Golb

Golb

I usually try sticking to crypto but gold i think gold might be setting up for something big soon. When the crypto market took a hit so did gold, Maybe a move higher could trigger a move in BTC? Structurally gold is in a long term bullish trend, it bottomed in Aug 2018 and has been makings higher highs since. This correction started in Aug of 2020, from the...

Golb

The higher timeframe trend will always take priority over all the others. I can’t use the monthly chart because all you would see are green candles. The weekly chart is the safest way to look at the bigger picture. What am I look at on this chart? I’m looking at all previous lows that we’re printed, this gives me a general idea of where price may go. Once I find...

Golb

The move I wanted to see happened but I wasn’t involved. I wanted to hedge the move market by the blue arrow. I didn’t post the trade so I won’t claim it. Today is the last day of the month meaning the monthly is candle is about to close. A few posts back I mentioned I think the bottom might be in. The current price movements of this week are further reinforcing...

Golb

I got the downside movement I was looking for but not from the level I was short from. Got a spike above my entry, taken out at BE. My logic was shorting into the long. The overall idea is still intact, BTC is currently at one of what would have been the targets for the short. The weekly candle is about to close, I will be doing a fresh top down analysis this...

Golb

short with a very tight stop.

Golb

When I posted this entry I didn’t give a proper description on why or how this trade is a good one to take. I have a suspicion the bottom might be in but if that’s not the case then I would still like to be involved next leg down, the how is the tricky part. If we’re going to $24k then I think the lower high (the trade I just caught) is the best place to be...

Golb

Moved my stop to BE, if it goes back to my entry then I don’t want to be in the trade anymore.

Golb

Hedge short

Golb

I was looking at $0.55 as a potential level that could initiate the bounce. I don’t not have an area that would give a tight enough stop loss so I didn’t teak the long. Im assuming a lot of people are looking to short this rally but im not so sure. Im still hunting a long but something that won’t require a 4% stop loss. The good thing is we’re still trading...

Golb

I would love to long $0.55 but BTC looks like it wants to spike lower. I would like to see price back above $0.60 or even that previous low at $0.65100 before I consider attempting another long. Price just printed a lower low, it’s not unreasonable to expect a lower high before another leg down. I think I’ll probably end up hedging this both ways. The area...

Golb

If you follow me you’ll remember I posted a warning about something like this happening on the 25th of may. My fear is that there’s very little standing between that CME gap and $12k, the market did not leave a lot of stops on the way up. They way down could be just as dramatic and violent. I saw a lot of people calling for longs and $100k, Internet gurus...

Golb

Got stopped out on the long, I honestly wasn’t exactly expecting price to dump this hard from the open. I was expecting some kind of relief rally before this dramatic a fall. I’ll be sitting on the sidelines and watch how the next few days play out. Currently price is trading at another point of interest. Let’s see how price reacts, hopefully I’ll get a chance...

Golb

Very interesting price action to end the week off. BTC giving some very bullish price action on the lower timeframe. A violation of the downward market structure has occurred at a level I was looking at, my $33k target wasn’t quite met but I don’t care. What interests me more at this point is $35k. We should see price come back to $35k to pick up orders before...

Golb

With only a few hours left before the weekly close I find it interesting that price spiked my zone and is now trading back above that $0.75 level. I gave a clear outline of what I was looking for going into next week, it seems one of those scenarios is playing out as I’m typing. I placed a limit order at $0.72 and my stop is below that highlighted zone. I know...

Golb

My final target of $0.75 has finally been met. Currently seeing some signs of significance in that level as price is struggling to close below it. On the 1hr timeframe you can see the accuracy of this level, what does it mean for me? To me this is reinforcing my idea that a potential reversal could be forming here. On the weekly chart things look very bloody...

Golb

My final target is within reach, I’ve been calling for $0.75 for some time now. I have a clear long term plan of what XRP could do but the “how” is the fun part. BTC is not looking good at the moment and whatever it does, the rest of the market tends to follow. Next week could become bloody dependent on how BTC wants to behave. There is a good chance we see...

Golb

Target 1 reached. $35k seems to be of significance, price could see a rally off here but nothing too dramatic. I haven’t seen any signs of a reversal yet. I’m macro bullish but that doesn’t mean I can’t short the correction and buy back at a lower price. Looking at the charts, next week could get very interesting, one more sharp decline in price could put a lot...

Golb

Longs are being massacred, my first target of $35k is close so I would call it a successful week. There isn’t much to say that hasn’t already been said in my previous post. I’ve been seeing a lot of people calling for higher prices trying to will the market higher while price action has been pointing in the opposite direction. People have been calling for all...