MatTheCat

MatTheCat

Despite the massive price swings, Bitcoin chart over the past year is behaving just like an intraday range bound chart on the 30 min - 5 min time frames. The Kool-Aid brigade expect nothing less than $100K by the end of 2021, cos 'The Halving, Stupid'. Seasoned pros are expecting a post halving Sell-Off down to $7.5K. Nobody is expecting $2K Bitcoin . Trade...

MatTheCat

Key Reversal on HTF chart Bear Bat Harmonic on Signal Chart. No idea if it will work or not......~7:1 rr ratio (potentially) if it does. Take it or leave it (I have taken it)

MatTheCat Updated 

Applying all my usual box of tricks.... ....if this isn't a Short, then I don't know what is.

MatTheCat

Logical Short Stop Loss levels have now been run out on the Dow (US30). Big sell off running into Daily Pivot, putting Key Reversal.

MatTheCat

As mad as it may sound, Gold for me is a short for the next few weeks or even months. In the face of the 'news', technicals are technicals, and Gold just painted a great big dirty Key Reversal on the Weekly chart, a key reversal backed up by break down of RSI thesis, and the $1380 resistance turned support level, just beckoning price like a magnet. Full...

MatTheCat Updated 

Still looking for bearish resolution of consolidation pattern. 1st Stop target is test of lows, thereafter adopt trailing stop strategy. There is no technical reason to believe the higher time frame Bitcoin Bear Trend is done, so DOWN has to be the bias on the lower time frames, but I would balk at holding any short position too far past a breach of the local...

MatTheCat Updated 

Take note. This BTC short idea has not yet confirmed . Entering it prior to full confirmation across the 3 metrics I am looking at here, would be very silly. Despite Bitcoin having already come down hard, there is nothing on the Higher Time Frame charts that suggests the slightest whiff of a trend reversal. Therefore the most probable thesis is that BTC is...

MatTheCat Updated 

AUDUSD has already come down a lot, and HTF Harmonic targets have been met, and have overshot somewhat. So I wouldn't necessarily be looking for new lows here....certainly a 2:1 in there though, looking for a test of the lows.

MatTheCat Updated 

HTF GBP charts looking super bearish on so many levels. Given the protracted consolidation and failure, this bear trend may move fast. Trade shown isn't a realistic setup for the majority, but bound to be plenty of trend following opportunities on the move down (am already in one on LTF charts)

MatTheCat

I Stress. This is not a recommendation to jump on a Bitcoin short right now.....I state again. DO NOT SHORT BITCOIN RIGHT NOW! .....but long term, $2K and below is where Bitcoin is headed. Make no mistake!

MatTheCat Updated 

Breakout of Descending Wedge on 15 minute chart. HTF charts suggest Trend Continuation. Trail price with your favourite retrace buy-in level, or buy weakness on vLTF charts.

MatTheCat Updated 

Break down of Channel confirming Bear Flag. Deploy your own favourite aggressive Flag Break Up/Down strategy to take a slice out of the bear trend.

MatTheCat Updated 

Key Reversal on 4Hr Chart Hit 78.6% retrace. Risk to lows. Monthly chart suggests this is a likely level for 'institutional fingerprint'.

MatTheCat Updated 

GBPUSD finally showing some signs of weakness. Look for opportunities to sell strength. Trade box shown is placeholder only......refer to Lower Time Frame charts to hunt entry.

MatTheCat

Unless you are willing to risk down to $21.5K, there is no long setup to speak off here at the moment. This is more a level in the market where the heavy lifters are likely to step in. Don't fall for all the fear and panic.....the Big Crash will surely come, but they need to ramp the markets back up into Trump's re-election imo.

MatTheCat

AUDUSD has bounced hard, too hard perhaps, and needs to do a little bit of back filling. Harmonic Bat Short Entry is pending.......textbook Bat entry is 88.6%, but I have seen too many air kiss that level before turning aright back around.......76.4% entry and/or hunt LTF charts for reversal structure.

MatTheCat

Key Reversal and "Grade 1 RSI TL" Continuation Thesis in play. Trade already active. Place entry at trade confirmation level (shown), or go down to lower time frames and hunt short range continuation setup's.

MatTheCat

US Equities are 1 day away from painting a monstrous Key Reversal on the MONTHLY chart, the like of which has no precedent! I love to trade these on v LTF charts, typically on the NYSE open, and typically with a 76.4% retrace buy-in. A Similar strategy could well prove itself prudent in this example, but instead of taking 30 minutes to get an entry, and then a...