MatTheCat

MatTheCat Updated 

Extremely Choppy price action as might be expected when HTF MAs start fighting with each other. Two most recent BTC trade ideas haven't been great. One failed to trigger, and then momementum following Short reversed 50% towards target, before taking out small flag resistance level in emphatic style. Looking at higher time frames, the bear looks to have better...

MatTheCat Updated 

One of these scenarios looks likely to play out. With scenario 2 being by far the preferred option....but u don't always get what you want.

MatTheCat Updated 

Stong break out bars like this don't come on their own. There is another leg down of this impulse move to come, and looking at higher timeframes, seems to confirm the Bearish case for BTC more and more. This might be a good entry for a much bigger move down to lower $6K area.

MatTheCat

EURUSD is reversing after strong breakout. Follow trend with Sell Order on 61.8% retrace.

MatTheCat Updated 

This flag from the inverted H&S pattern of the $7500 floor, looks like it is going to resolve bullishly. Hit the LONG button on breach of 7987 and not a penny before. Stop at 7880. Target is 8300. Bitcoin is getting very precarious and is overdue a serious tanking........ .........but that doesn't mean she can't go up more first, and it doesn't mean that the...

MatTheCat Updated 

This consolidation pennant looks equally likely to break up towards mid 8000s, or down to mid 7000s. Here are the patterns to look out for.

MatTheCat

Continuation of bull flag on break up pulse candle as price makes it's way back up to short RLZ and HTF MAs.

MatTheCat

A bit of a gamble to make with BCH and indeed XRP. Both these charts suggest more upside to come, but BTC looking like it has overstretched itself, set to consolidate, and then most likely, resolve bearishly. If this were to be the case, then would have to expect piggy back coins like BCH or XRP to follow. With that said, both of these coins have a tendency to...

MatTheCat

Bullish Resolution across price, momentum, and vol on DAILY chart (not shown), bull flag trade AB=CD trade setting up on LTFs.

MatTheCat

Although the show might not yet be over for equities just yet, interest rates are on the rise, which means a slow down of the cheap money that has been responsible for propping up the equity markets over the past ten years. Gold is setting up astoundingly bullish, coming into this 'day of reckoning' for both the equity and bonds markets.

MatTheCat

Target is still swing high-low RLZ up at around $10.5K. Nice little retrace into pulse higher RLZ. Good long trade entry opportunity. If price gets much below this level, then market is probably going back down in the other direction.

MatTheCat

No selling pressure at this point, BTC has broken up beyond 38.2% retrace, next stop, 61.8% at termination of AB=CD target.

MatTheCat

Confirmed bear structure across price, volume, and momentum. Good idea to listen to what the market is trying to tell you.

MatTheCat

Bitcoin is a highly cornered, corrupt, and wafer thing market. Now that big players have pumped Bitcoin into the stratosphere to an extend that nobody could have imagined, and can now lock in profits by taking out big fuck off CME future short contracts.........the lice shall start to crawl out of the woodwork....... .....being a victim of Bitfinex's inside job...

MatTheCat

Not experienced enough with these formations to know a valid one from an invalid, but have seen them trigger often enough to know not to bet against them. LTFs (i.e. 4 hour chart all read bullish to me), but zoom out and look at bigger picture, and you will see this Ascending Wedge lines up with several HTF downside objectives.

MatTheCat

Range Reversal based on Market Structure. Setup triggers on break of $680.

MatTheCat

AB=CD Harmonic hit, with 1.414 extension proving strong resistance. Bear structure in RSI and OBV, is a strong a sell signal as any.

MatTheCat

Momentum turned bearish some time ago, yet price trends higher against momentum, creating bearish divergence. Now, on 4hr timeframe, Price has also put in bearish market structure. We just had the launch of the CBoE futures contract, which caused BTC to fart a bit above it's ATH, before discovering that big money has no appetite to pump this further. Same old,...