MrRenev

MrRenev Updated 

Warriors! I'm bored, nothing to trade. Might as well make a little chart showing how Bitcoin is following the usual bubble pattern - textbook. 1- Displacement 2- Boom 3- Euphoria 4- Profit taking 5- Panic? There have been many signs, but the real panic hasn't happened yet, for example there hasn't been the volume. It could look like this: -42% in 2...

MrRenev Updated 

Posting my trades here so I can make stats later on.

MrRenev Updated 

To battle! Rather than make too many ideas, I will post in here unless there's something more than a little quick trade. Right now I see USDCHF getting pretty overbought running into resistances I will start shorting, and I'll add some at 0.768 fibo where there is more resistance.

MrRenev Updated 

Warriors Bitcoin started moving Aaaaaaaaahhh I want to fight! Want to know why 2018 looks like a copy paste of 2014? Self fulfilling prophecy. The whales that went throught a bear market know what to expect. With or without them it will happen, but since they control half the supply and have this past experience, their actions follow what happened last time, just...

MrRenev Updated 

To battle! They are scared because the dollar keeps going up with a sharp angle, but they are weak. I see 2 areas where the usd is likely to pullback a little and at the very least give 50 pips. I'll zoom in as we get closer.

MrRenev Updated 

Planning for my next battle quick day trade. Ok so I expect the price to bounce in that box I shown, or at the very least on 129 Yen. If it doesn't, there's a long way till next support I will look at it then, and if it bounces I'll check target then, probably a few dozen pips - 100.

MrRenev

Getting ready for battle in advance! So if we go up to my magical box, that's the 0.786 fib, the previous fibo's got respected so this one should, and also it's a resistance tested and rejected turned support for a few days, turned resistance again. It's highly likely that, if we reach it, there will be a rejection. If not, I'll look at next resistance area.

MrRenev

Warriors! Back for some battling! Lord Palpy took off he was tired waiting for a crypto crash so he asked me to take the throne back. I am seing a really nice opportunity here, GPBUSD is oversold and getting to 0.382 of the move that started a bit before 2017 which is surrounded by a supportive area, and not far below that there is also the 0.786 of the smaller...

MrRenev Updated 

Previous resistance previously tested as support and also 0.618 fibo on weekly impulse? I'm in! Going to patiently wait for that 1.19-1.195 area to be reach and then I'll long the eur, should be a bounce around there. 50 pips easy at the very least, I won't tell what my exact entry is plus I'll scale in anyway. Target: will have to be calculated once we form a...

MrRenev Updated 

Making this new idea to post random thoughts. Checking every day where crypto is going. For now BTC is in the 8600-9750 range, there's an uptrend on the 4hour chart as long as the 8863 higher low is held. I don't think I'll look that much at crypto as it is spending so much time in consolidation & pretty likely there's going to be a long drawn out fall (until...

MrRenev Updated 

Nightmares. Hope this stuff never happens again. A major change by the government + no support for a long long time paved the way to a long way down. 3 years later the price gets back to its previous level. Can this resistance be broken easilly? I'm not going to trade this I don't like having nightmares. I recommend grabbing some popcorn and watching what happens.

MrRenev Updated 

Several supports all in the same region. There's a very high probability of a rebound if we get to that circle. Has to happen today or tomorrow otherwise the supports won't be in the same area. If we go there it will also mean we went down over 15% in 2-3 days with no bounce. Don't expect the price to drop perfectly in that circle with all the supports waiting to...

MrRenev Updated 

Hi. Out of BTC LTC ETH, ETH it is now the strongest bullish one! And LTC lagging behind struggling to go up. So it's pretty simple, Ethereum is overbought on the daily, people are losing it buying at the top. Just like they kept selling at the bottom when I said it was way oversold and even bought a few. It could easily get a 40% drop lol, as it has plenty of...

MrRenev Updated 

I'm going to focus more on day trading now, I just lose my mind when I don't. I am still going to take longer term trades, but these will stay in the background mostly. My outlook longer term is still bearish because that's what the chart is telling. We are in a rising wedge as you can see, and tightened in a range (the day is a doji). On a break we'll go either...

MrRenev Updated 

While not much is happening, remember to improve on your system more than anything else I believe. Reading every book on TA doesn't matter if you have a dumb system where you're guaranteed to blow your account sooner or later. Here's a friendly reminder on how much to risk on every trade. Suppose a 50,000$ starting account. *** Win 8 trades out of 10 on...

MrRenev Updated 

The bulls are absolutely mental. It's completely insane. They are complete fanatics. It's gold fever all over again. Now you see what greed can do to men. Can't reason with them, if you try showing facts they team up and get angry at you. I think alot of them will simply end up in the hospital. The mental wing. And alot at the morgue. As I have said already, this...

MrRenev Updated 

Changed my mind again. We were all wrong. It's worse. Oh boy. Hi, biggest FUD spreader and magical internet coin non believer here. Someone one day had an idea "Hey remember all the problems we had 150 years ago and we don't need? I had a great idea! Let's bring them back. What if I took several financial instruments and took the worse of each? A coin that allows...

MrRenev Updated 

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