MrRenev

MrRenev Updated 

Hello! How nice, ETH is or might be making it pretty simple for us here. Maybe this is it finally, we're all consolidated in a daily inside bar and we are getting closer to the downtrend. Usually inside bars are best trade in a trend, but since breaking above next week would mean we get out of the downtrend pretty much... That's pretty interesting. Remember what...

MrRenev Updated 

Warriors! A continuation of my previous idea. We broke the high of yesterday at 11065 after going straight up all day. No we need a bit of pullback or consolidation as we went up all day very sharply and are overbought (as the high RSI shows), but we are ready to go up once that is done. The bulls have shown how strong and eager they are, and it is going to be...

MrRenev Updated 

Warriors, I am back with a quick update on my previous ideas, still targetting 13k before a significant correction. We have survived another day and stayed above the big correction line. There can only be 3 issues today: - We tighten in the range I have shown on my chart. - We go below 10210, this is very dangerous. We would test the pink line again. - We go...

MrRenev Updated 

Warriors! This is it. Bitcoin got out of the downtrend. The daily candle closed ABOVE the downtrend line. OF COURSE at the very last minute there was a sudden drop in price to scare people off, but we still remained ABOVE the downtrend on the daily. Could be a bull trap, but odds are pretty good in favor of the bulls. Don't be surprised if we see a very bullish...

MrRenev Updated 

Warrior! We now broke from the bullish pennant I posted in my last idea(s), the likelihood of going to 13k just went up. From the high to 6000 that is 0.5 retrace from the bear action. We are going to see a cup and handle formation complete in a few hours if everything goes according to plan, and that target will be 0.618 or 16k. If we get close to 13000 I will...

MrRenev

Nothing more to add :D

MrRenev Updated 

Warriors! After the impulse that bought us from 7851 to 11788 Bitcoin needed a rest, it pullbacked all the way to 9287, which is a 0.618 retrace of that impulse, and then it went flying up, in a very impressive manner. The bulls are alive! They clearly showed they were not messing around. Now, the cup and handle that started forming is becoming more clear. The...

MrRenev

Will you look at this. TRON got pumped to the limit and then fell alot, but it could still fall further. There is a possibility TRON becomes really cheap, there's many bagholders waiting to break even, and it has the image of an overpriced shitcoin. But there is value in this thing, maybe. It could get sold too much, below what it should be priced at. There's a...

MrRenev

Mates, The bear main argument towards a long term bear market is "It kinda looks similar". As you can see on this chart "It kinda doesn't". Nothing more to add about that, it's crystal clear that argument is BAD. The only good arguments for bears I can find is that we are still in the downtrend channel, and we might have no seen a capitulation selling...

MrRenev Updated 

Continuation of my previous idea. This is VERY VERY simple. A monkey should be able to understand this: Bitcoin get bull run go up alot very much ==> Bitcoin retrace. ALWAYS. Not only Bitcoin, any stock do this. Bitcoin retrace to 0.618 good retrace (retraced EXACTLY here actually). Below 0.786 oh oh maybe the bulls aren't strong anymore. After Bitcoin retrace...

MrRenev Updated 

Hello and welcome. The most probable scenario is this one. Sadly for traders the volatility will drop, but that doesn't mean they'll be nothing to trade in crypto, for example Ethereum will shine again and it hasn't yet, unless it goes above 1k before that low volatility period, we'll be able to trade it. As Bitcoin remains stable, alts are usually (finally) able...

MrRenev Updated 

If you too missed your entry on Lisk, ok so first now is not the time to buy, and secondly, keep your finger crossed, maybe BTC falls down in the next 10 days and we get to buy Lisk. Anything is possible. I believe the scenario 2 is the most realistic. The price is so inflated thought by all the speculators that heard somewhere "buy the rumor sell the news" and...

MrRenev Updated 

Warrior! Prepare your weapons. This week end or start of next week we shall likely see a large bounce, Bitcoin is getting closer to the 9000-9500 area which is pretty strong. We can see Bitcoin is possibly forming a bullish pennant, and the 1HR RSI is getting pretty low which usually signals a significant bounce is imminent. We also just had chinese new year...

MrRenev Updated 

We went up - very much. This provided big or small (if you're bad like me) profits. Now we touched the upper trendline from the falling wedge and rejected it. We might go test it again later, but right now we got a reversal candle on the daily, and are dropping very fast from that resistance. I opened a margin short on ETH 1 hour ago on my secondary account on...

MrRenev Updated 

Warrior, BTC go its run in December, LTC too, and then later came ETH. And now we have seen LTC as the lead bull, doubling up fast, and BTC following (LTC actually broke levels before BTC did), but ETH hasn't had this great recovery yet. So now, as BTC is getting close to breaking its downtrend at about 11500, let's consider both cases: - The resistance slaps...

MrRenev Updated 

Hello, if you read my previous idea, I was waiting for a retrace to 9200 to buy, and believed 8600 was possible. I am prepared for every scenario. We didn't get to 9200 yet, we pullbacked to 9670 which is approximately the 0.236 retrace since the start of the bull run from 7851 to 10271, and we can now see a bullish flag forming. Falling wedges like this one have...

MrRenev Updated 

It's looking better and better. It might even be less than 12 hours till we go KABOOM! (Either way lol). It also happens to be Monday morning, the start of the week, in east Asia. I'll go long at 9700-9800. Set my orders relatively low to minimize my risk, if I miss it because of that I'll buy on the bull flag break, considering we do form a flag as I drew it (the...

MrRenev Updated 

Warrior! As we have climbed hard, we must be prepared for a retrace. We are touching some pretty strong resistances (The 10300 zone, the 4HR 200EMA). Even the 4HR RSI is now overbought. We love this because that's when we fill our reserve of supply so we can provide buyers once they start wanting to buy at a higher price (since demand drives the price up). The...