Obscure_Trading

Obscure_Trading

It's been some time as we were simply waiting on this major market movement to occur and reach all time highs. So the question is, what comes next? My speculative hypothesis is: We get a deep market retracement. Eventually. My actual plan is this: We have broken out of a major range that we were in for ~6 months. Now we monitor price and wait for the next...

Obscure_Trading

The ETHBTC chart is very helpful for identifying when altcoins are about to have a strong move, the reason for that is because Ethereum tends to run the entire altcoin market. It isn't a perfect indicator, but in general if ETH is performing well, then so are many other altcoins. ETHBTC is currently retesting a resistance line that it broke below. This is...

Obscure_Trading

We are back to the time where I like to set up for some trades. Some of my favorite trading comes when BTC defines a stable range like it has, this involves being patient to allow BTC to sweep high and low liquidity of the range. But once that range forms and has time to develop, the likelihood of the next move out of the range being a confirmed breakout...

Obscure_Trading

BTC currently chopping in this range and there have been some good trades to take the last few days. But the best, easiest, and most straight-forward funds will come as soon as BTC breaks out of this range. It's a simple range and price has lready swept the liquidity of highs and lows on this range so the next move out of the range is likely to be a trending...

Obscure_Trading

BTC ended up printing a swing pattern failure. So I am now preparing for shorts positions and this chart shows when I am anticipating to find my best entries on those. This chart also shows that I am not looking to take any long positions unless we see a strong move higher form the buyers. So I am preparing for short positions now but waiting for the right...

Obscure_Trading

High risk trading with uncertain market conditions, but wanted to share this possible short term paly. So what I am watching is CFX on the 1hr timeframe. There has been a break in market structure and the price action is now creating a small bear flag/wedge just under resistance. This is also helpful to pair with BTC being just under a resistance level, so if...

Obscure_Trading

BTC is closing in on a support level and it's important to remember to take profits. We have been in some trades that are all up significantly and I have at least taken some partial profits while still keeping some skin in the game. I am watching this major support level for BTC. It's possible that we fall right through it, but it at least marks a good level for...

Obscure_Trading

Let’s start this with a BTC chart as we always should. This chart has more info than I’d normally throw on, but it covers a basic overview of how I am currently approaching trading. I don’t like the small range trading much, so I wait until we move out of those ranges and then jump into trades. The range we are currently stuck in (as I see it) is shown by the...

Obscure_Trading

BTC just printed what appears to be a bull trap. This can be seen by BTC breaking the overhead resistance, making a new recent high price, and then quickly losing that support level. This shows that buyer’s did not jump in to buy up BTC where they are “supposed” to. Because of this, I am watching for this short play shown on BTC, the closer the entry is to the...

Obscure_Trading

BTC is nearly breaking above the $25k level, a level that many people say is what needs to happen for a bull rally. BTC is very good at clearing into new high territory before reversing direction shortly. In this particular case, There are many short liquidations that will occur just above the 25k level as that is where many investors have a stop loss placed for...

Obscure_Trading

Keeping this chart and idea pretty simple as those are always the best plans in my opinion. I have been observing the current BTC range which I have shown by purple lines. I am personally not interested in trading within this range, although there are plenty of trades to take, I am choosing to opt out and let this range run its course especially with a lot of...

Obscure_Trading

I frequently chart the BTC CME Futures chart alongside a normal BTC Exchange chart. The difference between them is that CME is closed for the weekend and operated by a regulated group. This means the CME chart can frequently show different trends/patterns as it removed a lot of the noise, unnecessary wicks, etc that can come from exchanges trading over the...

Obscure_Trading

The chart above shows a 12hr outlook of Silver (XAG). The light blue trend line shows the macro lower highs that are being printed and this line has been respected several times. The current price action is now in an area revisiting this downtrend. This does not mean a reversal is imminent but gives us an indication that this is where a reversal would occur if...

Obscure_Trading

Understanding price action and market structure is one of the most valuable concepts in terms of keeping your head straight in this market. Bitcoin recently printing a couple signs of changing market structure and I wanted to share because sometimes this stuff is almost too simple that people overlook it. The chart above is showing that after the enormous BTC...

Obscure_Trading

So we are watching this descending triangle just like the rest of the trading world is... nothing new here. I'm not here to call the direction of the move, but to be prepared with trades lined up so that we are ready to jump in when the pattern does break. It's worth noting that I'm showing a BTC CME chart here because it has less noise, so a cleaner pattern. ...

Obscure_Trading

Continuing from my previous post about the bear trap trade. It's important to note that my current trading strategy is to stay in our longs from that bear trap post and ride profits, I will swap coins and bounce around as I see fit but I'm not here to day-trade and bounce in and out on 5 minute timeframes. I don't often post prediction targets or things along that...

Obscure_Trading

My favorite trades to take are when bulls or bears get trapped. These have an EXTREMELY high success rate and are my favorite strategy to trade. Earlier today the bears were trapped by what looked like a pattern breaking lower, but it was regained by the bulls. The reason I love these traps is because the party (bulls/bears) that get trapped, end up getting...