Power_of_Shitcoin

Power_of_Shitcoin Updated 

A day ago I quit a good trade because of the OI. Now, I will use it differently than usual. What does bum trash Investopedia is telling us : Rising OI - Price UP - Market is strong Falling OI - Price UP - Market is weak Rising OI - Price down - market is weak Falling OI - Price down - Strong Far from being the truth. It also doest tell us shit about...

Power_of_Shitcoin Updated 

Reasons to short: 1. Positive bitmex funding 2. Daily BB staying on 20 sma 3. Cumulative orderbook leaning red 4. Budda mountains or complex head and shoulders 5. From open interest, I would say that people are more interested in short but they tend to close their positions fast. So once open interest drops a bit to its consolidation level, we may...

Power_of_Shitcoin Updated 

I will compare tether negative effect on and will try to guess the next direction. May 27 I see this is if USDT is up with a price uptrend continuation. Medium-term or short term. If USDT is down with a price down - continuation. Medium-term or short term. USDT divergence with a price - reversal. I will learn more about this. Now let's see if it's true.

Power_of_Shitcoin Updated 

I think, when you are investing, you should expect that your asset may go to 0 unless it shows some real red flags. I will invest 10% of my capital in ZIL for several reasons: 1. zilliqa.com those are all developments that in the near future. People may buy in anticipation of these events. 2. Wyckoff Acc. 3. Touch of Weekly BB 4. Daily RSI is...

Power_of_Shitcoin

1. Looks like it is ascending triangle with a preliminary breakout. I do not believe this is H&S. The neckline looks dangerous. Head is located in the pool where 50 mil shorts where liquidated. The price got there for a reason. 2. Open interest within this consolidation increased 100 mil. Traders are opening both short and long positions. Somebody is not right...

Power_of_Shitcoin Updated 

5% MDR bullish XBT BAS bullish Sighns of late stage sellers Wyckoff Spring Coil ETH and XBT open interest increase on bitmex. Over 70 mil dol in liquidations of ETH futures on OKEx Lets wait for more sentimental confirmations.

Power_of_Shitcoin Updated 

“I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone.” -- Jesse Livermore “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” ― Warren Buffett Maybe, you...

Power_of_Shitcoin Updated 

I bet that Litcoin will follow the bitcoin if this will crash soon so this may open for us pretty good short opportunity not only on Litecoin but other altcoin like ETH and EOS. Why bitcoin will crash? 1. CME and CBOE cot report on 22/1/2018. This is old but still indicate us what smart/dumb money are doing. Overall: Institutional (Smart Money) - 344 positions...

Power_of_Shitcoin Updated 

1. Coil 2. RSI Divergence 3. Wyckoff Accumulation 4. Bullshit Disclaimer. Usually before entering any trade I need to see extreme sentiment and overall trade should be supported by order book. Unfortunately, the first one is neutral and order book is still bearish. Would be nice to wait for a little and see some bullishness on bitmex.

Power_of_Shitcoin Updated 

Trade will be executed right before the airdrop (in 14h) What to look? --- 16 dsma ---- ATR --- 8000 sat level

Power_of_Shitcoin Updated 

1. Double Top 2. RSI Divergence 3. Spike in ETH Longs 4.BTC/USD Rising Wedge 5. BTC Shorts dropped dramatically. Daily interest for shorting is 0%. Daily interest for Longs increased 400% over the past 4 days.

Power_of_Shitcoin Updated 

What do mortals do in panic? 1. They stalk at price and literally dont do anything. 2. Then, they deny everything. 3. They fear to do anything, then to miss out. 4. They encourage themselves to participate, in panic. Daily chart shows some clear signs of bear flag F&G Increased in Consolidation from 19 to 22. That's extreme fear Bitcoin wants to pullback a...

Power_of_Shitcoin Updated 

Reasons to short: 1. Rising wedge + Double Headed H&S. 2. Sitting on 100 sma 3. RSI Daily Divergence 4. F&G Index - 39 (Increasing) 5. Shorts were wrong all the way up. Now looks like they are exhausted 6. Longs Look Exhausted

Power_of_Shitcoin Updated 

Interesting that CNBC, Bloomberg, MarketWatch are feeding us with fearful ideas to sell everything before the real bear market shows up, so you could sell your stocks to those who owns them. Bros and madams, you should go to the nearest pharmacy and buy some prozak. Most of the markets are already 30-70% down. Almost every ETF is hitting lower BB. Silver is...

Power_of_Shitcoin

In order to be successful in any kind of financial markets you need to have an edge and know absolutely everything about it. But all humans sometimes or often take bad decisions and this is normal, not cool but normal. In order to protect yourself from bad trades, you should use stop order to sell to stop a loss and trailing stop order to sell to secure a profit...

Power_of_Shitcoin Updated 

www.tensorcharts.com - lots of bids got filled at 3800. Bid Order wall is much bigger then ask. Diamond pattern was found on the chart. -- thepatternsite.com I won't talk about iH&S. V formation on ETH chart with the well defined platform Shorts are still higher then longs Crypto Fear&Greed index is at extreme fear --- alternative.me 20 sma reentry looks great

Power_of_Shitcoin Updated 

1. ETH/BTC at Support. 2. ETH/BTC RSI is oversold with bullish divergence 3. Large Broadening Wedge Formation which typically leads to reversal/consolidation period. 4. Longs are about to lose power 5. Shorts show some pretty good continuation signals.

Power_of_Shitcoin Updated 

Any bear market is followed by consolidation period. Even the best traders are not so cool profit from range as this time of market is very unpredictable. Here are reasons to be with cash and expect some sort of washouts before the real bull market will begin. 1. Daily Bolinger Band was nailed for 2 times. 2. Two inverted hammers 3. We are sitting at...