Putrid_Shittgenstein

Putrid_Shittgenstein Updated 

The Dow printed a bearish reversal candle on the daily at a major fib zone. Bitcoin has tagged resistance. Not sure what happens next as the monetary authorities have disappeared. Anyone seen Mnuchin lately? We may range trade ...

Putrid_Shittgenstein Updated 

Bitcoin has tagged resistance, it'll need a Giant to push past this descending trendline and resistance zone. This area is no man's land. If BTC holds up here for the entire week then it'll have a bullish bias. Be very careful as the Dow is bearish.

Putrid_Shittgenstein Updated 

bitcoin is not moving ... unless someone pumps, this baby will drift down ... not sure why: maybe the reset is drawing close? everything freezing up alts will crash hard so ... i'm out

Putrid_Shittgenstein Updated 

I'm getting a boner. ETC appears to be incredibly bullish; with 3 higher lows (closing) in the last 3 months. If BTC holds up here and again challenges 10k I suspect the biggest winner will be this guy. Looks like the whales are prepping this baby for lift off, and if it moves it's gonna move fast. This trade is invalidated if it rolls over like an old man...

Putrid_Shittgenstein

Bat got smacked down hard by the whales a few days ago. Looks like a retest is developing in the next few days. It's quite a large target area because the market cap is so small and the whales can do anything. They can even bring this to zero if they want. So you'd need to long it with a limit sell order at your target and use a stop loss---as they can do anything.

Putrid_Shittgenstein Updated 

After suffering a devastating 90% collapse in market cap, ZIL has been making a comeback. The first Elliott wave has completed, it's possible it'll pump up to another price level ( and that's to be decided by the whales controlling this small cap coin ). But according to Elliot wave ideology; a retracement to support ( consolidation ) is required before taking...

Putrid_Shittgenstein Updated 

The oil and stock markets in the USA finished the week in good shape so Bitcoin should ride the wave of optimism and retest the resistance this long weekend. We should bounce around 9,200 and 9,800 this long weekend. Overall macro conditions are very poor ... I suppose the bulls are waiting for the next big print-fest; so everyone is waiting for the FED!! ...

Putrid_Shittgenstein

All attempts at breaking out of crash pattern have failed; in all likelihood the bottom will be retested as support.

Putrid_Shittgenstein Updated 

Despite BTC weakness, Zcash should bounce between these two zones this weekend.

Putrid_Shittgenstein Updated 

Despite BTC weakness, Matic should retest high this weekend.

Putrid_Shittgenstein Updated 

Despite BTC weakness, Zil should retest high this weekend.

Putrid_Shittgenstein Updated 

A simple retest of recent high, the overall market conditions are poor with insolvency issues across the economic landscape---so no heroics.

Putrid_Shittgenstein Updated 

Like so many charts, a bearish head and shoulders formation has developed for Goldman Sachs. With rates at zero, there's no profit for the banks so they're in big trouble. So much trouble you can't believe. Buffett knows it too ... Best, Putrid

Putrid_Shittgenstein

Hi Guys, So some traders are upset with Binance because their bitcoin futures contracts were automatically closed recently. This phenomenon can actually happen in other asset classes but doesn't because of greater depth of liquidity. It is called "forced deleveraging" and happens when the exchange is at risk of taking losses because there's an imbalance...

Putrid_Shittgenstein Updated 

Verizon looks weak here, may crawl back up a little bit will then roll over like an old man dying in the bathtub.

Putrid_Shittgenstein Updated 

Feeling a divergence in the force ... an exponential blow off top is usually followed by a waterfall crash pattern. The whale that's pumping Theta will air gap past your stop loss and eat you for lunch. I recall a memory when a whale brought Matic to ZERO ... alway weird when shit goes to zero.

Putrid_Shittgenstein Updated 

The price is respecting the formation. Thus, you can trade inside the formation, long or short position at the respective trend line, with a tight stop loss on the other side of the support/resistance lines. Another trade idea, more profitable with less risk, is wait for confirmed breakout and trade the target area. Best, Putrid

Putrid_Shittgenstein

Abbott to retest support after news creates negative sentiment.