Rule72

Rule72

Sorry for the absence, but there have been good reasons for it. Upside potential forced me to have a say. This post is not as refined as usual, but an effort to see if there is still interest out there for these analyses. Money Man is thus still asleep and the chart a bit simplified. I once heard that the wise money only comes out once everybody else is sure of...

Rule72 Updated 

Recap on the previous Bitcoin analysis: price disappointingly did not reach Green 1 after breaking out and peeped out below Decision 2 multiple times, licked Decision 1 again and now is testing the bottom of Decision 2. The latest flush caused some volume comparable with the last, but this time it seems crucial that Decision 2 holds. Conclusion: Money Man...

Rule72 Updated 

Recap: On the previous Ethereum analysis price went to Green 2, revisited Decision 1 and tested Green 2 again, failing and now around Green 1. We are now seeing a bit of volatility coming in again as there are questions being asked of Bitcoin. There is probably no better time to talk about losses than when most people are in gains, so here Money Man must explain...

Rule72 Updated 

Recap: BTC moved on the previous analysis to just about touching Green 4. There is a glitch and Money Man might not be able to attach the previous analysis. The Tube is hot with analysists boasting about leveraged long positions and this spells danger. Trading is not all about getting the direction right, it is about getting your risk to reward right and the most...

Rule72 Updated 

Recap: Our previous analysis’ Green 1 was reached and even with a peep above, we are still around there. Money Man is having difficulty retrieving his previous analyses on the site and thus might not be able to attach them. The uncertainty and doubt are palpable in crypto and ETH’s lacklustre performance is now showing some improvements as it is pushing against a...

Rule72 Updated 

Recap: Ethereum went (on the previous attached analysis), below Decision Box 2 by $4 and reached Green 1, but now is back in the Decision 1 area. Money Man was hoping that ETH would get out of the congestion and believed it would be tradable only outside of it. We are still within it, but there are some signs of hope. Not least being the volume. Trading Health...

Rule72 Updated 

Recap: Bitcoin (on the previous attached analysis) touched down at that Decision 2 and safely sailed to Green 3. Now it is hovering around Green 2. Volume is clearly stating that the most recent drop in price caused reaction in the market. Two- and a-bit days ago, Money Man watched the glorious spike down to 51 000 on Bitstamp. It simply burned through the...

Rule72 Updated 

Recap: We made it safely to the previous analysis’ Green 3. Ethereum has not been as enthusiastic and seems to be dragged along. There are lots of shouts about mid 54 000, but Money Man is careful about burning his mouth by being too greedy. But also, about getting caught hungry at the end of the meal. Around here the end of a meal is not as obvious as ice cream...

Rule72 Updated 

Recap: Green 1 (typo as Green 3 on that chart) has been reached and surpassed with ease, but now Bitcoin is giving Money Man food for thought pre that analysis’ Green 2. Money Man keeps reminding himself to eat along the way, but not be greedy and eat it all as he does not know the extent of the journey. Conclusion: When will the journey end? Nobody knows and it...

Rule72 Updated 

Recap: On the (old) previous analysis: Price went to Red 1, turned and reached Green 1, where it failed to Red 2. What is in the pot now and what will cook over? In the ETH analysis Money Man gave a short story as to where he has been for the last while. All the galivanting has taught him at least more about the pressures building now. Conclusion: Everybody sees...

Rule72 Updated 

Recap: On the (old) previous analysis: Green 1 (which was nearby) then back to Decision 2. After which it made it to Green 1 again and stalled before breaking Decision 2 without follow through and bounced to Green 2, failed hard into Red 2. Money Man took some time away to do some reconnaissance with care not to add unnecessary complexity to his analysis. A year...

Rule72 Updated 

Recap: Price eventually broke out of the previous analysis’ Decision 1 but did not reach Green 1 by $55. It then dropped all the way through Red 1 and is now consolidating around that Decision 2. Money Man was compelled to write an update at 32 800 (which he never does – he rather writes a new analysis but saw some unexpectedly large selling forming and put out a...

Rule72 Updated 

Recap: Price went cleanly out of Decision 1 on the previous analysis and went to Green 2. It peeped above it but consolidated there and then the big drop into that Red 1 and is now teetering around that Decision 1. The move through that Green 1 has caused a redraw of the long-term trend lines. A bit of a recap of the action is that Money Man posted (if you follow...

Rule72 Updated 

Recap: BTC broke out of Decision 1 on the previous analysis and did not follow through in either direction after, respecting the Decision Levels subsequently. It is getting a bit too quiet around here and we are in some need of news or something. Wonder who will oblige this time. Money Man is putting BTC currently in Decision 2 as we do have some resistance built...

Rule72 Updated 

Recap: ETH broke down through the previous analysis’ Decision 2 but did not reach Red 1. It recovered to now being above that Decision 1, contradicting BTC, but needs a spark. The upwards sloping long term trendline has only just been breached, but volume indicates that price finds it difficult to move beyond it. This struggling, in Money Man’s opinion, combined...

Rule72 Updated 

Recap: Price is within Green 1 of the “Pile of Red” analysis. BTC is looking interesting, having peeped above by a bit. Will green mow down red or not? Money Man thinks that we could find out soon. Conclusion: Money Man is staying true to his levels as he thinks ETH could move in unexpected ways on the lower time frames. Remember: No guarantees, only...

Rule72 Updated 

Recap: Price reached the top of Green 1 of the “Put It in a Frame” analysis and even peeped over by a couple of Dollars. Who is in the liquidity pool and with what intentions? How far from the edge should you stay or are you prepared to wade in and find out. Conclusion: Money Man thinks that his levels should hold true, but remember: No guarantees, only...

Rule72 Updated 

Recap: BTC’s price reached Red 1 after a play between Decision 1 and 2 on the previous analysis. Interesting how it built up and then went looking for liquidity. Take a picture in your mind of the price action, frame it and hang it on a wall in there. A good question, not that you would be able to answer it beforehand, would be as to what drove the buyers in the...