Rule72

Rule72 Updated 

This ed post will be a bit different to the current track I am following. The reason will soon become clear. My take on this personal value dilemma explains a dilemma that Bitcoin is facing, and which drives it over the chart. It is a true story, so be patient and see if you see the Bitcoin that I see, within it. It illustrates the play of subjective, objective,...

Rule72 Updated 

The stall and small fall of this week has led us into another “weekend pattern”. Money Man has got some time to think and started to get nightmares about the gap between Red Target 1 and Red Target 2 if “Decision Box 2” ends up being too weak to hold a bit of trampling. On the upside Green Target 1 is still a logical retrace stop, but the longer we move sideways,...

Rule72 Updated 

It took some energy to get up here, but worth the time. At this moment it looks as though we might spend some time in this range, but do not be fooled into R&R. Breading down, even a small bit, would amount to breaking structure that Bitcoin has only done once since its recent lows around 9 800. Breaking Red Target 1 could see Money Man tumbling to Red Target 2,...

Rule72 Updated 

You might not see this as a rule, but it is another quick reference that would give you perspective. The previous ed post, linked below, gave a quick reference for perspective on winnings and a basis for strategies around risks. This does the same for losing. Compounding even got Einstein interested. The subtle point reading the two eds together is the value of...

Rule72 Updated 

The curve, or “slow catch” has managed to start climbing up the opposite side. The stock market correlation still seems intact, but we see some build-up around a pattern for BTC. The pattern is weak as it is comparatively small, and in the middle of a decision zone so is not giving much away as to where to the move would likely be. But, the big but (drawing...

Rule72 Updated 

BTC moved through the previous decision box 2 and even B, flattening off. As the only medium term chart pattern is this “slow catch” (the last one we fell out of it’s lows) is clearly discernible, it is reasonable to assume we are stalled by something that will force a far reaching decision. As the initial move down seemed motivated by the correlation with the...

Rule72 Updated 

The way we move into which boxes, and if so, will tell much and offer opportunities. We all know that the US stock market is in for some volatility as the elections draw nearer. This movement seems to have been caused by the stock market and it is then fair to assume that the real decisions will be made once it opens again. It will also then be fair to assume that...

Rule72 Updated 

Here is a bit of info many of you will already know. If you don’t, it is simply because you have not needed it or have not given your mind the time to find it. I think thinking and planning, beyond the next move, is too often neglected by traders. This is a simple way to stay in control while scaling into a trend, considering an if-then action, etc. If you know...

Rule72 Updated 

Forgive the precision. It is not normally a good idea to be this specific on targets. The “W” is so obvious at this stage, perhaps too obvious, but it took a lot of effort by the bulls to paint this “W”. Many traders got burned on the way from my previous “decision box”. If the “W” works out the brown box is the obvious target because of standard TA measurement...

Rule72 Updated 

BTC did manage to get to 11 450 and some beyond. The Bulls did not take the opportunity to build momentum when they had it after 11 420 and 11 350. Both times we just managed to stall into a slow "catch". Why? There can only be 2 reasons. 1) The bulls were too strong (they did not use volume - but could have done this via flashing on the order books) or 2) More...

Rule72 Updated 

My alarm did go off and so, it seems many people's but theirs went buzzing at 11 200. I did expect a bigger move - to 11 000 as it would most probably cause a good bounce. But the stalling where it did can only be explained by 1) a parallel channel with new extremities (green support and red resistance) or less likely - the purple support of a falling pattern...

Rule72 Updated 

I'm still not moving. Futures are open and we were around its close on spot markets for it. Volume is in need of a good spike and needs attention. My alarms would wake me up above 12 100 and below 11 350, so an interested spectator for now. Conclusion: Volume could explode and because we are in between decision points, chopping up of longs and shorts might just...

Rule72 Updated 

Showing Fib lines connected to my previous post. It is clear that BTCUSD is facing a hard resistance to cross, but looking at these levels, it seems clear that support is closer than resistance on average. The kind of situation where longer holds makes more sense than short term trades. Can we go down? Oh yes, we can but going up will have long legs and thus lots...

Rule72 Updated 

Lets ave a snooze

Rule72 Updated 

Seems as though this curve might be the one to watch. The previous conclusion still stands with a parallel channel being the resolution. Have tried to update before but seems I have still lots to learn in regards to what is okay and what is not. I love that BTC has slowed the decent so gradually, this indicates some buying. I had to revise the channel and see that...

Rule72 Updated 

Funny how 20 000 is at 1.618. Is this a lure? What's your thoughts?