SeekTruthNotComfort

SeekTruthNotComfort Updated 

Little fakeout to the downside before bullish continuation? Corn found support again at the accumulation low. Nothing has changed yet from any of my previous ideas. I'm awaiting the 4 hour close before I 1) add to my existing short or 2) take a long position. Decision is dependent upon whether or not the 4 hour closes above or below the accumulation low. I have a...

SeekTruthNotComfort Updated 

Focus on the green wedge formation. Potential grind to the top of this wedge formation before the drop. 9330 is looking really nice. If corn breaks and closes above that high accumulation area zone of 9338 on a 4 hour chart, I would expect the 9675 area to be achieved. Nothing has changed thus far.

SeekTruthNotComfort

As I've stated in previous posts, we're in accumulation for bitcoin. I just noticed something in the chart that I think is very interesting. Looking at the weekly chart we see a potential double doji pattern. Double doji is seen as a state of extreme indecision in the market. The best way to trade a double doji pattern is to zoom in on lower timeframes to identify...

SeekTruthNotComfort Updated 

XBT broke the low deviation area of the accumulation range and bounced off the monthly support earlier than anticipated. If XBT daily closes above $9k, it remains in a state of accumulation. Will long the support upon daily closure if this is the case. If unable to maintain $9k, shorting.

SeekTruthNotComfort

Next stop 8109? Highly probable. As mentioned in a previous idea, I still think there will be a retest around 9300 area before this plays out. But it is clear that bitcoin has broken and closed under the value area which suggests a test of the low range deviation around 8109. I do not expect a bounce but will keep a close eye on price action if/when we get there.

SeekTruthNotComfort

Since price was able to close inside of the accumulation low (4hr), target remains accumulation high which is around 9335. Neckline has been broken of the Adam and Eve pattern. A retest of the neckline is consistent with a test of the accumulation high. Will ladder shorts in this vicinity. Measured move places bitcoin's target price around 7850 but I am...

SeekTruthNotComfort

First public post, hope you enjoy! My trading style relies heavily on volume so my current position is long. This is based on, what appears to be accumulation over the last 2 days. I've provided vertical lines to identify up/down fractals on the volume profile. My target is the 50 EMA and approximately 9650 area. I believe this will entice heavy hands to short the...