Sir-Kameleon

Sir-Kameleon

This should be quite interesting today. Personally I am looking for more upward movement. But the volatility factor is always present. Options Earnings Fud Elections In the book " Trading in the zone." "If you think you should then you should." Trust your insticts,and take profits. Be well, be happy.

Sir-Kameleon

There are some lower SMA targets in play if this 65,900 area does not hold. The Dollar is causing chaos in other markets like Japan and it is having real effects into crypto The US elections are coming up very soon and the big money is looking to make moves. Lots of volatility still to come with Fridays options expiring. Stay vigilant my friends.

Sir-Kameleon

There is a Batman, ( double top ), Head and shoulders pattern developing nicely on the 6 hr chart. I am looking for a further pull back to fill in the cape of batman or the arms of the head and shoulders. Not much stands in the way of the pull back once the 40 sma is defeated. Trade with a plan, Stick to the plan, Get a plan if you don't have one.

Sir-Kameleon

IF, BTC breaks and closes below the smaller circle, the trip down to the Low 60K area will a mine field. The bears are looking to feast if this happens.

Sir-Kameleon

I was going to talk about the 3hr and 9 hr chart collision in the blue box. Making note if BTC can hold this area a push higher is looking good. BTC had other ideas. So, at the time of creating this Idea 11 am eastern UTC4, The Circle is the area to keep an eye on .. it has 2 powerful convergences. This 1 hour chart has the support at the 200 / 233 SMA's. The...

Sir-Kameleon

I am starting to wonder if this is setting up the bulls for a nice ATH ( All Time High) chatter trap. We need a catalyst for the movement. The crypto world does not move like it used to prior to the ETF's and Mega Whales( Black Rock) playing in our sand box. So I feel we are in for a trap if you are banking on those ATH's. I hope I am right on the short side...

Sir-Kameleon

I was looking forward to Coti showing some nice movement upwards on the 3 hr to get above the 200/233 sma.. It did not even come close to threatening its level. I am beyond disappointed Coti especially with BTC breaking out and giving some back but still showing higher highs. So back to the 12 chart and needing to get above the 0.382 fib and 40 sma to even...

Sir-Kameleon

Just sharing where I see some resistance and exciting movement if it breaks those points. Btc is helping nicely with its nice move up so far today. Good luck and Happy trading

Sir-Kameleon

Just a simple SMA play for longs and shorts. Stick to your plan, and if you don't have a trading plan get one. I hope this helps. Happy trading.

Sir-Kameleon Updated 

The Good and Bad 1. The pull back can be deep -40% down to the 40K range ... Extreme i know but this is if History repeats with a chart. 2. I am looking for some patterns or catalysts for the blow off top action. It will take some serious pump to reach these higher numbers. 3. When it rockets 115 - 120K is the first resistance zone i see .. depending on the greed...

Sir-Kameleon

How I determine the price action. * tools... 1. SMA's ( simple moving averages) 5,10,15,20,40, section 1 50,75 section 2 200, 233 section 3 2. Fib's a. Trend fib b. Retracement fib 3. * Moon phase ( InSillico's 4 season) 4. BTC and news. I start with where is the price in relation to the 200 SMA on the...

Sir-Kameleon

Full disclosure i have some Chiliz in my portfolio. I see this as a very slow rise with lost of up and downs to shake out the out of position hands. I did not see the Rising wedge as the play until BTC pulled back after its hit of the first ATH on this run. The near term targets I see will be the 0.618 fib @ 0.19c The lower target down to the wedge bottom...

Sir-Kameleon

If this chart plays out.. WOW. I like what I am seeing even if BTC pulls back hard. INJ got on top of the pennant and appears to be holding trend. The 40SMA is in play for a bounce. I can easily see this filling the whole flag pole as long as the BTC - ETF buying continues. I would be looking for a new shape to form between the 1 fib. $58.90 area and 1.272...

Sir-Kameleon Updated 

We hit that 15 sma nicely with the 0.382 fib. Unfortunately it looks like we are rolling over and going to pull down. ** we could get a second bounce on that 15 sma, it has been consistent. The lower high was not surprising to me because of the weekend slower price action and BTC not making a move either way. Lets see what patterns show up and keep and eye on...

Sir-Kameleon Updated 

A. Bart Simpson? B. Very large Head n Shoulders? C. Bullish/ Bearish Flag? D. All of the Above? E. None of the Above? What do you see and believe will play out? * I changed the time frame from a 3 hr to a 12 hr .. I like seeing the bigger picture. I believe there is some downside to come before we go up to ATH. Will it be minor and tag the 40 sma and bounce up?...

Sir-Kameleon Updated 

The 200 sma is very significant resistance that finally broke over and stayed on top. The pattern that shows tends to hold at this point of contact. I can see APE getting to the 1.618 but get rejected at this top trend line. This trend line is from the ATH and has held every time tested. The 1.618 is a small window but is likely as the markets push up before the...

Sir-Kameleon Updated 

We are certainly in new territory. BTC is being pulled in both directions. History & TA ------------ ETF buying & FOMO My Crystal ball is at the shoppe for an upgrade, so I am unsure which has more weight. I believe both are very likely and add in the making history part, we are in for one hell of a ride. Stay vigilant my friends.

Sir-Kameleon Updated 

Not much has changed with this chart. We are working the pennants' range currently and watching that 200 sma. BTC will decide the fate of the direction. If the break out happens to the up side. Wow!, it looks really good. Keep the stops active and protect them profits. I cleaned up the chart some to help see the action better.