SteadyCompound

SteadyCompound

analysis - price is still relatively "high" at +50k range but consolidation is prolonged hence all STF technical are all ready under water turning bearish - only weekly now at the touch for EMA, which can be a support for a bounce i.e it either bounce here for relieve, otherwise if broken, that's one of the worst scenario. so decision point is near, with...

SteadyCompound

BTC, ETH showed the largest down move yesterday since 2022. This is also the deepest correction so far since 2022. Though market rebounced to regain the bullish set up. Market sentiment changed day by day from fear to greed very quickly. I scratched my earlier BTC bought at 58850 at a small lost at 57850. I look to reposition myself into sub 55k when mkt is...

SteadyCompound Updated 

3 scenarios for 1. (Up case) Up then Correction - BTC can touch 40k (some technical shows that btc full reach for this wave is 48k, but I think it’s too stretch, especially now the approval window is behind us). After reaching this upper level, correction is due to happen - BTC cycle also suggest that 28th Nov should be the peak for this current wave 2....

SteadyCompound

As said in last week newsletter, BTC is developing in scenario 2 as expected. At this moment, an up move is expected soon For me, ETH and BNB are a high probability trades with break out seem to be likely (too bad mkt recovered in 24h after CZ news) I’ll buy in December according to my DCA plan (25% before ETF news / 25% after ETH / 25% before halving /...

SteadyCompound Updated 

UPDATED SHORT ENTRY for 3.5 R/R 1/2 at 36.8 stop at +38 (active after Powell talk to avoid stop out by tails) target remain as previous post 32.8 and 31+ Will watching for another 1/2 position

SteadyCompound

#4 Newsletter: Week 12.11.23 - 19.11.23 Updated Fibonacci level to recent top 3800 1. Signs of Bearish Divergence on RSI, MACD 2. $38k was the price when LUNA collapse so expected decent stop-loss, profit-taking here Trade Ideas 1. Short above $37.5 at ½ size (no auto stop – we manage accordingly under $40) 2. Always target 0.382 or 0.5 Fibonacci level under...

SteadyCompound Updated 

• Updated Fibonacci level to recent top 35984 1. RSI Bear Divergence appeared on Daily time frame 2. MACD Bear Divergence also showed up on Daily time frame, currently print the first red hologram after about 20-days green. Compared to July-Aug price action, BTC may still test a higher range but a short above mid-35k is ideal 3. MACD Bear Divergence appeared....

SteadyCompound Updated 

A short as high above $34k as possible i.e. +34.4 (stop above last high $35k, target above FWB:31K for about 2:1 R/R, rolling the dice at 50/50 chance hit rate) may be worth it as an early punt that I see myself would do in 2017 However Daily RSI is still in overbought (81.8 over 76.26), not yet showing divergence and can be overextended for as long as 20...

SteadyCompound

1.Halving event has always triggered the bull run. The parabolic move happened about 2-3 months after the halving date 2. A more detailed look into halving phases can be found here in my friend Kinoko Halving Chart. Based on the price moment and the timeline, I believe that we are in Anticipation phase (6 months prior to the Halving date) 3.What different this...

SteadyCompound Updated 

Welcome to SteadyCompound 1st Newsletter, A few notes about my approach to nowadays trading - I am a retired trader (2008-2018). I day-traded high frequency time-frame across Stock (2008), Bond Futures (2010), Forex / Gold (2012), Commodity e.g. Brent, Gas (2015) and Crypto (2017) - I turned start-up cofounder (2020) and recently gained financial freedom (2023),...

SteadyCompound

Welcome to SteadyCompound 1st Newsletter, A few notes about my approach to nowadays trading - I am a retired trader (2008-2018). I day-traded high frequency time-frame across Stock (2008), Bond Futures (2010), Forex / Gold (2012), Commodity e.g. Brent, Gas (2015) and Crypto (2017) - I turned start-up cofounder (2020) and recently gained financial freedom...