SuperShibe

SuperShibe Updated 

If the triangle forms - it will likely break to the downside. Sell volume is still too high. Options for ETH are above. Open to comments.

SuperShibe

Interesting cycles......

SuperShibe

We have a nice wave structure here with a bull flag formation that if we break out of will take us to the $7K resistance. This would give us a 5-wave 4hr structure and bring us to a key decision point for the market with the close of BTC futures as well. If the bull flag fails and if we breakdown we will retest $6200 and need to consolidate again, else we will...

SuperShibe Updated 

ETH stopped its decent at the 1.414 extension level and just above the $150 resistance which is significant. Here are the current bullish indicators for the mother of ALTs. 1. Daily RSI divergence showing sellers losing momentum. 2. Daily TD 8 with hanging man candle + V bottom, we are looking for a 4 count to go aggressively long. 3. Record open shorts which...

SuperShibe

Pretty clear here - if BTC gets above $7.4K we will have over 13,000 BTC of shorts under water. Thats around 40% of open short interest - that is the worst its been since April. Lets see what the bulls can do. $6.9K and above should start forcing closes...

SuperShibe

Here is my view on BTC daily. Daily RSI is showing hidden bullish divergence if we make a higher low and lower low on RSI. Daily TD is a 9 but could go to a 13 meaning 4 more days of down which would be painful for BTC. If we fall apart the next logical stop at this point is the lower area. Suspect a period of range bound movements leading up to September "ETF...

SuperShibe

My hypothesis, lets see which way we go. My bet is down as there is too much supply. Such patterns much profit Target is lower support around $6-6.5K if this doesn't hold then capitulation....which we need!

SuperShibe

Building a short in the green box. Still no bullish movement in longs. Crypot funds waiting for $4.8K. Will update

SuperShibe

As per the arrow

SuperShibe

Squeeze incoming

SuperShibe

Long to $7.7K Trendline break close long. Reload at the end of the month long.

SuperShibe

Just an idea, formulate your own trades. 4hr MACD cross, daily bullish divergence, oh and $300M of Tethers. Weekend wash up?

SuperShibe

Long/Short Ratio - Pretty self explanatory

SuperShibe

IOTA has just broken out of its recent consolidation. There are three TP levels for this trade are in alignment with the fib extensions. Stop at $2.80

SuperShibe Updated 

ETH has moved up and out of its consolidation under the $315 resistance zone. The impulse of this move up cleared the bear mitigation block at $320 and freed up liquidity for volume to open up - which it has. However, there is a complex resistance pattern that need to be worked through, patience is key here and wait for a nice deep pullback or breakout and close...

SuperShibe Updated 

Will update trading strategy as this evolves. Currently spot at $257 for 50% of fiat, awaiting $245-250 or higher low. Margin trading for ETH when reversal confirmed. Trade with stops!!!

SuperShibe Updated 

Observing this pattern to see how it develops - too much current uncertainty to make a trade. There does appear to be a bearish garltley - that I have not charted - formed. Completion of this pattern would take us to the buy target and bullish mitigation block. I will update in due course.

SuperShibe Updated 

Patience for the 5th wave to finish is needed. Trade with care - this trend will chop you out. Wait good buying opps at the bottom - buy when maximum fear present.