TheTraderAndy

TheTraderAndy Updated 

Fractal from 2018 bottom, to scale. Local trend break, to next local macro trend break. This is the way.

TheTraderAndy Updated 

Here's my thesis.. Summer ends.. Diminishing Cycles.. Aka Diminishing bear markets..to the tune of 63.5% less.. based off previous bear phases which occurred directly after a 3D death cross.. 165 days of chop makes sense.. with a potential sweep of the lows once again.. and sprinkle in a 40% probability of a wick down to 12-14k .. Until then.. I think we...

TheTraderAndy Updated 

When analyzing the cryptocurrency market, it is important to consider the total market cap rather than just one coin, such as BTCUSD. Charting the TOTAL crypto cap provides a more comprehensive view of the overall market and allows for more accurate tracking of inflows and outflows. Based on the analysis of the 0.618 fib retracements for horizontal fib and fib...

TheTraderAndy

As you can see, nothing in this market is random. Fibs play a major role. TOTAL market cap is the best expression of this, all other charts are not as useful for analysis of where the overall market is going. I had to split this into 4 charts to illustrate how price is reacting off significant fib levels (38.2% and 61.8% mainly, but also the 127.2%) In chart 1...

TheTraderAndy

In the bigger picture, we are still heading up, we may see a week or two or more of corrective price action, as we have reacted off the 0.382 fib-speed fan as well as the 0.382 fib (nice confluence there), however, ultimately, I do think there's a good probability we rise this year into the 0.618 speed fan / 0.618 fib confluence. This also coincides with a bearish...

TheTraderAndy

Backfilled CME gap today. If we hold this level, and get back above ~29k, I could potentially see this elliot wave sequence form (roughly). Take out previous yearly open (46k) potentially running the macro 0.618 at around 48k, then a correction down to fill the lower CME gap / inefficiency around 20-21k. Would also form a H&S pattern

TheTraderAndy Updated 

Liking the price action on this coin. Interesting project too, hopefully they can execute. Seeing a lot of accumulation at these levels. This is a good buy-and-hold , but also a good trade. Goal is to enter now, take half off at the next fib level, and ride the rest, mostly for free, taking more profit if it reaches the nextlevel of around 56-57c,. I think this...

TheTraderAndy Updated 

I usually don't do TA on such new coins, but I'll post an idea. Bullish divergence on 1hr, potential 31% move to $1.55

TheTraderAndy Updated 

Thinking echo bubble top plays out similar to previous cycle.. No guarantees of course.. My upside target is 45-48k my may/july this year.. As you can see, fib speed fan 0.75, 0.618 horizontal fib, and 0.75 time based fib all intersect and mark the local top. The 0.5 is positioned where the bottom formed. The exact amount of time that it took from the 2017...

TheTraderAndy Updated 

Potential Inverse Head and Shoulders forming, Measured move would see 8.50 hit.

TheTraderAndy Updated 

Just another post reiterating the potential repeating cyclicality, and a run up to the area of confluence, the 78.6 fib + 0.75 speed fan. This would put Bitcoin @ 48-50k by May-June, followed by a 30-50% dip.

TheTraderAndy Updated 

Looks ready to run back to ~14.80, possibly higher depending on the push we see in BTC. I'd be cautious at 14.80, and extremely cautious at $21.20.. Shorter term.. I don't think this stock rallies to new highs until 2025.

TheTraderAndy Updated 

Everything is correlated until it isn't. Bitcoin will likely consolidate until October and make a move sooner than everyone is expecting. 9/10 twitter "traders" are all bearish.

TheTraderAndy Updated 

Monthly close was a bullish engulfing candle. I can see a scenario that plays out similar to the fractal on the chart. Obviously, won't be exactly the same, but this is what I am expecting to play out. NFA, I could be miserably wrong.

TheTraderAndy Updated 

Long from the 0.618 level. Good chance this falling wedge plays out, and rebounds for a push higher next month.

TheTraderAndy Updated 

This is what I'm expecting to play out. Short has just begun.. Target 6.72 Patience..

TheTraderAndy

Just another trade idea, I think this has a very good chance of playing out.

TheTraderAndy Updated 

Which fractal will play out? The blue is from the previous cycle, and the red is from the one before that, all post 3D death cross. I lean towards the blue fractal.. but not ruling out a re-test of the lows (17, 585)