algocowboy2030

algocowboy2030

BTC may be on it's way down. The bulls who would have been buying for ETF hype have already FOMO'd and been sold into. The FUD Winklevoss ETF announcement cooled down the market right as we met the 200 period EMA and the .382 fib level from the last run upward. Unless there is some kind of news event that causes people to FOMO, we may have seen the end of...

algocowboy2030

BTC seems to have established a downward channel which will likely be the high and low limits for the momentum ignition algorithm (BART HEADS). An ETF related news event may cause BTC to Swing in either direction as per the chart.

algocowboy2030

Ideal entry was at the bottom of the yellow ascending trend line. I usually keep my stop loss 3 to 5% trailing when in profit I will wait to enter until we have passed the first resistance around .061 or so. ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be...

algocowboy2030

We usually see a slam down just before and during the CME futures closing. We saw some fud today that took advantage of uneducated investors and caused a heavy price drop. This time around, the word is that the CME was a bit more long than usual. That being the case, we could see (and probably saw over the last week or so) a push back upward to cover those...

algocowboy2030

BTC was just rejected at 7700 in what was very likely a stop hunt. I have had BTC in a no trade zone for over 24 hrs. Much of the market is optimistic likely due to possible ETF as well as institutional investors indicating an interest in trading BTC. I am concerned that the 8/10 ETF announcement may be negative or delayed. This can be delayed technically...

algocowboy2030

BTC is likely to have a bullish period for a few more weeks and then reject around the 7100 range before descending toward 5K and perhaps spending a very short time below 5K. The magenta arrows point to what would be a less likly bearish breakout if the 7100 range is pierced. What does give this scenario some probability is the possible ETF announcement slotted...

algocowboy2030

ATNX may be a tad over extended for now and will likely retrace to it's 18.50 or high 17's support area. May look for a buy in here. ANTX recently named Timothy Cook as senior vice president of global commercial oncology. This is recent add to an all star team in the oncology pharma space. I see a bright future for this asset. ***Any information represented...

algocowboy2030

NULS UPDATE: 1 HR Chart: Nuls travelling in an upward channel likely in a correction leg. I will look for a buy at the bottom of the channel as long as I can confirm a bounce and continued bullishness.

algocowboy2030

BTC UPDATE: Daily Chart: BTC showing some bullishness on the long chart. The chart below shows a confluence zone where the descending (bearish) trendlines established in December/January and again in february converge wih the much longer term ascending trend line. The lower ascending trendline can be a bit subjective as a new low would simply move it down, so...

algocowboy2030

NEO UPDATE Daily Chart: NEO has shown strength, and is heading for a resistance based confluence zone between 7K and 7400 SATS. I would be setting my sells around 7K or using a 5% or less trailing stop loss to ensure profits if I were in NEO at this point. ***Any information represented here is my opinion only and not intended to be used for financial gain. ...

algocowboy2030

VEN could be either in a high and tight triangular bull flag or perhaps a more downward facing flag If we can bounce off of the triangular flag channel bottom, we could have an opportunity for a buy in and a scalp. Until then we could see a fall through support. ***Any information represented here is my opinion only and not intended to be used for financial...

algocowboy2030

BNB seems to be following an Elliot wave correction with an extended C wave. I called BNB around 16K Sats and rode it up to roughly 25.5K sats. Great run for profit. However, we do see a EW correction down to the cloud on the daily chart. I would normally end the C wave earlier, but the 3 black crows make me think we will see a deeper retracement. I would...

algocowboy2030

USD is seeing strength due to recent interest rake hike and 2 more planned hikes this year. JPY is seeing some weakness due to Trump's threats of Trade War. As today is over and tomorrow is the 4th, we may see a further downslide as reports have the USD being strong into the holiday. If Trump softens his stance, we may see some strength return to JPY. None of...

algocowboy2030

BTC UPDATE: Daily Chart: The following chart is based on Market Structure, Ichimoku indicator and supports/resistances. My most likely path is the solid yellow line. The dotted lines are potential tangent runs with what I feel are lower probabilities. We are seeing what could be the beginning of a relief leg (bullish leg during a bearish market) for BTC. We...

algocowboy2030

ETH looking very strong adopting a new ascending trendline since April 2018. We are seeing a speeding up of consolidation and a bullish overall market should cause a run as per the chart. Possible and probable paths are outlined in the chart.

algocowboy2030

ETH/USD UPDATE: Daily Chart: ETH/USD has continued to respect the longer term ascending trend line as well as respecting a newer, more aggressive upward trend since April. This is condensing the consolidation which I feel is overall bullish. BTC movements will certainly affect ETH price in shorter term. A severe BTC drop would likey pull us downward at least...

algocowboy2030

Today's dip has tested the 6000 psychological support. The longer chats are showing signs of more blood to come for the next few days. We have a strong, historical support around 5800 which will likely be tested over the next few days, possibly resulting in another small, intermittent bear flag which may go up 100 to 200 sats before we see another drop. Mid...

algocowboy2030

Bearish and bullish scenario, here. Longer (higher) timeframes have a case for a bullish bounce and run to 8000 as well as a fall to mid 4000's in the mid term.