chillcrypto

chillcrypto

We've been at this level before, but Ethereum is confirming both an upward channel. This weekend ETH moved through an area of resistance, but will need to confirm as support in order to move higher. If Bitcoin pulls back, then my expectation is that Ethereum will test the lower trend-line at around 2200. Assuming Bitcoin isn't yet ready to push higher this is a...

chillcrypto

Ethereum has been contained within a downward trendline since the May correction. Ethereum has previously been in the 2850 range and that will come quickly if the break above the downward trendline holds as support. The on-chain metrics seem to support a rising floor and this appears to be the point where we begin working on the upward channel. Looking back,...

chillcrypto Updated 

I know, the much maligned Bitcoin Cash... But what a great example of manipulation. If you are not risk adverse, possible opportunity. Not at all financial advise.

chillcrypto

This is impressive. As they say, the best time to get in is when everyone else is getting out. This may shape out to be a massive opportunity, or a boondoggle. Obviously, For what it's worth...

chillcrypto Updated 

This is another example of how I am using an interaction between a 21-period EMA and TradingViews' Triple EMA (TEMA) to identify trending direction. I have my chart set at 3-day as that is about how long it takes to settle those investments. Unless we have a reversal soon and subsequent move to the downside as with last year, we are headed towards a crossover...

chillcrypto Updated 

This is how I'm using the 21-period EMA (red line) and TradingView's Triple EMA (TEMA) in blue on the 3-day chart (this is the time my GBTC trade takes to 'settle' so keeps me in or out of the trade the longest. I am also viewing volume up/down/trending and the CCI level - both for context. On the first view, this is drawing out a 21-period EMA (red) using the...

chillcrypto Updated 

It is clear that Cathie Wood believes that GBTC shares will be higher than $24/share in the future, however IMHO Cathie did not add as much position as the prior low. Had she more conviction she would have accumulated even more... In full disclosure, I DCA'd GBTC in relatively small amounts on Monday and Tuesday - and it seems that Cathie did as well (this and...

chillcrypto Updated 

We saw a gap up today, reminds me of the good old days. :-) We have broken out of above a months-old downtrend channel and above the 20-period EMA. We should wait for confirmation. With this sideways action, if you are clawing back in your portfolio, you can consider short-term profit taking or adding to your position when we re-test. The biggest vulnerability...

chillcrypto Updated 

It is fairly easy to see we are in a convergence of a short-term upward trendline, mid-term downward channel and long-timeframe horizontal resistance (that previously acted as support). This is going to make it very hard to push upward out of, but if we do, then our next hurdle we have is in the 40-42k area. If we don't we will re-test our prior low. This is a...

chillcrypto Updated 

Interesting times. No matter what anyone tells you, all markets are intertwined. If the anxiety about the equity markets comes to fruition - crypto will follow (as it did in March 2020). Will my hedge fund SDOW or Silver continue up? Or will the market fake-out to the upside. We'll see! On May 19 we tested a level of support we confirmed on Jan 27. From May 19...

chillcrypto Updated 

Not financial advice! FWIW! Last time we had this pattern I made a decent profit when we confirmed our support level and pushed back up - the same pattern appears to be emerging here. I was able to turn that around back into this swing and increase my HODL'ings. Or it could be a fake-out? Will there be enough buying at just under 35k? Trade safely!

chillcrypto Updated 

We've had two very large spikes in positive volume recently, someone(s) obviously accumulating at what they believe to be a bottom. After double-bottom around 34,650 we pushed through the first area of resistance and regained an upward channel and just under an upper area of resistance. The lower upward trendline and area of resistance we pushed through seems...

chillcrypto Updated 

I know, I know, Conrad you've got it all wrong... we are going to zero... all schools of analysis point to a downtrend... I say, fine, you are probably smarter than I am. But if you use standard charting tools you can draw out an upward channel that we are attempting to hold here in the short term. I'm just pointing this out. I've used the following chart to put...

chillcrypto

WARNING: Complete and utter speculation based on unfounded assumptions! Not financial advice. SDOW has been pushed down into the dirt by the Dow Bull(ies). Are we getting ready to turn around, trip the gloating bully and run for profit? I've been ridiculed in the past for doing so. But today at least I am in the green. I've put a hedge on SDOW, made a percent...

chillcrypto

FWIW, this is not financial advice - it is a dubious idea at best. I'm looking to 'chew back' some lost profit by very small simple trading on the larger altcoins that pose a second opportunity for traders than just price alone. I have drawn out some simple upward trendlines and an area of resistance that will be difficult to cross. Algorand bounced off an...

chillcrypto Updated 

The long upward trend line from 23-December is still acting as a support line for Ethereum. We've broken this a few times but quickly regained that line as we move along into a consolidating triangle pattern. I know that the winds are not in favor of Ethereum over the next few months (Bitcoin dominance, downward trend, upper resistance bands). Some of my earlier...

chillcrypto Updated 

Ethereum is pushing up strongly again into an area of resistance that will likely mark the top here as .0775 seems to be a prior retracement level. Is Ethereum FUD coming? And will traders pivot back to Bitcoin?

chillcrypto Updated 

Just testing here to see whether we can reliably jump out of and back into Bitcoin with specific trades. I've selected 3h timeframe here because it overlooks volatility and appears to be more predictable with respect to trends. In this scenario, once ADA / BTC broke a downward 3h channel, nearly 12.5% upside was realized. I've set up a specific BTC pair watchlist...