We've reached the end of the trend I / we were all watching. It's beginning to break down. Well done to the bears who muted any rally during the consensus conference. - ALTs are bleeding out - ever LTC which has been super bullish. - Buy walls still present at $8k but I don't trust this. - There is enough TA to direct / confuse out there but I'm expecting drop...
Reading through a number of ideas but but I'm struggling to see the bullish market for BTC. I don't think it is particularly negative and I'd like to draw some ideas pointing up into space but i don't see the longer term indicators pointing in this direction or the upside for an investor when the wide market interest is not there just yet (Possibly more value in...
Well, I'm hearing that Mt Gox trustees have done it again (which is just the way this world works) but it does make TA redundant - hence me banging on about manipulation all the time. I noticed the news about the coin move a week or so ago, perhaps this added to my hesitation to invest. - Like many, I'm caution about buying the dip. I'm not a HODL'r and as a...
Just tweaked the timings. Initial bounce op hit low and high target back down to just shy of 9,020. I did not trade this following my 'log' debacle and the fact that the initial low was deeper than expected so decided to proceed with a little caution as I wait for a bit more that the trend will hold. - RSI looking negative but I'm now expecting (and added) a...
I'm currently short on trading time but working a few retracements - expecting a bounce from 9,025+ to 9,500 - Expectations are based on historical BTC major corrections and current RSI indicators. KEY Indicators - - Watching the Monthly RSI, BTC is still oversold so a major correction may still occur (sorry for the FUD but this data means I will not HODL until...
Re previous post - see link below. Just with more accurate timings of trend events. Seems to be following the trend down to the 15 minute level. - Trend suggests a series of efforts for the coming few days that will fail (like the one right now pushing to go over $9,100). Added a temporary red dotted line inline with some additional data I'm looking at. Best, HF
SWEAT THE PLATFORM Strategy scenario from the Market Maker Here is the BTC trend scenario for the next month. I realise that making this suggestion when we arat a knife edge is ($9,300) is a risk but it is always worth considered an alternative view other than MOON or CRASH! 3's the charm. The last 2x times I've highlighted this trend BTC has traced them very...
I've been trading with this pattern and has worked quite nicely with the exception missing the initial move yesterday as the pattern shifted slightly* and looked like it might drop. The low last night that partly stopped me out by a fraction of a percent :( The trend is from the end of Feb 2018 - The last major double top. It seems to be running at 2-3x speed. ...
The market is pumped so I suspect the dump but the liquidity here has already gone at 9,700 - Makes more sense to push for $11k (low level friction up to $10.5k).
Seems to be on track although I got worried a little last night! - Placing sell trades for the single bounce off the top. Expecting 2 touches then possible $11k+
Indicators at 4hr mark not looking positive. If we drop: Some retracement ops worth considering just about $8,450 nd $8,700 but I will keep it to one move. Not expecting to go below $8k, this shelves C for now
Each pump has been supported by large buy walls on big ALTs that I've been tracking e.g. NEO. These are not present as far as I can see at this crossing over into $9,500. In fact, similar size walls are now sitting just above the top price point perhaps to sell into retracement? I'm interested in how this one might play out. (It will probably go parabolic haha)
Well I'm glad I timed my selling better than previous runs, sticking to my target and binning remaining NEO at $80 and not FOMO into the additional $4 rise. BTC changed direction just north of target (BTC either goes higher than expected or lower as this is where the Market Maker wants to do their business!). Watching the action as a novice I noticed a few...
Target A is based on key resistance set in Dec, Feb and March (previous resistance was weak relatively and open to manipulation IMO). BTC touched perfectly as it has done in previous recoveries followed by a retracement. This is where I believe folks will sell and the retracement will commence. Watching closely to see if it will exceed and push through as...
Is anyone buying BTC anymore? Or is everyone in ALTs? Going through a few playbooks I'm expecting the following hours to play out to the upside. However, with many folks buying ALTs, perhaps BTC will struggle to go beyond $9,400. Where ALTs so prevalent in the last 'bubble'? Perhaps the FOMO will draw back investment from the folks who got in late last year but...
Well it's been an exciting few days and very interesting in terms of TA which has proven its weight in gold over the last week... 21 grams? I got a little caught up on the FOMO and mucked up a small trade - Binance refresh rate is appalling. Despite that, for a novice I have day traded the channel quite well (purple line) and expect this to hold up to point B,...
As a novice it is always nice to see when some of the great techniques I have learnt from this community pay off. School boy error though - I forgot to plan for what's next, what comes after this leading edge. I guess I'll take a cue from the market to see if we can break this resistance point and move into a bullish market. Many thanks TV community! HF -...
Many end on a double-top but mixed bag in regards to price - some go parabolic after breaking the downward line, others whimper across and beyond. If BTC makes it in the coming few days its impossible to say what it might do but perhaps this will be a gradual rise as this crash is not related to any noteworthy event (e.g. Mt Gox) and the FOMO will take time to...