Trader kdboy — Trading Ideas & Charts

, 1D

kdboy Updated

A big bullish candle is forming similar to some of the candles formed at the end of October. MACD pattern on the daily chart looks eerily similar to what happened in Sept-Oct2017, it is just magnified 5X . I seriously don't believe that IOTA is worth only $1/MIOTA but the market has been so punishing since December. Look for patterns similar to the ones in October...

2 Extreme Cases - Going to 3 or the mini C

BTCUSD

, 1W

kdboy

Although I do not believe either of these will play out , but it felt good to try to figure out where we could be heading in the long term. Tracking daily/hourly movements has been a bit of a drag lately so this gives me a sense of calmness since I can imagine the best the worst case scenarios over the next 2 years. Happy trading ! PS : I have no holdings in...

A shot in the dark for predicting the bottom

BTCUSD

, 240

kdboy Updated

Taking a potshot at predicting the bottom. Fibonacci extension of previous bottom at 10.7K on 22nd Dec says 5039 . First Trendline says ~5621, second trendline says ~3600-3700 . Watch for strongest ever Green volume bars in 4H/3H/1D charts to confirm investor interest.

Let's think something outrageous

IOTUSD

, 240

kdboy Updated

Once IOTA hits the bottom of the channel in the second half of Feb in the log chart ( between $1 to 1.5) , three things could happen 1) It crashes through the bottom : Very likely ( 50% chance) given the current state of things . Get out of your trade positions , hold the long term positions 2) Crawls up the bottom of the channel for a few months : (45%...

NSE India looks poised for 12.5K

NIFTY

, W

Long

kdboy Updated

Look at the peaks - Jan 2000, then Jan 2004, then Jan 2008. The next one came an year early in 4Q10 but the one after that again in 4 years - Jan 2015. The next peak at Jan2019 looks feasible. The chart has just crossed the 1.61 fibonacci extension with a strong green candle . Whenever it crosses a fibonacci level with a strong green candle - it is poised to go...

BSE India 44K possible

NVY0

, W

Long

kdboy

Bottom Identification made easy for Noobs and small fish

BTCUSD

, 240

kdboy Updated

Unless I see a tall green sprout on the 4H/1D charts I am not listening to any experts about bottom formation.

Next Stops - 10K - 8K -5K

BTCUSD

, 60

Short

kdboy Updated

Bitcoin has fallen through its major support at 12K. Next base formation could be at 10K or 8K

Qtum shows a spark

QTUMUSD

, 180

Long

kdboy Updated

Just started up reading on Qtum. It is 1) An ethereum based solution 2) Suitable for Internet of Things - competitor of IOTA 3) Supposedly combines features of both Bitcoin and Ethereum , is expected to be quantum computing resistant-not sure. 4) Seems to have VC backing and indusrty/academia partnerships. 5) Fixed supply of 100mn , 73Mn circulating 6) A...

Target 25 Bn MCap, Top 5 spot

IOTUSD

, 60

Long

kdboy Updated

It's a sad week for the crypto world as we realize that exchanges will take on the role of traditional banks in restricting people access to crypto currencies. They can halt buying, withdrawals, account registrations etc at will without being challenged by anyone. This strangling of influx of news funds is what is restricting price growth in the overall crypto...

Decision Point Coming

IOTUSD

, 15

Long

kdboy Updated

IOTA has been performing a series of houdini acts to break out of one down channel but entering another by moving horizontally. In 36 hours there will be no room left. On the downside there are key support levels at 4.0, 3.8, 3.6 , 3.0 and 2.5. The upside potential is unlimited.

Confirm break out before taking new long positions

IOTUSD

, 30

kdboy Updated

$4.0 seems to have held yesterday . But we are not out of the woods yet. Watch for a break out from the top wedge line. It has to be a strong uncontested series of green candles. Else it might start falling again to expand the wedge. In that case the next buy in could be around 2.8-3.0 mark