rookpaal

rookpaal

My bias is shifting towards shorting the USD, looking at COT numbers, which are starting to show a shift towards other currencies like JPY and GBP. 3 targets in mind based on fibs, key S&R and measured moves. - 118.3 - 117.9 - 117.6

rookpaal

Highs look too clean, ready to be swept IMO Simple

rookpaal

3 reasons to have 263 as target for this run. -50% fib of 315-211 drop -1.618 extension of 222-248 move -Confluence in 3-drivers pattern We could go higher, but expect at least a solid bounce from these levels. Also, we could drop to as low as 233 and consolidate for a bit before making another run for it Breaking below 233 means all bets are off. GLGT

rookpaal

Explanation in the chart

rookpaal

This chart visualizes how I'm currently looking at the price development in Bitcoin It is more about visualising possible scenarios when the 207 or 223 level breaks. I expect volatility to come back very soon and one can better have a few scenarios at hand to avoid losing all control. My approach is to sit and wait in fiat and FOMO the shit out of any large...

rookpaal

Indices rallied at an insane pace when the RUB retraced. This retrace however is allegedly caused by a partial halt in USDRUB trading and forced liquidation of retail traders position in this pair. Therefore, I think this runup will not be sustained setting us up for a great R:R trade

rookpaal

Although there arent barely any BTC traded in Rubles, the trendlines are too pretty and fitting to ignore. It's all too perfect...

rookpaal

Well, again we're playing a bounce. It seems that we just took a decision at a crucial crossroads when we broke the triangle at the big red cross. However, my idea is that the real decision is yet to come as we have to watch carefully how the bounce will play out. Also mind that there's signs of the USD markets topping out, meaning that BTC and commodities in...

rookpaal

After seeing an explosive 1% move downwards after testing the upside of the rising wedge, along with ca. 18-month highs we're looking for a short to capitalize on a definitive reversal. Although this reversal cannot be confirmed for sure yet, getting in early could prove very profitable. SL set 10 pips above the wick of a few hours back. TP set at the 162%...

rookpaal

Trying to apply a little OTE combined with Key Support and Resistance levels. IF the price can reach back to the 62-76% Fib around 1.2455, the odds are in our favour to see a break of July 2012's low, considering ongoing downward momentum. Also, a move to June 2010 low from the July 2012 would be of exactly the same magnitude of the 1.2530-1.2286 move,...

rookpaal

In the case that this pattern completes, we should see a solid ~12-13% rally in the coming days.

rookpaal

Let us start by taking a deep breath after a very interesting week considering Bitcoins price action with two major trendlines being tested. It should be strictly noted that the 11-month downtrend is still in play, which a lot of participants seem to forget because they are using linear trends, which I think is inappropriate in markets with such large movements...

rookpaal

With the price now hovering near its lows since fall 2010 it would make a perfect entry point to play a bounce. The fact that the last high didnt reach the longterm supply zone does not justify a freefall without major retraces. Only 3 out of the past 21 weeks gave gains, with the drop now being in its 8th consecutive week. 3 Reasons for opening a long...

rookpaal

Depending on the MACD Crossing, we could see at least a mini rally up to the 0.5 Fib line. With a tight stop this could make a very decent RR trade. 1. RSI Bullish Divergence 2. Potential MACD Cross 3. Retest Ichimoku Cloud Drawing a line parallel to the support line could even be the definition of a new channel. Leading to the chosen TP point. Stoploss will...