traderintrainin

traderintrainin Updated 

Some of the highs and lows of the 4 hour time frame match up nicely to a decending pitchfork from the October 20th highs. If we break out of the pitchfork on the upside I would consider and end to the downward trend.

traderintrainin

The Ndau all time high was around $42 but it was short lived, there was a large sell off. Since the sell off any sellers sending to the exchange had to pay large stablilzation incentive burns reducing the overall supply of ndau. Further once they send the ndau from their wallet, those ndau no longer participate in the ecosystem alignment incentive so there is...

traderintrainin

I remain a bear until we break the 200 day moving average.

traderintrainin

I'm new to the indicator but it backtests fairly well, if you line up a vertical line to the arrows it lines up with the chart. We are still oversold on higher timeframes but overbought on the one hour. Entered 48,575, SL 49,500, TP 46,500.

traderintrainin

We hit the top of our descending channel fast, see my previous post, the we where rejected at the top of the channel resistance. The most probable outcome is down with a possible Bart which bitcoin loves to do.

traderintrainin

We are at the top of the descending channel after a huge runup, probability favors the bears today.

traderintrainin

We have been performing a large decending triangle that is likely to break down over the next day or so.

traderintrainin

Three bull flags over the past few days have broken down creating what people are calling the Bart Simpson haircut. This seams like whales manipulating the price, crushing leverage positions to bring liquidations. The next time we have a bull flag don't expect it to act like a bull flag should but also don't expect the recent history of Bart Simpson haircuts to...