HRoark64

HRoark64

No, I don't think it'll stay in the channel until the end of time. Those prices mean the geopolitical landscape is vastly different and we'll have monetary policy to accommodate. Try to separate price from value though. If 2020's prices are anywhere near indicative of purchasing power in terms of BTC, you'll be in good shape with just one. ONE! That's it. ...

HRoark64 Updated 

Evening everyone. Here’s a quick look at BTC from my chart. I picked neutral for my strategy but don't let it mislead you. I'm long my long-term position (who isn't?), but no active trades for now. 1) The downward trendline formed by the double tops from June & July is feeling some heat. A close above $11.9k breaks it and maybe the market can reestablish...

HRoark64

A Silver Opportunity Upon Us -Money printing in one form or another initiated around the bottom of the 2008 stock and RE market collapse -Silver, gold, and bitcoin printing couldn’t keep pace…because they don’t work like that -If you were in almost all USD at the time (like me), you didn’t get your slice of the free money pie and your retirement account took a...

HRoark64

Evening everyone. I’m trying something different for today’s post. Lots of emotion out there after BTC’s 40% correction and following consolidation. My last trade went well (posted in last idea) because I followed my heartless indicators instead of all the noise that was calling for another drop, revisiting old lows, or saying the bear market wasn’t over. If...

HRoark64 Updated 

Evening everyone. Sorry I’m late on this. I’m long XBTUSD, got in after the upward cross of the 5 RSI and price closed above the 50 SMA…as rx’d in previous ideas. My initial stop was at $10.7k, recently moved to $11k to break even on fees should it reverse. Daily and three day charts look pretty bullish to me after the RSI spent a few weeks under 50 and a...

HRoark64

Behold…more shilling for Litecoin. I picked up a copy of Chart Patterns After The Buy by Thomas Bulkowski a few weeks ago and I highly recommend it to anyone trading or investing on their own. It goes over 26 of the most prevalent chart patterns identified in thousands of charts researched and gives odds of which way they went. I spotted ‘The Big M’ pattern...

HRoark64

Anyone else see a giant cup & handle formation? Makes a lot of sense out of the bull run out of the bear market and the recent correction. But...it's always easy to find confirmation bias on charts. Comments and critiques more than welcomed below.

HRoark64

Morning everyone. In a previous idea I pointed out that LTC was several weeks ahead of BTC in the market recovery and that it kept that trend into the downturn. Looking at the daily chart I see several reasons to get bullish on it again in the near future. I was wrong on this last time but had my typical stop in place...no harm, no foul. From top to...

HRoark64

Morning everyone. Here we are in the midst of a correction that’s commonplace by historical standards and the ideas as to why we’re revisiting winter lows are rampant. The calls for $18k were just as loud a few weeks ago when the market was horrendously overbought. There’s a reason people stack up on the wrong side of the trade, FOMO in at the top, and...

HRoark64 Updated 

Ethereum Classic and its Wall Street cousin ETCG led BTC by a few weeks in the bull market and also corrected a couple weeks sooner. Seeing a higher low on the 5 RSI and dissipating downward momentum on the MACD with the averages looking like they’re about to cross leads me to believe ETC/ETCG will come out of the correction/consolidation ahead of BTC. Nothing...

HRoark64

LTC led the way out of the crypto winter and into the market correction. Let’s see if it can lead us out as well. -Price still well under the buy/sell line (50 MA) and trend continuation line (21 EMA) = bearish -5 RSI is hanging out around the mid-line…direction TBD = neutral -MACD histogram flattening out and getting close to a fast over slow EMA cross =...

HRoark64 Updated 

Happy Sunday crowd. I’m here to bug you about ETC again. Here we have a very promising project trading at 13% of its ATH. BTC already surpassed the 50% mark and LTC was close to that as well. Which one has more room to run in the near term? Don’t neglect these sleepers. I view this as a great HODLing buy at the current price. I’ll attach a weekly chart to...

HRoark64 Updated 

Hello everyone. Back from Vegas so back to the BTC game. I’ve pointed out in past ideas that the mid-line on the five period RSI has proven very accurate on higher time frames and I’ll point it out again here. BTC’s had four multi-day dips below the mid-line since the market headed higher earlier this year and each one was a great point get in with minimal...

HRoark64

Morning from Vegas everyone. The BTC market continues to range and consolidate with generally downward momentum. From top to bottom: -Daily candle downward trend line hasn’t broken = momentum is down -Price is under the 21 EMA, my trend following tool = momentum is down -Price bounced off the 50 MA, my buy/sell line = long term trend is still intact -5 RSI...

HRoark64 Updated 

Evening everyone. Here’s a quick recap of… Where we were: -16 day, 84% price increase…yay for BTC holders -6 day, 30% correction…boo for Lambo dealers. Two touches of the 61.8 fib retracement if I drew it right. Not a big fan of them but it sure is cool when those ratios provide structure. Makes hindsight even better!! Where we are: -Price is still above...

HRoark64

Here’s my plan to get some leverage on BTC’s price action through its exchange traded product from Grayscale. Not financial advice. Just rationalization that makes it easier to explain losses to my wife. -BTC lost 10% of its price and counting so far this weekend. Expect GBTC to gap down accordingly at Monday’s market open. -Notice corresponding prices at...

HRoark64

Ethereum Classic caught my attention when I discovered Graystone’s ETCG product a few weeks ago. I thought this chain was basically dead, but it looks like there’s quite a bit of work going on with the project. Read - finance.yahoo.com Still need to read up on the MET currency, but interoperability between chains to offload traffic from ETH seems like a great...

HRoark64 Updated 

The good: -Weekly trend won’t break without a close below $97.88. Not impossible, but there sure were a lot of buyers when the wick fell off a cliff. -Still above the 50 MA (my buy/sell line) -The first two big legs up were profitable and had a 30% pull back between them. This one is sitting at 28%...not irregular by any measure so far. -Both pull backs stopped...