Interested_Bystander

Interested_Bystander

I’m giving up on the whole predict the market TA deal. I’m woefully inaccurate and I don’t see that improving anytime soon. I’m going to use these ideas as a diary of trading strategies and how well or poorly I implement them with paper trading. Currently I am trying the squeeze momentum strategy using the Lazy Bear indicator. I had a great four days where I...

Interested_Bystander

The 2018 downward trend has been broken to a small degree over the last couple of three days and support has been established around the 6750 mark. The break out of the last couple of hours is interesting and it’s pushed up to the previous support of around 7700. The self proclaimed ‘gods of TA’ say it’s going down to 4-5k. I’m guessing it might briefly dip...

Interested_Bystander Updated 

Still heading down within the channel, should reach a new low on the Sat 7th. Look for an upturn on Monday 9th and then a major low on the 13th perhaps this will be the dreaded sub 6k BTC this will mark the end of the Mercury retrograde influence and should be the beginning of an uptrend. But who really knows apart from the men with the Golden Slacks, MagicPoop...

Interested_Bystander Updated 

The downtrend continues unbroken from the beginning of the year with the exception of the first week of March the brown line marks support on this slide down. There is good support building at 8347 and I doubt whether it will drop much past 7500 for the foreseeable future. I don’t see anything much happening until mid April when everything should start trending up...

Interested_Bystander

Things are on the up momentarily, up 1K from yesterday (which is pretty standard in either direction for BTC) and the trend looks upward. If the top yellow line is broken this week I will be taking profit there up to the blue line, but I suspect there will be another big dump toward the end of the week and some smaller ones as people take profit from buying the...

Interested_Bystander

I've been following this site for a week or two and thought I'd throw my 2 COINBASE:BTCUSD into the ring. I put some red and blue lines on a chart and a brown one to indicate where resistance has become support. If support is broken then it could all keep going down below 8k but it looks as though things are trending up and I think it will bounce around inside...