rookpaal

rookpaal

What if Binance Smart Chain is not the new paradigm we were all hoping it would be? ETH should step back into the limelight. Let's check back on this chart in a few weeks...

rookpaal

Yea nothing to say really, it's written in the stars

rookpaal Updated 

Bitcoin pulled a huge rally for the past six weeks and squeezed alts hard. They usually come back, and they will this time around. Missed the Bitcoin rally and feel left out? Long here or hope for a violent Bitcoin dump and then load up for ultimate R:R. Set and forget, timeframe: ~3 weeks

rookpaal

There are many similarities between 2019's Tezos and 2015's Ethereum: - their relative market cap with respect to BTC and crypto in general is approximately equal. - they both were maybe the flagship ICO of their time. - as far as I can recall, the sentiment regarding the projects is about the same. - fundamentally, the projects are strong and seem to 'deserve' a...

rookpaal Updated 

We observe a consolidation period of over a few months. We construct a hypothetical portfolio of 1 Bitcoin, spread over 10 assets, to judge the relative strength of the altcoinmarket, since January 1st 2019. Considering we generally want to trade with the overall flows, we refer back to this chart in the following months to judge where we are in the bigger...

rookpaal

Here we compare the December 2017/January2018 Top in Bitcoin with the Inverse of the recent Bitcoin Price Action. I drew out some similarities and pointed out one key difference which is the depth of the first retrace after topping out. This could be a key difference, or simply a difference due to the amount of hype. If these similarities keep appearing, we can...

rookpaal

will require as many trend riders to be kicked out as possible. Get in below 0.50, ride to 1.00+ Stop out below 0.35-0.40 and/or scratch the trade altogether in case of general market shift

rookpaal

Comparing the post-bubble territory of the 2013 run with the most recent one, we see some surprising similarities. Additionally, there seems to be that hint of the same sentiment in the air, where everybody believes we can all go back to making piles of money again. I recall however losing the majority of my stack from August 2014 onward, due to inexperience...

rookpaal Updated 

Trading is all about relative strength and confluence, which is perfectly illustrated in this set of charts. With these confluences in play, you can be allowed not to buy at the lowest price, but at the right price. i.e. when XMRBTC breaks 0.03 AND its relative strength is still good.

rookpaal Updated 

Coins that dump to shit on announcements usually take a couple of days to wash out all the disgruntled holders. Opportunistic dipbuyers slowly accumulate to often grab big quick returns when price reverses somewhere low. IF price gets to around 600-700 satoshis in a week from now, buy it in anticipation of a 50% move. Don't HODL here, R/R is shit

rookpaal

IF the bulls can stay in control, I'm expecting 12.5k area to be traded. As for the longterm, I do not think we will go to new ATH's from here, but the action around 12.5k level will provide clues when we get there. If we don't, better get those bear suits back on, because then I believe we could see 6k again. But first, for this idea to hold, I don't want to...

rookpaal

Just some voodoo for future reference, don't pay attention >:]]

rookpaal

I wouldn't, so why short the Bitcoin rally here? Anticipating 600-630$ BTCUSD, before even looking for a pause/retrace.

rookpaal

Ethereum saw a phenominal rise over the past two months, but to all good things do come an end eventually. Although Ethereum is a brilliant innovation from my point of view, all growth has its retraces, and Ethereum will get its fair share. We can see that the logarithmic price trend has finally breached yesterday, showing increasing sign of a trend that's been...

rookpaal

Just something I want to keep for the books. Raided stops upside and feels very heavy. And GBP has some short covering to do, so might see some action going into the end of the week. Don't mind the indicators too much lol

rookpaal

I couldn't help but ponder over the possibilities that another Bitcoin Rally is in the cards, especially with so many participants currently suffering the "This is a fool's Rally"-Syndrome. A trading opinion usually has to be contrarian to most in order to work. So here's an alternative view of how I'm currently looking at the longterm structure. As we can see...

rookpaal

Aligns well with DXY Orderblock on the 1h as well

rookpaal

As I am viewing the market, we're now in a critical decision zone, as we're trading in the OTE longzone of previous 210-303 move. If this area holds, we're still in a recovering structure with higher lows. Additionally, a break of 315 will give us a new swing high as well. A definitive break and close above 300 is seen by many participant as decisive evidence...