zwartetulp

zwartetulp

TRX showed its resilience for maintaining its price within the consolidation channel despite the heavy bearish price action (Moby Dick) of yesterday. The following view still stands.

zwartetulp

TRXUSD consolidation channel = 0.036 to 0.041. TRXBTC consolidation channel = 0.00000565 to 0.00000605. If TRXUSD and TRXBTC can maintain their momentum, they could test 0.042 to 0.046 and 0.00000606 to 0.00000619 respectively. As long as BTCUSD doesn't slide, TRXUSD should at least maintain its current position if not better. G/P/S is the key here: - Greed...

zwartetulp

New support zone for BTCUSD @ 6800. If the support breaks, new support @ 6400 ( see ). BTCUSD is clearly bearish but the immediate trend could go either way. I can see a sea of whales. Never underestimate the ability for a bear to turn into a bull and the other way around. One wave at a time. DON'T APPLY ANYTHING I WRITE.

zwartetulp

I won’t go into the details of how to select the right indicators, as this is beyond the scope of my ideas. I am more inclined to show how we should apply different machine learning models over a data set to determine possible trends. Linear regression has a good degree of precision, especially when backed up by other models to support or to dismiss a trend. The...

zwartetulp

Longs > Shorts = Net long position (but this is not a full net long market) 2 conditions for net long in bearish market = Sustained buying + Flow of new monies If those conditions are not met the risk > reward = cut loss liquidation, especially considering old longs > new longs. The old longs will want to cut their losses or break even, so they will exit faster...

zwartetulp

Next stop for BTC is 6400 and 360 for ETH. The market is still bearish with intraday bulltraps being set. BTC dominance is almost 45%. I would short or liquidate my toxic assets if I held any. DO NOT FOLLOW ANY OF MY ADVICES.

zwartetulp

At this point everything is self explanatory. One could always long but there is no reason for a pattern reversal at the moment. The financiers are having fun with your monies. This market is very immature and it is an easy target for the seasoned jugglers and for a certain class of algorithm. NEVER LISTEN TO ME.

zwartetulp

Please refer to my previous chart. It is self explanatory. You can apply that to ETH, LTC, NEO, etc., as their trends are pegged to BTC with limited intraday deviations. WINTER HAS COME. DON'T TRUST ME.

zwartetulp

Heavy resistance met at 8200 and downtrend to 7600 confirmed with a backward trend confirmation. You might see BTCcross the 8100 line due to low volumes or a battle of bots. Anything above that is a good entry price for short selling if your exit point is 7600. The key here is to be patient. Today's bears are tomorrow's bulls. Sometimes, sitting behind your...

zwartetulp

BTC tested 8200 but couldn't go above but also met some resistance at 7800. It can go either way. We have seen that scenario many times before the last few days, notwithstanding, every time the ceiling can't be broken the floor is usually hit with force. Call it momentum gravity and right now it is bearish. Short to 7600 then wait for the next indicators,...

zwartetulp

Many of you are expecting a big surge but the bleeding is not over. BTC took out the support at 8200 and will probably retest the previous low (6400). I don't recommend opening a long position before that. DON'T FOLLOW MY ADVICE.