Disclaimer:If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Sawcruhteez Strategies: | | |
Consensio: Bullish
Patterns: Parabola | Bull channel breakthrough Horizontals: R: $11,200 & $11,500 | S: $10,500 Parbola: Parabolic SAR: D: $8,882 | 4h: $11,107 Futures Curve: Contango with 6.19% spread Funding Rates: Longs pay 0.1562% BTCUSDSHORTS: Middle of the range TD’ Sequential: W G2 > G1 | D: G3 > G2 Ichimoku Cloud: Weekly kumo breakout Average Directional Index: Daily just cross back above 25 indicating start of a new trend. Weekly is getting close to exhaustion. Price Action: 24h: +5.4% | 2w: +45.69% | 1m: +28.58% Bollinger Bands: Close above top weekly band. Today is nearly a full candle above the top daily band.
Summary: HOLY $&*% BITCOIN!!!! Who else completely forgot what it feels like to be in a bull market?!?! What an incredible run this has been and there are plenty of reasons to believe that there is plenty of room left to the upside, as hard as that is to believe!
Let’s start with the back to back parallel channel breakthroughs:
In May price increased 60% in 15 days from the last test of trend support. The price is currently +46% in 14 days following the last test of channel support. If we get the same move then that would take the price to $12,217.
However that still could be conservative, depending on ones time horizon. The daily TD Sequential is on a green 3 above a green 2, but more importantly the Weekly is on a green 2 above a green 1. Seeing those two times frames line up is great confirmation for the entry.
The ADX is just crossing 25 on the daily which indicates the early stages of a trend, opposed to the latter. This is very important confirmation for me when looking at the TD Sequential. Perhaps the most important indicator is the weekly Ichimoku Cloud which is currently just getting a kumo breakthrough....
This is my most important indicator for identifying long term trend. It may seem awfully late to the party, but that is by design. It is meant to identify strong trends and wait for multiple stages of confirmation. This is also a great example of why I use shorter time frames to try and enter earlier on.
This post is labeled long, due to the weekly Ichimoku Cloud, TD Sequential and daily ADX. Confirmation comes from the daily and weekly ADX being is strong / early trend territory opposed to exhausted.
That being said I am not buying because I fully entered back in the
Hi Socrates, is it also possible that there can be litte hyperwaeves in one big one (maybe Tyler does not now this bc of he looks only at the higher time frames) bc I do seem to see quit a bit when like this btc runup or alts runups that I can see some of hyperwaves in them. I think XRP has one nice on a while back on the 1 minute chart I believe. It looked a perfect one on the smal TF of the big Hyperwave of BTC then....
Sawcruhteez
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@Kezax, It is certainly possible for them to occur on various timeframes, just very rare. Which makes me wonder what all of this Hyperwave fractals could be foreshadowing...