I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. to learn more about how I use the indicators below and to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
My recent led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My closely mirrored my price and time targets | before the end of 2018.
: Reiterated views from previous post and warned about alts pumping before falling off a cliff Position: Short BTC:USD from $6,353 | Short ETH:USD from $205.20 & $196.32
Patterns: 4h bear pennant with $4,557 target Horizontal support and resistance: S: $5,200 | R: $5,518 BTCUSDSHORTS: Pulling back hard from shooting star Funding Rates: Shorts pay longs 0.0263% | Was not expecting to see that based on the BTCUSDSHORT’ chart. Makes me wonder where all these shorts are? According to blockchainwhispers.com the long:short ratio is 54:46 therefore I cannot understand why shorts are paying longs. If anyone knows please leave a comment! Looking at 4h trends today Short term trend (3 day MA): Price recently closed below Medium term trend (8 day MA): Recent sell signal with 3 crossing 8 Long term trend ( 34 day MA): Angled down sharply, will be apart of resistance cluster if we bounce to $6,000 Overall trend: bear Volume: Volume has died down following the spike, another volume spike should be following soon. FIB’s: High of Feb 20th and low of Feb 6th') 1 = $5,863 | 1.272 = $4,262 | 1.4140 = $3,426 | 1.618 = $2,224 Candlestick analysis: Failing to bounce off high volume dragonfly is very bearish Ichimoku Cloud: Thick 1 hour cloud shows strong resistance at $5,570 - $5,780 TD’ Sequential: Daily red 9 Visible Range: If price can’t support $5,200 then I expect us to fall right through $5,000 due to the gap in volume Price action: 24h: -0.75% | 2w: -12.97% | 1m: -14.42% Bollinger Bands: Watching for price to stick to bottom band after closing outside Trendline: Bear pennant Daily Trend: Bearish Fractals: After breaking all of the down fractals in 2018 we found support above the next one down ($5,122) RSI: All time low on daily. Watching closely for divergence Stochastic: Daily looks like it is recrossing bearish
Summary: The first consolidation after a move is often redistribution (or reaccumulation) and it is starting to look like BTC’ will following that pattern instead of bouncing to retest $6,000 for resistance.
The 4h chart is forming a bear pennant with a $4,350 target. That will confirm with a close below the previous candle ($5,410 on USD exchanges).That would also give the daily chart a chance to form the bull div’ that I have been watching for.
That also lines up very nicely with my prediction that $5,000 will breakdown without providing a bounce due to the gap in volume. If that happens then $4,200 - $4,500 would be very likely to provide support.
If all goes according to plan then I will be closing my shorts in that area and looking to open small longs. In the meantime I am stalking alt’s looking for short positions. EOS’, LTC’, XRP’ and TRX’ are at the very top of my list and I think the next 1-2 days will provide some prime entries.
Ive heard that only the long/shorts values at blockchainwhispers for bitfinex are supposed to be correct, but not the ones for bitmex. not entirely sure, might also the other way round though.
either way, from what I can remember, only one of those two are correct.
either way, from what I can remember, only one of those two are correct.