This is the currently active trend, and possible targets for price and time. I'll be monitoring price action as well as fundamental developments and sentiment data to determine when the bottom is in, to flip long once more. For now, I will look into being in cash with my trading account, and holding shorts, and adding if viable. Additionally, I might look into other activities that can generate income in crypto, but that goes out of the scope of this publication. If interested in learning more about my trading services and strategies contact me via pm.
As far as fundamentals go, I see regulations as a potential risk from here onwards, but I think crypto is bullish in the long term, so, ultimately, I'd like to have long exposure once market turmoil ends.
Best of luck,
Ivan Labrie.
As far as fundamentals go, I see regulations as a potential risk from here onwards, but I think crypto is bullish in the long term, so, ultimately, I'd like to have long exposure once market turmoil ends.
Best of luck,
Ivan Labrie.
Comment:
#BTCUSD could end up pulling an '$AMZN' in the coming decline.We will be ready if prices threaten to rebound from lower support levels, but for now, we stay short as per the chart signal
Trade closed manually:
I'm in cash, covered short to be safe...technical traders bought, apparently, not aware of any news to propel prices now, if anyone knows of something let me know.
Probably people saw this trendline break and bought. I don't expect buyers to get follow through up, more likely sideways before falling again. Might take a few days.
If price does go up, expect huge resistance near 7870. I would look into reshorting around there, or after a sideways consolidation. Not going to buy spot for now, not convinced we can have a bottom here yet.
Same applies for LTC, ETH and ETC.
Probably people saw this trendline break and bought. I don't expect buyers to get follow through up, more likely sideways before falling again. Might take a few days.
If price does go up, expect huge resistance near 7870. I would look into reshorting around there, or after a sideways consolidation. Not going to buy spot for now, not convinced we can have a bottom here yet.
Same applies for LTC, ETH and ETC.
Comment:
Waiting for buying to be absorbed before entering short again. Technical traders started buying BTC but I believe longer term smart money is selling. They will either sell into their buying here for a sideways move during a few days, or let them buy and short again higher. If price erases last week's range, then buyers won.
Trade active:
Reshorted at $7545 today.
Comment:
#BTC: If we go below 7250.4 today, we could start sliding down sharply...daily targets on chart, note how the ebb and flow of daily swings is in fact merely a more granular view of the longer term weekly and 2-monthly swings.
Trade closed manually:
Breaking yesterday's high invalidates the chance of immediate continuation, in the shape of a daily downtrend signal, but unless price goes over 8523.7, the weekly downtrend is still potentially active. It's a matter of seeing how far technical buyers who jumped into the IHS entry here, make the market go.
Weekly sellers could be tested at 7867ish, so, since there is a lot more upside before they might potentially jump in and make the price crash again, I cover my short, down $100 per coin in the last entry.
(I was short from 7545 on my last reentry...had covered at 7420, after being short from 8170, and before was short from 9320, added 8671, covered 8090. So, this is only a minor loss but the combined results are still largely positive.)
-Before shorting we were long from 7700 avg, to 9816.7, with spot, no leverage.-
Weekly sellers could be tested at 7867ish, so, since there is a lot more upside before they might potentially jump in and make the price crash again, I cover my short, down $100 per coin in the last entry.
(I was short from 7545 on my last reentry...had covered at 7420, after being short from 8170, and before was short from 9320, added 8671, covered 8090. So, this is only a minor loss but the combined results are still largely positive.)
-Before shorting we were long from 7700 avg, to 9816.7, with spot, no leverage.-
Comment:
To further clarify: until July 30th, we can go down hard as long as below 8523.7.
By the end of this time period, bears will have ran out of time to push the market down and price will likely go back up or sideways at least. If by that date we don't go below 4300, it's even more bullish and more likely to go up instead of sideways.
By the end of this time period, bears will have ran out of time to push the market down and price will likely go back up or sideways at least. If by that date we don't go below 4300, it's even more bullish and more likely to go up instead of sideways.
Comment:
#BTCUSD can grind higher from here, or start to fall from this zone onwards but it would take some unexpected news to alter the course of this short term trend. It's not safe to buy, nor safe to short yet. Let's just stand aside and watch
Trade active:
Weekly decline seems to be resuming.
Weekly decline seems to be resuming.
Trade closed manually:
I covered the short, will re short if we break this support sharply in a few days, else will reevaluate.
Comment:
Trade closed manually:
I banked my short. I'm doubting that this signal will pan out favorably.
I'm considering the chance of 6k having been the bottom, as per my previous post, but there is no rush to buy all in, since we don't have a solid enough reason to do so.
Market will likely remain sideways, so the safest bet will probably be to trade in and out of swing positions until the market is ready to trend again next year.
I'm considering the chance of 6k having been the bottom, as per my previous post, but there is no rush to buy all in, since we don't have a solid enough reason to do so.
Market will likely remain sideways, so the safest bet will probably be to trade in and out of swing positions until the market is ready to trend again next year.
Trade active:
Reshorted @ 7605, no risk in this trade, given previous profitable ones and current 'stop'.
Reshorted @ 7605, no risk in this trade, given previous profitable ones and current 'stop'.
Comment:
www.cftc.gov/PressRo...Testimony/opabehnam7
Right after our entry...No, I don't have direct line to the CTFC.
Right after our entry...No, I don't have direct line to the CTFC.
Trade closed manually:
#BTC: After hitting stops of the early April buyers, and exceeding the daily target #1, we could see short covering or dip buyers pushing price slightly higher or sideways in the short term, let's cover shorts and sit in cash for now
Comment:
Possibly, we get a failure to hit target one, bouncing near 5k...then a new weekly signal after time expires in August...
Comment:
#BTCUSD: Something like this wouldn't shock me...
Watching for now, waiting to reshort.
Comment:
I'm long, might have bottomed temporarily. Too many people shorted the obvious triangle, they will likely get trapped before we fall again.
Futures expired, shorts won't rollover into shorts down here, likely to go long with the ETH news.
I'm long, might have bottomed temporarily. Too many people shorted the obvious triangle, they will likely get trapped before we fall again.
Futures expired, shorts won't rollover into shorts down here, likely to go long with the ETH news.
Trade closed manually:
I'm out at 6490+-...Price didn't hold support above the fundamental key level from the ETH news, market looks like going sideways before trending down again. I'll wait to reshort by the 4th of July give or take, probably.
Comment:
Looks like downtrend back in control, weekly most likely...will sit in cash till August probably.
Comment:
#BTCUSD expected behavior here, no trade for now...
Comment:
$BTC could take a detour going higher for 5 more days.
Then it's unclear if we hold and go higher over time, or if we go back down below recent lows.
Bearish bias remains valid until 3d timeframe and weekly timeframe signals fail to hit their targets on time. Purple arrow here is the 3d tf target and time for it to be reached.
Weekly in cyan below:
Yellow line is my guess for a possible bullish outcome, without getting the crash into lower levels. This might cause the bear market duration to extend, since sentiment won't reset if we don't reach capitulation of hodlers yet.
A rally would further encourage their crazy bullishness and eventually lead to a decline after testing the weekly sellers at 8500-ish once again.
The lowest low of this bear market correction won't be reached for now, maybe won't be hit before the Gox coins are redistributed back to the people who have claims, after Feb 2019. Makes a lot of sense to me.
Then it's unclear if we hold and go higher over time, or if we go back down below recent lows.
Bearish bias remains valid until 3d timeframe and weekly timeframe signals fail to hit their targets on time. Purple arrow here is the 3d tf target and time for it to be reached.
Weekly in cyan below:
Yellow line is my guess for a possible bullish outcome, without getting the crash into lower levels. This might cause the bear market duration to extend, since sentiment won't reset if we don't reach capitulation of hodlers yet.
A rally would further encourage their crazy bullishness and eventually lead to a decline after testing the weekly sellers at 8500-ish once again.
The lowest low of this bear market correction won't be reached for now, maybe won't be hit before the Gox coins are redistributed back to the people who have claims, after Feb 2019. Makes a lot of sense to me.
Trade active:
Shorted small, target is yellow arrow, 15 day downtrend starts today.
Shorted small, target is yellow arrow, 15 day downtrend starts today.
