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. Please be advised that I trade on high leverage and am comfortable with the risks. If stop loss is outside liquidation price then I will add to margin or decrease leverage if position moves against me. What you do with your $ is your business, what I do with my $ is my business.
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Consensio: S MA > P > M MA > L MA
Patterns: Phase 7 hyperwave. Symmetrical triangle.
Horizontals: R: $3,879 | S: $3,762
Trendline: Symm triangle
Parabolic SAR: $4,180
BTCUSDSHORTS: Starting to pull back hard, will it be a leading indicator?
Funding Rates: Longs receive 0.0165%
Futures Curve: Backwardation
TD’ Sequential: Price flip
Ichimoku Cloud: The one potentially positive thing about a thick cloud is big opportunity on an edge-to-edge trade.
Average Directional Index: Ready for volatility
Price Action: 1d: -0.7% 2w: -1.5% 30d: +1%
Bollinger Bands: Amazing how quickly it is squeezing and how well we have been finding support at the MA.
Relative Strength Index: Struggling to stay above 50 for long
Stochastic Oscillator: %K is continuing to diverge
Summary: Consensio, BTCUSDSHORTS, Backwardation in the futures curve and the Bollinger Band are the main reasons I am leaning bullish. However the risk:reward feels much better for a short. Even though we have fallen this far, I still believe we have further to go and a bunch of built up resistance above.
With a daily close below $3,650 I will likely be re entering shorts due to the Consensio guidelines. On the other hand ETH:USD looks almost ready to confirm a cup and handle + ascending triangle pattern that carries a target of $190 - $200.
I’ve set a small stop order at $160.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: S MA > P > M MA > L MA
Patterns: Phase 7 hyperwave. Symmetrical triangle.
Horizontals: R: $3,879 | S: $3,762
Trendline: Symm triangle
Parabolic SAR: $4,180
BTCUSDSHORTS: Starting to pull back hard, will it be a leading indicator?
Funding Rates: Longs receive 0.0165%
Futures Curve: Backwardation
TD’ Sequential: Price flip
Ichimoku Cloud: The one potentially positive thing about a thick cloud is big opportunity on an edge-to-edge trade.
Average Directional Index: Ready for volatility
Price Action: 1d: -0.7% 2w: -1.5% 30d: +1%
Bollinger Bands: Amazing how quickly it is squeezing and how well we have been finding support at the MA.
Relative Strength Index: Struggling to stay above 50 for long
Stochastic Oscillator: %K is continuing to diverge
Summary: Consensio, BTCUSDSHORTS, Backwardation in the futures curve and the Bollinger Band are the main reasons I am leaning bullish. However the risk:reward feels much better for a short. Even though we have fallen this far, I still believe we have further to go and a bunch of built up resistance above.
With a daily close below $3,650 I will likely be re entering shorts due to the Consensio guidelines. On the other hand ETH:USD looks almost ready to confirm a cup and handle + ascending triangle pattern that carries a target of $190 - $200.
I’ve set a small stop order at $160.
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/