Over the past couple days we have been examining the short selling volume as it relates to the price of Bitcoin. I noted that the shorts had fallen off drastically while the price had remained flat/fallen slightly. That told me that the only buyers above $5,900 were short sellers taking profit or getting liquidated.
On day 122 I wrote:
“I am expecting the ...
Yesterday I added to my short position after the hanging man candle on the 4 hour combined with the bearish crossover on the 12 and 26 period EMA’s on the hourly. I have been expecting the breakdown of $5,900 support since last Saturday and am viewing this current bounce as the final short squeeze before the sell off.
The amount of shorts has fallen ...
USDJPY has broken its trendline, retested and confirmed it. The retest level is confluent with the 89 EMA as well as a key support level, now turned resistance. A down fractal also formed with the 89 EMA and Williams Alligator. Further support levels will be used as price targets.
Yesterday I pointed out the resistance from the 12 period EMA on the daily chart, the double top on the 4 hour chart, the resistance cluster coming from the trendline and horizontally, and I also noted the shooting star and hanging man candles on the daily chart.
Needless to say a strong sell recommendation followed and as usual I lined out exactly how I would ...
Over the last seven days I have been calling for a reversion to the mean after overselling on the 9th and 10th. For me that means a retest of the 12 period EMA on the daily chart. That is where I expect to see strong resistance from the bears lead to an eventual breakdown of $6,000 support.
I have been holding onto my short since 6/4 and am still feeling very ...
AUDNZD has crossed under its 89 EMA and retested it. A Fractal resistance has formed below the Williams Alligator as well as a trend line. The first price target is aiming for a recent level of support while the second is aiming for a major 2-week support.
Two days ago I made a nice call that had me feeling very prepared for the price pump we got yesterday:
“I firmly believe that a short term bottom lies somewhere in the range of $5,964 - $6,123. From there I expect to see a 1-7 day rally that retests the short term daily EMA’s (12 & 26). If not currently in a trade then I strongly advise against opening a bearish ...
I am a big fan of Bill Williams indicators, the alligator, AO, AC and Fractals. So let's begin with them.
First entry - May 31
On may 29 A bullish divergent emerged, which is marked with a red circle. It was also confirmed by our AO, which showed a shift in momentum. In addition to that, AC showed Bullish TWIN PEAKS (marked with a red trend line in the AC ...
Many of you asked me to tell what do I think about TRXBTC. So here we are.
First of all, I don't like TRON as a project, never was interested in it, but it doesn't mean we can't make money on it, right?
Here is TRXBTC 1D chart. It looks okay from the first sight, but let's take a look at it a bit closer.
We have huge accumulation zone around ...