Hi all, I told you I would update when I would raise my stop level. Well that time has come. I have raised my stops from my buy entry made back at $3,200. Raised the stops to $3,560 from $3,500. The 50 DMA (orange line) needs to hold as this is the last support. The 23.6% Fib was blasted through and I don't like how we broke through that ascending triangle...
Looks like the barts are playing out again. Similar set up fractal from one month ago. The reason it may play out similar is because bot trading is taking over again, this is IMO what is causing the repeating bart patterns. This happen because the algos are predominate on both sides of the trade, creating periods of tight price action, until one of 2 scenarios...
Analysis TLDR - Expecting bullish divergence in play to continue. Long term green support range holds. Wave analysis shows first wave of a megatrend to be complete at ATH. A retrace of this wave is expected between 50-61.8% ideally. We're at 50% now. Algorithms also expected to buy the .5 fib, target -0.236 (new ATHs). Algo involvement evident in...
Overview - Something I've been thinking about for a while, (e) sort of giving more evidence to it. It's more common for an e wave in a triangle to break resistance line (ac) than not to. Ideal entry - Too late for circled e, look for 2nd wave of C in long run. Target points - Watching 5250-5450 range for S1 and 4150-4300 range for S2.
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Overview: Long setup for a bullish EOS/BTC EW Count Target for 5th not yet strongly established (awaiting more price action), updates will follow. Entry: 131000-138000 sats range was an ideal entry but scaling in on the next pullback still has potential of 50%+ on a conservative double top target Bitcoin being in a bearish trend has potentially decreased...
Fundamentals: Expecting selloff on Mainnet launch (Month's end) Time to start taking profits on long positions. Resistance / Exit points for Long: 1050-1150 Sats - Bitcoin being in a bearish trend has potentially decreased expected bull momentum for alts, and thus for TRON. This leads me to believe that a double top is the most likely exit point for long...
One thing I was always taught was that bitcoin doesn't do sideways. Well, obviously it does. Either someone needs to restart the bot server, or whoever is keeping the price in this strict channel needs to work out what they want to do. Maybe we're in a negotiation phase. One whale (bear whale) wants to keep the price down, and is negotiating with another whale who...
Again, not going to launch from here unless a whale so desires. If it were going to be done it would have happened by now because we would be seeing much more volume and a lot more more upwards price movement. This is the bounce caused by the "buy at market" orders that were sitting around the 6400 level. Curiously though, I was watching bfxdata at this crucial...
If it were possible to describe BTC movement like a tv show, I would use the whole series of "Lost" as the reference. What is happening? This makes no sense?? Are the characters in purgatory? That polar bear came out of nowhere. WTF? I like to think of trading bitcoin as everybody in the world vs one major player (whale/exchange?). There may be some other whales...
This is my complicated technical analysis for when people aren't even trading, just bots fighting at the neckline for the rest of eternity.
Go and chceck 5 minute chart... Every single movement was to perfect and I think that pure bulls*t. 3x ideally resistant situation, pentagram, perfect price movement....call me paranoic but people arent perfect...bots are
Results September 1st. s21.postimg.org s21.postimg.org Fellow crypto traders, ________________________ These are the last week results. We had a tough market to deal with, lots of flat periods. ________________________ I admit I have not been socially active on TradingView at all. As a paid pro-member I've been using the platform to develop serious...
Fellow crypto traders, I admit I have not been socially active on TradingView at all. As a paid pro-member I've been using the platform to develop serious strategies, not to waste time on drawing lines, or do Social Media like stuff. I'm not into that at all... I'm an actual nerd, social in a different way... I've been very happy with the testing...
MIT Computer scientists say look for the pennants. Now, you can disagree with the MIT scientists and their 89% return if you like but that is saying that you are smarter than a couple of MIT scientists put together.
The accumulation is actually up, which hopefully means people are buying at this level, establishing a new support. I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at. Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
I'm out. We pierced the only support that mattered. Watch out for sharks... the whales have left the building. And once again, they say, thank you for your buy support as they sold off their bags of holding. Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating. It's even dropping as I'm writing this...
Just putting it out there... there was an obvious accumulation... large sell off, consolidation... Now what? Rinse and repeat? Or a whale exit?