Abstractions

Abstractions

As previously noted in the first part, ETH contested that upper red channel, couldn't break the blue and as of yesterday, had difficulty maintaining the .236 level. I expect that many traders are scared at the moment, as another Weekly Doji candle is forming on the CRYPTOCAP:TOTAL . Into late Friday sessions, we saw DXY soar as ES futures bounced off the...

Abstractions

You can see that BTC dumped at the previous intersection of the fibs which I called in my previous idea . ETH will certainly contest the upper red fib channel. I expect heavy volatility between now and Sep 20-22. That moon bullshit could happen again (as it was the intersection of my fibs) around these target dates due to the fact that there's another...

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I closed my weekly calls expiring tomorrow because I'm unsure of the price action. We got a jump off of the mean VDVR. Although everything looks strong, AUD/JPY is dropping and the DXY is at a critical point along with the crypto market. I perceive this as volatility incoming. Tomorrow I will probably open some more AAPL calls late into the session or...

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In order to go long: I want to see COINBASE:BTCUSD push through the .5 fib convincingly as well as test that incoming pitchfork after yesterday's doji candle. You can see that I have overlayed BTC shorts on the same chart. They were inching up earlier, but have resumed the floor it's been testing. The AMEX:SPY seems confused going into the weekend (won't let...

Abstractions Updated 

If we see BTC bouncing sideways above 28-30k, I expect an ETH pump, but it is possible that ETH slowly dumps if this doesn't happen. Regardless, if this hourly candle can close above 1200 convincingly, I will want to believe that we take the upper Fibs. If not, I'm bracing for the worst to be honest. Watching for a big move early February, bracing for the CME open...

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With My Feb 3 Move confirmed, I think that we see a pump up until the 8th with the CME listing. No clue what will happen after that, but if alts in the broader sphere are able to hold value while equal to bitcoin in the event of a dump, I will still remain long going into Q2.

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I have a solid hunch that we are going to push up to this second box, and probably hit 4K sometime in Q1 before macro money shifts to commodities and crypto as a hedge against equities dumping. It’s very possible that this happens sooner, if coronavirus neuroticism continues, if Iran causes drama, or if quantitative easing ceases in the US. Either way, if we can...

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Yes, I understand that this is an after the fact post, but would be happy to provide my saved screenshots. Holidays have been quite hectic with my whole family catching the Ronies, but I gotta say.... I’m very satisfied with my first trading idea posted here.

Abstractions Updated 

With the increased volume seen over defi summer, Eth.D increasing would certainly indicate a highly anticipated December alt season. Dipping under 12% for a week could prove negative, but for the time being, anywhere in this range is still accumulation zone.

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The circus will rage on for a few more weeks I suspect.

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Pitchfan base placed on Nov 4 Pump. Excited to see where this heads in the next week. No deep analysis other than a classic fib & levels of support and resistance I've established going into legacy markets opening for the week 12/7.

Abstractions Updated 

Fib Retracement placed on 1h candles. Volume Profile confirms that this .786 level could be new support for the time being. We will have to see in the next 4.5hr; 1) if this next 4h candle can close at or above .786, 2) If the 1D candle also does, then look for an eventual 569-550 bounce off those other Fib levels. I'm long on Eth and think we might see and ATH...

Abstractions Updated 

Not only is Dec 1 an important date for ETH as it transitions into this next phase, but according to the math, another big move is coming. I hope it's up but it has to break through the two upper pink channels or it could be a bad Christmas. I've also gone ahead and attached an imgur link to a few screenshots. These screenshots were one of my first drafts which...

Abstractions Updated 

We have yet to see the final clown push on this three-ring circus. Usually there is one final parabolic push before coming to a crashing end. Even though it will probably only be a 8-10% correction because money printer goes brrrrrrrrrr... there are some big factors that could cause a dump to cascade even further to lower fib retracement levels. These are boxes...