BuyOnPurple

PRO
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Last visit Joined 3 years ago
An over-eager contrarian
Markets Allocation
71 % cryptocurrency 29 % other
Top Mentioned Symbols
BTCE:BTCUSD 92% | 13 BITSTAMP:BTCUSD 7% | 1
BuyOnPurple BuyOnPurple PRO BTCUSD, D, 2 years ago
BTCUSD: BTC at a crossroads -- Continuation or reversal confirmation?
436 9 11
BTCUSD, D
BTC at a crossroads -- Continuation or reversal confirmation?

It's been a long while since I've published much. The major reason for this is that I've been trading off of a single chart for the better part of 3 months now, and haven't had any reason to deviate from it. Price has come a long way from the summer rally. We've experienced massive runs on stops, cascading margin calls, emotional bullish capitulation, new 2014 ...

BuyOnPurple BuyOnPurple PRO BTCUSD, 240, 2 years ago
BTCUSD: Bitcoin's structural obedience in the summer of 2014
150 0 5
BTCUSD, 240
Bitcoin's structural obedience in the summer of 2014

Support held exactly where it was supposed to, just above the June 13 and 25 lows. The diverging bottoms (purple) have played out all their steam on this reversal. Now we're nearing the line of scrimmage (Orange thick dotted). The question is whether or not we can continue to push through resistance. Psychologically the highs feel heavier than they did at the ...

BuyOnPurple BuyOnPurple PRO BTCUSD, 360, 3 years ago
BTCUSD: My current pitchfork
275 0 3
BTCUSD, 360
My current pitchfork

Still watching closely for signs of rolling over, so far unimpressed by BTC-e's volume on all but the most recent sell off, though stamp tells a slightly different story and is indeed starting to look nasty. I think we could be witnessing a reshuffling of normal dispersion between BFX, stamp, and BTCe. There have been pretty large migrations of volume towards BFX ...

BuyOnPurple BuyOnPurple PRO BTCUSD, D, Long , 3 years ago
BTCUSD: Logarithmic bubble repetition
130 4 0
BTCUSD, D Long
Logarithmic bubble repetition

Same idea that has been circulated recently, now in cleaner colors with rounded numbers.

BuyOnPurple BuyOnPurple PRO BTCUSD, 45, Long , 3 years ago
BTCUSD: Bear trend consolidation structure: The last of the accumulators
116 0 1
BTCUSD, 45 Long
Bear trend consolidation structure: The last of the accumulators

I've been using this chart to successfully monitor sideways action in order to draw key structural levels since the flash crash -- the right most teal/black boxes were drawn the day we spiked from 550 to 700 based on previous levels and have been extremely useful as a roadmap for the sideways action. Everything is color coded with the exception of the first pink ...

BuyOnPurple BuyOnPurple PRO BTCUSD, 360, 3 years ago
BTCUSD: A Blooming Reversal?
83 0 0
BTCUSD, 360
A Blooming Reversal?

What a week! Let's do a recap of my moves since my last publishing, found here: https://www.tradingview.com/v/yFAcfc6M/ I backed off the scalping madness with the slowing down of the market in general and started reinforcing longs with more conviction. This was a slow process of winning overnight bidwars along the median line, just as in my last chart, and by ...

BuyOnPurple BuyOnPurple PRO BTCUSD, 180, 3 years ago
BTCUSD: Nothing new
127 1 1
BTCUSD, 180
Nothing new

Nothing new at all. Bulls aren't hungry enough to test a real ceiling, bears have no business in being hasty. Redistributing along the same trend we have been for a while. The CMF trends at the bottom are left over from the corresponding 6 hour chart. The closeup allows us to see the strength of the individual pitckfork channel movements much more clearly, while ...

BuyOnPurple BuyOnPurple PRO BTCUSD, 360, 3 years ago
BTCUSD: One fork to rule them all
78 0 0
BTCUSD, 360
One fork to rule them all

Possibly a fakeout of a shakeout that was waking the bakers. Maybe.

BuyOnPurple BuyOnPurple PRO BTCUSD, 30, Short , 3 years ago
BTCUSD: My new squeeze
110 0 0
BTCUSD, 30 Short
My new squeeze

My new and improved live 30 minute setup for intraday swings. This chart can give a lot of false positives until you've mastered the Willy21MA13 indicator. It might be worth adding a more traditional zero-point momentum indicator for catching tops, although the current setup does well catching bottoms so long as you ride willy out. I will likely begin to publish ...

BuyOnPurple BuyOnPurple PRO BTCUSD, 15, Short , 3 years ago
BTCUSD: 15 minutes of fame (WIP)
98 0 0
BTCUSD, 15 Short
15 minutes of fame (WIP)

I already published a version of my 15 minute purple scalping chart, but people really seem to dislike the purple color scheme. This is another (tentative) version of my 15 minute livechart. Please copy as much as you'd like. I use this to reinforce/confirm decisions made on the 3 minute chart, particularly in tight sideways markets like the one we're struggling ...

BuyOnPurple BuyOnPurple PRO BTCUSD, 3, Short , 3 years ago
BTCUSD: Scalpers delight
58 0 0
BTCUSD, 3 Short
Scalpers delight

My live chart for scalping, feel free to copy. The blue trend arrow is the directional bias of our entire movement from 800. Never forget where you came from, kids. Other than that, minimal TA insight here. Just reactionary trading.

BuyOnPurple BuyOnPurple PRO BTCUSD, 60, 3 years ago
BTCUSD: My Rough predictions (tbd)
135 1 1
BTCUSD, 60
My Rough predictions (tbd)

Just some things I'm working on

BuyOnPurple BuyOnPurple PRO BTCUSD, 15, Long , 3 years ago
BTCUSD: 15m long term outlook
245 0 0
BTCUSD, 15 Long
15m long term outlook

If only we had learned to count to 5 before bottom was reached.

BuyOnPurple BuyOnPurple PRO BTCUSD, 60, Long , 3 years ago
BTCUSD: Go longish
82 1 0
BTCUSD, 60 Long
Go longish

My current hourly livechart

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