The market, in all its capriciousness, its mercurial dance, reveals recurring patterns concomitant of collective human fear and greed. The only objective reality, Price, is continuously determined by the fair scale of Eigenmorality.
@fontase on twitter is not me. Is imposter. My lawyer will contact him.
Short term buy euphoria is likely over now.
1. Volume decrease to 1/3 of mid-trend
2. Uptrend-line broken to downside (see in zoom-chart)
3. Indicator RSI bearish divergence, same with other oscillators like Fisher, MACD , ROC, SRSI, CCI ...
Position size maximum 20% equity . Leverage max 4x for this volatility. Current price 561USD, stop loss 503USD. Targets are 606, 636, 666, 686, 706. Liquidation of 15%, 20%, 30%, 25%, 10% at these positions respectively.
EXIT: Futures premium reach +5%, close 50% of positions.
Fisher reach over 5th bar and is ...
Bitcoin has completed a euphoric run to 860(OKCoin futures) but has yet to complete a capitulation reversal from that high.
Given the lower highs in succession this may finally be the capitulation from the local high in June.
Targets are 557 and 502, important levels. Stop loss for the trade 674, local high. ...
Position size maximum 20% equity. Leverage max 5x for this volatility. Current price 681USD, stop loss 705USD. Targets are 590, 565, 534, 511, 480. Liquidation of 15%, 20%, 30%, 25%, 10% at these positions respectively.
EXIT: Futures premium reach -1%, close all short position.
Fisher reach under 1st bar and is ...
Short term long. Target 2880, previous resistance level.
All oscillators oversold, volume oscillators oversold, everything in the pits of hell.
Even if this is the start of a longer term bear move, a short term correction is inevitable
Unfortunately markets show 6% futures premium and extreme bullish sentiment. Rally ends on a euphoric spike as we approach previous highs. Very similar to the $1000 price point during the $1200 bubble.
Dump fractals suggest 2200 bottom with 1900 capitulation. As such I suggest target should be 2292.
Of course, ...
In past mid-term tops, OKcoin quarterlies futures premium was upwards of 5-7%, signalling bullish euphoria and overbought markets.
Currently, the premium stands at 1%, the approximate level at the 200 base and recent 300 bottom in November.
As such I believe the bearish doubt of the veracity of this ongoing ...
2 green candles on heiken ashi. Every historical instance of this has signalled the end of short term corrections down. Daily oscillators have bottomed.
Projected is the probable price path according to historical instances from 2009, 2010, 2012, 2013. All time high in January is possible.
In the emergency case ...
1. Price is down 30%
2. OBV is at high
That makes a divergence. Seconded by other momentums like a/d. According to Technical Analysis of Stock Trends, 9th edition, this is extremely bullish.
3. We are still 68% below the 1200 high made 2 years ago. Consider all the new infrastructure developments for ...
Oscillator directional bottom from bottom line
Volume on trend to 0 within 16 hours
Previous high not breached in the correction. Not even close. Extremely bullish.
Thus, safe to conclude, correction is either over already, or 1 last weak selloff that completes within 16 hours. New high will be made soon, on a ...
LTCBTC and BTCUSD move as if yin and yang. They predict each other with fractal accuracy as synchronized dancers do in performance. Useful to predict which stage of fractal cycle we are currently in.
Exhibit 1, Blue Arrows. Post-BTC-capitulation rally, followed by a neutral period. In this period, BTC price ...
Currently we have just finished a major market bull move (2-1200) and its subsequent bear move correction (1200-150). No new lows for 9 months. The bear market is over.
Now we are in a quiet, flat period of quiet. Quite similar to that of April 2012, not only in price action but more importantly in popular ...
Flash crash finished, oscillators green now. Recovery in progress. New All time high likely within 6 weeks.
Previous gap (197.3 to 194.5) took 2 days to fill but it filled now.
Which means, long until 210