(FEB 21) Crypto Market Commentary - Bitcoin, Dash, Litecoin, Cardano, Eos, Ethereum, Icon, Lisk, Doge, & More.
Reviewed quite a few topics today! Also covered several portfolio updates and trade management activities.
* We've been talking consistently for the last week about the Feb. 18 Gov't BITSTAMP:BTCUSD auction being an important potential pivot. This...
Feb 18 Crypto Market Commentary: COINBASE:LTCUSD COINBASE:BTCUSD BITFINEX:EOSUSD BINANCE:ADAUSDT
Now coming right in to the pivot date/time we've been hunting! Feb 18th Gov't BTC auction, Wednesday London Kill Zone, yada yada.
Generally looking at the next 24 hours as an opportunity to let go of some long trades (partial) against top ends of ranges to...
FEB 17, 2020:
* Finished my thoughts on BITSTAMP:BTCUSD from yesterday and worked down to the 4HR charts.
* Generally looking for a short trade to set up against old highs (RLZ) heading in to either Tuesday or Wednesday London Kill Zone.
* Alternatively I think it's possible for this pullback to be a trap and I see a fair...
Continuation long trades discussed on the last vid we're busted out shortly after weekend trading began.
I spend a bit of time the beginning here reviewing the similarity between past moves on the Bitcoin KRAKEN:XBTUSD weekly chart.
Imo we are coming in to levels where shorting BTC is becoming more and more interesting. Up against old highs, at...
Just me again nerding out on some crypto analysis and talking markets.
Covered COINBASE:BTCUSD - trend continuation trade which just fired for me at the time of recording. (To me this seemed like the most important event of the day..)
Covered KRAKEN:ZECUSD - nasty bearish internals, what I did with my long position, and why.
Covered BINANCE:LTCUSDT -...
FEB. 12 RESOURCES
*US Government BTC Auction: finance.yahoo.com
*BTC Halving: www.bitcoinblockhalf.com
DATE TO WATCH:
*Feb. 18 - GOV'T Auction - Expecting high volatility and a premium heading in to the auction. Paying extremely close attention to BITSTAMP:BTCUSD on the other side...
Based on our data a trade like this will work about 50% of the time. Wanted to post this as a reference for all of our students learning the LIS and how you can begin to identify and trade it.
Short from: 11632
Stop loss: 11870
Statistical Likelihood: 50%
Estimated Duration: 7 Hours
What do we have here?
Looking at XRP on the weekly. First thing that jumps out to me is location.
Location looks great. Investment grade. Throughout the later half of 2018 and in to 2019 we based right off the original market structure breakout level at $0.2999 in 2017.
Certainly not in shorting location on this weekly chart.
The 2018 lows at ~$.0.24...
Not a comprehensive study, but there's enough technical information here to highlight a few interesting points.
We're using BITSTAMP:BTCUSD (Bitstamp) for our exchange of choice. I like their levels.
For those of you guys who are more auditory learners, I covered this chart on a livestream today which can be found at about the 35 minute marker here.
WD Gann's most significant contribution to the field of technical analysis was his unique approach of incorporating time as an important factor in his price analysis. He revealed that price action isn't one dimensional. His analysis, using a number of angles varying in degree, suggests that price and time actually move in conjunction.
Using Gann angles (think...
Hi everyone - great news for you if you're long on alts!
Whether you've been bag holding for quite some time now or maybe you're like me and you've just been slowly accumulating over the last few months near bottom ends of ranges.
What we have here is a daily chart comparing CRYPTOCAP:BTC.D and BINANCE:LTCBTC
* Litecoin/Bitcoin in yellow.
* BTC Dominance in...
I don't usually share my exact trade setups on here, but I figure why not? I'm already filled - those who want to join the party can go ahead. However, I would never recommend anyone trying to copy my exact entry, exit, or stop levels on this or any other trades.
Best thing you can do is trade your own setups stemming from your own vetted trading plan. If you...
Showing a number of different things on this chart. Video format would be better for an idea like this, but here we are.
This was a chart I covered in a longer stream today on Youtube. Can check that out here. We stream daily.
This is a higher time frame look at BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD
From my perspective we're coming in to...
Just some quick analysis on BINANCE:BNBUSD BINANCE:BNBUSDC BINANCE:BNBUSDT
Seems to me like a pretty damn good location to start offloading some of your position.
- Coming in to multiple key profit taking levels. I.E. ABCD objectives, range extension reversal zones.
- Markets generally don't move in a straight line for long periods of time.
Can you see the clear inverse correlation between BITTREX:STEEMBTC BINANCE:STEEMBTC and BTC Dominance?
** Not at all calling this a STEEM/BTC bottom, but the chart itself is fascinating. Some main points:
1) Sitting on support @ 2 year ATL - bust these lows and we need to redraw our fibs for profit targets.
2) Confirmed bullish momentum/volume divergence...
One of the most useful relationships I've found is between altcoins like BITFINEX:XRPUSD and Bitcoin Dominance CRYPTOCAP:BTC.D
This is just a comparison of XRP/USD vs. BTC Dominance, but you can see this inverse correlation play out across the vast majority of heavily traded altcoins.
And if you set your alts vs. btc instead of alts vs. USD, the correlation...
Just a couple bits of analysis on the BITFINEX:BTCUSD COINBASE:BTCUSD GEMINI:BTCUSD breakout and follow through over the last few months, some key resistance levels to look out for, and my strategy for accumulating some more BTC at on the back half of this 18 month long bear market.
Note my accumulation zone (green boxes) currently paints $3689 to $4141....
Quite a few things going on within this chart, but what I'm trying to convey is actually very simple.
The chart is based off a few key models which have been used with tremendous accuracy for over a century.
Model 1) Bear markets will usually last about 18 months in duration.
Model 2) Bear markets will usually last about 1/3 as long as the previous bull....