HRoark64

HRoark64

From top to bottom: -Double top in the regression channel with the second being lower doesn’t bode well for a quick turnaround in momentum. Bad news if you FOMO’d in at the top. Good news if you’re looking for value priced BTC or a new long position closer to the 50 MA. -Price still solidly above the buy/sell line (50 MA) -5 RSI isn’t very decisive. Looks...

HRoark64

Everyone wants to buy low but nobody wants to buy red. I often wonder if we would lock in profits sooner and buy lower risk if the colors were swapped. -Weekly structure is in great shape. $10.7k to $9.6k looks like a low risk buy zone WITH THE RIGHT POSITION SIZE AND STOP if you’re trading or just to add to the bag if you’re in it for the long haul. Keep in...

HRoark64

Evening everyone. Take a look at this 3d chart going back into 2017. After zooming out to get some perspective I started noticing how much structure there has been in this $15-20 range. Also noticed a very nice, gradual slope of the 50 wma that's still pointing upward. Makes me wonder if the halving hype showed up early in the $130-140 range and it's time for...

HRoark64

Just noticed LTC has put in three lower lows on the 4h chart and has made a strong upward cross on the 5 period RSI. This comes at the convergence of trend lines and showing an uptrend in Heiken Ashi. Daily looks like it's following suit, will confirm with a close above the 50 wma and similar upward cross of the 5 period RSI mid-line. Maybe a bull trap or maybe...

HRoark64

Hey everyone. The poor man’s gold looks like the deal of the decade at the moment. I know we’re all in a hurry to pick out Lambo interiors during the upcoming LTC and BTC halving cycles, but don’t miss out on this. Top chart: +408% move in the 2009-11 bull market followed by a 72% correction. Sounds eerily familiar, right? More mature asset + more...

HRoark64

Hey everyone. Here's a dirt cheap stock that's still down 88% (even more measured from the wick) from the 2017 mania. If you want to leverage a small investment without taking on the cost and risk of margin trading, this may be your ticket. This has already been good for one great trade using the 5 period RSI system from my previous ideas and it stands to be a...

HRoark64

See latest tutorial for a review of momentum setups. BTC has traded in a roughly $2500 price range since the top it put in. Price exceeding the last high close that coincided with a peak in the 5 period RSI will be a signal to go long. In this case it's $12k the way I see it. Upside may be limited if this is the early stage of a bigger correction, or you...

HRoark64

Evening everyone. Looks like BTC is stuck in a range or figuring out its next move, so let's examine a month of momentum trading setups that we're sure to see again as the bull market plays out. Quick review - -50 wma = buy/sell line. Longs only when price is above and shorts only when price is below. This keeps us from pissing into the wind...unless you're...

HRoark64

Hey everyone. Here’s a quick look at how the pull back could’ve been traded without catching a falling knife. As always, not advice…just a set of objective indicators that have worked for me and I hope can be incorporated into your own system. And yes, it's all clear in hindsight. I've traded this way several times since the crypto winter with great results...

HRoark64

That was a nice 30% pull back we had. Notice price came down to test the 50 wma and price action rebounded through the .382 BB channel. We had a close on top of the five period RSI mid-line for the signal candle and today's price has exceeded the signal candle's close. Conditions are met for a long entry, though the safe route would be to wait for today's close...

HRoark64

Not a fan of price prediction but low to mid 200's before or at block halving seems reasonable if the next leg up (assuming there is one - always dangerous) is at least the average of the last four. This could be the low end of it considering the last two moves were >100% but the average of all four was only in the 80's. Think it's heading to 4:1 parity with...

HRoark64

From top to bottom: -Had a touch of the 50 wma, then a close well above it into the green. Positive sign. -Next candle opened on top of the .382 BB channel. Positive sign for trend re-entry if you got out and missed the selloff. -Almost an exact 30% pull back - very common last bull market; 8 of them I think. -5 RSI close curved back upward and new candle is...

HRoark64

Hope everyone is getting as much perspective from the five-period RSI mid-line indicator as I am. Taking a look back to the 2016-2018 market we can see that we had five exhaustion points on the RSI where it crossed from top to bottom after four to six weeks of substantial price increase. Take a look at the current weekly chart and see that we've been riding high...

HRoark64

I don't think DGB gets enough attention despite the community's great work, so I'll go ahead and point out that it's up 44% since its low and has made a very clean set of higher lows along that journey. Worth a read if you haven't looked into it yet. Very trade-able price action if that's your thing and tremendous risk:reward setup if you think the project has...

HRoark64

Evening everyone. I'm long the HODL bag (what else is it for?) and out of trades. Using the 5 RSI method from my first post netted 30% profit. Looking forward to another one after this shake out. Top to bottom on the chart: -Daily close in the .382 BB channel. Good for trend re-entry unless the RSI is under the mid-line. See below. -$9.5k marked @ 50 daily...

HRoark64

Aaaaand the selloff continues! How low? Until buyers and sellers agree on a price! Did you think we were going straight to $20k? Did you think the market has to 'respect' certain prices on the left side of the chart...even though it isn't the same market as 2017? Don't waste time telling the market where to go based on its past self. Look for clues as to...

HRoark64

Things that can’t go on forever…won’t – Herbert Stein When talking heads say not to bet the farm on crypto, remember this. Yes, much greater gains in crypto, but also a 10y old asset class as opposed to traditional products. Keep in mind that crypto doesn’t need to be denominated in any failing fiat; whereas stocks are underpinned by USD. Maybe we’ll be...

HRoark64

Hello! Everyone enjoying our little selloff? Great news if you aren’t fully allocated. Even better news if you are since price doesn’t go straight up. From top to bottom: -LTC is midrange in its regression trend channel since the first big breakout over the 50 sma. Very well defined touches on the top and bottom…useful places to take profit or add to...