Maddrix_club

Maddrix_club

The $BTC volume has been going down for 9 weeks in a row. We are off to a good start - if this weeks stays green, we will see the OBV respecting the middle trendline.

Maddrix_club

$BTC Weekly RSI respecting the trendline so far and we could expect the price to go up this week, eventually trying to touch the upper trendline. It would be interesting to see if it break it. No one knows if the RSI will come back down to touch again the bottom one, and no one knows if it could break it to the down side even more.

Maddrix_club

BTC may be ending his red weeks streak soon! Great start of the week. The fact that there is twice as much volume at this level shows support.

Maddrix_club

Here we can easily see that the price action on $XRP is absolutely hard to trade, even for the algo. The key to avoid losing too much is to use Position Sizing. In in the blue bubble how all the losses are small, in this case less than 1%. Happy Friday!

Maddrix_club

This week Maddrix III took a short position (randomly decided by the algo) and it was our lucky day because it was dumping. It was frustrating because profits were cut by 2 due to the pump back. What is important to learn here is that when you have a trading system, you MUST stick to the rules. In this case, it reached it's STOP level, so it exited, for a much...

Maddrix_club

This confirms the RSI and Volume data - it is very hard to guess where it is headed next. It is nice to see the weekly OBV at a major trendline, but the price gap and the weekly RSI give confusing indication. Like I said, be ready for anything, as always.

Maddrix_club

We can draw as many lines as we want on the chart, sometimes it just doesn't make sense. On the Weekly RSI for $BNB it is tough because the volume has decreased a lot, and we are still 10x over the last run. It will be interesting to look at OBV as well. Major long term RSI trendline broken, this can mean anything. You should be ready for up or down, and don't...

Maddrix_club

Last week the weekly volume was pretty bearish, this week not sure as BNB is showing quite some support at these levels. Do you think it will go down?

Maddrix_club

$ETH with WEEKLY OBV - Do you think the green line will HOLD? The weekly shows a clear trendline on the OBV. It could stay on this green dashed line but this is quite likely that it will visit the solid line as well. Trade safely!

Maddrix_club

To me we will see ETH come down a little bit. We may not stay there long but I am still expecting it.

Maddrix_club

To me this is pretty evident that we will wick up and down at this yellow area. If you place some long all the way at the bottom with tight SL, could be nice!

Maddrix_club

Nothing new this week, we are still at the lower trendline. We will see how this week will unfold. The fact that we are 8 weeks RED in a row, reminds us that anything can happen. We could see a massive PUMP We could see a massive DUMP No one knows for sure $BTC

Maddrix_club

Very boring volatility but a decent amount of volume on $BTC last week. Let's look at OBV and RSI!

Maddrix_club

$BTC OBV went down a little. If it goes like this for a few weeks and it touches the lowest red line, while price stays where it is, I will call this a bottom and regain confidence toward the upside.

Maddrix_club

A lot of volatility! Awesome for trading! We are still at the lower range, I think we will stay in this blue zone. As always, ANYTHING CAN HAPPEN and I will be wrong in that case.

Maddrix_club

We can see the OBV on the daily holding up pretty nice.

Maddrix_club

Entries do not matter (Course #3) One thing that I have read many times but never believed is, entries do not matter. After trading a whole lot of different strategies in a repeatable fashion (algo trading), I found that indeed, entries don’t matter. Of course, if you get in at a bottom for a long or at the top for a short, it feels nice and the entry is...

Maddrix_club

The power of compounding is one of Warren Buffett’s success factors. Compounding is why you can make a lot of money over time. You MUST understand the power of it, and use it. That’s it. Compounding is basically reinvesting what you earned into earning more. Why is this so powerful? Because each time you earn a percentage, that earning is in fact percentage of...