Watching the recent BTC moves, we have overlaid both Wyckoff & Elliott to highlight the current situation. Talking our community through the process - we thought this was interesting and worth sharing here. The example using Bitcoin has been near enough textbook to here. There are several crosses of interest currently using SPX, DJI & Gold, but the Grayscale...
Very brief overview on BTC today other pairs will be covered in tomorrows Discord stream.
This weeks main event was clearly Elon's Tweet dropping the Bitcoin price! BTC Who will be the next Tesla darling? Everyone is trying to woo Elon Musk after he dropped Bitcoin? Elon Musk once again rocked the crypto world, but this time instead of shilling Doge, the Technoking of Tesla dropped a bombshell that Tesla would no longer accept Bitcoin payments for...
We have been posting more and more in our community around the logic of this move - After the Rocket call on the 18th of March, it's clear to see how respectful the price action has been. Inside a weekly (3-4) move in terms of Elliott Wave, we have seen a near-perfect example of a Wyckoff distribution play out. This was shared two weeks ago now, showing the...
After a failed stream with @Paul_Varcoe Where the tech managed to cut off, I had jumped into a new stream to give the 10mins of BTC update for today. However, as the last couple of points were done in under the 5mins requirement for the stream to be saved. That was lost as well. So here's the stream Take 3 - shortened and summarised. Have a good weekend....
I am Bullish Crypto as a whole. Have been investing and trading Bitcoin since 2011. But as a trader of 21 years, I also know for the Crypto sector to remain healthy and flourish, it needs a couple of things. Firstly a rest, it does not mean it's changed to Bearish sentiment. However, knowing that over 70% of retail lose money & it would not surprise me if that...
A very quick video, showing a Wyckoff distribution schematic (update from the last post). We have covered these in the streams with @Paul_Varcoe Another stream later on BTC at 15:30 UK time today. www.tradingview.com With Elon's tweet pushing the price of BTC down - it's now at the lower band of the Wyckoff structure (overlaid) in this post. Some more...
I have been asked recently about the BTC moves and how the "they Blew up the rocket" call back on the 18th of March fits this. It's pretty simple - Elliott wave Weekly (3) = Daily ⑤. That combined with a near perfect example of a Wyckoff Distribution schematic as per the ghost overlay. We had discussed this in our Discord last week and covered in the...
This post is a little different, I have recently gone back into Trading Education and mentoring and wanted to ask what kind of post or info would the community like? Here's a list of the recent editor picks; some educational content (each link you can click on to go through to the actual post) 1) Gann Fan Tutorial 2) Buying the Dips made simple 3) Simplified...
When doing fundamental analysis into a stock or in this case a coin – you need to appreciate, it is still a company after all. So, your fundamental analysis should include, taking a deep dive into the available information. You might want to review the project use case, the team, and the money the project has raised so far. As you can’t really do technical...
Just playing around with @TradingView Features - looking at the "all of BTC History" chart - this got me thinking. What happened in world news and events on the highs and lows? Anything significant or interesting. The one thing I didn't include was the launch of Ethereum. Which was July 30, 2015, encase your wondering. Thought this would be interesting to...
Hope you are all having a good weekend! NEW YORK, May 4, 2021: S&P Dow Jones Indices (S&P DJI), the world’s leading index provider, has officially launched its new series of digital asset benchmarks, the S&P Digital Market Indices. These new S&P-branded indices will measure the performance of digital assets listed on recognized open cryptocurrency exchanges. I...
As the weekly Elliott level post - Elliott had yet to complete its impulsive move up. Here's the updated count and move - logic is that we are now at another 618 key level. We can define the waves within that last push, what was assumed 5 was only a 3. So here's a simple update. Not looking to short, but won't take the long until this pullback. Disclaimer...
We have recently been discussing Crypto more and more & wanted to put together a quick summary of some mentioned in the image. In some instances, there is not much of an analysis to be done on them. So here's a few interesting stories to close out this week. One of the big moves this week was Doge overtaking XRP in terms of market cap. This is actually...
Bitcoin is still rolling around in the dirt. As happy as a pig can be! Here's why still short here. There is an ideal Wyckoff structure - for those of you who follow our Discord or saw @Paul_Varcoe Stream on Monday just gone - you will see I showed a Ghost Wyckoff structure under a TradingView chart - You could not really pick a better example for a Wyckoff...
Here's a quick correlation view of some of the top altcoins. Correlation: Positively correlated variables tend to move together, negatively correlated variables move inversely to each other, and uncorrelated variables move independently of each other. This quantifies the estimated strength of the linear association between two variables. It ranges from +1 to -1:...
Ethereum nearing a (3) High on the Elliott level weekly. This is a (5) Daily - So I am expecting a little more of a Bullish drive. A decent drop giving us a correction down from the 5th wave daily and into (4 Weekly). Waiting to see the trend's character near the next level high. In Extension terms, it's very near an 11.618. Now we are seeing some professional...
After a long time in the trading world and now in the technology venture capital & alternative investment space. I wanted to write a piece on the crypto/blockchain space as a whole. What a lot of people fail to realize is the technology underpinning the sector, what that means, how it’s connected and why it’s not just looking at pump discord servers, buying on...