Weekly Looks extremely bullish:
Daily, looks bullish:
Below 4880, then we will likely see 4500.
Consolidation between 4500 and the highs for a few weeks creates a very tradable range and builds pressure for a test of 6100-6200 area. Will be...
This trade really should stop out, but in case the market is irrational I will collect some profit.
Have an open long on BTC, but am hedged for the value of my account above 5145. Stop will just lead to slightly smaller profits on my BTC long.
Want to buy back a large position in LTC below 70 if possible
Original post on Twitter & Discord. Fast entry on rejection of new highs. This is a journal for my own records.
Divergences on 1 & 3hr + false breakout with rejection. Fast market entry. 3rd attempt at trade. Current profit is 8x loss from stops on previous attempts.
First attempt was on RSI&MACD div on 1hr + exhaustion, but was opened after signals had begun...
Bought @ 5.39
SL (soft) 5.06
Long term Target 11.2. Possible lower target 10. Will be watching volume and for bearish signals there.
Weekly and Daily look primed for a bottom/bounce. Keep an eye on bearish divergences after bounce because monthly still looks bearish and a high value buying area exists below 3.5
Higher risk trade. So lower position size for...
Been studying XRP BTC and XRP USD since attempting a small low time frame position the other day.
XRP looks Bearish. Heavily so. A dead cat large sharp bounce is likely soon (it does that), but I see no bottom signals at the moment and am prepared to short a bounce between 8200-8500 Sats.
If the current trend continues on XRP and, whether BTC rises or falls, I...
Position Filled. Discretionary trade
A second attempt at this trade will be made based on the weekly chart if Daily Stop triggers.
Risk = $0.24 per share
Full Position TP @5.8 option to switch to a trailing stop at this point if bullish moment remains strong
Reward potential 1.29 per share
R:R = 5.37 at Full TP
Lowest acceptable R:R at 5.23
What is not to love.
Average daily volume under $1M. Likely around 400K at most, but haven't found a good tool that calculates this yet.
Recent daily volume spikes up to $3M
VPVR shows heavy accumulation at current price levels no matter how much one zooms out.
MAs - no bullish cross yet, but bias is weakly bullish because MAs are...
This is not a Trade, just a journal. Currently I am in BTC, LTC and several alts with no leveraged position.
Market is still showing signs of sideways action with bullish trends beginning to develop.
My MA bias criteria currently shows a bullish cross on the weekly with price above the cross, but it is a cross at a downward slope, so only a medium...
I only chart shitcoins on weekly and daily Time Frames if I can help it.
Weekly looks like the beginning of a reversal.
Price dipped into my buy zone as previously stated and my position is filled.
High probability take profit zones are marked on this chart.
Weekly lows have been rising as you can see on the orange horizontals. And because of strong buying...
Still looks terrible.
It would be funny if it bounced here at the same point as that long wick from March of last year, but unless I see some significant bullish changes in market structure, I am targeting the lower zone (green) for potential entries.
A small bounce looks likely here, to at least reset some of the over extended range bounce indicators, and...
Last long was stopped out and the Short calls at this level I have treated as "be in cash" rather than leveraged position calls.
With this latest flip I am still hesitant to feel very bullish. Bias is still bearish on weekly and daily chart. But part of using a system is following its rules.
So with this long call from a few days ago I have opened a cross...
Previous TRX short was stopped out with minimal loss. SL had moved down after position was in profit, so total loss was 5% of trading/mex account or 0.003% of total account.
The pump on Bitmex was a high probability scenario as mentioned before. I am going to assume the main manipulation is over and have reentered on the current pump. Position size is smaller...
System has flipped long on all time frames. First time this has happened since the bottom, so I am in the market with cash and a cross leverage long for the value of my trading account.
Trend is still obviously bearish, so I am looking for a reversal here and breakout above local daily resistances.
Yearly close/open (purple)
Weekly resistance (orange)
Its going to be Yuge
Would not be buying DJI contracts here. Expecting after hours selling and pre-market selling before open on Monday.
Successful retest of 24000 looks essential for the bulls.
Last several times the MOM has been divergent large drops followed. No reason to expect this time to be different. Would be in cash and waiting (if I wasn't already)...