PhinkTrade

PhinkTrade

Well, friends... Hello again! After turn of day excitement and disillusionment, here a simple but important example of how key is to keep more than one exchange in check for key levels: 4.272 projection for 'wave 1', down at low 8000's, was hit on many, if not all (most relevant) crypto exchanges, except... Bitstamp. Now, not anymore. It cost some folks the...

PhinkTrade

Well, hello again, fellows! Together with Monthly and Weekly time-frames study, just published, I've prepared also this 2D view, mainly because it presents some key events, which I think are good to point out to. Lets see: First one is, clearly, the combined fib retracement levels: 0.786 (from 10.5-6.5k wave) and 0.5 retrc. (from 13.8-6.5k). This was a hard...

PhinkTrade

Hi there, friends! Hope you doing well. So, as we entered a new month, and are soon starting a new week, it's good idea to revisit the charts for these high time-frames and see where we are. As you can see, log fibs are just killing it on this task (thankfully, Tradingview brought us this feature. Wished they've done it in 2017). Ok, so here what we have: A...

PhinkTrade

Hi there, friends! Here a video idea I just published and, by accident, got restricted as private. But it should not... ;) So, please find it in this link: Thank you very much, and let me know if you have any questions. Best, PHInkTrade

PhinkTrade

... and with a TD 8 Daily still. It's really not a good idea. *(2) : this release with a fix, removing an external link. Beware of the rules, PT.. ;). So, If you are seeing this again, pls, have my apologies. Still, if you would be kind to leave your like again, I'd be much grateful. Tyvm! Hi there fellow traders! Hope this post finds you well and safe after...

PhinkTrade

Hello fellow traders! So, here a quick and straight-to-the-point analysis of current grounds. Chart says it all. There is a strong, and just incremented, resistance above. No wonder so much sideways around this level. Yet, Bulls seem likely try one more time breaking it, with the start of this day. They better do a good job, for real... These are the strongest...

PhinkTrade

Recent rally have certainly brought a relief for bulls, after an almost 54% drop from the top of 13.8k, and many painful swings along the way. But is it solid this time, or just another bounce? Let's see what math has to show us in this case: Phi-based oscillator, applied to 1D chart, shows two positive signs: Oscillator line has become green from a few days...

PhinkTrade

Hi there, traders! So, resistance came quite around anticipated level, producing downward swings to upcoming fractal structures (represented by colored averages on 305 mins chart). First average (pink) couldn't manage to hold two succeeding attacks, letting price break past it, as well as nearby uptrend line. A clear weak attempt to test pushing price back above...

PhinkTrade

Hi there! Here a brief, complementary view on the topic covered in previous study (based on Bitfinex margin trades). (Red spikes in volume area are claim transactions. See previous study.) This time I'm not bringing any particular analysis up-front. Rather, I'd like to suggest a collaboration between us, interested traders. So, what do you infer from this...

PhinkTrade

What can margin traders' behavior - arguably, 'smarter' money-, tell us about current state of trends? Maybe some interesting things. Let's see: First, Open Interest (bottom pane). It represents all longs and shorts open at any given time, in Bitfinex. Its all time high (ATH) happened during the very bottom of last bear market: December 14, 2018. Shorts were in...

PhinkTrade

As anticipated, +-8420 level presented relevant resistance to BTCUSD, which is now retracing around blue average on 305 min chart. Uptrend is still pretty much in place, and we can expect a bounce and another attempt at higher levels, eg. 8600, which remains a likely top for current move (with a possible stretch to 8800 level), and suggesting a stronger...

PhinkTrade

BTCUSD smaller time-frames are in full uptrend, as can be clearly seen by the fan shape of 72 min averages. Still, medium (and larger) TF''s remain in a consolidation structure. A relevant resistance (blue average on 305 mins) has been breached, making way to the next one, grey, at around 8.6k (Bistamp). This suggest a correction is likely to happen from around...

PhinkTrade

As reported by spot vs margin volume indicator, traders' will to go long started 12-16 hours before yesterday's drop (1), likely betting on a 0.618 fib bounce. It happened swiftly after fib touch, with huge spot / exchange volumes kicking in, most in a single 1 min candle. Shorters have contributed to the move with some good amounts of closings (2), aka...

PhinkTrade

How simple can it be? Very simple (not really, but still, a good deal..) Let's enjoy! (not trading advice; trade at your own risk)

PhinkTrade

Here's a high level view of BTCUSD, considering some TA fundamentals. Hope it helps. Comments are welcome. (As usual, the disclaimer: this is not trading / investment recommendation / advice).