Rule72

Rule72 Updated 

Recap: Decision 2 held, and we reached Green 1 on the previous analysis. This is trading within the perimeters of a pattern for you. A sensible driver abides by the Stop-Go signs – prepared to lose a bit but ultimately gaining more and getting there in relative safety. The thing is that most of what you can do on the road is abide by the rules. If you do not have...

Rule72 Updated 

Recap: BTC had a low volume wick below Decision 2 and came back to stick its head above Decision 1 of the previous analysis. That analysis has not been updated till now as the levels stayed largely the same. We are trading within a pattern and as volume on these minor moves, within a pattern is low, this can happen. The idea though is to cut your losses (which you...

Rule72 Updated 

Recap: ETH hit the Red 1 on the previous analysis and now is looking at the old Decision 2 again. This analysis is a bit different as it is an attempt to show how Money Man is looking at the evolving of the analysis. It explains how a new trade could be initiated (if not already in a trade or if considering scaling into a current one) through looking at the update...

Rule72 Updated 

Recap: Red 3 on the previous analysis has not been hit and we are flirting with the old Red 1 again. The falling short on Red 3 might make you think that a miss by an inch is a miss by a mile, but not so fast. Money Man recons the chart has kept the old Red 3 target in play for as long as Decision 1 is not breached. So, he is not binning the “current can” just...

Rule72 Updated 

Recap: Red 3 on the previous analysis was hit and now we are toying with the old Red 1. There has not been lots of points after the fall to pull on, but Money Man finds those that were set useful. ETH does not look as though it has lots of upside to BTC compared to the downside potential again, but it comes down to percentages and ETH can hold its own in that...

Rule72 Updated 

Recap: BTC gave us a Red 1 and then a Green 1 with some overperformance on both. The ping-ponging has caused some change in levels with new data coming in. This kicking of the can down the road will have to come to an end. ETH is not revealing much in an obvious way and shows that it might lag at first (nothing new) once something happens, so it seems up to BTC to...

Rule72 Updated 

Recap: We had a ping at Decision 2, but no cigar. Space is again running low, and we could see some notable move, but unfortunately things are not looking great in the short term for ETH compared to BTC. This could change in a flash as there is some good support looming, but there is no denying that ETH has lost some of it hard won independence. The chart had to...

Rule72 Updated 

Recap: The box on the previous analysis surely did its thing by leaving us without much movement. No targets were reached. Now the question is if we are going to kick this can further down the road or deal with it now. Money Man has put his levels in as to where he thinks decisions could be made. It surely would be something if price would hold for more than...

Rule72 Updated 

Recap: Target 1 was hit on the previous analysis followed by a return to Decision 1. The box in that analysis did its job. Thing is that that box has changed and use of a box does not make sense anymore. Money Man now has his hands back in his pockets, waiting for price to move to where the action is bound to be. 3 000 is getting to shout its importance instead of...

Rule72 Updated 

Recap is simply a meeting of Green Target 1 and a failure that did not have the momentum to carry to Red 1. Blindfolded that obviously means there is still a pattern formation in progress. The clustering of levels has boxed price in and trading within it needs you to stay on your toes. The rectangle drawn on the chart is a result of looking at the triangle forming...

Rule72 Updated 

Recap here is the same as with BTC: Green Target 1 reached (more solidly than BTC though) followed by a failure that did not muster enough momentum to reach Red 1 in either ETH or BTC. Money Man, at the risk of repeating himself as this is discussed in the BTC analysis as well, drew a box on the chart as to what he sees as space that would allow further pattern...

Rule72 Updated 

Red 1 and back to Decision Box on previous analysis. We seem to have invalidated the strong downtrend by breaking sideways through it. This caused a lot of gusto, but the market was not convinced. This does not necessarily prove that we are to move sideways from here, but the Targets are to stay relatively (we have moved big percentages) conservative in Money...

Rule72 Updated 

Red 2 and then a comeback to Green 1 on the previous analysis. Bull flag talk would be about and the good old inverse (and not) H&S and Money Man respects that, but he has some extra tricks up his sleeve. Just remember that there are other players on the field, with other ideas and goals so there are no guarantees but only probabilities. Now, more than ever it...

Rule72 Updated 

Price has gone to Red Target 3 and beyond but returned and is now made a temporary home around Red Target 3. ETH did surprise in the extent that price went below Red Target 3 and this proves how there were still sellers beyond where price, in his humble opinion, should have run out of sellers – underlining how volatile price is thanks to FUD. FUD is great if you...

Rule72 Updated 

Money Man has watched BTC go to a tad beyond Red Target 3 and come back to have a relook at Decision 2. Now it is quieting down and chances for a notable move is there. Problem is that analysis like this, compared to physically trading as things develop, is that you need to anticipate where your signal will fire. Many things can happen before what you anticipate...

Rule72 Updated 

Money Man will not bore you with long explanations. Here is a fresh analysis to mull over. Remember: no guarantees - only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.

Rule72 Updated 

Money Man will not bore you with long explanations. Here is a fresh analysis to mull over. Remember: no guarantees - only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.

Rule72 Updated 

Money Man has left BTC for a while as it simply whipsawed too much, but now things look like potential. BTC is running out of boring notes to play. Not much to say today, so go out and play – Remember there are no guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and add to this analysis and Please...