Money Man has upgraded to an eight shooter simply because there are so many levels of interest here and a move can go hoopla. You need to have the ammunition, or you cannot shoot. He switched his machine on and instantly got this message that there is such an obvious trade in the making. But what a nice little fake out accompanied it, just for the leveraged...
Money Man knows that pattern building like what is happening now, more often than not, is a pattern within the ultimate pattern. Do you remember the previous times a symmetrical triangle turned into an ascending or descending triangle? This is very possible now. Conclusion: The worst of the FUD has passed, and traders are slowly getting more rational. A little...
Money Man is in caution mode. It is so easy to shoot yourself in the foot here. Tensions are still running high and Red Target 2 is still in play, but the most probable scenario now is pattern building. Money Man feels that volume on the green candles can virtually be ignored as the sellers at these levels have mainly done so already. Conclusion: Make sure of...
Bitcoin has turned more and more dangerous lately. It has been wicking out of levels more than is to be expected, if respecting them notably at all. Money Man theorizes that this is because BTC is on balance being traded differently to how it used to be, and this is probably because the typical trader by weight has changed. There is trading happening that goes...
There is always a trade to be made and doubly so when the volatility is on. Money Man was drawing his boxes when price went from his perceived decision box straight into his anticipated red target, true’s bob. He is seeing a bounce back into the decision box and then the next decision could be made. Conservatively Decision Box 1 and Green Target 1 could be...
Money Man has made a minor, logical change to his levels for ETH. There is a clear difference in the current patterning between BTC and ETH. BTC tells a more positive tale now, but do not be fooled. Conclusion: If Money Man had to venture a guess, he would say that ETH could make a move if BTC had to surpass its current highs as there is less and less space for...
Tipping Target 2 and going this way and that has proven to Money Man that his trend lines were not on point. He has noticed anomalies appearing in ETH and BTC’s build-up in pressure. It is clearly time to update. Green Target 1 is so close, especially considering percentages that it could be ignored or acted upon with minor size. There is enough energy built up...
Part of Money Man’s job is to spot notable changes and nothing except volume has been of interest. Not so much the red one before as it was a shake out, but this green volume suggests there is something in the grass. These volume pumps are getting to him. Conclusion: Targets have largely stayed the same, but something seems nearly upon us. Very Important to me:...
There is always a story being told on the chart and it is everchanging. You should be patient but that does not mean that you stop reading the chart altogether. Tweaking levels because of price action is okay if you use the right tools, looking for data that changes things. Money Man uses this approach to decide on levels to adjust his position size and average...
Patience again paid off as we got to the previous Green Target 3. All the back-and-forth in-between cause a big redraw of levels of interest. Who would have known that Tesla would come to the Bitcoin party on such a crucial time? Does the news draw the chart or do buyers and sellers, who know more than you and I draw it? Money Man believes in TA more than in the...
Money Man has patiently been waiting for the previous analysis’ Green Target 3. The money is in the sitting. But this is a luxury that you can only afford once you are not too close to the price, ie there is money on the table that you can lose – paper profits. This ties in well with where we are now. Everybody is talking about the futures opening. Futures has...
What to do when you do not have the bull by the horns, but the tail? Please forgive Money Man for still playing with this bull, but he is getting every mile out of it. It might seem as though he simply divided the chart into equally spaced blocks, but not so. He adjusted the levels according to the recent price action and this is what came from it. Tells him...
Money Man has been keeping an eye on this pair and how it relates to the Euro (analysis attached below). The potential here is undeniable. It is relentlessly pushing to get back to the local highs, wanting to go and test it to see if there are buyers willing to step in – not like last time. The Green Target 1 is a confluence of Fibonacci and trend lines and Green...
Money Man has been waiting for the other analysis to run its course and decided to have a look at something completely different. This chart just begs for big event. He compiled his boxes through looking at the past and looking at the future (via extending the current situation and reversing it). This is purely technical analysis and does not have any bias (that...
Money Man urges you to push play on the previous analysis linked below. This will give you an idea of tolerances to consider if interested in these levels. It is not often that targets are so far from decision levels and that amps up the risks here, underlining the importance of the mentioned tolerances and the reflection on that in position sizing. Forex is a...
Money Man has not been posting BTC contributions lately as he has been doing as he said he would: If the price breaks the upside target, he will be shooting it in the back (follow by taking profits and increase of position size while keeping his average buy price outside of what he would see as an acceptable support retest). He sees that as between the 29 000 and...
What is the difference between a bull and a bulldog? Both can hurt you but the one you can ride and the other leads you down the garden path. Money Man has not fallen off the earth. He has been waiting for some sort of resolution – taking a week already – and it seems as though the build-up is now at a stage where he must adjust levels according to recent...
XRP has raised its head and Money Man has noticed the effects of uncertainty and doubt, as to tradability of XRP, has played out on the chart. Even getting the previous Green Target 4. Make no mistake; the higher the risks … you guessed it, the higher the possible rewards. Is this the shorts closing their positions or is this subtle but knowledgeable buying...