The chart is pretty simple. The bollingerbands and descending triangle show we were at resistance and the drop is going to be severe. The price actoin slipped the 20d moving average but shorts on bitfinex shows bears are still asleep. Which means that when they wake up and start shorting this move is going to accelerate. Perhaps they see the descending...
On May 4th I made my BARR and Falling wedge post. The context was just a few weeks prior the BARR reversal formation had taken over BTC twitter, tradingview posts, youtube videos, etc, and then people stopped talking about it. Everyone was digging back into the 4h or daily charts and missing the larger context. My post was to remind people to continue to see the...
Bitcoin/crypto enthusiasts advocate (paraphrasing with broad strokes) bitcoin as the evolution of currency from decentralized gold, to centralized fiat, and now decentralized blockchain. The charts we are going to look at are going to suggest 1) Bitcoins chart for 20014 to today looks a lot like gold between 2008 to 2013 2) Bitcions current price action don’t...
I go over a lot, the Ichicouds, VPVR, OBV EMAs, in the main chart, and MACD, RSI, Stoch, Bollingerbands and Candle formations in other charts. We established a high in January 2016 and since then we have gone up… 5.3%. I am not impressed and I am certainly not bullish. The linked charts show what I have been looking at on the yearly timeframe, and an attempt to...
Fib extensions are something that I always use too late in the game and this time I am getting ahead of the game. I don’t have a lot to say right now except I think we don’t need to pay too much attention to the fib ratios between 1 and 2. There are actually a lot of fib ratios that could turn out to be important but I am not surprised that 0.5 was important,...
Another big view post where because for some reason I decided to take the trend line of the current move and extend it as far as I could take it on the chart and I saw that despite all the exponential gains and parabolic moved this line is valid back to 2015. It is not guaranteed to hold forever and it might not last during the next bear market (in 3-5 years)...
The main thrust of this post is literally just in the title. We have been setting higher lows over the life of this triangle and the RSI/Stoch/Stoch/RSI have been creeping downward. Higher lows on the price action but lower lows on the ossiclators is hidden bullish divergence, and I have a bias towards hidden bullishness over classic. The chart below shows the...
The price action on the weekly chart clearly shows we have a double top on the candlestick bodies and a stark and merciless incidence of classic bearish divergence. The RSI does appear to have a resistance line it began to set in May of last year and that does give some more wiggle room for perhaps a couple of small green weekly candles. A look at the daily...
No telling how long or how far for this glorified S* Coin. TLDR: XRP poised Bullishly against ETH, BTC and USD. The 12h chart is one of my favorites for planning swing trades and so I turn to there. The RSI/Stoch/StochRSI indicators which have become popular recently show a rising floor on the RSI suggesting a shifting in control from bears to bulls and that...
Place your bets, use stops and lets roll the dice. I am betting this is the top to the parabolic move but it could have one last spurt. I am not straddling because there is a chance of a long legged doji and I don't want to get blown out twice.
Tradingview really needs to add Paraboloca to its chart pattern considering how often people are looking at Crypto ideas for a parabolic move. The chart clearly shows an increasing slope on the support lines for ETHUSD and given the move with BTCUSD there doesn't seem to be much cause for ETHUSD to slow down. Technically we cleared a major area of resistance and...
From time to time ideas are posted that use the NVT as a reason that people should be in short, or the price will retrace, and I feel that is dangerous advice. A quick look at the chart shows that the NVT is a decent indicator that the price action is about to go parabolic and near vertical. The blue lines show a large part of the parabolic move and the boxes...
I have two clouds up, the standard red and green is the non-crypto settings and the orange and yellow cloud are the crypto settings. I also have the VPVR up with my own personal settings of 147 rows and the 68% for the value range because that gets me a bar chart up the side of 100 bars in the value area and 47 outside of it. The blue lines are the developing...
This post should look similar because XMRUSD is where BTCUSD was a few impulses ago. The 13 and 48 three day EMAs provide a great entry into a long position. The 100 and 200 provide great interim targets for swing traders. The longs are relatively low which is good, they have plenty of room to grow before they top out and risk a long squeeze. The chart below...
First things first will be the longs and shorts chart which shows the longs have dropped some 30% since the April Fools Day Pump and the shorts have gone the opposite direction, up 45%. Now, in general the idea is most traders will be wrong, and 90% of margin traders will lose 90% of their money in 90 days. There is also the fact that this is a unregulated...
I myself get somewhat uneasied by using oscillators on the shorts chart but they can show a change in momentum and that is what I am checking to not be on the wrong side of a squeeze. The fundamentals of the oscillators are the same if you use them on price action or the shorts charts, especially if you are looking at longer time frames, a move that is about to...
Due to the fast nature of crypto and the assumption that traders are on the younger end of the spectrum I don’t find it surprising that we seem to have forgotten so quickly the larger structures we are in. I came across the falling wedge for this bear market independently and shortly after lots of others chartists saw the wedge and it became popularize and then...
This is a very big picture post using EMAs on the 3d and weekly charts and simple crosses. The circles show where the EMAs have taken on a bullish stack and the price action found support on the 13 EMA. The trade is closed the first time a whole candle closes below the 100 EMA. The returns are astounding and the momentum is very intense, lots of gains for very...