UnknownUnicorn2073191

UnknownUnicorn2073191

I mentioned the resemblance between price action and structure recently between these two wedges. Can you guess the last time we were this low in terms of the Bitcoin volatility index this year? The first week of June... 2.55% now 2.71% - June 8th

UnknownUnicorn2073191

This is what Im looking for. It has historical value. Our bear market has a sample size of 1, that alone has low statistical significance. But all movements throughout from 4-12H show this.

UnknownUnicorn2073191

Right now we are consolidating around the 7000 range and holding the line so far. We have somewhat of a channel from the last weeks low up until this point. RSI has held support since the low as well in this trend. Right now volume is declining and I am not sure this is the rally that everyone is looking for. If we hold the 7000 and have another leg up I can not...

UnknownUnicorn2073191

Everyone is so quick to call bull rally at first movement to the upside. It really goes to show who thinks objectively and who thinks emotionally. There is no room for your emotions in trading. Here are the facts, we have been making lower highs and lower lows since January, the lower we go the more market participants we lose. Right now each move to the upside is...

UnknownUnicorn2073191

Its in the chart.

UnknownUnicorn2073191

Its all in the chart folks. Good to be back.

UnknownUnicorn2073191

It's in the chart.

UnknownUnicorn2073191

Its in the chart, Always confirm with volume as with any trade.

UnknownUnicorn2073191

1- We fell below the 20 ema on the daily which in the last 3 rallies has been the significant point of a reversal to the downside. 2- There could be hope however, since so far we are bouncing off the 50 ema on the daily with a pin right around the .5 retracement as well, if you consider this rally a completed 1,2,3,4,5 structure. I say this could possibly be for...

UnknownUnicorn2073191

Its a step away from traditional TA but bitcoin is looking like it is an experiment in a physics class on the laws of nature and how kinetic energy returns to potential energy. Without a new impulse of entrants we are just running on the reverberations of old energy in the major bull run.

UnknownUnicorn2073191

For anyone who needs help remember these commandments. Thou Shalt... 1- Always know the direction of the overall market. 2- Always know the direction of the various market sectors. 3- Always know what the weekly and monthly charts are showing. 4- Always know what the major, intermediate, and minor trends are. 5- Always know where the important support and...

UnknownUnicorn2073191

This paints a clearer picture. Do you think this market looks attractive?

UnknownUnicorn2073191

Its in the chart. :)

UnknownUnicorn2073191

Twitter has presented us with what could be a great buying opportunity resulting from a knee jerk wall street reaction. We currently are under the 100 EMA and should hold the 200 ema. Twitter had its brush with death earlier this year and since then has made a solid run. I think we will retest the bounce on the oversold region of RSI and at that point I would...

UnknownUnicorn2073191

.762 - .763 Is resistance so far. Most likely to retest .758 at around .5 Fib level before an attempt to break out of range and target .781 OBV is showing a bullish divergence and RSI is now neutral.

UnknownUnicorn2073191

A higher low is in on the daily has been established, however we need momentum and follow through at around 8350 to continue this trend. I would only take this trade if the volume matches the trend as i think it will be a low RR trade and most likely be the exhaustive final impulse at most testing the 8900-9000 range. I think this range will be quite resistant....

UnknownUnicorn2073191

Its all in the chart, Friendo.

UnknownUnicorn2073191

Its on the chart Friendos.