Voodah

Voodah

Anyone doing anything with heavy use of Linear Regression? Upwards crossings of the 1D LR (200).

Voodah

What I'm seeing is hard to show on a single Idea, but I suggest you setup a similar chart and go through the moves in the 1h timeframe (to better view cause and consequence). It seems that for a certain time, the big majority margin position were right (and to me, at that time, it seems like there was one big player moving a very big position around). But...

Voodah Updated 

Be careful if you are overexposed long. These are all bearish signals in play: + Price fails to hold 200EMA & 200sMA + 50sMA / 200sMA Cross + 200EMA / 200sMA Cross + 200sMA rejections

Voodah

Consensus conference coming this week. Let's check out the previous ones. BUT please, don't read too much into this. Three is hardly a sample. Here are the zoomed out images: 2015: 2016: 2017:

Voodah

More down yet?

Voodah Updated 

Be careful if we don't hold this level and then fall below the 200EMA at ~8.8k. Let's see what happens.

Voodah

Since coming back up from 6k, we've had a series of longer than usual consolidations on every level. What do you think? Healthy or lack of strength?

Voodah

A 200MA is the average of the last 200 candles. Which means, after a top, it will take ~200 candles (give or take a few according to how much the price has diverged form the MA) for the higher prices to start disappearing from the rolling average. If within that period the price fails to go above and hold the MA, the MA will inescapebly twist down. This is what...

Voodah

Here goes a clean chart with some levels I watch.

Voodah

The fractal from the previous overshoot of the sub-trendline (see ) seems to fit pretty good with the current lines we've got going on. Let's see if how it pans out. This is for fun tho so be careful !

Voodah

Some targets for the current dump.

Voodah

The Ascending triangle is usually a bullish pattern, but it is also a continuation pattern and we're on a heavy downtrend, so be careful, it might break either way. You can still play the range within for small scalps, or wait for a breakout confirmation of a bigger move.

Voodah

The solid lines are the major trendlines, created like we normally do using the first peak and a following one. The dotted lines however, are lines I've been drawing for a while that I call sub-trendlines (haven't really seen em anywhere else). They are all drawn the same way, by using a peak before the move to the ATH/local high and a peak after it, as shown by...

Voodah

One major question to me as far as how to trade BTC is whether we are in a major market cycle crash (~80-90% retracement) or just a correction within the current long term cycle; albeit a big one. From what I can tell, that question is still open. I see in the charts a lot of effort expended to either: a) maintain certain important price levels, meaning we are...

Voodah

Time Cycles since the beggining, ATH to ATH. Interesting that there seem to be mini sequences. First 2 roughly the same, then double and 3 and 4 roughly the same again. After that I want to believe we are entering into short-long-short-long market cycles. Guesses for next cycle ??

Voodah

I noticed there is some confluence on horizontal resistance and the current wedge. Let's see how it goes.

Voodah

Hope you've noticed these by now. Let's see how it pans out.

Voodah Updated 

We broke the major trendline (as drawn in a linear chart), but beware, we've crossed this once before and came back down. Watch out for the action at the top.