About meJust a normal cyberpunk trans-girl, developing trading scripts as a hobby.
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EOS @ cybernetwork
Presently retesting the 200 SMA (thick orange line) as resistance on the daily.
Need it to pierce above the 200 SMA and turn it into support.
Likely to come down to revisit the 40~42k USD level again first.
The 21 weekly EMA (red line shown in the weekly chart below) presently resides at ~40k USD.
Confirmation of the...
Redrawing the Phase divide lines.
We could presently still be within Phase C of a Wyckoff Accumulation.
A clear break above ca. 42k USD (setting a higher high on the daily, and also > 21 weekly EMA) will ensure confidence of a continuation of the macro bull cycle.
Idea negated if price drops below ca. 32k USD; and next target level is at approx. 25k USD.
Potential swing trade opportunity to DCA into. Setting stop loss slightly below previous low.
No need to rush into this trade but to slowly positioning into it, while observing how the chart evolves on the lower time frames (i.e. 15mins, 30mins, hourly), and adjust stop loss/strategy as necessary.
If stopped out, will then reconsider re-entry, or perhaps to wait...
Higher low and higher high set on the 4 hrly.
Wait for retest of the top of the triangle as support for confirmation.
BTC had already retested the 61.8% Fib retracement level at ~30k USD.
Next level to look out for is the 38.2% Fib retracement level (@ ~43.6k USD), followed by the 23.6% Fib retracement level (@ ~51.8k USD).
Continued analysis from:...
Considering the number of fake outs that had occurred in both directions with no proper follow through.
See this youtube vid by uncomplication, who noticed the Wyckoff Distribution pattern being formed before the follow up dump down below 50k USD:...
Broken out above the orange 200 SMA on the 3 hourly.
Presently retesting the 200 SMA, on the backdrop of BTC having pushed back above the previous sym triangle line.
To consider entry when candle closes above yellow dotted line after successfully retesting the 200 SMA and bouncing off of it.
BTC had broken down from the yellow symmetrical triangle, and had been going sideways along the first weak 32.3k USD support. The fact that it grinded sideways rather than bouncing off it was already sign of a continuation down soon from there (which it just did), as bulls ready to step in at that support level would be rapidly depleted .
Next targets to test....
While BTC remains indecisive with multiple wick downs by now on the lower timeframe below the symmetrical triangle (see previous published chart analysis of BTCUSD below), but with no follow through on the higher timeframe, the Ethereum chart is instead looking bullish, ranging in an ascending triangle with bullish ichicloud closing in from below. Need to wait for...
Another way to re-draw the triangle for the bulls clinging on to that last bit of hopium for any remaining bags still being held on to.
..stop-loss to be set close below the red dotted line..
Continuing from previous analysis:
At the same time, consider the bearish scenario,...
Here's one of the charts that I have decided to share, among the few alts that I am presently treading alongside with BTC.
Trading alts IMO is in a way trading BTC, with leverage, w/o the risk of being liquidated.
Trading w-pattern breakouts within an ascending triangle. Waiting for breakout above the ascending triangle (thick solid green lines).
This published analysis is a further follow-up from my previous analysis, with the breakout now confirmed:
BTC have confirmed the breakout of the yellow sym triangle on the hourly. With TD approaching a 9 again, probably, it will come down to retest the top if the sym triangle again...
Still staying in my long positions for BTC and alts. Updating stops accordingly, e.g. at just below the top of the sym triangle trendline for BTC.
Continuing from my previous analysis, see:
Confidence in breakout will strengthen after at least 5 more candles closing above top of...
A symmetrical triangle pattern is now forming as BTC consolidates further, remaining below the 38.2% Fib retracement level (drawn from the Dec'18 bottom to the latest ATH).
Waiting for breakout. Bullish and Bearish measured move targets as indicated by the yellow vertical arrows.
Weekly candle could potentially close as a bearish shooting star btw.
BTC is presently being rejected by the top of the ascending wedge.
If BTC breaks out above, that would be confirmation of the bullish inverse head and shoulder pattern (as drawn) with a measured move all the way back to ~50kUSD, as well as above the weekly 21 EMA which will confirm a continuation of a macro bull cycle, if the weekly candle does indeed manages to...
On the macro scheme of things, the recent dip looks merely like a healthy correction down to the Ichicloud (my modified settings), before bouncing off it, on the weekly chart -- rather than an onset of an early macro bear cycle.
Ichimoku Cloud (CyNet):
Speed and extend of recovery will...
Bear flag continuation pattern.
Measured move target at 29.6k USD.
Continues to be rejected by the red 21 EMA on the 4hourly:
Thick orange 200 SMA on the daily fails to hold:
Unlikely to close weekly candle above red 21 EMA:
This may mark a...