gregoirejohnb

gregoirejohnb

1) The original long was at $32 with an exit at $42. Not bad! 2) A sharp drop, followed by consolidation followed. Which direction would it break? 3) It broke up! The crypto market is in full bull mode again, and DOT has joined the party. Stats are from 1/1/2020 to current using ~2% risk. This is an attractive trade because the range just recently broke. There...

gregoirejohnb Updated 

1) We have range expansion to the upside, kicking off a huge gain! 2) Volatility deadened out the past week, making a descending triangle type formation. It has been hugging the lows, which is never a good sign. 3) The range broke out to the downside. I'm not a fan of shorting crypto, but if that's your thing then go ahead. Probably take profits on your long, and...

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gregoirejohnb

RSI is the most popular indicator, according to TradingView. So why does it test like garbage? I show you backtest results using several RSI strategies: Crossunder from overbought/crossover from oversold (the default RSI strategy provided by TradingView and suggested by Wilder) RSI + EMA 200: is RSI profitable with the trend? RSI + ADX: is RSI profitable in...

gregoirejohnb

1) ETH previously kicked off an uptrend around 1700 to make new all time highs. Great! 2) Price went into a range, stopped making new highs, and consolidated. 3) Unfortunately, the range expanded to the downside and we can likely expect some continuation. FILUSD kicked off the crypto dump last night, as seen in the related idea. I'm not a fan of shorting crypto...

gregoirejohnb Updated 

1) The past few weeks have seen sideways movement or a slow bleed down. 2) Price went into a range and compressed like a spring. Which way would it pop? 3) The range expanded UP! The trend is up and we can bet on upward movement. Visa apparently will use crypto as the backend for some transactions. The whole crypto market jumped up on the news. Entry:...

gregoirejohnb

1) QQQ started a downtrend in the middle of February, closing out our long positions as detailed in the related idea "Time to take a dump" 2) The market decided to bore everyone to death rather than move up or down. No trades were taken at this time. 3) The range contracted, and then expanded up again! Volatility is increasing and in the upward direction....

gregoirejohnb

1) We've had a lot of sideways action these past few weeks. Uptrends turn to downtrends turn to uptrends, etc. 2) BNB tests the lows and turns right around. Forget about bullish retests! 3) BNB goes into a range and pushes to new highs on low volatility. At a minimum, it looks like the worst of it is over. Entry: immediate Stop: $15 trailing stop, OR exit on a...

gregoirejohnb Updated 

1) Decentralized exchanges (DeFi) like Uniswap, Sushi Swap, and Pancake exploded onto the scene in 2020. This is an area of huge potential growth. 2) The crypto market as a whole cooled off a bit, and UNIUSD briefly tested the lows. 3) The range expanded to the upside and we're going up again! BTC made its' big move, and now alts are trending up as we can see on...

gregoirejohnb Updated 

As seen in the related idea, UNIUSD is trending up. BNBUSD now joins it. Why? Binance has the decentralized exchange Pancake swap, which just hit all time highs in volume. As we can see in the chart, BNBUSD has been consolidating back and forth between long (green) and short (red) positions. But now it's back on the uptrend with range expansion to the upside!...

gregoirejohnb Updated 

1) The market made all time highs by passing $60K. Nice! 2) Unfortunately, this was short-lived. 3) BTCUSD went into a trading range, but didn't stay there long: we have a range expansion to the upside! BTC seems to be the leader in the market right now, but I'm sure alts will follow King Kong. Stats are from 1/1/2020 to current using ~2% risk. Will we pass...

gregoirejohnb Updated 

1) ETH made all time highs, great! 2) A high volume drop signaled there was more to come. ETHUSD would lose ~25% over the following days. High gas fees and DeFi competition from BNB were blamed. I took profit at this area, as seen in the related idea on BTC. 3) The entire crypto market just couldn't drop lower that about a 25% drawdown. When price stops making...

gregoirejohnb

1) Range expansion to the upside kicked off another good run, which my system caught for +11.5%. 2) The trend was grindy. Alts moved faster than BTC (especially DeFi), which may continue. You can my previous trade in the related idea: "BNB might be the alt to bet on". 3) New highs saw zero volatility and BTC went into a range. 4) The range expanded to the...

gregoirejohnb Updated 

Could this be the run we're waiting for on ETH? 1 & 2) While the rest of the market climbed fast, ETH had weak attempts at making new highs. 3) A steep drop was quickly bought up. 4) After more consolidation, the range finally expanded upward. This is the breakout we've been waiting for the past few weeks. Entry: immediate Target: until the trend changes...

gregoirejohnb

1) My previous related idea, "Ride the tiger with QQQ" kicked off an uptrend when there was a range expansion to the upside. 2) After a good climb, the market cooled off a little, but didn't change trend. Note the lower channel touch, but no expansion. 3) The market made new highs on low volatility and failed to reach a trending state. 4) The contracted market...

gregoirejohnb

I love crypto, but hate vaporware. This is why I like BNB as a project: it has a use. Think of BNB as a loyalty program for the best US-crypto exchange, Binance. BNB was initially released to raise money to build out their exchanges, and using it to pay fees on Binance gives you a solid discount. Binance destroys some of their BNB, reducing supply, every so often...

gregoirejohnb Updated 

1) BTC started a new uptrend, which I caught a 40% move with my system as seen in the related idea. 2) Price went into a range. No problem after such a big move. It needs to consolidate. 3) Would price hit 50K? 4) Nope. There's now range expansion to the downside. The stats are from the start of 2020 to current using ~2% risk. Short trades have been terrible over...

gregoirejohnb Updated 

1) Price made new all time highs but retreated as BTC pulled the crypto market back. 2) The downside was briefly tested, but went nowhere. The channel contracted in preparation for its next move. 3) and we have range expansion to the upside! The trend up is the path of least resistance. ETHUSD is following BTCUSD, a trade I already caught before Elong Musk pumped...

gregoirejohnb Updated 

The past few weeks have been filled with whipsaws. While annoying, they're just part of trading. 1) A big dump to under 30K, for a drop of ~25%+ from all time highs. 2) The market tried to rally again... 3) ...only to get rejected again. High timeframe volatility has been decreasing. However, the downtrend didn't last long. 4) The range expanded to the upside!...