gregoirejohnb

gregoirejohnb Updated 

VeChain hit new highs and the daily chart looks excellent. We're looking to pick up a retrace between 0.0172 - 0.0176, with a stop around 0.017. Altcoins like to spike up and bleed back. This is a low risk trade.

gregoirejohnb Updated 

1) BTC threatened to dump, but stopped trending downward and went into a trading range. 2) Over the weekend, BTC tested both sides of the range 3) Range Expansion in the upward direction going into this weeks' open means the trend is up again! No targets. We're going to ride it until the trend changes.

gregoirejohnb Updated 

1) Drop from all time highs on high volume 2) Went into a trading range and failed to make higher highs 3) Volume increase on another drop 4) Range expansion to the downside No price targets. We're just to let it fall until we get into a trading range again. Idea invalidated above 19.6K.

gregoirejohnb Updated 

This technique can be used on the Donchian channel (above), Keltner , or Bollinger bands . 1) Trending phase where price "walks" one side of the channel 2) Retest of the opposite side of the channel. If you like oscillators, they'll show a new momentum high here. 3) Failure to make new extremes in the trend direction 4) Enter on a cross of the basis (mid point of...

gregoirejohnb

Direction: Short Entry: anywhere from 3800-3875 for a limit order OR a sell stop at 3799 Stop: ~3910 Target: 3,500 (all prices BitFinex) Descending triangle in a down-trend, with declining volume and spreads. To see a perfect example of a descending triangle in action with this volume profile, zoom out to the BTCUSD weekly chart for 2018. Entry isn't important...

gregoirejohnb

The 7750 level was the resistance level in June which sent BTC to the depths of 6K. Now it's being used as support. The VPVR gaps mean we'll likely zoom back above 8K, go sideways, and then zoom to 8900. This is one of the best setups you'll find. Target: 8900. Trade duration: 1 week. Stop: 7500-7600 depending on entry and risk.

gregoirejohnb

BTC trends change direction with RSI divergences on the daily, as shown above. The general strategy is to bet with the prevailing trend until a new divergence and/or trend emerges. Sometimes, like the capitulation spike in February, a divergence isn't necessary. Until this big dump, we didn't have a bullish divergence or capitulation to change the direction. Now...

gregoirejohnb

Sad you can't short BTC on Binance? Maybe you can! BNB appears to have an inverse relationship with BTC. If you think BTC is going down, buy BNB.