hardforky

hardforky Updated 

As I'm second guessing the BTC market so I was looking at the trends from another angle - I crudely drew in the Coinmarketcap total market capitalisation. BTC directs the market but if the whole market is correcting then it is worth noting that the market is still off previous bottom and has a declining trendline. Yep more FuD but I think many want to buy and...

hardforky Updated 

I've been bearish and resisted buying anything lumpy to date. However I have taken some small trades for beer money. - the price hit my (adjusted) E3 buy point which is based on the previous low's uptrend / floor price (in green - ignoring the manipulation spike down) and the mid-term down trend (red). - indicators look positive and MFI / MACD dipped into the...

hardforky Updated 

Still observing and experimenting with Money Flow to see if it has value in determining outcomes of this chop. See previous idea. Looking at the 1 hour, whilst RSI suggests price may remain up MFI suggests a drop with MACD adding weight to the argument - this is in line with the Daily MFI Analysis and H&S expectation. BNB is taking no notice ;) Best, HF

hardforky

Money Flow Indicator not mirroring the RSI and resulting price hike from today's action on the longer time frames - MFI seems to typically be slower to respond to sharp price change but may suggests overall Volume is not there for it to be sustained? I have been looking at this indicator to see if it can help me predict swings inline with RSI. Watching the daily...

hardforky Updated 

To distract my attention and stop me FOMOing in I've been looking at some alternative indicators to see if there is any new information that can support my outlook (whilst trying to be objective). Money Flow Index is essentially RSI (momentum) with Volume thrown in as I understand it (RSI does not include volume despite many pointing to it as a volume...

hardforky

For me this is a key turning point and potential buying point but I'm watching for now. My expectation is that the trend will be broken, mainly because everyone has been filling their ALT bags and there is no rush to sell BTC right now. Also, each dip has resulted in a larger market cap at the low - which means people are not panicking anymore and willing to...

hardforky Updated 

Short term expectations while on holibobs. I am only partially in at this point so checking in, waiting for confirmation before further laddering in - Expecting at E3. We have broken the initial resistance but I'm expecting a number of swings before any real progression - possibly for a longer period than April's. Note that I have a bearish bias at the moment -...

hardforky Updated 

E1 buy point was hit - weak show from bulls so did not commit. Expected bounce came but watching the nature of it's trajectory and to see if it hits target (7694) E2 expected late tomorrow - Concerned this will fail - Indicators and trends point to a bounce but It's the 3rd touch and last touch was a little dicey. I put this in green to add a little positivity...

hardforky Updated 

Expecting a couple of minor, deeper cuts where i will consider laddering in. Target price was 7340-7380. This came sooner than expected and being a novice I'm obviously apprehensive. I'm not expecting a drop beyond this area but going to watch the price action and see whether the market maker wants to go for more stops. Best, HardForky

hardforky Updated 

Expecting run up to 8,600 from here. Tight stops. Short Medterm

hardforky Updated 

Back from a few days break and I'm pretty much still in bearish mode (which is pretty boring, much more exciting to be a bull). I've moved my previous idea which is still on trend forward in line with actuals and expect double top in the coming days then down. Target C was missed but expecting E to be hit. - I've been bearish for a few weeks and the lack of...

hardforky

Point C was not hit but I feel there is enough bullish momentum in the market to rise further. I've been away from tech for a few days so trying to consume lots of data points to tighten outcomes. - ALTs have been bullish but I am wondering whether this will quickly run out of steam. - Liking the general bullish sentiment in BTC. - why did the bears hold the...

hardforky Updated 

We've reached the end of the trend I / we were all watching. It's beginning to break down. Well done to the bears who muted any rally during the consensus conference. - ALTs are bleeding out - ever LTC which has been super bullish. - Buy walls still present at $8k but I don't trust this. - There is enough TA to direct / confuse out there but I'm expecting drop...

hardforky

Reading through a number of ideas but but I'm struggling to see the bullish market for BTC. I don't think it is particularly negative and I'd like to draw some ideas pointing up into space but i don't see the longer term indicators pointing in this direction or the upside for an investor when the wide market interest is not there just yet (Possibly more value in...

hardforky

Well, I'm hearing that Mt Gox trustees have done it again (which is just the way this world works) but it does make TA redundant - hence me banging on about manipulation all the time. I noticed the news about the coin move a week or so ago, perhaps this added to my hesitation to invest. - Like many, I'm caution about buying the dip. I'm not a HODL'r and as a...

hardforky Updated 

Just tweaked the timings. Initial bounce op hit low and high target back down to just shy of 9,020. I did not trade this following my 'log' debacle and the fact that the initial low was deeper than expected so decided to proceed with a little caution as I wait for a bit more that the trend will hold. - RSI looking negative but I'm now expecting (and added) a...

hardforky Updated 

I'm currently short on trading time but working a few retracements - expecting a bounce from 9,025+ to 9,500 - Expectations are based on historical BTC major corrections and current RSI indicators. KEY Indicators - - Watching the Monthly RSI, BTC is still oversold so a major correction may still occur (sorry for the FUD but this data means I will not HODL until...

hardforky Updated 

Re previous post - see link below. Just with more accurate timings of trend events. Seems to be following the trend down to the 15 minute level. - Trend suggests a series of efforts for the coming few days that will fail (like the one right now pushing to go over $9,100). Added a temporary red dotted line inline with some additional data I'm looking at. Best, HF