infbp22

infbp22

Let me know your thoughts! Bitcoin is approaching a massive resistance zone, and ETH is no exception to that zone. I have an auto buy set at $205 to try and catch a wick, but will realistically try to lock in ladder buys between $197-199. I'm picking this trade because it presents a nice risk to reward ratio. The stop is set to $210.50 for onl ya small loss, and...

infbp22

Well then! That was quite a blast through supposed resistance at 7300. I did have a small short get stopped out, but it happens! Re-evaluating the chart, what I should have focused on was that we had broken through the descending resistance line on the 4 hr chart and successfully retested it. We were also at the bottom of the channel and maintaining support there....

infbp22

After closing my last long, I've been observing for a possible short. I did open a small one around $181 on ETH, but you should always be patient and wait to see what the market does after you've completed a trade. Now that we've waited, it appears we are developing a rising wedge which is bearish. In addition to the substantial overhead resistance, dwindling...

infbp22

Price action moving as predicted. I ended up closing this trade around $7100 only because I have a busy day ahead and cannot keep an eye on it. If I were still in the trade, I would look for a bounce off the new descending red line followed by continued upward movement. I would close the trade somewhere in the green box. Based on what happens there, I will be...

infbp22

Price went down to my desired price. Did ladder buys and have an average entry of $6851. Lets see if this busy intersection holds price in place. I'll be targeting the other busy intersection above, keeping it under the heavy resistance at $7300.

infbp22

Lots of dirt cheap buys out there in the market, but will it drop even lower? When it does recover, will the companies you invested in recover as well? Will the even be around to see it run? Its a very interesting time indeed. The catastrophe in 2008 definitely made some people very rich, lets all try to be in that boat this time around! The current trend looks...

infbp22

Good morning! Closed out a small short on ETH @ about $177 early this morning for a healthy profit. It's been fun dabbling in day trading again. Coming into today, my focus is back on BTC. It fell out of a small descending triangle, but price popped back up above the dark red support/resistance line. I imagine price will linger in this area for a bit until we...

infbp22

A look into what I'm looking at when actively trading. A lot more cluttered, I love information and ideas. An example would to be use my nitches (use what WORKS for you). I like this "EMA confirmed cross over" method, coupled with identified resistance/support zones, FIBS, and common reversal patterns. Double tops/bottoms, ascending/desending triangles are some of...

infbp22

A quick look into how I day trade crypto. I watch XBT always. I do chart ETH but only as a reference or identifying potential TARGETS not trends! BTC is always the deciding factor of which way ETH will go. When I open a SHORT, I watch XBT but short ETH as it will always drop at a greater rate. In this case, you can see my target is only about 2.5% on the XBT...

infbp22

High risk? Yes. Massive growth potential? Worth it, in my opinion. This will get a chunk of change for a long term investment.

infbp22

The last bullish movement was nice for a short term trade. I did end up closing it out at $7300 however. My intial feeling was that hitting 9k+ at the top of the channel was more likely, but now we face many obstacles. Zooming out to the daily: 1) Resistance met at 1day 100EMA and 3day 200EMA. 2) Bearish rising wedge still being built. 3) Price gain is weakening...

infbp22

I see a lot of people trying to make the current pattern fit into the wyckoff theory. Yea, it looks a bit close, but remember this is a volatile market that doesn't follow a lot of rules. In my chart you can see the rising wedge which is also considered bearish, but it honestly has more of a bullish ascending triangle feel to me. Ascending triangles continue to...

infbp22

BTC has dropped below a very strong support zone. In the past, it has wicked below but always closed above this zone. The last time it didn't, is when price fell to the sub 4k territory. The weekly closes at 5pm PST, roughly 3 1/2 hours from now. Having two long rejection wicks on the weekly, as well as closing below support, will likely send price further...

infbp22

Not encourging anyone to jump on a stock that has had a continuous bear trend even through the greatest US market run in history, but it may be worth a gamble here. If it can recover (as it has in the past) the gains could be fairly absurd. As you can see, buying in now and then achieving its previous high will be almost a 600% gain. Again, not encouraging anyone...

infbp22

I believe we are approaching a good area to jump on the APPLE bandwagon for those that felt the train had already left. We are approaching some confluence of support, which may hold and bounce out of the golden pocket. More likely in my opinion though, we may see retrace to around th .768 FIB. This would put us near or at the 200 EMA. History shows that Apple has...

infbp22

Crazy times all, but from a technical analysis stand point, BABA looks like its in another good buy-in zone for those looking to get on the wagon. I adjusted the channel a bit. We are at the bottom of it, including more confluence of support (blue line, golden pocket of the FIB retracement, etc. We're having a black swan event. Look at the overall trend of the...

infbp22

ETH is interesting right. Some indicators of a possible bounce zone here are: 1) Confluence of support 2) (kinda) Bullish divergence 3) Recent golden cross on the daily 4) Volume and RSI looking good I think if the first support line (dark red line) holds then it may have some more decent upward movement. If it doesn't, it may end up between the .618-.786 FIBs...

infbp22

Revisiting and readjusting previous charts. So far we completed Step 1 and step 2. I've modified the falling in wedge into what looks like a decending channel now. We DID NOT accomplish step 3, which was hitting a higher high. It was close, but no cigar. Right now the 4 hr is also showing bearish divergence. We could very well be heading back down to mid channel...