infbp22

infbp22

Interesting thing I discovered today. Check out price action at every 16:00. Large red or green (mostly red) candles right around that time, very day. Who's building all these Marg and Bart heads? When will it stop? :)

infbp22 Updated 

Hello hello! Alt season again? ONT has broken into oversold on the daily chart. In its current spot, it's find a bit of support with confluence, and is showing a "9" on the TD sequential. I'm not entirely convinced yet, especially if BTC takes another dip. If we don't reverse here, I'll be looking at the green box for a reversal. Could provide some very nice...

infbp22

Good morning! So, the HS and IHS became super popular a couple months ago. In my opinion, they rarely play out on bitcoin so don't get excited. Remember, there are many more variables to consider. If the right should DOES complete, I see a fake out followed by a decent dump possible happening. Don't get fooled; there is major resistance in the way and seemingly...

infbp22 Updated 

Good morning all. Some people may have gotten excited about the large descending wedge on the daily. I personally ran an awesome short and here's why: 1) We formed an ascending wedge with four solid points of contact. 2) Volume continued to decline, even at breakout point. 3) The daily printed a shooting star candle at the point of breakout. This is a clear...

infbp22

WAIT for confirmation! Great R:R set up right now. I don't do FA, so if this timeline interferes with any upcoming events, its on you!

infbp22

ETH has been held down by descending resistance (orange line) since its last run up on May 5th. It has finally broken free of it, but we want to confirm it's not a throw-over first. I'll be very bullish if we correct out of this ascending wedge and bounce off either green box. Preferably the lower one, as we could get a wick below the orange line to test the...

infbp22

See what I'm seeing? that's right, nothing. Diminishing sell volume and no buying interest in sight. Could really help our mini alt season happening now. We are reaching apex's of patterns, but still not convinced anything will happen. Quiet before the storm? Use caution trading in chop/no-mans land.

infbp22

Will history repeat its self?

infbp22

BTC is currently being supported by an old FIB line. The FIBS were taken from the bull run starting April 1st to May 5th which almost took us to 10k. This blue FIB is the 100% retracement for that run. Regardless, we are still in several short term bearish patterns and plotted what I think will eventually happen. Note: These aren't meant to be accurate Elliot...

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This is a potential scenario. If we fall below the rising wedge we can be prepared to short. Better confirmation would be the body of the candle below the pattern line. Next, even better would be a retest of the pattern line, followed by a rejection. In this scenario we can expect a downtrend to occur. The expected drop from the wedge lands right on one of my fibs...

infbp22

Good morning and Happy Fourth of July all! Bitcoin has been making some great moves lately. It appears there is actually some buy interest now instead of bears playing games. However, even in a bull run we need healthy retracement to reload the coil springs. I'm not bearish at all by any means, but will be looking for a short. On the 4 hour we have almost...

infbp22

Switched up my trading style to accommodate the current market conditions. Technically we are in a "no trade zone", so all trading should be executed with extreme caution and risk management. If yo aren't confident, i would just stay out of the market. I've been short ETH lately and have been using rays off previous lows as well as channels to execute 1-3% margin...

infbp22

LRC is sitting in a strong support zone at the moment. It is also in the golden pocket between the .618 and .786 FIBs from the previous run up. If it breaks out of the ascending triangle and clearly above the upper red line, this may signal a reversal. ALSO, they are airdropping $LRN beginning July 5th. If a major exchange announces support, this could rocket price IMO.

infbp22

Update on the "TA doesn't work" chart I did for the shorts. Put my expected target (pink FIB.) Hoping it gives us a better squeeze on BTC, hasn't been to impressive thus far.

infbp22

NXS looks like it finally may turn around here if the daily closes around this position. It formed a tweezer bottom, possible bullish spinning top reversal candle, and is close to our expected support zone in both price and RSI.

infbp22

Pulled some data on BTC shorts. We could have quite a BTC pump if we get a short squeeze. It's already taking off and no short squeeze yet. This could make us launch above 8k. Hopefully this helps give an idea of where to expect RSI to stop as well.

infbp22

FLO is a hidden gem on Bittrex. Of course, keep up with the project and make sure it's actually going somewhere. Might be heading out of the triangle soon. RSI on the daily is finally oversold. If it hits its previous ATH, that's over 500%. Yep, over 500%. Have a small bag of it, kind of my "for fun" gamble coin.

infbp22

Hey everyone. Have to take the time to thank a fellow trader for making an awesome observation. Bitcoin was moving sideways yesterday but was showing a "barbed wire" style movement; pretty crazy wicks up and down. He identified that the last several times we had barbed wire we went down. I opened a short with a tight stop with a full 1.0 BTC and was able to close...