mortonpeak

mortonpeak

up and down again, here is the pattern in the active BTC market This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation

mortonpeak

assuming things don't sour on us, a moderate and optimistic recovery path, given today's average trading range, minus anomaly crash pitchfork from last post, accomodating last 5 day mean This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of...

mortonpeak

Since this am we experienced volatility in BTC. Here is a potential recovery path, today, with fibs at 15.0 and 15.4K Trends drawn with respect to the prior four days, as a pitchfork along the collapse today. Should model some forward movement, absent shocks/ externalities. Pitchforks is not as dramatic as it could be, just wanted to not spoil the price...

mortonpeak

We see lots of neat jumps in price, but it's really about establishing a parallel channel for daily trades. You can see the dramatic run up accompanied by a parallel run. The run-up is hard to buy into and hard to predict/ scary to buy into. Average daily productivity of the parallel is +4%, pretty good if you are an ETF This document is for information and...

mortonpeak

obviously bullish day This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation

mortonpeak

unbelievable fidelity to fib retracement since last bottom/ observed bottom trend change trying not to predict an overly optimistic rise, but this trend beats prior ATH soon, must assume we fail to do so day trades since the new year are worth on average 11%. Hence the rapid rise. But the fib has served as a guide to this week's price recovery, pretty...

mortonpeak

hey, knock the futures people all you want, but with the coming arrival of several crypto ETFs, on the heels of the futures open, it's becoming a stable marketplace. Look at this chart! Each day there is a likely dump at US East coast start, then we march up. What could be a better environment for day traders? Look for a big pullback, but you're probably...

mortonpeak

since 16.5k is in reach, I think it will get there sooner rather than later. BTC market is a get-er-done place when it is bullish bullish ascending triangle here, ready to break out on low RSI coming up This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding...

mortonpeak

during the epic pullback, several terraces in price were reached, and exist as important ceilings of resistnace, currently btc can reach them in next 24 hours with current momentum, maybe today

mortonpeak

overcoming bull signals on last night's asia close thanks, china (for crushing the 50% resistance) now it's up to US to play with this, see where there is demand I would like to see a big dip to get the party started, get this day trade underway holders, hope you're happy get read to see some red after this nice pullup This document is for information and...

mortonpeak

BTC exiting its natural mean growth rate recently has given it household attention After falling to earth it is returning to mean growth The adults are in control of it, hopefully they are willing to make it do tricks, on the day trade

mortonpeak

pitchforks are the most biased form of TA I know of, so I drew a worst and best case set, red/green If we're out of the bear category we're riding the following trend line. I personally doubt that the futures colluders care if we go to 20k. The institutional crowd doesn't plan to help HODLERS get to 20. It's worth more to the institutional crowd to lock in...

mortonpeak Updated 

btc, a penance of penants... over 3months, a definitive penant formed, now we are breaking out of it? We'll see later today, but it spells good news for folks in the btc space. penant signals continuation of trend in bullish markets. We've been through a three week consolidation, epically, and now we may be on the way out many other such bullish sentiments out...

mortonpeak

cant project this at the 15 minute level, but at the one mninute level, plenty of price suppression. Someone is fighting prices rising at this level. I say let it collapse for the time being, get better deals that way This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a...

mortonpeak

bat is absolutely formed, whether you wait on the H/S or not might want to stay out of the am trade truth be told, btc could tell both patterns to f**k off and burst through it. The nutty bulls are back, and the big drops are sucker pulls, to get people into the market. With thousands upon thousands of traders looking to participate in a run, it could become...

mortonpeak

we'll watch the dropping rsi to see if this higher low is sign of today's growth, likely after yesterday's demand cycle, people are waiting on this thing to move This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without...

mortonpeak

ascending triangle for today? Awaiting some confirmation for tops of next few RSI cycles, but likely going to get started with a rally once we wipe away likelihoods of drops/corrections in price This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a...

mortonpeak

effective ranges today, US time, based on average support and resistance ranges, last 5 days I think we are out of vacation now, so let's get to work driving value for people -- CME and CBOE people, we are working together here -- if you want your BTC to work, let's build a solid trading environment. There are plenty of us ready to depart BTC, so show demand or...