the1747trader

the1747trader

Hi all, I'm looking at the intersection of two charts here: SPY (S&P 500) on top US10Y-US02Y (10 year bond yields minus 2 year bond yields) on bottom Red vertical lines indicate historical reversal areas White diagonal lines indicate RSI divergences Blue path indicates inverse correlation between the two charts The inverse correlation between bond yields and...

the1747trader Updated 

Hey all, I have been waiting for this trend break since about 35-40k when the curve had enough points to be legit. This downtrend has been active since 69k and it has finally broken after being very tightly followed all the way down. We are below the 200W MA but I think this is a good a spot as any for accumulation to occur. We have a nice set of 3 bottoms which...

the1747trader Updated 

I've been waiting for this cross for quite a while. Weekly short-term averages crossed over which is followed generally by a significant drop. In bitcorn's case, the best target we have at this point is the 200W MA at 23,000 currently. This has held up after every bear market since its inception. Weekly RSI has been sub-50 since Dec '21 which corresponded to the...

the1747trader

It seems to me it's in a clear ascending wedge on its final impulse in this Elliot wave diagram. Entry is at 4.62 or 5.16. Stop loss is below the wedge at 4.5. Targets are the same at 6.7. The first blue path is if it retains the parabolic trend that its on, the second is if it breaks that trend but it remains in the wedge, and the third is if it breaks the...

the1747trader Updated 

Hi everyone, seems like we're floundering about in between cycles here. Every single indicator I have points to us being mid-trend including: 2-Year MA Multiplier www.lookintobitcoin.com 200 Week Moving Average Heatmap www.lookintobitcoin.com Stock-to-Flow Model www.lookintobitcoin.com The Golden Ratio Multiplier www.lookintobitcoin.com and of course the Pi Cycle...

the1747trader

Hey all, i think due to the shape of DOT's previous run, it made sense to think of it in terms of a channel instead of a standard fib retracement/extension. Currently in XLM but can't wait to get back into DOT! Looking to triple in these coming months at least. Everything looks awesome for the next 6 months.

the1747trader Updated 

Hi everyone, There are a lot of opportunities lately! I had never really intended to buy LTC but this looks like a great time to do so. Weekly USD RSI cross above 50 and bounce, resting on supports without a major breakout yet. First target is 225 (20% increase). Weekly BTC ratio looks to be bottomed out with a steady increase in RSI to the midline (although...

the1747trader Updated 

Hi everyone, Looks like virtually everything is in an uptrend so here's another of my picks for the coming run (assuming this continues). MLN is something I saw a couple years ago but never picked up, and now I think it's a good a time as any to hop in. Averages are all positive and strong, RSI is above 50 which indicates that it is currently in an uptrend, and...

the1747trader Updated 

Hi all, I saw a few people in the chat mention DOT as a candidate for a huge run and taking a look at it myself, I believe that's close to coming to fruition. What I see is a weekly W pattern with midline bullish RSI trend, positive 14/47 (my equivalent of 20/50) EMAs, equally bullish USD and BTC pairs. I'm 60% in and I am absolutely confident that this will run...

the1747trader Updated 

Hi everyone, There are a lot of opportunities right now but the one I am most comfortable with in the meantime is PLAYDAPP. As the majority of the volume and history is visible on the KRW chart I’ll be posting that and using it for targets. I’m watching the 4hr and I see some incredible consolidation after a 500%+ run. I’m very confident that there will be a 15%...

the1747trader

Profit targets are based on these levels and have been converted to USD from KRW.

the1747trader

Hey all, this is just my take for the next few months for btc. It's hard to say where we're going to go in the immediate term but I think this current move on btc is too strong to be sustainable. There is a LOT of guessing here lol but I wanted to lay out a possible buy entry before the real run, and that entry ends up at ~38k. Let me know what you think!

the1747trader

My entire portfolio is CLV and I think a breakout is imminent (T minus ~6-12 hours). Volume has increased from the precious swing high and shows momentum is increasing with a ton of consolidation at around 1.10. The risk reward here is just insane and I'm all for it. Major fibs are (still) at 1.37 (first real break from downtrend), 1.5, 1.66 (last swing high),...

the1747trader Updated 

Entry @ 1.2 (retest), tp @ 1.45, 1.59, etc Parabolic trendline prediction based on the 3 points that we currently have. Likely 2 days for takeoff if this works. Trendline break, rsi div, or support break are all exits. Good luck!

the1747trader Updated 

Hi again, wanted to update about BTC as patterns have changed but the general trend remains the same. We are now underneath the support we have been bouncing off of for the past 2 months and the moving averages have finally caught up. Weekly has closed under a major support, 2D is under the 200 EMA, 4hr 20 EMA is about to cross the support which will be the nail...

the1747trader Updated 

Edited the moving averages from the last post. Targets remain intact. S1 at ~1000 and S2 at ~650. We are in a clear bear market and have just broken the 0.786 retracement level and crossed key averages. More doom to come and looking for buys at 0.618 and 0.5 levels. 50% buys set for $1100 and 50% at $650. The orders may be active for several months but I'm...

the1747trader

Hello there, just wanted to give a quick update to BTC's position in this current cycle. Dippers have bought the dip but we are technically within an overwhelming downtrend based on historically relevant indicators so I think a buy is unwarranted. I have been calling for a rejection of 35k for several days now (since 29k) and I just wanted to lock in my...

the1747trader

Within the past 3 years, BTC has only been below 30 on 2D RSI twice and that was the bottom. I was confident that this was not the bottom yet and I wanted to give another perspective. Next targets 22k and 16k based on fibonacci retracement levels.