wmcphail

wmcphail

Using simple trend lines to give a view of DXY from a discretionary trading point of view. EURUSD is 98% inversely correlated to DXY, so one can trade that pair accordingly if you cannot access DXY futures. Typically, DXY is also inversely correlated to BTCUSD, but today they appear to be moving up in unison.

wmcphail

Shooting up +10% to liquidate. Shooting down immediately after -10%. This is a problem in the market. Or maybe we can continue the conversation? Why does this happen? Is it always a pervasive force or are there benefits to such action that are unforeseen to me? I truly would like to learn more. Because - to me - this does not represented a healthy market. It seems...

wmcphail

BTC Breakout of 28k rejected, LTC to resume back into descending channel?

wmcphail

Just a clean chart, looking at some market structure trendlines and highlighting the fibs of the most recent moves.

wmcphail

It seems BTC does not want to do the old H&S dump. I listened to some people and updated my chart accordingly.

wmcphail

BTC Breaking down out of its consolidation. To me, it looks like a head and shoulders on the 4H.

wmcphail

Double bottom pattern on the OB, riding long and grabbing some pips. Thanks!

wmcphail

just a clean chart, trying to observe what is taking place

wmcphail

This is absolutely pure copium. I love drawing lines on charts. Happy thanksgiving everyone.

wmcphail

PLEASE POST HOW YOU SEE THINGS in the comments!!! I love hearing from others; I am always looking to gain a new vantage point. Let me know what you think!

wmcphail

this is what I think is happening SHORT TERM ada pump --> dump

wmcphail

for my own purposes; mock long position; want to work out the trade on paper or google sheets; R:R/ margin / leverage; practice

wmcphail

this post is for myself to track my own ideas; brief description not really needed here, just filling up character limit... thanks trading-view but yeah idea is a projection of a sin curve w/ tilted angle; don't know what candles will say; look like inflection point on 200 Day SMA if BTC relief rally --> ETH rally --> ALTS rally as rising tide lifts all boats;...

wmcphail

Matic (Polygon) has recently launched their zkEVM. This was bullish news and we saw a price action breakout of the downtrend that resulted in an 85% move upward. Loopring (another L2 that aims to accomplish similar objectives), is releasing their zkEVM quite soon. We don't know exactly when, but the hope is it will be released or scheduled to be released within...

wmcphail

With minimal costs and fast speeds, LRC competes in the L2 space as a better version of ETH. GameStop intends to - and is rolling out - their NFT marketplace using Looping which competes for the 39B NFT pie. The AMM Liquidity pools on loopring.io offer .2% trading fee for liquidity providers on all swaps, totaling to around ~17% APR. This is really good for people...

wmcphail

Average weighted price is currently 1.50. The current price of is .99 cents. LRC is a fantastic project integrating ZK-Rollups to reduce tremendous transaction costs. It's being picked up by big institutions and the API / back-end is well maintained to support development. Overall, fantastic product and ecosystem. I recommend it. Big adoption will be by...

wmcphail

This is my TA for Loopring (LRC). I believe this token has the ability to double or triple in market cap in the coming few months. I think the risk to reward makes sense for this trade. Let me know what you think.

wmcphail

Money is going to pour into ETH: BTC in light of sanctions. Whether this is a good thing or not - overall - I have no comment. But the effect of skirting sanctions through crypto will be real, and will be large. Additionally, crypto is highly manipulated via leverage; a small swing in effect sets of a chain reaction that has a larger effect. I believe if 3000-3200...