Gouws199

Gouws199 Updated 

Here is my previous post on Twitter showing the 4 bearish signs for Bitcoin that has confirmed my short trade. I will start posting more on TV as well: twitter.com Since the Daily close my trailing stop is now in profit and we have broken down through the channel. I have also been following the progress of a possible formation of a lesser-known continuation...

Gouws199 Updated 

As the title suggests, my fully coded trading strategy, the GT System, has generated a buy signal @ ~$8,015 (~$8,020 on Bitstamp). This is after it generated a short @ ~8,288 on 11/10. This previous short trade was taken with 5x leverage and yielded an absolute gain of ~3.2% on the charts. The trailing stop for the short also became a possible long entry as the...

Gouws199 Updated 

Very self-explanatory. We have formed a channel with two touches either side and recent rejection at the midline. Looking for a retest of the bottom boundaries that could very well coincide with a retest of the 100 DMA and 100 DEMA. Would be a great buying opportunity. If these fail, I would be looking for the 200 DMA and DEMA for the final big deployment of...

Gouws199 Updated 

Been short hedged since getting the "Close" signal on my GTS strategy code at just under 12k (See results of my code over the last 2 years at the bottom of this page). Below is a link to a screen cap of that position on Mex. imgur.com Bitcoin just bounced on the 0.382 Fib retracement taken from the bottom in December to the recent top. I suspect further...

Gouws199 Updated 

Continuation pennant forming, CMF and OBV showing distribution after a drop rather than accumulation. Long to short ration on Bitfinex is also showing more longs than shorts, although both have taken quite a dip. The target for the pennant continuation also lines up almost perfectly with the 0.382 Fib retracement taken from the bottom ~3200 to the recent high...

Gouws199 Updated 

Looking at the 30-minute chart, you see a clear rising wedge just screaming to break down! Volume dwindling, CMF and OBV drying up/going sideways and the Long/Short ratio at 1.35. I added to my short throughout the day and current entry level for the position is just above 7500. Will keep it open with a stop-loss setup above. Now looking at the Macro... ...

Gouws199 Updated 

CMF/OBV Divergences on the 2 HR chart. Same across different timeframes. Diamond top also forming, with the divergences adding to the probability of a pullback at least to the 0.236 Fib line. Although, this might setup a H&S top, leading to further drawdown and a proper correction to this massive move. I will not short this, but I am looking to sell some spot...

Gouws199

Tracking the Linear Regression on the last 4 days, there was a very clear trend establish which slowly ground up into resistance. It seemed an ascending triangle was forming and the violent bounces off of the trend lines re-affirmed the bullish sentiment most were feeling. It provided a great environment for trading the channel and I was able to make some nice...

Gouws199 Updated 

In the last couple of days, I have observed a lot of people draw a comparison between Bitcoin's price action and structure in the first half of January and where we are at the moment. Without completely dismissing the possibility of a similar result (i.e. Failure and subsequent dump) I want to draw your attention to 2 very important volume indicators, namely the...

Gouws199 Updated 

Would it be this easy? Falling wedge after first impulse, 5:1 R/R, CMF/OBV divergence. Let's go! ;) #Crypto #TradingCrypto #BTC #Bitcoin #ADX #ADXBTC @AdEx_Network

Gouws199

Currently Bitcoin seems to be confined to the channel above. It managed to break the midline today and could find support on top of it in the next 12-48 hours and that would be great. The one thing I am being weary off still is the large rising wedge that everyone seems to have forgotten about since we had the bounce yesterday. It is possible still that this...

Gouws199

The regression trend doesn't seem like an often used drawing tool on TradingView but here we see a great application of its use as a trend trading utensil. Check out the wiki for how it is calculated (www.tradingview.com). The regression tool does a great job at eliminating the noisy wicks and overextensions and gives you a good picture of the main trend if...

Gouws199

BITMEX:XBTUSD Simple, target at ~$3900 (XBTUSD). Closing above 3670 (XBTUSD price), also closes above a key Fib level seen below. Elliot Wave-wise we had a 3 impulse 5 wave move up to the latest high, with a ABC (truncated C wave because of that extreme wick a few days ago). If, IF, it plays out, I am expecting another 3 impulses to form the third...

Gouws199

We have been in the process of forming this symmetrical triangle for almost 3 months now. Many call it a Bear Pennant but according to traditional pennant rules, it can't be longer than ~ 3 weeks. Though this is crypto, but it should be faster moving if you want to use that argument. In either case, I have been tracking this downtrend line since Christmas...

Gouws199

As I said, interesting. Cant say I have observed this before in educational resources, but there is definitely a simmilarity here, and wondering if anyone has any expertise in this particular occurance. I found it elsewhere before as well with a simmilar downside result.

Gouws199

As the title says, we are currently hitting midpoint resistance of the the Reggression Trend channel. Although weaker than the tops and bottoms, this usually presents its's own support and resistance. We already saw a nice volume spike and a spike on the 30 min chart in the CMF to confirm the breakout. We will need to show more strength to overcome this area as...

Gouws199 Updated 

Simple pattern, three lower drives with bull divergence on the oscilators. Still assesing for target