PhilBack69

PhilBack69

Run up build on stacked trapped shorts upon trapped shorts that are forced to pay top dollar. Makes for a pretty bad structure but as long as sellers drip feed the trapped ones, why expect a change in this period of book markup? Sorry shorts, you have been used and abused all year long. At this point, looking for some liquidations in the small to, believe it or...

PhilBack69

We had a nice move to the upside and it got capped, leading us back to the current level. Looks like distribution is not over and I am looking to more upside. But, going for it right now may not be the best idea in town... I would let this move down play out, not embarking on it as it looks like some nudge intenting to get traders to short, trapping said shorts...

PhilBack69

Bitcoin respects fib levels pretty well. Let's see if we lose this one today upon the FOMC meeting. If we do, could be a wild ride to the next level. I think we will get a rally first before the news aka buy the rumor and a massive drop after the announcement aka sell the news.

PhilBack69

Below VWAP in wedge and high RVOL on downside. Exhaustion of money flow and ADX up, DI- up. Expect more of this setup to repeat over time if bitcoin goes down.

PhilBack69

The reversal pattern I am often seeing is possibly playing. Keeping an eye on price action here. This can be huge.

PhilBack69

Exhaustion indicators triggered. Trend now down for good. Price below 50 SMA. Proprietary pullback indicator triggered. On monday there will possibly be blood.

PhilBack69

On the ATOM front, I think that we will go for a correction and then resume the movement up. MACD line still in negative territory and price action no over the 50 SMA, so the market doesn't want to go higher just like that, it wants to go lower. So, waiting for a nice pullback star to print to enter. Also there has been a daily TD Sequential countdown 13 printing...

PhilBack69

ATOM has a pretty good ride and now is meeting resistance, we'll see how it goes. The pitchfork shows that we reached the golden pocket zone. I got in at 22, not a bad ride.

PhilBack69

Bitcoin has a saucer bottom, bounces on a support level now has momentum to reach like 53K. The breakout took a while to happen, now we have it. It is still possible to have a little visit into the abyss to grab liquidity and fuel the push up. Place SLs accoringly.

PhilBack69

Bitcoin is moving inside a channel and even if it broke R1, it will need more energy to break the other levels. There are pretty long term moving averages above. I expect a trip down and then possibly up. Waiting for a solid exhaustion signal to print. So far there is none.

PhilBack69

Bitcoin reversal playing out. Looks like no more sellers for now. Up we go.

PhilBack69

Double top, move below 50 SMA (on this high high timeframe) and what not... I guess I will have to convert my EUR income into USD as soon as it enters my account.

PhilBack69

Trend reversal EXtremen Trend down Super Major Exhausion rreached

PhilBack69

Lots of confluence pointing down on TESLA. Not sure I want any of those shares atm. Several signals: * Trend reversal * Extreme downtrend signal * Super major exhaustion

PhilBack69

Shiba exhibits a fractal pattern. Next phase may look like this.

PhilBack69

Ath2ath line now support. Trend still green, Still in a squeeze. More upside to come as there are still lots of coin to be dropped on buyers.

PhilBack69

Bitcoin is touching the circle for which all other pivot points experienced a dump. This is happening now, so this is a good check of this wild theory.

PhilBack69

From the fib circles, channel and that key trendline, we have this crazy rising wedge that will end badly for bulls. I am riding it to the top.