algocowboy2030

algocowboy2030

Oil retracement with fib level/structural confluence ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any...

algocowboy2030

This is a progression of a prior idea. Highlighted as per linked idea below. This BTC rise feels sponsored. I am thinking we may see a rejection at resistance now around 6600 or soon around 6800. A break above 6800 might cause a small run in retail FOMO and longs may build. Once Longs chart starts sloping upward, I will be prepared to dump. As of now, it's...

algocowboy2030

Market Makers (called MM) are in the business of building liquidity pools in the form of stop losses. As people become more long, they place more leveraged positions which have stop losses below them. More and more stop losses are effectively sell orders, which place a supply zone for market makers to exploit via panic selling to push the price even further into...

algocowboy2030

BTC had a mild retracement this morning. We broke a mid term descending trend line which was the top bound of a consolidation. This is a sign of mid term strength. We retraced to the top of this descending trend line, which is a typical re-test of the top bound of such a consolidation. For now, price is holding at this line, but I will not make any moves...

algocowboy2030

ETH bear flag will likely fall to support and then move slowly upward as long as BTC market remains stable. ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please...

algocowboy2030

HA HA THIS CHART STARTING FALLING AS I POSTED IT. The magenta downtrend line most important line in this chart. It is a long term down trend line which was established going on 9 months ago. If we can break this magenta colored line, we will be in what I believe to be the beginning of the end of the bear market for crypto. Breaking out of blue consolidation...

algocowboy2030

ETH took some hard hits recently and has formed a perfect symmetrical triangle accumulation after bouncing off a long term support. With BTC being stable and ETH having an overall history of strength, I believe a continued stable BTC (or bullish BTC) will accompany an ETH rise from current price. ***Any information represented here is my opinion only and not...

algocowboy2030

Transdigm has established an upward channel after a run which actually resembles a bull flag on higher timeframes. For now, this move will be a short term gainer. If this plays out, it could also possibly invalidate the higher timeframe bull flag and simple be moving up a bullish channel. Transdigm has had a pattern last 2 years of a midterm fall between Q3 and...

algocowboy2030

BTC most likely (yellow path) would have a small dip in the short term to low 6600's and then run up to 6900. I also think we will needle up to 7000 or 7100 for a bull trap/stop hunt before we head back down to mid term support around 6300. ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the...

algocowboy2030

BTC has been showing bullishness as of late. However, we have a long term resistance at 6900 which contributes to a confluence zone at which the long term downtrend line intersects (not visible in this chart). This chart is a rather specific scenario as to how I see this playing out over the next week or two based on several factors including a highly suspected...

algocowboy2030

BTC may be ready to come out of it's bearish hole. The chart above depicts how BTC behaves wtihin it's downward wedge. Once rejected at the top, it has consistently dipped to the bottom of the wedge until recently (see yellow ellipses). We have seen a less severe descending trendline establish (see blue ellipses). Now we are seeing what could be the...

algocowboy2030

If we are, in fact in an ascending wedge, then a good entry may be coming up. As we dip to touch the 200 EMA, this matches up with what could be the support for a potential ascending wedge. I will confirm a bullish bounce before I enter. Further details for strategy are in my chart. ***Any information represented here is my opinion only and not intended to...

algocowboy2030

BTC has been respecting the descending trendline I have been drawing for months: hence the recent rejection at 7400's I am expecting a fall to 6800 and either a brief stop there with congestion and/or a fall straight to 6400. 6400 is a longer term support/resistance and lines up with a new path of potential "higher lows". If we can stop here and move upward...

algocowboy2030

BTC has show bullishness in the face of resistance and will likely rise to the top of our descending trend line which we have been drawing for months. If we retrace, it will likely be to 6800 resistance for a time, at least. ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted...

algocowboy2030

BTC has fallen through our support and is now testing 6000. I think we will have a small amount of sideways/upward movement which will use the former bottom of the channel which we just exited as the top of a new channel which moves along the same trajectory. I think this will break down within a day or two and we will break below 6K and see 5800. If we break...

algocowboy2030

BTC likely to head down to mid to low 5's before we see any notable relief leg. We could see somewhat of a relief bounce either around 6100 or 5800 area. ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is...

algocowboy2030

ETH is currently inside of a long consolidation which is now at a critical point. We seem to have created a new potentially more aggressive ascending trend line based on our fall to .055 BTC back in March this year (2018). If we respect this newer trendline, we could have a bullish exit of this triangle as per the chart (per yellow scenario). If we break...

algocowboy2030

EOS is in a downward wedge that looks to be completing it's cycle. We could see some upside, but I don't think we will see the massive rise just yet. Not in the short term anyway. ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. ...