c_elyse

c_elyse

My bearish bias has dwindled significantly with this breakout Definitely more comfortable with this bullishness than previous 50k breakout since the previous 50K breakout had more reason to be a bull trap than an actual breakout. I was expecting a drop lower to previous support at the previous 36k area but because BTC created a new support at 40k way above 36k ,...

c_elyse

bullish close above 146 on the next 12h candle would like to see SOL flip and close the previous weeks resistance as support as confirmation bearish any closes on 12h or 1D below 138 and we drop to 115 range this feels unlikely though as SOL daily candles seem to be closing bullish despite the current down trend decent value area high at 141 to slow down...

c_elyse

What a fun week last week! Got rightfully bamboozled by BTC, financially and emotionally but managed to recover. Took profit on a few of my bigger trades as a result. Hope the dip down wasn't too painful for everyone else. Looks like we have a lot of decent bullish support with 2 major resistance levels to go (49, 57) before breaking ATH forecast for this week...

c_elyse

ideal entry at retest if/when resistance flips support at ~193 bullish continuation if btc plays nice not too confident in this idea, just throwing it out there ATH's + parabolas aren't my strong suit, so it'll be at least valuable, if not profitable, info to see this one pan out

c_elyse

looking for this trade to get going perhaps after a restest today on LTF target 1 - 114 target 2 - 125 target 3 - 152 likely at a brief stop at 125 then creep from 140 to 150 until resistance feelin' ripe

c_elyse

- expecting a bullish week ahead - lots of bullish FA and social influence price - tuesday I think we will see some big moves in support of el salvador and bitcoin - possible slowdown on wednesday - with volume picking up again on thrusday in anticipation for friday - friday is supposed to also be bitcoin day in nebraska

c_elyse

in light of elsalvador officially passing the bitcoin bill news, and my very reasonable thesis being dramatically invalidated, I took a look at the chart for bitcoin dominance last week btc.d dived deep into the 2018 low support which it's now bounced off of. I find that deep retraces such as these are generally followed by a steep equivalent up MFI signaling...

c_elyse Updated 

bearish dream scenario unlikely to go all the way to 38k I think - there's still a lot of time for stuff to happen macro bearish unless clean break above 51k longer BTC remains bearish, the more likely to 38k most likely case for change in bias (for me) more lockdowns => more people at home => BTC bulls be playing

c_elyse

So my very reasonable TA short thesis was invalidated Did some digging and found this tweet Guess we're going long friends, bias switched to up only Keeping an eye on btc.d and alts, they might bleed Like, I'm not even mad. I fucking love you bitcoin

c_elyse Updated 

update on $SOL since my last chart sold some at 113 like a pleb confident in the next leg up so I'm looking for possible entries on the 2H now that SOL has made a doji grateful for any entry/top ups in this general area swing + macro still bullish

c_elyse

SOL is creating a new support at 140. Makes perfect psychological sense that it's ranging between 135-145. PA printing a healthy correction after showing bearish divergence on the money flow index (MFI) indicator Healthy because trade volume is confluent with price on 1D As for future predictions, I can see 2 situations happening depending on other alt...

c_elyse

another one of these to keep an eye on not sure what else to say other than I hope it pans out

c_elyse

hey traders, noticed some new followers over the week and just wanted to say thank you for considering my lines on charts. Please feel free to comment or discuss as I am still learning as well! It would be great to have people try to poke more holes in these ideas as it makes for better trades. Anyway, if you're reading this, thanks again :) looks like an easy...

c_elyse

Looking to open a small position to play with this weekend on FIL Everything is looking very ripe for another leg up - filecoin got some mad hype last cycle and I doubt that money has forgotten its fundamentals Currently printing a bearish divergence Not sure why it's decided to dump a little in this area but if I had to guess it would be because of those...

c_elyse

entry on the break out confluence with increasing volume LTC has always felt less explosive than BTC but we'll see! prove me wrong LTC

c_elyse

do it. you can't.

c_elyse

I'm not too familiar with candlestick patterns other than the basic flags and pennants, but am interested in this adam and eve double bottoms. here's my idea and plan if things pan out. 1. we're currently at the breakout stage 2. we hit and absorb supply from resistance 3. back down to test support 4. entry at breakout from previous resistance 5. launch into...

c_elyse

Watched a great vid on orderbook supply/demand recently - it's been influencing my trading a lot Just an idea/experiment about predicting future supply - lets see what happens 1. dead cat bounce at local SR 2. break and slow down at 4k 3. range at 4200. depending on how long we make a new SR at this level 4. ideally mid sept or sooner we spring and moon to price...