Get started

Lezz

BIGTIME RETRACEMENT : RECTIFYING MY MISTAKESo, admittedly, yesterday I made some Bear-trend PTSD induced paranoia, apparently and made more than one bad call. I apologize for this and am hoping to make up for it and with any luck redeem myself some. This is the reviewed TA. It's good. I endorse it and am kinda betting my reputation on it, if that counts for anything. Not making excuses, but I'd like to offer an explanation behind the reason it happened. When analysing ranging markets with very few sustained bullish runs, it kinda shrinks one's scope and causes you to zoom in more-and-more over time. This is dangerous for the obvious reason of losing track of scale, which impairs your ability to estimate what it is you expect to see and where a reversal is likely to happen, which makes the act of analysing the chart uncomfortable because the pieces of the puzzle don't quite fit right, but it could be due to any number of reasons, and you only know once you know, which is after it happens, when it completes the cycle and you get the confirmation that had been expected. This is often exasperated my the very nature of crypto to often go into somewhat of a lull right before a breakout, which was the case here, but to a smaller extent than it might have been later in the bullrun.. Looking at the chart today with a fresh pair of eyes and my empty plate of humble pie, I wanted to admit my mistake and make an attempt to fix it. // Chart explained: The $0.95 peak that just hit, was the marker I had misidentified yesterday. It completes the firstRun leg of the cycle and, once complete, directly informs the next part of the chart, which is the retracement and usually the section my technique is most accurate in predicting correctly. Unfortunately, there's no timeframe for this retracement and it could take hours, days, or sometimes weeks. Taking into consideration where the overall market is in its larger (BTC) cycle, ie. the early stages of breakout, my best guess at the timeline, would be fewer than 7 days. Whatever happens between this point and the end of the retracement doesn't matter, and I guarantee there will be times when it looks like it's running bullish again.. Don't trust it. There are two scenarios I'd expect to play out for BIGTIME. From current level down to $0.645. This is guaranteed and will happen regardless of which of these play out. It should bounce at least some from that level and after that, we'll see if it's really finished or has more to go. The bounce from the 0.618 fib line will show intent, but can only be considered confirmation of continuation upwards if it breaks past $0.857. It may not even come back up to this level, which would support #2, but if it does, it's still not enough to call with any confidence. Scenario 1] Bulllish breakouts often only retrace to 0.618 before making a strong recovery and continuing back to the previous high before kicking up and beyond. I'll post an update then. Scenario 2] Following the bounce from 0.618, if it's still retracing it'll only reach that previously mentioned $0.857 level before coming down rapidly. If you're waiting to see how it plays out, is where I'd be looking to short. It so happens that it's currently around a similar level : $0.832, so the safe bet would be to short from current levels and hold on tight. If you do this, you can expect more minor reversals around $0.55 , $0.455 , and the eventual end of the retracement at $0.0337. There's often very little gap between the last two, so if you're going short, be careful of second guessing around this area, as it tends to get volatile and getting it wrong destroys marriages. TP: $0.365 I'm calling this slightly short, simply because it's good practice and you'll have made a tonne of profit by then, so rather safe than greedily sorry. If you're uncertain at any point between now and then, it's probably best to not enter. Either way, unless it goes above $0.95 and $1.00 in a convincing manner, it would be wise to not go long on this coin before it reaches $0.35 and produces a strong double-bottom. Only once you can confirm this pattern on multiple timescales should you buy, and you can then do so in confidence and minimum risk. Anyone with sufficient margin looking to maximize profit can go short from the current level or raise their existing entry by adding to their position. It's still a very profitable trade and unfortunately, this one favors deep pockets. If it were me, I'd increase my current position 3 - 5 fold and wait for $0.35.. That was less painful than I expected. Not sure anyone will read it, but that was not the objective. Just felt that I owed you an apology and whatever insights I might have to offer. Good luck, and since I'm not allowed to invite any DM's and have received yet another warning , I'm hoping to hear from you in the thread where it adheres to TV's transparency policies, which, incidentally, I don't agree with purely because it's silly. I get it, though. Managing 50mil users is a headache I don't envy anyone..
Short
by Rebelmedia
20
BTC:USDT : SHORT SELL : NOT WRONG. JUST 5 DAYS EARLYSo, it's happening.. Finally.. This is not farewell, just g'bye for a bit.. Retracing from what has really been an uncharacteristically stable rise for weeks. It completed the obligatory double-top 5 days ago, and is about to start the descent. Usually a slow, steady trend in one direction is followed by a violently aggressive opposing movement, so keeping my fingers crossed for CARNAGE.. Don't wish to speculate much on the total extent of the correction, as I'm biased and hoping it'll break out of the blue diagonal vice-like structure it's been chained to for what feels like eons. Will say this: Minimum dump target: $37150.00. With a gun to my head, I'd have called the 50% line at $34850.00 thereafter.. Will have to wait for more information beyond that point..
Short
by Rebelmedia
AUCTION:USDT : FOOL ME ONCE : LONG TRADE SIGNALSo, I'm happy to report that "fool" I am not, although it was touch-n-go for a minute there.. I very nearly repeated the exact same mistake made on BIGTOE; calling the reversal too soon.. So, like any self-respecting politician, I'm doing a 180 turn and reversing the most recent call I made on AUCTION. It's on it's 3rd run which should then be followed by the continuation retracement, so I apologise for the confusion, but you'll have to turn that puppy around or it won't be pretty. The good news is that I have a clear and reasonably certain target to give you, and reversing the position right away will recover any losses and then some. Here's the trade: Entry from current level: $44.95 TP / Exit (Short entry) : $59.50 This should be a quick run, so don't spend time deliberating and second-guessing this update, I've already completed that exercise and these are the results. At the top of this run, you can set a short ~$60.00, which is guaranteed to make your day. Let me know if you need additional guidance or assistance. Go! Do it..
Long
by Rebelmedia
3
ORDI:USDT WHERE'S THE TOP?This post is based on the little information available at the time of its posting, so it's to be taken as speculative. There's not enough previous chart information to make a decent call, but based on the one method I do have that might suggest the best exit level, $110.00 appears to be it. This is only an exercise in prediction, not trading advice. I'll update this post if and when it reaches that level or in the event that it runs out of steam before getting there. PS: THIS IS NOT A BUY SIGNAL!
Short
by Rebelmedia