Ethereum Short - 3R/RNotes are on the chart. Looks quite a lot of confluence to roll over not forgetting about Covid-19. Big number of 200, multiple drives up already, bearish divergence across time frames, touched outside top bollinger band for the second time, touched top trend line for third time.
Personally, I have scaled in and will be scaling out of this trade. However, this looks like a high probability full trade setup to me also
Three Drives
ENJETH w bottom with volume confirmation Definitely expect to see some major parabolic movement in a shortsell for ENJETH...
Green horizontals represent TP1 and two and of course the most important of all as always the red horizontal represents the stop loss.
Please do check out my Twitter/LinkedIn feed for the keynote speech (for now just the transcript — I’m looking to get the footage ASAP once it’s been edited, I’ll keep you posted) but if you aren’t one of those TLDR folk & can stomach a 32 page transcript I highly would appreciate and encourage any feedback / discussion or constructive criticism.
My medium account has the same handle as all others and it’s the only post up this far since branching off to the renowned blog long form writing platform lives l
I delivered this morning at BENZINGA’s Blockchain Forum (A marketing / mixer networking opportunity to pitch to angel investors hand selected & not advertised as a public event) as all in attendance experience. Needless to say the crowd was receptive, I would appreciate any of your opinions (I know it’s just a transcript but IM seeking advise on the entertainment & intrigue of the content as well how the efficacy in which it uses cited facts and history as a barometer and metric for a prospective future based on the “Law of Accelerating Returns”
— I’ll leave it at that, you can check the transcript out at medium or Linkdeln (even reposted on twitter) all with the same handle @a1mtarabichi : thank you.
Enjoy this parabolic run, don’t FOMO or FUD and set your stop losses while treading lightly. In the related links below you can see (according to my LONG on 3/21: all BTC fundamentals from the wedge & projected technical analysis as well as conjecture from said publication ended up panning out beautifully.
Though I should note we are due for a pullback soon so don’t expect this gravy train to keep rolling without stopping for gas and heading back a few key support before another retracement leading us again to another higher high.
Bear in mind (pun intended) that the market was long overdue for this— As I stated in previous publication notice how the volume and hash rate was nearly triple what it was at our all-time high which is very indicative that we are leveling out to a more stable/institutional form of investment price action derivatives as Q417 - Q118 obviously had nearly double or rather nearly 140% of what current price action is in terms of priceaction despite having not even 40% of active users.
This explains why we’re not seeing as much volatility as we used to and we’re still seeing a lot so for those who don’t remember or word around you can’t even imagine how crazy it was back when that much market cap in total supply was in the hands of selecr few. with no regulations or fear of reprisals.
In fact in 2017 in spite of $1 trillion reaching the global market cap and billions if not tens of millions of profits earned by select few and even more billions if not hundreds of millions in the hands of the dolphins hell even the minnows profited— it’s hard to lose when everything is bullish: My point being more than 97% Crypto related earnings were reported in terms of taxes and how foolish were they to think uncle Sam would not come around eventually even if it was tomorrow’s problem yesterday and with crypto winter following suit you could be in real trouble if you profited immensely and lost it all the following quarter as you’re still liable for those earnings in back taxes.
Full disclosure : while this video or publication is not sponsored by anyone; Taxbit has sponsored me in several other projects and I do have an active contract with them.
With that being said; enjoy your evening & use Taxbit to PAY YOUR TAXES...
You know the saying about death and taxes.
Respectfully
-@a1mTarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
DASH / USD (DASHUSD) Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
#ETH moon soon?though i am bearish on Bitcoin, been that for over a week, i can't ignore this wick to S/r flip,broken ascending triangle with good retest
i was also keeping an eye on 3drive patter & this looks good enough, i was hoping for a Bullish diversion but not seeing any for now
risking a small long, shorts on BTC are still running
POSSIBLE HEAD AND SHOULDER PATTERN ON GBPJPYA possible head and shoulder pattern as gradually forming on the 30min time frame and this is inn positive correlation with the three drive formation, if price is to break the 134.65 then the pattern will be complete and we will be expecting price to go down to 133.9 level
BITCOIN / U.S. DOLLAR (BTCUSD) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
LUMBER FUTURES (LBS1!) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.