ApplesaucesomeTrading

ApplesaucesomeTrading

Looking at a potential bump and run scenario. The fed and macro are still bearish but you never know with crypto.

ApplesaucesomeTrading

It's back. The Pitchfork 2.0 I'm injecting that hopium directly into my veins. That top trendline has got to hit.

ApplesaucesomeTrading

Tracking this multi-year triangle on Decred. This recent pump just tapped the top. If this plays out it could be life changing.

ApplesaucesomeTrading

Decred may be in a variation of an alternative wyckoff re-accumulation cycle right now. It's showing many similarities to the first schematic with a few variations in it. I believe it's shown a Sign of Strength and is at the initial Last Point of Support right now.

ApplesaucesomeTrading

One of the major factors for my long term investment in Decred was it's price action in 2017. Let's take a step back and see how it's performed in since the pandemic drop against a basket of "blue chips". This is in % scale so this compares raw performance of all these coins against each other. Decred is winning handily year-over-year.

ApplesaucesomeTrading

Accumulations are meant to shake out retail. The bearishness from joe sixpack this week supports this theory. We just broke down through the range but the buyback has been very promising. If this can continue to gain momentum back into the trading range then this could be considered a Spring within the accumulation schematic.

ApplesaucesomeTrading Updated 

Maybe it's the hopium running through my veins but this price actions looks familiar.

ApplesaucesomeTrading

Spitballing on the macro pitchfork I've been watching. 50% drawdowns from the top on both pullbacks I've highlighted in yellow. Corrections and consolidation only raise the ceiling of how high we can go.

ApplesaucesomeTrading

DCR/BTC forming multi-week hidden bullish divergence on the 6 hour candles. If this pops the day Decred activates it's decentralized treasury, it'll make me a believer in the fundamental price action.

ApplesaucesomeTrading

I'm noticing a pitchfork trend forming during the past 5 months of this bull run. Pitchforks can be invalidated by sustaining a trend change. I'd say there's a high chance that this will eventually be invalidated by trending at a higher angle.

ApplesaucesomeTrading Updated 

DCR/BTC is forming a broadening wedge which is a bullish continuation pattern. Price target ~0.0044

ApplesaucesomeTrading

Decred macro pitchfork

ApplesaucesomeTrading

Decred's USD pair is completing another wyckoff accumulation right now. Don't miss the boat.

ApplesaucesomeTrading

Decred is one day away from solidifying a bullish morning star pattern on 6 month candles.

ApplesaucesomeTrading

Decred has managed to form a trading range which makes me much less bearish than before. As long as we can remain in this trading range there's a setup for an end-to-end to pop us back into the 0.0017's.

ApplesaucesomeTrading

Here's an update on that falling wedge I posted earlier about. Looks like it head faked down and then reversed back up to confirm the breakout, sending us into a short term trend reversal. $DCR $DCRBTC #decred

ApplesaucesomeTrading

Decred has had a drawn out retracement almost back to the starting line. It's currently forming a descending wedge which could be set up for a reversal. The setup would be a breakout of the falling wedge forming the right shoulder of an inverse H&S setup which would propel us back to retest local highs.

ApplesaucesomeTrading

Coming into the final phase which is the most exciting one. Markup.