3 Views of a trend analysis using sine wave and Fib Channel. Couldn't find much information on the use of it. But it was interesting to see the daily chart patterns where a 175 day cycle can provide a managed R/R ratio >4 for trading opportunity. The top left view shows the most significant bearish pattern BTC has seen. Top right is the most recent pattern with...
Heres a cleaner historical view of the first 6 months of BTC performance during 2016, 2017, and current 2018.
Just a snapshot of what each year looked like from during the first 6 months of the year from 2016 to current. Would year 3 under the golden cross be the year we get a death cross? Or would it follow the same pattern and increase to ATH?
The last major crossover that occurred where the 200EMA and 50 EMA met was the gold cross in October 2015. A recovery following the Mt. Got incident. A rally that really began in September 2015.
Here was a quick evening / morning stop limit that were filled. A 15 Min triangle pattern showed at the time that the price action may move pass the upper limit of the pattern. This upper limit was also a crossing point for the regression line placed on the 30 minute chart. Both showed reversal, thus I shorted with a small 2-3% target to reenter at 8701 and...
Sometimes I utilize 30 and 1H charts to determine quick scalp moves. Often my triggers are large volume that is well above the normal trading volume of that particular interval. You can utilize alerts in trading view to notify you of quick moves in the market that may aid in determining the trigger for entry. Due to large movements by larger players, this should...
Lets see where this goes. March to April has been a pretty decent time for crypto. Longer term hold. Good chance we break this 12k barrier with the third drive.
There are two plays I am waiting to see with BTC. One a mid quarter ABCD Pattern I talked about a couple weeks ago where the recent 6.8k level (a) up to 11.8k (B) is now looking to retrace back down to point (c) at 7k. Currently BTC is testing the levels again. I will want to see a short - term bullish reversal to be comfortable entering the pattern. Typically...
One of the techniques I was thought early on during trading was looking for 2nd flag plays. If a 1st breakout shows consolidation like a flag, look for a 2nd flag as a potential opportunity for entry to gain a quick 1-2% gain. The trick is figuring out if a flag is in play. I found using the triangle pattern method to be the most effective but there are limits to...
Waiting to see what BTC does with upcoming critical level. Breakout past 8650 could be a good signal to enter. But will likely wait for a large candle to truly break resistance before I enter for a swing. BTC is follow 2017 pattern but difficult to tell if this may happen again. Robinhood is rolling out more account access to purchase BTC and ETH on their...
IMO Could make for a good scalp with ABCD pattern in play. I'd watch the VWAP crossover. Couldnt add the RSI on chart but oversold, with inc. MACD leading to crossover could set up nicely when looking at ABCD pattern. Will likely trade into ALT that has inverse relation with BTC pair if trade fails.
Got a wonderful note and I appreciate the comments. I apologies for missing the past week but I was lecturing in Baltimore and visited DC. Also my last weeks strategy held true so my months goal was already done. Small vacation keeps your mind fresh for watching charts. Anyways just my opinion here for the upcoming days / weeks: All strategies really comes down...
Waiting for set up on BTC /USD Seeing a rising wedge after small breakout from descending triangle pattern on 4h chart. VWAP shows bullish control but not convinced this is a true buyers market yet. Pattern of trade sees too systematic or robotic (i.e. bot, whales?). Either way waiting for retrace to 10.3k for a nice support and prime to break 12k wall. My...
Didn't plan on trading on Sundays but the volume and sentiment was just right. Heres a nice quick set up I had with ABCD after a small dip last night. I actually entered closer to 11050 but the idea was just right. I honestly didn't think it would work out but seems like a whale trade was in my favor. Last night I noticed the dip was getting weaker, and the GDAX...
This analysis & strategy tends to focus on fiat growth. Guerrilla style in and out swing trades, So be nice, these are just my opinion. I follow these analysis with my real trades. If it doesn't work out I accept the loses and move to my secondary plan. One thing I realized is the benefit of analyzing previous failed trades. I found notes that prevented me from...
Still waiting for breakout past 12k resistance. Lets see what this new week looks like.
Pattern held throughout weekend + leading up to the first few days. I hit my usual weekly target but simply moving assets around to Altcoins and moving the stop higher later on. Playing with using VWAP more with the lazybear script. Lets see how it goes.