DatCryptoBoi

DatCryptoBoi Updated 

Smaller cup handles / IHS means the trend is tiring. short term sell

DatCryptoBoi Updated 

BTC epic decline from 6k to 3.5k Sharp counter trend rally and final sell-off. So far failure to break previous low of ~3400 Rising trendline on the RSI (or my substitute, ADP by @cI8DH) with now 1,2,3,4,5 touches on the 4-hour chart of bull divergence. BTCUSDSHORTS near all time high again and sentiment super bearish. Order book is bullish in the 3.5k...

DatCryptoBoi Updated 

We got a lot of people with bear goggles again, they can only see short, short, short, so I've helpfully inverted the BTC chart for them, so they can see that Inverse BTC is a short!

DatCryptoBoi

The weekly volatility is now near zero, which is very unusual for Bitcoin - certainly unusual for the last few years of price action. It feels like we are in the depression phase of the market - after a bear market, all the traders are rekt and no-one cares about the asset any more - effectively, crypto is ded... ... until it's not. It's when the asset is...

DatCryptoBoi Updated 

Bogdanov? He bought the dip Just as planned ... Ze bull has been prepped. Continue ze dump >> pbs.twimg.com youtu.be

DatCryptoBoi

The fractal shown is taken from BTCUSD V-Bottom which occurred in Feb 2018. Overlaid onto the current price we see some striking similarities!

DatCryptoBoi Updated 

Getting nervous here. BTCUSDLONGS super high (33k longs). BTCUSDSHORTS super low (19.8k and crushed) Long:Short ratio 1.65 BTC at resistance

DatCryptoBoi Updated 

With ETH looking shaky (see ETHUSD: Potential Short Setup ) I'm curious to see how EOS is performing vs. its competitor Ether. Looks like EOS may outperform ETH in the near term. Who'd be surprised? EOS: 3,000 transactions per second, ETH just 15 TPS. scaling issues and EOS's relentless attack on performance might result in EOS outperforming ETH in the future.

DatCryptoBoi Updated 

Watch the handle on the right. If this forms we could have a nice cup & handle setup to $11-12 area No position yet on EOS (50% cash and 50% long on BTC instead)

DatCryptoBoi Updated 

Carried over from previous idea "They always short the bottom" Bit clearer view in this chart, but we can add a third "Short the bottom" zone when BTCUSDSHORTS rose almost 15% intraday on what was a few hundred dollar move down for Bitcoin and got absolutely smashed down as BTC price pumped from 5800 - 6400. The psychology of the market is that we've seen...

DatCryptoBoi Updated 

Shorty short shorty! Why do shorts increase parabolically the lower the price goes? Always a wonder to me ... See my related idea 'They always short the bottom' Anyway, we have a good potential setup here for ETH. 1. Downtrend isn't that severe compared to BTC 2. Did not make a new low compared to April 3. Bull divergence on multiple timescales 4. Very high...

DatCryptoBoi Updated 

Another look at Inverse BTC, which I previously charted in 'bear Goggles?' and 'Bull goggles?' ideas We have a potential double top in Inverse BTC and definitely some bear div. Can it go 'higher'? Sure! But its risky to 'go long' on Inverse BTC at this point

DatCryptoBoi

Scaling in long to BTC. Average long entry is 6250 after shorting from 6700-6300 or so. Reasons to be bullish: - Now 4-hr, 1hr bull divergence - Decent level of dumpage after irrational bullishness at 6800 - Approaching demand zone of 6k or below What BTC could do: - Rally back up to 6800. Inverse Head & shoulders. 7.8k incoming! - Fail to rally back...

DatCryptoBoi Updated 

Bear div usually signals sell. I am taking profit on longs here.

DatCryptoBoi Updated 

Currently short. 4-hr, 1-hr bearish divergence. Lower high on the 15 min timeframe, sideways out of a rising wedge. Wicks in both directions (liquidation / stop hunt). Target range is wide, from 6400 for a small retracement down to 5.8k for deeper retrace.

DatCryptoBoi

Take this with a pinch of salt: the week just started. If the weekly candle is better or equal to current price at the end of the week, then we have a morning star candlestick formation which would result in some follow through for a few weeks to the upside. Keep looking at longer timescale charts (Daily, Weekly) to get some perspective!

DatCryptoBoi Updated 

In the post ETHUSD: Potential Short setup , I showed how ETH might hit mid-500s range from approx 700 due to head & shoulders pattern. Well, that target was reached, then reached again, then reached lower :panic: :O and it went further than I expected on this move. I stayed out of Ether for a while but now we see a similar opposite sentiment extreme, mega...

DatCryptoBoi Updated 

Shorts are up over 10% again? Why is this? Because bitcoin is about to fall? No because it has fallen. They always seem to short the bottom! If you see this (sudden rise in shorts) and you are short, then close your shorts.