


Not buying just observing. LTC volatility is hotting up. Often happens before a big move.
Say you're a hodler and you have BTC for the long long term. 1 million per coin McAffee scenario. let me give you one trading stragegy that will ensure you don't go through unnecessary drawdown but will keep you in the game for the moon scenario. Add 50, 200 MA to your 4-hour BTC chart Sell on cross down (50 below 200) Buy on cross up (50 above 200) ...
Arise pheonix from the ashes of the crypto wasteland CA-CAAAUU!
I don't like shorting bitcoin, because y'know, you get short, then it rallies $1,000 in one 15-minute candle. Kinda scary ... However, we have a potential setup to short or exit longs and rebuy lower, IF, btc follows this fractal taken from March. What's in favour of the fractal playing out? Still a lot of bulls, longs are high and max pain would be to...
For the second time BTC painted super bearish chart patterns then rallied right out of it. What's going on? Not sure ^_^ lol I just spot patterns. I noticed the March/April 6.5k bottom pattern was very similar to current price action so overlaid it. There was a good chance of a rally. Even posted on the morning a rally to 9k is still possible even with a...
I successfully traded EOS from $11 to $22, sold close to the top. Since then I've had a number of short-term trades, some good, some bad, and I've started giving profits back to the market so I'm leaving it alone for the moment However, I believe EOS is in a wave 4 with a deep retracement and there is still wave 5 to come. If so, expect something like this to...
Recent sentiment on EOS was so bullish that longs reached a pretty ridiculous level. Easy to spot in hindsight but the max pain was to the downside. Max pain thoery. The market will move to rekt the most amount of people it can. In options trading max pain is the $ value of the stock where options expire worthless. Markets often gravitate towards max pain on...
Spotted potential fractal. Left = DJI Flash crash in 2010. I remember how it felt, I was trading it. Recovery after vicious bear market, all the news was bearish, people calling for 5k (familiar?). The Dow dumped 1,000 points in a 15 min candle. The resulting whipsaw took out a previous low and many analysts called for resumption of bear market. BTC on the...
Still long on EOS. Have literally doubled my account on this coin, accumulating by selling and buying lower. Current status. Long trade from 17.81. Stops just below. We either round and squeeze up now or down to 15 area.
A lot of calls to 5k again, BTC dumped a few hundred $, people are getting very bearish. When in doubt, zoom out. What does the larger degree trend say? So far: BTC still in an uptrend channel Moving averages pointing up (50/200, 4-hr) Dump volume and velocity is a fraction of what it was in the bear market Does it mean we can't go down? Sure we...
Market psychology ;) Bears waiting for 5k be like ...
Watching Lisk for an entry. Possible consolidation here then rise
Not sure if bullish, or just banana, but there it is :D
Trade idea Assuming BCH is in a wave 4 now, the wave 5 target is 1.618 of the previous wave-3 This makes target range 1800-2200. Currently flat the market looking for entry long.
Just a fractal idea for BTC. Bitcoin is still in an uptrend channel, and until it prints a lower low, remains in an uptrend. If you take the fractal of the 8k flat top in April and copy-paste it onto current price action, we get a possible path for BTC. I call it giant bart!
History repeats, see chart for description
Parody post to show the psychology of the markets if you have a bull vs. bear mentality Hint: Bottom/top picking is risky!
Currently long small position. Expecting longer complex correction to form before big move up