DatCryptoBoi

DatCryptoBoi Updated 

Disclosure: Currently long BTC from 6.9k This is a nervous place to buy here, and if I was out of the market I probably wouldn't buy it unless with very calculated entry + stoploss. BTC is very close to triggering a lot of short-seller stops which would cause price to spike quickly as shorts scramble to cover. However, it has to get over 9.2k to do it. Does...

DatCryptoBoi Updated 

LTC seems to have made a nice cup / handle pattern. LTC/BTC too is getting squeezed into a smaller and smaller range. Possible breakout coming?

DatCryptoBoi

Some education. BTC is painting a bull pennant, which is a bullish chart pattern right? Yes but historically BTC has had a good chance of dumping out of them, then parabola up. Be cautious!

DatCryptoBoi Updated 

Which triangle will win?! :thinking_face:

DatCryptoBoi Updated 

Trade idea in the chart. Long 990 sats Target 1150 Stop below the pennant lows max 1-2% of account risk to stop

DatCryptoBoi

All description in the chart. Currently long several positions (BTC from 6.9k, EOS from ~$11) with stops set below major support. Will re-evaluate bullish position below 8800-8500 range.

DatCryptoBoi Updated 

My spidey senses are tingling. Currently out the market (100% cash). This scenario could occur on Ether and the whole crypto market would experience some sort of C-move. I do not expect resumption of the bear market, however we could see a dip here which will damage portfolio if long.

DatCryptoBoi

Currently sitting on about 50% cash after the run up from April lows. BTC appears to be painting a giant A-B-C-D-E. At this time watching to see where the market goes

DatCryptoBoi Updated 

Spotted, a fractal in EOS (15 min) vs ETH (4-hr) on the right Not sure what to make of this, other than my brain signalled 'I've seen this before' .... and ... eos (if this plays out) could be going lower

DatCryptoBoi

Both have gone through steep uptrends Both consolidating Both forming triangle shaped corrections. Suspected wave 4 consolidation in wider degree uptrend Risk management stops in place in case of trend reversal

DatCryptoBoi

Education only. Spotted this fractal in EOSUSD 5-min chart and compared to BTCUSD daily.

DatCryptoBoi Updated 

Quite a few people have bear goggles, the abilty to only see prices declining. That's fine, I understand, I have bull goggles, same problem. Very good at spotting price bottoms but not tops. So here's a helpful technique for you guys and girls with bear goggles. Flip the chart upside down. What do you see? OMGOSH this is a screaming short!

DatCryptoBoi Updated 

Litecoin might not be ded. LTC has underperformed BTC and the Alts which are having a bit of a moon party right now and LTC is sort of hanging around behind going 'guys? guys?' having missed the lift to the party. However it might not be ded ... the charts are showing a potential inverse head & shoulders building up in LTC/BTC and cup & handle in LTC/USD which...

DatCryptoBoi Updated 

I see lots of poeple shorting at the moment and it just breaks my heart to see how rekt they are becoming trying to pick tops, just like the bulls buying allll the way down (At one point, I was one of them before I decided to go with the flow). Here is a simple trick that will save you a lot of money. Trade the trend dummie! How to identify the trend: ...

DatCryptoBoi Updated 

A large multi-month inverse head & shoulders has formed on EOS completing the launch pad for lunar mission Ignition sequence start! Take off in 5...4...3......

DatCryptoBoi Updated 

OK take the title with a pinch of salt, I am no pro :) But I wanted to share this journal with you of trades to show how easy it is to get rinsed and washed in the market if you FOMO and when to admit you're wrong and reverse directions. I started accumulating bitcoin in December 2017 - right after the ATH. The All time high to me was a signal that BTC has...

DatCryptoBoi Updated 

BTCUSDSHORTS is an index of the number of leveraged shorts for BTC on the exchange. This peaked recently at 40k and dropped very fast when BTC rallied from 6.8k to 8k. The reason the price rallies so hard in a short squeeze is because leveraged shorts have to cover - essentially market buying the underlying - forcing the price up faster than expected....

DatCryptoBoi Updated 

ETH/BTC is at 0.064 but looks like it still has room to run to approx 0.07. Ether to outperform BTC in the short term