FerroIgnique

FerroIgnique

Bitcoin has been above the 50 monthly the entire time, but if we re-test the MA we’re headed to 4054 (the actual strike will be different), but if it doesn’t hold then Oh, Lordy. The Elliot Wave, ABC correction assumes a zig zag correction on a long chart

FerroIgnique

The Stoch RSI is my primary tool. Its starts coming up on the 1h and 4h and I feel confident to go long. The price might tack sideways a bit, but I have my long ladder set. The Stoch RSI can use several price inputs to calculate k; the open, close (or present), high, and low, and others. I'm using low because it helps me not to go long until its really point up. ...

FerroIgnique

I see these here and there and I’m not even sure how to do them, or what they mean. So, please feel free to comment, post your own, etc. I’m tagging this long because I see a bullishly falling wedge and alts/btc pairs have been consistently up and it think it will flow to alt/usd

FerroIgnique

ETHUSD has been grinding against the 400 SMA for weeks, the 50 SMA providing support. I am of the opinion we only have so long before this resolves and it’s going to huge no matter what and it will coincide with the other coins. LTC and BTC ran like crazy when they mounted the MAs; EOS and XRP have had less success. Methinks the 2d most important blockchain...

FerroIgnique

In the very short term we have a good case for a surge in price. The last 3 days the price has generally been trending up, wicks included. The Stoch RSI is poised to cross bullishly on the daily and if that pumps to 80+ we can see some major appreciation. My major concern is the overbought weekly Stoch and Stoch RSI; along with the NVT FUD My Narrative is that...

FerroIgnique

I like trading ETH and XRP because they are often higher beta than bitcoin. After this last retracement we bounced off the bottom of the Bollinger band, the stoch rsi has been twiddling across the bottom and the RSI got some breathing room. The weekly stoch RSI is very, very overbought, while the monthly is bullishly coming up the bottom. If the markets keep...

FerroIgnique

All the indicators reveal that this is it. We have our local high and doom is nigh. The RSI is downward, the stoch and stoch RSI are all bearishly crossed. Its only a matter of when. This -2% today aint nothing. I'm not saying there isn't some more gas in the tank and we could go up, like a swimmer failing to keep their head above water. But, as bad as this is, I...

FerroIgnique

Ultimate Bear Target: 1550 Behold lads; from the height of the dotcom crash and the housing bubble the market moved sideways for ~13 years. Roughly speaking the 01 top to the 07 top was about 6/7 years, same to the recovery in 2013.We are 6+ years in expansion and facing stiff resistance. If the mass psychology of the market bakes in a rough symmetry we'd be in...

FerroIgnique Updated 

Price action has been very good to all of us. But nothing goes straight up. We can experience several pullbacks to the EMA ribbon and still be a bull market. Its reasonable to conclude that this will develop to a 30% slide to the EMA ribbon. The stoch RSI has been heavily correlated to the price and right now k>d (which is bearish). Plenty of people are watching...

FerroIgnique

Gaze upon the following bitcoin chart for reference. The price action paused and retested SMA all along the march up basting through the 200 and resting on getting rejected from the 300, bouncing above and spending 4 days in may just beneath it and then it plowed all the way to the 400 where it took a rest. It plowed relentlessly until it took a rest at another...

FerroIgnique

ETH has been pretty much moving sideways for the last couple of days. When we look at the 4h We see a strong correlation between the Stoch RSI and the price action. But on the daily timeframe the isolator is trending down with the price action narrowing into an ascending triangle. Looks like bullish divergence entering into the equation, it’s my hope that the...

FerroIgnique

We are in a secular bullmarket in crypto right now. However it’s not gonna be straight up so there’s gonna be a lot of opportunities along the way to find places to make even more money. I find that using the stoch RSI to be one of the simplest and most effective ways to watch trends. Particularly when you track the crosses at overbought an oversold. Pardon...

FerroIgnique

We're still bully over here. We have an absolute floor on the RSI that's stood for weeks (years in regular market terms) and can observe the huge correlation between the Stoch RSI and the price action. The EMA ribbon has provided absolute support on candle wicks to the downside and the candle bodies have remained above the 30 EMA. My long ladder is set, my body...

FerroIgnique

I'm not being completely facetious, but we're getting ready to watch a cup and handle, but only in reverse. We have the handle to the left, leading into the very nice, round bottomed, cup forming. The other indincators, the all point to a softening in price over the 4h. The RSI is capped at 56, and we observe a bearish cross on the Stoch RSI; recent history shows...

FerroIgnique

The SMAs are rolling over from bearish to bullish: the 50 has mounted the 100 and 150; the 200 has been mounted by the 20; the 200 will fall within a week, the fuscha lines tacked on to the 50 and the 200 give a predication of ETHS Golden Cross. You can see where I made good money trading the SMAs and then lost it using oscillators. I'm really pissed at myself,...

FerroIgnique Updated 

This downward trend has a lovely smooth round bottom forming, which is leading me to think that we might have a huge cup and handle forming. I placed the bottom of the cup where the 10-50-100 have crossed over bullishly, with only the 200 showing that we are under water; what I hope to be a clear technical indicators that we are starting our long slog back up....

FerroIgnique

Everyone was feeling greedy after this run, up until the BIG RED CANDLE. Now hordes are crying market manipulation, but every indicator said this was primed to collapse. We have overbought RSI and a bearish rollover on the Stoch RSI. And people like me were thinking we'd blow through the 200MA. But I only have myself to blame. Use stops losses and take profits.

FerroIgnique

Apparently I can't comment on post anymore because I don't have 20 reputation points, so posts away. In very simple terms the RSI has been strengthening with the price action, but the Stoch RSI has gone above 80 on the weekly and historically when that happens is a slog down on the indincator and price. This move up over the last few days will die as the...