HRoark64

HRoark64

Good morning everyone. Decided to take a quick look in the rearview mirror while BTC comes down to refuel on the way to wherever it’s going. From top to bottom: -BTC has been in the upper channel of a linear regression trend for a little over a week. -BTC has been above the .382 BB area that I use for trend re-entry for more than a week. -BTC has been above...

HRoark64 Updated 

Litecoin has fallen below the 50 sma (buy/sell line) and 5 period RSI mid-line (momentum indicator) on 1h & 4h charts. The daily remains in an uptrend with signs of a pullback. Notice previous pullbacks to the .382 Bollinger Band channel that coincided with a top to bottom cross of the 5 RSI mid-line. Seems like a good asymmetric risk area to add to or...

HRoark64

Grayscale's ETC product (OTC: ETCG) has had rockets attached to it since it hit the market earlier this year. Not sure if it's crypto hopium bleeding over to Wall Street or demonstrative of demand for exposure to crypto without holding it, but it adds to the arsenal of money making plays with traditional trading platforms. ETCG retraced about 50% from its recent...

HRoark64 Updated 

The 4h chart for LTC USD might give signal candle for the 5 RSI method I've mentioned in BTC ideas. I prefer trading the daily chart but find it useful to drop down to the 4h for entries & exits in a strong trending market. If this candle closes above the mid-line on the RSI setup I'll be looking for price to exceed the top of the signal candle for an entry. ...

HRoark64

Evening everyone. Typical disclaimer...not financial advice or trade signal. Beginning of the move based on the bottom to top cross of the RSI with accompanying price action is highlighted. Long position still in play since we didn't get a downward cross of the RSI mid-line or the buy/sell line. The daily candle closing in the bottom half of its range is...

HRoark64

Good evening everyone. I've used this strategy the past few months after compiling a few ideas from YouTube and my personal library. All the analysis ideas with fibs, futures, short positions, and waves are interesting to read but it looks like the market gives a couple good signals of where it's going. The common theme from friends and family is that they...