JamesRkaye

JamesRkaye

I have written a script to calculate and track the death rate for covid cases in the UK by working out how many recorded deaths there are per recorded covid case. I've set it to take its cases measurement from 8 days ago because this is the average length of time between someone testing positive of covid and dying from it. I've also added a 7 day moving average to...

JamesRkaye Updated 

In the UK, retail traders are able to buy a "Contract for difference" with a broker. These are bets on the price of an asset and do not actually contain any underlying securities. 70-80% of retail traders lose money from trading CFDs, which has made providers overconfident in allowing people to trade things that can not actually be bought on any market, for...

JamesRkaye

It may be time to start buying back into bitcoin at least for the short term. The strategy has profited during the recent downtrend and has now switched from short to long. There has been a strong bounce from the lows and the high momentum suggests that bitcoin will most likely continue to rise. See related ideas for more information on the bitcoin trading...

JamesRkaye

This is a brief explanation to why my very profitable bitcoin strategy is remaining short even after this recent crash in price. Bitcoin tends to bottom in the same way as most other markets . The bottom of a trend is the point of maximum fear, and fear is commonly measured by volatility. At the moment, there is probably not enough fear in the market to create a...

JamesRkaye

My algorithm has been shorting all week, so it looks like bitcoin could have another big move down coming. See related ideas for a better description of the algorithm

JamesRkaye

Recently I have noticed that many CFD and spread betting providers (I wont mention which ones but they are easy to find with a quick google search) are letting users "trade" the CBOE Volatility Index (VIX). I thought this was unusual as the VIX is not a purchasable asset; it is a measure of implied volatility (both long and short) on the S&P500 calculated through...

JamesRkaye

The and exit for this strategy was spot on at predicting the recent fall, we are now reaching close to the levels of the crash at the start of 2018. According to the cycle the market should reverse before breaking the previous low. Look at past charts of this cycle for more information.

JamesRkaye Updated 

Check the related ideas for a description of the cycle. The market reached all time highs as expected with less momentum, if we are in the "upwards consolidation" period we should expect a pullback soon. I'm taking profit on the previous long and waiting to buy lower

JamesRkaye

Today's signal on my Bitcoin Daily Volatility Trend Strategy is short, and i hope to take profit between $5.5k and $5k

JamesRkaye Updated 

This is an indicator setup I usually use for trading gold, but the risk reward on a Bitcoin short is looking real good here. Don't look to be right every time, look for good risk reward ;)

JamesRkaye

This is not a target, merely using an indicator I have developed based around the ideas of quantifying risk through volatility and using that to paint a support/resistance/probability cone into the future. Using this model it can be concluded that bitcoin reaching $1,000,000 by the end of 2020 (John McAfee prediction) is possible, ONLY IF bitcoin remains on an...

JamesRkaye Updated 

Easy simple setup, strong bounce off the weekly trend line and correction, hoping for one more pump up. Hard to say how long the correction will go on for too. Also we just had a NFP report below expectations which is bad for the dollar

JamesRkaye Updated 

We are currently at a critical moment on bitcoin, hovering above a major support level (purple line) which has been mentioned in my previous bitcoin ideas (linked). Weather this will be broken or not is unknown but the direction of the breakout of the "limbo section" (as i have no idea what it is doing while in this section) labeled on the chart. Based on Elliott...

JamesRkaye Updated 

This is a continuation of my "Bitcoin absolute worst case scenario, possible bottoms" I would recommend looking at that to explain this a little better. Just waiting for institutions to take the short positions for themselves distribution consolidation pattern until we get a nice big drop.

JamesRkaye Updated 

I'm not 100% saying it will go this low, just pointing out that there is a case for bitcoin to get really really bad, and if it does get bad this is how to find possible bottoms. I think if it breaks the support, the bottom is most likely between $4000-$5000 however I will change my mind if the structure continues this way. I am not short bitcoin, but if this...

JamesRkaye Updated 

I've been recently been reading some books and articles by Richard Wyckoff, who traded manipulation patterns in the stock market around the year 1900-1910. I believe looking for these patterns could be useful in crypto-currencies, as they share the low liquidity and high ease of manipulation of the stock market at the time Wyckoff was trading. This pattern could...

JamesRkaye

I've noticed a meme develop in the crypto community around this unusual price pattern seen almost extensively in crypto currencies, characterized by its sudden rise in price, sideways movement, then sudden drop. However, from my experience similar patterns are rarely seen in higher liquidity markets like Forex. It is possible that this pattern is sometimes...

JamesRkaye Updated 

A long term plan the current bubble we find ourself in, and exactly where in the cycle we are. Short term is long but we must be extremely careful! A side note: after the next deflationary crash, cryptocurrencies will be hit hard, buy them when they are very cheap after the crash.