MoonAirspace

MoonAirspace

I went long between $7,600 - $7,650 before the lower low of 7,400 today. My methodology was to give the RSI some time to reset (it did - 24 to now 36) and also to show respect to the $7,600 support. I have since sold off those coins for a small scalp. I now think the first relief rally (higher highs, higher lows, mediocre, but respectable vol) had a better...

MoonAirspace

This is a very simple chart. I have the downtrends in red rectangles, BBands, and the RSI. RSI is at a 90 day low on the 4H (24), indicating that our drops have been quick and volatile. I'm expecting an upwards correction with the price target completely dependent on volume. Whenever we do bounce, I expect it to be similar to our drops: very strong and very...

MoonAirspace Updated 

We should see 7,600 range within the hour if this plays out.

MoonAirspace

Slightly altered, more developed look at this chart which played out nicely: The previous attempt at 7,9xx was bought up immediately (which led to the development of an ascending channel). This is drastically different than the price action currently. We are painting consistently lower lows and find ourselves in a steep descending channel. People are not buying...

MoonAirspace

Downwards crosses of the EVWMA have been very accurate predictors during this parabolic rise. EVWMA is my favorite indicator of all time specifically because it shows the necessity of volume to sustain rises. Lower lows, lower highs on shorter timeframes starting to bleed into longer ones. Relief rallies abound. This will most likely be my last chart until...

MoonAirspace Updated 

The breakdown which I called yesterday on the 1W and on the 1H is occurring. This dip is not being bought. We are already in a lower descending channel from last night, and still the volume is abysmal. This is a step towards confirmation that the spinning top doji on the weekly was one representing a short-term reversal. In the bullish market we have been...

MoonAirspace Updated 

Green rectangles indicate price ranges. Our current range is a few hundred $ lower than the first green rectangle, with far less wicks above $8,800. Lower lows, and lower highs puts us in a descending channel. Additionally, we are experiencing ~33% less volume. Expecting a retest of $8,400 minimum, with a moderate likelihood of $8,000-8,200 range due to lack of...

MoonAirspace Updated 

I wanted to provide a weekly graph to give a proper overarching look of BTC’s performance over the last half a year. Since January 28, BTC is +155.80%. We have been following a parabola curve for 119D (green rectangle). For context, I charted out a few of the other parabola ascents BTC has had: The first went +107.24% and lasted 56D. The second went 232.63% in...

MoonAirspace

Very quick & simple update chart. This is a follow up to this chart posted ~14 hours ago: I consider the previous chart to be invalidated. Slightly increasing volume, bullish 4h, higher lows, and a retest of $8,100 all point to a move up. I believe we will enter the green rectangle within a matter of hours. The past relief rallies dropped off quicker than...

MoonAirspace Updated 

Just an interesting situation I found while looking at this selloff. The bounce at the local bottom was not nearly as hard as I expected. If we do dump below the bounce at $8,426, there is a strong chance we will retest $8,000-$8,200 and subsequently bounce hard.

MoonAirspace Updated 

The cornerstone of this chart is the ascending support which was tested today. It has been tested multiple times in the past and has held strongly over 4-8H periods. The green zones are bullish zones, the red zones are bearish zones. Bullish zones begin with a test of the ascending support and culminate in a breakout. Bearish zones begin with a lower closed high...

MoonAirspace

This is all very simple stuff. If I'm trading it, others are. Highlighted in red are a majority of the major selloffs since the bottom. Blue lines were invalidated bottoms of those selloffs. Volume is typically low, and the bounce is weak. This bounce has been very week. If we do not bounce, I think we see sub $8,000 within 6-12H. Purple zone should be support....

MoonAirspace

Pretty easy comparison here. Volume fits, albeit was definitively higher (on this slow bleed). Daily RSI fits. Really liking the V bounce on 1H. I interpret it as a failed attempt at inciting a panic selloff. This failure trends in-step with the type of investor in the market currently (in my opinion). This investor didn't get into BTC because of CNBC or Fox...

MoonAirspace

This post is a follow up to this: published on March 20th. The previous chart pointed a deceleration in drops, leading to the bottom. The chart shown above shows that same simple narrative, pushed out a few more months. As I have stated over and over on Reddit: "deceleration in a negative direction is the first step towards acceleration in a positive...

MoonAirspace

There are a lot of similarities between our price action in the last 12 hours and the price action which led to the dump on Feb 24th. Namely: Breakthrough of resistance ($4,100) with volume. Beaten down below resistance. Lack of immediate attempt to breakthrough again or subsequent buyside pressure. Consistently lower closes. Descending volume also looks...

MoonAirspace

This is a followup to the BTC 4H chart I posted yesterday: Easy and simple: The previous climb back up to a $4,000 (range A) test took 3 days, 12 hours (84H) from its local low. (Red Rectangle) Range A (the previous range above $4,000) lasted 19H before dumping. The highs were lower (except for the one final push) and the closes were consistently lower. This...

MoonAirspace

Yellow rectangles indicate the previous range above $4,000 and the current range above $4,000. I only care about the red rectangles. These indicate the "battlegrounds" back to $4,000 after previous rejection. They start at local lows, and end where $4,000 was rebroken (yellow rectangles). The previous climb back up to a $4,000 test took 3 days, 12 hours (84H)...

MoonAirspace

One of my favorite indicators is the EVWMA (elastic volume weighted moving average). I like to use it with a 20D period length because it provides a great perspective into how pronounced local price movements are (i.e.: if dumps/pumps are on high or low volume). As shown above, it indicates a slope change on Feb 07 when the slope goes from negative to flat, and...