NeoButane

NeoButane Updated  Feb 18, 2018

White trend lines drawn from our bottom at $6,000 as trend price lines. Red dotted horizontal line was found by finding previous resistance/support areas. Although we made a beeline to upper $10,000, I believe we will not retrace further than $9,500. My targets are $10,050, $9,800, and $9,650. Provided we do not have a strong pullback, I may not sell out at all...

NeoButane Feb 18, 2018

Tools used: Fibonacci retracement/speed fan/channel RSI: val. 14 on the left, 28 on the right It's a rather shallow cup but interesting to watch how it plays out anyways. Entry: about now, or when the value goes past the cup (right when it breaks out to be safe). It will be considered a failed cnh formation if we hit more than 50% retracement on the cup. Exit:...

NeoButane Updated  Feb 18, 2018

Parameters: EMA - 13, close (red line) EMA - 48, close (blue circles) RSI - 28 - reasoning for this is that lately I've been experimenting with 28RSI and it seems to fit my narrative of uptrending from a value of 50 RSI -> possible breakout MACD (13, 28, close, 16) - reasoning for these values is to make it more "difficult" for the MACD to crossover, therefore...

NeoButane Updated  Feb 11, 2018

Faster EMAs are about the cross over the 55EMA. RSI and MACD looking bearish yet still holding within trend lines indicating consolidation. Passed through the Fibonacci retracements and speed fan lines like a breeze.

NeoButane Feb 9, 2018

Although in the short term I believe that $BTC will take a small dip, it's becoming more and more clear that we're starting to make a reversal. Parameters: The white histogram in the back is BFX Longs vs. Shorts. Useful to tell market sentiment. All indicator arguments are shown RSI ticking up from being oversold, MACD is just about to cross, and the...

NeoButane Feb 9, 2018

Parameters: Blue diagonal lines - Fib speed fan from ATH to trough White dotted lines - Fib retracement lines Green hlines: support lines found by reading the candles and watching price action Red hlines: resistance lines found by the same way, and in addition by looking at previous supports or resistances. At the moment, we're climbing up high and fast. It...

NeoButane Feb 9, 2018

Uptrending now after bottoming out at $6,000. Long over short positions have been steadily increasing on Bitfinex. Healthy dip after the continuation patterns to keep the RSI at a good level. Currently in consolidation after meeting resistance and holding strong, out of the woods if BTCUSD can get a couple solid candles above $8500.

NeoButane Feb 8, 2018

$BTC has been unable to breach resistance, going sideways against it. If it continues to go sideways, eventually it will tire out and we'll drop to support; the next supports are around $7700, $6900, and $6300. Although there is no support line around the mid $6000s, it is fully possibly for a rebound around that area due to how cheap it is and close to the...

NeoButane Feb 8, 2018

Tools used: Speed resistance fan, peak to present trough Retracement, previous trough to peak EMAs to watch crossovers SMA to see Shapes High volume, previously cheap coins all form the same pattern; huge price spike, then converging into a falling wedge. They all end up doing the same thing: baby pump. After Binance went down, I am suspecting a possibility of...

NeoButane Feb 8, 2018

The characteristics of a coin like XRP: Was insanely cheap Huge volume accumulation due to its low valuation Sudden insane increase in price valuation, with little reason for it (no working product, only promises) Bagholders created by buying much higher than its intrinsic value Overvaluation Consistently failing to have strong break outs after peak...

NeoButane Feb 7, 2018

Falling hammers on the red candlesticks, showing support. Bounced off the Fibonacci speed arc. Green candle developing on the 38.20% retracement. MAs have crossed, their values are almost arbitrary but do signify that we are not on a bull run just yet. It looks like it can go either way, but good news is coming forth. twitter.com "#Bitcoin tweet #mentions...

NeoButane Updated  Feb 7, 2018

I charted it out starting 2011, and it looks like ~$2,000 is our theoretical complete bottoming. It's also important to keep in mind that this would be a complete bottom, breaking every support it has on the way. Parameters: ATH is $19,188, according to the daily time interval. This does not count the wick. Ascending Gann fan is at the first trough, placed...

NeoButane Updated  Feb 7, 2018

NEO/BTC - D - Binance. Korean arbitrage has been messing with international traders for a while now. Kimchi premium. Take a look at these pictures: i.imgur.com ATH: ~$200, which is based on multiplying the hl2 of 14 Jan. for $BTC. i.imgur.com 259,600WON = 240USD i.imgur.com i.imgur.com

NeoButane Feb 7, 2018

Parameters: NEO/BTC - 4H - Binance Log scale, 15/15/15 top/right/bottom margin scale (if that matters) 8/13/21/55 EMA Philakone style Bollinger Bands based on the Fibonacci ratio RSI hlines at 30 and 70 Technical analysis: We aren't near the ATH, but we did hit 0.144. The boll bands along with the resistance line is making NEO go sideways; this is...

NeoButane Updated  Feb 7, 2018

Checking out the 4H: Two rejections after it dipped below the 50% retracement line, 3rd time's the charm. Make sure to set a stop loss just in case. Entry zone : 6020-6610 sats. 6610 is a bit high because it's looking pretty bullish and it's been under the 55EMA for way too long, and the EMAs are about to cross. It is possible to miss the buy in target, but...

NeoButane Updated  Feb 7, 2018

Quick TA of the falling wedge Red boxes: failed breakouts, as indicated by shooting stars on the candlesticks. Red lines: resistance lines formed by finding the failed breakouts.

NeoButane Feb 6, 2018

Sideways channel, RSI near 30. Bottom of boll bands, fishnet showing a break in support for entry. Green: entry Red: stop loss

NeoButane Updated  Feb 6, 2018

Keep an eye on order book/depth manipulation. Bottomed out on the bollinger bands, RSI <30 and trending upward. I say 3800 because $BTC might bully it around. Green line is the previous low/support, maroon line is the resistance. The falling wedge isn't finished just yet, but since we're so close to support I believe now is good time for entry.