TroyByrne

TroyByrne Updated 

G'Day Cobbers, I missed a couple of Dumps while away sick, twitter seems to think it came from a couple of 50 million dollar dumps, not much can be done to predict that unfortunately, I hope nobody got caught out in a big way? This is why I keep repeating the use of Stop Markets (If available on your exchange). Even if you don't like using them because you keep...

TroyByrne Updated 

G'Day, This is a snapshot of today's tide. You can see we are looking even more over-bought today then we were yesterday, We have hit 61 on the RSI which is a level we have not seen for a while, while we are getting high, e have plenty of room yet. The Williams %R is again sitting in the extremes, so a little pullback to reset this is possible. MACD has recently...

TroyByrne

G'day Cobbers and Shobbers, How are we this morning, did many of you manage to make so profit yesterday? I will start with a quick talk about Edges and trading strategy and how to be profitable from your charts. First if you take a look at the chart linked below from yesterday you will notice I flipped outlooks as the day progressed, I also traded on these...

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G'day Cobbers, Taking a quick look at the Daily to get an overall view on how we are traveling and it looks like we may have a pullback on the cards over the next week, we have a fairly high volume inverted hammer, with a fair amount of selling pressure over the last few days. Taking a look back over the chart you will start to notice these candle patterns...

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G'Day Cobbers I hope we didn't panic sell this morning and you had your risk management in place. Take a look at the chart I have posted, you will see a few patterns that may give you back some confidence. We have a buy signal on the William%R and a similar pattern is emerging as you can see. Now, this is not a 100% certainty as it never is but we play the...

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G'Day Cobbers, This is my latest update, If this comes to fruition, you will be glad you came across this TA today. Shorts at a massive ATH so much liquidity, I think my charts speaks volumes in itself, so take a look, do some of your own TA and make a call. Im laddered in down to 6400 but be careful, anything under that is extremely knife edge as it will push...

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G'Day Mate, How are we all feeling this fine Monday morning, since my last post about taking a step back and taking a breath the charts have only become more bullish, after the 20ema crossed over the 50ema, we have had a nice long run, coinciding with a breakout of a falling wedge on the hourly. We are so close to pushing out of the massive wedge on the daily...

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Good Day Cobbers, What a crazy day of trading that was, trading range got squeezed down for hours and then we dropped and rocketed a good few hundred dollars. Anyway, if we zoom out of the lower time frame charts we tend to get stuck on, have a look on the daily we are getting close to a breakout on the daily, We have some bullish divergence and that last push...

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G'Day Cobbers Just logging some "altcoins I am keeping an eye on, this will be used as prosperity and will update with coins I may or May not be investing in. These are based on chart and price action only, while many I have done no fundamental analysis on, it is not a certainty.

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G'Day Cobbers Well what a day yesterday turned out to be, did you catch my head and shoulder call on the last post just before it fell or did you miss it. Today t seems to be building g the same pattern again as the price action is repeated over and over again . By no means are we certain to see this pattern come to fruition and is a very long way off but its...

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G'Day Ladles and Gentlespoons, How about that green huh? Did you get in and make a little trade or are you still waiting for some confirmation the bulls are back. On the Daily we have a nice long falling wedge pattern, also the RSI is still very low, with plenty of room to move, but on the hourly we are building into the tip of a rising wedge as we come close...

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Happy Easter all and Sundry, Hope you guys are enjoying your holidays and elf medicating with copious amounts of Easter Eggs. BTC has been ranging again, it is a bit early to call yet but we may be moving into a inv H&S, we wil need to watch to see how it develops. Im am spending most of my day with the family, so won't be around to often to update but as usual...

TroyByrne

G'Day cobbers, We are starting to near the cliff edge, we are also starting clearly see we are in a falling wedge, will it save us or will we fall of the cliff.If we break out as normal with a falling wedge we may see some fomo as many will think that we have bounced of support, with many bulls looking tio play a double bottom trade. Question is will the bulls...

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G'day Cobbers, XRP is set to drop like a stone, if it doesn't bounce at this previous low, hodlers could be in for a rough time. BTC is set to decline possibly to 6k and with xrp sitting on a cliff edge. Be careful. This descending triangle is going to hurt. G'day Thanks for dropping by, hopefully you garner something valuable from my post, be it...

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G'Day Cobbers, Choppy waters indeed, it is hard to get a handle on BTC currently, as of yesterday I was bullish with the breaking of the small falling wedge but the 200ema stood above like a brick wall and denied any move above 8200 and the eventual break out of the large triangle. Overnight BTC kept ranging and we continued moving side ways into what now...

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G'Day Cobbers After a failure in the last pattern called, I called it but I kept averaging down and am now in a good position for a long term run up to ATHs, I know everyone is calling for the death of Bitcoin, especially some of the top posters, these are for views not your benefit. Can we go down, sure! , Do I think we are going under 6k? No. Take a look at...

TroyByrne Updated 

G'day Cobbers, Tasking a look at the 4 hour chart today we are still on track from the last update on which I said that we will enter correction to under 8800 before making our way to break out of the symmetrical triangle that has formed by the long held uptrend line and down trending line we have be forming since the ATH. I stand by my call we are currently...

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G' Day Cobbers, I have been terribly busy working, trading and generally living. I hope you cobbers took some of what you have learned over the last few weeks and made some money. Sadly, for myself I kept missing Entry while away from the omputer and missed that glorious 995 dollar run up, I had my long on but had to leave and be away from trading for the day...