fritbjorn

fritbjorn

As of today VARA is very close to being perfectly correlated with MATIC finally. It took a lot of bouncing around within the range but after Polygon posted losses and VARA's posted gains it is very close to exactly correlated. This IS bullish by the way for both assets because both assets share one common theme and that is that those very large order blocks have...

06:45

fritbjorn

I present to you order flow data that shows clearly where order walls are present, why price action rejected off of $0.022 (I think I mistakenly said $0.22 in the video, I meant .022..)

fritbjorn Updated 

As you can see I have the 15 minute on, simply because when I used to day trade this pattern was fairly reliable. Obviously the shorter the squeeze pattern is the less likely it will break out, because longer squeezes build up more market tension. Now, as a day trader staring at a 5, 10, or 15 minute chart this one I am looking at on VARA is no doubt a buy signal...

fritbjorn

A bullish squeeze was detected on the 10, 15, 30, 1HR chart. It will confirm if still present 2HR chart with 80% bullish breakout and 20% bearish probability. TP2 target cannot be set until a reaction is seen. Long or Short entries are market orders.

fritbjorn

Here is TP1 target for anyone who happened to take a long entry following my last post. TP2 should not be calculated until we see some kind of reaction, hopefully support will confirm above $0.02, if it doesn't I would not waste time taking profit because of the likleihood of further continuation.

fritbjorn

This is a bullish squeeze pattern, bullish because it is at the bottom of a range. Breakout statistics is 80% to the upside. I always eyeball charts for assets I decide to trade for these little beautiful squeeze patterns, the longer the better. The B Bands will predict a squeeze pretty well by all of the lines squeezing together indicating real indecisive trade activity.

fritbjorn

This chart is not pretty and to the untrained eye looks scary. The thing to remember is that the Channel, even after BTC dumped quite a lot, is still not broken. Actually, not even BTC's channel is broken but more about that later. These knee jerk reactions are all thanks to our friends at the Federal Reserve bank who like to pretend that the US Dollar is more...

fritbjorn

DXY had experienced an unnatural pump against risk and competition currencies, elation that will no doubt come to an abrupt end soon as my charts do not lie. What would typically be viewed as a large bull flay is indeed a failed auction. This signifies a major upcoming crash of the USDX as inflation has been out of control and the fed has failed to control it....

fritbjorn

When VARA was initially listed it pumped way beyond anything near its actual intrinsic value at the time. I do think that VARA could move well above a dollar given enough time but its current value is well below where it should be. See my chart showing initial speculation by investors and I explain how and why VARA is stuck within this range and why a breakout to...

11:42

fritbjorn

This video briefly covers how to use bookmap at a really basic level and I also go over VARA vs MATIC correlation as well as the progress of our 80/20 candle.

fritbjorn

VARA is currently still quite behind in correlation so I believe a lot of catch up is going to occur within the next 24 hours. The weekly 80/20 candlestick that I've been eyeballing and expecting to turn green has flashed green multiple times as the red indecision hammer begins to signal a bullish Thor's hammer in which case would signal not only a bullish reversl...

fritbjorn

This hammer candle that has been in the process of forming over the past week should turn green. VARA is way behind it's correlated assets and from my experience, statistically speaking, assets catch up with one another in some way shape or form. The timing is never perfect thanks to the very low market cap VARA has but we are still somewhere around 20% behind the...

fritbjorn

Another Troll So Another Update... Looking at the Monthly, this asset remains VERY bullish and has obviously bottomed out. These are the order blocks that currently entrap price action within this range that we are trading. I ignore all FUD and execute my trade strategy till death... Trade the range until the range breaks... If the range breaks, trade the new...

fritbjorn

I've circled (or boxed in rather) the chart patterns which along with order flow data confirm the presence of large order walls. Yes, it is true that I could rely only on order flow data from BookMap to tell me where these are at because the heatmap clearly shows them. But BookMap takes a long time to download data and you have to let it run for a long time before...

fritbjorn

Even though I typically disregard lower time frame patterns this cup and handle pattern that just formed and confirmed is so pretty I thought I would share it with everyone.

fritbjorn

This common looking candlestick that I've circled here is a type of indecision candle can indicate the presence of a large bullish order block below it. When we do a quick overview of the order flow data available through BookMap's heatmap we can clearly confirm that a massive order block does indeed exist and support spans a substantial area below current price...

fritbjorn

Ah, the elusive 80/20 candle... I've been talking about the 80/20 candle quite a lot and there are of course different types. One is red which is starting to form on VARA's weekly chart, it has not confirmed there yet but on SHIB's chart we have a full fledged 80/20 hammer candle and because the candle is green the candle can exceed 20% and still be considered...

fritbjorn

I love the 80/20 candle... I have a version of the fib retracement tool on my chart. In this case I am measuring the weekly candle VARA is in right now from top to bottom. As you can see the wick of the candle is almost 80% of the entire candle and the stick is almost 20% of the candle. This bullish signal doesn't have to be perfect but when I am hunting for...