hardforky

hardforky Updated 

-Indicators look like there will be a short term correction. -H&S formation will close off and there is a good chance it will go up with a similar formation in April. Volume looks ok but who trusts the exchanges right? -Concern is the ALTs have been dumping. BCC in particular is looking lackluster. Lack of interest from the weekend worriers as the WC and TDF...

hardforky Updated 

Typically seen at double tops, my guess is it is part of a manipulation where price inflated off a 'genuine' bullish move. Low bearish activity to draw in buyers and then a sell off. Volume might come back in but I'm out for now Hard Forky

hardforky Updated 

Simple MFI divergence (bespoke length set to 30 at 2hr) - Accumulation occurring before the expected events to turn bullish. Next - Similar pattern in April 7th (the weekend) Expecting to run along the bottom side of the channel then drop come Monday. - Watching MFI for confirmation of this - drop (in volume) while RSI remains high. I'll reset and compare (length...

hardforky Updated 

2 weeks later and now $236bn. $26bn away from target. Notes on previous Idea below but the Idea was centered around everything being interlinked - i.e. don't just look at BTC / a single ALT when evaluating where the market is going. The trend takes you to a total market cap of $212bn. This was a market drop of 21% from $268bn however I would not necessarily...

hardforky Updated 

Las time is saw sell walls this big in the ALTs it was at the end of the last bottom manipulation. The likes of BNB are being squeezed, BTC blocked. - My current reading is that the price is being suppressed to ensure Futures targets are hit - see related idea from a few weeks ago. Unfortunately I don't think the 'bear' market is over due to base product economics...

hardforky Updated 

Are we on an uptrend - even if it is short lived? I've become a fan of MFI as I learn more about it - perhaps it will be a passing FAD as I continue to play with bb but in this world of HFT bots I need any weapon I can get our hands on to slay the Market Maker. I've updated RSI and MFI to a length of 50 periods (instead of 14) as the pricing action is too...

hardforky Updated 

So I have placed a stake in the ground. After sitting on FIAT and Tether (with the exception of a few beer money trades which marked a few breakout opportunities but failed) I'm going to target this area for a swing. And I have a (wild) rationale! 1. My analysis of Money Flow Index - see related Idea helped me identify whether the uptrend line may be broken...

hardforky

I''ve posted a few posts on my investigation into MFI. We are swamped with so many indicators but this in contrast with RSI can help identify early warning signs of moves up and down on short and long term time frames. I'm using it now to validate all trades when I use RSI. - MFI does suggest some small support at 8450 level - If it fails then we are heading...

hardforky Updated 

Buyers need to exit but first need to create the stops. My read on the situation is to expect sharp moves up as MM hunts stops. Bulls will takeover once this H&S is complete. Will consider making this trade if the price temporarily drops but MFI stays bullish. Mid-term bearish. Sincerely, Hard Forky

hardforky Updated 

As I'm second guessing the BTC market so I was looking at the trends from another angle - I crudely drew in the Coinmarketcap total market capitalisation. BTC directs the market but if the whole market is correcting then it is worth noting that the market is still off previous bottom and has a declining trendline. Yep more FuD but I think many want to buy and...

hardforky Updated 

I've been bearish and resisted buying anything lumpy to date. However I have taken some small trades for beer money. - the price hit my (adjusted) E3 buy point which is based on the previous low's uptrend / floor price (in green - ignoring the manipulation spike down) and the mid-term down trend (red). - indicators look positive and MFI / MACD dipped into the...

hardforky Updated 

Still observing and experimenting with Money Flow to see if it has value in determining outcomes of this chop. See previous idea. Looking at the 1 hour, whilst RSI suggests price may remain up MFI suggests a drop with MACD adding weight to the argument - this is in line with the Daily MFI Analysis and H&S expectation. BNB is taking no notice ;) Best, HF

hardforky

Money Flow Indicator not mirroring the RSI and resulting price hike from today's action on the longer time frames - MFI seems to typically be slower to respond to sharp price change but may suggests overall Volume is not there for it to be sustained? I have been looking at this indicator to see if it can help me predict swings inline with RSI. Watching the daily...

hardforky Updated 

To distract my attention and stop me FOMOing in I've been looking at some alternative indicators to see if there is any new information that can support my outlook (whilst trying to be objective). Money Flow Index is essentially RSI (momentum) with Volume thrown in as I understand it (RSI does not include volume despite many pointing to it as a volume...

hardforky

For me this is a key turning point and potential buying point but I'm watching for now. My expectation is that the trend will be broken, mainly because everyone has been filling their ALT bags and there is no rush to sell BTC right now. Also, each dip has resulted in a larger market cap at the low - which means people are not panicking anymore and willing to...

hardforky Updated 

Short term expectations while on holibobs. I am only partially in at this point so checking in, waiting for confirmation before further laddering in - Expecting at E3. We have broken the initial resistance but I'm expecting a number of swings before any real progression - possibly for a longer period than April's. Note that I have a bearish bias at the moment -...

hardforky Updated 

E1 buy point was hit - weak show from bulls so did not commit. Expected bounce came but watching the nature of it's trajectory and to see if it hits target (7694) E2 expected late tomorrow - Concerned this will fail - Indicators and trends point to a bounce but It's the 3rd touch and last touch was a little dicey. I put this in green to add a little positivity...

hardforky Updated 

Expecting a couple of minor, deeper cuts where i will consider laddering in. Target price was 7340-7380. This came sooner than expected and being a novice I'm obviously apprehensive. I'm not expecting a drop beyond this area but going to watch the price action and see whether the market maker wants to go for more stops. Best, HardForky