hardforky

hardforky Updated 

Well it's been an exciting few days and very interesting in terms of TA which has proven its weight in gold over the last week... 21 grams? I got a little caught up on the FOMO and mucked up a small trade - Binance refresh rate is appalling. Despite that, for a novice I have day traded the channel quite well (purple line) and expect this to hold up to point B,...

hardforky

As a novice it is always nice to see when some of the great techniques I have learnt from this community pay off. School boy error though - I forgot to plan for what's next, what comes after this leading edge. I guess I'll take a cue from the market to see if we can break this resistance point and move into a bullish market. Many thanks TV community! HF -...

hardforky

Many end on a double-top but mixed bag in regards to price - some go parabolic after breaking the downward line, others whimper across and beyond. If BTC makes it in the coming few days its impossible to say what it might do but perhaps this will be a gradual rise as this crash is not related to any noteworthy event (e.g. Mt Gox) and the FOMO will take time to...

hardforky Updated 

I don't think you need to be looking at 2014 charts to predict the future. There is a risk you see patterns in everything but I'd suggest more recent events are more valuable. - Striking similarities in form, trajectory and (critically) market conditions. Yesterday I witnessed a large sell volume appearing stalling the rise in price. My guess is that this was...

hardforky Updated 

Nervous about a bulltrap

hardforky

BTC is mirroring the trend pretty nicely with each spike being within a 6 hour range. - Shame I cancelled my stops to cash in at $8,450 to place some defensive stops if it dropped (novice). I'm not going to try risk trading the next day as if this trend holds then we should expect that the Bulls have all the weight they need and there will be limited...

hardforky Updated 

A lot of nervous hands right now, and rightfully so. There is obvious room for a further 20% slide (relative to fall we have seen this year this is small potatoes but offers considerable additional gains if the market reaches ATH again). I hope for further upside here though I don't expect the market to edge much past 9k if it does go up. I adjusted the...

hardforky Updated 

Interesting, I took a quick look and the future looks bullish based on the historical manipulation map. I am being extremely cautions about this as this is a totally different marketplace and each manipulation will change dependent on the relative macro and micro forces but it would be nice to pay for some of those beers consumed while I was away ;)

hardforky

So after a nice holiday I turn on the machine exactly as the market jumps up. The foretasted micro trend set in March has pretty much mirrored BTC through to this moment (excuse some of the timings). Not blowing my own trumpet here - The forecast based on historical FOREX manipulations predicted a shift now but I was unsure on which direction it would take at...

hardforky Updated 

I've tightened up on the line timeframes to overlay the traditional SH - note that this is an example rather than prediction. BTC dropped deeper then my own target prediction of £6,980 but as mentioned, my last SH I underestimated and the drop and it went deeper and I overestimated the resistance after $7k. BTC likes to do things bigger and faster or possibly...

hardforky Updated 

Hi, I'm updating this Idea based on the hourly. As noted in a previous Idea, this overlays an example of a stop hunt / trap. I also noted that when Iast saw this trend I got it wrong and the trap trend failed and the market dropped a lot deeper! That's probably because I'm a novice so just highlighting the possibility rather than a forecast. The reason I'm...

hardforky Updated 

Hello, To add a little positive thought into the gloomy picture being created by the Mr Whaley the Market Maker I've overlayed a typical manipulation of a Stop Hunt (Novice Alert). In FOREX these occur by the minute, by the day but also by the month and year to Stop Out all the different traders - The house always wins. Now there are a number of large players in...

hardforky

I still agree with the idea of bullish short term action from BTC working off the FIB. We are nearing the medium term target - either midnight CET or tomorrow morning. With the recent liquidity efforts around the $8,100 mark I think it is going to try crash through the resistance and spook investors all lining up to buy in at $7,600, lets hope it holds. However,...

hardforky Updated 

Watching the trading on BTC is fascinating and I've enjoyed trying to get my head around the posturing and trying to identify 'fake outs'. While RSI and other indicators are looking pretty good I think TA has run its course now and this is just a game of cat and mouse. - I think most of the buy posturing is probably from the bears themselves in an attempt to...

hardforky Updated 

Very rough look at events in the past as channels came together. Note that the 2014 crash is a little difficult to review due to it's length. Trying to take an objective stab at this, it looks like each crash ended before the channels met. We are nearing the coming together of the long established up trend* and the recent down trend. Has anyone you know looked...

hardforky Updated 

Novice but I've managed to predict the last 2 bottoms so 3's the charm, right? - The market is prepping and testing resistance past $8,600 right now calculating the requirements to push back up to the channel - now at $9,900 (not $12k). - Based on historical drops (previous years) I'm expecting a slight retracement then a little more consolidation before the run...

hardforky Updated 

Novice trying to learn a little more on retracement strategies. I'm liking this RSI (14, close) indicator. Took a nice (small) gain at the $8,301 placement but in a hesitant mod about the next trend. Most traders here seem to be going short and I feel we will break through the $8k mark (due to a little panic), maybe shooting down to $7,900 before a pull back...

hardforky Updated 

Picking up on a few conversations on tradingview / YT - RSI is not looking too healthy. I have a retracement in at 6,331 but this suggest a deeper drop longer term. That being said, bigger gains have been created from the bulls through smart buying in the past Novice / still bullish but nothing is linear right? :)