paulflint

paulflint

This chart shows levels at which people entered short and the levels at which they liquidate using 10x leverage on BitMEX Blue boxes short entry Red boxes liquidation level Volume profile indicator seen on the left was used to determine this. WHITE - BUY VOLUME GREY SELL VOLUME Life is full of coincidences right? Look at how quick liquidation levels are...

paulflint Updated 

The quicker the price reaches 5 figures again, the sooner you can afford less BTC. Take your time, accumulate BTC. Using high leverage on exchanges like BitMEX is like jumping off a cliff into the river without knowing how deep it is or how strong the current is.

paulflint

Comparing price action, volume, moving averages. About half the volume this year Pattern is very similar Below MA's, same as last year Looking at 6900 for long but 7200-7300 is support, so being patient and won't enter until support confirmed over the next few days probably.

paulflint

On the left is the log chart with parallel channels. Notice the price just wicked close to the bottom of the main up channel and the bottom of the current down channel for LTF On the right is the linear chart with parallel channels. Notice the 11-12k candles rejected off the centre of the main up channel and we are below the centre of the current down channel for...

paulflint

On the left we have the coinbase 4hr chart from October. You can see the shakeout drop from 7990 to 7300 There is a spike in volume which acts as a spring to pump price to 10540 On the right we have the coinbase 4hr chart from November. Don't be fooled in to thinking this is the same price action. After distribution finished, the price dropped. Slowed by the...

paulflint

PS - Preliminary Support (buys provide a bounce to slow move down) SC - Selling Climax (Buys absorb remaining sells , end of panic sell off) AR - Automatic Rally (Price rise caused by volume buys and lack of sells on the orderbook) ST - Secondary Test (retest of support, may occur multiple times) Shake Out - Volume sell to drop price encouraging inexperienced...

paulflint Updated 

Pattern is very similar to the 5k range

paulflint

just watching the price long target around 8400

paulflint

Price bounced off weekly volume support around 7900 Then wicked off the weekly volume resistance above, around 8700 We are now sat on daily resistance around 8280 waiting to see if it holds as support before adding long

paulflint

Month end, perhaps price will wick up 9000-9720 for the close, bouncing back down off an MA or fib. If it dips there isn't much to bounce up from for a while except awaiting long orders. TP 7600 for short, if this happens I will look to short a bounce unless price looks set to break 10k Either way I wouldn't enter here, short 8500-8900 or long 7800 and below

paulflint

So price finally broke both Symmetrical triangle and Descending triangle on the Daily chart. Price is currently at the bottom of the upward channel on the Monthly and the Downward channel on Weekly / Dailly. If you are following the 16k possibility called for October, that would put the price at the top of the upward channel for the end of October. I have...

paulflint

Short term trade looking for a long here. 10150-10250 TP 10500 TP 10700

paulflint

Building long below 10k Action looks like order books being cleared for fast moves Chart has TV volume profile indicator if you don't have a subscription, use my referral and get one. tradingview.go2cloud.org SmartFibo Bull Bear FIlter and BBF Signals, see my good friend: t.me www.tradingview.com MCMA - Multi custom moving average just my own script to...

paulflint

I believe the high on the weekly is in. I have seen people calling 11200-11600 I think we will get 10750 by the end of the week There is a dip in the volume profile around here I am looking for a wick short entry there

paulflint

Update of my LTC chart Waiting to see if we drop below support, looking for long below 0.005200 with 0.003140 and 0.001300 to average

paulflint

Magenta Support Purple Resistance

paulflint

Nothing to say, it's right until it's not

paulflint Updated 

Short term trades If we stay inside the triangle on the 15 minute TF, look to long a breakout with TP at the magenta trend line 11560 TP at the 23.6 fib 11750 TP at the purple trend line 11900 look for lack of volume on the breakout and use stops in case of fakeout If we drop out of the triangle short TP 11200 then watch for bounce and retest of 11300 If...