wildboar8

wildboar8

It’s Sunday and it’s raining here so I thought I’d write up a post. I was going to review a few alt coins but presently alt movement depends on what btc is going to do so what’s the point of doing alts first. Also, as the title says, I’ve been learning a lot about forks (courtesy of KingCobra) and cycles (courtesy of CamelFinance) which both have made my life a...

wildboar8

This is what I see for BTC in the next few days. PA has pulled back nicely to the median line on the 4h pitchfork and is reacting to it now. Overall the local downtrend which is a wave 4, is a flat or simply an ABC correction taking us to 86.2k. With this continued drop I would imagine BTC will drag most all the alts down with it. Shorts would be the plan for...

wildboar8

What I've seen is that all the “Parabolic” portions of the bull market run have been preceded by a drop of between 24 to 55%. (circled on the chart) During these drops, I’ve been involved in crypto since 17 so I’ve seen the last two drops personally, everyone calls doom and gloom, the end of crypto. No matter what swan events preceded and/or caused these drops,...

wildboar8

I believe BTC is in one of the last wave 4's of this cycle right now. It impulsed down from the high of 17 Dec to bottom 20 Dec. Following that impulse it's been in a choppy sideways ABC/flat correction presently running in a downward channel finishing an ABCDE to approximately 91-92K ish probably in the next few days. That would complete the B wave of the...

wildboar8

Looking at the 1D chart it "appears" to me that GALA has made a nice impulse down from the high 0.08702 in March/24 to the low in August. Then did a nice ABC for a 2nd wave pullback up to the resistance area but not quite to the meridian line but still a perfect 85% retracement. So longterm it "looks" like GALA is in a wave 3 to the downside and I just make make...

wildboar8

Eth is in wave 4 heading down to either the meridian line of the pitchfork at 3,166 or further down to double bottom with the previous low at 3,105. Right now BTC dropping is helping ETH move along down. Presently in a short entered at 3,478 and will ride it as far as it goes then planning a long position from either previously mentioned targets. My thoughts,...

wildboar8

Looking at my 12h chart today I adjusted my LINK setup. LINK has been in an uptrend parallel channel since mid June, 2023 running a WXYXZ. I also have an impulse 12345 running. I had initially thought the wave 4 was complete with the wave 5 happening early December (white circle) but pa didn’t reach my wave 5 target. I then readjusted my wave 5 to late...

wildboar8

So I haven’t posted for a while for many and various reasons. One of which is I have been learning/losing/winning in futures trading. I can tell you it’s been a hard learning curve which I think/hope i’ve started to get a handle on. One of the biggest things I found I needed to learn was entry points by finding to top or bottom of a movement for entry. with...

wildboar8 Updated 

To review, the 1w & 1d RSI, sRSI, EFI and MacD indications show continued downtrend. In a nutshell, down trend to continue for a couple weeks. Looking at the 8h the PA bounced off a support area but shorter timeframes show this bounce has bounced its bounce. I believe PA will settle down into a range market area defined between $45 and $39 and bounce around...

wildboar8

Using the 1w timeframe, with the PA selected as “line”. Since the 3rd of January PA created a “V” that thence created a divergence indicating downtrend (labeled “1” on the red trend lines). Jan 25 is the day LUNA created a bottom “V” which thence created a second divergence indicating continued downtrend (labeled “2” on the red trend lines. LUNA’s PA ascended...

wildboar8

What’s the first thing that comes to your mind when you look at this chart? Then, after that and keep it in mind, look at the timeline and ponder the implications of cycles. My thoughts, not advice Oklah. Cheers

wildboar8 Updated 

During the last month FTM has done a 107% increase with 14% of it in the last week. Really good considering the fear in the present market so I wanted to have a quick look at FTM. The 1m and 1w RSI both show clear divergence indicating a trend change down or sideways movement with then sRSI in agreement. On the 1d chart shown above, the upper RSI has a clear...

wildboar8

No matter what, for now, alt coin action is dependant on the size of bitcoins pumps and dumps, for now. It has not found its bottom and so neither has the crypto market. However, a few coins have lifecycles of their own, more or less, and MATIC is one of them. Looking at the 1d timeframe chart the RSI made a nice bottom “V” @29 on 22Jan. This is a level it has...

wildboar8

Looks to me like there’s a bear flag within a bear flag. The 1m, 1w and 1d rsi, srsi and efi indications are horid. Down Trend. Lotta good news out there but I think we’re gonna dip this weekend.

wildboar8 Updated 

Not going to re hash what I described in part 1 except to summarize that I believe bit will dip to 29k before uptrend. Now looking at the 1d chart above, the first item to look at is the RSI which “V” @20.66, 22Jan. The last time RSI was at this level occurred mid May last year followed by about 2 months of down trend. The RSI also forms a clear Divergence,...

wildboar8

Yesterday I thought I worked out a pretty good paper trade for THETA. My wife and I needed to go run some errands and shop so I activated the trade (yellow arrow), then I went shopping. Ya I probably got stopped out while I was choosing radishes and cucumbers for the dinner salad. Anyway, theres something to learn here and I thought I’d share. The set...

wildboar8 Updated 

As I write this bit did a bit drop and dragged all with the tide. However, bit did a double bottom on the 30min RSI this morning at 9 and 10 o’clock my time touching RSI27 nicely. It’s now back up to 40 and ascending. enough about bit … Looking at MATIC 12h chart we see the last big red candle dragged the PA outta the range market to a small support area of...

wildboar8

Before discussing the 2h chart, a review of the long term RSI. The 1m RSI shows a continued downtrend but the 1w is showing signs of a levelling off of PA from a down trend to an oscillating sideways action. The sRSI on the 1w is very low at 10 with the lines level and overlapping possibly indicating an uptrend on the sRSI soon. Now looking at the chart...