FerroIgnique

FerroIgnique

I made a post recent that took a momentum trade into OP with no idea about its fundamentals. I still don’t know jack about this project. But I’m deeply in the money and this could like SOL, LINK or any other coin that makes millioniares before the rug pull. The lines repesent my original entry and stop loss. For what ever reason kucoin is missing data. There is...

FerroIgnique

I know nothing about this beyond its had some great days, great week. It took the 50SMA on the daily and is deep in cloud. Pardon the hasty mobile post. Got work.

FerroIgnique

Green line is my initial entry, blues are my stops. I see this bullish decending wedge because it meets my biases. What’d you think

FerroIgnique

Rose is breaking out of the Ichimoku cloud, and we have but a few hours until the daily close. Barring a massive smack down as seen on 12 Nov we will close above.Add'lt confirmation if a candle opens and closes outside the cloud, with no interaction inside tomorrow. We have also scooted bullishly on top the 50 SMA since 3 NOV. I expect this to be volatile, not...

FerroIgnique

Bitcoin had a Golden Cross in Sept, but then the priced dipped below the MAs and tested the bottom of the Ichimoku Cloud. The price then rallies above all the MAs and Cloud's base and conversion line. This recent pullback is a bounce off the 50, and the TOP of the cloud. While MAs and clouds aren't deterministic, if you look at past retraces and Golden Crosses,...

FerroIgnique

TLDR: Full FOMO, this is it, buy JP8 for the Jets and BroGas for the Lambros. Hash ribbons painted a buy back in Early Aug, thats the blue dot. The blue dashed line is the futures expiry, where we dumped promptly after. Evergrande is not necessary to explain price action, hash ribbons, furutes expiry, Sept is one of the worst months for crypto. Look at prior...

FerroIgnique

Very simple: the price has set a higher low on the 4h using the Stoch RSI cylce from over bought to over over sold a few times. The Heikin Ashi candles smooth out the price and Stoch RSI. There is no guarantee that the Stoch RSI will move directly to overbought, but this could be a indication the upward trend will continue, or the local low is in. Lines: dark...

FerroIgnique

This charting is completely non-standard because the flag is sideways, not downward like your typical bull flag. I however maintain this was a time based correction, not price based.

FerroIgnique Updated 

My prediction is that we are going to crab until W1 August, then break the VPVR-POC and top of the flat section of the Ichimoku, at ~34.3k and ~35k respectively, perhaps on the same day. I further predict that if we push through the thickness of the cloud in July we’d retrace in the yellow area, but it we crab and break any retrst will be minor, may not even flip...

FerroIgnique

I’m waiting for Bitcoin to flash a buy on the hash ribbons because it’s been very reliable, but it also has signals on other coins. Is that data valid? Regardless, I’m long and will sit on this all month until it times out.

FerroIgnique

Bitcoin has been churning for over two months. There are some bears out there, one had the audacity to tell me that this is all a bull trap and ETH is going to dump 30% when it gets rejected from 3k, like Bitcoin died at 20k. This doesn’t look like death to me. It looks like it consolidated for two weeks and went on a tear. What do you think Bitcoin is going...

FerroIgnique

Bearish divergence on the weekly traced in green to the far left. In the Middle of the chart we can see the run up in 2017 that saw the price x3 to die with an RSI Double Top with higher price. Also of note is that we have not touched the 21w EMA since Sept which coincidentally was our last month with a red candle. We had several touches back in the 2017 rally...

FerroIgnique

Dollar Milkshake Theory appears to be in play. We have the textbook Cup and Handle; it may need to confirm the top of the Cup, but I am optimistic that USD will run on the weekly to monthly time frames, which is why I'm denominating all my crypto margin trades in EUR. I'm expecting well above 1.00, maybe 1.20. Also check out the 9 Season Rainbow, I quite like it,...

FerroIgnique

My exchange allows me to trade Bitcoin x5 in USD or Euro's. This chart shows the relationship between BTCEUR divided by BTCUSD to account for the moves in the fiat. My take is that I'm better of longing BTC in Euros for now. The Dollar index is reversing a year long downtrend that may force foreign currency holders to pile into USD to protect their wealth. In the...

FerroIgnique

My exchange allows me to trade Bitcoin x5 in USD or Euro's. This chart shows the relationship between BTCUSD divided by BTCEUR to account for the moves in the fiat. My take is that I'm better of longing BTC in Euros for now. The Dollar index is reversing a year long downtrend that may force foreign currency holders to pile into USD to protect their wealth. In the...

FerroIgnique Updated 

XRP is the coin that continues to disappoint. Green and purple lines were drawn a few months ago; If we make a convincing break of the green line then I believe its got a decent chance of beginning to run, if it collapses, as XRP is wont to do then it may double bottom to its COVID crash lows. I don't expect it to fall to where the purple line would extend to....

FerroIgnique

Dear Trading Log, If we start on the 21st we can see a bullish wedge in blue and we broke up. The difference between the high and the low of that blue wedge is -18.8%. we consolidated over the course of two days and then moved up impulsively again first hitting a target just about $.55; The blue bar for the measured move is a little difficult to see but it’s...

FerroIgnique

We have hit a major level, not seen in years, all the way up to 18.4k, with hardly any pullback to speak of. The price is getting squeezed right now, between the 50 SMA on the hourly and the Vstop. Either we will break up, or down and the move will be considerable. I've seen a lot of people calling for a run straight up to the mid 20s, before any major pullback....