TsangYouJun

TsangYouJun

I have seen it, the Promised Land. There will be many tumultuous waves, huge waves, but we must hold strong to the sides of our life boat. In the end, we shall all arrive at the promised land. Save as many as you can.

TsangYouJun

My Personal Intuition: It looks like gold has run out of steam to head to the next fibonacci extension level at 2.618, and is now hovering at 1.618. I believe if the covid-19 situation continues to improve, and markets become less risk-averse, we could be heading back down to the long term support level at 1.000, which is $1738. Regarding the Fibonacci...

TsangYouJun

Personally, I've held Bitcoin throughout the entire bear-market, so I'm in no rush to buy more. However, seeing as we're at a critical juncture right now regarding BTCUSD, it doesn't hurt to have a plan in mind for when next to dollar-cost-average or buy aggressively. The chart shows where I believe bitcoin could go in the coming months, and I've indicated where...

TsangYouJun

I've found that the Bollinger Bands that I use for investing in the stock market, also do work well for Bitcoin on the weekly chart. In addition to just regular dollar-cost-averaging (DCAing), you can also purchase BTCUSD aggressively when the RSI falls below 40 and/or price goes below the lower Bollinger Band. I do not however recommend taking profit at the...

TsangYouJun

My second 2020 prediction for Bitcoin, is that we have to hold above the 10,000 mark in order for the next bull run to ensue. If we drop below 10k and stay there, then it's very likely we're in a larger "moon and 3 cats" fractal, that will result in a multi-year bear market for Bitcoin. Very pivotal point for BTCUSD! If you want to know more about "Moon and 3...

TsangYouJun

From the standard arithmetic chart, it appears as though Bitcoin has broken out of its long-term consolidating wedge pattern, and is now ready for the new moon run!

TsangYouJun

I've updated my script "YJ Mean Reversion" with some plotting functions for better visualisation and optimisation of the strategy. In this case, I've found that a deviation increment of 3% maximises gains on the S&P 500.

TsangYouJun

Mean reversion strategy, based upon the price deviation (%) from a chosen moving average (bars). Do note that the "gains" are always relative to your starting capital, so if you set a smaller starting capital (e.g. $10000) your gains will look bigger. Also when the strategy tester has finished calculating, check the "Open P/L", as there could still be open trades....

TsangYouJun

Coded the buy-sell patterns of a robot running on Ethereum, using the 20 day moving average indicator. You can see it's historical performance in this chart. Source: medium.com

TsangYouJun

Bear Pennant and a sell off that looks larger than previous sell offs. From Elliott Wave, this does look like the end of Wave 5. ABC correction incoming.

TsangYouJun

Looking at past history, we can see how this bubble maker will move into the future.

TsangYouJun

Bitcoin is currently at a critical juncture. These next 2 weeks could decide its fate for 2018.

TsangYouJun

Could be the bull we're looking for.

TsangYouJun

Here it is again on the weekly. woobull.com

TsangYouJun

woobull.com

TsangYouJun

Looking at the pure price line and looking for patterns.

TsangYouJun

On the weekly LTC did a classic elliot 5 wave pattern. Followed by an ABC correction that turned into a double-bottom. Feeling bullish on this one.

TsangYouJun

We've experienced a huge price fluctuation in just 3 weeks. Previous ATH fluctuations usually last 3-5 weeks.