Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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Consensio: M MA > S MA > P > L MA
Patterns: Phase 7 Hyperwave | A&E | Bear Channel
Horizontals: S: $3,742 | R: $3,820
Trendline:
Parabolic SAR: W: $4,216
Futures Curve: Backwardation
Funding Rates: Longs receive 0.0183%
BTCUSDSHORTS: Rejected from 9 EMA. Will be interesting to see if it makes lower low
TD’ Sequential: Bullish price flip with todays close, current candle is trying to make bearish price flip
Ichimoku Cloud:.Watching for close above Tenkan-Sen
Relative Strength Index: Continues to support > 50
Price Action: 24h: +0.21% | 2w: +6.6% | 1m: +12.1%
Bollinger Bands: Continues to support > 50
Stochastic Oscillator: Monthly buy signal in confluence with weekly buy signal is very rare / powerful
Summary: In a Telegram conversation with Leah Wald I mentioned that “I can’t remember the last time I felt this bullish about crypto”.
This is only the second time we have gotten a monthly Stochastic buy signal < 20 and the first time it has been < 10. The last time we got that signal it called the bottom of the 2015 bear market. Just so happens that both occurred on a monthly red 8.
I do not think we have found the bottom due to lack of capitulation / FUD as well as Hyperwave theory, however I do feel very confident that we are in for a strong bounce over the next couple weeks / months.
First target is the top of the bear channel that is pictured above under ‘trendlines’. If we breakthrough there then I expect a $6,000 retest / rejection which leads to capitulation and a return to $1,000 / Phase 1. However everything hinges on closing above $4,200. That is due to the massive gap in the visible range volume profile.
If we breakthrough $4,200 on a daily closing basis then that is the final confirmation I will be waiting for. I have already started to build my positions and am ~30% entered. Will make sure that I am 100% entered if we close above $4,200.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
Consensio: M MA > S MA > P > L MA
Patterns: Phase 7 Hyperwave | A&E | Bear Channel
Horizontals: S: $3,742 | R: $3,820
Trendline:
Futures Curve: Backwardation
Funding Rates: Longs receive 0.0183%
BTCUSDSHORTS: Rejected from 9 EMA. Will be interesting to see if it makes lower low
TD’ Sequential: Bullish price flip with todays close, current candle is trying to make bearish price flip
Ichimoku Cloud:.Watching for close above Tenkan-Sen
Relative Strength Index: Continues to support > 50
Price Action: 24h: +0.21% | 2w: +6.6% | 1m: +12.1%
Bollinger Bands: Continues to support > 50
Stochastic Oscillator: Monthly buy signal in confluence with weekly buy signal is very rare / powerful
Summary: In a Telegram conversation with Leah Wald I mentioned that “I can’t remember the last time I felt this bullish about crypto”.
This is only the second time we have gotten a monthly Stochastic buy signal < 20 and the first time it has been < 10. The last time we got that signal it called the bottom of the 2015 bear market. Just so happens that both occurred on a monthly red 8.
I do not think we have found the bottom due to lack of capitulation / FUD as well as Hyperwave theory, however I do feel very confident that we are in for a strong bounce over the next couple weeks / months.
First target is the top of the bear channel that is pictured above under ‘trendlines’. If we breakthrough there then I expect a $6,000 retest / rejection which leads to capitulation and a return to $1,000 / Phase 1. However everything hinges on closing above $4,200. That is due to the massive gap in the visible range volume profile.
If we breakthrough $4,200 on a daily closing basis then that is the final confirmation I will be waiting for. I have already started to build my positions and am ~30% entered. Will make sure that I am 100% entered if we close above $4,200.
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/