📌 What have we got in play here? On the news flow Paypal does matter but it was expected and is done at the right time if you ask me. I mean the retrace here will be healthy, to trap the late buyers who are unaware thinking its non-stop-moon while also opening an attack on the previous breakout traders at $11,500. A positional play. Sellers can now work...
📌 Bitcoin - October 2020 Well done those still holding longs in what has been a rather slow but simple grind higher. Buyers could have developed quicker according to the flow models but we maintained flexibility. Next comes the wave 3 target at $12,364. And buyers are not particularly favourable to break through without a retrace. The correct course is to...
Short! Long! around Red box area. Bull trend is coming next year!
I love it when BTC goes for a walk.... cheap cheap coins on sale here with buyers back from their vacation. Moreover they have their eyes on the $12,000 highs which they seem too fancy. 📍 And here for a change of scenery we shall dig into the LT macro chart. The multi year battlefield adds all kinds of clarity for our attack, buyers want to load the lows and...
DeFi as they say is the greatest scam ever in crypto history, even greater than the infamous BitConnect... They promise you huge % amount in valueless coins term and in return people are supposed to 'LOCK IN' by buying their valueless coins/tokens All of this non-sense will draw Bitcoin down significantly. We just turned from HODL to SODL.
Does rising wedges still work? If they do you'd better be prepared. Bull trend might be behind us already. I've sold pretty much everything and have started to open shorts.
ethbtc has now resecured its position within the lower %4(0,04) region, with bulls building major strength following the break above its key resistance level. noting that massive resistance that exists right around 0,042 may prove to be insurmountable in the near-term Ethereum has been one of the strongest major digital assets throughout the past couple of...
Looks bearish to me, wait for confirmation on second trendline break and short
Explaining gold & BTC late July - early August upside price action: (Hint: it’s not “US money printing” - that’s clearly not a sudden new phenomenon to explain why NOW) Turkish Lira under attack from inflation mismanagement by President Erdogan & CBRT (Cent Bank Republic of Turkey). CBRT buys gold with dwindling FX reserves, citizens pile into crypto Turk lira...
BTC broke $10,500 makes it a perfect support and resistance role reversal. Huge Interved H&S should send it to new ATH, while we have calculated first target of $14,000.
Breakouts and impulsive swings 📌 @ridethepig June Map Buyers had the move and played to exchange at the key support lows, which despite the length of compression can also be expressed in an impulsive breakup in no other terms than: Buyers in full control and gunning to take out the highs in the compression range. I managed to carry out the...
Wait for price to leave the red area before buying to green zone
Awful macro prints from Europe this morning, expectations of those betting on a quick V-shaped recovery will be rectified. BTC is entering back into play and offers protection on the risk side, it is evident that a compression range is about to blow, a break of $10,000 will trigger momentum as any remaining shorts are forced into retreat. The flows must be...
We might be out of the woods alongside with the US equity market, judging by $M2 and many other factors. We've seen H&S quickly evolved into the recent shortage of dollar supply which lead to a temporary dragdown across the board, and later being resolved by FRB promising 'infinite money supply'. We are currently forming a Inverse H&S pattern with a measured...
As confidence in CBs monetary system begins to collapse we are going to see strong demand for BTC and other major cryptos. Here tracking a breakup back to the highs after the recent Fed flop. Powell capitulating and surprising markets with a rate cut which helped risk assets although the caveat was panic. Markets are rightfully questioning what role monetary...
Even BTC could not avoid the exodus from risk last week. Positioning isn't the problem in this case as the market is back to Jan levels, a clean sweep of the soft hands to reset play ahead of the halving ... We can expect to see a broad recovery of Crypto this week on the back of co-ordinated CB policy intervention, I still favour trading BTC from the long...