AlphaBravoCharlie77

AlphaBravoCharlie77 Updated 

• A discussion with www.tradingview.com spurred me to think a bit deeper about ETHBTC. • Fundamentally, Ethereum is fantastic tech, and it is eventual that ETH will flip BTC. The potential is there, but the real questions are if, when and how? And these are questions which TA can provide better answers. • ETHBTC has been concurrently forming a cup&handle and a...

AlphaBravoCharlie77 Updated 

Since 2011, these trends have persisted for BTCUSD • 4 distinct phases within each bullrun; namely, Phase 1, Consolidation Phase, Phase 2, and Crypto Winter. • Phase 1 starts from halving and ends at the 1.618 Fib of Crypto Winter. There is little hype in mainstream media. The best time to DCA out BTC. • Consolidation Phase starts at the 1.618 Fib of Crypto...

AlphaBravoCharlie77

This exploratory essay is inspired by www.tradingview.com ‘s comment to his analysis, and the various comments to his analysis. In summary, in his comment, www.tradingview.com submitted the thesis that opening one’s consciousness and imagination via reading and travelling strengthens our imagination’s sensitivity to the fluctuations that we witness in...

AlphaBravoCharlie77 Updated 

(Republishing my share on Mamocoin's new pi cycle top indicator, as I forgot TW's House Rules and included a youtube link.) I just wanted to share a new pi cycle top indicator created by www.tradingview.com I made some very minor changes to it in order to also identify BTCUSD's 1st peak in what I call the Consolidation Phase, but the original indicator is...

AlphaBravoCharlie77 Updated 

I use Fibonacci numbers rather frequently. In fact, the Fib retracement tool is the first thing I reach for when I start on a new chart. However, explanations for how Fibonacci numbers work have always sound woolly and mystical to me. They work because "man is subject to rhythmical procedure", because there is a Golden Ratio that is hidden behind all things,...

AlphaBravoCharlie77 Updated 

• I know that there are people from the Loopring Reddit who are reading my analyses, and this analysis is dedicated to them. • With more data points, the descending parallel channel can now be better drawn. LRCUSD has not left the channel yet. • Note that channel lines have measuring implications. Once a breakout occurs from an existing price channel, prices...

AlphaBravoCharlie77 Updated 

• DENT has many similarities with LRC. • One, both been depreciating against both BTC and ETH. • Two, I’ve doubts about their real life use cases. • Three, both are bubbly assets which I picked up during BTCUSD’s Consolidation Phase. • Four, both do not acquiesce easily to TA (especially for short-term trading). • Regarding the last point. I suspect the main...

AlphaBravoCharlie77 Updated 

I'm more a technical person than a fundamental analyst, but there are times when FA helps. BTC's mid-cycle consolidation is usually heralded by China FUD which are usually subsequently found to be fake news. It is the same-old FUD again this time. China has outlawed cryptocurrencies and Evergrande is crashing! When it is just the cracking down of monopolies,...

AlphaBravoCharlie77 Updated 

• LRCUSD has been in a descending parallel channel since her ATH on 10 Nov'21. • She seems to be in her last sub-peak of Correction Wave A. • Unless there is a sustained break out of the parallel channel, then the above two assumptions could not be invalidated. • LRCUSD has been behaving in a rather masochistic manner since her ATH. I was expecting a H&S instead...

AlphaBravoCharlie77 Updated 

• Since completing the cup and handle, ENJUSDT reached a top of $3.50, but did not manage to break it’s previous ATH of $4.00. • I trade on larger timeframes, but might ENJUSDT be possibly bouncing off its Wave 1 peak of $2.36? • Incidentally, $2.36 coincides with the 8D SMA. • It would be rather bullish if ENJUSDT were to confirm $2.36 as support. • If so, it...

AlphaBravoCharlie77 Updated 

• As LRCUSD enters Wave 5 and starts to reach for her 2nd and probably final top in this bullrun, it is worthwhile to update our post on LRCUSD. • Trading is primarily a matter of managing one’s emotions in the context of risk-reward management. FA is a tool to identify opportunities. TA is a tool to quantify and thus visualise potential growth and areas of profit...

AlphaBravoCharlie77 Updated 

• That was a nice and enlightening series of trades on LRCUSD. Let’s do an AAR for self-improvement purposes. ** marks areas for improvement. • Some background first. I’m an amateur long-term trader who utilises both FA and TA. FA to identify investment opportunities. TA to add precision to when/where/how to make trade decisions. • My overall trading strategy is...

AlphaBravoCharlie77 Updated 

• LRCUSD’s recent price action has been enlightening. This is just an update. • Some background and FA first. As BTCUSD crossed her 1.618 Fib of the crypto winter before this bull run, besides DCAing BTC, I started hunting for altcoins to fill my bag in preparation for the eventual ETH pump towards the end of this bullrun. ETH is a much safer investment than...

AlphaBravoCharlie77 Updated 

• ETHBTC has been in an upward parallel channel since early 2020. • ETHBTC temporarily broke out of this channel during Phase 1 of this bullrun. • Cup and handle being formed, lining up nicely with 1) ETHBTC as at peak of 2017 bullrun, 2) ETHBTC peak during Phase 1 of this bullrun, and ETHBTC phase during the mid-cycle consolidation phase. • Trade other alts for...

AlphaBravoCharlie77 Updated 

• Just a chart to show the similarities between this and the previous bullrun for LRCUSD. • LRCUSD has been in a parallel channel on the weekly since Mar’20. • LRCUSD reached the top of this channel in Feb’21, and its bottom in Jul’21. • Using the same fib levels, and similarly applying from peak of bullrun phase 1 to bottom of mid-cycle consolidation phase, the...

AlphaBravoCharlie77 Updated 

On the weekly, * BTCUSD has bounced off the 20W SMA (bullrun support line), and stayed above it. * BTCUSD 21W EMA has crossed over the 20W SMA; this shows upwards momentum. * BTCUSD has crossed the 8W SMA, and stayed above it; this shows strong upwards momentum. On the monthly, * RSI is currently at 71.35. * If 1) BTCUSD monthly RSI trend grows at a constant...

AlphaBravoCharlie77

• DENTUSDT does not acquiesce itself to TA. • Speculating *extremely* dubiously, might we be looking at the wrong DENT pair? • In greater detail, might TAs of DENTUSDT not work because data before Sep’19 is missing from all DENT charts other than that of DENTBTC? • Applying the same fib levels for the previous bullrun to the current, from 1st peak to bottom of...

AlphaBravoCharlie77 Updated 

* I was toying with this chart and teaching my 9yo daughter the relationship between chart patterns and market psychology yesterday. Unfortunately, I did not publish my idea prior to the pump. Well... * This pump may be the result of Loopring releasing news relating to Layer-2 NFTs. More news to be released soon. * Anyway, LRCUSDT has broken out of the ascending...