BitmexDegen

BitmexDegen Updated 

Long from previous idea still open, BB Bot following up with buy signal on H12 suggesting this is going higher.

BitmexDegen Updated 

BB Bot H4 signalling a reversal to the upside from range bottom for the first time in quite a while, possibly a weekend move coming. Given the low volatility lately, it might very well turn into a scalp. Locking in some early profit and moving stop to break even plus fees. The general play is to short volatility by selling calls/puts and hedging with some...

BitmexDegen Updated 

2nd short signal from BB Bot on H4 and band width signalling incoming volatility. The bounce ended up as failed reversal on Better SCMR, and there's a good chance that we will see more downside from here, hopefully finally a break out of the HTF range.

BitmexDegen Updated 

As expected in the last post Btc we saw continued sell off and Btc broke down from H1 range. Looking at H4 we now a have a bearish retest of the small base above (horiz line) with continued downside expectation from both Better SCMR and BB Bot. Also notice the squeeze of the Bollinger Bands preceeding this move. There is no reason to fully close this short at the...

BitmexDegen

Btc looking truly awful on daily chart, BB Bot gave the signal (top plus sign) to go long ago, and SCMR now confirming trend start to downside. Absorption on the latest drop from 9.8 area was much weaker than last time we fell from these levels, indicating that the range will likely not hold this time. BB Bot indicates a target (horiz line) of sub 8k if this...

BitmexDegen Updated 

Bot says go long here. Good confluence with liquidity patterns above (too many shorts got away too easily on the dump) Other noteworthy things is BB deviation, the fact that BB width is contracting (preceding volatility) and orderflow (not shown here is) is indicating that market selling is being absorbed by limit bids at this level. Expectations: will reach...

BitmexDegen Updated 

Once Btc finally has broken 10k, the sup level is 10,050 which is a daily level and the upper resistance is a level derived from the weekly chart. Everything close to the support level is a buy at this point and continuation to the upside is expected once we've ranged a bit after this move up. 10,400 area is the next short term resistance and after that we can...

BitmexDegen Updated 

Btc pumps from 8.7 area and rejects on highs once again. Notice how Better SCMR confirmed the pump together with NoDelay bot (not publicly released since I don't have time to write a long description required by TV). Rejection confirmed by NoDelay bot (+ sign) and targeting 9.2 area for a short (as indicated by the bot levels). Expecting Better SCMR to turn...

BitmexDegen

EOS was pulling the wagon today, leading majors and BTC. Quantbot got a very good long entry on the 1h after a choppy period.

BitmexDegen Updated 

Very bearish HTF PA, Bitcoin is unable to retest higher after the dip into 4h demand order block below. Lots of shorts to liquidate but bulls not able to push up price enough. Not expecting it go much higher from this range. Resting on high timeframe support currently but can see it breaking down soon.

BitmexDegen Updated 

As anticipated LINK started climbing as soon as BTC leveled out. Entry here is on the SCMR reversal candle close (blue) and now confirmed by Quantbot, which caught the last entry well. TP1 is the overhead order block and SL right under the demand block below. This should work out as long as BTC stays rangebound.

BitmexDegen Updated 

The bot predicted the push up correctly, but given the price action over the last months I would rather enter short on the next signal. HTF positon is still short and could add on a LTF reversal to the downside.

BitmexDegen Updated 

Bot signaled entry on 1h previously, close above 8090 on 4h would confirm a stronger trend (note how it caught the last push to 8.8k). Currently at order block resistance, a close as per above would most likely give us a test of 8.3k.

BitmexDegen Updated 

Anemic price action after breakdown from >100 days of top consolidation. No signs of reversal or even a bottom on Better SCMR (compare 3k bottom price action). Price would need to climb above distribution order block (rectangle overhead) to continue uptrend. Very unlikely to happen anytime soon. More downside to come.

BitmexDegen Updated 

Close to perfect entry from base of retracement for LINK, confirmed by obv breakout. Keeping this open until it hits resistance or Quantbot signal short on 1h.