ChronicMasturTrader

ChronicMasturTrader Updated 

Quick preface. What if every time we catch a higher high smaller than our all time high or a local lower low, we increase the size of the Hotel California Wedge? This means that we don't break the wedge until we set a higher high. Even if we do reach the end of the Hotel California Wedge, we can still trend sideways out of it. My price analysis is short and...

ChronicMasturTrader Updated 

If you look at the areas circled on the MAC-D, we can see an obvious comparison to the pattern unfolding right now. The red line is about where I put the ceiling on CRO in the short term. That green line is our support, the yellow is our trend's heartline and the blue line is what I gauge to be the overall trajectory of CRO. At a time when other alt coins are...

ChronicMasturTrader

This is less of a price action analysis and more of a dialogue on how we should proceed. Right now, btc's price action is rhyming very well with the 14k breakout. Our fundamentals suck, but other markets don't care and the vast majority of BTC indicators are bullish on long term charts. I think yesterday's 400 USD 30 candle on the 30 minute chart speaks volumes...

ChronicMasturTrader Updated 

We're following the yellow line. Purple lines are downward pressure. Yellow line is the bottom of the ascending wedge. Green line is support. We could break out into a gentle rise at 9350, a gentle fall at 9300, or a gentle rise at 9000. I think we'll see a gentle fall at 9350 leading to a bear trap over the coming days. I expect volatility increasing over this month.

ChronicMasturTrader Updated 

I suspect that our escape from the down trend is a fake out, that we're returning to it today and that we're going to bounce off the bottom of the descending wedge for another fake out.

ChronicMasturTrader

There's an ongoing bottom support trend extending back several weeks which may serve as the recurring bottom line in a tightening coil pattern.