DatCryptoBoi

DatCryptoBoi Updated 

While Bitcoin's price action is undecided, Ether is painting a bull pennant. This suggests to me the crypto market will be going up in near future and ETH may outperform

DatCryptoBoi Updated 

BTCUSD is setting up for another attempt at the log downtrend line. So far this trendline has rejected price 4x and there have been many a bull rekt trying to catch this breakout, so I say the following with a huge hint of caution. Right now BTC is setting up an inverse head & shoulders pattern with consolidation right below the log downtrend line. If BTC...

DatCryptoBoi

Mah EOS rocket goes soisoisoisoisoisoisoi ... www.youtube.com EOS/BTC recently I traded from 0.001 to 0.00108, felt proud, now watching for a re-entry. This is the sort of scenario I am looking for to go long again.

DatCryptoBoi Updated 

Kind of a tongue in cheek joke-post rather than actual prediction. People love to show fractals showing BTC/USD down to 4k, 3k etc so I made one too. This one is a fractal from last year super-imposed on current price action. $40k by summer! :D Disclosure: Current position is long BTC, long ETH, long LTC from start April consolidation. I don't expect this...

DatCryptoBoi Updated 

The 3-week sideways has finally ended! I nearly sod'led the bottom several times, got rinsed out and chopped but decided to get long with whole account, no leverage in the 7k range - 50% BTC @ 7k - 20% LTC @ 117 - 30% ETH @ 400 Now we see the infamous bart pattern on the 4-hour but this time inverted! Expect some consolidation at 7,700, might take several...

DatCryptoBoi Updated 

Counter trend trading is very risky! But nevertheless I like a challenge. Long LTC at 117USD, profit target 150 range. Stops close in case we crash and burn ...

DatCryptoBoi Updated 

This is what I'm looking for to go long in the market. We need to see exhaustion of the current downtrend. Strong RSI bullish divergence on a higher timescale (like 4-hour, daily), failure to go much lower despite extreme bearish sentiment. It feels like we are close, but close could mean there's another $1,000, $2,000 or $3,000 below us before the real bottom...

DatCryptoBoi Updated 

Trade open with following parameters: Sell short 7,140 Buy stop 7,283 Position size calculated so 1.5% of account risked to stop Profit target is the lows but will evaluate as the trade continues

DatCryptoBoi

Usually ... a triangle is a continuation pattern. When you see a big fat wedge in a chart with closing trendiness you can bet your bottom dollar that the triangle or wedge means a continuation of the trend. A lot of bears are jumping on Bitcoin now, after the crash, we're showing a triangle consolidation under support! That means it's gonna go lower,...

DatCryptoBoi

Since the Weiss rating gave Ether a B and bitcoin only a C+, the Ether chart is looking decidedly more bullish that BTC. www.cnbc.com On the 15 min chart we see a bull flag setup. On 1-hour chart we see 50/200 SMA about to cross up.

DatCryptoBoi

Look at that attached chart. We can see that the current developing chart pattern has occurred three times in the past month. Chart Pattern 1 Labelled on the chart is chart pattern one. We see a sell-off forming an inverse head and shoulders. Hourly 50MA is pointing up signalling uptrend on the hourly scale. The prices break out upwards surprising the...

DatCryptoBoi

Been watching Bitcoin for a while. The market is decidedly bearish on the 15-min, 1-hour, 4-hour timescale but still bullish on the weekly & daily timescales. What will happen now? We have bears calling for $8k but I suspect we might see an upside surprise if the bulls can get control after this trendline breakout here. It really is make or break time for...

DatCryptoBoi

Watch out bears! Bullish divergence on RSI Sellers tiring of selling Inverse H&S on hourly pattern Double bottom / wedge on hourly pattern A surprise breakout to the upside might happen in the next few hours. If it does expect the short squeeze to be violent Contra indications: Buyers are weary of getting pwned Market is still (currently)...

DatCryptoBoi

While the 20% sell-off in BTC this morning was brutal and quick, the relative strength indicator is now at historical lows on the 4-hour chart. The last three times this has happened BTC experienced strong subsequent rallies. Past performance does not indicate future returns of course ;)