FireflyTA

FireflyTA

Howdy fellow traders! It is the time to be really excited. This is the full story of Bitcoin's battle of the century, a carefully developed piece of TA that has grown over the years. My most recent update was published right before the dump from 10k to 3.6k (). This dump is further proof of the strength that lies behind this analysis. Pre-bull phases over the...

FireflyTA Updated 

Previous post describing the situation (important read): Update on the situation So, BTC got rejected at the most crucial bollinger band in BTC history. Not a surprise at this point, but momentum on this swing from the 6ks was decent enough to make BTC put up a spectacular fight, which is by no means over yet. The brilliant buyback from 9.5k shows...

FireflyTA Updated 

There are plenty ways to make a distinction between bull and bear markets. Hereby, I throw my hat into the ring, showing you a completely different definition of bull and bear markets for BTC by using only one criterion. Let me say this first Over the course of the past three years, I've honed my understanding of bollinger bands and in particular,...

FireflyTA Updated 

Hi guys, Have a look at this chart. The lines are Fibonacci Bollinger Bands (free indicator in Tradingview). I'm using a customised version that is more suitable for long-term projections, and this is something that I have just discovered. I don't want to explain the obvious, you can see everything on the chart. According to this theory, if BTC movements play...

FireflyTA

Hi guys, Simple chart today. This shows a bunch of levels that are highly relevant in the mid-term. Most of you should already have this info, probably because of other indicators pointing to these levels (fibs, swing highs/lows and so on...), so keep this in mind as a reinforcement to your theory if you have a similar one. From what you can see the FBB lines...

FireflyTA

Hi guys, To summarize the past two days and my previous posts: - BTC broke above the 50D-SMA , bouncing from the yearly trendline from Jan 2015. - It settled above a strong support zone ( ~3925-4000 ) and came in contact with the heaviest resistance it had for a long while ( ~4130-4270 ), consisting of several fib levels, the 200W-EMA and a longterm...

FireflyTA Updated 

Hi guys, This is a follow-up to my previous posts that explained the micro perspective of the current sequence. Both scenarios described there played out nicely. My new chart has a more mid-termish view on current price action and support and resistance zones. I've only included the mid-term relevant fib levels and trendlines to point out where significant...

FireflyTA Updated 

Hi guys, the teal line shows the 50D SMA and the yellow lines are Fibonacci Bollinger Bands (the .618 to be precise). You get them by using the 1.854 standard deviation of the 200D VWMA (or SMA, that's why there are 2 different lines; both hold significant value). BTC managed to gain the upper FBB as support after it had been failing to break through for weeks....

FireflyTA Updated 

Hey guys, This is the follow-up post to my previous one, in which I explained the whole squeeze and breakout scenario. The zone we are now approaching can be seen as extreme resistance. Resistance factors are (descending in significance): 1. 200W-EMA 2. 0.5 - 0.618 Fib resistance zone (Trend-based Fib Extension from the Christmas Eve high) 3. 50D-EMA (orange...

FireflyTA Updated 

Hey guys, BTC is currently sitting directly on the yearly trendline that started with the capitulation candle in January 2015. Imo this represents significant support that should be taken into consideration when you think of entering shorts right now. This is the same trendline from different angles. Yearly view of the 2015 trendline: Monthly view of the...

FireflyTA

Hi folks, For those who don't know the lines in my chart: These are the Fibonacci Bollinger Bands used in the 1439 minute chart, my favorite chart-indicator combination. The FBB are calculated by taking the third SD of the VWMA-200 (Volume Weighted Moving Average) and multiplying it by known Fibonacci levels (23,6%, 38,2%, 50%, 61,8% and 76,4%). This indicator...

FireflyTA

Hello folks, This is my first published post here and I appreciate any kind of feedback. I've been trading for half a year only, but am constantly learning since 2017. I have a pretty good understanding of indicators but certainly lack experience still. Some info before I start with my analysis: - I often use the BitMex charts because they are interesting and...