GerryB

GerryB

A novice opinion looking at the patterns. Seem if a smal correction down somewhere within this Rising wedge is appropriate

GerryB

Good day Does anyone have experience with the OTT indicator? Any comments are welcome 🙏

GerryB

Good day. Looking at the bullish momentum it would be hard to bet against the trend right now. Being above the 200 sma, LuxAlgo printing 'B' and the Hash Ribbons printing 'B'. However good healthy pullbacks are expected if the 200 sma can manage to hold as support. NFA

GerryB

ADA has been in a long downwards consolation period and has seem significant draw dows. ADA. Imo. Ks greatly under valued. Below $1.00. The money flow is moving down putting further sell pressure om the short term market. However. The tren is exhausted with normally indicates a reversal, althought lqgging and waiting for tne money flow to catch up. ADA' s...

GerryB

I beleive today's green candle is a dead cat bounce amd expect the market to correct lower in the near term which is healthy. The Trend is quite exhausted and the Money flow above avarage moving down. Futher evidence on chain suggest that money is flowing into BTC from other coins. There is more evidence that suggest that moneyflow into is less likely to sell the...

GerryB

Good day to all, Here is my take based on what I see on the 1 D using Heiken ASHI. Switch to normal candles if you wish. 1. There is a drop in excitement on the emotional index 2. The notable rise in Shorts has flattened out and Longs are gradually increasing 3. Price vs Market Cap (Overall Market) strength indicates money flowing currently out of BTC 4. The...

GerryB Updated 

Just a hunch. There is clear divergence between the Money Flow and price with Money flow increasing strongly and price projects downwards. The daily trend is also moving down from an exhausted level. Looking at the excitement in the market and the market cap strength vs price increasing it seems that BTC is setting up for a short move soon (creating a short term...

GerryB

ADA is looking very bullish on the daily. 1. Pressure in top yellow indicator has printed, although weak at the moment. (not a direction indicator) Need to confirm possible direction using other indicators. 2. Trend Exhaustion is increasing with more room to the upside 3. Money Flow is increasing sharply which is in sync with the exhaustion 3. RSI, Stoch and...

GerryB

Good day to all. I observe the following on the daily. 1. Emotional Index is Excited 2. Shorts are declining and so are longs 3. Trades in favor is high neutral favoring shorts 4. Institutional Smart Money is still buying and will most certainly short the move up. 5. An exit point or short indicator printed 6. Death Cross still in place. 7. There is not...

GerryB Updated 

Good day to all. I observe the following in the market on the daily. 1. Emotional index is high neutral trending towards exited. 2. Shorts have decreased slightly with longs winking up flat. 3. The current trend in favor is in the upper long to neutral zone. 4. There are signs that institutional smart money is shorting the move up. 5. Descending channel had a...

GerryB

Indicators are too high for comfort. If both are in the tp range it signals a drop in price. 1H Not financial advise.

GerryB

With the indicators this low and the Heiken Ashi still completing in a day or so I can only come to one conclusion on the larger timeframes and that is an possible trend reversal and a significant move long (the usual chop in between).

GerryB

Trend is exhausted and Money flow too high. NFA. When both the Trend and the Money flow is high it usually indicates a move down. Not financial advise

GerryB

Sometimes, Tweedle Dee and sometimes Tweedle Dumb.

GerryB

The Trend Exhaustion and Money Flow are high on the 4h. Check your stop loss. Not financial advise

GerryB

As the market remains anxious I am observing the following on the daily 1. Longs are decreasing and shorts increasing (Overall we are in a good long trade position, hodl) 2. The possibility of whales and institutions buying the dip is still present although decreasing in volume. 3. $37378.48 offers resistance currently (Heiken Ashi) 4. Money flow in green is...

GerryB

In short. The trendline from the start of BTC on the monthly has only been broken once in March 2020. Correct me if I am wrong. This is a strong resistance in itself and also a major psychological barrier. Longs are outweighing short for the moment as the 'smart money' prepare to long the market as the market remains fearful. The Price vs Money flow needs to...

GerryB

In this fearful market, the selloff is mostly driven by short term holders selling or new buyers who bought the FOMO selling off. Some might remain as Hodlers. We do not see large amount from long term holders flowing into exchanges although there is some spending however the trend remains rather flat. Overall Short positions has gone up significantly (as...