Rule72

Rule72 Updated 

Recap: Price reached Green 1 after a good amount of consolidation at Decision 1 and 2 of the previous analysis (“Pile of Red”). Money Man’s aim here is to simply highlight what has been happening with price and where the Bulls had to fight the Bears. This analysis does not aim to replace the original but would be interesting to watch as it plays out, just like the...

Rule72 Updated 

Recap: Price managed to move out of previous analysis’ Decision 1 after pinging Decision 2. It has not reached that Green 1, but Money Man thought it prudent to write this analysis to show the current minor levels of support built within the original “Put it in a Frame” analysis. Especially if the doubt is creeping in. There is now a level price is in before the...

Rule72 Updated 

Recap: Price is still within Decision 1 and 2. The analysis side of this post is of what is happening in that area and how minor levels are being formed. Money Man hopes that it is self-explanatory, especially to those who follow his normal analyses. But he also wants to elaborate on the previous “2% Max Loss” ed post. It is linked below and built on other ed...

Rule72 Updated 

Recap: ETH also reached Red 1 after some weaving in between the previous Decision 1 and 2. At the time of writing, ETH looks less optimistic than BTC, but she is a young buck – jittery and prone to bigger moves. You might know this too well or not at all. Money Man decided to sing the old liquidity song anyways. Virtually everybody has hears the tune, but few...

Rule72 Updated 

Recap: Price went well above the previous analysis’ Green 3, dropped down to Green 2 and is back at the same level above the previous Green 3. All eyes are on the ascending triangle that resulted. Here volume is also ready to explode as everybody is looking at everybody else to make the first move. It is so obvious that it is concerning. Conclusion: ETH has had...

Rule72 Updated 

Recap on previous analysis: Green 1 has been hit after a drop below Decision 1, without reaching Decision 2. Price is now struggling with the base of that Green 1. Money Man has been looking at ETH through some BTC glasses and ETH has settled into a more stable relation with BTC. This will not last for ever. ETH made some big strides in the lead up to this...

Rule72 Updated 

Recap on previous analysis: Green 1 (the original Green 3 of “Stay in Your Lane”) has been hit after a retest of Decision 2. Price now is struggling with the base of that Green 1. The distance between current Decision 1 and Green 1 is big and bridging this is dangerous, so Money Man advises caution. Least resistance for price would be to veer away from that...

Rule72 Updated 

Recap: Price went up to the previous Green 2 and is floating just below it now. Volume looks delectably tempting as indecision has traders puzzled. Something is to happen, but nobody can say with 100% certainty. The space between Decision 1 and Green 1 is virtually negligible at these prices. Everybody thinks it easier to trade than what it is, until they do it....

Rule72 Updated 

Recap: The previous Green Target 2 was taken but 3 stayed out of reach as Money Man surmises that the ETH to BTC ratio was simply getting too big. He has touched on how he sees a pattern building exercise unfolding now, but the pattern is not clear yet, so he only has the price action from the latest recovery to lay over for confluence. ETH keeps looking more...

Rule72 Updated 

Recap: BTC’s Price reached previous Green Target 3 and even peeped above it and now is doodling below that Green 2. Money Man is concerned about the amount of space between Decision 2 and Red 1 here on this chart. It looks so tempting, but the chart was drawn as per the system as always, so there it is. He sees the most probable current scenario as a pattern...

Rule72 Updated 

Recap: ETH reached Red 1 and is back around the old Decision 1, even peeped above it, but Money Man is going to give it a little more space. Conclusion: Everywhere price is pushing against near term resistance via Decision 1. Sentiment has picked up some, but not much so Money Man recons there is some move to be had. Volume says we are watching BTC. Remember: No...

Rule72 Updated 

Recap: BTC did not follow through to previous Red 1 and had a bounce thanks to some well-timed social media. ETH stalling on its Red 1 is where things started to happen and so Money Man had a chance to learn another lesson well. Now we are back at the old Decision 1 and still it is keeping its significance. Conclusion: Price is at the upper limits of the...

Rule72 Updated 

Recap: The previous analysis’ Decision 1 (a Green Target 1 from way back) was missed by $10, followed with a fall to Decision 2 causing an anticipated reaching of Red 1. Money Man thinks this is a good time to ask the question; should a trade be left for the sake of a target once price starts stalling just below it? Should you concentrate your risk of a revisit of...

Rule72 Updated 

Recap: The failure on the previous analysis against the trendline has brought price solidly into Red Target 1. Decision 1, playing a couple of recent analyses, has proven itself stubborn and that caused its placement to stay in the same neighbourhood. Price have noted some minor resistances between here and there and if the weekend plays out as it should, price...

Rule72 Updated 

Recap: Price is still working above previous Decision 1 of the previous analysis but has not been to the next level. ETH has been much more positive than BTC lately and made some ground against it. As we are above previous Decision 1 Money Man decided to be proactive and turn previous Green 1 into a Decision 1 – happy to follow price up, but cautious with the new...

Rule72 Updated 

Recap: BTC had a move above and below Decision 1 and 2 of the previous analysis, with no follow through to the next levels and is now doodling between the two. Price painted outside the lines making things dangerous. Frustrating as it is, this makes Money Man think. We are now in an area where the market/traders find it difficult to make decisions. So, he is...

Rule72 Updated 

Updated trend and Decision Levels. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.

Rule72 Updated 

Decision Level update. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.