TradesafariSocial

TradesafariSocial

Looking at the Bitfinex Long:Short ratio, and the Mayer Multiple, id looks like an over extended and overleveraged to the Long Side. However price action to me is bullish. Should i only have candles i'd be buying. Well i just find important to remember of those two indicators from time to time.

TradesafariSocial

Long position on Bitcoin, buying the dip. The landscape long therm is good and any small move represent decent profit or big loss. I'm scaling in.

TradesafariSocial Updated 

The best you can do is long, buy on spot, margin, cost average. Anything works, just don't sit back and watch the ship leave you behind.

TradesafariSocial

This is a quick example of how well the retracements have been playing out in Bitcoin. The algos are quite predictable, so predictable that no one believes it.

TradesafariSocial

It is just a simple observation of previous consolidation in Bitcoin and what can happen in very near future. Bitcoin is moving faster then we can comprehend.

TradesafariSocial

This one here is for my future reference. I'm looking at the pivot points in the OBV (i know, who does TA on indicators? Who cares...) and the goal is to match the pivots on OBV and their correlation with the price level on the price. Perhaps something that happened in the past bubble can explain the current behaviour. Neutral position sucks... But just by...

TradesafariSocial

This chart here shows the most impressive rising wedge around. I think we have come a fair way up from the misery of low 3ks. Can we go higher ? Yes absolutely. However it is not the type of PA i like to buy into. We can break upwards but i'm suspicious it would go up forever like this. Dumb money is what we need here. I sure smart money already bought in. I have...

TradesafariSocial

Simple chart that i'm posting here for future reference. This thing is breaking all the levels most thought we'd not gonna see so soon. It's good to see the recovering happening. I just want to come back here and push the play button to see where we will be !

TradesafariSocial

This is a closer look into the ideia linked below. I feel a pivot high is coming soon.

TradesafariSocial

I'm curious to see if we are going to blast trough 6k and consolidate above or do we get a second chance to buy below 5k ? Really don't know but this is what i'm studying and preparing for. I have the impression we'll trade quickly on the high 6k area and trap the bulls there. This run would also rekt the bears shorting now. Too many shorts still in play.

TradesafariSocial

We got rid of yet another down trend. However is this market there is always another down trend on the way. One by one we're taking them down.

TradesafariSocial

This is pretty simple to see that the previous all time high might interact with current possible bottoms in a angle. It appears to me that the angles make a lot of sense in this projection.

TradesafariSocial

This chart shows how we can use fibs on a descending angle and it shows the top and retracements. As soon as we have a top this can be applied to indicate both shorts and longs. You choose !