Xetsu

Xetsu

I've been bullish on bitcoin ever since i noticed we were nearing an apex breakout on a triangle (My previous chart showcases this). After breaking out of said triangle the reaction has been...not as great as I expected. Regardless the overall Bullish picture continue to builds as Bears continue to have trouble bringing bitcoin below 220, and this most recent dump...

Xetsu

one of the traders I respect the most, Jesse Stinne, talks about how stocks/commodities/assets trend to follow a magic line over a long period of time as they develop their own unique price behavior. The basics go as follows. 1. A magic line can be identified as a moving average where the asset has consistent trouble going over or under during a trending move....

Xetsu

Bitcoin has been pretty exciting this year with massive drops and a lot of trading opportunities surrounding coinbase exchange, GBTC, And a lot of other good technical patterns. A lot of theese patterns have been on the 2h and 4h charts, but once in a while it is good to look at the bigger picture. The yellow lines show resistance and support levels. I only...

Xetsu

As noted a while back, I think bitcoin is entering a weeekly mean reversion. Bitcoin has gotten super vastly oversold, and this new sustained bull move so far has slowly been creeping up. After the last move, we consolidated, formed a penant pattern and broke out, showing consolidation. We are still only 40 Yuan or so from previous relative high of 1797~...

Xetsu

BTC has had a strong showing the last 4 days coming out of a multi week break out with MACD turning green on the weekly. BTC has been in a persistent weekly downtrend since breaking down in late july early august. At around 6-7 motnhs of downturn and super capitualatory behavior (320 to 160 in two weeks) bitcoin is due for a massive mean reversion . I am...

Xetsu

EDIT: Just read this great article on the current bond market. Talks about how complacent its been and how interest raise will cause pain if complacency continues www.bloomberg.com TLT , an etf that tracks the 20 year trsry bounds, are going parabolic. At the same time, TNX, the yield on ten year bonds is falling drastically. In this chart I show how I use...

Xetsu

Last week FB CEO came out and talked about FB's earnings and revenue, which both came in solid, although slowling substantially. FB is Overpriced by most standards, trading at aorund 70 P/E and 30 forward P/e . TEchnically FAcebook as been following this rising lower trendinline, but has failed ot make a new high. The volume ahs also been on a declining pattern...

Xetsu

After the massive speculative rally on a new exchange opening (buts its coinbase! omg its backedby NYSE!) bitcoin collapsed backdown to 220 area where it has been marinating preparing for the next move. I recently noticed we had a small breakout above a declining trend line on 1h, that was then followed by a restest of the trendline and a higher low. This sort of...

Xetsu

Bitcoin has been rather boring the past few weeks after having a tremendous move in early November. I'm not quiet sure why the move happened, but regardless volatility and volume surged to unprecedented levels. Since then there has been a lot of chop with some occasional good trading here and there, notably during the rebound on November 23rd. The 2300 area has...