YeOldeMiner

YeOldeMiner

Please note, my monitor resolution messes up the scaling for display in TV. I apologise for the overlapping of text boxes. Cleaner image should be attached. I've previously spoken about accumulation and so far the targets have been hit (please see my other ideas for this example). I've tidied up the chart now we have some key levels redefined by the trading...

YeOldeMiner

Wyckoff Accumulation: SC: Selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR: Automatic rally, which occurs because intense selling pressure has greatly diminished. A...

YeOldeMiner

I've been trading off this 4hr BCH chart for a while now with great success. Key distribution touch points are in place with a weak bounce confirmation of the SOW break being where I added to my short significantly. I took a measured risk with a small entry through the opening LPSY level, added at first test and again on the clear break of...

YeOldeMiner Updated 

My last post spoke about the distribution channel we were in. I have been keeping an eye on the channel end with the flurry of volume and volatility that took us down to 7.2. Since then we've begun to stabilise and BTC is showing far less intent to make movements back to the O/S line. The channel was broken this morning with a clear candle taking us back to 7.5....

YeOldeMiner

First chart release. Annotations on the chart that provide some of my later thinking. This is a distribution pattern I've been trading for the past two weeks very successfully. We're now in a supply channel which I'll be keeping an eye closely on for a breakdown. I would expect to see an increase in volatility and a reclaiming of the top channel line when this...