befunkt

befunkt Updated 

This is a swing trader's dream come true! I thought this was a natural rebound off the bottom of the downtrend, however on a closer look, BTC appears to be going through shock waves. While I haven't been trading crypto all that long, I would be hard pressed to believe that this pattern is in any way 'natural'. The top chart starts just before Feb 6th, and the...

befunkt Updated 

I thought we were cool, Bitcoin. Now I don't know anymore. This is not advice. I do not give advice. You do not want my advice anyway. Cheers! -B

befunkt

The fractal pattern in the red triangles is easy to see. The green triangle is potentially a copy of the small red triangle, but rotated 180 deg around the green circle labeled "Rotation Axis". Imagine the green circle as a spindle on a turntable, and then rotate the red triangles around it. The yellow dotted line and triangle are a completely separate idea...

befunkt Updated 

Look for a breakout above the descending resistance line to indicate a likely trend upward to the target line. ~81% of successful Descending Broadening Wedge breakouts will hit the target. Likelihood of the upward breakout? We'll see! Fighting a tough EMA50. This is not advice. I do not give advice. You do not want my advice. Cheers! -B

befunkt

Is it reasonable to chase a bull flag where both sides of the trade are equally volatile (and one side is largely dependent and representative of the other?) Or do these standard TA indicators lose some of their value in trades such as ETH/BTC? HEPL the n00b! This is not advice. I don't give advice. You do not want my advice anyway.

befunkt

My first proper TA prediction! Clear triangle formation in a downtrend. Look for steep downside breakout. Oh, and I do not give advice. You do not want my advice. This is not advice. This disclaimer isn't even advice.