decklyndubs

decklyndubs

ADA scalping week continues. ADA appears to be trading in a descending triangle. BTC is trading into a symmetrical triangle so may push ADA up and out of the channel. If ADA breaks out, go long there with the BTC correlation (.7) as it will run up with BTC to test 23k. If BTC breaks to the downside, you can probably trade the short into the bottom of the channel

decklyndubs

Trade the price, don't predict it. I guess we'll either retest ~20k or 23k. Looks pretty bullish so I would expect this to go to the upside, but competitive assets like BTC behave unpredictably.

decklyndubs

Had some more time to analyze the price action on ADA. I think that we'll see a total reset down to .442 based on the structure of the price action. Appears to be a bear pennant. I wouldn't short this personally, but I will eye long entry at .442 with tight stop loss. If you get the fundamentals, you'll know that this is basically the "Google" of l1s. Haskell,...

decklyndubs

We've done well with ADA so far this week - I'm up 27% on my futures account. There is no clear formation to trade at this point that I can see. I'm probably going to wait for a retracement down towards the 0.453 area. I'll sit with the data a bit today and see - I would recommend that we stay on the sidelines for a bit. I've been saying for a while that BTC will...

decklyndubs

I called a long on ada earlier and have ridden it up to here but the channel is a thin and brittle one. This may not hold up so well, and there may be a heavy retracement. A lot of this will likely be BTC correlates but the landscape is nice for ada scalping. Not totally sure what to do at this point - the thin upward channel is not a sustainable pattern and...

decklyndubs

I've traded into a long on ADA expecting a breakout. Will be invalidate with very small loss, or else large upside. Good luck. Will continue to scalp ada this week.

decklyndubs

I can see some recurrent structures in ADA/USDT pair that indicate strong price action to the upside may be incoming. I will scalp long in the channels towards the breakout to make hopefully all of the upside without much risk, and potentially regaining upside on the same movements twice. I want to sleep this week, but for me, this is ADA scalp long week. Fork is...

decklyndubs

I'm trying to aggressively take profit and not loose so I'm eyeing this signal in tron here as a potential retest, before nosedive. I've closed my short position for now taking cash off of the table, when things get clear will re-enter.

decklyndubs

1000 points away from the pre-covid-crash level, the TSX has printed a broadening wedge and broken through it. It's now travelling down quickly in a parallel channel. Outlook not so good. The broadening wedge is a rare and highly predictable indicator of a reversal of trend. Time to cash out and sit on the sidelines. This is more of an exit point than an entry point...

decklyndubs

I got a great entry after posting about this yesterday. The short looks confirmed so I'll share again with confidence. Entry of 0.065-0.066 SL 0.068 or 0.071 is complete invalidation. TP I'm aiming for 0.06. Good risk reward, well confirmed. Someone on tv actually accused me of lying about my entry! But you can see I posted about this yesterday.

decklyndubs

Tron has been propped up on the reserves and has gained confidence as USDD gets closer to pegging. Public arbitrage isn't available which should prevent TRX from completely tanking. But it's looking a bit over-bought after a strong recovery. I'd wait for a weakening trend and try a short. OIL is going up so if the macro landscape deteriorates a bit more, TRX may...

decklyndubs

I drew this up yesterday and seems to hold? I wonder if BTC won't chop up and down a bit in an ascending channel to drag out money from people shorting. OIL is going up so I suspect that'll risk off, but I think BTC will mostly be working to shake out shorts.

decklyndubs

Lina looks great for scalps (short), forming the start of a descending channel. I would only go short on it at the top of the channel when it forms back up. Can either scalp the channel, or hold the short down into the channel managing SL. It looks like it probably wants another .007 retest.

decklyndubs

Turbulence is very high right now so don't trade on spot. I got a short in at 21453. It's 21200 right now - still a very good entry. SL 23000ish. Can probably ride this right down to 12-13k. Manage your stop loss. Don't use high leverage or else manage risk. Horrible times to trade. I'm pretty sure this is a perfect entry. Once again. Turbulence is very...

decklyndubs

Seeing the Garchomp pattern has completed on the last daily candle. Long on KMB because they are the parent company of the brand Depends - Adult Diapers. You're going to need them when you shit your pants in the next depression bullas. Godspeed, you lunatics. :D

decklyndubs

Week looking way more optimistic than I anticipated. We may see that 23k on optimism. risk-on. Oil down is good for inflation outlook which will give the market some confidence. Good luck - it's super volatile and impossible weather to trade.

decklyndubs

Markets seem to be optimistic this week and will probably get a little relief on the SPX and NDX. Risk on this week. Prob eyeing 23k btc before a selloff now. I closed my shorts - will sit on the sideline in the morning light of the NYSE week opening. Once a clear pattern is established and emotion fades a bit, I'll probably scalp channel trades only. No holding...

decklyndubs

SPX comes online soon and I suspect it'll be a very red day. BTC printing an ascending wedge towards NYSE coming online. I suspect this will break down but play the price action.