jcrule

jcrule

Just my casual thoughts on what bitcoin will do going into November. It is my opinion that Oct. 29 expiry which had max pain around 55k caused some of these impulses to the downside. With OI weighted funding back to normal I will be laddering back into positions and holding until end of November when we are sitting near 98k gearing up for a 135k December.

jcrule

My initial thought here is that we need to push through previous reversal bricks to eliminate retesting Aug lows before the parabolic run. I have mostly stayed out of leveraged positions during this chop and I am patiently waiting for more conviction. I will continue to long dark blue reversals and short the dark reds with divergence confirmation. If there is...

jcrule

Left: 2013 Cycle Right: Current Cycle The one thing I would like to point out is before the 2013 Q4 parabolic run occurred there was a drop down near August lows. However, given majority of the leverage was wiped out during the drop from $52,000 to $40,000 and strong conviction with long term holders, there may not be enough selling pressure to revisit those...

jcrule

Would like to share the similarities we are seeing from the late Nov. 2020 dip. Following the dip which had similar liquidation and funding pattens it sprung us into a nice wave to the upside. What I find interesting is how well it corresponds with my significant levels of S/R. Now that funding has reset it would make sense for this structure to play out.

jcrule Updated 

Quick short. If it breaks upper trend & HH(>8786), its invalidated.