pwoody19

pwoody19

This is not hardcore analysis but I enjoyed a similar pump not too long ago. I think in part the derivatives market help slow these down and corrects but need more data on that. This is pattern based and DYOR. Ill know if right soon which is always good.

pwoody19

Based primarily on 6 week trading channel that has been very obvious few weeks, fractals/patterns give no reason to think this bull trend is over. Feel good in a long to 11000. If we fail first target zone at 11K over next 4-5 day type thing then re-evaluate. Sideways does not mean it is done but if we do dip below 9400 would be concerning and have to regroup....

pwoody19

Ive marked a 6 weekish trading channel to try and step back and understand whats happening. Pretty decent channel has emerged. Manipulations all along the way so the high leverage stuff is still very risky but patience improves things. The bull trend is nearing this channel top and if it holds true should see one more leg up to 9600 ish and then dump to 8600 ish....

pwoody19

RSI, MACD and Fisher are pointing to a correction. I marked an estimated trading channel since early Jan and these are decent short/long points. If you missed the long from a few hours ago there is good chance there is ST dip. Im entering short 8800 (binance futures price) with stop at 8900 and waiting for the correction. If it breaks 8900 then bulls in charge...

pwoody19 Updated 

This is more to track what Im thinking ATM for future reference so take it for what it is. Just figured Id post it public - cause why not.. Looking at MA and Volumes appears bears are strong but several things including BBands and Fisher point to a move north. Last analysis had a trading channel that disintegrated as price support stayed at 8640 level. Decent...

pwoody19 Updated 

Fisher is indicating pump soon. It is pretty clear manipulation down but question is if there is support enough to keep trudging north. Ive sketched a fairly wide channel but it appears we are trading at the low. There is chance for more bear action if volumes are on the low side of things but I lean to a nice long at 8600-8650 with fairly tight stop is OK short...

pwoody19

Things trading near top of channel. It smells like a possible small pump then significant dip before nice climb back to 2020 ATH. Im entering 8900 short depending on how things move in next 0-2 hrs type thing. Ill update. A short right now not a terrible play IMO.. All based on chart patterns... TIs supporting this to some extent. small note for future...

pwoody19 Updated 

Some interesting converging patterns on this chart. Make of it what you want but I like the 8080 to 8240 range in next bit which points to going long somewhere near 8080- this is a 1-2hr trade type thing. Volumes low so manipulation likely incoming so be careful high leverage!! Fisher says bump incoming. Id not feel bad being on sidelines right now for short term...

pwoody19 Updated 

OK- whats happening now?? Weve seen significant manipulation the last couple days and its been very interesting. I have 5 scenarios which helps noone but it shows how unpredictable things are right now. There is a case for a pump to 9K and a potential dump to 7500 which indicators are actually pointing to. Im not in a trade right now but I think Ill be waiting for...

pwoody19 Updated 

You can see an interesting fractal in the last 3 days... hard to say this is coincidence. At 0000 UTC pumps last 3 days. The volume profile shows clear pattern on the daily. The amplitude of the daily average volume has also increased in past 3 days but the general pattern has remained. Feels like whales at work here but they have turned bull. Need to be careful...

pwoody19 Updated 

Put a long in at 8069... oops. Im still in trade though. Fisher indicating a small drop or sideways then bump north. Resistance at 7850 but hoping we bump north before I need to worry. Put in new stop at 7950. I dont think this bull session is quite over although there are signs we may have ran out of steam... Im taking profit at top of channel 8250..

pwoody19 Updated 

Based on 3 day- 30 min its bullish. there is significant manipulation within 200pt range on BitMEX last few days. I had predicted a long squeeze from 7200 to 6100 dec 19th ish and this did materialize but had set my take profit target too aggressive and only hit 6450... greed gets you everytime!! there are still the same bearish indicators I was seeing before so...

pwoody19

Opened short at 7250-- taking profit at 6100 but trend is ahead of schedule. Bitmex whales having fun with leveraged long minnows...