I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. to learn more about how I use the indicators below and to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
For a variety of reasons I no longer believe that $2,718 will be the bottom of the 2018 bitcoin’ bear market. I am now very confident that we will before finding a bottom. That is due to Tyler Jenks’ hyperwave theory and the Point of Control on the Visible Range with > 2 year look back | before the end of 2018, however I do not believe that will be the bottom. Strongly expect ETH to return to single digits before the end of 2019.
“Two days in a row where I am as neutral as can be.”
Position: Short ETH:BTC 0.03109 | Short EOS:BTC from 0.0008057 | Short ADA:BTC from 954 | Short LTC:BTC from 0.00778
Patterns: Parabola
Horizontal support and resistance: S: $3,313 | R: $3,464
BTCUSDSHORTS: Pulled backed hard, will it turn prior into support?
Funding Rates: Longs receive 0.0057%
Short term trend (4 day MA):
Medium term trend (9 day MA):
Long term trend ( 33 day MA):
Overall trend:
Volume: Fell off the table
analysis: Back to back reversal candles, but this one was not backed up by the .
Cloud: 1h is starting to act as clean resistance right in line with the parabola
TD’ Sequential: Red 8
Visible Range: Didn’t quite fill the gap
Price action: 24h: -1.58%
Bands: Starting to squeeze and price finally tested the bottom
Trendline: Parabola
Daily Trend (Using 1h 50 MA to identify daily trend): Getting a golding cross with the 9 but still trending down. Showing signs of a reversal but too early to tell.
Parabolic SAR: $4,273
RSI: In a bull but it is also pulling back from
Stochastic: Just gave a buy signal in a
Last Day Rule: Setup day is $3,223 for bulls and $4,373 for bears
ADX’: Pulling back from all time highs
Summary: I am very interested to see if the parabola holds up or if we get a strong break. I adjusted it slightly from yesterday use the tops of all the wicks and now it looks a little better. Today I am inclined to say that the technicals favor the bulls with the reversal candle (especially yesterday’s that was on high ).
That daily buy signal on the daily that is also in a / big W is enough for me to take by itself, in most cases. The bull on the backs it up as well. Furthermore the TD’ Sequential is on a daily red 8 and the is pulling back from all time highs.
However Conensio is fully and I am in a no long zone until the price closes above the 4 MA. Furthermore I believe it is too early to open a long until the top of the parabola breaks, with a 4h close above.
I am still neutral / in a no trade zone however I am starting to lean slightly more .
Published at Sun, 09 Dec 2018 01:19:25 +0000
