Let's compare lucky numbers. Is 17k anything of significance? (Muhah?) How about the green flowerbox? All fake?! What's missing?
If you believe in the power of gradient lines drawn on semi-log scale graphs (which are in fact curves) then today is probably the best day to risk shorting BITFINEX:BTCUSD in the 6000-6500 zone in a hope to cover in the 4500-5000 zone (or even try to ride it into oblivion from here with a wide trailing stop left unattended for months). Personally though, I...
Take this with a huge can of popcorn (which I rarely eat, so I will probably not trade this, I am just feeding my lonely page with some random charts...).
I had this stockpiled for the occasion (but I was very reluctant to believe). Probable tops seems to be: 900 USD (index/spot) and 950 (quarterly contracts), excluding possible over-shots (especially on futures where the premium limit will be roughly 80-90 USD above the index by then).
It's not such a great idea but it looks stylish enough for me to post it.
If you look at my old ETC idea linked below you see I marked this red zone on my chart during the very first week of ETC trading because I considered it the effective starting point of the rally (and thus the ETC market as a whole because it was born to fly). I made the mistake of buying weekly contracts (with only 3 days remaining) between the (lower) red and...
This is not really a prediction (those rarely work out as illustrated anyways, hence the number of arrows here :D) but more of an actual 'idea'. This is how I started to look at ETC a couple of days ago (when I initially painted that red zone) : a straight line + random noise for roughly 1+/-0.5 day, then a clear-cut jump to the next level, and repeat... Of...
Keep in mind though, "one last -anything-" can be just as powerful as "this time it's different". :)
Well. Good news everyone! It stopped. So, run for your seats! Don't let blind chance choosing your place for you. Pick the bag you wish to end up holding! Good luck. :) I just closed my last short now . It was hard to get filled, so I could feel the smell of death. (Position size should probably be scaled down. This is only for fun now!) I will probably try to...
It's so flappy. :) (I want to short there and I am uncomfortable with playing the long side in downtrends. But somebody should take us there. :D)
The commonly used indicators have been peaking and the breakdown now seems to be confirmed (price is back in the old triangle and it also pierced an important-looking level around 428 which now seems to serve as an upper limit). So, it looks like a good idea to get short (if not already), cover around 400 (triangle) and load up around 372 (an important-looking...
I probably got a little way too silly with this billy but do never mind me... :)
This so called support which, from my current point of view, is more like a resistance against the >1 year long trend managed to cause some delays (which is almost expected to happen from time to time) but I think ~210 is still coming on the slightly more bumpy service road. Although, volume keeps dropping with a similar speed (note the combined...
Well, between "stop-hunts" (my "NYEEE!!! moment" label) and possible "life support crawling bounce lines" (yellow), I think this admirably well defined pattern (cyan) wants to be alive by reproducing it's next sub-frame copy, although it's territory (red) is shrinking by the definition of it's own fractal nature, and... nothing lives forever. I think I will try...
This wasn't really my idea. I picked it up from LowStrife in the chat and tried to visualize it better. -> This is my very first chart here and it seems I didn't manage to do it properly. Please zoom out manually to see the pump/dump cycle time measurements. Sorry about that.