RichardKing

30.11.2021

$BTC - As predicted after 2 weeks of red weekly candles we are getting a green one. Generally it's made for a pretty good entry too.

NiFTonWaves

Dude. We are like 28 hours into this weekly candle.

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RichardKing

@NiFTonWaves , So, letting people know it's a good time to get in

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RichardKing

27.11.2021

$BTC - Buying some more spot here. You have to learn to scale in and scale out instead of going all in at one position. I have cash waiting if we drop more, and I'll make money if we go up. This is how you trade Bitcoin

HODLTON

So without being dramatic how much lower can it be

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RichardKing

@HODLTON , $40,000 is where I think the lowest it could go is.

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RichardKing

26.11.2021

$BTC - Recent spot buys in profit, price action looks good. Would love to see it go back above $60k in a week or so.

RichardKing

26.11.2021

Bitcoin bottomed out in March 2020 right at the peak strength of the US dollar.

When the US dollar bottomed out we saw a large 49% Bitcoin correction after.

The US dollar currently looks strong

NiFTonWaves

Ya I’m sure JP Morgan / Buffett are holding cash bc they know hyperinflation is coming and want to have lots of spare cash to burn for winter lmao. 90% of CT hasn’t lived through a true bubble and it shows. We’re currently at ding ding ding bee paradigm.

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NiFTonWaves

@NiFTonWaves , New paradigm**

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RichardKing

24.11.2021

In the last year Bitcoin has only ever had 2 consecutive weeks of red candles. So although we could still go lower the next 5 days I'm predicting next week to be bullish.

NiFTonWaves

not really a logical way of looking at the market imo

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DonaldMcBlockface

@NiFTonWaves , Why not? Trading is based on probabilities and the probability of having 3 consecutive red weeks is significantly lower than having a green week.

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NiFTonWaves

@DonaldMcBlockface , how do you know based on a few weeks of a full year? thats not a valid backtest. in fact this is total random. this is like betting red after black was hit many times in a row on roulette

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DonaldMcBlockface

@NiFTonWaves , That’s actually not a valid comparison. The odds of roulette are always 50/50 (minus green). While a red/green week is 50/50 on its own, it is not when account for previous data. Also, It’s actually not a few weeks, the data from the chart goes back over a year.

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NiFTonWaves

@DonaldMcBlockface , also the amount of red candles and green candles could also be 50/50 you can't know untill the year infinity

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DonaldMcBlockface

@NiFTonWaves , That’s a good point when accounting for time. But if you are simply looking at the data from the chart provided, there is a significant statical probability of having a green week next week if this one goes red.

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NiFTonWaves

@DonaldMcBlockface , but thats a biased way to look at it imo

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DonaldMcBlockface

@NiFTonWaves , It’s literally not biased. It’s only data lol

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NiFTonWaves

@DonaldMcBlockface , no your cutting variables to fit ur bias

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RichardKing

24.11.2021

$ETH - OBV still not showing signs of a bottom. Usually you want to see these V shaped reversals. Although I hope we can find support here and re-test the trend I have to prepare for one more big sell off THEN the V shape recovery.

MinerASIC

hoping isn't ment for trading. just trade price action emotionless

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RichardKing

@MinerASIC , Of course, that's what I'm doing. I'm expecting more downside

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SonnyNakafomo

Seems like $3700 area would be a good buying opportunity, coming off the trend line as well.

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HerculesOraculus

@SonnyNakafomo , 3700 is right in the middle of the volume void (since mid sept). i have buys scaled in between 3800 and 3600.

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RichardKing

22.11.2021

$BTC - Spots buys now looking really good.

RichardKing

21.11.2021

$BTC - Pretty surprising to see how quickly sells were eaten up in this range. We didn't even close a candle in that range, just wicked down there. A lot more support in this range than people are giving credit. Even last time it closed bearish in that range, not this time.

BabyYoda

Not enough pain.. a dip to 53k before we pump. Thats my take anyqay...got my hand on the trigger.. i mean buy button

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RichardKing

@BabyYoda , Can go up then go back down. Nothing goes in a straight line

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SonnyNakafomo

Safe to assume that any TA these days will have to be reworked once we have more information about Mt Gox distribution timing?

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RichardKing

@SonnyNakafomo , All that information is in the charts. If news comes out that it's bad then price will react accordingly. If it it's not a big deal then price will go up.

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RichardKing

19.11.2021

$ETH - Starting to see that relief bounce playing out.

RichardKing

19.11.2021

$ETH - Still holding bullish on the SuperTrend. Still playing it cautious but think a relief bounce happens regardless. Will see how strong that is though but at least it's holding where it needed to.

RichardKing

18.11.2021

$BTC - Nice bounce on the SuperTrend support. Historically this is usually a good place to buy. If we lose it I will cut those buys and look to load up lower.

HerculesOraculus

When you're using OBV, and that breaks trend (ie on the daily), do you look for confirmation on SuperTrend (before taking action)? Curious how quick you are to follow the leading indicators.

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RichardKing

@HerculesOraculus , I starting scaling in or scaling out on a OBV break. Then I look to use supertrend for final confirmation

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HerculesOraculus

@RichardKing , Thank you! Appreciate it.

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RichardKing

15.11.2021

$BTC - Looking at just the OBV, would you consider this chart to be bullish or bearish.

RichardKing

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