Bitcoin: Hodlers won't be rewarded...

27 févr. 2020

A few key factors:

• Price action analysis using Timemode logic shows weekly timeframe is in control, not 2M anymore. Most trend signals in the weekly are bearish signals, distribution takes longer, at the same price level before quick breaks to the downside, that last the SAME time as the mode duration.
  They then rebound for the same amount of time, as per TM rules.
  
  
• Price didn't make a higher high above recent resistance zone , it merely retested the downtrend mode in the weekly (and right on time) to then fall rapidly.
  
  
• Tone Vays turned bullish
  
  
• Dumb money bought the last part of the uptrend using Square cash app (also longs at finex increased dramatically, when before people were selling into the rally from 6425)
  
  
• MTV Crypto Expert
  
  
• Simpsons episode explaining Bitcoin
  
  
• Stock to flow guy in denial
  
  
• Golden cross dumb money buyers got rekt, then they were all going on about how it's normal to dump after the signal, that it was alright since it used to pamp after such ocurrences (as if the past always repeats the same...they forgot one thing, they now swim with sharks from CME ).
  
  
• Range expansion down from the mode, after an 11 week climb to retest the level.
  

Now...no need to panic, simply shift your energy towards thinking how to produce returns in this market full of opportunities. On one hand, volatility is big, so tradeable swings are quite juicy. On the other hand, there's a ton of inefficiencies in futures and options that can be easily arbitraged for insane profits with very low risk (for now).

Cheers,

Ivan Labrie.

2 mars 2020

Trade fermée manuellement

When prices rebounded after the weekend, liquidity started to flow back in all asset classes, and it seems #Bitcoin isn't the exception.
The biweekly chart has a strong level here which seems to be holding, and given the evidence of price action I covered my hedges earlier today.

If price holds over 8802, and never breaks 8363, then sellers are not strong enough to kill the longer term uptrend signal that confirmed during January-February.
I'm back in spot positions, unhedged, very small loss in #BTC terms.

2 mars 2020

Note

Exhuberance in leveraged longs is dropping even further despite the advance today in #BTCUSD, constructive action, sufficient to reconsider the hedging and bearish positioning: More details on chart.

13 mars 2020

Trade fermée: cible de profit atteinte

Weekly target was 4605, it was hit. Market could have bottomed:

30 mai 2020

Note

Tone Vays turned bullish...he is bearish now.

So far it looks like price remains sideways until July, zzz.