Maddrix_club

Maddrix_club

I really thought again that it would trade in this blue globule but I was wrong - again. Either TA is worthless, OR I am bad. I am leaned towards the latter.

Maddrix_club

The price has been for 2-3 weeks below the weekly 200EMA - historically it visited it but did not stay under. At this point anything can happen. Will the weekly RSI save it? Or the OBV? Time will tell.

Maddrix_club

Not sure what to think of this indicator. Right now the only conclusion I would draw is that it is at an area of opportunity. You could DCA in your entries.

Maddrix_club

The price did go to $20K, not sure if OBV will keep going down a little but in my own opinion, it won't go any lower, it may wick down here and there but it is an area of interest. imo

Maddrix_club

RSI has rarely been so oversold. It is a great opportunity to buy, it is also the scariest. Personally I don't buy, I trade and accumulate. Who is still selling here?

Maddrix_club

I really thought it would range tight around $30k but it broke down to $20k. In my own opinion, we will experience some serious ranging at $20k and I can see that with the volume at this level.

Maddrix_club

$BTC OBV I have NOT changed anything to the chart - OBV holding Right now the price is going down very slowly (no panic selling, no mega volume) and the OBV is holding, the RSI is super oversold. This is max pain, it means it is max opportunity. I am not saying to sell your house to buy bitcoin now, I am saying the probability to have good entries for the next...

Maddrix_club

$BTC RSI is beautiful right now, let's see if the same happen? You can see at the last cycle, it broke the RSI downtrend and slowly played around for a few weeks, then back up. To me, because this current drop is so slow, because we are so oversold, and because other major indicators are showing a sign of reversal within the next month or so, we are close to the...

Maddrix_club

$BTC clearly breaking down right now, but it feels slow right? It will be interesting to see the level of the RSI and the OBV. To me we are so close to the bottom, because there is no more heavy selling volume. We will wait the close of the candle to draw conclusions

Maddrix_club

It looks like the volatility lines are flattening - To me there is a very good probability that we will come retest the $35k area sooner or later. If we don't go past this resistance level, thing will get bloody.

Maddrix_club

Nothing new on the weekly BTC moving averages - I just hope that you are grid trading this nice volatility.

Maddrix_club

Looks like the weekly CMF is still on its way back up. Back in March 2020 it broke through the 0 lien and then came back down hardcore - something like this could happen again. Trade carefully - risk management!

Maddrix_club

Until we get big volume, I think we will stay at this trendline. We could imagine a scenario where BTC pumps to retest the upper trendline. If it can NOT pass through, it will be a confirmation of a downturn and a great short entry. This is when things could get nasty.

Maddrix_club

In my own opinion, we can expect a little upward movement. We closed an inverted hammer candle on the weekly, + respecting the trendline on RSI as support. Always be ready for anything to happen.

Maddrix_club

As expected we are getting a good amount of volatility at this level. The best way to trade this is to set up a grid bot. You will risk very little and make gains out of random gains.

Maddrix_club

$ETH - OBV is not necessarily bullish to me, I'm not bullish ...

Maddrix_club

I am fairly confident that bouncing the RSI downtrend is just a temporary relief. Time will tell

Maddrix_club

We can see here that we are finally getting some green volume. I don't expect a huge pump to the upside though I don't have a crystal ball and this is just a personal feeling. I think we will keep ranging a little longer here with green/red weeks ahead of us.