NeoButane

NeoButane Updated 

From CME close, bitcoin has dropped almost 10%. It should revert back to fill the CME gap, as it often does. Total market cap, excluding tether, has hit a historically bullish level. When the trend turns, price pumps from this market cap level very hard. Funding is no longer high, so longing is not as expensive Building long under 65000 should be...

NeoButane

Woo has hit high timeframe support, based on volume boxes drawn by Magic Rectangle Detector. I think any buy from here has a good R/R potential. The next support down I see is about -14%, while the first resistance is +8-14%, then high sailing from here. Of course, size accordingly to downside risk.

NeoButane Updated 

Since bitcoin has already fallen from the price I've marked on my chart, I am going to explain why I think price will go to low 60k. Idea Invalidation: - If price continues to go up while above 2.5 market cap - If bitcoin consolidates here and alts pump hard, then bitcoin rallies again Price direction idea 1: There are currently two unfilled CME gaps in recent...

NeoButane Updated 

tl;dr there is no strong fundamental reason for bond yields to go up, bitcoin will rally As of publishing, US10 bond yields: 1.47% US inflation: 1.40% Reasons for rising bond yields/inflation Re-opening U.S. economy via easing COVID-19 lockdowns would stimulate consumer spending, therefore inflation should go up Because bonds have been taking a nose...

NeoButane Updated 

Hello. This is my overnight setup for the weekend. I wanted to hold short or open long equities rather than bonds but it's not feasible at the moment. Unfortunately this is posted after market close, but will serve as a journal for how poorly/fantastically I play it. A funky strangle, with a 1:1:1 ratio: Mar 19 +140C @ 0.65 Mar 19 +135P @ 1.45 Apr 16 +100P...

NeoButane

Genuine question with the aim of getting points from ADA holders that believe in in the tech™. I am surprised it was able to outperform major coins by market cap YTD. Can anyone speak to their experience of working on/using Cardano? Testnet, mainnet, or anything else. Some news I've found: "The first major difference following the upgrade is that there will be...

NeoButane Updated 

Entry zone: $1865-1930 Stop loss: 0 Expected drawdown before profit: $1700s is possible Target: Take partial profit above at least $2000.01, then $2345 Expected time in trade: less than a week, but could be 3

NeoButane Updated 

Invalidation occurs at another test of the recent highs. Targeting upper 4.5s, then 4.2s, then looking for a reaction upon upper channel test if it occurs. R of this trade: 0.5:1 3D chart showing the formation of the horizontal channel. Picture in case the idea is scaled oddly in the published chart. Futures premium from FTX, on a Bybit chart. They're all...

NeoButane Updated 

Targets: 0.5580 0.5454 (should it occur) Leaving small amount on the table if it runs deep Stop: ~>=0.591 Reasoning: High funding VPR showing curved top Felt like it Notes: Should be actively monitored, I don't trust trailing stops I will not be actively monitoring this trade Picture for clarity if the main chart isn't scaled correctly Zoomed out to 2hr...

NeoButane Updated 

While spot/perps did not hit the holy $50000, many March futures did. Mostly complete list of exchanges that breached $50000: Deribit OKEx Huobi Binance FTX BitMEX Surprisingly, CME and Bakkt's March futures were unable to break over $50000. CME's June contract did, however. REASONING Futures play a huge role in leveraged trading. I have seen this...

NeoButane Updated 

Today is the opening day of ETH futures on CME. It is known that the desk for CME's Ethereum futures hold ETH. If so, they would likely be interested in hedging short on a cash-settled futures contract such as CME's ETH. They call it Ether. A travesty. Note: This is a short term bias. Invalidation on break of open price.

NeoButane Updated 

The volatility on this is INSANE! Interesting in longing from here down to ~0.3800 Am considering going with spot buys so I don't have to worry

NeoButane Updated 

EOS makes big sweeping moves on well defined S/R levels. I believe, whether or not the coming week is bullish, there will be a sweep down to clean out the over-leveraged and paper fisted. Stop above the recent high, looking to close in green highlighted area

NeoButane Updated 

Binance uses cross margin, and once DOGE dumps, traders who are long bitcoin will be force liquidated. Here we can see VFAP showing that price is on the upper band, traditionally where price will reverse downward. Contingency: If it does not go down, it will explode upward and retrace, but may take hours before returning under the gray horizontal box.

NeoButane

Target upper 32s, invalidation 35.

NeoButane Updated 

Long $TRX. Can play two ways: Long $TRX, short $BTC to match the chart OR Long $TRX naked. I am going with option number 2

NeoButane Updated 

I don't believe the S&P composite index will continue dropping without more upside first. This is a short-term prediction and is also a reason why I believe bitcoin will bounce short term, as well. Projected target path (blue line) probably won't happen, it's there for spectacle.

NeoButane

Here's TQQQ divided by the M1 money supply. Here's QQQ divided by the M1 money supply. By dividing by M1, we are able to see the supply adjusted value of the share. I chose to use TQQQ instead of QQQ for a short because it looked pretty cool making a triple top when divided by M1. Haha.