NeoButane

NeoButane Oct 6, 2024

Reason for neutral: I believe price will dip again to present bearish, then it will bounce. It shouldn't break down under June low again if it were to bounce. XRPBTC and its USDT pairing reaction View of the range that developed after Coinbase delist & relist Price target ideas based on ranging and mean reversion Sources, used the earliest I could...

NeoButane Updated  Aug 4, 2024

Good: It's still bitcoin. 1 BTC = 1 BTC BTC ETF on-ramp. Inflation is continuing to be real shit for most countries around the world. Bitcoin was designed as a hedge to inflation. ETH ETF lends credit to cryptocurrency as a whole. ETH ETF may have staking rewards in Hong Kong. USA inflation and employment/pay are trending downward, and the Federal Reserve...

NeoButane Updated  Apr 16, 2024

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 Apr 13, 2024

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  Apr 13, 2024

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  Mar 8, 2021

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  Mar 7, 2021

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 Feb 25, 2021

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  Feb 22, 2021

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  Feb 19, 2021

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  Feb 12, 2021

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  Feb 9, 2021

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  Feb 9, 2021

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  Feb 1, 2021

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  Jan 31, 2021

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  Jan 31, 2021

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 Jan 30, 2021

Target upper 32s, invalidation 35.

NeoButane Updated  Jan 29, 2021

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