decklyndubs

decklyndubs

I'm eyeing potentially 22800 retest for BTC after it dumped likely on silvergate news in asian market open.

decklyndubs

Similar to the post this am, this is another of my preferred setups. The price is wedging into a visible resistance area. These will nearly 100% reverse at the point of price agreement. I have multiple examples from today of this setup - this one is on a higher timeframe on DYDX. Just spot the line, look for price agreement at a target on the line. These are...

decklyndubs Updated 

Spotting a good reversal play on DYDX at an upper trend line. It's wedging into it - good setup for a possible short. Fundamentals are good, but just playing the price action. Today looks mega red.

decklyndubs

This is one of my best performing setups lately. Here NQ has a broadening formation into a trend line. These are confident reversal points and have a high success rate. Zoom out and you'll see a good channel forming. Uncertainty on the upward price movement appears as sellers are starting to drive the price lower, while buyers are still appearing that are buying...

decklyndubs

There is a channel that the BTC price keeps reverting to. It broke a long term trend line and retested it yesterday am. I shorted it there and it reverted to the channel again.

decklyndubs

My major perspective on bitcoin remains in the trend lines shown. It's retesting now. I don't see any analysts describing this, but I've been successfully trading this. BTC regained most of the ground it lost after PCE was released. It's testing against 23700 as resistance on the trend line shown. I am looking for direction from here. I'm favoring the short side...

decklyndubs

ES had a massive movement down into price agreement target of apx 4000 into the FOMC minutes release. PPI and jobs data were worse than expect and market continued in irrational exuberance until turning down into the minutes release, breaking the bullish trend after the last FOMC meeting. At the FOMC meeting powell used the word "Disinflationary" 11 times. Markets...

decklyndubs

BTC is trading in a consolidation phase after a sell off post PCE data. It hit a fair value gap fill and is continuing to consolidate in the range. No view of the next move yet. Market is likely gripped by fear of inflationary pressures as PCE data was hotter than anticipated. I am short on the 4hr. See other chart for analysis.

decklyndubs

Not sure why nobody sees this - it is supported by 7 or 8 taps on a super clean linear regression of highs and lows. I've been trading this for a while. Stay bullish if you want, I'm not taking profit on this and will let it close flat if I'm wrong about this. BTC has broken this trend line and will collapse while everyone is buying it on the way down. Don't get...

decklyndubs

BTC appears to be ranging in an ascending triangle. Looks like mid march may be the next major turning point if this holds. I am scalping this channel. 24053 apx entry on my long (I used hedging to get this entry - I'll post the journal on my blog later. If you know me, you know where to go. Message me and talk to me on TV if you really want to see how I'm doing...

decklyndubs

The NQ has broken the uptrend. There is increasing geopolitical uncertainty appearing in the news. Russia has declared that they are suspending the nuclear treaty, and are broadcasting to their people that it is the west's fault for the war in Ukraine. Good luck out there. Interestingly, crypto has held up as the NQ and ES dumped and broke trend. In fact, BTC...

decklyndubs

There is a pretty tasty short on rose. Watch the micro structure shown for price agreement.

decklyndubs

I have a wicked short entry on klay @ .3255. It was hard to nab so averaged out a little lower than I was entering on. The PA suggests that it will turn down. My entry is obv better - just watch for a retest and breakdown and ladder in if it holds. BTC will need to co-operate. NYSE market end you'll probably see PA.

decklyndubs Updated 

GMT price is falling under .4 in a descending wedge. Based on the macro, I expect it to continue to decline before breaking the downtrend at some later point. This is a new asset for me - it prints a really clear picture vs more competitive assets - I'll be trading this one. If .4 is gained, and the descending channel is broken, I would re-asses but it looks...

decklyndubs

Looks like 6.55ish is a decent short. 6.6 for tight sl, can go in super fat if it's really out of steam. This may be a scalp but market bullishness is pretty much exhausted IMO especially after the PPI print, so I'm YOLO'd in 20x with a massive hunk of my account and a tight SL. If it falls, whatever it's still just a couple points but upside can be pretty good....

decklyndubs

This looks like a reasonable setup for me. I thought it would probably base up but I think this will descend into the channel visible on 4hr. This is good for a scalp. Asset has not been moving like much of the rest of the market so I'd keep an eye on it as it may be due. We must be close to the peak of the rally now.

decklyndubs Updated 

Could go either way from 22 If it breaks over 22, 22.4 has fvg but it's on longer tf so these are weak. 22.8 major resistance. Under 21800 it will look bearish. Unclear to me which way it will go. LTC looks short to me, so I'm kind of watching alts atm to figure out the market sentiment. Look for price agreement into 22 and a decision from the ascending triangle.

decklyndubs

LTC broke an uptrend and should provide some amount of retracement. BTC looks a bit bullish so this may revert. Holding above 95 invalidates this. Double top. Trend break. Looks reasonable but the market direction is unclear today