lwils2169

lwils2169

An arbitrage opportunity has just popped up. This requires cross-exchange triangular arbitrage, which is quite an involved process, but there are real risk-free profits to be made here. Currently on the bithumb exchange the price of GALA is 24.35 KRW (South Korean Won) which is equivalent to 0.1902 BUSD, but on Binance the price of GALA is 0.1866 BUSD. This trade...

lwils2169

Well that lasted longer than expected - this window was open for more than 24 hours but the mispricing of USDTBRL between KuCoin and Binance is now starting to correct itself.

lwils2169

As promised, here is the same pair but on Binance. The price is significantly higher and this opportunity still exists. Check out my previous post (linked) for more details.

lwils2169

The price of BRL is 1.35 USDT on KuCoin but on Binance it's 5.24 USDT at the time of writing this. This is a significant inefficiency between the two exchanges. I also checked the amount of liquidity on both exchanges at their respective market prices for this pair, and there is currently enough liquidity for at least 10k USD worth of BRL to be sold on KuCoin. I...

lwils2169

Cardano is coiling up for the next big move as we approach the end of this large descending triangle, which happened previously and broke out to the upside. ADA has been displaying behaviour of consolidation --> pump consistently, and if historical events repeat, this will happen again here very soon. Suffice to say, I am long on ADA at this time.

lwils2169

SPY has broken out of a significant resistance line after a bullish divergence. This may now form a level of support for levels to continue higher as per usual.

lwils2169

Check my post (linked) where I discussed the reasons I believed BTCUSD would break the 50k psychological barrier. I also discussed The fact that I was already holding a long position on bitcoin, and this position is now blowing up. There are various factors that lead me to take that long position but the confluence of those with the 50k resistance breaking helped...

lwils2169

BTCUSDT is in a descending triangle on the 4hr timeframe, and we are currently getting very close to testing that descending level of resistance. A strong rejection from this would make me very bearish for bitcoin in the medium term (2-4 months), and it would throw some doubt in my mind as to its' ability to reach 100k by Q2 on next year. However, the linear...

lwils2169

BTCUSD is getting very close to the 50k psychological resistance. Furthermore, the 25ma has bounced off the 55ma and now they are developing a significant gap, meaning that this trend has significant momentum and will likely continue for the next 24 hours. If we do break 50k I would not be standing on the sidelines, I would be going long. However, I am already...

lwils2169

See the linked post - I discussed how we had formed a new level of descending resistance, and that if we break above it there would be a great opportunity to go long. Well, that's just what I did, and I'm now up 17% on a 2x leveraged long. Hope you guys took this trade too, and hope you're finding some value out of my posts! :)

lwils2169

BTCUSD has broken down from a bearish divergence, but it's not clear if the full extent of this dump has been exhausted. It seems like a descending resistance is forming now, implying we may start down-trending for the next week or so. However, this can be exploited if we see a breaking of this resistance, as we can go long (after a volume-supported close above...

lwils2169

Bitcoin is continuing to make a nice recovery after the severe market reaction to the news out of China. We are sitting nicely above the 80 period MA, and I am currently in a long position on Bitcoin which is making steady gains. I do like using the 80 period MA for trading on slightly higher time frames (where I typically hold trades for 12-48 hours instead of...

lwils2169

BTCUSD has taken a serious hit after the recent news coming out of China. However, we will certainly recover from this. We are following a nice support line and will likely see significant bullish activity over the next 24-48 hours as bitcoin returns to a level closer to its true market value. In fact, now is a good time to go long on bitcoin, since it's very...

lwils2169

This is my current plan for BTCUSDT. We have just had a MA crossover on the 4hr, which makes me very bullish. We have also recently emerged from a w-pattern, and sometimes we get these "handles" afterwards - not a quick breakout pump, but rather a stepwise pump. Let's see how this one plays out.

lwils2169

It seems like there are some exogenous factors at play at the moment, or at least there were during this short period of huge volatility. I couldn't imagine the number of liquidations that happened during those 45 minutes but if someone happens to know that data please leave it in the comments. Due to this recent high volatility, I'm letting the market settle down...

lwils2169

The short position I set up earlier (approx 24 hours ago) entered and hit the take profit level. The long position fell victim to what I assume was market manipulation, since the level of volatility is not explained by endogenous factors.

lwils2169

BTCUSDT has formed a stable ranging market, lending a higher degree of predictive power to indicators like squeeze momentum, rsi, macd, and stochastic. I have laid out some potential trades that I can see coming up. The short position I see as less likely (approx. 30%) and the potential downside would be lower since we're bullish on the macro. The long position...

lwils2169

My short on BTCUSD hit take profit, and the trade played out exactly as I thought it would. We had an initial dump, it came back up for a retest - got rejected - then dumped hard down to my TP level.