hodlmybtc speculation thread

[hodlmybtc]

New long @ ~275.

Closed my last long at a small loss, by the way most of the trades I place here are pretty short-term and I'm not updating those frequently.

I'll try to post more longer term trades instead of (intra)daytrades.

[hodlmybtc]

Had a short today, closed it after a few $ down, was a really slow grind down.

I'm waiting to go long near 265-260, really doubt that it will go to 260 tho.

If the 270-272 area holds I'll also go long after bullish signs at the first pullback for a good entry.

[hodlmybtc]

https://www.tradingview.com/chart/BTCUSD/84AU1muE

Price has found good support in the lower 270s, 200 day EMA support is currently at ~272.50, also support has been found near the middle BB and is currently in the positive BB zone.

Hidden bullish divergences showing up on multiple indicators.

I hope to get an entry around 275 but if 282 breaks on all exchanges with some volume I'm looking for a long entry too.

Resistances at 284, 294 and 315, I doubt 284 will be big resistance when the bulls step in with force so I'm looking to close longs (partially) near 294 and 315 and try to open new ones after some small corrections.

Next targets after that will be 350 and 375.

[Fakhoury]

https://www.tradingview.com/chart/BTCUSD/84AU1

Price has found good support in the lower 270s, 200 day EMA support is currently at ~272.50, also support has been found near the middle BB and is currently in the positive BB zone.

Hidden bullish divergences showing up on multiple indicators.

I hope to get an entry around 275 but if 282 breaks on all exchanges with some volume I'm looking for a long entry too.

Resistances at 284, 294 and 315, I doubt 284 will be big resistance when the bulls step in with force so I'm looking to close longs (partially) near 294 and 315 and try to open new ones after some small corrections.

Next targets after that will be 350 and 375.

Thanks for your nice thread, hodlmybtc.

So in short and medium term you are bullish, right ?

[hodlmybtc]

Super short term I think we're going down a little, that's why I'd like to enter a long near 275.

Short term bullish, medium term bullish, long term bullish.

USDCAD also looks very toppy after an impressive rally, will probably short it tomorrow.

[hodlmybtc]

USDCAD short:

https://www.tradingview.com/chart/USDCAD/6Hx8CmED-Short-USDCAD/

After a major rally it seems very toppy around 1.30.

Bearish divergences all over the place, got in at the retrace after the drop at 1.295675, SL 1.30015, TP 1.27545.

[hodlmybtc]

XMR is about to explode it seems, I will buy more XMR the coming days and also try out some longs on Poloniex.

https://www.tradingview.com/chart/XMRBTC/1KoVTR4m

3 day MACD turning green, the last time that happened was at the all time low, also 1 day EMA cross up, riding the daily upper bband and both bbands expanding.

*Slowly moving my BTC to Poloniex*

[hodlmybtc]

275 long turned out pretty good, unfortunately I was in another country friday, so I only left a small position open through the weekend.

Mike Tyson knocked da bears out: http://www.miketysonbitcoin.com/

2H analysis: bear divs on multiple indicators so we will probably see some down from here, I'm going long between 286-284 which is around the .382 and .5 fib retracements from 272 to 294, also the 100 and 200 ema will probably end up around there.

Definately not shorting here, everything looks super bullish on higher timeframes and a little FOMO added will rekt any bear instantly.

[RonPaulBTC]

Bitcoin is looking better than ever. Cant wait to see all the fudsters getting KO'd. I wish the low price lasted for 5 more years, i need more cheap BTC before go 10k.

[hodlmybtc]

1/2 of my bids got filled, entered rest just now Finex pumping with nice walls

Edit: and closed a couple $ in profit, will probably enter a long again soon.

[hodlmybtc]

Entered again when Finex Fomo'd above 294

Aaand closed again.

[hodlmybtc]

Long 283, I found this 4H 125 EMA (~21 D EMA) , it has been very strong and accurate support this rally, also we're sitting on the .618 retracement from the rise from 272-298.

Hidden bull divs on multiple oscillators (just 3 on chart to not ruin it), normal bull div on UO showing momentum to the upside.

Also RSI and godmode levels are around the lowest levels they've been so far this uptrend.

I hope I can keep this long open for a long time, but I will take profit on the way up at resistance levels and try to get in back lower, resistance levels 290, 294, 300, 305, 315, stop loss for this trade 279.

If 279 breaks on good volume we will probably see 275-272 which would also be a good long opportunity, also a short from 279 to 275-272 is probably good.



Also shorting USDCAD and gold

[klee]

What you found is the two supports in my chart that I used for my eyes only (until now)!



Could not resist posting  

Why is everyone short on poor CAD?  

[hodlmybtc]

What you found is the two supports in my chart that I used for my eyes only (until now)!



Could not resist posting  

Why is everyone short on poor CAD?  

Haha nice one, S/R levels can show up in multiple ways, although you can probably draw some lines or do some fancy chart shit so that every $ level is a S/R level.

About USDCAD I think it's pretty toppy, I see that I just got stopped out of the USDCAD short haha, will keep my eye on that pair later.

[klee]

S/R in P&F is objective though..

[gotmilk_]

Long 283, I found this 4H 125 EMA (~21 D EMA) , it has been very strong and accurate support this rally, also we're sitting on the .618 retracement from the rise from 272-298.

This! Went also long at this level.

[hodlmybtc]

S/R in P&F is objective though..

I only read a little in P&F but from what I can see on your charts every trendline is 45 degrees? So it means that every trendline on a normal chart using P&F should be like the same slope up/down?

[klee]

S/R in P&F is objective though..

I only read a little in P&F but from what I can see on your charts every trendline is 45 degrees? So it means that every trendline on a normal chart using P&F should be like the same slope up/down?

Yes, trendlines (bullish support & resistances) are always 45 - there are of course the horizontal S/R too (lowest Os or highest Xs).

So in order for a trend (eg bullish) to be held, whenever you change a column you need to be at least 1 box higher than the previous column.

[hodlmybtc]

S/R in P&F is objective though..

I only read a little in P&F but from what I can see on your charts every trendline is 45 degrees? So it means that every trendline on a normal chart using P&F should be like the same slope up/down?

Yes, trendlines (bullish support & resistances) are always 45 - there are of course the horizontal S/R too (lowest Os or highest Xs).

So in order for a trend (eg bullish) to be held, whenever you change a column you need to be at least 1 box higher than the previous column.

Ok thanks, I'll probably get PRO on TV soon, I'll at least test it for 30 days

Do you watch P&F charts only now or both normal charts and P&F?

Cheers!

[klee]

S/R in P&F is objective though..

I only read a little in P&F but from what I can see on your charts every trendline is 45 degrees? So it means that every trendline on a normal chart using P&F should be like the same slope up/down?

Yes, trendlines (bullish support & resistances) are always 45 - there are of course the horizontal S/R too (lowest Os or highest Xs).

So in order for a trend (eg bullish) to be held, whenever you change a column you need to be at least 1 box higher than the previous column.

Ok thanks, I'll probably get PRO on TV soon, I'll at least test it for 30 days

Do you watch P&F charts only now or both normal charts and P&F?

Cheers!

Mainly P&F but I use many classical indicators on them too (OBV, MACD, MA, etc)