Daniel4k 2019 May 06 Flashcards
When to trade ALTs –Daniel4K
Daniel4k
When slow week for BTC, sideways movement for the week >> good trading time for ALTs
How do you trade this chart as daytrader?
Daniel4k
Break down >> sideways: paralell chanell
broke out upwards > came down to test the uptrendline of the paralell channel (confluence with swing FIB 382)> move up in a paralell channel consistantly
his chart is different, I guess he uses Bitmex on Finex??
now hit overhead RES, golden Pocket + HOR line
rejection candles
but no signals for weakness to short
https://www.dropbox.com/s/fe3ny3jgq5kjonz/Screenshot%202019-05-02%2020.58.10.png?dl=0
https://www.dropbox.com/s/u796eha5gjaj7p3/Screenshot%202019-05-02%2021.09.43.png?dl=0
What to think about this chart?
https://www.dropbox.com/s/3dw5lgnm0mh9s1t/Screenshot%202019-05-06%2022.46.52.png?dl=0
Daniel4k
Paralell channel since breakout
now touched three times F0.618 line (GP) > so far holding as SUP fig1
Losing the upward Sup TL > backtested > rejected > down to the 618 zone: Sup > going back up, but Rejection from the UPward trendline and Hor RES from the left
not Shorting it yet, as long as HHs HLs intact > trend is your friend
we need to wait to see LLs LHs, now the momentum is still with the bulls
https://www.dropbox.com/s/3dw5lgnm0mh9s1t/Screenshot%202019-05-06%2022.46.52.png?dl=0
https://www.dropbox.com/s/fy74z9d21ctxvkr/Screenshot%202019-05-06%2022.50.59.png?dl=0
https://www.dropbox.com/s/8hq85sgjw681mk4/Screenshot%202019-05-06%2023.00.17.png?dl=0
What to think about this chart?
https://www.dropbox.com/s/4yttgc4m0de545o/Screenshot%202019-05-06%2023.02.36.png?dl=0
Daniel4k
Price action HHs but oscillators all LHs (Div)> losing strength losing momentum, but holding Sups > still buying pressure from the Bulls
>> he was in ZIL, ONT, ETH, ENG
BTC also run up into the 0.5F of the recent swing (fig) and HOR RES
https://www.dropbox.com/s/4yttgc4m0de545o/Screenshot%202019-05-06%2023.02.36.png?dl=0
https://www.dropbox.com/s/m24xx8q2vd9bnot/Screenshot%202019-05-06%2023.37.13.png?dl=0
ETH trade by D4k: similarity to BTC
https://www.dropbox.com/s/j50n25zhy4nci4l/Screenshot%202019-05-06%2023.15.42.png?dl=0
Daniel4k
Great breakout up from the falling wedge (not out of the wood yet though, HOR RES left!! right at the GP)
Exactly how happened eith BTC (Credible Crypto was right at the end… fuck he might be right about the bottom too?
BTC: fall, capitulation like > bounce back sold off to F618 > bounce back up (but lower high) > sell off to F786 (falling wedge)
>> break out since: HHs and HLs
https://www.dropbox.com/s/j50n25zhy4nci4l/Screenshot%202019-05-06%2023.15.42.png?dl=0
https://www.dropbox.com/s/qpxp4ec4a72pzvh/Screenshot%202019-05-06%2023.24.20.png?dl=0
ETH falling wedge pattern after 2018 Dec
Daniel4k
ETH: fall, capit like > bounce back creating a top > sold off to F618 > bounce back up (but lower high) > sell off to F786 (falling wedge)
>> break out Up (amazing similarity with BTC
the impulse in Dec is W1 >> ABC correction (untill now): if we extend A (with B retracement) >> C is perfect 1-1 ext of A
>> the most perfect entry one can imagine
other ALTs rallied also nicely (when BTC is sideways..
https://www.dropbox.com/s/qpxp4ec4a72pzvh/Screenshot%202019-05-06%2023.24.20.png?dl=0
Falling price on ONT what to think?
https://www.dropbox.com/s/zsoyznlq630iw0x/Screenshot%202019-05-06%2023.43.33.png?dl=0
Daniel4k
Massive sell off but you might expect some bounce at critical levels (like F786) even if just a few % > great opportunity
https://www.dropbox.com/s/zsoyznlq630iw0x/Screenshot%202019-05-06%2023.43.33.png?dl=0
