Welcome November!
October went down as one of top trading months of career. Finished up $24,714.75, avgd (worked hard for $800) $797.25/day. Ended up right in middle of goal range of $500-$1000 per day, focusing mostly on small wins. 2 trades so far in November, up .$250, LG!!
The bearish RSI divergence on $ZEC’s daily chart rarely fails to deliver.
Three from three in marking its macro tops over the last 12 months.
Each time Zcash has made an expansive higher high while RSI formed a lower high, we’ve subsequently seen a local top and the beginning of a macro correction.
We’ve also seen the reverse, with bullish RSI divergence marking the start of macro markup phases.
I’ll be tracking whether a macro bullish divergence develops during this correction, which could give us an early sign of the next expansion phase.
In looking over charts and studying price action around other bottom patterns. I’m guess we have around 10 weeks left of this price action before a period of consolidation and then hopefully a bull move beginning. Cycles are long! $BTC $ETH $SUI
I’ve been shorting $BTC $ETH $SUI since June. And posting ideas in real time All while I wake up everyday to a bunch of psycho bulls telling me I’m wrong. Your KOL was wrong. That’s all you need to know.
$BTC just hit longish term 1D support line as it hit green line 71,700 - getting pretty good reaction off it. If it can't hold, which I am betting we don't given macro situation, next areas of support is mid 60's.
I dont typically trade $ETH but has the absolute perfect swing short set-up. Broke 2 levels of long-term support and then went up to retest the old support and now considerable resistance. Short 2400 should be a big pay day.
For chart perspective - we just hit the shortest timeframe $BTC support, 71,700 - you can see the multi-year support under that around mid 60's and gawd forbid we make a run on all-time chart support low 30's