Trading Room Profile picture
Social Learning Platform
miki Profile picture Cryptobird Profile picture meta Profile picture 4 subscribed
May 12, 2022 21 tweets 5 min read
Free Alpha

Stop guessing #Bitcoin bottom

Instead use some simple and easy to understand rules to figure out the most likely area for interim local bottom

Thread 🧵

Share it if you like it In order to identify potential bottom, you need to use Relative Strength Index & Moving Average Indicators

If you are new & not familiar with RSI & MA check some training videos on YouTube

If you are familiar with Technical Analysis follow these steps

……
Jan 22, 2022 11 tweets 3 min read
Oversold Conditions

The entire market is oversold across all major timeframes. That doesn’t mean we will do a V shape recovery

At best we will get 23.6 / 38.2 FIB bounce for some of the major coins and potential 61.8 / 78.6 for trending coins from past few weeks

Thread 🧵 How to spot reversals and how to profit in current market conditions ?

There are two types of coins with two different behaviors

Coins that were trending up and pumping hard before this entire dump saga began & coins that were going sideways / down trending

…..3
Jan 20, 2022 12 tweets 6 min read
TA vs FA

Technical Analysis vs Fundamental Analysis

TA works 90% of the times, FA works many times but when FA works, TA takes a backseat

Don’t blindly use TA during times of major economic events & catalysts from other co-related markets

Thread 🧵 It’s wise not to use TA during the black swan events or during uncertain emotional events

Wait for that event to pass & TA will eventually takeover price action

Global stocks are dumping hard with Nasdaq $NQ leading the pack. For now $BTC is closely correlated with #Nasdaq

..3
Jan 19, 2022 8 tweets 3 min read
Free Alpha

Do yourself a favor and add OBV indicator on your charts. Now add 20 & 200 MA on top of OBV indicator

Add an indicator on top of an indicator. Now you can spot price vs OBV divergences easily

Read this thread for more….. Now watch H1 for short term reversals and H4 & Daily for mid term reversals

Works best after huge pumps and dumps to find reversal clues

After a big dump, If OBV breaks above 20/200 MA & if 20 MA turns into support, expect local reversal

…..3
May 27, 2019 9 tweets 6 min read
$BTC vs $USD pairs

How to play?

BTC Up-Trend = Play USD Pairs

BTC Down Trend = Play BTC Pairs

BTC sideways = Play Both

BTC indecisive = Be selective & be prepared to jump either ways on short notice

This is relevant if #Bitcoin Dominance is high & rising up

Thread / 2 If #Bitcoin dominance is diminishing & on its way down, we can play:

$BTC Up-Trend = Up-Trending ALTs with stronger trends than BTC can offer higher profits in USD terms. You get the benefit from BTC up trend + ALTs uptrend

Thread / 3
May 14, 2019 9 tweets 4 min read
ALTs update

#USD paired ALTs are pumping, mostly thx to $BTC pump against #USD

$BTC paired ALTs continued to struggle but are showing bottoming process for last few days

Here is how to play ALTs:

Check the Thread /2 If you are into $BTC you may flip your #BTC position for ALTs for next few days if #Bitcoin struggles against key resistance & can’t post higher highs in next few days

Which ALTs to choose ?

2 setups

Trend Continuation
Trend Reversal

I prefer 1st one, let’s discuss both /3
Jan 31, 2019 6 tweets 17 min read
Nov 19, 2018 7 tweets 3 min read
Regarding new traders asking for “when big reversal”, here are some scenarios

#Bitcoin spent considerable time in 6000-6500 range. Most key indicators did suggest we will have downside break eventually & we have that now

It can’t do 180 degree turn & reverse all the way /2 /2 Here are some Scenarios

There is a strong support around 4500+/- 10%, First we need to find the bottom and post a large upside wick in an hourly candle to find the bottom

5700-5850 will offer strong upside resistance followed by 6100 area

/3