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- GreyPool replied May 7, 2023
Curious how this analysis can be applied to BTC
- GreyPool replied May 6, 2023
Thanks for sharing, it seems like most of your strategy is based on your observations of market movements and past experiences, difficult to automate but maybe it is possible to define a general ruleset of your strategy. Even if you're not ...
- GreyPool replied May 6, 2023
This is very interesting. To add to your examples of our inherent ability to recognize patterns and extrapolate predictions of the next, as yet uncompleted, part of the pattern, tones come to mind. Either listening to a melody and anticipating the ...
- GreyPool replied May 6, 2023
Interesting, what is your general strategy or approach to the market? I went through the thread but couldn't find an explicit description of it. Looks like your are quite successful, maybe you can point others in the right direction. Thanks.
- GreyPool replied May 6, 2023
Looking at the BTC weekly chart it is clear that for the last year BTC has been in an accumulation zone and the recent markup in March represents a breakout to the upside of this channel/zone. November's markdown, mostly fueled by negative crypto ...
- GreyPool replied Sep 28, 2022
I'm not so sure. Yesterday’s BTCUSDT spot volume on the Daily chart is the highest daily volume in BTC’s history. The only thing that comes close is the March 12th 2020 daily bar’s volume but yesterday eclipsed it. That 3/12/20 bar started a long ...
- GreyPool replied Sep 28, 2022
Yesterday’s BTCUSDT spot volume on the Daily chart is the highest daily volume in BTC’s history. It was a massive reversal downwards but the only thing that comes close is the March 12th 2020 daily bar’s volume and yesterday eclipsed it. That ...
- GreyPool replied Sep 27, 2022
I'd argue you'd be more successfully by doing the opposite of what the masses do but follow what the institutional investors do since they're actually the ones that move the market. I'd recommend reading Master the Markets by Tom Williams.
- GreyPool replied Sep 19, 2022
Reversal on the 12hr chart at the bottom of the range and Open Interest just flipped, it is dropping as price is rising, before today it was the opposite, interesting behavior before the fed meeting Wednesday which suggests the market has priced in ...
- GreyPool replied Sep 18, 2022
Those are very wise words, you may not be experienced but you're seeing the market in the correct way. It is moved (manipulated) by institutional players and following their manipulations is the only way to be profitable at the retail level. I would ...
- GreyPool replied Sep 18, 2022
You're right, but it depends on how aggressively the Fed raises rates and how long they continue to do so.
- GreyPool replied Sep 12, 2022
Very thorough and insightful analysis based on empirical data. Bravo! The part about a higher than expected CPI potentially triggering the Fed to be more likely to hike by 75 bps rings true in particular. Keep it coming
- GreyPool replied Sep 9, 2022
Bitcoin or proof of work is not representative of the potential of cryptocurrencies because the market dominance of Bitcoin is sure to fall and be replaced by more useful, more efficient iterations of this technology. Bitcoin was simply the ...
- GreyPool replied Sep 9, 2022
This looks like a genuine absorption bar and not to be confused with stopping volume even though the bar is above average size and the volume is excessive - the bar closes on its highs and takes out multiple levels of resistance. The US dollar ...
- GreyPool replied Sep 8, 2022
The volume values shown are exactly the same as the default chart volume which is taken directly from Binance, it's also the 12hr chart, volume does not fluctuate as wildly as it does on the lower timeframes:
- GreyPool replied Sep 8, 2022
The drop on 9/6 is an absorption bar, which means there was no hidden buying, just selling by composite operators/smart money - which pretty much makes the bottom of that bar (18.8k) the top of a new range and strong resistance for the foreseeable ...
- GreyPool replied Sep 8, 2022
Yes, a rate hike that large isn't going to be completely priced in just because of the immediate impact it has on the traditional markets, everything is tied to interest rates so at least initially the market will react in a huge way and by then I ...
- GreyPool replied Sep 8, 2022
Oh it's going down more, especially after the Fed meeting in 2 weeks, before then we'll probably see some dips below 18k but a mostly sideways market.
- GreyPool replied Sep 8, 2022
Thanks for the tip
- GreyPool replied Sep 7, 2022
17.6k will be tested and temporarily broken soon but the definitive break will most likely not occur until after the Fed meeting in a couple weeks. Until then there will probably be a range between 17.6k and 19k.