The Litepresence Report on Cryptocurrency

[presence]

I can't help but feel the gravity of the 63.32 to 102 support; That would put us at 178

Noteworthy, the tip of that orange line above is actually pointing uphill; that's 3dMA30... historically that is a STRONG bullish signal.

However if you also plot 3d MA 28, 26, and 24... you can see that the faster moving averages are quickly reversing and turning downhill again. This indicates that MA30 is also soon to do the same. Also MA32, 34, 36+ are all still downhill; so its really somewhat of a fluke to see MA30 pointing up for this short period. More of a hiccup than a trade worthy indication. Still it does point that we're approaching the bottom of bottoms.

 

[FSP-Rebel]

 

[muh_roads]

Still subclass three. Red Dragon. Run away.

+/- thresholds, there are only three reasons I choose to buy a Red Dragon:

12hMA2 < 75% of 12hMA55 "Purgatory"

low < 65% of 12h55 "Bloody Waterfall"

(12hMA2 or resistance) > (12hMA90 or 12hMA150) "Honey"



--------------

MA55 is currently 248; Honey Badger is looking for MA2 at 186 (75%) or a low at 160 (65%) to buy a bottom.

The min of MA90 an MA150 is currently 250; +/- that would be the immediate Honey stop loss of shares.

"Resistance" is generally slow moving and is currently $30 below min of MA90 or MA150; so its not currently a factor.



-------

My best guess is a purgatory buy, a week+ out, in the mid 180's

PAMP! Run TOWARDS! For now.

In 1-2 weeks I think you'll be right though.

 

[presence]

PAMP! Run TOWARDS! For now.

In 1-2 weeks I think you'll be right though.

I won't deny that you're on a support shelf here at 220, if you bought 210 great... but I wouldn't enter at 224 last.

The 30 day trend is down again. Until the day comes that you see 100,000 BTC volume on stamp and finex, its good to sleep in FIAT.

 

[muh_roads]

I won't deny that you're on a support shelf here at 220, if you bought 210 great... but I wouldn't enter at 224 last.

The 30 day trend is down again. Until the day comes that you see 100,000 BTC volume on stamp and finex, its good to sleep in FIAT.

nah didn't nab 210, needed to wait for the breakout. I'm in 218-220

But if Silbert's thing is ready to go, 260 could easily be happening. The asses in control seem to know when news is gonna hit...

 

[FSP-Rebel]

Someone just helped themselves to about 6k coins on tha fin.

 

[muh_roads]

Someone just helped themselves to about 6k coins on tha fin.

Insiders...lol

 

[amonasro]

PAMP! Run TOWARDS! For now.

In 1-2 weeks I think you'll be right though.

Yeah careful there. After this last dump the market has been showing more and more signs of distribution which will push us lower as red volume is beginning to expand on the daily chart. Sometimes during distribution (where supply is in control of the market and buyers tentative) you'll see either big rallies that trick the market into filling asks (upthrusts, a single candle with big volume), or rallies that are destined to fail as volume peters out. The fact that volume didn't follow through after the big coin buy earlier today is fishy.

Holders are beginning to get nervous again and sentiment is sinking. 3d MACD just crossed into red so more traders/bots will be bearish. Market will be ripe for a final shakeout if we don't rally strongly and soon.

Now when GBTC actually starts trading there should be a nice pump, probably to bring us out of $200s.

 

[presence]

 

[presence]

Still subclass three. Red Dragon. Run away.

+/- thresholds, there are only three reasons I choose to buy a Red Dragon:

12hMA2 < 75% of 12hMA55 "Purgatory"

low < 65% of 12h55 "Bloody Waterfall"

(12hMA2 or resistance) > (12hMA90 or 12hMA150) "Honey"



--------------

MA55 is currently 248; Honey Badger is looking for MA2 at 186 (75%) or a low at 160 (65%) to buy a bottom.

The min of MA90 an MA150 is currently 250; +/- that would be the immediate Honey stop loss of shares.

"Resistance" is generally slow moving and is currently $30 below min of MA90 or MA150; so its not currently a factor.



-------

My best guess is a purgatory buy, a week+ out, in the mid 180's

I was mistaken there, looking at the wrong line on the chart for "Resistance"

Price just crossed above resistance. Honey Badger just bought



Last sold 242, just bought 225

 

[presence]

Still subclass three. Red Dragon. Run away.

+/- thresholds, there are only three reasons I choose to buy a Red Dragon:

12hMA2 < 75% of 12hMA55 "Purgatory"

low < 65% of 12h55 "Bloody Waterfall"

(12hMA2 or resistance) > (12hMA90 or 12hMA150) "Honey"



--------------

MA55 is currently 248; Honey Badger is looking for MA2 at 186 (75%) or a low at 160 (65%) to buy a bottom.

The min of MA90 an MA150 is currently 250; +/- that would be the immediate Honey stop loss of shares.

"Resistance" is generally slow moving and is currently $30 below min of MA90 or MA150; so its not currently a factor.



-------

My best guess is a purgatory buy, a week+ out, in the mid 180's

Ok so there was one other reason to buy a red dragon; slope of MA150 turns positive during a Red Dragon:

If MA150 turns positive while MA2 > MA90; that's a Honey Buy; Mode 4, Subclass 4
If MA150 turns positive while MA2 < MA90; that's a Crypto Long Buy; Mode 1, Subclass 1

In this case its Crypto Long, which includes... in this case... a 2 day "panic hold" to override short trading on non "Dragon Class Unlimited" Decisions.

+/- MA150 would have to turn back to negative slope to rebuy in the next 2 days.

Quite a bit of nested logic went into making this decision; in the end, Honey Badger holds crypto long when MA150 on 12h is positive... end of story... well... unless unless unless.... but that's another tale for another day

[2015-04-16 10:00:00] ma2 222.5875
[2015-04-16 10:00:00] ma3 221.8385
[2015-04-16 10:00:00] ma30 239.1749
[2015-04-16 10:00:00] ma55 244.0661
[2015-04-16 10:00:00] ma60 245.9974
[2015-04-16 10:00:00] ma90 257.0397
[2015-04-16 10:00:00] ma150 246.4430
[2015-04-16 10:00:00] maslope2 2.0220
[2015-04-16 10:00:00] maslope3 2.6319
[2015-04-16 10:00:00] maslope30 -0.5377
[2015-04-16 10:00:00] maslope55 -0.6072
[2015-04-16 10:00:00] maslope60 -1.0484
[2015-04-16 10:00:00] maslope90 -0.2398
[2015-04-16 10:00:00] maslope150 0.0074

Last sold 242, just bought 225 7.5% gain in coins.

[2014-12-11 08:00:00] 1418300000
[2014-12-11 08:00:00]  SELL: 1.00 BTC (at 349.00 USD)
[2014-12-18 18:00:00] 1429146000
[2014-12-18 18:00:00]  BUY: 1.11635256 BTC (at 312.00 USD)
[2014-12-21 20:00:00] 1427842800
[2014-12-21 20:00:00]  SELL: 1.11411985 BTC (at 322.00 USD)
[2015-01-13 22:00:00] 1427256000
[2015-01-13 22:00:00]  BUY: 1.74648341 BTC (at 205.00 USD)
[2015-01-25 12:00:00] 1426996800
[2015-01-25 12:00:00]  SELL: 1.74299044 BTC (at 249.00 USD)
[2015-02-14 20:00:00] 1424350400
[2015-02-14 20:00:00]  BUY: 1.69857494 BTC (at 255.00 USD)
[2015-02-16 00:00:00] 1424056000
[2015-02-16 00:00:00]  SELL: 1.69517779 BTC (at 230.00 USD)
[2015-02-19 08:00:00] 1423958400
[2015-02-19 08:00:00]  BUY: 1.62807996 BTC (at 239.00 USD)
[2015-03-22 01:00:00] 1422200800
[2015-03-22 01:00:00]  SELL: 1.6248238 BTC (at 267.00 USD)
[2015-03-25 01:00:00] 1421200000
[2015-03-25 01:00:00]  BUY: 1.7528757 BTC (at 247.00 USD)
[2015-03-31 21:00:00] 1419206400
[2015-03-31 21:00:00]  SELL: 1.74936995 BTC (at 242.00 USD)
[2015-04-15 23:00:00] 1418936800
[2015-04-15 23:00:00]  BUY: 1.87778148 BTC (at 225.00 USD)
[2015-04-15 23:00:00] ***********************************
[2015-04-15 23:00:00] start date: 2014-12-10 05:00:00
[2015-04-15 23:00:00] start BTC value: 1.00
[2015-04-15 23:00:00] start USD value: 346.00
[2015-04-15 23:00:00] end BTC value: 1.87
[2015-04-15 23:00:00] end USD value: 419.78
[2015-04-15 23:00:00] trades 12
[2015-04-15 23:00:00] days 127.00
[2015-04-15 23:00:00] frequency 10.58 days/trade
[2015-04-15 23:00:00] ROI_assets 1.87X
[2015-04-15 23:00:00] ROI_currency 1.21X
[2015-04-15 23:00:00] ROI_BNH 0.65X
[2015-04-15 23:00:00] ELAPSED TIME: 25.8 sec
[2015-04-15 23:00:00] MAX DD......: -23.56 pct
[2015-04-15 23:00:00] MAX BNH DD..: -52.96 pct
[2015-04-15 23:00:00] >> [B]Starting portfolio:[/B]
[2015-04-15 23:00:00] >> [1.00 BTC]
[2015-04-15 23:00:00] >> [B]Closing portfolio:[/B]
[2015-04-15 23:00:00] >> [0.00000148 USD, 1.87402592 BTC]
[2015-04-15 23:00:00] >> [B]Profit:[/B] 73.78180756 USD (estimated)

 

[PaulConventionWV]

Got in at $217-218. Locked in profit by placing stops at $219 just below current breakout level. Hopefully we'll see $260s soon.

 

[BUTSRSLY]

I can't help but feel the gravity of the 63.32 to 102 support; That would put us at 178

I ALSO AM A RELIGIOUS MAN

 

[presence]

I ALSO AM A RELIGIOUS MAN

perspicacious

 

[presence]

Do you think we trend upwards from here?

----------------------------------

"crypto long" subclass more or less means that honey badger has no opinion on the matter. The entire premise of the badger is to find effective places to short BTC for limited times under the assumption that you otherwise hold long. Its currently in "default" mode... hold crypto long. It didn't buy for any specific reason; there is no overtly bullish sentiment; moreso all good reasons to get "moar coinz short" are simply null.


This said, the April 2013 bubble in a sense BEGAN with crypto long buys on both 11/2/2012 and 11/15/2012 as MA150 was +/- 0 slope.

 

[FSP-Rebel]

28k+ shorts going and swap rates are a pittance, go figure.

 

[FSP-Rebel]

If GBTC starts trading on Monday, we could be in for a pump later on tomorrow evening. Just speculating of course.

 

[presence]

Honey Badger Folded again last night at 222.

The slope of SMA150 on 12h is the deciding factor at the moment; its hovering at +/- zero.

 

[FSP-Rebel]

Honey Badger Folded again last night at 222.

The slope of SMA150 on 12h is the deciding factor at the moment; its hovering at +/- zero.

I'm just wondering how certain things are affected by unknown events that can and will be occurring down the line, including these ETFs creating demand and whatever else. I'm proceeding with caution in my small time trading approach while the rest is locked away.

 

[presence]

I'm just wondering how certain things are affected by unknown events that can and will be occurring down the line, including these ETFs creating demand and whatever else. I'm proceeding with caution in my small time trading approach while the rest is locked away.

The Market Discounts Everything



A major criticism of technical analysis is that it only considers price movement, ignoring the fundamental factors of the company. However, technical analysis assumes that, at any given time, a stock's price reflects everything that has or could affect the company - including fundamental factors. Technical analysts believe that the company's fundamentals, along with broader economic factors and market psychology, are all priced into the stock, removing the need to actually consider these factors separately. This only leaves the analysis of price movement, which technical theory views as a product of the supply and demand for a particular stock in the market.