#COVID - Smart people who are less tired than me, please comment in chat!
Can we surmise something about what happened on the 19th Feb which resulted in the trajectory of Covid recoveries improving against death rates? Was this when the world became aware, when China went into lockdown?
In contrast, can we surmise anything about the fact the curves are about to recross today? Or can we surmise only that I am damn tired and can't bring my brain to comprehend the chart axes are different and it actually means nothing?
https://www.tradingview.com/x/N5B9Xmyf/
Can we surmise something about what happened on the 19th Feb which resulted in the trajectory of Covid recoveries improving against death rates? Was this when the world became aware, when China went into lockdown?
In contrast, can we surmise anything about the fact the curves are about to recross today? Or can we surmise only that I am damn tired and can't bring my brain to comprehend the chart axes are different and it actually means nothing?
https://www.tradingview.com/x/N5B9Xmyf/
#UPDATES - Premium idea from yesterday, ETH would have been stopped by <$1, but BTC was saved and nailed 6R.
https://www.tradingview.com/x/ZjfRQbhc/
https://www.tradingview.com/x/ZjfRQbhc/
#ETH now hit target too, dang would have been an awesome 9R if not for getting pinged! Wondering now if BTC was holding waiting for ETH to catch up.
I normally avoid any kind of scaremongering when I am not qualified to have an expert opinion. But I've now seen footage of Italian hospitals amongst other media.
This is very real. I am not required to quarantine until I go back to Australia but have been 95% self-isolating for about 10 days now as I am higher risk. Please everyone take care of yourselves and of each other, it is not only about you, but also about the much more at risk and elderly community.
This is very real. I am not required to quarantine until I go back to Australia but have been 95% self-isolating for about 10 days now as I am higher risk. Please everyone take care of yourselves and of each other, it is not only about you, but also about the much more at risk and elderly community.
#BTC UPDATE - Random pump / short squeeze. Eagle eyed people could have taken the short entry you can see on the chart I posted yesterday. Now just need to see if this move can garner any follow up.
https://www.tradingview.com/x/cfJcWzvJ/
https://www.tradingview.com/x/cfJcWzvJ/
#ETH UPDATE - Yesterday slightly overshot my level, this time has undershot although nailed the level below and confluent with my thoughts a couple of posts ago about looking for a rejection at 139-140. As for BTC, need to watch whether this consolidates or continues to reject.
https://www.tradingview.com/x/9HM0ThFX/
https://www.tradingview.com/x/9HM0ThFX/
#COVID - Little bit more analysis here. Italy and Spain the rate of confirmed cases now appears to be decreasing slightly, hopefully as a result of successful isolation measures. I believe the US has had a surge today, so I am unsure if this data reflects that as yet - at this point the growth rate seems constant.
The rate of confirmed total cases is still increasing as is the death rate. Unfortunately I don't have the ability to geographically drill and slice the total data to delve further.
https://www.tradingview.com/x/9Y8Qk5TB/
The rate of confirmed total cases is still increasing as is the death rate. Unfortunately I don't have the ability to geographically drill and slice the total data to delve further.
https://www.tradingview.com/x/9Y8Qk5TB/
India and Australia's cases remain low as a total but growth rate is increasing for both. UK cases are also still relatively low however deaths make up 5% of the total which I believe is comparable to Spain and Italy when their confirmed cases were at similar levels.
https://www.tradingview.com/x/zheueWqB/
https://www.tradingview.com/x/zheueWqB/
Back in Australia, settling in again with jet lag. First lesson learned: don't cook bacon wearing a bikini!
#BTC UPDATE - Sorry for lack of updates - due to a. travelling, organising quarantine and general exhaustion and b. BTC being squished in a range for ages and not doing much exciting other than taking out stops in both directions intermittently.
So my last post we had a good initial rejection but held the 6150 level, broke and held the 6377 level and have crawled sideways since then.
I am not entirely sure there is much point in TA right now since there is so much manipulation - walls pushed the price up from 6150 and there have been stacked buy and sell walls most of the time since then.
We do seem to be pushing more to the up side, although not breaking through with a swing failure on 25th, and HLs. I also thought earlier ltf I may have to flip bias to long as it seemed like we may turn 6775 to support however that has also failed.
My bias remains short and I am watching the rising wedge but it is increasingly hard to tell. Volume has been low and is decreasing which is typical towards the end of a pattern.
https://www.tradingview.com/x/ewKZD8ty/
So my last post we had a good initial rejection but held the 6150 level, broke and held the 6377 level and have crawled sideways since then.
I am not entirely sure there is much point in TA right now since there is so much manipulation - walls pushed the price up from 6150 and there have been stacked buy and sell walls most of the time since then.
We do seem to be pushing more to the up side, although not breaking through with a swing failure on 25th, and HLs. I also thought earlier ltf I may have to flip bias to long as it seemed like we may turn 6775 to support however that has also failed.
My bias remains short and I am watching the rising wedge but it is increasingly hard to tell. Volume has been low and is decreasing which is typical towards the end of a pattern.
https://www.tradingview.com/x/ewKZD8ty/
E.g. Looks like it should drop but there are walls at 6650, 6620, 6600, 6580, 6550, 6500 etc.!
Bitfinex walls get moved in and out frequently. Not entirely sure their purpose. I watched buy walls get sold into on Binance earlier - not sure if this is always true but those weren't spoof.
#BTC UPDATE - So this was yesterday's plan we had in premium after the drop.
For once, I drew a longer tf for it so people weren't expecting imminent drops but then it played out in a few hours anyway, with a wick straight into demand, an attempt to go higher again and then the deeper drop.
The final drop hasn't culminated in anything significant as yet and we are now back in consolidation on the level.
https://www.tradingview.com/x/mKJPpfKD/
For once, I drew a longer tf for it so people weren't expecting imminent drops but then it played out in a few hours anyway, with a wick straight into demand, an attempt to go higher again and then the deeper drop.
The final drop hasn't culminated in anything significant as yet and we are now back in consolidation on the level.
https://www.tradingview.com/x/mKJPpfKD/
#BTC UPDATE - Ok looking again at htf, here's a view of the 3D so you can see where the major levels are coming from. Red 2017 bull wave, black 2018 bear wave, blue 2019 bull wave.
As I've said before I was wondering whether to discard the red due to newer waves since, however I am finding there is still validity so leaving for now.
https://www.tradingview.com/x/f0i1eOO8/
As I've said before I was wondering whether to discard the red due to newer waves since, however I am finding there is still validity so leaving for now.
https://www.tradingview.com/x/f0i1eOO8/