1.0 THE DCI30 CRYPTO INDEX LEVEL TODAY: circa 8:15am pdt today
This post is continually updated, hit refresh and look below the ======> Line for updates, (or not).
DCI30 Index Notes:
The DCI30 Crypto Index was begun 04/07/2022, to serve traders who seek an accurate, reliable, and transparent index of the CryptoMarket, details here:
Markets are essentially directionless here and operating in tight range...THIS is the very best scalp environment-as all we are doing is bouncing sideways, waiting for something to happen. :) That allows large sizing, and short energetic scalps. My favorite.
=======> Do be sure to give this a read (as we have now gotten the noted crossover):
This pattern is consolidating now, (the outcome of this form of consolidation is generally down).
If you are an active or learning trader, I strongly recommend you read recent posts and their updates, as day to day I do not repeat important post items, only slather on new data as I find it. :)
There is a free treasure trove of information here, stuff you will find nowhere else, (original content):
https://www.reddit.com/r/DorothysDirtyDitch/comments/qrr32h/welcome_all_yee_broad_sword_scalpers/
Good Luck! :)
2.0 UPDATES FOLLOW, (trades I make are in comments section-posted when time permits):
3.0 BITCOIN TRADE DIRTY DITCH DATA DUMP:
HEADS UP!: BTC Tide Turned Negative 08/22/2022 & now Day Pattern Has Emerged Seeking 2022 ATL
1m DDT Scalp Chart circa 8:30am pdt, (refresh via TV chart link below).
CHART LINK: https://www.tradingview.com/chart/JGCVVxmD/
Note 1: I have added scalp & swing trade areas, and will make this one chart a regular posting feature. To see all areas and trade channels clearly, use the chart link and zoom out to other time views.
I trade right off this chart 24/7, and if you review the DDT lessons posted here:
https://www.reddit.com/r/DorothysDirtyDitch/comments/qrr32h/welcome_all_yee_broad_sword_scalpers/
.....you can too. :)
3.1 Trade Data From Other Providers:
TRADINGVIEW: https://www.tradingview.com/symbols/BTCUSDT/technicals/
Well THIS is not often so clear! 3 Cherries on the TV 5m slot machine today.
BARCHART: https://www.barchart.com/crypto/quotes/%5EBTCUSD/opinion
4.0 ATOM TRADE DIRTY DITCH DATA DUMP:
HEADS UP!: ATOM Tide Turned Positive 09/08/2022
1m DDT Scalp Chart circa 8:41am pdt, (refresh via TV chart link below).
CHART LINK: https://www.tradingview.com/chart/uBhajWDE/
If you need short to balance a long book (ETH Merge Narrative Trade, etc)-ATOM is working very well for that along the SharkLine. Especially north of 14.00. It's June-ish low was in the 5's, and its recent highs in the 13's. Great short range to work here-but beware the massive pumps on this coin.
4.1 Trade Data From Other Providers:
TRADINGVIEW: https://www.tradingview.com/symbols/ATOMUSDT/technicals/
Buy at 13.90? No. That is well over the SharkLine here.
BARCHART: https://www.barchart.com/crypto/quotes/%5EATOMUSD/opinion
So many ways of looking at the same damn thing. ;/
6.0 THOUGHTS FOR THE DAY:
8.0 DDT S&P PROJECTIONS FOR NEXT TRADING DAY, (produced at market close each day) :
CALL WAS:
"open down on micro2, reseek micro1 quickly thereafter.....longs may run all night into market open....shorts take care and apply patience. BTC to 19.8k would be zero surprise. "
CHART LINK: https://www.tradingview.com/chart/wWZmC4zZ/
9.0 CORRELATIONS:
CHART LINK: https://www.tradingview.com/chart/jYBlpfbm/
10.0 HOW I AM TRADING THIS MARKET:
(market is on the left, that's me on the right)
- The SharkLine Process is Bear Market Trading Setup #1 -
Note: at 9:58am pdt, the ball has bounced on the upper step back into the SharkLine, so you would be exiting long here---and seeking short reversal entries (ATOM!). I am very confident of the 'down from here' set up-yet wary of narrative pump on the ETH Merge sillies (I want to capture that short op), and looking for a squeeze play to mean revert up before we head further down.
At present, the BTC up is 19.5k zone), the down is 18.7k zone. Overshoots will occur as the "new" chaos gets digested from PowWowWowWow. That is an $800. bounce range-and that is what I am working. Trading 1 BTC, that is $800. per bounce max, and $1600. per full cycle. Scalps are designed to take a bite out of that range at frequent high reliability-50% of range or so is a good scalp target. But remember, this is always changing, so use TA and keep adjusting for the changes....as that price data comes in.
11.0 HOW TO THINK ABOUT MARKETS, TO STAY SHARP: (boilerplate-skip if you've read)
I do not like the rubbery terms "bear market" or bull market". I think they cause analysis bias and vision failure. I use the terms "RIA" and "RINA" for that reason:
RIA: Risk IS (generally) Acceptable
RINA: Risk IS NOT (generally) Acceptable
Regardless of what the silly sediment meters depict, I see this as a very clear RINA Market Environ.
I post reams of 3rd party generated DATA support for my view assessment (and any good stuff I find that is contrary to same). I do not suffer narrative influence or confirmation bias courtesy of SKYNET's Pre$$ Dept. If you want a market bed time story to feel good about (SHIB to the moon, or whatever), you will not get that here. :)
12.0 MISCELLANEOUS COMPELLING DATA SECTION:
Be sure you have read this (saying it twice here): https://www.reddit.com/r/DorothysDirtyDitch/comments/x3qvu9/heads_up_btc_down_rhyme_pattern_spotted_09012022/
MEME Crap Canary In This Coalmine. NFTs to save its day now. Get real!
ON THAT ETHERIUM HOEDOWN:
Agreed. I boldly *cough* rate this a non event.
HERE COMES DA JUDGE:
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