fritbjorn

fritbjorn

After reviewing all correlated assets including POLKADOT, MATIC, and others I have concluded that this circled region is the actual price of VARA once all correlation models settle. This means that at current price VARA is severely oversold based upon not only market structure but correlated asset data. I am not a financial advisor, trade safely my friends.

fritbjorn

VARAUSD dropped a massive 85% after initial pump when listed on Coinbase. We will mark this bottom as correlation point 1 even though as I will demonstrate the market for VARA is out of balance and is due a significant pump. On the left VARA percentages are shown. On the right MATIC percentages are shown. In march notice that from the correlated high (not the...

fritbjorn

As you can see, MATIC is up about 3% when compared to VARA. Statistically speaking, the market owes VARA 3% and this should be fulfilled based upon the correlation link between this assets. At this moment, one could spot a long opportunity in VARA, if one was open to such minor risks. I am not a financial advisor, stay safe my friends.

fritbjorn

VARA and other correlated assets are rangebound. These two order walls which encapsulate the majority of the altcoin price action is all that matters since assets are range bound until either of these order walls dissolve. Some things to note: The upper order wall is being tested more often than the lower order wall. This is bullish however the severity of the...

fritbjorn

As you can see whenever MATIC and VARA prices decended following that last pump the initial difference in price drop from the local high to local low was VARA 12% loss in price and MATIC 10% in price roughly. This morning VARA pumped and has now normalized it's correlation with MATIC having now just under a 10% drop in price on average from the local high to...

fritbjorn

Focusing only on the set of candles inside of the green box. Notice how VARA pumped in the early hours of the morning. At that time however MATIC was in the process of an indecision candle and even signaling a drop in price. Following this little pump MATIC remained flat and VARA quickly began descending down to its corrected average level. I consider this as...

fritbjorn

Confluence is the word of the day. This example is a difficult one especially on the lower time frames because BTC trades 24/7 whilst DXY does not, it closes with the stock market. Thus there are gaps which you are not going to visibly see on this chart. What I have marked for you though, color coded, each movement where BITCOIN moved against DXY. Thus it is...

fritbjorn

If you only trade the VARA chart without understanding how the market is trading within the lines of correlation, you will mistaken one pattern for another. The two market patterns I have circled are both bull flags. The problem is that VARA has a much lower amount of liquidity i.e. standing buy orders to support lower order walls. This causes patterns on this...

fritbjorn Updated 

On this chart is why I do not use lower time frames to make large trade decisions and why I do not set a stop loss based upon this data... MATIC is the chart on the right, we can see clearly that a bear flag that is circled developed into a very tight squeeze pattern. The result of any squeeze is a breakout, and it is honestly 50 /50 chance of going up or down...

fritbjorn

See lower time frame movement prediction as volume picks up. The order wall currently supressing price to the current bear flag is dissolving quickly at the upper level of the micro channel. If demand continues which I believe it will, we will have another retest of $0.035 - $0.045 region of the map where major trapped longs exist.

fritbjorn

As anticipated, price action broke through the middle band of the bollinger bands on the weekly and sadly did not produce a wick. Price action rejected off of the lower band placing us in a range bound movement again. While overall movement is sideways, with two red candles preceding this a green candle is stastically more likely and overnight on Sunday (tonight)...

fritbjorn

SHIB is range bound however movements tend to be fairly large with this asset after it has finished the inital pump. I show 2 possible bullish scenarios with the green lines indicating the most likely direction for the trade with the red dots indicating a take profit, not a short entry. This is because of the eratic nature of this coin price action could break out...

fritbjorn

Fear continues to trap price action within this sideways accumulation range. Sunday evening after the markets reopen USDX will prove either a very bearish pullback when traders sober up from the Fed announcement. Over the past few months, the Federal reserve has lowered rates a few times, each time causing the US dollar to rally against other currencies and...

fritbjorn

See my chart I put comments therein. That WICK that I needed to see is forming on the weekly. I did go ahead and publish a low time frame for the trolls in here who cannot seem to get it through their thick skulls that I am not a day trader. What am I going to do with the pennies you are making. This little channel is an accumulation zone and I am buying here,...

fritbjorn

Since a lot of the trolls here love the lower time frames, here is one for you guys.

fritbjorn

USDX experienced a failed auction at the resistance level just above current price point. There is a likelihood that the dollar will pull back due an increased number of open contracts at this level which are most likely short posititions. This pull back will generate a pump in crypto and risk markets that will last I believe until the dollar touches the next...

fritbjorn

Red dots are short entries. Green dots are long entries. BTC is in a consolidation phase along with most of the crypto market.

fritbjorn

Green line is a large order wall. Green circles are long entries. Red circles are take profit targets.