There are a few things to watch out for one being that the stoch rsi is at its peak as well as the cloud breakout has not closed above the cloud so actually wouldn't be considered a kumo breakout until it closes above the cloud. I look for an entry on the .618 fib retracement at 690sat which is on the chart attached. We are seeing good vol on this leg up so I would say that is an indication that we should see prices higher in the near future.
Here are some smaller time frame s broken down which you can see on the hourly we have broken resistance lines on price rsi and mac d. and looks like we are bouncing off old resistance which is now support if this breakout holds up
Adt is one of the coins that I have always liked and I believe it has a decent shot a being a good long term hold. But as you can see it has been in a long term down trend every since its run up back as btc was running to 5k and all the newer coins for ex neo, omg, qtum, iota, adx, san, mco. And I just realized as I was typing these names and trying to remember which ones ran up at that time currently qtum iota san mco and adt are all pushing higher as we speak. Strange ? coincidence? I think not... this market is very cyclical and trying to understand these cycles is very beneficial in my opinion. With that being said does anyone have any information about market cycles? trying to do more studying and understaning how to trade them. Any information about how to analyze them or websitesI could look for information about market cycles or sector correlation would be greatly appreciated. I am also wondering if there are any indicators that help identify cycles or can help me trade market cycles better.
I have started a telegram chat for now cryptotradersworldwide come check it out! I will post a few charts a day and help anyone with questions.
The invite link is t.me/joinchat/AAAAAENkygrRPnKErcOqgQ
The point of the telegram chat is to offer a platform for a group of people or even a few people to help one another make better decisions in the cryptocurrency market.I recently became a full time trader and don't have much in network or social exposure to not only talk with on a day to day basis but also to help teach each other.I didn't really expect to be a full time trader at this point but in my opinion and my situation it was now or never. So below i put addresses for dontations and its purely just to try to pay it forward if ive ever helped you with a chart or if you just wanna help a struggling single dad stay a trader. and nsjehy f fo
Recently lost my job and was trading crypto very seriously since April. I spent approx. 40-80 hours a week learning, reading and analyzing charts.
I wanted to have a larger account and be more financially stable before taking this kind of pressure on but i also know that sometimes you got to just go for it!
I had two choices to either continue to look for a new job and eventually get one and go back to part time trading which is much harder because when your not available
you miss a lot of what is going on as well as you tend to chase or get emotionally upset because your right but because of timing your wrong.
So i took the step and am fully committed to trading full time.
I also wanna find another market to trade because in the long run this market wont always be this good and if I'm doing this for income I always have to be a step ahead.
A few things I've learned about trading so far:
Timing is far more important than being right.
Good entries and exits can be far more profitable than just being on the right side of a trade.
your opinion doesn't matter but you also have to use common sense when it comes to making decisions.
Majority of times you have to go against what everyone else is doing and everywhere you look for help is gonna say your wrong.
A strategy and plan is far more important than making money.
Thanks again
AJ Smith
Donations always greatly appreciated and really help me as I take this journey as a full time trader.
Always willing to help anyone with any trading ideas or ?s.
I don't expect anything so don't feel I need something from you in order for up to talk or for me to help in anyway i can!!!
I learn a lot from just helping others! :)
Eth 0x5aaEE6AcbF21357F9Fe0672C5eAbA4196aA99651
Btc 49a99f6d-ea4b-4b94-82ae-0eb2e3928998
Looking to also start a signal group as well if people are interested but i would need to see and interest in ppl willing because it does take a lot of time.
If you havent purchased btc or are going to purchase btc and use coinbase or are looking for a place coinbase is quickest and easiest place to not only buy btc,
but also ltc and eth! If you use this link we both get $5 free btc if you use the link. Also if you need help or dont know how to access coinbase or the app i can help you get all set up.
coinbase.com/join/591cd3497e4844b5408955c1