The price could not stay above 4000.00 resistance level and drop below it. Now SMA200 holds the market. Using the previous highs we can draw a trend line which will act as a resistance. If the market moves upward, the price will have to break this trend line for confirmation of the strength of buyers.
But it looks like the market is going to continue the falling. DMI is bearish and ADX line tells us about the strength of sellers.
RSI is overbought and probably we will see a reversal from the support level. MACD histogram also supports a possible upward movement. But this upward movement can be short term with a target at the downtrend line. The price action at the downtrend line will tell us about further market movements. As sellers have power, we should be ready to get a reversal from the downtrend line and breaking below SMA200.
If so, the market will be able to continue the falling and reach the support zone between 3700.00 and 3650.00 levels. Reversal signals from this zone should be used for buying for short and medium term.
For confirmation the uptrend, the price will have to break the downtrend line and move above 4000.00 resistance level. But for this, the market will need fundamental news supporting this movement.
And what do you think about the further market movements? Please, share your ideas below this post! Also, I will be grateful, if you support my work by clicking LIKE button.
@CrissCristofer, because it's discussion - where people share their thoughts and discuss something)
BorisPoff
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@CrissCristofer, because replies count as Likes for count purposes. He doesn’t really want a “discussion”. What he wants is to keep selling his bot. In order to do that he posts content and solicits comments keeping his posts as high as possible on TV.
Effectively he is selling a product and expects a return on investment. He is in competition with other top posters. That’s why he shows his fangs against top posters, most recently even making a title against Magic.
In reality his content is pretty bland and he achieves top results through frequent updates analyzing effectively noise. When more interesting and entertaining posters are present, like today @MagicPoopCannon made his update, he is sitting in the middle of the pack.
When someone criticizes his posts he most certainly doesn’t welcome a discussion. He asks the poster “show me your analysis” and then tries to make fun of such a commenter. It’s equivalent to you coming to a grocery store and complaining about sour grapes to the store owner - store owner is telling you, show me your grapes, stupid buyer. He continues to sell sour grapes and as long as there’s no other sellers of better TA during slow season, he will sell enough sour grapes.
So no, he doesn’t want a discussion. He wants to sell his product and employs various techniques, including the promise of Free stuff and building something BIG together. Best solution is to not buy sour grapes, realize there’s no free stuff and that he is not a crypto enthusiast (by his own admission). In summary, ignore. There is better content but you need to wait a bit and look around.
Best posters I found here are @PRO_Indicators, @goldbug1, @MarcPMarkets. You don’t see them here often these days simply because there’s little to analyze in the current market conditions.
I can't confirm your views. I use the services from Tradunity since the end of 2018 and I have been very happy so far.
About the robot and the copy service: I am in profit, true profit. Not this book profit I had end of 2017/beginning of 2018 with crypto I didn't relise because I got too greedy and had no idea of markets these days. Actually, with crypto, I am a hurtful % down since months now. I am happy I can read and discuss TAs with people like @DLavrov of @zerocashcool so I can get a better overview over the market as I don't have time of getting all the knowledge by myself. This helps me TREMENDOUSLY not making more mistakes in the crypto market.
Also, I feel obliged to tell you that the team of Tradunity especially Dmitriy is indeed working very hard to build something big with Tradunity. I must know, as I have been very active the last few months in this community and I have to say the team and community is very, very helpful and active. I don't know where I found such a cool community before. For sure not in the crypto space! (when M00N? H0DL..)
Tradunity is also very transparent with it's Trading Performance. You can just go to their website and download the spreadsheets with all their trades (gets updated when all orders of a month are closed, until you're a member, then you get it updated twice a week) or you can check their Myfxbook for their services' performance which I addinionally can personally confirm as I use them too.
Or, you can just check out the new free Discord when you have questions or concerns.
I never saw Dmitriy making fun of a commenter. This claim seems a bit like a lubricate campaign against him. If you don't agree: Prove me wrong, I beg you.
I hope this clears things up.
zerocashcool
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@nico14, and exactly like you I'm making money on Tradunity. I'm running copy trading and a robot 24/7 365 to make me money hand-free. What a crime! How terrible for me! Also, if you can't bother to go to his website and actually look at the entire trade spreadsheet which accounts for 100% of Tradunity's trades, your opinion is just blah. Dmitriy is 100% transparent. Blah blah blah blah blah. A few things:
1) I'm a student of trading and I'm becoming a better trading thanks to Dmitriy's mentorship.
2) I'm making money using Dmitriy's robots.
3) I've read the spreadsheets.
4) Opinions not backed by fact are hot air and I have little respect for people blah blah blah without content.
Blah blah blah angry people with no logic or time to research facts.
Blah blah Dmitriy blah blah. Regards, new TradingView member with 3 reputation. Laughs out loud.
zerocashcool
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@BorisPoff, you have a reputation of 67. Maybe your opinion is less validated that Dmitriy's with 261K reputation. Did you just wake up to the world of trading on the wrong side of the bed?
BorisPoff
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@zerocashcool, on Feb 26 you write: “I can tell you first hand that he is a rare and trustworthy, kind and humble, honest and beautiful man”, referring to Dmitriy.
On March 22, your beautiful man punches another poster here with: “If you clicked on this post expecting to read my review for the master of the charts, the professor, the legend, the king - probably you will be disappointed.“ Both myself and other people tell Lavrov in comments section to refrain from attacking other people and focus on analysis. Lavrov laughs it off - when he is the one punching it’s pure innocence and good fun.
On March 26 both Lavrov and Magic make posts about same time. As of this moment Magic has 247 likes while the other has 57. This clearly demonstrates why Dmitriy resorts to attacks on Magic, because very simply put, Magic>Lavrov.
On March 27, you try to use appeal to authority technique on me to prove your point (67 likes vs 261K likes). Very shortly after that both you and another poster start advertising a private trade group led by Dmitriy. Specifically, you say:
“I'm making money on Tradunity. I'm running copy trading and a robot 24/7 365 to make me money hand-free. What a crime!”
When I click on Discord link, invitation comes from you, @zerocashcool.
Now, these are not opinions, these are facts. I could now offer you my opinions on this interesting collection of facts employing massive number of exclamation points and smiley faces but I will refrain from that. That’s all.
nico14
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@BorisPoff, of course the Discord invitation comes from @zerocashcool , he mainly helped Tradunity creating the discord. LOL, where is your point anyway?
zerocashcool
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@BorisPoff, I'm ecstatic that you think one trader is better than another. Pokemon is fun too, just a tip.