This analyse is ANTI FOMO/FUD, this ananalyse is realistic. I hear stories from KASPA believers that Kaspa will defeat Bitcoin, that it will only go UP. we heard those stories million times with other projects, just to mention Luna, Solana, matic, FTT and so many more. what did they ALL HAVE IN COMMON? they ALL DUMPED.
So now, i look at kaspa, i see LOW volume, i see overbought RSI, i see bearish divergence, i see more than 30,000% price increase, i see almost 1 year of uptrend, this is all SIGNS of exhaustion and signs of TREND REVERSAL. nothing goes UP forever, when you see indicators flashing ALERTS, its time to LEAVE.
i predict with GOOD market condition and stable BTC, kaspa MAY STILL go to around 0,055 or 0,08 MAX.
Short opened around 0,051 (ATTENTION: price can still go higher, but i will ADD to my short position)
Stop-loss at 0,081 Take-profit at: 0,034, 0,026, 0,013
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Guys, EVERYTHING is going according plan. Now we need PATIENCE.
remember. in trading world, patience is KEY.
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Until now things are going good.. remember: patience is key.
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Trade is still open, first target almost reached which is 0,034.
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I can see that Kaspa has created a Head and shoulder pattern which gives us the target at 0,032. interesting.
ps. my trade is still open..
Trade closed: target reached
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This trade was very succesfull and i have reached my take-rofit target of 0,032. Head and shoulder pattern played out very good. I do believe that kaspa can correct to 0,022 and after that maybe uptrend will come again.
You absolutely know your stuff! We do trust you here , thank you so much for sharing with us!!
realmadrid2015b15
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@SwallowPremium, Thank you for your beautiful comment. Remember: its all about PROBABILITES, and sometimes we can be mistaken. But right now things are going good :).
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go and take a look at coinpaprika chart and you will see that the volume is much higher now
realmadrid2015b15
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@mageve09, dont look at 1 exchange, look the TOTAL. on coinmarket you can see the TOTAl, you can see volume keep dropping (bearish sign)
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@realmadrid2015b15 coinpaprika is not an exchange, it is an api tool connected to all the echanges of a tradingpair. like coingecko or coinmarketcap
realmadrid2015b15
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@mageve09, hallo, thanks for explaining, i looked at the VOLUME, but it also shows low volume..
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@realmadrid2015b15 higher volume now then last ath at 0.042. so for me it indicates a more bullish scenario. we will not go down -70% as last time. We are beginning to rise now, next stop will be 0.045
realmadrid2015b15
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@mageve09, My friend, dont be so optimistic, remember, Kaspa is already more than 28,000% UP. so,, downtrend is more probable than uptrend.
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@realmadrid2015b15 this is maybe true, nobody knows the future, but I like to take big risk