We have seen a relatively sideways market for a while now. As a trader I need to trade the market being presented to me rather than the market I want to see. This is why I have adjusted some of my targeting methods over the last week. Small profits are still profits.
I hope this helps
It's very easy for us to get caught up in the short term charts when the weekly chart reveals the prevailing trend with far less distraction. Something not seen since 2016 has been confirmed in the last 48 hours - a death cross between the 20 and 50 EMA on the weekly chart. This should be considered incredibly bearish , not only for Bítcoin, but also for the key...
I like this trade. Too many consecutive red days. That news that Blackrock was entering crypto was too significant for the price to fall so steadily without some kind of small rebound at least. This uptick is clearly a new trend, so I start the fib line on July 16th, and bitcoin has followed fibonacci accurately in the past. If the trend fully retraces, like...
I have been day-trading almost every single day since late 2016, Overall I'm long my dream buy is 1,800 - 2,000
Everbody thinks that we are out of the woods, I am betting against that. Just another lower high, didn't even come close to 10k, watch out for old-key support/resistance levels on ALL coins. I like to check big moves and pair it up with bitcoins...
It looks like BTC is wedging up (teal triangle) after it broke out of the symmetrical triangle. Rising wedges are trend reversals, and are more valid in uptrends. BTC looks to have also double topped (1,2) which is also signaling a reversal.
We are also seeing positive momentum drying up on the MACD and RSI oscillators:
Buyers are getting exhausted, and...
Ripple XRP to the tethered USD is forming a nice sharp downward sloping bull flag in a uptrend. A downward sloping bull flag indicates seller exhaustion, making the bullish pattern even stronger. And when this occurs in an uptrend, the bull case is even more valid. To further drive my point home, XRP is wicking off of the 20-day moving average on the daily chart,...
Market is down everywhere. BTC is headed to 6K and maybe lower, ETH headed to $500 and maybe even lower, XRP is bound to test $0.57 and maybe lower...
No EMA support underneath these top three coins now so only trend lines and market sentiment are left. Trend lines are bearish and market sentiment? I will let you decide.
Sometimes, only really good news and...
Volume bar looking like its going to be another green, trend following fibonacci, touched 254, had some selling, could break through next time, looking to at break 229
Currently valued at 17 million, but the company isn't pulling a profit. The "record" increase in sales was marginal. The bitcoin announcement is what is fueling this sudden increase, but they only apply for $500 000 limit, which only adds 2.5% to their revenue stream. They only have 2 stores...
You can see the momentum increase follows the fibonacci perfectly,...
Vancouver cryptocurrency mining company DMG Blockchain Solutions Inc. has raised new capital with the recent announcement of a completion of a $28 million funding round. The financing will help DMG establish its bitcoin mining and mining-as-a-service operations within the newly emergent field of blockchain tech.
Led by investment dealers Canaccord Genuity Corp....
This market is filled with unsophisticated traders, with people who are way over leveraged. When this thing starts to really tank, people are going to start looking at their life savings and panic. Too many coins now. Before we only had ether and litecoin, now we have thousands. People will start to worry that bitcoin is just a prototype and lose faith the...
