Bitcoin's daily uptrend is at risk. BTC price has fallen down below trendline support, and is currently holding above the $46,000 to $43,000 support range. Bullish scenario: -BTC price finds and holds support above $43,000. Then bounces up to set a lower-high in the daily price trend. -Resistances above: $47379, $50000, $53034, $55000, $60000. Bearish...
The Securities and Exchange Commission has extended the deadlines for four Bitcoin ETFs. The Commission cited the need for additional time to “take action on the proposed rule change.” Cryptocurrency proponents remain hopeful for the approval of a US Bitcoin ETF in the near future. Exercising its statutory powers, the SEC has extended the time frame for revealing...
Yesterday i saw this coin getting pumped, unfortunately i was to late and i didnt wanna risk to get in high so i waited for a pullback. If the pullback didnt happen i won't enter and forget about it but today the pullback happend!! Before i enter i wanna make sure that bitcoin wont fall down so im waiting for bitcoin to make a little leg down and a confirmation...
Negative Parabolic Growth. Yes, parabolic growth can be negative. growth rate is negative and the Rate of Decline is increasing! This phenomenon was identified previously in context to the negative costs of carry associated with inverse ETFs and in particularly inverse VIX ETFs. The old trading saying goes like: " never short a null market!", and the case of...
Parabolic Growth - A Quick Note Positives parabolic growth rates occur when both Growth is positive , and the Rate of Change is also increasing - the 2nd derivative is increasing in calculus terms. Obviously, the rate of geometric growth can only increase so far, otherwise price change would increase infinitely! Parabolic growth on daily charts and lower...
Just want to share with you my idea. If you read my past post I'm in "safe area" because market is really extend. For a quick reference I've crossed 3 graphs : Sp500 | Oil | Natural Gas Let's compare 2018 with today. I strongly believe that 2018 is only a "small version" of the 2020-2021 Economical LunaParKovid Frenzy. I was really surprise to discover...
☝🏻 BEL is a token that has always made us happy and has met TP levels on several setups. In addition to our open middle-term trade, I really like this long-term opportunity that the chart offers. It is more than 1200% apart from its highest real high on a BTC pair, and the overall concept indicates the possibility of attacking at least half of this...
"The history of Bitcoin trading is a bubble, a correction, consolidation, and another increase." Barry Silbert
All commentary on chart. Sentiment + positioning analysis
We experienced a massive dump/correction couple days ago. This was expected as Bitcoin pump to 52k very quickly. We might see an impulse then another correction (may be more) before BTC turn bullish. I have broken into different zones according to supply and demand based on fear and greed - Buy zone (Support) - This is a zone where there is high fear where...
Hey yall. I just wanted to point out that the point of greatest fear/ capitulation is also the point of greatest opportunity. $LINK isn't doing anything flashy right now, and people are getting very impatient and fomoing hard over the NFT craze. I've been saying this the entire time.... but $LINK isn't for us prospective investors. It's not even a blockchain......
In big ascending channel. Breakout to upside from this channel would be really bullish sign and lead to parabolic upside action. But if this resistance line holds, we could see retest of support line of this channel. Ascending channel is BEARISH figure and have more chance to break down, sooner or later...Inside of this channel we can see smaller rising wedge...
A strong wake up from the US has seen a push back into this ascending triangle. Whilst it looks positive right now I am still not fully sold that we aren't going to test some lower regions - again I still think $43k is a target here. Holding above $46.6k will be a start - although still another trendline to break that is struggling to break. We will meet...
On a lower time frame , it seems like Bitcoin is doing the same thing as at 55-65k level. Potential Wickoff accumulation mindset.
Good day everyone, this is my second psychology method. Today we are learning about FOMO. FOMO is another word for Fear of missing out. This means a couple of things in the mind of trader. "Oh my god, it keeps going up." "I am going to miss it" "Fudge it, all in" "I can make a lot of money if I go in." "It is going to the MOON!" When this comes to mind...
Ponzi Pogs Collapse. Good job Binance. LMAO Careful..... NOMO FOMO!
As a trader of 4 years, I learned Many things, but the most important thing I learned was being patience. Patience is by far the hardest thing to achieve because from my point of view, I always wanted to be in the market. The excitement, the blood rush, knowing you can make money quick and fast. That was my psychology. This problem is not only me, but many traders...
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