I only trade just for fun with little money and some rewards from mining and farming. I use BTC for a orientation of the general direction because it is more predictable than the alts. What I learned so far: Everyting is based on beliving. There is no real value for the coins. It can be everything in between zero and infinity. If a critical mass want to sell, it...
Anti-Cardano FUD has been on the rise lately. With chimps having nothing else to do but regret not buying early are now in full action. That being said, the latest 5min red candle dumping 10% is no big worry in my opinion. Massive red candles with unrealistic lower wicks are usually formed by the 'cascading forced liquidation effect caused by aggressive day...
Fundamentally sound company in an uncertain political climate. I'm not going to draw a bunch of lines, because lets be honest this chart broke down in early July ish. This is an amazing long term buying opportunity created by a ton of FUD from recent announcements regarding a tech crackdown by the chinese government. I think the worst is now behind them. Alibabas...
DXY // USDINDEX // USD // DOLLAR Sell Setup Continuation trade: 📰 We have seen a fakeout above 93.400, which has trapped MANY traders last week. I have emphasised many times that fundamentally this won't be long when the dollar resumes its bearishness due to the FED and tapering news. And clearly was brought to light on Friday. 👉🏻 As mentioned that 93.000 was...
UNISWAP // UNI // UNIUSDT UNIUSDT Long Setup 👉🏻 Wedge pattern formed and broken out of, on an ascending trendline, further upside movement if this major resistance is broken and retested.
STELLAR // XLMUSDT // XLM 👉🏻 Buy opportunity upon breakout. All crypto chart analysis are prepared as an idea for your reference
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......
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So this WAS my buy grid until I attempted to enter orders into the system and received a popup window stating that I would exceed some new limit they now have placed on the amount of BTCDOWN an account holder can accumulate. Total BS and apparently they've capped ALLLLL the DOWN tokens to $5K max citing "extreme risk" as their reason for doing so. I could go on a...
Amazon denied claims of accepting #BTC at critical resistance causing a relatively strong dump, although BTC has held surprisingly well - this coupled with that Amazon has followed up officially with they are exploring crypto payments - so there is still hope there/ We have found a strong support at $36.3k and reclaimed $37k although getting back above $37.7k...
Trade Analysis based on Price Action.. With risk management you will never loss money.. Thank you Ridethemacro
This is a refreshingly bullish scenario for BTC - braking back above $30k after a sustained day under it and then straight back above $31k shows Bulls are here to play. $31k is key to hold at the bare minimum here - getting above $32.2k is a very positive sign. It is going to be a rocky road but getting back above $30k was so critical. So much hangs on this...
Crypto's have fallen across the board to new relative lows, smashing strong levels of support all around. Bitcoin is now exception and our prediction of sub $30K BTC is now a reality. The Kovach OBV is quite bearish, and we appear to be getting comfortable in the $20K's. The nearest support level is $28.8K. This level perfectly aligns with inverse Fibonacci...
ANOTHER DAY, MORE UNCERTAINTY Still not confirmation for direction of BTC - continued testing of this critical $31k region. A break down will spell bad news for Bulls and a potential $28k can be seen very quickly. Trading volume is incredibly low for BTC now - currently it is a case of FUD holding back new money, so ultimately we need a big WIN for BTC to...
Yesterday, we published an analysis of Ethereum (see linked idea). We turned to historical data to extrapolate where we may find a min bottom. This article was very well received, so we decided to repeat our analysis on Bitcoin. Everyone knows that the crypto market is particularly susceptible to booms and busts, more so than the traditional markets. The...
Bitcoin has plummeted since the last writing, testing the lower $30K handle as anticipated. We are currently seeing support from $31K, but we appear to be forming a bear wedge or flag as BTC considers breaking $31K. At this point we are due for a relief rally, so don't be fooled if we see a price spike back to $32.3K or perhaps higher. We won't be back to bull...
HOLDING ON WITH FINGERNAILS BTC support is hanging by a thread at the moment, losing $31.1k will very likely see a rapid fall to $30k. Looking at the order books and there is one of the biggest orders I have seen on them for a long time sitting at 3k BTC on $28k. This is a big indication of where the price is going - I do also believe we could be seeing a...
Bitcoin appeared to show some signs of life but the meager rally was quickly batted down. We do seem to have some support at the technical level identified earlier at $32.3K or so. However the Kovach OBV is still bearish indicating strong selling pressure, and suggesting that this rally was nothing but a short covering rally. Bitcoin is quite oversold still,...