I'm not in any way qualified to advise people on investing in crypto, but I have been doing it for more than a year now.
I lost a fair amount as BTC crashed, and am now clawing my way back back slowly but surely.
Here is how I lost, and how I am recovering.
Note: This is just unbiased information for those people starting to trade, I hope it will be of some ...
We observe a consolidation period of over a few months.
We construct a hypothetical portfolio of 1 Bitcoin, spread over 10 assets, to judge the relative strength of the altcoinmarket, since January 1st 2019.
Considering we generally want to trade with the overall flows, we refer back to this chart in the following months to judge where we are in the bigger ...
I am seeing EOSBTC preparing for a move, this chart looks a lot better than many of the others top altcoins, which are giving some mixed signals.
For EOSBTC on the 4 hours time frame, we can see a very clear and strong breakout above EMA200 and MA200, which are two strong resistance levels.
There is also bullish divergence forming on the MACD which moved to the ...
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is ...
Broke the neckline on the Inverse head and shoulders but couldn't break the wedge, we are patterns inside bigger patterns, the failed breakout shows more downside to come
Orange - Local Support
Red - Stop Loss
Green - Profit Targets
Declining buying volume
If 6k breaks.. things are looking very bad as this is a place that has so much support..
Two scenarios, buy limit on resistance breakout (as it could be big) or wait for a touch on the trend line with a tight stop below the previous higher low.
Strong consolidation into a rising triangle.
Confirmed volume break off of support line.
Stop below bullish impulse candle and watch for targets at the 1.618 and the 2.618.
Let me know your thoughts and I ...
there's a chart of the top 10 based on coinmarketcap price.
formule : XRPBTC*439.37
BCH is the most expansive one ATM so i based on it
. EOS/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
. There is a possibility of temporary retracement to suggested support zone (0.00062100 to 0.00053970). if so, traders can set orders based on Price ...
EOS/BTC is showing a cup & handle with a technical target of 0.0009
Buy if break the neckline, stop below a swing low.
NOTE: This is not a long trade on EOSUSD, as this will track bitcoin, but a trade on EOS vs BTC which can be traded at some exchanges.
Entries and stops
1. Test of the uptrend line with an exit if price closes under the trend line
2. Break and retest of the first red horizontal. Stop on a close below red horizontal
3. Entry on orange horizontal. Stop loss on a close below 6200
Looking for an SR flip on the first red horizontal.
Purple lines will be trailing stops and upper red horizontals ...
Trading Bias: Short
Technical Strategy: Harmonic Cypher
*Price nearly reached the completion point of the Cypher but missed it by a few pips. If price goes back up to trigger the Cypher then this idea is still valid*