The trend is your friend, just make sure to look out for those trend reversals.
Anyone longing this (I.E. Shorting the standard BTC chart) is insane and should hand in their trading licence.
See you on the other side of 5k BTC.
Buying Spot ETH anywhere near a $100 is going to be a good play for the next year.
If you are ever going to enter the Digital Asset Market. This would not be a bad spot. I got in when BTC -5.71% was ~1k and have been playing with profits ever since however I am looking to enter in again with fresh capital as the opportunity presented is just that good.
For the second time in my life, I am using fresh capital to buy some ETH. The first time was May last year when ETH was $90-$100. Have been playing ALTs with profits ever since. However the opportunity here is just too good, R:R is probably the best it's going to be for a while.
Keep it simple and try to avoid group think. Everyone is losing their minds and general market sentiment seems to be at all time lows. Of course every possibility is feasible however in trading we play with the probabilities. And looking at the overall market structure, one can clearly observe an impulse consisting of 5 waves followed by a correction consisting of...
Which do we hit first, Supply or Demand?
124 Day Moving Average Curling up. Bearish sentiment amongst retail investors at and all time high. Shorts are nearing all time high. Alts nearing their end of market cycles and still showing signs of accumulation. I am not calling the end of the Bear Market here but I would not be surprised to see BTC test the 360 Day Moving Average in Q4.
Markets move in cycles. They move how they do and not how they 'should', you need to move with it. Icon (and many more ALTs) seem to be moving into the accumulation phase/cycle since breaking out of the downtrend/markdown phase. I will look to play these new ranges formed and look for breakouts of these ranges over the next few months. In my opinion, trading...
This is the bullish scenario, I have already covered the bearish scenario if we enter the Abyss (Will be looking at the Weekly Moving Averages 50, 100, 200 etc.) Falling wedge is a reversal pattern and it seems we have broken out and successfully retested. Well can't celebrate too early, will wait for the weekly close however the last 7 Daily candles have been...
If you are selling ETH for BTC right now then I would have to ask why? If you want to try and catch the bottom, have fun catching knives. Sure there might be another couple % left to go down, however personally I would start scaling in now.
I find the inverse chart useful in checking against any potential bias which helps me analyse more objectively. Looking at this setup I would expect the div to play out and have a bounce to one of the two levels shown. Of course higher TF trend might still be down (or up on the normal chart) which means this will only be a temporary play.
This is the divergence mentioned in previous Idea and is also apparent on the 4hr Time Frame. Indicators are only part of the story and ultimately Price Action takes precedence. A lot bullish Price Action lately. However to aid in making unbiased/emotional decisions indicators can play a role in looking for entries/exits. I am currently flat and logically expect...
Previous inverse chart seems to have played out as expected and the the price action has respected the Head and Shoulders (Inverse). BTC 4.00% is doing BTC 4.00% things and bull have had their way. Will the bears make an attempt to give the bulls a break or are the bulls only getting started. Chart says it all. Risk management is key.
I would have a hard time convincing myself to go long at this level. (Or short for that matter as this is the inverse BTC chart). Bearish Signs - 6 Month Long Rising Wedge on Declining Volume. - Bearish Divergence on Daily TimeFrame. - Stochastic RSI about to cross on the Daily. - Head and Shoulders Pattern forming on the Daily (Bearish Reversal Formation). -...
This is a simple trend analysis which shows further sideways consolidation is likely, followed by a breakout around August/September (could go either way). I am leaning bullish as I am generally bullish long-term on Crypto and XRP has great fundamentals. I will be accumulating over this period. BTC is leading the market so If that continues the downtrend, XRP will...