No need for a detailed explanation. This was posted up recently, free content for y’all.
I guess because it didn’t suggest that we might hit $3.5 trillion by Christmas or predict the end of the world, people aren’t interested. But we banked a nice 30% profit so it’s all gravy.
So I think we’ll just take a step back from posting free content and leave it to the...
Stratis - awesome project. Absolutely BATTERED in this bear market. Ouch.
Been respecting this trendline from ATH for a long time now and had 3 strong bounces off it, now attempting another break.
At it’s peak we were seeing $20 +++ for this project and now it’s down at $1.50ish. That’s insane.
Keep an eye out and trade safe.
The Colonel xxx
In case you’ve been hiding under a rock, Power Ledger just won the XTC challenge and has now got business mentoring from Richard Branson, as well as exposure to all his billionaire buddies.
If that’s not enough, they have a working, tested product with backing from some big players and projects up and running around the world. How this hasn’t exploded yet is...
Told you not to.
Now let us tell you the story about the little grey squirrel with the munchies who bought 5 bags of peanut m&m’s and some xtra hot Doritos in exchange for 3 btc because he’s a douche who can’t even see that this market is about to go crazy.
Or he could just be a squirrel without the cognitive capacity to understand blockchain...
After our last post, RDD had a monster move after the breakout from it’s descending trend line and netted the team some very healthy profits. Clearly it had to retrace, which it has, to the 786 fib region.
Now looking for a 3rd wave up targeting around 0.00715947 which will be a tidy little return.
Too volatile and illiquid to trade with tight stops so this is a...
Big month for ReddCoin with a lot happening on their roadmap between now and the new year. In terms of price action, RDD has just broken above a long term downtrend line established from ATH back in early Jan.
1hr closed above, as has 4hr. Will wait to see Daily close above and retest with continuation volume before getting too excited but this is the first...
With an inbox full of messages asking when this bloodbath is going to end, and what people should do - I wanted to see if I can offer some insight as to where I see us in the market right now. To be clear, this is not a prediction or trade advice, my personal opinion only.
From MY perspective:
1) We have this bullish wedge (purple) that has been...
Don’t really see how the news today justified every man and his dog jumping into sell mode again, but as usual it’s not all what it appears to be.
We’ve dropped below all the areas we identified in previous post, and now approaching the bulls last line of defence if the ‘impulsive 1st wave’ retracement argument is to remain intact.
We’ve dropped below the .618...
Breathe. It’s all good.
Impulse wave 1 complete, 5 beautiful waves. Deep wave 2 retrace, shallow wave 4.
Everyone was happy......
Then we needed a retrace, the A came down.... everyone still positive.
The B wave goes back up, and everyone is expecting another big run or something?
Not yet, we need to complete wave C. And now we’re in the midst of wave C,...
“Hey! Remember that time when I was right and you were wrong? And I made money and you didn’t? And bulls are deluded and bears are complete mongtards....”
Shuuuuuutttttt uppppppp! Please. It’s boring.
Play the game. Nobody on Trading View gets it right all the time and nobody has a crystal ball. Trust me on that. And anyone suggesting otherwise should be avoided...
This is a tough market to be in right now, especially for inexperienced traders. My inbox is testament to that right now haha. So I thought I’d write some thoughts (not financial advice) and see if I can help a few of you out if you are struggling.
Let me start by saying this. Bottom hunting is a mugs game. Period. Try it at your peril, but in any asset class,...
We’re in a very clear pattern right now.
Resistance trendline still intact and not been broken.
Support trendline still intact and not been broken.
Until either happens, we’re not going anywhere, and if you’re thinking this will go on for ever and you can’t handle it. Have a cup of tea, zoom out and look at the bigger picture.
Trade safe and enjoy!
The Colonel xxx
As we saw with my post the other day regarding our traditional markets indicators, although not yet confirmed, here’s another crypto heading for a famous golden cross opportunity.
The last 2 times this happened with DGB, we saw huge returns in the coming days and weeks afterwards.
Although moving averages can lag trends heavily, it’s often a better way of...
Anyone who knows anything about traditional markets will tell you that a ‘golden cross’ is a significant event. This is when the 50 day Moving Average crosses over the 200 day MA in a positive fashion and often signals a bullish trend initiation.
The opposite applies when the 50 crosses below the 200 and this is known as a ‘death cross’ and signifies a bearish...
Why are you even reading this?.....
Read the Whitepaper, check the history, check the roadmap, check out the graph and add some wonderful common sense.
If you choose to chuck some bitcorn at this baby and make yourself a load of money then Best of luck to you my friends. If not, be safe and happy regardless. I’m not advising you to do anything, just some free TA...
Following on from our last post, RDD had a beautiful bounce and break from the zone we identified at the time (Yellow circle). We also mentioned that we needed some other things:
- Red trend line break
And the ideal scenario is the golden cross.
We’ve had most of the key ingredients here. And the daily candle had closed above, and retested as support...
Good day to all.
As we saw in a recent post, the trendline that was supporting RDD failed hard with this recent sell off, but has found support in the area I identified.
We have some positive indicators here.
- RSI was very overbought but now reset.
- Very strong buying and long bull wicks on the candles testing the downside which shows there are buyers below...
Reeeeejected! Hard! Off the 50MA.
Retracement of this whole move recently, brings the 0.5 fib retracement / trendline & the 200MA into this cheeky little green zone indicated.
Can it retracement further? Sure.
Is this a likely place for support? Absolutely.
My opinion, despite all the immediate change in sentiment on here and people swinging their brown pants...