I will short this FOMO (Fear of missing out)... you?
History of Previous Alt Seasons To fully understand the altcoin market cycles, it is necessary to consider in detail the metric of Bitcoin dominance. Indeed, to understand the future, it is essential to study the past. The main sign of the alt season is a drop in the Bitcoin dominance index. For those who may not know, the dominance of Bitcoin is a percentage that...
I don't know ... but i will buy some LTC :)
Identifying reversals using swing points For a swing point low: The first candle makes a low. The second candle makes a lower low. The third candle makes a higher low. This third candle tells us that the sellers have gotten weak and the stock will likely reverse. This is all my own opinion. Please take this information and do your own research.
This is all my own opinion. Please take this information and do your own research.
What Does A Head And Shoulders Pattern Tell You? A head and shoulders pattern is comprised of three component parts: After long bullish trends, the price rises to a peak and subsequently declines to form a trough. The price rises again to form a second high substantially above the initial peak and declines again. The price rises a third time, but only to the...
What does cryptocurrency short position mean? :) A short position is used when you believe that the crypto market is going to be moving DOWN
I will try to long from here ..
The sudden jump in the bitcoin price comes as bitcoin traders and investors are gearing up for the looming May bitcoin halving event, which will see the number of bitcoin rewarded to miners cut by half.
What is a bullish divergence? A bullish divergence is the pattern that occurs when the price falls to lower lows, while the technical indicator reaches higher lows. This would be seen as a sign that market momentum is strengthening, and that the price could soon start to move upward to catch up with the indicator. After a bullish divergence pattern, it is common...
Bitcoin is still hovering at the bottom of its ascending channel?
The key element involves price breaking a major high or low with a very impulsive move. The impulsive move suggests commitment from the institutions pushing price and the fact its occurring at a significant high/low adds weight to the move and price action around it.
These patterns, the symmetrical triangles as well as those on the bullish and bearish side, are known to experience early breakouts that give investors a "head fake." Hold off for a day or two after the breakout and determine whether or not the breakout is for real. Experts tend to look for a one-day closing price above the trendline in a bullish pattern and below...
An inverse head and shoulders pattern is comprised of three component parts: 1. After long bearish trends, the price falls to a trough and subsequently rises to form a peak. 2. The price falls again to form a second trough substantially below the initial low and rises yet again. 3. The price falls for a third time, but only to the level of the first trough,...
Diamond Chart Pattern Definition Adiamond chart formation is a rare chart pattern that looks similar to a head and shoulders pattern with a V-shaped neckline. Diamond chart reversals rarely happen at market bottoms, it most often occurs at major tops and with high-volume. Since diamonds are a variation of head and shoulders tops, you have to resist the desire to...