XTZ/BTC in a beautiful uptend patten. It is so bullish even BTC and other coins are in the side way or bear market. Sooner or later it will pass the last ATH and keep going up, the odds is favor the upside. If you do want to catch the bus, I will recommend take some profit in the previous high, and leave the rest of the money till it reaches 1.618 Fib level....
XLM used to be one of my favorite altcoins. After it dropped below the key support level, I sold all of it. Until today, I see a huge bullish senerior could possibly build up in the future, I will give the following reasons: 1. Heavy accumulation since 2019. If you look at my volume indicator, you will see people are accumulating during 2019 up until today....
Every time I see people post something like this, I will be cautious. Fake gurus and media likes catch readers eyeball, do they really know the technical analysis before they give the conclusion? I highly double it. Besides that, LINK is one of the best performance altcoins when BTC in the short term bear market. It tells me that LINK is special and different than...
Read my last BTC analysis post if you have time, I basically said, if we can stay above 200 weekly moving average like we did many times before ( last time was 2018), we shall continue to the moon in the rest of 2020. BTC needs to form a solid base structure to continue to move up. You can take a look at Dec.2018 and 2015. No one knows how long it can take, in...
Why Why Why, People are trying to figure out why BTC drops. Is it because of the virus? Financial crisis? Or BTC is just a bubble and another shitcoin? To me , it doesn't matter what cause it to drop, what does matter is how do I profit it through this panic market. You see BTC has survived many bear market so far, if we look at the history, it never drops...
Investing in altcoin market is risky bussiness in my opnion. 90% the coins will end up to 0 in the future, but some of them might give you huge risk-reward. Today I want to mention MATIC, the reason I like this coin is because of the price structure. ( I don't care about the fundmental), the price hold very well as you can see my trendline is pointing up...
If you read my previous LINK/BTC post, you should have made money. Now it has found the support( wait for the candle to close), we will have higher probability to see it keep going up.
BTC was bullish over the last week, we touched the $10,000 mark again. And we close above the previous high and now we are due for a healthy retrace which I think is the last chance to buy the price in discount. Now here is what I am going to play use my profit I made through the past few weeks. I like look at the weekly chart,if BTC close below 9400, I think it...
I made 72% profit from the last rally since Jan.2020 . Today I wake up and see the bullish sign (entry signal) from my chart, confirmation indicators show bullish, if price stay above 20EMA, I will put 1/3 of my position size in it, the rest of it depends on the price action in the next few days. Another bullish sign about LTC is the hidden bullish divergence. I...
LINK/BTC is forming an ascending triangle pattern in the weekly timeframe. I like this altcoin a lot, just look at the overall trend, it is going up for the past 2 years, it is a very strong uptrend pattern, I am bullish.
All my BTC analysis still following my original post and plan. You can simply check out all my previous analysis. Now, I like to look at the long term before dive into the daily chart. The weekly chart prints a very clear uptrend, and if the candle closes above the 9616 levels, the next resistance is the fib 0.618, which might need to take some profits there or...
ENJ/BTC pair shows continuation long trade opportunity in weekly, the price tries is now at the resistance level, and I think it will break out sooner or later. If you go back to the daily chart, both my indicators show bullish entry as well, the risk rewards is very attractive, stop loss at the previous swing low, will take some profit at 1919 level , then 3000 level.
My last LTC/USD long entry went very well, not its the time to enter another long opportunity. Both confirmation indicators agree to enter, volume spikes up, I entered at $59 dollar and you can put your stop loss below the swing low at $50. For me, I am long term swing trader, I don't' put stop loss unless price goes to the other way in the weely timeframe....
If you read my last post about BTC, you know that my entry is 7720 level which coincides with 0.5 fib level, but turns out my indicators show the long signal before it retraces back. I am going to add another 25% of my cash into this position when the daily close. If you are interested, you can take a look at LTC as well, LTC is the leading indicators of BTC, it...
BTC just reached the cycle high recently and now pulling back. The overall sentiment is still bullish for now, you can tell from the Bitmex funding rate, more people are longing than short, that's why I think we have more room to go down. But the higher time frame (weekly and monthly) still shows a positive sign to me, so I am going to start buying dips once price...
Great opportunity for XTZ/BTC long entry. Besides bullish engulfing candle pattern. My C1 and C2 indicators both show the entry signal. price has been closed above 20EMA, the volume is decent. If you look at the weekly chart, the price shows bullish as well.
Well, since my BTC trading plan went as I expected (posted last week), the top 3 coins are all bullish , today I am going to move some of my long term cash into ETH/USD investment. I am focusing on the weekly chart for long term investment. My C1 and C2 Indicators both triggered a long signal. Big green candle close above 10EMA. Volume is going up across the...
With the BTC volatality increasing, trading altcoin could be risky. But if you find some altcoins have potential go up (or down), you can trade it with your own risk management method. Let me share with you the 3 alts I think has opportunity to go up in value in the next few days or weeks. 1. ChainLink weekly shows up trend movement, price now above 20ema, my 2...