This chart is worrisome, and I see a dark future with a bounce to around $16k before a move to $100k. Crypto will beat the optimist out of you. :D This is not financial advice, just an idea I had.
Looking at this chart we see a lot of candle "wicks" pointing upwards. As a new trader I had no idea what was going on because it takes some time reading candles to relate all the candles you see to what is happening in the market with actual trades. Answer: These vertical wicks mean the price spiked over and over, but after each spike selling took...
Bitcoin holds! Bounces off of 2018 ATH for 2nd day.
Its really hard to step back and take a view of ICP because it came down so far, so I switched to Logarithmic scale and it showed more detail and squashed the giant arterial red blood stain on the left of the chart. When I did a Log scale a different, pattern emerged that fit a triangle better than Normal scale. The price has touched the top and bottom four...
From time-to-time it helps me to remove everything except price, set the Timeframe to something large and just kick back and stare at it. No indicators or even volume, no fib lines or Moving Average...no RSI...just the price. You may also find this to be either cathartic or a good learning excercise. From there its fun to add 12/26 EMA or Volume or Fib lines,...
Hello, This is a bullish daydream. Thank You, H.R.O.
I'm bullish on Algo, I like the coin's fundamentals and its at a discount right now.
XLM has been jumpy lately and showing signs of activity so I'm bullish.
"He Sold!? Paaaaamp it!" Meaningful and detailed description of my analysis.
On the 6h MA we can see the triangle breakout, and then touchdown on the top as is common behavior. We pierced the lower bollinger band so on the 6H we are ok for a bounce, but nothing is guaranteed . Please see the image below for the entire triange on the 1D: Possibilities: 1) Bounce Upward 2) Continue to follow the triangle down for a bit, then up....
Hello, I am a dummy, so often it takes a long time for things to sink into my thick skull. Loss of money (or failure to make mony) is often where I learn the best. Instead of learning from my mistakes I enjoy repeating them many times...just to make sure. Anyway there are four important points in common price action (FOR TRADERS), and they have acronyms:...
Of course everything is bursting at the seams, but here is my 100th "ICP looking bullish" idea. :| Either we'll see $28-30 soon, or it will bounce down the top of the triangle for awhile...I've also seen XLM drop below the yellow triangle after a breakout and then bounce along the bottom of it. :O Keep in mind the last bottom hasn't been retested on the 1D....
Black Knight: "'Tis but a scratch." Arthur: "A scratch? Your arm's off!" "I've had worse." "Come on you pansy!" "Come 'ere!" "Ohhh, had enough, eh?" "Just a flesh wound." "Chicken! Chicken!" (This is not financial advice)
Ahoy mateys, believin' ANKR will give up its pirate booty (sunken treasure) soon. This is not financial advice.
AMP had has a hard go of it for awhile like NU did, but this coin has great fundamentals and solves a key issue with sending money across the world. When this coin came out and I read about it I was pleased. This is not financial advice.
Great fundamentals on this coin, it was a winner the day it was announced. This is not financial advice.
We went from the sky to the pit with ICP and then had a decent break upward to $86, and then we fell down. But I think we've bottomed and are headed up! This is not financial advice.
Just an idea; it's been a really strong coin. Showing big power right now! This is not financial advice.