I'm only buying at the support levels. Just know that BTC can retrace over 80% (or even around 90%) and it often does in a big bear market. So yeah... hold off for a bit. I got orders around the 6700 for now.
I think there's at least more more leg down. 9700 should hold and finally end the bear run. Just relax, go out do something and come back in a few months
ABC Wave correction inbound. Finding the top of Wave B should'nt be too hard if my Fib strategy works. Wave C is going to hit as hard as Wave A so i'm willing to hold shorts on it for a bit.
For testing only. To see if market moves price into the fibonacci structure to get good short entries.
BTC + Alts is undergoing huge correction atm. But I think BTC may have a play at going up another few legs. Apart from the market noise I think the golden fib at around 8960ish is still a good place to get some buys going. Coincidentally it's also the trend line of the IHNS at the beginning of 2020. I will wait for price to come to me. Target is 10400 to double...
BTC has fallen thru its bullish channel. I think alts will also soon follow suit. Time to short local resistance and I anticipate lower highs and lower lows. But watch out for that support target. We might bounce off it. For a possible small long entry and reshorts later.
I'm going to keep an eye out on EOS for a bit. From what I think i know. Channel breaks more or less confirm or solidify trend reversal. We'll probably get a repeat of what happened in 2019 if we get a bear flag outside the bullish channel.
XRP will go to around 0.262 and then bounce back. Exit @ 0.334 I think.
Its no longer in an uptrend. But I still gotta find a good entry for a short.
Its either buy along the dotted line or no buy at all. Hard to make money chasing price i think.
The 0.618 is usually reliable. Exit when IOTA doubles in price from the bottom, or double tops.
Watch ETC fall into the 0.5 and somehow bounce back up. Capture the Fib. Exit the double top.
1. The first Green engulfing usually continues up. 2. Resistance exists ! So throw da moon charts away. 3. 8.7 is really really good to sell into. I'm shorting around there even. 4. F E L I Z N A V I D A D.
Slightly Below S1. HorseyLine. Fomo there darlings. Just for funsies.
There's no denying it, we're in a bear trend now. Wont be too long soon before the market capitulates on Cypto (mainly on ETH, LTC, BCH which are very redundant). That bounce was relief but we're still soooooo far from the bottom of the green channel. That should be bull's priority to buy there.
LTC is in for a lower high or a bull trap. When it gets close short it. It'll make lower lows. Has happened 2 times already. Third time is no different.
Only buying in that little range between 6.2 to 6.6. Need bull divs on RSI to confirm before buying. It's gonna be several days until then before i make the trade.
Still trending down. Buy at bottom of Green Channel.