I'm not sure which way this thing is going to go, we might be doomed!...or we might not be.
If we're not doomed, and this thing starts going up, it's not going to stop thanks to the world's governments using every piece of ammunition they have. There's a real chance they've overshot and we go into a 1999-esque bubble.
That means I'm starting to build a small...
1- Both long term (orange) and short term (blue) divs on "GretzkyDiv". This guarantees nothing, but is real easy to spot and can complement other forms of analysis.
2- Stop run on previous highs
3- When do trends end? Usually after a crash downward, then a slow chunky crawl back to the top
there are many obvious and freely available reasons to short this thing...
Just wanted to share a bet I'm making. Long term chart looks great, volume looks great, Demark and Divs look good.
Going to $3.30 from here seems pretty reasonable, will hold some for longer term too if it works out. Will be moving stops to break even as soon as possible, and if this one doesn't work out, there will probably be more to come from AKS...
Platinum is cheaper than gold? that's silly. Bunch more reasons to go long, but I just want to share my bets.
Also, if you want to hedge USD hyperinflation risk, and you don't want to buy more cryptocurrency, maybe think about adding platinum to your portfolio?
Two bets in mind right now. I want to do a quick short (long on the inverse chart) from here to at least 5.5k, maybe lower if I'm lucky.
Then I think the real trade is from the upper 6k, lower 7k region to the lower 4k.
Using the inverse chart to help with bias
China 50 looks pretty bad. Hope it's nothing serious.
The MegaMACD consists of simple modifications to the normal MACD, and has all the trend nonsense taken out.
It's singularly useful to quantify the "strength" of impulses. If it's not doing what price is doing (like here), then something is awry.
There are other reasons to short this thing outside of the...
Been watching it for a few days, can’t trade it on margin, so no shorting :-( but my hypothetical trade is marked.
Shame, cause this move should be large.
I expect the rest of the crypto market to take a dump too.
Whole market looks ready for a little push down, that's what I'm really shorting. NEOUSD, LTCUSD, ETHUSD, ETCUSD are just fun and I like the way they look.
Splitting a trade up into different markets that do the same thing at the same time is obviously not a sound diversification technique. This is not diversification of the intraday short on cryptos, but...
Many, many reasons to short this shitcoin:
1. Market Memes look'n good (not on the chart)
2. narrative falling apart at the seams---"IMMUTABILITY CODE IS LAW VITALIK CONTROLS THE CHAIN".....one 51% attack later...."OH SHIT"
3. more competitors every week, many of whom have better communities & more scalable solutions