When crypto crashes to 50 billion market cap we need to save it. Apart from 3-4 indices 9 currencies 4 commodities I got nothing to trade. Stocks? Everything is correlated. We need crypto to survive. Please.
As I expected, we very slowly and weakly ran into resistance and rejected it, once more.
This is it. It is highly likely we are now entering the final phase of denial.
This is probably going to be the week the price sells off. Finally!
We are I believe - this part is speculation and does not impact how we should be trading this - going to fall to the lower line of...
AUDJPY entering support area.
Price has been reacting to this support past 4 months
USDJPY lost its uptrend and price fell too, so let's keep an eye when week opens, no need to rush into this trade:
If there is strong selling on these 2, then instead I would buy CHFJPY.
I just want...
I noticed a while ago that the big exchanges were not at the top anymore, not even close (except Bitmex).
Right now we are supposed to believe that there is large buying interest in Bitcoin and volumes are rising. "This is the bottom".
The toplist of highest volume exchanges is full of unknown entities that announce volumes of hundreds of millions.
The order books...
I want to take this trade but the fees with my (regulated) brokers are way too high I just lose my edge, the only crypto exchange I would use is Bitmex but my second account is empty, and I can't send money there right now (thank you ESMA). It is a shame, this is pretty high probability. And ETH has a spread of 2 dollars are they serious?
It is happening today.
It is looking very much like 4 months ago, but will november repeat itself?
If we reject resistance we either retest it next week or go straight to sub-2000 starting next week.
The next few hours will be decisive. Every trader is watching.
Bears cannot handle the risk and are closing their shorts...
First let me say that this risk to reward they talk about is not the risk to reward ratio. It is like they have been holding books upside down their whole lives.
It is the reward to risk ratio. If they call it "riskreward" for short it's fine I guess, but specifically calling in the risk TO reward is so wrong.
There are ways to see if someone lies without the...
Downtrend since last month
In wave 4 on H4/Daily chart
On Wave 5 on H1 with diminishing momentum
Wave 5 often last as long as 1+3 and here we are
Entry = 0.712
Easy sell, tight stop loss here should not go too far if this is right.
TFW you go out to clear your mind and not think about all this, and come back home with a head full of ideas.
Stop loss is a little more than 1 week ATR & we aiming for at least that, so this should last a few weeks.
Minimum 10 days normally.
We are not going up on trade deal hope anymore and there has been bad news about expectations of weaker...
I love how everyone talking about "the banks" and how they are afraid of crypto, but every one completely forgot about china, that has been crashing the price 40% at a time regularly back in 2016-2017 :)
Here is what I think will happen now.
In the next 10 days, perhaps next week, possibly but not likely even tomorrow, we fall to around 3300.
After a dead cat...
Plenty of self proclaimed experts, or even "legends" calling to invest ("invest") in Bit-con.
Let me tell you I would not buy Bitcoin, even if I had a cristal ball.
If we assume Bitcoin is really going "to the moon" and keep being as exponentially bullish as the past, the best possible scenario would bring its marketcap to 2 trillion in 4 years (that is ALOT of...
Disclaimer: This is a trade that is set to last at least 6 months. Only for people invested in to consider selling, and those that do long term trades. Personally won't be shorting it. I lose my mind and start ripping my hair out if something takes more than 2 weeks.
End of the road for google. Their search engine is deteriorating. The markets globally are moving...
People overreacting to weak inflaton figures on the usd (what a surprise bla bla bla ) whatever.
I think it could end soon.
Max target almost 3% up which is 3 ATR
Max stop loss 1 ATR down
But I aim to get out in the next 24 hours.
These are just the "max" in case something goes really wrong.
(After this strong selling I expect a strong...
after seeing traders post fractals of Bitcoin I made a 180° on my stance and now believe Bitcoin is bottoming and bracing itself for a meteoric jump.
How far can this go? Very far.
Please tell me it won't take till July to get started thought...
Bitcoin is looking veri veri...