Nathan_the_Wise

Nathan_the_Wise Updated 

Plain and simple.

Nathan_the_Wise

Potential bearish Gartley and potential bearish crab in the making. Now, I usually don't care about animals on my charts, be they bats, butterflies, crabs, dragons or pigs. That said, it amazes me how everybody seems so eager to short the_Corn right here and now. I am sure this mini-rally will end any day now, we will break 6000, go down with a vengeance and bears...

Nathan_the_Wise Updated 

This is an exercise for everybody who is new to trading and trading cryptoassets in particular. You may want to try this before you bet your house. It's very simple: You take some money that you can afford to lose . However the amount should be substantial enough that losing it would hurt you - if only a little. You put that money on your cryptocurrency...

Nathan_the_Wise Updated 

I haven't published many ideas on TV besides my occasional take on Bitcoin. At the beginning of the year, I decided to learn how to trade commodities though, so naturally I am observing the commodities markets much more closely these days. Yesterday, when I was starring at the XAUUSD chart for the hundredths time wondering if the next big move will be to the...

Nathan_the_Wise

As many other traders I am asking myself whether Bitcoin is ready to explore new uncharted price territories or if we are currently witnessing the second major top in Bitcoin prices. First, I want to emphasize that at current I don't see much evidence on higher time frames that the market is ready to turn south anytime soon. However given the fact that we are...

Nathan_the_Wise

The rally that took place over the weekend came to a stop at the 2650CNY (400 USD) level, forming a bearish crab with a potential reversal zone (PRZ) between 2640 and 2670 CNY. While the possibility of yet another higher high can of course not be ruled out, the volatility seen in recent hours (as compared to the price action at the former minor S/R zone between...

Nathan_the_Wise

Just a quick reminder not to overreact to tonight's price action. If you lost money on the dump, consider heading to the sidelines, let things settle down, and observe for a while. Opening long or short out of fear or greed or in defiance might just mean, that you will find yourself on the wrong side of the market yet again. Let the price action guide your trading...

Nathan_the_Wise

Bitcoin made a nice move down and although the price action did not perfectly match my expectations, the second bearish target at 257 - 260 was reached on 16 August (see my previous idea linked below). If you are still short, now might be a good time to take (some) profit or at least tighten the stop loss on your positions for the following reasons: The last...

Nathan_the_Wise

Bitcoin is pulling back from the impulsive move up to 316. While I am bullish on Bitcoin in the long run, the pull back is not yet complete and the price is currently in a counter-trend correction (i.e. counter to the current down-trend, in the direction of the larger bullish trend). Two possible approaches to trade the pull back: Consider selling the Coin...