Last week we had a good amount of volatility in bitcoin with the buyers in favor. We are now looking to see if this weekly price action can help lead the 2 weeks into a buyers market. The monthly is currently at a high side with a compression play. The month of August will tell us a lot about where bitcoin goes next.
On the weekly for tesla, we are seeing a trend shift on the trend bricks and all 3 trend meters. This is a good confirmation for an entry on a short position.
We will have a 3-day close also in the red.
I would look for an entry on a weekly close confirmation.
Great long-term potential setup.
I hope everybody is having a good Monday and finished last week off with some good profits from the markets.
This is an update on the crypto markets for the weekly and 3 day time frames.
I have my eyes set to load up on zcash, dash, monero, aeon on this pullback.
The weekly and 3 day continue to close red as we now begin to try and crack a recent structural...
Update on my long-term approach for my next entry into cryptocurrency.
Currently, bitcoin is playing a major left shoulder structural that most will use as a key area for support and resistance play.
What I see is a new turning point being distributed on the monthly chart, with the (2week, weekly, 3day, daily charts) still bleeding red.
I continue to sit on the...
weekly, 2 week and monthly charts hold the most value for any investor, Here's why,
I strongly believe that the high percentage of investors that fail to trade the markets correctly is simply because they don't know where the buyers and sellers are. With higher timeframes, we can eliminate a lot of the unnecessary noise in the markets and identify the true...
We are overlooking the crypto market in this analysis from a 3-Day timeframe perspective, for a potential early entry in the markets leading into the weekly.
The overall market sentiment is consolidating after I nice size market retracement. Bitcoin dominance is also consolidating with the total 2 / others.d showing some correlation.
I Will update you on the...
In this video, I touch more on emotions and how an "average trader" approaches the markets.
I believe that we as traders get the wrong impression on how to read a chart. I feel that most traders have a strong tendency to make trading more complicated than it needs to be.
I've traded with so many strategies out there and I always tried to search for the next...
This is a brief overlook of the cryptocurrency market.
With the parabolic price rise that has taken place since the crash from the pandemic, cryptos all across the board have been in a major impulsive buyers market.
We have seen a nice-sized pullback from the highs of 50-60k on bitcoin.
With cryptocurrency, you are seeing a lot of similar correlation across...
THE DOMINANCE OF BITCOIN HAS BEEN ON A MAJOR RETRACEMENT AND IS NOW CRACKING A RECENT MAJOR STRUCTURE LOW.
OTHERS.D IS NOW BREAKING THE RECENT 2017 MAJOR ALL TIME HIGH /W ALT COINS SITTING AT MASSIVE DISOUNTED LOWS.
I STRONGLY BELIEVE THAT A MASSIVE ALT SEASON IS UPON US.
RISK IT FOR THE BISCUIT.
BITCOIN CRAZY SIZE IMPULSE FROM PANDEMIC LOWS AROUND 4K TO NOW AROUND 60K PER COIN!
I DO BELIEVE THAT WITHOUT A TRUE ALT SEASON AND MAJOR ALT COINS STILL AT INSANE DISOUNTED PRICES / THE SHOW IS FAR FROM OVER.
TOTAL 2 DOMINACE AND OTHERS. D ARE JUST NOW CLEARING THE 2017 ATH OR TESTING THEM.
A MAJOR NEW BULL RUN CYCLE IS ON ITS WAY.
COINS THAT HAVE MY...
SETTING UP A MAJOR TURNING POINT FOR A NEW MULTI YEAR BULL CYCLE
WITH THE HIGHER LOW IN PLAY IS POSITIVE SIGN
NOW WE NEED TO JUST CRACK THIS $1 AREA OF RESISTANCE AND BEGIN THE BULL RUN.
I DO BELIEVE THAT HISTORY WILL REPEAT AND WE WILL SOAR HIGH!
7-8 YEAR TREND CORRECTION / CREATING A MASSIVE FALLING WEDGE
PANDEMIC PRICE AROUND 70 CENTS / NOW MAJOR STRUCTURES ARE STARTING TO SETUP HIGHER LOWS / SHOWING A BUYERS MARKET
I AM LOOKING TO ADD POSITIONS AROUND $1.65 - $2.00
$8.86 WAS THE TARGET ACHIEVED FROM PANDEMIC PRICES / 1,000% BANGER!
A BREAK BELOW PENNANT WOULD RESULT IN A SELLOFF TO CREATE A MASSIVE...
The larger timeframes like the weekly are what you want to follow.
Eliminate the noise from the market and run with the trends.
Take a look,
When the green ema dot on the bottom went green in April we had a signal for a long term potential trend reversal.
We put our money on the dot color and doji color shift with the candles up above, only when they...
Monero has been in a rally for around 300 days.
We brokeout past the recent high of $100 and now I believe we are setting up for a good size pullback.
I have my eyes set on a catch at $100 as a potential major breakout retest, the we will bounce towards the ATH.
My ema dots indicator on the bottom is showing a red dot which is a sign for sell off. The week...