About meA jack of all trade. Been battling markets for over 2 years now. A-lot of school fees have been paid learning but that's what it's all about. Finally been getting the upper-hand thanks to all the great people willing to share their knowledge!
This is a secondary post to my BTC Plays (<a href="https://www.tradingview.com/chart/BTCUSD/NHRHsxjx-BTC-Plays/">https://www.tradingview.com/chart/BTCUSD/NHRHsxjx-BTC-Plays/</a>)
Possible cup & handle forming on the 4 hour chart for another move up.
Not financial advice, just my idea of things.
The breakout was successful topside but on low volume. If 3700 support can hold up and volume kicks in we can move higher to maybe test the 3900 handle. That is if they manage to cross the 200EMA.
If low volume persists it could move down to 3600 again. It looks like there is 2 possible channels that could form (Blue dotted line) and (Red dotted line)...
After the breakout from Dec we seeing the DOW trying to retest the trend line at 25000 but we have the daily 100EMA crossing the 200EMA leading me to think they might pull down to the ~24000 handle. Like many are suspecting the DOW might see a substantial loss this year and give back 2017 bull run to the bears and sink back down to 18000-19000. If they...
Ill make it clear that my bias towards BTC is short at the moment. There is still a lot of room too move down and I personally feel it would be better for BTC for the following reasons.
Overvalued - With promises of being the new financial ecosystem and the craze that ensued we saw emotions get the best and worse of BTC. Thinking it would be...
Greetings all. Hope all is well.
Sniffing around for plays I encountered this nasty symmetrical triangle. Too good to be true, maybe, but it looks so fine ;).
I haven't been up too date with fundamentals so any comments regarding that would be much appreciated.
Symmetrical triangles can go either way so be wary. The dotted line is the width of the last move...
Cardano has been consolidating from the previous sell off this weekend and it might be coming to an end. The consolidation is taking form of a symmetrical triangle. Nothing fancy but they are at a pivot point so it will determine if this is a longer term rally. They broke the pattern for a few minutes right on the next hour candle so it looks like...
Hope all is well!
So wow what a week for crypto. Seems the bears are still in control and braking every major line with ease. Personally I do not feel comfortable to be in the crypto market for too long so I just play the brakes and then get out. After mid November we've seen a stall in buying power and the bear continuation was confirmed...