After some deliberation and careful consideration, I believe MATIC/USDT has begun corrective wave formation (and why wouldn't it? It loves following big brother BTC).
I have marked out the impulse Elliott waves it has completed and I foresee it needing to get to an oversold status (stoch RSI decline) before starting the next wave.
Good Saturday Tradies.
Buckle up and gear up for the next possible crash. All signs are pointing south.
A DIFFERENT PERSPECTIVE...
It has completed 3 super waves - meaning we are in the corrective phase of the super waves. I am of the believe that the recent uptrend was part of the corrective wave.
- MAs are all moving downwards (per my previous...
There's so many people focused on BTC it's getting a bit boring.
As promised to Purple Crypto members, here is my analysis for BCHABC/USDT (or Bitcoin Cash). It is showing positive signs of an uptrend on multiple charts. On this 12H chart:
- rising Stoch RSI
- rising TRIX
- rising MacD
- some selling activity and
- a steep rise in the stoch RSI...
Unlike some users on Trading View, I do not make every analysis public and for the benefit of my members, I only ever enter a trade where I am 100% confident it will generate guaranteed profits. I just don't see the point of posting every chart that may "possibly" uptrend. I am only focused on profit-generating cryptos!
MATIC/USDT's trend line projection analysis...
I would like to share with you a comprehensive analysis of where we are at with bitcoin. An explanation of why there is so much confusion, why nothing seems positive and where we could possibly be headed. This is something I have shared with Purple Crypto Premium members.
I have here for you 4 charts drilling down from 1D to the 4H chart. It is clear we are in a...
The long awaited move by ALGO has begun, breaking the long resistance in stoch RSI on the 6 and 12 hour charts. It's made the biggest move since Aug 14 and all other signs are positive too.
I believe it has completed its first small wave with it currently in a small downtrend. I am expecting it to rise to the peak RSI on the 6 hr chart in the short term.
I wanted to shoot this out before I retire to bed this evening.
MATIC/USDT is showing bullish signs on the 4 hour chart. It has just crossed the 90 EMA. From history, it has sky rocketed every single time it has done this since May this year.
Based on the previous cross over on 6 August, it has the potential to rise to the 5.786 fibb mark (or...
Good morning Asia! I hope you have a deserved rest over the weekend and are bright and alert for a fresh new week.
While I await a positive sign/change from ALGO/USDT, I would like to share with you my crypto of the day - LINK/USDT.
It is showing signs of the start of a new uptrend. Retracing from the low of the previous uptrend in April this year (where the...
Good morning to everybody in Asia and good evening to the rest of the world.
My crypto of the day is ALGO/USDT, one that has been downtrending for a very looooooong time. Based on my TA. I believe this is going to change.
Long-term analysis (as long as it can get for ALGO :) ) indicates this is heading in the same direction as BTC did when it first turned up...
I'm waking up to see people screaming about how we have a massive 'shitcoin' dump happening as we speak.
If only they knew that what will be a temporary downspike is thanks to people waking up to Binance's planned maintenance email.
Estimated time of impact: Today
- UTC 0200hrs.
- UTC+8 (SG, HK, South East Asia) - 1000hrs.
The planned maintenance is...
MATIC/USDT has turned up again in the last few hours (while I had the most beautiful, peaceful sleep after 3 days of international client meetings which entailed waking up in the wee hours to provide trade signals on my premium telegram channel - a 53% ROI in the last MATIC run).
Based on the previous run which ended somewhat disappointingly (yes, I wasn't happy...
While my previous predictions still remain accurate, MATIC has done what it likes to do and took it's time in the change of direction.
Now looks like a great time for an upturn (over the next few hours/days or so). Candle sticks have been very low volume and plateauing towards the MAs and there is a slight change in direction of MACD with lower red volumes. Looks...
BTC/USDT looks set to end its bull run with a candlestick at a lower volume along with other signs (RSI, MACD, etc.).
I expect it will be flattish over the next few days followed by a downturn. This could turn into a massive bearish trend if it swings down.
Currently, it's in a great position for intra-day high/low trading.
EOS/USDT has just marked the bottom of it's very "long" short.
It's due and beginning to trend upwards. If it swings up then crosses the long EMA, it looks to be bullish in the short-to medium term over the next few days to me.
Follow my Telegram channel for updates:
If I decide to continue to stick to the long-term trade idea, I would make at most 9% as I wait for the trend to cross the peak it reached a few hours ago.
Had I chosen to stick to my intra-day trading strategy with MATIC/USDT, I would have made at least double if not triple the profits in under a day. 9% at the first rise, 4.5% at the second and we are back at...
I am a short-term trader and tend to make and break trades intra-day. What started as a short-term trade turned into a decision for me to stay on this one (watching the screen for 2.5 hours reveals amazing things and has definite benefits).
I won't say what happened during the 2.5 hrs at which the price barely moved, but in that time I have decided to take a long...