As you can see from the graph it looks like BTC dominance has reached strong resistance points: - local top resistance - high volume resistance - 5th Elliot wave with five inside waves Additionally, oscillators are overbought: - CCI is showing some divergence also - RSI has a double top in the overbought area - Stoch is also making lower lows in the overbought...
What is the difference between bubble and hype? Hypes are usually local tops inside the greater bubble. As we said before there is a 90% chance we already started the next bubble. For now, we had a hype that most probably finished at the 5th Elliot wave. As you can see previous tops and dips can greatly predict where the next tops will be! 1.618 Fibonacci level...
Are you ETH fan, believer or investor? Either the answer is yes or no in both cases it's nice to buy low and sell high, isn't it!? We wrote a lot about Ethereum potential already. You can find an additional explanation in link to related ideas below. Do you think low volume is the problem!? Wait for our next educational post and check it out to see the...
It is true that markets are sometimes hard to predict and the trader can never be 100% sure about the prediction. However, when we go up soo many traders are calling new highs and when the price dips it looks like the end of the World is coming. "Buy low, sell high!" tells us that if the price makes a strong move down we should more times call LONG than SHORT. In...
Why are you so serious, darling? I know it's finance but we should have some fun also, shouldn't we?! ;-) Yes, mam! btw: This is more than just a piece of financial advice! :) Wonder how many will appreciate it?
Often I hear from some other traders how we can not buy since there is "no volume"! I don't think so since it makes sense that there is "no volume" (yet). That can be good, not only bad! Usually, the volumes are the highest at the low and the top of the hype. In between, they vary a lot since the situation is not that clear. A lot of uncertainty starts to...
We wrote about Binance going bullish vs USD nearly 2 weeks ago (check Related Ideas). Is it going bullish vs BTC also? Binance is well known as being one of the largest if not the largest crypto exchange in the World. Binance coin is one of the coins with clear utility use. You can even use it to pay your trading fees on Binance. Probably now it makes sense to us...
Lately, there has been a lot of buzz about BTC! Will it breakout or not? In the end, it did not as we predicted with the accuracy of a surgent in our most viewed post till now that you can find in RELATED IDEAS. Here is a nice school example of how ETH does the breakouts and probably similar pattern will be played in the near future. We will write more about that...
Today CoinMarketCap shows how bitcoin is not really moving (0.01% in green ATM) but altcoins are starting the party! Or maybe not!? Well, let's check the largest one - ETH +4.16% up daily ATM. Ethereum looks bullish on daily also: - strong divergences on different indicators (1day) - nice price action with a higher low (3rd one) - whales manipulation on the...
Seems many see short-term Bitcoin price above $13000 or below $9000!?! We strongly believe that is not true! We are going into the consolidation zone. Probably price will be moving between the drawn lines before going anywhere where the majority expects it. Time will show who is right and who is wrong. Our arguments will come in the comments below this post. Many...
We already wrote about ETH potential growth. You can find it in related ideas. If history repeats itself and usually it does we should reach the short term bottom before the midterm growth can begin. BTC dominance is around 70% and when we reached around 55% it went sideways so altcoins started to produce some results. That looked mostly like bounces. However,...
Sometimes I ask myself why am I producing all this educational material on TW since it gets much fewer views than trade ideas themselves. Usually, the answer is because I want to give something back. I want to teach the ones that want to learn how to catch a fish, not only get a fish. Nikola Tesla said that we should check number 3, 6 and 9 and we would know much...
As we all know Bitcoin is deciding where the market will go! Etherium, as the majority of the other coins, follows the market that is set by BTC. How can we take advantage of that!? As you can see, it is possible to buy cheaper and sell more expensive if you are in the right place at the right time. Here is the interesting logic though. "It is more important to...
Hi followers and others, as you can see our updates on Bitcoin have been quite regular these days and quite accurate also! Hope you managed to catch this train we have been writing about some time ago (check the link to related ideas). We are aiming for 80-90% accuracy which should position us among TOP traders on TradingView. Since BTC had 7 positive days in a...
I'm not sure if you were around when ETH made a double top around $400 but I do remember it like it was yesterday. At that point, a friend bought it nearly at the second double top price. Just a few dollars below that. He did not listen and as a novice "crypto investor" he wanted to be smarter then experienced ones and even than the market itself. Traders that...
I wrote about BTC being bullish and going for a breakout. (might be smart to check out the comprehensive analysis in the "Link to Related Ideas") As we all know the majority of the coins follow the leader. When BTC up, others go up. Sometimes with a bit of delay. Late on catching BTC yesterday? You can still catch ETH today! PS: It's not investment advice. It's...
As you can see from the graph ETH is in a great short term position vs BTC. Here are the reasons: - we have a clear pattern nicely connected to ETH SHORTS - Stoch already crossed on the upside - WT indicator crosses now - CCI is oversold - RSI also in oversold territory Seems like better players will play a similar scenario again. First goes BTC and when...
Price breakout happens! Now what? As we all know supports and resistances are the key levels where the price stops, turns or does some floating before making the next big move. Usually, the challenge is to find the right ones where those kind of events will happen. You can see clearly from the graph that there are some key indications to take into consideration...