We had a brilliant pump on BTC to test supply. I am thinking we could see a pullback to previous demand level. Price has moved too fast and the dollar still bullish. Let us see. Anything that moves too fast never last. No financial advice.
Could be time to take some profit off the table. the pump ended at 1.72 in a zone of supply. Not looking to crash the party that I was in but have to remain open minded as a trader. If anything we might get an opportunity to buy lower.
I couldn't help it. After all this time eos seems to be rising from the graves. Volume is increasing and schematics not looking that bad. Hope my jedi eyes are right.
BTC might head lower over the next few days but there are still some levels of liquidity to mitigate before this happens. We are in bear market based on the major support levels already broken. I am waiting for an opportunity to take some profit off my holdings so hopefully I get the opportunity to do so soon. The hand is pointing on a schematic which suggest a...
Low risk short on Atom. Price is back in supply zone and appears to be stalling once more. Could be sign. Let see. The last time I called the selloff the rest of the crypto market dropped along with Atom. BTC seems to be struggling to hold above 20k which is concerning. I will reassess BTC soon and post a chart and discuss this global issue further.
Not much in terms of confirmation but there is liquidity left behind at target level. Normally when I see volume voids in the trade patterns and a build up of seller/ buyers at a particular zone, I start thinking liquidation. This is how the exchanges make their money. They liquidate you own of your position and then head towards their next set of targets.
Have a look at the chart. ADA is gradually making higher highs. Have broken major resistance and re tested. It took 7 attempts to finally break through. I think this is a bullish breakout. I am hodling.
Hi Traders, Seems we have 5th wave completed on this impulsive move. Could be time for some profit taking and the uptrust appears to be stalling around a supply zone. See additional charts below.
Anything that moves too fast never last. I have a feeling ETH, and the rest of the market will be pulling back soon. Just a feeling.
This is where my eyes start playing tricks on me. Everything I look at seems to be blinging. What has Elon Almighty have in store for doge? Another one back in the demand zone. Always worth looking to the left.
Anything can happen in this world of crypto but while we panic and sell everything institutions are buying the dips. At the moment price is consolidating above a key demand/ support level. This could be a sign of buyers coming back in the market or sellers re adjusting. One thing I am sure of is that something big always happens after a consolidation. This is when...
FTM is next on the list for me. 1 year ago FTM was like a rocket on crack. Lol. Need some of that rocket fuel again.
I am seeing: Demand being re tested. I am seeing manipulation of the down trend. Huge buying to sell. Now seems XRP is hovering above resistance. Hmmm someone is obviously liking the fresh air. Could be signs of buyers overpowering sellers. This is a hodl in my book.
The entire build up looks to me like accumulation so I have entered a long here hoping to catch the bottom. One of the reason for taking this trade is the quick bounced back from taking out the lows on the left of the chart. Usually this is indicative of a liquidity grab.
Mind the gap. Even lows below seems like set up trap for people who are buying that are using this as their stop loss.