Can't get better odds than this. If the pivot low holds there is an 80% probability of the price reverting back to the median line. Currently the target is +45% but the longer it takes the higher the target. A realistic target would be around 80% Key points: The low is at the 0.618 fib Pivot low need to hold Entry: at current price 0.03077 Best entry at...
Before you crucify me... Yep I know! Market cap big big! Is that even possible? Well first target ($3.11 +22x) would put the market cap at around 190b. If I compare that to where the market is now it doesn't look likely but if I compare it to where I think the rest of the market will be by the end of the year; it starts looking more reasonable. However, the second...
So many of these have hit targets lately... Almost feels too easy. Target 151 Sat (+74%) Never Trust. Verify. D.Y.O.R. Not Financial Advice Just an Observation. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BTC has been on an amazing run this year, Seems like nothing can stop it. However it feels like a correction is overdue. The question is; will BTC smash through this median line and make its way to the top of the channel or will it correct and retest the channel shown in red? Key points: Oscillators are at extreme highs (but they can stay this way for a...
Understanding the relationship between BTC Vs. ETH is crucial to maximizing your BTC stash. When ETH runs so do the Alts and your BTC value also increases. When BTC runs everyone stops and watches in awe. So given the price action of BTC lately, your alt bags have probably been making some nice USD gains, but I bet you've been hemorrhaging BTC value? For most...
As a Trader it's important to know your strengths... & your weaknesses. When you're self-aware you have no more excuses. It's not the markets fault, it's yours. Own it. And work on getting better tomorrow than you were today. My trading personality is: A "Patient Gem Fossicking, Value Investing, Swing Trader, with a specialization in capitulation." ...
Nice to see these patterns playing out lately, wait for the re-test for an entry. Target: 1616 sat (+48%) Heaps more setup on the radar, don't miss them ----> Like & Sub Never Trust. Verify. D.Y.O.R. Not Financial Advice Just an Observation. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk...
Moonshot... Broke out and retesting the channel. This seems to be a common pattern at the moment, just before they moon. Lets see if this follows the trend. Like & Sub for more of these... I'll publish my watch-list with similar plays if there's enough interest? Never Trust. Verify. D.Y.O.R. Not Financial Advice Just an Observation. Technical Analysis is...
Just a quick one, I'm not going into the fundamentals because I think most of you are fully aware of the current bullishness of the market and the caliber of Cardano. I just wanted to point out the formation of this massive Head & Shoulders pattern that started forming in Jul 2018. Wait for the the breakout & confirmation. It should do a quick 100% Vs. BTC once...
BTC launched in 2009 and DASH launched 5 years later, in 2014, is DASH one full cycle behind BTC? The 2017 boom bust cycle of dash looks like BTC in 2013. In that year BTC had a big run up from ~$12 to $1178 and crashed back down to about$150. And I think we all know what BTC did in 2017. In 2017 Dash went from about ~$1 to $1,600 and crashed back down to ~$33....
DASH has had a real battle gaining momentum over the past year and it's had it's fair share of FUD. But since the March low it's been slowly grinding higher. Since Bittrex is not even top 10 in terms of exchange ranking I don't think the de-listing will have any long term impact on DASH. The marketing approach for DASH has also been switched form "it's a privacy...
Can't help but feel excited for VET 's price action in the near future. Maybe I've been hitting the Hopium too hard! And while there's a huge difference in the standard vs. long targets, there is consensus. That is, it's going higher. The wave 5 target for the standard chart doesn't even get this back to the VEN All Time High. Meanwhile the log puts it at...
It was slow & painful to create this list for myself so I decided to share, Hopefully it saves you some time and effort. Maybe there is a quicker easier way to create this list? Let me know if there is! I will update the list to include the Top 200 Market cap projects in the near future. Copy each list below to separate notepad files Save it by the name you...
High probability "Reversion to the mean" trade. As long at the pivot holds there is an 80% chance that the price will return to the median line. This is a solid trade. Almost 1:2 Risk : Reward. Entry: .003322 Stops: .0025910 Target: .004639 (the longer this takes to play out the higher the target) Never Trust. Verify. D.Y.O.R . Not Financial Advice, this is...
Just another quick one. BTC had been leading this recent push & ALT/BTC pairs have been bleeding profusely. BTC consolidated from AUG - OCT while ETH has spent an extra month in the range before breaking to the upside. when BTC broke this range It ran for the following 5 weeks... Are we about the see the same from Ethereum? Check the linked Idea for more Bull...
There is a high probability ' reversion to the mean ' trade in play (Pitchfork median line). The ideal entry was the 0.618 retracement however there is still a 1:1 Risk: Reward trade from here. Usually I prefer a 1:3 R:R however this trade has an 80% probability of playing out. Therefore it is worthy of consideration. Looking at the bigger picture, VET appears to...
Just a quick one. XRP getting its Bull on. Points of interest: XRP had tested this supply zone 5 times since it became resistance in AUG 2019. Given the market conditions and overall bullishness I suspect XRP will easily blow threw the resistance and test the .51c level. The Break of the neckline for the inverse head and shoulders gives a target that is in...
Massive Cup & Handle in combination with a Support/ Resistance flip and bullish news indicates Ethereum may be due for a substantial move up. While I expect there should be some selling pressure around the $750 & $900 marks there is no guarantee it will stop there. But if it hits these targets I will be taking some off the table and looking for a retrace for lower...