I would not call TROY an altcoin. It's a true $hitcoin with no apparent purpose these days. Seems to be based out of Singapore on a first gen trading platform that hasn't gone anywhere? Other crypto trading platforms are worth billions in this space because they delivered a platform. Now, some like Bitfinex is a "platform" and others like Coinbase is a different...
Very bearish on USD. One could be bearish based on money printing but anyone plugged in to digital currencies need to worry about the USD based on unstable coins like USDT which is *unbacked* by anything and pretends to be USD. I'm not short USD but until I get better visibility, you can only be neutral USD at this point. If USD returns to 90 cents melting...
Ethereum ETH is trading at support. Lose the 1500 and we have buying opportunities lower. Break 1600s and we're back off to the races to retests $2K. Short term the popularity of ETH has created the high transaction, aka gas, fees, on Ethereum. High fees have driven down sentiment with reason. Will hot new kids DOT, ADA and LINK overtake ETH??? Probably not...
The sharp rise in 10y US Treasuries got people excited over the USD. I'm forced to looked at foreign exchange, FX, because with crypto and stablecoins impact, it's critical. More than just charts. From a chart perspective, nice setup breaking down of the converging triangle. Enjoy the ride up and take profits and set your stop loses. I'm expecting the USD to...
NY Attorney General has deemed Bitfinex and Tether illegal in New York State? And why? ag.ny.gov I'm relatively new to crypto but Tether and stablecoins are a complete scam? It's like a digital counterfeit US Dollar that's beyond the US regulatory reach? Or not? If one carefully reads New York's Attorney General - seems like she's passing the baton to other...
92 cents USD was a top. Unless it holds 90 cents resistance, don't hold greenbacks! Buy anything of value! The single USD monopoly money is getting replaced by ...
If you have funds to toss in the garbage on crypto, TROY seems to be a coin looking for a purpose if you're on Tradingview looking for a long shot. The cheapest coin that's still active. Probably dead in the long term with all the L2 tech coming down the pipe but Troy Trading does have a presence on TradingView and Binance. Get refunds for your empties and put...
Based on past oversold on the 1 hour chart, we can expect a correction to favour the bulls until the past resistance/support at the mid 7.50s CAD. That's generally a 11-13% gain in 7 to 8 days. All these gold miners are going to get a lot of attention in 2021 with gold about to likely take another bull run. After all, all asset classes are going up so gold,...
Working on at 15min chart. Generally posted as private ideas but I'll put this one out for fun.
Bitcoin is revolutionary. The mass still own zero of it but everyone's heard about it. Accumulating at the dip. MMT: Modern Monetary Theory. This is what created Bitcoin and what is driving it at insane levels. We've seen nothing yet. Now we have whales entering via fund and stocks for companies in this space. Miners on Bitcoin and Validators on...
Nice trading from oversold 1 hour back to short territory again. This won't be pretty for the next few months for holders but on the trade, it pays to be awake at the right time! Neutral as this unfolds. Quick buy and sell on this flaming dumpster of a digital coin. Make sure you don't get stuck with this pig. Ripple's printing machine is under the spot light...
XRP had the ability to shine in regards to low transfer fees compared to BTC and ETH. Unfortunately, the charts shows this is a toxic coin. Pump and dump penny stock market style. Lessons for traders and holders alike: Don't trust any coins that are controlled by people who can be controlled. Controlled by greed, controlled by government or controlled by market...
I'd rather be long than short here but any pullback will be bought. 21M total, at least 5-10% of the initial coins are in test wallets lost forever. Every forgotten a password? Well with the private/publics keys (or nemonic phrase BU) , you lose it, you've lost your bitcoins to destiny. I'm going neutral here until the bulls proves their force after this,...
Weekly RSI over over 90?! And it's not the first time? This is not a normal financial instruments. It's a "purest breed". With big whales coming into this finite resource on demand, I am having the time of my life riding the Bitcoin bull and trying to buy at the dips. But being a trader, I need to look at possible scenarios. Here's a bear case on a possible...
Re: "Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors" We might have a short term consolidation zone here but something tells me the bull is riding this blue sky breakout to impressive levels? Bitcoin will take off when you'll be able to buy precharged paper wallets from the grocery store like you do with gift cards and you can simply QR scan your...
The world is waking up to Bitcoin. "2020: A Bitcoin Satoshi is still worth less than a penny!?" LOL Anyone can afford some Bitcoin but most don't realize it and it's difficult for most, currently. Bitcoin is the mathematical wonder that's rivals the Laws of Physics in its power to transform mankind. It will transform the monetary system. The finite number of...
Bull flag on the 15m, higher highs and higher lows on the 1 hr? XRP at .30 seems like a good reentry short term trade long again but the bulls have yet to prove themselves. Bears might be out of steam. Strong bull volume on the 3 sec chart.
Obviously these short term panics versus short term euphoria can be lucrative. Classic chart indicates "don't catch a falling knife". Short term charts shows more aggressive buyers my flip from the sub 30 cents once the panic as subsided. Ripple needs to move head office to some nice jurisdiction if it wants to have world appeal as a crypto. Have the US ask...