I absolutely love this coin and I'll be looking to enter a large position when we get to they buy area.
I don't see interest in this coin rising until we are close to v3 launch in about 6 months. Plenty of time to test new lows and increase the r/r ratio.
DASHBTC is currently retesting a longterm support dating back to mid 2014.
The 1M Stochastic RSI has bottomed and the 1M MACD is starting to curl up.
On a fundatamental side, DASH is currently developping a lot of new markets in Venezuela and Africa.
We can draw the Fib Levels for retracement from the bearish wave starting at 7400$ all the way to 6100$.
The moves that we are currently in are a typical retracement pattern where we tests the various levels as supports and resitances.
We see from the red arrows that the 0.382 and 0.500 levels acted as strong resistnaces. On the flip side, the 0.236 and the...
EOS is still 10x from a year ago. A lot of people are hard pressed because they were sold the EOS dream in May and are now turning into full fledged holders.
Furthermore, the last two EOSUSD pumps were fueled by margin traders (see EOSUSDLONGS chart). I would be extremely cautious because last year could realy have been an artificial pump leading to the main...
Looking at ETHUSD, we can clearly see a capitulation V bottom with a lot of volume. EOSUSD is still strugling to confirm support at about 4,5$.
In the meantime the EOSETH ratio is near all-time high.
I short this with a passion and I'll be putting my profit target reaaalllyyyy low on this one as I don't think the EOS bubble is over yet while the ETH bubble...
If we break the blue line, I expect to find support right below the green line. That will confirm that the asset is weak.
We then have one last wave of distribution that takes us over our previous high before crashing down.
Expect the ETP dance to stop pretty soon.
All the ETP blocks are empty: explorer.mvs.org This blockchain is worthless and...
NEOBTC did a pretty textbook 5 wave correction on important Fib levels. Total correction of 85% in terms of BTC and 95% in terms of USD.
Blue line should now act as support and red line should be broken in the next week.
Accumulation in the 120-140$ range. We should find some kind of support in this area.
Furthermore, ZECBTC is nearing his ATL and close to breaking out of the downtrend resistance.
ZEC also has a couple of nice upgrades planned for the rest of the year.
Also a strong candidate to be added on Coinbase in the future.
At this point I buy and put in cold storage...
I identified ETP as a breakout candidate last week and it did work well after all.
SANUSD is now breaking out of its downtrend. I really don't know much about the coin and the entry is purely speculative based on the setup.
Looking for a target of 1,90$ and tight stop loss at about 0,95$.
Not 100% sure what I think of Metaverse ETP.
As a technology, it seems to have solid fundamentals and team, but it lacks in communication. Furthermore, they are not listed on many exchanges which I find weird.
Nevertheless, the chart set-up is interesting and we should probably be keeping an eye out for a breakout of the pennant.
I did open a position on this....
We are indeed in a bear flag of insane proportions.
Right now, every small pump gets beaten down fast. There is absolutely no bounce, only bleeding. Classic indicators are not useful at all and will only mislead speculators in buying a crashing market until they are completly burned.
Target is between 4200$ and 3400$. We should see an insane amount of volume on...
If you look at my previous ideas, you will see I'm completly bearish on the market at the moment.
BTC whales are currently shorting the market to make it crash. I think a good time to get back in the market will be when BTC stabilize between 4200$ - 3400$.
Till then, altcoins will bleed to freaking death. EOS is my top pick to short. I predict the EOSBTC ratio...
I don't think looking at the 2hr, 4hr or 1D chart will give you that much information.
The weekly chart here is extremely bullish on shorts. I don't see why we would see a significant short squeeze at the moment.
There is room for short to grow and BTC to tank before that happens.
BTC is currently working on its correction.
NEOBTC is sitting nicely on the 0.618 level and strong support. NEO will probably outpace BTC in the following weeks.
This is a short time hold. As soon as BTC starts to drop again, you should sell NEO.