In this chart I am pointing out possible retracements of Bitcoin. Overall Bitcoin is bullish and just had a deep retracement back in May.
Now, Bitcoin just this October reached very near all time high levels.
With assets being this expensive I think it would make sense if it will retrace more so that it can grab liquidity and people can purchase in discount...
In this trade idea I will be shorting the resistance area as there is a great supply zone.
I mix supply, and demand, support, and resistance concepts.
I am looking to scalp or get a 1:1 risk reward ratio.
The total crypto market overall is also having a hard time going to the upside as $BTC is near the resistance.
In this trade I am only using 1 EMA indicator, and only long when price is above EMA50, and short when price is below EMA50
IOST seemingly broken the daily trendline is now retesting in the lower timeframe. A possible continuation to the upside.
Looking at target profits at 0.070
What are your thoughts?
This is my trading idea with $ATA
Enter on 1-Hour timeframe at the support level confluence with the fib level + ema20 (neon green) for a probable bounce play
So... What is ATA?
Read more here:
Automata is a high-performance compute protocol that empowers Web 3.0 applications and businesses with privacy-first, high assurance, and friction-less transactions....
In this recorded video and one of my first
I would just like to try to explain my thought process on how I will trade Bitcoin today, especially the opening of October monthly candlestick
It is best to actually wait for the closing of this Weekly candlestick, and have a strong overall directional bias for the Month, and Week by waiting the closing...
She's a fine lady.
What's $ALICE? It's an NFT GAME! My Neighbor Alice! :)
My Neighbor Alice is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. Inspired by successful games such as Animal Crossing, the game combines the best of the two worlds - a fun narrative for...
In this chart I spotted a hidden bearish divergence
Will this come into play? Will it materialize?
Are you bullish or bearish this October?
As for my strategy, I am bullish with alts especially with EMA 20,50,100 Daily alignment, and bearish with EMA 100,50,20 alignment
I also added EMA 10 in my strategy to better time the market on a very trending...
This is the chart of INDEX:BTCUSD
Looking at the monthly timeframe the MACD send a signal to the downside.
Looking at the daily timeframe and using the MA Cross 50/200 (see this link: )
It is indeed, a Golden Cross.
Will we get a huge movement from here on then?
Are you bullish or bearish?
Either or. take care of your...
What Is Serum?
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). (DeFi).
Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share...
New All Time High!
In this post I talk about the following points:
1. Uptrend (Market Structure)
2. Role Reversal (SNR)
3. EMA Alignment 20,50,100
4. Build up + RSI = Breakout
For the first time the lmacd has sent a signal and crossed.
Divergence is very clear as well.
Is this the start of the bear market, retracement, or continuum of the bull market?
Custom MACD made by ChrisMoody
LMACD recommended by Algo Phi
The chart is in log scale.
In this chart,
We identify the key support level
As we can see the probability of it holding is high but given the fundamental news about Axie Infinity, and Smooth Love Potion has an unlimited supply and there is more minting that is happening the price can touch the $0.0614 level. This is one of the worst case scenario.
Hoping that it will bounce and not stay...