cyatophilum

cyatophilum

One important thing when day trading or scalping is risk management . To find the good balance between risk and reward . So I compared the same strategy with and without Safety Orders. Here's an idea explaining how safety orders work if you didn't know:...

cyatophilum

In my previous idea we've seen that Bitcoin is probably going to be ranging for a few months, so meanwhile, it can be interesting to look at a few players who could potentially outpace Bitcoin during that period. I will not be going into the fundamentals here but simply share some platform coins with good momentum and price action, since platform coins seem to be...

cyatophilum

What Bitcoin needs before making new highs ? Here's what I think. 1. Bitcoin has to make support A new support means people are not anymore disposed to sell at this level. 2. Higher Lows and Higher Highs When we see higher lows and higher highs, it means that the Bulls are in charge. The small corrections are people...

cyatophilum

Now that was unexpected, at least for some people trading with leverage. A lot of people got liquidated, which explains the huge candle as Bitcoins dumps 7k in value (around 11% drop). A short term correction was expected, maybe not of this scale though. Price now trades at 46k$, which is a solid base on the 4 hours...

cyatophilum

Hi folks. Bitcoin has been up 25% in one month, and right now he is losing its breath. We will see why. He built a clear base at 30 000 $ which is both a round number and the bottom price from which we have seen buyers coming in at an impressive pace (21 july), all up to 42 000 $ after which we've seen a small correction down to 38 000 $, mostly traders taking...

cyatophilum

We may be wondering if we should buy Bitcoin now that he crashed more than 40 % since the last ATH at 63k $ less than a month ago. We will also look at Ethereum which is the second leading coin. █ BITCOIN ANALYSIS It has been two weeks now since Bitcoin got corrected down to 30k $. The fact that it left two huge wicks...

cyatophilum

Hello, today I want to share my current trading strategy. First, I will look at Bitcoin against USDT. The market is bullish and shows no sign of ending anytime soon, at least for now. From this information, I know I can trade the BTC/USDT chart, but not only. Because with all this capital flowing into crypto, usually...

cyatophilum

This is crazy. Bitcoin went up +225 % since March 2020, and it is still showing bullish flags on all charts. This fact itself is the only bearish argument I see: who would long an asset already up +200% ? I always analyse assets multi-timeframe, starting with the highest. On the monthly, I used a log chart because it shows percentage price change instead of...

cyatophilum

Volatility seems to pick up pace recently. Mainly to the downside sadly, wiith a break below the ascending trendline that was created. Though it seems to have recovered to the 61% of fibonacci after trading below the 50% retracement. If bitcoin fails to remain above the 13550-13650 support levels (in green), there is a risk of a further downside movement. In this...

cyatophilum

Price formed a clear ascending trendline (slashed in white), RSI is above 60 plus recently MAs are slopping up. I would expect bears to fight at resistance around 380 €. A break below the trendline will be a weak signal.

cyatophilum

Congrats holders/longers! Time to secure profits and wait for correction and new support confirmation (previous resistance around 12k)

cyatophilum

A bullish scenario is that the resistance created in July 2019 can become support in the next months. It would be a big deal, unlocking new possible highs.

cyatophilum

SRM has been trading at all time lows and volume is showing a bullish divergence. Not a buy signal yet but it should be interesting to keep an eye on the coin, until indicators turn more bullish.

cyatophilum

The bulls are getting less convincing, and it can be seen on the chart! I called it the Wing pattern, it can be added to the group of harmonic patterns. I expect a continuation until recent lows to make support.

cyatophilum

I have been watching EOS since it was forming an interesting bearish triangle pattern. At my surprise it broke out to the upside with a really huge candle, indeed this kind of pattern is usually bearish. The correction that followed the move is a good thing for buyers, they can see if the upper side of the triangle that acted as resistance can now become support,...

cyatophilum

I believe risk management is key, because sometimes, finding the perfect entry will not be enough. The market is what it is, and nobody can predict with 100% accuracy how the price will behave, even with all the great indicators we got out there. With that in mind, we should come prepared that the price will go against you, and we should take advantage of it,...

cyatophilum

Bitcoin is approaching his long term resistance. I would like to see a re-test of this area before calling for a breakout. We are still in the beginning of one of the biggest financial crisis, in a way that unlike the one in 2008, we have no real control over the problem: a virus. This is a bearish sign. Why would it go up then? My thoughts on this: - We are a...

cyatophilum

We didn't break this ascending channel and today we saw a 10% move up... this is quite bullish! Third attempt at completing a 17% profit long trade with the Supertrend indicator. What do you think?