She burned me once already. Fortunately traded in a wide sideways channel (green dashed line is my entry point). WAITING for IOTA's price action was an opportunity cost. Money could have been hard at work elsewhere in cryptosphere.
I think this time it's legit.
METAL was basically scraping the bottom of its market cycle against BTC.
Low risk, high reward potential.
The more I look at this coin, the more a like it.
Great team. www.metalpay.com Cooperating with Civic and Stellar--both great coins to be holding.
A little pricey, but probably a safe bet.
Yeah, there was a huge spike in price, but this chart looks very pretty. Bullish setup, MACD has yet to cross, not overbought, within volatility channel, perfect fib 50% retracement. What's not to like?
I am long term long, and medium term long on this coin.
NOTE: I am NOT a professional analyst of any kind.
So I looked at the chart and realized I was being greedy. NOTHING about this chart says I missed the boat. Everything about it says BTC is going down more over December.
NOTE: this is my medium term projection.
ANOTHER NOTE: I am not a professional trader.
BTCUSD will be over $30,000 next year, EASILY.
Descending triangle usually means watch out! If ETH breaks below horizontal orange line, expect a plunge to the red hill.
Personally, I don't expect this, given Litecoin's momentum up, and Bitcoin's less than decisive movement, which I anticipate will also be UP, based on its historical movement.
Cryptos tend to move together, too.
ETH might be nearing the end...
Descending triangle destroyed. LTC plows to the upside. Not terribly overbought yet, so still room to grow until 60. Looks like a MACD crossover moment!
Beware of the profit takers! If not tomorrow, then certainly the next day!
Descending triangle usually presents a clear resistance line. If it breaks below resistance, expect to see it fall as low as 2200. But the last two triangle patterns showed a break to the upside.
MACD appears to be rounding up, which makes me feel optimistic. But the look of the MACD can change in a trading day. So until I see that line approaching a cross more...
A few days ago, I posted that I thought BTC presented a quiet opportunity to buy. Could have gone down, could have gone up.
Today it appears that BTC decided to curb down and break through the "hill." Purple line shows resistance off which I believe it will bounce, but if it doesn't, it could theoretically touch as low as the hill below it. I find this...
Technicals are calling for it. Never underestimate people's enthusiasm. But I would not be buying at this time.
I'm long, for sure. So go ahead and buy and hold.
But if you want best price, statistically unlikely to get it.
No indicators here other than a bollinger band, which shows the widest volatility yet. The line is vertical. The "corrections" are diminishing in corrective capacity, which tells me the bottom is going to fall out of this bag. I can't even handle this chart. I took profit today because I just don't like what I see.
*Disclaimer: I'm not a pro-trader. I'm not a...
Ultimate oscillator and Williams%R (neither shown) are quiet. Neither overbought nor oversold. Just trading comfortably. Keltner volatility channel shows that LTC generally stays inside of it (as of late) but when it broke above the channel, it promptly sold to dip back into the channel (as it should). LTC climbing steadily up the blue hill. Largely...
9-day moving average (yes, it's short, but this market moves fast) shows that price moves above the blue line like a stone skipping over a pond. The moving average is like a magnet and ETH will try and touch down to it to correct before its next rally. Don't be afraid to buy ETH (we are all LONG ETH), but for best price, maybe wait to make your move; note,...
Despite logical reasons to be short in the near term, I don't underestimate the crowd's enthusiasm. I remain ambivalent about the direction over the next few days. Long term, BTCUSD is going up. Short term correction is completely justified, imo.