BTC has had a massive dump as of late and is now in the period of ranging or unknown price action. So we have to be a little more nimble here. The volatility can be your friend or your enemy as long as you play it properly. So what do we see happening? Well sector analysis can be very helpful. If we continue to see sectors like DEFI making higher highs on the 4H,...
Here is my logic for the run up that we have had. 1. This is a bull market 2. We never want to make bulk fear sells So with that in mind, I would rather buy protection and try and hedge some downside in my portfolio. I am choosing to do this simply with BTCDOWN. Easing into a 5 - 10% position. Buying between 1.4 and 1.5 over multiple days in roughly 1-2%...
When you are investing. you can get in the way of yourself and your gains pretty easily. This is a story of what I did wrong in a recent position. It all started when i found a new project that I was bullish on. I thought I would dollar cost average into it. This was lazy and it was also my first mistake. I should hammer into my head to buy UPTRENDS only. Over...
Nov 5 So yesterday, I made a cash move. I sold out of some of my positions and raised cash for a dip. Now this cash is still working and has made 0.5% daily. So after a week, it will be up 3.5%. That is still pretty damn good. It isn’t subject to massive draw downs either. Now this move looks like a bad one when BTC moves 6% after selling. So now we have to ask...
On this channel, we love calling triple bearish divergences. This is one of the best ways to have conviction on shorting something. So if one pops up in BTC, can we be bullish? Well that question is better answered when you also include time horizon. In the short term, the trade is that BTC is becoming overbought on the 3D and the 1D. So that would put a time...
That is the question today. Every once in a while, we get bullish dollars on this channel and we will happily admit it. Right now looks like that time for a short period. The main reason we do this is dollar cost averaging assumes you always have money to throw in! That may not be the case for the average person so we want to be able to help people protect their...
So Bitcoin has been showing relative strength across multiple markets as of late. But when do you start to manage risk? The problem with technical analysis sometimes is that everything can be overbought from an indicator perspective but the market can continue to rip. This is just a sign of a strong bull market. To move from a bear market to a bull market,...
Are we in the start of a bull market for BTC? The charts say yes! Worried about the election? Worried about the sky falling? We just look at the charts and right now the chart is looking extremely bullish. One of our all time favorite indicators on this channel is the 14 period RSI and this thing is flashing a bullish signal that we haven’t seen since 2019! Let’s...
Here is one for ya. Could we see another Volatility bull market? Or has the worst already happened? That is the questions we will discuss today. We will be looking at the most heavily watched volatility tool, the VIX! Let’s have a look at the chart! A couple of things we see here. The trend has changed from bearish to neutral. That is the first and most important...
BTC Just Did Something Crazy! At Derzzy Charts, we love crypto. We just watch the other stuff to understand the macro environment. Being aware of other markets sure helped manage risk back in Volmageddon! Today we are going to look at the big dog BTC. BTC is rallying in the midst of a down equity market, which shows relative strength. Everyone is worried if BTC...
Here we are again with a completely bullish setup. We have all of the pairs breaking out and now we will be watching the 20 level on the %SMA. This has been previous resistance so we will want to watch it closely. The higher high continues to form. Just remember that after a higher high, comes a higher low. There is no doubt that this is a new bull market as we...
As the saying goes, if you get the dollar right, everything else will follow! This morning we have the dollar selling off again. This marks the fourth time that the price has failed to break the downward sloping trend line. The dollar has been bearish since May, so will we see the trend continue? Let’s have a look at the chart. We can see that trend line has been...
ONT has been in a downtrend for a while. We have not seen macro lower high, lower lows from this coin. That may be changing tho! If we can set the higher low here, then we can start to change the trend. The first step has already take place with a bullish RSI divergence. What do you think will happen to the price of ONT? Happy trading!
After the huge run, are we done correcting? We have the bullish RSI Divergence. That is step 1. Now we are seeing bullish higher highs and higher lows. That is step 2. We could be done correcting! Not time to go long yet tho. Lets wait for confirmation. Remember that Cup and handles are super bullish formations.
If you get the dollar right, everything else will follow! Dollar could surprise us but for now we are more bearish than bullish on the dollar. This is good for bitcoin. This is good for equities. This is good for commodities. Let me know what you think!
Here we have the chart of bitcoin. We have now broken the downward trend line and is now looking to turn it into support. If we see that happen on the price, we should see the same happen on th RSI. Then we would be looking to resolve higher! Happy Trading1
Here is a quick one. Honestly looking for a higher low here. Trending down. We could be seeing accumulation phase taking place, but for that to be proven right, we need to first see a higher low form. The RSI resistance needs to be broken as well. First lets put in a higher low. The bearish fib extension is holding some support at the 127% level, but if it...
When we look around the world, it often feels like the sky is falling if you tune into financial media. Well here, we look at the charts and see if we can find trends. We have a new breakout in an important commodity economy. Australia! Let’s have a look at the chart. So here we have Australia going nowhere since June. Tons of failed breakouts with the wicks not...