Been a while since I watch the USD chart of $XLM and I was chocked. It gave back almost all it's yearly gains?!
A new cycle low is a possibility
Could be minor (<0.07093)
Big support at 0.0626
Break outside channel = first bullish warning
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Like a wearying prizefighter, BTC is doggedly remaining in the ring despite appearances of fading energy. Bitcoin, along with the rest of the cryptocurrency market, is currently amidst an unmitigated period of indecision. Then again, you cant really complain about $10K BTC. Especially when global buyers have repeatedly stood their ground to...
My long term path for $LINK. I will provide updates about this one soon because I'm planning to trade it in size.
My first long term target: $7
Reminder > That the trend is your friend
Psychological is resistance!
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I still like LINK at these prices and bought some more. I'm quite bullish on this one for the future.
LINK is a pretty interesting coin. Decent uptrend against BTC since the start of the crypto winter. I believe that we are in the four wave of that upward cycle so I can see still a lot of potential in this one.
We made a new cycle low in #LINKBTC. Good thing...
TRX made a new low with bullish divergence and a bounce followed. I think that an impressive rally will follow f it manages to clear 195 sats. But like I've said, alts are in an accumulation zone. If you want this one, start nibble on it
Ooh look, sideways action in #XRPBTC. I didn't expect that. I like the fact that the is moving sideways. (Acumulation). I can see bullish divergence all over the place. Is this the low? Maybe (not).. But this is definitely a good price to accumulate.
Fundamentalist macro view
In a macro sense, we believe that Bitcoin will be able to push for a new high as the latest price action is indicating a symmetrical triangle. This signal accumulation is still occurring. Moreover, BTC broke the $10k level, increasing its chances to visit $12.3k - $13.9k region. In general, any downside price action from the current...
Here's a small explanation about why I'm giving insight into my trades. Crypto is all about trust and transparancy and that is what I'd like to bring. Don't expect me to tell you how much crypto I actually own because that's none of your business. But I will tell you how big my position will be in regard to my trading portfolio.
Volatility in the crypto market is nothing new. Its also the secret sauce that traders on platforms like BitMex, Binance, and Huobi thrive on. Owing to that, it should come as no surprise that the moment a ripe opportunity for wrestling the markets up and down presents itself, market makers pounce on the chance. Volatility is a traders best friend. Whether a...
By Philip Swift
Disclaimer: Nothing contained in this article should be considered as investment or trading advice.
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