Trying to Pi my way to a crypto space ship. If you listen to some jackass on the Internet posting charts & wasting his money & you put *your* money where *his* mouth is.. *you* are also a jackass. I have a lot of blood but no tears into crypto.
The four hour chart has started a strong uptrend solidly closing a bar above the 50/200 4H EMA crossover. Could this spell the end of the sideways trend and signal BTC heading for channel resistance test around $70k?
I think it very well may, but I'm still holding other coins that I think will rise along with it and with a larger percentage. I anticipate...
That's how BTC'll do ya! Bull trap... bear trap... OOOOOH snap, bull trap! lol
It's called...accumulation zone eh! And, save a wad to buy BTFD when it comes!! It'll be the last one below 60K for a while. Don't try to swing trade this, they shakin' the tree!
You can see on this chart that DOT has taken off upon closing above the 4H 200 period moving average, broken the larger 45 degree down trend as well as the recent correction's down trend and should ride up well above the new 45 degree uptrend. 45 degree trend lines is the ultimate measure of trend momentum. The further left of the trend line the price action is,...
LINK/ETH pair has broken the down trend after testing semi-recent bottom, should make for a few banging up shots w/good profit taking / exits along the way and present other opportunities to ape in if the trend gets above the 200 4H MA and starts heading towards other fib retracements since the recent high.
Presently taking another crack at closing over the 50D MA, has been in a solid consolidation zone for about 6 weeks. I got in in Jan, Feb & a bit in March. One of my top 3 holdings. Will it take off to re-test the recent high around .5, or stay in stack zone? Dunno, don't care! :)
Gonna jump on a levered long here, broke the 50D MA, bounced off the 21D & point of control (POC) and back over the 50. RSI also forming a solid uptrend so thinking we should see another big greenie before some more chop.
Have had a good run in Maker. I love this coin for its huge green candles! Taking some profit on 250%, will ape in on a big dip, might buy back a bit if it consolidates for a while near the bottom of the consolidation zone if it develops.
Closed out a position quite a while ago after some big candles, it consolidated there and then started banging up...
Indicators are conflicting... maybe diverging. I feel like BTC is going to ping pong for a bit between the 50 & 100 day MAs and I caught a levered short right at the top w/a super tight stop... took a strong pull back right after. Gonna HODL for something near the 100. IMO, until BTC closes over the 50, the ball is in the ETH court.
ALGO is my fav, but I'm heavy on CVC, HBAR & VET as well. Drew some lines on here. They'll change, bag composition will as well but my commitment to most of these jingle bags will not!
Dunno where my entries are, the only recent additions are 1INCH, AMPL, CRV, SOL & SUSHI. Will probably flip Sushi for something else soon and bag up on the rest.
Got out of ENJ...
This 4 pane chart breaks down the current consolidation on the 4H chart and looks at the 1D uptrends in terms of USD, BTC and market dominance. Taking a breather in the 2700s before heading for ~3300 by mid-May-ish. Looking at moving averages, Gann fan up trending channel, volume profiles, a little RSI and AX/DX for verification.
4 pane chart:
4H ETHUSD -...
XLM blasted through the 50D MA like a rocket, followed with a solid break & close above the down trend and has moved into a very positive Gann Fan channel. Volume oscillator seems to be bottoming out, confirmed by the RSI confirming a rising trend in strength. Should see a mild bounce & some consolidation near local ATH.
Presently bumping it's head against the...
ETH has been on fire! Seeing that it hit some large headlines and the RSI is curling over, looking for a quick dip to punish the n00bz before heading for ~$3300 next month. Some notes about interesting areas, BTFD target & profit target.. I got in much lower. :)
Forming a mis-shapen cup & handle, two recent big pumps but still trending sideways in a consolidation range. Pretty good entry if you're not in already, looking to re-test recent highs. I like ALGO because of the simple 6% interest w/o lock up, long term this should be banger, adoption presently a bit light but big things expected in the future.
Just dipping my toes back into the charting waters, this time I'm in for the long haul and setting up to stream!
Was just perusing the crypto screener here on TV and saw BATUSD @ the top of the strong buy ranking. Figured I'd check the chart and see if I wanted to dip back in... think I'll be putting in some limit orders and waiting for some sheeple to cash out...