mattkon

mattkon Updated 

FULL FINANCIAL DISCLOSURE I own 82,900 Cardano and some change. At this time I own no other cryptos. The only cryptos I care about are Bitcoin, Monero, and Cardano. Chainlink is hella rancid, and if you own Chainlink are supporting machine energy and anti human. I no longer trade crypto because I'd rather be homeless than be like you. I bought Cardano at .95 and...

mattkon

Looks like ETH could be forming a fractal of the previous flag. sold at: 221.56 target: 180 stop: 236 risk/reward: 2.878

mattkon

It's possible Bitcoin bounced at 6130, but that doesn't seem right to me. My gut says we are going down to a proper resistance of 5800, and maybe lower. If we break 6700, It's likely we will see further momentum upwards. sold at: 6543 stop: 6733 target: 5800 risk/reward: 3.9 tp1: 6033

mattkon Updated 

If ETH falls to 157.3 on Kraken this week I'm taking this trade. buy: 157.3 target: 201 stop: 143 risk/reward: 3.055944056

mattkon

If we drop to 6030 on Kraken I'm taking this trade. Entry: 6030 Target: 6800 Stop: 5870 Risk/Reward: 4.8125 Good luck trading! -M@

mattkon

We are in a murky situation with Bitcoin. This wave could bounce at 5900, (symmetrical triangle) 5500, (descending triangle) or 5000 (continuation of the weekly chart bull flag). My personal opinion is we are going to bounce at 5900, test 6800, then plummet below 5k (panic).

mattkon

I think there is a 90%+ chance we are going down to at least 6000 within the next 3 days. That major dump a few days ago has FUD'd the market psychology. But where do we bounce? My instincts tell me there is a 50/50 whether we bounce at 5800-6000 (minor support line) or 5400-5500 (major support line). I plan to close half my short at 5800-6000, and let the other...

mattkon Updated 

I think Bitcoin is goin down again. There has been a very clear bull pennant forming on the log chart this year, with a top at 7500-7800. The best indicator right now is the Fib .618, which Bitcoin just tested. We could see a drop to 6000, or 5800, or 5400, or even 5000. Or we could drop to 6000 and go sideways. But I think the likeliest scenario is we are going...

mattkon Updated 

If ETC/BTC continues to go sideways, and BTC touches $7400-7800, ETC/USD should bounce somewhere around $13.50-14.30 then follow Bitcoin to hell. (by hell I mean $10) sell at: $13.93 target: $10.1122 stop: $15.17 risk/reward: 3:1 -M@ 100% of donations go towards illegal drugs BTC: 1K8U5Weva7MZHpxvNDpJGhzwR1xrYDajga

mattkon Updated 

To trade alt-coins, you have to 1) Predict Bitcoin- I believe Bitcoin will be rejected at $7400-7800 then trade down to $5800/5400 2) Look at the fundamentals- Kovri Alpha release might create an XMR reversal, but probably won't be released until EOY forum.getmonero.org 3) Technical indicators on both USD and BTC charts: XMR is forming a bear flag on the...

mattkon Updated 

First of all, I would never short DOGE. But our favorite meme coin just had a big pump because of this news ethereumworldnews.com So if you are a degenerate day trader, hell-bent on scraping your children's money supply and disappointing Jesus you could probably make 33% BTC profits shorting DOGE this month Sell at: 46-47 satoshi target: 34 satoshi stop: 49...

mattkon Updated 

There are 2 strong indicators LTC could bounce: 1) LTC has found support at the .236 retracement resistance level 2) LTC has been bounded by this huge triangle on weekly chart for about 3 years now. Also, for whatever it's worth, LTC trading was just added to Yahoo finance along with BTC and ETH When I'm trading BTC pairs in a bear market I look for 4:1...

mattkon Updated 

If I analyze one more chart today I think I'm going to throw up. Here is my DASH short idea: sell: .027 target: .02 stop: .0286 risk/reward: 4:1 best of luck to you -M@ 100% of donations go towards illegal drugs BTC: 1K8U5Weva7MZHpxvNDpJGhzwR1xrYDajga

mattkon

BTC has had a tendency to retrace to the .618 on every wave in it's bear cycle. sell: 7477 (just below the .618) target: 5937 stop: 7938 (The .786) -> also a pretty clear breakout on the log chart -M@ BTC: 1K8U5Weva7MZHpxvNDpJGhzwR1xrYDajga

mattkon

I love trading ETC. It's so damn easy. It's following this really easy to interpret channel, bounces off of $x.00 or $x.50 amounts, and has great fundamentals. 1) Recent Coinbase.com addition 2) Full IOT compatibility coming out this winter 3) Compared to BitcoinCash/Bitcoin, EthereumClassic/Ethereum has a much smaller market cap 4) Strong development team, with...

mattkon Updated 

TLDR : Trade Idea: Buy ETH at ~$200, sell at ~$450 I've been trying my hand at spot trading on Poloniex the past few days, and it kind of sucks. The 15 minute/ 1 hour charts are so much noise, that I can't tell whether something is a flag, pennant, up or down until it's too late. Maybe it's because I'm a novice day trader and I don't see it yet, or maybe because...

mattkon

I believe Monero will test 1100 sats within the next week, bounce to 1300, then retest 1000 which should be the bottom for Monero. This is how my current analysis lines up on the XMR/USD chart What do you think about Monero? Please share your ideas below. :)

mattkon

I will adjust my analysis of Ethereum depending on what BTC does, but for now my idea is to short ETH around August 20th if BTC touches 6800, expecting it to drop to ~40,000 satoshi. Then I will go long at 1BTC = $5,400, then short again when Bitcoin retests 7,200 which I expect to happen about 3 weeks into September, Then short again, expecting Bitcoin to drop to...