i'll be buying dips in the buy zone here. pretty much a no-brainer for me.
i'm thinking $0.15 is where i'll likely take some profits.
very strong support at $0.05-0.06, but i think those levels are highly unlikely at this point.
i missed the entry i was looking for , but i'm perfectly happy to buy this breakout. like we just saw with ETH , ALGO just pushed above 2x the local low, which to me is an extremely bullish signal.
here's where i'm looking to take profits:
1. $1.75 - absolutely taking some profit here because it's a strong resistance zone, right at the 1 fib extension level...
big picture, ETH is looking strong with a perfect bounce at the intersection of the .618 retracement level and the bottom of the channel .
i think the recent breakout above $3450 means bulls have confidence in a new support level for long liquidations around $2900. with that in mind, i would expect resistance around $4370 (where the prior ATH and new 3x long...
answer: pretty f*ing high.
$1300+ is looking more than reasonable by the end of 2021. SOL has proven it can pump when much of the rest of the market is ranging, as we've seen price double since its prior ATH in may.
let's assume the trends continue for total market cap and SOL dominance. that would put the market cap at around $6.2T and SOL's market share at...
after an ascending wedge, rampant bearish divergence of the RSI , and a recent run-in with an old foe , i think we're due for a correction. taking a look at 3 key zones where price could find support:
potential support 1: recent resistance level turned to support. notably where 3x long pressure ramps up and 3x short pressure cools down.
potential support 2: ...
leveraged longs are gaining confidence in the $28.6k support level, so it's probably a good time to take a look at where to expect margin pressure.
we had resistance where 3x buying pressure drops off and 3x selling pressure picks up, but that was quickly turned to support. 4x and 5x short pressure is likely to ramp up if BTC continues to advance.
the 2x long...
another one approaching the bottom of the channel, so i might add a little here. i missed the deep discount on MANA in june, but luckily it's lagging behind a lot of the other alts so prices are still relatively low.
watch BTC though - bulls don't have control of this thing yet. if BTC takes a dip it's almost definitely taking MANA with it.
anyone who tells you this isn't a tough call is lying to you.
we knew where/when this retest was coming since june, we saw evidence that price might be topping out last week, and now we're faced with a critical decision: to buy or not to buy.
we've had a few months of deep discounts now, and most of us have been averaging back in here and there. if you're...
bottom of the channel is usually a good bet, so i'm looking to increase my ALGO bag here. strong support around $0.70, and a long ways away from the ATH, so this is a no-brainer for me. market still make take a dip, so this isn't a trade setup necessarily, but averaging in long term.
don't forget MIT has been working with the FED bank of boston on a...
it continues to amaze me how this pair sticks to the fib channel levels like glue. the 1.618 extension has been money for picking targets in the past , so, if it ain't broke...
i've been accumulating ADA for a few years now, and hoping to finally unload some later this year. basically looking for targets anywhere along the 1.618 extension. any time price touches...
i thought we may have been topping out , but we're awfully close to invalidating that idea.
for the moment, we've found support on that downtrend line and bulls are knocking on the door of the local high resistance ($46788). as luck would have it, it's also the third retest of the bull trendline in the past week.
a new local high here and a break above the...
looking like we may have a rejection at the intersection of the bear and bull trendlines (bump & run).
let's see if we catch support on the down trendline or shoulderline ($41.5k-$42k). if not, we're headed back to the 30s.
if price breaks above the bull trendline (white), i'm buying.
here we have a perfect rejection/confirmation of the downtrend on a logarithmic scale (top), and a breakout to the upside of the trendline on a linear scale.
this is more of a question than an idea. haven't found anything on this so i figured i'd throw it out there on TV. the question is: which is more reliable for determining a breakout vs fakeout? i generally...
we've been talking about it for 3 months now, and here we are.
this is probably the most pivotal moment since we broke below the bull trendline in june. if this down trend line is confirmed, i'm thinking we'll see a longer period of consolidation within the current range ($30k-$40k).
if price breaks out above the trendline, the sky is the limit.
looking like we may break to the downside of the ascending wedge. in the process of retesting the bottom of the wedge.
also seeing bearish divergence of the RSI, which increases the probability of moving lower.
target is $36.5k where i may look to open a long position.