The AIA tracks the 50 largest Asian equities. As you can see it's been moving steadily to the upside after the disastrous inception of COVID-19 in March-April. It's sobering to compare this chart to the S&P, and especially the UK's FTSE 100 - it's clear to see that the AIA is a much safer bet at the present time. Resistance has been flipped to support, and if...
Here's the DeFi version of the infamous Wall Street cheat sheet aka "Psychology of a Market Cycle". Of course - it's never really this simple. This is just a bit of fun, nothing I like more than applying this template in retrospect! If it did follow the cheat sheet to the letter, we'd be seeing a long lull in the market and then a rise back up for roughly March...
Looking at the Stoch RSI and Bollinger Bands it looks like ETH may be losing momentum. It's right on the signal line in the BB, and the Stoch is looking bearish and not yet oversold. However, it is still within an overall upward channel and if it can stay in this channel the trend overall is positive. Let's see how it performs, right now capital is flooding into BTC.
Current sell frenzy on NEO reminds me of sell-off from 2019, very similar pattern in both the price action and the Stoch RSI. I wonder if we will see the same level of sell-off (54% from peak, would put it neatly at the below support) and then a little relief rally from that spot. Just a theory, we will see..
Have my bids set at 9 to 10, first resistance at 12 to 13. Don't think it will make it through the resistance on the first go and 'first test is best' for support. So I'm hoping to get in at 9-10 and then let's see if it can go at least to 15 on this run. LINK was forged in bear market so there's plenty of juice in this one. Still keeping close eye on BTC here...
I have a lot of love for NEO from the 2017 era and with NEO 3 coming in 2021, very bullish on this project. Managed to pump even at a time that older projects were suffering, embraced DeFi and now exploring other areas including file storage. Fundamentals are good and the project still has a lot of goodwill from the famous epic pump during the first...
I think what we're going to see here is a brief relief bounce, then continued move to the downside but with much less momentum than before. Bollingers are contracting indicating the market is settling a little, Stoch is oversold so expect some relief in next few days. Currently at a support level with a lot of chart history. But expect continued downside simply...
XRP has been asleep for a very long time. The narrative around this coin is simply dead and eclipsed by DeFi, at least for the time being. All recent hype has passed it by. Looking at this from a market cycle perspective, this looks like a near-perfect 'between Anger and Depression' buy-in point. A tiny position in this accumulation box, left for a year or...
I would be looking to load up at these support levels if this enters into a modest correction before another leg up. Currently perched on support, has a history of 20% down moves to cool off before legs up in price. If a bigger bear move occurred I'd probably hold my position long-term and then look to range in further at a bottom. IMO a 5-year hold that would...
The problem with $UNI is that it has a bullish case resting on one catalyst - 'Uniswap v3 launch'. It really reminds me of LSKBTC back in the day. This was also supposed to mega-moon on the 'rebrand news', but then the rebrand simply got delayed, and delayed with no fixed date. LSK basically just meandered to the downside for a while, and then when the news DID...
Going back to my YFI chart, you can see that the head and shoulders perfectly played out. It went straight to the predicted target and stopped dead right there. Now the sell-off seems to be taking a breather, but sentiment is awful. What's to stop it dropping further from here? Well, for one thing it's an over-crowded trade, and the best way to take money from...
The DEFI market is having a slowdown right now, so I decided to chart it via this aggregate chart. The extremely sharp sell-off in early September has all the hallmarks of a bubble-pop - remarkable how savage and immediate the sell-off was across these assets. It seems to be stabilising and trying to find some footing now, but this is all too common in bear...
Currently heading for local support zone. Expect this to go on another run if the COVID second wave wreaks havoc on the stock market.
This is only 30% away from 2016 bottom, pre bull run. Not sure what to make of this really. Did sentiment flee from LTC due to big man Charlie Lee selling the top of his own coin in 2018? I would buy a small position at the '16 bottom or within 10% of it just to see what happens, it would seem like it had asymmetrical risk-reward, unless it's literally a dying...
Just came back from holiday, booked some profits, read some Mark Douglas and feel recharged. So crypto break is cancelled, the show goes on! BTC is "over-charted" by nutters on Crypto Twitter if you ask me, in the same way Gold is obsessed over by crusty boomers. I like to keep it simple. This is my standard BTC chart since early August, what I tend to do is...
Dear diary, Have been back in crypto for about a month after a long time away doing real life stuff. In so many ways I am a better trader than I was before. More aware of the hype and the manipulation, less willing to succumb to the roar of the crowd. I still have a sense for decent projects to get into, was relatively early on $CORE for example as I liked the...
This one wants to have a little run-up - will observe if it can do a successful resistance to support flip and re-test and then we can talk. I know absolutely nothing about this coin whatsoever, in terms of fundamentals.
I spotted this and then clicked onto Twitter to see that every moron has seen the same thing. Argument for: $YFI is on a support line that's been tested a few times now so buyers must be getting fatigued at this point. More than the pattern, that makes me think we could see a drop to the support below. This just happens to track with another support further...