About meCrypto is a game to manipulate your emotions into making strategic errors.
The edge is limiting emotional investment.
- Limited capital
- Limited time/attention
- Limited stakes
He who cares least, wins
Naked charts and modest emotional investment is my thing.
LINK has often had a modest sell off prior to large takeoff in price.
Purple line is where I would like to see support hold prior to a run, if one is to come.
I have a stop at 21k which I expect will be wicked through to steal my position prior to the run... OR... I will protect my funds through another leg of downtrend to 18k.
No bother, I will sleep well...
Key support and resistance levels for BTC at present.
It's pretty simple as I see it.
Above 11.3k you can visit 'Topsville' and stay for about a week before being politely kicked out.
If we break 9.4k then you can take the elevator down to 8k (before a relief rally).
Honestly I sort of think that the support levels near the 9.4k area...
I am not a LINK marine. Never fall in love with any of these 'coins'.
With that said:
LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part.
With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up....
Looking at ETH/USD I am not sure about this support level. I feel more downside is likely and the next level down provides a more convincing spot to build a base of support.
I would be tempted to short with a tight stop at this juncture.
The levels I had in place for XRP for Bybit exchange were dead on. It would have made an excellent short...
As expected, eventually the support was eaten up and it collapsed out of the range it's been in for some time now, as some good traders said, it wasn't unlike BTC at 6k in 2018.
This is where things get interesting, XRP is now reacting to the levels set...
Like many alts, this seems to be struggling to change direction and make a higher high to confirm a new trend.
Due to the hype and noise around this one, I'd be inclined to gamble along once a change in trend were confirmed.
Perhaps it already has been. I only really trade horizontal S&R.
But I don't feel the need to enter trades all the time. I would rather be...
BCH/BTC must have been one helluva short.
There is so much resistance in this chart that my usual minimalism (4 orange lines) is being tested.
I restrained myself.
Only 2 meaningful support levels i can make out before 'price discovery' aka 'bleeding out'
What a shite project indeed.
+ It needs to make a higher high to reverse course and the level I'd be...
I don't know much about EOS. Looking at it, quite a curious one as it's ranged for quite a while (up to June 2019) when other alt scam coins were being slaughered in the so called "alt winter".
Price action shows a history of relatively short downtrends and uptrends.
Will be monitoring this closely.
+ Broke a crucial support level quite recently.
+ If it...
Litecoin doesn't make a lot of sense to Bitcoin fans, and is seen as some kind of 'regular cola' imitation thing.
But it's friendly image, attractive price and pole position on Coinbase makes it popular with the dumb, unthinking first time gamblers who waddle in to the crypto casino.
For that reason I want to keep an eye on it while we wait for an (inevitable!)...
I do not own ETH/BTC.
What I want to do here is monitor the chart, consistently, looking for where a bounce may occur.
Then potentially put in an entry with a tight stop when a trend change seems likely.
@CryptoDonAlt (one of few decent Twitter traders) has said 0.15 mark could be where it bounces.
Will check in on this chart regularly and observe the overall...
Reference purposes only.
The key S & R levels marked out from when BTC exited the 2014 'bear market'.
Scroll up to see the current market with levels also marked.
Plenty of 20-30% corrections back then as BTC price rose to eventually surpass previous ATH.
Very similar in the current market - although - the lower highs observed currently is cause for concern!
Idea - LINK has shown strength for months, seems to be ranging + primed for another take off
Counterargument - Every idiot on Twitter is posting the same meme chart. Never a good sign
Meaningful levels - stop loss at 188874, targeting 33372 and 44659
Time period - 1 month