As traders what we want to know is if we have hit the bottom or if we are going up, or are we going to fall some more. On the post I did on the 22nd I told you we were going to fall in a matter of hours and we did. Check this out, there are 3 keep spots we need to keep an eye on to see if we are going up or down. I know the answer but I would like to hear from...
If you look at my charts from a couple of months ago I've had 3 green X's marking the 3 buy zones and exactly how much to put into each buy zone. We have now hit 2 out of 3. In the next few posts, I will give you which coins to put your money into, to at least double your capital in the next few months. Don't forget to follow me and you won't miss that shortlist....
Sometimes there are so many indicators you are looking at that it gives you analysis paralysis, my advice to you is to find that pivotal event, a catalyst and keep an eye on it. In this case, it is almost imminent that the 50MA will go under the 200MA which will mean a good drop in price. My eye is focused on that. As a savvy trader, your job is to let events like...
In a smaller timeframe, BTC could show us which way the trend is leaning and in this case it will not take too long to find out. Price is resting on the 200MA on the 2H Timeframe and it is also being squeezed by the downtrend channel line. If we go over that channel line that would be a very small indicator, and if we melt that will let us know that BTC is trying...
First of all, let's dive into when do you buy after a fall? Well... What we are seeing is, by all means, a bottom, but you have to be cautious because although we are sitting on a support line that goes back months, just below it we have a support system that would make more sense. So the question is; Do we trust this to be the bottom? My answer is I don't, and...
Well... BTC wants us to believe that the bottom is in. We have touched the $7800 area plenty of times and it has refused to go lower -- which makes it look like a bottom. If this is it then the bottom is being built in the middle of nowhere which is out of the norm. There are a couple of places where it would make more sense to bottom out so I recommend we wait...
So the idea is to draw the correct resistance and support lines, why is it so important? If you get them right you will know exactly what will happen next, everything will work out like magic. But is there a right and wrong? Isn't it subjective? Nope, not even close. Computer algorithms -- which control the bulk of the trading capital -- are programmed with the...
This is a chart of the 3D timeframe, within it is all you need to know. It will show you where we are, why we are there, where support is and where resistance is. You can also see some future scenarios that might come into play. Keep this chart for reference, here you can clearly see that we are currently on a secondary trend which is going down, but the primary...
If we continue on this path the 50MA will cross under the 200MA around the 24th of October. This event is called the death cross, and if it happens on an important enough timeframe like the 1D it will negatively affect the price. Typically once it happens there is no quick turn around, It will for sure stay under the 200MA which we can already see happening, and...
You are not the only one that comes back to see BTC's price once in a while just to find it stuck around $8300, this has been going on for many days now. So what will it take to get things moving? Well... Billions coming in or billions going out, it's just that simple. We do not control nor do we know when money will come in or go out, but we do know that some...
I was able to find the range that we are stuck in a couple of weeks ago. Let's continue to stay weeks ahead and let's plan for what's next. The way I see it these are the two likely scenarios: 1) If we stay around $8300 and then bounce up to retest the 200MA then we'll possibly go over it and onto the $9500 area (Which is big because that will signal a healthy...
When we find ourselves in a range is because very strong forces are restricting the movement of price, in this case, there is a legit reason why we just can't get above a certain price and don't drop below a certain price as well. We are currently trapped between $7800 and $8600. Why these two prices? $8600 is where the 200MA stops momentum and then returns to the...
Well... Let's see if LTC has the gas needed to get past resistance. So the next resistance point is the 50MA on the 1D which is also coinciding with the downtrend channel line, this will make this area very hard to poke through. A lot of volume is needed and we just down have it right now. As I see it BTC was just creating a big fakeout with that green candle it...
This chart shows you the only way out of an imminent death cross for BTC. It is a very realistic looking scenario so be sure to note that the last 5 candles are not real. We have to meltdown to 7K - 6.5K to go up to safer ground aboard one or two "weapons-grade" green candles. From there we have to crawl up to a few other buy zones that can get us to 20K and then...
So as everyone sees price stabilizing and even going up on smaller timeframes like the 1H or even the 4H they are missing a big red flag. Let's take a look at the 1D timeframe which has become the relevant one because of the battle happening there. Immediately you can see that that BTC is ranging between my white horizontal support line and the 200MA which is on...
My style is to wait until prices are so low it becomes a low-risk high reward opportunity. ETH, LTC, XRP, NEO, BNB are getting to that point. Let me put it this way by the time I jump in 100% into alts is not even worth putting a stop loss because they can't go any lower. On most of these alts we are only at the beginning of the death cross on the daily, which...
Today we're going to look into the mid and long term view to get a good idea of what is going to happen and when can we expect it to happen. One thing to note is that more money has been coming into crypto and it has stayed in, about 14 billion to be precise since the weekend and BTC keeps ranging which means that this influx of capital is being eaten by alts as...
Ethereum finds itself at the beginning of a death cross, what this means is that if BTC decides to keep going down further (which it will) Ethereum will go down harder and stay under the 50MA for most of the times with maybe a spike above it once in a while. I guess that most high performing alts will try to stage a double bottom which will put Ethereum around the...