Looks and sounds almost too easy doesn't it? Last time the Gaming coins exploded in this zone and showed us we are still in a raging bullmarket.
I wonder what this cycle will bring.
I have waited with shorting till today, I am adding every gap up we fill in de spx and other indices i am trading, hedging but leveraging more on shorts. Unless we break this 200 week moving average, this is my play for the year.
As a die hard raven coin fan myself and being a happy investor back in the day to sell on this move. I am suspecting this bearish scenario to play out in the short/medium term, unless it's not done with its move yet but even if it did make new highs i'm convinced we will meet back at around 450 sats. Hence why i sold most of my ravens after we failed to make a new...
can't predict or try to predict the timeframe, but price wise i feel comfortable going back into more heavily into crypto at these price ranges.
Dyor.
o7
A big newsday for $btc and crypto in general, with Tether losing its USD peg and Fidelity announcing it's Digital Assets custody solutions company on the same day. Mixed emotions and a volatile day.
Still it looks like a clear descending triangle forming on $btc atm, with a target towards yesterday's range of 6200.
Trade safely out there in the wild west of crypto land.
I know it's a long shot, crypto is so uncertain atm with btc not breaking it's low time after time again and the big selloffs we've seen in alts and eth. But i just noticed that we have a perfect 9 on the weekly if it closes like this. And the only other time we had this 9 was at the end of 2016 - beginning of 2017 starting the parabolic rise of eth.
No...
Ripple pump is because of the high sell pressure lately combined with high shorts and a rumor that there will be news at 1,2 oct. released on the Swell conference.
Expecting the dump.
As long as BTC (THE KING) does not break bearish this $bnb will complete it's cup and handle formation and break to the upside i'm guessing.
Take from it what you will.
~ use tight stop losses if you'r trying to play this move, like i said a simple btc bear break might break the bnb chart bearish as well erasing the cup and handle formation out of the picture.
