BITCOIN - Similar To December 2018 ?Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
This is not the longest that BTCUSDT has been trading underneath the Moving Average. During December 2019 until the next year, BTC spent 36 WEEKS underneath the Moving Averages. Noteworthy that this was the 50d MA (due to the lack of data, there was no 100d or 200d). Currently, we're trading underneath the 200d MA. However, this can still signify that range trading for a period of time may be the most likely scenario. We still see high volume on the chart and the RSI shows sideways to slightly lower is the most probable for the foreseeable future. USUALLY (not always) there is a Xmas rally, or a December rally. It should be interesting to see if we find our reversal during the month of December, or if we continue to decline and start another bullish cycle during Q1 next year in 2023.
I'm labeling this BTC post as short even though I don't believe shorting it is a good idea right now, simply because it seems more likely for the price to go slightly lower than higher (judging by the RSI). There will be the occasional, unpredictable wick back up towards the MA but the price will continue to trade underneath until a clear bottom is established.
Incase you're interested in XRPUSDT, check out this idea 👀
Have a great weekend🥂
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Cryptotrading
Trading the Crypto Volatility 🏄💹 FXPROFESSOR'S Tips 👨🏻🏫Hi everyone,
I miss you more than you miss me. I will be back posting 5 and 10 times a day very soon. Life has been hectic but many GREAT things coming up next. Keep your eyes open for them, Professor is coming up with Major upgrades and perks.
VOLATILITY:
The higher the volatility, the riskier the security. Volatility is often measured from either the standard deviation or variance between returns from that same security or market index.
Many will tell you Not to trade it. (especially brokers and exchanges...because it's probably the best chance you have to make some money...lol)
Professor says : 'YOU WANT TO TRADE IT!''
In this video I share with you some of my Tips and How 'I do'.
Remember: Funds you can afford to lose means no fear.
A plan will give you better chances to succeed.
Let me know if you like this video and your comments are always welcomed.
One Love,
The FXPROFESSOR
Listening to this song today to Pump my mood higher, waiting for the Trading battle to commence. Remember to have some fun, trading is first of all pure entertainment. 🥊😺 Let's punch the markets , Boys and Girls
Using TOTAL MarketCap & DXY for MACRO TrendHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
The Total Cryptocurrency market cap chart, or TOTAL , can be very useful to identify the macro trend MOST (not all) cryptocurrencies will follow - bullish or bearish. It is also natural to say that if the strength of the Dollar (DXY) keeps increasing, investors will be more likely to sell off their investments for Dollars. When the DXY is at its highest, and the investment markets are at their lowest, the money rotates out of Dollars back into the investment market to buy up stocks and crypto at cheaper prices. This also means, that now is a great time to accumulate your favorite crypto's. NOTE that this does not mean the market's won't go lower, it most definitely can. However, trying to catch the exact bottom often leaves you positionless. It id often here, where traders try to jump onto a moving train (trying to buy as the price keeps rising).
Currently, it looks like the DXY still has another push in it towards the next resistance zone:
Cryptocurrency markets could continue to fall until the DXY cools down. I'll be watching the correlation between these two markets closely and in the meanwhile, expect random mid cap and micro cap altcoins to rally.
Here are 3 Altcoins that I'm accumulating for the next bullish cycle, or Altseason 2023 :
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
Ethereum, do we finally have a new uptrend? Hi, and welcome to Thursday's update. Today's video analysis looks at Ethereum on the daily chart. I wanted to do this report yesterday, but I wanted to give the market some more time to prove that this latest move higher really had some legs to it.
Buyers confirmed Tuesday's rally with a follow-up, which is a good sign. We are focusing on ETH, but this week's breakouts can be seen across the boards, which is another good sign that there's plenty of demand in the crypto world right now.
In today's analysis, we have broken down the breakout, future levels that could present new resistance and what we want to see from price moving forward to give this new leg higher further credibility.
If we see a new lower move that returns to the range base at 1270, we would start to think it could be a false break. We want to see a new higher low above 1370 with a higher high to show that buyers are on to something here.
Good trading.
We do like to hear from you, so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
Please subscribe to our Youtube channel (www.youtube.com)
And to our newsletter to stay up to date. www.eightcap.com
Ethereum Classic ETC #ETC $ETCHere's an update on ETC Ethereum classic.
Trying to give you these updates ASAP so that they can be used in real time.
I try and break down the levels to watch for and trade with.
Give you the low time frame and higher time frame outlooks. I know that day trading and making hourly moves and or trying to is becoming more common amongst retail. So I'm trying to help fill that more immediate need which is often a VOID for those who don't chart for themselves.
SafeMoon SFM #SFM $SFM Safe moon Price.Let's go over some basic charts and look back and see if we can find any real support or structure to help us remain calm and or find our next moves to be made. It takes all the Wind out of peoples sails when they see their coins/tokens going to new lows and or getting the FUD and or feelings they are going to $0.00. We will try and look for some optimistic as well as pessimistic views to go over and try and give people some insight.
Well, we had a few requests for this so here it is. Wasn't too sure about charting SFM Safe moon. But the cats out of the bag now who knows where this will end up. Such a crazy community and such strong HATERS and Supporters. Lol not sure if I'll have the energy for this one consistently.
XLM Stellar Lumens Let's, take a look at XLM Stellar Lumens and talk about the Key levels to be watching and what some realistic expectations could be for short and or longer-term plays.
We will go back and look at some of the past history and reactions to different price levels per the last Bull and Bear cycles as well as discuss briefly about the differences between then and now.
We cover a short-term outlook as well as a longer-term horizon for those actually buying now and investing for their future's.
It's a FIGHT Between the Bull's & the BearsWell, if you ever wanted to watch a live fight of importance between the Bulls and Bears you've got it happening right now. We really need to see what direction we are going. This is not just your typical daily round of non-sense battles. These are IMPORTANT levels to watch, and important levels being breached. We have made a new 52 week low in the SPX and we are losing our levels on Bitcoin that we have been watching.
IF these levels are lost things can get EXTRA DRAMATIC quickly for most of these assets.
I'll do my best to catch and report on the most major moves and plays, BUT I'm only one person, lol ... Be sure to keep in mind this is still a fully downward trend and Temp. bottoms do not mean they are THE bottom.
Ethereum crashing don't lose your mind, still in range.until its actually invalidated we are just ranging and coming back down to test the lower levels for support which should totally be expected given the way the stock markets as a whole have been today as well as the fact that we have plenty of FED meeting that begin Wed. and don't end until Fri.
Don't freakout it's going to be OK. Most likely just a better time to OPEN a position and or make use of trying to DCA.
You've got further support at $1250 and $1200. Not likely that it just Nukes to $600 if that's what your worried about. Depending on your position size for most people they should focus more on buying this dip rather than selling and or getting liquidated or doing so themselves. Looking forward i think we see Eth above $4500 within 12-24 months 36 tops. the next real bull run should take Eth over $5k and possibly over $7500 before a retest of the lows that in the future i believe will be $1800-$2500 at their worst and NEVER again see sub $1500. so, enjoy these prices while they last and rather than FEAR them, take ADVANTAGE of them.,
Bears are winning todays Bitcoin BATTLE.As stated in prior updates this morning i expected to see the range at $19.5k taken by the bears and then for them to follow up with a line in the sand at $19.4k for the next TEMP. line of R.
This has taken place and the bears co0ntinue to remain in control and i foresee them continuing to walk the Bulls down level by level. The next level they are taking is the $19.3k range unless the Bulls step in with more aggressive buying orders this will shortly become another level lost to the Bears.
In the bigger picture all of this is a GREAT range to begin DCA and or accumulating your start to a Bitcoin future. However, if you're trying to trade daily/weekly/level by level than this is the information you're most likely looking for.