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Crytpocurrency

Ethereum : Intraday Technical AnalysisAnother downtrend of ethereum has started after the price got rejection from 2100 multiple times. I don’t like to go short on crypto currencies due to the extreme volatility. My idea is to enter at 1600 after the price of ethereum faces rejection around 1800. My goal will be the resistance 2000 for short term. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
COINBASE:ETHUSD
by JBShark
APE back to $5 and RSI TAOne of my favorite and most helpful tools when doing TA is identifying patterns on the RSI. Many understand that patterns like wedges and channels are extremely helpful in increasing the probability of a trade but many don't know that you can do the same with the RSI. I have a few examples of this on my page but here's another one before the fact. The RSI broke the ascending triangle to the downside and is in the middle of a bearish retest and potential rejection. When the RSI breaks down before prices it usually means prices will follow.
COINBASE:APEUSDShort
by CryptoNCoffee
3
BTCUSD 4hrly Inverse Heads & Shoulders + Bullish DivergenceBTCUSD recently printed a bullish divergence on the 4hrly chart (lower low in price with a higher low on the RSI) and at the moment it would seem that and inverse heads and shoulders pattern is in play with a target about about 35000 - 36000 price. The recent bounce at the neckline above the right shoulder area after the breakout at about 29500 seems to have given more weight to this pattern playing out. Just sharing an observation. Overall market has been bearish. However, with the recent bullish divergence and inverse heads and shoulders pattern there could be a short-term bounce. There are 3 things that give weight to this pattern playing out: 1. Recent bullish divergence to signal a possible short-term reversal. 2. Breakout from the neckline of the inverse heads and shoulders pattern. 3. The bounce on the neckline support after the breakout from about 29500. Only ever trade what you can afford to lose nothing is ever 100%.
BITSTAMP:BTCUSDLong
by mdyassink
2
BTC range retest. Consolidation is key.While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit. Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is. My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower levels, and maybe even fill the cma gap at 24k. THIS IS MIGHT BE OUR TIME TO BUY. 24K/28K IS GOLDEN AREA. If we are still trading in the range, a bounce should be expected with a long consolidation back to 35k levels. If we are no longer in a range, keep your stop losses tight and your risk management in order.
by nicolapolitopoulos
8
DOGE: DONT GET CAUGHT IN THE WICKElon has once again moved markets without any other action than simply him existing . Twitter has officially accepted his buyout deal and will take the company private at $54.20 a share . So in relation, Doge pumped on this based on the "Rumor" of this deal and now it officially hit the "News" . Sometimes it's always the old simple sayings that prove to be most valuable. "Buy the Rumor, Sell the News" Let's see if it proves useful once again. Something also to note, is that since May 2021 , almost every time DOGE has pumped as an outlier in respect to the rest of the market, it systematically led to more downside for Bitcoin (BTC) Until the price breaks out of descending channel NOTHING has changed.
by NoOneWhoIsSomeone
3
BTC 1hr almost to my buy zone. then I'll average in. Even if it all fails i think we will get a nice final rally. I only think it will fail because old systems will attack it. They have to prove its vulnerability. Though i feel like if the currency value dropped to a ridiculously low value they would not refund me the loss. Im not getting a check for my losses to corporate greed during a time of war. So on the note of belief, that humans are just not trustworthy. I like blockchain. I like that it has become so much in just a decade. I also like making money on it in the short term. This is the same as an art lover, or a car lover or anything we value. We invest. I remember my early gallery days when prints would sell out of an artist signed and number lithograph. people would buy 10 at around 200 to 300 a piece then hold them for a couple of years and then sell them for excellent profit on the secondary market. There was no value there. They were copies of an original. Art has been a similar market for centuries. Miami Has an art vault that stores valuable paintings in certification for a loan against value. This is "Air" Elizabeth Warren, being turned into cash. Like bottled tap water. Is the art even there. It is sad to see leaders like Warren sound so - either unknowing or knowing and corrupted - wrong. Saying things like bitcoin is nothing without a single reference to , "yeah maybe it's ok for third world countries whose corrupt governments would seize their money or just cancel it an issue a new currency to wipe out wealth. Because that is all very real and very public news for a very long time. I do not see the government saying all art should be government backed due the the decades of money laundering and price fixing. Any hoo. Waiting for buy-zone, I don't like to buy to early. so I set the parameters and wait. then I can buy more at a lower price. What? what if shoots straight up, ok, I have long term holdings. And I just do some more charting and find the next trough.
BITSTAMP:BTCUSD
by mindfree
1
Entries do not matter (Course #3)Entries do not matter (Course #3) One thing that I have read many times but never believed is, entries do not matter. After trading a whole lot of different strategies in a repeatable fashion (algo trading), I found that indeed, entries don’t matter. Of course, if you get in at a bottom for a long or at the top for a short, it feels nice and the entry is absolutely great, because you get the maximum possible outcome in you think about the market played out. This being said, over time, what will make you successful is really a factor of when you exit AND your system overall (covered course #5). You should not look at the market and hope to get in here and exit there, because the market is not consistent. The market has no rules and no discipline. Instead, you should look at your system and hope to get out when it’s the right time. It is the same in life, look at what you can control - here this is your system, since you can't control the market. READ THIS AGAIN. In other words, let’s say I always enter at the wrong time, but the price always goes in my direction for at least 0.25% before going the other way. If I can exit on that 0.25%, I will make money! If my – consistent, disciplined - trading system can get out at 0.25% all the time, it doesn't matter I had a bad entry, because first of all I am not losing money and second, I am making some. So yes, entries don’t really matter, but exits do. Look at Crypto Face of Market Cipher. Very often he enters before a pump, because he is good and because his indicator is good as well. You can call this a “good entry”. But sometimes, he does enter and the trades goes against him. Many times I noticed he would not close his trade, and just wait overnight for it to come back. Let’s say the price does come back, and now goes into profit – he exits. What mattered? His exit. If he had exited when the trade was against him, he would have lost money. In his book “Trade your way to financial freedom”, Van Tharp talks about it and he explains how a random entry system can beat any other system with a specific entry technique. Whether you are trading algos or manually, you have to understand that it doesn’t matter when you enter. What matters is your system and when you exit. My #1 profitable algo is designed to never get in at a bottom or a top, for respectively a long or a short trade. Yet, this algo strategy is profitable.
Education
by Maddrix_club
BTCUSD 4 Hour chart - Wanting that base to dropI cant imagine a better time for the crypto market to drop. This is where you reinsert your profits. There are plenty of stories to ascribe the drop to and if BTC hits 26k we will all get the opportunity to watch it soar. In my predictive thought. Everything can fail. We can loose it all any second. including life. So i'm not predicting a path of failure but i am always looking for the signs. News, research, and different groups are all ways to monitor the pulse. For me, for my main method, if i see the geometry before the reason i have to look for other reasons. But my main belief is based on the growing adoption and need for decentralization. If you put the whole story together. Bitcoin was created to facilitate a reverse wealth transfer. from the 1 percent back to the world. All you have to do is take part.
BITSTAMP:BTCUSD
by mindfree
15