In times of extreme FOMO the Bitcoin Market can be an emotionally challenging place. The Crypto Weather Channel's Forecast Model (The Jet stream) spins out yet another price pattern in the Bitcoin chart to help us navigate these times. Also, a few additional price targets will be established as we approach this moment. No one but The Crypto Weather Channel is...
In trading, a bull trap is a situation where a trader (beginner) buys an asset believing its price will continue to rise, only to see it fall sharply soon after. If you inspect the SPX chart by yourself, you'll see: 1- lack of increasing volume 2- absence of momentum 3- lack of definite/sufficient trend break 4- retesting of resistance level (Major downward...
Good day everyone, this is my second psychology method. Today we are learning about FOMO. FOMO is another word for Fear of missing out. This means a couple of things in the mind of trader. "Oh my god, it keeps going up." "I am going to miss it" "Fudge it, all in" "I can make a lot of money if I go in." "It is going to the MOON!" When this comes to mind...
At the time of this post, BTC has a JDK-s ratio of 96.335 and a JDK-s momentum of 77.737. (I wish Tradingview had a RRG platform right now) This bearish sentiment is ever so slowly turning around and it is looking really good in my honest opinion. BTC has not dropped below 30k and still has downside risk. But the gains are getting better and the losses are (while...
- This is an easy one. Don't overthink it. $50 LTC is great price. - First coin I ever bought. - Little brother to BTC. - LTC is great leading or lagging indicator for BTC. - Grayscale as also opened up its doors this week. - Ill be happy with $100. If it goes higher, win win.
ENJ/BTC after strong fundament formed pattern bullish pennant , which is known for a bullish breakout out of it. I really like how the consolidation confirming BK231 as a support at 1D candles and the volume is moving down to the apex . RSI is ready for a bigger move and MACD + Histo showing first buys at 4H . First 2 sell levels looking very possible if bullish...