Trends
BTC takes a breath?Due to previous analysis on BTC, it had a collapsing.
As I've considered, correction pattern is a regular flat. However it can be more complicated.
So if there is no other scenarios, by more collapsing (probably in the zone I've specified with two black lines) wave 5 can be started.
ETH USD PLease Hold your Longs!Hi All Since these are my first few posts on Trading view so If could could kindly give me a link and feedback if you like and agree, and if not please still comment, share and help support much appreciated !
So today ETH has reached another ATH against USD with high being at $3619 which is incredible bullish gains for ETH and means ETH will continue to the Estimated $7000 in 2021.
Amazing for ETH as predicted alreading in 2019 and but I know you may not like to read this idea, BUT I notice on todays chart that there is a Bearish divergence arising on the 1hr chart.
This can be seen from the resistance and support levels on RSI indicators and can be seen on the Uptrend analysis on the charts. On the charts I have included these lines to show, We can also see that today ETH had a very long bearish red candle which we shorted all the way down to the EMA line at 4020. It did not go lower than the EMA, FOR NOW! So with with this bullish divergence new, it could mean that we see a regression down to the bearish divergence which I have measured is at 2800 .... AND if we break this, then we could try to break ETH's support which is at 2500...If ETH breaks this support line, signals a Bearish market... Also on the 1D daily chart we have a Red very Bearish candle forming, which has a few days to run down to the EMA level and lower....
Sorry to inform!
Be prepared for a correction or perhaps a bearish trend down to at least 2500, However if ETH does not break below the EMA at 4200 when we see another red bearish candle, than expect that ETH could potentially continue up higher, Im bullish on ETH reaching ATH at $2700 right now in the few hours....
Have a great day
Stop Ethereum!As you see, there is large upward W-X-Y pattern.
The waves W and X are completed and now it's within the wave Y.
There is a A-B-C pattern within it which two first sub-waves are completed but C portion is remained.
Within the sub-wave C, waves 1 and 2 are completed and 3 will be completed soon (waves 4 and 5 of it are remained).
Then wave 4 and a upward wave 5 from a larger degree are going to be completed (maybe in the zone I've specified due to Fibonacci ratios).
So you can enter to make a good profit!
DOGE is resting for a jump!As you see, a upward W-X-Y pattern is shining!
It's within the wave X and correction portion of the pattern.
So the correction should be completed (maybe up to the Fibonacci ratios) and after that a upward A-B-C pattern (probably) within the wave Y will be started.
So take a break and get ready!
Looks like a hidden bullish continuation...Since ADA broke $1 in February, its price has made higher lows while RSI and MACD have made lower lows, as shown in the chart. My understanding is that this signals a hidden bullish continuation. Also, it appears that the daily MACD is about to break to positive. For these reasons, my bet is that ADA is on its way back up this channel to $1.50.
I am new to this, so please let me know if my terminology is off or if I am misreading the signals. Take care, and GL!
Irrational behavior: Fleeing winnersI do not know if one is born a trader but I know one can be born NEVER a trader. Those that have these bugs in their programming that make them do things that make absolutely no sense, there is no point even trying, they are set to fail from the start.
I think learning about your own tender feelings is totally useless, if you have these tender feelings I am pretty sure you'll never make it no matter how many excuses how throw at reality, which is yet another irrational thing to do and so silly to expect it to make a difference 🤷♂️.
But learning about other people tender feelings is certainly interesting.
Running winners is variable the ultimate objective is not to be a robot. And the variable might be increasing right now which is a reason for me to write this little piece.
First of all I think this period of the year is more lively than the winter, but also notice the pattern americans are following:
"In the first round of economic impact payments, households set aside 29% of their checks for consumption. In the second round, that fell to 26%, and in the most recent round fell to 25%."
The S&P 500 broke out of the Donald Trump trade war broadening wedge. It remained above, kept going up, now even broke 4000 and bears are getting slaughtered, skeptics are slowly being convinced it won't crash like 2008. You know the saying "1 by 1".
Americans fear is diminishing, unless it's just they have no choice, I think their fear is reducing, and they are spending more willingly, gambling some of it on meme stocks.
We saw the Yen do this thing it sometimes does. Lots of money is being printed, activity around the world is growing.
I think we can expect big trends, Forex was creating depressions with how bad and tight it had gotten. Finally!
Trying to run winners for kilometers in a calm market is stupid, but not as stupid and running away from winners like they are Michael Myers.
Nobody makes money being a (redacted: kitty-cat). The whole idea is to catch big winners. It's the whole point of the markets. They trend.
The idea is that when the market has a big move in a direction you sometimes catch it, and when it has a big move against you you NEVER catch it.
Why would markets even exist? Why would anyone ever need to hedge? It's so stupid I can't believe it.
Hedgers = avoid market exposure, avoid all moves. Speculators = take the risk from hedgers, want market exposure. Noobs = Only want market exposure when they lose?????
Imagine this, get in the mind of losing traders:
You sell, the price goes down, and down, and then there is a pullback with a perfect double top or whatever you like and would normally sell every day of the week.
But BECAUSE YOU ARE WINNING YOU DON'T? Lol?
And then to "go faster" they go take huge positions that destroy them, and get into day gambling and so on.
These lose-loving bagholders are the reason why Bitcoin only bottomed AFTER they capitulated in March 2020 when (and weeks after) the price collapsed 60% in a few hours.
Gamblers addicting to losing were constantly selling the instant Bitcoin went up and buying heavy bags as it went down which leads to more selling pressure (after a buyer buys, he becomes a potential seller).
Once all the - most of them - quick quick gambling bagholders got wiped out, there was no more run-away-from-winner losers preventing Bitcoin from going up.
I have been buying US indices since October and I have no intention to stop. If I have urges to "play" like day gamblers do, I'd much rather buy a bit more of S&P.
Does not have to be much. 10 bucks turbos with a 2-10% KO (so 100-500 bucks worth of S&P) every day is objectively smarter than day gambling every day on it with a few hundred bucks.
If it keeps going you can turn a small account into a small fortune. At some point just have to be careful the risk is limited and the exposure does not become insane. Can always sell and then buy back. Say you had a call, close it and buy a new larger one. Just to make sure if it goes 1987 or 6 may 2010 all these gains are not lost but this is not the same as just exiting and that's it, you're still under exposure to that winner, just making sure risk is limited, and profit is not.
As it keeps going these profits can snowball into something so monstruous not even kidding. Start with an initial 50 bucks risk end up with a 150,000 euros win dead serious.
Meanwhile some ****** idiot made 30 bucks as soon as it went up. And felt good about it. Good job man!
On Bitcoin the noobiest of them all, you can see bagholders breakeven at areas where they previously bought.
No one gets greedy and just wants to keep piling in into winners and bulldoze their way up?
All About the Main Crypto Trends 2021 (IDO)Today, the cryptocurrency market is undergoing very good times: Bitcoin 60k, Altseason, for 4 months already many projects have been updating their historical highs, the popularity of DeFi , NFT , as well as now the IDO boom, as there were an ICO and IEO at the time.
What is the difference between IDO, ICO, and IEO?
IEO and IDO in general are the same, except for the platform that hosts the fundraising process. Speaking of ICO - a project takes full responsibility to manage transactions and operations on an inner platform. If it’s IEO - a centralized exchange host the “ICO” in-house. IDO is the ICO and IEO both in one, but a centralized exchange is replaced with decentralized.
IDO has a great advantage on IEO because for IEO you need to pay exchange fees, which is raising up and up as the market develops. For IDO you do not need anybody’s permission. It's a synonym of decentralization - instead of exchanges, community members are the ones who vet projects and tokens. It opens new horizons.
Unlike 2017 (ICO time), platforms have appeared that select options and provide an opportunity to invest in projects such as Coinlist, Poolz, A2DAO, DAOMaker DuckDAO, Binance Launchpool, etc.
Bulk has been active on the market for over 4 years and has attracted millions $ to fund seed and private rounds.
Expected to be released of a similar platform soon — Bulk Network . They have impressive examples where they have participated in such startups. As a rule, such projects have turned a profit.
New projects give such platforms small allocations to raise funds in which many want to participate. Allocation is an allotment of tokens or equity, that may be earned, purchased, or set aside for a certain investor, team, group, organization, or other related entity. This happens in the form of a lottery. Usually, the retail investor is allocated from $100 to $1000 since the demand is very high.
Last time on Coinlist there was a queue of 400 thousand active accounts to take part in Casper. It was crazy
The market is bubbling. There are many opportunities to make money.
Naturally, investing is fraught with risks, so use money management.
Best regards EXCAVO