JustChartThings

JustChartThings

emotional swings of crypto Twitter. This environment simply seems to be a dollar cost average level for long-term bulls. Very little to trade on as a swing trader operating on higher time frames - I wouldn't recommend it unless you're a scalping God, able to beat out most of the degenerate gamblers out there. I think volume is one of the most important...

JustChartThings

With everyone seemingly waiting for Bitcoin to leave the 6000s, up or down, it seems like the entire crypto market is holding its breath. Some of the alts with decent fundamentals are showing continued strength, bottoming, and accumulation patterns indicating people are willing to at least jump in now, even if Bitcoin trends lower. Overall sentiment seems to be...

JustChartThings

and very nice risk/reward ratios, depending on your preferred level of risk. Have a long bias based on the fundamentals of the project, so positive technicals like this is just a bonus and opportunity to trade a portion on the move higher. Notice bullish RSI divergence and curvature of the price action so far; only waiting for high volume interest to break higher.

JustChartThings Updated 

What to do? Chart is pretty self explanatory, with obvious signs of past support in the highlighted green region. Price level indicated would be the level at which I see last area of real support, underneath which the support channel may be invalidated by heavy selling pressure. I'd look to take half position here and half near 8750 Satoshis if we get there and...

JustChartThings

while Bitcoin is consolidating and we wait for trend continuation up/down. At these levels, it's not the best risk-reward for a swing trade, but still a good option for a long-term investment that is position sized accordingly. For me, Decred is a long-term hold and add on consolidation - e.g., at ~30% discounted levels shown. Near ATHs, Decred has remained...

JustChartThings

with entries as close to 7500 ideal, at 0.236 fibonacci retracement from the recent high. So far, simple mean trend reversion/correction here and a play for security tokens long-term. Bitcoin still in neutral territory and could still go below 6000 so for those considering long-term plays, important to risk manage by position sizing in.

JustChartThings Updated 

its low volatility and generally strong stability in the current volatile environment in Bitcoin and many other alts. Also signs of accumulation with the recent long period of a higher low and days with huge volume but minimal price movement. Recently, we've seen this in Augur (REP), which I linked below. Not saying the same thing will happen, but I see most of...

JustChartThings Updated 

with a close stop loss based on a shorter time frame chart. For a longer-term play you have support below as shown, so position sized entry in at this level and then near 850s would be the plan; I consider this entry more likely to hit than not based on price action, but when you have a long thesis for trading/investing on something it's important to take a...

JustChartThings

levels, with a stop at about 15% lower than current price. Difficult to predict target zones to establish risk:reward since we'll be bumping against ATHs, relative to BTC, soon. Either way, another coin that looks promising due to the incoming volume and easy to see where this trend begins to breakdown.

JustChartThings

as shown. Risk:Reward nearly 1:3 for the near-term swing play but much greater for a longer-term hold. They had run into some fundamental issues over the past 6 months if I remember correctly and likely the reason for the general weakness here. Many of these tokens trying to bring cryptos to card-based payment mechanisms - eventually, some of them will succeed...

JustChartThings Updated 

and setup for a nice swing higher as shown in the chart. 1:4 risk:reward with easily identifiable levels as shown. Platform's been functioning for a while and may begin to see some increased fundamental developments that should act as catalysts for at least swing trades. I'm ambivalent about its long-term prospects, but in the near-term I like it.

JustChartThings Updated 

their platform launch, likely sometime over the next 6 months. An entry here provides a nice risk/reward for the swing target of 650k, though you can see how limit sells can catch some profit on portions of the trade while waiting for resistance to be broke. Anything near 400k is a great entry for a long-term position here if you believe in the fundamentals. I...

JustChartThings Updated 

and some higher probability levels for support as shown. Current low ~9000s may be sufficient for a more sustained bounce back into this upward channel. However, I think based on the price action we've seen we only see a smaller bounce somewhere under 9500 and then a potential continuation toward ~8800. Closing under these levels would signal swing traders to...

JustChartThings

and providing some nice entries for long-term plays. I like POLY for a number of reasons fundamentally and I'll like it even more closer to these zones. Could it enter back into the channel shown if the general market continues to weaken? Absolutely. But, as this is generally for a longer hold for me, I'll tackle my entries with position sizing strategies to...

JustChartThings

as shown in the two support zones. 4k and 4.5k great entries for long-term holding or even swing setups. Easy to define the trend line here for risk-limited entries. Good underlying fundamentals on their browser Brave with some interesting partnerships on the horizon. Browser works great for those that haven't tried it yet.

JustChartThings

for another swing toward testing resistance in the 7000s. Support level shown would yield a ~1:3 risk/reward entry for a project that just released an beautiful DEX platform that works well. 4600-4800s ideal support area that also maintains the trend upward.

JustChartThings

higher. Excellent risk/reward levels of 1:4, 1:6, and 1:8 in a well defined channel up. Hasn't been affected by the recent pumps in many other tokens and may not be on many radars. While the daily volume looks good, if you look at shorter time frames like the 4 hour chart, you'll notice some odd behavior here in the volume, which you don't see on other...

JustChartThings

Risk-limited entry around $75-80. Overall great risk/reward here to play the breakout of the descending trendline (note, log chart). Breakout could occur if BTCUSD breaks out of current consolidation toward $10k, while NEOBTC holds - again, not necessarily a bad scenario. Nearly 1:3 risk/reward currently - buying closer to $75-$80 would be ideal for this setup.