Hey fellow traders.
The sell pressure has been mighty intense lately. We had a stop hunt for longs and shorts making this market pretty tough to determine which way it wants to go. Thus, making it hard to base trades off of. Lets take a look at the long term overall perspective of BTC. Looking at the monthly chart, we reached the 13MA. Its common to assume that...
Good day traders,
There has been a lot of noise going on about this "Descending Triangle" pattern. Even though trading patterns have been proven to not have a statistical edge, price action is still hard to ignore. Here we can see on the chart that during the 2017 parabolic bull run, a descending triangle formed. Now if we use trading 101, descending triangles...
Good Day Traders,
Bitcoin is has been on a ravaging move upward lately. Finally we see the steam has been blown off. Some analyst are calling for a 10k hold, some calling for a drop back down to yearly lows. Through my not so extensive and quite simple analyst if you do in fact ask me why we will see a 8K to 9K Bitcoin. As you see here, on the weekly chart the 12...
WOOOOAAAH ! What a time in crypto. As I have lined out here the bearish wedge played out nicely and what a good time it is to be short. Market sentiment was rather bullish and as expected a correction was due. What kills me is the moon fans that seem to never learn but instead follow their favorite YT personality. The 2 scenarios I saw a lot on here was we are...
ADA is showing good signs for entry. Bullish divergence on the RSI. Also double bottom at support level makes this trade a low risk high reward scenario.
A good time to buy Trx was at the buy zone as I was late to posting this idea. I was fortunate enough to pick up some Tron at my Target buy zone. We can expect Tron to rise and reach our target sell zones. Possible entry point if late to the party is in the 340's range, but the absolute best was in the buy zone. Otherwise wait for a short signal at the sell zone....
