SamTheNoviceTrader

SamTheNoviceTrader

Eth has shown weakness against btc in the recent weeks. I believe we're gonna continue seeing bitcoin underperform bitcoin in the following months. Be prepared. Plus, look at the on-chain data and compare eth's outflow vs. bitcoin.

SamTheNoviceTrader

I bought some Link at 18$ the other week, cause of this chart. Weekly logarithmic chart, the price has respected this channel since the start and we're again at the bottom. There will be ups and downs for sure but I believe we'll see link 5x-10x in the not-so-long future. Very simple chart, showing so much promise. DYOR

SamTheNoviceTrader

So, I'm gonna keep it real simple. Bitcoin is in a very important area. Keep in mind that not everything in Bitcoin is technical charts. You gotta look at the on-chain data where Bitcoin balance on exchanges is making new lows and where miner inflow is at the lowest (meaning miners are not selling). I believe this bear run is over. Weekly RSI is also looking to...

SamTheNoviceTrader Updated 

This is a simple trend analysis. the long-term trendline has stayed intact so far and a double bottom may be in the cards. RSI is also at a very low point. While these imply an upcoming reversal, you should stay cautious in the next few hours until we can say for sure if a reversal is on the way. The breaking of the trendline will take us down to 57, 55 and in the...

SamTheNoviceTrader

I didn't change the trend lines from my previous analysis where I told you to short Shiba and now we see Shib has successfully broken out of the descending channel and is ready to test the main trendline one more time and I expect a good reaction there. Long Shiba 1st Target: 58-60 2nd Target: 70-72 Stoploss: If a 4-hour candle is closed below the trendline.

SamTheNoviceTrader

LPT is definitely a great project and worth hodling for the long term. I sold my LPT at 89 and now I'm looking for places to buy back. Keep in mind that greyscale has filled its bags when LPT was at 17-20 and they are still at +400% profit, so they will keep selling and trying to purchase more at lower prices. The first possible place for entry will be the...

SamTheNoviceTrader

I got no hate for Shiba, but the fact is weekly RSI is at 88 and the 4-hour trendline is broken. What I imagine would happen is a test of the daily trendline and the support at 0.000058. Short Shiba Target: 0.000060-58 Might go even lower but I suggest taking profits there. Stoploss: break and confirmation of the descending channel.

SamTheNoviceTrader

As you can see, bitcoin formed a falling wedge after hitting an ATH. On the 4-hour chart, we see that bitcoin has broken the wedge to the upside and then tested the breakout. On the other hand, November's coming, and as we all know Bitcoin does well in Q4. So I'm expecting a big leg up and another ATH soon. Note : This is not financial advice. Trade at your own risk.