Pros: 1. 2 yrs since traded around $4 2. price took off in a big way since the $4 range 3. price is falling fast into weekly demand low risk / high reward buy limit order at $4.60
hard to see it now but something like this could play out using trend lines.
if not bearish scenario then would love to see a bullish channel to $120k
My buy limit order is in at $24,250. No stop-loss.
Bearish until demand and then bullish to new all-time highs.
could be some demand near the bottom of this channel
I purchased VGX 27 times since March 2021. My highest buy price was $6.10 and lowest 1.599. My average buy price is 170.18 VGX at $2.74. The all-time-high (reported by Coinmarketcap is $12.54). My DCA price is about a 78% discount from the all-time-high. We are currently sitting at the base of a large triangle formation. Price may range at these levels until it...
Chainlink ($LINK) has corrected quite a bit relative to Bitcoin. It's down approximately 50% since the pivot high in May and now trading in its "fair value" range. The first demand zone below fair value starts around 0.000450 BTC. The yellow-shaded area is where supply and demand was in balance for a short period of time followed by a surge in buying. If and...
I'm going to keep this simple - Three reasons why I am buying more BTC at $24,000 1. Price rallied from $24,000 (see yellow-shaded area). This is proof that demand exceeded supply in a big way. If that were not the case price would have been trading sideways. 2. Bitcoin has yet to visit $24,000 for the first time since it rallied from there. This tells me there...
I'm looking for long-term opportunities to convert my dollars into Bitcoin. This is the monthly BTC/USD chart and the yellow area tells me that demand exceeded supply in a huge way. We have yet to visit this area for the first time since so this is a "fresh" demand zone. If or when price ever returns to this level I will be buying because the odds will be stacked...
I own both Square $SQ and Paypal $PYPL. I've identified some demand levels where I would buy more Square than Paypal. The yellow shaded area are Square demand zones. The top line of these levels is my entry point to buy more Square than Paypal.
on june 15 BTC/USD fell hard to $8,900, stayed there for a brief time and then demand exceeded supply in a big way. If and when price returns to my demand level I will be buying. Buy limit: just above $9,143 Stop loss: just below $9,037
The EOS/USD hourly has a decent demand zone at $2.55. Price rallied from this level on May 20 and has not returned since then. I will place my buy order just above this level. My stop-loss is just below $2.52.
Notice how price fell down rather sharply from $9586 (yellow shaded area). It first tried to go up but supply exceeded demand and fell. Price has yet to test this level since. I'll be selling just below $9586 with a small stop loss above $9665.
I've identified a demand zone at around $128 $BYND. Price rallied from this level to $163 and now price is approaching this level for the first time since then. Small stop loss set at #123.
$SQ is approaching strong weekly supply around $94. You can see price near this weekly level on the hourly. I expect a move down until we hit demand at $70. $70 is a good demand (buy) zone because price has yet to fall to this level since price rallied from it on May 7, 2020. Long at $70 with a stop-loss just below $68
$VOO has seem some great gains in the last couple of months. I've identified some demand at 233. Price has yet to return to this level since rallied from it. Could be a good buy at this price.
WAX has recently gained popularity due to a partnership with Topps and the successful launch of Garbage Pail Kids on the WAX blockchain (an EOS side/sister chain). Price left the $0.048 level in a big way and has doubled in value in about a few days. WAXP/USD is currently trading around $0.08. If price approaches demand at $0.048 I will be placing a buy...