This is a fib circle, I just saw the pattern forming a couple days ago but couldn’t pin it to anything because I don’t use this tool. I generally use Fib Channels but this thing just kinda fell out of the chart at me. I honestly have no idea what it even means to be fully honest but someone will be able to explain this. @EuroMotif maybe?
Good morning folks, I watch DOGE coin everyday, but it’s not by leap of faith or blind optimism. DOGEcoin actually has value written deep inside its culture and its purpose. DogeCoin earlier this year found exaggerated heights after the first Great Bull Run of 2020. It was definitely manic buying, followed by panic selling, but what crypto currency didn’t have...
Hi Folks, I’m a bit obsessed with Wyckoff distributions. They seem to show up continuously in many reversals and show similar to a neutral rally. These are dangerous situation to find yourself in, because they seem so innocent, the recovery of price is extraordinary, and before you know it, you’ve got yourself a bag, and you’re holding it. Fundamentally it’s...
This is the progression of a potentially volatile situation for BTC. This last increase on the 1D was parabolic. This means a retraction of 80% would be permissible. Unfortunately, this would have it lie beneath some very critical supports. This has been seen before, as you can likely recognize. This is what happens when those who lost money during the...
This asset in particular is being monitored heavily by Bulls. So, when it breaks, it will break quickly, but below are all the mandatory points of procedure when it comes to this type of consolidation. The asset could fall below your entry, to a double bottom on the longest wick of this triangle. Set this as your stop loss because anything below this and it’s...
Simple chart I throw together before I trade an assets. Helps me see how clean a chart is. Rsi, Trend lines and Trend-Based fib extensions!
I’m a dumb ape, me no trade advice. We’ve got some resolved overbought RSI, and price channel signals to boot. Entry would be good around this range for shorts. Although if it does retest the bull channel, a short position could have a higher entry. But, that isn’t necessarily the case, we work with what we know, and for now, it looks as though this entry would...
For the longest time… I was living a Fib. - Since I started trading, I saw this pattern emerge over and over. I would draw these lines connecting very integral price points. … Turns out, I was just drawing Fibonacci channels. … This is bullish and bearish price channels for BTC. … Let me know if this is done properly, it would be very helpful to have the feedback.
CIX gone. BTC, about to eat shit. TSLA, GONNA DIE. SPX, that's next. This short is just getting started.
Called it. Welcome to the Investacenter Folks. And we're just getting heated up. SPX tomorrow.
3 years in the market, studying each day has taught me a lot, and I'm still learning each day. But with a background in Psychology and an interest in Education, I want to know that part of the markets YOU want more information about. In the comments below, list off some simple topics for beginners that want someone to help explain things from anything charts,...
Last week I blasted out my own take of what was happening in the Crypto Market. Specifically with a variation of this BTCUSD chart. I began to explain the bubble what caused it, and most importantly what this pop will look like. A delightful follower send me to look at the Wykcoff Method, which led me down a rabbit hole that really allowed me to zero-in on this...
Swayzepunkz is short on BTC/USD . This is what a bubble looks like. It started at the beginning of COVID and took off again in the $GME frenzy. Many players made this huge. However, bubbles pop, and people suffer. I believe this to be true with Crypto 110%. . As you can see, the bubble began the pop, about 49 days ago, and dropped a whopping 50%. . I know you’re...
Please be careful here guys. I don’t think I have to explain this chart. If I do, questions in the comments.
BITBAY:BTCUSDT sometimes feels like a winding road of volatility and confusion. It is until you understand the meaning behind the madness... In this week's: What The What?1? with @SwayzePunkz. SwayzePunkz is an educational service, we're, of course, never soliciting any products we're just looking after the average investor, from beginner to advanced with some...
I've made posts about this topic previously on my personal account, but it's time to show you what SwayzePunkz is all about. Disclaimer, just a dude that has some experience in the trading community, since 2018. This seems to be something I'm naturally good at, so I would like to share some of my thoughts... Not trading advice, just a dude with something...