cyatophilum

cyatophilum

In today's idea I will share a daily strategy and analysis for Bitcoin and see how Nasdaq is correlated to Bitcoin and why you should hold ETH or altcoins. Bitcoin Analysis & Strategy The analysis says that we are still bearish in daily, although price and the RSI have been making higher lows in the past month. It looks like more people are getting in, and...

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On the daily timeframe, the trend has been bearish. The price has been making lower highs since December, finding support at 2.5$ before climbing back up. However, price action has been narrowing , as we can see from these dashed lines forming a triangle. This is predating huge volatility could happen soon. Clearly, if we break above the 0.382, which is at 4.8$...

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DOGE, the meme coin , which can pump and dump based on a single tweet from Elon Musk. Is there really a future in this coin ? I don't know, but history has shown that it can be pretty volatile , and this is what traders are looking for. What does price action tells us ? The bulls are trying to push the price above the 20 day ema (in blue), for the...

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Even though the two coins are not comparable in terms of use cases, the one being a digital gold and the other a programming innovation, we can ask in which coin investors are putting their money. Is it better to hold Ethereum over Bitcoin ? As long as the price of ETH in BTC stays above this long term ascending support, the answer is yes. Is it a good time to...

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In my previous idea on Bitcoin, I was calling for ranging period. RSI did break out of its 3 months resistance, as well as price. This is sets up a change of trend. Now on the daily it looks like RSI is building an ascending support with already two touches, and maybe a third to be confirmed soon as a few more bars will close. When price broke through the 20...

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█  BTC daily chart It looks like BTC is going to be ranging in this area, currently trading at 35k usd after touching a major support price at 32k. The RSI is showing a nice descending diagonal resistance line plotted in green on the chart, which is looking pretty similar to what happened one year ago. The RSI started to break above this line before turning it...

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The smart rebalance strategy is a holding kind of strategy that works like the following: The user chooses a certain number of pairs, an initial capital and a rebalance timeframe. The capital is split equally between each pair. (ex. for 2 pairs: 50% on each). On each rebalance timeframe (on the bar it happens), pairs balance who grew bigger than 50% will be...

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One important thing when day trading or scalping is risk management . To find the good balance between risk and reward . So I compared the same strategy with and without Safety Orders. Here's an idea explaining how safety orders work if you didn't know: The strategy used for this example is a daily pivot & consolidation breakout. Before I explain the...

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In my previous idea we've seen that Bitcoin is probably going to be ranging for a few months, so meanwhile, it can be interesting to look at a few players who could potentially outpace Bitcoin during that period. I will not be going into the fundamentals here but simply share some platform coins with good momentum and price action, since platform coins seem to be...

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What Bitcoin needs before making new highs ? Here's what I think. 1. Bitcoin has to make support A new support means people are not anymore disposed to sell at this level. 2. Higher Lows and Higher Highs When we see higher lows and higher highs, it means that the Bulls are in charge. The small corrections are people taking profit, but the buyers remain...

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Now that was unexpected, at least for some people trading with leverage. A lot of people got liquidated, which explains the huge candle as Bitcoins dumps 7k in value (around 11% drop). A short term correction was expected, maybe not of this scale though. Price now trades at 46k$, which is a solid base on the 4 hours chart. █ Why you should look into Altcoins...

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Hi folks. Bitcoin has been up 25% in one month, and right now he is losing its breath. We will see why. He built a clear base at 30 000 $ which is both a round number and the bottom price from which we have seen buyers coming in at an impressive pace (21 july), all up to 42 000 $ after which we've seen a small correction down to 38 000 $, mostly traders taking...

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We may be wondering if we should buy Bitcoin now that he crashed more than 40 % since the last ATH at 63k $ less than a month ago. We will also look at Ethereum which is the second leading coin. █ BITCOIN ANALYSIS It has been two weeks now since Bitcoin got corrected down to 30k $. The fact that it left two huge wicks (circled in yellow) shows that this is a...

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Hello, today I want to share my current trading strategy. First, I will look at Bitcoin against USDT. The market is bullish and shows no sign of ending anytime soon, at least for now. From this information, I know I can trade the BTC/USDT chart, but not only. Because with all this capital flowing into crypto, usually (that's what used to happen everytime), a...

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This is crazy. Bitcoin went up +225 % since March 2020, and it is still showing bullish flags on all charts. This fact itself is the only bearish argument I see: who would long an asset already up +200% ? I always analyse assets multi-timeframe, starting with the highest. On the monthly, I used a log chart because it shows percentage price change instead of...

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Volatility seems to pick up pace recently. Mainly to the downside sadly, wiith a break below the ascending trendline that was created. Though it seems to have recovered to the 61% of fibonacci after trading below the 50% retracement. If bitcoin fails to remain above the 13550-13650 support levels (in green), there is a risk of a further downside movement. In this...

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Price formed a clear ascending trendline (slashed in white), RSI is above 60 plus recently MAs are slopping up. I would expect bears to fight at resistance around 380 €. A break below the trendline will be a weak signal.

cyatophilum

Congrats holders/longers! Time to secure profits and wait for correction and new support confirmation (previous resistance around 12k)