edutradinguru

edutradinguru

Hello, as you probably noticed, pricacy coins were (with XVG exception) were left alone in a corner while all other alts were having fun lately. This sector can be the last one to benefit from a stationary situation with BTC. This is a new index you can find on FTX and it is a good idea to buy it if you wanna profit from the general sector while not having a...

edutradinguru

Hello, the previous short on this pair worked even if not that deep as I tought. Now we have another good chance to short it high since the setup is the same as few weeks ago and there is a hidden bearish divergence on daily as a confirmation. Targets on chart

edutradinguru

I did not pay attention too much to the Decentralized finance trend in crypto because until few months ago, just classic lending platforms were on the field. Now things changed. It has reached the front page on the crypto world because of the launch of the COMP token (will talk about it in a seprate idea) and the DeFi future on the exchange you see in the graph....

edutradinguru

Hello, Dash is currently on a long term support, showing a double divergence (higher mins with lower RSI) signaling an exhaustion of sellers. In general Privacy are the best set up for a small rally. Already said about monero XMR (see the linked idea), also ZCASH looks nice, still waiting for a breakout on that one tho. Dash is the most interesting one now...

edutradinguru

Alt Dominance can give us more insight on the direction than what BBTC dominance could do as the latter is still trading within the triangle identified in the linked idea. Indeed we see what it seems to be a breakout of the triangle. Not very strong, actually the "price" is dragging itself beyond the trendline just staying stationary and because of time passing...

edutradinguru

Hello, this is a relatively new token (I would call it index though) very very very interesting because it replicates the VXX index of traditional financial markets, which is based on VIX (SP500 implied volatility). In the same way, this index is linked to bitcoin implied volatility. It is only available on the exchange you see. Basically, this index will gain if...

edutradinguru

Last time the total # of positions in the market (both long and short,with just bitfinex considered) was that low was July '19 and btc started its decline from 13k to 6.5k (the covid happened). True that thera has been a serious outflow of btcs from exchanges in the last quarter and the data can be affected by that, but still the value is really low (wouldhave...

edutradinguru

Not even the long/short indicator (usually a contrarian indicator) gives us any insight about the next direction. Its level is 1:1 (excluding hodlers that are long by definitions and do not trade the trend) meaning that for each long position there is 1 short. Total uncertainty among market participants. Shorts are at their min And so are Longs It means...

edutradinguru

Hello, two of the previous trendlines (black) were broken. Now we have two possible trenlines (and related ascending triangle), in blue. One is already broken to the downside so , should the today close be there, the traingle would be invalidated. The second blue line seems to perfectly act as a support, giving us some chances of up movement. In the previous...

edutradinguru

Hello everybody, we, myself also, tend to overcomplicate things. The secret is in simplicity, and a week in which btc did not move at all gives the possibility to stop for a moment and go back to the basics. I have been bullish for the past weeks, but the more the price does not move, the less likely the scenario becomes. So let's detach from my expectations...

edutradinguru

Here an interesting comparison between the two main gold-replicating coins PAX/BTC XAUT/BTC with gold itself. While pax replicates pretty loyally, pax's value tends more to oscillate around the gold value. Currently the difference is 0.03 btc (13%). Let's see how it plays out to consider this trade in the future.

edutradinguru

Hello, despite I like this stock a lot, we must be honest and say that the Short Term action is short. Bearish Divergence on the daily and there is still a gap to be filled at 95-111. Won't happen all of a sudden, 135 is a medium level, many volumes occurred there. My strategy is to buy a put 135 10Jul (120$) and finance it with the sale of a 175 call with same...

edutradinguru

ZRX seems willing to continue the rally after breakout and retest of the triangle. On the chart my target and stop loss. There are two possible trades here. TP 1 RR 4x (40% vs 10%) TP 2 RR 6X (110% vs 17%) I opted for a mix of the two: once first target is reached, I will close half of the position and move SL at break even, then I will let profit go until some...

edutradinguru

Hello, this chart signal the potential end or pause of the shitcoin index rally (formed by top 80 coins as showed in the chart). Astonishing they are at pre Covid levels. This can mean tow things. Either the altseason has ended (less likely as per related idea), or, squeezed all possible gains out of Shitcoins, the investor attention will be shifted gradually to...

edutradinguru

As stated in a previous analysis (linked below), privacy coins are outperformng BTC and all other coin indexes since Marchlows. They are still outperforming, already above the levels before the 12th of June drop. This is an index you can find only on FTX (it has many other indexes worth of be kept in mind and monitored to have a general idea of the overall...

edutradinguru

Hello, for the first time since 2017 it is time to invest in Altcoins. As we said, thereis not much to squeeze out of them, downwardly speaking. Indeed, the drop of the 12th of June did not affect the dominance much. The trend is downward, so BTC is losing dominance against alts. Since they are all very cheap, it is time to create a new diversified portfolio...

edutradinguru

Hello, I make a quick update Nothing changed though for the moment. There has been a drop but we are still above the support line (tested successfully, even though not a very strong bounce from there) and inside the ASCENDING triangle. Lows are higher lows as of now. The retracement areas (green boxes) have already been tested perfectly in the first half of...

edutradinguru

Hello, It's been a long time since I wanted to have the possibility to finally say this: LONG on MCO! Let's see why I bought it and staked it right today. FUNDAMENTALS This is one of the two coins of the environment crypto.com (previously known as Monacocard) that allows users to get a cashback card at no cost just by blocking MCOs on the platform. This...