Breaking above the red line means some big guy has loaded off their BTC into the market, already! In profit or loss...? That's none of my business! Just like predicting the drop to 16k and a rally afterward, now I have enough clue for detecting the end of the rally. Am I wrong, please correct me in the comments. These days I need to review some basic facts with...
As I said in the last idea, I went short on Bitcoin but this time not a regular position. I did set up a short grid, top 32k, bottom 20k, and entered at 30k because I guessed that the short-term momentum would cause a lot of ups and downs in this zone. So far it's been doing very well (~30% profit) but what I expected was much lower as drawn on the chart. And...
It's getting more serious! Volume and momentum are far lagging behind the price. I'm out for now taking a profit. Will wait to see what's going on with Rate Hikes and Banking situations. Probably be out for a couple of months watching for a double-bottom formation kind of thing or a strong reliable breakout. Actually, two scenarios are attractive to me: 1. A...
Volume and Momentum are left behind for this last part. Technically this may not continue as a sustainable uptrend but... there are always some buts! I personally bought at 16 and don't see a point selling here, will try to stake some cash to add to my position in case of any notable downward movements. Good luck
To be honest, this amount of supply surprises me at the current price point, but the chart doesn't tell us anything else actually. Ethereum is being widely distributed so, where to be bought again at? Don't know at the moment.
I think any smart mind in crypto should've some sort of long position/holdings so far, BUT is it done yet?! Usually, the bigger bull runs in crypto start right after a Capitulation event i.e. the price drops fast in high volumes causing lots of fear and tension. It doesn't necessarily mean that it must happen again. Even one may think it has already happened in...
It happened! The setup is complete for BTC to launch. 16k to 15k is proved to be safe buys. For more information please refer to the related idea: Good luck
Same setup! It's highly probable that Ethereum goes for another test of the lower side and we should see if it holds. Also plan for a sudden breakout upwards. Usually triangle breakouts are followed by a retest of the upper side. So, taking profit at this point seems reasonable to me. Good luck.
The Accumulation/Distribution Line shouldn't have gotten this high actually. While we're in an overall downtrend, this is usually a sign of another leg down. The OBV is also lagging on the breakout. I personally took some profit at this point but don't dare to open a short position because of the very strong upward momentum. It may continue to 22k the same way. Good luck.
A crystal clear divergence on Chaikin Money Flow (and other indicators like RSI). Massive volume on recent corrections which can't pull the price any lower. MACD is green (positive momentum). DXY stalled at key prices*. *Please take note that BTC does not need a notable drop in DXY to be able to pump. A midterm range market for the Dollar will open the...
Hmmm... Bouncing from here? Not really probable. Too many resistances with low risk-reward ratios. The volume confirms that it's not an attractive price range yet. But if it gets to the 19.5k zone with a more rich volume, I'll jump on it after the first signs of support.
A funny idea about how institutions trap us ;) Happy trading
All the scenarios are still on the table! Best price predictions here ;) Scenario #1. This is an accumulation phase (something like the popular Wyckoff's) Scenario #2. Those who should've bought, have bought! And they'll continue buying every correction, too. Scenario #3. All this has been only a test and more are on the way. Happy trading
Bitcoin shows a nice response to the demand zone. I think it's a safe area for DCAing. Warning: Don't go early or probably you'll get stopped by some fast and tall wicks. Just an idea that I'll definitely follow. Not a financial advice, DYOR.
As the market continues to move sideways, the range narrows and the point of the triangle is almost formed. The volume is acceptable and the daily momentum is positive. The breakout (if happens) would probably send the price to a new level very fast.
OK, as I guessed in the previous idea, it was definitely a bull trap and ONE got landed at the first target. I think the area of value in September will act as severe support in any future and it's not a bad idea to start DCAing here. Educational: Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested...
A clean Harami Candlestick Pattern is visible on the latest weekly close with notable volume. Educational: A bullish harami is a basic candlestick chart pattern indicating that a bearish trend in an asset or market may be reversing.
1. Increasing volumes are resulting in smaller candles. 2. Hidden divergence in RSI and A/D line. 3. BTC unstable situation. Got a short position on my ONE and will be waiting to buy back in the coming weeks. Good luck.