With BTC stabilizing above support, I think it goes to 70k next. This will drag ALTS up along with it. I am going to start dipping back into some of the previous positions which I was stopped out of with all the volatility. One such position was POWR. I like POWR here above the VRVP PoC and above that long-trending RSI support. I don't know if it will go to a...
Entry 1.37 Targeting 2.12 with profits along the way SL 1.18 RRR 4 This is an early trade for me as that Cup and Handle pattern has not been confirmed with a break of the neckline. However, I am betting on BTC to 70k and it will drag these alts along. All good volume is on the underside of MINA rn, so we should see quite an explosion to the upside once that...
I like Storj here at .80. Final target will be that BLUE trendline overhead. SL around .69 for a 3-to-1 rrr. With good volume on the underside and that bullish candle on the daily, I think Storj is in good position to fly. Alts are popping one by one and I think Storj has another turn coming up. The only downside here is that RSI. But lately, it doesn't seem like...
Matic looks to be breaking this larger and longer-term Cup and Handle neckline. Additionally, all of my proprietary blend of signals are flashing green rn. And finally, we have the bulk of our trading volume on the underside. Final target will be $1.75 with profit taking along the way. SL can be somewhere just below that descending blue TL, adjusting into time....
It's been over a year since I touched CULT. But now it finally looks attractive again. What I like about it are: #1 - Nice Cup and Handle Pattern which hasn't played out yet. Target will give us at least 25% profit. #2 - While many alts have already experienced massive pumps, CULT has not yet. #3 - Daily RSI is at a very reasonable level. Get ready because I...
Traders, Just a quick note to keep you abreast on my still bullish Bitcoin bias. As you know, previously, I had thought that we might get a pullback to 48k before continuation to our inverse H&S target of 80k. But that was only if we could not close above our multi-year support/resistance from 2019. The bulls pushed right through that, a feat that is rarely...
With the last little funds of my public portfolio, I am longing OSMO here. All signs are go and my target is probably way too conservative tbh. But we'll go with it for now. FT 2.20 Entry 1.66 SL 1.47 RRR 3/1 You can see we've exited a bullish triangle. Volume is on the underside offering great support along with that ascending channel. RSI is very reasonably...
Traders, I've been seeing a ton of traders who wanted to buy BTC at 59-60k but their transaction "failed". There is a reason why I am now calling BTC, Blackrock Trading Coin and why I have been extra cynical and skeptical about Blackrock's crypto trading exchange, Coinbase, as well as their entry into the crypto space via ETF. But I won't get into conjecture or...
Traders, The demand for BTC from these ETFs has been insane. The last I read on this about 2 weeks ago was that ETFs were demanding over 12x what miners could supply. And this is still pre-halving. Add to this the facts that only 24% of BTC remains liquid and there is continued institutional demand in other countries opening up and you can quickly understand from...
Traders, As you might know, I went short on BTC at 60,500. That was when price lived just under our Multi-Year Support/Resistance TL from 2019. Obviously, I was betting that we would NOT break straight through. I was wrong and as I told my followers in our private chat, I never mind trading a bit of humility for some profit. Bulls have clearly demonstrated that...
Traders, True to form, though I rarely do this anymore, I’ve gone short on Bitcoin. My entry was immediate after hitting that resistance level at $60500 which I discussed in the last post. Target will be $48,300 Stop out will be about $63,000 RRR is nearly 5/1 I am confident here so I’ve risked nearly 50% of the trading portfolio. But I will definitely be...
Traders, I must warn my followers of the resistance level that Bitcoin is now up against. Bitcoin has been shocking the world with price action these last several months and now would seem to be fairly over-extended. Additionally, Bitcoin has a serious resistance level that it must move through if it wants to move higher. I am normally not an overly dogmatic...
Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range. We do have some resistance to get through. 237...
Traders, I will probably not be posting as frequently this next week due to some personal matters that require more attention. Thus, I thought pushing out another general update on where we are currently sitting in the crypto space would be appropriate. As you have seen, I have still been busy entering trades in alts. The main reason for this is Bitcoin’s...
Cup and Handle neckline has now been pierced. I'm betting this plays out. Entry 1.80. Final target 2.52 with profits along the way. SL 1.57 for a 7/1 rrr and up to 50% potential profit!
Another trade I've taken today is here on DOT. Once again, my proprietary blend of custom indicators are all flashing green. Reinforcing the bullish signal is, of course, good volume support on the underside of price along with all SMAs (50,100,200). RSI is hot but not in overbought territory as, it would seem, everything else is. I can see us double-topping...
All my KAVA indicators are set to green and with our VRVP PoC under price as support along with our 50/200 SMA's, I think entry here in KAVA is of good value. I will be targeting .87-.88 cents with a SL just under the 200 SMA at around .72 cents. The RRR here is 1/2. Not bad for a likely 14%+ profit potential.
I’ve got another trade for you all here in Aptos. Nearly all of my signals are flashing green on APT. I can’t sit the sidelines waiting on Bitcoin here. I’m in at $9.50. Targeting $11+. SL is $8.73 (just under the VRVP PoC) for a 2/1 rrr.
