thegreatwall38

thegreatwall38

I said yesterday that i was expecting a price consolidation or price action to the downside before going up again. But i also said i would never short it because there could be insane volume with huge amount of buyers. It happened. Right now we have to ask ourselves where will this rally end and what will happen after the end? There should be some sort of...

thegreatwall38

Neo had a good run for couple of months after a strong momentum to the downside. It did bounce in a triangle pattern before a strong breakout to the upside. Volume decreased a lot lately and we are now in an overbought zone. We need a good volume and buying power to break the resistance line coloured white. Above this area we can fly high if there is good...

thegreatwall38

We all know the story for gold. We all heard about it. Crazy estimates of 3000-5000 usd and even 10k usd price valuation. But after we hit over 2000 usd, price action went south really fast and nearly never corrected. Until it formed a double bottom recently. Bears cant go further and bulls started to win the fight. Now there is chance for a bull run. If price...

thegreatwall38

GXS is having a rough couple of months but it stopped downside price action and after consolidation period it started an uptrend which is reinforced by the 20 day ema. If we breakout below the trendline and 20 day ema it may form another cup pattern. Also Decreasing volume is not a good sign for bulls. It seems there isnt enough volume and buying power for upside...

thegreatwall38

Honestly i was expecting a much more explosive move to the downside or upside, (more to the upside) last week before we breakout ATH. Im suprised there is decreasing volume with hesitant price action since there is no bad news at sight other than Fed stating they might stop buying more securities before they start to think increase on interest rates. And if you...

thegreatwall38

Look at this chart. You dont even have to know anything about technical anallysis or anything. Just simply look at it. It have to go down if it is to have sustainable upward movement. You dont even have to look any indicators to know this is an overbought instrument right now. Im not going to lie, im in love with xrp since i was fortunous enough to enter very...

thegreatwall38

Xmr looked like manage to breakout couple days ago with good volume. But it seems there is a strong short-term resistance above the cup formation and the price rejected back from that resistance line which is the white coloured line. Also volume decreased significantly after the rejection which is really not so good for an upward price movement. We simply needed...

thegreatwall38

Doge had a unbelievable run for couple months and if you invested in the right time you should feel lucky and smart. But right now it seems to from a double top and volume is decreasing. Also it is in the highly overbought territory. Therefore im still waiting to a move to the downside. I would definitly not buy from here! But i dont also short it because i...

thegreatwall38

Raven had a huge rally couple months back and lately it has entered a long period of consolidation period which is actually a good thing. It tried to breakout to the upside couple times in that period but can not. Therefore one should definitly wait 1-2 candle to close above the trendline before entering any trade. Also yesterdays volume was pretty good but cant...

thegreatwall38

It doesnt look too good. I sold all of my holdings last night and waiting to enter again. Because it seems price action need to cool down a bit. Also if you look at the daily chart it should definitly retrace before going upside. Daily chart shouting short me but i dont short crypto. Im not brave enough.

thegreatwall38

Trx rose too high in short period of time and it seems to started a consolidation period. I long on trx for a long time but im not planning to sell anytime soon. I hodl and follow the price action.

thegreatwall38

Bnb had a huge rally recently. It needs to chill a bit. I do expect it to go much higher because binance is 1 of the best markets out there. But bnb has a parabolic rise in daily charts and it should definitly need a consolidation period in order rise consistently in the future. Im not sure if it will go lower but i know i will wait and be cool before making any trades.

thegreatwall38

Volume is pretty good but i expect a downside movement in the short term. It definitly need a correction. After consolidation it may go up again. We have to wait and see.

thegreatwall38

If it can breakout up, it can go very fast. It seems to still consolidate.

thegreatwall38

If its breaks the cup formation i think it can go up very fast around %80-90.

thegreatwall38

It seems like it is going to make a move somewhere.