We are looking for macro events to take out this support line. Seeing the Monday bump sold off tends a no for another retest. 1800 has had several days of support, but the longer it sits the weaker it gets. There are fib convergences from major moves at 1600 and 1700. 1700 will likely not be strong support, the logistical destination is the plotted down...
There doesn't seem to be much room for macro down movement. Don't see DXY dipping on a hike, will be surprised if US FED doesn't hike. However Swiss numbers are looking great by comparison, might be a struggle up. The key I think people are looking for here is to build a long term position and catch the trend change. The same level a week ago had a good...
ETH has had alot of looked over developments happening in the past year. Its not a possibility that it makes a resurgence, it will, but sometimes I wonder if I'll be reminiscing from my rocker when some foolish kids get up to it again. On the short term, the price is at a fully excited and volatile state, its obviously be in a small range consolidating above a...
I took a short to wait to see how the macro markets plays out. There was a break of the upwards channel and a retest of the top bound failed, but this could again be breached to fake. I think the momentum needs to reset and the ADX needs to flip, to convince investors this isnt a fool's rally. I am doubting the rally but comfortably sold for some profit already....
I've been a big fan of ada for a while, made my first big trade with it. Now kicking myself from not buying this shiner a few weeks ago when it was undervalued. Could be a cup and handle to reset the rsi; macro lines up for risk on rally; this ecosystem checks all the boxes. MACD passing 50 will be a nice trigger. Get in soon.
Watching the DXY rise uncertainly makes me think we will see alot more volatility in crypto markets. I have marked my 'buy zone' in the 0.5-0.3 fib areas from the breakout. It looks like we have a lot of solidity to test 1300+ and the downtrend after but I don't think we are 100% thrusters. MACD is peaking on the 4h, although not really a strong indicator in...