Traders, In this week's roundup, I'll cover Bitcoin, where I see it finding support and what my current perspective of future Bitcoin price action looks like. Plus, I'll take a look at a few of my recent altcoin trade entries. What was I thinking? Did I make a mistake? Let's look at the charts and discuss. Timestamps: 00:00 Intro 02:00 Bitcoin TA 11:37 Altcoin Trades
Traders, There are essentially four big reasons explaining this bitcoin pullback. Let's take a look at what caused this pullback and talk about where we go from here.
Traders, This is never recommended. For the first time, I have put 100% of my trading portfolio into Bitcoin with a tight stop preceding this supposed BTC ETF approval today. I do believe we are nearing a local top on this 3 month bull run, however, my chart shows that we still have a little room to run. I suspect 48k will be our line of resistance even though we...
Traders, While I have stated all along that Bitcoin could spike to as high as 55k, though 50-52k is more likely, my target of 48k has been reached and I am choosing to take my profits now. 48k is huge resistance and I will probably not trade again until future direction can be confirmed with a close above 48k and two more candles opening and closing above that...
Serious question here folks. If the SEC can’t even be bothered to enable a small and effective mechanism of security (2FA) on their own X account, how can we expect them to “protect” and “secure” your money?
Trigger Warning: This video may offend those who are religiously dogmatic in their political affiliations. Do not watch if you prefer not to have your gods critiqued. I had just put out a video earlier this morning warning you all that the SEC and Gary Gensler may pull some tricks out of their hat. A few hours later, the SEC puts out a false tweet, liquidates...
Watch closely. Trade carefully. Could be a sell the news event.
Traders, Don't really have to say much more here. This is the altcoin total market cap excluding BTC and ETH. Alts continue to face trouble and it looks like more selling will ensue. Stay out of leverage and trade carefully. Ensure those stops!
Attempting to keep my followers up to date on the next Bitcoin move(s). In this video, I want to cover a dozen or so indicators that are giving us clues about what might occur next with old Bitcoin.
I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI....
Not trying to introduce more FUD. I just want you all to be aware of what continues to occur in the altcoins space. As you have seen my recent video, major levels are breaking everywhere. This continues to be the case and, in fact, even the strongest of the altcoins are starting to struggle. TOTAL2 is showing a break from our ascending channel as we look to retest...
Traders, In anticipation of the BTC ETF approval, some altcoins have remained strong and are holding our trendline. I have picked out a few for you to watch if you are so inclined.
Traders, In this weekend's video, I am continuing my cautionary tale. You'll remember in my last video that I went all contrarian on you regarding the Bitcoin ETF approvals. I was not necessarily bearish. But I am not necessarily bullish either. I am only observing some indications on the charts that warrant caution. And thus, I stated that we need to be prepared...
Going long XRP here. Target is nearly $1.00. SL is .50 cents. RRR of 2.8 Happy New Year! Stewdamus
Traders, As predicted a few weeks ago, altcoins have finally met their downside target of 10-15% (see links to related ideas). But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break...
Happy New Year Traders! With the likelihood of Bitcoin ETF approval in the cards, there are a plentitude of zealous crypto traders on the crypto rocket anticipating destination moon. But what if it doesn't turn out the way everyone expects? What if the MMs shake out the pockets of dumb money and over-leveraged moon boys? Or worse yet, ETF approvals are delayed...
Traders, Sorry for the infrequent posts lately. I have been feeling under the weather. But TBH, it was good timing. As stated in my previous post, I expected alts to draw back 10-15% or more pending indications. So far, I think it's safe to say we've had our 10-15% pullback. Now, the question remains, will that steep ascending TL I talked about seeing on all of...
Just as I wished for yesterday, Santa came through and freed up a little extra cash for me by pumping ARB today. I was able to step 50% of my original entry out for around %18 gain. I have moved that SL up to $1.05 and will let the rest ride to final target or stop out. Either way, I will be all well in the profit on that trade. Entry for Storj was .715...