I've been trading this beauty since $0.022 and taken some pretty sweet scalps. It's holding strong in a Fibonacci uptrend channel with all the makings for future pumps. It just looks strong but I would personally DCA if getting in for the first time. As always this isn't investment advice, DYOR and Good luck!
This probably applies more to active traders popping off in the chat rooms here about price directions and where things are going and while I agree that there are proper ways of applying technical analysis to charts, even Bulkowski gives statistical probabilities associated with the accuracy of price directions. Traders here like to dawg other traders on the DL by...
Not investment advice here and as I told one trader last night in chat that "I'm only right MOST of the time" lol . . kidding aside, we've had a smashing run up the leg here on what I'm seeing as a bearish Gartley. At the very least, we should get some kind of retrace to the major EMA's 50/200, etc . . I've got a DCA short position here and may add more regardless...
So this WAS my buy grid until I attempted to enter orders into the system and received a popup window stating that I would exceed some new limit they now have placed on the amount of BTCDOWN an account holder can accumulate. Total BS and apparently they've capped ALLLLL the DOWN tokens to $5K max citing "extreme risk" as their reason for doing so. I could go on a...
So we just had a mad run on Bitty and the battle is being fought for the $40k line. The big massive outer Gartley and broader trend on my screens shows that we had a nice rally, possibly another short push up but the regulators, Binance HK FUD and all of that will reign fire and brimstone until JPM can get their Bitcoin on the cheap, get it under regulatory...
Someone had asked me to chart this up two weeks ago if I recall and I'd set up a buy grid using Fibonacci, some trend lines and your basic Hi's / Low's and everything goes. I'll post the updated TA version in a bit here but we can see that at the very least, my stop market buy would have filled and a gain at the top of the Fib overlay I'd made at that time would...
We've got a bullish butterfly pattern on BTCDOWN after that mad tear run up. If you followed my idea on BTC then maybe you made some $$ on that run. So it's that time again, and I'm slightly bear mode now. I would expect some engulfment at the wick where Bitty liquified some crispy burnt shorts. Bitcoin could make it to $42,500 or so as it might push into the...
I'm still neutral on alt coins but if we get a push from the outer Gartley on Bitcoin, XRP probably pushes higher to that longer term trend line around $0.87 as resistance. I've been long since $0.20 so XRP could crater and it wouldn't salt me a bit. Not investment advice here and DYOR. Good luck!
Not investment advice but we have a Gartley (Bitty loves Gartleys) and possible long op here. Make what you will of it but shorts have come down enough to justify a DCA here. Good luck!
Look at THAT TOP!! The long legged Doji may as well be a Gravestone / Orphaned Baby. There's a gap just under the daily low and after a 360%+ run from the 25th of June, it's gotta pull back from a $9.98 resistance. I left the Fib overlay intact from yesterday as it snap fits like a glove. Also, just look at the ski tips on those MA's (50/200). I've been watching...
Musk | Woods | Dorsey activated!! The technicals were showing a Gartley point "C" shored up on Bitcoin and as Bitty goes, so goes the crypto market, naturally alts are gonna hitch a ride. Check out that broadening / descending wedge on the longer term trend (bullish) BUT we have some interim oscillation to contend with before the bull really stands tall once...
Sundial has had improved EPS (still not impressive atm) BUT, the street has given it a $2 valuation (DYOR) at the least and it's a behemoth of cannabis stocks. With the fed ban lifted now, this should open the market up considerably and SNDL, with several hundreds of employees and tons of cash, this is something to watch. The technical indicators are more for my...
Anyone hoping for a BTC bottom fishing rally here might catch a few scraps but it'll be short lived if this plays out. Not investment advice.
I "think" there might be a head & shoulders top formation here for the broader altcoin market (minus BTC). I know the marketers for BTC are pulling out all the stops to keep BTC going as it's near the end of a Wyckoff distribution pattern. As you know, as BTC goes, so goes the market so inasmuch as TOTAL2 does NOT factor BTC, it still has a massive marketwide...
Not investment advice but look who came to the party?! DYOR but when the caped crusader shows up, there's probably some short term carnage on tap. Is Wayne Industries a publicly traded company?
Not Financial Advice here but I'm "slightly bullish" on the very short term with a possible inbound cross above the 200 EMA, maybe even the 50 BUT there's a TON of overhead price action with volume and the potential looming of a 50 EMA death cross below the 200 EMA. This would push Bitty off the cliff to those lower supports that many of us are hoping will bring...
Not investment advice - Looks like a Wyckoff distro on BTCDOWN which means accumulation and upside for Bitcoin. I prefer trading this over BTC for it's variable leverage and given that we've not seen the bottom for Bitcoin yet so it's much easier to recover from a position that goes south in the short term on this. Good luck!
This is a pretty reliable day trading product. The Binance Leveraged Token (BLVT) for taking a short position on Bitcoin is slick, in that the leverage varies to maximize gains and minimize losses. Given the variable correlation to BTC price action and volume, since it's not a direct 1:1, the charting of it feels slightly more reliable. I personally would rather...