I’ll clear it out why I'm using two different timeframes to point out a fractal. Follow the below explanation and try to understand that crypto markets are open for almost 6.31 more times in a year. So market cycles will be at least 6.31 times faster than a stock market. Stock market is open 6 hours a day, 5 days a week, and is closed on holidays. Crypto...
Here is a pretty self explanatory Matic short setup chart with levels marked. Even though Matic is currently in an uptrend, I spotted a bearish rising wedge pattern, which can potentially break down. Note: As per trading best practice, it's best to take a trade after completion of the pattern (as of now, the pattern is still not valid because the wedge is still...
No no wait... Before you sell your house to buy bitcoin, read this completely. I just drew some curved lines and it looked cool, which is why I thought of publishing this LOL! Here's my prediction: The bottom is in at $24k, and the top is in around $120k (I might update this to fit my narrative later on!) But hey! If I'm right, I'm going to fill my twitter...
Thanks for falling for the clickbait. It isn't going to go to $589. But this near perfect symmetric triangle pattern caught my eye. Just bought some amount around $1, in case. Area of interest marked in tiny green square. In case there's a correction to around $0.8-ish levels, I'll add some more. Areas of interest, supports and resistances marked on...
If you open twitter, and check the current expectations on Bitcoin, everyone is bullish on everything. From a logical perspective, this is not really a good sign, because signs of irrational exuberance often lead to large drawdowns in any asset classes. Even though Bitcoin is yet to reach such a level, we can of course see some signs of euphoria, and altcoin...
On observing, we can see a broadening wedge which might play out, so I'll focus on that in this post. This can be the beginning of peak euphoria or a mid term macro top. So I'll talk about both the cases and be prepared for all scenarios. Disclaimer: Future price action may or may not reflect with whatever I mention, so it's better to not take positions...
Chart is self explanatory. Please manage your risk accordingly. (Disclaimer: Nothing is financial advice, DYOR!) Kept is simple for you all. Keep stop-loss at the red line, add more on confirmation if if closes above the green line, and don't forget to take profits on the yellow lines! That's it! Trading isn't rocket science ;) Don't forget to follow me (:P)
Note: This is not any financial advice, and I urge you all to DYOR before taking financial decisions. If you are a risk averse person, but still think you want to put money, go with an amount you are absolutely okay to lose. I'll keep this post extremely short... Litecoin made an impulsive move up after the Paypal news got announced. I kind of FOMOed in...
Litecoin had one of the most epic runs in 2017 which made a lot of millionaires in a year. The market started crashing from 2018, which was, of course because of a lot of factors, (including profit taking by the early investors). A lot of people believe that Litecoin is dead or something, but the Paypal news was big enough, and I personally believe LTC will gain...
Warning: This is not any financial advice, real scenario may be different. This is something that I'm expecting on ETH Crypto peaks are usually marked by blow off tops, and an extreme mania/euphoria phase. I expected the last crash from $4.3k levels last time to be the top, but then, the buying pressure, proved it wrong. There was ample demand, and now it is...
I'll keep this short. 1) Bitcoin is forming a Symmetric triangle pattern on the 4H timeframe 2) Volatility is at a low level (indicating a big move incoming) 3) There is indecision in the markets 4) Possibility of going either side. 5) a) If long: Set a stop at 10352 b) If short: Set a stop at 11016. The faint yellow zone is the multi month demand zone and...
SXP has been on a steep downtrend after peaking out at $5-ish. The hype cycle was very fast, whole CT was bullish, everyone bought in on the news that it will launch the card and it will be the next big thing on crypto and things like that. Once the card actually came out, they gave in, and we now need to stake Bnb and (NOT SXP), which, in my opinion justifies...
It looks like markets are making small bullish reversals (Or rather dead cat bounces?) on larger timeframes. Currently YFI made a quick reversal, and gained nearly 20-25% from the bottom, and YFII may follow soon! :) This is my speculation,and may or may not be true in future, if you are taking this trade, use proper stoploss and manage risk accordingly... This...
After a few days of choppy markets, it looks like the DXY has broken a major uptrend, S&P 500 temporarily made all time highs and again broke below, and now DXY looks like it is doing a bearish retest. Although the correlation between DXY with the S&P 500, Gold and Silver is not that prominent, and sometimes did give false positives in the past, I'd still like to...
After giving an impressive rally in the last couple of days, it looks like, YFI may do a bearish retest on the larger timeframe. I took a small scalp and sold for a 4% gain today, but currently, I'm laddering my shorts till the 32k zone. Though market is choppy, and anything can happen, it is always better to play with proper position sizing and risk management!...