zsamochin

zsamochin

Risk Management In this article we are going to talk about the most exciting topic of risk management! Sarcasm aside, this is probably the single most important lesson that any trader or investor can ever learn. Warren Buffett famously said: "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." So, if it is good enough for the most...

zsamochin

Over the last few days bitcoin has shown us a number of reasons to indicate that this short term down swing has reversed. The good news is that: Bitcoin has broken out of the triangle to the upside The MACD's histogram has been moving in a positive direction since the 19th of May The RSI left oversold territory and has stayed above 30 - indicating upward...

zsamochin

MACD – What it is The Moving Average Convergence Divergence (MACD) is the momentum indicator that shows the relationship between two different moving averages: 1. The 12 period exponential moving average – On Tradingview it is the Fast Length. 2. The 26 periods exponential moving average –On Tradingview it is the Slow Length. The MACD line is calculated by...

zsamochin

It has been a rocky week for LTC as it has moved down a good 30% from reaching its ATH. This is to be expected though in the crypto markets and nothing to really worry about considering we are still in a bull market. LTC has been trading inside a nice upward moving channel since October of last year all while mostly staying above the 50 day MA. The RSI has been...

zsamochin Updated 

BTC is repeating a pattern from the middle of April. That pattern is a Bullish Divergence (which you can read about here ) Since the last time this pattern occurred, BTC remained in a small uptrend for about 16 days. Is now the the reversal that is going to start the inevitable run to 100k for BTC? Who knows. But it does look like BTC can at least bounce...

zsamochin

Using the Relative Strength Index The Relative Strength Index (RSI) is a very popular and often used indicator that can be used effectively in many different ways. My personal favorite two are: 1. As a tool to indicate a reversal. This is the most popular way. 2. As a momentum indicator. This is what it was designed for. Below we will discuss how to read the...

zsamochin

Since the end of April SUSHI has been trending up after it crossed back above the Bull-Market Support Band. SUSHI has consistently made higher highs and higher lows. However, it is currently bumping up against a zone that it has been rejected at many times before. Even in the time when SHSHI crossed over it failed to make the old resistance into support. If it...

zsamochin

This crypto is a bit more speculative than I usually prefer. However, I do want to keep an eye on it because the use case does seem pretty cool and the marketing behind it is strong. Additionally, they came out with some more bullish news today that they will be offering sector specific ETFs on their platform in the future. I think this is a cool idea for people...

zsamochin

1INCH has been on a skid since its last ATH on the 8th of May. But where it has stopped moving down has been at the exact save level that it has repeatedly tested since the end of April. Therefore, this looks like a good entry point. If we take a look at the 1 hour chart we can see that the RSI has swung back in a positive direction. The MACD crossing the signal...

zsamochin

First, let’s start from what exactly the Fibonacci Sequence is: F(n+1)=Fn+ F(n-1). Now this may look scary to some of you, and you may be having flashbacks to high school math, but all this equation simply means is that the next number is the sum of the previous two numbers. So 0+1 = 1, 1+1=2, 2+1=3, 3+2=5, etc. Here is a simple table for the first few...

zsamochin

XCUR has been in a down trend since its highs of mid-April. Around the 5th of May we had three key indicators showing that the trend was reversing. The MACD, RSI, and price all took bullish turns at this time. Since then, XCUR has come back and tested the 50 day moving average and held the line nicely. Additionally, XCUR has some bullish news coming out over...

zsamochin

SOL has made some incredible gains since the beginning of the year, and I believe that it has more room to grow. Every few days we hear about new partnerships (over 250 project in the ecosystem so far). Since coins don't run up forever it is always good to wait for pullbacks or areas of consolidation before entering. At present, we've had about 16 days of...

zsamochin

$ONT is looking like it is gearing up for a big breakout. It has been consolidating for the past couple of years and has finally cracked the pervious resistance. It does however look like over the immediate future it might have a slight pullback to see if the previous resistance line is now support. This is primarily because we are trading at the upper end of...

zsamochin

KSM has been on a complete tear since last November when we entered the current upwards trending channel. Even through long periods of very high RSI the price continued to move up. However, KSM did not have a good April and slid back to the lower end of the channel. The RSI bouncing (circled on the chart) as well as the MACD crossing the signal line tells us...

zsamochin

EGLD has been trading in the same channel since February. Good new for us is that this is an ascending channel. Additionally we have testing the middle of the channel multiple times over the last three months and each time we have been rejected. This is not that big of a deal since a move back to the middle of the channel from our current price is a 60% increase...

zsamochin

CAKE has followed a pattern of 50-60% gains every 2-3 weeks since its listing. This price increase is not undeserved as Pancake Swap regularly does similar volume to the much higher capped Uniswap. Even though cake has moved from under $10 to $40 it is still an undervalued project with it market cap sitting around $6.5 billion. Since we are only about 6 days...

zsamochin

VET has dropped off since its April highs, but that is good news for those of us looking to get back into this excellent project. It has been consistently making higher lows and is in a general up trend. Now is a good entry point since last time VET tried to break .22 the RSI was much less favorable (more overbought). So if we can break the resistance between .21...

zsamochin

HNT has been trading in the same upward channel for all of 2021. It bounced off its lower trend line a week ago and has recovered. It is currently meeting resistance at its previous ATH daily close at $18.50. I expect it to close well above this today and to continue its breakout. MACD is looking good and it seems that HNT is going to $30 in the next couple of...