chillingeffects

chillingeffects

Alts are starting to look pretty exciting, however the market has matured and we may not see the same crazy gains we want to see like we did in 2017. It's best to keep an eye on BTC as a clue, as a large price increase might trigger another alt sell off. However, I am leaning more to the bullish scenario for trustworthy alts these days.

chillingeffects

Monero has been in a downtrend for 2 years... if this is a reversal, we could potentially see big gains. As governments try to gain more control over cryptocurrency and attempt to track our private activities, this could be a potential winner in the long run. It reached some seriously crazy prices at one stage, so I would be waiting for a breakout and entering on...

chillingeffects

Bitcoin and Ethereum are the rulers of crypto universe lol, trade with caution though.

chillingeffects

There are a few different ways to trade this. Always use stops and and exit strategies, especially as BTC volatility is super high right now.

chillingeffects

This coin does seem to impulse and retrace fairly predictably, but lets see what happens. This is published to check and improve myself - do and follow your own.

chillingeffects

Can't find any clear direction currently because of bitcoin, but XLM has already come down a long way. I would lean more towards an impulsive move happening soon, but will gladly buy this off the floor if it tanks.

chillingeffects

Pivx looks ridiculous to chart on a decent time frame, but based on previous support and resistance, and following the trendline PIVX could reach these levels. Also publishing to check and improve my own TA -- follow at own risk as always.

chillingeffects

Bitcoin is having trouble right now and may continue to channel sideways after some time, although no direction is decided yet. I lean towards the bear scenario due to the worldwide uncertainty at this time. In the next few hours or days we may see a break of the current ascending wedge shape.

chillingeffects

There is more information on my chart, but there is a lot of indecision in the market, so overall it is a bit risky to trade at the moment IMO. Use the correct risk management and stick to your trade plan during this time.

chillingeffects

The fib lines indicated are from a long term point of view in BTC's correction, it is still relevant with it lining up with support and resistance levels to this day. I would recommend waiting for a decent setup as neither scenario has any much more probability than the other, IMO.

chillingeffects

I'm just publishing charts so I can check and improve my own TA. Come to your own conclusions :)

chillingeffects

We had a clear double bottom. now waiting to see if we make a new lower low or higher high. New to forex so could be way off here.

chillingeffects

This is probably not an ideal trade, because BTC volatility at the moment. If BTC channels sideways, we will likely see some further action on alt coins. POWR already has had a few decent impulses, so its a risky one. Keep stops tight.

chillingeffects

Follow at your own risk, I am mainly a crypto trader

chillingeffects

I'm just publishing for my own reference, follow at your own risk. Also I have a deeper retracement than usual because there is uncertainty on BTC. If it tanks, it may follow.

chillingeffects

I'm just publishing to follow up with my own charts later and see how they play out. Follow at your own risk.

chillingeffects

I have lost many a dollar trying to short bull markets, so I will not be doing it this time. However if this scenario plays out I would be looking for longs. Monero is an underrated gem.

chillingeffects

This chart has been playing out for a while, short at your own risk.