Revisiting Polkadot - DOT/USDT Channel CrabBINANCE:DOTUSDT - 4H
I've been staking gains from a recent DOT trade but haven't paid much attention to its chart. After a short review, two things stand out. First is that it's been crabbing along in a channel since Jan 16. Second would be the potential price action marked in the blue box towards the upper channel line.
The upper white channel line marks ATH - which was swiftly rejected as noted by the candle stick. It took 8 days for DOT to challenge ATH again, which was denied. We're now 10 days past its most recent challenge and the market is marked by bullish activity all over the place. EMA7 is cranking up, as the BBands start to fan outward. This would indicate a swift move up, but I don't care about catching that as it could drop within the channel at any point. Ideally we'll see an uptick in volume as this uptrend approaches the blue box, followed by a thick tall candle blowing through the upper channel line - similar to what we saw from ETH today. Once there is an hourly candle confirmation above the blue box, I'll move into a long and ride to price discovery.
This is not investment advice and trading cryptocurrency is high risk.
17
The Secret of December 17th! New high incoming?What if there was a specific day of the year that bitcoin typically told us what it was planning?
For the last 3 or so years it has been on Dec 17th that a significant development has developed regarding the cycles of BTC. It has often labelled the day of the exact top or bottom; as well as confirming the beginning or end of a previous cycle. I believe we are about to be entering the part that occurred last 2016 after DEC 17 15. I then did a bar pattern of the DEC 2016 - 2017 cycle for the time which will be from DEC 17 2021 -2022. This would mean we hit maybe as high as 23-32000 this December 17 and next one should be somewhere around 100-500k.
Very interesting how in 2017 it was the day of the peak... then 2018 was they day after the bottom; with dec 2019 being about exactly when it was confirmed that we had begun the next bull run... we shall see what happens this DEC 17 but I have a feeling it will be a new ATH.
thoughts?
AdaniPorts Intraday Opportunity Narrow CPR - 17-Aug-2020We can trade AdaniPorts for indraday because it has Narrow CPR on 17-Aug-2020 . You can Buy near CPR if it's trade above CPR or Sell if it's trade below CPR and Book profit near R1, S1 or trailing for more profits
R1 - 353
CPR- 348
S1 - 343
Must comment if it's work for you.
If you want youtube tutorial video on Narrow CPR, you can request in the comment box
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HINDALCO Intraday Opportunity Narrow CPR - 17-Aug-2020We can trade Hindalco for indraday because it has Narrow CPR on 17-Aug-2020 . You can Buy near CPR if it's trade above CPR or Sell if it's trade below CPR and Book profit near R1, S1 or trailing for more profits
R1 - 189.40
CPR- 185.0
S1 - 180.40
Not the time to buy properties in HK - New World DevelopmentIt is almost impossible to turn on the news or read the papers without seeing positive news on the political scene in Hong Kong. Videos, articles, analysts views, etc are filled with negativity.
One sector that got hit badly is the property market. New world development has declined more than 35% from its peak of 13.88 in April this year to current price of 10.34 and still dropping further.
When there is uncertainty in the market, traders will shun buying or worst, starts to dispose their holdings asap for fear of further deterioration.
If one followed these experts view, you would see your portfolio dug deep in the red.
www.cnbc.com
Low can get lower and trying to catch a falling knife is not only dangerous but costly as well.
Short or stay away if you want to buy.
THE CRYPTO GAME, A BLOODY BUSINESSFor the long term investors
These are the critical levels from a psychological point of view.
We can look at this levels to invest small part from our capital to test the market without too much risk (if the level hold of course)
As you can see the price can go return to the initial price from 2016 ( Crab 17 is a violent thing)
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#hodlgang
Have a nice week
Dow Jones Industrial Major Cycles (84 yr major, 17 yr minor)Sup all it's snoop
Today I'm talking about something I have had brewing in my mind for quite a while... Gann's cycles!
One of my heros in trading W.D. Gann was an avid tracker of natural cycles.
84 year major cycle; this is the average lifespan of a human & it is also aboutthe amount of time it takes for the planet Uranus to orbit the Sun.
17 year minor cycle; this is the age to 'maturity' from birth. A new generation of workers can enter enter the workforce full time at about this age as well.
1776+84= 1860; 1860+84=1944: 1944+84=2028
USA Founded, Civil War, WWII, ?
This idea will go on longer than I will live...
One day we will look back on this. How different the world will be then!
Remember --- 'There is no power greater than the power of love'
xoxo
sn00p