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Cyptocurrency

Cosmos (ATOM) - Short to $4 Just a quick update on one of the alts I've been following this year. I ALMOST accumulated some for a swing trade near the $7-9 levels. Here is the post from June, where I considered doing this. Back in February, I speculated ATOM could drop all the way to $8, breaking the long term uptrend. Here is the post, when price was still near $30. Since June, ATOM has rallied better than most altcoins from the lows - going up nearly 100% in value within a couple of months. It would have paid to buy those lows and sell now. But would it really have been that worth it? There are already some signs that the rally is about to fall apart. Although there is still potential for it to head back to the $15-20 levels, I decided to open a short alongside my $1700 ETH short, around $12.70 on Friday. I have a stop near break even in case it wants to push a little higher first. Why am I shorting ATOM, of all coins? Well, although I really dislike Tron (TRX) and would love to keep trying to short it profitably, ATOM's volatility is more fun :) Let's see if we can get a bearish impulse at least back to the lows, near $5.50, and eventually a new low. This idea will be invalidated in the short term with a break above the $13 level and reclaiming the broken uptrend. Bearish confirmation will be a break below the secondary uptrend, currently holding as support. Zoomed in: This is not meant as financial advice - it is meant for speculation and entertainment only. -Victor Cobra
COINBASE:ATOMUSDShort
by VictorCobra
Technical Analysis Vocabulary!!!BINANCE:CRVUSDTPERP Hello guys these are some of the trading terms/concepts I apply when trading; 1. BOS : Break of Structure - when price continues to break previous structure and at the same time continues the current trend. A line drawn from recent structure to the current breakout denotes the BOS. 2. CHoCH : Change of Character - when price changes its trend. A line drawn from the last high (for downtrends) or low (for uptrends) of the previous trend all the way to current price action identifies the CHoCH. 3. Liquidity : The buildup of stop orders residing on a trendline of equal highs, lows, trends, or wicks. This is money that can be taken out. 4. Bullish Order Block/Supply Zone : An area of the market where price fell from - highlighting the last bullish candle before the drop in price. 5. Bearish Order Block/Demand Zone : An area of the market where price rose from - highlighting the last bearish candle before the rise in price. 6. Consolidation : An area of the market where prices were oscillating in a corridor - highlighting indecisiveness in the market for that period of time. - Joel. Please like and follow to get more ideas/tutorials like this, I'd also love to know what you think about my idea😃.
Education
by Jo3elll
2
Evening Update: Know Your StopsAs I posted this morning my parameters for the suggested trade I set my stop at $42. It was a small order but nonetheless I was obviously stopped out. If you're in the trade still please know what your risk levels are and establish stops. I have posted many times, I'm not a trader. SO for me to get stopped out and then price run away from me is kind of a running joke. However I've chosen to include a link to a 3 minute chart. This micro chart shows we have a clear 5 wave impulse up and so far only 3 waves down. So even though I got stopped out this still appears to be a good trade. If price tonight or tomorrow takes out $47...it may rip to the upside. I say "May" rip....only because this is still a wave 4 so remain vigilant. I'll continue to update on this trade until we breach today's low in which case it's a busted pattern and no one should still be in this set up. Best to all, Chris
FTX:SOLUSD
by maikisch
Terra (LUNA) Trendline Break and Bearish Retest Funding has been so negative for LUNA recently. It's probably because leveraged traders see most alts going down and figure shorting is free money in this environment. They've learned a harsh lesson. squeezing shorts into oblivion. I entered a scalp short yesterday above $86 and closed near $84. Perhaps it's dangerous to hold a short here (especially with a tight stop), since it can pop off towards $100 one last time. But as you can see on this chart, it's starting to show some hidden weakness. Nothing goes up against Bitcoin forever in this market, and LUNA has been on quite a tear. Not a bad place to book some profits at least into Bitcoin, in my opinion. From what it seems (without knowing too much about the project), it's starting to acquire some of the hype from Solana and Cardano. In this market, when one thing seems like a golden goose, it's often a wise choice to take profit. There will always be another hyped project. And of course, one can always leave some on the table in case it's "the one." 98% of the time this isn't the case. Zoomed in, you can see there's room for another push into the $90's should the market bounce a bit into the weekly open. The weekly chart for LUNA/BTC is showing an ugly bearish divergence. We can easily see a failed high here and a longer term top. The daily chart (righthand chart above) shows a bullish channel, with LUNA/BTC testing the middle as we speak. I may try to short LUNA again if we see the crypto market attempt a false breakout here. For LUNA to look bullish (long term) again, it will need to reclaim that trendline again on the lefthand chart. Regardless of what Bitcoin does, I think it will decline on the ratio. Let's see what happens! This is meant for speculation and entertainment only - not as financial advice. -Victor Cobra
LShort
by VictorCobra
7
Axie Infinity bullish? Maybe, and this is why.Disclaimer: This is a Newbie analyses with no past Experience! so please Take it Easy Axie infinity technically looking neutral at the moment. At least, until early/mid May. The 4hr Candlestick chart suggests the same pattern could be repeated with a fake high in few days maybe, then early/mid May we breakout bullish probably UNLESS the 45 support level is violated prior. RSI indicator suggesting the same pattern as well. This is not a financial advise! Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge. Appreciate your constructive comment and feedback in advance.
FTX:AXSUSDLong
by ashurbanipalcrypto
1
Bitcoin AnalysisBitcoin price action appears to have entered a channel pattern. This pattern often occurs at end of a trend. If this is the case, we could be coming to the end of the sell off of bitcoin and consequently the entire crypto market as a whole since bitcoin is the lead dog in the market and often depicts the direction the market will take. A good time to invest in any altcoin will be when bitcoin breaks out of this channel. If bitcoin breaks below the channel and we see a close below 28k, then this will confirm the continuation of the bear season.
BINANCE:BTCUSD.P
by diabloe232
1
BTC Found Support?A lot is going on in the crypto space. More countries are banning BTC, Inflation, and the Feds playing a role like always... Is this the end of the sell-off? We can see that BTC is at a very important support zone. After reaching this zone price quickly was bought up with a quick 5% pump. In my none financial opinion, this would be a great area too long with a tight stop. (: Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
BITFINEX:BTCUSD
by rnaofs
Is BTC in a bear market?Hey guys, quick update here. Yesterday Bitcoin went down again. Now, everyone is very fearfull and now it's time to start thinking wether the bull party is over or not. What do wee see on the chart? - You can see that Bitcoin is still in a falling wedge pattern. - Bitcoin is now testing a critical support level. - Bitcoin has been trading below the 50 EMA since November 2021. - Fear and greed index is at 19. - RSI didn't break the support level. RSI still shows momentum loss for a downwards continuation. Conclusion: My conclusion is, that although the chart looks very bearish. The falling wedge pattern has not been broken yet. And BTC didn't break the 40k - 38k support level. So I think 2 things. You should've been shorting BTC a very long time ago, if that's what you wanted. And if you're still looking for the reversal, there's still a chance.
by EliteTradingX