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Fomo

Long on EOS/BTC, best mid-long term investment in the market.EOS is still in its ICO phase and its marketcap is top5; on top of that the project is solid, and its been on a year-long ICO, which means it's probably the most DECENTRALIZED cryptocurrency out there, unlike those PRIVATE and then PUBLIC ICO's. It's lately showing signs of trading irrelevant of market ups and downs, and sometimes even going against it. We recently had a speculative bubble taking EOS price to around $22, and also 0.0025 BTC. This FOMO rally was caused by smart money getting ready for EOS' release in June 2nd. Smart money is buying right now. I can't guarantee you that EOS/USD will surely moon, as the whole market could just crash/go down again if the bearmarket is reestablished for one final big red week/month. But I'm fairly sure that EOS/BTC and/or EOS/ETH and/or EOS/anyothercryptoavailiableformargintrading will absolutely fucking moon. So if you bet on EOS in relation to BTC (in other words, going LONG on EOS/BTC) you're very likely to get great profits at a very low risk. Right at this moment EOS seems to be in a consolidation phase, cooling off of a FOMO-ride (aka mini-speculative bubble). Consolidation phases are usually marked by low volatility, and can be interpreted as "late distribution" and "early accumulation phases" in bear/bull market cycles, respectively. Entry point: Anything under 0.0019 Targets: At least 0.005 by May 31st. After EOS snapshot/mainnet is release, expect the price to tank. Close your longs slightly before the release or slightly after it and you should be good. If the Cryptocurrency market continues on this uptrend, or consolidates near where we are, I expect EOS to be hitting at the very least a price of 40$. Very likely to hit 60$.
Long
by bgrandimbtc
3
FOMO is at least as strong as the FUDFans and expositioners - welcome to the VERY first installment of My-TA-Sucks. I am not an analyst. I am a raging ETH bull, and I only know one thing for sure - the FOMO is at least as strong as the FUD . That's what I've been telling myself for years. Based on previous patterns, ETH normally makes a run leading up to Consensus (May 14-16). At Consenus, all the crypto wannabes go " ooooh, aaaaaahhhh " then invest their life savings. I follow tech more than the charts. But charts help me put things in perspective. ETH will reach US$1,000 by the end of May. We'll go higher if SuperVit makes some announcements on Casper. The only thing stopping ETH is not China, not the SEC, and not exchange hacks. It will be the rise of inter-operable chain solutions like COSMOS that divert the sunshine. BUT, dear folks, ETH has the first-mover advantage, the network effect, and a lot of smart people working on scaling solutions. Even though the BTC code sucks, people still buy it. Because of the network effect. BTC will still be king, but ETH will always be my baby-love. Like you, I cried and nearly jumped off a bridge when the FUD took hold from Jan - April. But, why oh why, did we not believe in our first instincts. The same voice is calling us again to follow and believe. Will let you know when I think there are short opportunities, but it's not now. I'm long as pinocchio.
BITFINEX:ETHUSDLong
by myTAsucks
BTC: Another Big Bart Simpson Drop?BTC has had a good run, but looks to be slowing its roll up here near a big 786 fib (the strongest correction fib), the downtrend line on the log, and the 200-day EMA right above it. BTC has reached for these three resistance levels on a somewhat overstretched run absent a true pullback so far to cool off RSI levels and form a much needed elliott wave down on higher timeframes to set up the next wave up. Both the 4h and 1D RSI are at very high levels where corrections have typically taken place historically. Beware the FOMO, entering up here carries high risk. My estimate is the super bears could be amassing short positions soon enough.
BITFINEX:BTCUSDShort
by serekamina
2
Bitcoin forecast: the downtrend is NOT overSo, where are we right now? Everyone is acting like Bitcoin is doing unpredictable things and are getting liquidated. In this market context, which is a bubble burst , we have to keep in mind a couple of things before entering trades: What drives a bubble burst is market-psychology and an alternance between hope and fear : an alternance between FUD and FOMO. While inexperienced traders and emotional investors who bought the top are trying to "cover their losses" or make quick and "easy" gains using heavy leverage on small timeframe trades, experienced speculative traders are using them as fuel, and making them fall for FOMO and FUD. Shorts were at an all-time-high (which means that there are a lot of liquidations and stops to hit, this can give a huge momentum for an upward movement), we were getting dangerously close to the apex of a symmetrical-triangle, the order books were getting thinner by the minute and alt-coins have been rallying for a few days, this creates the perfect setup for a quick pump. In the context of a bubble burst, entering short term trades with heavy leverage is very risky due to the higher than usual volatility. Most inexperienced traders with poor money management will burn their accounts during such times if they use high leverage in short term trades. Now, what am I anticipating? I am anticipating a new wave downward a bit slower than the previous one which should hit a new low which I estimate to be around 4k8. In my opinion, we could have a trend reversal if we break the previous top around 8k8-9k (which is also where the desistance on the daily log chart is). Obviously this should not be taken as investment advice and this is just the scenario that I'm betting on right now. A trader will NEVER have 100% accuracy, what makes you earn money on the long term is a decent risk-management, not a god-tier accuracy.
BITSTAMP:BTCUSDShort
by TDesormiere
Bullish breakout! Will the FOMO kick in?UPDATE: Well, this sure was absolutely ridiculous, overnight we fell downwards out of the yellow channel and we fund support on the 6750 level marked in blue. After bouncing off of the support we encountered some resistance to get back into the channel, but once we were inside, insane volume kicked in and a lot of short were closed, the bulls finally took control and we are seeing the first true sign of a trend reversal on the long term picture. For the short term I think that this surge in price will not sustain unless FOMO stars again and we see a lot of buying pressure from the public, I think that the previous resistance at 7800, 7500 and 7400 will act as support, I will be placing buying orders at 7400 and where around 7200 area depicted in whitewhere the support meets the upper limit of the previously drawn channel, in the unlikely scenario that the madness contines we could test 9k.
BITFINEX:BTCUSD
by ennriqe
3
EURUSD/SHORT after pullbackHello guys its me again, TA : Uptrend breakdown, RSI give us opportunity for selling, doji (reversal candle). Most probably we will see pullback so don´t put your SL too tight. EURUSD Break uptrend and we are looking for downtrend after good news for USD, search for FOMC Meeting Minutes Fundaments : "More hawkish than expected is good for currency" Why traders care ? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates; If the guiding principle in real estate is "location, location, location" in FX it is "interest rates, interest rates, interest rates" Have fun Herac -if u like it give me your support and press that like button, i would appreciate it
Short
by herac
2
TRX MAINNET FOMOHI guys, I wanted to analyze the TRX/BTC on binance, but on Trading View is only Bittrex (less timestory). This is my TA on Tronix (TRX) token, I'm not in about if it's scam or worth it , just cheking the bips ^^. On 31 May it will be the official mainnet launch, it means a migration from ETH platform to their own platform, I predict: 1. Whales will buy TRX and it will be a bullish market. 2. Then lazy buyers will buy it down the FOMO effect (whales tactics + Mainnet launch). 3. Price will be between 1000-1500 sats, a good point to sell.
by therock3xr
4
BTC Bear Flag Continues - Soon Coming to an End?Good morning ladies, gents, and all non-binary peoples. As you can see this morning we are still continuing on with the bear flag continuation from the last few days. The bulls put in a whole lot of work yesterday but just could not break the now converging resistance-trend lines. To their credit they were pretty close, smashing the 200SMA and briefly breaking the 9000USD flag marker, but not quite reaching the top of the pole. I would be led to believe that this flag is going to continue bear today, and that we will be retesting a joint 200SMA, and 8000USD resistance/support line. Whether we will see another bounce off the 8k mark, only time will tell what work the bulls can put in, but I am personally expecting it to break down after seeing the volume drop, the market cap starting to once again decrease after yesterday's huge surge, and the 1 Day Bollinger Bands are wide open. It could very well just be another consolidation though, again, keep your eyes on the charts! What I would expect with a breakdown below 8000USD/200SMA is for the price to drop somewhere between the 7000 and 6300 area over the next 2-3 days (unless we see a huge dump). With the MACD once again touching on the 1 Day chart, ~8000k would be the safe, conservative guess of a price bottom. That's all from me, I may update periodically throughout the day as the action develops. Stay safe, gamble smart, and don't FOMO your money away! - RECT *** Don't take my word for it, I'm just a rookie who studies a hella lot***
BITFINEX:BTCUSD
by RECTmetal
1
Bitcoin reversal? How to start entering long After a long and brutal decline Bitcoin has shown a reversal on the 30m chart. Double digit gains in 2 hours started the reversal (6100 to 6900). While it is easy to see these short squeezes, ist hard to enter at the right places! I want to show you how to start entering long in a possible reversal without FOMO (fear of missing out). After prices hit 6900 and broke the downtrend, BTC moved down again in a short term trend channel. Two big questions arise now: a) Do we get a new low, which is often to be expected after a trendline break? b) Or will we get a higher low and establish a working uptrend channel , indicating a reversal? In the chart I have marked with blue arrows the candles at which decision could be made regarding the two questions. At these points you can enter long: Long 1 +3: Prices bounce up at important levels, indicating a valid uptrend line. Simultaneously the short term downtrends are broken. Both entries are a little more aggressive but have the biggest upside potential. More details I described in the chart. Long 2 +4: Here we can already see prices moving up in a steep new uptrend. Furthermore a second attempt to go down inside the trend failed, which is a failed second entry short. This traps some shorts and leads to more buying pressure. This is a little difficult to see on the 30m timeframe here, but if you look closely at the shape of the candles you can spot it. On a lower time frame (15m) it would be easier to see. What is happening right now? Prices have reached the 7800 level, which is the resistance level and former breakout area. All shorts from the prior strong downtrend have now seen their breakeven stops (or trailing stops) hit. Prices could not go higher an started a new downtrend channel. Is this the end of the uptrend already? No, at the time of writing BTC pushed higher, breaking the downtrend. This could be a bear trap and we might see a new high. Prices above 8.000 would probably trigger a lot of stops from shorts.
BITFINEX:BTCUSDLong
by FBlocktrader
2
4 Years of BTC and herd mentality in one chartHey guys, as you've seen on my previous forecasts on BTC and XRP, I've started to accumulate and increase my holdings. Besides the technicals, my bias is getting even more long biased due to the massive pessimism around inexperienced traders and overall media coverage. As you can see on the chart above, this is not the first time the world has witnessed such a huge drop on BTC. Back in 2014, when the total crypto market cap has dropped below 5 billion USD due to a massive sell off of -87%, the web was full of articles saying that Bitcoin is about to collapse. That it will end.During this phase, we've also witnessed the MtGox affair and the start of some regulatory talk. Some university professors and asset managers begun to throw out predictions that BTC will hit $10. Once price has started to recover, you've suddenly heard nothing more from these people. The sentiment has been switched to "keep our mouths shut" till BTC slowly gained bullish momentum again. What happened then? The very same newspapers and magazines started to write articles that BTC is now "hip" again and it might become a big thing in the future. As soon as price started to really rocket, the very same procedure has started again. Jamie Dimon/CEO of JPMorgan, marketwatch.com, CNBC journalists and many others listed thousands of reasons why Bitcoin is bad, risky, a fraud and of course why we all should stay away from it. Guess what happened when the price started to drop again in January? Right. The very same thing. There is no "this time it's different". This market is still in its infancy and yes, there are other coins that might become the crypto #1 but no one knows when it will happen and we shouldn't actually care about, because for now we clearly see a heavy BTC dependance on other alts - despite the diminishing BTC dominance. Long story short - I think it's extremely important to never, really never fall for any catching armageddon crypto headline out there. I am actually using all this as an contrarian indicator, meaning that a peak in both, heavy optimism and pessimism regarding cryptos should be a warning sign. People just went crazy in France a week ago or so, because some stores have been offering Nutella and diapers for a 70% discount. This thing has escalated so quickly that they've had to call the police. On the other hand, when people are been offering to increase their crypto holdings to buy back at a heavily discounted price of more than 70% , people are scared to death and even sell(!!!) their holdings with a massive loss. I mean..that's just insane. It's not about having the most accurate entry or exit. Think of Michael Burry (The Big Short) or other investment funds who act during or prior to such a crisis,bubble,healthy correction (call it whatever you want). They rarely squeeze a trade out from the very bottom to the absolute top. Sure, they're doing their best to do so - but in the end it's about the final result. And speaking of this, it simply doesn't matter that much if you've bought in at $6k or $7k. Hell, let BTC even drop to 5k or 4k. That would be even better, as we can buy at much cheaper levels. And once BTC and alts start to gain bullish momentum again, you'll hear the exact same words, you'll read the exact same headlines on the very same magazines and newspapers. And yes, there will be again regulatory talk going on, people spreading rumours, maybe some bans, etc. It just doesn't matter in the mid to long run. I've seriously read a comment below a tweet of Kim DotCom who advised people to buy BTC on the 5th of August 2016 with the words "Buy Bitcoin while cheap. Like right now. Trust me". You don't believe what an insane amount of hate comments he received and many were just like "mhmm alright". These peeps have probably the very same mentality to those who are laughing at others that say, BTC and alts with a proven concept will have another insane bull run in the near future. Don't be a sheep. Don't panic. Be patient
BITSTAMP:BTCUSDEducation
by BudBronson
16
up, down then rocketAlmost every triangle an the various intervals from 15 min to 1 day, have seen a rise breakout followed by a dump. The main triangle started before Christmas is closing along with a smaller recent triangle. This double squeeze will give extra momentum to a breakout. I expect the pattern to be repeated with BTC rising and temporarily sneaking through the 13000 resistance before dropping down. The timing will be seen in the 4hr RSI overbuying before the end of the month, dropping down to oversold and pulling the daily RSI into oversold with it. The daily RSI last hit oversold in September and that bounce worked out pretty good (if you had BTC). This Daily RSI event will trigger bots to buy so we'll see a volume increase and sharp rise. To summarise: In the immediate future a risky small long hold Followed by a good short sell Followed by panic selling Followed by large volume buying and a decent long position, with potential momentum mixed with FOMO to break 14,000. Caveat : I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
BITFINEX:BTCUSDShort
by reppac
The case for that being the BTC bottomFirst of all, I should say that the drop in BITSTAMP:BTCUSD on Monday 22nd January didn’t really feel like a bottom. I didn’t see much panic. That said, I think the problem with following prominent people on cryptotwitter is that there is no sense of panic even during the down-days! It would obviously be disappointing to a lot of us if the drop to $9927 was the bottom for the next month or so, having heard chatter about sub-$9k entry point opportunities. However, there do seem to be a bunch of strong indicators that suggest that $9927—and, six days before it, $9,222—may be as low as the market will go. First of all, the 125 day moving average (a light purple area in my chart) has basically not been breached since the start of 2017, and has operated as major support on numerous occasions. Price came very close to touching it this week, and bounced off it last week. The grey area in the Fibonacci retracement is the lowest level from the $19,666 top in December — a full retrace. The long-term trident on a log-scale chart (green diagonal area) and the bottom of this range (highlighted as a diagonal pink line) was breached in this week’s price action. On the 17th, it was breached, but the price closed above it three days in a row. This week, price has closed below it, making this indicator a little suspicious on this particular action. This may be a strong indication that there is more of a drop to follow (especially if you buy into the theory of manipulation around Futures contracts closing on Friday 26th).
BITSTAMP:BTCUSDLong
by rufous
3
(XRP.X) Ripple Based off of IMPULSE..50%+ gainer coming?Just an idea...I have another TA on ripple that you can check out on my page. This is the idea based on the facts of impulse, psychology, and human emotion. It's pretty straight forward, explaining that since the impulse acts in waves, we should be seeing a slow uptrend in ripple for the next couple of days. The highest point it could make is 28k sash, before it recorrects and then continues to trend up, which would change my target price for my other TA (~35k sash), but this one is a different type of TA that I don't normally do. I based this number off of using Fibonacci retracements, where the top of the trend was wave 5 and the bottom was wave C...this would be a good choice to dictate if that downtrend will continue, and it reversed and actually touched 1.61 very closely. I expect the same for this upcoming wave series. All ellipses on RSI are important points: end of wave 2, start of wave 3 (which I circled to compare with our current state) and then also the tops of wave 5. The forecast bars are based on a rough estimate, as I haven't used the best method to figure out how long a path may take, as both the first and second wave are a few bars close, about 12 hours, which could be an interesting number on its own. Nonetheless, we should be uptrending from here on out! This isn't my normal type of TA, but HEY: You have to continue to expand your knowledge and try to learn to become a better trader! Please, let me hear your comments and if you're more familiar with this type of technical analysis, let me hear your thoughts as to what you see may be true or not. I am IN ripple, bullish, and holding as I do believe it is on the trend of breaking out soon.
Long
by Eurocrem