GOOD REACTION IN DUMP AND CORRECTION 😍when market have correction or dump people scared and sell portfolio and same place market come back and who sell portfolio, buy again in pump and this happen repeat and repeat to zero portfolio...
Please read this part carefully , When market have a correction you must buy more and wait for come back and get profit to this correction instead of sell portfolio and think market will have bear season to this time , So now buy more and wait just this no more .
Remember market in any time have new trend and never Fixed in one trend , You must smart and think about market and news and charts next select good position !
NOW If we can't understand chart or market condition , what we must to do ???
Answer : You have nothing to do , Sometimes we must just watch and wait to good place for login and each time feel market have bad trend and you can't understand that , just sit down and noting to do just watch !!!!
Cryptocurrency market have a more than 12.000 coins and token and we can't keep all and get all profit , So make your watchlist about 10 to 20 for starts and check that .
Have a good times guys :)
Fomo
BTC is ready to explode. Heres some thoughts to consider. Happy Thursday Everyone,
I thought I would share a quick update on BTC from several perspectives. I track traditional equities and macroeconomic trends as closely as I track BTC and Ethereum so I hope this analysis adds a little value to your research.
Its almost impossible at this point to find a single notable bearish metric for BTC or Ethereum from a fundamental perspective. Although this chart is for BTC, I feel that aside from the chart analysis, everything listed below applies to ETH directly as well. From a technical analysis perspective, we see previous resistance flipped to support. Healthy volume and sideways accumulation above a traditionally extremely challenging level of resistance. On chain data suggests that this recent price action is almost purely driven by long term investors and “strong hands”. I generally tend to avoid indicators like MACD and RSI at this point. We are technically still in a price discovery phase, so indicators like the RSI and MACD tend to break down in these levels. I prefer to focus on the assets respect to its current price channel and how it reacts to its locals levels of support and resistance. Keep it simple. No need to over analyze price discovery. We just need to observe its price action.
Notable On Chain Metrics
-Supply shock ratio highest since 2017
-Highest exchange outflows since 2018
-Illiquid Supply at ATH
-Long Term Whale Addresses at ATH
Macroeconomic Perspective
The Fed announced yesterday that they will begin tapering at a slow rate beginning as early as the end of this month. The Fed is expected to cut Treasurys by $10 billion a month and mortgage-backed securities by $5 billion. Tapering is expected to continue through Q3 of 2022. On the surface, this may appear bearish for BTC but it is actually bullish due to the fact that the Fed has essentially forecasted how long they expect inflation to be out of control without outside intervention. I see this as a major catalyst to BTC once the market has a chance to digest this. With that being said, this could strengthen the narrative of those who believe in a lengthened cycle through 2022
We have yet to see retail traders start to step in, FOMO hasn’t even begun yet and media coverage, for all intents or purposes, has been relatively quiet. We are in the eye of the storm at this point.
Fasten your seatbelts and enjoy the ride.
AIONUSDT Lets get ready to the moonrideThe asset breaks up from the accumulation zone. Many coins that have recently had a similar triangle pattern fly very high after it breaks up.
AION demonstrates a pattern similar to the coins that fly up after the breakout of the triangle. There is a promising opportunity to open a long position with the expectation of a take-profit area above $1.
CL - Crude Oil 4HrThe Monthly CL Draw - 6.50 to 148.40 Draw provided clear guidance
as to the Break of 77 as we indicated on the Breakout.
If you followed the Trade, it has been solid, we're $6 over the break.
The Apex has a number of higher Targets, 85 - 88. We will see the
reaction @ the Zenith of the first, second, and third Apex.
The Price of many Soft Inputs - Canola, Soy, Oats, and a great many
others (excluding Rough Rice, of course) continue to suggest the
Transitory expectation for Food Prices remains in defienace.
Gold reversed all of its gains, we have an increasingly larger
range 1596 - 1909 / Yields are adding pressure, the momentary
rally appears to have concluded.
With the BTC ETF ahead, the distractions abound. Wall Street will
do precisely as they did with the launch of the BTC Futures Contract.
Let it breathe and then SELL it without remorse. We will follow riding
their Trench Coats as they will dig a rather large Trench for BTC.
TECH is hostage to EPS / Bond Yields / VXN / VX Curve.
PUT buying has been strong after Dr. Bury was buried in Tesla PUTS,
cashing out Thursday / Friday. We will begin to enter PUT Positions
for Tesla into EPS. @ 900-920 / 760 with 2% committed, as soon as prems
become more elevated, we will Strike.
Tulips abound, consolidation to higher into October 20/21 then Dump
once again until the FOMO Rally concludes.
Crude will provide plenty of Indications this week.
Trade Safe - HK
BIG XTZ (Tezos) PUMP and BREAKOUT but be careful...Firstly, a huge congratulation to everyone who bought XTZ for $6. If you haven't bought yet, then I'd say wait for a correction to the next support level of $7-$8. I'd say this move is mainly driven by emotion and FOMO (no disrespect to Tezos, it's a great project) as it's still over-extended. I wrote all the analysis on the chart already so I won't be doing it here like I normally do.
Have a nice day and trade money you can only afford to lose!
Bitcoin (BTC/USD) - Trend, Support, Resistance - Daily - 9/07/21Bitcoin's daily uptrend is at risk. BTC price has fallen down below trendline support, and is currently holding above the $46,000 to $43,000 support range.
Bullish scenario:
-BTC price finds and holds support above $43,000. Then bounces up to set a lower-high in the daily price trend.
-Resistances above: $47379, $50000, $53034, $55000, $60000.
Bearish scenario:
-BTC price falls below support and is rejected down under $43,000. Price would continue to seek a lower-low in the daily price trend.
-Supports below: $41220, $38493, $34555, $32344, $30000.
Note: On a long-term Weekly chart, if price holds above $30000 to $35000, a weekly higher-low in the price could be set.
BTC TRUTH ! The Securities and Exchange Commission has extended the deadlines for four Bitcoin ETFs.
The Commission cited the need for additional time to “take action on the proposed rule change.”
Cryptocurrency proponents remain hopeful for the approval of a US Bitcoin ETF in the near future.
Exercising its statutory powers, the SEC has extended the time frame for revealing its decision on four Bitcoin ETF proposals. The extension will give the Commission sufficient time to go over the finer details of their applications amid mounting optimism.
SEC Flexes Its Statutory Powers
The SEC has extended the time for reviewing applications of Bitcoin ETFs by 45 days. The affected proposed Bitcoin ETFs are Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, Krypton Bitcoin ETF, and WisdomTree Bitcoin Trust with the last ETF to be approved on December 24th.
This move is in line with the statutory powers bestowed on the SEC. According to section 19(b)(2) of the Securities and Exchange Act (1934), provides that “within 45 days of the publication of the notice of the filing of a proposed rule change, or within such longer period up to 90 days (i) as the Commission may designate if its finds such longer period to be appropriate and publishes its reasons for so finding…”.
The reason put forward by the SEC for the extension of time is to obtain “a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments. In the end, the Commission shall “either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.
Bitcoin ETF On The Horizon
In recent months, the SEC has received a spike in Bitcoin ETF applications as the community believes the time is ripe. In September, Invesco teamed up with Galaxy Digital to submit a proposal with the number of applications soaring to unprecedented levels.
Bloomberg’s Senior Commodity Strategist, Mike McGlone famously predicted that the community could see the launch of a Bitcoin ETF before the end of October. Gary Gensler, the Head of the SEC, is of the opinion that the type of Bitcoin ETF that could most likely obtain approval is the Bitcoin Futures ETF.
The SEC currently has over 12 applications it has to review but remains concerned about the potential for market manipulations that they possess. An approval will open the floodgates for applications and could send BTC prices on a price rally.
SXP USDT pullback happend!!Yesterday i saw this coin getting pumped, unfortunately i was to late and i didnt wanna risk to get in high so i waited for a pullback. If the pullback didnt happen i won't enter and forget about it but today the pullback happend!!
Before i enter i wanna make sure that bitcoin wont fall down so im waiting for bitcoin to make a little leg down and a confirmation back up, After that i will enter SXP if not i will enter with a small risk because i dont wanna miss it (FOMO)
have great day and stay safe its not clear what bitcoin wants to do fall or rise? what do you think let me know ;>
dont take it as financial advice
Inverse Parabolic Growth - Never Short a 'dull' Market!Negative Parabolic Growth.
Yes, parabolic growth can be negative. growth rate is negative and the Rate of Decline is increasing!
This phenomenon was identified previously in context to the negative costs of carry associated with inverse ETFs and in particularly inverse VIX ETFs.
The old trading saying goes like: " never short a null market!", and the case of the current set-up, the risk factor is that the market spikes against the short position and takes it out. A bit like those hedge fund 'gurus' who shorted AMC and GME when both stocks were already bottom feeding!
So stand back - if you are into shorting - then there are far better candidates around: SPY + Patience + Policy Disruption = Success :)
Parabolic Growth - Never Chase Price!Parabolic Growth - A Quick Note
Positives parabolic growth rates occur when both Growth is positive , and the Rate of Change is also increasing - the 2nd derivative is increasing in calculus terms. Obviously, the rate of geometric growth can only increase so far, otherwise price change would increase infinitely!
Parabolic growth on daily charts and lower time frames eventually gives rise to periods of retracement and/or sideways consolidation. We have seen this in cryptos (BTC 's first major bull run) , many other futures contracts and even stocks. This phenomenon can be identified even in charts going back to the 50s and 60s.
Lesson here?
- Never chase price!
- Wait for a pullback and/or consolidation phase. You don't want to be the noob that buys at the top!
- Understanding the phenomenon mitigates the risk of lack of self control and feelings of FOMO.
NATURAL GAS FRENZY - Is this "natural" or only a "fart"?Just want to share with you my idea. If you read my past post I'm in "safe area" because market is really extend.
For a quick reference I've crossed 3 graphs : Sp500 | Oil | Natural Gas
Let's compare 2018 with today.
I strongly believe that 2018 is only a "small version" of the 2020-2021 Economical LunaParKovid Frenzy.
I was really surprise to discover that Natural Gas was Pumped at very start of market dump in 2018 . Those pump (both today and 2018) are strictly related to beliefs on debate going on how natural gas is a “bridge fuel ” that can help pave the way for the U.S. to reduce carbon emissions and renewable.
Main problem is the Dump after the "FOMO storm"! Storm in both sense : literal because IDA and Nicholas Hurricane push prices up. FOMO Storm because Fear of Missing Out take aboard all type of small retails looking for easy cash (and empty pockets at least).
However, the only thing I see now is only a FOMO . Stay alert this can finish worst than you can image.
Doesn't matter if Cramer say....if Hurricane doing... if China making...
We are in an high volatility market. Be careful, don't chase your dream, don't chase FOMO. Just use your brain.
This is not a financial advice. Only ideas.
If you are happy with this post, please consider to donate something on my Paypal.
BEL / BTC (Binance) SWING trade 600% potential
☝🏻 BEL is a token that has always made us happy and has met TP levels on several setups. In addition to our open middle-term trade, I really like this long-term opportunity that the chart offers. It is more than 1200% apart from its highest real high on a BTC pair, and the overall concept indicates the possibility of attacking at least half of this potential.
👌🏻 I like the nicely leveled structure after the huge collapse. The price drop gradually weakened until it twisted at the bottom, found a market price and created strong All Time Low support. He was able to create a higher high at the highest TFs, and thanks to that I observe a potential change in the long-term momentum in the event of overcoming the last high. At the bottom of the whole cycle, a huge symmetrical triangle was created, which seems to me one-way.
👍🏻 The chart has a good time and a month to leave this structure, but for long-term trade it is ideal to accumulate positions already in the apex and just below the Point of Control of this triangle. Setup is for several months and offers extreme avg. RRR - 8.33 with the latest TP up to 647% of the current price. I would like to draw your attention to a very deep but safe SL 54%, so be sure to follow the established Money Management for this trade and enter with a small % of capital.
✅ BUYZONE - 3647-4635sat. StopLoss - 1898sat (54%). Take Profit marked on the chart.
❕ ATTENTION to Money Management. SL timeout 10min. Trailing TP 10%
1D chart:
BTC/USDT Correction Prediction We experienced a massive dump/correction couple days ago. This was expected as Bitcoin pump to 52k very quickly. We might see an impulse then another correction (may be more) before BTC turn bullish.
I have broken into different zones according to supply and demand based on fear and greed -
Buy zone (Support) - This is a zone where there is high fear where retail investors do nothing, but whales and institutional investors buy and pumping the price up
FOMO zone - where retail invest buying after the pump/reversal
Sell zone (Resistance) - Where big players take profit where high Greed
According to this we might see an impulse towards FOMO/Sell zone then a correction toward the Buy zone 1 again. If that is breached then we can see the price dropping to Buy zone 2.
This is not financial advice please DYOR
$LINK: Lot's of impatience and FUD on twitterHey yall. I just wanted to point out that the point of greatest fear/ capitulation is also the point of greatest opportunity. $LINK isn't doing anything flashy right now, and people are getting very impatient and fomoing hard over the NFT craze. I've been saying this the entire time.... but $LINK isn't for us prospective investors. It's not even a blockchain... it's a decentralized network of oracle nodes. It's a network built for multi-billion dollar corporations. The $LINK token is the medium of exchange in this network. The token secures, holds vital information, and is the fuel for all participants in the network. We're being patient for a 2-5 year time frame and beyond. Once the price leaves this sub $100 dollar level, that'll mean that the cat is out of the bag. That the network is in full effect. That mass adoption of smart contracts by enterprise level business is in full swing. If you don't have your stack built by then? Good luck.
$LINK isn't a good investment for people who aren't able to afford holding for multiple years. I'm personally loving buying at these prices. Nothing about the amount of partnerships, the amount of progress, the amount of need for this network has changed.
BTC big ascending channelIn big ascending channel. Breakout to upside from this channel would be really bullish sign and lead to parabolic upside action. But if this resistance line holds, we could see retest of support line of this channel. Ascending channel is BEARISH figure and have more chance to break down, sooner or later...Inside of this channel we can see smaller rising wedge which is also BEARISH figure, and also have more chance for downside movement. Beside technical things, 50K is psychological boundary, and breaking this level could lead herd to FOMO in, and therefore moving price up. Watch these levels, for further BTC direction...
#BTCUPDATE - 17.8.21 ASCENDING TRIANGLE OR DUMP?
A strong wake up from the US has seen a push back into this ascending triangle. Whilst it looks positive right now I am still not fully sold that we aren't going to test some lower regions - again I still think $43k is a target here.
Holding above $46.6k will be a start - although still another trendline to break that is struggling to break.
We will meet $48k with resistance no doubt and a break through will highly likely see a huge rejection at $50k region maybe a little higher. As mentioned yesterday we are going to see some serious volatility over the coming couple of weeks.
My play is a break below $45.7k then short to $43k, holding above $46.6k then long to $48k with a 2nd target of $50k.
This is all subject to news drops - I have a "feeling" based on news cycles recently that some very very big BTC FOMO is about to drop. Tin foil hat theory!
FOMO, The GOOD and the BAD! Good day everyone, this is my second psychology method. Today we are learning about FOMO. FOMO is another word for Fear of missing out. This means a couple of things in the mind of trader.
"Oh my god, it keeps going up."
"I am going to miss it"
"Fudge it, all in"
"I can make a lot of money if I go in."
"It is going to the MOON!"
When this comes to mind of a trader, it losses their train of thought. The strategy that they have been using just goes out the window. Some call it "Risk it for the biscuit."
The worse thing about fomoing into a crypto or pair is winning it, this is because it becomes a habit and each time something pumps 100% or more they end up fomoing. The only problem is, what if it doesn't go higher and it just dumps so quick for someone to react. In the end of the day, you will lose a lot of money. You might get lucky but luck runs out. If you win by fomoing once or twice, then do not keep doing it. It was free money that the market gave you. Go back to your strategy and just call it an Anomaly.
Example:
The crypto you are looking at is called ACH, this crypto got listed to coinbase and it pumped over 1,000% in the last 4 days. What I notice in the crypto chat, is that many people, especially people new to the market wanted to get in even though it pump so much. ACH kept going higher and higher and I knew the fomo was kicking in. Seconds later, boom it dump. It dumped fast. As a patience trader, I wait for the best entry and even though I miss the pump, I still manage to get 50% from scalping. Remember this is not the only method you use to be a successful trader. There are many aspect to become one.
Thank you!