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Longwick

"The Bottom is IN!" . . NOT | BTC BeatdownIf I hear "The bottom is in" one more time I'm gonna run my nails down the chalkboard before erasing the rest of Bitty's vaporous LT gains. It's a BEAR MARKET and the carnage isn't over, but bulls never learn and the fundamentals mean nothing to speculative and pleb news craved junkies. 1. Long bottom wicks ENGULF, more times than not. So guess what? More down eventually even if the PPT steps in to protect the institutions (which need to be institutionalized obvi) at current level. 2. Core Scientific : Google it. At one point they provided roughly 10% of BTC's hashrate according to Coin Bureau Guy. 3. Bitty just sucks, it still too slow, too expensive and uses too much power. * * * Not investment advice, and DYOR, or don't, and listen to the fools in cryptochat * * * Box owt
by FudBox
12
XRP Got checked out of the LibraryOK crew, if you've been following my previous XRP "Stick a fork in it" idea, we made some pretty solid moves that really focused on ; A. Scalps and light profit taking B. Wealth preservation and keeping the portfolio in steady growth C. General price directions on the daily, which we nailed gloriously So moving to the new idea here (bonus if you got the library reference) 1. SEC vs. LBRY - Bad news, Google it but long short is that (at the very least) it has an impact on the crypto market at large and especially in the minds of XRP fam. 2. Check out the Core Scientific meltdown and it's effect on BTC hashrate. I've been warning everybody. 3. Clearly somebody knew something which led to the pump starting on the 16th of September. These guys always know and play the inside but I'm sure the SEC is totally going to go after them, lol. After 4 solid days of red candle action, we crescendoed beautifully with a net beatdown drop of just under 35%. Pretty sweet and all in hours of trading. 4. Blood moons - The guys that move markets are total occultists. Look at the way Doge moved running into the culmination of Halloween. Last night's blood moon eclipse and the resulting sell-off is just their way of letting us know who they are and what they're into. 5. On the purely technical side, we're well below our key MA's and with the John Wick candle staring us in the face, that wick is sure to engulf at some point which means lower level buying ops and shorts for those willing to risk handling XRP the wrong way. She can be a cruel mistress and you don't want to pi$$ her off. 6. Look at previous potential Golden Crossings and see how many reversed and never happened on the EMA's for XRP. 7. The Harmonic totally paid out on the short side but we got pretty good results with longing back in at the bottom of the longer term Fib channel / uptrend. Keep an eye on the down fork still in play although I'm still a fan of the engulfment theory. I probably missed a bunch of other stuff but this should do it. We're basically looking to add more on lower buy levels while minimizing and downside to the portfolio here. Good luck my friends! * * * Not investment advice * * *
by FudBox
6
XRP | More Bearish Engulfment?As I've said in previous ideas, those long flash wicks down, tend to engulf and the last long wick was no different as we're seeing trade activity explore the lower breach. I'm neither bull nor bear as I take scalps on any action up or down BUT I see regulatory issues becoming problematic for crypto as a whole and the weight of dark pool liquidity being used to quash holders of monetary vehicles that compete with the junky USD and other fiat ridiculousness (FedCoin). Permabulls may get some relief in the near term as cycle rallies ensue but we're got some beatdowns on tap along the way. As always, do your own research and this is by no means "investment advice". Good luck!
by FudBox
1
My Doomed Long BTC in the wickKeeping stop above entry, would really like this to be the bottom of the late unpleasantness, but selling continues to be relentless. No doubt sellers are trying to drive price down to 50K or lower. 50k is psychological support for "normies" so I think it is worth trying a long from here with a tight stop. Don't lose money on things like "the big magic number has to be defended at all costs." That sort of thinking is what gets people (bulls most often) rekt.
BYBIT:BTCUSD.PLong
by JJMa
Extremely effective scalping EURUSD strategy with key levels I am excited to present a very effective scalping strategy for this pair within these zones using the 4 hr and 1 hr charts. The blue lines represent strong resistance and red represent strong supports. This strategy is played within this high trading zone. To find entry points using this strategy I will use the 4 hr chart. The 4hr chart with these key levels pinpoint reversal points. If you observe close you will notice strong pivots can be detected with a 4 hr long wick close out touching a support a support line. You can add confirmation of pivot reversal by observing RSI levels on 4 hr chart. I use the 1 hr chart to monitor the momentum of the trend. The one hr chart is important because it helps determine key level breaks. If a 4 hr candle closes beyond a support or resistance, the 1 hr chart will help me determine the next key level of possible reversal. Below is the 1 hr chart. You can see strong pivots on the 1 hr and 4 hr play out at 1.18300. Now that I have pivot confirmation I will observe the 1 hr chart to target 1.18940. Once this level is reached it will either close out with long wick or push right through 1.18940. If there is pivot confirmation we can target 1.18300 for a short scalp. I am excited to use this strategy for the remainder of the week. The levels are clearly marked with channels and pivots made clear!. Let me know what you think!
by Pika7993
Retracement and Fake out on 4H Timeframe CHFJPYHello traders, this is a simple trend following and Candlestick trading pattern on CHFJPY which works only on the 4H time frame. After a move up, we have a re-tracement and price returns to test a psychological resistance level which is the only resistance levels i use in my trading. Remember this strategy also works very well with diagonal trend lines, it also works in counter trend, but is best suited for trending pairs in the direction of the trend. Make sure you respect risk reward criteria and always have a STOP LOSS on all you trades.
Long
by asangwecho