Patterns
Altcoins looking attractive again. Here's what I am seeing.In this video:
* I review the altcoins that I am seeing look attractive at this point
* I discuss strategy in entering back into the market
* Dollar cost average in
* Don't put all of your trade cash into any one crypto or exchange
* Why some altcoins are looking especially attractive
This is where I start looking to re-enter - 42-46kHi Traders,
A non-video post for you all here.
Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again.
Time, price, pattern. That was the time aspect. Now onto price and pattern.
We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon.
Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen.
What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again.
Stay tuned and until then, trade safe all!
-Stew
The graph analysis (GRT)Hello guys, welcome back.
I think GRT is a great deal right now, price been accumulating for quite a long time, now I believe we should start going up again.
as you can see on chart, we also had this rounding bottom formation over and over, we have a very important resistance zone ( 1.05 - 1.1 $ ), break of this level can lead to a huge move.
Entry zone : 0.7 - 0.77$
Stop loss : 0.54$
Take profits :
1 ) 1.06 $
2 ) 1.26 $
3 ) 1.7 $
4) ATH
* It's not a financial advice *
BTC Bear Market 1st Peak FractalAre you all starting to understand or see what i have been talking about?? Get ready for BTC's Longest Bear Market to Date..
Now Let me State That Yes I can bee 100% Wrong here. I Could be completely wrong and be making judgement too early and it be that we actually do see a parabolic run up soon before the bear market begins but as the state of the current Stock market is looking so bad i can't see us going on much longer without seeing a black swan event.
BANDUSD - Charting on the fly - Trade strategy - Price Targets In this video:
* We do another Charting-on-the-fly session
* I look at past price history and chart patterns
* We assess the benefit and accuracy of analytics
* We look at current price actions
* We map current price patterns
* We target price and map levels
BTC falling wedge, squeeze out from 50-53kBitcoin has entered a falling wedge converging near the 50k mark. Expect a breakout from this range soon and look for declining volumes as we approach 50k. These patterns are usually very reliable. With the crypto fear index reaching extreme lows, we can expect the price to bounce in one way shape or form. I am not just advocating a trend reversal, but also the possibility of an intermediary bounce that falls back down.
Daily Crypto Market Update - batusd oxtusd & many more!In this video:
* I provide an update for basic attention token, orchid, and many more
* I browse through the charts in attempts to determine the overall market sentiment in the crypto space
* We discuss Bitcoin and what it means for the rest of the market
* Overall, I am still extremely bullish for the next few weeks/months
* Black Friday Special still on:
$HEXO DD & Technical Analysis (2021)such a Wicked Quarterly Report >>> here is a good analysis of the recent Merger ( www.youtube.com )
On the recent 2021-Q3 Conference Call: it seems like HEXO recent revenue doesn't include Revenue from REDECAN, since the merger happened at the end of August . . .
>>> so How much this Company Worth Today ?
>>> assuming HEXO and REDECAN did 50/50 Merger . . . the next January/March 2022 Quarterly Report should have at-least $250 million/year combined revenue (from HEXO + REDECAN) . . . hopefully, this time, HEXO will bounce back to $10 (per share) by Christmas
>>> Christmas Quarter is normally the best Quarter for Mari Juana, instead of shorting the stock, hopefully this Christmas HEXO will finally reward its Shareholders
Litecoin - Beautiful Setup - Target $354 - Here's why...TV subs,
I realized this morning that I made a mistake in publishing my Litecoin video setup incorrectly here on Tradingview. I had spotted a beautiful setup and created a video about it but it was published as a "Private" video, meaning that only those with the link could view it. Unfortunately, TV does not allow me to make the video public. You are only able to view the video if you have the link. Ironically, this means that all of my free substack subs got the notification yesterday while subs here on TV did not. Therefore, the best way I know how to correct the error is to provide the link below in "Link to Related Ideas". I can't say I won't make the same silly error again, so if you want to avoid missing anything, please head over to substack and subscribe. That way you can be sure to be notified of everything I post.
Thank you all for your support!
Happy trading.
Basic Conclusion and ConfusionI have questions about perdicting an asset/commodity deflation event or crash below If you have time. Prices are through the roof right now making the entire investing world to seem speculative. I think the market is showing weakness and there may be a crash around the corner, I'm looking at patterns to see if there's any similarities between the build up to a crash and seeing where volition is creeping towards a big leap before a significant increase in volition such as the red bar pattern over today's current situation (from a jump in 2018) where I found similarities with other minor jumps in volition and a pull back in a bullish pattern, given that a majority of the market can see inside before retailers is it possible that these build up events where fear becomes the headline for few weeks to months ends up being a sudden crash in value. Professionals and "Professionals" have said time and time again that the build up is here, it's been happening for months to years given assets are up at record highs and inflation is going now where anytime soon, our supply chain will only get worse till February I hope, even then it'll take years before we see commodities stabilize and by then the value of the dollar will not be what was, oh also the richest minority own the largest majority of everything still.. is there much of a pattern and what are some of your ideas? I hope we both learned something?
Is there a way of timing a economic crash?
Is the 36 month trading period a thing?
Is it best not to worry about the crash? it'll happen eventually as time has proven again and again.
Best case scenario I reposition some previous sales and some savings.
If a company doesn't rally back to it previous average after crash, is it still worth it to invest into said company since it is sustainable and growing a dedicated user base?