SAD
CVCUSD dead :(Its hard to believe a CVC would die or complete fizzle out with such a large community, active traders, incredibly high volume, incredible features, COINBASE listing!!! But I regret to inform you its true. 0.005 her we come. :(
just my thoughts11 minutes ago
So, Feds have, yet again, cut, 45 minutes before closing bell. Expect a rally to resistance 3450ish, then a drop back to support and maybe beyond. There are some major contribution to this! for starters, if you look at the day clock it has already consolidated and went into expansion! Now we await the major move! Another Huge contribution is the european markets, which will not only affect europe, but the world economy, Including but not limited to S&P! Another reason is it is extremely over brought, i know we have added over a 100k retail traders, but that numbers is not realistic in any time frame or period! lol! CUTs may do nothing at this point,
Apple has also Suffered! which will also hurt!
China is seeing a slight increase in cases, and some are going back on lockdown!
China has administered over a 100,000 doses of vaccines! (no clinical trials) :(
China has also seen a increase in cases!
Last thing, Coronavirus is up more then march! don't panic, IT IS NOT TIME YET! :( :( :( :( :( :( :( :( :( :(
Only thing i will say on that pullback to 3450 is that the last wick on the 4 hour is longer than any other! so spx may be DOOMED
Bitcoin in trouble?Friends , btc seems to be in trouble. The 4h support at 10.1k seems to be broken as of this moment - which means that price is likely headed lower.
I'd take a short position at 10050 area and manage risk based on a 4h candle closing above 10.1k.
The chart pattern is arguably a descending triangle, It does not look like a symmetrical triangle to me.
Descending triangle are bearish chart pattern.
ETHEREUM Dismissed Sharp Rise! After how long we had waited for our 'bread winner' ETHUSD to let us in, on the right signals to enter, and start this Monday morning on the green - the markets decides to consolidate under $191.18 bringing us back to the bears trivial losses. The price is tested but i would not enter until i see enough Bulls charge up a slope.
The Daily Show with LTCSo, it has been a few days and we have seen some consolidation occurring. For me I want to be bullish on LTC and I really do not want to see it drop below 100. However, action on the 4H is just not cutting it. We need to see a break above the 55 EMA and a green candle close. Surprisingly, that would just require a push to the 119-118 mark.
But here is the challenge :
1. RSI is above 50 on the 4H but about to test it. If it can't hold we drop and go bearish.
2. Volume is not on the side of the bulls
3. Overall trader sentiment is we are going to drop below 100.
4. The lower time-frames have work to do, specifically the 4H.
5. BTC ....
My desire is we do not drop now, but go sideways till late June. That is when the long-term trend line will be above 100.
Not advice, just my opinion.
$bitcoin chart.twitter.com - OG twitter thread for ref.
Crucial diagonal support trend on the pennant drawn broken, we have little to do except for look at the rest of the diagonal supports and EMA.
Price ranges showing %s, it would make sense that we judas down to let big money in, shake out retail.
Would be hilarious if this was a massive fake-out.
ADA, break out, or breakdown in the office in front of everyone?ADA is currently battling on top of a VERY strong support line. Looks like it should be able to break out up above the yellow trend line shortly, based off of the spinning top candle, right before the most recent candle (just started). If not, and it does break down below the black support line drawn, look for a pull back to around 1600 sats.