Stop Ethereum!As you see, there is large upward W-X-Y pattern.
The waves W and X are completed and now it's within the wave Y.
There is a A-B-C pattern within it which two first sub-waves are completed but C portion is remained.
Within the sub-wave C, waves 1 and 2 are completed and 3 will be completed soon (waves 4 and 5 of it are remained).
Then wave 4 and a upward wave 5 from a larger degree are going to be completed (maybe in the zone I've specified due to Fibonacci ratios).
So you can enter to make a good profit!
Trends
DOGE is resting for a jump!As you see, a upward W-X-Y pattern is shining!
It's within the wave X and correction portion of the pattern.
So the correction should be completed (maybe up to the Fibonacci ratios) and after that a upward A-B-C pattern (probably) within the wave Y will be started.
So take a break and get ready!
Looks like a hidden bullish continuation...Since ADA broke $1 in February, its price has made higher lows while RSI and MACD have made lower lows, as shown in the chart. My understanding is that this signals a hidden bullish continuation. Also, it appears that the daily MACD is about to break to positive. For these reasons, my bet is that ADA is on its way back up this channel to $1.50.
I am new to this, so please let me know if my terminology is off or if I am misreading the signals. Take care, and GL!
Irrational behavior: Fleeing winnersI do not know if one is born a trader but I know one can be born NEVER a trader. Those that have these bugs in their programming that make them do things that make absolutely no sense, there is no point even trying, they are set to fail from the start.
I think learning about your own tender feelings is totally useless, if you have these tender feelings I am pretty sure you'll never make it no matter how many excuses how throw at reality, which is yet another irrational thing to do and so silly to expect it to make a difference 🤷♂️.
But learning about other people tender feelings is certainly interesting.
Running winners is variable the ultimate objective is not to be a robot. And the variable might be increasing right now which is a reason for me to write this little piece.
First of all I think this period of the year is more lively than the winter, but also notice the pattern americans are following:
"In the first round of economic impact payments, households set aside 29% of their checks for consumption. In the second round, that fell to 26%, and in the most recent round fell to 25%."
The S&P 500 broke out of the Donald Trump trade war broadening wedge. It remained above, kept going up, now even broke 4000 and bears are getting slaughtered, skeptics are slowly being convinced it won't crash like 2008. You know the saying "1 by 1".
Americans fear is diminishing, unless it's just they have no choice, I think their fear is reducing, and they are spending more willingly, gambling some of it on meme stocks.
We saw the Yen do this thing it sometimes does. Lots of money is being printed, activity around the world is growing.
I think we can expect big trends, Forex was creating depressions with how bad and tight it had gotten. Finally!
Trying to run winners for kilometers in a calm market is stupid, but not as stupid and running away from winners like they are Michael Myers.
Nobody makes money being a (redacted: kitty-cat). The whole idea is to catch big winners. It's the whole point of the markets. They trend.
The idea is that when the market has a big move in a direction you sometimes catch it, and when it has a big move against you you NEVER catch it.
Why would markets even exist? Why would anyone ever need to hedge? It's so stupid I can't believe it.
Hedgers = avoid market exposure, avoid all moves. Speculators = take the risk from hedgers, want market exposure. Noobs = Only want market exposure when they lose?????
Imagine this, get in the mind of losing traders:
You sell, the price goes down, and down, and then there is a pullback with a perfect double top or whatever you like and would normally sell every day of the week.
But BECAUSE YOU ARE WINNING YOU DON'T? Lol?
And then to "go faster" they go take huge positions that destroy them, and get into day gambling and so on.
These lose-loving bagholders are the reason why Bitcoin only bottomed AFTER they capitulated in March 2020 when (and weeks after) the price collapsed 60% in a few hours.
Gamblers addicting to losing were constantly selling the instant Bitcoin went up and buying heavy bags as it went down which leads to more selling pressure (after a buyer buys, he becomes a potential seller).
Once all the - most of them - quick quick gambling bagholders got wiped out, there was no more run-away-from-winner losers preventing Bitcoin from going up.
I have been buying US indices since October and I have no intention to stop. If I have urges to "play" like day gamblers do, I'd much rather buy a bit more of S&P.
Does not have to be much. 10 bucks turbos with a 2-10% KO (so 100-500 bucks worth of S&P) every day is objectively smarter than day gambling every day on it with a few hundred bucks.
If it keeps going you can turn a small account into a small fortune. At some point just have to be careful the risk is limited and the exposure does not become insane. Can always sell and then buy back. Say you had a call, close it and buy a new larger one. Just to make sure if it goes 1987 or 6 may 2010 all these gains are not lost but this is not the same as just exiting and that's it, you're still under exposure to that winner, just making sure risk is limited, and profit is not.
As it keeps going these profits can snowball into something so monstruous not even kidding. Start with an initial 50 bucks risk end up with a 150,000 euros win dead serious.
Meanwhile some ****** idiot made 30 bucks as soon as it went up. And felt good about it. Good job man!
On Bitcoin the noobiest of them all, you can see bagholders breakeven at areas where they previously bought.
No one gets greedy and just wants to keep piling in into winners and bulldoze their way up?
All About the Main Crypto Trends 2021 (IDO)Today, the cryptocurrency market is undergoing very good times: Bitcoin 60k, Altseason, for 4 months already many projects have been updating their historical highs, the popularity of DeFi , NFT , as well as now the IDO boom, as there were an ICO and IEO at the time.
What is the difference between IDO, ICO, and IEO?
IEO and IDO in general are the same, except for the platform that hosts the fundraising process. Speaking of ICO - a project takes full responsibility to manage transactions and operations on an inner platform. If it’s IEO - a centralized exchange host the “ICO” in-house. IDO is the ICO and IEO both in one, but a centralized exchange is replaced with decentralized.
IDO has a great advantage on IEO because for IEO you need to pay exchange fees, which is raising up and up as the market develops. For IDO you do not need anybody’s permission. It's a synonym of decentralization - instead of exchanges, community members are the ones who vet projects and tokens. It opens new horizons.
Unlike 2017 (ICO time), platforms have appeared that select options and provide an opportunity to invest in projects such as Coinlist, Poolz, A2DAO, DAOMaker DuckDAO, Binance Launchpool, etc.
Bulk has been active on the market for over 4 years and has attracted millions $ to fund seed and private rounds.
Expected to be released of a similar platform soon — Bulk Network . They have impressive examples where they have participated in such startups. As a rule, such projects have turned a profit.
New projects give such platforms small allocations to raise funds in which many want to participate. Allocation is an allotment of tokens or equity, that may be earned, purchased, or set aside for a certain investor, team, group, organization, or other related entity. This happens in the form of a lottery. Usually, the retail investor is allocated from $100 to $1000 since the demand is very high.
Last time on Coinlist there was a queue of 400 thousand active accounts to take part in Casper. It was crazy
The market is bubbling. There are many opportunities to make money.
Naturally, investing is fraught with risks, so use money management.
Best regards EXCAVO
Popular investment sectors comparedThis chart looks at all the popular investment sectors or commodities against each other with a timeline that starts in 2019, just before the pandemic hit. Gives a nice visual representation of volatility and growth. The challenge is figuring out how this will evolve over time. I am betting the dollar, sugar, and VGLT 30 year bond etf will be going up whilst the other assets will go down IN THE SHORT TERM. This thesis will need to be revisited again in 2-3 months.
LOOKS LIKE A DOUBLE TOP/ S.TRIANGLE EITHER WAY LOOKS LIKE 2 🐻 PATTERNS, we have some major resistance above and some EMA’S dynamic resistance below, we are in between a linear channel with bias to the top half and this channel has not been broke in months, we have had a few bullish days the past 2 days and a lot of bearish but the trend channel is bullish and we are moving up ⬆️ at a pretty fast pace since the beginning of the year we have almost 3X from less then 20k to plus 60k ... LAZER EYES TO 100K 💯K guys, set your lazers on ATNHs by years end to $100,000.00 USD per BTC!!
*NOTE: I’m only short and bearish very short term like hours to a day while we consolidate, my bias is BULLISH,I’m a bitcoin Maximilian,not yet bitcoin millionaire,very far from it and only in my 3rd year trading, I have lost my ass ,2 full bitcoin at today’s price over 100k ,looking for a huge comeback as my new strategy “ORANGE DREAM STRATEGY “ has been working like a dream and my win ratio is above 60+ percent % right now and now starting to kick some bitcoin BYBIT ass and recoup my losses, anyway guys make sure you always trade with the TREND, trade with set plan & RULES, and trade with a good R/R RISK/REWARD, and trade with no EMOTIONS and trade SAFE and make your trades PROFITABLE!
#BITCOIN #LAZEREYES100K #SHA256BITTRADER #TRADINGVIEW #CRYPTO
BTC/USD - possible movement - 25/03/21I think this is the possible move of the crypto market leader, Bitcoin, if it breaks the intersection of the uptrend line with the previous downtrend. Then it is possible that I know of this scenario where, in the case that it breaks positive, we could see a new uptrend that exceeds the ATH.
It all depends on the behavior of the price in the following hours.
Support and ResistanceThere is no magical tactic or indicator to "see" the support levels on a chart, but how do astronomers know a black hole is around without seeing it? They use their brain.
There are several types of support/resistance, the obvious ones, and the less obvious ones, and which ones do you think separate the bottom 95% from the top?:
- Horizontal price level (Bitcoin 9000, 6000, 3000)
- Diagonal price level (trendline)
- Moving averages self fulfilling prophecy
- Constant flow of positive news
- Sovereign fund buying or selling (CCP bags) program
- There is more, up to us to find it, good luck
In my weight gain & weight loss example what supports the increase and decrease?
You cannot predict what exactly that person will eat everyday, if someone will drop them home or not,
how much they will walk, if they hear in the media about a "science" paper claiming chocolate is super healthy.
Those are all random factors (to us puny humans), they are part of the normal day to day fluctuations.
Mere mortals including the best know those fluctuations happen but do not trade them, only daytraders do.
The weight has some support during the visible uptrend. This support is the regularly added calories from the weekly pizza.
Exact same as an institution running an algo to buy shares by increments every week at the same hour (that you could scalp).
On the weight loss period, there is a resistance, which is made up of the every other day walk home and the lack of pizza.
Yes mostly the resistance here is not something but the absence of this something!
So while predicting with precision is not possible we can enter on what we consider 2-sigma oscillations for example.
If we bet on the early "reversal" being just noise with a stop at 3 or 4 sigma we get an asymmetric risk to reward.
The average casual investors (and Bill Ackman) are the ones betting on the 4-sigma "never give up! strong hands! we will win! the power of love!".
4 sigma is human nature (for most people), also not understanding probabilities intuitively is. But I'll make a separate idea about that.
Skilled investors not only exit but even if a trend starts with good support (fundamentals + visible with technicals) they will join the new trend.
But careful not mixing everything. "4 sigma" meaning very low p of being noise in the original trend does not mean high odds of opposite trend.
So this is it, to estimate what supports the price the smart market speculator has to work as a detective, find clues, and as a statistician, put these clues together with p weights,
add potential clues with their own p weights.
How can novices possibly imagine they can use "TA" to magically find these supports, they really expect some big red flashy arrows on the chart that anyone can see?
It's so delusional. As detectives they'd expect the killer to scream "I DID IT! I AM HERE!"?
And of course get a big paycheck for their work as a detective. This is not a video game.
Is Bitcoin getting ready to make a new high?Last weekend Bitcoin broke above 58k which was the top for February and made a new all time high. However, the bulls faced a set back as Bitcoin slipped back below 58k. However, Bitcoin resiliently stayed above 58k on Friday while Nasdaq had its worse day in two weeks. This is quite important since Bitcoin has had a positive correlation with Nasdaq and Tesla. This distinguishes Bitcoin as digital asset ("digital gold") and dissociating it from the more speculative assets. Today (21 March) Bitcoin has been below 58k again however, it is recovering and is building a base here on the candle chart.
Furthermore, Bitcoin has formed a rising channel (the two parallel lines on the chart) which further supports a move higher from here.
Taken together, Bitcoin seems ready to test the 60k and if it can hold a couple of days above 60k then in all likelihood it will exceed this month's high and reach a new all time high. And obviously, Bitcoin's move will influence other cryptos that are positively correlated with it.
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ADA USD Double Top Trend Reversal ConditionsSo here are some of the conditions that should be met before a double top (trend reversal) is actually confirmed.
Of course many other aspects also need to be considered but the few shown in chart above might helps some of you decide when needed.
This chart is not meant as financial advise. If you trade, trade safe and by safe I don't mean wearing security goggles and gloves.
Keep In mind that in trading the trend is your friends until a main support broken confirms otherwise.
Dao is set to skyrocket and I'm not the only one who says soGood buy point is 6.7 and Dao is set up to go to at least 11.0 USD if not 14 or 15. I saw this breakout happening and then confirmed with another investors idea. All the trends are lining up for it. Don't miss out on this one. Dao to the moon.. ^.^