From my point, Polkadot is one of the most interesting assets in the crypto market. It has very strong fundamentals as well as a good room for upward movement. Several weeks ago, we could discuss the potential top around 100$-150$ in the bullish market. Today, probably the ATH will be the perfect target for 2021 and the beginning of 2022. Let's look at the daily...
Do you really think that the MMs have a goal to provide you with the perfect market conditions for making good profit? Of course NOT! They follow another plan and your money is part of this plan. That’s why I don’t expect the obvious reversal and a strong upward movement after that to the new ATH. I think it will be better to consider pullbacks, false...
It was an amazing dump! It was a great lesson for those who ignored the value of knowledge and experience. It was a super valuable example of "What will be IF..." for those who bought Bitcoin and other altcoins without thinking and planning such trades. As a result, 396 000 traders blew $2.5B within 24 hours! They gave their own money to Market Makers,...
Let's look at the daily chart of Bitcoin and try to understand possible market movements in the next couple of days/weeks. 1. The price bounced from the local support area between 53 000$ support based on the previous swing high and 50 000$ round number level. RSI and MACd confirmed the price reversal. We got the 1st bullish signal based on the reversal and...
How to trade in the trend market conditions? It is really simple and profitable. The main idea is to wait for a correction movement and open long positions using reversals from MAs or trend lines in the bullish trend and open short positions in the bearish trend. Here is an example of trades that every trader with at least minimum knowledge could open and make...
In order to better understand how Bitcoin and the whole crypto market is going to move during the next months, I offer you to look at the daily chart. Just to make clear, nobody knows exactly how the market will move tomorrow, in a week and a month. But we can think about possible market movements and use them for planning our future trades and managing active...
The price moved down from the ATH and was stopped at 4000$ support and MA50. We got a reversal signal and an attempt to continue the main bullish trend. But bulls failed with this mission. The price bounced from MA20 and 4375$ resistance, and now we have a very interesting situation. If the price breaks 4000$ support, it will be a strong bearish signal with...
Bitcoin shows the direction for the whole crypto market. I hope you know it. That’s why I offer you to read this review, in order to understand how to plan future trades not only for Bitcoin but altcoins as well. The daily chart - the price broke MA50 and 58 000$ support and updated the low. In spite of this bearish signal, the market stays in the bullish...
The price has been moving upward from 1700$ with short-term pullbacks. In spite of the overbought situation, which is confirmed by RSI, the bulls control everything and they don't want to stop. But how long they will be able to keep the momentum? It is obvious that one day, the upward movement will have to be corrected. Where will be the local swing high? If we...
When the price broke 42 000$ resistance, the nearest goal for the bull became MA200. It is a strong trend line that makes the difference between the bearish and bullish markets. As we can see the price reached this key line and now we see an attempt to break it. What does it mean for us? 1. If the price breaks MA200, the next target for the bulls will be 50 000$....
There is an opinion that day trading is not suitable for traders, who have a full-time job. I would like to say «yes, you are right» and advise using hourly and daily timeframes for swing and long-term trading. It is the simplest way and it is obvious that swing and long-term trading don’t need so much attention as day trading. But what if we think together about...
What’s is Day Trading? In a few words, day trading is a trading approach when you open and close trades within the borders of a single day. Of course, such a trading approach gives traders a lot of amazing opportunities as well as it requires good knowledge, experience, and discipline. I want to share with you my point why day trading should be in the trading...
The price bounced from the obvious resistance between 42 000$ mirror level and MA200. We talked about this model in the previous post. What's next? If we look at the daily timeframe, we will see a bearish setup. The bearish candles show us who control the price right now. RSI confirmed the price reversal from the resistance and supports a possible downward...
Polkadot is a strong project with solid fundamentals that can give investors x3 - x5 profit in a good bullish period. It should be added to any investment portfolio and of course, I'm holding it as one of the main assets. The price moved down from around 50$, bounced from 10.50$, and moved to 15$. If we look at the daily chart, we can see an amazing...
From my point of view, Ethereum is the most interesting coin in the whole crypto market. That's why it should be part of any investment portfolio. Let's look at the daily chart and try to describe possible market movements in the nearest future. I would like to talk about 1700$ and 2400$ as the main levels where the price action will be very important for...
I want to believe that a downward movement from 65 000$ to 30 000$ couldn't surprise you. I wrote about such a correction in this post when the market was bullish with a new ATH at 65 000$. I hope you could fix at least the part of the profit from the previous crazy bullish cycle and now you stay enough stablecoins and wait for new buying opportunities. Great,...
If we talk about interesting coins that can give good profit in the medium and long term, Cardano definitely must be in this list. The price has been moving sideways between 1$ and 1.5$ for several months. We could open long positions using reversal setups from 1$ support and fix profit at 1.5$ resistance or build long-term positions for higher targets. Swing...
In the daily chart, the price broke the upper line of an ascending price channel. It gave a strong bullish signal in the direction of the main bullish trend. The breakout confirmed the strength of buyers. They could update the ATH and push the price to new highs. MACD is supporting the further upward movement. In spite of reaching the overbought zone, RSI is...