Giovi6969

Giovi6969

This is to hold long term, not for swing trading. Daily is showing some clear support on the daily 50 Smma, after having spent the bear market below it (except for false breakouts that lasted only some days/week). The pattern is clearly showing more buyers than sellers, raising over this blue Smma and using it as a support. The Smma 200 in pink is more resistive,...

Giovi6969 Updated 

Scroll left/right. Smma 50 and Smma 200, chose your booze. They are buy signals. If Btc ends up below them, use the daily chart and 100 MA (standard moving average) for the probable best buy signal. Very simple, very useful since 3k.

Giovi6969

Bitcoin is possibly at this equivalent fractal area, but i need some more time for confirmation. Moving averages seem to share some similarities as well. I say why not, but the recent upmove was so fast and so parabolic that it could also indicate more pain to come, so i am remaining flat here. Need some confirmation. We'll see.

Giovi6969 Updated 

Not a short trade, this is a buy the dip scenario After this over extention, Btc hit an important fibonacci level. There could be a correction incoming from this level Do not short this market unless very experienced

Giovi6969

2015 : the market was too primitive at the time for the bullish prerequisites to be relevant, but let's still do it: - Bottom of the market and coming halving in 2012 : 371 days. - Bitcoin dropped around 90% from its cycle top, at least 1 year before the halving - Bitcoin was above the weekly 50 Smma and used it as a support at least 6 months before the...

Giovi6969 Updated 

Hi traders, If you do believe in the technology, or don't believe in it but you expect to have another bull run thanks to a continuing hype, a delayed market regulation and expect another bullrun cycle to be possible, this might interest you. The green rectangle is with very high probabilities the right moment to purchase your coin. Buying at random times to...

Giovi6969

Will see

Giovi6969

Support on the daily 50 Smma, instantly blocked by the daily 200 Smma Perfect textbook case, from 200$ to 5$

Giovi6969 Updated 

But bear in mind this type of parabolic move right after a market bottom increases the risk to create a brutal drop, to maybe the high 6k-7k area, which of course would be great buy opportunities. Standard news are probably about to tell the random individual that Bitcoin broke above 10k, which could add some random Joe fomo to this institutionnal buying. This...

Giovi6969

Target of hyperbitcoinization of society : decade(s) -Turning on your new purchased computer, the first things you will see after registering to Windows 36 is the live value of Btc, near the Amazon Logo -Waking up in the morning to check how many Sats your smartphone mined during the night -Seeing every big company crypto coin gravitating around Btc, beeing the...

Giovi6969 Updated 

It is possibly very optimistic, but Bitcoin having bottomed is more likely than Bitcoin seeing new lows. If Bitcoin settles below 0.5 it becomes very dangerous. If Bitcoin settles below 0.618 it is a very serious sell signal in my opinion.

Giovi6969 Updated 

Shorter beware, S&P might have a lot of juice remaining for some upside.

Giovi6969 Updated 

"Old coin", probably here to stay with Bitcoin Ether and Xrp Smma daily golden cross Support on the daily 200 smma Support confirmed on the weekly 50 Smma No reason to be bearish regarding this crypto asset for now, chart looks very very promising. Litecoin is currently testing its strongest resistance, the 110 level. Gonna be interesting to watch. Stay tuned

Giovi6969

Sometimes small caps new tech bottoms can fail. We can clearly see that Ardor formed a particular bottom with the leg and foot stopping the downtrend (see the previous TA). But sometimes the bottoming process can fail, when the value goes below the trendling corresponding to the first rounded bottom attempt. Ardor's value ended up going below the rounded bottom...

Giovi6969 Updated 

Alts of course follow Bitcoin moves. Alts already started to correct less than Bitcoin, which is encouraging and reinforces the possibility of a total market bottom. Of course Bitcoin is correcting after such a recent parabolic move, it probably gonna correct more, maybe to the 6500$ area, and even a bit lower to the 5400$ area. Alts have very probably formed a...

Giovi6969

This chart is saying a massive F*ck you to the herd who joined late for the easy money end of 2017, who panic sold thinking it would tank to zero or close to it. This market is punishing this herd who probably panic sold between 6k and 3k. These punishing reversals type of moves are happening in almost every market cycles. They are the perfect symmetrical...

Giovi6969 Updated 

As spotted in the previous bear market, before the Smma golden cross happens, a correction is likely to happen in this area with a retest of the daily 200 Smma