While i believe btc is already in the early phase of a new bull cycle. eos is still a complete trash, it has not finished the downside risk in terms of btc value.
expect a daily correction from here (lots of alts have already done 5-10x, so some profit taking from this level while btc is still in the accumulation zone), then resume the bull run. Im not going to short here, i would rather add my spot position and low leverage longs if we get a daily pull back
most alts are still in a multiple year downtrend...any rally of these coins are for short or sell opportunity. trx could see another 80% down in next few years.
bitcoin is building a base for a massive explode up, whale is accumulating. Fundamental data looks too bullish
matic is painting some strange price action , expect some news coming out once btc settle down, some alts will start rally, including matic... the price of matic is maintaining in a small range, while most ieo coins are being dumped like crazy. buy the range low, set soft stop loss below range low
loom showing bullish reversal sign on weekly, weekly bullish div, coupled with bullish volume spike at the bottom. the bottoming process can still take up to 1-2 month, before major rally happens, the target is outline on the chart
it has been in a down trend for more than half a year, a tradable rally is finally near us now. the momentum finally started shifting towards upward
the indicator indicates weekly trend change on eth is coming, it only appears two times in the history.
we are forming a big cup and handle on 2W chart, sideway choppy for 1-2 more months before the biggest rally awaiting ahead of us. key level is 8-8.2k, 8.6k. for now. even if we dip below 8k, dont panic sell. (absolute low could be 6.4-6.8k, but not likely) a few things to keep in mind: 1. once bitmex funding fee goes neutral or negative, be cautious with your...
bull market resume, biggest life change event is ahead of us, my target for next year is around 25000, any retracement is for long
we are getting an alts relief rally , once btc wakes up, should be before 2019 Jan, bitcoin dominance will hit new all time high. that will be time for real alts season
delusional alts season caller comes back again , but we are still not there yet. Fundamentally we do not have enough dumb money in the current market, and there is nothing fundamentally can drive the alt coin price. target dominance 80-90% before the halving, and 0.01-0.012 btc per eth... we will see
strategy, 1. long the closer to the green zone with tight stop, 2. long the break of red zone when pull back comes to the second red zone 3. short the first red zone if we see weakness
looks like things changed, bull gradually take control, high time frame still bearish until we took out 12000, however, on the low time frame, bull is gradually gainning control on 4h. need to be careful shorting imo. resistance: 11.2k, 11.5k, 12k. playing the low time frame bull side is easier now: only support i care about is 10550. as long as 4h dont close...
bull or bear, the red zone, learning bearish, will hedge spot from 11k-11.4k