Daily RSI @ 89.9 after a massive short squeeze from 30 -> 55 the last 1-2 days. Double top. 99% chance in my opinion $WAVES will trade below 35 this year. I don't even know what waves is so this might be stupid but with a 5 billion mcap sustaining this price can prove to be difficult. Funding still negative which means people are probs shorting a lot, could be...
Good day, sirs! It's been a while since my last post, but I felt like I had to do this, since this is once again one of those moments where I feel like there are so many things alaining for Bitcoin that I have to write about it. 1. It has been a record setting 134 days with $BTC funding being at or under the basic 0.01 level. If you have been following crypto...
My Twitter feed has been filled with doge things the past weeks and I've been here long enough that I think I'm getting pretty good at countertrading my feelings and distinguishing euforia when I see it in the markets. I am pretty confident, like atleast 95% confident that doge/btc will trade sometime this year or in 2022 below 100 sats, and probably 50 sats when...
Some ordinary FUD news (hash rate drop, money laundering) and 10 billion wiped out in the past 24h. I longed previous ATH at 61k with stop at 55k but it didn't work as support and we fell right through it. Should have cut the position when the daily candle closed below the line but i was asleep. Not a bad loss, just 1% of trading account. Risking only 1-3% per...
Expecting previous ATH at 62k to work as support. Next major leg up probably incoming with target of 70-80k. Trade idea invalidated if previus SWL at 55300 gets taken out, would expect more downside then. BTC dominance also at historical support, would guess there will soon bee some profit taking from alts to btc.
Chart speaks for itself. Kudos to @cryptokaleo and @TraderMayne
Looks like a head and shoulders pattern to me. We are right now at weekly resistance and altough I’m a permabull, I like to sometimes short BTC with small amounts on margin exchanges, so whatever happens to the price, I’m happy xd. Price goes down, my trade wins. Price goes up, my trade loses but my HODL position increases in value. So this is kind of a coping...
Stacking sats here for generational wealth. No stop loss since buying spot. 1 million or 0 baby! TA: Massive support, chart is self explanatory. Fear and greed index still under 30 (btctools.io), fundamentals are strong and S2F model expects median price between 2020-2024 to be around 100k. All of this combined with central bank money printing and price only go...
After a couple bad trades I decided it would be smart to continue logging my trades here, in order to make the process clearer for myself. CRV seems to be one of few shitcoins that are oversold on 1D and 4H and close to its bottom on Binance. I think there is a good probability it will make 20-30% gains in a couple days to a week if BTC shows strength. Otherwise...
Chart speaks for itself. I think this momentum isn’t over yet and the fundamentals are still stronger than ever.
I just made some calculations regarding to historical values of RSI on the 5min chart of ETH. My conclusion is that historically (sample size of about 10 so don’t take this for granted yet) if you long the close after RSI has crossed under 30, in average the price will rise about 5,6$ if you wait until RSI closes again above 70. This took in average around 9h....
Dumps are being consistantly bought and price has been grinding upwards the last days. I believe there is alot of liquidity for whales at 10k and thats why I think we are going there. I think there are many stops around 10k and many are ready to long the breakout of 10k which gives the whales all the liquidity they need to sell a lot of BTC. Could also be the time...
There is a CME gap to be filled again... Also a bearish divergence on the 1hr RSI. Bitcoin (BTC) Shorts vs Longs distribution: shorts 21%, longs 79% Bitmex leaderbord positions: shorts 82%, longs 18% Bitmex trollbox positions: shorts 34%, longs 66% Live Bitcoin & Crypto Fear and Greed Index (btctools.io): 76 (extreme greed). All in all, sentiment is bullish,...