It's been more than a month since BRLMYR at their ATL, I'm gonna buy some BRL
SPY will probably follow other assets class such as Gold and Bitcoin since the last announcement makes the asset price lower. The retail trader will take a profit and the price will go back again.
Most retail traders are inside the 38.8K zone area, I expect the BTC price to rebound to stabilize the price.
I'm using Zig Zag to identify Major and Minor SNR in this mapping, allowing me to identify which one have higher power to push the price. Based on this analysis, I've made up a conclusion that BTC will go down in the short-term while still maintaining bullish in the long term.
BTC struggle to hit 39.5K recently and it respects short-term resistance on above at around 39.1K, it is right now trying its second attempt and hopefully, it does reach my targets.
The price is currently at a downtrend, after seeing the support key levels being violated, I expect the price to rebound to respect the key levels which is what it actually did. The price will probably respect the trend and continue to go lower matching the recent support key level that has been made.
I'll expect Gold to continue going down breaking the recent support that has been made while maintaining respecting the long-term support levels below. When the Gold breaks down below, it might re-bounce but it is kinda risky to short right now, the best bet is to wait for a bullish sign and expect a buying momentum once it reaches the long-term support trend line below.
I think the Liquidity is still not there yet, the price might re-bounce once we have seen a small consolidation or major news that could push back the price higher breaking the 40K mark once more.
Price is currently at Clashing Zone where multiple minor resistance might push the price lower in the short-term. With the current support zone area, it probably not enough to support the price to go higher without the price consolidate and collect the liquidity before start bullish again.
Bitcoin on the Strong Support Trendline, showing it could potentially break $40,000 again.
Closed all my position and starting over my DCA approaches on Cardano. Total Hold times; 16day.
Most traders tend to say; If something works in the past market, then it would work in the future. If this statement is true, then why don't just trade in a profitable day, date, and time? I wouldn't follow this kind of trade, at least for now. haha
I've been trading Cardano using DCA since 16 September, Right now, Cardano hit 43-day ATL. My target would be 2.325. Let's see how it will turned out.
It's been a month I've been trading above the 0.80 mark, when it reaches below 0.80, I see this as an opportunity to increase my stock. Let's see how it goes.
Still hodling my Cardano, I would expect some bearish move in the short term before the price going up eventually.
it seems like Cardano is ready for a pullback in the support projectiles. Let's see what will the price do,
Current Floor Axie Prices cost around 146.06 USD to breed which requires 2 AXS + 300 SLP On this new update, they have changed the breeding fees from 2 AXS + 300 SLP to 1 AXS + 600 SLP This will cause the floor axies prices to drop even more. Or is it? Let's assume the floor axies prices remain the same. 146.06 USD - 63.83 USD (1 AXS) = 82.23 USD. So assuming...
You can get the SLP Minted and Burned database from here; www.axieworld.com The calculation is very basic which is; minted - burned = SLP added price = cap / supply I've put the random set of SLP added in the circulation based on the last 30 days as a "random picker" to project the chart Assuming the cap remains the same without fundamental changes Then there...