I have been following the weekly time charts forever now and focusing on the halving schedule as a base line for pretty much every chart I watch. I haven't been publishing which is a shame because on socials I have been spot on for several months leading up to this bull-run. Feels good. Anyway, I personally think the parabolic moves start next week.
This is about as good of a point as any to SEND IT. Last week was...historic madness. Bitcoin should be an obvious choice for this new wave of investors.
Good chance to scoop up some more XTZ. No concern, Development is at an ATH. Price Oracle...Spruce Syststems, Inc.. Settlement Ending Soon...Payzos Updates...the list goes on. Tezos till Bezos folks.
This could be our big moment folks.
Big picture view I see a consistent consolidation above the long term Bear Market downtrend line. Micro bearish to 8850, then Macro bullish to 10.4k and beyond.
Might see XTZ hang out for a while and consolidate in the $3-$3.20 range. I have mixed feelings about Bitcoin right now which always weakens my confidence in any Crypto TA. Will publish a chart for BTC/USD as well. Kind of expecting one last wick (flash dump) to $2.50 (if BTC dumps)...which I will be buying if it happens. Preferred scenario is illustrated where...
Loving the SuperGuppy. Let's see if we can break 10k and create some fomo folks.
That might have been, yet again, the dip bears were crying for. But when you bet against the trend, you might miss the chance to hop onboard. We have a weekly close coming followed by Bitcoin halving. We have been arguably in a bear market for 2.5+ years. We just had a global pandemic and a dump recently that literally went to fib-0. Can we please just all agree...
This will be the beginning of a 4 year bull run that may not be noticeable on the charts until you look at the weekly Stochastic. Bitcoin to 100k. I would not expect lower lows any time soon.
Maybe Bulls got impatient? Going into the weekend before halving so nothing will surprise me, but that daily close above the local consolidating pennant was a textbook buy signal to retail/institutional investors. Fomo should kick in from here. Im long BTC from 9100.
DGB broke out from looking like a dead project on the charts. I am re-familiarizing myself with the protocol and fundamentals seem strong on first impression. I fomo'd in a small position at .024, as a moon bag to forget about. Traders keep an eye on resistance at .027, a close above that on the weekly should equal a continuation of this run.
At this point I am just having fun. Charting has become a passion. Regardless of what happens I will learn, and continue baking. Working hard IRL and will DCA if things get ugly. No doubt in my mind that #Tezos has a bright future. Traders: A wise man I look up to advices only to sell if 2.50 support range is broken. I would definitely scoop up more in the $2...
So needless to say I am fighting a strong Bullish bias, but I wanted to make my biggest risk/reward entry while the world was consumed by fear. Avg. entries around $1.90 XTZ and $6700 BTC. Not trading. Everything is in cold wallets. Hopefully by EOY I will be taking "life-changing" profits. Hopefully by mid 2021 my XTZ staking is generating legit income. :) I...
Ignore the wick. Ignore the noise. As soon as big money thinks the pandemic is over we will continue business as usual. Halving still on schedule. If we close under the green trend line...pray.
I think we should be back on track to reach $5 by end of March. I made some mistakes along the way, and had some RL struggles. Sadly I am no longer satisfied with my bags...but still not at "no-coiner status" and will continue being active and "stacking KaTz" when I can. I am in the Telegram channels too much...but it does allow me to stay updated on all of the...
I always get a warm and fuzzy feeling when a new weekly candle makes an early statement. Need to break 3.00 and hold in order to move back into the uptrend territory.