Simple short on LUNA, entered at 3.6 with 3x leverage as this could pump illogically. Potentially gain to previous lows for a long swing trade. 4 will be an enormous barrier and one to add more to the position.
The market has been holding strong on dubious fed news and high inflation. The BC charts appeared to have been a leading factor as opposed the smaller moves on the major US indexes. This break down has been expected and I have held BTC, SHIB, LUNA2 and TRX shorts which have all been closed today to 75% of their new value. I'm now awaiting a bounce to the 22k or...
The simplest setups are the best, LUNA2 has broken its uptrend and entered a downtrend. The entry was based on the break of the uptrend support. Entered short at 2.13, expecting to hold this one a while as LUNA2 slowly dies a death. Poor fundamentals in a weak market.
Considering BTC position and this gentle climb on no fundamentals or volume builds a solid picture. Reaching previous resistance. Long term downtrend resistance approaching Entered short long term, expecting 0.65 Eventually down to 0.5 with bad market conditions.
Simple short setup on ICP. It has been in a long downtrend for a considerably amount of time as it is a poor fundamental crypto. Combined with market conditions, the recent increase in price action is unsual, leading me to believe it is weak and will fall easily on the next BTC down day. Setup presented as this looks to be reaching resistance, which was previous...
It looks way to easy for BTC to drop another perfect fibonacci symmetry down to it's hardline support levels. Stocks, crypto and anything money related on the large scale never follows TA perfectly and it doesn't go sideways down nicely. Normally it'll flirt with you with some bull traps, fake out rallies and give you a real reason to hold onto your cash. With...
RSI, MACD, EMA, Bollinger Bands, SMA, Volume. Are these useful or actually just noise? Which one can help predict, or are they good at being lagging indicators? Honestly, the simplest method of getting in and out of a trend trade (a trade that lasts a few months) is simply plotting a line that shows the uptend support and the downtrend resistance. Look at BTC...
BTC has recovered well from its recent dump into the mid 30's area. It's creating a rising wedge in a falling market which is a low risk high probability short entry target to watch. I've posted previously that I expected BTC to bounce around for a few weeks now which means you must be careful and patient about you entries. Started my short position in the 38k...
BTC is in a precarious and slow position. Affected majorly be the larger economy, rising interest rates in March, instability in Ukraine and general Corona recovery but weak economy - we're going to get thrown around. I would expect BTC to stay range bound between the hard tops at 39-40k and the hard low at 30-25k. This will give a middle range and a no entry...
FTM is a fantastic project and I made a mistake not holding this short and entering long on TOMB Finance. It will bounce as BTC will over the next week or 2 and most likely regain over the 2.1-2.2 area, here I will be exiting positions with whatever cash is left and entering short for the weeks afterwards. I will accumulate more FTM on the way down but it is...
ATOM is a solid project and has risen quite a lot lately, opposite to BTC. Whilst normally I would attribute it to being a solid move, I believe this is simply money moving from BTC into ATOM and not a true breakout pump. If ATOM continues it's down trend and fails to break out, this could prove a quality short opportunity.
In my previous few ideas I entered short into FTM, today I have added further to this position. I am also short AVAX and LUNA. But why haven't I added more short to those 2 but I have to FTM? FTM still looks like it has 10-15% drop to horizontal support and even further to major trendline support. AVAX is at a confluence of levels and LUNA is quite close to major...
LUNA - A project that I actually quite like is showing a good entry for a short position here. It failed to break out of it's downtrend today after the rally caused by a rising BTC. If this follows the same as others coins like FTM/AVAX/BTC/ETH, it will continue it's downtrend until it reaches trending upward support. Entered short here at 75. Going short on...
FTM - A Fantastic, scaleable solution with better transactions, speed and breadth then ETH. I truly think this will be a Top 5 coin in the future. However, right now it does not present a good opportunity to enter. I have entered short at 2.7. It has held it's trend well recently but is overdue a correction. If it follows the rest of the market then this will...
BTC is still in it's downtrend that i've posted about twice now. This is a classic bull trap for consolidation and continued downtrend, this is a good thing though. I've entered long here on BTC expecting it to move upward slightly. I'll then enter short again, as it's always good to trade with the trend. BTC still has some falling to do before it reaches its next...
ETH isn't looking particularly strong here. This upward support line is getting smothered with indecision from the market. Supports that get smothered get broken. I wouldn't be surprised if ETH breaks this support to the downside. Based on the most recent major move up, you can use fibonacci. On strong charts it is normal for it to retrace to the 0.5 fib and on...
GRT is a project I've been looking into and something that looks quite promising for the future. As an entry point this looks like a good starting setup. Below the 200 and 100 SMA by a long way and resting on a hard standing support that's held so over a long time. Entering long here in the long term account.
I am still holding BTC short from $52k. I've taken profits at the lows and have now added short again at $48800. BTC has rejected from the $49k area and has low volume supporting these moves. I expect this to be a bull trap. Previous resistances are being respected. Until BTC trends sideways and breaks its downtrending resistance then BTC remains bearish. This...