With little idea of where Bitcoin is going in the short term I wanted to get your thoughts on this strategy. The area in green represents the Buy region, conservatively covering all recent supports of BTC/USDT and the red region represents the Sell/Short region, conservatively covering all recent resistances of BTC/USDT. Buying at the top of the Green region and...
Really simple analysis but ETH has found a twice proven upwards resistance channel and has looked to not break this resistance for a third time in a row. The MACD is also showing potential for reversal and is looking quite maxed out at this point. I'm going to keep my eye on it but if the 1 or 4 hour chart gives a bearish engulfing signal I will be looking to sell...
BQX is the Binance version of VGX which is the native token to the latest and upcoming crypto exchange, Voyager. Think of Voyager as the Robinhood (minus the market manipulation) of cryptocurrency. There are zero trading fees for 50+ cryptos, trades happen instantly, and you can earn ~%5 APY in interest for the cryptos you hold. Voyager is getting the hype it...
It looks like ETH has found a nice upward channel that it will continue to bounce around in, with the resistance bar being the all time high. I think ETH will continue to trade in this channel for another cycle or two, so this could be a great opportunity to quickly short and long and make some 10-20% gains. Wait till ETH hits its new all time high, and once we...
Looking at the chart, it seems DOT has found a resistance at about $18.80 USD and a support at around $15.00 USD. An easy enough strategy can be used to make a large profit in this situation:
I plan on waiting to buy until DOT begins to bounce off of the $15.00 support and a MACD crossover ensues, and will sell once DOT gets near it's $18.80 resistance level....
