Its crazy, the run the crypto markets have been on. Its just nuts. But its still going and going strong.
Let's take a look at a few coins.
Bitcoin
Blasting past $41k, its been mind blowing, the support behind BTC recently. Looking at our D+ indicator, we can see how overbought levels have made small dips in price over the past few months. (I like the 3h chart). But even on this 1h chart we can see the D+ cloud growing and shrinking, staying at relatively the same level. This is a good sign for growth, and that steady support is still here.
Ethereum
Just as crazy as Bitcoin, ETH has been on an amazing run as well. I wish I bought more! (But hey, who doesn't?) On the ETH chart is the Raygun script, showing support and resistance levels. What's cool about Raygun is you can see price helix around these levels, and use the colored dots to visualize which way its going next. You see all those big green dots in a row along the red dotted line? (The red dotted line is a S/R level.) Seeing all those green dots is clear support at $1170. Its been tested multiple times and continues to hold. Looking good for ETH.
Nano
This coin popped on my radar recently as a coworker of mine mentioned he is still holding a bag from 2017. I'm not sure how much he lost back then, but I bet he's made it all back and then some in this run! Here, with the Auto Fibs script, NANO is showing perfect fibonacci retracement price action. It rose up to a high, retraced back 50%, then turned to continue upwards. Now, its playing with the 23.6% which seems to be holding as support. We'll have to keep an eye on NANO and this fibonacci script levels to see how its going to behave.
All in all, this has been a crazy run. I'm still long, and of course wish I had put more in to my crypto bags. When will this run end? Who knows. its a different game being played now in the crypto space it seems.
Do you sell your bags now and run, locking in your profits?
Or do you hodl and wait to see what happens next?
If the latter, just be sure you have a good script or indicator you trust to alert you to get out when things turn. I'm still in...and watching these scripts closely.
Let's take a look at a few coins.
Bitcoin
Blasting past $41k, its been mind blowing, the support behind BTC recently. Looking at our D+ indicator, we can see how overbought levels have made small dips in price over the past few months. (I like the 3h chart). But even on this 1h chart we can see the D+ cloud growing and shrinking, staying at relatively the same level. This is a good sign for growth, and that steady support is still here.
Ethereum
Just as crazy as Bitcoin, ETH has been on an amazing run as well. I wish I bought more! (But hey, who doesn't?) On the ETH chart is the Raygun script, showing support and resistance levels. What's cool about Raygun is you can see price helix around these levels, and use the colored dots to visualize which way its going next. You see all those big green dots in a row along the red dotted line? (The red dotted line is a S/R level.) Seeing all those green dots is clear support at $1170. Its been tested multiple times and continues to hold. Looking good for ETH.
Nano
This coin popped on my radar recently as a coworker of mine mentioned he is still holding a bag from 2017. I'm not sure how much he lost back then, but I bet he's made it all back and then some in this run! Here, with the Auto Fibs script, NANO is showing perfect fibonacci retracement price action. It rose up to a high, retraced back 50%, then turned to continue upwards. Now, its playing with the 23.6% which seems to be holding as support. We'll have to keep an eye on NANO and this fibonacci script levels to see how its going to behave.
All in all, this has been a crazy run. I'm still long, and of course wish I had put more in to my crypto bags. When will this run end? Who knows. its a different game being played now in the crypto space it seems.
Do you sell your bags now and run, locking in your profits?
Or do you hodl and wait to see what happens next?
If the latter, just be sure you have a good script or indicator you trust to alert you to get out when things turn. I'm still in...and watching these scripts closely.
For script access or PineScript questions, please visit our site:
www.marketscripters.com?utm_source=tradingview&utm_medium=signature
www.marketscripters.com?utm_source=tradingview&utm_medium=signature