If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be. Catching the absolute bottom is very hard and not many persons can do it. Most likely you will have to wait many months until you will be at the break even or you will make...
A clear case of terminal pattern (EXTRACTING TRIANGLE) formed in S&P500 INDEX. Weekly Neo wave price chart is very easy to understand ,and it may look like text book pattern. Bigger Trends will consume more time and consolidation before Next trend change. 5 waves (ABCDE) completed with a negative bias , a retest of neckline is inevitable before next trend or...
Hello traders! Today we will talk about cryptocurrencies, specifically NEO and its price action from Elliott Wave perspective. NEOUSD made an impulsive five-wave cycle from March lows, which suggests a bullish reversal at least in three waves A/1 - B/2 - C/3. Since the beginning of June, seems like NEO is making a three-wave a-b-c correction, where wave "c" is...
Name and logo are important in evaluating the possible value of a cryptocurrency, for example, during the dot com bubble, Boo.com, 3com, lastminute.com all experienced large gains within the first months of IPO release but prices steadily declined to zilch. This is most likely due to fundamentals however name and logo both play into this also. Attracting investors...
If you're confused with this chart, there are bounds on the x and y axis that bound the trade which ideally leave the trader insusceptible to emotional responses. Ideally. The top dotted blue line represents the TP @1464 sats and the vertical purple dotted line is the time stop which, when reached, invalidates the trading idea and the trader closes the trade...
If your new to the crypto one thing is that its not only bitcoin and etherium there are plenty of OPPURTUNITIES At 0.002 this cant get any better for early investors. One thing to take in to account is knowledge is power and based on it you invest.
China market makers and syndicates are very well known for their scheme and operations. I am not surprised that these whales have their intentions well solidified and they are just waiting for the good enough catalyst for their massive operations. Rule 1: Fundamental doesn't matter (in the sense that it doesn't matter if Neo will never beat Ethereum in adoption,...
Everyone upset about price drop in ICX clearly didn't watch volume. NEO price went down with its declining volume when first added to exchange. The price then picked up POST-volume Increase. ICX, when added to Binance, shot through the roof, EVEN THOUGH volume dropped off a cliff. The coin is a winner, but that was no reason it could not be artificially...
My method and key metrics I check before entering a trade or even getting too technical with the chart. You know: Why would we set ourselves up for failure? I thought I'd share this with my friends, and why not make it public too. General coin info. Does the project have a whitepaper and exposed team? Is the developer still involved? Is the team...
This chart shows my main way of identifying rends and signals. I usually use SAR, MA cross, MACD, RSI, Stoch RSI. On this chart it is SAR, with MACD and Stoch RSI below. I have highlighted buy and sell signals that I look out for, I make sure that the data on all indicators are in agreement and make the trade. This technique isn't to be used during a sideways...