So, where are we right now? Everyone is acting like Bitcoin is doing unpredictable things and are getting liquidated. In this market context, which is a bubble burst , we have to keep in mind a couple of things before entering trades: What drives a bubble burst is market-psychology and an alternance between hope and fear : an alternance between FUD and...
The VIX is called the 'Fear Index'. That's for a good reason. In times of high volatility what do you do? People in general stay out i.e. they sell off and keep their powder dry, or look for safe havens. They fear for their money, even if they don't admit it. As a trader you're told 'volatility is good for traders'. But really - is it? It depends on how extreme...
After 3 days of my analysis...btcusdt, on pivot, and iota on pivot, 75% breakout on 1 2 and 3 resistence, pivot...simple.
El Bitcoin está apoyandose en una linea que hace de soporte, y tras las fuertes caidas pienso que no bajará por debajo de los mínimos anteriores e iniciará un rebote más importante que el de esta mañana.
As i said in the last 2 BTC's analisys, where i've build a levels map to identify the interesting levels area as dynamic support and resistance, i've a clear short view from 10.800 based on several long period patterns which are showing much more realative weakness than relative strenght. Long period approaches presenting a nice and wide bear channel coming from...
EURUSD: Selling at supply zone. Target is at fibonacci level 423%
CHFJPY: Selling at CHF supply zone
Have you ever read the story about the fox, the wolf and the moon? It was written by La Fontaine. To sum things up, the wolf wanted to reach the moon but an optical illusion made him chase it down a well...where he drawned. This tale is both simple to understand and actual since people are still trying to chase a "moon" that could definitely hurt them. Aside...
BTCUSD: Buying BTC at its cheapest price
AUDNZD: Buying NZD where many people fear to buy
EURAUD: Buying EUR at its cheapest where people often fear to buy.