No, this is not the worst crash ever... That would be the overstatement in the crypto world. BTC dropped from about $10500 to $3600 from Feb 13 2020 to March 13 2020. During that stretch, BTC price went from 9.2k to 3.6k in one week alone from March 7 to March 13. How will the price action play out? #1 Scenario- Bullish reversal, then price consolidates for...
This swing setup might be overly conservative, but given the uncertainty of BTC price and the complete lack of fundamental of DOGE. I tend to be extra careful when my swing trade has no chance of turning into the long-term holding. Just my two cents. Not the trade advice.
DOT is no Ethereum killer as many of its parachains within the ecosystem are using Ethereum blockchain and not native to DOT. Nonetheless, it is quickly becoming the force to be reckoned with acting as a base layer for many interesting use cases within the DeFi space. On of my potential long-term plays in crypto. Good time to continue to accumulate at various...
YFI is highly volatile and can go anywhere, but the recent deep pullback tells me that the selling pressure is waning. The remaining selling pressure is being absorbed by massive buy walls spotted on Binance early this week, indicating the potential whale accumulation. The risk to reward ratio is too good to pass up on considering the fact that the price lvl is...
After the massive distribution and deep correction ended at fib 61.8 and EMA 200, it seems that LINK's buying pressure has returned. I expect another re-test in the demand zone after the price reaches the supply zone because BTC is still short-term to mid-term bearish.
BYDDF is both EV manufacturer and EV component supplier. Since the market crashed in Sept.3, it has been the second best performing EV stock behind WKHS. For now, I believe BYDDF's momentum is overextended and it is due for the pullback.
There is no sign of waning selling pressure yet and lower high/lower low structure has been established. Bounce back is weak after the selloff. Mostly likely scenario is for the price to come back down to the demand zone first. Then, we go through a period of consolidation before the price takes off again.
As usual, Cannabis stock is facing the risk of regulation and black market. After extensive sell-off starting in March 2019, APHA may have finally found its bottom at 2. Short-term may be choppy, but I expect the uptrend to continue as long as the demand zone holds. .
MakerDao, Compound and Aave are the three major lending protocols in the DeFi space. I think LEND has run its course and there are better coins to speculate on since it has already gone up more than 35x this year alone. It may be facing a major pullback soon. Even so, it is never a wise idea to short a high momentum coin until the trend is clearly broken, which...
Hello traders! I would really appreciate it if you can like my post and follow me if you find my post useful :) Short-term perspective- Derivative exchanges such as Bitmex and Okex (Both have high trading volume and oI) seem to be betting against bulls at this moment. Even though buying pressure was fierce yesterday at Bitmex, it was not able to break...