Dollar-A-Day

Dollar-A-Day

** not financial advice *** Price moved up to the sell zone, got what we wanted ... price is working to get below the top range, which is a sign of weakness for me ... now staying out of the market. Volume was weak on this run up, so I dont see that as any sign of strength ... dip buyers I think are in for a grind ... hard time to trade. Emotions are too up and...

Dollar-A-Day Updated 

** Not financial advice *** Update on BTC idea ... I do believe we get one more low, but not before a push up. Whales need to find liquidity to fill their bags ... what better way than a bull trap. I think we get one push higher in this reaccumulation zone making people think the bottom is in. Where will all their stop losses go? A tick below the bottom wick...

Dollar-A-Day Updated 

***Not financial advise**** Doge could hold a technical pattern here ... Man, this is crazy In Elon We Trust ... print it YOLO on the channel break to the upside (with a stop loss of course)

Dollar-A-Day Updated 

Not financial advice, just my own thoughts and recorded history on what I am seeing so I can look back on it in the future ... Time is here, time to dollar cost average in. Buy every dip, stop underneath 1.00. I think great risk-reward here for long term HODL.

Dollar-A-Day

Some weakness showing on lower time frames for BTC, which will bleed into ADA and all other alts. Starting to trim positions right now .... exiting 50% here and the rest if it pops up to 1.90s .... with this weakness, I can see the price fall all the way down to the 1.55 - 1.35 area, which is where I will be adding positions again. Or, a break above 1.95 will...

Dollar-A-Day

Not financial advice, just my own thoughts and recorded history on what I am seeing so I can look back on it in the future ... One more push down in this channel to finish off the right shoulder, into the 1.30 - 1.40s .... and then pop up to 1.85 - 1.95 levels.

Dollar-A-Day

Not financial advice, just my own thoughts and recorded history on what I am seeing so I can look back on it in the future ... Looks like the break is holding ... a reverse head and shoulders playing out??? confirmation of it sends us to the golden pocket, the area of ultimate interest ... a break above that is bull run full on .... If it gets there, I think...

Dollar-A-Day Updated 

Not financial advice, just my own thoughts and recorded history on what I am seeing so I can look back on it in the future ... Here we go ... downtrend break attempt ... would be a great sign to see it break and range above it, if not recovery fully ... I suspect a longer played out recovery

Dollar-A-Day Updated 

Not financial advice, just my own thoughts and recorded history on what I am seeing so I can look back on it in the future ... I am a buyer here as its at the lower end of what I identified as the "chop zone" ... meaning, if you try to trade too high up in the chop box, you will get chopped up, financially and emotionally ... stay out of the chop zone ......

Dollar-A-Day

None of this is financial advice, just personal thoughts after "the dump" and what I am planning to do right now ... I am going to post this for ADA but all charts pretty much look the same ... People see a dump and immediately think its a bear market ... it looks like that if you play on smaller time frames ... but I argue its not a bear market at all...

Dollar-A-Day

its over the ATH down trendline ... all oscillators turning back up on the daily TF ... I believe the correction prior to next bull run leg up is now over. Buy dips if you are not in ... hold if you are. I suspect some profit taking here taking it back down to around 1.30 or even 1.25 ... to summarize, BTFD.

Dollar-A-Day

Looks like ADA's cool down is almost complete. I think it needs one more drop down, could be a a quick wick type of situation and not one where it lingers at a support level. MACD showing some promise on a potential turn back up. RSI looking like its bottoming. Approaching the bottom of the trend channel starting back in Dec 2020. Overall ADA still looking...

Dollar-A-Day

Starting to dollar cost average in right now .... Looking for one more move down to finish off this Wave 4 correction. Drew squiggle lines to show what the price and the stoch rsi movement may look like ... anticipating a possible bullish divergence when this bottoms. If this doesnt play out, then the reverse H&S will with a break and hold above the top trend...

Dollar-A-Day

Laid out on the chart. Looks like 9750 is important for bulls to hold to keep pumping. A break below and it can put this pump in serious trouble. Blue lines indicate possible scenarios of how this may play out. A break above the green down trend line and I think pumping resumes.

Dollar-A-Day

Laid out on the chart .... if it loses the trend line, I think this run is over and we fall. Playing out to a potential head and shoulders ... this line may be crucial to the bulls momentum. If price breaks above 24440, then this is off and can have more upside and reevaluate where things stand.

Dollar-A-Day

I see a lot of talk about CME gaps right now since this last run up to $9500 filled a huge one. Now people have identified $7600 as the Bitcoin bottom due to the unfilled gap there. So along the same lines, just checking to see which gaps remain unfilled further down .... Look at the 4H and go back to 15 Feb 2019 at 19:00. $3560 gap remains unfilled. What if...

Dollar-A-Day

Finally here ... around 3000 was identified as the sell zone in prior analysis. Will look to dump all risk assets starting today. Reasons why: That is the daily SMA 100, 200 and EMA 200 on the chart. All overhead resistance. Also, Trump is starting to reopen the country ... I wonder if the Fed is going to hint at letting off the gas today during the FOMC...

Dollar-A-Day

Highlighted overbought signals on the chart ... I anticipate a drop here, and a very fast one if it plays out like it did at the range top before.