Need to turn that bear flag around though...a broadening wedge would do wonders here for anyone with XRP...might take a miracle, but stranger things have happened. Not Selling here!
Dip on BTC dominance dip overshadowed by possible resumption of the Bull Trend on BTC. Short-term downtrend cancelled for now, the prize of 25K lies above resistance of 23800 based on the upper Trend-line. Staying with the plan of a slightly diverse or Bitcoin Maximalish Portfolio for now. Alts bouncing decently, with the exception of XRP which has at least...
Anyone that bought the dip on Alts, very ballsy! Hat's off to you if it work out.
Anyone that holds the majority of their cryptocurrency portfolio in Alts ought to be looking at this chart. Not even going to do any analysis, the result is already in. At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away. This is partly to do with...
All the good buyable dips tend to happen at night, or early morning. Not sure why, could be something to do with Shorting bitcoin tends (not always) work best at night (Eastern Standard Time - if you don't live in this time zone, well, adjust). The issue with this, if you are trying to add btc via GBTC or something similar, you have to wait until 9:30 am normally...
Sure enough, the bill comes due after an orgy of buying. Even I threw a bit of cash up there. Triangle in play now that that trend-line has been violated. Everyone remember 2017-2018. Be mindful from now on, cause it can go lower, and DCA works, but be very careful about what you buy and when you buy it. DCA proportionate to the dip if you're going to start...
Pardon the mess, this is an XBTUSD (bitmex) chart, from when I was making leveraged trades when it was legal for me to do so. This is a monthly chart view just to keep everyone from having delusions of grandeur. BTC goes up, BTC goes down. Right now, we are way up historically speaking. Save some cash, or have a means of generating cash just in case we see BTC go...
The road higher is a slow grind now, with quick bursts every so often usually a result of short interest getting rekt at critical times. DCA is your friend...if you're not a genius that knows exactly where price will be ahead of time. If you want to get better at it, brush up on Math and Technical Analysis. I myself have much learning to do, going to be reading a...
Up past previous shorts and into 23700 region. RSI confirmed.
Interesting action no doubt - if that is cleared, room to move to 25K
My guess is as good as yours...Just watching the action and already regretting a few buys, long term holds, but still. Brexit-jitters, more lock-downs, and other news items are sure to make the next two trading days interesting. Thoughts, looking at these 30-minute candles, they don't look bullish to me, and the down candles seem to have more "punch" to...
Had no choice, sold off some stocks that show little promise (bad investments - that's on me), to add to QBTC in both USD and CAD late morning. If BTC Breaks above this descending Trend-Line, it can move up to 24 K in a hurry. I still favour a correction lower in the next couple of weeks and hope that I have cash available if it happens. In the meantime,...
A very decent step down, this is not just bitcoin, futures are ugly. Save some cash, this is the first day of serious selling, there may be more on the way. We have brexit and Covid-19 mutation to deal with. For anyone that has bought BTC in the last few days, welcome to the club. This is part of the deal.
Looking like 20-21K might be a safe and legal target for additional buys, see how Monday works out. Let it fall so you get the best bang for your buck.
Make it or break it time. If BTC breaks and backtests the above trendline, alt-coin owners will have some deep thinking to do. Not sure this chart is of much use considering it would probably take into account a lot of alt-coins that are functionally dead. Will have to do some research. Probably a good cautionary tale though, if you do own some alts, make sure...
I have no illusions that we are going to 100 or 200K in a straight line. Bears gotta eat too. We have yet to properly consolidate the move above 20K, also corrections are healthy. Last sizable correction was 15%. From here, if that 4hr candle closes red, we might get that healthy 10-15% correction to about 20,500 or even lower, even a 20% down from here would be a...
Alt-coins definitely not feeling any love, could be make or break for them, watching this chart closely and if it corrects downwards, and the long term downtrend continues, they may see some serious gains. A good strategy might even be to buy alts and wait. Not trading my BTC for alts though, too dangerous at this point in the game. Only looking to sell some ALTS...