MoneyMakingMuro

MoneyMakingMuro

Folks, For me a total market being traded above the 200 day MA is Bullish and is being traded in a BULL market. So the crypto has broken the 50 day MA and confirmed it. Very important point! We are now ranging between the 200 day MA and the 50 day MA. We have rejected the breakout of the 200 day MA once. but if you look closer on the 4 hour chart you see...

MoneyMakingMuro

Gooooooooodmorning Folks, Greetings from Amsterdam.. Woke up this morning opening Tradingview and got my mind blow up with all these GREEN numbers on crypto.. Everybody happy again.. Control your emotions these days and try to look critical to the charts as you always do and really ask yourself what you see while looking at the charts. Well yesterday I posted...

MoneyMakingMuro

Hi Folks, This is the price of Dogecoin after the tweet of Elon Musk on Twitter. Has his manipulation of prices stopped working??? Well definitely you don't want to see prices fight resistance like Doge is doing now. Small candles, small bodies and long wicks. that says indecision. Market has lost direction. So it can go either way. But if you look closely, 4...

MoneyMakingMuro

Hi Folks, As I have learned a lot lately one thing always crabs my mind in how special it really is.. The symmetricals in Technical Analysis and what happened in the past often re-happens in the future.. So If you want to know what the future may hold look back in the past.. With this lesson in mind I reviewed The Sandbox/USDT pair.. I am very interested in...

MoneyMakingMuro

Hi Folks, As Bitcoin is still the main currency in the crypto and the most dominant it really pays of to watch in to the charts daily.. Because when the Whale eats the little fish eat to (Altcoins)... In the 4 hour chart we see Bitcoin coming to a nice resistance level.. Watch how the Bitcoin has rallied earlier resistance and support levels.. That is nice.....

MoneyMakingMuro

HI Folks, As you know I really love and enjoy spending my time doing Technical Analysis on Crypto and soon on Forex... It really has become my passion.. And YES even when I lose. I started trading in the midst of the Bull Run of early 2021 so everything I bought turned in to Gold.. And then BOOM.. Lost almost everything.. A lot of people become disappointed...

MoneyMakingMuro

Goodmorning Folks, NFT's going strong lately so will THETA be.. I have done my due diligence on THETA and appreciate what they stand for and what they do and want to achieve. I strongly recommend reading about it and do some research on. On the daily chart we have a Bullish breakout confirmation because price closed above the open price of the black candle.....

MoneyMakingMuro

Hi Folks, I always say when you take a position in a trade and you know why you took that position than it is a good trade. Even if it works out the other way. That is always a probability.. On the daily chart Polkadot/USDT is very bullish.... The Bullish Engulfing pattern has been confirmed strongly in a low price area.. The RSI is around 40/42.. and the...

MoneyMakingMuro

Hi Folks, As trading is doing a lot of research I have stepped in to candlestick trading combined with western technical analysing tools. I find this really satisfying. You can see for example the Bearish Engulfing pattern in this XRP/USDT chart how reliable it acts. Where I put the blue flags are CONFIRMED Bearish Engulfing patterns. Be aware of the recent...

MoneyMakingMuro

Hi Folks, Don't buy in to Dogecoin purely on the Technicals.... When looking at a daily candlestick chart you see a Bullish Engulfing pattern. That is bullish and nice. But that is representation bias.... When you scroll down in to the 4 hour candlestick chart we see divergence..... We see a Bearish Engulfing pattern and the candles after the Bearish...

MoneyMakingMuro

Hi Folks, The daily chart of the BTC/USDT asset shows a beautiful Bullish Engulfing pattern. That is nice. That is bullish. But when we dig in deeper, 4 hour, chart we see bitcoin struggling in the form of forming high wave candles (long shadows). What I have learned is not to buy in after a bullish engulfing pattern like I did in the past and cost me lot of...

MoneyMakingMuro

Hi Folks, THETA TOKEN a nice NFT. There are is some divergence. I tell you why. When you look at a daily chart you see a Bullish Engulfing pattern. That is Nice. When you look at the 4 hour chart you see a Bearish Engulfing pattern. When you look at the 2 hour chart you see a confirmed spinning top at a high price area. The price of $4.21.- it acts on...

MoneyMakingMuro

Hi Folks, How are you doing? When you see a bullish engulfing pattern emerging on a low price area on the daily chart, what is going on in you then ? Do you want to buy immediately? Before I educated myself I have made this mistake very often and it cost me a lot of money. Instead of buying after a bullish engulfing I use it as a support indicator. On the...

MoneyMakingMuro

Hi Folks, As I have been start reading the book of John. J Murphy / Technical Analysis of the Financial Markets I feel I am really developing as a trader, at least I try. As the most important factor of reading, I think, is to apply what you read. So I would like to point out new ideas.. I am interested in Zilliqa on the term and also on the short term for...

MoneyMakingMuro

Hi folks, While looking at the chart of Zilliqa/USDT on the Bincance exchange I see a beautiful option a risen on the horizon. Again as I posted earlier there is this thing Divergence again. Divergence is in the rising of the prices in the earlier bull trend and the decline in trend line in the RSI. Again the divergence has been confirmed to be true. TIP go...

MoneyMakingMuro

Hi Folks, Is been some time.. I have been reading about the importance of divergence in trading.. And while reading about it I was also doing research to apply what I read about in real life. So I took a more specific look at the BTC chart and saw price divergence. Could we see it coming that prices would drop? I have become very aware of this thing called '...

MoneyMakingMuro

Hi Folks, I am in the middle of reading the book ' Trading in the zone' by Mark Douglas and I strongly recommend it reading when you are serious about trading. He teaches u that trading is extremely psychology attached. My tip; Go read. you can find it for free on the internet at a pdf drive. Now coming back to Dock/Usdt. I always recommend when starting '...

MoneyMakingMuro

Hi folks, There is this new thing (I discovered) on Tradingview. Called the crypto screener. A very useful tool for filtering out cryptocurrencies to your preferences. I really recommend you taking a good look at it and use it to your advantage. The Perlin/USDT chart shows us a very beautiful confirmed head and shoulders pattern. Now I want to ask you where...