Hi folks! ICP is an amazing project, so it is definitely worth following in the time to come. However, it should be very clear to every investor that it is time to sell risky assets when you see even riskier assets starts exploding due to pure manic speculation. As you all know, this manic speculation is what we have seen in the last months, and I believe we...
Hi! Looks like FIL/USD is ready to bounce - if BTC/USD holds up its end of the bargain ofc. Note that the bullish divergence is weak, so do not take this to be a clear buy signal in itself. However, in combination with very tight BB and lower end of flag, it looks very promising. As I said - watch BTC/USD before making a move. DYOR.NFA.
Be careful, guys! As we have seen time and time again during this bull market, bullish divergence after a correction on the 1h/30m is the best buyable events. Note that we might see a restest of the trendline at 1.20, depending on whether BTC holds the trend line at approximately 59.700 or not => Keep your greed at bay. Also - keep an eye on Nasdaq, as it is...
PS: I am long in the long term - that`s why its marked "Long". Looks like a critical short term support zone for DOT this - probably smart to wait for a second bottom here. NOTE: Supply of BTC at exchanges is at its lowest since April 2018 according to Cryptoquant - with a massive outflow of approximately 80k BTC from exchanges yesterday. Just saying. DOYR. NFA.
Massively important to hold 1.14-1.15 - I am already holding, so waiting for retest of the lower edge of the triangle - looks like it might coincide with a bullish divergence in both RSI and MACD on the 30m timeline - for which I have had most luck with using as a proper time frame during this bull run. DYOR - NFA.
Last time we saw a DOT-rally (THE Dot rally thus far) a couple of weeks ago, everything happened in a couple of days - with a 19 hour correction and consolidation phase in the midst of if. I am not a sucker for fractals etc. but the situation right now look strikingly similar now - or maybe I just have an enormous confirmation bias! At least, I am keeping my DOTs...
DOT just broke out of a massive triangle formation yesterday - following the ETH-rally during the last two days. However, one can see that DOT has massively underperformed ETH since hitting its ATH > 19$ a couple of weeks ago. Actually, DOT/ETH is actually down during the ast month. We also know that ETH got rejected at the top of its massive ascending channel...