My buddy Alex who has a radio show discussing cryptos saturday afternoon, has been bugging me to look at Guppy. My first look was UGGGGLLLYYYYY. But even ugly charts can tell us something about what the market is doing and more importantly where we can take advantage of patterns. But the chart is telling us something very interesting as we dig a little deeper. ...
If you are into crytpo's this should be one of your top 5 core holdings. 1 & 2 are obviously BTC and ETH, but LTC deserves a distant 3rd sitting. Some will argue OMG DASH ZEC and a handful of other good coins, and to a point any of them could be. But what makes LTC #3 in my book is that the average Joe can buy it easily. Yes us die hard traders that live for...
This is a core holding in most traders portfolio. The recent increase to $380 may have people thinking this is a top? But we do not trade in US dollars we trade in BTC's. This is not different then trading gold in USD or EUD. We must keep it relative and ignore outside data. Cryptos trade in BTC not USD or EUD. This chart explains why we really were...
Ok I may have let emotions get away from me but boy did this break out and I got a buy buy buy signal out of the box! I had to place 3 orders to get in. I should have been paying attention to this instead of writing about IOTA. But none the less, if your a scalper, or trader the buy signal just hit. Retraced perfectly to the 4th wave, bounced to the upper...
I noticed a lot of traders trade on news only, scramble in and out of coins based on tweets, blogs, etc. Some are successful but for the majority of traders this will lead to loss after loss after loss. Not that news doesn't effect the market, it often is a catalyst for what WAS going to happen anyways. News has more to do with the timing of a trend change and...
Was asked to take a look at IOTA, Iota is a very clean graph and it appears to have retraced and forming the typical consolidation after a completed cycle. I like this graph and appreciate someone bringing it to my attention. I do not know much about IOTA and to avoid being influenced by anything but TA I did not research the company only looked at the graph. ...
Nothing is ever for sure, but with TA we can look for advantages over the market. The ETF graph is cleary giving us one. I especially like where some TA analysts are posting a resistant line where it does not line up fibbonacci wise. When I ran the retracements from the down trend from the 2 major waves, the fibb #'s line up. That is another confirmation we...
This couldn't be a more perfect setup. I have bought a 1/2 position on the breakout and will buy the other half on confirmation. I love this pattern, but be cautious as always. Many times when a setup is this clear it fails. Keep your eyes on the charts, and keep to your plan. This could be the play of the day!!
Some of these coins are so new it's difficult to assemble any sort of trend especially with high volatility. My buddy got into this yesterday so I thought I would take a look. This looks to be a nice setup (almost too simple which is always a cautionary flag) as it has broke the sideways correction channel in a bullish manner and started wave 3 in our count. I...
It's not that I just do not like the company and think it has red flags all over the fundamentals. But this one ran hard and when you see this type of run up, you quickly run out of buyers, and then those buyers turn to sellers, and then "look out below". Kind of like one of those old rockets, you light the fuse, it takes off, kind of dangles in the air, and...
This provides additional support to the previous post
A lot of bullish sentiment and though I feel this is a great company you may get a better entry level. If your long term no hurt in entering a 1/4-1/3 position but definitely not a back the truck up coin yet. I do mean YET.
My buddy was ready to buy as LSK was is pointed for a news conference tomorrow. I said wait let me look. UGLY!!! The buy the rumor has already run it's course and I think we are now in a correction stage. I warn fellow traders do NOT buy on news, as you will Lose! Especially when it's already priced in to the good side. It would have to be spectacular news at...
Up late and saw an interesting pattern in ZCASH which I have been waiting for some signal we have bottomed. Well I think we are there and we are starting a new BULL Cycle. Let me know what you think. Feedback, ideas, and comments greatly appreciated.
Very long term (in crypto years) sweeping upwards pattern with a spike, and multiple sweeping patterns with spikes. As we have seen two higher highs and three lower lows, I believe we have a high probability that we are going up from here. Nothing is ever for sure but anything to get an edge on the market works. This could be setting up for a nice trade. ...
Saw many cup handle patterns drawings which is a red flag in itself. When it's that obvious the trade seldom happens. the lower line is good support, but I would not trade this until it broke the short term double top, then targets T1 and T2 are long term resistant/support levels (both for each). I see ETC trading sideways in a consolidation channel, but you...