morningtomyum

morningtomyum

A relatively rare setup on a daily chart. DOT has recently bounced off a third bottom and coupled with a bullish divergence. I expect some upside over the next few weeks for patient souls.

morningtomyum

A lot of upside remaining for CRO across 2022. Conservative traders should take profit at 0.8x. Always potential a breakout could occur past $1 and beyond, but it will take some time. But for the time being, there might be some selling pressure on the short term horizon.

morningtomyum

I think we're going to see an interesting turn of events for this pair. We've hit a multiyear trend line which could send this back up to the 1.2 or 1.5 regions.

morningtomyum Updated 

After riding SHORT down to the $2 region, I'm expecting another short leg down toward $1.8 to $1.9 before we ride back up again to the upside. Stay safe and happy speculating.

morningtomyum Updated 

3 things that are clear to me at least from weekly technical perspective MACD is still wildly overbought. 0.5 fib sits nicely on a support. 0.616 fib sits too nicely on a support. There is a very high likelihood we are heading down to at least 0.10 within 3 months. Apart from these, many have lost their trust with CDC, largely due to their poor and sudden...

morningtomyum

I have a bad feeling about BTCUSD. It's been crawling along the trend line for a while now. Looking like a repeat of the usual year end dump, completing a possible H&S. Stay safe and stay short.

morningtomyum

Possible short term trade for LINK in this bullish flag pattern.

morningtomyum

Sometimes these diagonals make a final push to a higher high before turning bearish. Idea is invalidated if it goes below $330. Stay safe and trade safe!

morningtomyum

This is a follow up from my previous idea. I am definitely bullish on precious metals, but Gold has to calm down before it reaches newer highs. The Gold rally has hit the brakes in recent weeks and making some nice moves to where I think it will bounce on the 0.5 fib. Stay safe and happy speculating.

morningtomyum

There is definitely risk of falling to the $0.70 region. Anything can happen in crypto, especially in Sep and Oct. I can't ignore a strong divergence and good probability of mean reversion when I see one though.

morningtomyum

Crypto exchange Binance is now explicitly positioning its Venus stablecoin project as a government-friendly alternative to Facebook’s Libra, just a month after downplaying any suggestions of rivalry between the two. Binance’s refined sales pitch for Venus comes on the eve of the exchange’s expansion into the U.S. (Binance US is set to begin taking deposits...

morningtomyum

The EU will set up a new college of supervisors, including national and European authorities, to oversee “significant” digital currencies including Facebook’s Libra, according to the European Commission’s cryptocurrency draft proposal seen by EURACTIV. The long-awaited regulation will address the high volatility of cryptocurrencies including Bitcoin, the most...

morningtomyum

Two possibilities: either a U shaped recovery along the current support trendline to the upside, which will eventually test the 20k resistance, or a H&S pattern forming into the downside, to repeat end year 2018 and 2019, into the 6k region. Personally, I would think it's downside for now. The crypto market seriously needs to recover from the overbought state.

morningtomyum Updated 

CRO is way overdue for some much needed healthy price consolidation. I don't think it's a coincidence that from a technical POV, CRO is going to run out of space around November, right when: - CDC haters have all bailed out after the controversial MCO swap - CRO mainnet is launched - US elections are happening Prepare to ride some volatiliy.

morningtomyum

Alts took a dive today. This was expected. ICX looks like it could be setting itself up for a running flat to the downside. Unfortunately it seems that the only fundamental thing about crypto is being continuously subject to pumps and dumps. Sometimes I have to think like a whale...

morningtomyum Updated 

Note the bearish divergence formed on the daily chart, and also with a 1H/4H bearish flag forming, things are not looking up for XTZ. I'm expecting some downside in September.

morningtomyum

Rarely have I come across such beautiful supported legs like the STI we have today. Much more long term upside expected for the Singapore economy, especially profitable for millennial's planning for their future, assuming if they don't fomo into the defi space now.

morningtomyum

Expecting to see more volatility in the next few months, especially with the November US presidential elections.