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KEY LEVEL TO WATCH: TOTAL2 MacroI previously estimated where altcoins might find support, and I was right... for a few weeks.... but we didn't get a serious relief rally before losing that level. Contagion has spread and 2 more giga-firms Celsius and 3AC may be insolvent / forced sellers.... And now we are a 7% drop away from a potentially very significant level... It's the 200SMA on the 1W timeframe (yellow line). We haven't come anywhere near it since pre-bull run. Before that, it never exactly offered rock-solid support, but it did act as a magnet for price action during the previous bear cycle. When it was broken previously, the Total market cap of altcoins went down another 45% before being drawn back up to it and didn't stray too far in either direction until blasting off this previous bull cycle. I'm posting these quickly so I'm sorry if some of my numbers are off, but you get the idea. It's a point of interest. If we lose it, expect more downside, but THAT will be when it's time to really pay attention and watch for a potential bottom / rally back for a bearish retest of it. THINK HAPPY TRADES THINK HAPPY TRADES CD
CRYPTOCAP:TOTAL2
by cryptodonovan
Buy The Lows IF.... FOMC takes us there! (end of week)As we all know the last FOMC announcement drastically effected the crypto market several weeks ago and well... Every other market for that matter. 2 days until we are met with yet another bearish outlook surely? These expected moves to the downside perhaps create an opportunity for anyone who can maintain the intestinal fortitude to bear the risk (no pun intended). Consider me an optimist and pro MMT; the market should in theory head for new highs come January. So for sure we are early. Of course playing counter trend will go against your better judgement even though some bulls are purely in a denial state at this point just wishing for 30k again. I recommend trading small positions on leverage. cut your losses quick. For anyone else just buying the coin looking to hodl for the rest of the year, now would be your chance to catch one of many prime entries on a potential Christmas rally. I stray away from flooding my charts with Indicators for these post to keep things simple. We expect price to go lower, if it does. you know what to do.
BITSTAMP:BTCUSDLong
by LiveTradingHouse
TheKing CME vs Exchanges- i remember one of my best friends asked me in 2018 if it was good to buy Bitcoin around 4000$.. around bottom, i answered nothing, i just told him life is like a computer, it's like 01010101. You just take a decision then u have 50% chance to be correct and 50% chance to be wrong. - So he had like 50k Euros at that time and he decided to buy a small studio because it was more a " Secure investment ", if he bought BTC by that time he would have 12.5+ BTC for last 2021 bullrun and could sell for 600,000++ Euros after 2 years ( if he sold btc around 50k$). Right now his studio's prices didn't move up or down. so that short story is true, i didn't dream it. i just posted it to explain something very important : - more you invest in something safe more the return will be poor. - more you invest in something dangerous more the return will be good. This simple law is valuable for everything, not only for cryptos. if you buy a studio in center NYC, you will pay it a lot but you will have more chance to be safe, the return will take many years of your short life. if you buy a studio in Cambodia, you will pay it much more cheaper and your invest could be transformed x5-x10 or going to zero. let's back to the trend : - it's important to check the difference between CME and Exchanges. - When retails can buy 10$ in BTC in Coinbase, you need at least 10,000$ to invest in CME. - i noticed this price difference from the last July BTC dip, when BTC dipped on exchanges the price was 17500$ ish. But on CME price bottomed around 18500$ ish and few day ago from now made a kind of double bottom tap. - So to come back to my friend story, do you follow retailers or big hands ? - i will post in comments the next important CME GAPs that BTC have to take back in future. Happy Tr4Ding and St4y Safe !
COINBASE:BTCUSDLong
by thecryer
7
BTC 4 Year Cycle Bottoms in NovemberWe've already begun a short squeeze that will go much higher than people expect. This will turn into belief that cycle has bottomed and FOMO will carry it higher. Price will meet the the 200 day moving average and the sell zone of the current channel at the 29k support zone, now resistance, in late September. Shorts will have been thoroughly wrecked, and FOMO'ers bags will be thoroughly loaded for a long squeeze. Price nukes into November for the real bottom of the cycle. Why November? Check my related ideas.
INDEX:BTCUSDShort
by jchristy3
2
Bitcoin Bottom- i saw many traders using vrvp or vpvr like and claiming BTC will go 10k. - They just don't know how to use this tool and didn't understand how it works. - if u don't know how to use a tool, simply don't use it. so less people's will rekt. this is an advanced trading tool. - The Timeline of those tools are VERY IMPORTANT, they cannot be set up from 2015 or 2013. What happened when BTC was Bearish : - Actually when BTC dipped from 30,000$ ish, the columns started in the vrpv darker zone ( Less Demand ) - BTC reached 20,000$ and columns started to grow ( Demand Zone but Fear "Retailers" ) - Then dipped 17,500$ and the columns diminished size ( Good Demand " Smart Money" ) - This is at this point that you can detect a BOTTOM Zone. ( Darker zones + Small Columns ) Then what happened when BTC was Bullish : - if you watch VRVP when BTC was growing you will notice the inverse. - The Main demand was around 30,000$. - BTC Reached 50,000$ and VRVP started to be darker ( More Demand impulse "FOMO" ). - Then BTC reached 70,000$ ( No Demand ). ( Darker zones + Small Columns ) - i will post an exemple under this post to show a bad use of VRVP/VPVR. please don't use it that way. Happy Tr4Ding !
Long
by thecryer
14
Nifty IT to rise!!, bear runs waves gets overNifty IT- target 30500 cross. i have drawn the waves for the short term, it looks like nifty it has completely corrected, and now it has to start its run. it will go up, with a rally or with some corrections in between(idk), but i guess it has touched its bottom, and will now move upside. plus, have look on rsi indicator, and macd(strategy). they have started to show some divergence, so if by chance nifty it falls, it will not majorly affect much, and will continue its bull run.
NSE:CNXITLong
by raghavchoudhary2016
EURUSD in humangus wedge?!! Yeah it appears so :)So basically we have a dance between eurusd and dxy - and emaflow is really good at projecting these ranges . EUR needs to stay above the green oversold area - but something tells me it will... we're basically really really not like 2000ish, and we're basically in a wedge? All this points towards a potential eurusd soon bottoming - this historically also was during bear markets but not recessions - also if we are building a recession - historically it took 2 years for eur to crash.. we might do it sooner but overall i think we're due for a bounce. Ye like its god damn 2013 all over again. Or maby inflation kills us anyway. Time will tell... Keep in mind this gets invalidated if we crash below our os area.
Long
by EMAflow