Bottom
LONG - EVX - Trading OpportunityAfter a very harsh fall, BINANCE:EVXBTC seems to be making a rounded bottom with a very bullsih MA cross on the hourly chart.
Entry: 0.00002173
Target : 0.00002401
SL: 0.00002908
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NYA Buy SignalTiming the bottom is almost impossible. Instead, look for buy signals. When the ROC indicator goes from mega oversold (-20) to mega overbought (+20), along with the KST either showing a positive divergence or weekly MA crossover and a McClellan Oscillator (measure of market breadth) mega oversold (-70) to mega overbought (70) is the signal I would look up for!
$VIX leaving logarithmic channelThe volatility index, which was recently at 2008's levels. Is starting to go lower, as the S&P is trying to make a bottom.
We are also trying to move out of a logarithmic moving channel (400%+ in less than a month).
The 10 Simple-Moving-Average, is becoming increasingly important; as we are testing it as support and resistance, for the $VIX and the $SPX respectively.
For more information on the $VIX, click on the related ideas.
LUN/BTC Sits on 9 Month Low. Great Buy OppurtunityHi my friends. BINANCE:LUNBTC sits on its 9 Month low price ( Strong Support Level ) it seems a good buy opportunity.
be careful it is not a trade signal.
buy between 0.0000820 - 0.0000880
tp1: 0.0000978
tp2: 0.0001028
tp3: 0.0001124
tp4: 0.0001259
tp5: 0.0001362
tp6: 0.0001462
stoploss : 0.0000790
Inshallah we will reach all targets in 30 - 60 days.
Push like button.
XBC , Ready to bounce?Trend line well respected for over a year. Even considering the volatility of the recent week, it closed on the trend line. Keep in mind company got a 9$ price target a couple of weeks ago because the management is executing very well
BITCOIN - WHAT YOU NEED TO KNOWHey there,
Thank you for supporting this idea with likes and make sure you follow me here on TV.
so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history.
A rounded 40%decline in 1 day. An incredible number for any trader.
There are now some key questions to be asked:
What really valuable asset is able to drop 40% in one day?
What could have caused this spike and will it happen again?
Is this the end of Bitcoin?
To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin.
It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come
back up to those.
While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in,
I too am troubled and have doubts in the real value of Bitcoin, if it is able to be manipulated by this degree.
Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether
or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day.
So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement.
Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful.
Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy.
Cheers,
Konrad
Start of new bull cycle for Bitcoin?Yesterday's crash strengthens the great similarities between current and previous Bitcoin cycle. A sharp sell off made an end to the bear market with only upside seen from thereon. Besides these similarities, looking at the weekly BLX chart (Chart has yet to be updated as of today) with the 200 MA shows a bounce from this moving average, even more so indicating a potential long term bottom.
Silver is Real Money not BTC be smartSilver may not be part of our currency, but it is still money. In fact, silver, along with gold, is the ultimate form of money, because it can’t be created out of thin air (and thus depreciated) like paper or digital forms. And by real money, we do mean physical silver—not ETFs or certificates or futures contracts. Those are paper investments, which don’t carry the same benefits as silver or gold.
Physical silver is a store of value, just like gold. Here’s why.
Silver has…
• No counterparty risk. If you hold physical silver, you don’t need another party to make good on a contract or promise. This is not the case with stocks or bonds or virtually cryptocurrency any other investment.
• Never been defaulted on. If you own physical silver, you have no default risk. Not so for almost any other investment you make.
• Long-term use as money. A scan of monetary history shows that silver has been used in coinage more often than gold!
Physical Silver is a Hard Asset
Of all the investments you own, how many can you hold in your hand?
In a world of paper profits, digital trading, and currency creation, physical silver stands in contrast as one of few assets that you can carry in your pocket anywhere you go, even another country. And it can be as private and confidential as you want. Physical silver is also a tangible hedge against all forms of hacking and cybercrime. There’s no “erasing” a silver Eagle coin, for example, but that can certainly happen to a digital asset
Silver is Cheap and will have a parabolic rise years to follow...crypto will be gone by then...meanwhile silver and gold will be alternative for smart investors than will get early in.
What if I said you could buy a hard asset at 1/70th the price of gold—and it would protect you just as well against crisis?
Bottomless or reached bottom?Hello there beautiful person!
How are you all feeling after a red week in stock and crypto market, with still even more red day today?
Are you looking for buy-in, or selling to cash out?
On my part, I did not expect this heavy drop in crypto this fast. I expected a drop, as I do with gold price before it goes up, but not this fast and so hard though.
BTC/Euro is at a very interesting point right now at 5044, and it crossed a very large support line at 5268.
The million dollar question is: will the price hover around that major support line or not?
Next support line after 5268 is 3680, and that is the support line I think is the most likely bottom.
However the optimist in me tells me that 5268 is the lowest low we will have this time around, until next bad news comes our way.
Personally, my buy order got activated around 6500 so my cash is spent; and now it is time for me to watch this unfold.
Wish you all a safe week, and dont forget to wash your hands well.
How I see the future of BitcoinThe last days have shown Bitcoin is still in the same bear market it has been in since the all time high. Every pump in between is just a correction (see: Elliott Corrective Waves) and has nothing to do with the start of a new bull market. A new bull market will start when most people have forgotten about cryptos and want nothing to do with them. That's what a bottom is - a period in time where there is close to no interest in the given asset class (see: BTC 2015 - 2016).
I see the start of the new bottom at around 2021 - the start of a new bullrun in around 2023.
Many people (mostly those who are emotionally bonded to BTC or want to get rich asap) see this theory as impossible or call it the death of Bitcoin - just like the last time Bitcoin went through a bubble in 2014 and did almost a 90% retrace. To me this is a normal thing to happen in cryptos so I would not worry, quite the contrary. The faster we reach the bottom the faster it will recover.
Good luck to everyone involved!