CROUSD trade ideas
long CRO$CRO broke through the descending trendline and now is bouncing off the support level. Bullish movement to resistance level at 0,124$ is possible.
looking for the median of 16 centsThis has hit yet again another bottom
if the ass doesn't fall out we could see 12 to 16cents in the next few months
CROUSD - Wedges Wedge chart patterns
First a bullish Rising Wedge
Second is a yet to form Bullish falling wedge
This will lead price to new highs
I believe price is not even in a bear market, it is just a pullback within a completely bullish trend
CROI think the insiders have already started to sell strong and the right shoulder is forming, I look forward to breaking 0.1050 and then rising to 0.0980
CROUSD My mult timeframe weis wave fingerprinting strategy detected a strong down pattern. The pattern has an average move of -4% based on past occurrences. I was able to enter a short right before the break down. We will see if this pattern will follow through in line with the average.
COINBASE:CROUSD
finding a good entry for CRO to shortmissed the 0.124 entry, now I'm finding a good entry to short, seems like downside and tp at next support.
CROUSD - Large Bullish DivergenceBullish Divergence
Higher lows on indicator
Lower lows on chart
Price is also within a weird kind of falling wedge, a breakout may result
💸 When $BTC at $30k? Let's look! [$MSTR review, $CRO Profits!]In today's video we consider when $BTC could potentially hit 30k again, review my open $CRO LONG trade, and think watch the $DXY tumble. 🔥
💦 $MSTR filled (most of) the gaps [$BTC's time to get Bullish?]The power of gann fanns, fibs and gap analysis doesn't continues to impress me more and more everyday! Sure, one can't really know what the future holds, and this weekend and 2 next weeks leading into the Jacksonhole FED announcements might spill more blood in the streets, but in my best estimation, it's really time to start getting bullish again! The signs are there that the liquidity bubble is being filled, gap by gap. So if you're not accumulating at these levels, you're definitely making a mistake! What the video for more explanation of my thoughts on what we're seeing in the charts with technical analysis ... what follows is more of a soapbox brain dump than anything.
As I predicted last week, we were in for either one of two clear scenarios.
A) we fill the gaps up in the $300-350 range left behind in August. Or B) we fill the gaps down in the 200-250 range, which we were opened back in July. It was 50/50 which way we might go at my last estimation, and the market has decided to fill the punish the bull's this month a bit more, and keep the apparent bearing momentum driving home.
We still DO HAVE ONE **nasty gap** remaining down in the 100-120 range too, which is a 50% drop from current levels! OMG! Painful to thunk... right? If these gaps do almost always get fill though... mustn't it be accepted and acted upon as fact? sometimes they're filled in a day, sometimes in a month, sometimes in a year. Sometimes in 10 or 20 years... only when we really have a serious depression on hands... eventually! Hard to say... And so maybe we've hit the bottom for now, maybe we're not. But the closer we get, the strong the gap's magnetic pull might be... so... either way, as $MSTR is getting it's ass handed to them now with all the bad news, Michael Saylor lawsuits and more... it feels like maybe we'll get through the $100 gap sooner than later... and $BTC holders will suffer as a result, unfortunately. But tis' life. ACCUMULATE ALL THE WAY DOWN! and BE CAREFUL WITH YOUR LEVERAGE! DCA in and take your profits along the way on the pumps.
So where is the signal to get bullish in all this mess? Well. There's only ONE BEARISH GAP LEFT ON THE CHARTS. *Look* at all the gaps left now on the upside!. So we will see scenario B) play out, sooner than later. That's the reason to get bullish, ofc!
Anyway, it's the reason I'm getting bullish... since I believe that all gaps will be filled (market makers... make the market, and will move it back to where they've left liquidity on the table...) and i'm accumulating! I'm betting on it that $300-350 get filled. Also that we will see $390, $490, and all the gaps back up to the tippy top around $1200 filled as well.
Or is it just coincidence that Blackrock and other massive investment firms have been buying up $MSTR in massive quantities? Are they not just as likely pushing the price back down and scooping up our shares and FUDing us so we sell them ours? (I mean... don't you think!?). Look at the SEC filings; look how many companies now own more than 7% of the public float of $MSTR. Do you really think they're making a losing bet? I don't, they have deep pockets... very deep pockets. What feels like pain to us, is just stacking sats to them. The patient will win. And we all know there *is* a bright future for $BTC. Nothing, fundamentally, nothing has changed in that thesis.... at all.
Sorry for such a crappy write up... but my day's coming to an end. Wanted to share my thoughts... hope they at least gave you something to think about, even if you disagree. :) Thanks for reading! Be safe out there!
$CRO next stop [$BTC aims with 50/50 chance, which will it be!?]We're at the mid point in the current short term move ending the EU day and handing over to the US.
Current price is .1246. The next 2 hours, my upside target is .1258 and downside target is .1226., which is where I predict we'll most probably start the day at US market open.
Better / Worse case scenario is one bump above and below at the half way point of the next fann line: .1270 (with a pull back likely at open) or .1205 (with a pump at open likely).
May the consensus be with you folks!
🙀👀💪 Huge moves incoming! [$DXY $CRO $BTC price divergence!]Currently Holding: $CRO LONG
Trading targets for the day...
LONG distribution (taking profits) in the .1250-.1260 range, with short accumulation in the .1270+ range, expecting still a pull back to .1230 and below in the coming 24-48h. I don't believe the market makers and whales are quite ready to raise asset prices for us small fish...
Stop losses are around .1225-.1220 range, with an expectation to begin accumulation shorts in this same area again if we don't reverse in that range and recover .1230 as support.
LONG accumulation zone will be .1180-.12 zone, with initial LONG buys at .1208-10, as this does indeed appear to be the current floor price attracting the most accumulation volume as of this week.
Very interestingly, $DXY is out of whack today, signaling to me that a change in the direction is upon us. I follow a huge vector candle live in today's video with clear predictions on how the market's will react. Let's see how it plays out! Give me a like if I get it right! ;)
Let me know how you see it. And don't forget to check my profile for more links and other interesting tidbits you might find useful. Be safe out there folks! And remember, friends don't let friends trade without stop losses and profit taking!
🥴$CRO Day Trading Plan and Review [$DXY, $BTC move as expected]Current position: LONG $CRO
My analysis from yesterday was pretty spot on, even surprisingly to myself! 🤣 Makes me happy either way. The intuition that Gann Fann analysis allows, along with volume profiling and general understanding of market movements after having been trading now for the past 3 years seems to slowly be paying off.
The main level's and ranges i'm watching for $CRO are as follows...
.1250 - .1265 is 'accumulate shorts' zone
.1169 - <= .1180 is accumulate longs; zone
Ultimately I anticipate a pull back to the golden pocket around .12175-.1220, sooner or later, before the #Jacksonhole speech. If we don't bouncer there, expect a further pull back into .1160-.1180 range, maybe as far back as .1140, before hitting a decent spot for retracing back upward again once we have whatever news we might have from #JeromPowell and the #FED.
If we fail the .1230 level today, expect blood in the streets. We will almost certainly be heading toward the golden pocket around .1220, as mentioned. It would mean we've left the rising wedge structure we've been bouncing around the past week or so, and this usually implies a continuation to the downside.
Honestly, I do expect that the next 2 weeks will continue to be bearish and we're likely to see touches within those lower ranges. I don't like it, but it's what i'm seeing in the charts.
There's a ton of support in the charts around .1169 -.1180 though, so at least there's that. It's where i'm looking to accumulate a larger long position again. With only smaller trades here and there along the way as we process the daily volatility before the month closes tomorrow end of day.
Good luck everyone! Watch the video's for more. Check my profile 👇🏼👇🏼👇🏼 for other information, and don't forget to let me know what you think with a like and subscribe! Be safe out there and do your own research too, ofc. Seeeee ya!
📈 Long w/a chance of rain ⛈ [$CRO,$BTC must hold these levels!]
Current Position: LONG $CRO
This weekend was full of tight range trading. Great for practicing good discipline, stop loss setting, accumulation distribution strategies and profit taking when trading with leverage. All MUST HAVE's for successful day trading.
Overall, I'm still feeling bearish, i'm looking for opportunities to LONG the rallies and stop hunt loss type scenarios when trading activity pushes to the upside after a weak (low volume) tumble. I exited my longs last night in the .1209 range, feeling the fast push into .1220's wasn't likely to hold, given the overall weakness in volumes. I'm rebuilding my LONGs in the .1170 - .1190 range, as it appears we're nearing the bottom of the +4 day trading range according to my accumulation fann analysis of CRO. If we bit the dust and fall through .1170, i'll likely be switching short with a target of about .1115, where i'd switch back again to LONG, but again, only short-term.
I'll take profits (start distribution) in the .1218-.1225 range, but I won't sell out completely, as I anticipate we could see a pump to .1240 throught out the day. If we push through .1240, i'll wait for the retrace and buy back in at .12, with a possibility of a double push to .124 in the coming 24-36 hours.
My goal is to make 5% returns per day on my trading, on average, per month. I'm primarily trading $CRO, but also ofc accumulating $BTC, $ETH and some other alts along the way, in preparation for the long term gains as crypto is more broadly adopted globally for all the right reasons!
What are your trading goals? What's the max leverage you're using, and why? I'm setting mine at 10x, but avoid using more than 5x, unless i have really tight stop losses in place and a very good reason!
crypto.comhavent posted a crypto.com chart in a while----it once was .75 cents-----and now its .12-17 cents bear market will do that----lol I dont know whats worse the southpark critisim or the fact that I created cro 6 months maybe 3 months before a bear market and it still survived---I think people need to give cronos some credit regardless-because the next 3 years for bitcoin and cronos will be a plus---its just those investors who invested into cronos didnt know the bear market was coming or they did and regardless forgot that they would lose money----wonder how they will feel when this reaches a dollar---some people do have heavy bags still.....invested into cronos....regardless of how the market is currently.....
👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at?
The market seems to expect more dovish announcements during the upcoming Jacksonhole FED event; my take based on Chair Powell's speech in June is that we could indeed expect rather a 100bp hike (very hawkish) or at least 75bp, again like last time. The doves are hoping for a 50bp hike. If we get 50bp, does it feel like the market will be ready for a rally?
I stopped out of the majority of my $cro short around .13. Looking to add more back in some more if we dump through the .1285 - .13 range and retrace back to these levels.
I expect 20750 to be an important stopping point for BTC and opportunity for quick long scalp for a few points if the dumpiness continues during the EU trading session, as I would expect the US brinks to put a little long pressure on before it shows it's true intention for the day to either continue the $dxy dump and move into longing other asset prices, or to reverse and really dump the markets at market open.
Summary, SHORT.
My analysis still isn't solid and clear; but i'm hoping you're following along and interested anyway. Comments, suggestions, questions welcome! GL out there!
Cronos: Too Hot 🥵Actually, Cronos had already been hot on the heels of the resistance at $0.1580 – maybe too hot because after finishing wave (B) in yellow there, the altcoin has jumped into the turquoise zone between $0.1330 and $0.1211 to cool off. Here, it has completed wave (C) in yellow as well as wave ii in turquoise, so that it should move upwards now, heading for the resistance at $0.1580 again. This time, though, Cronos should surmount this mark, thus confirming the ascent. However, there is still a considerable 45% chance that Cronos could drop below the resistance at $0.1161, which would then lead to further downwards movement.
📈 $DXY & $JPYX are on the rise [🔻$MSTR, $BTC, $EURX, $CNYU]We all know the drill, if $DXY is moving up, more speculative assets like $BTC and other #crypto #altcoins will trend down. Pressure is on as $DXY aims to reclaim the lost ground between 108/109 as the EU traders move to exit and US pre-market gets their ☕️'s brewing.
If we push back through to 109 and past 109.5, I expect to add onto my short $CRO positions and sell more of my $MSTR when pre-market opens for the day. We've been rejected at a few too many key levels for my $LONG comfortzone this week. If, and only if we can recover 21500 $BTC and then 21800 BTC with strong volume, will i look at switch bullish and slowly accumulate LONG positions between 21400-21700 with a target of 22400 to exit.
I'm targetting an initial 25% exit for my $CRO short position at .1233, with a reversal and initial 25% LONG position starting at .1205.
We very very very well might go lower though, so my expectation is to keep my DCA range tight. The volatility is going to be insane going into the first 2 weeks of September! Gooooo #ETH (consensus layer merge!)
If $DXY retraces during the US Brinks (pre-premarket) though, watch for the fakeout! THere's a lot of pressure building up (volume), the moves will likely be fast.
$BTC faces resistance exactly where expected [$CRO, Golden R.]Nothing more satisfying than charting out FIB lines and fining the place where prices are stuck aligns exactly with the FIB golden pocket... what else is there to be said? Waiting out the results for the day of my $CRO trade; short still and holding. No more accumulation, watching $DXY and $MSTR as we go!
CROSUSD Rising Wedge BreakCOINBASE:CROUSD
Rising Wedge abt 75% to apex
Decreasing Weis Wave Volume
Volume Profile Resistance unbroken
Increasing Downward Velocity
MACD Signal Down
Short and Long Term MFI Down
Price Object back to longer term trendline
CRONOS $CRO Long Idea - Hidden Bull DivI'm thinking we get a trend continuation here on $CRO, after that big rally a few days ago price has pulled back and bounced from the break out level
There was a breakdown and retest of the 20 period H4 simple moving average and is still currently below that level, so we may see another move down before up, however i think up is more likely due to the hidden bullish divergence on the RSI.
tldr
entry 0.140ish region
stop 0.13845 below prior swing low wick
target 0.15455 (previous candle close swing high) however if BTC continures to go up i expect further up side to 0.167 or so
Follow me on Twitter :) im just rebooting this account after sometime
Cronos longCronos broke trough the resistance level. Asset broke trough the descending trendline. Bullish movement to resistance level at 0.1743 is possible.
