After yesterday’s madness in the market, we’re seeing some kind of consolidation but don’t expect it to last because we’re coming closer to the trendline and reaction to that area is expected.
Currently, I’m unbiased, giving the same chance to either side of the market.
It’s Friday and the time that is coming I usually take for scalping because I want to wait for weekly close to get the direction for the weak ahead.
Currently, I’m unbiased, giving the same chance to either side of the market.
It’s Friday and the time that is coming I usually take for scalping because I want to wait for weekly close to get the direction for the weak ahead.
Crypto Signals via @vote
What’s your opinion on the market?
anonymous poll
I’m bullish – 218
👍👍👍👍👍👍👍 56%
I’m bearish – 96
👍👍👍 25%
I’m neutral – 72
👍👍 19%
👥 386 people voted so far.
anonymous poll
I’m bullish – 218
👍👍👍👍👍👍👍 56%
I’m bearish – 96
👍👍👍 25%
I’m neutral – 72
👍👍 19%
👥 386 people voted so far.
Crypto Signals via @vote
What’s your opinion on the market? anonymous poll I’m bullish – 218 👍👍👍👍👍👍👍 56% I’m bearish – 96 👍👍👍 25% I’m neutral – 72 👍👍 19% 👥 386 people voted so far.
It’s obvious that you’re guys bullish on the current market situation.
I should be cautious posting neutral or bearish scenario 😜
Jk, I’ll share whatever I think, be it bullish or bearish.
It’s weekend and all my focus towards the weekly close to get that direction for the week ahead.
I should be cautious posting neutral or bearish scenario 😜
Jk, I’ll share whatever I think, be it bullish or bearish.
It’s weekend and all my focus towards the weekly close to get that direction for the week ahead.
As of the data we have now, the funding will stay low for next 2 fundings at least (next 16 hours).
It’s a very important sign because if that’s going to keep price low, it’s going to cause daily closure to be bearish which can cause further correction approaching weekly closure.
This could set the direction for the week ahead.
It’s a very important sign because if that’s going to keep price low, it’s going to cause daily closure to be bearish which can cause further correction approaching weekly closure.
This could set the direction for the week ahead.
This is what drives the market.
This tells us all about the market and current sentiment, buyers, sellers.
These are the causes for everything that happens.
By learning this, you’ll be able to forecast scenarios in the future and you’ll always be pointing in the future event.
On the other side, people are still using the old method of analysing by looking into the past and what happened there.
It helps but that’s analysing the outcome, not looking for the cause of that outcome.
Soon I’m going to release something that will change the way you see the market. 😉
This tells us all about the market and current sentiment, buyers, sellers.
These are the causes for everything that happens.
By learning this, you’ll be able to forecast scenarios in the future and you’ll always be pointing in the future event.
On the other side, people are still using the old method of analysing by looking into the past and what happened there.
It helps but that’s analysing the outcome, not looking for the cause of that outcome.
Soon I’m going to release something that will change the way you see the market. 😉
On this move up, Bitcoin dropped several times and every time it was bought up and price reached a new high.
When the market gets used to it, everyone starts buying dips ignoring predefining risk because “it should bounce again”.
Well, this is usually the beginning of the deeper market correction because there’s going to be a lot of buyers who bought high.
I’m not saying it’s going to happen now but the longer we wait for that bounce, the more nervous those buyers will become and sell-off is most likely going to happen.
I called bounce off three times in the past 7 days.
This time, I’m not going to do it.
The main reason is that this time, the important area has been broken comparing to the previous cases when we dropped into an area where we could “afford” it.
Let’s wait for today’s daily closure and once we get it, I’ll update you.
When the market gets used to it, everyone starts buying dips ignoring predefining risk because “it should bounce again”.
Well, this is usually the beginning of the deeper market correction because there’s going to be a lot of buyers who bought high.
I’m not saying it’s going to happen now but the longer we wait for that bounce, the more nervous those buyers will become and sell-off is most likely going to happen.
I called bounce off three times in the past 7 days.
This time, I’m not going to do it.
The main reason is that this time, the important area has been broken comparing to the previous cases when we dropped into an area where we could “afford” it.
Let’s wait for today’s daily closure and once we get it, I’ll update you.
Altcoins are still, on average, 70-85% down from their all-time price and this index is at its all-time high.
Don’t you see something weird here?
We need to see 500-700% gains just to get to break even on major alts (on smaller ones it’s even bigger gain required) but the bullish sentiment is already at the all-time high?!
Sorry but seems very unlikely to even come close to previous all-time highs (in BTC value because in USD, it's possible if Bitcoin goes up).
For those whe don’t get my math with , here’s simple explaination.
Let’s imagine you have $100.
If you lose 80% of it, you’ll have $20.
To get back to $100, you need gain of 500% on those $20.
Don’t you see something weird here?
We need to see 500-700% gains just to get to break even on major alts (on smaller ones it’s even bigger gain required) but the bullish sentiment is already at the all-time high?!
Sorry but seems very unlikely to even come close to previous all-time highs (in BTC value because in USD, it's possible if Bitcoin goes up).
For those whe don’t get my math with , here’s simple explaination.
Let’s imagine you have $100.
If you lose 80% of it, you’ll have $20.
To get back to $100, you need gain of 500% on those $20.
ETH at last resistance before exceeding 2019’s high.
Back to long term perspective from intraday trading, here’s a very strong trend in ETHUSD.
Rejection from this area on the first test is expected but in my opinion, it won’t take too much until we see this area being broken.
Most likely before halving, we’ll see ETH above 2019’s high.
Back to long term perspective from intraday trading, here’s a very strong trend in ETHUSD.
Rejection from this area on the first test is expected but in my opinion, it won’t take too much until we see this area being broken.
Most likely before halving, we’ll see ETH above 2019’s high.
Funding is increasing on some pairs again so we can get move up into this area but I’m still not bullish on Bitcoin.
That increase in funding can just cause that test of the resistance before going lower.
It’s Sunday so we’re going to see weekly closure in 10 hours and that’s what I’m looking for before creating my bias for the week ahead.
Have a wonderful day!
That increase in funding can just cause that test of the resistance before going lower.
It’s Sunday so we’re going to see weekly closure in 10 hours and that’s what I’m looking for before creating my bias for the week ahead.
Have a wonderful day!
Forwarded from Crypto Signals
On this move up, Bitcoin dropped several times and every time it was bought up and price reached a new high.
When the market gets used to it, everyone starts buying dips ignoring predefining risk because “it should bounce again”.
Well, this is usually the beginning of the deeper market correction because there’s going to be a lot of buyers who bought high.
I’m not saying it’s going to happen now but the longer we wait for that bounce, the more nervous those buyers will become and sell-off is most likely going to happen.
I called bounce off three times in the past 7 days.
This time, I’m not going to do it.
The main reason is that this time, the important area has been broken comparing to the previous cases when we dropped into an area where we could “afford” it.
Let’s wait for today’s daily closure and once we get it, I’ll update you.
When the market gets used to it, everyone starts buying dips ignoring predefining risk because “it should bounce again”.
Well, this is usually the beginning of the deeper market correction because there’s going to be a lot of buyers who bought high.
I’m not saying it’s going to happen now but the longer we wait for that bounce, the more nervous those buyers will become and sell-off is most likely going to happen.
I called bounce off three times in the past 7 days.
This time, I’m not going to do it.
The main reason is that this time, the important area has been broken comparing to the previous cases when we dropped into an area where we could “afford” it.
Let’s wait for today’s daily closure and once we get it, I’ll update you.
I’ll just repost this one more time.
If you read that again, you’ll see that’s what is actually happening right now in the market.
Big sell-off because of those who bought that dip in anticipation of move up.
If you read that again, you’ll see that’s what is actually happening right now in the market.
Big sell-off because of those who bought that dip in anticipation of move up.
Here’s an example in ETHUSD chart that’s the best representation of that.
It was bought up every time but yesterday’s dip was just the first wave of the bigger market sell-off.
Once impatient buyers are out, nothing stops ETHUSD from going up again but it was essential that we catch the majority on the wrong side and shake them out of the market.
That’s how trading works.
It’s a zero-sum game.
Someone has to lose for you to win. 🤷♂️
It was bought up every time but yesterday’s dip was just the first wave of the bigger market sell-off.
Once impatient buyers are out, nothing stops ETHUSD from going up again but it was essential that we catch the majority on the wrong side and shake them out of the market.
That’s how trading works.
It’s a zero-sum game.
Someone has to lose for you to win. 🤷♂️
This is not manipulation for those that will try to point finger on the market and try to shift responsibility from themselves.
Too many opened longs = too many stop loss and liquidation orders to be filled.
It’s math and you need to accept it.
That’s why I am closing longs in most cases too early because I don’t want to be one of those that will be liquidated or stopped out with big slippage.
It’s psychological hard to see your trade going deeper in profit and you may catch those feelings that you’re keeping profit on table but once you clear those doubts in your head that it’s impossible to buy the ultimate bottom and sell ultimate top, you’ll understand that you’re always going to leave some profit on table and that’s okay.
Too many opened longs = too many stop loss and liquidation orders to be filled.
It’s math and you need to accept it.
That’s why I am closing longs in most cases too early because I don’t want to be one of those that will be liquidated or stopped out with big slippage.
It’s psychological hard to see your trade going deeper in profit and you may catch those feelings that you’re keeping profit on table but once you clear those doubts in your head that it’s impossible to buy the ultimate bottom and sell ultimate top, you’ll understand that you’re always going to leave some profit on table and that’s okay.
Crypto Signals
What if multi-year support turns into resistance and sends ETHBTC crossing to new lows? Just to mention, this is not a prediction or trade setup I’m going to trade. This is just to bring in perspective what could happen because once people see 50% move up…
If it’s manipulation, why we have an almost perfect retest of previous resistance in the market that got broken recently?
Coincidence?
😜
Btw, I’m changing my opinion on ETHBTC from neutral/bearish to bullish if we remain close above this level.
This also aligns with the ETHUSD pair.
Coincidence?
😜
Btw, I’m changing my opinion on ETHBTC from neutral/bearish to bullish if we remain close above this level.
This also aligns with the ETHUSD pair.
If you’re enjoying my work, send me dm to @CryptoSignalsAdmin.
I really like hearing positive feedback 😜
P.S. If you have some questions, feel free to send them as well.
I really like hearing positive feedback 😜
P.S. If you have some questions, feel free to send them as well.