Bitcoin Fear & Greed Index
I see many people using this and making wrong assumptions.
This index is not used for you to time your entry and exits.
When it’s too high like it’s right now, it doesn’t mean sell your coins, it actually means this is not the best moment for buying cause there should be a better moment sooner or later.
Same worth when it’s too low. At that moment, you should use it as a sign that you should probably wait a little bit for selling because there should be some kind of correction and you will have an opportunity for a higher exit.
Don’t put random things like this Fear & Greed Index in your analysis just as a tool to justify your trading/investing decisions…
Winning an argument is nothing if you will lose money because of being too egoistic and not wanting to accept the other side of the story.
I see many people using this and making wrong assumptions.
This index is not used for you to time your entry and exits.
When it’s too high like it’s right now, it doesn’t mean sell your coins, it actually means this is not the best moment for buying cause there should be a better moment sooner or later.
Same worth when it’s too low. At that moment, you should use it as a sign that you should probably wait a little bit for selling because there should be some kind of correction and you will have an opportunity for a higher exit.
Don’t put random things like this Fear & Greed Index in your analysis just as a tool to justify your trading/investing decisions…
Winning an argument is nothing if you will lose money because of being too egoistic and not wanting to accept the other side of the story.
S&P 500 has just reached a new all-time high.
In all the chaos around the election, the most popular US index fund is reaching a new all-time high.
If I can state my opinion, I don’t see this as an indicator of a strong economy.
IMO, this is a clear sign of the weakness behind the US dollar and very likely new money that’s going to be printed to support the economy.
The second reason for this is that huge tech conglomerates are getting bigger and bigger market share and becoming stronger and stronger.
Amazon, Apple, Microsoft are reaching the highest prices ever but it doesn’t mean the economy is strong.
It’s clear where the money is going and why rich people get even richer. u.
In all the chaos around the election, the most popular US index fund is reaching a new all-time high.
If I can state my opinion, I don’t see this as an indicator of a strong economy.
IMO, this is a clear sign of the weakness behind the US dollar and very likely new money that’s going to be printed to support the economy.
The second reason for this is that huge tech conglomerates are getting bigger and bigger market share and becoming stronger and stronger.
Amazon, Apple, Microsoft are reaching the highest prices ever but it doesn’t mean the economy is strong.
It’s clear where the money is going and why rich people get even richer. u.
Crypto Signals via @vote
Where Bitcoin is going next?
anonymous poll
$17 000 – 143
👍👍👍👍👍👍👍 56%
$12 000 – 112
👍👍👍👍👍 44%
👥 255 people voted so far.
anonymous poll
$17 000 – 143
👍👍👍👍👍👍👍 56%
$12 000 – 112
👍👍👍👍👍 44%
👥 255 people voted so far.
The discount on our Premium Channel is still active.
We just shared our next swing trade setup! Join now and trade with us!
You get trading signals I personally trade. Not only that you get entry, stop loss, and target points, you also get updates as the trade progresses so you know when to move to break even, when to partially book profit, etc…
Not only that, you get a trading guide written by me with my tips and strategy I personally use.
For more info, message @CryptoSignalsAdmin.
We just shared our next swing trade setup! Join now and trade with us!
You get trading signals I personally trade. Not only that you get entry, stop loss, and target points, you also get updates as the trade progresses so you know when to move to break even, when to partially book profit, etc…
Not only that, you get a trading guide written by me with my tips and strategy I personally use.
For more info, message @CryptoSignalsAdmin.
Forwarded from Crypto Signals Premium Channel
Ethereum had its highest weekly close since August 2018 and the red area is the weekly area that we expected to be tested.
It wasn’t fully tested but if we assume that market conditions are very bullish, we usually don’t get a full test.
Because of that, here’s our next trade setup on ETHUSD.
The target of $500 gives us a nice 1:3 risk-reward on this trade which is worth a try.
Good luck 🚀
I’ll keep you updated as this trade develops and progresses.
It wasn’t fully tested but if we assume that market conditions are very bullish, we usually don’t get a full test.
Because of that, here’s our next trade setup on ETHUSD.
The target of $500 gives us a nice 1:3 risk-reward on this trade which is worth a try.
Good luck 🚀
I’ll keep you updated as this trade develops and progresses.
You’re still not too late for this signal in the Premium Channel.
Good luck 🚀
Good luck 🚀
Crypto Signals via @vote
Do you want me to share more signals here in FREE channel?
anonymous poll
Yes! – 238
👍👍👍👍👍👍👍 94%
No! – 14
▫️ 6%
👥 252 people voted so far.
anonymous poll
Yes! – 238
👍👍👍👍👍👍👍 94%
No! – 14
▫️ 6%
👥 252 people voted so far.
Forwarded from Crypto Signals
The discount on our Premium Channel is still active.
We just shared our next swing trade setup! Join now and trade with us!
You get trading signals I personally trade. Not only that you get entry, stop loss, and target points, you also get updates as the trade progresses so you know when to move to break even, when to partially book profit, etc…
Not only that, you get a trading guide written by me with my tips and strategy I personally use.
For more info, message @CryptoSignalsAdmin.
We just shared our next swing trade setup! Join now and trade with us!
You get trading signals I personally trade. Not only that you get entry, stop loss, and target points, you also get updates as the trade progresses so you know when to move to break even, when to partially book profit, etc…
Not only that, you get a trading guide written by me with my tips and strategy I personally use.
For more info, message @CryptoSignalsAdmin.
VERY IMPORTANT ADVICE FOR ALL OF YOU
I see many people asking me if this coin X good to hold for 3-5 years.
Listen, guys, I’m a trader!
I can tell you if something is looking good at this point or not. I’m not trying to predict what will happen in 3-5 years.
Even if you do the deepest research you can do, nothing will be strong evidence that the coin is going to make it.
Especially because many of you fail to realize that 99% of altcoins are centralized. If there’s a company behind that coin, that company can face legal obstacles in a certain country that can endanger the existence of the entire project. And that’s only one potential problem they could be facing.
They can fail to realize the next update the market expected from them.
They can be doing everything they promised but get hacked and everything will disappear overnight.
So, no matter who says that a certain X coin is doing great, always be cautious.
Trading is different than investing.
I can give you advice for a short-term investment period (6-12 months) but that’s all I can do.
One more time, I’m a trader and I use my knowledge to forecast scenarios for upcoming days/weeks.
Because of all the obstacles a coin will be facing, I’m bearish on 99% coins in the long term.
No, I’m not pessimistic, I’m just playing simple math and telling you the percentage of the projects that actually make it!
Thanks for reading!
Share with those who need to read this as well!
I see many people asking me if this coin X good to hold for 3-5 years.
Listen, guys, I’m a trader!
I can tell you if something is looking good at this point or not. I’m not trying to predict what will happen in 3-5 years.
Even if you do the deepest research you can do, nothing will be strong evidence that the coin is going to make it.
Especially because many of you fail to realize that 99% of altcoins are centralized. If there’s a company behind that coin, that company can face legal obstacles in a certain country that can endanger the existence of the entire project. And that’s only one potential problem they could be facing.
They can fail to realize the next update the market expected from them.
They can be doing everything they promised but get hacked and everything will disappear overnight.
So, no matter who says that a certain X coin is doing great, always be cautious.
Trading is different than investing.
I can give you advice for a short-term investment period (6-12 months) but that’s all I can do.
One more time, I’m a trader and I use my knowledge to forecast scenarios for upcoming days/weeks.
Because of all the obstacles a coin will be facing, I’m bearish on 99% coins in the long term.
No, I’m not pessimistic, I’m just playing simple math and telling you the percentage of the projects that actually make it!
Thanks for reading!
Share with those who need to read this as well!
Bitcoin on the rise again 🚀
Looking technically it seems like we’re close to the final stage of the parabolic move but don’t even think of shorting it.
The final stage can be a wick to 17-18k easily and that would hurt your short position a lot…
Looking technically it seems like we’re close to the final stage of the parabolic move but don’t even think of shorting it.
The final stage can be a wick to 17-18k easily and that would hurt your short position a lot…
Buy Crypto with PayPal only if that’s your last option!
Why?
Let me explain how it’s going to work.
You will give them your money to buy crypto for you and store it for you. You will never be able to withdraw crypto, all you will own is an agreement that they own and store a certain amount of crypto for you.
That’s even worse than buying and storing crypto on an exchange. Whatever law comes out tomorrow, you won’t be able to decide what to do with your crypto, Paypal will!
So, this is great news for crypto adoption, more people will hear about crypto but this is the worst possible way to start investing.
You have no control over your coins!
Share with your friends, let them know on time what’s actually happening and if they have any other way to buy crypto, they should choose that instead of PayPal!
Why?
Let me explain how it’s going to work.
You will give them your money to buy crypto for you and store it for you. You will never be able to withdraw crypto, all you will own is an agreement that they own and store a certain amount of crypto for you.
That’s even worse than buying and storing crypto on an exchange. Whatever law comes out tomorrow, you won’t be able to decide what to do with your crypto, Paypal will!
So, this is great news for crypto adoption, more people will hear about crypto but this is the worst possible way to start investing.
You have no control over your coins!
Share with your friends, let them know on time what’s actually happening and if they have any other way to buy crypto, they should choose that instead of PayPal!
No matter how many times I mention the Fear & Greed Index, I have to do it over and over again because I see many people using it for the wrong purpose.
If Bitcoin will repeat something similar to what we saw back in 2017, get used to seeing the Fear & Greed Index around 90.
Back in Q4 2017, it was normal.
Because of that, don’t base your strategy solely on this index. If you try to short the market just because this index is too high and shows extreme greed, you can be in big trouble.
If Bitcoin will repeat something similar to what we saw back in 2017, get used to seeing the Fear & Greed Index around 90.
Back in Q4 2017, it was normal.
Because of that, don’t base your strategy solely on this index. If you try to short the market just because this index is too high and shows extreme greed, you can be in big trouble.
Waiting for weekly close on ETH and BTC to forecast scenarios for a week ahead.
Ethereum is about to make consecutive close above resistance.
With this price action, I do expect to see a continuation to the upside targets next week.
Please have in mind that it’s possible to see one more test of the res area and that should be an entry opportunity for all of these who missed the long entry on ETH/USD this week.
I’ll keep you updated!
With this price action, I do expect to see a continuation to the upside targets next week.
Please have in mind that it’s possible to see one more test of the res area and that should be an entry opportunity for all of these who missed the long entry on ETH/USD this week.
I’ll keep you updated!
Bitcoin weekly closed just below the second highest weekly close in the history of Bitcoin.
It seems like it’s slowing down but the fact that it doesn’t retrace at all is still extremely bullish and we can still see the final phase of the parabolic move up.
Not enough reasons to be bearish and think of shorting.
It seems like it’s slowing down but the fact that it doesn’t retrace at all is still extremely bullish and we can still see the final phase of the parabolic move up.
Not enough reasons to be bearish and think of shorting.