On a general note, if you want to explore TA a bit more yourself than just my updates:
Get a Tradingview account (free is fine for beginners) and add the 25, 50, 100, 200 moving average (the lines will show you the average value of the previous 25, 50 etc. candles and are watched by the majority or people)
Then watch these levels on the daily and weekly time frames. The higher, the more relevant the indicator is.
Testing from above: support, from below: resistance. Very simple and makes you 50% more succesful on TA already.
Get a Tradingview account (free is fine for beginners) and add the 25, 50, 100, 200 moving average (the lines will show you the average value of the previous 25, 50 etc. candles and are watched by the majority or people)
Then watch these levels on the daily and weekly time frames. The higher, the more relevant the indicator is.
Testing from above: support, from below: resistance. Very simple and makes you 50% more succesful on TA already.
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DiveInDefi
Adding to that: the 100D MA is significant and acts as resistance. We need to make sure to not consolidate too long here. The longer we are below, the more likely a further downtrend is. In the past a breakdown of a major MA indicator wasn‘t the end as…
This is exactly what I was talking about. Have seen this so many times with major moving averages like the 100 and 200:
It dips below, stays there one day, rekts all the noobs by them having weak hands and selling the bottom.
Then the price gets manipulated above again. This is exactly what you call a bear trap. (Same happens when you break a major resistance, stay a day above and then everyone buying the breakout get rekt. This would be a bull trap)
Long story short: this is very bullish here right now. When we stay above the 100D MA we can confirm this a bear trap and should go back to 64.8k, then 69k then ath.
Remember, each halving came with a dump before or right after: sell the news.
Tl;dr: looks good right here if we defend 60k
It dips below, stays there one day, rekts all the noobs by them having weak hands and selling the bottom.
Then the price gets manipulated above again. This is exactly what you call a bear trap. (Same happens when you break a major resistance, stay a day above and then everyone buying the breakout get rekt. This would be a bull trap)
Long story short: this is very bullish here right now. When we stay above the 100D MA we can confirm this a bear trap and should go back to 64.8k, then 69k then ath.
Remember, each halving came with a dump before or right after: sell the news.
Tl;dr: looks good right here if we defend 60k
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DiveInDefi
This is exactly what I was talking about. Have seen this so many times with major moving averages like the 100 and 200: It dips below, stays there one day, rekts all the noobs by them having weak hands and selling the bottom. Then the price gets manipulated…
Do I see an ABC on this correction?
Forwarded from Dennis
See an ABC meaning, D lower high, and E lower low still coming?
DiveInDefi
This is exactly what I was talking about. Have seen this so many times with major moving averages like the 100 and 200: It dips below, stays there one day, rekts all the noobs by them having weak hands and selling the bottom. Then the price gets manipulated…
Adding 63k as resistance to the other 2
DiveInDefi
Adding 63k as resistance to the other 2
Very possible we retest this lower box once more. I feel pretty good that we have bottomed for now on btc (next 2-3 weeks at least)
DiveInDefi
Adding 63k as resistance to the other 2
$BTC - We are working on this downtrend break.
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Once BTC starts going, it will be up quick.
But I think we have a couple more days/weeks to get bullish sentiment back going.
But I think we have a couple more days/weeks to get bullish sentiment back going.
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DiveInDefi
I put my money where my mouth is. Also bought more spot. Let us see. Not concerned about the spot buys
$DYM a little bit of a slow starter. It has seen down only for a long time. I believe once ppl get bullish it will see a god candle.
Added a tiny bit more on my $DYM long. This is why you should never go all in on leveraged longs, in case you need to add a bit more to protect your position.
I believe we can go up decent on it. After I have been fucked out of my $DOGE 20x long from 0.7, let me see how long I can stay in this $DYM position 🤝
Added a tiny bit more on my $DYM long. This is why you should never go all in on leveraged longs, in case you need to add a bit more to protect your position.
I believe we can go up decent on it. After I have been fucked out of my $DOGE 20x long from 0.7, let me see how long I can stay in this $DYM position 🤝
Altough BTC is hitting resistance soon, I think alts have a lot of ground to catch up. A weekend is perfect for that with a bullish close of BTC into the weekend
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Forwarded from CryptoCapo TG
Appreciate the support from everyone. Due to the volume of messages, I may not be able to reply to all, but I appreciate each one.
Taking the weekend off. More updates coming next week.
Taking the weekend off. More updates coming next week.
CryptoCapo TG
Appreciate the support from everyone. Due to the volume of messages, I may not be able to reply to all, but I appreciate each one. Taking the weekend off. More updates coming next week.
Look how happy Capo is.
He called a long, ppl aped and everyone is happy. Don‘t be a pearma bear. It sucks and is bad for your mental health.
Also we go up eventually anyways. Always. Any investment is a hedge against inflation the longer-term you look at it.
He called a long, ppl aped and everyone is happy. Don‘t be a pearma bear. It sucks and is bad for your mental health.
Also we go up eventually anyways. Always. Any investment is a hedge against inflation the longer-term you look at it.
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