On Monday it is expected for that day's session to trade within the Fridays range.
IF level 77,400 HOLDS then only buy stocks. Next Major support area is 74,000-72,000
For some short term plays: I always have limit orders placed at FVG's and ENA has just posted two big FVG's on the 4HR chart as it recovers from this weeks volatility. https://www.tradingview.com/x/VPwDTckl/ I'd be expecting these to be filled/touched at some point, with the 0.618 FIB also playing a role I think a reasonable buy would be at the ~1.0159 mark. If the price continues to rally to ~1.23 I may go short if OBV (yellow line is 14 EMA) indicates so. I have a limit order buy at this level but will need to confirm with OBV (I also have Stoch OBV, OBV RSI for confirmations not shown here). Why this may be not happen? A very strong project with great potential to reach new all time highs. Price could easily keep running based on its fundamentals alone. A long term perspective: I've got take profit targets at 1.73, 1.97, 2.67, 3.81 and 4.94 for my long term positions.
The Altcoins are great now and the market will resume growing for sure; it will recover much faster than expected. There is something enticing about buying when the market is going up. There is something that pulls us to buy more and more when prices are high up and moving further up. But the problem with buying when the market is already up is that it can turn red the next day. What about buying when the market is down? What about buying when the market is red? There is something that pushes away from the market when it is trading near support. Something feels off and we don't want to look at it but that is the best time to buy-up, buy-in, rebuy and reload. The best time is now focused on all terms. Short-term, mid-term and long-term. Did you buy when prices were moving up, out of an impulse? Yes, it grows but it doesn't grow enough for us to sell. Buying when the market is down, near support, opens the door for great profits on the way up. The best time to buy is when prices are low. The best time to buy is when prices are red. Whatever strategy you are using, the time is now. See the Altcoins market, which one is your favorite pair? They will start within days, weeks or months; it can be a few days or it can be more; but the Altcoins market is going up. Since it is going to grow, it is wise to buy when prices are low. This is a friendly reminder. I am wishing you the best. Thanks a lot for your continued support. Thank you for reading. Your time and energy is appreciated. Namaste.
In this video we use the Tradingview Logarithmic chart and some simple High-to-High and Low-to-Low angle to speculate on where and when Bitcoin INDEX:BTCUSD may hit its Halvening cycle high and low.
Is two months a long time? Just two months and the market will be booming again... This is great. Good evening my fellow Cryptocurrency trader, the market is preparing itself to show us something great. The next bullish wave is not already here but it is in the making. It will take two months. We get the correction low followed by one last shakeout, which can end as a lower low for some pairs or a higher low for some others, and then we see growth. The drop is already in. The correction is already in but it takes time for the next bull-market wave to unravel. It can take two months. This is great because it gives us time to prepare. We have enough time to make the right choices and prepare a plan. We have a preview with the previous bullish wave. We can analyze what we did right and what we did wrong so that we can do better in the next phase. We get a new low and some consolidation, then prices start to grow. At first, this growth seems slow but surely after two months everything speeds up. Some pairs will be breaking up strong while some others will remain at the bottom, when three months are in, after reading this, we can see marketwide bullish action. The upsurge starts but it can take weeks and sometimes months to reach the last high for those that produced a strong correction. After the last high is hit, a new bullish marketwide bullish phase starts. Everything will grow but not everything will grow. Everything is growing but not everything is growing. The market is growing but choosing wisely is the most important decision we have to make. Both choosing and the right mindset. You can choose a pair that is going to grow 800% but it does so after 8 months. Imagine holding the pair for 6 months and then giving up. The choice was right but the mindset was wrong. This can happen. To avoid this type of situation we plan long-term and use diversification. Instead of putting 100% into a single pair we do 5% on 20 different pairs, or 10% on 10 different pairs. 10% of the whole capital can go for high risk trading, while 70% can go for long-term hold spot. The remaining 20% can be "cash" for in-the-moment opportunities... Just some examples, remember, we have to adapt to our lifestyle and goals. How I approach the market and what works for me might not work for you. We cannot jump in blank, we have to know what we want to get from the market before-hand. Even just thinking of how long are you ready to wait can make a difference vs going in blindly because we see strong growth on a pair. Set it and forget. Think of the previous bullish wave. Those that earned the most were those that bought in August and September 2024. Those buying in November and December, some earned just a little and some even ended with a loss. Patience is key. Timing is important. Thanks a lot for your continued support. Namaste.
The market has confirmed a downtrend market structure on the 4-hour timeframe and is currently heading towards my first resistance level which could potentially sell the market. I will await further entry confirmation/confluence when the market opens again.
Ascending wedge of this run up. Watching for breaks and retest of ranges. GL!
After a sharp drop, it seems a head and shoulder pattern is forming. Seems there is bullish divergence on the MACD as well. Will we pull back to 100k tonight?
Even though MATIC broke out of its parallel structure, it failed to Choc (change of character) It's struggling around its previous high. Hopefully, price just needs to retest the structure.