ETF rejected (not confirmed data)
Watch out. Wild waters for the next few hours.
Watch out. Wild waters for the next few hours.
On the road update, our red zone was tested. And this is exciting. The ETF fud could only push the price down to the previous major support level. This is an explanation of strong fundamentals.
We have 18 to 25 days of the bull run before we might see a reversal. Multi-month bear market through early 2022.
For now, I'm patiently waiting and plan to sell close to the top and shift to GOLD.
Yes, GOLD. The inflation is wild and the world only knows one hedge. The yellow metal. Expected growth of around 20% in the coming year.
We have 18 to 25 days of the bull run before we might see a reversal. Multi-month bear market through early 2022.
For now, I'm patiently waiting and plan to sell close to the top and shift to GOLD.
Yes, GOLD. The inflation is wild and the world only knows one hedge. The yellow metal. Expected growth of around 20% in the coming year.
No filter post
Here's the deal. I missed the short side of the trade. Acknowledging the mistake is the first step to correcting it. Price corrected 10% and would've made a juicy short. Now what?
The market is shaky. We need this weekly close to get a concrete idea of the direction. We're still above the critical 57,400 level and the bulls seem to slow down now. The fundamentals indicate we aren't at the top yet but I could be wrong.
I still hold my positions intact and see light at the end of the tunnel.
Here's the deal. I missed the short side of the trade. Acknowledging the mistake is the first step to correcting it. Price corrected 10% and would've made a juicy short. Now what?
The market is shaky. We need this weekly close to get a concrete idea of the direction. We're still above the critical 57,400 level and the bulls seem to slow down now. The fundamentals indicate we aren't at the top yet but I could be wrong.
I still hold my positions intact and see light at the end of the tunnel.
Okay, this is big news. India is one of the largest markets after America. But when we look at the bill, a blanket ban is unlikely. Considering the size and existing userbase, they are more likely to go the regulation route. Secondly, this only gets to the individual players in the market. The bill hasn't gotten through the floor yet. No ruling so far so breathe. Relax and watch it unfold.
$BTC / USDT
New temporary resistance levels built up. The market isn't going as per my plan. Probably delayed gratification wasn't a great idea at $67,000. We should've cashed out but again, I don't see many reasons to be bearish.
The USDINR panic caused some problems and created beautiful scalp trades. Now we've entered the stagnation zone for BTC. Small cap and metaverse projects continue to grow in our smaller allocations. We're in for the long game.
New temporary resistance levels built up. The market isn't going as per my plan. Probably delayed gratification wasn't a great idea at $67,000. We should've cashed out but again, I don't see many reasons to be bearish.
The USDINR panic caused some problems and created beautiful scalp trades. Now we've entered the stagnation zone for BTC. Small cap and metaverse projects continue to grow in our smaller allocations. We're in for the long game.
The market took a nosedive. And that's unfortunate. Part of the game. Don't lose your mind over it. Remember February 2021?
I'll tell you a little story. I a seasoned trader freaked myself in February after I didn't cut losses early on and suffered. Felt miserable but managed to bounce back and make up the losses in a month. Beware the market hadn't gotten to its previous peak yet.
Similarly, we're going to have these fluctuations but for now, the long term analysis has changed. A multi-year pattern has been broken. We are potentially seeing a reversal for some bears and that's completely healthy.
GOLD, the reason I started talking about it a few weeks ago is showing up now. All-time hedge asset will be strong.
I'll tell you a little story. I a seasoned trader freaked myself in February after I didn't cut losses early on and suffered. Felt miserable but managed to bounce back and make up the losses in a month. Beware the market hadn't gotten to its previous peak yet.
Similarly, we're going to have these fluctuations but for now, the long term analysis has changed. A multi-year pattern has been broken. We are potentially seeing a reversal for some bears and that's completely healthy.
GOLD, the reason I started talking about it a few weeks ago is showing up now. All-time hedge asset will be strong.
$BTC / USDT Update
This was long due. Hammered support and now we are here. Watching for the next 24 to 36 hours post which we could expect relief. Santa rally is on the cards for now.
PS: Finding it hard juggling multiple time consuming activities in my life, will get this channel and posting back on track now, Apologies :)
This was long due. Hammered support and now we are here. Watching for the next 24 to 36 hours post which we could expect relief. Santa rally is on the cards for now.
PS: Finding it hard juggling multiple time consuming activities in my life, will get this channel and posting back on track now, Apologies :)
$BTC / USDT
Starting of 2022 with an analysis. Time to get back in here and put out those fantastic numbers.
A rather surprising crash for new year and Christmas but we could see support near the green box. With Microstrategy buying more and more BTC, the price is expected to turn up for a new ath soon.
Starting of 2022 with an analysis. Time to get back in here and put out those fantastic numbers.
A rather surprising crash for new year and Christmas but we could see support near the green box. With Microstrategy buying more and more BTC, the price is expected to turn up for a new ath soon.
Prices moved up by around 5% and are now back to entry levels.
January is a fantastic month for DeFi and Ethereum based projects. Let them ride. Bitcoin dominance is expected to hammer lower.
Why is that?
Not much of new money is expect to flow in this month and the existing players can't satisfy their greed with Bitcoin's ranging price movements. They turn to altcoins. And the cycle goes on.
For BTC, I expect a run up but not strong enough to break all time high. Probably losing steam towards the $60,000 mark.
January is a fantastic month for DeFi and Ethereum based projects. Let them ride. Bitcoin dominance is expected to hammer lower.
Why is that?
Not much of new money is expect to flow in this month and the existing players can't satisfy their greed with Bitcoin's ranging price movements. They turn to altcoins. And the cycle goes on.
For BTC, I expect a run up but not strong enough to break all time high. Probably losing steam towards the $60,000 mark.
ZEBEC HAS BEEN LISTED ON CRYPTOCOM
Zebec $ZBC is now listed in the CryptoCom $CRO App. Users can now purchase $ZBC at true cost with $USD, $EUR, $GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the CryptoCom Visa Card.
👉 twitter.com/Cryptocom_Insto/status/15090
Zebec $ZBC is now listed in the CryptoCom $CRO App. Users can now purchase $ZBC at true cost with $USD, $EUR, $GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the CryptoCom Visa Card.
👉 twitter.com/Cryptocom_Insto/status/15090
Twitter
RayReadyRay
Getting some coffee. Maybe a couple hours of computer time.
🏅AND THE LAST FREE SIGNAL FOR TODAY:
#QI.USDT on Binance
1D
ENTRY: 0.057-0.063
SL: 0.049
TP1:0.069
TP2:0.074
TP3:0.081
TP4:0.088
TP5:0.094
#QI.USDT on Binance
1D
ENTRY: 0.057-0.063
SL: 0.049
TP1:0.069
TP2:0.074
TP3:0.081
TP4:0.088
TP5:0.094