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.
A very important area for ETH/BTC around 0.027.
There’s a big difference if ETH drops below this area or bounces off.
According to what happens this week, we’ll forecast our investing plan for ETH coins in relation to Bitcoin.
Looking good so far but I'm not that confident that this structure won't be broken that's why I'm waiting for some clear signs.
There’s a big difference if ETH drops below this area or bounces off.
According to what happens this week, we’ll forecast our investing plan for ETH coins in relation to Bitcoin.
Looking good so far but I'm not that confident that this structure won't be broken that's why I'm waiting for some clear signs.
Warning ⚠️
Be careful with your long positions on Bitcoin.
You currently have no safe place to stop loss placement.
When that happens, people start thinking I will put a little wider stop loss because Bitcoin is surely going up a little wider stop loss won’t hurt anyone.
WRONG!
That’s the time “smart money” risk some of their money to push the price down a little bit to trigger all these stop-loss orders and then we see something I forecasted in scenario 2.
I’m not saying Bitcoin will crash, it can also do something like in scenario 1 but we’re closer and closer to a bigger pullback because the volume is lower and lower and other indicators are saying the same thing.
Be careful!
If you missed the entire move, you can wait for some decent setup, don’t rush in now just because you feel angry for not making any profit so far.
Be careful with your long positions on Bitcoin.
You currently have no safe place to stop loss placement.
When that happens, people start thinking I will put a little wider stop loss because Bitcoin is surely going up a little wider stop loss won’t hurt anyone.
WRONG!
That’s the time “smart money” risk some of their money to push the price down a little bit to trigger all these stop-loss orders and then we see something I forecasted in scenario 2.
I’m not saying Bitcoin will crash, it can also do something like in scenario 1 but we’re closer and closer to a bigger pullback because the volume is lower and lower and other indicators are saying the same thing.
Be careful!
If you missed the entire move, you can wait for some decent setup, don’t rush in now just because you feel angry for not making any profit so far.
Crypto Signals via @vote
What comes first?
anonymous poll
ETH at $1000 – 246
👍👍👍👍👍👍👍 81%
XRP at $1 – 58
👍👍 19%
👥 304 people voted so far.
anonymous poll
ETH at $1000 – 246
👍👍👍👍👍👍👍 81%
XRP at $1 – 58
👍👍 19%
👥 304 people voted so far.
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For more info, message @CryptoSignalsAdmin.
If you ever wanted to join and try our Premium service, this is the moment you were waiting for.
You get a trading guide written by me with my tips and strategy I use for trading. You also get all trades I trade and prepare for.
For more info, message @CryptoSignalsAdmin.
Using trend lines to predict the top or bottom used to be a great strategy in the past for me.
Usually, after 3 trend lines, the trend is over but in this example, we have 4.
When will you know that the current trend is over (at least for some time)?
The trend is over once the price drops below the last trendline. In our example, that’s the trendline number 4.
Once that happens, you avoid buying too fast because you got a really good indication that more serious retracement is coming.
In this example, if that happens, we could easily see a price between $14-15k
This will work only we see close below the trendline.
It may seem complicated but this worked many times before and saved me from buying too fast because of FOMO.
Usually, after 3 trend lines, the trend is over but in this example, we have 4.
When will you know that the current trend is over (at least for some time)?
The trend is over once the price drops below the last trendline. In our example, that’s the trendline number 4.
Once that happens, you avoid buying too fast because you got a really good indication that more serious retracement is coming.
In this example, if that happens, we could easily see a price between $14-15k
This will work only we see close below the trendline.
It may seem complicated but this worked many times before and saved me from buying too fast because of FOMO.
Bitcoin market cap hit the all-time high (329 Billion USD)!
How is that possible when the price is not at the all-time high?
To get a market cap, you multiply supply with the current price.
Even though the price is not yet at the all-time high, the supply increased enough so the whole market cap is greater than it was at the peak back in 2017.
How is that possible when the price is not at the all-time high?
To get a market cap, you multiply supply with the current price.
Even though the price is not yet at the all-time high, the supply increased enough so the whole market cap is greater than it was at the peak back in 2017.