Heading out for a short vacation, see you after a few days. If anything urgent comes up or there's a crucial market update, I'll find time to drop a post always.
✈️🏖
bitcoin:native
$BTC Update.
We've still got 3.5 days left for the weekly candle close. I'm expecting it to close right above my trendline, but if it fails, keep in mind BTC is sitting right near channel support around 60k–63k. A weekly close below 60k confirms a bearish continuation and could easily trigger another leg down.
Listen up, everyone. If you are a trader operating on low leverage, make it a habit to book small targets. If you are an investor, buy a coin in spot, hold it for at least 1 month, and whenever it gets close to a 2x, take out your initial investment,
Geopolitical bad news, and market manipulation every other day. Don't blow up your capital chasing huge targets in this environment.
No, I don't think a 2008 style crash is coming. That was a banking crisis. Right now it's just that stocks have gotten very expensive. So a 15-20% pullback is possible, but not a full collapse.
On SPCX, it'll probably pop on day one, but big IPOs like this often drop back within a few weeks. So don't chase the open. Use a pullback order, not a market order.
@chartexpt Are you expecting a 2008 style crash soon? Nasdaq 100 and many stocks are just going nuts, I mean vertical.
What do you expect from SPCX on the first day/week of trading?
@medify5magic Do your own research. I can't be right every single time. My chart analysis just missed on a few coins, so I skipped them, that's my rule.
Chart idea $JUP.
Don't follow blindly.
⚠️ EDUCATIONAL DISCLAIMER- This chart and pattern study is shared solely for learning technical analysis concepts and visual understanding. This is NOT a trading recommendation, NOT financial advice, and NOT an investment signal.
Please do your own research. Cryptocurrencies are highly volatile and risky.
Yesterday, I posted $Genius, $Aztec, and $C, all of them performed amazingly.
Yet, people are still complaining to me.
Not a single chart idea of mine failed, no matter how much the market dumped.
$GENIUS Technical Analysis Study and chart Pattern Case Study..
Maybe a genius reversal from this yellow support line, who knows 🤷♂️
⚠️ EDUCATIONAL DISCLAIMER- This chart and pattern study is shared solely for learning technical analysis concepts and visual understanding. This is NOT a trading recommendation, NOT financial advice, and NOT an investment signal.
Please do your own research. Cryptocurrencies are highly volatile and risky.