Are the bad days of crypto coming to an end? List good cryptos
Almost 11 months ago, I suggested that if you haven't left the market yet, it's time to sell your cryptos. Some of my colleagues thought I was crazy, but some who were more experienced had realized the reality even earlier than me. "WE WERE IN EUPHORIA STAGE" As if crypto traders were drunk.
With sincere thanks to @LewisGlasgow
According to the idea I've published on tradingview.com I've sold my holding gradually and start to take more short positions than long ones!
Now I believe we are around dip of the market! We have seen effect of halving before, I think it is going to work well for crypto holders in around 2 years.
The only bad news is war! China threatens Taiwan! Islamic republic may attack Persian Gulf neighboring nations and the most important one is Putin invasion of Ukraine. I wish peace for the world and I also wish people stop crazy dictators soon but unfortunately this war seems to be continued.
The other good sign is last super bearish week of BTC! Yeah you may be surprised but it's almost a good sign! Of course, this phenomenon is so rare that it cannot be a decision reference for the market, but it can help us to be more confident if we have the stronger reason to buy (Halving) .
Just before 2019 and in early weeks of 2020 two super bearish weekly candles was observed under moving averages of 20 and 100! in those candles we see a net bearish move that was bigger than 1.5 times of AHL (20). by AHL (20) I meant average high-low of the last 20 weeks.
We see a great bullish move after that!
Those weeks were definitely dip of the market and traders never see the price like that till now!
Right now! there are again a super bearish candle! It seems BTC like to take the last steps bigger.
If market is going to be bullish, which cryptocurrencies do you recommend for hold? please comment.
What do you think about these 6 ones!
LEO
XCN
TWT
OKB
BNX
GMX
My suggestion is to start buying slowly, even if this scenario is true, the process of starting to climb may take up to a year.
Also, don't forget that this is not a trading proposal and don't forget capital management and risk management. Only amateurs speak with 100 percent confidence in the market and there is always a possibility of failure of an idea.
With sincere thanks to @LewisGlasgow
According to the idea I've published on tradingview.com I've sold my holding gradually and start to take more short positions than long ones!
Now I believe we are around dip of the market! We have seen effect of halving before, I think it is going to work well for crypto holders in around 2 years.
The only bad news is war! China threatens Taiwan! Islamic republic may attack Persian Gulf neighboring nations and the most important one is Putin invasion of Ukraine. I wish peace for the world and I also wish people stop crazy dictators soon but unfortunately this war seems to be continued.
The other good sign is last super bearish week of BTC! Yeah you may be surprised but it's almost a good sign! Of course, this phenomenon is so rare that it cannot be a decision reference for the market, but it can help us to be more confident if we have the stronger reason to buy (Halving) .
Just before 2019 and in early weeks of 2020 two super bearish weekly candles was observed under moving averages of 20 and 100! in those candles we see a net bearish move that was bigger than 1.5 times of AHL (20). by AHL (20) I meant average high-low of the last 20 weeks.
We see a great bullish move after that!
Those weeks were definitely dip of the market and traders never see the price like that till now!
Right now! there are again a super bearish candle! It seems BTC like to take the last steps bigger.
If market is going to be bullish, which cryptocurrencies do you recommend for hold? please comment.
What do you think about these 6 ones!
LEO
XCN
TWT
OKB
BNX
GMX
My suggestion is to start buying slowly, even if this scenario is true, the process of starting to climb may take up to a year.
Also, don't forget that this is not a trading proposal and don't forget capital management and risk management. Only amateurs speak with 100 percent confidence in the market and there is always a possibility of failure of an idea.
OKB
TWT