No setup comes from these comparisons. That $ETH is worth about 38 times $ADA may be an attractive headline, but it is not useful for trading. I'm looking for clear structure and retracement on the chart, not asset value comparisons.
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This week's drop of $ETH below $2300 has sent the market looking for a bottom again. Guessing the turning point is not my business. My setup needs confirmation; If a buyer comes in and the levels stabilize, I'll go along, otherwise there's no point in catching a falling knife.
The growth of the price of coins and the better performance of $XMR and $ZEC compared to $BTC this week alone does not make a trading setup. Whether this process continues or not is the question of the media. I do not trade based on headlines; Until the chart shows a valid struct… Show more
The issue of the public offering of shares and the valuation of about 50 billion dollars of Ripple is not the basis of the trade. For $XRP it's about maintaining price ranges and confirming liquidity, not headlines about the possibility of an IPO helping.
It was no surprise for Bitcoin to miss the $80,000 level again. The headlines write about the possibility of touching $77,600 as the next target, but it is not my job to guess the target. I'm just watching until the price makes a proper structure and a clear reversal limit.
The strategy's posting of an $8.3 billion loss on Bitcoin last quarter is more of a corporate accounting game than anything of practical use. Speculating about Q3 earnings doesn't give me a trading setup either. For $BTC I'm waiting for structure formation and price reaction to l… Show more
The plans of the transitional government of Ahmed al-Shora to rebuild Syria's energy sector after more than a decade of conflict are a long-term story. For now, it has no effect on the liquidity and current trading levels of the energy market, and I do not give it any weight.
Selling pressure is heavy on $ARB. Registering a 4-week floor in a situation where its fall was more than Bitcoin and Ethereum, only shows the weakness of the structure. I won't buy this bottom until the chart shows a clear reaction and a reversal limit.
I do not attach any importance to these legal aspects. Argentina closes criminal case against President Milli over crashed memecoin $LIBRA; The judge found that Miley's promotion of the token, despite drawing attention to it, did not constitute fraud. An acquittal in court does n… Show more
The biggest outflow of $ETH in the last 4 months coincided with the loss of ETFs in October exceeding $1 billion. I will not trade until the price stabilizes on the support and the order flow is clear.
The overtaking of Tron's fee income from the sum of $ETH and $SOL and the planning of Ramtex for 41 other fiat currencies has attracted a lot of attention. These figures are attractive for fundamentals, but they do not make trading setups for me. I will not enter a position witho… Show more
The 9% drop in $PEPE shifted the focus to support. I will not enter into the transaction until I get confirmation and see the cancellation limit.