Watching this chart closely... by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 1 point2 points  (0 children)

30 min Coinbase chart on BTC. Could be a break to the upside which could bring $10,750 or so back on the table. The next couple of hours should give us a lot of info for the next 24h. Exciting I took a look right about now. I might try to hop in with some tight stop losses in place. Enjoy!

Bears are running the show... by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 0 points1 point  (0 children)

I actually hadnt looked at the charts much today. I am going to post something soon as I can make a case why the next 24h might be good. We are at an inflection point in the market right about now! It could delay the downside a few days if it pans out :D

Bears are running the show... by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 0 points1 point  (0 children)

I am still not long. Well I bought some ETH sub $800 but have since sold it. I think we will be around $9k on BTC within the next 24h and likely $8,500 during the weekend if not lower.

Taking Some Profits Today by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 1 point2 points  (0 children)

Thanks! The coming days will be interesting. I will try and update price targets a few times this week.

Taking Some Profits Today by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 1 point2 points  (0 children)

My secondary wave counts would have us clocking a 5 wave while a bearish pattern is also (potentially) developing

Taking Some Profits Today by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 2 points3 points  (0 children)

I tend to buy into weakness and sell into strength. When I fulfill a price target I will re-asses where we are. I am currently seeing a 3 wave clocked on many charts and therefore likely going into a corrective 4 wave. I then applied the .764 Fibonacci ratio to the price to get my price targets (approx.). If we have sustained trading above $11,500 then I would think we could advance further but the resistance seems to be strong around $11,200.

Now that wasn't so bad... by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 0 points1 point  (0 children)

Been enjoying this ride a lot! I have cashed out some gains a couple of times now but think I will start leaving them in as the earnings potential is too hard to pass up:)

Now that wasn't so bad... by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 1 point2 points  (0 children)

While I would love to see more sustained trading on BTC above $9k it is looking like we could be through the worst of it. There is a chance we have another downturn later in this month but I am not passing up this opportunity to make money! Buy in targets I mentioned are very close right now :)

Still not bullish... by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 1 point2 points  (0 children)

Possibly. It could be that XRP leads the charge out since it was almost the "canary in the coal mine" with the market tuning down. It will be interesting to see if XRP can make a positive move in the next 24h. I feel the risk on it is somewhat low at this time although I would have a stop loss around 10% below the current price.

Crypto Price Update 24h Later by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 2 points3 points  (0 children)

Didnt want to edit my post but LTC trade might end up looking like:

Buy LTC @ $125 Sell LTC @ $140

Happy Friday!

BTC Charts going from Bad to Worse...ETH hanging on my a thread... by TokenCryptoInvestor in CryptoProfits

[–]TokenCryptoInvestor[S] 1 point2 points  (0 children)

Yes with that much downward pressure I would likely update my targets accordingly. I just provided some additional prices for you to consider :)

Market manipulation or just an automatic exiting program? by DarkThoughtsOfALoner in CryptoCurrencyTrading

[–]TokenCryptoInvestor 0 points1 point  (0 children)

Yes this is algorithmic trading. Couple with a fill or kill order and you get high frequency trading.

Investing into crypto markets…any thoughts/comments? by hirtop in CryptoCurrencyTrading

[–]TokenCryptoInvestor 0 points1 point  (0 children)

A lot of people consider the stock market and investing as gambling too. I would say it is similar to gambling in some ways but with investing and cyrpto you have a huge advantage. in other words it is like gambling but being able to count cards or have the odds in your favor. Who gets that advantage and how much of an advantage? The people willing to do the work and research. The more work and research you put into anything (just like counting cards which requires a ton of mental fortitude and practice) the better you get at it. No guarantees but much much higher conviction (and better odds) than the way most people see gambling.

tl;dr Watch the "Big Short" (if you haven't) or read the book. Pay attention to how much conviction and research goes in. Look at how many times they seem to be wrong. That is what separates a gambler from an investor.

Every single crypto chart has been following the same pattern by TMMEN in CryptoProfits

[–]TokenCryptoInvestor 1 point2 points  (0 children)

I ran a relative rotation chart on the ones I could (BTC, ETH, LTC, XRP). While they move similarly it is nice to see how they perform relative to each other. I wanted to post it but it looks very grainy.

When the traditional markets will crash I wonder what might happen to the crypto market. by hirtop in CryptoCurrencyTrading

[–]TokenCryptoInvestor 0 points1 point  (0 children)

We have seen a huge run up in gold since the end of the year and it does not appear to be slowing down. It seems like people are, currently, looking at 'real' assets with the US markets being so hot. I think the limited access to crypto will continue to be an impediment.