Ouch, Matic testing the S/R zone on the daily. Still looking OK on the weekly.
Monitoring the Crypto Bubble
- Thread starter Bullion Baron
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What was your plan for Matic? A short or long term thing?
No time frame more of a price thing.
Sell zone is $1.60 - $2.26, I'll sell a % (maybe initial capital) then let the rest run keeping an eye on S/R zones up to the ATH of $2.90 to offload the remainder.
@JohnnyBravo300 on the daily I've identified some S/R zones I'll be watching with interest, note that the top of the 1.65 - 185 one corresponds approximately with a crude neckline of a H&S.
Looks like one forming in btc but too early to tell. Wouldnt be a huge deal anyway.
An Elliott Wave reading of Matic. I like this guy's work Lot's of clear logic, little emotion. In this case he has more difficulty than he normally does providing a rock solid pattern. I'm currently seeing, as per his videos, great upcoming buying opportunities in Harmony, Gala, Cronos, Dogecoin and Jasmy after they bottom
The pesky $ going up doesn't want to cooperate for risk assets haha.
Its always something.
Its always something.
Thanks Davros, I usually don't follow any Elliot Wave analysis but found the video interesting nonetheless. I had a listen to his ETH one because it's price action in the face of the past few day's drop in the market was interesting and it's one of the coins I'm watching to jump back on when the price rises a bit.
As far as the other coins you mentioned none of them are on my buy list - and not likely to be. I don't know much about ONE, never heard about Gala or Jasmy before, won't touch Cronos because it's a crypto.com project and the DOGE price is too influenced by EV CEOs for my liking. But good luck if you venture into those projects as they're likely to be highly volatile, which is what you want in order to make $$.
Matic put in a red candle on the weekly as I entered a trade. 
Still hovering in the S/R zone so I haven't pulled the pin on it yet and swallowed my losses. I thought it had tested that zone around early Feb and confirmed a breakout, short-lived by the looks of it.
Still hovering in the S/R zone so I haven't pulled the pin on it yet and swallowed my losses. I thought it had tested that zone around early Feb and confirmed a breakout, short-lived by the looks of it.
Looks like a good buy zone at 95 to 100 cents or thereabouts in that channel if it gets there.
And if it doesnt keep dropping like they so often do!
It will break the current channel at some point and what goes up will come down.
And if it doesnt keep dropping like they so often do!
It will break the current channel at some point and what goes up will come down.
Algos cannibalising each other.
Thats about the funkiest looking h and s on btc but i guess its official haha.
See you all down the hill around 20k or less?
See you all down the hill around 20k or less?
Time frame?
Your guess is as good as anyone's, no way to know and too many factors to consider.
It might have already made the drop or most of it now down to 21k almost.
17 or 18k target?
It might have already made the drop or most of it now down to 21k almost.
17 or 18k target?
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There's a time and place for volatility.
In the crypto market is good.
On the streets is bad
In the crypto market is good.
On the streets is bad
Yeah a flatline would make it difficult. We need the big swings.
The crypto whales-driven dead cat bounce seems to have come to a screeching halt, as the plebs are too busy trying to survive the high mortgage, rent, and
food prices to worry about bidding the craptos higher - who would have thought
food prices to worry about bidding the craptos higher - who would have thought
The crypto whales-driven dead cat bounce seems to have come to a screeching halt, as the plebs are too busy trying to survive the high mortgage, rent, and
food prices to worry about bidding the craptos higher - who would have thought
Is it even a dead cat bounce? AFAIK a dead cat bounce occurs in a bear market, I think we've put the bear market behind us.