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Walter - TREND RIDER Profile picture
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Jan 28 • 5 tweets • 2 min read
$ADA Max Bottom Identifier (MBI) update

This one looks interesting, current TR Sentiment levels are getting closer to the past March'20 crash.

We are already at medium fear (different calculation than "Fear and Greed Index") and deep into the blue zone.

So...
As $BTC still on a midterm downtrend and Alts are more risky during time, is all up to how much you believe in $ADA for the long run and its ability to recover.

If that is the case, then Medium Fear are very good levels to start DCA.
Prices can go lower of course, in that case we probably will go into extreme fear (purple sentiment), but the price does not last long on extreme levels.
By the way , how beautiful is our MBI :). Perfect rejection from blue downtrend upper limit. If you are a long term holdler/trader this system is probably all you need.
Want to be consistently updated and access our custom indicators? Join our Patreon
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patreon.com/Trendriders

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More from @WalterCripto

Walter - TREND RIDER Profile picture
Jan 29
Trend System (TS) update - $ATOM

Midterm Bullish

TR Supertrend Support: 27.20
TR Ribbon Resistance: 33.27

So far it has it has been a perfect ride using our Trend System.

What I am doing right now 🔽 Image
-I still hold a part of my initial $ATOM position (Took a lot of profits on the way following the TS process)

- I am adding a small position near TR Supertrend support with a tight Stop Loss just below it.
- As all the other 3 major trend indicators are bearish, I will close my midterm position if TR supertrend changes bearish too.

Not Financial advice.
Read 4 tweets
Walter - TREND RIDER Profile picture
Jan 28
Started to DCA into $NASDAQ

Why Now?

-Since August'08 we have only went from the ranging zone (yellow) to the downtred zone (blue) 4 times.

- Also, we had bounced 2 times from similar current levels in the past d without touching the blue zone.

More 🔽 Image
The four times we went below:

- 2008-2010: -44% from current level, 722 days to recover.
- 2016:- 8.5% from curent level, 46 days to recover.
-2018-2019: 13% from current levels, 62 days to recover.
- 2020: 13% from current level, 33 days to recover.
The two times we bounce:

- 2011: TR sentiment was from yellow to pink (neutral to medium fear)
-2015: TR sentimen was from yellow to red (neutral to low fear)

Right now we are at a yellow TR sent. (neutral)

(more about our MBI model in this thread)
Read 9 tweets
Walter - TREND RIDER Profile picture
Jan 28
Crypto Tracker Update - Larger list availate to Patrons.

Please have in mind that the "Possible actions" are just a guide on how to interprete all the signals. Use them to complement your own analysis, and decide accordingly❗

Timeframe: Midterm (days)

Poll below ⬇ Image
Do you find the Crypto Tracker useful?
About the Trend System (TS)
Read 6 tweets
Walter - TREND RIDER Profile picture
Jan 28
$LUNA Trend System (TS) Midterm update.

Currently Bearish

You know this one is one of my favorites, but closed what was left of my position completely , have to follow the process always.

What a ride it was! Looking forward... Image
The 41-45USD seems like a very possible resistance zone.

Our MBI indicates that $LUNA is on the raging zone (yellow zone), so volatility is expected.

Trend Sentiment is neutral, no fear yet. Image
Could we bounce tomorrow, of course! everything is possible, but I gotta follow the process consistently, no matter how I feel.

Not financial advice.
Read 4 tweets
Walter - TREND RIDER Profile picture
Jan 27
A VERY zoomed out look to the SPY (S&P500) trend. Using the Weekly timeframe.

Hope this helps to provide some perspective of where the market is right now.

Conclusions at the end.🔽🔽 Image
Facts:
- We continue on the uptrend channel.
- Uptrend Channel support at 417 USD
- Weekly sentiment is current neutral.
- Macro bottoms (best opportunities ever to buy) occur on the ranging or downtrend zone and when TR Sentiment is at medium-extreme fear.
Conclusion:

- Nothing to worry in the long term.
- DCA (buying a little every day) works great for the SPY index.
- If Macro bottom signals appear I would go all in.
Read 8 tweets
Walter - TREND RIDER Profile picture
Jan 27
$MATIC Trend System (TS) Midterm Update

Midterm Bearish, bullish short term momentum.

Labels explain the whole TS process here. Right now, only small positions with tight stop loss and aggressive profit taking until trend flips bullish again.

Bounce Resistance: 1.91 Image
Please note that trading when the midterm trend is bearish requires an advance level of trading and more time dedicated to watch for potential reversals.
For example if a blue dot appears / bearish divergence appears on the daily it will cancel out the short term bullish momentum.
Read 4 tweets

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