Instead use some simple and easy to understand rules to figure out the most likely area for interim local bottom
Thread 🧵
Share it if you like it
In order to identify potential bottom, you need to use Relative Strength Index & Moving Average Indicators
If you are new & not familiar with RSI & MA check some training videos on YouTube
If you are familiar with Technical Analysis follow these steps
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Jan 22, 2022 • 11 tweets • 3 min read
Oversold Conditions
The entire market is oversold across all major timeframes. That doesn’t mean we will do a V shape recovery
At best we will get 23.6 / 38.2 FIB bounce for some of the major coins and potential 61.8 / 78.6 for trending coins from past few weeks
Thread 🧵
How to spot reversals and how to profit in current market conditions ?
There are two types of coins with two different behaviors
Coins that were trending up and pumping hard before this entire dump saga began & coins that were going sideways / down trending
…..3
Jan 20, 2022 • 12 tweets • 6 min read
TA vs FA
Technical Analysis vs Fundamental Analysis
TA works 90% of the times, FA works many times but when FA works, TA takes a backseat
Don’t blindly use TA during times of major economic events & catalysts from other co-related markets
Thread 🧵
It’s wise not to use TA during the black swan events or during uncertain emotional events
Wait for that event to pass & TA will eventually takeover price action
Global stocks are dumping hard with Nasdaq $NQ leading the pack. For now $BTC is closely correlated with #Nasdaq
..3
Jan 19, 2022 • 8 tweets • 3 min read
Free Alpha
Do yourself a favor and add OBV indicator on your charts. Now add 20 & 200 MA on top of OBV indicator
Add an indicator on top of an indicator. Now you can spot price vs OBV divergences easily
Read this thread for more…..
Now watch H1 for short term reversals and H4 & Daily for mid term reversals
Works best after huge pumps and dumps to find reversal clues
After a big dump, If OBV breaks above 20/200 MA & if 20 MA turns into support, expect local reversal
…..3
May 27, 2019 • 9 tweets • 6 min read
$BTC vs $USD pairs
How to play?
BTC Up-Trend = Play USD Pairs
BTC Down Trend = Play BTC Pairs
BTC sideways = Play Both
BTC indecisive = Be selective & be prepared to jump either ways on short notice
This is relevant if #Bitcoin Dominance is high & rising up
Thread / 2
If #Bitcoin dominance is diminishing & on its way down, we can play:
$BTC Up-Trend = Up-Trending ALTs with stronger trends than BTC can offer higher profits in USD terms. You get the benefit from BTC up trend + ALTs uptrend
Thread / 3
May 14, 2019 • 9 tweets • 4 min read
ALTs update
#USD paired ALTs are pumping, mostly thx to $BTC pump against #USD
$BTC paired ALTs continued to struggle but are showing bottoming process for last few days
Here is how to play ALTs:
Check the Thread /2
If you are into $BTC you may flip your #BTC position for ALTs for next few days if #Bitcoin struggles against key resistance & can’t post higher highs in next few days
Which ALTs to choose ?
2 setups
Trend Continuation
Trend Reversal
I prefer 1st one, let’s discuss both /3
Jan 31, 2019 • 6 tweets • 17 min read
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