So, I had posted another idea days ago but it was blocked by the moderators so you missed it. Double bummer: for the rules of TV and for the fact it turned out to be on point.
Let's focus on current situation:
- daily candle closed as inverted cross doji which means we're going down but after it was pretty clear even before it formed;
- current daily candle is crossing downward VLPR's control line
- FED postponed its actions against inflation and this should be good leave things as they are (in this case bearish).
The little rise of the prices of today was a relief in expectation of FED but now that FED has spoken we'll go back as I expect price to go below channel's lower's trendline (in blue) and test previous low.
What I'd do: <-- this is copied from previous idea which was blocked
1) I'd start moving fiat on exchanges and buy stable coins in order to be ready in case market wakes up; <-- this was in my idea 6 days ago, but market is giving you a second chance
2) #censored# <-- that's got me blocked last time
3) I wouldn't sell at loss anything
4) I'd focus on BTC as in this moment alts are just suffering because BTC is dumping (and don't forget even even stock market is dumping and now there's a correlation between it and crypto).
Bear market isn't over until it's over, in the meanwhile the wisest thing to do is to DCA what you like. I would advice you to buy mostly L1 and gems as the first hold better market dump and gems give you better returns in case of bull market. At current situation I'd avoid shorting if you're not very good at reading chart and I would avoid buying medium caps.
Good luck!
Let's focus on current situation:
- daily candle closed as inverted cross doji which means we're going down but after it was pretty clear even before it formed;
- current daily candle is crossing downward VLPR's control line
- FED postponed its actions against inflation and this should be good leave things as they are (in this case bearish).
The little rise of the prices of today was a relief in expectation of FED but now that FED has spoken we'll go back as I expect price to go below channel's lower's trendline (in blue) and test previous low.
What I'd do: <-- this is copied from previous idea which was blocked
1) I'd start moving fiat on exchanges and buy stable coins in order to be ready in case market wakes up; <-- this was in my idea 6 days ago, but market is giving you a second chance
2) #censored# <-- that's got me blocked last time
3) I wouldn't sell at loss anything
4) I'd focus on BTC as in this moment alts are just suffering because BTC is dumping (and don't forget even even stock market is dumping and now there's a correlation between it and crypto).
Bear market isn't over until it's over, in the meanwhile the wisest thing to do is to DCA what you like. I would advice you to buy mostly L1 and gems as the first hold better market dump and gems give you better returns in case of bull market. At current situation I'd avoid shorting if you're not very good at reading chart and I would avoid buying medium caps.
Good luck!
Note
Kee your eyes on this death cross candlestick in formation. There's still almost 12h until the day is over but if this closes like that tomorrow BTC will go down
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.