RobertD7723

RobertD7723

With last week behind us, week 22, hopefully next week will be a little more volatile. Last week was quite unimpressive, to be honest, with only one day of actual volatility. Wednesday was a nice day for profitability and really one of my most profitable in some time. There are signs from Thursday and Friday, that the Bulls are going to push for the next...

RobertD7723

Last week, the EUR/USD market was a whirlwind of activity, marked by heightened volatility and significant price swings. The week began with bullish momentum, as buyers took charge and pushed prices higher. However, by midweek, the market experienced a dramatic shift, with increased selling pressure leading to sharp declines in the EUR/USD pair. Despite the...

RobertD7723

Time dive into the whirlwind that was Week 14 in the EUR/USD market. Last week was nothing short of intense, with each trading day bringing its own set of surprises and challenges. Despite the rollercoaster ride, the overall price range remained relatively stable compared to the previous week. It's fascinating to see how the market dynamics played out amidst the...

RobertD7723

Last week was quite interesting, especially given the EUR/USD orderbook had four very strong levels of resistence making up over 50% of the sell side weighted volume (Thursday). The lower range was pushed down from previous levels, also indicating buyers are calling for lower prices. The orderbook still has quite a bit of pressure on the sell side, even though...

RobertD7723

Chart legend: Yellow lines: These line represent the lower and upper boundary of the range that has been tracked for the last 30+ days. Orange lines: Buy and sell side volume in the order book. These areas are where the buying and selling volume are the highest. Note that multiple zone could exist, these are just the strongest ones. Purple lines: This is the...

RobertD7723

Upon conducting a comprehensive long-term analysis, it becomes evident that Bitcoin's current valuation persists below its median threshold. Nonetheless, an intriguing potential for a more pronounced bullish trajectory remains, poised to unfold before any significant bearish tendencies take hold. At the heart of this analysis lies a median value of 36094.0, an...

RobertD7723

USD/CHF has had a nice bullish short term ride and I believe it will, in general, continue until it reaches a firm resistance zone of $1.02ish, first established in November, 2014. This zone has been tested several times, so its a good selling area. Overall support is roughly at $0.87ish and has been holding and tested since May, 2014. The really is an...

RobertD7723

BTC is currently sitting at 40%ish of its all time high. While still below its overall price median, opportunities for it being undersold look good. Price is still climbing steadily though so reasonable soon, it will be considered overbought . Its 200 period daily moving averaging is still trending downward, while the 1 and 4 hour moving averages trend upward....

RobertD7723

Ethereum looks to be a mixed bag at the moment. With the weekly 200 period moving upwards slightly, the overall outlook looks positive. However, the 4 hour and daily 200 period moving averages sloping downward as sharply as they are, it would seem to suggest that the market may still move lower before any strong upward price action becomes prevalent. While the...

RobertD7723

The current market of BAT seem to be very profitable of time frames of 15 minutes or less using a momentum in the current timeframe with a RSI on the 4 hour for trend direction. Both momentum and RSI are set to 200 periods to identify and catch potential strong upwards movement is the market. Overall, the market looks very good with proper dollar cost averaging...

RobertD7723

Using Bollinger bands with momentum on the 1 hour and 4 hour time frames for dollar cost averaging, it seems that Bitcoin is beginning to level out and stabilize in price action. This could be the bottom of this downward trend we have seen since the middle of November of 2021, however, I believe caution needs to be used and careful planning. Based upon the...

RobertD7723

BTC appears to be loosing momentum. I don't believe it is appropriate to say if a bear market is coming as there is simply not enough information to really make that determination. We could simple be at a brief pause before another uptrend. I personally believe that may only exasperate the impending correction and could easily drive a very steep bear market. While...

RobertD7723

XRP is an unusual coin.While it has no real appreciative value, it does provide very good trading value. What makes XRP so unique compared to other cryptocurrencies? One thing, and its not related to XRP's fundamentals. XRP is often regarded as the unstable stablecoin simply because it has a very pronounced price channel. A price channel is where an asset...

RobertD7723

CVC (Civic) is a hidden gem with a dark side. With a market cap of only 20.12 M, this coin has quite a good history of scalping, as well as being stuck in a sideways rutt for months. Its an interesting coin to trade simply because of its unique behavior, however, one must understand the risks involved. This coin has a low market cap, so additional care must be...

RobertD7723 Updated 

For many people, XRP hold the hope of being the next Bitcoin. This is an overly optimistic view that I don't see happening in the foreseeable future. Since its inception, it really has stagnated in its over-all growth. For this reason, I don't believe it is a coin that has an appreciable value, as the attached analysis shows. XRP does have trading value though...

RobertD7723

Hi, Looking over the last year, it appears BTC may soon start declining again. There are many good indicators that having a bearish outlook may be profitable, at least in the near future. It may even be worth considering dual trading long/short strategies simultaneously to profit from any short term rapid reversals that may ensue. For small capital investors, It...