Crypto Rally?
All of the major cryptocurrencies and the smaller altcoins are all rallying at the same time. Bitcoin crossed above a long term fibonacci level with momentum. This looks very bullish but the volume looks like its dying off quicker than a normal rally. I wonder how long this will last. Are we going to see bullish markets until J. Powell hikes rates again? Nobody knows for sure. If you like to trade crypto related equities then there are a few good ones I always go to for some short-term options plays. $Coinbase(COIN.US$ $MicroStrategy(MSTR.US$ $Marathon Digital(MARA.US$ $Riot Platforms(RIOT.US$
We are currently in a crypto bear market so we must watch for a good time to go short. Here are the next resistance levels to watch on the way up. You might find some sellers stepping in at these levels possibly. The markets are all generally very oversold so this rally could possibly last a few days or weeks like a strong bear market rally always does. If this rally stays strong then I might consider jumping into a temporary long position. When this uptrend turns around then I will for sure be getting into some short positions since the long-term trend is down currently. And I will be watching these levels in the picture below for the reversal to happen.
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $ETC(ETC.CC$ $Yearn.finance(YFI.CC$ $Terra(LUNA.CC$ $Litecoin(LTC.CC$ $Stellar(XLM.CC$ $Cardano(ADA.CC$ $Bitcoin SV(BSV.CC$ $Bitcoin Cash(BCH.CC$ $Compound(COMP.CC$ $Polygon(MATIC.CC$ $Dogecoin(DOGE.CC$ $Metaverse ETP (ETP.CC$ $Verge(XVG.CC$ $Orchid(OXT.CC$ $OMG Network(OMG.CC$ $0x(ZRX.CC$ $Qtum(QTUM.CC$ $NEO(NEO.CC$ $Dash(DASH.CC$ $Theta Token(THETA.CC$ $Tezos(XTZ.CC$ $ZEC(ZEC.CC$ $Maker(MKR.CC$ $Decentraland(MANA.CC$ $Cosmos(ATOM.CC$ $ChainLink(LINK.CC$ $Monero(XMR.CC$ $TRON(TRX.CC$ $Polkadot(DOT.CC$ $XRP(XRP.CC$ $Binance Coin(BNB.CC$ $Bitcoin Gold(BTG.CC$ $Loomnetwork (LOOM.CC$ $Elastos(ELA.CC$ $Balancer(BAL.CC$ $Band Protocol(BAND.CC$ $Aragon(ANT.CC$ $Augur(REP.CC$ $Civic(CVC.CC$ $aelf(ELF.CC$
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R3dRUMM : they fluctuate all together because of Bitcoin and the Ethereum are mining mainchains
SpyderCallOP R3dRUMM: how does that work? Im still learning crypto
SpyderCallOP : rejected that very first resistance level i mapped out
solo invest SpyderCallOP: I saw this post the next morning after you posted this. I saw that rejection of the 20,000 price point. It actually rejected around 19,950 but that's basically the same level. I went short on $Coinbase (COIN.US)$and made some bank.
solo invest SpyderCallOP: The volume died off way too quick for this rally to have any strength. Just a one day rallly above a fib level and then back down below it over night
Giovanni Ayala : Means of gluten production.
SpyderCallOP Giovanni Ayala: pump fake
70982327 : "we must watch for a good time to go short" is an understate, go ahead dive in, then they will drop it back to 19-20K after they take your money and it will sit there for the next 2 months, BTC is not going anywhere until 2024 AFTER THE ELECTION! Disperse your crypto across some winners and sit back - XRP, XLM, ALGO, CHAIN, DOT, HBAR, BTC, ETH, MATIC, YFIUSD to start