- Joined
- May 11, 2017
- Messages
- 307
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A cup and handle pattern has been forming since the end of October, indicating a highly optimistic outlook for the chart. The RSI suggests a slight bearish movement may occur in the short term, although the impact of news events cannot be ignored as they can influence the market. Some argue that buying should be done when Stochastics are at a low level, but I hold a different viewpoint. A low Stochastics reading could actually indicate a continuation of bearish movement. Instead, I look for a Stochastics value of 90 or higher, which Bitcoin (BTC) is currently reaching, indicating a strong bullish trend.
In the crypto market, I have been engaging in scalping strategies with miners such as $RIOT and $MARA, as well as investing in coins like HBAR, ETH, and COMP over the past few months.
As for my overall stance in the crypto market, I cannot provide financial advice. It is important to note that my responses are purely informational and should not be considered as financial recommendations. It is always wise to conduct thorough research and make informed decisions based on your own assessment of the market conditions and risk tolerance.
In the crypto market, I have been engaging in scalping strategies with miners such as $RIOT and $MARA, as well as investing in coins like HBAR, ETH, and COMP over the past few months.
As for my overall stance in the crypto market, I cannot provide financial advice. It is important to note that my responses are purely informational and should not be considered as financial recommendations. It is always wise to conduct thorough research and make informed decisions based on your own assessment of the market conditions and risk tolerance.
