Score today
Bulls 1 | Neutral 2| Bears 12
Guys the signals have been favouring bears for over a week now, if your trading account for short term trades is not on fiat/asset pegged crypto, you are most likely gonna have a bad time.
Crypto included: ETH, EOS; NEO, ADA, ICX, XEM, XRP, NANO, QTUM, IOTA, ARK
Not financial advice, doing this for fun, have a good one
Why Am I doing this?
Just like in stock trading, where you use leading indicators such as 10 year yield bond rates, transport sector indicators and volatility indexes to suggest upcoming market movement, we need similar indicators for the crypto markets.
These indicators are not just used to say, ok its time to buy ADA or NEO NOW!!! No they are meant to help you to give you technical support when deciding to trade alts in top 50 range in general, perhaps even in the top 100 range. Again this is a trading technique not an investment technique. (trading - take short swings, investing - do research on projects and hold them over the long run, plus taking profits on bull waves) Trade can generate funds, which you may decide to invest on in larger long term investments schemese. Well this is my philosophy at least.
More over these indicators help you to make a decision to move out of a trade and into the safety of cash, even though our greedy mind is telling us - "But what if im wrong and it all moves up" you need technical and market indicators to tell you, its enough for now, take the profit and move into Bitcoin or into asset pegged crypto like Tether, or into the safety of cash, depending on your decision what is the safest move at that time for you and your portfolio.
Signal | Bearish
Chart has broken, support, bears are in control
Signal| Neutral Bullish
Ether seems to be loosing but no lower lows have been formed so far, the weaker gradient gives suspicion to a negative sentiment coming in soon
Signal | Bearish
Icon broke support, bears on the go
Signal | Bearish
Neo broke support with a slight recovery, bears too are in control
Signal | Bearish
NEM the upswing was a real bear trap, on the down we go, bears in control
Signal | Bearish
EOS confirming its downward trend, bears too are in for a goody
Signal | Bearish
Ark has the same shape has ICON, bears are winning more and more power here
Signal | Bearish
IOTA had already confirmed its downward trend sometime ago,
Signal | Neutral
Dash is on the verge of breaking down into the bear sentiment too, support has a high chance to break
Signal | Bearish
QTUM also broke support
#NANOBTC
Signal | Bearish
NANO broke its all
time support, this one has no target going down, hence its bottomless pitch for now,
Signal | Bearish
Ripple is actually relatively stable today even though its still in its downward channel we still have to give it to the bears.
Signal | Bearish
Bitcoin too is obvious, bears are on.