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CRYPTO MECHANIC
@CRYPTOMECHANIC
Trading Crypto Since 2016 | Mainly Focused on Technical analysis 🟢 Twitter @cryptomechanicX
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Blessed to be recognized by Top Crypto exchange Binance
two years and we got 3 Awards
I wouldn't take any credit because it wouldn't be possible without your love and support and i would like to dedicate these awards to my followers. You all are like my family. ❤️
I will continue to bring value in your trading journey.
Thank you for your support ❤️
two years and we got 3 Awards
I wouldn't take any credit because it wouldn't be possible without your love and support and i would like to dedicate these awards to my followers. You all are like my family. ❤️
I will continue to bring value in your trading journey.
Thank you for your support ❤️
This meme coin "Chill guy" is everywhere on social media and it hit a $500 million marketcap yesterday, But guess what ? The logo is copied.
The artist came out and said in his tweet that i am going to Sue them as they used my art for profit related things.
Not only that , in response the Chill guy tweeted an address and asked for donations that will be given out to the chillguy Artist.
People are now sending their donations to that wallet and as of now it received 450 thousand dollars.
The artist came out and said in his tweet that i am going to Sue them as they used my art for profit related things.
Not only that , in response the Chill guy tweeted an address and asked for donations that will be given out to the chillguy Artist.
People are now sending their donations to that wallet and as of now it received 450 thousand dollars.
Many of you are asking me or wondering why bitcoin is going up while Altcoins are going down only.
I'll drop some thoughts about why it is happening.
1- When bitcoin leads Altcoins least likely to follow, This is how the money flows into crypto it goes into Bitcoin first and then likely into Altcoins. But it will always be difficult to find which Altcoin or category will perform as there are now so many options.
2- Big players are more interested in buying bitcoin.
3- Like i said People now have so many options to trade, so maybe the one I'm holding or you're holding doesn't go up at all. so it's always better to have the ones that are getting some volume and are in a clean uptrend.
4- It's always the retailers who pump altcoins and they are now more interested in meme coins.
There was a time when people were chasing Altcoins on leverage trading but now they got the bigger gambles "memecoins"
I think these are the few factors affecting the Altcoins market. Good Altcoins will eventually do well imo.
what do you think about it ?
I'll drop some thoughts about why it is happening.
1- When bitcoin leads Altcoins least likely to follow, This is how the money flows into crypto it goes into Bitcoin first and then likely into Altcoins. But it will always be difficult to find which Altcoin or category will perform as there are now so many options.
2- Big players are more interested in buying bitcoin.
3- Like i said People now have so many options to trade, so maybe the one I'm holding or you're holding doesn't go up at all. so it's always better to have the ones that are getting some volume and are in a clean uptrend.
4- It's always the retailers who pump altcoins and they are now more interested in meme coins.
There was a time when people were chasing Altcoins on leverage trading but now they got the bigger gambles "memecoins"
I think these are the few factors affecting the Altcoins market. Good Altcoins will eventually do well imo.
what do you think about it ?
$SUI Breaking below the consolidation zone.
it's a sign of weakness as long as price doesn't bounce back above the broken lows.
it's a sign of weakness as long as price doesn't bounce back above the broken lows.
Expecting ETHBTC pair to find a bottom around this zone.
Meanwhile $ETH USD holding well above $3000 so i think there will be one more move up.
Meanwhile $ETH USD holding well above $3000 so i think there will be one more move up.
People are making millions trading memecoins and here i am waiting for my fundamentally strong Altcoins to give me a 10% move.
I'm not sad 🥲
I'm not sad 🥲
As long as price is above that previous all time high.
i think dips are fine.
$PEPE
i think dips are fine.
$PEPE
Someone asked me if a coin holds a level what can we expect so i decided to write a post so most of you can read.
As long as a coin can hold a key zone that you have on your chart, you can continue to expect your predicted direction.
For example $BTC is holding the $89500-90,000 level for the last few days. As long as price is holding above it you can continue to expect more upside.
This can also be used another way round.
As long as bitcoin is holding $89500-90,000 there is no reason to call for a downside.
you can use same level for two decisions.
- Bullish as long as it holds
- Bearish as it breaks below.
So this is how you can use a key zone for your trading decisions.
Keep learning
As long as a coin can hold a key zone that you have on your chart, you can continue to expect your predicted direction.
For example $BTC is holding the $89500-90,000 level for the last few days. As long as price is holding above it you can continue to expect more upside.
This can also be used another way round.
As long as bitcoin is holding $89500-90,000 there is no reason to call for a downside.
you can use same level for two decisions.
- Bullish as long as it holds
- Bearish as it breaks below.
So this is how you can use a key zone for your trading decisions.
Keep learning
Bitcoin struggling to get some volume.
No signs of the downside yet but if it drops below $90k and holds. I think that will trigger some short term correction.
$89500-90000 lets say. As this zone is clearly holding up the price.
No signs of the downside yet but if it drops below $90k and holds. I think that will trigger some short term correction.
$89500-90000 lets say. As this zone is clearly holding up the price.
$JUP One of the most used solana swap after Raydium
it has been consolidating for weeks.
As SOL is getting closer to it's All time high. i think it's worth keeping an eye on this consolidation breakout. Whenever it comes
it has been consolidating for weeks.
As SOL is getting closer to it's All time high. i think it's worth keeping an eye on this consolidation breakout. Whenever it comes
I have $TIA in my bag also.
Holding it for a few days already.Not doing anything for now will probably move once it breaks and holds above $6.
Holding it for a few days already.Not doing anything for now will probably move once it breaks and holds above $6.
As the crypto market is growing some of you might be new here
Remember one thing
There will be people telling you they can double your money in one trade or in a few days and ask you to join their paid groups
There will be people asking you to give them the money and they will trade for you.
Do not trust them remember you can't be rich overnight trading has a process just like every other business. Do not seek for trading signals Learn to trade and you'll be profitable and never give your money to anyone. if they were that good in trading, they wouldn't need your money.
Remember one thing
There will be people telling you they can double your money in one trade or in a few days and ask you to join their paid groups
There will be people asking you to give them the money and they will trade for you.
Do not trust them remember you can't be rich overnight trading has a process just like every other business. Do not seek for trading signals Learn to trade and you'll be profitable and never give your money to anyone. if they were that good in trading, they wouldn't need your money.
Study This 👇🏻
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How To Identify The Market Trends | Bullish , Bearish Or Shift In Structure
Crypto is a trending market when it catches a trend it usually keeps going into that direction and this is why it is so important to know how you can identify if the trend is bullish or bearish or it's about to shift into the opposite direction.
Identifying The Bullish trend
To identify a trend it's always better to start from the high timeframes because it doesn't matter what's going on in the lower timeframe it will end up going into high timeframe direction. That means you can use the lower timeframe price action to execute on your high timeframe setup.
The best timeframe is 1Day and weekly chart.
Now let's have a look at how bullish trend looks like
When the trend is bullish you will see price is continuously creating higher highs and the higher lows. This is an indication that the trend is bullish.
Here is the live example of the trend.
Look at the chart above. Price didn't break any of the low and this is your confirmation that the uptrend is still intact and you can continue to be bullish on it.
Where can you enter your trade?
Nothing goes up in a straight line. Lower time frames will provide you pullbacks while high time frame just consolidate. for example look at the chart below
It looks like the high timeframe is just consolidating but it's actually a 32% price drop which you can catch using the lower timeframe charts.
When price drops into high timeframe key zone (Previous higher low) that area can provide you an entry trigger and the target will be new highs.
Identifying the bearish trend
As the same as bullish trend but in an opposite way
When the price is creating lower highs and the lower lows this shows the trend is bearish.
Here is the live example.
Where can you enter your trade?
If you're interested to short the market when the market is bearish. The method is the same as trading in the bull market. When lower timeframe gives you a bounce into the high timeframe lower high zone. You can look for a short trigger there and the target will be new lows.
Identifying the Trend Shift
No trend lasts forever and this is where people lose most amount of their money.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.
How can you identify a trend shift?
it's quite simple you can use the same trend strategy you were using to identify bullish and bearish trend.
When bullish trend breaks
when the market breaks a bullish trend you will see it will break below the higher low. Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.
Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.
Here is the live example when price broke under the higher low
When Bearish Trend Breaks
Similarly when the price breaks above the lower highs it indicates that the trend is now shifting from bearish to bullish.
Here is the live chart example
This is exactly how you can identify different market trends.
Just be bullish when the trend is bullish and be bearish when the trend is bearish.
Shift your bias when the trend shifts.
This is the only way to survive and be a profitable trader.
I hope you learned something from this article.Your feedback will be appreciated
Identifying The Bullish trend
To identify a trend it's always better to start from the high timeframes because it doesn't matter what's going on in the lower timeframe it will end up going into high timeframe direction. That means you can use the lower timeframe price action to execute on your high timeframe setup.
The best timeframe is 1Day and weekly chart.
Now let's have a look at how bullish trend looks like
When the trend is bullish you will see price is continuously creating higher highs and the higher lows. This is an indication that the trend is bullish.
Here is the live example of the trend.
Look at the chart above. Price didn't break any of the low and this is your confirmation that the uptrend is still intact and you can continue to be bullish on it.
Where can you enter your trade?
Nothing goes up in a straight line. Lower time frames will provide you pullbacks while high time frame just consolidate. for example look at the chart below
It looks like the high timeframe is just consolidating but it's actually a 32% price drop which you can catch using the lower timeframe charts.
When price drops into high timeframe key zone (Previous higher low) that area can provide you an entry trigger and the target will be new highs.
Identifying the bearish trend
As the same as bullish trend but in an opposite way
When the price is creating lower highs and the lower lows this shows the trend is bearish.
Here is the live example.
Where can you enter your trade?
If you're interested to short the market when the market is bearish. The method is the same as trading in the bull market. When lower timeframe gives you a bounce into the high timeframe lower high zone. You can look for a short trigger there and the target will be new lows.
Identifying the Trend Shift
No trend lasts forever and this is where people lose most amount of their money.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.
How can you identify a trend shift?
it's quite simple you can use the same trend strategy you were using to identify bullish and bearish trend.
When bullish trend breaks
when the market breaks a bullish trend you will see it will break below the higher low. Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.
Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.
Here is the live example when price broke under the higher low
When Bearish Trend Breaks
Similarly when the price breaks above the lower highs it indicates that the trend is now shifting from bearish to bullish.
Here is the live chart example
This is exactly how you can identify different market trends.
Just be bullish when the trend is bullish and be bearish when the trend is bearish.
Shift your bias when the trend shifts.
This is the only way to survive and be a profitable trader.
I hope you learned something from this article.Your feedback will be appreciated
Last week I've been buying these dips
and i think i now have enough
Will not add anything more unless we see sharp drops probably 15 to -20%
will the drop come? I don't know
Am i ready if it comes? Yes
It's just a trading technique i use when the market is bullish. Be in the market and keep the backup just in case Market gives you a surprise dip.
Do not 100% expose yourself to market, always have some Ammo's with you.
it's called position/portfolio management.
and i think i now have enough
Will not add anything more unless we see sharp drops probably 15 to -20%
will the drop come? I don't know
Am i ready if it comes? Yes
It's just a trading technique i use when the market is bullish. Be in the market and keep the backup just in case Market gives you a surprise dip.
Do not 100% expose yourself to market, always have some Ammo's with you.
it's called position/portfolio management.
I already have all of these in my bag.
i just want to have some more just in case if we see a drop 😀
i just want to have some more just in case if we see a drop 😀
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If i get a good dip this week (Not saying it's coming)
I will happy add $SOL , $XRP , Render and maybe some $SUI as well. but major portion will go to Solana and xrp. Just in case it comes.
I will happy add $SOL , $XRP , Render and maybe some $SUI as well. but major portion will go to Solana and xrp. Just in case it comes.
$SEI
I want to see it holds above this $0.47 - $0.500 this area has been rejection the price for quite some time now.
The longer it can hold above it now the likely we may see it moves up.
I want to see it holds above this $0.47 - $0.500 this area has been rejection the price for quite some time now.
The longer it can hold above it now the likely we may see it moves up.
$RENDER Nicely going up since my post last week.
If this keeps going i think this may fuel the other Ai coins as well.
If this keeps going i think this may fuel the other Ai coins as well.
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Ai coins has been struggling for weeks now but it's always good to keep an eye on these as earlier this year Ai category provided a good run.
I don't have a position on it yet but i'll be interested to get some $RENDER , chart looks good.
I don't have a position on it yet but i'll be interested to get some $RENDER , chart looks good.