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CRYPTO MECHANIC
@CRYPTOMECHANIC
Trading Crypto Since 2016 | Mainly Focused on Technical analysis 🟢 Twitter @cryptomechanicX
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Most of the Altcoins broke below the key zones last week.
When something breaks a key level it provides you the best trade opportunity.
- If you're bearish on that coin you can expect your downside target as long as price holds below that key zone.
- If you're bullish and price breaks below a key zone it's a waiting game for you.
Wait for the price to reclaim back above that broken zone. This provides the best trade opportunity.
Plan your trade , Trade your plan
When something breaks a key level it provides you the best trade opportunity.
- If you're bearish on that coin you can expect your downside target as long as price holds below that key zone.
- If you're bullish and price breaks below a key zone it's a waiting game for you.
Wait for the price to reclaim back above that broken zone. This provides the best trade opportunity.
Plan your trade , Trade your plan
I decided not to trade before November started and i stick with my plan.
So far it turned out to be a right decision. Alts taking bigger hits.
Just a few more days and i will start looking for entries again.
So far it turned out to be a right decision. Alts taking bigger hits.
Just a few more days and i will start looking for entries again.
LIVECRYPTO MECHANIC
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November first week will be highly volatile because of US elections on 5th November and then FOMC on 6th November.
I think the uncertainty will be on peak so i will just avoid it. Least likely i will open any new Swing trades unless it's very high probability setup.
Most of the people are anticipating that trump will win as Odds are increasing everyday (69%) and they think trump winning is good for crypto.
In my opinion someone winning on the internet doesn't mean he will actually win so i would like to see the outcome before i risk my money.
I think the uncertainty will be on peak so i will just avoid it. Least likely i will open any new Swing trades unless it's very high probability setup.
Most of the people are anticipating that trump will win as Odds are increasing everyday (69%) and they think trump winning is good for crypto.
In my opinion someone winning on the internet doesn't mean he will actually win so i would like to see the outcome before i risk my money.
it's surprising that $RENDER not showing any strength at all while it provided a great run early this year.
So far there isn't anything interesting on it.
So far there isn't anything interesting on it.
$DOGE was going up in anticipation of trump winning.
i gave a trade setup on it and it was executed nicely.
Now that US is very close to elections. i think it's better to see who wins before risking money on DOGE.
i gave a trade setup on it and it was executed nicely.
Now that US is very close to elections. i think it's better to see who wins before risking money on DOGE.
LIVECRYPTO MECHANIC
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$DOGE up over 35% from the $0.130 area and it's now approaching the zone i had as the target.
if you took this trade i think it's wise to take some partial profits here and leave the rest.
if you took this trade i think it's wise to take some partial profits here and leave the rest.
i have been saying there is nothing good in $WIF as long as we don't see a breakout. Price dropped from that zone.
I wouldn't take the trade or suggest to take new entry as market is still uncertain but if you're in it and holding i think price should hold this $1.85 - $1.95 zone if there is upside due in it.
I wouldn't take the trade or suggest to take new entry as market is still uncertain but if you're in it and holding i think price should hold this $1.85 - $1.95 zone if there is upside due in it.
LIVECRYPTO MECHANIC
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$WIF update
Nothing good in it as price is still below that key zone.
Nothing good in it as price is still below that key zone.
$FTM spending so much time around here.
i wouldn't be a buyer as long as it doesn't show some good strength.
i wouldn't be a buyer as long as it doesn't show some good strength.
$SUI Failed to hold above the last all time high and now getting rejected from the same zone.
I think a better trade opportunity will be once price break and hold above that last ATH $2.18 ish or a pullback.
Nothing good here.
I think a better trade opportunity will be once price break and hold above that last ATH $2.18 ish or a pullback.
Nothing good here.
Made a post that it's not a good looking chart when $WLD broke below the key zone
Over all Altcoins market is still showing the weakness so better not to touch this one yet.
Over all Altcoins market is still showing the weakness so better not to touch this one yet.
LIVECRYPTO MECHANIC
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$WLD Failed to hold that zone, Altcoins market is showing weakness against BTC moving. technically it's not a good looking chart now unless price reclaim that $2.200 zone.
$ENA Showing weakness at the key zone
As long as it doesn't show strength here. it's not really a wise idea to be bullish on it. it may go down if it continues to show weakness.
As long as it doesn't show strength here. it's not really a wise idea to be bullish on it. it may go down if it continues to show weakness.
A lot of you ask me about $ETHFI there is nothing interesting on the chart really.
The weekly chart is just ranging and i like to use weekly charts to get clear trend direction. unfortunately there is no clear direction on it right now.
Some of you probably buying it because it's sitting at the lows and might double your money.
The weekly chart is just ranging and i like to use weekly charts to get clear trend direction. unfortunately there is no clear direction on it right now.
Some of you probably buying it because it's sitting at the lows and might double your money.
$SEI Dropped under the key zone
As long as it doesn't reclaim this $0.36- $0.400 zone and hold above it. The chart isn't favoring the bulls.
As long as it doesn't reclaim this $0.36- $0.400 zone and hold above it. The chart isn't favoring the bulls.
New Week tomorrow i already said it i will not be trading but will post some Altcoin weekly charts as per your requests.
Let me know which one you want me to post 👇🏻
Let me know which one you want me to post 👇🏻
just came back home after 6 hours BTC is almost at the same price but damn Alts 😮
Your thoughts on the current $BTC weekly candle ?
Still a lot of time in close.
I'll share mine tomorrow let me know yours.
Still a lot of time in close.
I'll share mine tomorrow let me know yours.
The Best Learnings are a result of Losses and Mistakes.
When do you learn the most?
When you take losses, make mistakes, suffer drawdown and have down moments.
At such times, you are forced to improve,
reflect and change things up.
Losses are your Guide to what doesn't work, so you can avoid doing it again.
When do you learn the most?
When you take losses, make mistakes, suffer drawdown and have down moments.
At such times, you are forced to improve,
reflect and change things up.
Losses are your Guide to what doesn't work, so you can avoid doing it again.
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