crypto.comhavent posted a crypto.com chart in a while----it once was .75 cents-----and now its .12-17 cents bear market will do that----lol I dont know whats worse the southpark critisim or the fact that I created cro 6 months maybe 3 months before a bear market and it still survived---I think people need to give cronos some credit regardless-because the next 3 years for bitcoin and cronos will be a plus---its just those investors who invested into cronos didnt know the bear market was coming or they did and regardless forgot that they would lose money----wonder how they will feel when this reaches a dollar---some people do have heavy bags still.....invested into cronos....regardless of how the market is currently.....
CROUSD trade ideas
👻 $DXY $BTC Divergence [What's up with $EURX and $CRO?]Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at?
The market seems to expect more dovish announcements during the upcoming Jacksonhole FED event; my take based on Chair Powell's speech in June is that we could indeed expect rather a 100bp hike (very hawkish) or at least 75bp, again like last time. The doves are hoping for a 50bp hike. If we get 50bp, does it feel like the market will be ready for a rally?
I stopped out of the majority of my $cro short around .13. Looking to add more back in some more if we dump through the .1285 - .13 range and retrace back to these levels.
I expect 20750 to be an important stopping point for BTC and opportunity for quick long scalp for a few points if the dumpiness continues during the EU trading session, as I would expect the US brinks to put a little long pressure on before it shows it's true intention for the day to either continue the $dxy dump and move into longing other asset prices, or to reverse and really dump the markets at market open.
Summary, SHORT.
My analysis still isn't solid and clear; but i'm hoping you're following along and interested anyway. Comments, suggestions, questions welcome! GL out there!
Cronos: Too Hot 🥵Actually, Cronos had already been hot on the heels of the resistance at $0.1580 – maybe too hot because after finishing wave (B) in yellow there, the altcoin has jumped into the turquoise zone between $0.1330 and $0.1211 to cool off. Here, it has completed wave (C) in yellow as well as wave ii in turquoise, so that it should move upwards now, heading for the resistance at $0.1580 again. This time, though, Cronos should surmount this mark, thus confirming the ascent. However, there is still a considerable 45% chance that Cronos could drop below the resistance at $0.1161, which would then lead to further downwards movement.
📈 $DXY & $JPYX are on the rise [🔻$MSTR, $BTC, $EURX, $CNYU]We all know the drill, if $DXY is moving up, more speculative assets like $BTC and other #crypto #altcoins will trend down. Pressure is on as $DXY aims to reclaim the lost ground between 108/109 as the EU traders move to exit and US pre-market gets their ☕️'s brewing.
If we push back through to 109 and past 109.5, I expect to add onto my short $CRO positions and sell more of my $MSTR when pre-market opens for the day. We've been rejected at a few too many key levels for my $LONG comfortzone this week. If, and only if we can recover 21500 $BTC and then 21800 BTC with strong volume, will i look at switch bullish and slowly accumulate LONG positions between 21400-21700 with a target of 22400 to exit.
I'm targetting an initial 25% exit for my $CRO short position at .1233, with a reversal and initial 25% LONG position starting at .1205.
We very very very well might go lower though, so my expectation is to keep my DCA range tight. The volatility is going to be insane going into the first 2 weeks of September! Gooooo #ETH (consensus layer merge!)
If $DXY retraces during the US Brinks (pre-premarket) though, watch for the fakeout! THere's a lot of pressure building up (volume), the moves will likely be fast.
$BTC faces resistance exactly where expected [$CRO, Golden R.]Nothing more satisfying than charting out FIB lines and fining the place where prices are stuck aligns exactly with the FIB golden pocket... what else is there to be said? Waiting out the results for the day of my $CRO trade; short still and holding. No more accumulation, watching $DXY and $MSTR as we go!
CRONOS $CRO Long Idea - Hidden Bull DivI'm thinking we get a trend continuation here on $CRO, after that big rally a few days ago price has pulled back and bounced from the break out level
There was a breakdown and retest of the 20 period H4 simple moving average and is still currently below that level, so we may see another move down before up, however i think up is more likely due to the hidden bullish divergence on the RSI.
tldr
entry 0.140ish region
stop 0.13845 below prior swing low wick
target 0.15455 (previous candle close swing high) however if BTC continures to go up i expect further up side to 0.167 or so
Follow me on Twitter :) im just rebooting this account after sometime
$CRO spot buy 15th of july at 0.1227As I mentioned in my $ALGO spot buy, the 50 MA also crossed the 200 MA what could lead to a bullish sentiment. At the right side of the chart you see the VWAP indicator. The big candles stands for the volume at that price range, at that price range I searched for S/R levels.
If we flip the first higher low (green cup drawing) I believe the uptrend will follow up, TP's are in the chart.
If you have any tips or feedback let me know pls!
Enjoy your evening!
CRO the beginning of the end.CRO as many other PoS cryptos are now finding out; has a bear market burning rate issue. PoS is a return to the old central bank dilemma. You hold for more tokens/currency you burn for the advantages it provides. Without scarcity in times of Stag-Flation these tokens are best positioned to make ATL's. The problem with them from here is that banks are still getting money from the Central Banks and insurance protections. Crypto PoW used to be the biggest threat to banking due to scarcity but PoS now poses a threat that can be countered. I expect 98% of PoS tokens to face legal issues come 2023 due to the Infrastructure bill provisions which protect PoW (No Ethereum is not going PoS untill legal gets cleared. Anyone selling you its a update need is lying. Refer to the infrastructure bill to understand. Vitalik is smart, going PoS before the bill changes would be death.) and make it very easy for prosecurtors to go after PoS for a multitude of compliance challenges that border on the un-feasible.
CROUSD Is it replicating Bitcoin's 2018 Cycle?Cronos (CROUSD) has fallen more than -68% since its March 28 High and is currently consolidating after a rebound on oversold 1D RSI. Being in a Bear Cycle since the November 23 2021 High, this pattern resembles Bitcoin's 2018 Bear Cycle. Notice the similarities.
Following their blow-off tops and the initial drop that followed, both have consolidated within a Descending Triangle of Lower Highs and when the Support broke, they went into 1D RSI oversold (below 30.00) area. Bitcoin bottomed higher on a -63% drop, marginally breaking the 1.5 Fibonacci extension. Cronos has so far marginally broken the 1.618 Fib ext on its recent low.
Is it repeating Bitcoin's 2018 Bear Cycle and if so can this be the bottom?
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