CSPRUSDT trade ideas
Mock Up Price Action for CSPR | Near-Mid Term (4HR)Mock Up Price Action for OKX:CSPRUSDT | Near-Mid Term (4HR)
- Continued bulk accumulation of CSPR for longer term bull run, and personal number one altcoin investment pick
- Anticipating highly volatile but still overall bullish upcoming week into end of month January before early February and throughout a proper market correction and pullback of BTC and top 200 ALTs
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Teal Filled Horizontal Rectangles are areas of major support and price points for further DCA long order accumulation
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
Recent news regarding IPWE has retail investors spooked. Yes, obviously, a disappointment to hear the news and take on the chin that this will set potential bullish run timelines back a little. Regardless, for anyone holding CSPR and up in the air presently, we should be reminding ourselves why we got into this in the first place, asking, do I believe in this project and do I believe in the long term potential? Alongside with, do I think I can play the game of shaving down some now with potentially buying back in later? In the grand scheme of things, this is but a bump in the road, and fleeting situation. Personally going to stick to my convictions and DCA further in per originally planned for this Crypto bull cycle. Prices I'm looking at mocked up on the chart.
CASPER drop likely to continue to bottom wedge trend line.CASPER (CSPR) has been getting beaten to the ground like a red-headed-step-child, and even though it may bounce a little off of the right resistance points, it's very likely we will continue to see it drop overall to approx. the .031 level before there's any significant reversal. If it fails to hold this level, it could be catastrophic for the price, but also may present a great buying opportunity for trader's, and long-term holders looking to add to their positions.
Good luck, and always use a stop!
CASPER rebound likely to fail.Many of us have been frothing at the mouth, watching the recent CASPER (CSPR) collapse, waiting for a likely entry point to go long. The bounce we're seeing right now is likely due to the trend seen in the overall crypto market, and not one that's unique to CASPER itself. It looks like this bounce will be temporary, and the downtrend will continue to at least the $0.03218 level before we see any meaningful or sustainable reversal, even though I think that it will go a little lower than that, likely to the $0.03 - $0.031 level. If the bounce does continue, it will likely be stopped at the upper descending trend line (the upper dashed line). If it does break that trend line, it could be a good sign that the reversal is in.
If you enter a long trade, use a stop-loss. In fact, I recommend always using a stop-loss.
Good luck!
Mock Up Price Action for CSPR | Near-Mid Term (12HR)Mock Up Price Action for OKX:CSPRUSDT | Near-Mid Term (12HR)
- Continued bulk accumulation of CSPR for bull run, number one investment pick
- Anticipating highly volatile but still overall bullish upcoming week into end of month January before early February and throughout a proper market correction and pullback of BTC and top 200 ALTs
- Accumulating small and micro cap ALTs to hedge against market correction/pullback period to begin in earnest within the next 30 days and lasting up to and through the BTC halving event in April
- KUCOIN:VELOUSDT KUCOIN:VRAUSDT KUCOIN:TELUSDT BITTREX:BAXUSDT KUCOIN:BLOKUSDT are some of my main picks, in order of preference, all of which with massive profit potential within the next 90 days
- With any luck, these small/micro cap ALTs will run over the next 75 days, while BTC and the rest of the broader market top 100-200 ALTs by market cap take a nose dive into the dirt and cool down for a while
- End result, flush with profits from small/micro cap plays, at time when my primary investment interest coins like OKX:CSPRUSDT and BINANCE:XRPUSDT are at discount prices, for the last time, before the Crypto bull market starts in earnest May/June timeframe
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Teal Filled Horizontal Rectangles are areas of major support and price points for further DCA long order accumulation
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
I don't think BTC is done yet. I think that the CME Futures on BTC that are set to expire end of month, have too much money on the table with bets around 50k and 60k. I think we're in the midst of bear trap soon to be turned to be bull trap, and a ridiculously volatile period up and down with retail traders positioned to get hit hard. I'll be on the sideline steadily accumulating my top 40 altcoins list to be held for the next 8 to 12 months. For my portfolio right now leading into the next 90 days, I currently have a heavier skew in active positions for Small Cap and Micro Cap ALTs like VELO VRA BAX and TEL which we know and have seen time and time again always perform well when broader market as a whole starts to pull back and money flows out of large and mid caps in the top 200, into guess what, small and micro caps that underperformed the market till now. Once a heavy market correction begins, nothing will be immune, and I'd expect all things to pull back.. However I believe these small and micro cap alts poised for bullish runs through April/May, will not be hit as hard, and will most certainly bounce back faster, harder, and likely this bounce back will kick off in earnest very big bullish movements for these.
My Top Picks to Weather the Impending Storm
VELO
INVERSE VELO
VRA
INVERSE VRA
BAX
INVERSE BAX
TEL
INVERSE TEL
Mock Up Price Action for CSPR | Mid Term (4HR)Mock Up Price Action for OKX:CSPRUSDT | Mid Term (4HR)
- My number 1 speculative pick and holding for mid-long term
- Love that I can accumulate here and stake for passive income
- The market is due a healthy correction at some point, regardless I'm buying every dip from here on out
- As it goes in Crypto, nothing goes the way you think its gonna go when you think its gonna go... But when this one does go... Its gonna go hard. This chart represents wishful thinking and something fun to imagine while I patiently wait and continue to accumulate
- CSPR has always been 3-4 weeks behind big market moves
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Mock Up Price Action for CSPR | Mid-Long Term (4HR)Mock Up Price Action for OKX:CSPRUSDT | Mid-Long Term (4HR)
- My number 1 speculative pick and holding for mid-long term
- Love that I can accumulate here and stake for passive income
- The market is due a healthy correction at some point, regardless I'm buying every dip from here on out
- As it goes in Crypto, nothing goes the way you think its gonna go when you think its gonna go... But when this one does go... Its gonna go hard. This chart represents wishful thinking and something fun to imagine while I patiently wait and continue to accumulate.
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions / news
Mock Up Price Action for CSPR | Mid Term (4HR)Mock Up Price Action for OKX:CSPRUSDT | Mid Term (4HR)
- My number 1 speculative pick and holding for mid-long term
- Love that I can accumulate here and stake for passive income
- The market is due a healthy correction at some point, regardless I'm buying every dip from here on out
- Updated fractals, used one from GATEIO:BONKUSDT , Updated price points
- When this one goes... It's going to surprise folks.
Mock Up Price Action for CSPR | Mid Term (4HR)Mock Up Price Action for CSPR | Mid Term (4HR)
- My number 1 speculative pick and holding for mid-long term
- Love that I can accumulate here and stake for passive income
- I'm buying every dip from here to 0.018 and holding patiently
- Anticipating that May 2024 will be our time to shine
Mock Up Price Action for CSPR | Mid Term (12HR)Mock Up Price Action for CSPR | Mid Term (12HR)
- My number 1 speculative pick and holding for mid-long term
- Love that I can accumulate here and stake for passive income
- I'm buying every dip from here to 0.018 and holding patiently
- Anticipating that May 2024 will be our time to shine