cautious_trader888

cautious_trader888

Here are my personal thoughts. 1. Global fiscal and monetary stimulus will push investors from fixed income to riskier assets like crypto. 2. BTC halving in 2 months 3. More tokens will be dead. This is my own personal opinion only and should not be taken as trading & investing advice. Kindly trade at your own risk!

cautious_trader888

I think investors risk-on sentiment is driven by low yield in field income and shifting it to riskier assets like stocks, crypto, commodities etc. And it seems like BTC bottomed at 3,850 and continue to rally within the downward channel. Key resistance is to break the downward channel, while support is seen at 0.236 fib or around 5,400. This is my own personal...

cautious_trader888

That was a good bounced from Dow Jones. But the question is, will it sustain the trend? I'm thinking of possible 3 scenarios. 1. It will continue to trend higher with 0.236 fib or around 24,100 as the resistance. 2. Possibly retest the longterm support which could possibly hold or possibly break with 0.5 fib as the next support or around 18,000. 3. Or just...

cautious_trader888

I'm just checking other charts for possible opportunity. And came to oil. Seems like forming triple bottom. Also RSI at 21, oversold level. Lowest RSI reached 11.76 last December 29, 2014. I think time to buy / accumulate too. Caveat!

cautious_trader888

Good news, first human trial for coronavirus vaccine begins Monday in the US. This should push some investors to risk-on on equities. TA wise, DJ is sitting at longterm support trendline. RSI is also at 20.91, already at oversold level. If ever there are still some sell-off I think would be minimal. The lowest RSI reached 19 last Oct 6, 2008. So I think ROI...

cautious_trader888

Sharing my same thoughts on BTC yesterday but option 1 is I think more probable atm. 1. BTC possibly bottomed at $3,850. If it holds true, then BTC will be rallying to wave 5 or at least reach $14,600. I think this one is more likely as COVID 1st human trial begins in US. 2. If bottom not yet reached, I'm looking possibly below 3K to 1K as wave 2. And wave 3 to...

cautious_trader888

COVID-19 turned the global markets rout. Here's my thoughts on BTC though. 1. BTC possibly bottomed at $3,850. If it holds true, then BTC will be rallying to wave 5 or at least reach $14,600. 2. If bottom not yet reached, I'm looking possibly below 3K to 1K as wave 2. And wave 3 to follow, targeting at the minimum $14,600 or even higher as wave 3 should not...

cautious_trader888

BTC slowly recovering from the dumped yesterday. 2 possible scenarios here. BTC could continue to go up and hit the next resistance level 0.236 fib / 7,072$. Or surprise dump to 0 fib / 3,126$. RSI already at oversold level of 25.59, it could either continue going up or possibly go down. The lowest RSI hit 9.61 last November 20, 2018. Caveat! Good morning...

cautious_trader888

COVID-19 taking a toll to global economies, stocks, crypto, bonds, etc. BTC is still in downward channel and a crazy dumped a few hours ago that hit as low as around 3,800 but now slowly recovering. RSI at oversold level already and seems following up. Strong resistance is seen at red solid line while support at green lines around 3800 to 3200. Buy/long at...

cautious_trader888

Oh, coronavrirus is taking a toll to global economies, stocks, crypto, bonds etc. If this current level does not hold, BTC will possibly welcome 3k. Caveat!

cautious_trader888

I'm watching PSEi dumped and as of the moment down by 7.16% to 5,998.63 due to worrying concerns about COVID-19. Well, I think BTC is no exception, it has been following global equities trend last 2 months. And I think we are bound to 7K, and if breaks possible 6K. If will not materialize, support is seen at 0.236fib or around 7k. Or if continue to dumped,...

cautious_trader888

COVID-19 cases in Wuhan might subside, but other countries positive cases are rising including my home country. Alot of Central Bank easing happening but I think atm, scenario towards breaking the long-term support trend is inevitable unless formulate medicine to cure the patients/kill the virus. Time to short or stay in cash. This is my personal opinion only...

cautious_trader888

Good morning guys, BTC really got hit today and spotted this gap down. I'm gonna trade long and expecting a possible 10.69% x 100 leverage= 1,069 possible gain. Please note that this is my personal opinion only and should not be taken as trading advice. Kindly trade at your own risk.

cautious_trader888

Just encounter this today and it seems like BTC dominance is now sitting at support level. Possibly increase more to hit around 70 ( the broken line) then to red line ( = or > 80). This increase dominance might possibly be after halving. Caveat.

cautious_trader888

Oh well, investors dump BTC awhile ago, and now slowly recovering back to 8900. TP1 is seen at around 9K and TP 2 at around 9145. This is my personal opinion only and should not be taken as trading & investing advice. Please trade at your own risk.

cautious_trader888

I'm just started trading around 2008, buying some local stocks. And hold it for sometime. The surprise Fed rates cuts is I think short-term bearish but long-term bullish. For now, I think risk-off. Then come-back buying end of this year or early next year. This is my personal opinion only and should not be taken as trading & investing advice. Please trade at...

cautious_trader888

Seems like BTC found its support level after the doji yesterday. Hopefully a confirmed reversal today and get back to Wave 3. Caveat!

cautious_trader888

I'm checking BTC update again. And I think wave 2 to end soon. Possible strong support is the long term trend line ( green solid line). If that so, Wave 3 ( should not be the shortest), and at a minimum can hit around 12,300. But I think it will extend to retest previous high of $13,868 or even higher. This is my own personal opnion only and should not be...