With the likelihood of Bitcoin ETF approval in the cards, there are a plentitude of zealous crypto traders on the crypto rocket anticipating destination moon. But what if it doesn't turn out the way everyone expects? What if the MMs shake out the pockets of dumb money and over-leveraged moon boys? Or worse yet, ETF approvals are delayed yet again? Nothing is really certain until it's settled. In this episode, we're going to discuss a few indications that the possibility of more sideways to down action is really not that far-fetched. Understanding this perspective can help us to trade safely and avoid being rekt.
All indexes and crypto charts are still showing bearish price action (or re-action) to current events. And President Biden's latest executive order is directed at cryptocurrency.
#Biden
#executiveorder
#crypto
#FUD
#bearmarket
https://www.stewdam.us
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https://www.youtube.com/watch?v=L5PC5V3NTGY
Traders,
I just want to go over a few potential long trades for you to keep in your back pocket should BTC break to the upside of its triangle soon.
Stew
⛓️ ? Useful Links ? ⛓️
The list of coins:
https://i.imgur.com/2gP33yK.png
My TradingView:
https://www.tradingview.com/u/stewdamus/
My Subscription Site:
https://stewdam.us
All My Socials:
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⛓️ ? My Sponsor ? ⛓️
Shawn at Grandview Farms - (563) 380-1593
Grassfed Grain Finished Grade A Angus Heritage Beef from Northeast Iowa at an avg. cost of only $4 per lb.
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https://www.youtube.com/watch?v=RWivMiNf2fQ
Traders,
We are right on track with literally everything as discussed in previous chart updates and videos. No surprises this week, thus, the short weekend update video. The only new development is that Bitcoin is testing our ever-important multi-year trendline yet again. Will the bulls win this tug of war or will the bears finally find the strength to pull price across and to the downside?
Let’s talk about that.
⛓️ ? Useful Links ? ⛓️
My site:
http://stewdam.us
My Twitter:
https://twitter.com/stewdamus
My Telegram:
https://t.me/stewdamus
All my socials:
http://stewdam.us/p/social-media
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https://www.youtube.com/watch?v=W5W_0E6biaY
Traders,
The market expects 25 basis points tomorrow. What they are unsure of is how it will look in March. While the fed may indicate yet another rate hike in March, the dollar, vix, and treasuries are telling us else wise. Let's take a spin through our lead indicators today as well as Bitcoin.
Stew
⛓️ ? Useful Links ? ⛓️
My Twitter:https://twitter.com/stewdamus
My Telegram:https://t.me/stewdamus
My Trading Account:https://www.kucoin.com/ucenter/signup?rcode=rPJGNGN
My Trade Tracker:https://docs.google.com/spreadsheets/d/1HhilTNSTsS0Z10ORBk0BRG-r1q94r3dHWRZ84kwOlYQ/edit?usp=sharing
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https://www.youtube.com/watch?v=Bn5BeihPS84
Traders,
Alts are sitting precariously on a level of support right not. Will that support hold or will it fail? Let's look to the charts to find some more clues if we can.
Stew
⛓️ ? Useful Links ? ⛓️
My Twitter:
https://twitter.com/stewdamus
My Telegram:
https://t.me/stewdamus
Binance Referral Link:
https://www.binance.us/register?ref=54956984
My Spreadsheet Trade Tracker:
https://docs.google.com/spreadsheets/d/1HhilTNSTsS0Z10ORBk0BRG-r1q94r3dHWRZ84kwOlYQ/edit#gid=447207772
My 10k Portfolio:
https://dropstab.com/p/stewdamus10k-portfolio-9tqk00rtld
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https://www.youtube.com/watch?v=AiobuarKvdE
In this video:
* How to spot and draw a broadening wedge pattern.
* What constitutes an official broadening wedge pattern.
* Is the pattern bullish or bearish?
* What is the probability of breaking down vs. moving further up?
* How to measure target down and how to measure target up?
* Other notes to make on how to trade.
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https://www.youtube.com/watch?v=Jn-Ntihlqxc
[list]
[*] BTC.D broke through 47% resistance but could not confirm
[*] BTC then broke down through previous support
[*] Possible Cup and Handle pattern starting to form
[*] Bitcoin resting down in shorter term
[*] Weeks/Months out, this could be extremely bullish for hodl'ers
[*] Could indicate 80-100k Bitcoin by year end!
[/list]
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https://www.youtube.com/watch?v=-kAEQ94_i1E
Traders,
In my last post I was extremely bullish on APE coin. I had a target of $20+ and we reached and exceeded that target easily. If I was in that trade, I would have sold ALL and taken my profits at that point.
I continue to receive requests for my analysis on this coin. Unfortunately, you all are prolly not gonna like what I have found here.
Let's jump into the charts!
- Stew
⛓️ ? Useful Links ? ⛓️
My TradingView:
https://www.tradingview.com/u/stewdamus/
My Trade Tracker:
https://docs.google.com/spreadsheets/d/1viRw7nLCIHk2iByzrG7Wk2cSXmKsno2ZZK1ZuEJaP-A/edit?usp=sharing
My Subscription Site:
https://stewdam.us
All My Socials:
https://www.stewdam.us/p/social-media
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https://www.youtube.com/watch?v=0cz9LNrwTVk
#altcoins #altcoinseason #bullish #breakout #trianglebreak #technical #analysis #jasmy #shiba
Here is a quick rundown of my purple list. Some of these coins appear to be ready to explode very soon!
https://www.stewdam.us/p/these-altcoins-are-heating-up
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https://www.youtube.com/watch?v=dLWuQbXmIMY