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Jackrabbit

Ethereum, potentially difficult market aheadEthereum looks to be a mixed bag at the moment. With the weekly 200 period moving upwards slightly, the overall outlook looks positive. However, the 4 hour and daily 200 period moving averages sloping downward as sharply as they are, it would seem to suggest that the market may still move lower before any strong upward price action becomes prevalent. While the combinationation of moving averages suggest that the worst of the bear market, starting around November 14th, 2021, may be behind us, I'm not so sure as the larger economic picture of global inflation begins to take root. I personally believe a much deeper look at risk mitigation needs to be considered before entering the market. Any level of trading must absolutely consider trend and momentum. Intelligent dollar cost averages is going to be the forefront of any stable and profitable trading. While the weekly still clearly shows upward movement in momentum, shorting the market is going to have much higher risks, espacially with the 1 hour 200 period moving average demonstrating a consolidation and indecision frequency.
by RobertD7723
Short term stability in BATThe current market of BAT seem to be very profitable of time frames of 15 minutes or less using a momentum in the current timeframe with a RSI on the 4 hour for trend direction. Both momentum and RSI are set to 200 periods to identify and catch potential strong upwards movement is the market. Overall, the market looks very good with proper dollar cost averaging (DCA) using a simple take profit. I'm using 1% in this chart to keep exposure to a minimum while increasing the probability of a relatively quick exit. Even with the rather deep bearish trend we have had, this approach still does quite well with minimum risks. One of the nicest features of this approach is that accumulation is limited, but very opportunistic. This approach should perform very well as it avoids downtrends fairly consistently, but still very responsive to DCA opportunities.
Long
by RobertD7723
Bitcoin price leveling outUsing Bollinger bands with momentum on the 1 hour and 4 hour time frames for dollar cost averaging, it seems that Bitcoin is beginning to level out and stabilize in price action. This could be the bottom of this downward trend we have seen since the middle of November of 2021, however, I believe caution needs to be used and careful planning. Based upon the market's recent events of unpredictability and unstable volatility, I believe dollar cost averaging is the best approach over the long term in dealing with this unusual market while protecting your investment. Whether or not this trend continues, it really doesn't matter as this is a good middle range point to pick up a few more positions in it for either a nice little profit if the market does rise, or a stable accumulation point for a continued downtrend. The only thing that is really clear at the moment, is that the market is at a pivotal point. Risk mitigation and budget management skills are a requirement as this really could go either way.
by RobertD7723
3
CVC: The hidden gem with a dark sideCVC (Civic) is a hidden gem with a dark side. With a market cap of only 20.12 M, this coin has quite a good history of scalping, as well as being stuck in a sideways rutt for months. Its an interesting coin to trade simply because of its unique behavior, however, one must understand the risks involved. This coin has a low market cap, so additional care must be used while trading it. Also, the dynamics of such a coin do require a bit more of a budget to manage its unexpected drops. This type of coin is really a very good coin though, for a saving account paradigm (constant dollar cost averaging at fixed percentages or steps), with the proper budget. 100 leverls at 1% of a linear base level can result in consistent profits, but don't be complacent about your risk assessment.
Long
by RobertD7723