Price is starting to squeeze on declining volume. We'll know if which way this thing is going once we break an inside bar. I'm watching the 15 minute chart.
Really looks like we’re in a bit of a descending wedge ranging between 57-58k bottom and 61-62k. Whales are most likely going to keep us in there through tomorrow, with max pain levels at 55-56k so they’ll be trying to get us lower. So much resistance at 58k could fight them off and give us a great weekend/first week of November
I went long at $60,288 when price broke the 15 minute inside bar. It's starting to run now. I'll prob take profit at around $61,500.
Imagine if you were quick enough to long on the 15min wick down to 57.8k Holy shit what a quick profit that would’ve been
None taken. Cardano broke Harrison Beck, one of the biggest ADA skeptics in here. The more people try to twist themselves into a pretzel trying to shit on Cardano, the more my confidence grows.
I know I’ll probably get blasted and made fun of here but hoping for a few good responses. So I’m a complete newbie to crypto, try to read up on some of it and trying to understand it more and more. I know almost absolutely nothing about how prices rise and fall with crypto, how to maybe read some signs of it will play out etc. so my few questions are is there a good piece of material for me to possibly read or a something along those lines to learn more about crypto? Also I use Coinbase pro and and some play money in there, but I read about these tokens that are just coming out and they explode quickly, is there a platform where you purchase those types before they hit a Coinbase or Robinhood?
Robinhood has only 7 coins to choose from. It sounds like you're trying to hit the lottery and get rich quick. Speaking from experience, that's a bad strategy. Look up coins that can give you a yield. DOT is a great one, but has recently made a big run. My protfolio is 2/3 ETH . Just going on the coinbase app and watching the random intro videos is really helpful (my mom has a basic understanding of crypto now because of it).
Typically in the past, whenever random people show up to this thread, the whole market tanks a few weeks after. If you get into a random alt coin, get out with profit before it tumbles down.
You will learn a lot and get differing opinions just by following this thread, so that is a good start. In my small sample size of experience, prices rise and fall quite a bit but generally will be higher down the line if you hold. My experience is also basically ETH/ BTC only.
Let me clarify a little, so I already have some money in BTC, ETH, GRT, XLM etc. Im now looking at finding those alt coins and putting $40-50 on them and just see if they explode. So yes get rich quick scheme but still have my other portfolio that is more stable.
I threw some money at Mina before it broke into the top 100 and I think it could run a lot more. I almost bought some MiamiCoin because i assume it will get pumped by some corrupt group in Miami. Nimiq is another one that I've randomly seen rumors on that is really low market cap that's been on my watch list for a few months (it was in the 900's in market cap when I started watching, but didn't buy any)....just checked and it's up quite a bit recently. I like the potential of the tech and also the fact it has a ton of coins in circulation because people love to own 1m coins
Where’s the best place to purchase these at? I’m not seeing them on Coinbase pro or am I blind and stupid?
You may want to look for the next "Ethereum killer" in a high market cap and just throw $50 on 20 of them. You'd have made 5k if you had bought $50 of Solana a year ago.
KuCoin is a very popular exchange for microcaps, but is not going to be the easiest to use, as it requires you to transfer into USDT or trade with BTC/ETH
My mouse got stuck so I colored on this, but I'm too lazy to take another screenshot. Go to CoinMarketCap then tap over to market and it says where you can buy. I'm not suggesting you should by the ones I mentioned. I just was sharing the two low market cap coins I had on my watchlist.
A simple thing I started doing when purchasing was just watching the RSI. I didn't try to get greedy and time it right, but I started waiting for the RSI to drop below 50 then I'd buy. I was tired of buying randomly and then seeing it drop down right away (only to rebound higher). I was more patient when buying ETH and SOL more recently and both helped get me about 10% more coins for the money. Solana 1H chart was bouncing pretty consistenly off the 30 RSI so once it was at 30 on 1H and below 50 on day, I bought. ETH was 35 off 1H and Day. It was likely blind luck, but it's helped me in my last few purchases. *there's other indicators and MA/TA you can look at, but I found that keeping it simple has worked the best, although it's been a small sample size.
You’re probably best looking at kucoin for the moonshots. Once they’re on Coinbase they’re already well known
I'll gladly admit I was wrong by the way. If Cardano executes on it's insanely ambitious vision, would be one of the great FU's in history. I just see a bunch of very political-esque photo-ops African leaders and very little commerce taking place on the platform. We'll see, as user15000 likes to say the market will prove us all correct / incorrect eventually
Cardano's down 8% this week, so I'm sure you'll be able to flip it for a little profit, but you're not going to hit a 100x on Cardano.It would have to have the market cap 6x BTC's current market cap to 100x.
trying to buy some shitcoins and my brain is about to explode trying to figure how to buy on these dumbass exchanges
Maybe in like 5 years if the platform actually turns out to be worth a shit Not looking too great right now
Here comes the volitility. Edit: maybe not. They closed already with not much going on. This article explores the question I've been asking every month about why we dump around the 20th. https://coinmarketcap.com/alexandri...etween-futures-expiration-day-and-market-dump
I'm reading about Cardano and one constant theme is the fact that their development model is to "get it right the first time". The problem is, they can only test so many things. Huge volumes find ways to break things.
Still looking into Cardano, and they don't have any DApps. Here's a list of top platforms . EOS could be one to buy (zero research, but it's at $4.5 with an 2021 ATH over $14 and actual ATH over $21) . Why isn't Solana on this list? https://www.stateofthedapps.com/stats https://www.investing.com/news/cryp...ate-cardano-yet-to-support-full-dapps-2637602