Why would anyone buy S&P when you can buy only the things you like (Google, Amazon, Apple, Adidas etc.)? Seems stupid to buy indices instead of an underlying asset. Maybe the people who bought crypto cheaply moved their money to indices recently. That explains why the price of indices is so high but I have no idea why should indices go down when they already exchanged their crypto millions into dollars...
On my Instagram you may have already seen these images:
[IMAGE: https://steemitimages.com/DQmRPNuA9qdNvqkTQi2WvTa56AoZoqoG4myAo8hywtyS4tE/Screen%20Shot%202018-04-08%20at%203.57.41%20PM.png]
[IMAGE: https://steemitimages.com/DQmeREBDK1d9zNgujt7Ff8pRDjpCehtLg6ryNgoSUqGm34k/Screen%20Shot%202018-04-08%20at%204.03.30%20PM.png]And here comes my connection with the Bitcoin chart:
[IMAGE: https://steemitimages.com/DQmeDpkUXft8zP8XW2cQiTDBwjz1gmzr5DTBEJm9jjexo7X/Screen%20Shot%202018-04-08%20at%205.53.10%20PM.png]I think you've already got that. Price is always coming back to the red trendline.
#BCHUSD
[IMAGE: https://steemitimages.com/DQme9q6ZMfsGfdGdpqYcPUysTDfMj9eu252us39cXwX6qU6/Screen%20Shot%202018-04-08%20at%206.03.12%20PM.png]Looks like it could go up but wait, there is this jump at the beginning:[IMAGE: https://steemitimages.com/DQmRG2NJu9kt4hjTUwET59tPnmrJR7X63pZSrgwp5LMAYZt/Screen%20Shot%202018-04-08%20at%206.06.03%20PM.png]
#STEEMUSD
[IMAGE: https://steemitimages.com/DQmbrgSbAs1jzX35VUFRctA58VptZJLCCtsLSS8hoPFsA7N/Screen%20Shot%202018-04-08%20at%206.11.04%20PM.png]I hope steem will go up, it could, but it could be a head with next stop at 0.8.
#XRPUSD
[IMAGE: https://steemitimages.com/DQmW6rFiPfpKnqzo1hady9fm61YETC2z6i6jR1uKtG4v5tU/Screen%20Shot%202018-04-08%20at%206.17.47%20PM.png]The maybeitsahead looks similar to the one above.
#ETHUSD
[IMAGE: https://steemitimages.com/DQmSP4MiCsrhLiJuHZKdunRG48WMdpztXMd6zYvH3kV54Ji/Screen%20Shot%202018-04-08%20at%206.19.45%20PM.png]Alright. I am going to buy ETH when the price reaches the bottom of the orange channel.
#CVCUSD
[IMAGE: https://steemitimages.com/DQmTdntdP2kAEZL9LgmnwwBC2dvRtghFetKqoiT3vPcojVJ/Screen%20Shot%202018-04-08%20at%206.22.26%20PM.png]So old trendlines. They are still working nicely.
#XEMUSD
[IMAGE: https://steemitimages.com/DQmdLcgtZ5hBzozS6AZD9wnkJKvXDST9ofn1RaSBPwZdz8n/Screen%20Shot%202018-04-08%20at%206.54.00%20PM.png]Same principle as on the top.
#XMRUSD
[IMAGE: https://steemitimages.com/DQmeDnZzqrSSPAaWwVu9TZALFgiYH3TYY4YdqjfuVvHjDF8/Screen%20Shot%202018-04-08%20at%206.56.28%20PM.png]
#LTCUSD
[IMAGE: https://steemitimages.com/DQmNMoqseyD7U6dbWcn6rpbvvsxXCtgMesBA2bLH4RPrMnC/Screen%20Shot%202018-04-08%20at%207.00.50%20PM.png]
#AMPUSD
[IMAGE: https://steemitimages.com/DQmQjVRtyuFJfzijKTGoUDwy96rvxxTDtvqCQ981Nd5uUoU/Screen%20Shot%202018-04-08%20at%207.03.39%20PM.png]
#BCNUSD
[IMAGE: https://steemitimages.com/DQmTxc9xZTwjRnSfTKMVLyWs5PvUaqWUZqvk5sYttfmXU79/Screen%20Shot%202018-04-08%20at%207.06.17%20PM.png]Looks like XRPUSD
#BCYUSD
[IMAGE: https://steemitimages.com/DQmUuKkP2MoETGuqhA6cGPoV2XhECAgWgPzQq5tEDdW8cK1/Screen%20Shot%202018-04-08%20at%207.08.58%20PM.png]
#BELAUSD
[IMAGE: https://steemitimages.com/DQmcyEGpUc1gRGqt4qm5cFqa6s7BZwtiK2U1MLyPDRMaLK6/Screen%20Shot%202018-04-08%20at%207.11.59%20PM.png]
#BLKUSD
[IMAGE: https://steemitimages.com/DQmRYBHYpWrxnuSA2dbnurLiumQGGNewYcjSAwQhLwuVbXs/Screen%20Shot%202018-04-08%20at%207.18.10%20PM.png]
#BTSUSD
[IMAGE: https://steemitimages.com/DQmQM8htzMLUEKtP12cuW1JGM8dtNwrF4qTogHtAiWcChgs/Screen%20Shot%202018-04-08%20at%207.24.30%20PM.png]
#BURSTUSD
[IMAGE: https://steemitimages.com/DQmP9xCY3xz4SW7npGT9euWjxikwZuCxwKy7eQqmN7mkT5X/Screen%20Shot%202018-04-08%20at%207.27.00%20PM.png]
#DASHUSD
[IMAGE: https://steemitimages.com/DQmQBu1kJw5kBnimfN3YN2P3DUGD89jZGSm8JwcYELYUjKS/Screen%20Shot%202018-04-08%20at%207.29.16%20PM.png]
#DGBUSD
[IMAGE: https://steemitimages.com/DQmaTvksgvJdNbWoxBsw3VdnwNfaKqHXCLxPuYQbm1ELZoF/Screen%20Shot%202018-04-08%20at%207.31.46%20PM.png]y 2018 similar to xrp
#DOGEUSD
[IMAGE: https://steemitimages.com/DQmRoERMtMhf5FYYaLX6tXVSCJREE6yA7Hs5XUJFdAPb6Da/Screen%20Shot%202018-04-08%20at%207.34.28%20PM.png]Mooon nooow wooou
#EMC2USD
[IMAGE: https://steemitimages.com/DQmVYbTqzKqcKSaCcerQy4hJpVtL8T2NzritvTmMidLTz6D/Screen%20Shot%202018-04-08%20at%207.37.26%20PM.png]
#ETCUSD
[IMAGE: https://steemitimages.com/DQmaXyAqmsiqnGd3ZwURHBFN9YCDjv1hFi7MwvCGaMNkHwc/Screen%20Shot%202018-04-08%20at%207.40.31%20PM.png]
#EXPUSD
[IMAGE: https://steemitimages.com/DQmY1muQeziyScdqCaiyG1rV1UPvvcGbkxPjyVx8QgQgaWn/Screen%20Shot%202018-04-08%20at%207.43.17%20PM.png]
#FCTUSD
[IMAGE: https://steemitimages.com/DQmYpbD3hNEQ6f7hwuXQEes6v8GygKZ2jzrKtxWqYUdm9yq/Screen%20Shot%202018-04-08%20at%207.59.39%20PM.png]
#GAMEUSD
[IMAGE: https://steemitimages.com/DQmTBZaa7nkNoaZMX3wWZsRkzVDN2pEP9HbE8TNfU7q1LdJ/Screen%20Shot%202018-04-08%20at%208.02.36%20PM.png]
#GASBTC
[IMAGE: https://steemitimages.com/DQmUvUDhxXzYFboHE1hMmymjG4PFosBqL2GgWBfeZZSguir/Screen%20Shot%202018-04-08%20at%208.04.50%20PM.png]
#GRCUSD
[IMAGE: https://steemitimages.com/DQmf4iVfhcnNSeP73VMg1sdKvpej44Z5ikCw5L8nF9wQMDn/Screen%20Shot%202018-04-08%20at%208.07.11%20PM.png]
#MAIDUSD
[IMAGE: https://steemitimages.com/DQmUr5DeuihRzCZMfPNWSk8NMXsEHii9iC5wDCuG844mgtz/Screen%20Shot%202018-04-08%20at%208.10.05%20PM.png]
#NEOSUSD
[IMAGE: https://steemitimages.com/DQmQ94pmxEs6bXvqeVQSiam5RyREufy6Yp6a88EdjCe3Bx1/Screen%20Shot%202018-04-08%20at%208.14.06%20PM.png]
#NXCUSD
[IMAGE: https://steemitimages.com/DQma5HMDH2JsyGjeU6a6NS7LCo3GzkUC1m1ME8qjwhPyK7x/Screen%20Shot%202018-04-08%20at%208.17.13%20PM.png]
#NXTUSD
[IMAGE: https://steemitimages.com/DQmNvuYm6wJjeiwSQT4RGpgCv7JDUSU37h8XFGXrUxSmymq/Screen%20Shot%202018-04-08%20at%208.19.44%20PM.png]The formation forming since 2018 should be called XRP. Or is it causal nexus?
#PASCUSD
[IMAGE: https://steemitimages.com/DQmSZNcvT2oBpERdNeNdXNjMyD1EnUWy3VQYrnCRGV44f9z/Screen%20Shot%202018-04-08%20at%208.23.53%20PM.png]I will not sell this just because...
#PINKUSD
[IMAGE: https://steemitimages.com/DQmTvYTNESig14F4Py4BLt9o2empRZU84qsRaRAhpFBXpVw/Screen%20Shot%202018-04-08%20at%208.26.27%20PM.png]
#POTUSD
[IMAGE: https://steemitimages.com/DQmY1n8sZZ6k4fQvGmB14LVmeCumVRs6zKHprV91ph2z9uJ/Screen%20Shot%202018-04-08%20at%208.28.57%20PM.png]
#PPCUSD
[IMAGE: https://steemitimages.com/DQmWrVfQfvxHH2uuxxb3MyBq2enLw5j4PUhrGkBjcDB88pY/Screen%20Shot%202018-04-08%20at%208.30.17%20PM.png]
#RICUSD
[IMAGE: https://steemitimages.com/DQmdEfSHdVkPQrwvjGjZZoFX5QUsqEr5HrxSvFGMpPZXbCT/Screen%20Shot%202018-04-08%20at%208.32.56%20PM.png]
#SCUSD
[IMAGE: https://steemitimages.com/DQmNrZxHnCLemJsdLQzGjgpREU57GJi3pLrrRDi6Gi4yKY1/Screen%20Shot%202018-04-08%20at%208.34.27%20PM.png]
#STRUSD
[IMAGE: https://steemitimages.com/DQmPP8MbWF6Zeg6bvDmr84NbM6Ri9LjJsaUdk346yAvcKPF/Screen%20Shot%202018-04-08%20at%208.37.38%20PM.png]
#VIAUSD
[IMAGE: https://steemitimages.com/DQmSTE7GW4Mwi7VUk1Hnmm8BSsr3PDxoTDYT4fomTQcF6Rb/Screen%20Shot%202018-04-08%20at%208.39.36%20PM.png]
#XBCUSD
[IMAGE: https://steemitimages.com/DQmebfM9SQUGF5aTYbf8qJJ4ZzdpdFqFt95saEXrYSA6AJ4/Screen%20Shot%202018-04-08%20at%208.41.45%20PM.png]
#XCPUSD
[IMAGE: https://steemitimages.com/DQmcahwgrmmL2jEaTGERycijvaPCZroqc3wj3U5jDwiTP6a/Screen%20Shot%202018-04-08%20at%208.43.33%20PM.png]
#XPMUSD
[IMAGE: https://steemitimages.com/DQmTjxkMuKzVZL79sZ549EYv3R9ijqAioS4DfQxEuL9GhHD/Screen%20Shot%202018-04-08%20at%208.55.15%20PM.png]
#ZECUSD
[IMAGE: https://steemitimages.com/DQmcqcskc9TiEDaGGGCwyJfTwEwHf3EBp7obz1GnzXTVM99/Screen%20Shot%202018-04-08%20at%208.56.39%20PM.png]Another one to hodl just because... and here comes the third one:
#ZRXUSD
[IMAGE: https://steemitimages.com/DQmaWS4BBpLsD4yjUzTgnadgGrNyFBUhWLQt4L3rr5yUTDM/Screen%20Shot%202018-04-08%20at%208.59.03%20PM.png]
- And here comes the million dollar question: Which of those coins will find use in 'real' life?
- I just came up with an idea on why the strategy connect lowest points with a trendline and set waiting orders around that trendline works. Banks/Hedge funds know about that theory too so they place a big order for buy on the trendline. Everyone can take a look where the order sits (not sure where but you sure can) so nobody is buying until the price reaches the trendline.
- Soo many ideas today 😃 another one is about answering the #million dollar question: I think that you/we can find good looking TA only on usable coins.
- When you get my first paragraph at the beginning of this post I hope everyone will sell indices and buy #crypto. market cap of S&P is US$13 trillion. Please spill it over to #cryptocurrencies
- Great idea to write my bachelor thesis about the fundamental analysis of Forex markets. I should rather write it about a ​ fundamental analysis of cryptos. They don't know as much about crypto as about markets...
Risk disclosure​: Not a trading advice.
Sources: tradingview.com, systematic thinking