ETH, are we breaking up?! :(If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
CRYPTOCAP:ETH same as CRYPTOCAP:BTC
1645 area
Broke above a nice flip area.
But, I have been hurt in the past by
break-ups that don't follow through
...and then she ends up moving back in...
So need this level to hold and continuation for confirmation.
ALTS
Bitcoin long : 2 targets.First target 27k and second target 28k.
I think 27k is easier to catch , but if anything drastic happens in the markets 28k should be considered as a good option.
Use proper risk management . Longing at these levels is risky.Overall my bias stands for more downside. I just like the setup and i think its worth taking the risk ,if btc goes down i still make money , i still have short positions opened from 30400$ region.
Comp, singing flat?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Giving off some looks here for an Elliott Wave flat pattern in motion.
Not the most ideal interpretation, tbh, but if certain parameters play out, confidence will be boosted.
$45 is the nearest area of interest and it is rejecting.
This would be the paths I will be looking to play out, and play if printed.
Cheers.
Market Recoveries: be Wary of DXYStock and Crypto markets should be aware that, while DXY appears to be in a free fall lending fuel for the recoveries we've been seeing across markets, it could yet turn back up - thus greatly shortening the fuel for these recoveries.
Scenarios:
- Very Short Recovery across markets -- DXY turns up here somewhere between the middle of the weekly or monthly middle of the W pattern shown on the weekly chart above
- Short but Stronger Recovery across markets - DXY still turns up in the same area as above, but it spends a good bit of time hanging out here before moving up towards 118
- Extended Recovery across markets - DXY falls and stays below the red box and continues down
#BITCOIN's 3 Year Moving Average = FIRM CEILINGWE SHOULD HAVE BROKEN above this 3 year average by now
and been using it as support to provide a launchpad into next year's having.
INSTEAD it has firmly been capping prices during these last few months when historicallym it would have been penetrated by now.
Quite concerning for those who are still heavily in #Altcoins
XRP price to beat.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Brook some big a big level but hold a pretty big level as well.
Not conviced the bull is back on this until there is a nice pump above .55 and a flip of this level.
Cheers
Guilty Pleasure Altcoins - Which are yours?Hi Traders, Investors and Speculators of Charts📈📉
I'm constantly on the lookout for projects with great potential. Microcaps often x10, x100 or even x1000 if you're lucky enough to catch them early AND take profits. However, today's post is something a little different.
Let's talk guilty-pleasure coins and let's get real. Have you ever invested (or are currently invested) in a coin that is considered a "bad investment" by the community? If so, which coins and why did you decide to go for it regardless ?
I'll go first... XRP 💰 I am still a hardcore believer in the fundamentals, even though I can't deny the evergrowing negative consensus and overwhelming bad rep that XRP gets from other analysts (often rightfully so). I've been a bag holder for many years, and my main reason is just sentimentality 😂
Now, VRAUSDT: The reason for using VRA/ Verasity for the cover is because I genuinely am undecided about this one. I'm not a big fan of coins who's decimals I can barely read so seeing a massive liquidity drain even before this microcap reached 0,09 isn't the best help for confidence in the project. However, the fundamentals seemed promising at the time.
Incase you missed it:
Verasity is a platform that aims to revolutionize the way that online video is viewed and monetized. It does this through a number of features including Proof of View (PoV), Engagement Rewards, VeraWallet, and VeraViews. PoV is a technology that uses blockchain to verify that users are actually watching videos, as opposed to simply clicking on them and then leaving. This helps to ensure that advertisers are only paying for genuine views.
Engagement Rewards rewards users with VRA tokens for watching videos, engaging with ads, and participating in other activities on the Verasity platform. This helps to create a more engaged and interactive viewing experience. VeraWallet is a secure wallet that allows users to store their VRA tokens and participate in the Verasity ecosystem. VeraViews is a decentralized video sharing platform that uses the Verasity platform to verify views and reward users.
All the above said, the fundamentals sounded great upon release. But obviously, something went wrong and I'll say this about it: The one thing I hate more than advertisements, is being forced to watch an ad. I've seen this new trend when I use apps on my phone that have ads. Suddenly, an annoying ad pops up. When trying to click the "X" or "Close" or "Skip" button, instead of actually taking me back to what I was doing (like very intensely playing solitaire) the click actually takes me to the site!
Could it be that the reason for the project not taking off so well is more people like me just find it annoying and related scenarios? Especially if your reward for watching a 30sec ad is worth 0,004c...
And so the question begs: Scam, guilty pleasure coin or worth-the-wait?
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LTC : Likely Repeating 2020 Fractal 📈Hi Traders, Investors and Speculators of Charts📈📉
LTCSDT / Litecoin is looking ready for another bullish cycle after a clear completion of the Elliot ABC correction Waves.
We see a very similar pattern playing out during 2020 and it gives us a good idea of what to expect from LTC before another parabolic rally.
While you're here 👋 Check out this idea on CRV :
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CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT COINBASE:LTCUSD BINANCE:LTCUSDT
DOT/USDT Technical Analysis: Ideal Zone for Potential GAINDOT/USDT Technical Analysis: Potential Accumulation Zone for Long-Term Gains
Current Price: $5
Chart Analysis:
DOT is currently trading well below its all-time high, presenting a potential opportunity for investors. A notable observation is the historical pattern of a 10x pump after a breakout from the last accumulation zone in 2020.
Present Situation:
The price has once again approached a similar accumulation zone, indicating the possibility of further downward movement. However, this could serve as an advantageous entry point for the next bullish phase.
Long-Term Strategy:
Consider accumulating DOT between the price range of $5 to $3. This range could provide a strong foundation for significant gains in the upcoming bull run.
Projected Targets:
While aiming for a new all-time high might be ambitious due to potential bag holders from the previous cycle, several target price levels could be lucrative: $10, $16, $23, and $31.
Cautious Approach:
It's essential to exercise caution and conduct thorough research before making any investment decisions. This analysis is a personal perspective and not financial advice.
Thank you for reading.
CRV : Time to LET GO of a Sinking DEX?Hi Traders, Investors and Speculators of Charts📈📉
One of the most important lessons you can learn in life is when it's time to let go. This holds true, even for crypto.
A recent hack caused a significant amount of damage to Curve Finance. As we thought the price of CRVUSDT couldn't possibly go any lower... CRV, Curve's native token, plummeted and is now nearly falling off my screen.
On July 30, Curve Finance was hacked for over $73 million worth of crypto. The hacker exploited a reentrancy vulnerability in Curve's code to drain liquidity from multiple pools.
(For Nerds): A reentrancy vulnerability is a type of exploit that occurs when a function calls another function, and the second function calls back to the first function. This can create a situation where the first function can call itself infinitely, which can lead to a denial-of-service attack or a financial exploit.
In the case of the Curve Finance hack, the hacker exploited a reentrancy vulnerability in the code for Curve's stablecoin swap function. The swap function allows users to swap one stablecoin for another. The hacker exploited the vulnerability by calling the swap function multiple times, each time withdrawing more liquidity from the pool. This caused the pool to become depleted, and the hacker was able to steal the remaining funds.
Reentrancy vulnerabilities are often found in smart contracts. Smart contracts are often used to automate financial transactions, and they are therefore often targets for hackers.
The anon hacker has since returned over $61 million worth of the stolen funds, but the remaining $12 million worth of funds is still missing.
AS YOU GUYS ALL KNOW, If you've been following me for a while , as soon as I see a > -95% drop in a coin's value WITHOUT a quick recovery... I can't help but lose faith. It's an obvious sign that the demand is lacking, the project has no real interest from the market. I feel sorry for the team; they've been around for a while and it's a well-know project. This hack was really the last thing that they needed. BUT, it happened and unless they can come up with great new way to add value to CRV, I won't be holding any more CRV.
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CRYPTOCAP:CRV BINANCE:CRVUSDT BINANCE:CRVUSDT.P BINANCE:CRVUSDT.P
BTC ❗ SHORTING Here gets you REKTHi Traders, Investors and Speculators of Charts📈📉
The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains.
When BTC trades range, many traders get shaken out (a term that implies "wicky" price action where stop loss gets triggered). A better bet for the moment is to focus on smaller cap altcoins that have much more upside potential and better risk reward setups at the moment than taking a short on Bitcoin.
Check out these coins instead of trying to trade Bitcoin whilst it is in range trading:
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BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSD
Alts need a 'Small Push' for a HUGE Pump!Market keeps going sideways after XRP vs SEC news favored the crypto market.
Today i will not talk about Fundamentals though but about Technical (TA).
What i like to call the 'All Time Trendline' is the biggest level in my analysis.
In this case this has clearly acted as support in March this year and more recently in June this summer.
At this stage this same level is resistance at 377 Billions.
If and when this level can be breached it can result to a massive Pump (a Rise) in Altcoins as the next level would be much higher at 600 billion dollars.
The price is trapped in a descending channel and those more likely end up offering breakouts.
We are very close to that breakout, we practically need a 'little push' over the 380 billion level.
Nasdaq might give us that little push coming closer to All Time Highs.
Be aware: we are still at resistance (the channel/yellow levels). We still need that little push to break much higher! So we will be on alert!
the Bad scenario is rejection and lower in the channel..still priced at 37-38% likelihood for 296 billion Total 3.
One Love,
The FXPROFESSOR
PS. Time for Alts to rise Bitcoin higher or will a systemic risk do the opposite? We will find out in the next 2-3 months! stay close, stay focused.
APE/USDT Technical Rally: From $1.70 Support to $10 Target!APE/USDT Technical Analysis: Potential Upside Amidst Support and Oversold Conditions
NYSE:APE is currently valued at $1.84 and is showing signs of being oversold on the charts, indicating a potential for a significant upward movement from its current level.
Key Observations:
Oversold Territory: The current chart analysis reveals that NYSE:APE is trading in an oversold area, which often suggests that a price reversal or strong bounce might be in the offing.
Solid Support at $1.70: The coin has found substantial support at the $1.70 mark. This support level could act as a buffer against sharp declines, potentially contributing to price stabilization.
Long-Term Accumulation Potential: While minor corrections could occur, the overall sentiment suggests that accumulating NYSE:APE for the long term could be a prudent strategy, given the current technical outlook.
Proposed Entry Points:
Entry 1: Consider initiating a position between the price range of $1.80 and $1.60. This zone provides an opportunity to enter the market before potential price gains.
Entry 2: For more risk-tolerant investors, an entry range of $1.20 to $1.00 could be explored. This range might yield greater rewards but comes with increased risk.
Price Targets:
Target 1: If the coin manages to breach the $4.50 resistance level, a price target of $4.50 is feasible. A successful breakthrough could trigger a significant upward movement.
Target 2: In the event that NYSE:APE surpasses the $4.50 level, the next targets to watch for are $10 and $15. A sustained move above $4.50 might generate momentum to push the price further upwards.
Conclusion:
Considering the current technical indicators and support levels, NYSE:APE appears to have the potential for substantial price movement. The oversold conditions and the presence of a strong support level at $1.70 add credence to the possibility of an upward trend. Investors may consider accumulating at the suggested entry points, with an eye on the resistance level at $4.50. If this level is breached, the coin could experience a significant rally towards the $10 to $15 range.
ALTSeason 2023: TOP 10 Altcoins I'm WatchingHi Traders, Investors and Speculators of Charts📈📉
In my recent DOGEUSDT post, I explained the dynamics of how money constantly rotates in the crypto markets AND how the BTC halving affects this phenomena. If you missed it, check it out here:
In short, after BTC rallies and cools down with a period of sideways trading, you can expect to see rallies across the Altcoin market, usually in order of market cap. Since we've already seen the higher cap alts rally like LTC and SOL; we can now expect to see parabolic rallies on "random" smaller-cap altcoins across the market.
Note that is is not for the immediate term, in other words not TODAY, but alts that can potentially go parabolic between Q3 and Q4 of this year. Here are the top ones that I'm watching:
1) DOGEUSDT (although not a small-cap, I'm super bullish on DOGE)
2) BATUSDT
3) NEOUSDT
4) GLMUSDT
5) HBARUSDT
I will update this chart over the next few days with the next 5, stay tuned
NOTE that the price-range tool is not intended to indicate the date, NOR does it indicate that I expect the price to go up in a straight line. Allthough the price has gone up in a straight line before, the altcoin market is more mature than last time. These are REALISTIC targets as the price has been there before, however you will need PATIENCE to get there. This post is mostly for those who accumulate with their eye on certain targets, in other words the HODLERS.
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BINANCE:DOGEUSDT COINBASE:DOGEUSD BITTREX:NEOUSD BINANCE:NEOUSDT BINANCE:BATUSDT BINANCE:GLMRUSDT BYBIT:HBARUSDT.P BYBIT:HBARUSDT
10x Your ALTCOIN Portfolio with these 💎 Hi Traders, Investors and Speculators of Charts📈📉
The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains.
Since we have already seen the rotation from BTC into higher market cap coins such as XRP, ETH, SOL and LTC, we can now expect to see rallies across the microcap altcoin market. But the altcoin market is more mature than last time. More and more investors are seeking to invest early in projects with real value, real use case and good fundamentals.
Today I'd like to point out a few of those altcoins that I'm watching:
1) SOLOUSDT
2) FGHTUSDT
3) SYNUSDT
As seen on the bottom chart
4) CQTUSDT
As seen on the top chart
STAY TUNED for more updates 🔥
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POLONIEX:SOLOUSDT CRYPTO:SOLOUSD UNISWAP3ETH:FGHTUSDT_7C7B2A.USD BINANCE:SYNUSDT OKX:CQTUSDT
AUCTION/USDT Technical Analysis: Potential Long Trade SetupAUCTION/USDT Technical Analysis: Potential Long Trade Setup
Hey Traders!
Check out this technical analysis on AUCTION/USDT for a potential long trade opportunity. Remember, this is not financial advice, and always do your own research before investing in any coins.
Price Action Analysis:
AUCTION/USDT has seen an impressive 300% surge in the past week. However, it's crucial to approach trading with caution and not let FOMO (Fear Of Missing Out) guide your decisions.
Long Entry Strategy:
Based on my analysis, Wave (III) seems to have completed, and a correction in the form of Wave (IV) could be coming. If you're considering a long position, wait for the completion of Wave (IV). A retracement of around 40-50% from the peak of Wave (III) is expected.
Ideal Entry Zone: $8.88 - $10
Stop Loss: $7.58
Price Targets:
Should the anticipated pattern play out, significant upside potential is possible. Primary price targets for the long trade are set at $17 and $22.
Risk Management:
Remember, risk management is crucial in trading. Enter the market with a well-calculated risk-reward ratio to protect your capital and avoid substantial losses. Consider short trading opportunities as well, but be aware that they may require a wider stop-loss due to higher volatility.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, so exercise caution and conduct thorough research before making any investment decisions.
Happy trading, and may the markets be in your favor!
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SOLOUSDT - UP 86%🥂 Next Target 65cHi Traders, Investors and Speculators of Charts📈📉
SOLOUSDT has since gone up 86% since my last post on it, as seen here:
If you're NOT looking to accumulate and you're swing trading, now is a great time to bag in some profits so cheers to you 🥂💥👍
If you missed out on the SOLO run, here are the other top 9 Altcoins on my watchlist:
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POLONIEX:SOLOUSDT CRYPTO:SOLOUSD
XRP/USDT Technical Analysis ( $10 Target is Next Bull Market ? )XRP/USDT Technical Analysis: Retracement and Targets
In this XRP/USDT technical analysis, we'll explore recent price movements and potential retracement levels. Please note this is not financial advice, and always do your own research.
XRP Price Overview:
XRP is trading at $0.77, surging 100% from the bottom level after the SEC clarified Ripple is not a security.
Expected Corrections:
Possible retracement levels:
0.5 Fib = $0.6983
0.618 Fib = $0.642
0.786 Fib = $0.5618
Strategy and Caution:
Avoid buying in FOMO, prioritize risk management, and research before investing.
Long-term Targets:
In the next bull run, XRP may reach $5, possibly hitting $10.
Accumulation Strategy:
Consider accumulating during dips, especially between 0.618 and 0.786 Fib levels.
Key Levels:
Support: $0.6983, $0.5618
Resistance: $0.88, $1.27, $1.60, Moon
Conclusion:
The recent XRP price surge shows promise for the upcoming bull market. Be cautious, conduct research, and invest wisely. Happy investing!
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Bitcoin Current Range Bound Update#BTC Update: Critical Level Alert
Current Support: $29,800
Resistance: $31,400
#Bitcoin price is at a pivotal juncture.
A break below $29,800 could lead to a test of $28,800 and $26,800.
However, a bounce from here may propel the price toward testing the resistance at $31,400 once again.