ALTS
XLM - Good Time to BAG RROFITS 💰Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Taking a quick look at Stellar / XLMUSDT which already increased nearly 60%. This is an altcoin that's been on my watchlist since early this year, and I believe a pullback seems logical from this point.
The technical indicators RSI is showing overbought in the weekly. The Momentum in lower timeframes shows that sellers are taking control and the LSMA has fallen under 50.
This point to a possible short term correction, which is only natural after a bullish 60% upward move.
While you're here 👀 Check out LINKUSDT :
My early accumulation plan for XLM :
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Profit Potential Ahead: GMX/USDT Chart Analysis Anticipates UpwaProfit Potential Ahead: GMX/USDT Chart Analysis Anticipates Upward Breakout After Brief Dip:-
Greetings traders,
I would like to share my analysis on the #GMX/USDT chart with you all. As of now, the price is hovering around $75.35, and I am anticipating a slight downside move before witnessing an upward breakout.
My first entry point for this trade would be around $71, with a second entry point of $77 following the breakout. I have set my targets at $81.30 and $85, respectively, with a stop loss placed manually at $70 after the entry is filled.
It's essential to note that trading involves some level of risk, and it's crucial to perform your due diligence and assess your risk tolerance before entering any trades.
In conclusion, I believe there is potential for profits to be made in this trade, and I encourage you all to keep an eye on the GMX/USDT chart for any potential trading opportunities.
DYDX USDT | Full technical analysis and mid term opportunity#DYDX/USDT
The price bounced from the support. It gives us a higher swing low in the bearish market.
It's a bullish signal showing that the market is going to correct the previous bearish wave or start a bullish trend.
So, it's time for position traders. It's possible to start building long positions.
Any pullbacks in the hourly time frames can be used for swing trading.
targets will be between 5.5, 7 and 10
and you may put stop-loss under 2.5 (weekly close)
this is a mid term signal so DCA from the current levels will be perfect
thanks.
BTC Bottom inThe BTC bottom is in. This is the last scary candle before the start of the slow rising.
One of the major facts that contribute to the bottom is in theory this week was the Donald Trump NFT collection launch, here are my brief thoughts on it:
- Donald Trump surprisingly launches his NFT collection in 180 degrees move in his opinion about crypto. He has just launched it now, after FTX fall, after Sam went to jail, very close to XRP settlement, close to BTC bottom and on the Polygon network.
- Trump is also an official candidate for the US presidency which makes things very interesting because now his opposition has only two options, take a contrary approach to crypto to attack Trump or make their own NFT to compete and not let him get the benefit alone. I see a next-to-zero chance of Trump's opposition going against the industry just to attack him, that would be very silly, so we are going to have some sort of "Democrats NFT" coming shortly. In politics, if you don't have what your opponent has, you are losing. Trump NFTs are already sold out, if you like it or not, the news about it was all over the place. To catch up, and show that they also can, the democrats will launch their own for sure.
This scenario brings a very interesting thing. Having politicians, of the major American parties using blockchain to launch their NFTs, put them in a seat that is hard to condone the industry. How Trump can now criticise cryptocurrency if he is the one using it?
I have to admit, this was a very smart move by Mr. Trump.
obs:
*I don't care if you like Trump or not
*I am not interested in the quality of the NFT, just the fact that they were launched
*This is not about politics so if you are a trigger-brainwashed militant, please go away
*If I am wrong and BTC drops to 12k, bad luck, I was wrong, and that is all
SHIU - This ALTSEASON: Meet SHIRTUM 💰⚽💰Hi Traders, Investors and Speculators of the Charts 📈📉
Shirtum / SHIUUSDT is a fairly new token that poses a great opportunity. Currently trading in an ideal accumulation zone; a previous fractal shows the potential for a near +300% increase from this point.
Don't sleep on this altcoin, but remember to pre set your orders as this alt seems prone to pumping and dumping, which can be seen by the excessive wicking.
Since you're here 👀 Here's my current outlook on Bitcoin:
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ETH/BTC Bear Flag Pattern Forming Attention traders,
I am sharing my analysis on ETH/BTC trading at 0.064 BTC. Based on the chart pattern, I have a bearish outlook on this pair.
Currently, a bearish flag is forming, and I am waiting for a breakdown for strong confirmations. The bear flag support is around 0.063 BTC, and the resistance level is at 0.066 BTC.
As per my chart analysis, I am expecting two targets:
Target 1: 0.0583 BTC
Target 2: 0.0532 BTC
This represents a potential 17% downside from the current trading level.
Please remember to place your stop loss as per your preferred risk-reward ratio. Stay vigilant and trade responsibly.
Disclaimer: This is my personal analysis and not financial advice. Always conduct your research before making any trading decisions.
CHAINLINK Loves JUNE / JULY 🚀Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
When it comes to macro trends and cycles or phases; I prefer to make use of fractals and probability. (I'll do a video on probability at some point in the near future, stay tuned!)
I've done a number of updates on LINKUSDT. It's of particular interest to me because it has lagged in the sense that it's still consolidating. Consolidation is a "bullish" sign, because after consolidation comes the next rally.
Considering that LINK rallies almost EVERY YEAR during JUNE - JULY, there is a high probability that this year will be the same, especially considering the extended consolidation phase. I'm not saying the price won't go up before then but it's certainly a month to keep your eye on.
Don't forget to check out the latest updates on Bitcoin, Cardano and XRP !
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Bitcoin Bull Market Target $200k ?Bitcoin Log Chart Analysis
- The author believes that the correct fit for Bitcoin's growth is a square root function in a logarithmic chart, suggesting that growth will slow down on long timescales.
- The author is a long-term Bitcoin bull, but remains realistic about the potential for exponential growth.
- The author attributes Bitcoin's growth cycles to halvings, which cause a supply shock and subsequent rally.
- The author estimates that the long-term goal for Bitcoin in 2025+ is around $150k USD, which they believe to be the final asymptotic price.
- Based on historical data, the author believes that Bitcoin could be around $35k going into the next halving.
- The author hopes that their chart helps people understand the long-term growth dynamics of Bitcoin, but acknowledges that these ideas are only probabilistic.
Ethereum Technical Analysis Chart Title: ETH/USDT Technical Analysis: Key Breakout Levels to Watch Out For
Key points:
- ETH/USDT is currently trading at $1804, marking a 5% increase in the last 24 hours.
- Traders are advised to wait for breakout confirmation before entering any trade.
- Two possible scenarios to keep in mind:
- If the resistance level of $1830 is breached, the price could surge to $2000-$2150.
- If the resistance level holds, the first stop would be at the support level of $1700, with a potential further drop to $1400-$1500.
- To make the right trading decision, traders must wait for the breakout point and confirmations before entering any trade.
- The support level for ETH/USDT is at $1700, while the resistance level is at $1830.
In conclusion, ETH/USDT is currently trading at a crucial level, and traders must be cautious before making any trading decision. Keep a close eye on the key breakout levels of $1830 resistance and $1700 support for successful trading in ETH/USDT.
Bitcoin Descending Triangle Pattern UpdateBitcoin LTF Chart Update: Descending Triangle Formation and Potential Breakout
Bitcoin (BTC) has been forming a descending triangle pattern on its lower time frame (LTF) chart, indicating a potential breakout in the near future. Traders should keep a strong eye on the support and resistance levels as they could signal a significant move in the market.
Currently, the downward sloping trendline of the descending triangle is acting as a strong resistance level around $27850, while the horizontal support line is located near $26800. Traders should wait for a confirmed breakout before making any trading decisions, as trading blindly can be detrimental to your portfolio.
If BTC breaks out above the resistance level, we could see a potential upward movement of around 16% from the breakout point, leading to a target of $32000. However, if BTC breaks down below the support level, we could see a potential downward movement of around 16%, leading to a target of $22500.
It is important to keep in mind that trading involves risk and it is advisable to trade after confirming the breakout. Traders should never make any trade blindly without proper analysis and risk management.
In conclusion, the descending triangle formation on the BTC LTF chart indicates a potential breakout in the near future, and traders should keep a close eye on the support and resistance levels to make informed trading decisions. Remember to trade with caution and always use risk management strategies to protect your portfolio.
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Is DYDX/USDt 650% Potential as per Chart?$DYDX
DYDX/USDT Technical Analysis:-
= The technical analysis indicates that $DYDX is looking good at its current level, with a strong neck line resistance already broken and a retest of the support level.
= The strong resistance level has now become a strong support level, indicating bullish momentum. As per the chart, we are expecting $DYDX to hit our resistance levels at $6.30, / $9.40, and $14.50.
This translates to a potential 650% gain from the retest/support level!
= As always, this is not financial advice, and we urge you to conduct your own research before investing in any coins.
Thank you, and happy trading!
IMX/USDT 35% down from our entry... Congrats #IMX has hit our targets!
Our short call resulted in a 35% profit from entry
I've closed my position and waiting for a potential reversal.
If support holds, we could see an upward move. Otherwise, our next target is $0.88.
Remember to always wait for good confirmations before opening a trade.
Happy trading!
#cryptotrading #technicalanalysis #IMXUSDT #crypto #alts #Altcoins #binance #Profit
3 PHASES / FACES of XRPHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
As you all know by now, I'm a huge fan of XRP. The fundamentals are promising, and I've done a number of posts on these. Including:
AND
These posts cover the fundamentals and key concerns for altcoin XRPUSDT. However, if we take a look at the actual chart, it doesn't look great (in all honesty). Ideally, on any coin, you want to see growth. You don't want to see a continious return to lowest lows. Instead, like Bitcoin, you want to see higher lows over time and higher highs. Now one could argue this observation two ways : either for or against XRP.
Which ever way you decide to argue, it's noteworthy to appreciate the simplicity of the market cycles occurring on XRP - Pump , Dump, and Consolidate until next Pump. We've recently seen a +30% pump, can you guess what comes next?
I think the chart is self explanatory; in it's complexity, it's actually pretty simple : Buy LOW, sell HIGH. Don't be greedy, take profits.
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INJ Trade Idea My thoughts on a bearish scenario for INJUSDT.
After a SFP (swing fail pattern) sees price come back into range and retest the previous high as resistance, as well as BTC slowing down its rally and losing momentum, this is when alts bleed heavily against bitcoin. INJ has an almost textbook Head & Shoulders reversal pattern that's broke below the neckline. For me, if price doesn't bounce at the $3.57 mark then these are my 4 Take Profit areas i'm looking at:
TP1 - top of the first bullish OB that started a very strong rally, no doubt there will be some buyers there looking to defend large positions.
TP2 - The base of the OB offering a better R:R
TP3 - An important DBR (Drop Base Rally) that offers a great R:R to flip long, maximising the full way down the previous rally.
TP4 - For me if we are to reach this area something has to go horribly wrong with BTC, perhaps down to the 19-20k range again which is possible but I do think a 50% retrace down to this level is unlikely, however a great short move if completed.
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So this has just been birthed onto Binance. Because of the lack of context and price action, I would be a bit more leery about it. BUT, its got some Elliott wave looks but its giving me mixed signals, so I just blindly entry one way and hope for thr best...just kidding, I wait for confirmation. The levels, though, seem to be reactive. On the bull side would want to see the PA bust up beyond 1.31 and flip that level to support. Bear side..1.18.
Cheers!
BTCUSDT needs correctionIts been 8 day of the range of BTC. I like that 100 ema and 200 ema finally crossed on D TF. Usually its a good bullish sign. Now, lets hope that the price will not go below 200 ema.
RSI already crossed and shows us that BTC may go to correction, how deep it will go i dont know.
So far if you want to long BTC , only when it will break 28900
short if it goes below 26600
So far you can focus on ALTS , some of them may pump and some go to good correction since BTC.D and BTC are not active right now