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Altseason2021

Bitcoin Cash (BCH) Analysis 07/03/2021Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another. As a permission less, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors. Transactions cannot be censored by governments or other centralized corporations. Similarly, funds cannot be seized or frozen — because financial third parties have no control over the Bitcoin Cash network. Bitcoin Cash combines gold-like scarcity with the spendable nature of cash. With a limited total supply of 21 million coins, Bitcoin Cash is provably scarce and, like physical cash, can be easily spent. Transactions are fast with transaction fees typically less than a tenth of a cent. Anybody can accept Bitcoin Cash payments with a smartphone or computer. Bitcoin Cash has various use cases. In addition to peer-to-peer payments between individuals, Bitcoin Cash can be used to pay participating merchants for goods and services in-store and online. Very low fees enable new micro-transaction economies, such as tipping content creators and rewarding app users a few cents. Bitcoin Cash also reduces the fees and settlement times for remittances and cross-border trade. Other use cases include tokens, simplified smart contracts, and private payments with tools such as CashShuffle and CashFusion. Bitcoin Cash different from Bitcoin: In 2017, the Bitcoin project and its community split in two over concerns about Bitcoin’s scalability. The result was a hard fork which created Bitcoin Cash, a new cryptocurrency considered by supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash. Bitcoin, which was invented by the pseudonymous Satoshi Nakomoto remains a separate cryptocurrency. Unlike Bitcoin BTC, Bitcoin Cash aims to scale so it can meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network. Technical: as you can see the price has broken up from its accumulation zone and is rallying in an Ascending Broadening Wedge, and by Fibonacci Projection we can predict the total of 2 TPs where if the 1TP gets triggered then 2TP is confirmed. i have projected the targets based on the boundary of the Wedge and its confluences with Fibonacci projection Levels of 161.8% and 261.8%. they are on rounded up numbers
Long
by BitonGroup
4
BITCOIN BTC Now 3 active inverted head and shoulder formations!Dear traders, Here the 30 minute chart of Bitcoin. Bitcoin is still trapped between 51724 and 60703 USD but we now have formed 3 active inverted head and shoulder formations. Interesting to see how that develops. These patterns have as targets 61500, 65000 and 68700. Look at my previous Bitcoin analysis for important support and resistance levels. This is my personal take on Bitcoin and not investment advice. Always do your own research before trading and apply stops and money management fro safeguarding your capital!
Long
by PegasusTechCharts
9
EOS About to see new ATH!!!Here's a quick look at EOS 4 hr chart. As we can see, the price has been forming a rounded bottom pattern and is very close to break the overhead resistance! If we break to the upside, we will see new ATH!! Keep an eye on this! The idea is: Buy the breakout from the bigger yellow bull flag and Take profits at the levels shown in the chart. Targets: 1. 10$ 2. 11.4$ 3. 15.7 Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
6
MATIC Loading up for a bigger move! Here's a quick look at MATIC 2 hr chart. As we can see, the price has printed a bigger bull flag. We might see a bigger breakout to the upside, and when it does break to the upside, it will probably see new ATH! Keep an eye on this! The idea is: Buy the breakout from the bigger yellow bull flag and Take profits at the levels shown in the chart. Targets: 1. 0.84$ 2. 0.93$ 3. 1.1$ Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
MLong
by MBM_Crypto
3
CAKE looking for continuation Here's a quick look at CAKE 30 min chart. As we can see, the price is right now printing a bull pennant which is a continuation sign. CAKE had a great run and could easily go higher from here! Keep an eye on CAKE! The idea is: Buy the breakout from the falling channel and Take profits at the levels shown in the chart. Targets: 1. 42.5$ 2. 44$ 3. 47$ 4. 52$ Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
4
SXP/USDT: Huge Cup and Handle on the daily!SXP has been respecting fib levels to the dot and only recently, it has managed to hit an ATH at 5.638, with a major strong support validated at the 2.52 zone. On the larger timeframe an obvious cup and handle has been forming over several months. Now we look for a retracement along side BTC approaching resistance, with ENTRY LONG targets of 0.618 to 0.5 fib levels, which has previously served as a strong support - the $4.5 zone has seen repeated rebounds after SXP gets rejected off $5.2 resistance in the earlier days of April 2021. ENTRY: 4.35-4.7 Targets: 5.6, 7.588 and 9.1252 (the completion of the cup and handle formation) SL: For stop loss we can choose a tight stop at $3.9509 or if would like more allowance for volatility, stop loss can be placed at $3.4798, beyond which a bullish retracement is definitely invalidated and we look more for a DOUBLE BOTTOM or a RANGE between $2.5-5.5 NOTE: A daily bullish close above 5.01 would mean validation of the previous resistance cluster as support, which might mean our entries may not even be filled. However, this is not a likely scenario due to the extended run SXP had went from 23 April without a real correction.
Long
by Gold_D_Roger
DOGE UpdateHere's a quick look at doge 2 hr chart. As we can see, the price has been in a symmetrical triangle for some time now and soon we will see a move! If it breaks to the upside, we might get to new ATH! Keep an eye on this. The idea is: Buy the breakout from the triangle and Take profits at the levels shown in the chart. Targets: 1. 0.36$ 2. 0.4$ 3. 0.44$ 4. 0.62$ Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
10
BTC Rejected by the 200 EMA!Here's a quick look at BTC 4 hr chart. As we can see the price is right now in a bigger falling wedge. Also the 200 EMA on the 4 hr chart has worked as a support throughout the bullrun. If we can get back above and close above it, that would be a bullish sign - otherwise we will continue lower! Also the resistance zone is a very important zone to overcome. If the price can manage to get past the resistance zone, 60k is then very likely and i should remind you that we've got an unfilled CME gap at 60.3k. The volume is decreasing and the price is increasing - that's a bearish sign! We are at the top of the falling wedge, and it would make sense to get a pullback or a bigger breakout to the upside. If we break below the crucial zone, the price will very likely get down to the support zone. Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
10
TRON to $3.11 or $42Before you crucify me... Yep I know! Market cap big big! Is that even possible? Well first target ($3.11 +22x) would put the market cap at around 190b. If I compare that to where the market is now it doesn't look likely but if I compare it to where I think the rest of the market will be by the end of the year; it starts looking more reasonable. However, the second target ($42 +340x) would put it at 2.7t... In its current state I don't think that's possible. But If there's one thing I've learnt from being in this market; it's that sometimes the chart can hint at what's going to happen well before it actually happens... So that makes me wonder what could get TRON to these crazy numbers? A massive token burn maybe? Some kind of burn function incorporated into the protocol that makes it deflationary? I'm just speculating now. Only thing I can say for sure is that if TRON gets back to my buy box I'll be loading the boat. Key points: A retrace back to .04c - 0.072c would be an awesome opportunity to get long The stop-loss for this trade would be just under the 3/1 Gann fan line which is constantly moving higher First target is $3.11 and is a confluence zone for the parallel channel and the 1/1 Gann fan line Second target is the 1.618 fib target for a wave 3 and is also in confluence with the 1/1 Gann fan line if it takes until FEB 2022 to play out Lets not even go into where the wave 5 is projected to go in 2024-25. Never Trust. Verify. D.Y.O.R. Not Financial Advice Just an Observation. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BINANCE:TRXUSDLong
by TribeWriter666
39