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To HODL or not to HODL?My friends is it time to suspend our trip "to the moon" ? Or maybe we Buy the dip and juice this rocket to "the moon" or even better MARS aka the infamous $1,000,000 price where we will all exit our golden positions perfectly in sync and buy a yaught together where we can party and talk about the good old times when we scammed the market for a cheeky mil. These are the questions we should ask ourselfs comrades. Defi dipping, volatility increasing, uncertainty upon us. What does a HODL do in such a scenario? Ninja
Short
by NinjaTradingServices
1
Seek Limited (ASX:SEK) Consolidation on new highs or rejection? Seek Limited is an online employment platform actively used in Australia and Internationally. With the pandemic and the massive slashing of jobs the recovery of covid greatly benefited Seek and is shown through the company share price reaching an all time high again. However to see Seek's future price movement we should look at Technical Analysis as they both tell there own story. On technical terms the current share price is deemed overvalued and is prompting a correction. Bearish Evidence: --> RSI is oversold --> MFI is oversold --> Japanese Bearish Candlestick pattern "Dark Cloud Cover" developed on the 12/04/2021 --> Possible resistance level at past yearly high ($31.79) --> Linear regression oversold (2 Standard Deviations) --> Mean reversion oversold (2 Standard Deviations) Bullish Evidence: --> MACD is still quite Bullish --> Price can consolidate on all time high (>$31.79) and act as support level From a fundamental standpoint Seek's balance sheet is not the healthiest where Short term Assets do not cover short term liabilities aswell as SEK's debt is does not seem to be covered well by its current cashflow. However forecasted annual earnings growth is set at 36% so take its current liabilities amount with a grain of salt. Another interesting thing found researching Seek is the amount of short sales currently active. As off the 6/04/2021 over 4.28% of Seek shares were reported as short positions making it the 27th most shorted company on the ASX. This percentage of shorting for me personally is another bearish signal. Overall from a technical standpoint the overwhelming answer is SEK may be due for another downturn. However if the previous all time high can be broken and then be consolidated on i would consider that a continuation of its bullish movement. For a potential short entry look for price rejection at 31.79 where price opens and closes below the level. Bearish or decreasing volume can also prompt an entry but personally i would ensure that the key level is not broken.
ASX:SEKShort
by Mikey_Scali
Gold short term - re-test the dip (into structure) and go. Revisiting the Gold moves lately, It respected structure basically to the cent. Looking at a shorter-term retest of the low - stochastic and Quadratics show this is a plausible scenario before we go North again. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FX:XAUUSDShort
by Mayfair_Ventures
2
Ren (REN) More Explosive Growth 2021The REN project is another fundamentally sound DeFi project that is poised for major growth in 2021. A decentralized protocol that allows for users to transfer cryptocurrencies from one blockchain ecosystem to another. This project already has major utility being used on a daily basis and will only continue to grow with the growth of DeFi and the overall cryptocurrency market. Currently the USD pairing is in price discovery and trading at all time highs. However, REN still has yet to hit a new price discovery against its Bitcoin pairing. This indicates that REN still has a lot more room to grow. Another factor to consider is that REN currently has a circulating supply of 995,363,051 REN and only a max supply of 1,000,000,000 REN. REN is getting closer to reaching it's max supply which will also play a role in price increase this year. Also the according to the analytics firm Santiment has recently reported that whale accumulation for REN skyrocketed in Januarys which also indicates the increasing demand for REN. Our next stop for REN is at Fibonacci level 0.5 at 2925 Satoshi. Once we fully break past the 0.382 expect a runup to test 2925 Satoshi. Keep REN on your radar this year for 2021. As always much peace and love!
Long
by peacefuljustin
A look at a century of logarithmic Dow - it's not a bubble!I keep hearing that stocks are in a bubble, but that just isn't true. People always look at charts in a linear mode, but this is not how math works. To get accurate prices and movement we MUST look at a logarithmic chart. When you do this for the Dow Jones average for the last century you clearly see we perhaps are a little inflated, but nowhere near Bubble territory. You want a Bubble? 1929 - now *that* was wildly over valued (with a subsequent epic crash). Now if in 2023 the Dow is above 45k? Then you can get back to me about how we might be in an asset Bubble. Until then I expect the trend to continue bullish.
TVC:DJILong
by americanpegasus
3
$50,000 Bitcoin Inevitable The Floodgates Have Opened Every single day history is being made in cryptocurrency. It is always an exciting time and reason to celebrate Bitcoin forming new all time highs as we're in a new price discovery cycle. Cheers! Today will mark one of the most important and iconic days in Bitcoin's history. The news of Tesla accumulating 1.5 Billion dollars worth of Bitcoin signifies the beginning of a new era in cryptocurrency were we will begin to see a rapid acceleration of institutional and corporate adoption for Bitcoin. Elon Musk and Tesla have officially opened up the floodgates for an expansive amount of corporations and financial institutions to now highly consider gaining exposure into Bitcoin. If Tesla is accumulating Bitcoin you better believe there will be an avalanche of corporations and companies to follow Tesla's lead throughout the rest of this year. Bitcoin is more bullish now than it ever has been. It is in Bitcoins destiny to inevitably test the major psychological price of $50,000 as we're inching closer every month to achieving this major milestone. We just hit the 2.618 Fibonacci retracement level of $47,000 today. Our next Fibonacci retracement level is the 3.618 at $63,900. The fundamentals for Bitcoin have never been stronger. Bitcoin will eventually be a story of the have and the have nots in the years to come. I'm always adding to my Bitcoin position. Always stay stacking those satoshis! Much Peace and Love!
COINBASE:BTCUSDLong
by peacefuljustin
5
Uniswap (UNI) $20 Support Forming Road to $27?What a magnificent performance we have been witnessing from Uniswap since the begging of this year. Cheers to everybody that has held to $20! Every hodler, trader, and investor should be excited and thankful for the explosive growth that we have been seeing with Uniswap and within the Decentralized Finance (DeFi) realm overall. Almost every week we have been seeing the DeFi sector increasing Total Value Locked (TVL) by the billions. It is very refreshing and reassuring to see Uniswap hugging the 2.618 Fibbonacci level of $20. Many believed we'd dump right after $20 but that doesn't seem to be that case so far. We've traded through $20 five times starting to form the basis of a $20 support area. As of right now we have a low support of $17.80 and a resistance of $21.56 The next destination for Uniswap will be the 3.618 Fibonacci level putting us at a new all time high target of $27.00 if this momentum continues. So far Uniswap just reached a milestone of 30 Billion dollars in Total Value Locked (TVL) and is nearing 4 Billion dollars worth of liquidity. Uniswap is only about 2.8 Billion dollars away from Binance's 8.6 Billion dollar market capitalization. If we continue this bullish momentum througt 2021 there's doubt in my mind that Uniswap will eventually be the biggest cryptocurrency exchange overtaking Binance. Uniswap is truly a game changer and as always I'm keeping a nice bag of UNI for the long term. Much Peace and Love! Cheers!
COINBASE:UNIUSDLong
by peacefuljustin
6
Ethereum (ETH) Price Discovery Phase! The Journey has BegunCongratulations to all the Ethereum investors and hodlers globally. Today is another major milestone and special day for the Ethereum nation as we've hit another new all time high trading past $1600. As of today everybody in the world should be in profit! Cheers! We are officially in price discovery phase for Ethereum and we're just getting started. We have a nice breakout past the "1" level on the Fibonacci retracement and now we're trending towards the "1.618" level putting Ethereum at a price target of roughly $2250. The trend is very strong but I will say we do have decreasing volume so keep that in mind. The fundamentals behind Ethereum have never been stronger. It is becoming clear that Ethereum is the next evolution of the internet and the second pillar of the cryptocurrency ecosystem next to Bitcoin . Also no Ethereum = No Decentralized Finance (DeFi). The overwhelming majority of Decentralized Finance runs off of Ethereum . If we consider that Ethereum is the nexus to bridging part of our current financial system into decentralized finance, then we can conclude that Ethereum is tapping into global markets worth 100s of trillions of dollars. Lets not even get started on derivatives. History is in the making. I personally believe Ethereum will have a truly historic performance in 2021. The use cases, potential, and demand for cryptocurrency is inevitable as the world starts to see how clogged, corroded, antiquate, and corrupted our current centralized financial system is. I'm keeping a nice bag of Ethereum for this decade. Cheers! Much Peace and Love!
COINBASE:ETHUSDLong
by peacefuljustin
Band Protocal (BAND) Break Out Retesting All Time Highs SoonIn the oracle realm of the cryptocurrencies Band Protocol is the second largest oracle coin right under the leader Chainlink (LINK) that is bound to be picked up and re-test those all time highs. Band Protocol has approached a very important level today as it has slightly broken out of $11.50 resistance zone that has held strong since September 4th 2020. We traded for at a high of $11.80 before coming back down to current levels. Today we hit the 0.5 Fibonacci Retracement level and now we're trekking towards the 0.618 Fibonacci level putting us at around $12.25 for our next target. We also hit a daily bullish divergence on the MACD as well indicating we may be positioned for a strong breakout within the next week or two. Band Protocol only has a market capitalization of around 230 million dollars while Chainlink's is around 8.9 billion dollars. As being the second biggest leader in the oracle space Band Protocol will be poised for a lot of growth this year especially as the use case for oracles continues to accelerate. Oracles allow ways for a blockchains and smart contracts to interact with external data. Oracles will be an essential part of the evolution of cryptocurrencies and growth of Decentralized Finance (DeFi). Band Protocol is the second biggest Oracle, still well under a 1 billion dollar market capitalization, and has a Coinbase listing. Keep Band Protocol on your radar for 2021. Current Support Level: $9.00 Current Resistance Level: $11.80 Cheers! Much peace and love!
COINBASE:BANDUSDLong
by peacefuljustin
4
Uniswap (UNI) to $20? In Price Discovery Phase Good morning everybody! Congratulations to all the Uniswap Hodlers and Investors. We've sailed through our previous all time high of $8.70 and now it's forming to be a solid zone for support. Resistance becomes support, that's always a good sign. As of now Uniswap is in price discovery phase so I heavily caution people taking positions at these levels. I'm just not the kind of person that buys at the top especially at new all time highs. Uniswap has a lot of steam but please always bare in mind that it is overbought and past 70 on the Relative Strength Index (RSI). But that's just my personal preference. I'm calling for a $20.00 Uniswap by March if we continue to grow at this pace. Another 100% increase from $10.00 will put Uniswap at $20.00 which is not a farfetched price target at all. This will put Uniswap at a total market capitalization of $6,000,000,000 doubling from where it is currently. These are reasonable goals considering what Uniswap is. Uniswap is a Decentralized Exchange (DEX) meant to easily trade coins and create liquidity without any human involvement or corporate hierarchy. Meaning you will never need to divulge your personal information or identity to start using the platform. This is extremely powerful and attractive to many investors and traders alike. With this being said it is already a function product and platform being heavily utilized every second. Decentralzied Finance (DeFi) is the future and as DeFi grows so will Uniswap. Uniswap is becoming the Binance equivalent of the DeFi ecosystem and is the current leader of Decentralized Exchanges (DEX's). It is already listed on Coinbase as well. I see Uniswap continuing to perform extremely well in the months to come. Cheers! Much Love and Peace!
COINBASE:UNIUSDLong
by peacefuljustin
6
Bitcoin Holding Strong $30,000 SupportIt is nice to see Bitcoin flirting around the $30,000 support zone. This to me in a macro perspective is very healthy for Bitcoin as it indicates that this market is becoming more resilient. The more we trade through that zone the stronger the support becomes. We broke out of the symmetrical triangle, briefly traded at $28,800 and now we're back in the $32,000 range. We are still oversold on weekly and monthly on the Relative Strength Index (RSI) for Bitcoin. When price reaches these extreme levels, a reversal is always possible so always bear that in mind and be cautious. In a worse case scenario we go down to $20,000. But you also have digital asset managers such as Grayscale Investments heavily accumulating Bitcoin at these current prices so it's difficult to tell. However, The overall trend is still positive for Bitcoin. Cheers Everybody. Much Peace and Love.
COINBASE:BTCUSD
by peacefuljustin
3
$2000 Ethereum (ETH) By Early February? Price Discovery PhaseEthereum is getting really juicy and with much reason. These are very exciting times for Ethereum. As the cryptocurrency market matures many people are realizing Ethereum is not only essential, but a vital part of the entire cryptocurrency ecosystem, especially in Decentralized Finance (DeFi). We've broken through a major milestone and resistance area since great 2018 boom surpassing trading in the $1300 -$1380 zone. We have an ascending channel developing on the 4 hour for the past week. If this channel and momentum holds we will be at the great psychological number of $2000 by early February or sooner. Of course I say this in a "perfect" case scenario. We are on the starting line for a new price discovery for Ethereum this week. If the trend doesn't hold we fall back down to previous support levels. Please understand and take caution that we are also in oversold territory for Ethereum. Support Area: $1225 Resistance Area: Price Discovery Cheers everybody! Much peace and love. Happy trading and Investing.
COINBASE:ETHUSDLong
by peacefuljustin
4
Cardano (ADA) Explosive Upside 2021Just looking at a long term chart analysis of Cardano's (ADA) Bitcoin pair from 2018 is pretty exciting. Currently trading at 1000 Satoshis we still have about a 700% climb before we even begin to re-test all time highs on the Bitcoin pairing. I believe it's about another 350% climb from the U.S. Dollar pairing until we re-test all time highs. With that being said there's plenty of room for growth. If you're still looking for a strong project with sound fundamentals that still has a lot of upside, not overbought or in price discovery phase, then consider researching Cardano (ADA) to add to your portfolios or positions for this bull run. Cardano (ADA) has one of the biggest academic research teams in cryptocurrency and it remains a 10 cryptocurrency. With the growth of entire market and more news of innovators developing on the on the Cardano (ADA) blockchain this year we can definitely expect Cardano (ADA) to inevitably re-test those 2018 all time highs this year. If you believe in the Cardano (ADA) project then these are great times to take a position or get a nice bag together at these price levels. It is still early for Cardano (ADA). Major Resistance Area: 1500 Satoshi Current Support Area: 750 Satoshi
Long
by peacefuljustin
Uniswap Gearing Up New All Time Highs (Biggest DEX in DeFi Now)We called Uniswap at $4.50 on December 31st 2020 and now it's currently trading at $7.70 still boiling up. I've been adding to my Uniswap Bag. As of now Uniswap is right on the cusp of re-testing and surpassing it's all time highs at around $8.70. Uniswap now has over 3 Billion in liquidity locked in the decentralized exchange (DEX) and is swiftly rising. It now sits as the biggest decentralized exchange in the DeFi ecosystem surpassing Compound Finance and Sushiswap according to coingecko.com I'm extremely bullish on Uniswap as I see it as being the Binance of decentralized exchanges this year. Nothing but adoption and utility are surrounding this project. It is becoming clear that Uniswap is becoming a juggernaut in the Defi ecosystem for liquidity and still has much more room to grow this bull cycle. Fundamentally and technically it's looking positive for Uniswap. We blasted though the 0.786 ($7.20) on the Fibonacci levels and now we're looking to test all time highs at 1.0 on the Fibonacci levels putting us at ($8.70) for our finally target before a new price discovery phase. Decentralized Finance (DeFi) is going to explode in 2021 and there's no doubt that Uniswap will play a critical role. I have Uniswap inevitably being over $10.00 by early Feburary or even sooner at this pace. Current Support Levels: $6.00 Resistance: $8.70 Cheers! Happy Trading and Investing! Have a wonderful and positive weekend.
COINBASE:UNIUSDLong
by peacefuljustin
3
Please Don't Sleep On Litecoin (LTC) 2021 Digital SilverLitecoin is possibly the most important alt-coin aside from Ethereum in my opinion and it is still a sleeping giant. Why do I say that? Simply because of longevity and trust. Developed in 2011, Litecoin is by far one of the oldest cryptocurrencies that has remained a top 10 cryptocurrency for over 95% if its lifespan and that won't change any time soon. Do not underestimate the importance of time and trust in the market, especially in a market like cryptocurrency. I believe many people underestimate Litecoin's network effect of being the go to trusted alt-coin for an expansive source of liquidity, trust, and stability. Where Bitcoin goes Litecoin will most likely follow. I say this because after Bitcoin and Ethereum, Litecoin tends to be the next crypto asset many accredited investors and institutional investors turn their eyes to. Why? Because of trust. With that being said, Litecoin still has a lot of run up and room to grow. If you think Litecoin will not re-test or surpass it's all time highs you may want to re-consider that thought. Litecoin is the oldest "oscillator coin" that will grow and follow bitcoin’s price performance closely. Currently trading at $155 it is still a great time to invest in Litecoin and be a whole coiner before a new price discovery phase commences this year. We have major resistance at around $172 but once we break past the 0.382 we can expect a run up to test the 0.5 on the Fibboancci Retracement putting us around $219 for the next target. Happy investing and trading! Cheers!
COINBASE:LTCUSDLong
by peacefuljustin
1
Load Up Your Ethereum Bags 2021 Still Early To the Party.Ethereum has been slowly boiling on its course to re-test new all time highs and it is still a great time to invest in Ethereum. Within the past week we have seen a solid support level of around $980 but has traded to as low as $880. As of today now we see Ethereum hugging the 0.786 on the Fibonacci Retracement steadily hovering at $1050 and strongly supported. We have major resistance for Ethereum at around $1350 before we can start the charge on testing those all time high levels of around $1420. If you believe in Ethereum this bull cycle then this is still a great time to accumulate and load up your Ethereum bags at these levels before we test new all time highs. Bearish case scenario is alt-coins start dumping and we see Ethereum drop below $880 heading to the 0.618 on the Fibonacci Retracement putting us at around $750. Bullish case scenario is that we continue to consolidate at these levels $980 - $1100 and start climbing towards new all time highs. Cheers! Safe Trading and Investing.
COINBASE:ETHUSD
by peacefuljustin
2
Bitcoin New Massive Support Level Forming At $30,000I know there's probably a lot of sweaty hands after this 30% price drop in Bitcoin. Corrections like these are inevitable in the world of cryptocurrencies. But rest assured that the trend is still alive. Corrections like these set new crucial support levels. Bitcoin has bounced through and off of the 1.618 on the Fibonacci sequence four times setting the foundation for a solid $30,000 support range. For the long term spectrum we want to see higher lowers and of course higher highs. This correction has been quite revealing setting up for a new all time high support levels for Bitcoin. Cheers, HODL your Bitcoin, and be safe!
COINBASE:BTCUSDLong
by peacefuljustin
1
Gold analysis (07.01.21) "Watch out patiently"Fellow traders, No doubt that gold is a super interesting safe-haven asset, especially considering current times. Here is my most recent idea on this metal. Fundamental analysis: The uncertainty caused by COVID still prevails all over the world, the vaccine is still not widely available, and long-term protection still not ceratin. Moreover, monetary policy and money injection will cause inflation to kick in. Many people would like to protect themselves from rising prices and in many cases not having wide knowledge about the market will go for well-established gold as a safe-haven asset. Technical analysis: In general, we can see a bullish uptrend. However, the chart is forming a flag pattern and broke out and continued going up. Next candles show a small retest of the upper boundary of the flag. An important point is that this all is happening near not only key level but also kind of a psychological level of 1900$. We may expect some kind of consolidation near the key level for some time, which may result in bullish stepping in. Feel free to comment, give your thoughts. Would appreciate it if you like it! (my first published analysis :) ) Disclaimer! This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!
TVC:GOLD
by AGAdam
XAUUSDThis is the highest Gold has ever been! After price action reached $2075.28 it started to print LHs & LLs to close out last trading week at $1951.19. I am in bear's favor for now so let's build up confluence. Confluence (3 or more): 1. Strong rejection from Monthly perspective ending with long wick in bear's favor. 2. Order block formed at high end of the curve. 3. P.A. respected 1st test of order block. 4. Over-extended commodity In the event it goes against your initial plan, remain flexible. If the bull's were to reenter the market I would look for a clean B.A.R. of the $2075.28 level. However, even with a break it can still tank before heading higher up due to the zone that's being broken since it was derived from a H.T.F. so it wouldn't be the best decision to risk a lot on buy orders. THIS IS NOT TRADING ADVICE!!! If the bears happen to push price further down then I would utilize the P.P.Z. ($1746.43) as a take profit area along with entries for new orders since there's been significant reactions with price in that particular area dating back some years. I would look to see if the Weekly diagonal support along with the H.T.F. liquidity zone will be reached if it breaks below the P.P.Z. We shall see... Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
OANDA:XAUUSD
by ChrisJTradesFX
Asset Bubble driven by Monetary Expansion. Also CPI is total BSThe Federal Reserve is destroying our purchasing power. The Fed robs the poor to sustain the rich. Monetary expansion is indeed akin to printing money Zimbabwe style. CPI is used as a primary indicator of inflation, but it fails to reflect the fact that asset prices move in lock-step with money supply. The poor majority may see only minimal increase in the price of their groceries thanks to tech-driven productivity increases which would otherwise be making everyday items significantly cheaper, but the American Dream of owning their own home continually moves out of reach at a rapid pace. Monetary expansion works to widen the gap between the haves (Asset holders) and the have-nots. Relative to M2 it looks like this "V Shaped Recovery" in both equities and housing is a Bear Market Rally in disguise. TL/DR: Cash is trash, by design.
TVC:IXIC
by RobBiddle
2