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NEAR Caught in a Strong UptrendNEAR is one of the newest cryptocurrencies on the market, and it is already making a name for itself after an almost 1,000% increase over the past three months. Fundamentals NEAR Protocol (NEAR) is a decentralized application platform created to help developers design their apps. The network runs on a Proof-of-Stake (PoS) consensus mechanism and aims to offer scalability and stable fees. NEAR is the native utility token that is used for: 1. Fees for processing transactions and storing data. 2. Running validator nodes on the network. 3. Governance votes to determine how network resources are allocated. Similar to BTC, NEAR has a controlled supply. Its current supply stands at just over 300,000. The supply is set to increase by 250,000 annually and reach a total of 1,250,000 after 5 years. Economics tells us that when supply increases, price decreases. Thus this is not a positive aspect at the moment, but it will be so in five years. NEAR on the Chart NEAR is currently in an uptrending channel. It has recently hit the upper limit of the channel and now even broken through, indicating that a short-term pullback is imminent. There is also a bearish RSI divergence indicating a pullback. The Relative Strength Index (RSI) is a momentum indicator that oscillates between overbought and oversold. When RSI has a value greater than 70, it is said to be overbought (indicating that it is a suitable place to sell), and when it is below 30, it is oversold (a suitable place to buy). A bearish RSI divergence occurs when the RSI is moving lower while the price is moving higher. This is precisely what happened between the 9th and 10th of March, thus further indicating a short-term reversal. Looking Ahead: NEAR appears to be in a solid uptrend for the past three months, mostly respecting the channel drawn on the chart. However, due to the price breaching the upper limit and the bearish RSI divergence, it may see a short-term reversal before pushing higher.
Long
by cryptohopper
Custom strategy using Ichimoku + RSI + Mama-Fama-KamaThis is a test as it is my first ever idea published. It has no educational purpose. Please note that I am colorblind ... I am presenting you my screen with my trading setup and a custom strategy I am developing at the moment. => My goal is to present you my idea so I can have feedbacks. I also would like to build an automated trading bot that would take the trades for me/us on all pairs at the same time and on multi TF -_- I NEED YOUR HELP for that!! My system and method of reading the chart: Ichimoku Kinko Hyo (expert course level) RSI (advanced leveI - developed a custom EMA strategy) For this strategy, I added the MAMA-FAMA-KAMA indicator to my RSI-EMA because it acts like a powerful filter IMO, and this is my method of getting signals out of it (see pics): This is a single timeframe approach. Signals are delivered according to the rules (see pics). Kama is the relative straight line on the RSI that changes from orange to blue Mama and Fama are making the RSI cloud EMA14 is set on the close of the RSI IKH without Kijun and Chikou for more clarity MA200 can be added as an important S/R-Magnet line Volume can be added when available and if needed (for example with a MA20) For now, I am trading them manually with 2 main approach: - On a single timeframe - manual entry and trade management following the rules set in the pics (this works on all time frames, I like H4/M15/*M1*) - On a HTF/LTF approach with a scalping approach ( I like H4-M15 or H1-M5 or M15-M1 but I do not recommend it!) This last approach allows me to know in advance the direction of the trade I am looking for, according to the HTF analysis (H4 for example) and then go to a corresponding* LTF (M15 for example) to scalp the high confluence signals. => this is a well known subject but in short I can say that the HTF also provides Support and Resistance zones to watch for AND if 2 major lines (SSB on H4 and MA200 on M15 for example) appear at the same level on both the HTF and LTF, you add an interesting confirmation to your trade idea. Note that the yellowish trades are counted as loosing trade even if all rules were not matched to enter the trade - simply because I don't know how a bot would react if the cloud 26 period on the front has switched to the other color. You can also note that we could have taken more trade manually but I want to stay with very simple rules for now. To be continued ...
D
by Riskyscalps
DOT the Perfect Token for Support and Resistance LoversPolkadot (DOT) has been increasing tremendously; the coin is currently up by 500% in less than three months. What is even better is that DOT’s pattern is actually predictable and one of the easiest for support and resistance traders. Polkadot Pattern The token has so far proved to follow Darvas’ box theory better than most other assets (including stocks). This means that the price moves within ranges defined by boxes with an upper limit (resistance) and a lower limit (support). In this case, Polkadot has been continually moving higher, and so the upper limits, once breached, became the new lower limits and a suitable entry point. Indicators Due to the fast pace at which the price has been advancing, trend-following indicators on the bigger timeframes have not performed very well. If you would like to use trend-following indicators, the 30 minutes timeframe or even lower may be more suitable for DOT. If you would like to stick to the bigger timeframes, then Williams %R (displayed above) has been working well. Williams %R is an oscillator that identifies oversold and overbought zones. Williams %R is one of the fastest oscillators, meaning that it identifies overbought and oversold zones the quickest. If you look at the chart, it has identified oversold zones in some of the best places corresponding with the lower limits (support areas).
KRAKEN:DOTUSDLong
by cryptohopper
3
Mean-reversion SHORT - US100/NASDAQGreetings folks, The tech index has been rising quite sharply since end of last Friday, forming a few large and strong bullish bars. A pin was formed, though small, at the upper bollinger band with the default 20 period and 2 standard deviation settings. My trading system recommends a short at the low of the pin with the SL be at the high of the pin. The system historically has a 36% winrate with a 12(%/R) returns for the past 132 trades when locking in 2R (or 2x profit to risk). Cheers PineConnector
UShort
by PineConnector
4
Is the Bitcoin Uptrend Coming to an END?Bitcoin has been in an exceptional uptrend since October 2020. Let's find out if this bull market is coming to an end and what could happen next! Is the Bull Market Coming to an END? When Bitcoin is in an uptrend, the 150 EMA on the 4h chart acts as a mobile support. Bitcoin has kept above the 150 EMA ever since breaking above the $10,000 price range in October 2020! The coin has retested this support multiple times but never went below it significantly. Therefore, if Bitcoin closes around 10% below the 150 EMA, it would mean that this uptrend has come to an end. What Happens Next? This doesn't necessarily mean that we will have a bear market. We may continue to consolidate instead. Further proof that we may be in a ranging market instead comes from the indicator Williams %R. Williams %R is an oscillator that finds overbought and oversold zones. As with any momentum oscillator, it works best in a ranging market. Ever since Bitcoin got rejected by the $42,000 level, Williams %R has been working very well. If we do drop below $30,000 we may see a bear market, however, it shouldn't be very severe and we should still hold above $20,000. Thus DCA may be the preferred investment method over the coming weeks. A consolidating Bitcoin market can be a positive development for the crypto world. It may give altcoins enough time to catch up and make big moves; ETH, AAVE, SNX, LINK, and FTT, among others, have already started a strong uptrend. Additionally, this gives Bitcoin time to consolidate its massive gains over the past three months.
by cryptohopper
1
Ethereum On Its Way To The All-Time HighEthereum broke above the $1,155 resistance, and retested that level! Now that it held, ETH is on its way to reaching its all-time high once again! Breakout? The second-most capitalized coin on the market started following Bitcoin closely by growing quickly in a short period of time. Ethereum is already up by more than 60% this year. The coin was previously rejected by the $1,155 resistance on January 3rd. This is the last resistance in Ethereum’s path to the all-time high. Therefore, a breakout of this level is critical. A daily candle has already opened and closed above this level, which is a very positive sign. The price has reversed and pushed upwards after retesting this level, thus confirming it as a support. Therefore ETH is on its way to the all-time high again. If Bitcoin continues its uptrend, it is likely that Ethereum will also reach its all-time high soon. What To Do Now? If you are a support and resistance trader, and you are already in the trade, you may consider selling when ETH is approaching the all-time high, which will probably act as a strong resistance. If you prefer to trade using technical indicators, then you can take this as a confirmation of an uptrend. Trend-following indicators such as moving averages, Parabolic SAR, and MESA are excellent indicators that you can use to catch the big moves in an uptrend.
Long
by cryptohopper
2
A BTC Study on the Bollinger BandsIn this technical analysis I will walk you through the methodology that I applied to verify a hypothesis that I've been forming while looking at BTC recently. This is a slightly different analysis than the one I usually publish, I'd be very interested to hear your feedback. I want to experiment a bit with different forms of ideas that I publish here on the platform. I am taking the bollinger bands over the last weeks and check every time the price comes above or below it. I want to see if it has predictive value over the next movement. I hope that together with some of you I can extend this theory to make it more accurate. Perhaps there are ways that I can make it more accurate by discovering connections that I hadn't seen yet. So please feel free to drop me a comment below if you have more ideas! So what about the strategy? This will be a good lesson on risk-reward as you will see unfold that we can make a good profit with a near 50/50 win loss strategy. So what would the strategy actually look like? The strategy would be as follows: You would wait for the price to break out of the Bollinger bands and immediately start a BTC trade. Then, if it is above the upper band you would place a short. Conversely if it is below the lower band you would place a long. The hard part is about determining where to place your stop loss and where to take profit. I played with a few numbers, but it seems that if you take a profit of 3% and place a stop loss at a 2% risk you would get a very interesting results. And what about the results? There are: - 32 breakouts in total - 17 of which are positive - 15 of which are negative - 53% win-loss (17/32) total To keep things simple and not work with compound interest now, this gives us a total of: - 17*3 percent points profit, - 15*2 percent points loss - This is a net net 21% percent points profit I'm super curious to hear your thoughts on this one. A new format where we discuss a trading strategy. Also what do you think of the strategy itself or the methodology I apply here to calculate how successful it is? Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITFINEX:BTCUSD
by Trading-Guru
14
Bitcoin Enters a Consolidation PeriodAfter an astonishing breakout of the $20,000 resistance, Bitcoin appears to have entered a consolidation phase between $22,000 and $24,000. Consolidation Importance A bull market without any correction or consolidation is like a building without a foundation: it is shaky, and can collapse at any time. Therefore, consolidation helps bring stability to the market. When an asset is consolidating around a price level, that price level becomes important. Thus, the $22,000 and $24,000 price levels will likely act as support or resistance long into the future. The Hourly Chart Although we usually use the 1 day or 4h chart to showcase the current trend, the 1h chart is also among the most important timeframes. Many swing traders identify the trend on the 1 day and 4h chart, and use the 1h chart to time their entries and exits. On the other hand, intraday traders use the 1h chart to identify the trend direction, and then time their entries and exits on the 5 minutes and the 1 minute chart. Therefore, the hourly chart stands as the bridge between swing traders and day traders, making it one of the most used timeframes. Generally, the more popular a timeframe is, the more reliable it becomes. The 150 EMA, which works well on the 4h chart, also works well on the 1h chart, albeit slightly different. On the 4h chart, this indicator can be used to point out the long term trend, and by long term we mean the trend of the next 1-6 months! On the 1h chart the 150 EMA can effectively determine the medium-term trend that usually lasts between 1-6 weeks. If the price starts hitting it sporadically in a short period, it may indicate that the uptrend has come to an end, and we are in a ranging market.
by cryptohopper
Buy Signal: 21.80Stop: 21.00 Model picking up a potential reversal signal. Hoping for the 25.00 area Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions. Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
NASDAQ:IQLong
by IngenuityTrading
Gunbot Backtesting Automated Trading on BTC-XLM with +42% profitGunbot Backtesting Automated Trading on BTC-XLM with +42% profit Gunbot Backtesting Gain-Gain 15 min strategy on BTC-XLM - +42% in Profits! What's This Chart About ? This is a Backtesting result for the Gunbot trading bot Gain-Gain Strategy (plus additional custom confirming indicators) Coin-pair : BTC-XLM Trading on: Binance Gunbot Strategy : Gain-Gain Estimated Profitability (LONG | Buy+Sell): ~ +42% (Based on the last 21 days of trading history) Gunbot Strategy Specs: PERIOD = 15 BUY_LEVEL = 0 GAIN = 6 MFI_ENABLED = true MFI_BUY_LEVEL = 45 MFI_SELL_LEVEL = 60 MFI_LENGHT = 20 RSI_BUY_ENABLED = true RSI_BUY_LEVEL = 45 RSI_SELL_ENABLED = true RSI_SELL_LEVEL = 50 RSI_LENGHT = 20 Optional Gunbot Strategy Settings (NOT included in the above backtesting chart): - activate the DCA / Dollar-cost-averaging function in your Strategy settings ( this would re-buy 50% of the invested capital, each time the price drops 2% with a watching trigger starting when the price is at bought price minus 0.5% ). - The CU_CAP_COUNT is the number of times Gunbot will trigger the DCA trading logic.Set accordingly. DU_CAP = 0.5 DU_CAP_COUNT = 5 DU_BUYDOWN = 0.5 DU_METHOD = 2 Scripts used : Allanster's Gunbot Deluxe Tuners BE www.tradingview.com Automated Trading Bot used : Gunbot Ultimate thecryptobot.com _______________________________________ Gunbot is a Trading automation software for crypto-currencies . Gunbot works with following markets : Bitmex, Poloniex, Bittrex, Cex.io, Binance, Coinbase Pro (GDAX), Kraken, Bitfinex, Kucoin, Cryptopia, Huobi . Available Trading Strategies in Gunbot 20 ADX | ATRTS | Bollinger Bands | Bollinger Bands (TA) | EMAspread | Emotionless | Gain | Ichimoku | MACD | MACDH | PingPong | StepGain | SMAcross | Trailing stop – stop limit | Time series analysis + more _______________________________________ DISCLAIMER: By using this script, you agree to the 'Terms of Use' at TheCryptoBot.com, as presented on our website (TheCryptoBot.com) and below. This script is strictly for individual use and informational purposes only. Any information provided on this website, or, via our website, or, via our profile, or via emails, is not to be considered legal or investment or financial advice. Investments are made at your own risk. TheCryptoBot.com is not responsible for any losses you may incur.
by TheCryptoBot
Gunbot Backtesting Automated Trading on BTC-XRP with +36% profitGunbot Backtesting Automated Trading on BTC-XRP with +36% profit Gunbot Backtesting Gain-Gain 15 min strategy on BTC-XRP - +36% in Profits! What's This Chart About ? This is a Backtesting result for the Gunbot trading bot Gain-Gain Strategy (plus additional custom confirming indicators) Coin-pair : BTC-XRP Trading on: Binance Gunbot Strategy : Gain-Gain Estimated Profitability (LONG | Buy+Sell): ~ +36% (Based on the last 21 days of trading history) Gunbot Strategy Specs: PERIOD = 15 BUY_LEVEL = 0 GAIN = 6 MFI_ENABLED = true MFI_BUY_LEVEL = 45 MFI_SELL_LEVEL = 60 MFI_LENGHT = 20 RSI_BUY_ENABLED = true RSI_BUY_LEVEL = 45 RSI_SELL_ENABLED = true RSI_SELL_LEVEL = 50 RSI_LENGHT = 20 Optional Gunbot Strategy Settings (NOT included in the above backtesting chart): - activate the DCA / Dollar-cost-averaging function in your Strategy settings ( this would re-buy 50% of the invested capital, each time the price drops 2% with a watching trigger starting when the price is at bought price minus 0.5% ). - The CU_CAP_COUNT is the number of times Gunbot will trigger the DCA trading logic.Set accordingly. DU_CAP = 0.5 DU_CAP_COUNT = 5 DU_BUYDOWN = 0.5 DU_METHOD = 2 Scripts used : Allanster's Gunbot Deluxe Tuners BE www.tradingview.com Automated Trading Bot used : Gunbot Ultimate thecryptobot.com _______________________________________ Gunbot is a Trading automation software for crypto-currencies . Gunbot works with following markets : Bitmex, Poloniex, Bittrex, Cex.io, Binance, Coinbase Pro (GDAX), Kraken, Bitfinex, Kucoin, Cryptopia, Huobi . Available Trading Strategies in Gunbot 20 ADX | ATRTS | Bollinger Bands | Bollinger Bands (TA) | EMAspread | Emotionless | Gain | Ichimoku | MACD | MACDH | PingPong | StepGain | SMAcross | Trailing stop – stop limit | Time series analysis + more _______________________________________ DISCLAIMER: By using this script, you agree to the 'Terms of Use' at TheCryptoBot.com, as presented on our website (TheCryptoBot.com) and below. This script is strictly for individual use and informational purposes only. Any information provided on this website, or, via our website, or, via our profile, or via emails, is not to be considered legal or investment or financial advice. Investments are made at your own risk. TheCryptoBot.com is not responsible for any losses you may incur.
by TheCryptoBot
Gunbot Backtesting Automated Trading on BNB-XRP with +62% profitGunbot Backtesting Gain-Gain 15 min strategy on BNB-XRP - +62% in Profits! What's This Chart About ? This is a Backtesting result for the Gunbot trading bot Gain-Gain Strategy (plus additional custom confirming indicators) Coin-pair : BNB-XRP Trading on: Binance Gunbot Strategy : Gain-Gain Estimated Profitability (LONG | Buy+Sell): ~ +62 % (Based on the last 21 days of trading history) Gunbot Strategy Specs: PERIOD = 15 BUY_LEVEL = 0 GAIN = 6 MFI_ENABLED = true MFI_BUY_LEVEL = 45 MFI_SELL_LEVEL = 60 MFI_LENGHT = 20 RSI_BUY_ENABLED = true RSI_BUY_LEVEL = 45 RSI_SELL_ENABLED = true RSI_SELL_LEVEL = 50 RSI_LENGHT = 20 Scripts used : Allanster's Gunbot Deluxe Tuners BE www.tradingview.com Automated Trading Bot used : Gunbot Ultimate thecryptobot.com _______________________________________ Gunbot is a Trading automation software for crypto-currencies . Gunbot works with following markets : Bitmex, Poloniex, Bittrex, Cex.io, Binance, Coinbase Pro (GDAX), Kraken, Bitfinex, Kucoin, Cryptopia, Huobi . Available Trading Strategies in Gunbot 20 ADX | ATRTS | Bollinger Bands | Bollinger Bands (TA) | EMAspread | Emotionless | Gain | Ichimoku | MACD | MACDH | PingPong | StepGain | SMAcross | Trailing stop – stop limit | Time series analysis + more _______________________________________ DISCLAIMER: By using this script, you agree to the 'Terms of Use' at TheCryptoBot.com, as presented on our website (TheCryptoBot.com) and below. This script is strictly for individual use and informational purposes only. Any information provided on this website, or, via our website, or, via our profile, or via emails, is not to be considered legal or investment or financial advice. Investments are made at your own risk. TheCryptoBot.com is not responsible for any losses you may incur.
by TheCryptoBot
Gunbot Backtesting Gain-Gain 15 min strategy on USDT-LTC - 27%Gunbot Backtesting Gain-Gain 15 min strategy on USDT-LTC What's This Chart About ? This is a Backtesting result for the Gunbot trading bot Gain-Gain Strategy (plus additional custom confirming indicators) Coin-pair : USDT-LTC Trading on: Binance Gunbot Strategy : Gain-Gain Estimated Profitability (LONG | Buy+Sell): ~ 27 % (Based on the last 14 days of trading history) Gunbot Strategy Specs: PERIOD = 15 BUY_LEVEL = 0 GAIN = 4 MFI_ENABLED = true MFI_BUY_LEVEL = 45 MFI_SELL_LEVEL = 60 MFI_LENGHT = 20 RSI_BUY_ENABLED = true RSI_BUY_LEVEL = 45 RSI_SELL_ENABLED = true RSI_SELL_LEVEL = 50 RSI_LENGHT = 20 Scripts used : Allanster's Gunbot Deluxe Tuners BE www.tradingview.com Automated Trading Bot used : Gunbot Ultimate thecryptobot.com _______________________________________ Gunbot is a Trading automation software for crypto-currencies . Gunbot works with following markets : Bitmex, Poloniex, Bittrex, Cex.io, Binance, Coinbase Pro (GDAX), Kraken, Bitfinex, Kucoin, Cryptopia, Huobi . Available Trading Strategies in Gunbot 20 ADX | ATRTS | Bollinger Bands | Bollinger Bands (TA) | EMAspread | Emotionless | Gain | Ichimoku | MACD | MACDH | PingPong | StepGain | SMAcross | Trailing stop – stop limit | Time series analysis + more _______________________________________ DISCLAIMER: By using this script, you agree to the 'Terms of Use' at TheCryptoBot.com, as presented on our website (TheCryptoBot.com) and below. This script is strictly for individual use and informational purposes only. Any information provided on this website, or, via our website, or, via our profile, or via emails, is not to be considered legal or investment or financial advice. Investments are made at your own risk. TheCryptoBot.com is not responsible for any losses you may incur.
by TheCryptoBot
1
BAND Offers Multiple Opportunities for a 45% ProfitBAND experienced a tremendous 7,500% growth this year. Following the massive growth, the token experienced a 65% correction starting in September. However, the downward pressure slowed down, and we are now in a consolidation phase. The Opportunities BAND was previously caught in a descending channel on the 4h chart. On the 24th of September, the token broke this channel and entered a consolidation phase. When an asset consolidates, it is usually stable and moves a few percentages at most. BAND, however, is a different beast. Even in its consolidation period, BAND still has a 45% margin from top to bottom, meaning that if you buy at the bottom of the range and sell at the top, you stand to gain 45%. Catching the whole trend is almost impossible. However, even by cashing in half of it, you stand to gain over 20% profit. Taking Advantage of the Opportunities There are different ways to take advantage of this consolidation period. The most basic approach is by trading based on support and resistance. The lower range stands around $5, while the upper range is around 7.5$. However, the token doesn’t always reach the bottom or the top, and it usually ranges around the middle. Therefore buying BAND at 6$ and selling at 7$ ensures a decent profit margin with a healthy amount of trading opportunities. Another way of taking advantage of these opportunities is through the use of technical indicators. Momentum indicators are best suited for ranging periods. Some of the most commonly used momentum indicators include: the Stochastics, RSI, Williams %R, and the MACD.
by cryptohopper
1
Is LINK Regaining Bullish Momentum?As a decentralized oracle critical to many DeFi projects, LINK has had a fantastic year in 2020, pushing up gains of 1,000% at its peak of $20. However, since Mid-August, the token has been caught in a descending channel. LINK recently broke this channel, and many people are now wondering whether this is the start of a new uptrend or a temporary move before continuing its downtrend. Read on to find out! When Can we Confirm an Uptrend? After bouncing off the $7.3 support level, LINK broke the descending channel and attempted to break the resistance between $11.3 and $11.85. However, just because it broke the descending channel, that doesn’t necessarily mean that it will now start uptrending. The token may consolidate for a while before beginning an uptrend. LINK made a new high following the bounce at $11.2, just before the resistance. Breaking this resistance is critical, as it will be seen as a higher high and a confirmation that we are in an uptrend and not in a consolidation phase. Looking Ahead: If LINK starts an uptrend, the next major resistance levels on its way to the all-time high are 14$ and 17.5$. If the support breaks and LINK starts a downtrend, then the next support levels stand around $6.6 and $5.7.
Long
by cryptohopper
2
Celcius Experiences Outstanding GrowthCelsius (CEL) experienced an exceptional 300% growth in one month. The coin has now stabilized, and its direction is currently unclear. Celsius Fundamentals Similar to a bank, Celsius (CEL) borrows from one set of clients, lends to others, and profits from the difference between the interest rate. However, CEL mostly works in the crypto space as it mainly borrows and lends in crypto. Additionally, it does not have any government deposit insurance, making it riskier than a traditional bank. Celsius on the Chart Celcius experienced an exceptionally long ranging period this year from July to September. On September 10th, the price finally made a breakthrough, and CEL experienced an outstanding 300% growth in a single month. The coin reached an all-time high of $1.5. CEL is now stabilizing between $1.2 and $1.5. Due to the swift and strong growth, the coin hasn’t created any support level on its way up. Therefore it is now in danger of failing all the way down to the $0.5 and $0.35 support levels. An indicator that you can use to get early buy and sell signals on the daily chart is the MACD. The MACD indicates a buy signal when the histogram turns green and a sell signal when it turns red. The indicator works well to identify bull runs early and sell relatively close to the high. The MACD can be classified as both a trend-following and momentum indicator. Like all trend-following indicators, it tends to perform poorly in ranging markets. Looking Ahead: The MACD is now about to turn red, indicating that the bull run may end. Since no support levels were established, it is better to time your next entry with technical indicators rather than support levels.
HITBTC:CELUSDLong
by cryptohopper
6
Ethereum Edging LowerEthereum (ETH) experienced strong growth this summer, mostly due to its network hosting dozens of DeFi tokens which grew tremendously. ETH then experienced a particularly sharp 30% correction, along with the entire market, about one month ago. The coin is now hovering around the $315-$340 support. Lower Volatility Following the crash, Ethereum experienced a period of reduced volatility, which we can observe through the Average True Range. The Average True Range (ATR) is a volatility indicator that determines the typical value range of an asset for a particular candle. For example, if we are using the 4-hour chart on Ethereum, and we have an ATR with a value of 4, then the expected range for that particular candle is $4. The Cryptohopper ATR is a variant of the ATR indicator that adds a 28 period moving average. If the ATR is above the moving average, then the market is considered to be volatile. If the ATR is below the moving average, then the market is not volatile. Ever since the market crash, the Cryptohopper ATR has mostly indicated low volatility. Therefore when trading in the current market, it is better to keep your profit target tight and make small but consistent gains. What Happens Next? Ethereum is currently at support and may bounce back. However, for a bounce to occur, there needs to be substantial volatility along with the upward momentum. Therefore it is essential to keep an eye on the ATR when taking a position. The first resistance level stands around $390. The next resistance stands at $485, which is this year’s high. If the market takes a turn for the worse and breaks the current support, we could see Ethereum head to $250. This was the resistance level broken by the DeFi bull run earlier this year.
Long
by cryptohopper
Auto BUY SELL Signal - SilverM [MCX]Your probability of winning a trade is more than 50 percent. However, when you are on the right track, it lets you ride the whole trend. Your win rate will be very high as compared to your loss. Loss is inevitable and you cannot avoid it. However, whenever it is right, it gives you awesome profits. So, you will be successful if you trade all the signals generated by the system. As you may not know which one will be a winner or loser. Auto Buy Sell Signal Generator produces extraordinary signals in the trending market. And so, its performance is down a little bit in a range-bound market. However, as I mentioned earlier that losses are very low as compared to wins.
MCX:SILVERM1!
by AkmeAnalytics
Bitcoin Begins RecoveryRecently, Bitcoin has been trapped in a range between $9,800 and $10,500. After failing to break the resistance several times, BTC finally achieved a breakthrough four days ago on September 14. Where to Next? After achieving the breakthrough, BTC’s price has slowly crawled its way up to $11,000. Due to the slow increase of only 4% in two days, BTC has been unable to achieve another breakthrough at $11,000. The price may pull back to the previous resistance level at $10,500 before retesting $11,000. If the market becomes bullish, the price may not even reach $10,500 before retesting the resistance. However, the chances of that occurring are low. If the new support at $10,500 breaks, then we will probably see the price retrace to $9,800, or even further to $9,000.
Long
by cryptohopper
4