POL - Bullish Pressure Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈POL has been overall bearish trading within the falling channel marked in blue.
Currently, it is approaching the lower bound of the channel.
Moreover, the purple zone is a strong structure and demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendline acting as a non-horizontal support.
📚 As per my trading style:
As #POL approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
In parallel, for the bulls to take over long-term, a break above the upper blue trendline is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Blockchain
SOLANA +38%: UNDERVALUED BLOCKCHAIN GIANT OR TEMPORARY HYPE?SOLANA COINBASE:SOLUSD +38%: UNDERVALUED BLOCKCHAIN GIANT OR TEMPORARY HYPE?
When trading volumes explode by 38%, you either strap in for a rocket ride or brace for impact. 🚀🤯 Let’s see what’s driving Solana’s surge!
BRIEF INTRO / KEY STAT
Solana’s trading volumes skyrocketed 38% this week—bolstered by a massive $26.7B in DEX activity. 🎉📈
RECENT PERFORMANCE & SIGNIFICANCE
New memecoins on TRADENATION:SOLANA have turned heads, fueling liquidity and buzz. When fun tokens meet fast tech, sparks (and sometimes fireworks) fly! 🤪🔥
EARNINGS SNAPSHOT & EXPANSION PLANS
While it’s not a stock, Solana’s “earnings” come from network adoption. Dev interest is up, and more projects flock to its low-fee, high-speed ecosystem. 🏗️💡
VALUATION & PEERS
Compared to Ethereum, Solana is still smaller in market cap. But with breakneck transactions and cheaper fees, is it truly undervalued—or just another crypto craze? 🤔💸
RISK FACTORS
Volatility: Crypto roller coasters can make you dizzy. 🎢
Regulatory Pressure: Watch for potential DeFi crackdowns. ⚖️
Network Outages: Past hiccups hurt confidence. ⚠️
FUTURE OUTLOOK
Could Solana dethrone Ethereum during the next bull run?
Yes! It’s got the speed. 🚀
No way, too many outages. ❌
Vote below and let’s see where you stand!
Axie Infinity (AXS)🎯 Introduction
AXS (Axie Infinity Shards) is the native token of the Axie Infinity ecosystem, a popular blockchain-based game operating on the "Play-to-Earn" model. Players can earn AXS tokens by breeding, battling, and trading digital creatures known as "Axies." This token is also used in governance mechanisms, staking, and in-game transactions. The growth in AXS’s value is tied to the ongoing development of the game and its wider adoption within the cryptocurrency world.
📊 AXS Technical Analysis
Current Status:
On the weekly timeframe, AXS is in a long-term range-bound zone:
📈 Range High: Red zone (11.186 - 12.605)
📉 Range Low: Gray zone (3.840 - 4.414)
Key Support and Resistance Zones:
Daily Support: Purple zone (5.581 - 5.932)
This zone has acted as a key support level. If lost, the price is likely to fall toward the lower range (gray zone).
Daily Resistance: Yellow zone (6.910 - 7.328)
Breaking through this level could trigger a price move towards the range high (red zone).
Upcoming Scenarios:
🟢 Bullish Scenario:
If the purple support zone holds and the yellow resistance is broken:
Move towards the range high (red zone).
A breakout above the red zone will lead to price targets based on Fibonacci levels:
🎯 TP1: 20.007 - 24.056
🎯 TP2: 41.929 - 48.315
🎯 TP3: 67.896 - 77.108
Important Note: At each of these targets, profit-taking 💵 is strongly advised.
🔴 Bearish Scenario:
If the purple support zone is lost, the price may drop towards the lower range (gray zone).
🎯 Suggested Entry Points:
Break above the daily yellow resistance with a stop loss below the gray zone.
Break above the red resistance with a stop loss below the purple zone.
Indicators and Volume:
RSI:
Crossing above the midpoint of the RSI may indicate a bullish move.
Entering the Overbought region could lead to sharp upward movements 🚀.
📊 Volume Analysis:
Increased volume during resistance breaks is crucial; otherwise, there’s a higher risk of false breakouts.
📌 Summary:
AXS is currently at a critical level. Price behavior in relation to the identified support and resistance zones will determine the future trend. Effective risk management through stop-loss and close monitoring of trading volume are key to success in trading this coin. 💡
Recommendation: Always consider the overall market conditions and any related news regarding the Axie Infinity project before making trading decisions.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 17, 2025Technical Analysis and Outlook:
Bitcoin has reached our significant Key Resistance level of 106000 during the current week's trading session. This development signals a retest of the completed Outer Coin Dip of the 108000 cryptocurrency before the expansion of the continued upward movement. Nevertheless, an interim decline may likely occur, leading down to the Mean Support level of 100000, with a potential further extension to the Mean Support level of 95000 before any resurgence in the bull market occurrence.
The Future of Cryptocurrencies: Navigating Beyond BitcoinI've been diving deep into the crypto world, and it's clear that Bitcoin and Ethereum aren't the only players anymore. As we're pushing through 2025, the crypto landscape is buzzing with altcoins, DeFi projects, and wild blockchain innovations. Here's how I've learned to navigate this exciting, yet sometimes wild, space:
Beyond Bitcoin and Ethereum
I used to think Bitcoin and Ethereum were the be-all and end-all of crypto, but man, was I wrong. Now, I'm exploring altcoins because:
-Diversification: I spread my crypto eggs across multiple baskets to catch the next big wave while keeping my portfolio balanced.
-Innovation: Altcoins are where the coolest new tech is happening. From privacy features to new ways of reaching consensus, it's like a tech playground out there.
Current Trends in Altcoins
-DeFi Developments: I've fallen down the rabbit hole of DeFi. Platforms like Aave or Compound? They're letting me lend, borrow, or farm yields directly on the blockchain. It's like the Wild West of finance, but I'm loving the autonomy and potential returns.
-Layer 2 Solutions: Ethereum's scaling problems got me looking at projects like Polygon (MATIC) and Solana (SOL). These are speeding up transactions and cutting costs, making blockchain tech more usable for everyday stuff, from gaming to buying digital art.
My Investment and Trading Strategies
Researching Altcoins:
-Technology: I geek out on the tech. Does it solve a real problem?
-Team: I check if the team behind it seems legit or if they're just in it for the quick buck.
-Community: A lively community is a good sign. It's like having a cheerleading section for your investment.
-Real-world Use: I'm all about coins that have a practical use. It gives me confidence in their longevity.
Portfolio Allocation: Here's how I juggle my crypto stash:
50-60% in Bitcoin and Ethereum for stability.
20-30% in well-established altcoins with solid fundamentals.
10-20% for the moonshots – those high-risk, high-reward projects that keep the thrill alive.
Managing Risks in Crypto Trading
- Volatility : Crypto can be a rollercoaster. I use dollar-cost averaging to smooth out the wild rides and set stop losses because, let's be real, I've learned the hard way that the market can tank when you least expect it.
-Security: I'm super paranoid about security. I keep my significant holdings in hardware wallets and do my homework on every ICO – because scam coins are real, folks.
Case Studies
- Success Story: I've been watching Cardano (ADA), which has been on fire with its focus on security and real-world applications, especially in Africa. It's been a good reminder that tech with purpose can go places.
-Cautionary Tale: The Terra (LUNA) crash was a wake-up call. It showed me how quickly things can go south in the crypto world, especially with stablecoins.
Technological Innovations
- NFTs: I've seen NFTs go from digital art to owning pieces of virtual land. They've changed my view on what digital ownership can be.
-Cross-Chain Solutions: Projects like Polkadot and Cosmos are fascinating because they're trying to make all these different blockchains talk to each other. It's like building a universal translator for crypto.
Looking Ahead
-Regulatory Landscape: I keep an eye on regulations because they could either make or break some altcoins I'm interested in.
-Integration with Traditional Finance: I'm seeing more and more traditional finance players dipping their toes into crypto. It's exciting to watch.
Next Big Use Case: I'm always on the lookout for the next big thing, like Web3, which could totally shift how we interact online.
If you want to know more, send me a DM or head over to my profile. If you liked this post, please don't forget to boost, share, and comment below.
Kris/Mindbloome Exchange
Trade What You See
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 10, 2025Technical Analysis and Outlook:
Bitcoin has surpassed our crucial Mean Resistance of 99500 in this week's trading session by plunging sharply back to a critical Mean Support of 91800. This decline suggests that a significant interim pullback may be underway, potentially bringing the cryptocurrency to the Outer Coin Dip 83400 before any resurgence in the bull market occurs. However, an interim strong upside move to Mean Res 97300 might be in the works.
$BTC consolidation continues as we approach HUGE UP/DOWN EventI know we cant predict it but we can speculate. I use many many strategies and analytic built into trdingview and many other trading sites tools for trading cryptocurrency and FX stocks etc.. To the point. Using this ML by LuxAlgo sows a bad pic for BTC on 1D and 1W BUT the 1H is showing up trend to 130k~ the opposite for the 1D down to possibly 55k then the 1W is more SHARP down to $35k :L REMEMBER this is a Machine learning bot not the best thing to guess with. BUT it does work for what its made to do and I have made many positive gains with this tool alone or with MACD or RSI or sometimes other ML scrips or analytics.
So please put this over your BTC chart and see what LUX ALGOs ML chart as shown in idea on Left middle side. Check ho various it is not just on BTC but also try ETH and other smaller markets or memes like PEPE or even BONK etc or oter chain types POL(was MATIC) or DOT or ATOM etc. See and check the change between short 1Min - 1Hour vs 1Day - 1Month.
Note THIS indication isn't Correct! No IDEA is not 100%. Remember that. Remember "What WILL BE WILL BE" or "WHAT HAPPENS WILL HAPPEN" as my nan always said if we anxious of future events! It set me free literally as you realize its always going to Be what it Will BE! It cannot be changed! You think it can. and you CAN if you realize this. Then you can act with knowledge that you much make change in the NOW present to make that change you wanted in the Future.
If you manifest it it can happen. and that makes it What will be will be ore true. if you didn't do it it would still BE what it will be at that time. It cant change via thought. It can chnge by action before the "future".
ANyway share BTC knowlede share ideas sty strong! This isnt going to happen anyway...
$BTC Long long term Short Short term seems like its following VHi all how are we!? hope spirit are well stay strong!
This is update to my first of this idea the same idea I posted at the line it started. Its slowly moving to a LL Low low currently shaping a HL high low. When it swaps into a LH Low High that is confirmation of bullish sentiment between the LL nd HL. Basically a prime time to buy if other signals and analytics tell you to make a buy/long position. Never go of what I or anyone in Ideas say ALONE.. or reddit soil even Bloomberg or Forbes..
Anyway share your input o we can all learn more and grow as the Bitcoin Community!
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 3, 2025Technical Analysis and Outlook:
As specified in the Bitcoin Daily Chart Analysis for December 27, an extraordinary rebound bull movement occurred from the Mean Support of 91800. Current analysis suggests a high likelihood that the cryptocurrency will continue to advance, potentially testing the Mean Resistance level of 99500 and aiming for a retest of the completed Inner Coin Rally marked at 108000. Nevertheless, it is crucial to recognize the possibility of a pullback to retest the Mean Support level of 91800 again before any resurgence in the bull market.
XRP, will history repeat?XRP and the Army.
XRP will do nothing and could be considered a stable coin until it finally doesn't. Historically XRP does nothing without the rest of the market, they all follow bitcoin.
When does the magic start? When the yellow line crosses the purple and the red, more specifically the purple. Until then, stable coin. I have that area circled in prior history.
When it starts it should be 4 weeks of insanity then a correction and pause for approximately 8 months and a final 4 weeks of the final phase. That's the good news, the bad news is it might be well into 2024 and bitcoin will have to make new highs before XRP de-pegs it self from it's stable coin status.
I have also added the TDI indicator on the bottom as it shows the bear market areas and bull market areas.
I Have linked another chart that I made a few back on XRP and a lengthening altcoin cycle chart.
I have picked long for XRP but I don't expect it anytime soon. The earliest would be late this year but most likely 2024.
WeAreSat0shi
Thank you
AAVE, Break out and bullish move eminent? Aave looks like it's building momentum that could break out of the bull flag/pennant. A break out of this formation could lead to $175 move in fairly short deration.
The technical trade is the break out and a hold of the break out. If it were to fall back in the zone it is considered a fake out.
Either way you cut it, AAVE is good price here for long term growth.
Let me know what you think AAVE and this analysis down below.
Kind regards
WeAreSat0shi
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec27, 2024Technical Analysis and Outlook:
During this week's trading session, Bitcoin exhibited fluctuations within the newly defined Mean Resistance of 99500 and Mean Support of 91800. The analysis suggests a high probability that the cryptocurrency will experience a decline to the Inner Coin Dip 88500 prior to initiating a significant rebound. This rebound is expected to facilitate the re-establishment of its bullish trend. It is essential to consider that a rebound bull movement may indeed occur from the Mean Support 91800.
Unpopular opinion: Bitcoin is worthless. Read why.This idea goes against what BTC whales want you to believe, but it’s my educated conclusion. Let me explain why, and it might change your perspective.
The Origins of Bitcoin
Bitcoin was the first cryptocurrency, created by Satoshi Nakamoto in 2008 as the pioneer of blockchain technology.
Big BTC holders claim it’s “digital gold” with a limited supply. Influential figures and institutions like Michael Saylor, BlackRock, and Fidelity promote this narrative, urging you to adopt their logic and buy in.
It’s true that with such big players and media support, Bitcoin’s value has grown tremendously. But does that mean their claims are valid? Let’s dive deeper.
The Problem with FOMO
Today, a coin like “Fartcoin” can pump 50% and make it into the top 100 cryptos. Why? Because convincing people to buy something often works, even if the product lacks long-term value or sustainability. This phenomenon, driven by FOMO (Fear of Missing Out), does not guarantee intrinsic worth.
Let’s Get Logical
Crypto is inherently complex and difficult for the average person to understand. Many simply follow what “smarter” people or influencers say on social media. Even major institutions like BlackRock and traditional finance (TradFi) players have only been in the Bitcoin game for a few years—they’re newcomers to the space.
Now, ask yourself: If Bitcoin is the first cryptocurrency, does that automatically make it the best?
Do we still drive the first cars ever created?
The Flawed First-Mover Advantage
BTC whales want you to believe that the first is the best and will always remain so. They ignore the concepts of improvement, innovation, and technological advancement. Essentially, they’re asking you to buy the “first car” because they own a lot of them.
In reality, Bitcoin was an experimental product that proved finance could exist without traditional banks. It was revolutionary at the time, but technology has since advanced far beyond Bitcoin. Modern blockchain projects, Layer 1 solutions, NFTs, and smart contracts are faster, more sophisticated, and more innovative.
Bitcoin is the “first car,” but it belongs in a museum. The financial system, however, is still riding it to extract as much money as possible before its limitations become widely apparent.
Bitcoin’s Lack of Utility
The internet became mainstream within five years, revolutionizing communication, entertainment, and commerce. Yet after 18 years, Bitcoin remains largely useless—propped up by those who own it and fueled by speculation rather than utility.
This focus on Bitcoin has stifled innovation, as other promising crypto projects struggle to gain attention due to the media’s obsession with BTC.
Why Bitcoin Is NOT Digital Gold
The comparison between Bitcoin and gold is misleading and fundamentally flawed:
Gold is a physical, tangible asset. It cannot be duplicated, and there are costs associated with mining, refining, and maintaining it. It has intrinsic value due to its beauty, utility, and millennia-long cultural significance.
Bitcoin, on the other hand, is a digital object. By nature, digital assets are infinitely reproducible at no cost (copy function in the computer). While Bitcoin’s cryptographic system creates artificial scarcity, its utility can be replicated and improved by countless other projects.
The Fragility of Bitcoin’s Protection
Bitcoin’s value relies on its blockchain’s cryptographic protections, which prevent duplication and ensure secure transactions. However, no digital protection has ever been immune to hacking. Over time, as technology advances, it’s possible someone could crack Bitcoin’s security, change the blockchain, or access wallets by breaking passphrases.
Do you know any protection that lasted forever? Ask Apple and their DRM, ask Microsoft with their software projections.
If that happens, Bitcoin’s value could plummet to zero. Wall Street knows this, and they are profiting while they can. When a hack or major failure occurs, they’ll exit the market, leaving retail investors to bear the losses.
Conclusion
Bitcoin is not “digital gold,” nor is it a reliable store of value. It was an incredible invention that paved the way for blockchain technology, but its time as a leader is nearing its end. Innovation and technological progress have outpaced Bitcoin, and the idea that it will remain dominant forever is a narrative pushed by those who stand to gain the most from it.
Thanks for reading.
XRP Poised for Sideways Ahead of Potential Breakout (XRPUSDT)XRP seems likely to move sideways for another couple of months, forming a handle following the completion of a cup pattern. The appropriate point for the next significant move could be around the 50% Fibonacci retracement zone. Notably, XRP has already broken out on the monthly chart, adding further strength to its bullish potential.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec20, 2024Technical Analysis and Outlook:
Bitcoin's spectacular pullback to Mean Sup 91800 is noted. We anticipate a rebound to the upside, targeting the key Resistance level of 106000. Nevertheless, it is essential to acknowledge that a retest of the Mean Support level 91800 remains a plausible scenario.
3 Altcoins Approaching The Lower Bound!Since you enjoyed my previous post about 3 Altcoins Rejecting the $5 mark!
Here's an interesting one about altcoins retesting the lower bound of the wedge pattern:
BINANCE:PYTHUSDT
PYTH has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
KUCOIN:GLQUSDT
GLQ has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
COINEX:AEROUSDT
AERO has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
#BTCUSDT #4h (Bitget Futures) Rising wedge on resistanceBitcoin uptrend looks exhausted and keeps getting rejected on overbought RSI zone, a retracement down to 100EMA support seems around the corner.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Short)
Leverage: Isolated (15.0X)
Amount: 5.0%
Current Price:
106966.8
Entry Zone:
107142.0 - 108740.0
Take-Profit Targets:
1) 104521.8
1) 101946.7
1) 99371.7
Stop Targets:
1) 110802.2
Published By: @Zblaba
CRYPTOCAP:BTC BITGET:BTCUSDT.P #4h #Bitcoin bitcoin.org
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.5% | +83.3% | +119.1%
Possible Loss= -39.8%
Estimated Gaintime= 1-2 weeks
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec13, 2024Technical Analysis and Outlook:
Bitcoin's repeated pullback in this week's trading session by upholding firmly at the Mean Sup 96000 price level within the completion of the Inner Coin Rally 103600 is now noted. Recent analyses indicate that the cryptocurrency will likely retest the completed Inner Coin Rally 103600 by navigating the weak Mean Resistance 102300. This movement is anticipated to revitalize its upward trajectory toward the projected Outer #1 Coin Rally 110000 and beyond. Furthermore, a potential decline to the Mean Support 97000 would prepare the market for the subsequent phase of a bullish trend.
Zero1 Labs $DEAI BULLISH TREND - NEXT TARGET $1.10$DEAI is IMO a hidden GEM 💎 that will be coming to light to smart money in the next coming months.
Their Cypher Network is in Testnet Phase 1 starting MONDAY and this will attract new AI developers. Not only this, major AI partnerships are being announced with one being a Top 5 industry AI network.
I believe smart money already has eyes on Zero1 Labs in some capacity but they're waiting on the success of Cypher.
$DEAI has been strong throughout the whole market, during shakeouts it has not only maintained PA but also continued to increase. It is in a bullish trend currently and I see a move to $1 + within the next few weeks.
I personally see 10-30x potential in 2025 for $DEAI.
in the very short term, the momentum indicators show overbought, there may be a pullback to the bottom trend line of the channel, followed by a massive move out to my target of ~$1.10.
Entry: $0.40-NOW
Target: $1 +
My ideas only, NFA.
Happy Trading :)
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 6, 2024Technical Analysis and Outlook:
Bitcoin displayed substantial volatility during this week’s trading sessions, reaching our Mean Support level of 91800 and completing our Inner Coin Rally of 103600. Currently, the threshold for Bitcoin is established at Mean Support 96000, with the completion of the Inner Coin Rally 103600 now noted. Recent analyses indicate that the cryptocurrency will likely surpass the completed Inner Coin Rally 103600, which may rekindle its upward trajectory towards the anticipated Outer #1 Coin Rally 110000 and beyond. The possible pullback to Mean Support 96000 will effectively position the market for the next phase of a bullish trend.