Coin
$BTC Bitcoin is clearly forming a bearish downtrend rising wedgeAs you can see in my chart Bitcoin is forming a Bearish downtrend Rising Wedge in Daily TF. Success rate of this pattern is 65%-70% and target is $19.2k
At this point, Bitcoin tackles a resistances at $25k-25.5k level, SMA-100 and Ichimoku Cloud...
COIN BULLISH AND BEARISH SCENARIO $$$As you can see, after breaking the major support, COIN formed an ascending channel showcasing higher highs and higher lows indicating that it wants to retest the support turned resistance; if the bulls are able to break through, we can expect bullish price action with the resistance turning back to the support however if we fail to break through, we can expect bearish price action.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood start to the week,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been red for 30 days and is expanding (currently at about 9.8%). In concert the situation is bearish and slightly flat over the long term. Now the price is on the Tenkan so in a balanced situation on the short term.
The Kijun Trend indicator continues to indicate looking for short positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bearish movement.
Supports and resistances:
- 25000.00 by Fibonacci
- 24600.00 Tenkan Weekly
- 23400.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 22400.00-22600.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20000.00 psychological threshold
- 19100.00-18900.00 level cusps Chikou or flat zones of Kijun and Tenkan
- 17080.00level cusps Chikou or flat zones of Kijun and Tenkan
- 12700.00from the waves of Hosoda
- 11000.00-13000.00 level cusps Chikou or flat zones of Kijun and Tenkan
For the various static price structures, reference can be made to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, also Chikou for the daily time frame, are plotted.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels on the Daily still show us a positive long-term sentiment and places the 0 to the upside on 75000.00. Price is moving away from level 1 represented by 250000.00
Conclusion:
The situation is bearish as all the lines indicate.
Hosoda waves indicate an ABC pattern with targets at 17741.19, 22414.21, 27087.23, 27472.02.
From a fundamental point of view, between war, inflation, and energy issues, the situation is not changing and the markets will probably not improve before these issues are resolved either. Etherium's move to PoS has also been received more as a "sell the news."
It is important to assess the close during the week on the following price structures:
- Bullish/Lateral: 21800.00-22400.00
- Bearish: 18773.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased
- BTC Dominance: Increased.
- Price of BTC: Decreased.
- Alt Cycle Expectation: Decreased fast.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
Litecoin: Fundamental "Good", Position for Long with TechnicalLitecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.
To learn more about this project, check out our deep dive of Litecoin.
The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.
Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence.
The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a "lite version of Bitcoin," in that it features many of the same properties as Bitcoin—albeit lighter in weight.
Buy Setup
Entry : 43.80 - 52.50
SL : 38.13
TP1: 54
TP2: 56
TP3: 59
TP4: 62
TP5: 66
TP6: 70
TP7: 75
TP8: 81
TP9: 90
TP10: 100
TP11: 112
TP12: 125
TP13: 140
TP14: 155
TP15: 170
TP16: 187
TP17: 214
Spot and Future (1x, 2x, or 3x)
Run and keep it enjoy!
Follow me! Copy my trades!
TradeSetup_Reza
GRT best for 1-2 weeks, LongThe Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
To learn more about this project, check out our deep dive of The Graph.
To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.
The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.
Buy setup
Entry: 0.083 - 0.1015
SL: 0.0722
TP1: 0.105
TP2: 0.109
TP3: 0.115
TP4: 0.124
TP5: 0.14
TP6: 0.157
TP7: 0.17
TP8: 0.18
TP9: 0.2
TP10: 0.23
TP11: 0.27
TP12: 0.305
TP13: 0.34
TP14: 0.38
TP15: 0.42
TP16: 0.465
Spot and Future (1x,2x, or 3x)
Run and keep it enjoy!
Follow me! Copy my trade!
TradeSetup_Reza
JASMY for shot and mid termJasmyCoin (JASMY) is a cryptocurrency project of a Tokyo-based Internet of Things (IoT) provider Jasmy Corporation. As a system, the Internet of Things includes mechanical and digital elements endowed with an identifier and the ability to transmit data. The IoT company Jasmy specializes in buying/selling data, and the Jasmy platform connects two categories: service providers and data users.
The Jasmy platform was built to restore and protect the sovereignty of individual data by combining IoT technology with blockchain technology and giving users full control over their personal information. The main goal of the project is to establish a secure environment on the platform where users can exchange data in a trustless manner between IoT devices (computers, cars, phones) and decentralized protocols.
The mission of Jasmy developers is to create an environment by shaping an infrastructure where users can easily, safely and smoothly use data. As a result, Jasmy aims to provide its users with a powerful infrastructure, an intuitive interface and a secure environment for storing and sharing data. In the Jasmy space, information can be transformed into personal assets.
Jasmy decentralizes the workflow with edge computing and storing data on IPFS (InterPlanetary File System). The philosophy of the project is based on the democratization of data using a decentralized model, where data is securely protected and owned by an owner, and service providers get the opportunity to promote their services/business using data (owned by users).
Buy setup
Entry : 0.00705 to 0.00858
SL : 0.00610
TP1: 0.0088
TP2: 0.0091
TP3: 0.0095
TP4: 0.01
TP5: 0.0107
TP6: 0.0115
TP7: 0.0125
TP8: 0.014
TP9: 0.016
TP10: 0.018
TP11: 0.0205
TP12: 0.023
TP13: 0.026
TP14: 0.03
TP15: 0.0365
Spot or Future (1x, 2x, or 3x)
Run and keep it enjoy!
Follow me! Copy my trades! :)
COIN LONG = Ascending Megaphone PatternNASDAQ:COIN
COIN downrended from November 2021 to later July
loosing 85% of its price along the way. Having completed
its reversal, it is now up trending in a megaphone pattern
reflecting increasing volatility. Relative volume has increased.
I have plotted in mid-Fibonacci levels.
I see this as a swing long setup, and will take the trade
setting up the stop loss as the market low late July.
Targets include the Fibonacci levels as well as where
price hits the mid=line of the megaphone where it could
break through or bounce in this high volatility zone.
I will leave a runner to see if price can eventually reach
the late 2021 price level especially if the crypto market
undergoes a resurgence.
Huge Divergence, Potential of Saitama making 100% return.potential of Saitama making 100% return with only risking 10% Entry at 0.002 Stoploss at 0.0018 Take profit at 0.004. 10 R/R.
Cryptocurrency #1Well well, so who is here a diamond hand?, hop up!. That is crypto. It is an asset. it is not like something we can sell and buy quick. Asset is not work like that. Do we buy house today and sell it tomorrow?, Do we buy land today and sell it tomorrow and expecting some huge insane profit and be a millionaire in 1 night?. No way, be a diamond hand, because diamond hand always win. Even so say that, yet need to clarify and clear what coin are we holding. Utilities?, core team? marketing? market supply? usecase? crowd? etc etc. A lot of things we need to look after because once we buy it, that's it. HODL it until our mother "Bitcoin" wake up and do bearish movement. And then we will experience Alt-coin season like before. Ahhh what a day, i really miss that moment when numerous of alt coin spike up easily 1000%
Enjin Coin ENJ bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Enjin Coin ENJ has a negative overall sentiment recently.
I have the following price targets:
ENJ/USDT short
Entry Range: $0.49 - 0.56
Take Profit 1: $0.45
Take Profit 2: $0.38
Take Profit 3: $0.29
Stop Loss: $0.63
BNB Binance Coin bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
BNB Binance Coin has a negative overall sentiment recently.
I have the following price targets:
BNB/USDT
Entry Range: $270 - 285
Price Target 1: $250
Price Target 2: $229
Price Target 3: $203
Stop Loss: $310
Binance Coin: correction probably ending at $250?Resistance line at $300 was a starting point for BNB during the previous week. However, general market sentiment was focused more on the next FED`s moves in terms of economic tightening, so BNB did not manage to make a break of this resistance line. General negative market sentiment as of the weekend pushed the price of the coin down to the level of $270, where it is ending the week.
RSI started a road toward the oversold side, and is modestly decreasing from level of 50 down to 40 during the week. There is indication that the price of the coin might go even lower from current levels until a clear oversold market is finally reached. Moving average of 50 days continues to slowly converge toward MA200, but there is still distance between lines, in which sense, the golden cross is still on hold.
Current charts are pointing to the level of the $250 support line. There is a high probability that this line will be tested in the coming days. At this moment, there is no clear indication that it might be breached to the downside, especially in the case that RSI reaches level below 30. This would be a point of reversal, where BNB will head again toward the $300 resistance line, but there is currently lower probability for such a move.