Get started

Crypotcurrency

POWRETH { POWER LEDGER } - BULLISH SETUPANALYSIS 🔎 - POWRETH brokeout above the falling wedge's resistance, hit a swing high and retraced. - Price is retesting the falling wedge resistance and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone (high buying pressure). - Price action is printing the double bottom pattern. - The double bottom pattern is a bullish reversal pattern. - We could be at the verge of an uptrend continuation. BUY ENTRY ⬆️ - Conservative entry: breakout above the double bottom neckline resistance (@0.00011382) - Aggressive entry: market price. TARGETS - Horizontal resistance level (@0.00014705) - Horizontal resistance level (@0.00017160) - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
AUCTIONBUSD { AUCTION } - BULLISH SETUPANALYSIS 🔎 - AUCTIONBUSD is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price (CMP). - Stop limit entry: breakout above the ascending triangle's horizontal resistance. - Limit entry: test of the ascending triangle's inclined support. TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
ALong
by Chibuike_Odoh
BTC:USD short term gainThis is my take on BTC. I think we moved up impulsively the past week. I'm counting this impulse as a one two, one two. As of right now we have room to go up for a 5th wave. around 43k. At that point headed down for a correction. Either it will be a B wave or a wave 2 on macro. I'm leaning toward B wave and at 47-50k seeing us having a long term correction. Completing a long ABC. BUT time will tell and if this forms out we will really see the formation confirmation once we are at 50k. If the structure turns into 5 waves then we have some nice profits ahead.
BINANCE:BTCUSDLong
by A-GermanUFO
COMPUSDT(CRYPTO)Price Action Analysis and Trade IdeasHello, In this video I talked about higher time frame price action analysis, order blocks, support resistance, steps of action, 4 different trade ideas, and risk managment. I used the weekly timeframe to identify my support and resistance, followed by the daily time frame to identify any bearish order blocks. Hope you enjoyed the video, if you have any questions feel free to ask. If you like these videos, leave a thumbs up. If you want to challange my analysis, please do so I want to hear the counter arguments. Check out my previous video on BLZ for further explanation and rambling. Cheers,
Short
by tradingwookie
DogeCoin to Zero Soon?A lot has been said about various cryptocurrencies of late. Some people think that this DEFI thing is the new bees knees. I think nothing can be further from the truth! Some “crapcoins” will completely collapse and disintegrate. As many of you know, I completely ignore the news when making trading decisions. My ideas are based on purely technical picture. But if you do listen to the news, it simply doesn’t look good for cryptos right now. They are increasingly being used for extortion. They use huge amounts of electricity to exist. They have barely any use in the physical world. A coordinated crackdown on cryptos by the Central banks and governments is just around the corner. I would be extremely careful about buying into this new decentralized financial system (DEFI) narrative. Please avoid “investing” in cryptocurrencies. If you must deal with them – simply trade them. Note this Dogecoin has retested the Red support-resistance line from below. So far the resistance is holding. It can easily collapse further --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You can also think of these indicators as moving pivot points . MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long (buying). For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling). For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it.
Short
by mastercharts
16
BITCOIN 😲 Wyckoff Accumulation??? 🐍🚀 Spring in Progress...BITCOIN -- Supply and Demand ⚔ Battle Continues! 😬 Bullish volume expands at the bottom of Trading Range $32,000. (This was the "Hold the Door" moment in GOT. 🏋️‍♂️) In the Wyckoff schematic, this appears to be the SPRING 🐍. Bullish volume has entered... bulls escape the death trap to $20,000. Admittedly, "Phase B" went on longer than I thought it could and had me faked out thinking this was a failed Wyckoff Accumulation in my earlier post updates... 😅 but the SPRING move changes this battle of Supply and Demand. 😮 ✅1) Flipped 1H - 200 EMA to Support ✅2) Bullish volume increasing as retail traders take long positions. 🟥3) Price needs to get to the $42,000 Resistance Line 🟥4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... 🐍🔥🚀
COINBASE:BTCUSDLong
by ChartCinema
BTC Daily Update 2 June 2021Based on BTC daily chart, it is currently still consolidating in the apex triangle . A breakout to the downside will bring us to a price target of around $24k. Otherwise, breaking to the upside will bring BTC to a price target of around $52k which is unlikely. Bollinger Band showing a squeeze which indicates a sharp move will come soon. Stochastic RSI is following my previous prediction where it had a final upward move before heading down. This indicates BTC will have a further correction unless BTC forms a sharp upward move and breaks $42k which will gives a Triple Top Structure in Stochastic RSI pattern(highly unlikely).
Short
by CryptoSpaceMy
The crypto market 4year cycle explainedIt has been a crazy time in the cryptocurrency market as dog-themed coins have spiked and fallen while the head of Tesla has also had his own impact on the massive Bitcoin market. Elon Musk has come out against Bitcoin’s environmental impact and tanked the price, but there are a lot of other crazy news events impacting crypto. Ethereum co-Founder Vitalik Buterin made a sizable donation in a new coin called SHIB, and instantly crashed its price. But Ethereum itself is still doing remarkably well. Outside of the crypto market, there was also some volatility as Wall Street had a bloody week as stocks plunged for the most part of the week due to fears about rising inflation while only Oil was somewhat unchanged for the week, with tension between Israel and Palestine expected to put a bid under the energy sector as a whole (PrimeXBT source). The crypto market has a 4 year cycle that lasts within two halving dates. Each cycle session has approximately a 1year bearish market and it takes 3 years to have another all-time-high. Analysis should be confirmed with a strong technical tool like the RSI, which provides key info on who controls the market, either bulls or bears.
BITFINEX:BTCUSD
by Theperfectionist
6
DOGECOIN IS ABOVE ITS SUPPORT BUT STILL SO RISKYGreeting from IRAN to whole trading community 💙✔ Straight to the point , DOGECOIN is above its major support "0.25$" If price maintain above this level we expect a possible PUMP But if not and this major level broke , the next support would be that green zone (about 0.16$) Whats your opinion about DOGECOIN? Do you believe that this coin is overprice and will witness a DUMP in it Or do you believe in MUSK and DOGECOIN future? Which cenario is more possible? 1 OR 2? Comment your opinion below 🙏🙏 KEEP IT SIMPLE :)
by nima-mohammadkhani
18