Log fractal 4.O updated.This chart doesn't played perfect, as expected.
However, it's still working after few reedits and that is important.
Let's monitor how will end up & if print new lows below June.
After that, it convince me to full fill box targets around 14-15k.
Time frame probably not fit. It is just previous trend price action.
Can take much more time or go sideways...Always possible. Also Black Swan would occur.
But isn't so far to make it real.
Formation is Bear Flag , below 200 week average with economy in recession.
It could end up much lower. I am just posting gold-mid way for long term invests position.
Take care, Emvo.
*This is not any financial advice.
Crypto-trading
BTC MidTermThis drop caused by FTX SPOT selling scared the market, but we are totally exhausted at support - this wedge got now filled and it is likely to go for some relief - although won't go as high as expected. Most likely highest will be retest of local tops at $23-$24 k.
Will turn bearish once we reach those levels.
SUSHI BOUT TO BREAKTROUGH/BREAKDOWNSUSHI is on the edge of a resistance zone right now, a pretty strong one.
But the fact we keep seeing higher lows towards this is zone is a good sign for a breaktrough or breakdown from the trendline.
Now i could be wrong ofcourse but seeing the build up momentum i think we're going to retest the 1.180 level and after that 1.234 & 1.285.
Anywhere between 1.148 & 1.138 is a good entry
BRIEFING Week #36 : Volatility, Seasonality & TrendsHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
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Phil
BNX : THIS IS WHY IT WILL GET HYPEDDear traders.
Most of times when a coin get hyped it means there was some price action before what it made it so to increase.
And the best in a trader is to find and to see at last some patterns why a coin should increase and to learn from history before coins why it did increase.
All the years in trading have learned that history repairs in trends, and this are with more things.
For day traders there is always chances to get into trades and out - but this update going more deep about the BNX cycle view.
BNX - At this time not hyped, and most don't know about it.
I have choice to study this coin depending on signals that it shows with possibility for breakout - it shows some structure volume patterns what could make this coin increase to higher levels.
And personally after longer time studding coins as this - there seems be high chance that BNX will shows soon an effect.
DCA wallets also increasing with + adding amounts every time. it means there is an increase on DCA and this is also positive.
Know that there is always a risk into trading, for those trading with no risk management, and there is No 100% guaranty into trading . but it depending on higher chances, and yes in this case this coin have higher chance to breakout.
First of all its important that this coin BNX make the first gain above 150 USD - and for some traders is this an interesting area to check for a confirmation trade.
At this moment this coin trading between 131-135 USD.
This coin have a CC supply of 2M - with a marketcap of 273M, what means if it would only have the marketcap of AVAX it would be going over 2K.
This is just an example to re-effect the price action. ( this is not a focus price but its just a small idea) And same time the normally Supply can increase with time.
But even then it will stay very interesting.
The important change will come after hitting the all time high at 224 usd - this should make a hype change to the expecting target of 300 usd and over.
How long this all will take it depending on the market flow - and the fully market show.
If the trend going depending the above study - there should be at last a gain into this coin, and there can come a moment where this coin can split from others to show the effect of increase.
Thanks for reading!
# There is no 100% guaranty in markets , and that's why this are also not a finance advice.
Crypto markets are very hard, and can bring anyone with no risk management huge loses.
All info you get from online - just take it as a possible way and not the right way, and always filter it with more confirmations.
Technical Analysis - The Truth - Part 2Imagine you are a detective. You arrive on the crime scene and find a body surrounded by blood at the bottom of some stairs.
The suspect says the victim accidently stabbed himself whilst he fell down the stairs. The story seems credible.
However, the Technical Analysis (the data) tells a different story. It shows that the victim was first poisoned. Then stabbed in the back. Then the body was dragged to the bottom of the stairs.
The Technical Analysis showed the fundamentals up for what they were. A story.
The same is true when trading.
Trading is a science. It is not a mystery. And it has nothing to do with fundamentals.
The Technical Analysis (data) shows that sine waves are responsible for the up and down price movement. The price follows the pattern of the sine wave. Not fundamentals.
The price does not move up because Elon Musk likes that particular crypto, or that they have started to burn more crypto than normal, or because Forbes says the Government are now backing that crypto. e.t.c
Just think about it. Light waves, sound waves, gamma waves, brain waves, electricity all travel through sine waves. They all follow the same pattern.
Price movement is no different. It follows the path, pattern and contours of the sine wave. It is the law of physics.
When the sine waves rises, so does the price. When the sine wave falls so does the price.
If you are not trading sine waves you are trading blind.
I hope this helps.
Regards
Jason
Bitcoin Ready for Next Leg Down on the 4hr?Bitcoin on the 4hr time frame is looking slightly bearish. Trading below the lsma moving average and with the VMC Cipher B showing money flowing out and a wave to the downside its looking like BTC could be getting ready for a move down to test 18.9k level support in my opinion!
$BTC short idea Plan and Trigger This is not a prediction this is a plan..
If this happens do this..
The plan here is IF BTC 1. breaks below PWO - Previous Week Open, 2.Breaks below rising Trendline, 3.Breaks below R2-H (Range 2 High(thats the trigger to go short with Targets marked on chart.
Target 1 = R1-L (Range 1 Low)
Target 2 = R2-Mid (Range 2 Mid)
Notice the inefficient and fast move up noted on the chart. these usually get filled so if we trade in to this candle range i suspect a fast down move to follow.
RIPPLE Potential Short! Sell!
Hello,Traders!
RIPPLE is now trading in a downtrend
And the price broke a key level
Which is now a resistance
Thus we are bearish biased
And a move down after the retest of the level
Is the most likely scenario out there
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
BTC Current Market ConditionsOk as I put in my previous short, which played out better than expected. I am not Bullish at all rn. Energy prices soaring, we know what's coming, and it ain't a strong $BTC rally IMO.
Perhaps we sweep up on a liquidity grab, trap long then, I feel 17k, honestly, possibly even 10-14k.
Trade at your own discretion and be safe, NFA as always.
BTW, if shorting wait for a nice spot, 20.800 possibly if not 21.500 or 22.500.
Forthusdt is almost done*forth is under 200ema
*Forth in under 0.6 fpi.
*Rsi is almost above 50
What i see is that forth is going to break the triangle that it trap on, with this break it will break 0.6 fpi and 200ema while it's moving above level 50 rsi .
My target will be 7$ as a beginning with the correction of the market before more dip
LUNA 2.0 can go 10x coming time and this is why!Dear traders,
The all time high of Luna 2.0 was around 19 usd at may 2022.
Since the breakdown trend of market and more reason - Luna 2.0 did breakdown.
Luna 2.0 looks very interesting for coming time - since the owner Terra founder Do Kwon discusses LUNA 2.0 and the prospect of a Terra model and that he are behind the project, its him Home to make this project again great - ofcourse we never should have 100% believe in any crypto project - that's why a trading structure volume is important in this way with the adding of TA.
My expecting and its 100% personally - further no finance advice.
I believe that Terra owner can get some trust back - even binance support him on this, you can seeing this also by the coin Luna 2.0 on binance exchange, further he trying to get back into the development zone and to make some new YouTube interviews to explain what happened and to rebuild - and with the idea that he is building on the system.
This is article are not so that you need to invest in luna 2.0 - as luna needs a mega of investments from whales.
And knowing that it need huge volume to get some real effect.
its an expecting update that showing that we can see coming time a new huge chance on the Luna 2.0 area.
As the title says - Yes even the All time high of 19 usd is possible!
This with the long term cycle. As long there is good risk management on the investment its support the loses very much.
How the price action can go?
first of all its important that Luna 2.0 going above 2 usd - and on the level of 2.80 is very important level for breakout to even above 4 usd.
From there the price can stay stable with trading between the 3/5 usd area. and if development going further and some price action from the long term whale effect could bring Luna to 10 usd. that would be a mega price action, and from there it can take some time before hitting the level between 11-16 and even more to all time high.
* it means not that it should go exactly on this way - but this are a scenario how the trend can play.
This not means that this could happen in fast time - its long term expecting. with crypto you never know sure what it would go, but you have a way where there is more chance - and Luna 2.0 have this now.
Bearish Flag on BTCUSDT BitcoinBased on technical factors there is a Short position in :
📊 BTCUSDT Bitcoin
🔴 Short Now 20750.00
🧯 Stop loss 22300.00
🏹 Target 1 19300.00
🏹 Target 2 17650.00
🏹 Target 3 14000.00
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Trading opportunity for ETHUSDT - EthereumBased on technical factors there is a Short position in :
📊 ETHUSDT
🔴 Short Now 1662.00
🧯 Stop loss 1790.00
🏹 Target 1 1525.00
🏹 Target 2 1275.00
🏹 Target 3 1001.00
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
✅LITECOIN LOCAL SHORT🔥
✅LITECOIN has hit a key structure level
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Bearish Flag on BTCUSDT BitcoinBased on technical factors there is a Short position in :
📊 BTCUSDT Bitcoin
🔴 Short Now 20900.00
🧯 Stop loss 22300.00
🏹 Target 1 19900.00
🏹 Target 2 18300.00
🏹 Target 3 15000.00
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Ethereum merge: the ETH 2.0 road to centralization?Ethereum merge: the ETH 2.0 road to centralization?
Ethereum is all set to go for a transition to Proof of Stake.
Ethereum merge will impact the system, giving rise to new stakeholders, ‘builders.’
These builders will change the power structure as they come to the fore.
Ethereum management said they are monitoring the situation and will take the required actions to prevent centralization.
Ethereum merge is drawing closer as the developers suggest successfully completing the required steps. The transition will be complete by 15 September, according to the timeframe given by Ethereum developers. As the transition is complete, Ethereum will shift from Proof of Work to Proof of Stake consensus. Every change comes with possible repercussions, and the case is no different for Ethereum.
As Ethereum experiences a transition from Proof of Work to Proof of Stake, its stakeholders might see a change in their power. The said changes will mainly affect miners who ensure the system’s smooth flow through mining. They will be replaced by those who work on staking. Analysts suggest that these changes will bring Ethereum to centralization, strengthening the control of the few. There is no certainty, but the possibility of it can’t be shrugged off.
Bitcoin Chart OverviewI published an overview of Bitcoin chart over a month ago but not here in TradingView as an idea. I decided to republish that as an idea to help track the price easier and quicker than already. hope it gives you a clear idea where we're now, where we could get in the rest of days and months of 2022.
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