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Accumulation Zone?Hello Everyone and Good Afternoon To You! Last night the bulls caught some momentum but failed to break our prior high around $12,130. We have had a very bullish trend since the Covid Flash Crash and I believe the trend should continue. I have 2 zones of interest with the first being a support zone around $11,500 and our local resistance at $12,130. I have most of my analysis on that chart but for a quick summary we have made 4 consecutive lower highs on the MACD/Signal lines on our MACD but at the same time bears are slowly losing grip on holding the price down as you can see bearish momo is declining with each dip in price. My Bullish Signal is a break above $12,130 and closing a 1 HR candle above to avoid any possible fakes outs upon breaking. My 1st bullish target is $12,350-$12,400 but I'm really thinking $13,200 roughly would be in the cards if you zoom out on the daily and look left. My bearish target entry is a break below our $11,150-$11,200 support with a target area to take profit around $10,600-$10.800 where bulls have major support. Once Again Thank You For Your Time and if you like this kind of analysis hit the thumbs up button and consider following.
KRAKEN:BTCUSD
by jonathonsnell23
Mapping The Crypto Market Cycle - Part 7 (Phase 3 Begins?)Interestingly, nothing much has changed since my last update on this study. This is despite the fact that the market experienced a massive liquidity/shakeout event on March 12th, 2020, due to the coronavirus panic. Even though I've been posting on here less, it hasn't impacted the accuracy of my analysis. In fact, if you go through my last two pages of recent posts, all my observations and implications have pretty much played out precisely how I expected, for the bullish scenario. This includes XRP's massive push towards the top of its downtrend channel, the weakness of Bitcoin dominance, VET's parabolic move, and more. Here's my most recent update on the market cycle, which I wrote in January: What's fascinating to me is how this model, which is an attempt to predict human behavior over time, has held true. Even global markets continue to push up in "value" while quality of life continues to decline for the majority of the population. This, I believe, is near the peak of an enormous asset bubble and economic shift. Thankfully, every time this has happened throughout history, we've become more emotionally self-conscious as a species. Now, with social media, we are able to literally look at our past selves in the mirror and feel shame. The consequences are much more emotionally scathing, so we must be held more accountable. And crypto is an effort to make us more financially accountable. The whole purpose is to solve the problem of trust. Now we have to see which direction humanity chooses as it eventually exits this crisis. Do we self-destruct and take the short road towards fascism, oppression, and violence? Or do we find solutions that continue our challenging transition into a global, collective, self-aware society? The fact that we are aware of our own complacency is already a step, but many won't see it that way. The biggest question for me is whether or not cryptocurrencies will continue to increase in value over time (relative to their supply and the global economy) as humans make an attempt to take economic power back into their hands - or whether crypto is just part of the asset bubble, where the wealthy put their money into anything BUT money, in an effort to escape a system that continues to diminish the value of labor. Now to the analysis According to my chart, we could very well be ending Phase 2 of the market cycle. Phase 2 is characterized by sideways movement in Bitcoin as dominance drops slightly. Alts haven't performed quite as well as I drew in my chart (you can see my original projection in yellow, and how it's diverged). Bitcoin has pretty much performed exactly as expected, particularly if you completely ignore the March 12th event. Indeed, Bitcoin is starting to inch up and work on the highs from June 2019. Once those highs are breached, Bitcoin will confirm Phase 3, in which all cryptocurrencies start to do well, with alts continuing to outperform slightly. It should be noted again that alts did not truly go parabolic until Bitcoin started working on the all-time-high. This wouldn't happen until Phases 5 and 6. Meanwhile, I do think dominance can just continue to slowly decline towards the 50% level. The past cycle for dominance: My projection for the current cycle. Unfortunately TradingView wasn't able to save these charts, so I had to link them from earlier snapshots: If we are indeed entering Phase 3, I expect it to only last a few weeks, during which Bitcoin makes a high above $14k, but not quite touching the all-time-high yet. Then, Phase 4 would be another long period of consolidation, during which all cryptocurrencies correct and find buyers at new support levels. Dominance would continue to decline slowly, instilling excitement in Bitcoin Maxis at the prospect of a bounce, and fear in altcoin holders. Here it is zoomed in: There are many reasons to consider why Phase 3 could be beginning. First of all, Bitcoin has clearly broken out of consolidation. In my last Bitcoin analysis, I wrote about how the structure more clearly signaled continuation, rather than a top. This analysis ended up being correct, although there was no shakeout below $8K. Evidently, there were too many buyers at the $9.1K level. In addition, Ethereum has already made a new high since June 2019, and it happened VERY quickly. Currently, ETH and TOTAL2 are struggling at the same horizontal resistance, but price action looks stronger, and so far the rejection is being bought. You can see how important the $140 Billion level is for the altcoin market. Ultimately, it will need to blast through here to confirm a bull market: There are some strong sellers up here on the daily. I'd like to see a close above the long wick from July 26th, which tapped the $125 Billion level. I'm not at all surprised to see strong resistance here. The total crypto market cap got rejected precisely off the highs from June 2019. Ultimately, I want to see some consolidation above $300 Billion and a push higher. It doesn't need to happen right away, but I don't want to see this entire move retraced without strong dip buying. In any case, I'm very curious to see how this evolves. For the record, I am finally somewhat substantially in profit on my crypto portfolio. My plan is to begin trading a portion once I see a larger impulse that takes us out of the bear market. Still not completely convinced, but I'm getting quite close. My posts are, in part, a constant evaluation of my own life decision to enter this market. It's a way for me to "figure out" whether human behavior can be predicted in a such a way, and what this means for our future. Will cryptocurrencies be part of a new paradigm? Who knows. All I'm doing is speculating and analyzing charts. This is meant for education, speculation, and entertainment only. This is not financial advice. -Victor Cobra
CRYPTOCAP:TOTAL2Long
by VictorCobra
6
Ethereum / Bitcoin Bullish Pattern 1962% Potential ProfitEthereum Is currently breaking out forming an ascending triangle. This is giving me high confidence that it will continue its trend. Once it will break the resistance it will tank the ETH/USD pair as well. Risk: 4/10 Reward: 10/10 I will evaluate each trade risk/reward to give you confidence and compare to your current market sentiment. The upcoming ETH 2. 0 will allow users that hold 32+ ETH to receive stake rewards. To do this you will need to lock your coins for a certain amount of time, this will reduce the Ethereum supply (temporary, till you withdraw them) and pump the price. You can find price targets very easy by following the Fibonacci Lines. My personal target is 0.25 ,thats about 1500%+ from actual price. So by investing only 1 or 0.1 BTC you will end up with a very profitable trade (if you have enough patience) Are you balls big enough to handle this trade? Comment down below and share you thoughts!
Long
by Crypto_Burns
16
7 Altcoins I am Bullish on because of TechFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, the 7 cryptocurrencies that are altcoins (that I believe are covering a wide variety of sectors) that I think has some strong technological aspects, are what I will be talking about here. For avoidance of conflict of interest, I am not directly associated with the development of any of these. That being said, the 7 altcoins I am bullish on include: ChainLink, Cosmos, Siacoin, Waves, BitTorrent, Pivx, and Peercoin. ChainLink has a really developer friendly smart contract platform, and Cosmos has consensus protocols, and the ability to easily create side-chains. Siacoin has its proof of storage concept. Waves is a next generation decentralized application development platform with its own exchange. BitTorrent I like more as a startup rather than a crypto, but I am betting long on their technologies. Pivx reminds me of a staked variation of Dash. Peercoin is PoW compatible while having PoS for the network security. Peercoin easily can have more real world adaption. If I would be bullish just on the basis of technological aspects, I feel like these 7 altcoins would be on the list.
BITTREX:LINKUSDLong
by gamer456148
2
Crypto Total Market Cap is Bullish Are you?The above chart is very bullish, the downtrend line is broken and the market sees a good reversal. The daily 50 MA is crossing the daily 200 MA in upward direction which is known as the Golden Cross (one of the most bullish events). The last Golden cross happened in April 2019 and the total market cap gained more than 150% in the next 3 months. The bitcoin price touched the $14,000 during that bull run. We may see the same results in the next 6 months. Bitcoin will hit $13,000-$15,000 before halving. Long the best assets of the decade. This is a lifetime opportunity.
CRYPTOCAP:TOTALLong
by Bitcoinik
bitcoin last deep, to moonThis is the area where I will enter with great force, only from the technical perspective we have not yet corrected until 0.78 fibonnacci which would be the most relevant area. We must add that in the monthly graph we are close to ema 55 which I firmly believe will be tested again before a stronger momentum. There are two options with this bullish count: 1- This would be an ABC of a corrective wave (4) which would lead us to a fifth wave (5). 2- Or this structure is simply a C ending the correction to start a new upward wave cycle The price may never correct that area and continue from where it is. Esta es la zona en la que entrare con mucha fuerza, solo desde la perspectiva tecnica todavia no hemos corregido hasta el 0.78 fibonnacci que seria la zona mas relevante. Debemos agregar que en la grafica mensual estamos cerca de la ema 55 la cual creo con firmeza que sera probada nuevamente antes de un impulso mas fuerte. Hay dos opciones con este conteo alcista: 1- Esto parece ser una onda (2) corrigiendo para una onda (3) cual nos llevaria a la zona marcada. 2- O esta estructura es simplemente un ABC terminando la correccion para empezar un nuevo ciclo de ondas al alza Puede que el precio nunca llegue a corregir a esa zona y continue desde donde esta.
BITSTAMP:BTCUSDLong
by Mr_fibonnacci21
3
XLM should take back his place soon! bullish flagGuys please watch my suggestions about XLM and UVU . Firstly Stellar should handle the support and getting power to move higher as I see bullish flag . I think XLM should swap Cardano , Monero and Tron very soon and back on top10 position. BUY : www.hotbit.io CHECK :https://coinpaprika.com/coin/uvu-ccuniverse/ SITE : ccuniverse.org I am suggesting to invest in altcoin like : UVU which is new coin but with great perspective. Why UVU ? Because their unique vision based on crypto atm and recharge stations for electric cars . This european project got first successes behind them like listing on big Hotbit Exchange - You can trade there without K-Y-C so registration is easy and fast - brilliant model for less experienced users. Look into it: www.hotbit.io Moreover the price is still cheap it means BIG space to grow. Team predicted that price for 1 UVU should be a round 0.2 USD in March and now its just 0.0028 USD ! Also the cirrculation supply isnt big so it also work for future profit because many coins could be in Yours hand for less payment . Think serious about investition like this ! Also You will help to grow whole market because their mission to assimilate devices like Crypto Atm to local society . coinpaprika.com Check the chart :
BITFINEX:XLMUSDLong
by profitable_Meduza