KNC Market Making MagicKNC has very strict behaviour from it's respective market makers in terms of respect to most traditional technical indicators
If the regression channel doesn't allow for a major move to the upside (and if bitcoin can continue ranging)
I could see a tap on the fibs lowest level to initiate a move to re-test demand the local low set a few days back during terra event.
Laid out like a meal on the chart - let me know what ya think
TIGHT STOPS - this mf'er loves to rip
Cryptos
Deeper Network DPR CryptoDeeper Network DPR Crypto has no new pattern forming but is still in an uptrend.
Websites:
www.deeper.network (DPR Main Equipment Website)
dpr.deeper.network (Mining Rewards after Staking)
www.deeperscan.io (DPR Wallet Lookup)
apps.deeper.network (DPR Crypto Polkadot Parachain Governance System, New Wallet, Smart Contracts Upload, Miner Wallet Info)
www.youtube.com (DPR Videos)
www.fbi.gov (FBI VPN Video)
parachains.info (Deeper Chain Polkadot Parachain Pending)
Crypto Whale Information: See the Whale news on my channel for there wallet info, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
Crypto Blockchain Community Governance - Currently being controlled directly by Deeper Network not by the Community thru a back door in the program (Verified on AMA)
7 Validator Nodes – 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
Burn Wallet – There has not been a routine burn setup yet promised by Deeper to fight inflation.
Polkadot Parachain for Deeper Chain – is not at the moment yet (Verified by Polkadot Support)
10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); 4 Billion DPR Belong to Deeper & Investors
Warning: Possible Token Crash Starting in September 2022 thru the next 8 months
Company Info:
Deeper Network of the Marshal Islands (no office location there currently) Crypto Currency
Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/VPN/DPN
EIN Tax ID# 841835438
Location Of Head Quartiers Office: The main temp office rental location no longer exists that is advertised and on Entity Documents, supposedly working remotely from home and out of a shipping warehouse since the past year or longer unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified.
Location of their servers where data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
The UNWINDING of a speculative phase can be UGLYI'm not suggesting Bitcoin will fall back to $3k or less. What I am suggesting is there have been two unique speculative bubbles in Bitcoin. If the current unwinding event is a severe as I think, Bitcoin could fall back to levels below $6500 before attempting to find any real support.
If you really believe the excesses over the past 8 years warrants a $30k Bitcoin price - wait till you see what happens when the Fed pushes FFR rates above 1.5% and a real asset bubble bursts across the globe.
Got Gold & Silver yet?
Follow my research.
Ethereum's Last Line Of Support...Simple Technical Analysis and Fibonacci Price Theory suggest that RED LINE could be the only thing supporting Ethereum.
Heads-Up.
Bitcoin consolidating near Tesla Price Amplitude ArcWatch how this plays out. I'm seeing the $25,600 level as the immediate downside price target for this move. This brief consolidation in a downtrend may not be over for Cryptos just yet. I believe the global markets are nearing a bottom - or at least looking for new support. But in terms of Crypto deleveraging, I believe there is still quite a bit of pain to be seen while price levels attempt to identify new support.
Watch for another downside price event to take place over the next few weeks as traders attempt to reduce risks. The market is attempting to unwind a massive speculative phase and this move could be very painful for many.
$25,600 to $26,000 looks like a solid downside target to me.
LUNA LongHey traders, in this week we are monitoring LUNA for a buying opportunity around 58 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
a bearish bitcoin outlook for the rest of Q2im not trading this range but i am increasing my exposure to bitcoin for the first time since it went north of 14k in 2020. slowly but surely, little buy little. we are past half way in the bitcoin halving cycle, this is historically a good time for those bullish on bitcoin long-term to re assume buying. dca baby.
Cronos From Crypto.com Can Be Finishing A Corrective DeclineHello Crypto traders, today we will talk about Cronos coin from Crypto.com in which we see deeper and bigger (A)-(B)-(C) correction from the highs that can be approaching the end soon.
The main reason why Cronos looks corrective is an Elliott wave running triangle formation in wave (B) in the middle. In Elliott wave theory , we know that triangles cannot occur in wave (2) as part of a five-wave impulse, so it must be wave (B) which indicates for an A-B-C corrective movement. Triangles consist of five waves A-B-C-D-E. Triangles also suggest that the final leg is coming before a reversal, so in our case wave (C) before it finds the bottom.
As you can see, CROUSD chart is already breaking out of wave (B) running triangle pattern and wave (C) can be already in progress. Ideal support we see at the starting point of mania cycle back in October 2021. If we also consider equality measurement of waves (A)=(C), then ideal support zone comes around 0.20 – 0.15 levels and from where we will expect a bullish reversal.
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Bitcoin Continues To Trend Lower - Targeting $36k.Just as I predicted, Bitcoin continues to slide lower. I still believe Bitcoinust reach $36k before finding real support.
Trade cautiously as this breakdown may be sudden.
Follow my research.
Still in correction wave, $0.35Right now, OGN is trading around 0.47 and it's in lower third wave which might be at 0.42
That case, OGN come down to around 0.35
Besides, BINANCE:OGNUSDT has a invalidation level below 0.32
What next, wait and see
SHIBAUSDT H1SELL ENTRY @0.00002434
STOP LOSS@ 0.00002489
TAKE PROFIT@0.00002379
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THETAUSDTBUY ENTRY @3.389
STOP LOSS@ 3.256
TAKE PROFIT@3.570
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BLOK basing after M-pattern: a bullish play on cryptos & minersBLOK after completing a big M-pattern is consolidating inside a DARVAS box. The bottom of this box
brings us back to Dec2020 right before the launch of the big rally to ATH, which offers an attractive buy point with very low risk to reward ratio provided a cutloss is in place.
Bouncing from the bottom will see BO of box to reach the various TPs indicated on the chart.
Not trading advice
#btcstarburst TRAP OR TREAT?Who knows? This is the center of a major GANN channel… I have referred to this yellow line as the Blood line… (its yellow so its clear to see) the channel we have been falling through (THE RED RIVER OF DEATH) magically stopped on the line!! If it continues onward and breaks above 41k, 43k and 46k then holds support back in business…. The support channels are there. I could be broken down in smaller time frames but people seem to complain about the complex issues of reading the charts (laser eyes needed). Some would call this a dead cat bounce, others are going to say there is “GREAT NEWS IN THE AIR TODAY” and this is why BITCOIN is moving… Both are FUD. The beast does what it wants too. Leverage manipulates its path drastically, and as stated there can be massive falls on days in multiples of 5 (this doesn’t always happen but it is close and common, and when it doesn’t we do see a run). If you look at the BLUE line from our previous grid… Important to break. DCA SAFELY THIS A STUDY into Gann
LUNA possibility to retest and continue highHey Colleagues,
Today we came across LUNA/USDT . We see a great opportunity for this coin to show some bullish candles in the coming period around 90 Level.
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Yours Sincerely,
Tournesol Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BTC heading down !!!this analysis is a long term view of the bitcoin, this does not mean an end to cryptos in general
however with the uncertainty in the capital markets and the risk sentiment off i see that a move lower will be more interesting to buy again
BEPROO TO BLOW!!! usd Taking a look at Price action on the USD pair we can see that we are retesting a level from August 2020 acted as resistance and was broken out of again on February 2021.Then was back tested once as support in June 2021 on top of the short-term Daily Double bottom and is now being back tested again here in March and the month of February in 2022 with another short-term Daily Double bottom .Now we're seeing solid rejection continuation confirmation to the upside with weekly bullish Divergence on the macd indicator from a weekly perspective !! The asymmetry in terms of risk to reward is very lucrative
SANUSDT M30SELL ENTRY @3.3818
STOP LOSS@3.4597
TAKE PROFIT@3.2967
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ALPHAUSDT 15 MBUY ENTRY @0.3155
STOP LOSS@0.3055
TAKE PROFIT@0.3255
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Cardano gonna pullback?Looking at the daily chart on Cardano I am seeing price pulling back in the short-term.
Around 10 days ago I was calling bullish on ADAUSD after seeing that support hit at .72 on March 11th.
I mentioned I wanted to see .90 taken out and then that key resistance level of 1.00 which was the most important.
After yesterday's big move above 1.00 and the large rangy candle I see price looking pretty overextended and see this pulling back in the short-term.
It is important though to watch the mid level of yesterdays daily candle, roughly around 1.04. If that mid level breaks then it should drop further but it is possible if finds support at or around that level and rebounds.
Will see how it plays out but it is nice to see most of the cryptos looking pretty strong the last week or so.
BTC-DAILY-PULLBACK ?WEEKLY (W1)
Weekly closing @ 37'790 just slightly above the weekly clouds support level @ 37'516.
We, very often, hear "jamais 2 sans 3" and we saw the third weekly candle closing, in a row, above the bottom of the weekly clouds support area...
Ongoing price action is showing a recovery attempt within the clouds and in this weekly time frame, we have to wait the next weekly closing level which will give more clues for the next week (s)
WEEKLY PIVOTS LEVELS :
32'950
45'850
DAILY (D1)
Last daily price action triggered an additional bearish black candle which closed @ 37'790, below the former uptrend support line !
Today's ongoing recovered price action should be seen, for the time being as a CORRECTIVE PULLBACK ONLY, towards the former support trend line.
Indeed, as already mentioned, the CLUSTER of MBB, KS and TS is still the first significant resistance area (39'700-39'900) to break in order to neutralise, temporary this downward pressure, which is still alive !
Above it, the DAILY CLOUDS RESISTANCE AREA should also be clearly broken on a daily closing basis in order to reopen the door for higher levels towards the ongoing daily downtrend resistance line)
ON THE DOWNSIDE, no change in my view 37'500-37'000 as the first support area to look at, ahead of the 36'250/35'000 next support zone.
4 HOURS (H4)
In recovery mode, currently above both TS and MBB, and facing the KS resistance @ 39'201 !
Above the next resistance level will be the 38.2% Fib ret @ 39'486, ahead of the 50% Fib ret @ 40'079 (also roughly the bottom of H4 clouds resistance area !) then the 61.8% Fib ret @ 40'672 (H4 top clouds resistance zone)
On the downside, a failure to clearly break and hold on H4 closing basis above KS woul, again put the focus towards the former low around 37'500 ahead of the former daily congestion bottom @ 37'000 ahead of 36'250/35'000
KEY SUPPORT PIVOT LEVEL @ 32'950
1 HOUR (H1)
Corrective recovery from the intraday low of 37'567 towards a high so far of 39'220 (doji !) and H1 clouds in resistance !
IN THIS HOURLY TIME FRAME,WATCH THE CLOUDS (39'000-39'300) ON THE UPSIDE AND 38'600-38'400 ON THE DOWNSIDE.
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BTC-DAILY - WATCH 38'244 AND 39'900 AS PIVOT LEVELSOn the DAILY TIME FRAME , the 2 levels to watch at and monitor carefully still the same than yesterday :
1) ON THE DOWNSIDE : 38’244 (Former recent intraday low)
2) ON THE UPSIDE : 39’700 – 39’900 ( KS and TS Cluster)
A breakout, on a DAILY CLOSING BASIS , of one of those levels, would have the following implications :
DOWNSIDE : Focus will shift towards the 37’000, former congestion zone seen at the end of February ahead of the former low of Jan 24th around the 33’000 area.
UPSIDE : Focus will shift towards the ongoing downtrend line resistance, currently around 41’250, ahead the main resistance of the DAILY CLOUDS , currently between 41’550 and 42’524,
THE LATTER LEVEL (42’524) BEING THE KEY PIVOT LEVEL, WHICH IF CLEARLY BROKEN WILL FORCE TO A VIEW REASSESSMENT OF MY EXPECTED BEARISH SCENARIO CALLING FOR LOWER LEVELS
RSI below 50, @ 46.72
LAGGING LINE moving, for the time being on a sideways mode, below the KIJUN-SEN.
Last but not least the ongoing secondary uptrend support line (around 38'800 ) is currently under attack and and a failure to hold above this line, on a DAILY CLOSING BASIS, would also weigh on the BTC in increasing the selling pressure.
4 HOURS (H4)
Currently below the clouds and the Mid Bollinger Band and just slightly below the TENKAN-SEN (39'056)
Ongoing H4 closing level should give more clues for the upcoming trading hours.
Indeed, the H4 clouds resistance area (39'532-41'250) should be seen as the main obstacle to cross over in this time frame; 39'904 being the 38.2% Fib ret, 40'418 the 50% ahead of 40'931 (61.8%) and also close to the top of H4 clouds.
RSI @ 45.95
LAGGING LINE below the H4 clouds and below both TS and KS; still slightly above MBB
Currently caught during the last 2 days, in a narrow trading range, between 38'700 and 39'500
1 HOUR (H1)
Sideways price action, currently below the H1 clouds which are, at the moment, very thin = very fragile.
A sustainable recovery above the hourly clouds would be the first signal, calling for a potential TACTICAL SHORT TERM REVERSAL, with, once again an upside potential pretty limited (Fibonacci retracements previously mentioned in H4) in this broad BEARISH STRATEGIC STRUCTURE !!!
CONCLUSION :
HAVING IN MIND A STRATEGIC VIEW, THE UPCOMING WEEKLY CLOSING LEVEL IN A COUPLE OF HOURS SHOULD GIVE ADDITIONAL CLUES FOR NEXT WEEK AS A FAILURE TO HOLD WITHIN THE CLOUDS WOULD BE SEEN AS A ADDITIONAL WARNING SIGNAL, CALLING FOR LOWER LEVELS; THE LAST 2 WEEKS, THE BTC MANAGED TO CLOSE AND HOLD ABOVE THE BOTTOM OF THE WEEKLY CLOUDS AREA !
Will the BTC be able to repeat the price action of the 2 previous weeks and hold above the bottom of the weekly clouds ?
Answer in a few hours...
Have a nice Sunday and all the best.
Take care,
IRONMAN8848 & Jean-Pierre Burki
Monero looking to breakout after holding supportMonero XMRUSD is looking quite interesting today breaking out and looking to test the recent breakout and resistance.
We are looking at a daily chart in this idea and I show current and past support and resistance.
Like most of the major cryptos XMR has been quite bearish for a while but with this crypto it is at least looking to turn around.
140 is strong support and then on March 8th we see the big breakout in that larger range candle. On a side note one of my strategies for long term success has been to watch the larger range candles and more often look to enter after smaller ranges. Typically a large candle will pullback on the next candle a good percent of the time as we saw on March 9th.
The current breakout will need to be watchful of the 200 resistance level but overall it looks pretty interesting.
This is what the beginning of a potential trend change looks like. Getting back above 254 resistance really confirms it.
