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BITCOIN BREAKDOWNHave a nice day dear traders, we are here with Bitcoin Bitcoin resumed its sharp move on Sunday evening early in the Asian session as I have been writing for the past two weeks. But currently I see less change, usually these moves determine the whole weekly trend but in this situation I would say the market went for liquidity at $16975 - $16920 and this is where the whales are taking long positions into swing trades. The last 40 years in the stock market, December has been 90% in the green which is currently indicated by the Fed's dovish policy We are currently at the vPOC ( point of control ) of the Asian session for BTC which means that if we hold this level on the 30m chart and do not close at least 3 candles below $16930 then I see the current swing trend breaking out to the levels indicated on the chart around $17,500
COINBASE:BTCUSDLong
by Crypto-Frantisek
5
ADA Trade SetupIt's awesome right, from past few hours market moving pretty upside !! Hey Welcome back - I have something to say First let me start with overbought condition, after good rally most of the crypto's are reflecting overbought conditions. How bad it is ? Let's just say for short term may be it's better if we look for shorts and so MACD added much more confirmation to those overbought conditions, Not only me no one knows how far this trend change will go but one thing for in trading we need to focus each and every key price points, no one knows when market sentiment gonna change. So my advice is stop predicting start reading the market. THIS IS MY ADA TRADE SETUP : Entry Range : 0.6581 - 0.6470 Target : 0.6192 Stop Loss : 0.6707 Note : My trade conditions hasn't triggered yet even it's in my entry range, I'll update when the conditions triggered in update section. Disclaimer : Anything provided here is not a financial advice.
Short
by Livermore_Jr
KNC Long term Halloween Spot trade for you profit goblins!Hello Traders, I have put together this trade set up and information for you to help you in your research. Please see chart for details and be mindful of your stop losses along the way moving them beneath the pullbacks to stay in profit the whole trade. KNC Price Live Data The live #Kyber Network Crystal v2 price today is $1.73 USD with a 24-hour trading volume of $48,869,324 USD. We update our KNC to USD price in real-time. Kyber Network Crystal v2 is up 6.77% in the last 24 hours. The current #CoinMarketCap ranking is #256, with a live market cap of $307,680,364 USD. It has a circulating supply of 177,809,350 KNC coins and the max. supply is not available. If you would like to know where to buy Kyber Network Crystal v2, the top exchanges for trading in Kyber Network Crystal v2 are currently #Binance, #Mandala Exchange ,#OKEx, #Huobi Global. You can find others listed on our crypto exchanges page. What Is Kyber Network (KNC)? Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (#DApp). The main goal of Kyber Network is to enable #DeFi DApps, #decentralized exchanges (DEXs) and other users easy access to #liquidity pools that provide the best rates. All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model. Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs. The Kyber Network Crystal (KNC) token is a utility token that is the "glue that connects different stakeholders in Kyber's ecosystem." KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals --- and earn staking rewards in Ethereum (ETH) that come from trading fees. Who Are the Founders of Kyber Network? Kyber Network began its development in 2017 and is built on top of the Ethereum blockchain. The project was founded by Loi Luu, Victor Tran and Yaron Velner, and currently has its headquarters in Singapore. Loi Luu is a blockchain researcher and an advisor for various blockchain projects. He developed #Oyente, the first open-source security analyzer for Ethereum smart contracts, and co-founded SmartPool, among other decentralized projects. Victor Tran is a senior backend engineer and Linux system administrator. He was the CTO at Clixy and 24/7 Digital Group as well as a developer for several projects in Vietnam. Yaron Velner is the current CEO of B.Protocol, a decentralized backstop liquidity protocol, and was a postdoctoral researcher. Velner stepped down from his CTO position at Kyber in October 2019 but remains as an advisor. The Kyber team is also composed of several executive advisors, engineers and designers. According to the official Kyber Network LinkedIn page, the company has over 50 employees --- most of which are based in Vietnam or Singapore. What Makes Kyber Network Unique? Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third-party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols. DeFi has many use cases and possibilities. Therefore, no single liquidity protocol can fit the needs of all liquidity providers, takers, and other market participants. Kyber's liquidity hub architecture allows developers and the Kyber team to rapidly innovate and integrate new protocols into the overall Kyber Network to cater to different liquidity needs. In April 2021, Kyber launched the Kyber DMM, the world's first dynamic market maker protocol (DMM). Kyber DMM is a next-generation AMM designed to react to market conditions to optimise fees, maximise earnings, and enable extremely high capital efficiency for liquidity providers, especially for stable pairs with low variability in price range (like USDC/USDT, #ETH/SETH). They will be able to support pools with extremely high amplification factors, which means given the same liquidity pool and trade size, slippage can be 100x (or more) better than typical AMMs. Depending on their amplification strategy, liquidity providers can maximise the use of their capital and have the opportunity to earn much more fees relative to their contribution size, while takers can enjoy extremely low slippage on their trades. Kyber DMM is the first of many new liquidity protocols that will be launched on the Kyber 3.0 Liquidity Hub. In the Kyber #ecosystem, KNC token holders play an important role in deciding new #growth and value-capture opportunities and incentive mechanisms. Through KyberDAO, KNC holders can participate in the #governance of the network by voting on important proposals. Kyber's #community is sizable and made up of a wide range of developers, in addition to other members of the blossoming DeFi industry. Kyber's fully on-chain design enables the protocol to maintain full transparency and verifiability. The platform claims to be the most used liquidity hub in the world. How Many Kyber Network (KNC) Coins Are There in Circulation? As of May 2021, Kyber Network has a total supply of 210 million KNC tokens. Out of this, just over 200 million tokens are in circulation. The KNC token is dynamic, with the KyberDAO having the ability to vote to increase or decrease the supply in order to drive innovation, bootstrap liquidity, and reward early adopters of new protocols such as the Kyber DMM. Kyber concluded its initial coin offering (ICO) on September 15, 2017, raising $52 million by selling each KNC token at a price of 0.00166 ETH. According to the official token distribution paper, 61.06% of tokens were sold in the ICO, 19.47% were saved for the founders, advisors and seed investors, and the remaining 19.47% was reserved for the company. How Is the Kyber Network Secured? As an ERC-20 token, Kyber is built on top of and secured by the Ethereum blockchain. In addition, Kyber uses an extensive trust and security model that protects users from misbehaving administrators or exchanges, thanks to security measures built in both at the protocol and smart contract level. The platform has been audited by several third-party security firms and researchers, including #Chainsecurity, which have determined that the protocol is secure and hence free of vulnerabilities. Where Can You Buy Kyber Network (KNC)? KNC tokens can be purchased and traded on a variety of exchange platforms, including prominent names like Binance, Coinbase Pro, Huobi Global and Kraken. The token is currently listed on more than 20 exchanges and has more than a dozen trading pairs, including #stablecoins like #Tether (USDT) and Binance USD (BUSD). If you are looking for a guide on how to buy KNC tokens or other cryptocurrencies using fiat, check out our detailed guide to get started. Have a green week, Savvy
Long
by Savvythe1
2
ETH Trade Setups 2020/12/22Daily ETH Trade Setups There are two potential trade setups that could develop and we can wait patiently to see if either setup gives us a good trade entry Scenario 1: False Breakdown at Horizontal Support In this first scenario, we are waiting for price to hit the horizontal support @~$595 and then bounce back up. Confirmation criteria for entering a long position: 1. Candlestick: A breakdown candlestick (candle close below support @~$595) followed by a reclaiming candlestick (candle close above $595), ideally breakdown and reclaiming candlesticks are consecutive candles, but also have a few candles in between. 2. Volume: Above average volume (volume above the average volume line) on both breakdown candle and reclaiming candle, ideally the reclaiming candle's volume is a local high 3. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (color changing from red to pink) Ideally we get all three confirmations above for an entry, but sometimes we might only get 1 or 2 confirmations. The more confirmations, the higher the win probability. Scenario 2: Rejection at 200MAs In the second scenario, we are waiting for price to go up to the dynamic resistance zone of the 200MAs and then fall back down. This zone is currently projected to be $630-$635, but could be slightly different once we get to that level based on price action. Confirmation criteria for entering a short position: 1. Candlestick: A bearish candlestick pattern such as a bearish engulfing candle or a multiple candlestick breakdown (a large green candle followed by multiple red candles that eventually close below the open/low of the large green candle) 2. Volume: Above average volume on the bearish engulfing candle / on any of the multiple red candles that eventually break the green candle (ideally on the candle that breaks) 3. MACD: MACD histogram topping out (changing from dark green to light green Ideally we get all three confirmations above for an entry, but sometimes we might only get 1 or 2 confirmations. The more confirmations, the higher the win probability. Please follow for daily trading levels and potential trade setups on Bitcoin and Ethereum. I will be posting trade setups at about this time every day.
by cryptotraderog
3