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Crytpotrading

Cardano Google TrendsLike any other market - currency, asset, commodity, (Ponzi scheme?) - cryptocurrency prices are a function of the supply and demand. Holding supply constant, the more demand, the higher the price. The vice is also true. For simplicity, and realistically most supplies of legitimate cryptocurrencies are fixed, at least in the short term. So how do you analyze the demand? There are fundamentals to analyze such as the bid size (the amount/size people are bidding for it) but I am going to use a public sentiment. The tool? Google Trends. I cannot embed the image but look up ADA, BTC, BNB, ETH, and DOGE on Google trends to see what I am talking about. As you can see the leader on average searches is OG of cryptocurrency, BTC. However, as of late the public sentiment gauge has transitioned toward ADA. Why is this important? If you look at DOGE their is a direct correlation between the Google Trend results and the massive pump in price. The same could be possible with long term trends and price action of ADA. Cardano is currently the third-largest cryptocurrency based on market capitalization (price * tokens). However, it is still small compared to ethereum and less than 1/10 the size of bitcoin. Yet, I believe this system is one of the most well-designed and efficient ecosystems. Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress. For the prior reasons and more, it is no surprise that the token has had a massive run this year. Will this trend continue? The world may never know but I am currently an investor making about 5% on my staked tokens +/- appreciation. Banks don't pay anything anymore so I am taking this bet.
BITTREX:DOGEUSDLong
by howdydany
BITCOIN IS AT A CRUCIAL POINT! CAN WE DO IT BULLS?BTC is at a crucial point right now. We turned Support Into restiance. But we got a golden cross the other day I have a good feeling. LAST golden cross had a failed break out.. I believe this has to do with El Salvador and whales trying to keep the prices down as they were loading up. ( just a theory! ) Maybe by october or later this month We will be back on track... Maybe tonight :) Good luck guys! People saying bearish winter. I feel like we will be at 90k By end of november :) Peace and Love!
by ArmaanOG
Still believing it will hit 57K !!The king is back to 50k. But the question is will the price reverse from the strong resistance at 51k, or breaking 51k I would like to point out a few indicators that i think it will break 51k. From the last posting, I have been bullish with BTC. However, the price reverse from 51k and down to 47k. I have reasons to believe that it will break 51 to 57k at the first instance. The volume is decreasing when the price is going up. It just means that the sellers are less and the circulating coins in the market is getting scares. The pushes the price up. At a 4 hourly frame, there is a double bottom formed with a W bullish pattern. The MACD also revealed a bullish convergence. One might argue that in the 4 hourly chart, the RSI revealed a bearish divergence with lower high, which price going higher high. However, when you zoom out to a larger time frame, the MACD weekly time frame has crossed. It's still bullish overall. Since, it's bullish overall, just buy the dip or any breaking of pattern. I am overall bullish with cryptocurrency still Would really appreciate if you can hit like if you like the idea and shoot any comments.
by V12bull
My fairy tail for BTC going into September and Q4Recently, Bitcoin and the crypto market as a whole have seen a solid run-up from the lows we experienced following the crash in May. In order to move towards $100K+, we need interaction with the bull market support band. In September markets typically see some kind of retracement and in BTC's case I believe with the bounce we have received off the 20 day EMA, a retracement of 15-20% could tie in nicely with the strong levels of support in the $42K region, the 0.382 on the Fibonacci retracement(from the previous peak to low), and the 55 day EMA. If we do see this pullback, the strong levels of support coupled with the bull market support band can see BTC find footing in the perfect spot for crypto investors. This can potentially lead us to gain momentum and see BTC reach a new ATH over the duration of the next 6 months or more. I think the probability of a dead cat bounce in this scenario is less likely compared to previous crashes, BTC has been below the support band for 3 months in an accumulation zone. Previous crashes have seen numerous relief rallies immediately after provoking volatility, uncertainty and ultimately resulting in some form of capitulation. This period of accumulation seems to have more structure. This may be due to increased institutional investment and Wyckoff distribution, as seen through the recent peak being extended over months rather than a blow-off top and the recent accumulation area. Let me know what you think.
BITSTAMP:BTCUSD
by darshan87789
REDDIT'S MOST FAVOURITE COIN (NANO) IS READY TO MOVE BIG!Hello traders and tradettes! I hope you are all doing really well and hopefully not losing too much in these current markets. I think we can all agree that trading has been quite difficult lately. You can blame it on the leveraged trading all you like, but the volatility is also due to many unexperienced investors creating a speculative market and bull run, with lots of new traders feeling the high from their gains or the anxiety from their recent loses as well as traders who lost out last time and scared to lose again. This draws away confidence from the market and makes it harder to predict. My advice for you, trade the trend. Unsure of the market, don't trade at all. Certainty brings you the gains. 💪 Anyway, on to Nano - the coin with a goal for 'digital money for the modern world'. What are the key features of NANO? 1. Fee-less Transactions 2. Eco-Friendly 3. Instantanious Wait a second! Didn't Elon Musk say "Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down." Don't we already have this in the world of crypto? Well, let's go deeper. 1. Nano has a TPS of 1200-1400. Doge has a TPS of around 40. This is more than ten times faster. 2. Nano has a blockchain size of 1.7GB. 4.2 million transactions. Speaks for itself. 3. Doge has a transaction fee of ~$0.77 USD. Nano is fee-less. Elon Musk also stated that it would have to be eco-friendly and sustainable to be viable. Well NANO does not rely on mining, printing or minting, therefore extremely sustainable. Nano also has a fixed supply of 133,248,297. No more can be mined. This means a linear correlation with price if demand increases and less volatility due no changing supply. TECHNICALS Head & Shoulders Formation Multiple Touch Confirmation of Long Term Bullish Trendline Completing a Double Bottom Multiple Tests of the Strong Demand Zone Please let me know your ideas. I really love to hear them. Thankyou for the support. Love, peace, Seb.
NLong
by SXTrading
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