Buying targetUNISWAP being a defi project has always been gaining attention from people
The selloff recently has opened up a good opportunity for those who wants to accumulate more of this coin for the bright future
I always believe that the level of support will determine how strong the coin will come back. Seems like the coin drop almost to the fib level of 0.618 and bounce back strongly after that. I think any fib level at 0.5 is a good buy. This level was a strong resistance before which now has become a strong support. Very unlikely that it will touch the 0.781 level, but it might happen and it's a bonus for us
Good luck
Cyrptocurrency
DOWS THEORY AREA NOW RESISTANCE FROM RED WEEK IN MAY!As you can see from my chart, the 50% retracement area from the swing high/low from the largest red week in May is now being respected as a resistance area. Though this is not a fibonacci level, the 50% retracement area as described by Dow remains one of the strongest psychological levels in TA. With this area now serving as a resistance for Ethereum it will continue to test this area until is definitively broken.
Based simply on market sentiment, overall trend, and MY OWN OPINION - this asset is headed much higher... as long as it can break this .5 area of resistance from the major swing high to low. Keep an eye on this level however, if this area can not be broken then the next area on support would be located around $2750-$2800.
Of course the macro (Bitcoin) will always drive the market, which looks to be in a bullish trend towards $60k.
This is not financial advice, however if you enjoyed this analysis please LIKE & SUBSCRIBE <3 <3 <3
Bitcoin might be retrace the major support Area!!Technical analysis:
#BTC (4hr Update)
Welcome to this quick update everyone, In 4h timeframe, Massive Bearish Divergence is Still Valid so Be Careful, If You're Looking For LONG/BUY Position.
Bitcoin Might Retest the 42 to 40k Area 📉
Overall, Bitcoin Bulls in Complete Control but In Short Term, A Pullback Would be Healthy for Strong Uptrend📈
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
LTCUSDT - Target 183 USD soonThe idea in the Elliot targets scenario is to combine:
+ Oscillators indicator ( Rsi - Relative Strength Index )
+ Center Oscillators indicator ( MACD - Moving Average convergence Divergence)
+ Volatility indicator (BB - Bollinger Band ).
There are some option in the script, let see:
- Bollinger Band: calculates trend with signal combination from Bollinger Band indicator.
- RSI: calculates trend with signal combination from RSI .
- MACD: Main indicator of Elliot targets script, with option Histogram highest or lowest
in a week, a month, quarter, year depending on timeframe H1, H4 or Daily... I will show with pictures following photo.
- Label: Option to display the price notice board:
1 - Main bulletins board (default: off): showing all prices at Fibonacci levels (38.2, 50, 61.8, 161.8, 200, 261.8).
2 - Separate bulletin board for 2 trends (up - down): current price at Fibonacci levels (38.2, 50, 61.8, 161.8, 200, 261.8).
Cost Basis is the key to understanding how to trade cryptos.My prior posts on BTC presented the concept that if BTC bounced-off the lower cost basis line (illustrated was the swing trader and short term traders costs basis), we would want to be long and take advantage of the accumulation driven by 1) Hodlers not selling and 2) new capital coming into the market (with lower break even points.)
The middle cost basis line (refer to related articles/links), I said to be long when support was found with the first price target being the upper costs basis line. The second trade or add-to trade, would be when the upper cost basis line was breached and support was found on a re-test - we are now at that point.
Out next price target are the prior highs. This is a reflexive process where new capital is drawn in as price escalates which attracts even more capital and a higher rate of 'hold'ing'' that is : "trade when the market is behind you!"
On the other hand - the cost basis lines provides solid areas for average breakeven points in the market and where you stop losses can be set - at least mentally. This is important as crypto is an expectations game - this no fundamental value to provide arbitrage boundaries per se - so this is a very good way of understanding pure speculation and its application to BTC and other cryptos.
#BTC #CostBasis #AdamCox #Trading #Crypto
ETHEREUM : IMPORTANT KEY LEVEL FOR LONGHi to all,
ETH is moving bullish like BTC. 2,4K is an important key level for getting a long position if you didn't take yet.
Above this level first target will be 2,6 and the next target will be 2,9K.
We will talk about a new strong bull season if it breaks 2,9K upside.
Keep follow me for the updates. If you find this analysis useful, please support me with LIKE and feel free to ask all your questions as a COMMENT.
GET READY TO BTFD! 22-24K inbound?The Daily RSI has begun to breakDOWN out of it's triangle. MACD still signals weakness with the line crossing under the signal. Most other indicators calls for weak bulls. Thus, I think we're at the beginning of the last (5th) Elliott Wave down.
Trading principles says we should at minimum retest 18.8-20K, and quite possibly lower. But I'll be happy to back the truck up at 24K and see what happens from there.
As always, nothing is guaranteed. Trade safely, manage risks and DON'T let Elon tweet.
Kin just 14 days from major breakout 071421We are seeing a nice breakout point for KIn within days. I am using the Martin Auto Trendlines (red and green dotted trendlines) to see the possible path for Kin within days and something tells me we will be on the upside but If Bitcoin decides to make that last move down then we could see Kin go lower for the short term. This will be a great time to dollar cost average into more Kin as we are getting closer and closer to Bitcoin turning the corner and heading to its end of year peak of over $250-$300k. Time will tell.
ChainLink Fibonacci retracement possible scenario Time : 4 hour
Indication : Fibonacci retracement
Recently Chainlink price at Fibo 0.618 which around 17.2-17.6 .
When Bitcoin drop to 31500 , Chainlink might follow Bitcoin drop to 0.786 this area around 16.1-16.7 and rebound back to Fibo 0.618.
Strategy of the day
LONG
Entry : 16.2-1.64
CL : 15.2-15.4
TP 1 : 17.4
TP 2 : *****
=D
Ethereum keep follow our plan??? 13/7/21Time : 4 hour
Indication : Fibonacci retracement
Strategy 9/7/21
Entry : 2170-2190
CL : 2245
TP 1 : 2040 ✔ 650% ROE
TP 2 : 1962 aggressive player
TP 3 : 1910 aggressive player
Congratulations for the follower who follow our strategy dated 9/7/21.
Ethereum reach FIBO 0.382 price around 2040, the price might moving between 2030-2090 in small time frame.
But most probably ETH going down to 1900 again. because still DOWNTREND.
For normal player,
You might full TP at 2040 =D
For aggressive player ,
We aim bigger profit, but we don't want loss our profit also.
We aim 1910 =D but CL move to level 2110, hit out CL we still earn.
For RISK taker without holding any position,
Can try short at 2080-2095, CL 2135-2145.
All the risk control by you, play safe =DDD
Bitcoin big chance to going back to 36,000 ??? 11/7/21Time : 1 hour
Indication : Fibonacci retracement
Refer to our idea dated 9/7/21,
Short term time frame
The attached Fibonacci retracement was legit.
Bitcoin retrace back to two time 0.382 price around 33900-34100 and it very fast drop back to 0.5. We can know that currently short term resistance price at 34100.
Recently bitcoin struggle at the fibo 0.5, but in small time frame soon it will have one big direction.
Probably it might going back to 0.618 in today.
As big picture, bitcoin still at the downtrend mode.
it might turn trend when price going back to 36500, but first to break 34100, 35000 and 36500 resistance price.
Our strategy still stick with 9/7/21.
Good News For BTC?BTC dominance looks like it will rise in the next few months. The only problem I see is approaching the 200 EMA which has been respected in the past. But if that doesn't become a problem, I see BTC performing better in the near future.
Let me know about any thoughts or suggestions in the comments!
🔥 Bitcoin Bullish Break Out, But For How Long?Yesterday I made an analysis stating that a bearish reversal from the orange trend line was highly likely. Also, I made the note that in case the price would pierce through the top resistance of the bearish channel, the 36k area was my personal confirmation for a possible bullish move.
Today we've seen a very strong influx of buying pressure to launch BTC outside of the bearish triangle. Investors are now looking whether we can stay above 36k for a longer period of time, or that we will fall through it.
Another point of interest is the newly drawn blue trend line. This line connects the high before the "bear-market" sell-off, the 41.5k local high on th 15th of June and today. Currently, the price is higher than the blue trend line. A dip below this trend line could indicate that we're lacking buying power. However, if we march on towards 37k and above, we might contest the 40k resistance rather soon again.
Admittedly, things are looking good at this point in time. Both the orange and blue resistance trend lines have been taken out. 36k resistance has fallen, alts seeing incredible gains volume steadily increasing (yellow square). I'm cautiously optimistic that we could see 40k again in the coming week. However, I want to see how BTC will behave around the 36k area first. Don't want to be caught in a fake-out like on the 15th of June.
Keep in mind that the orange bearish triangle resistance line could be tested again before the continuation of the short-term bullish push.
Happy trading!