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Cyrptocurrency

🔥 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!
by FieryTrading
16
Ethereum Prediction Forgive me for the amateur drawings still working my way around this platform. However lets focus on the important stuffs. Seems as though ETH is now done with its Head and Shoulders and what could have been a false breakout. It has not broken the trendline. If it does break resistance it is bullish , in the mean time more likely it would complete the H & S pattern and move sideways. My prediction is a possible pennant once the H & S is formed. ALSO MACD seems to be crossing which means bearish at the moment Stay tuned !
COINBASE:ETHUSD
by Suria97
2
Is BTC Crashing Again? Okkkkk so my first prediction shut a few people up LOL. Let's take a look at the monthly timeframe for the time being. What we clearly see is a Hammer formed, followed by a possible engulfing of that candle, but closer to the close of that candle, we should see if it is or not.I would possibly look for a sell position around 47k where i have clearly marked at the wick of the hammer my entry. People will gain fate again in the coin, but will it retrace to 20k, no doubt. Scanning over the daily timeframe, its quiet interesting to see that 47k is clearly showing confluence with the Fibonacci extension at the 50% zone, which is also known as a golden zone for entries. One last thing that completes my analysis is we have liquidity zones(Imbalances) below that need to be filled with the Ema (40) just below them.
BITSTAMP:BTCUSDShort
by CIAN0_0
"SAFE" "MOON" Only one month old, time is money.Safemoon is a new upcoming crypto currency that uses a new method called "burning" to accumulate more scarcity and demand. This drives the price of the coin up. It has been receiving increasing massive volume, and has already hit a market cap of 1 billion dollars. It is not currently tradable with USD, so you must buy bitcoin or ether. Then convert the coin into USDT in order to buy Safemoon coin; as it is only currently available in Europe. I believe this will eventually make its way onto Robinhood, and Coinbase. The moderators of the token just were able to get it onto a Korean Crypto Exchange. The moderators and some are pushing EXTREMELY HARD. Its a unified effort. We must become one. Tell everyone. Best of luck to yall. Thanks, Benjamin twitter.com safemoon.net (1million holders) "God is good and good with accountability is God"
RLong
by benarcotta
3
DOGECOIN DOGE/USD: IDEACurrently @ 0.32 Since the beginning of April Dogecoin has gained 734% from the price it started the month with. This bull run was mostly fueled by retail traders & tweets/endorsements from Elon Musk & a few other billionaires. Since Dogecoin has little to no support from developers/mining community, Hedge funds, banks & Money Managers they way bitcoin has it makes it a high risk investment but there is some potential for growth for this crypto , so lets look at possible outcomes of this cryptocurrency in the next few days/weeks. Currently everything looks bearish Looking at the chart we expect the pair to fall to at least 0.20 before a reversal and continuation of it bull run. 0.20 lines up with the Golden Fibonacci Retracement ratio of 0.618 for it to complete a bullish harmonic pattern which is currently being formed on the 4H chart. Do note that it can still fall beyond this level but in no way will it go back to 0.05. It will be wise to set Buy limit entries @ 0.20 & Buy Stop entries @ 0.5 If we look at other cryptocurrency's historic charts like Bitcoin, Ethereum, litecoin, ripple, etc. you will notice that after the first breakout or surge for the crypto it tends to fall back to a third of its peak or back to the price it started with just before the breakout. It will be best to set buy entries at lower entries to maximize your return on your investment.
BITTREX:DOGEUSD
by fxspott
SOS UPDATE 4/20I picked up a few hundred shares when SOS fell bellow $4. Awesome mid-day rebound. Today's News: SOS Enters into a Purchase Agreement for 575 Ethereum Mining Rigs with 400 Giga Hash Rate Capability. Mr. Yandai Wang, CEO of SOS, commented, "we are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services and which will be a core part of our growth in 2021 and beyond". markets.businessinsider.com www.nasdaq.com
NYSE:SOSLong
by SPADESASSETS
3