DATA
#DATA/BTC (June 03)After increasing sharply from 100sts to 1100sts, DATA is now turning to a downtrend and of course holding DATA in this period is not a good idea.
DATA has a very strong resistance zone of 700-750sts and I think DATA will form a Head & Shoulders pattern in June and fall off 528sts to hit the support area of 400-425sts
DATA/USD - Potential Break from Downtrend- DATA has been on a consistent retrace since falling through support about a week ago.
As this retrace meets the lower support look for the potential break to the upside.
(Watching for a positive retest of support or break where indicated)
25% over the next 7 days is not out of the question here but remain cautious, *those that longed early may be looking for an out as price turns around.
As always, not financial advice, just my own TA and thoughts.
Bingaz
GBPNZD to rejoin monthly trendline?Hello Traders
Where are we at with GBPNZD?
What we need to look at is growing pressure on the NZD after Fridays Trump "Press Conference".
Pair that with the current GBP outlook, it could be interesting.
CoT data provided free of charge through CFTC, showing both pairs are more shorts than longs.
To conclude, I foresee the weekly uptrend breaking.
I will be actively watching this pair as it could accept the rejection of the trendline, but it could retest further up and possibly even go the other way!
I can also see it touching and rejoining the monthly trend line.
I shall be reacting, not predicting.
Could this be the case? Feel free to comment and criticise.
Please like and comment on this chart, any questions please do not hesitate to message me on here or on telegram.
@Roo_Martin
Always happy to help.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
What Will Streamr DATAcoin Go Next?Here is another altcoin that has a unique chart, Streamr DATAcoin (DATABTC).
First we saw the massive bullish action on the 25-Nov '19, maybe a whale or group buying, surely a signal of a new change of trend.
After a long and strong correction, DATABTC started to move again in March 2020, a new uptrend has formed.
Last April we saw the last peak and since then the strength of the chart still exists.
Streamr DATAcoin Signals List
Prices remain trading above EMA10.
The classic retrace has been solid and strong (prices remain above EMA10/EMA50).
And we have a continuation pattern.
Bullish MACD and RSI.
Here the bulls can have the upper hand.
The main support is sitting at EMA50 (0.00000699).
This is an important level if prices drop.
Below this level we turn bearish short-term.
Above this level we remain strongly bullish.
This is not financial advice.
This is not a trade, you should do your own research and have your plan/strategy if you decide to trade.
Namaste.
Data = Money #LINK #Chainlink $LINK
Weekly
Looking at our highest timeframe we can see Chainlink has been in an uptrend since being introduced to the OK Exchange. Stochastic RSI showing momentum has followed price and respecting uptrend structure. Our previous higher low was formed at 340 satoshis, followed by a higher high at 508. Price action is now looking to form a higher high with support found at 390. A look at our smaller timeframes will give us a better picture.
Daily
Shifting over to our pattern timeframe we can see LINK is an ascending triangle pattern, stochastic rsi momentum continuing to respect uptrend structure as well. Recently we saw a rejection at 440, and are now looking for support before our next move. Possible sell-off to 400 satoshis, but we’ll have to look at our trigger timeframe.
4Hour
Finally looking at our trigger timeframe we can see LINK has broken out of its minor downtrend, retested for support, and is now in an uptrend. Stochastic RSI showing momentum was in favor of the bears, however, we may have bottomed out. A 4hour candle close above 433 activates our trade, and we should expect the price to continue to the upside, rejection from this level, and expect a sell-off to 425.
Chainlink is in for more losses before returning to new ATHEven though this is the daily chart as we can see on the weekly Chainklink seems to be making a cup and handle formation. This being the daily chart my drawing shows the point of capitulation we need to arrive at in order to have an upwards trend moving forward. This could take a couple of weeks to accomplish. I am estimating the bottom to be somewhere around the upwards EMA of 36,000 SATS. I do believe LINK Coin has big things in store for it. There is suppose to be a big meeting happening this evening May 5th and TEZOS just said they are going to utilize LINK for their oracle needs. We can look forward to Chainlink staking in the future as well.
The Crazy Volatility Coin: Data. Preparing For Another Pump?DATA. Always pumping, sometimes dumping. We've seen such crazy volatility on this coin since it's listing. The price settled for a while, increased by 500% by the end of March and now seems to prepare for another pump. Don't try to go for 500% returns, and follow the example here for a casual 16% for instance :).
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Every Time Bitcoin Flashed This Signal Since 2015, a Boom FollowBitcoin has been on an impressive run over the past few weeks, mounting past resistance after resistance despite a harrowing macroeconomic backdrop. Since the March lows of $3,700, BTC is up 150%, a stellar performance that puts almost any other $100 billion+ asset to shame.
Although impressive, Bitcoin continuing to set new local highs and holding above key support levels has allowed the cryptocurrency to print a confluence of extremely positive technical signs.This trend continued on May 1st when Nunya Bizniz, a Bitcoin chartist and analyst, observed that the signal that preceded some of Bitcoin’s most important rallies over the past few years has just been spotted again. Because Bitcoin’s value is largely derived from its network effect which suggests that the value of a good or service is directly related to the number of consumers, often on an exponential scale BTC has long traded in a parabolic fashion.
Just look to the asset’s chart, which is filled to the brim with parabolic rallies and parabolic crashes, much unlike the slow-and-steady price action most often seen with traditional asset classes like stocks and bonds.This has made the Parabolic Stop-and-Run Reversal Indicator (PSAR) a natural fit for analyzing Bitcoin, according to a recent observation by Nunya Bizniz. Referencing the chart seen above, he explained that in the wake of the six times this indicator has appeared in the past five years, Bitcoin saw “substantial upside.”
Such was the case at the start of 2019, when just prior to the 25% breakout on April 1st, the PSAR flipped bullish , marking the start of an over 300% rally. Similarly, the PSAR flipped bullish multiple times in the 2,000% 2017 rally to mark local highs and bullish continuations.
History repeating will see Bitcoin strongly break to the upside yet again in the coming weeks. Accentuating how strong this sign could be, Bizniz rhetorically asked: “Can this be interpreted any other way than bullish?” Yet the PSAR flipping bullish is only one sign of many indicating that Bitcoin may soon benefit from a longer-term bull trend.
For one, Bitcoin’s strong rebound in April saw the cryptocurrency close its monthly candle above a key level of the Ichimoku Cloud on the one-month chart.
This is relevant for BTC because the last time Bitcoin claimed this technical level was in early 2016, when the cryptocurrency was trading around $500 and prior to the 4,000% rally that brought the cryptocurrency to $20,000 just 20 months later.
Adding to this, one trader noted that the leading crypto recently broke above a rising wedge formed from March’s lows until now. This is the exact same pattern hat marked the start of 2019’s bull run, which brought prices from the $4,000s to $14,000 in three months’ time.
Streamr DATAcoin Fib. Support & Resistance Levels MappedStreamr DATAcoin (DATABTC) was one of the first altcoin pairs to move strong and print over 1,300% in growth back in November 2019.
After a retrace and almost 4 months of consolidation, DATABTC has gone bullish once more.
On the chart above, you can find the Fib. resistance and support levels for DATABTC.
Looking at how this chart is developing, DATABTC can enter a sustained uptrend.
This is not financial advice.
Thanks a lot for your support.
Namaste.
DATA / BTC — Reversal TradingConsider DATA is bearish now.
Reasons for this is just 2 reversal patterns, which occurred on the chart these days:
Rising Wedge — 67% probability for breaking down
Head And Shoulders — 80% probability of breaking down
H&S still under development, so don’t take unnecessary risk here.
Wait for breakout and take profits on the levels below.
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DATA/BTC Bear Flag Update is short Time Frame#DATA/BTC Bear Flag Update:
Current price of DATA/BTC is 678 Satoshi.
#DATA Now Looking Bearish but Now we can see one Spike upward side before downside.
So keep in mind bellow point-
Support: 601 Sat
Target: 785 Sat
SL: 650 Sat ( if open Long)
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Thank you
LONG - DATA - Trading OpportunityAfter BINANCE:DATABTC insane pump a few days ago, an ascending triangle formation seems to have taken place, while the volume slowly decreases we might see a last hurrah pump.
This is quite a risky trade so take that in consideration for position size.
Entry: 0.00000471
Target 1: 0.00000596
Target 2: 0.00000725
SL: 0.00000429
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Streamr DATAcoin Perfect Ascending TriangleThe "ascending triangle" is a continuation pattern and bullish in nature.
Here can see where the Streamr DATAcoin chart (DATABTC) printed a perfect ascending triangle that produced a bullish breakout.
When you see this pattern, the bulls are in favor.
Namaste.
DTA-BTC (Data) Enter now before it's too lateData is one of the coins to show some movement after being asleep for quite some time.
Current market rate is indisputable and the best position you are going to get.
Currently we are at the bottom with signs of forward momentum and a candle boasting over 200% - There is sooo much more to come.
Let's profit together while this coin pushes to be one of the best investments for 2020.
Just 1m coins at 0.0000004 will fetch you about 83$/pip
Let's see what happens and send this coin to the moon.
Buy now while you can.