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Dyor

BTC Failed to hold 50k #throwback(I'm reposting this because I just got hit with the house rules, didn't know that I can't put donation info which was considered as advertising.) Eventually I drew this chart and predictions on 3rd Sept 2021 and hasn't changed except for horizontal lines for support n resistance, so this is kinda like a throwback. To prove this, I have the tradingview link/image saved on that day. () So now, basically here's what happened - BTC pulled back and able to broke upward through KEY LEVEL but unable to hold it to stabilize, and then with all the news, sentiments and belief (bs) that ppl think September is a dump month for BTC ... hence the flash crash on 7th Sept wiping out $400B. Fundamental Analysis: I believe there's a couple of reason and many of you would've read by now. Basically it's the BTC adoption in El Salvador, Microstrategy's new purchase and announcement, JP Morgan and etc. Technical Analysis: Predicting that it may fail to go upward, I had drawn a curve line dipping towards 38k on 16th October 2021. This would be the cup pattern, so the handle pattern will come next and we shall see then if we could break 50k again. See you guys until then. I'll try to write more ideas for other coins as well.. pls do follow me, like my ideas if you want me to do more. Give me some encouragement haha
Short
by wYkeho
1
Is CCIV Ready to explode? Welcome back traders, it has been a while. We will dive deep into CCIV across multiple timeframes, and hopefully make sense of this. Please read the disclosure below. So many YouTube influencers (ZipTrader has been one of my favorites lately) have already explained why this sold off so viscously, so that won't be covered here (you should definitely check it out if you do not understand this already.) Our cover chart today displays weekly candles, and it tells us plenty. From 2/16/21-present, we have watched the RSI drop from 99.5 to 52.18. In other words, the SPAC media-hype bubble finally popped. This is very common with SPAC plays. The February highs were unsustainable, and the profits were taken. I cannot iterate enough that this is so normal with SPAC plays, the gut-wrenching selloffs certainly are not for everyone (okay, my panic sell rant is over.) Our Fib Retracement from high to low gives us a .236 level of $22.95, and weekly candles above this level will likely indicate a reversal of this downtrend. The Daily chart gives us so much more guidance. We are seeing support from the 65D Simple Moving Average (SMA), and stagnation between the 65SMA and 50 SMA. Although it is too early to tell currently, this very well could be the accumulation period prior to the break out. Also, the T3-CCI indicator has transitioned from decreasing to increasing, which is a bullish sign. With an RSI of 39.97, this is arguably oversold (many analysts want an RSI under 30, but given the volatility, it will almost definitely not be a perfect TA fit.) Lastly with this chart, the 9 SMA is decreasing less since March 5, which could be indicative of a reversal as well. CCIV really starts to shape up on the 12h chart above. The Bollinger Band Squeeze is beginning, which can indicate a big price move either way. The Visible Range shows us three high volume nodes, which I will be monitoring heavily as potential price targets. The 9 SMA is at $23.77, which we need to watch closely as a support/resistance level over the next couple days. Additionally, we are seeing early convergence on the MACD, which is a bullish sign. Lastly, we have the 4h chart, and we saved the best for last! We see the early start of an inverse H+S pattern with a base at $32.57, displayed above. Although we are very very early in this pattern, this would indicate a MASSIVE MOVE that could easily 2x from current prices, according to this pattern (this is not trading advice.) On the 4h chart, we can see more precision, within our BB squeeze, with volume, and possible accumulation, compared to our higher timeframe charts. Conclusions As we wrap it up, I would like to thank everyone for reading, I welcome your feedback. It is important to understand this is a bullish prerogative, and the ideas presented above are very early in their formation, which leads to increased risk now, as opposed to waiting for confirmation/validation. If I am wrong and these levels break, we could see lows around $17-$18. I think many analysts will agree that prices below these levels would be odd unless we see further market crashes or significant production setbacks. I hope this is helpful, please read the disclosure below and good luck traders! Disclaimer This is neither trading advice, nor financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any loss or damages.
CLong
by CryptoRichCrypto
3
I crœted this Monstrosity to see what I might find.Here we have an interesting look at cboe.gold.price juxtaposed with a random crypto asset that i picked from my portfolio. This is NOT F****** trading advice. Anyway. SPARTAN PROTOCOL $SPARTABNB is a Decentralized Finance instrument. You all know what gold is. Everyone LOVES to spout pithy fake-wisdom about cliché trading diatribe. Not me. I'm not here to waste your time and/nor, your money. What I'm attempting to show here is that #Intuition can be your best guide, if you have enough experience making markets work for you. Back to SPARTA-BNB. This DeFi has AMM and LPs as well as semi-vanilla staking options. Think "Crypto's First Collateralized Debt Option". That is what most of DeFi kind of, sort of, is similar, to. What piqued my interest in SPARTA is that it is the literal ONLY crypto in DeFi that I am aware of, being funded with BNB that was promptly DESTROYED to create the first 1M USD of SPARTA tokens. That is intriguing, to say the least. Why didn't they call it PhoenixRisesFromTheAshesCoin, hm? Because that's just a bit too on the nose, methinks. SPARTA is an option for those who know a lot about both crypto AND finance. It's not everyday that someone is good at economics, accounting, AND financial perspectives in either crypto OR regular, vanilla markets. Having said that, I want to see what serious feedback you degenerates out there can come up with. Let's crowd-source a good idea. Or at least... a better understanding of MY kind of crazy.
SLong
by disynthetic
1
Where's The Top ? XRP/BTC #xrp $XRP #BitcoinHere we see our daily Xrp chart from Binance. Xrp is around 47 cents right now which is already amazing but how high can it go ? $1 seems within reach but as Xrp has already increased since it's recent dump it's hard to say how much more it can go right now . Will it take a breather ? I don't know because massive amounts of Xrp have been pouring into exchanges this weekend due to rumors that a massive pump will happen on Monday morning . I'd personally be extremely cautious of these pump rumors as there is no way to guarantee something with as large a circulating supply as Xrp will pump or not ( it's 45 billion circ supply . ) But then again we are in the year of the Meme coin - as evidenced by Doge coin recent massive pump fueled by Crypto Twitter ! Good to keep in mind that we could be repeating the pattern of the massive run that Xrp had in 2017 in which it went from 100 sats roughly up to over 22000 sats ! So over 220 x - over 200 times up ! That's amazing but are we going to see such huge numbers this time ? Perhaps those gains will be smaller in 2021 but I would definitely say DYOR - Do your own research . And be cautious , as this could dump just as well as pump .
by shimmeringpath
2
BTC, short-term $9020, wick to $8920, possible drop to $8440 As last post suggested we broke down off the top of the now 4day descending channel with double resistance strong arming an already weakening price trend. With the current downward trajectory there will be chance for some support to bounce BTC back up starting @ $9140 in an attempt to re-engage resistance. I wont pretend I didnt see that insane $400+ price swing, perhaps a failed attempt to break upward here by big pockets. It seems more likely we will break down to bottom of channel over the next 24 hours, bottom being around $9020 with potential wick to $8920. There is an additional horizontal support/resistance line that is starting to form around the same bottom that will likely assist in recovering from bottom of channel. If it breaks below $8900, there doesn't seem to be anything to stop it from hitting the current ascending trendline around $8440. This trendline runs approximately $1000USD above the very strong bull, 5 year ascending trendline as outlined in some of my other long-term outlook charts. Though I see likelihood of (short) downtrend here and even the slight possibility of touching the 5 year trendline again as an absolute bottom, overall these downward trends are natural downtrends within a larger bullish formation. We are looking for it to give proof we are in an overall uptrend by beating last Junes high of $14k and of course super bull, 6 figure long-term bullish if we pass our ATH of $20/21k. This is not investment advice, you should do you own research always. Also I would like to encourage you to consider our site for some of your research. We are partnered with Tradingview to deliver our data (Still in beta) in the same beautiful framework you are used to here. Historical and real-time order books often signal ahead of price action, its kind of a hidden gem. **Showing Market Depth Ratio(MDR) with a 1% Depth of Market vcdepth.io
COINBASE:BTCUSDShort
by EncryptShawn