TOTAL3 looks prepped for a launch anytime?TOTAL 3 weekly chart:
The Long yellow rectangle support box may
be the most important support in the entire
Market as a whole. When there is around 19,000
Alt-coin projects relying on BTC holding and this
huge monster support box holding, this is Do or
Die...Im confident in the coming 300 days,
we will see all time highs in the TOTAL 3 market.
The Green $2.674 Trillion is my Super bullish
prediction coming from measurements. and the
smaller yellow rectangles are the falling bearish
support boxes....lets hope we dont see the candles
fall lower. The RSI has never been this OVERSOLD, we honestly should be moving up
bc we are in uncharted territories and sentiment should change.
ETH-BTC
What about the bear season? we watchBINANCE:BTCUSDT
Greetings everyone, do you think that the world's leading cryptocurrency, as you can see from the bear season, can see a big decline in difficult economic conditions, do you think that the bull season is at the door ? , let's watch and see if we can see strong breaks or if the decline will continue.
if we can see a break above the key level, a double bottom could be very beneficial for us, but the market still does not inspire confidence and we think we will go down a lot
BINANCE:BTCUSDT
BTC & ETH Detailed Video Update!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
63 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
🔥AXS make a huge pullback: where to entry to not miss the PUMP?Hi friends! I give you 1 useful tip to increase your trading results. Always pay atention to the volumes growth. It will help you to identify the potential reversal points, where you open the bes trades with good sl and tp.
Check the last 2 traps that happen on AXS. Do you see how the volume growth on the both traps (false breakouts) for short and long? There are the best setups for the scalpers and swing trading. Pay the atention to such situations close to the important levels, huge value areas.
📊 Preconditions to open a long:
🔥 squeeze to the trendline
🔥 no resistance on DOM and Footprint only big buy orders. Also if u use such tools you can see how thw large sell limit waals are desapear beacause of huge amount of buyers
🔥 bullish BTC help the AXS to reach the 3 targets faster
🚩 It will be nice to not have the volume growth when the price reach cosest targets and resistance. It will be some bearish signals. If the we will have just avsarage volumes, that is mean the big players are still not sell all their coins.
📊 The targets for long:
1. $15 - the key level, closest target
2. $18-19 - the closest value area
3. $20-21.5 - the value area
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BTC LONG CHART BTC is into accumulation trend and with a good chance to have a back increase to 20K zone.
Since LUNC did increase BTC did also break down more - what connects that also a BTC volume is going to LUNC.
There can come a moment where we will see the transfer back from LUNC ( breakdown) TO BTC.
Where BTC can show some volume back within the long time frame.
The short idea of LUNC
The strong rebounce of bitcoinThis should be the strongest and final rebound of bitcoin as it going further down. My prediction will be 16k before the bottom is really bottom.
We already hit 18k, and it immediately rebound to 19k, which apparently is a cat market - dead cat bounce.
Still the economy is not stable:-
1. The Ukraine war is escalating or there are no way out still, the USA still sponsoring Ukraine with millions of support. And Russia had determine to turn off the gas pipelines.
2. The China lock down or so call communism close down policy. Is rather fishy and insane or not making any sense. To just selfishly contain economy within China and remain exporting goods to outside. This mean that, they can make your money and you can not even make theirs.
3. The economy of whole world is frozen by covid-19 for 2 years and just seeing it start to melt. The melting process take longer than expected. People do not want to travel due to safety or rigid process. And yet some country do not want you to visit them. It's just not going back to pre-covid era.
LITECOIN -8/9/2022-• Symmetrical triangle on daily chart
• Breakout could be in either direction
• Target distance from breakout point is distance between highest and lowest point in the triangle
• 30 in this case (69.86-39.86)
• Triangle is shrinking so we are close to breakout
• Scenario 1: bearish breakout around 50 +/-, target is 20 +/-
• Scenario 2: bullish breakout around 60 +/-, target is 90 +/-
Note: Ideally, volume tends to decrease as the triangle shrinks and get close to breakout. So I added a volume indicator below the chart to highlight this idea.
Advice: It is recommended not to rush and place orders before getting clear confirmation of a successful breakout. Keep in mind that breakouts can sometimes be fake.
Alpha Chasing: BTC vs ETHWhen chatting with knowledgeable people about crypto it often stuns me to see Bitcoin Maxi and Ethereum Maxi ideological battles end in name calling, and temper tantrums.
Together mate, let’s swat away the emotion and get into the ZenMode. The goal here is alpha & gains, not philosophical hills to die on.
Within the content of this brief comparison we are going to explore logically ETH VS BTC.
Bitcoin Pros:
Liquid
Easily Accessible for new entrants
Sovereign nations trade it (i.e. El Salvador)
Gary Gensler (US Securities and Exchange Chairman) calls it a commodity
Michael Saylor’s Insightful Clips (Love or hate him, the man is articulate and brilliant)
Volatility (For traders & Speculators/others may say this is a weakness)
Independence from Central Authority
User Anonymity-ish
Many online shops now accept it as a means of payment (Including my favorite bookstore now!)
Irreversible (some may say this is a weakness)
Limited Supply
High return potential
Reliable
Bitcoin Cons:
Myth #1: Bitcoin is a protection against inflation.
-We have decades high inflation and bitcoin not only poorly performed – it crashed.
Myth #2: Bitcoin is deflationary. (Confusion is rooted in a fixed cap of incoming coins)
-Bitcoin itself is inflationary. Every block rewards the miners with new minted coins. Bitcoin is fundamentally inflationary for another +100 years
-Supply of bitcoin increases through block rewards
-Miners use newly minted coins to cover (wasteful) energy cost, and equipment/maintenance cost. They then dump the coins ever selling into buyers thinking they are buying a 'store of value'. There is a constant selling pressure
innate to bitcoin.
-Just to chop into a static price, Bitcoin needs a constant supply of new buyers to absorb the newly minted coins (ideally at even more elevated prices)
-Some argue that 'the price of all future coins is priced in right now', if this were the case there would not be massive volatility (another bad myth)
Myth #3: Store of value
-Its volatile
-Its purchasing power has crashed
-Good stores of value are scarce, bitcoin will be having new coin issuance for generations longer.
Con #1: Proof of Work (POW)
-ESG is all the rage, and Bitcoin is an energy vampire .
“But Zen, ESG is a myth, eventually Volcano energy will power the network!!” – Even if this is true, the talking heads run the narrative and they are vehemently against the huge waste in energy.
-POW encourages miners to mint new coins, who promptly sell continually driving down the value of the network. Aka a constant selling pressure is a negative feature of the tokenomics.
Con#2: Lightning Network Fees
-Yes the cost per transaction dropped, however the total transaction gains on the network have also dropped. Institutions are viewing collected fees as a benefit of network comparison between ETH/BTC.
-Some argue this is great for mass adoption, and I would argue that, that is a great counter argument.
Con #2: The network can be attacked by a state sponsor
-A 51% attach happens when a malicious entity acquires control over the blockchains mining capabilities. The attackers can stop the confirmation and order of new transactions. Analysis states it would cost a nation $10-13 billion to bring Bitcoin to its knees.
-One US Aircraft carrier cost $13 billion. No the suits in Washington are not ‘afraid’ of bitcoin.
Con #3: When they try to go POS
-Eventually a vocal group will realize the tokenomics are fundamentally flawed vs their peers. If they were to go POS however, you would see yet another hardfork of BTC splintering its value and market cap yet again.
Con #4: Bitcoin continually underperforms ETH
Ethereum Pros:
Network/Community
-Has the largest amount of software engineers working on it (Higher probability of the next Facebook/Netflix arising from this network)
-Many of the greatest minds working on alt projects such as Cardano and Polkadot were former ETH developers.
- Since ETH is open source everyone has the ability to review code and an entire ecosystem has been built around it.
DEXs
-Popular Decentralized exchanges like UNI/SUSHI run on ETH
Globalized Transactions, essentially performing the entire function of what Bitcoin does in a nutshell, without the risk of a 51% attack
Easy onboarding for new Entrants
Great support from institutions exploring ETH tech such as Visa, JP Morgan and Microsoft.
-This will also make it more user friendly to the general public.
Alt coin rewards.
-Many unfortunately do not realize that many alts are simply rewards and are speculating on them – it would be like ‘going long’ your airline miles . Sorta silly. But regardless the vast majority of alt coins are built atop of eth, along with some MASSIVE tokens such as: SHIBA, USDC, DAI, Tether, BAT, LINK, MKR, UNI, BNT, OMG, ZRX, CVC - the list is endless
NFTs
-Many laugh at these risky products, but NFTs (valuable ones) largely run on ETH. Such as the friendly cryptopunk v1 your viewing in my PFP! 😊
***I am not advocating buying any NFTs or ALT Coins – as 99.9% will crash and burn, or are fraudulent to begin with.***
Reliable Network
Liquid
Irreversible
Independence from a Central Authority
Patron Saint Vitalik Buterin
Ethereum Cons:
It is expensive.
-Fuel fees peaked around $200 and at one point during the BAYC NFT Land drop ETH fees were over $1,000 to procure the tokens for some willing to pay it.
AS the token goes up in value the gas fees increased.
- Right now they are about $1.70
Speed of the network
We must remember that post MERGE we are getting Sharding . But we will save this precious gem for another idea.
I love BTC. In the last bull run, BTC gifted me with lifechanging wealth.
I do not own a SAT of last year's coin coin now however.
I am alpha chaser, not a maxi and those resources are now all long ETH.
We can see on the daily that the EMA ribbon has already flipped for ETH:
BTC however is attempting to slug along higher…
Let's also not ignore the plunge in BTC market dominance:
While fundamentally ETH continues to pick up market share:
No matter how you cut it, ETH is where the alpha is:
Ethereum Opportunities:
We are now a few weeks away from the merge where ETH will become ETH 2.0
Eth will fundamentally change from being POW to POS .
BUT WHAT DOES ALL OF THIS MEAN TO ME ZEN!?
(WEN MOON)
Faster transactions, cheaper transaction costs
Instead of miners continually selling newly minted bitcoins as it ever-inflates (+100 years) ETH will be fundamentally deflationary.
Alpha is the goal and ETH Deflationary>BTC Inflationary
When an ETH block is fulfilled new token issuance will drop by 90% (the equivalent of three BTC halving cycles) making the network DEFLATIONARY (ever scarcer as well due to the burn mechanism)
There will be no miners dumping coins onto the market ever driving the price down like BTC, rather the ETH network will encourage HODLING through its staking mechanism which rewards new issuance through passive yield rewards. This benefit will likewise be very attractive to institutions, as investment banks latest drops are already updating their client.
ESG Friendly!! Ethereum energy consumption will drop by 99.95%!
More scalability!
BNX : THIS IS WHY IT WILL GET HYPEDDear traders.
Most of times when a coin get hyped it means there was some price action before what it made it so to increase.
And the best in a trader is to find and to see at last some patterns why a coin should increase and to learn from history before coins why it did increase.
All the years in trading have learned that history repairs in trends, and this are with more things.
For day traders there is always chances to get into trades and out - but this update going more deep about the BNX cycle view.
BNX - At this time not hyped, and most don't know about it.
I have choice to study this coin depending on signals that it shows with possibility for breakout - it shows some structure volume patterns what could make this coin increase to higher levels.
And personally after longer time studding coins as this - there seems be high chance that BNX will shows soon an effect.
DCA wallets also increasing with + adding amounts every time. it means there is an increase on DCA and this is also positive.
Know that there is always a risk into trading, for those trading with no risk management, and there is No 100% guaranty into trading . but it depending on higher chances, and yes in this case this coin have higher chance to breakout.
First of all its important that this coin BNX make the first gain above 150 USD - and for some traders is this an interesting area to check for a confirmation trade.
At this moment this coin trading between 131-135 USD.
This coin have a CC supply of 2M - with a marketcap of 273M, what means if it would only have the marketcap of AVAX it would be going over 2K.
This is just an example to re-effect the price action. ( this is not a focus price but its just a small idea) And same time the normally Supply can increase with time.
But even then it will stay very interesting.
The important change will come after hitting the all time high at 224 usd - this should make a hype change to the expecting target of 300 usd and over.
How long this all will take it depending on the market flow - and the fully market show.
If the trend going depending the above study - there should be at last a gain into this coin, and there can come a moment where this coin can split from others to show the effect of increase.
Thanks for reading!
# There is no 100% guaranty in markets , and that's why this are also not a finance advice.
Crypto markets are very hard, and can bring anyone with no risk management huge loses.
All info you get from online - just take it as a possible way and not the right way, and always filter it with more confirmations.
Key levels and why, then how to spot themI've written several articles around various educational topics here on @TradingView all of which have their individual application and use case.
This latest post will go into how you can identify key value areas, or what I like to call "Auction areas".
In essence these are areas or zones where Dumb money becomes active, often at highs or lows & usually in the wrong general direction. You only have to look as far as this guy and nearly 2 million followers - buying the ATH's of Bitcoin last year.
In December 2020 I wrote an article on Bitcoin here & why it was starting to show signs of becoming institutionalised.
And slowly set the path as to why we are then likely to see "Value areas" being formed.
In Feb 2021 I followed this up with the identification of a value area.
As you can see; this is how powerful these levels become
These levels are only part of the bigger picture - but you will see how and why they are relevant, how they can be used to find both highs and lows - as well as giving a larger picture bias on the general direction of the move.
==================================================================================
Now you have a little context.
To understand why they work, you need to appreciate, what they are - As I mentioned above, these are zones where Dumb money get excited! It's as simple as that.
Many indicators are designed and shared to mask true market cycles; people will spend years trying to find the secret sauce. However, things like Bollinger Bands, MACD's are only fuelling the dumb money machine. Take Moving averages for an example - if we have an aggressive uptrend, you should expect a sloping moving average. With a few buttons and presses in the settings, you can edit a moving average to fit the chart.
So strip it all back.
What you are looking for is, areas of consolidation - these areas are indecision zones where buyers and sellers are actively seeking value. These levels create the foundation of the value area range. This can then be used alongside liquidity pockets and used to enter or exit trades. Click this image below and see the levels get tagged, this is due to the collection of Dumb money stops & entries, followed by a reversal into the lower liquidity area.
Ok so how are they identified? Well, first of all you have consolidations; these tightening ranges of price will highlight the auction has began, we now have both buyers and sellers active.
As you can see in this chart above; we have two large areas to the upside of untapped liquidity...
Zoom in and you will see heavier zones whereby volume was heavy, but price hardly moved - this is a hint towards liquidity sitting there.
If you apply a simple tool like "Fixed range volume" you will see the profiles are concentrated around these levels; hence acting like a magnet to price.
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A great example of this was to use the levels created, in conjunction with Fibonacci extension levels to spot a potential zone for the upside (into unchartered territory) of Bitcoin's new ATH.
This was clear as early as August, we would tag the old liquidity levels and plummet back below 40k very quickly.
The levels are useful, especially when combing with other techniques such as Elliott, but when you apply Fib's and can spot key extension levels; it's a lot more likely to be pulled towards such levels if there is a consolidation cluster. This is merely "Dumb Money" value areas being bought and sold. Optimal for institutional players, or as Richard Wyckoff called them "Composite Man".
Looking at COT data and knowing the levels - meant we were 100% less likely to see $135,000 in December last year; CM was selling into the retail crowd.
============================================
So now you can see areas of interest, these levels are permanently set - although they become weaker over time, they still represent value for both buyers and sellers and are likely to become support and resistance at later points in time.
There are several strategies and methods to use this knowledge, some of which I will post in later posts. But I would advise you go away and try and spot some of these levels on other charts.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Nodle CashTo devalue any cryptocurrency other than bitcoin, it is enough to list it on some exchange. And there are two reasons for this: endless emission, which will never mathematically allow the real exchange rate to rise above the one USDT; and the disappointment of solochainers who hoped that the game of objective encryption would continue too endlessly. You know, you don’t have to be a child prodigy to splurge, as the main altcoin founder does, who promise staking on a social network as an alternative to a bribe for not disclosing information about a network vulnerability, along with the rest of the cryptofantas, although not worth anything, continues to lobby for high fake statistics stabilization even in relation to bitcoin. That is, the world does not consist of atoms or some particles, it consists of linguistic structures suspended in it in some way and expressed through neural networks of thinking brains, in our case, thinking with the mind of a genius alien speculator. So the excellent project with the NODL index is safely merged into the community. The prospects were amazing, but alas. Peer-to-peer is not peer-to-pub at all! This should be remembered by every innovator in the field of decentralized finances before he sends me his proposal to introduce his virtual cash into the mind-boggling futuristic singularity. Best wishes.
ETHBTC Breaking above its 5 year Triangle? Full on Ethereum?This is the ETHBTC pair on the 1W time-frame where it's shown trading within its long-term trading pattern, a Triangle. On the August 08 1W candle it tested the top (Lower Highs trend-line) for the second time and after pulling back for two weeks, the current candle is again on the verge of hitting it. Can it break this time?
Well, the same Higher Highs formation has been previously seen another 4 times. Three of them started rallies (with the two extreme) and only one had the pair make a Lower Low that touched the bottom of the Triangle. Still, this is associated with general market rises and since this time the 1W MA100 (green trend-line) is in support, we can expect ETHBTC to break above the Triangle and have Ethereum gain over Bitcoin once again. If not, expect another Higher Lows test.
What do you think will happen?
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THIS COIN BNX PROCESSING FOR HUGE BREAKOUT - AND THIS IS WHYBNX shows That there is a high possibility to have a breakout.
- This channel made to scan the breakouts moments and its about high chance - there is no 100% guaranty into crypto.
BNX shows since yesterday a signal of possible breakout coming time, and if we study the trend of this coin and with all before data there is a high possibility with the time that this coin can breakout for 50% - 100% what will bring this coin above the price of 200 USD.
Depending on markets and supply, there is a possibility to get this done - but more important its about the signal it shows for the breakout.
We will see coming time or this signal will get confirmed by the trend.
This coin processing for huge breakout since yesterday as the stricture of volume is getting more up.
it shows a data view what it did shows before by increase coins.
Trade safe - And this is not a trading advice.
This channel made to share the Data of breakouts.
ETH H&S pattern - September outlookWith the start of Beartember, it seems like the rally for the crypto market has faded. Some things I noticed:
On the daily, ETH has developed a clear Head & Shoulder pattern, signalling buyers have further lost control of the price action amid the wider market conditions. A push to test the resistance at $1650 would complete the right shoulder, and a fall to $1000 would be likely.
BTC has fallen firmly below $20K, along with the start of September, a historically terrible month for both the equity and crypto market, signalling that the overall crypto market conditions could get much, much worse.
Macros have yet to improve, with the Fed bringing the equity market back to reality mentioning that they not stopping with their rate hikes. Inflation in the Eurozone is nearing double digits, and in the UK is forecast by the Bank of England to reach 13%, with some analysts predicting as high as 18%.
Let me know your opinions.
Descending Wedge Breakout on ETH - 1H charton the previous idea ,we had a successful short on ETH.
but now ,ETH is trying to breakout from this descending wedge with 2 targets around 1700 and 1800.
this is most probable since we have a merge coming on ETH and a double bottom on BTC.
just wait for confirmation ,and find a good entry!
good luck all!
BTC Wyckoff spring triggered by the ETH merge?Here's something I've been playing around with. The idea is that we're potentially almost at the end of an unusually short Wyckoff accumulation period. Coincidentally, then the spring would fit well with the time of the ETH merge. The merge could mean there's a lot of people that's playing the "buy the rumor, sell the news" game - potentially meaning a lot of gains will move from ETH into BTC and trigger the spring, signalling we're out of the bear market (semi-short term at least). I'm keeping an eye of the price range movements over this weekend to mid next week for a soft confirmation that we're in phase c.