ETH-BTC
My Ethereum prediction for remainder of 21Just playing around with the charts and I stumbled across this pattern on the weekly charts.
I see the low sometime within the next week, whenever it touches the trending line, bringing the top in around the 10 January,
I'll be getting out then.
In the interest of transparency I'll be buying back in at $3800 and sell at $5950.
BITCOIN SHORT SCALP TRENDHello trading friends,
Bitcoin looks since last time on the stable trend.
We have added in the chart the possibilities of increase - so check all 2 sides.
At this moment there is a high chance that we can get a Short scalp trend.
We will follow the trend coming time to confirm it from here the 59k+ trend.
- soon we will add more main ideas about the Bitcoin sides.
Have a great day
ETHBTC | Trend; EMA 10; EMA 20ETH/BTC (Ethereum/Bitcoin)
TREND: Up
LEVEL: Dynamic Support; Horizontal Support; Diagonal Support
SIGNAL: Rejection Candlestick
WLUNA: Going Lunar to the MoonFirst off....I am sure many of you are aware that the market has been looking bearish recently with many traders predicting BTC to drop to almost 52 and ETH to drop to around 3500 to 3200. But remember these are only predictions. No one can correctly predict what level something might fall to. Always remember price action, supply and demand zones, repeated pattern breakouts are king. The current market conditions to me are looking like a reversal is coming. Many other Alts having bullish reversal setups, ( Bullish divergence on LUNA, BCH, DASH, LINK, BAND, ADA AND SO MANY MORE!) I think we have reached the bottom of this particular dip. ETH is struggling to go below 4000K, ( a whole number psychological level, a place where many buyers probably have setup limit order), Bitcoin Fear and greed index is also at 33 (twitter.com) ETH.D is looking to breakout of a massive weekly cup (), are reasons why I believe we will not dip further,. There is a saying in the equities market, be greedy when others are fearful, in my opinion this is that time to be greedy. Its the black friday crypto sale!
WLUNA is at a fantastic reversal setup along with many other alts. It has made a double bottom with a very bullish divergence on MACD and RSI and is at a high demand zone between 44 to 39. Above I have outlined the current market conditions and it is looking like we will reverse soon. But in the case we dont and we continue to slide, my stop loss for this trade is at 39.
Trade safe and remember. The market does not care about you!
OMI is waking up!The whole crypto market is down but OMI is up 8% , the giant is finally waking up and sometime in the next 20 days a move will happen that takes us straight to 1 cent , I believe they will announce a exchange listing soon when that happens before the coin is even listed on these new exchanges we will hit 1 cent.
Price has formed an ascending triangle , volume is picking up big time and we have held the 0.618 Fib , high probability we are breaking to the upside. Check out my previous TAs on OMI below .
eth usdt daily chartGlitter Finance Strikes new Partnerships, Aims to Improve DeFi Cross-Chain Capital Inefficiency
Glitter Finance continues to strike partnerships and grow its community.
In a recent Twitter (NYSE:TWTR) post, Glitter Finance said it was increasing its social media presence to Reddit, Instagram, LinkedIn, Discord, and Telegram. At the same time, the DeFi platform is striking high-profile partnerships. Glitter Finance has already joined hands with ExNetwork Capital-- a top crypto fund in the Philippines. With this deal, Glitter Finance now becomes part of ExNetwork Capital's growing portfolio of blockchain projects.
Fragmentation and Cross-Chain Bridge Capital Inefficiency in DeFi
The Glitter Finance project identifies the fragmentation in DeFi and capital inefficiency of cross-chain bridges . Its solution will efficiently solve these pain points by leveraging the Solana bridge ecosystem to boost capital efficiency between cross-chain bridges.
According to their pitch deck, their primary objective is to increase capital efficiency through the opportunities presented by its interoperable bridge connecting to several rapidly growing blockchain ecosystems like Polygon, Solana, Algorand, Cudos, and Terra. Specifically, integrating with the Solana Bridge makes it easier for Glitter Finance to channel idle collateral into the incorporated yield investment platform, making the experience of ordinary DeFi users even more exciting.
Glitter Finance will be redeploying synthetic versions of tokens created on the interoperable bridge into yield pools integrated into the platform. As a result, they can leverage the creation of synthetic versions of tokens on the new chain while concurrently deploying a portion of the original locked asset into yield farms. Overall, the team aims to build a product that taps on the rich liquidity in the bridge ecosystem to increase capital-efficiency for DeFi traders.
In the long run, the development team has indicated their plans of integrating artificial intelligence and machine learning. This will create an algorithmic trading platform that overly benefits novice traders. To ensure this quickly comes to fruition, the Glitter Finance interface is intuitive, easy-to-use, and will soon launch on mobile. The wire-framing and the portal's technology stem from the team's cumulative experience exceeding 15 years, converging to ensure the project posts impressive results.
DeFi Adoption Barriers, the Glitter Finance Solution
The DeFi ecosystem continues to blossom. According to trackers, DeFi dApps cumulatively manage over $256 billion. While Ethereum dominates, upcoming protocols like Solana, Polygon, and Terra have decent market share despite their relative nascence, launching years after Ethereum's release. Despite their newness, these blockchains resolve challenges facing Ethereum by promoting interoperability and improving user experience through low on-chain fees.
Even with the rapid expansion of DeFi, some high-power dApps are still created by anonymous teams. At the same time, the fragmentation of DeFi solutions dispersed across different ledgers coupled with the relatively high knowledge threshold slows down adoption. Glitter Finance aims to eliminate these barriers by focusing on the ordinary user to build trust, improve liquidity and capital efficiency. The DeFi platform is leveraging the expertise of the development team to deliver a suitable solution meeting the varied needs of end-users across the globe.
Notably, the Glitter Finance cross-chain bridge creates exciting opportunities in trading by expanding the possibilities of accessing deep and rich liquidities without sacrificing flexibility. These bridges, the team explains, exist as mini-ecosystems for creating synthetic versions of tokens from the blockchain they bridge.
There are 125 million Glitter tokens, of which 30 percent has been allocated for liquidity and incentives. All of them will be released during the token generation event. Holders of the Glitter token would have the power to govern and access core functions of the platform. For instance, they can list new yield farms, change cross-chain transfer treasury fees, and even update oracle addresses.
ETH, Retest of Previous All Time High + Buy Zone below $4,000ETH is finally seeing a correction to the downside. Great opportunity if you're a long investor. Looking to retest $3900, this either reverses at $3900 or sees lower.
A Buy Zone for me is $3600-$3300, based the buy zone on previous resistances and supports, plus the Bull Market support bands SMA's are at $3300 and $3500 as of 11/16/2021.
Broader market direction with actions I see 2 courses of action from here. So I am majority stable for now, these are my orders for each action.
1. ETH and BTC rally from here making a new substantial ATH. From this COA I will be buying major alt pairs when they inevitably bleed out during the run.
2. ETH and BTC correct here and we see a major dip in the market. I will then look to accumulate ETH 3.6-4.1k, then filter back into alts.
If COA 1 is put into play, we will miss the first move yes. But imo this could go either way here.
One to note, funding rates are very low right now. Making me lean towards ETH and BTC potentially moving upwards first.