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MASSIVE WARNING x2 FOR BTC⚠️I hate to be a BEAR on Crypto but I must remain neutral to ensure everyone is safe. My last warning call fulfilled exactly as I showed. Once we broke the rising wedge with the help of ELON we reached our 47K Target. NOW WHAT? THIS IS MY SHORT PLAY Bitcoin has formed a MASSIVE H&S with a bearish divergence. IF this neckline support is broken the technical target is down near 37K. I am not saying this is 100% going to happen BUT BE WARNED. I have taken profits before the crash and entered short positions after we broke support (which I posted on my last chart) and bought back in at our target area. I will repeat this play again if this next support line is broken and the H&S plays out. Currently, I am still holding waiting for BTC next move.
COINBASE:BTCUSD
by GenesisGo
3
Another Overlay "Exposing the Schematic"A very quick video, showing a Wyckoff distribution schematic (update from the last post). We have covered these in the streams with @Paul_Varcoe Another stream later on BTC at 15:30 UK time today. www.tradingview.com With Elon's tweet pushing the price of BTC down - it's now at the lower band of the Wyckoff structure (overlaid) in this post. Some more confusion and fear to drive lower for sure! I also posted yesterday some more educational content on why people are hooked on crypto. See linked ideas. Will be updating this as the schematic unfolds. 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.
COINBASE:BTCUSDShort
by Mayfair_Ventures
15
ETHBTC - no major resistance aheadHello all, The ETHBTC pair performing quite well recently and is without a doubt the most important chart in crypto when it comes to altcoins performance. What I notice looking at the Weekly chart (below) is that the 0.35-0.37 zone was the critical one to surpass to initiate a bullish reversal. The solid resistance zone was also where the 21-day EMA was situated and as we know this indicator is of critical importance for the market cycle, especially in crypto where it has perfectly marked the beginning and end of bull and bear markets. The next zone of interest for traders will be the one around 0.57, which as visible on the chart, has always been a tough line to surpass. This first target is at 14 percent distance from the current price. Second target will be - 0.73 at 44 percent distance. Goin back to the 1-day chart we will be looking for support around the last visited high at 0.45-0.47 (in combination with the uptrend diagonal) and then the already mentioned 0.35-0.37 zone. Regards,
Long
by FutureBlockchain
CRYPTO WEEKLY #18 (2021)A new crypto week has started! It is looking as bullish as it can be here guys, total crypto cap tapped ATH last night and there is no sign of declining appetite for crypto and righteously so! So I keep this one short, I project BTC to breakout on Wednesday which should take BTC above 60K again. If BTC holds above 60K this week we are in for a new ATH and a possible 70K by the end of the month. But first lets see if we can break 60K as its a big hurdle at the moment. Also watch out for shakeouts before the breakout. Then the new king of crypto: Ethereum (sorry BTC maxi's) is looking very bullish! ETH doesnt seem to slow down and is slicing through heavy resistance like a knife through butter. However; watch out with leverage longs though! Lets not give the market maker any reason to bring the price back down by giving them an opportunity to wick you out. So if on the sidelines; ETH is still a good buy on spot, especially for the long term (the next 6 to 12 months). ETH is an easy keeper and I might have found yet more insights on where the price might go in the next 6 to 12 months. I have to verify and study more but if its true what I'm seeing we have multiple X's ahead for ETH. As of yet still by far the best performing coin in the whole market and by far the coin with the best fundamentals. The cryptomarket has never been this easy. For the rest of the market; we need to wait and see as BTC needs to hold the line for other coins to pump. If you like something else besides ETH; I am still bullish on KSM and potentially DOT, BNB and LINK. From this list though I only think KSM has a decent chance to outperform ETH but we can never tell for sure. (check my analysis linked below for KSM) Last week's projections hit their targets perfectly and this week we project: BTC to break 60K, ETH could run towards the 4400$ zone and KSM should be able to break the 500$ mark. Last remark: be happy with a dump on Monday, it means we will pump this week, be patient! IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CME:ETH1!Long
by cryptobullethbtcxlm
How to assess an altcoinWhen doing fundamental analysis into a stock or in this case a coin – you need to appreciate, it is still a company after all. So, your fundamental analysis should include, taking a deep dive into the available information. You might want to review the project use case, the team, and the money the project has raised so far. As you can’t really do technical analysis with limited data available on the charts. Your goal is to reach a conclusion on whether the asset is overvalued or undervalued. At that stage, you can use your insights to inform your trading positions. In other words, have we had a major hype & can a dump be expected? Trading assets as volatile as cryptocurrencies requires some skill. You will need to define a strategy – otherwise, you are Gambling & not trading or investing. As for Technical analysis, some expertise can be inherited from the legacy financial markets. Many new crypto traders use the same technical indicators seen in Forex, stocks, and commodities trading. You often see tools such as the RSI, MACD, and Bollinger Bands which seek to predict market behavior, the issue with this is the lack of data mentioned above. Yet, these technical analysis tools are also extremely popular in the cryptocurrency space. Slightly harder to read a moving average when the price is in a 90-degree move up. With cryptocurrency fundamental analysis, though the approach is similar to that used in legacy markets, you can’t really use tried-and-tested tools to assess crypto assets. To conduct a proper analysis, what we need is to understand where they (the company/Coin) derive value from. ==================================================================================================================================== For you newer traders… “What is fundamental analysis (FA)?” Fundamental analysis (FA) is an approach used by investors and traders to establish the "intrinsic value" of an asset or business or in this case, crypto. By looking at a number of internal and external factors, their main goal is to determine whether said asset or business is overvalued or undervalued. They can then leverage that information to strategically enter or exit positions. The goal of this article is not to dive into the methods of FA as a whole, rather just to highlight where you should begin. ==================================================================================================================================== However, there are problems with crypto fundamental analysis (in the traditional sense) Cryptocurrency networks can't really be assessed through the same lens as traditional businesses. If anything, the more decentralized offerings like Bitcoin (BTC) are closer to commodities. But even with the more centralized cryptocurrencies (such as those issued by organizations), traditional FA indicators can't tell us much. So now we are stuck between a rock and a hard place… A quick step would be to identify strong metrics, these should not really take into account things like Twitter or Facebook followers. It’s so easy these days to buy several thousand followers for social media sites. One method could be; the number of active addresses on a blockchain and see that it has been sharply increasing? For example… Are we seeing Company actors transferring money back and forth to themselves with new addresses each time? This is the level of info you can go down to – we are on the Blockchain after all. A little more TECHNICAL If you want to get a bit more technical – you can look at “On-Chain” metrics in depth. On-chain metrics are those that can be observed by looking at data provided by the blockchain itself. By running a node for the desired Crypto and examining the data, this can be time-consuming and expensive. Particularly if you are only considering the investment, and don't want to waste time or resources on this process. A simple way to do this (in some instances) is to use API-based solutions, plug into exchanges, and see third-party tools such as Binance-research's project reports. Look for info such as; 1) Active Addresses 2) Transaction value 3) Fees – this will give an idea of the demand… Other areas as mentioned above You are looking to ‘invest’ in a tech company, which is the longs and shorts of it. So go and read through the whitepaper. Assess use cases, do they make sense to you? Review the team, do they have experience or have they already raised finance enough to keep the project going – you can now use the chain metrics – to see money flow, you could go and look at the companies register, in the UK all companies are set up under “companies house” this will show shareholders, early account info, company directors. Other factors How about competition in the space? What projects are offering similar solutions, are the other companies further along? Does the company you are looking at, have some kind of USP over their competitors? Supply Mechanisms – Liquidity and volume – Market Cap. These are all things to take into consideration . And Finally - Initial distribution and Tokenomics as a whole A lot of projects have created tokens as a solution looking for a problem. Doge on the other hand created a meme for the market, which is turning into a solution. Understanding the use case, cannot be stressed enough. As such, it's important to determine whether the token has real utility. And, will it have decent adoption? Consider how the funds were initially distributed. Was it via an ICO or IEO, or could users earn it by mining? The whitepaper should outline how much is kept for the founders and team, and how much will be available to investors. If it was mined, you could look to evidence of the asset's creator pre-mining (mining on the network before it's announced). We have a live stream Monday at 3:30 GMT with @Paul_Varcoe 📺 www.tradingview.com 📺 As I said, this is only to give you a starting point - especially for you newer traders. There are several other factors & methods but start here.
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Education
by Mayfair_Ventures
33
ETH is coming for the crownSo, as you can see, since ~20th of Feb, we've entered and, for the most part, stayed within the Pitchfork channels the entire time. Only exceptions being a few of our four hr candle wicks busting thru the support beams at the bottom, but they always closed above. Now, we are at the top resistance line of the last channel. Separately, there is a new channel that we have broken into (pink and green trendlines) more recently, when we started hitting ATHs daily, and sometimes multiple times per day, with ETH. Following up the chart, you'll see the cyan and pink horizontal support and resistance levels we are currently using, and finally, circled in yellow: where I believe ETH is going to be forced to make a big move. Indicators show, to my knowledge - which is dubious at best 🤤 ***this is not financial advice*** - that we are going up. However, both ETH and BTC it seems are due for a correction, so, possibly this is it coming up soon. Regardless of which way the candles go, always have stops and takes set. Or else you'll get rekt. And then, what was the fucking point?? Good luck! (Check chart on daily as well for more confirmation with these indicators)
COINBASE:ETHUSDLong
by DeepPuddles666
EVERYONE IS FAR TOO QUIET ABOUT THISThis is Cantaloupe Inc. Cantaloupe Inc. was formerly known as USAT, yes USA-Tech, a titan. Cantaloupe Inc. is a rebrand to more successfully integrate internationally, and they are taking BAKKT payment solutions with them. -BAKKT integrates crypto payments and going HAM on their end -partners with: RBC Rewards, Best Buy, and Vitality (24mili users) Cantaloupe Inc. earnings are growing, and with the rebrand and heavy positioning, Cantaloupe Inc. is looking for a bull cycle alongside crypto.
NASDAQ:CTLPLong
by BillBlinton28
2