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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.
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
ETC 1000$ LEVEL UPPED- RANK 13 - %3700Definitely read my Old articles. Do Not Buy and Sell in a Rush. Those who do not know how to trade can lose or lose what they hold. The door is open to anyone who wants to go out in the snow. I do not make the decision to buy or sell. The money is in your gain / loss. it is not investment advice. Be careful when adding over $ 100-120. Do not be afraid of high people. But if you get scared and sell it. they win. If you have cash, add it as 1/10 of what you have. because it rose fast. Fast rising, fast falling. Nothing has changed in the slightest in their decisions from yesterday to today. I am saying clearly. We haven't been selling it proudly since $ 10-15. Coinmarketcap 23 to 13 coingecko /en/coins/ethereum-classic Volume 1. Tether, 2. Btc, 3, Eth, 4. Etc, 5. Doge. No other words are needed. They started to put money in and out, knowing to be careful with your new purchases. So the bear whales came. Everything is getting better. Get out anyone who is afraid of hurting Our Front is ready. You will see over $ 400 the moment we win the war. The Shorthands who should be afraid must take back their goods from the market. If you do not sell, they remain like goods. For the transaction volume, it must decrease, increase, or fluctuate, I bought up to $ 100. now those who understand me understand. I think. My Million-Dollar Purchase Limits at 100-120 Dollars have been entered. // Binance. I'm waiting for the whales. We don't like that they raise the price Fast and rob people. But they don't need to be afraid, we are here. It will be 1 etc = $ 1000. Their Tactics do not work on Us. If they burn Etc. I'm telling On. Enter who can enter short in Etc. If we don't respond with 2-3 times. If we don't do any harm. If we do not make it liquid and damage it, then tell me. I say to everyone who goes into the dog, you have a bomb on your hand. I say it's about to explode. We will wait a little longer. I shared the First Half of Premium Levels (artificial intelligence) in my previous article. For those who want to trade
Long
by TraderEtc
9
HODL BTC FOR THE MOON EFFECT - WHALE TREND COMING INTO THE GAME!Hello trading friends, Bitcoin looks still into a bull trend, and we expect it's only about time before we whale see the whale breakout. we did add this update below since yesterday as the first signal for ALL-TIME HIGH ETN DATA The best owner of BTC adds more bitcoin - and he or she expect also a bull trend , otherwise, they will not add big amounts. # Depending on our study BTC HODL OUR BEST COINS Zilliqa possible long or short term 0,50+ AND - HNT the internet of things coin Follow/like for more trends.
Long
by watchtrend
8
ETHBTC on a MAJOR BULLISH break-outThe title really says it all. ETHBTC within a 3 week horizon, broke 2 major barriers and the future looks brighter than ever. This chart is on the 1W time-frame and as you see the current candle just broke above the Channel Up that started back in late 2019. 2 weeks ago the price broke above the 4 year Lower Highs trend-line which has been a Bear Cycle's ultimate barrier since June 2017. What is interesting is that since 2020 whenever the RSI made a Higher High and broke a Resistance (R), ETHBTC broke a major bearish barrier itself. On January 27 2020 the RSI (R) break pushed the price above the 1W MA50 (blue trend-line). On July 13 2020 it pushed it above the 1W MA100 (green trend-line). And as mentioned, 2 weeks ago it pushed it above the last bearish barrier, the 4 year Lower Highs trend-line. From this point onwards we may see a major Parabolic Rise on ETHBTC. What do you think? Is ETH set to shine on top of BTC? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> alanmasters --------------------------------------------------------------------------------------------------------
Long
by TradingShot
7