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20.1.2021 - Bitcoin (BTC / USD)Hi Traders! In recent days and weeks, everyone has been most interested in the king of cryptocurrencies - Bitcoin. It recently set his new ATH at USD 42,000 . Since then, however, we have undergone a slight correction and in this situation, we have two options for further development. 1. Triangle The first possibility is that we are in a triangular formation, which we are slowly ending and we will soon grow. For this to really happen, we need to keep the bottom trend line on the chart and also break through the top trend line. 2. ABC correction In this case, it would not be a positive report and another wave of decline would follow. So we would fall across the bottom trend line and go test the support at the level of USD 28,200 - 29,200. Both options are still realistic and as we can see, the chart no longer has much space. This means that it will soon have to decide which side to we will look at. Which of the options will finally be realized does not change the fact that we are still in the bull run. Each correction, therefore, represents an opportunity for another cheaper purchase. May the crypto be with you!
BITSTAMP:BTCUSD
by DolleroTechnology
5
Ford close to the trend reversalFord (NYSE:F) formed a falling wedge. It tests the resistance line on a monthly chart. The stocks are confidently recovering, there are signals of a reversal of a long-term downtrend. Recently it has become known that Ford invests $100 million in a plant in Missouri. The investment is part of more than $11.5 billion that Ford will spend on electric vehicles through 2022. The company marked it wants to release its most iconic ICE models in electric versions. The popularity of electric cars is growing, especially during the oil crisis. Best regards EXCAVO
NYSE:FLong
by EXCAVO
8
30.9.2020 - Binance Coin (BNB / USD)Hi Traders! Today, we look at a specific trade we found on the BNB / USD pair. This trade is on a 4-hour chart and is short. What does it mean? This means, that we will speculate on a decline in the price of BNB coin. Why? 1. BNB is at a strong resistance of USD 28 - 29. This area is very strong resistance on our chart. 2. We also see the first rejection and the first red candles on this resistance. 3. RSI divergence - if we look at RSI, we see that the chart is falling while the price has reached a new maximum. This happens quite often in cryptocurrencies. 4. Trendline - we have not yet broken this, but we assume that we will see it in the coming hours. We mentioned 4 points above why the BNB price could fall. However, technical analysis is, of course, a game of statistics and probability. Thus, the BNB has a high probability of a decline, which, however, does not provide any guarantee that this will be the case. As for the zone where the price could reach in the event of a decline, we see the values of USD 24 - 25 as the first stop. May the crypto be with you!
BINANCE:BNBUSDShort
by DolleroTechnology
23.9.2020 - Bitcoin (BTC / USD)Hi Traders! In today's analysis, we will look at BTC / USD. We have seen a significant drop in recent days, so you will definitely be interested in looking at the overall situation. When we look at this chart and think about world markets, we think Bitcoin got into a bull-run. We are above the trendline, above MA21 and we have been creating higher lows for several months now. We must also not forget the halving and previous cycles. In terms of technical analysis and market cyclicality, we are therefore in a bull-run. Warning! However, this does not mean that the price cannot fall. COVID and the March slump in the markets caused Bitcoin to significantly copy the S&P500 index. Bitcoin and cryptocurrencies are therefore also clearly linked to movements in world markets. If we only look at the analysis and fundamentals of Bitcoin, we are clearly bullish. However, if we look at the markets globally - if the S&P500 falls, then it is highly likely that Bitcoin and the entire cryptocurrency market will also fall. You can see 2 strong supports marked on the chart: 1. Level at USD 8,098 - 8,810. 2. MA200 - on the weekly chart, it is the strongest MA, which caught us on the bottom on USD 3,000 and 4,000. It is currently worth approximately USD 6,600. May the crypto be with you!
BITSTAMP:BTCUSDLong
by DolleroTechnology
5.8.2020 - Binance Coin (BNB / USD)Hi Traders! Today we will look at the exchange coin of the most famous exchange - Binance. We will analyze the BNB / USD trading pair. We chose this pair deliberately, because we have been seeing the potential for evaluation on it for several weeks now, and so far it is developing exactly as expected. The overall target where growth could end is at USD 26.28 - USD 27.55. What do we see on the graph? After a sharp fall, which was recorded in March by all cryptocurrencies and the entire capital market, growth came. Subsequently, we formed a triangle, where the BNB let indicators to cool down and took a second breath. It is extremely important that this coin still holds the trendline as well as high volumes of purchases. If we will break through the white trendline downwards, we would rather end this trade. If that doesn't happen, we'd target the previously mentioned level. This growth is not surprising, as last month the BNB had a so-called coinburn (burning coins). Each quarter, the Binance exchange burns part of its coins, and therefore the amount of BNBs in circulation decreases. This event could also have had a significant effect on rising prices. From a technical point of view, we are currently monitoring the ABC correction, the minimum target of which is based on USD 26.28. May the crypto be with you!
BINANCE:BNBUSDLong
by DolleroTechnology
15.07.2020 - Bitcoin (BTC/USD)Hi traders, we have our regular analyzes back. Since we did the analysis after a long time, today we will look at a higher time frame on Bitcoin. Specifically, it will be a daily chart. On the daily chart, we follow the huge triangle that has formed there in the recent years. The top edge of the trend line is at ATH so it's about $ 20,000. Then the trendline captures the last year's peak. On the contrary, we still have value from the beginning of 2017 at the bottom edge, as well as our last bottom, which was at the level of $ 3,000. However, we tested this support once again, and it was exactly in March when a great panic over COVID-19 came on the market. So, at the moment we see that Bitcoin is compressed between two strong trend lines. We past the halving and due to the economic situation Bitcoin should tend to push more up. However, I have outlined two basic scenarios in the graph that you should follow now. Bullish scenario In this scenario, we speculate that Bitcoin will be able to break the upper trend line and the $ 10,472 threshold to create a higher maximum. If we can break through these key values ​​and stay above them, then we can talk about another bull trend. Bearish scenario In this, we speculate that Bitcoin will not be able to break through the above-mentioned levels and will still test the supports at the level of $ 6,000 or $ 8,000 dollars. Conclusion At this point, we have to wait for Bitcoin to decide. We have been consolidating below the trend line for almost 2 months, but we have not yet been able to break it. Until that happens, we can still go lower. May the crypto be with you!
BITFINEX:BTCUSD
by DolleroTechnology
11.3.2020 - Bitcoin (BTC / USD)Hi Traders! Today we're looking again at bitcoin, but this time with the long-term lenses. Currently, halving comes out on May 11, 2020, and many people have speculated based on the past that if history repeats, we should grow before halving. Subsequently, in the halving period, we would slightly decline (even consolidate) and grow again. The bitter surprise is that halving is around the corner and bitcoin is falling. So we offer 3 basic scenarios. 1. Bullish scenario Right now we are near the bottom and the lower trend line will support us. A bounce will come from there, and we'll climb towards the top of the trend line, we can get through it and get into the bullish zone. There is also strong resistance around the trend line. 2. Bearish scenario In this case, the lower trendline won't support us and we'll break it down. This would be an extreme bearish situation, we cannot fully imagine what would follow then. But we have to take it into consideration. 3. Complete triangle fill-up Two basic trend lines make up a triangle together and it's possible that we could bounce off the bottom and go up to the top line, where rejection would come across and we would go back to the bottom and the final decision would take place there. However, this move could take up to 3-4 months and would be very challenging for trading. Which scenario do you find the most likely? To us, the last one, because both bullish and bearish scenario represents huge extremes even for cryptocurrencies. May the crypto be with you!
BITFINEX:BTCUSD
by DolleroTechnology
4.3.2020 - Litecoin (LTC / USD)Hi Traders! We haven't looked at Litecoin recently, one of the most famous cryptocurrencies. We are currently at $ 60 and our fundamental question is - is this the end of the correction? As you can see from the chart, we have highlighted a bullish and bearish scenario. In the case of the bullish scenario, we assume the correction is fully completed and the next move will bring us to a new high . However, we have a few strong resistances ahead of us, and the steep angle of decline isn't any advantage. This decline is sufficient in terms of percentage, but the dynamics at which we got to the target isn't ideal. That's why we must also take the bearish scenario into account. In the bearish scenario, it was only the A wave and we're currently expecting less growth with the subsequent completion of the entire correction. 3 strong resistances: 1. the lower edge of the channel 2. the upper edge of the channel 3. bullish level The bullish scenario will only be valid after the bullish level has been overcome . Until then, any resistance that sends us to a new low can always stop us. May the crypto be with you!
BITFINEX:LTCUSD
by DolleroTechnology
26.2.2020 - Ether (ETH / USD)Hi Traders! Today we're looking at the biggest representative of altcoins - ETH. Ethereum is very interesting for several reasons. In the community, transition from POW (proof of work) to POS (proof of stake) is now quite a hot topic. This change is also believed to be due to many miners gone mining ETC (Ethereum Classic) and that was the main reason for its graceful increase. However, Ethereum is also interesting for another reason. It's currently in the channel and we can say it's consolidating on the TOP now. We have identified two main zones where ETH can come: 1. 0.382 Fibonacci retracement , where the bottom edge of the channel and even strong support is. Many other altcoins have crossed this line today and continue to decrease, but ETH is still holding. This is the first zone where we would think about buying. 2. 0.618 Fibonacci retracement and in this case, it would be up to around $ 184. Yes, these values are also possible. We believe that ETH will continue to decline and we've also identified two key zones to monitor. But what if growth comes? In that case, we would wait for ETH to exceed the $ 287 threshold. This is the bullish level that we have to overcome if we want to grow further. Until we overcome it, these targets apply. May the crypto be with you!
BITFINEX:ETHUSDShort
by DolleroTechnology
Trend reversal or bull trapIf we talk about technical analysis I see inverted head shoulders, the same as it was in 2018. Also we are near MA200, now the situation is identical, we reach this moving and after that we go down 61.8 fibonacci level also works The media is very bullish Bloomberg every day there are articles from January, articles for beginners, about "that everything is fine, after 4 months halving and you will see the price twice as much. There is no bottom when the media say that everything is fine. The bottom is when the media say that this is an apocalypse, collapse, only bad information. Let's look at the situation regular traders bought at a price of 7-8k dollars   Who is buying 8-9k now? big players?)) I don’t think so, retail traders who jump into the outgoing train you remember the end of 2018 when the media said that at the end of the year we will see 20-15k and after that you remember that we go to 3k. What we can see now is the inverted head shoulders, and create the illusion of a return. All those who are now gaining a position are the very people who will be the first to sell, and stop loss in the area of ​​6800-6400 and after we achieve this, the position closes in the market and we go even lower. January 25th, we have a Chinese New Year, in the coming week, I think many will go at these prices and after that we will go lower This is my opinion we are still in the downtrend after a break and consolidation above 10400, for me there will be a final change of trend Best regards EXCAVO
by EXCAVO
134
BTCUSDhello dear traders I had a break in trade and now I am returning to trade because I believe that in the next month there will be an interesting situation on the market. let's talk about the market. We all have seen a lot of hype and enthusiasm for the past two months. Many "experts" continue to say that we will go to a new bottom, some say about 2k-3k. others speak of a reversal of the market, a golden cross. All this is possible and I will not exclude such options. Everyone has an opinion. And now I will tell my opinion based on the facts. Yes, indeed, we have a momentum up and after it an upward channel that moves from support lines to resistances, and we all see real volumes of interested players. Golden intersection - yes, it really happened, but if you look at history in this way, traders are forced to enter trades, since the intersection of MA is indeed one of the signals for reversal. But the market must punish The resistance level, as I said at the top of our upstream channel, is strong resistance in the range of 5900-6250 which we are unlikely to reach this time. Because firstly there will be a struggle for this level, the second one because more and more traders will lower their orders in order to sell or open a short position in a profitable manner. buy and sell orders - shorts are a lot more than longs Link vcdepth.io his information is not a recommendation to buy or sell
BITFINEX:BTCUSDShort
by EXCAVO
35
ZILLIQAJust yesterday, the coinmarketcap published a new rating of projects. The results are set on a scale from 0 to 1000 points and have the corresponding letter grade. With the help of the rating it is impossible to fully evaluate projects and compare them. When analyzing a project, you should definitely conduct your own research. Their rating will allow you to simplify the market navigation, assess the performance and achievements of the project. Bitcoin, by the way, scored 887 points in this rating and received an A grade. Zilliqa is also not lagging behind, the project got 787 points For the past two weeks, the project team has focused on technical settings, as they approach the full-scale deployment of the Zilliqa Core Network. We are waiting for the announcement of the move tokens ZIL from the team, it should appear very soon technical analysis We in bottom. ZILBTC formed up trend channel and now we near support line of this channel this is the best position for swing trading - position trading.
Long
by EXCAVO
7
SilverThe graph shows the classic economic cycle of a financial instrument. It consists of four parts (expansion - boom - recession - depression) Silver broke through its strong trend line, as well as the MA 200 crossed this called Death Cross - this means a trend reversal and we are in the Depression zone. We touched the support line in the $ 13.9-14 zone and didnt break through and go to the resistance line and now we are moving towards the resistance line of the blue triangle and there is also a black resistance line. Most likely we will test it and continue to move down.
FX_IDC:XAGUSDLong
by EXCAVO
19