BITCOIN, Basic and neat analysis for position tradersI want to see bitcoin around 20,500 ish in order to meet the correction of the price action on its 61.8% Fibonacci retracement.
Weekly RSI is looking good, we are above 30 on today's price. But if you wanted to secure a position. You can buy a small portion of your margin around 21k just make sure to calculate your risk and potential loss because we can't predict the market 100% but we can prevent the higher potential loss in the market.
Long term analysis, BULLISH
Short term, this might be the bottom part of the dip. As long as we are above 30RSI on weekly time frame and we are near 200 moving average we are safe.
If we broke the 200 MA average and the RSI is above 30. We will see a series of green candles ahead, that's a strong indication of long bias in the market.
stay tuned, I wanted to be active on sharing my insights in the market.
Trade safe!
FLUX
FLUX THE GRAND FATHER OF WEB 3 PROJECTMy long term insight about flux is very bullish, since this project is the Grand father of all Web 3 projects just do your own research to avoid any misleading information.
But for me, yep i'll stand with this statement. Circulating supply is very low together with it's potential in the next bull market. I'm seeing Flux will hit at least 5B to 10B market cap next bull run or prolly $10 to $20 dollars above.
This project is a sleeping giant. I held a huge bag of FLUX since then and I'm on my DCA method since bear market starts.
I know It'll be worth it soon.
FLUXUSDT(FLUX) Daily tf Range Updated till 13-08-22FLUXUSDT(FLUX) Daily timeframe range. another nice and clean chart. there not much of complication to it. neither too much of data. volume is still generic. so there are pros and cons here. less data chart means if devs push on the fundamentals it can easily progress. if not as of less data on price action it can also create new lows without any problem. a support and resistance always based on solid data's of price action from the chart.
FLUX: let's try this shortOk, after 7 days in which I confess market disoriented me I've entered another short. I was disoriented because while general picture remained bearish market was going up and I wasn't confident neither at shorting nor at longing, moreover my life is super busy right now and I could focus too much on my TA.... well this hasn't changed now to be honest.
I found that FLUX had pumped over the last few days and looked topped. Tested twice today a resistance at 0.7350 and all indicators are bearish, I decided to jump in. Off course I still expect that pump that comes after one opens a short but beside that I suppose this is a good opportunity.
1h looks like shaping bearish:
4h too:
NOTE: even if not always it's very common that a serious dip takes price peaks with lower RSI so it's possible that this dip won't be the final one or it's possible we'll see another peak before dumping.
If BTC pumps off course it's better to cut the short
Trending after its pullbackIn the two cases provided below, the case for the Sandbox and Decentraland are this market trending upwards. Similar is it for the case of Flux. Something to note is that flux is trending after its initial pullback.
Entry Price: 1.29
Stop loss: 1.24
Target Price 1: 2.00
Target Price 2: 2.27
Target Price 3: 2.93
The general sentiment in the metaverse tokens is that this market is trending and with other metaverse tokens trending would the market sentiment lead to the Flux token be trending in the long term.
Seen in this chart is the token is overbought in the short term and the MACD is about to close in the short term.
This is not financial advice.
FLUX Power (1D) Could it be SO bullish ? Hello Traders,
This analysis is based purely on Elliot Wave trading analysis. As you can see My Wave count expect trend reversal.
Wave A was amazing1:1, Wave C alredy formed 5 subwaves (whch are most likely finished).:
- RSI 1D is positively Ceonverging,
- MACD 1D is positively oConverging,
- Today 10.2.2022 at 4:30 Eastern Time will be reported Earnings for 4Q/21.
Its very nice price entry from All time low only 13% up. = Aiming for 6 to 7.5 USD sell zone it brings me very interesting Risk Reward Ratio.
trade safe, do your own research and EW count + always use stop-loss ;)
FLUX long once we test support againTaking a long on Flux once we reach support again 1.4818 all the way to 1.7720. Flux has been moving into later stages of development and t he recent lowered threshold for running a Node has doubled the number of nodes since last month.
Gpu miners are also increasingly looking at Flux as the next gpu mineable crypto once ETH 2.0 is completed.
Cheers, good luck and as always be dareful out there
Flux Coin formed bullish Gartley for upto 27% moveHi dear friends, hope you are well and welcome to the new trade setup of Flux coin with Bitcoin pair.
On a 12-hr time frame FLUX has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade