💹ADA: are dump days finished? The possible scenario.Hi, friends! Cardano(ADA) are so far from it`s ATH as BTC and many other altcoins. At the volume indicators we see how some buyers continue the accumulation of ADA. It`s the first sign of bullish strength.
📊What scenario we should expect for ADA:
1. squeeze under the trendline
2. false breakout of the previous lows $0.42
3. volume growth as confirmation of buyers
The targets in many ways depends on BTC growth. If BTC starts to pump ADA can reach all the value areas:
🔶 $0.51-0.52
🔶 $0.55-0.57
🔶 $0.62-0.64
Additionally, i expect the second scenario without the liquidity collection. So pay your attention to the trendline breakout. Before it the volume indicator also show tha the buyer start accumulate the longs.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Gala
🚀DOGE: is it the end of the meme coin and meme Lord?Musk is reportedly accused of being part of a "pyramid scheme" related to Dogecoin. He faces a fine of $258B and a ban on DOGE promotion. Hope that everything will be fine to both coin and Elon.
About a month ago❗️, i published the idea about the same strange relationship between Elon and DOGE. Check it out😉
But we traders have to be ready for anything. Now a lot of traders are "locked" in Doge after the accumulation in the $0.8-0.88 value area. They become the fuel for dump and some of them have already been liquidated.
I expect the false breakout of the $0,064-0,066 value area return to the trendline and after some squeeze above it break it down. Preconditions for it we can check at the volume indicator. Some big players sell doge at the rebounce after dump. If at the false breakout the volumes will grow it will be the best confirmation for us to open a short trade according to this scenario.
Targets: return at least to $0,5-0,55 value area. The next targets we can difine when this movement begin depends on BTC mood.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📈AXS: the DUMP is still possible! But what after this?Axie Infinity is the famous game-fi project and top gainer of 2021. Ans it`s a problem for the price because lot`s of retail traders buy this coin and now almost liquidated.
The liquidity collection under the key level of $12.20 is highly possible. Why it could happen:
1. Lot`s of coins were bought in the $19-22 accumulation area. The horisontal volumes confirm it.
2. Additionally, the whales sell lots of AXS at the previous pump. Maybe, some traders don`t want to miss such "opportunity" and trade without trading strategy.
The volume indicator confirm this big buy also.
This both number of long traders become the fuel for such dump.
After the false breakout of key level and squeeze to the trendline the breakout is highly possible.
The targets for this trade:
1. $16.4 - key level
2. $19.5-22.4 - this value area become the huge resistance for the price.
Bloomberg said that the game is almost scam because dont want to pay it`s players. How do you think, if the famous news write about some coin news it`s a first bullish sign? Write in comments your thoughts about AXIE.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🚀GALA: potential reversal pointHi, friends! Can you see how big guys buy the bottom at the volume indicator? As you know if someone not sell somethins so you can`t buy it. In this example we see how much GALA were sold in panic or any other reason.
Where is successful trade really possible? The best opportunity might be at the false breakouts of 2 key levels:
1. $0,05 - local lows
2. $0,049 - local lows
Under these levels placed a lot of sl which is liquidity for the big player and they want to collect it.
The target is $0,064-0,07 liquidity gap which is resistance for the price now.
After the false breakout of the key levels and return to the trendline the breakout is highly possible. Check the volume, because it`s shows us the willing of the big guys to buy. Stay tuned to get more updates!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
GALA - Final Drop! 👀In our last post, we were anticipating the final drop to appear and now we've got it. The time to buy is almost here!
For confirmation of bullish breakout, we can wait for a break of the red trendline.
For an even cleaner entry, you can wait for you bullish reversal confirmation price action to appear such as lower timeframe trendline breaks, BOS etc.
Trade Idea:
- Wait for bullish price action to appear on lower timeframe
- confirmation on break of the red trendline
- stops below the lows once bullish price action appears
- Targets: 0.4, 0.8, HODL the rest
Goodluck and as always, trade safe!
😥🎢BTC.D: retail traders sell alts in a panic! Time to buy?📈Bitcoin's dominance has grown to 45%, while most altcoins have fallen by 75-90% from their ATH. One Luna🌔 lost $18 billion in capitalization. Why do we need this dominance and how it helps to increase the win rate? I'll explain it in this idea.
💼What is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency ( BTC ) to the total capitalization of cryptocurrencies. Simply put, % of Bitcoin's capitalization in the TOTAL capitalization of the crypto market (Bitcoin+Altcoins). Now it`s 45%.
💹What does dominance help to identify? As we can see from the 8% dominance growth, altcoins are getting weaker. But why does this happen? It is because of the panic of retail traders. In search of a quick profit and investing all their depo in altcoins without any analysis, they have lost significant capital and are trying to sell them as fast as possible despite the 90% fall of alts.
✅The key level of 50%, when the value of all altcoins=the value of all Bitcoins , will be the huge resistance to Dominance. Bitcoin can reach that level if it can drop to $23-25k and all retail investors finally panic sell off their alcoins, pushing the price down. That would be the best place to buy, but I'll tell you about that later.
🏁Let me know if you want to know more about altseasons: why and when it`s happen? Altseason is the best opportunity to grow your deposit.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📈ICP: is the whale trap coming to open short?Hi friends! As we can see the volume indicator shows us that lots of coins have sold by big players during the last few pumps.
Now the price forming the falling wedge which is the bullish pattern. But why short is possible in this case:
1. growing dominance of BTC. Altcoins looks very weak.
2. huge resistance at the $7.4-8 value area.
3. possible false breakout or pump the same as we see previously with volume bars growth. It shows us the sellers presure.
The target for downtrend movement will be at least the $6 key level.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🚀SOL: why no one buy this alt? Long setup!Hi friends! Solana is in a local range as the whole cryptomarket. As you can see it made false breakout after what rose by 26%. This i`m waiting for this time.
We see that the price consolidate above the key level of $37.4 and squeeze above it. Before the price growth, Solana have to break the key level down and make a manipulation with collection liquidity for longs of the big player.
📊The volume indicator should confirm that a lot of trades are buy and sell in panic their coins. For what? You have to understand that the liquidiy for whale is so important because in such cases he can buy more coins at a discount. Volume should grow as it marked at the chart. Before we see that at each price bottom the volume indicator confirmed a lot of trades and price rebound after that.
When the price return to the trendline it should squeeze and breakout the trendline.
🚩Targets:
🔶1. $44-47 - value area, local highs
🔶2. $50.5-53 - big value area
🔥Remember about risk and money management to increase your deposit.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊Will crypto be banned in the U.S.? Rumors of a new crypto law!A document about the new crypto regulation in the U.S. began spreading in the social media on Monday night.
📊The document is almost 600 pages long, and here is a summary:
🔸 Compliances, DAOs, exchanges, and stablecoin providers would have to become registered entities
🔸 Security laws have been re-painted with clarity, and a host of assets have been re-classified as commodities under the CFTC.
🔸 Compliance costs are proposed to be risen. Investors might have to indirectly bear the burden of the same as exchanges would try to recover the same via higher fees
🔸Bankruptcy definitions have also been changed. Per the bill, assets deposited would get returned to users and not liquidated.
🔸Fee offsetting rules mean exchanges would have to pay the government from fees, and the same would likely escalate costs.
🔸 The proposal also gives depository institutions the right to issue stablecoins.
📈Are the crypto regulations positive or negative for the crypto market The market will be increasingly safer for the retail and institutional investor and what used to discourage will now only attract. For example, Binance has been cleared and passed all inspections in major EU countries. This will only speed up the adaptation of crypto into the normal life of a person who is not even connected with crypto. So it`s a positive.
For example, China, having banned mining and crypto, is trying to regulate and oppose new technologies. The U.S. is trying to adapt new technologies, that is why the economy of this country remains No.1 in the world, and 90% of investment funds are located there.
📈Why should we keep an eye on these trends? What the U.S. starts, eventually adapts in all countries of the world: India, Australia, Pakistan, Malaysia, EU countries, Ukraine, Nigeria and many other developed and developing countries.
The regulation of cryptocurrencies will lead to positive long-term consequences, as a large number of blockchain-based products have been created for fintech, agriculture, retail etc.
What do you think about new possible crypto regulations? Will it help the crypto to grow for the next 2-4 years? Share your ideas in the comment!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
📊LINK: does the breakout of the range could lead to the DUMP?Hi friends! Using data from the on-chain analysis you can see that large wallets accumulate LINK for the long term. What can help them to continue this? Of course the trap for the retail traders.
📊After the "good" news about the product development of the alts someone sell a lot of Link`s and retail traders buy it. the bars on the volume indicator are almost reach the level of the previous highs when the dump happen. It`s a HUGE VOLUME, so pay attention to the short scenario which i marked on the chart.
🔥How can this happen? The price break the trading renge where the key level is the top of the range. After the small pullback the price break it again and reach the closest value (resistance) area of $8.61-8.91.
📈I think that the price after the return to the trendline can break it down and reach first value (support) area of $6.96-7.13.
📈If Bitcoin also starts falling it push other alts to the support areas, so in this case Link can fall even to the second value area of $6.30-6.57.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Gala - Good news came up, but it didn't help the price🚧Reasons to take short
⭐️ BTC bearish
⭐️ Trendline is clear
⭐️ Volume at top
⭐️ News came up but there no reaction
⭐️ 3rd touch
⭐️ Under VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
✅FTM: false breakout of the triangle! How to trade it?FTM is moving in a triangle, and if bitcoin falls, it will pull the altcoin price with it.
📊What are the preconditions for the price fall?
🔶First of all, the volume indicator shows that a lot of FTM coins were sold out after the huge growth. All these long traders will be fuel for the fall after the triangle breakdown. Additionally 2 other volume growth at the bottom shows us that the some traders accumulate FTM for long but also can be trapped.
🔶A bullish trap that could happen if the price break it up and return to the triangle would be a second reason to open a short. Volumes on the indicator should rise above the average, which will show us selling to long traders, after which it will make them fuel for the fall.
Also, the price could squeeze under the lower boundary of the triangle and break it down without a bullish trap.
🔶The price is now in the middle of the value area of $0.34-0.38, but if the price falls under that area, it will become a huge resistance for the altcoin.
✅Target 1 - key level of $0.3
✅Target 2 - key level of $0.24
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🎂CAKE follow BNB. Is it time to buy after 15% fall?After BNB annaunce investing in Cakeswap it`s pump for 17% in 8 hours. As you see at volume indicator someone sells a lot of the coins (take profit). But why the price dump to the previous valua area of $4.34-4.42? The SEC raised a suspicion of Binance similar to the Ripple case. Allegedly BNB are shares of the exchange, which is not allowed by law. This news dump even Bitcoin for 6%!
📊 What is good for bulls?
🔶Price is trying to close inside the valua area of $4.34-4.42. It`s the first sign of strength.
🔶The second positive sign for bulls is the volume growth. What this mean? Someone open additional long possition because there is enough liquidity to buy.
🔶If the price start to squeeze to the trendline and additionally volume will grow it will be the third signal that bulls show the strength and ready to pump the price.
🔶Closure of cases of possible violation of the law by Binance exchange will give a strong boost to the price of BNB and CAKE.
Targets for long are marked on chart:
$4.88 - key level
$5.65-5.85 - value are
📊 What is good for bears?
🔶The bulls were traped even on BTC so it`s possible that the price of all alts will follow the BTC price if the dump continue.
🔶If the SEC continues to investigate Binance, all altcoins linked to this exchange (CAKE, BNB, WRX, TWT) will consolidate or fall for a long time. For example, Ripple, which is about 2-3 years in a similar position in the bull market grew less than Bitcoin, although it has a capitalization of 10-15 times less.
🔶The false breakout of the trandline will b additional sigmal that the bulls haven`t enough power to push the price higher.
Binance is the largest crypto exchange and it`s hard to image that it will be banned. Perhaps the exchange will just pay a small fine, since the proceedings only concern 2017.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
✅BNB: trendline breakout after accumulation.Hi friends! The BNB is trying to breakout the trend line. After the 6% growth in a few bars, the price needs to gain strength and make a small consolidation under the trend line.
The targets:
1. $330-335 - first value area, local highs.
2. $354-361 - value area, big liquidity gap under it, so the price can easilly pump here.
Preconditions for the growth:
+ volume growth at the bottom means a lot of big players buy BNB to earn on price growth.
+ the price rise above big vaue area $296-305 which become the support for the BNB.
+ Bitcoin show the strength and starts pumping what help alts also to grow.
+ trendline squeeze.
Who will become "fuel" for this growth?
Short traders, who opened trader in this consolidation expecting the dump.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥MANA: $1 become strong resistance! What`s next?Hi friends! The value area around $1 has become resistance for MANA. What's next?
📊On the chart we see a return to the trend line after a small bounce. This shows the weakness of the altcoin. There is also no reaction on volumes, they have stayed the same. The chance of a fall is return.
🚩Targets:
🔶1. $0.86-0.99 liquidity gap.
🔶2. $0.73-0.72 is also the liquidity gap and not a strong target, but it is worth noting, because the nearest possible support for the price is behind it.
🚩Also, a false breakdown of the first liquidity gap is possible. The $0.86-0.99 liquidity gap placed exactly under the local low and key level of $0,9 so it`s highly possible. Growth in volumes will confirm the presence of buyers.
🔥Keep in mind this 2 scenarios.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🚩EGLD: falling wedge breakout! Wait for confirmation!EGLD price made a bullish wedge after a false breakout. As we know, the crypto market has its own specifics of patterns. Often it happens with manipulations, collecting of stop losses, false breakdowns, etc.
In this case, the manipulation was the first time when the wedge was broken out, when the candle collect liquidity above the wedge and returned to it. The price fell by 8-9%, almost the same as the entire crypto market. It`s not to much and show the bulls power. By volume, we see that this altcoin has been bought 3 times at the bottom. This indicates a big player who is accumulating a position.
Locally, we might see a breakout of the bullish wedge. If the volumes grow on price pullbacks, it will confirm our bullish scenario.
Targets can be identified by the horizontal volumes indicator. It`s the largest value areas, where the most of traders will close their position:
$90-93
$107-110
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
gala/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Risk Reward: 45.14
Potential upside: 1906%
Potential downside: -42.24%
The bottom looks like it's in or really close. We haven't touched wave 1 top yet so technically we still have a -42% downside before we enter wave 1 territory.
Gala has been going up since it started in 9/2020 and peaked at 11/2021. An uptrend for 1 year and 2 months, since then it has been correcting and looking for a bottom. From 11/2021 - 5/2022 is about 6 months and that is a healthy correction considering how long it has been going up for. If we get something similar for the next impulse cycle then it can play out to something like this chart. An uptrend is usually 2-3x longer than a downtrend so we should be seeing a reversal soon.
🚀GALA: trandline breakout! Is it possible now?The Gala rebounded nicely after the fall, but after that it made long traders fuel for a 30-40% drop. Now traders in the crypto market are scared and do not understand what reade to open (long or short?). In this idea I will tell my thoughts about Gala, closest targets and preconditions for a possible long.
What can be marked out on the chart?
1. the price rebound of 100% after the fall, caused many traders to buy in. After the last drop to $0.65-0.68 support, most had to sell their GALA.
2. Rising volumes every time the "bottom" was tested. On the volume indicator, you can see the volumes rising every time and the price bounce. A sign that someone may be accumulating a position.
3. 2 unsuccessful tests of the trend line and a return to it. A positive signal, a sign of bullish strength.
What to expect in order to open a long position?
🔶A squeeze under the trend line.
🔶Watch for Bitcoin, which should also look strong.
Another liquidity pickup below the $0.65-0.68 support level is possible. Keep an eye on volumes, which should rise in this case.
Targets for a long:
1. $0.094-0.1
2. $0.11-0.12
💻Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊Are the whales going to PUMP Bitcoin?Hi Friends! Today I`ll show you the closest possible targets for Bitcoin and how the whales manipulations looks like. As you know, if you want to be succesfull in trading you can just copy the guys with really big money. Except the DOM and Footprint that i use to indentify the big limit buy-sell orders, i use techical analysis (TA) and look for manipulations on the chart.
How can the techical analysis help to identify the big player? For this reason we need:
1. Key level. At the chart i mark 2 key levels which looks like channel.
2. Volume indicator. At the volume indicator you can see the traded volume.
Let`s combine this 2 tools. As you can see, the volume grow every time when the price touches upper or lower boundary of the channel. That means someone sell at the top and buy at the bottom. Additionally, the candles with long tails show that someone is pushing the price deliberately. We have seen this in two cases, which are highlighted in red circles. This is definitely market manipulation.
How this cases can help you in trading? You can add this tools to your trading strategy. How to make you personal trading strategy easy i talked about in this educational idea.
For this moment Bitcoin is squeezing under the trendline so you can wait for the breakout. ✅The targets:
1️⃣ $32,000
2️⃣ $33,100
3️⃣ $35,900
Also, you can expect the second scenario which is also possible in case of the market manipulation. Bitcoin is in accumulation for more than 2 weeks and lot`s of traders open their longs. How do you think where are their sl are placed? Of course below the lower boundary of $28,600 and the big player know it.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.