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STEPN - Just a 4H Candle Later 👟Just 4 hours after our post: STEPN - Crash Generates Opportunity 👟 ''Yes, there is panic everywhere in the crypto sphere but at the same time some charts are yelling: Buy Me! We will post some SHORT positions on other charts today but STEPN looks like a GREAT BUY to us today. We are already on it.'' I will add something to it: Never Give Up-Never Surrender, Never stop Hedging, Never stop studying the Chart and your Trading will be better (for SURE!) One Love, the FXPROFESSOR
FTX:GMTPERPLong
by FX_Professor
1
🌕LUNA: what happened to LUNA and UST? Simple explanation!🌒Hi friends! There is a lot of news coming right now about Luna and the UST (stablecoin 1 UST=1 USD), which momentarily lost its peg to the dollar and lost 39% of its capitalization. The total capitalization of $18.2 billion became $11.1 billion. Now UST after a panic sell-off is returning to a 0,9:1 peg, but is a drop possible in the future? What was the cause and what are the possible scenarios for Luna and UST? 🌓The UST stack itself is an algostable and has a $1 price peg mechanism due to the LUNA selling mechanism. There was panic in the market, and as a consequence of the panicked outflow of funds from LUNA, the algorithm was disrupted as the outflow exceeded the inflow of LUNA providing the peg. 🌖Technical Analysis (TA). ✅Global Scenario. I have noted important support zones that can be identified with horizonal volumes: 1. $14,56-18,2 2. $5,20-7,45 🔥These are global support zones where there is enough liquidity for a big player to open long positions. 🔥The fuel for this drop was the traders who accumulated the moon in the area I noted on the chart. Panic selling knocked the altcoin down by 80% from it`s ATH. Short traders could be the fuel for growth. That is how it works. ✅Local Scenario. The local scenario with trendline breakout. The trendline breakout strategy helps me to identify best entry point, so friends if you want to know how to use it, leave a coment and i`ll try to make an educational idea with simple explanation for you. 🚩Let's not forget that Luna has an $18 billion supply and ranks 3rd among companies in accumulated Bitcoin. Biggest disclosed Bitcoin treasuries: 1. MicroStrategy - 125,051 BTC 2. Tesla - 43,200 BTC 3. Terra - 30,727 BTC 🌕Therefore, it is too early to predict a crash of this altcoin, although you can see how many holders got scared and started to sell off the crypto. 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.
by Yuriy_Bishko
14
📊SOL: should you wait for $50 or $100? Just check it!As expected, BTC fell and all the Altcoins drop with it by 60-80% from it`s ATH. In this idea i`ll share with you my thoughts about Solana. I hope it will be helpfull for you! I marked 2 value areas: 1. $25-48 - globas support for the price, huge value area 2. $88-105 - loval resitance and value reistance for SOL What should we expect? I think we can test the support area of $25-48 because as you can see there is no liquidation at the volume indicator. So i`ll open my Long position when it finally happen. And i think it will be the best entry point for many months. The next scenario is squeezing under the trendline. One of the most profitable strategy i use. So the price can start squeezing at the current price levels $65-75 and it`s possible to open a trade. Wait for the next updates about Solana to no miss the entry point. Of course, the value area of $88-105 is a huge resistance for the price. We have to pay attention to Bitcoin, because if BTC show strenth and start rising all the crypto will follow the Grandpa. I record the video update for you with clear explanation of my plan. Check it! Due to the current condition market condition you have to be more crafty and wait for your setup! 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.
by Yuriy_Bishko
6
🎢TRX: what heppened after HUGE pump? Should I open a LONG?Hi friends! Tron has been the gainer of recent weeks. As you can see on the volume indicator that someone was selling off a lot at this time. Let's mark the global zones: 🔶 0.076-0.079 local price support 🔶 0.090-0.093 local price zone 🔶 0.097-0.105 global zone of value These zones can be identified with the horizontal volumes indicator. You can read how to use them in this educational idea. The liquidity collection above the local high of $0.09 and the value zone helped the big player sell more coins to traders who bought on the breakout of the local level. ✅Was it worth buying there? The trendline, local highs, and value zone as one resistance. Probably not the best time to buy. ✅When can we open a trade? I will wait for the big liquidations that can be seen on the volume indicator and the squeeze under the trend line. 🏁Also, you have to wait for Bitcoin to gain the strength. When should I expect to open a long? I recorded a video for you with a possible scenario for Bitcoin. Check it out to be prepared and buy the alts in time! 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.
by Yuriy_Bishko
10
GMTUSDT potential for a drop! | 9th May 2022On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 2.77392 where the horizontal swing high resistance and 23.6% Fibonacci retracement is to our 1st support at 2.24956 in line with the 161.8% Fibonacci extension . Alternatively, price may break 1st resistance structure and head for 2nd resistance at 3.05192 where the 38.2% Fibonacci retracement and horizontal pullback resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
GMTUSDT potential for a drop! | 9th May 2022On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 2.77392 where the horizontal swing high resistance and 23.6% Fibonacci retracement is to our 1st support at 2.24956 in line with the 161.8% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 3.05192 where the 38.2% Fibonacci retracement and horizontal pullback resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
📊BTC: local and global scenarios! You haven't check it yet?🌟Hi friends! Today I will explain to you what the potential scenarios I see for BTC. Will the price go to the new ATH or BTC will it fall by 50% after the breakdown of the bearish flag? Read the review below! The price has been in a consolidation channel for more than 3 months and is also creating a bearish flag. Ideally, this pattern could be realized and the price should drop by 50%. But what happens in real life? 🚩As I said in the previous ideas, be more crafty and apply different trading tools together as 1 trading strategy. For example, the lower boundary of the wedge and the channel have become support for price. Traders who were looking globally started buying Bitcoin on a test of the lower boundary, so did traders who were looking locally and started buying as well. The price rose 3.5% after that. What do you think didn't happen? If we look at the volume indicator, I see no growth. 2 scenarios why it happened: 🔶 Lack of liquidity to buy. There are not enough sellers in the market for the whale🐋, that is why they usually do the manipulations, which we didn`t see this time. So the price can go lower. 🔶 The whales🐋 have no willingness to BUY now because they know more than we do. I think you understand that if the BIG guys owns $1B, they have it`s own research center and traders who have access to insider information as well. Highly possible, that they have already accumulate enough BTC to sell higher and higher. It`s a bullish scenario! Key level. It is important to mark the key level of $45500. It can become a local resistance for the price. If large volumes appear at a false breakout, the price can FALL below $38k again. If the price start to squeeze under the key level, it will be the best trigger for the growth continuation! ‼In any case, we should expect high volatility in the coming months. 🎥Also, I recorded the video update for you with a local scenario and a trendline breakout! Click on the image! 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.
by Yuriy_Bishko
13
GMT GMT GMTGMT LONG POSITION Shark Pattern, Bounce areas are ( Use Fib retrace to measure D = C to b 1.618 to 2.24 of fib retrace) Find where the imbalance or find some OB at the possible bouncing areas. If you find something set an OB and wait till it bounce at that Price of Interest of yours. Always use stop loss Risk management Risk only when youre confident Don't counter trade, but if youre a pro trader well you can. Dont chase the market price Let the market chase your interest price. Remember Risk management dont trade with your emotions smile :P -MercilessDolphin
Long
by mercilessdolphin