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Can Bitcoin Breakout??Bitcoin has been jostling for direction lately, after being batted down to $52.8K, then rallying back to $59.4K, where we saw resistance confirmed by a red triangle on the KRI. We are settling right now in the low $57K's, but there is a bit of volatility in this narrow range at is struggles to find direction. The Kovach OBV is gradually picking up strength, potentially suggesting a bull divergence. Additionally, we are starting to see an inverse head and shoulders forming with a neckline at $59.4K. Watch for BTC to tend toward the neckline before breaking out further into the $60K's. If so, $61.6K and $62.4K are the next targets. If we reject the neckline, it will be a bearish sign and we could retrace to $52.8K again or lower.
BITSTAMP:BTCUSDLong
by quantguy
1
Synthetix (SNX): A Safer 4X in Next Couple of Months!---Kwenta Testnet Takeaways, Next-Price Orders, SIP 80 and 184, and Synthetix Bottom Line--- The following is taken directly from the Synthetix io Blog update, dated 1 December 2021 and titled, "Futures Update." These are only excerpts and you would be well served to read the entire blog update. Kwenta Testnet Takeaways: "Much progress has been made and numerous lessons learned, culminating in a Kwenta testnet competition held in October. Overall, the testnet competition was a great success. The futures market functioned as intended, and also highlighted some opportunities to enhance the usability and efficiency of the platform without adding too much additional scope. One of the takeaways was that frontrunning still poses a legitimate risk on L2 if Synthetix is going to offer low fees for perpetual futures. This prompted the introduction of SIP-184, which dynamically adjusts exchange fees in response to price instability. With SIP-184 as a backstop against volatility, base exchange fees can be safely lowered. Research done as part of SIP-184 suggests that ~20bp exchange fees could be feasible, with the dynamic fee only kicking in ~1% of the time. Note that this is just an initial target, and further improvements are likely to support even lower exchange fees." Next-Price Orders: "First and foremost, the transition to L2 has greatly improved the frontrunning situation for Synthetix. The scalability offered by Optimistic Ethereum enables Chainlink oracles to push updates much more frequently in a cost-effective way, thus allowing for spot synth exchanges with no fee reclamation and negligible frontrunning risk (with 40bp fees). The other main differentiator of Synthetix perpetual futures compared to other platforms is the role of funding payments. Traditionally, funding payments are used to align the futures market price with the spot price. Because trades on Synthetix are executed at the current oracle price, there is no need for such a mechanism. Instead, the funding rate is used to encourage balanced open interest and minimize directional risk incurred by SNX stakers. This brings us to next-price orders which, as the name suggests, are trades that execute at whatever price is reported in the next oracle update after a trade is placed. Because orders fulfilled at the next price update are inherently difficult or impossible to frontrun, they can be filled with an extremely low exchange fee and minimal or no risk of frontrunning. Note that next-price orders will exist in parallel with traditional atomic exchanges, and that atomic exchanges with a slightly higher fee will always be offered. The target user for next-price orders is predominantly arbitrage traders who will neutralize market skew to earn the funding rate (there will not be a UI for next-price orders initially). With lower exchange fees, these traders will be able to more efficiently neutralize even relatively small imbalances between long and short open interest. This will greatly reduce market risk passed onto stakers while also broadly lowering funding payments made by other traders on the platform. It is also expected that usage of next-price orders will decline over time as fees for atomic exchanges approach parity with next-price orders." SIPs: "These two additions (SIP-184 and next-price orders) are relatively minor compared to the rest of the futures scope (outlined in SIP-80), but offer extremely significant benefits to users. Thus, the tradeoff of incorporating them in exchange for a slightly later launch date is well worth the effort. Currently, SIP-80 and SIP-184 are both code complete and under audit. The additional logic for next-price orders is in progress and close to being finalized. The next steps from there are testing SIP-184 on testnet (this week) to push fees as low as possible, then getting ready for mainnet with a target launch date in mid-January. The mainnet launch will be rolled out in several stages, gradually expanding maximum open interest caps as the effectiveness of the underlying mechanisms are validated." BOTTOM LINE: "It’s been a long journey, but the light at the end of the tunnel is now clearly visible. In a little over a month, Synthetix will deliver a fully on-chain composable perpetual futures market on the highly performant Optimistic Ethereum layer 2, with top tier UX and unparalleled liquidity. While it would have been ideal to launch futures before the end of the year, more sUSD liquidity is still needed on Optimistic Ethereum and by the time mainnet launches there should be a significantly higher amount of SNX staked on L2 reducing the risk for everyone staking on L2. With the upcoming Debt Pool Synthesis, we will also have much more sUSD liquidity to leverage for futures traders." Hopefully, this isn't too much to take in. There was actually a little more in their update, but it is good that they are keeping us SNX hodlers informed. My (Garry, not Synthetix Blog) only additional thought is, at today's cheap pricing, SNX is one helluva deal for the project/platform. In my mind, I am positive we will see SNX shoot past its previous highs seen earlier this year based solely on a quality product/project. This isn't your nephew's favorite meme speculation waiting on a tweet to make you rich. When SNX retakes and surpasses its old highs, it will not fall near as easily as that next Dog coin. This a much safer 4x in my mind in the next couple of months!!! On a side note, I am increasing my SNX token count every Monday, earning additional tokens at 13.99% APY without the hassle of having to stake, validate or delegate my tokens. I just earned over 7 SNX yesterday, just like the week before and just like I will next Monday! If you want to do the same, I can give you my referral code to earn us both $50 worth of BTC if you do. TradingView does not want me advertising the exchange or my referral code here, but you can contact me if you want that info.
BINANCE:SNXUSDLong
by tg-l
2
Cup and Handle Formation in ENSBullish here as it seems to be a cup and handle formation and hence took a small long on the same. Note: This is not a financial Advice just my own trading opinion and personal trede info, DYOR before investing/trading any crypto or coin, I do not take any responsibility of the loss assumed by you in any trade you took based on my analysis. Please do share your analysis as overall it helps the community and encourages participation, thanks for reading whole note, Good Luck!!!
Long
by Shradosphere
Can Bitcoin Break the Bear Trend??Bitcoin attempted a 'scam' rally but fell short of our level at $59.4K. The fact that the Kovach OBV has not really picked up with the rally should have been an indication that we are not likely to continue into the $60K's any time soon. The broad range between $52.8K and $59.4K seems to be much more comfortable for BTC at the moment. Broadly, we could be forming a bear flag before another push lower. The last support level in the $50K's is $50.8K, before we will enter the $40K's. The first level here to provide support will be $49.7K If we do catch a bid, watch $59.4K as this is the level to break definitively before we can consider regaining (and holding) $60K's.
BITSTAMP:BTCUSD
by quantguy
2
WAVES - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. WAVES is overall bullish and now approaching a strong support zone so we will be looking for trend-following buy setups on lower timeframes. on H4: WAVES is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated , WAVES would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
WLong
by TheSignalyst
8
VIBE - Vibing with this LTH ...💎NOT FINANCIAL ADVICE: This idea IMO for personal use only ==================================================== Just entered this long term hold metaverse play. Sleeping GIANT IMO ticking all the boxes with P2E, Metaverse, SDK Dev just to name a few. VIBE is an ecosystem built for speed, transparency and security, specifically got NFT dev and creation on it's own later 2 scaling solution across any blockchain, VIBENet (a layer 2 side chain solution that executes instant transactions with NO GAS FEES. VIBE token is used for the purchase of digital goods and services within the eco system.. More details on CMC. DYOR. Entered: 0.09076USD As always, watch for volume , NFA , DYOR, check on-chain data. Always be watching BTC . Good chat.🤖
BINANCE:VIBUSDLong
by CryptoZani
2
VET - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. VET is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes. on H4: VET is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, VET would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
30
BITCOIN - Interesting Times!Bitcoin broke below 60k zone. NOW WHAT? BTC is overall bullish trading inside our orange rising broadening wedge so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendlines. The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in blue (50k zone) and the lower orange trendline. As per my trading style: I will be waiting for BTC to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
24
Bitcoin Outlook Hinges on these Three FactorsWhile US traders may be gorging their already bloated bellies with turkey and other fixings, the crypto market is still open! It's time we took a step back and analyzed some factors which may influence the price of Bitcoin and the broader crypto market for the duration of 2021 and on into 2022. TLDR; Three reasons to be bullish of Bitcoin: 1. Strong Technicals 2. $3T market cap 3. Regulation (yes, this is a good thing) Despite the pullback from highs, Bitcoin's technical analysis is strong overall on the longer term ("when in doubt, zoom out!"). It looks like we have an Elliott Wave double zigzag, terminating at highs. The retracement we saw down to the $50K's is thus a completely reasonable correction. Checking the Fibonacci's, we have a 0.618 retracement level at $53K, right under the lows we saw last week. From here, we anticipate a bounce to the 0.786 level just under $60K. After that, it depends on how we test $60K. As we have mentioned before, this is a serious barrier to higher levels. It is both psychologically and technically significant. If we reject it, this could mean we will take another dive past 0.618 to the 0.500 Fibonacci level at $48.6K. If we break it, we could be gunning for new highs and the beginning of another zig zag wave or 5-3 wave. The Kovach OBV is also strengthening, though not to the full steam we saw with the previous rally. We have a green triangle on the KRI suggesting that we have good support at recent lows. Other factors influencing crypto prices include the fact that we recently hit the $3T market cap (even though we've since retraced to about $2.8T). Our 5 year target is $10T, so we're about a third of the way there. We cracked the $1T barrier in January of *this year*, so this helps to put things in perspective. Finally, regulators are taking interest in crypto which is actually a good thing. More formal regulations and guidelines will facilitate business interaction with crypto in the US.
COINBASE:BTCUSDLong
by quantguy
3
Bitcoin Holds SupportBitcoin is finding support in the mid $50K's. We have tested $55.7K several times, and appear to be forming a bear wedge at this level. We have not been able to muster the strength to break through resistance in the high $50K's to test $60K again, which suggests that Bitcoin will remain in the $50K's at least through the Thanksgiving Holiday in the US. If we break down from current levels, then $54.3K is the next target. The Kovach OBV has been quite bearish, but has leveled off suggesting that Bitcoin is content with current levels for the moment. We will see resistance from $57.7K, then $59.4K if we catch a bid.
BITSTAMP:BTCUSDShort
by quantguy
The rise of $CROWOW, what a time to be alive! I'm sure I'm not the only one that stayed up all night watching Crypto.Com Coin creep on up. I am in no way saying that I am getting out of this, vice versa will probably diamond hand it, because I learned my lesson on getting out early and trying to find a way back in. BUT... what's up with this pattern? I am seeing a rising wedge, meaning this could be a time to sell? Will we ever see the .60-.70 cent range on this again? Either way, I'm going to HODL- I would like to purchase more of this, trying to find a good time. What are y'all thinking?
COINBASE:CROUSDLong
by jointtothefuture
7
Bitcoin Hugs Lows 📉😟Bitcoin has refused any attempt at a bull rally, with sharp two-bar candlestick rejection patterns on the 30 min chart with every time the price moves higher. It has been smacked down from $59.8K, the next level under $60K, then again at $57.7K. We are seeing good support from $57.7K as identified by two green triangles on the KRI. The Kovach OBV is steadily and consistently bearish, suggesting that the selloff may continue. If so, we should have further support from $54.3K. If not, we must break $57.7K, then $60K to be considered 'bullish' again.
BITSTAMP:BTCUSDShort
by quantguy
1
100x HODL OPPORTUNITY! Here's why:Injective Protocol (INJ) is the FIRST fully decentralized cross-chain derivatives exchange protocol! You could say we're a little late to enter this, yet we're also very early. In just 1 year the price has rocketed, however traders have been preaching the importance of INJ for weeks whilst waiting for an entry point. Right now is a fantastic entry point, as you can see the candles have been consolidating for SIX WEEKS+ along the support barrier, holding strong for the next pump. The yellow S/R lines extend out to the end of Q1 2022 (March 31st), and just take a look at our potential highs here, absolutely rewarding! In terms of the 100x hodl opportunity, this comes into play later in 2022 as the number of holders increases due to the rise in price, awareness of the cross-chain derivatives (crypto + stocks etc), the smart contract promises from ETH delayed until 2023 and the rise of the NFT community. Personally I entered INJ at $11.35, for transparency. Drop a follow to see the other gems im investing in, and trade safely crypto fam.
by MikeyFergus
6
Bitcoin Rejects $60K 😱Bitcoin made a run to regain the $60K handle but has since been sold off back down to support in the high $50K's. We saw fierce resistane at $60K as anticipated, and confirmed by several red triangles on the KRI. We are currently finding support at $56.8K, and if this does not hold, we should see further support from $55.7K, a relative low. The Kovach OBV is very bearish, which may indicate that we are starting to look oversold and that a relief rally may be near. If $55.7K does not hold then $54.3K is the next support level below.
BITSTAMP:BTCUSDLong
by quantguy
Oasis Network Breakout OpportunityThis crypto has broken out with good volumes and could Retest in daily candlestick chart, and may rally further. It is a small cap and the markets are showing signs of weakness. so this trade is of high risk and due caution is advised. A good point of entry would be around 0.32 USDT, which is the point of retest in Fibonacci levels and previously higher trendline. Risk Reward Ratio - 2:1 SL placed below major support and below trendline.
Long
by tradewidmufeeth
1
SOLANA - 300.0 See You Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow. SOL is overall bullish trading inside the blue rising broadening wedge and now sitting around the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes. on H4: SOL formed a valid inverse head and shoulders pattern (in orange) but it is not ready to go yet. Trigger => Waiting for a momentum candle close above the gray neckline to buy. Knowing that SOL can also reject the red trendline to form a third swing around it before breaking the gray neckline. Meanwhile, until the buy is activated, SOL would be overall bearish from a short-term perspective and can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:SOLUSDLong
by TheSignalyst
30