KSMBTC
Going long with Kusama KSMThe title of the article said "Kusama Parachain Auctions", and that was enough for me to jump onboard. I hereby quote from the article:
"The first real-world functional parachain Statemine, began processing permissionless transactions after an on-chain upgrade last week. After some smooth running over the weekend, the time is coming to move to the next stage: slot auctions."
polkadot.network
Technically we have a cup and a handle, and a chance to go parabolically towards new ATH that I have set using FIB R with 50% gains.
Blue line is my entry, green line is my target.
Kusama (KSM) - May 26Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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(KSMUSD 1W chart)
(1D chart)
We have to see if we can get support at 292.55684530 and rise above the -385.17484804 point.
If it falls at 292.55684530, you need a Stop Loss to preserve profit or loss.
However, if it does not fall below the downtrend line, it is expected to rise, so careful trading is necessary.
If the rise to 385.17484804-431.48384663 gains support, it is expected to lead to further gains.
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(KSMBTC 1W chart)
(1D chart)
We have to see if we can make a sidewalk in the 7549 Satoshi-9502 Satoshi section.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, we need to make sure we get support in the 6898 Satoshi-7549 Satoshi section.
If you fall at the 6898 Satoshi branch, you need Stop Lsos to preserve profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Kusama (KSM) - May 7Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(KSMUSD 1W chart)
(1D chart)
We need to see if we can get support at 431.48384663 and move above the uptrend line.
If it goes down, you need to make sure you get support at 385.17484804.
If you go down at 292.55684530, you need Stop Loss to preserve your profit and loss.
It remains to be seen if the green of OBV in the volume indicator increases.
On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line.
------------------------------------
(KSMBTC 1W chart)
(1D chart)
We have to see if we can get support and ascend at the 7774 Satoshi branch.
If it falls, it remains to be seen if it can gain support at the 7549 Satoshi spot and climb along the uptrend line.
On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Kusama ready to flyKSM has been in a mega uptrend vs BTC for a long time, an especially vs USD. This year it made a new ATH vs BTC and currently it just retested some key levels both vs BTC and USD. It is now back above its 50 DMA and the monthly P looking very strong. Could easily hit R3 relatively soon. In my opinion Polkadot is also bullish which is definitely a plus! Maybe Polkadot and Kusama get listed on Coinbase together and we get a nice pump for both when that happens.
KSMUSDT - Kusama --> Emtry for 20%+ ProfitsFirstly we need to look at the fundamentals behind this trade:
DOT (Polkadot, #8 ranked crypto) is gearing up on KRAKEN exchange to go live with slot auctions for parachain. Kusama is one of the top projects people believe will be getting a parachain slot. Kusama acts as a testnet for new projects on DOT, an essential piece of the ecosystem puzzle.
Basically what we have here is buy the hype, sell the news. DOT have been talking about parachain auctions for a while, the fact KRAKEN exchange twitter is finally starting to pump out some marketing about it... I think we are close.
Now that BTC has pumped, if we don't dump like the dickens, then we have fantastic conditions for a KSM (and also DOT) bullrun.
My trade is measured for short term profits, imho if you get in and up 10% in this trade... HODL! Just hold on, I think the play needs to be = let it ride.
-=-=-=-=-=-=-
KSM TRADE
-=-=-=-=-=-=-
BUY: 400 to 405
TARGET: 500
STOP: 5% however you need to see how it retests trend line, if it does.
-=-=-=-=-=-=-
--==--==--==--
Fundamentals
--==--==--==--
Rank #45
Market Cap = $3,467,196,719
Polkadot Ecosystem
Supply: 9,651,217
--==--==--==----==--==--==--
KSM/BTC 1D. Bullflag breakout?Kusama looks nice here for a potential long. But, although breaking out and looking good on the 1 hour the safest long trade would be taken after price closes above the 0.00758657 level.
All subject to the Big Boss....Bitcoin!
I HODL Kusama and look for best entries to trade with a small account. It's all about risk, reward, patience and account management.
Kusama (KSM) - April 19Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
----------------------------------
(KSMUSD 1W chart)
We have to see if we can go up along the uptrend line.
(1D chart)
We need to see if we can get support at the 385.17484804-431.48384663 section and get off the downtrend line.
If you go down at 292.55684530, you need Stop Loss to preserve profit and loss
If the CCI line falls below 100 points on the CCI-RC indicator, volatility may occur, so careful trading is necessary.
--------------------------------------
(KSMBTC 1D chart)
It remains to be seen if it is supported by the 6898 Satoshi-7549 Satoshi section and can climb along the uptrend line.
If you fall at the 5596 Satoshi branch, you need Stop Loss to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
KUSAMA COMEBACK: new ATH is coming!KUSAMA recently had a very strong rally (check my last update) but was overextended very quickly and as said almost fell off my chart.
Now we just came out of a 26% correction and consolidation and we saw strong support coming and quickly pushing KSM out of the traingle.
Currently KSM is retesting support to blast off potentially to a new ATH against BTC but at the very least a new 15-25% pump!
You might wonder why KSM is so volatile? This is because KSM is very scarce 10m tokens max supply, mostly in wallets of blockchain projects that will/want to use KSM's parachains.
The token is meant for governance and thus very important for future Kusama "clients" to hodl and have influence over the direction of the project.
Like I said in my last update; KSM is governance gold and the price will easily pass 1000$ this year but I expect much more than that.
One the parachain auctions start and projects win a parachain, more demand for KSM will arrive for future governance of the Kusama ecosystem.
(check the links below or my profile for more bullish alts)
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Kusama KSMBTC 55%+ expected return over the next weekHello everyone
the purpose of this post is to support my previous trading Idea, if haven't seen it I recommend you have a look at it first(link attached). first let me briefly describe what you are seeing on the chart. In white you can see the price of KSMBTC , while in black that's the set of technical indicators that I'm using. this set is composed of simple moving averages with the following period lengths (20, 40 ,80,160,320,640,1280,2560,4999). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H+L)/2 OF 2H candle sticks. this chart covers the last 6 months.
Now, let's get to how I got this prediction. basically this setup has two modes; compressed which is the buy zone and, stretched which is the sell zone. the compressed mode is when the price and short-term moving averages get closer to the longer-term moving averages, while the stretched mode is when the price and short-term moving averages get further away from the longer-term moving averages. to trade this, the more compressed it is the more you buy and the more stretched it is the more you sell while in between you just freeze. Now if you look at the chart you will find KSMBTC is in the compressed mode and you will see that it has very nice long-term trend, it doubles on average every 60 days (will explain how to quantify trend strength in next posts) which means that you are buying a very undervalued asset.
with all that said my conclusion is that KUSAMA ( KSMBTC ) is expected to be one of the best performing crypto-assets in the next week or two.
please follow and get in touch if you have any questions. also If you like my ideas and you have a job for me or you just want to tip me please find attached my KSM wallet address bellow:
FB1nskJ4bcR2aACtrmAEjMJUcbRhqTjNUWrvh2Qvm1dpCWV
your support is much appreciated.
thanks
Mustafa
Kusama KSMBTC 55%+ expected return over the next weekHello everyone
the purpose of this post is to support my previous trading Idea, if haven't seen it I recommend you have a look at it first. first let me briefly describe what you are seeing on the chart. In white you can see the price of KSMBTC , while in black that's the set of technical indicators that I'm using. this set is composed of simple moving averages with the following period lengths (20, 40 ,80,160,320,640,1280,2560,4999). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H+L)/2 OF 2H candle sticks. this chart covers the last 6 months.
Now, let's get to how I got this prediction. basically this setup has two modes; compressed which is the buy zone and, stretched which is the sell zone. the compressed mode is when the price and short-term moving averages get closer to the longer-term moving averages, while the stretched mode is when the price and short-term moving averages get further away from the longer-term moving averages. to trade this, the more compressed it is the more you buy and the more stretched it is the more you sell while in between you just freeze. Now if you look at the chart you will find KSMBTC is in the compressed mode and you will see that it has very nice long-term trend, it doubles on average every 60 days (will explain how to quantify trend strength in next posts) which means that you are buying a very undervalued asset.
with all that said my conclusion is that KUSAMA ( KSMBTC ) is expected to be one of the best performing crypto-assets in the next week or two.
please follow and get in touch if you have any questions. also If you like my ideas and you have a job for me or you just want to tip me please find attached my KSM wallet address bellow:
FB1nskJ4bcR2aACtrmAEjMJUcbRhqTjNUWrvh2Qvm1dpCWV
your support is much appreciated.
thanks
KSM: utility and governance goldKUSAMA
KSM, the official test net of Polkadot is one of the most fundamentally strong projects in crypto. (research why yourself)
With the launch of their parachains and full testnet we basically see a roll out of Polkadot v1.0 with numerous clients and partners.
Although it is a testnet; it does offer the full Polkadot feature set and is the first one to launch innovations...
LONG TERM
The governance / utility token KSM is an amazing scarce asset with great token economics (most of them released) and is still undervalued in marketcap.
By the end of the year I expect Kusama to be between a 15 and 20bn marketcap, but even more is possible depending on adoption.
Long term KSM tokens will be like governance gold and I expect Polkadot and Kusama to play a major role in Web 3.0, Defi and intra-chain connectivity.
I definitely see KSM and DOT both respectively push projects like ADA, THETA , DOGE, BCH, LUNA and LTC from the top spots.
TOKEN ECONOMICS
Market Cap: $4,155,693,549
24 Hour Trading Vol: $548,112,535
24h Low / 24h High: $413.74 / $501.87
Circulating Supply: 8,980,098 / 10,000,000
Fully Diluted Valuation: $4,627,670,561
Max Supply: 10,000,000
MID / SHORT TERM
In the mid / short term we can see more growth for KSM and I see Kusama outperfom BTC, ETH and other major alts for the next 4 to 6 weeks - with a price target of 600$ (+30%) in that same time.
KUSAMA - Chart says 'Good to Buy again!'Hi everyone,
Last month we had presented Kusama as one of our picks and we did well.
Price has now corrected and technically looks like a good new entry price.
Fundamentally you can read about Kusama here , it is Polkadot's Canary Network and given that Polkadot has a limited number of projects/tokens that it can take under it's roof, Kusama will be taking the rest. Tokens will need to bid to get one of Polkadot's spots- that's a clever idea inspired by the Theory of games and the Kusama game is a game I would like to play again today!
One Love,
the FXPROFESSOR