Kucoin
BTC Bull Run 0.81-2.1% 01 31 2023If you love the spot-on analysis done so far, please boost, share, comment, and follow for more.
This strategy is also used Live by Green Lion Capital Social Trading on Zignaly.
Despite the exciting start to the new year with the BTC price surge, one must be careful at this stage in the price movement cycle. It appears that the market is attempting to test $24,000. Based on a private 6-hour chart layout, we might be overbought and preparing to head down to $20,000. Of course, before we head to that price level, we will experience small bull run opportunities like this on our way down to that level.
For this chart, our oversold price point was $23,050 and we are anticipating a potential max of 2% upward price movement for BTCUSDT. Confirmations were made on the 5 minutes chart and 3 minutes chart.
*** Disclaimer: a second non-public chart layout was used to officially confirm this oversold point.
Safe points to take profit:
T1: 0.81%
T2: 1.58%
T3: 2.1%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
3min chart confirmation: white MA crossing up yellow while above lowed dotted white line.
5min chart confirmation: vwap greater than lower dotted white line while with three candle confirmations above the white ma.
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
OPUSDT 1HR KUCOIN - 24 hour Update from postingOPUSDT 1HR KUCOIN - 24 hour Update from posting
Looking good so far. Had a bounce below entry but did not hit stop loss. Good enough for me!
Putting in Higher Highs and Higher Lows on the 1 HR.
Will see how things go in the next few hours, may close it out before the FOMC announcement.
Bearish DivergenceLooks like BTC is losing its momentum. I believe this is just part of a relief rally and that we will soon be heading back to the downside. We have formed bearish divergence on the 4H as well as 1D timeframes. We see that RSI has been trending downwards since the initial pump. We could see a little fakeout to the upside first, but I think that tomorrow will be a red sunday.
Thank you for viewing my post!
BTC Bearish 1.11 to 3.56% 01 23 2023If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. Strategy currently in use by Green Lion Capital Social Trading on Zignaly.
This overbought point was determined using a private chart strategy. In this chart, the entry zone is identified. The general overbought price is $22,888. A lot of people are wondering what caused this rally, just from experience and what I've observed, I think this rally was an attempt to liquidate a lot of short positions. Naturally, a lot of people believed there is no way BTC is rallying to $23k given how the economy is looking and the ongoing layoffs. Institutional investors and potentially exchanges took advantage and used this to rally the price to liquidate people who might have placed high-leverage short trade too early. The potential Take profits for this short trend are outlined below.
Safe points to take profit:
T1: 1.11%
T2: 1.53%
T3: 2.04%
T4: 3.56%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
✴️ Axie Infinity Chart Update | Success Is Yours!This is an update to the trade idea shared Dec 5, 2022, see below:
Since our last update, Axie Infinity (AXSUSDT) produced a retrace which is healthy and is now back above our starting price.
As you can see from the previous chart, the price action remains within our numbers, trading stays above support.
Since a lower high has been confirmed, the doors open for a higher high on the next jump, this is where we stand at right now, waiting for higher prices.
This is the reason why patience is key... It takes time for these things to grow.
Diversification is also very important, because while one stays behind the other one moves ahead... It is impossible to predict which ones will move first.
The market movers tend to push those that the least people hold, so even if you find a great chart and many people buy-it, it is pushed to the end of the line and one with less attention grows.
With diversification, we can split the capital into multiple pairs.
While one wait the other grows... While one grows the other retraces.
Through the whole process we remain centered, conscious and patient.
When we win, we increase our position size and risk.
When we lose, we cut back and slow down to see what went wrong.
Never double up on a loss.
Feel free to expand if success is yours .
Namaste.
✴️ Tezos Perfect Prediction | What Comes Next?Here is the chart for Tezos (XTZUSDT) from December 10, 2022, going perfectly as predicted...
Not trying to brag or show off, just sharing this to say, if we can predict the bottom, we can also predict the next wave up.
Brace yourself... Cryptocurrency is about to turn wild, crazy, amazing, profitable and extremely fun.
Namaste.
✴️ Dogecoin Strong Support Being ChallengedA very strong support level is being challenged on the Dogecoin chart and we have a way to look at this in a positive way... To make it good news.
We see a confluence of moving averages.
EMA10, EMA21, EMA50, EMA100 all within the 0.0797 to 0.0812 price range... Making this a very important level.
On 18-January we had an ugly looking, strong rejection, bearish candle.
This session closed below all the moving averages sending a bearish signal... The good news, the next day DOGEUSDT moved and close back above this level and today it is trading above it, green.
Trading above this level is important and good as it will open the door for the next bullish jump.
In the case that there is a drop, we still have MA200 at 0.0748 as the next support.
The bulls are ahead... Patience is key!
We should see positive results within just a few days... Not more.
Namaste.
✴️ Everscale | Another Inverted Hammer SignalThe inverted hammer (ihammer) candlestick pattern also came up on the Lisk (LSKUSDT) chart, it signals the bottom of a trend.
After the bottom is hit the trend changes which can lead to years of growth.
I am pointing it out because it is a solid signal and easy to spot.
To be valid it only needs to come out at support/low prices, at the bottom of a trend.
Notice the descending channel... That's the downtrend.
Then prices go flat and a hammer candlestick shows up with high volume.
The next candle/session we see prices moving above EMA10.
The RSI starts to raise... You can see the pattern.
Visit the Lisk trade idea so you can use it as comparison.
I hope you find this useful... Thanks for the support.
Namaste.
Kucoin Special | KCSKucoin has been a pretty solid exchange, their API is fast and responsive with no real downtime or crashing issues unlike some of those other guys (ahem . . Freebase . . I mean Coinbreaks, etc.)
Their native token KCS is a beauty. I had a previous idea posted for it but it's not showing in my ideas stream for some reason. I tend to use charting tools in unorthodox ways but I make them work for the sake of profitability. My previous featured this larger pitchfork and I'd set my 3rd point on a purely theoretical / eyeball basis. Turned out to be spot on.
If you follow any of my ideas then you know I pretty much just rely on Fibonacci, Pitchforks, Harmonics, Trendlines, 50/200 EMA's and Volume for my forecasting. The rest is literally eyeball, some light fundamentals which both lead AND lag price actions and then the last bit is intuition and having seen enough to know the good/bad when it comes to price direction.
I'm not 100%, most people aren't but I do well enough to outperform the masses and even of you're 51% right, you're still making good trades.
Enjoy!
* * * Not Investment Advice * * *
Box
✴️ Polygon Hits Perfectly First Resistance, Next Target Mapped It is hard to belief we haven't revisit Polygon since December 20... Yet it is my pleasure to share a new update for you but first, the previous trade idea to know where we are at:
✴️ Polygon Has Bullish Potential | Can Grow 100%+
Our resistance was hit perfectly and all the indicators are flashing green.
The RSI is trending up strong.
Before making the mistake to think that it will become overbought just zoom out and look at the weekly timeframe... Things are only getting started.
Always do this, when you see the daily timeframe looking over-extended, before reaching any conclusions first zoom out and you might get a new perspective.
Weekly MATICUSDT is moving above EMA50.
Closing and staying above this level is a very strong bullish signal.
Now, we are trading within higher low territory as we already know we can now aim/look forward to the next high.
There are many ways to extract targets/resistance levels but Fib. is our preferred tool.
This is giving us a potential target at $1.65 for 66%.
Very convincing...
It all looks really good but...
Remember, things can always change.
So we prepare for both scenarios, always.
What to do is prices go up, how much to sell and when to sell...
What to do if the chart changes and moves the other way... It is wise to prepare before-hand.
Nothing to lose, much to gain.
Namaste.
BTC Bull Run 0.83-3.36% 01 12 2023If you love the spot-on analysis done so far, please boost, share, comment, and follow for more.
This strategy is also used Live by Green Lion Capital Social Trading on Zignaly.
As stated in my previous analysis, I emphasized my bullish sentiment and went even further to indicate the potential oversold level. The market played nicely into this prediction. The market is currently in a space where institutions/whales might leverage the fatigues that have built up in anticipation of a bullish BTC run and use this as an opportunity to get more volume into the market before they take profit and thus prompt a reversal to find an all-time low for 2022/2023. Unfortunately, a lot of leverage positions will be liquidated as a result of this move.
For the current play, we oversold at $18,890. There are three potential take-profit points outlined below. As of this moment, I'm bearish.
Do we still have room to revisit this level before finding an all-time low for 2022/2023? Absolutely!
*** Disclaimer: a second non-public chart layout was used to officially confirm this oversold point.
Safe points to take profit:
T1: 0.83%
T2: 1.17%
T3: 3.36%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
✴️ NEAR Protocol | BULLS ConfirmedNEAR started the year challenging EMA50... The first time being 5th January.
NEARUSDT fought with this resistance for a few days until yesterday, 11-Jan., when the bullish bias was confirmed through a full green candle... when this level was conquered.
Oh wait... This is was supposed to be an update to this previous trade idea, see below:
We already predicted that NEAR Protocol hit bottom... No surprise now it goes up; More to come!
Patience is key.
Namaste.
✴️ Litecoin | BULLS ConfirmedToday's Litecoin hits a new high and recently posted the highest daily close since May 2022.
Extreme bullishness is the only way to define this chart as Litecoin is now trading above EMA300.
Litecoin bulls confirms the bullish bias across the entire cryptocurrency market.
Expect Cardano to continue rising.
Expect XRP to grow strong.
Dogecoin, Shiba, Ethereum, Bitcoin and all the altcoins as well.
Next target $98, then $113, $130 and finally $190.
Namaste.
JasmyCoin Chart AnalysisThe thing about the altcoins vs USD/USDT is that most of them move just like Bitcoin and this is the case with JasmyCoin (JASMYUSDT).
I am doing this analysis on the request of @Jay3000, a precious follower of ours.
So, the chart is the same as Bitcoin.
Peak/All-Time High in November 2021 followed by a major downtrend.
Lower low with lower highs.
There is just one question possible here, is the downtrend over?
Is the bear market over?
Impossible to figure out from the chart.
We only know after the bottom is in.
We can only know when the bottom is in/confirmed when the downtrend is broken.
As long as the downtrend remains active, our bias remains with the trend.
We can expect lower prices until the downtrend ends.
What to expect?
It is likely we see another major drop as the bear market climax or the bottom can... This is just guessing ...
Here is what the chart says:
- Above $0.0065, the bulls can move ahead.
- Any trading below this level and the bear market hasn't end.
I hope that helps.
Namaste.
✴️ JasmyCoin Update by Request (350% Profits Potential)I see your interest in this altcoin pair and acknowledge it, so here is the update as requested.
We look at the chart fresh/new, even though the last trade idea was good.
We have the major downtrend taking place for JasmyCoin (JASMYUSDT) since November 2021, here we are looking at it since March 2022.
Since March 2022 a long-term bullish divergence has been building up on the RSI.
A stronger bullish divergence came in again from October 2022 vs the current December 2022 low.
JASMYUSDT hit a strong lower low between these two dates while the RSI hit a strong higher low.
So the yellow cup on the chart is the 'liquidity hunt'/stop-loss hunt move by the market.
A new low is hit but prices quickly recover and this is marked with a bullish divergence on the RSI, which confirms that JasmyCoin is not due to go lower but instead the market was looking for needed liquidity.
Now that this has been taken care of, the trend can change... Or so the signals are saying.
We have a very strong RSI at 60.
A strong RSI near support/low prices is a heavy signal, it is worth a lot.
JASMYUSDT is also now trading above EMA50, another very strong signal.
And the major down-trendline here marked as a falling wedge pattern has also been broken.
All this opens the door to higher prices.
Knowing this, reading these signals one would be tempted to take action.
Here is how a professional or experienced trader would go about using this information:
1) Buy with a bullish bias (anticipating prices will grow).
The targets are on the chart, if it grows then sell according to his/her own system/strategy.
2) Control risk/define risk.
A short-term stop-loss can be used around 0.00335.
(If prices move and close below this level, close the trade).
A stronger stop-loss can be used around 0.00273.
(If prices move and close below this level, close the trade).
This experienced trader did the job.
He bought with the right signals and defined his risk in case things go wrong.
If there is a bullish follow up, then we are green and the rest is to enjoy the ride on the way up.
This is not financial advise.
I am sharing my experience, views and opinion.. Initial, I was just reading the chart.
Thank you for your continued support.
Namaste.