Kucoin
✳️ Fantom vs Bitcoin 1.1 Months Later...Here is an update for a pair that we shared late November... A little over a month ago.
Fantom (FTMBTC) continues with a bullish bias.
It is growing slowly and steadily as it should.
While uncertainty can be seen with major pairs/altcoins, the smaller ones paint a clear picture.
After the low is in, we get a long drawn out accumulation phase before the next bullish wave starts.
On the daily timeframe, FTMBTC is trading back above EMA50 giving it mid-term bullish potential. This supports our view of a bullish Q1 2023.
We can see similar charts across hundreds if not thousands of pairs.
Meaning, higher lows positioned for a higher high since the June/July 2022 low.
Some altcoins hit their lows in November and these two are set to grow in the months ahead.
Here is the previous chart, 28-Nov-2022, see for yourself: Fantom vs Bitcoin Moves Above EMA50 (85% Target Mapped)
It takes time...
Patience is key.
Namaste.
✴️ Fantom Looking Like July 2021... 2,180% Wave To Go UP!Back in July 2021 Fantom hit bottom vs Tether (FTMUSDT).
This bottom was marked by a hammer candlestick and what followed was a 2,180% bullish wave.
This wave lasted 98 days.
The bear market started right after and has been going for 434 days.
A huge 95% correction (-95.29%) from the All-Time High...
If the low is confirmed at 21-November-2022, then the total duration would be set at 392 days.
Now, with Fantom looking like July 2021, we have to prepare for the next bullish wave.
We have a higher low long-term so a higher high is still in place.
It will take years to get there... We are at the bottom now...
Once we hit bottom, the only one place left to go is... 👆
Namaste.
Soon we will see a good pump in the ALPINE currencyHi Guys
How are you today
Soon we will see a strong pump in the ALPINE currency according to the chart, the chart is in a triangle, and according to the analysis, it will break the triangle upwards and reach the specified price targets, which are shown in purple color as resistance.
The suitable price target for selling is $10, which is in our third resistance chart. In the same way, it is possible that the price will reach the next resistance, which in any case, capital management is recommended.
R/R : 15.6
TP : 319 %
SL :21 %
Don't forget to like and comment ...
Bitcoin : Be Ready for the next moves Good Day Everyone
Bitcoin's Consolidation at 28/28.5k Areas Suggests Possible Retest of 25k Areas
Bitcoin, the world's most popular cryptocurrency, has been consolidating in the 28/28.5k areas for some time now. This consolidation phase suggests that a possible downside move may be in the cards, with the 25k areas being the likely target for a retest.
One of the key indicators that support this bearish scenario is the RSI (Relative Strength Index), which is currently in overbought territory on the daily timeframe, with readings above 60 points. This level of RSI typically suggests that an asset is due for a corrective move.
Furthermore, the wave 5, which was previously discussed, is now completed, and any further extension would require a breakout above the 29k areas. However, the current price movements and volume do not seem to support such an upward move anytime soon.
Given the current market conditions, the best trading strategy, in my opinion, would be to sell around the 28.4/28.5k areas, with a stop-loss set above 29k. For those trading on leverage, it is advisable to use a low leverage of 3-5x maximum to minimize potential losses.
Overall, while there is still some uncertainty in the crypto market, the consolidation phase at the 28/28.5k areas and the overbought RSI suggest that a corrective move may be imminent, with the 25k areas being a likely target for a retest. As always, it is crucial to stay up-to-date with the latest market developments and adjust trading strategies accordingly.
Good Luck And Have A Nice Weekend
FRR May Explode Soon!Hi Traders.
This is my personal opinion about FRR and Don't Use It As A Financial Advice.
Based On Many Reasons, I believe FRR Will Experience A Sharp And Huge Upward Move Soon.
Targets :
0.00016
0.0025
1- As You Can See In The Chart Below, It Touches The 1.618 Trend-Based Fib Extension With The Most Huge Volume That Ever Recorded For FRR. 0.0001 IS Also Known As A Psychological Support Level Too. Seeing Such A Huge Volume Exactly On the 1.618 Level, Is A Sign of a Possible Reversal Move.
2- Obviously, It's Forming a Great Bullish Rsi divergence in The Weekly Timeframe That Could Be Another Sign For This Possible Upward Move.
3- Believe it Or Not, There is An Unwritten Rule About The Ichimoku. The Price Always have desire to Go Back And Touch ( Fill ) The V Shaped Tenkan-Sen Or Even Kijun-sen! Mark My Word. As you Can See In The chart below, There Is a V Shaped Tenkan-Sen That Needs To Get Filled On The 0.0025 soon Or Later.
4- In The Fib channel Below, The Price Is On the Middle Of This channel And As You May Know, The Middle ( 1.5 Fib Level ) Is Always Consider As a Support. If It Breaks, The Next Target For The Fall Would Be 2 Fib Level Which is Around 0.00004-0.00005 And It's The Mega support.
5- Keep It simple Guys! The N Shape Classic Patterns Must Complete! The Downward Move is Going to End And The Corrective Wave Must be Formed. The corrective Wave is The Upward And The Last Part of This N Classic Pattern!
6- Look At The Reverted Chart. obviously It's On a Strong Resistance! If It Was the Right chart, You Would Buy it at This Level in Hope of a Break-Out And Think That It Goes For Fly To The Moon And Never Stops?! Think about that...
7- If You Look Into The Community of This Shit-coin, You Can See Everyone is Screaming And Crying and Make Rumors And Nonsense! This is Another sign that The Bottom Is Forming Or We are Very Close To it!
Anyway, Until FRR Is Below This Main Resistance in Daily Timeframe, The Trend Will Remain Downward. In Order To Reverse The Trend into a Sweet Long-Term Upward Move, It Needs To Break This Main Resistance.
Any short-Term Upward Move will Consider As Just a Corrective Wave and The Trend Will Remain descending.
Once Again, This Was Not a Financial Advice And Do your Own Research, Specially For such a Shit-Coin That Could Get Delisted From Exchanges At Any Moment!
KCS - Wait For The Bulls! ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
KCS is currently stuck inside a range in the shape of a rising broadening wedge pattern in red.
Now KCS is approaching the lower bound of the range.
As per my trading style:
As KCS approaches the lower red trendline, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
🏹 Long-Term
For the bulls to over from a long-term perspective, we need a break above the range upward.
Which scenario do you think is more probable and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Wtc Getting ready for Massive BreakoutSeems Like Wtc Getting Ready for Massive breakout
Testing trendline In 2day Timeframe Incase Of breakout expecting 120 to 140% bullish move
OP Optimism 3HR Optimism has been a great performer!
Could be in a falling Wedge/Triangle... but does have a double top that maybe already played out?1? <---
We do have Bitcoin that needs to cool off a bit with Dominance looking to pull back soon... when it does the alt coins will run better...
OP has a solid project, good coin to DCA for longer term hold IMO <---
Keeping an eye on this one
Good Luck Out There!
KCS - Long-Term View! 🔍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups around the 5-6 support zone.
KCS rejected the 6.0 support zone and traded higher.
🏹 For the bulls to take over long-term , we need a break above the last weekly major high in gray around 11.5
Meanwhile, if KCS retests the 6-7 support again, we will be looking for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
What are the ways to profit from choosing an exchange wisely?Previously, we wrote about the free bonuses that exchanges provide us and how they ensure the speed of transactions and minimal slippage . In this idea we will talk about the interface of exchanges, the terminal and what are the main types of orders that should be on any terminal nowadays.
An interface of a cryptocurrency exchange should be user-friendly. We won’t use any product or service which repels us by its “packaging” on first impression. So let's check the most common mistakes and so called red-flags that exchanges make in their interface:
Cluttered Interface. This can make it difficult for us as users to navigate the exchange and find the information we need
Poor Navigation. If we can't easily find what we're looking for, we're likely to become frustrated and leave the exchange. It's important for exchanges to have clear and intuitive navigation
Lack of Mobile Optimization. You have already known all the importance of mobile-optimized interface. (Mobile devices were responsible for 43% of all cryptocurrency transactions in 2022)
Confusing Terminology. Cryptocurrency can be complex, especially for newbies. It's important to use clear and simple language to help everyone understand the exchange
Slow Load Times. Finally, slow load times can be a major issue for cryptocurrency exchanges. If we have to wait too long for pages to load, we are going to live very soon
In a current market with many “players” it's hard to get a user with only a quality design and interface and here we come to another important point for traders - types of orders and options for it . It is important to have many different types because it allows us to execute trades in a way that best suits trading strategy and risk tolerance. Here is the list of the most popular and in the meantime significant ones:
1. Market order: buy or sell a given instrument at the market price. The price for these types of orders is defined as the best price available on the market at the point of time the order is being placed. Since the price changes constantly, the total price and fees are provided as estimates rather than exact values.
2. Limit order: execute a trade at a specified price or better (limit price). A Limit order to buy would be at the limit price or lower, and a Limit order to sell would be at the limit price or higher.
Subtypes of limit orders:
Good-Till-Cancelled - lasts until the order is completed or canceled.
Day - automatically expires if not executed on the day the order was placed.
Good-Till-Date/Time - automatically expires at the specified date and time.
Fill-Or-Kill - must be executed immediately in its entirety; otherwise the entire order will be canceled
Immediate-Or-Cancel - must be executed immediately. Any part of an IOC order that cannot be filled immediately will be canceled.
3. Scaled orders: you can set multiple orders at once. This lets you implement the most sophisticated trading strategies with ease. For example, if you'd like to consistently sell portions of some currency in case its price is increasing. Usually, you would have to create a whole lot of sell orders manually, specifying the desired amount, and the price each time. With Scaled orders, you can noticeably speed up this process.
Now a little bit about options:
A Stop-loss option on your orders helps with minimising risks attached to trading. This option is available for Market and Limit orders with a preselected Stop option, which ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price.
A Take-profit option on your orders helps with consolidating your gains from trading. This condition is available for Market and Limit orders with a preselected 'Stop' condition — a condition that ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price.
A Post only option ensures that your limit order will be added to the order book and not match with a pre-existing order. If your order would cause a match with a pre-existing order, your post-only limit order will be canceled. The 'Post' only option guarantees that you will pay the maker fee and not the taker fee unless matched with a hidden order.
A Reduce only option enables you to create buy and sell orders meant to reduce an existing position without opening an opposite long or short position worth more than the current value of your leveraged assets. This essentially means that you will not be able to execute more than the size of your position, allowing you to trade without risking over-exposure of your assets.
In conclusion, it’s crucial for you to choose exchanges that have a user-friendly interface and a variety of order types. It can help execute trades more efficiently and with greater precision, leading to a better overall trading experience.
Thanks for reading! Write in a comment what other important points you pay attention to when choosing an exchange
#MAN/USDT Technical Analysis Chart Update for Scalping#MAN/USDT Technical Analysis
MAN/USDT is currently trading at $0.0462 and the scalping chart suggests a potential profit of 7% to 37%. Based on this analysis, it is recommended to enter the market only if the price hits $0.047032. After entering the market, it is advisable to set a stop-loss order at $0.044 to limit potential losses in case the market moves against the trade.
The recommended price targets are $0.050, $0.0539, $0.0578, and $0.064 with a timeframe of 5-15 days. However, it is important to note that these targets are based on technical analysis and market conditions can change quickly, so it is important to constantly monitor the market and adjust the strategy accordingly.
Additionally, it is recommended to ignore volatile wick movements as they may not represent the overall market trend. Always practice proper risk management and only invest what you can afford to lose.
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