FTM 31 OctFor #FTM, if price breaks 0.255, I expect to reach 0.21 and buy for a target of 0.38-0.40.
Layer1
#NEAR is positioning itself for a W pattern to ~ $10Early stages of the W being formed.
But this gives us a clear level which negates this idea... the most recent local lows.
Currently long NEAR on spot and low leverage futures.
I like what i'm seeing on the development of this ecosystem , and believe it will thrive in the next cycle.
Pullback and moving down to in range 15-13KOn daily chart,
Bitcoin ( BINANCE:BTCUSDT ) still in the descending channel.
Right now, it's trading around 21200.
BTC has reached to 25200 and crashed after that. Wave A and B had completed and Wave C has been happening with target in range 29 - 33K.
If price reject at those level, that's a 4th wave. We can hope bitcoin will move down 15-13K to complete a fifth wave.
Let's wait and see
A good chance, over 172% profitableOn weekly chart,
BINANCE:1INCHUSDT has touched a support and bounce back.
Right now, it's trading at 0.73
Besides, it's broken out Descending Channel. This signal is good for bullish.
Resistance of mid-term at 2.0
On 2H TF, we can join the race when it's testing.
Let's wait and see.
BRISE - possibly a 30 to 50% pump coming with CEX listing!I was watching for coins or tokens to purchase if BTC would crash, I looked at Solana and saw market cap is still 11 billion. I thought, well, lets look for fastest blockchains, maybe there is a new one. I found Brise, then I saw it went up by 300% in a couple of weeks. I looked in the Telegram and saw there was a CEX listing coming, then I decided to open a chart, and what do we see. This blockchain is faster than Solana, has a market cap of 300 million at 0.0000009 and supply of 474T.
- cup and handle formation
- ascending triangle
RSI shows slight bullish divergence, with overbought conditions. I expect a 30 to 50% pump within a week! DYOR.
Resistance | Third wave | 1.272 FibEx - $300On 2H TF
Binance Chain ( BINANCE:BNBUSDT is in Ascending Channel. It's at 265
I figure out a support in range 229 - 237 equal 0.5 FibRe and 0.618 FibRe. We can trader in lower timeframes with these support.
Besides, BNB's dropped out twice nearly 13% and 16%.
So, two support at 229 and 237.
Elliott Wave Theory
- Invalidation Level below 215. Target of next downward at 150.
- Target of third wave at 300
Let's wait and see
ADA Bullish 50% Set-Up!!!ADA is currently still trading close to the bottom of its range. When this coin decides to get bullish , a 50% gain can and I think will follow to the top of the range as long as BTC continues its bullish momentum. ETH seems to be the one leading this current rally. IMO this is a great entry price for ADA.
Every day the charts provide new information. You have to adjust or get REKT.
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Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
In zigzag wave with target at 52On 2H TF
Solana's completed wave A at 42.96 and wave B at 31
Right now, the 1st wave of wave C is happening.
We have a target of wave C at 52.15 by wave C = 1.382 Wave A. So, patience!
#TRADING:
Open Long Order around 33
SL 30.5
TP 52
After the correction wave'll done, last down wave will be continue.
Time will tell
SOL TARGET "SUPPORT" LEVELS...What's a reasonable point to start accumulating SOL? .... I'm asking because really I have no idea.
First of all, I think it's way too early to be accumulating anything other than BTC and ETH.
I feel like SOL has one of the stronger communities, lots of Devs building on it, etc, but the damn chain keeps going down... that's not supposed to happen in a bear market when there's barely any volume compared to bull times.
Could just be "growing pains" yada yada... I get it. But still, with more bad news than good, in these conditions, it's hard for me to feel bullish about it. Or maybe I'm falling for the FUD, I don't know.
Since I have zero alpha on SOL, I'll just use technicals:
I feel like $22 is the last line of defense with strong previous support.
If we lose that, I'll be looking at $12. I'm not sure how strong that support really is, but since I know some traders will be eagerly awaiting sub $10 entries, the market may frontrun and disappoint them.
If we lose $10, we're in mega bear territory. I dread to think what the rest of the market will look like, but in that scenario, I think $4 would be a reasonable level to enter and will probably pay off big time within a couple years.
What do you think?
Good correction for next wave, come back to 7.5On 30m TF
WAVES has reached 11.6 to complete a impulse wave with golden ratio at fourth wave.
Right now, it's trading around 9.0
Wave C = 1.236 Wave A
It's price at 7.75
What next, wait and see
Drop and drop, support at previous ATH on 2018For a year, Ethereum BINANCE:ETHUSDT has dropped 65% from All Time High.
Right now, ETH is trading around 1,700.
It's creating a falling wedge. If ETH's perfect breakout, forget 1,400. Otherwise, we just catch it.
Scenario come back to 1,400 is more likely.
What next, wait and see
Is the Bottom in for XTZ??? Might get in trouble for sharing this little dose of hopium because the recent downtrend definitely does not support it... but screw it!!
Some very bullish news pumped XTZ's price last week when Ubisoft announced it would sell gaming NFTs on the Tezos network through marketplaces Objkt and Rarible, which just launched integration with tezos.
bitcoinist.com
Obviously, the whole altcoin market, more or less, is at the mercy of bitcoin, and the whole market is fearful right now. We are still technically in a macro uptrend, which means this might be an ideal time to buy... unless this is the start of another "crypto winter," or bear market. No one knows for sure, but either way, we will surely get a relief rally out of BTC & alts, even if it's only temporary.
XTZ has found local support. Pattern wise, this could potentially be an inverse Head & Shoulders; XTZ could also be at the bottom of an ascending channel, or could possibly form a diamond pattern, which could also build support for reversal ideas.
One should never try to force trades, but hey, it sure feels good to call the bottom ;)
Just remember to set stop losses.
happy trades,
CD
NEAR / BTC - Near Protocol LONGNear ProGE momentum - working, sharded Proof of Stake is already here ... plus the ENORMOUS investments being made by the cream of the VC crop into $NEAR
Put it this way:
Go LONG $NEAR Near Protocol - TA on the relative USDT & BTC charts are aligning for a massive breakout to the upside.....
Why I am NOT holding BITCOINThis above is the well known Bitcoin Dominance chart. It keeps making lower lows and lower highs.
I hold zero BTC in my portfolio.
In the scope of an investor, there are plenty other cryptos with much more potential. Bitcoin remains the safest cryptocurrency with its proof of work, but people are starting to understand that it has very limited use cases, very slow transaction speed, and cannot scale. In short, it is getting old and it is harder to get returns like 2x by holding BTC (that would mean a 100k BTC right now).
The FLIPPENING didn't happen, yet. But it is getting closer.
Current BTC marketcap is 882B while ETH is 420B.
We can't see much information on this chart, that is why I coded a simple indicator that put into perspective the progress of ETH getting over BTC in market cap. (You can get it on my profile scripts page)
The chart shows Bitcoin marketcap divived by Ethereum marketcap. On September 2019, Bitcoin's MarketCap hits ATH against ETH, by being 10 times bigger. Today, the ratio is about 2x only. When this ratio drops below 1, the FLIPPENING will happen.
We can easily draw a descending channel on the daily. This helps forecast an approximative date for said FLIPPENING: IF WE REMAIN IN THIS CHANNEL, THE FLIPPENING WILL HAPPEN BEFORE FEBRUARY 2023. A breakout is possible, but rather unlikely.
My point is: I don't want to miss the train. Some cryptocurrency projects are building the future of the internet RIGHT NOW, and bitcoin isn't. It is going to be replaced.
I will then be looking at some of the biggest layer 1 opponents which are popping off right now. I like to call them Bitcoin Destroyers.
Here is 8 of them:
All of them are beating Bitcoin right now and could stand a chance at replacing him in the long run.
Not financial advice, do your own research.
Is LUNA the lone BULL in a pack of BEARS?As an intra-day/intra week trader it's been tough recently to find enough space for profit without risking too much. So I decided to look through some of my published ideas and found my hit rate to be satisfactory with one call that was way way off. (link below)
So I was compelled to dig deeper and zoom out on LUNA/TERRA and see what the BIG PICTURE really is.
LUNA had a meteoric rise since December and has never really quit. It's velocity has continued in one direction upwards. Higher highs and higher lows continue to be set as this asset has cracked the top ten crypto market caps and, excluding stable coins, is only behind BTC, ETH, and BNB.
Just doing some back of the envelop math with a friend we calculated that LUNA, with BNB's market cap, would be priced around $170.
Outside of TA and price spec this asset/network is flush with features and apps that many of it's layer one competitors have failed to check off the list including:
1. UST - The only major USD stable coin that is decentralized and not back by cash and commercial paper (USDT, and USDC are) and has continued to be added to major exchanges and adopted by other chains.
2. Anchor protocol (ANC) - Offering a staggering 19.5% for UST blows competitors out of the water as far as stable coin yield % is concerned. The same protocol/app allows you do deposit bonded LUNA (bLUNA) and bonded eth (bETH) and borrow from them.
3. Mirror protocol (MIR) - First of its kind, mirror protocol allows you to get exposure to traditional finance equities like ALPHABET, AMAZON, and MICROSOFT. And commodities exposure through mirrored assets that track USO (United States Oil Fund), SLV (ishares silver trust), IAU (ishares gold trust).
To boot, all of these can be combined with an equal amount (in $ value) of UST and farmed on mirror protocol to earn MIR, or they can be borrowed from.
4. A handful of other earn/borrow decentralized apps like Valkyrie Protocol, Pylon Protocol, Mars Protocol, Orion Money, and PRISM)
5. TERRA has now become the 2nd largest, behind ETH, for TVL (total value locked)
6. NFTs (randomearth.io, KNOWEHERE, OnePlanet, Messier Art) and NFT gaming (levana, deviants factions)
7. Astroport and Terraswap - Next gen Automated market makers
8. StarTerra- Gamified Launchpad
9. Glow Lotto- a no lose savings/lottery platform where your deposit for entry is never lost
10. TNS - Terra Name Service, inspired by ens.domains
I have yield-farmed and/or single staked on Binance smart chain, Avalanche, Polygon, Fantom, Solana, Cronos, and Harmony One. By far, my experience in the Terra ecosystem has been the best, without question.
Maybe there are some other features I have left out, if you think I have leave some feedback.
This is of course my opinion, but I do believe that this asset will jump BNB and become a top 3 crypto. The technical analysis looks good, the network looks good, the value added features look good. I cannot really come up with any rise why LUNA doesn't have ample upside.
These are just my thoughts and opinions based on a decade plus experience in crypto-land. It is not meant to be financial advice. Please DYOR and trade at your own risk.
Signing off for now,
CryptoSlayer
ETH New Trading Range!When taking a look at the chart we can see that ETH has broken through a resistance, retested support, and is now trading above the s/r zone. This leads me to believe that the next push to 3.2k is very likely to happen as long as BTC remains bullish. We need ETH to stay above the red line to show that the bulls are still in control. If we do break below the white line represents the next support.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
SUPER Bullish Channel!The last time ETH was at the bottom of the channel, it slowly made its way back to test the top of the channel. This is looking like a great area to long with a stop-loss. If all goes well, you can generate great returns.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Crytpo Layer 1 Relative Strength Analysis & Recovery
This chart plots price action on a relative %age scale on Y-axis. Our main goal here is to plot %age decline or gains in leading Layer 1 coins as of Recovery moment on January 24rth on an hourly chart showing the relative difference in the strength of recovery across various layer 1 solutions. For those who want to isolate a few layer 1s in their portfolio, this analysis should give them quite some hints into which layer 1 solutions have the most Bulls backing behind them.
This in combination with overall dev community growth, a number of commits & the overall fundamentals of the layer 1 solution should give you enough idea about possible investment opportunities. For me, Flow, Solana, Polygon & STX shows significant higher interest in bulls than other layer 1 solutions.