IS BTC GOING INTO NEW SHORT - CHART SHOWS THISIts bitcoin and charts can change over time - also when there is new data, or whales choice a sideway.
At this moment depending on technical analysis, it can be that we can enter into a new breakdown trend.
At this moment there is still no confirmation of it - but if we stay below the 30K for some time, we could enter below 29K again.
we will follow the chart and see how this will play out.
The green line which normally should hit above-trend did not confirm.
LUNA
What's Next On APE (complete analysis)Interesting fact about the current APE situation here I give detailed analysis.
First, Ape breakdown from the overall 70% Fibonacci retracement which is unlikely, then it went further to break the 100% Fib. retracement again this is very unusual considering how bullish the APE market was but it happened due the the overall catalyst (BTC, UST, LUNA).
Now here comes the big question, are we done with the downtrend?
Yes we are. How?
On the right hand side you can see that a break of structure (BOS) occurred causing the manipulator, market monger, stop loss hunter (whatever name you give them) to take/provide liquidity, wait that's not enough, yea but I have more.
On the chart you can see where I annotate HL(higher low) and LL(lower low) while the RSI indicator forms the opposite LL,HL which is a strong bullish divergence
Now we have 2 scenarios the symmetrical triangle or the descending triangle. If the symmetrical triangle breaks down, you might want to watch out for the descending triangle before exiting the trade if you check my previous analysis on symmetrical triangle you will notice I mostly have 2-3 backup plan for it.
Unless I see a divergence at the oversold region of the RSI or again some unfavourable fundamental news and of course possibly BTC dump, I am holding my long position on APE.
Build your buy/long position in between the 0.78 Fib. retracement and 1.00 Fib. retracement price level and set your stop loss at $6.55 for mid - long term while for short term set stop loss at the breakdown of the symmetrical triangle to the especially if price closes below the 100% ret. level ($7.280).
Have a suggestion? What do you think
comment below, like and share also see t.me/dewycandles for records of profit bagged from our APE analysis.
is this the buttom and is 0,01 possible target for coming TimeBefore starting with adding this update. know that this coin has a very high risk - it can recover more than we expect, at the same time it can be worth noting - so don't invest all your money, and even investing do this only with a plan.
The best way how luna can get increased is by burning the coins - and at the same time building a stable system that can work with no futures or connecting to UST.
Burning coins could bring the price to high targets, same time there is some news about Tron support to luna- but we need to confirm this clearly.
again it's not wise to invest full money, but for example, those entering a 50 USD amount what they can miss, could be a possible trade to see how this later will work out.
Nobody can tell you, or know where the price exactly will go, because this does not depend only on trade technical analysis, but also if the company will get out of this or not.
Depending on the trading technical view, there is still hope for a back trend, in this view, it shows that 0,01 are a possible target on the long term, but if there is burning, it can happen in the short term and can increase to higher numbers.
Zilliqa : To where?Zilliqa has still a good chance to recover in the long term.
It's one of the best blockchain projects.
This update is for the small-time
Zilliqa looks to be interesting and for this reason wroth following.
This does not mean that there should be placed orders, but more to see or Zilliqa respect the levels.
0,074 are a target where the focus is.
Luna - Potential Buy for 66% gainDangerous trade, high risk please avoid leverage.
The reason, why we are seeing a downtrend on Luna, is because the Reward to Risk is significantly lower the higher the price goes.
At $0.00044 there is a lack of buyers, and the reason that I could think of is that to actually x2 from it, you would need a price to go up to $0.00088. With a 6.5 trillion supply, that would make the market cap $5.74 billion, putting them above Matic, which realistically speaking, is not impossible but very hard. Degen traders would avoid it and actually look for a lower price where their profit would be maximized.
Right now this is mostly momentum with no fundamentals as Terra Foundation is planning to fork out a new coin. To profit from this, we need to scalp and take a small profit, enter where most greedy traders are looking for the maximum profit.
I previously bought at $0.00011575 and sold at $0.000206 as seen on my Twitter account.
The reasoning was that people are looking to enter here because they can potentially earn an x4 if the price were to move back to the recent high.
Right now I am looking at $0.00006841 where people might look for a potential x6 or a quick x3 back to the $0.0002 level.
If I miss this, then it is what it is.
luna/btc short positionThe weakening of the uptrend is obvious. The gap between the tops Decreased and the triple divergence trend is in completion.
All of this remind us a big short position
LUNA is trying to go up, but will LUNA break the resistance? At present, LUNA is attempting to break above the level, but buyers are weak. As the market moves a little bit, sellers take advantage. There is no doubt that the seller has control over the market as evidenced by the 2-hour candles.
Since this coin has been delisted from major platforms, and there are a number of reasons, sellers continue to sell as the markets climb.
How will you see the market in the next few days? Please Like if you believe it will bounce back. Please share your thoughts on this topic and follow me for more.
Thanks
Bullish Gartley and Bat on LUNABTCThe LUNA/BTC pair is showing a potential for a Bullish Gartley and Bat on the 2 hour and Below while the RSI sits at literally 0 this could be a sign of Bullish things to come.
The ideal trade - TERRA LUNAHallo!
I want to talk about LUNAUSD from the other side.
In LUNA everything is ambiguous, I will not repeat all the problems, as you have already heard, and there are many advantages that can give high growth potential. In general, where there is ambiguity, there are opportunities.
And that's why buying LUNA is the perfect trade! The risk in it is 100% of the money invested in the coin, and the potential is hundreds of times higher.
And so, at the fall of LUNA, I made 3 trades, two purchases, in total, I took the volume for $ 45 - the amount is not large, because it is money that can be painlessly lost. The average price of the deal was 0.000145 USD / LUNA. My goal is to earn 10,000X, ie from $ 45 to make $ 450,000 (grow 10,000 times). Sounds fantastic, but let's see as much as possible.
Based on the average price, in order to achieve this goal, it is necessary for LUNA to reach the level of 1.45 USD per LUNA. And if you look at the chart, with the previous maximum of $ 120, it seems that to return to $ 1.45 is a trifle.
But not so sweet. The fact is that during the fall of LUNA, due to the terms of the contract on UST (stablecoin from LUNA), a huge amount of LUNA was printed, and due to this, the capitalization of the coin did not fall as its price.
With an average purchase price of $ 0.000145 per LUNA, the capitalization was approximately $ 1 billion, and at the maximum price, the capitalization was just over $ 40 billion. That is, to return to the previous capitalization you need to grow 40 times. However, the difference between 40x and 10,000x is very significant.
Let's calculate what the capitalization should be with the growth of the LUNA by 10,000 "X". Multiply $ 1 billion by 10,000 and get a capitalization of $ 10 trillion. dollars. Let's equalize. If you look at bitcoin, its capitalization is just over $ 550 billion, and the entire cryptocurrency market is 1.28 trillion USD. The difference between the required capitalization and reality is simply unrealistic. Of course, as cryptocurrency perceptions grow, capitalization will grow significantly, but that's slow, and that's not the point now.
Cons have reconsidered, and now we turn to the pros. TERRA LUNA is simply a huge audience that supports the project (1 million users on Twitter alone). That is, its technology is simply necessary. Of course, this is not a guarantee, but it is a sign that the project will develop, which is the basis for growth potential.
The next thing is to burn coins. You can be sure that almost every minute a certain number of coins are burned. Combustion does not directly affect the price, but significantly reduces capitalization.
And yet, LUNA has its own assets and at the time of writing, assets were around $ 300 million. This is not so small in fact, given that the total capitalization of TERRA LUNA - $ 1.2 billion. (at the time of writing), ie 25% of the total capitalization.
If you repurchase coins together with the incineration, the price recovery process will be much faster. By the way, ransom and incineration is one of the ideas seen as a way to save LUNA. As soon as there is significant progress in this direction, trust will return to the moon and capital will begin to flow en masse.
The next point is that LUNA is not just lying in the wallet, but invested in margin lending on one of the cryptocurrencies. This way, I will no longer need a high price to take 10,000 X's in dollars, as the number of coins will grow. At the moment, the percentage of lending to LUNA is not significant, but it reached 3650%, ie 10% per day - and this is already noticeable!
In general, this trade is not short-term, it may take months or even years to reach the goal. Upon success in the trade, I will inform you and disclose the interim results.
For me, this is a rare and good opportunity to trade with a high ratio of profit to risk! Write in the comments what you think about the strategy.
A Fork in the Road: How Will the Recession Affect Crypto?The more positive way of looking at LUNA, and other crypto disasters in general, is that these sorts of systemic problems eventually all get caught as the foundation falls underneath.
In fiat, these sorts of issues get covered up, bailed-out, and hidden behind tools like quantitative easing as people get pushed out into the streets through inflation and housing scarcity and such. It's a more socially acceptable form of exploitation in a way - with the worst of them actually dipping into taxpayer money and public funds. Just ask the exploited classes about this stuff - they know all about it.
Keep in mind that Bernie Madoff was able to get away with his racket for 17 years because the market generally always kept on going up. When the recession hits, we're going to start seeing the ugly undersides of what's been going on in fiat, too. Ponzi schemes are not exclusive to crypto, and there's a lot of pot calling the kettle black arguments floating around, especially in finance. The guilty conscience often attacks what they themselves are doing.
The big question for crypto holders is what happens when the recession hits - there's primarily two different types of outlooks in the space right now.
The pessimistic outlook is that when fiat goes down, so does crypto, as it has typically done for most of its runs.
The optimistic outlook is that Bitcoin itself was born out of the recession and controversy of 2008, where it has experienced the biggest of its returns.
Both are true, but how 2022 turns out will largely depend on how secure people are feeling about their money in general.
A couple of things that make the economy of the US today unprecedented, compared to recessions in the past:
- A historic 8%+ inflation rate which has not yet shown signs of slowing down.
- Interest rates will likely be raised to the highest it's been in recent history (possibly 3%, but likely higher).
- A massive 36% increase in money supply since 2020, mostly gone to government spending relating to COVID.
- High costs of living and new remote work options driving record amounts of people out of the cities (where the housing prices are the most inflated).
- The US government has been in massive debt for a while and have been using "fixes" like quantitative easing to kick the can down the road. It's been relying on money printing and taxing capital gains in order to pay off its bills but if the economy goes into a recession, that will no longer be an option.
Some people say that this is the "day of reckoning" for the US economy coming that has long been overdue. Which way will the tides swing for crypto and Web3? Time will tell.
$LUNA #LUNA Play the HorizontalsHey Everyone - just wanted to share a my perspective of playing the horizontal lines. #Luna has been in a downtrend but there can be small opportunities to scalp. This channel has now bounced on support for a 3rd time. Be smart and set your stop loses. NFA. Good luck!
LUNA IS NO MORE - SCAM 💩 GOES FOR A NEW ALL TIME LOW ( ATL )Luna dumped once again after a fake rally and here we see many investors are stepping out already and some went really got wrecked and worthless. So here if the key level breaks out to the downside we will further decline towards the bottom level and greater chances to create and ATL
🐶DOGE: where to open a LONG? Do you agree?Hi friends? When to expect a long on DOGE? In this idea I will talk about triggers to open a trade.
🚀While Elon is not making additional announcements about buying Twitter, which will certainly affect the price of this altcoin, Dogecoin is down by 91%. Meme Lord Mr. Musk has previously stated that Dogecoin could become an internet currency. It is likely to be used in a web3 project for Twitter in partnership with other crypto companies such as Binance.
📊 Technical Analysis. The price was in a triangle before breaking it down. This is not something new in the cryptocurrency market, in yesterday's ideas I talked about it in detail and it was expected. The price has collected liquidity several times under the key level of $0.084. Volumes also increased, which suggests that the price reacts to this level and a major player can accumulate a position.
✅What to expect now? If the price rises to the trend line and beneath it, we should expect the continuation of growth. 🎯The target for a long would be the $0.105-$0.110 value zone. It`s +26%.
📈If Bitcoin and stock markets, which the cryptocurrency market follows now, show strength and continue to grow, this target will be reached quickly!
Are you friends waiting to open trades? I need to make an update for this idea when this opportunity comes? Write in the comments!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊XRP: long after the false breakout! Enjoy it!Hi friends! Do you want to know what is the most common pattern on the crypto market? 📈False breakout is one of the main patterns of technical analysis. How do you apply it to XRP? Read the description for details!
✅What is the advantage of a false breakdown? This pattern is very easy to use. You need to mark a key level and wait for the price to break it and then return under it the next candle.
Let's mark 2 key levels:
1️⃣ $0.92 is a key after the false-breakout, the price fell by 60%.
1️⃣ $ 0.34 is a key level, behind which there are shorts traders' sell orders and long traders' stop-losses. There is a lot of liquidity for the WHALES!
If we look at the key level of $0.91 , we can see that this pattern works out perfectly. An additional trigger for going short is the rapid price movement. The price did not consolidate under this level, but broke through it with large candles. You may have guessed that someone pumped the price on purpose to activate traders' buy orders and then make them sell lower and lower (cheaper and cheaper).
The same could happen with the key level of $0.34 only to open a LONG. The trigger for opening a long would be:
🚩 false breakout - the price broke through the level and returned above it
🚩 large volumes - the orders have triggered, the whale has collected liquidity to BUY
As the price rises, everyone who opened shorts from $0.92 to $0.34 will be closing trades in a panic, which will give the price an additional impulse for growth.
🎯Targets:
🔶0.59-0.63 is the first target (+90%).
🔶0.74-0.78 - global target. If many traders opened short trades and Bitcoin shows the strength in the near future, the price will easily reach it.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
XRP | 400 days after ATHLet's start. Top 2 reasons why I think prices will rise :
• In daily timeframe, the price has risen whenever rsi falls below 30.
• There are 2 support areas near us Which is probably considered by many ,
• If there is a good reaction in these areas, we can expect price growth.
Now let's look at another view :
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Like if we are on the same side
Leave a comment, if you want, we can argue with each other 😅
Follow me if you like my not-so-logical ideas
Did you Ape in? LUNAUSD 4.618 recovery target for me however I do suspect these charts will become outdated if a "luna classic" is produced
I guess we will see what happens
I am currently holding Luna.
BNBUSDT biasWe are still in a bear market sadly but we may be up for a short buy(long term) before continuing the sell. Hopefully we get a divergence soon. We may sell for a quick profit if we see a ichimoku cloud breakout in the m15 time frame down to 286.30 or 278. If we don't get a break out we will find a buy set up. Still BEARISH OVERALL .
BITCOIN : AT Important levelLast days were not the best times for BTC - but still, BTC is at an important level of 29K -
we know also the 30K level from the whale's volume - as before more whales did enter from the 30K level - will happen this again?
Time will learn.
Bitcoin will stay at this price action still interesting, as long there is not a breakdown trend below the 29K with confirmation, there is still a chance BTC will return back above 30K, with possible to target 32800
And also we should know that it's crypto - if BTC breakdown the 29K with confirmation of the on-time trend, then we could enter a new breakdown area for more dump.
this means not that the price just should go to 28600, and that we are into a confirmation down trend - but more with time confirmation.
Every time if BTC confirms below 29K as now, and it returns back - means still a chance for a breakout trend.
At this moment the price are also below 29K
🔥ADA: is Cardano going to do it again? Trendline breakout soon!Hi friends! Cardano has been in a downtrend for over 8 months now. I can see the first signs of strength appearing on the chart. The volume indicator is showing large sales - it means that the Hodlers have finally been thrown out of the market.
There are 3 value areas on the chart:
✅0.25-0.4 - support area
🎯0.81-0.97 - resistance area, target 1
🎯1.16-1.37 - resistance zone, target 2
Now we can see how the price tested the suppor area and reacted to that support. Additional support is the global trendline, to which price also reacted.
📊 The most possible scenario , if Bitcoin will not fall lower, is a consolidation above the support area of $0.25-0.4 and a breakdown of the local trendline, where you can open a long. Examples of a breakdown of the trend line, you can see on the chart.
📊 What scenario is also possible? Watch for a false breakout of the key level of $0.4 or the support zone. Why here? Most hodgers will think the price will go even lower, and a big player will collect all their liquidity at these key levels. [bPay attention to the volume indicator! The bars should go up, as shown in the example.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.