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Matic

🔥DOGE MAKES A FALSE BREAKOUT: WHAT TARGETS CAN IT REACH?🔥Hi, friends! Dogecoin is ready to explode soon because of false breakout of local low. This is one of the most powerful trading patterns! So in this idea, I will show you the best entry point to long. Read to the end! 📊 MY TRADING PLAN FOR DOGE: 🔥 a pullback to $0.079-0.081 value area 🔥 bullish BTC 🔥 huge buy orders on DOM and Footrpint scalping tools which helps me to track the big guys and open a trade with them 🚩 Friends, one more pullback is highly possible, because I expect BTC to trap long traders one more time. The BTC pullback leads the 99% alts to make a pullback too. DOGE can possibly reach $0.071-0.074. This is one more place to open a long with great RR potential. ✅ MY TARGETS FOR DOGE: 1. $0.1 - the local highs 2. $0.11 - the closest key level 3. $0.136 - the key level Traders, how do you think the upcoming pump will be related to the launch of cryptocurrency payments on Twitter? Write in the comments! 💻Friends, press the "boost"🚀 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.
by Yuriy_Bishko
2
🔥dYdX MAKE A PULLBACK: THE BEST PLACE TO OPEN A LONG!🔥 Hi friends! dYdX made +200% from the entry point at $1.01. Now, we see that trend is fading. I explain my expectation for dYdX in this idea. Read to the end! 🚩 Why do I think that pullback is possible? The main precondition is a volume growth at highs. As you can see on the chart when volume goes up at highs so the price goes down. 📊 TRADING PLAN FOR DYDX: 🔥 pullback to $2.3-2.5 value area 🔥 volume growth at the bottom confirms the presence of buyers 🔥 bullish BTC is a must-have for altcoins growth ✅ MY TARGETS FOR DYDX: 1. $3.62 - the key levels and local highs 2. $5.3 - the key level 3. $7.3 -the key level Friends, what did you trade dYdX previously? Write in the comments! This is DEX (decentralized exchange) which will be the top gainer in case of crypto regulation. 💻Friends, press the "boost"🚀 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.
by Yuriy_Bishko
2
🔥WHY ALTCOINS FOLLOW THE BTC PRICE? A FULL GUIDE FOR TRADERS!🔥Hi, friends! I will explain why altcoins are following BTC and how traders can take advantage of this idea. The first and main crypto is Bitcoin. I am sure that 99% of traders/investors discover crypto through BTC. 📊THE 4 MAIN REASONS WHY ALTCOINS FOLLOW BTC: 🔥 Bitcoin is the most influential cryptocurrency: As the first cryptocurrency and the largest by market capitalization, Bitcoin has a significant impact on the entire cryptocurrency market. The price of Bitcoin often affects the prices of other cryptocurrencies, and it can cause other altcoins to rise or fall in value. Therefore, it's essential to keep a close eye on Bitcoin's price if you're trading altcoins, as it can indicate market trends and potential opportunities. 🔥 Altcoin prices are correlated with Bitcoin: Many altcoins have a strong correlation with Bitcoin's price movement. This means that if Bitcoin's price is rising, it's likely that the value of altcoins will also increase. However, if Bitcoin's price falls, altcoins are also likely to experience a decline in value. As such, tracking Bitcoin's price can provide valuable insights into the behavior of other cryptocurrencies in the market . 🔥 Bitcoin can act as a safe haven asset: During times of market volatility or economic uncertainty, Bitcoin has historically acted as a safe haven asset. This means that investors tend to flock to Bitcoin as a way to store value and protect their investments. As a result, Bitcoin's price can rise during times of crisis, and this can have an impact on altcoin prices as well. By monitoring Bitcoin's price, traders can gain insight into market sentiment and adjust their trading strategies accordingly. 🔥 Bitcoin is a market indicator: Bitcoin's price is often used as an indicator of the overall health of the cryptocurrency market. For instance, if Bitcoin's price is rising, it may indicate that the market is bullish and that investors are optimistic about the future of cryptocurrency. On the other hand, if Bitcoin's price is falling, it may suggest that the market is bearish and that investors are taking a cautious approach. By keeping an eye on Bitcoin's price, traders can gain a better understanding of market trends and make more informed decisions when trading altcoins. ✅HOW TRADERS CAN USE THIS BTC-ALTCOIN PATTERN I made 4 simple comparisons for you to show it. I used Bitcoin (as #1 crypto) and ETH (#1 altcoin). Take a look on the chart and the numbers on it. 🚩 1st case. If BTC falls at the beginning of the bull market = altcoins fall so much. In the first case BTC fell by -60-65% and ETH fell by -70-75%. It's not too much for ETH, but you can check the other alts. They fell by -85-90%. 🚩 2nd case. After the long consolidations altcoin grow higher than BTC. BTC made +35%, but ETH made +81%. It's 2 times bigger than BTC. 🚩 3rd case. BTC and altcoins during the rally grow equally. Except for some skyrocketing crypto as AXS, SOL and etc, of course. +452% for BTC and +480% for ETH. 🚩 4th case. New ATH is a time for altcoins' pumps. This is the time when they grow by 300-400% in a few weeks. As you see, BTC made +5%, but ETH +157%! 🔥SUMMARY. So, the 2nd case (after the consolidation) and 4th case (at the new ATH) is the best to catch strong altcoins movements for a hundred percent% and 40-50 or even 100RR. Now you can use it in your trading, cause you will know what BTC do now and how it will affect altcoins. I hope this idea was useful for you. Do you have your own notes? Write your most profitable BTC-atlcoins patterns in the comments! 💻Friends, press the "boost"🚀 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.
Education
by Yuriy_Bishko
3
MATIC BREAKOUTMatic has been in a nice rally since the rise of bitcoin at the beginning of the year. Although they have been in a corrective phase in the last couple of days. Matic broke the falling line by sweeping off the lows first, set a bullish divergence and is now back in bullmode. So beautiful! The resistance points are given in the chart. I expect a break of the high of $1.59 I am expecting a target of 10$ in the long term for MATIC. Definitely a top 3 coin to my sayings in terms of fundamentals and usage.
MLong
by kadirski
2
Matic holder be warned. Matic looks dreadful. Market structure shows clear distribution has already started. Entry Strategy: I’d be looking to short any push into the 1.28 resistance, HOWEVER, we might just not get that chance. Calculate your own risk/reward and take the trade if you like it. Exit Strategy: If this coin does start dumping seriously you’ll want to take profits earlier rather than later. There’s been quite a lot of fud regarding matic recently and you wouldn’t want to risk not being able to exit your position. This coin has the potential to be trading at 35 cents in the near future so be extremely careful bagholders! Will update when this starts dumping!
MShort
by Crypto_Sweat
Upgrading Polygon PoS Chain to Boost Performance + TAHello friend. Today im going to explain about the latest happenings in polygon layer-2 blockchain. Lets see what will happen? When the Polygon PoS chain first launched it offered a much-needed solution for Ethereum’s scaling issues. It gave users and developers alike everything they love about Ethereum but with faster throughput and lower fees. Now, with tens of thousands of decentralized apps, over 207 million unique addresses, more than 2.3 billion processed transactions, and a vanishingly-small carbon-footprint, the Polygon PoS chain has emerged as the premier destination for dApps. It is home to some of the biggest Web3 projects like Uniswap and Aave as well as major companies like Robinhood, Adobe, and Stripe. But this is only the beginning. Longer-term technical upgrades to Polygon PoS are being worked on, like parallelization, even while other promising tech for scaling, like Polygon zkEVM, is being built. a critical hardfork will be proposed that will aim to: 1 - reduce severity of gas spikes; In order for a transaction to be included in a block, a gas fee is required. The “base fee” is the minimum fee for block inclusion, and is set in accordance with EIP-1559. Although on-chain gas dynamics work well a majority of the time, when the chain experiences high demand, the base gas fee experiences exponential spikes. Increased gas prices are normal during surges in demand on any blockchain protocol. But “gas spikes,” which represent exponential growth in price, are not. They are a result of EIP-1559 and the Polygon PoS chain’s faster block times (~2s.) 2 - address chain reorganizations (reorgs) in an effort to reduce time to finality. Decrease the sprint length from 64 to 16 blocks. By reducing the length to 16 blocks, this upgrade means a single block producer will produce blocks continuously for a much shorter time (~32 sec) than the current (~128 seconds). Doing so will decrease the depth of reorgs. “Sprint length” describes the number of blocks a validator produces contiguous blocks on Bor chain. By reducing sprint length, the time a validator continuously produces blocks decreases. The result? Lowering the chances of a secondary or tertiary validator (who hasn’t discovered the primary) kicking in to produce blocks, resulting in fewer reorgs overall. Reorgs are possible due to the architecture of the Polygon PoS chain, which relies on probabilistic consensus. Finality for a transaction is achieved based on the number of confirmed valid blocks on top of the block containing a transaction. In the Polygon PoS chain, applications wait approximately 50 blocks before considering a transaction final. A reorg occurs when a validator node receives new information that shows a longer, or higher version of the chain. The chain with the highest difficulty is called the “canonical” chain. If a longer version of the chain arrives with more blocks, this is the new canonical chain, and the old one must be discarded. Reorgs may impact transaction finality and disrupt the ability of an application to be confident that their transactions are part of the canonical version of the chain. Expectation after the hardfork: By decreasing the sprint length, the hardfork will help reduce the frequency and depth of reorgs, and improve transaction finality. The change will not affect the total time or number of blocks a validator produces, so there will be no change in rewards overall. Now lets look at technical perspective: take a look at picture below (thats a weekly chart): As you can see , the price supports in 0.76 strongly with a n Engulfing candle and now it reaches to the correction area. correction lasts till 50EMA (green line) and after that will increase again. Notice that this analysis is a Long-Term analysis . So try to invest in your own strategyk. I think Polygon will be one of the best ecosystems Blochchain seen in these years. THANK YOU fo reading my idea. PLZ support me and put your opinion in comments? What do you think?
MLong
by TraderAmin-KZ