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MATICBTC

Binance: MATIC/BTC Long - Can it go all the way ?MATIC is currently facing cloud resistance. After a few days of market volatility it was able to find support and close the last 3 days above the 50MA. It has also being achieving a higher low signaling an uptrend. If it falls under the 50MA and closes under 203, then the trend has reversed and we are now bearish. On the other hand, if the uptrend continues, it will take us into the first target. If it gets enough volume, breaking and holding above the 1.0 Fib will take us into a long term trade on which we will have to update the trade and follow the weekly chart. Entry: 205 - 215 TG1: 235 TG2: 250 TG3: 270 Stop if daily closes under 203
MLong
by SteelMiner
3
MATIC \ BTC. Profit 166.66%. Cyclicity and trend.The cyclical process was not ignored by Russian scientists. For example, N.D. Kondratyev at about the same time period revealed a pattern of fluctuations in production and prices every 50-60 years. This cyclicity is called Kondratiev waves or K-waves. Cyclicity in a more or less stable form is present in commodity markets, as can be seen in Fig. 26, where you can see an example of a cyclical trend in wheat price changes (2010-2012). But since we are on the cryptocurrency market, everything happens faster and with less periodicity 1) Ovals - repeating channels after the pumps 2) Arrows - repetition of an occurring formation Good luck to everyone
MLong
by DextraBlack
1
SHORT - MATIC - Trading OpportunityMA200 retest on the 4h chart with no volume, with a soon to be death cross, this is not looking good FTX:MATICPERP , the mainnet hype seems to have been over a long time ago already. Entry: 0.02052 Target: 0.01856 SL: 0.0210780 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
FTX:MATICPERPShort
by ElMomento
1
How Much Bullish Matic Network Can Be???Hi friends hope you are doing well today I want to talk about the Matic network, how it is turning bullish and how much the mainnet launch at the end of May can affect the price action of Matic token. The mainnet launch of Matic network is expected on 31st May 2020. Therefore the current bullish move of the Matic can be different from the previous bullish rallies and we can expect some exceptional moves in the price action of Matic network. Like we have recently witnessed in case of Tfuel. Movement within the channel and bullish signals: Now let's watch some technical analysis and on the daily chart it can be easily seen that the price action of Matic network is moving in a parallel channel since December 2019. The movement of the price action within this channel is very much synchronized with stochastic and directional movement indicators. If we take a closer look on the chart then it can be observed that whenever the price action hits the support of this channel and stochastic gives bull cross and the positive directional indicator (+DI) crosses up the negative directional indicator (-DI) the price action moves up and reaches up to the resistance of this channel. This time again when the price action reached at the support of the channel then stochastic gave bull cross and the positive directional indicator crossed up the negative directional indicator on 6th April 2020. Then we have witnessed a sideways move then finally the price action of Matic network turned very strong bullish and rallied more than 85% sofar. At this time the ADX of directional of movement indicator is at 40. That is showing the power of bulls and even though the stochastic is moving down and has given bear signals but the ADX is not moving down. So we can expect if the candlesticks will be closed to the resistance of the channel and the stochastic will again give the bull cross from here. Then the price action can break out the resistance at any time. Can we expect a breakout like it happened in previous channel? Here I would like to recall the previous down channel that was formed by the pricline of Matic network. The price action was moving within that channel from July 2019 to November 2019. At that time the price action was also very much synchronized with these two indicators. The stochastic indicator and Directional movement indicator. And If take a look at the final move of the price action then we can notice that when the priceline of Matic reached at the support on 26th October and the Stochastic gave bull cross on 5th November then on 14th November 2019 the positive directional indicator crossed up the negative directional indicator. Then price action turned bullish and after breaking out the resistance of the down channel a bearish candlestick was appeared just above the resistance of the channel. At that time the stochastic also gave the bear cross from overbought zone but again the stochastic gave bullish signal and we have witnessed more than 260% bullish rally. At that time the ADX line of directional movement indicator that was showing the power of bulls did not drop down. Even though the stochastic had given the bear cross. Now the similar move by the ADX and stochastic is happening in current channel as well. The only difference is that the bearish candlestick in the previous channel was appeared just above the resistance of the channel and this time the bearish candles are appeared just below the resistance. Cup & Handle patterns the bullish reversal signal: On the same daily chart we can also observe that the price action of Matic network is forming cup & handle patterns with the continuation. The previous cup was started from December 2019 and ended on Feb 2020. After the completion of cup the priceline moved down for the handle formation and retraced upto 0.618 Fibonacci level. That is the golden ratio of the Fibonacci retracement. And completed the handle of the cup. The it turned strong bullish now from March up till now the price action has formed another cup and at this time it is moving down to form the handle of the cup. So far it is not retraced even upto 0.382 Fibonacci therefore I am expecting that it will be retraced between 0.382 to 0.618 Fibonacci level to form a perfect handle of this cup. And as we know that this is the bullish reversal pattern. Therefore we can expect a very powerful bullish rally after the completion of this pattern. That can lead the price action to the breakout the resistance of the channel as well. Simple moving averages are turning strong bullish: On the daily chart the simple moving averages are also turning bullish. I have placed simple moving averages with the time period of 25, 50, 100 and 200. If we take a look back in October 2019 then it can be clearly seen that when the 50 simple moving average crossed up the 100 simple moving average and formed a golden cross the Matic turned very strong bullish and produced more than 260% rally. At that time the 200 simple moving average was not available as per binance exchange. Therefore I am noticing the golden cross between 50 and 100 SMAs. Now if we move back to the current situation then 50 simple moving average again moving up to form a golden cross with 100 simple moving average. And after this cross it can also form a golden cross with 200 SMA as well and that is considered as a very strong buying signal. Moving averages on long term: Now I would like to take you to the long-term chart to show you how much the matic is bullish on weekly chart. Here I have placed the moving averages with the time period of 7 and 25. On the weekly chart these two moving averages are very useful. I have noticed that especially on long-term charts these moving averages really work very well to identify the bearish and bullish trends. Now let's move back to the topic again and on this weekly chart we can see that the 7 moving average formed a bull cross with 25 simple moving average on 11th November and after that the price action rallied more than 160%. Now this is happening second time in the history of Matic network price action as per binance exchange that the seven moving average has cross up the 25 simple moving average again. Therefore we have very strong support of these moving averages on long term and this bull cross can produce a very strong bullish move that can lead the priceline of Matic network to achieve the higher than the previous highest price level. However the stop loss strategy is really very important to enter in such bullish trades. Therefore you should use any stop strategy before buying the Matic network. Or you can also useuse 200 SMA for this purpose. Contusion: Even though the price action has reached at the resistance of the channel but the bullish patterns and the moving averages are signaling for the break out. However if the price action will break down the 200 SMA then it may retest the channel support again. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
MLong
by moon333
4
$MATIC History Repeats Itself Looking at $MATIC / $BTC on the daily timeframe From March-May we see accumulation under 200 sats, which perfectly explains this current price action 1st touch rejection off 309 resistance also to a T and expected Caught this move earlier at 222, sold @ 266 & 278 Buy orders set at 251 re-entry zone There is a very good chance that history repeats itself and MATIC has it's 3rd parabolic run-up of around 100-200% in the span of less than a month Altcoin season looks just around the corner more than ever now and I guess it's just a matter of time before this move plays out
MLong
by kyer
1
$MATICBTC Facing important resistance, break = moon.Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated. The past few days have been amazing for those holding shitcoins. Tomorrow could be the day BINANCE:MATICBTC pulls a 100% gain, if it manages to break through the resistance at 300 satoshis. My bags are long filled, but I would be aiming to enter at any of the following three scenarios: - MATIC Breaks resistance in a high-volume pump - MATIC Breaks resistance with high momentum (breaking the last resistance at 315 SATS in the same candle) - MATIC Breaks resistance weakly and successfully​ flips the 300 SATS level from resistance to support. If you're long from entering in any of the above 3 scenarios​ or have been for a while, next resistance IMO is at 540-550 SATS. Good luck traders. May your gains be great.
MLong
by CryptoJelleNL
MATICBTC | PARABOLIC LIKE OTHERS?Based on this analysis, Matic might repeat previous history due to volume and upcoming news which almost 2 years been waiting for this launch. INFORMATION: - Social Network : Healthy & Progressively update everyday for the past 1-2 weeks (Twitter, Announcement Channel, Telegram) - Fundamental : POS which over the years development with higher chances bigger news after Mainnet - Volume : Increasing based on strong announcement from developer - Technical Analysis : Daily breakout Classic Triangle Pattern with strong parabolic momentum and psychological area (Above EMA 20,50,100,200) REMARKS: -Strong relationship with binance and coinbase custody -Most DAPPS and Staking platform support their project -BTC Dominance shows signal of downtrend -US exchange seems comfortable with this Project based on binance.us announcement after mainnet launch ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- INVESTMENT DISCLAIMERS & INVESTMENT RISKS We believe it is vitally important that you read and fully understand the following risks of investing. INVESTMENT RISKS: All investments, including cryptocurrencies, is speculative in nature and involves substantial risk of loss. We encourage our investors to invest carefully. We also encourage investors to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take. Past performance is not necessarily indicative of future results. All investments carry risk and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any kind of investing they choose to do. Hypothetical or simulated performance is not indicative of future results. Unless specifically noted otherwise, all return examples provided in our websites and publications are based on hypothetical or simulated investing. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because hypothetical or simulated performance is not necessarily indicative of future results. Don’t enter any investment without fully understanding the worst-case scenarios of that investment. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MLong
by MAFLibertarianFinancial
MaticBtc study for medium termIt is a matic study for medium term btc parity. it is definitely not investment advice. it is currently in a pattern that has risen at a significant level of support. Higher in volume than in the past. I think that it will exceed the resistance level and reach the level of 0.0000030 in the medium term. Also let's not forget : "Mainnet go live with Initial set of Validators by End of May." I think that its share in the increase will be effective. Good luck for everybody
MLong
by ruble