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APEUSDT : Bullish potential till 17,50 (Short-term)APEUSDT : Bullish potential till 17,50 (Short-term) context : After the recent Token listing the market is evolving within a classic pause range after an eratic raise right after the listing. APE is already providing 28% of its total supply in circulation with a 41 rank place on Coinmarketcap with €3,157,305,347. We can be confortable to see a further trading range with a test of the 14,70$ before a tentative of bullish exit to 17,50 regarding the current historical data projection. Key Element: - Action/reaction (back and force move) between key triangle fibonacci ratio calling for Triangle pattern (16,50/9,70) - Auto-similar move and fibo extension 17,50 and 21 Key support fibo at 11,20 From a Risk/rewards perspective i am quiet confortable to buy the coin to play the common part till 17,50 Enjoy my Friends !
Long
by JeanJean1983
6
The Housing Market is About to Pop. How Does This Affect Crypto?The US Census Bureau recently published population numbers for cities across the US, and the numbers don't look too good: most large urban centers in the country have taken significant population losses in 2020-2021. Politicians and media pundits typically blame COVID and supply chain woes, though these trends were already happening even before the pandemic - the lockdown only accelerated what was already there. Los Angeles lost around 1% of its total population - which is already significant - but San Francisco and New York lost a staggering 6.7% and 6.9%, respectively. Most US urban centers have been struggling with a housing shortage crisis in the last few decades as housing costs, rents, and costs of living have been outpacing both inflation and wage growth exponentially since the financial crisis "recovery" in 2008. (This was around the time Bitcoin was invented, coincidentally.) In addition to rising crime, homelessness, and loss of quality of life, the well-paying jobs are also leaving the state citing high taxes and unfavorable business policies - giving people less reason to be there as well. The housing market is no different than other markets in that it operates on supply and demand . Housing advocates typically propose building more housing units (increase the supply) to bring costs down, but most cities have opted for the other "solution" - which is to bring costs down by decreasing the desirability of the city itself. (It's an unfortunate series of events, but it is what it is.) Nominal vs real pricing charts of US housing shows that listed prices are vastly inflated compared to its "real" value, which is contributing both to the bubble and the loss of quality in housing construction itself. San Francisco's Case-Shiller Index was chosen since it's objectively the most housing-inflated area right now, objectively speaking. The housing bubble is most likely to pop there, then cascade downwards onto other markets as people's faith in its growth starts to stagger. The reasons above (combined with the Fed's interest rate hikes this year) are why even Wall Street and big companies have taken an interest in crypto, NFTs, and metaverse assets lately, since they see it as a hedge against a weakened dollar and a recession (potentially a depression) looming in the horizon. At this point it's not a matter of "if", but "when". For crypto/metaverse investors, the thing to keep an eye on is the level of trust that the general public has in the banking system right now. When the housing bubble pops, it could potentially lead to a liquidity event of a magnitude never before seen, since technically there would be a lot cash sitting in people's hands, looking for places to invest. - The pessimistic outcome for crypto investors is the "money running scared" scenario - where panicked money runs back to the banks and other "conservative" investments assets (bonds, cash) that are seen to have less volatility overall. This may lead people to cash out and leave the crypto ecosystem altogether, causing a downturn in the asset class overall. Keep in mind, though, that housing, cash, and bonds have *traditionally* been seen as "reliable" investment choices, but in recent years those are the exact assets that have been inflating - which has lead many experts to question if they are functioning in the way it was originally intended overall. If that perception becomes shattered, a lot could change overnight. - The optimistic outcome for crypto investors is if the money that was intended for buying housing or other related assets becomes "free", potentially going into alternative assets, which includes crypto. Since a major housing bubble at this scale hasn't happened here there's not much data to show one way or another but we do know that the Evergrande crisis in China has had basically no (arguably inverse) effects on the crypto market as a whole. Panicked money may flow into crypto in ways never before if it's seen as a safe-haven against the turbulence of the housing market and the USD as a whole. Realistically, there will probably be a little bit of both going on, but being that the size of the US housing market is much bigger than the size of the crypto market cap, crypto needs much less of a % of money flowing inwards in order for it to grow. The housing market, on the other hand, has nowhere to go but down. Time will tell, but it would be advisable for people to be prudent about where to put their money this year, because a lot could happen very quickly as the United States faces its biggest financial crisis in decades in the near future.
FRED:SFXRSALong
by RyanTanaka
The Housing Market is About to Pop. How Does This Affect Crypto?The US Census Bureau recently published population numbers for cities across the US, and the numbers don't look too good: most large urban centers in the country have taken significant population losses in 2020-2021. Politicians and media pundits typically blame COVID and supply chain woes, though these trends were already happening even before the pandemic - the lockdown only accelerated what was already there. Los Angeles lost around 1% of its total population - which is already significant - but San Francisco and New York lost a staggering 6.7% and 6.9%, respectively. Most US urban centers have been struggling with a housing shortage crisis in the last few decades as housing costs, rents, and costs of living have been outpacing both inflation and wage growth exponentially since the financial crisis "recovery" in 2008. (This was around the time Bitcoin was invented, coincidentally.) In addition to rising crime, homelessness, and loss of quality of life, the well-paying jobs are also leaving the state citing high taxes and unfavorable business policies - giving people less reason to be there as well. The housing market is no different than other markets in that it operates on supply and demand. Housing advocates typically propose building more housing units (increase the supply) to bring costs down, but most cities have opted for the other "solution" - which is to bring costs down by decreasing the desirability of the city itself. (It's an unfortunate series of events, but it is what it is.) Nominal vs real pricing charts of US housing shows that listed prices are vastly inflated compared to its "real" value, which is contributing both to the bubble and the loss of quality in housing construction itself. San Francisco's Case-Shiller Index was chosen since it's objectively the most housing-inflated area right now, objectively speaking. The housing bubble is most likely to pop there, then cascade downwards onto other markets as people's faith in its growth starts to stagger. The reasons above (combined with the Fed's interest rate hikes this year) are why even Wall Street and big companies have taken an interest in crypto, NFTs, and metaverse assets lately, since they see it as a hedge against a weakened dollar and a recession (potentially a depression) looming in the horizon. At this point it's not a matter of "if", but "when". For crypto/metaverse investors, the thing to keep an eye on is the level of trust that the general public has in the banking system right now. When the housing bubble pops, it could potentially lead to a liquidity event of a magnitude never before seen, since technically there would be a lot cash sitting in people's hands, looking for places to invest. - The pessimistic outcome for crypto investors is the "money running scared" scenario - where panicked money runs back to the banks and other "conservative" investments assets (bonds, cash) that are seen to have less volatility overall. This may lead people to cash out and leave the crypto ecosystem altogether, causing a downturn in the asset class overall. Keep in mind, though, that housing, cash, and bonds have *traditionally* been seen as "reliable" investment choices, but in recent years those are the exact assets that have been inflating - which has lead many experts to question if they are functioning in the way it was originally intended overall. If that perception becomes shattered, a lot could change overnight. - The optimistic outcome for crypto investors is if the money that was intended for buying housing or other related assets becomes "free", potentially going into alternative assets, which includes crypto. Since a major housing bubble at this scale hasn't happened here there's not much data to show one way or another but we do know that the Evergrande crisis in China has had basically no (arguably inverse) effects on the crypto market as a whole. Panicked money may flow into crypto in ways never before if it's seen as a safe-haven against the turbulence of the housing market and the USD as a whole. Realistically, there will probably be a little bit of both going on, but being that the size of the US housing market is much bigger than the size of the crypto market cap, crypto needs much less of a % of money flowing inwards in order for it to grow. The housing market, on the other hand, has nowhere to go but down. Time will tell, but it would be advisable for people to be prudent about where to put their money this year, because a lot could happen very quickly as the United States faces its biggest financial crisis in decades in the near future.
FRED:SFXRSALong
by RyanTanaka
BTC On The Verge To Run Higher As per my previous post, I have been very vocal about my views on BTC. I'm still focus and remaining with my idea. The weekly FVG pay potentially get traded through during the upcoming week(s) as this is our 3rd time trade into the same FVG. 3 times in the FVG we can potentially see price violated it... This might be what we're seeing occurring here. If the FVG is violated the next draw I think will be 52K for BTC. At the price level another analysis will be necessary as we have to monitor how price reacts as it moves higher.
BITSTAMP:BTCUSD
by KnowledgeAndProfits
1
Keep an eye on CHR!Here's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the immidiate breakout from the falling wedge , then the best entry would be when the price breaks above 0.5$ with good amount of volume . Definitely one to keep an eye on! ------------------------------------------- The idea is: Buy when the price breaks above 0.5$ and take profits at the levels shown in the chart. Targets: 1. 0.58$ 2. 0.68$ 3. 0.85$ 4. 1$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
2
Analysis for APE coin (Bored Ape NFTS)Right now ape coin has been channeling upwards through the Fibonacci channel between the 0 - 1 Fib channel levels, those in long positions do be careful that once it breaks below the 1, do expect the coin to come back down between 11.206 (0.618 Fibonacci retracement level) and 12.347 (0.382 Fibonacci retracement level). I will keep an eye on this coin for an I am currently also holding this coin as I bought it early before major exchanges listed it at around $7.5. As of now as long this coin remains in the Fibonacci channel and is currently in an uptrend I will remain bullish until further confirmation.
Long
by yoyokenwan
$APE/USDT 1h (#BinanceFutures) Rising wedge breakdownApeCoin looks ready for a local retracement down here after being rejected on supply zone. Current Price= 13.442 Sell Entry= 13.757 - 14.359 Take Profit= 12.406 | 11.300 | 10.195 Stop Loss= 15.440 Risk/Reward= 1:1.2 | 1:2 | 1:2.8 Expected Profit= +23.50% | +39.24% | +54.96% Possible Loss= -19.66% Fib. Retracement= 0.382 | 0.618 | 0.883 Margin Leverage= 2x Estimated Gain-time= 5 days Tags: #APE #APEUSDT #NFT #Metaverse #Gaming #Creation #Web3 #DAO #Governance #DeFi Website: apecoin.com Contract: #ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
Short
by TradingOn
3