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Nft

Are NFT's really the new trading instrument?What is your opinion on NFT's? Do you see them as a new trading instrument? or is it just another hyped 'BUZZWORD'??? Being a long time investor & trader, I have witnessed over the years - things that come and go, in the venture capital world we call this Buzzword Bingo. You get hype curves in sectors that may or may not take off. Always chasing the next shinny thing. Even when talking crypto, it used to be fintech - then came the spin out. As crypto evolves and searches for it's 'read adoption' phase we are very likely to see sideline gigs looking for a problem to the solution. Notice I said problem to the solution and not a solution to the problem? By this I mean, the issue is just like the reasons crypto will struggle to gain full dominance over FIAT currency for a while, is that whilst the tech foundation is solid, the lack of regulation, transparency and what would be deemed as negative points, are really the only thing holding it back. People see the things they want to see, and not what is needed - El Salvador, the prime example. Instead of being a steady growth curve, it was used as a tool to profit from the very type of thing, that is needed for it to grow up properly. Any country looking on at the drop as the sign-off happened, would now be questioning "is this really for us"? Exchanges need to stop trading against their clients, fees need to come down - and as much as I don't like it, regulation needs to be solid. Is thee things happen, I think it will be a wild-fire type adoption - globally. OK so back to NFT's - The pro's = looking after the artist, residual royalties & of course a new type of toy to play with. The negatives - Expensive gas fee's (will detour artists in the long run) from uploading content, the very people it's targeting. Explosive hype - why is this a bad thing? Well go back to my point about El Salvador, there is now either too much in the space (Large supply) with really, not much demand; apart from a select few. My in point; I draw a lot of my tradingview educational posts by using the polyline tool and brush. I recently added the bored ape I went on to finish it. With a blue hat and then with a pink one How about a red one? Even green with the addition of a funky eye The point I am making, is that due to how simple this is to edit - surely it only de-values a proposition? I would love to hear from the community, what your sentiment is - why? Do you like the idea or you think it will be a passing phase? By the way, I liked the blue one with no candles behind him. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BITSTAMP:ETHUSD
by Mayfair_Ventures
26
NEW GAME COIN PUMP ON KUCOIN ~ GALA! Damn guys, really sorry I didn't post this one when I found it last week... GALA games is run by the founder of Zynga and is making blockchain-based games with NFT integration & ways to earn tokens. Their token got added to Kucoin last month and I got hit up by a recruiter about a position there, which is actually how I found out about them in the first place. Generally speaking, I'm bullish on NFT and Game tokens, especially if you can catch them early. With such a heavyweight founder and an active community on Discord, GALA is one to watch. Hard to say what a good entry point is right now... I mostly exited my position at 130% gain and held onto some in case it moons. I will consider re entering once more price action gets printed. happy trades, CD
GLong
by cryptodonovan
1
The Altcoin Market Made an All-Time High Monthly CloseThis is just a simple observation. Don't really have time to go too in-depth with this one, but this is a substantial deviation from the prior cycle. This time, it appears Ethereum and other altcoins are leading the market. This makes sense, since Ethereum has numerous applications and investment vehicles within its own ecosystem. Bubbles within bubbles. Even so, I think the cryptocurrency market is unlikely to withstand a prolonged Bitcoin downturn, unless everything moves to stablecoins. Even then, there probably wouldn't be enough liquidity for such an event. Stablecoins are likely to be further regulated as it is. Anyway, for the month of April, TOTAL2 closed at $1.073 Trillion. It closed at $1.198 Trillion in August. This tells us that the majority of the space is still in a bull market (at least in terms of market capitalization). TOTAL2 also never closed below the 9 month EMA (orange), while Bitcoin closed below it in June. We also cannot ignore the rise and application of stablecoins. TOTAL3 (the market cap minus both Bitcoin and Ethereum) also made an ATH monthly close. I do think sentiment particularly in the altcoin market is very frothy. Despite this, the market can continue up, and the next move can be quite explosive. As they say, "the market can stay irrational longer than you can stay solvent." If we see something like that, with everything going up suddenly in rocket-style fashion, I think it's likely to end in a blowoff top (similar to 2017). TOTAL2 will not be in a bearish trend until the monthly trend reverses. Even in 2018, alts didn't really continue making monthly highs once Bitcoin topped. Does this tell us that Bitcoin itself hasn't topped yet? That's it! We'll see. Very interesting times. I'll write a more philosophical post soon, but for now back to my other work. Thank you for your support! This is not financial advice. This is meant for speculation and entertainment only. -Victor Cobra
CRYPTOCAP:TOTAL2Long
by VictorCobra
33
LTCUSDT is testing the daily resistance 🦐LTCUSDT is testing the daily resistance above the weekly support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
8
$SAND retracement? I think that $SAND is potentially a good investment in case $BTC remains bullish scenario before huge correction. - 1D RSI shows hidden bullish divergence - We retraced about 40% from ATH price and I suppose at least one bounce back to those levels is possible, but I don't think that we'll make new ATH - The price strongly stays in the middle of the pitchfork which at least suggests the continuous uptrend movement But since we are forming a rising wedge in the 1h timeframe, my thoughts are that we are going to drop down to the trendline and penetrate it to collect Stop-Losses. So in case we don't fixate under the trendline, the uptrend movement is highly likely. In that case the perfect entrance point is around 0.64-0.69$. Possible targets: 0.75 -> 0.88 -> 0.92 -> 0.95 -> 1.2 Stop-loss: 0.6-0.605 It is not a financial advice. Do your own research. These are just my personal opinions. Good luck.
by DeFi-tacular
ETH - WE REPEATED THIS PATTERN IN 2017! | CRASH MAY NOT BE OVER!Analysis Price action is following a similar pattern to 2017 where there was a hefty consolidation after an insane price surge Price this year had surged to over $4000 in a short time frame which resulted in an over 60% crash to $1600 This crash was to the 61.8% fibonacci retracement, just as the previous 2017 cycle had crashed to Following the 2017, mid-cycle crash, price formed an ascending triangle which lasted around 6 months before continuing the final surge to end the bull market Similarities between current price action and 2017's price action leads me to believe that something similar may act here again Price has already crashed after failing to print a new ATH as it couldn't break through this resistance This may lead to further consolidation and ranging which could form some sort of ascending triangle like 2017 Price action in 2017 did the same as it failed to break past the previous ATH at that point and retraced to the 61.8% level Thus, insinuating that we may crash further from here and all the way to the 61.8% local fibonacci level Conclusion Price action has largely followed the 2017 mid-cycle consolidation phase before resuming the bull market As a result, this suggests that something similar may occur, but not guaranteed, meaning consolidation has yet to finish Short Term: Price is expected to crash further to, at most, the 61.8% fibonacci level Mid Term: Price is expected to consolidate in an ascending triangle like formation, winding before finally breaking the $4000 level and off to new ATH's Long Term: Price is expected to resume the bull market to new all-time highs in the region of $10,000+
INDEX:ETHUSDShort
by JayanVarsani