TrendTracers Weekly Market Analysis #14TL:DR
Review last analysis
Being conservative was the right play regarding the recent dump, since the worst case scenario happened. Price broke through the first major area of support and tested the second one faster than we anticipated , we took some losses because of that unfortunately.
Conclusion
Well, the market gave us a nasty crash last week which definitely changed some dynamics in the market. BTC flipped to the bearish side while ETH is still showing strength to the upside. Midcaps are still not interesting but some shitcoins might still be worth it for the short term. After big moves like this it’s a good idea to take a step back from the market and look at the bigger picture to forge your plans. There is no need to rush into anything based on the charts. We will keep you updated on further developments in the discord.
BTC
Bitcoin broke through the major area of support and tested the 40-43 area. The buyback is promising but we are still below the 53k resistance. As long as the Weekly candle doesn’t close above the 53k level a retest to the 42k area is likely.
BTC.D
Crypto in general had a very “red” week, interestingly BTC.D went down by about 2-2.5% this week . This correlates with the strength ETH is showing in the charts. If the BTC.D breaks down below 40% we can expect the chart to make new ATL for the first time since 2018.
ETH
Ethereum never closed below 3800 and it looks like ETH will close above the weekly baseline this week which is very promising.
ETHBTC is breaking out of it’s Bull Pennant and is moving towards our predicted target from last week. This in combination with the fact that ETH, for the first time in history, having a market cap over half of that of BTC is a very strong outlook for Ethereum’s near future.
Long positions will be on our agenda If ETHUSDT closes multiple daily candles above 4500.
USDT.D AND DXY
USDT.D reacted off the 2.5% low ,instantly testing the top of the range at about 4%. Right now it’s hard to tell if USDT.D is going up or down in the near future because it’s in the middle of the range between 2.5% and 4%. The break out of this range will help us determine the longer term trend of the market, so we will be watching closely!
DXY didn’t do that much, we’re still waiting for a break above 97. Otherwise the DXY will probably reject and retest the 94 area.
ALTS
MIDPERP failed to finish the ascending triangle pattern. Last week we said that we wouldn’t be bullish unless it closed above 4300, it never did so this told us we had to stay out of the Midcaps. MIDPERP broke down of the pattern and tested the low from July earlier this year at 2600. There is no reason to be bullish on the midcap until it starts closing above 4k again.
SHITPERP rejected from ATH and made a good pullback to the Baseline and previous support around 6200 finishing with a nice buyback to the 8k support.
Positivity
₿ SAFEPAL 1D ₿ : 25.Nov.2021 (SFP)This analysis is a review of the #SFPUSDT daily chart and we can expect good growth from this Cryptocurrency considering its movement and reaction to the price range in which it is located. (Buy Recommendation) But Always do your own research (DYOR)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 25.Nov.2021
⚠️(DYOR)
❤️ To give us energy and motivation , please like and leave a comment. ❤️
LCDP ready to startFor several days I have been buying the Spanish project LA CASA DE PAPEL #LCDP on BSC on Pancake Swap. These are coins associated with the emerging game. The creators are not associated with Netflix but the game will be inspired by the series. The price of the coin is very low due to marketing that is just beginning. The token was already pumped by listing on CG and CMC. The number of available coins is 2.25B and due to its economy it is constantly decreasing. The tax is 6% (2% for marketing, 2% for holders, 2% is burned). My TP long term is a minimum of $2. The investment risk is of course high, but the potential profits are huge. Mathematics shows the potential for a price of $34. The project will be promoted on YT from tomorrow.
Mega POOP alert? ROBOTRADER 1.41 watchOK, this mega poop. Lottery ticket or toilet paper. It's :solid: ! :P
ENS “Dao token” back to 3$ This ponzi called ens came out this week and I think it’s going to be one of these pump and dump style coins coming into the market with a bang and then slowly bleeding to single digits. What I would like to do is wait for Coinbase to list ens and short the hell out of it after the next mega pump! If this ponzi pumps to $65 again then short it, it’s litterally worthless, these delusional kids think a domain registrar is worth billions, haha well your gonna see what it’s worth soon after all the insiders that got tens of thousands of free tokens dump on you idiots that came in and bought it after they airdropped it to an entire community who just lost their asses buying ponzi jpegs for ungodly amounts of money.
DOGe from 29 cents to over $2? Charts are impressiveWhat we know: Elon Musk will likely pay personal income tax by selling a small amount of his personal Tesla, a "cult stock that creams shorts that don't get IT" LOL I don't own any but I'll buy some to help! But would rather own the cars LOL Now, I don't know how Elon takes it all in. OMG. if I was him, I would sell 10% and put 1/3 in DOGe. 1/3 in Ethereum ETH and 1/3 in Bitcoin.
Why do people hate success instead of supporting it? Makes no sense. That's how we help humanity be better. We have to find solutions to hard problems. I support SpaceX, Elon, Tesla everything its stands for. It's not about the money, it's about the mission. The mission for GOOD.
I'm not about to tell a rocket scientist and top leader we have on this planet, what do to. I'm not a virgo LOL If he has women in his life, I'm sure he's suffering like the rest of us based on his past memes. The world and the financial backbone is broken, we have a solution, let's see that a REAL rocket in cryptophere looks like! LOL WOW GOOD
To one brother to another, I'm on board dogs! Let go! WOOF! LO
WOOF! WOW LOL
At your service,
Just a dog, a tiny fish and SpaceXcadet @JustCharts on the TV Clown Channel :P
Anatomy of a $HITCOIN Launch and trying not to get BURNED!For those late night cryptosphere observers, we can sometimes see rockets at night. This one might fly 5 sec, 5 min or 5 hours. Charts will the state of the bulls and bears to either get rid of this shitcoin before it explodes. $hitcoins are long-shorts. Yes, you might his the jackport but otherwise, you can expect they before the greatest thing, then die off. Sometimes, the "rug pull" happens faster than others. You might end up with an amazon.com or a pets.com after the spectacular .com crash. 20 years later, here we are again it seems.
Well cryto in the form of well managed Bitcoin and Ethereum is safe heaven. In this tutorial, I will attempt to show from the launch detection to the hopeful exit.
Does SHIM need our help? Donate to the Save the SHIB!!!Please donate to the SHIB foundation!
LOL What is the SHIB foundation? It's some random shitcoin that appeared out of nowhere and has surpassed established coins and 90% market cap of . I'm trying to connect the dots, look at as many original footage, not the endless repackage clickbait that make youtube next to useless now on these hot trending topics.
Trading wolf packs are all over this coin. WOW Ouchies! LOL DO NOT trust a single things said in the public chats. There, I'm just a dog with four paws and I return nonsense with nonsense. Regular people would shake their heads. Forgetting the fraud happening there with an unregulated, world accessible and free accounts to any dog, cat and bird out there, let's focus here or @JustCharts
Is this a shit coin? Will all holders lose their money? Maybe but I'm holding a near full position on this, we just need to push all time highs and this will explode. In all my life, I have never seen a chart like this and I've seen many. Coin trading is actually easier as you master the skill but really, as they say 20% of the people have the ability to focus and apply strict money management to curb loses We need to value things as they are TODAY. Not yesterday or tomorrow. That is the worst mind poison for a professional trader. It's certainly not for the faint of heart. Most people should just get Bitcoin on a cold wallet until Apple supports Bitcoin on their wallet.
I've learned over the year to only trade good quality. Over the long run, it cheaper and less hassles. For coins, they are all garbage expect Bitcoin and Ethereum to some degree. I'm flipping shitcoins. I don't want to be followed on my trades so if you need to contact me to chat, I'm happy to have good conversation with other traders to share information and help each other as humans should. Contact me anytime here @JustCharts
Getting back to the SHIB $hitcoin , call me crazy, because I'm really starting to think I'm a freaking DOG!, but doesn't this chart look like a dog? A Mad Space Scientist Rocket Funding little dog? Nah, wild speculations! Lock me up in my doghouse! WOOF WOOF WOW LOW Peace Paws
Donations? Rules:
1. Do not expect anything back except a lottery ticket with some crazy numbers on it.
2. Today, you get about a million little dog, "SHIM" virtual coins for less than $1000?
3. It might be backed up by the BIGGEST NICE ROCKETS but it's all hush, I don't know. Insider leaks? That shows up in the price action... Humm...
4. Don't blame me or try to contact me if I'm right. I'm not in this for the money, or attention, I'm doing this for the mission. The mission to do whatever I can, to help fix the mess we are in globally. And I'm not talking about the URGENT climate crisis. Stop buying gas cars Tesla was ridiculed for years by crookstreet and naysayers. They are the Apple of the auto industry and the biggest short as US automakers but they are being paid by our current and future children.
5. Expect to lose the money and if you make it big, pay it forward.
Good Data and Truth is at the foundation of any great society. We're heading there, Bitcoin provides that for our World Financial Backbone. It's there. Now we need some real regulations to protect it and us. The bankers who rule Western Society have to start sharing equally, or at least more fairly and honestly.
DOGE Party or Doge Funeral ?DOGE recently could break its resistance with a big momentum while Shiba lost almost 40% of its value. Now Shiba could return again while Doge facing the previous resistance as support. I am bullish on Doge as it is broken daily symmetrical triangle as well and I think Doge party will start soon after bouncing back from this local support (maybe need few times) and break the 1h downtrend.
What is your opinion? do you think Doge will reach 1$ by the end of this year?
NFA & DYOR
SHIBArmy, Push past 5000s to 6483 and hold the line! Help DOGE!SHIBArmy! Good job on raiding Wall Street Banksters. They are surrounded. No futures on this doggie, no ETFs, no paper to wipe this puppies butt! It's on fire ladies and gentlemen. Freeriding off amazing gains has never been so fine. Enjoy the ride up. When the masses want your shares, be nice and share. Keep at them, tell your friend to become SHIB millionaires and be part of the wall street BURN.
They print, we BURN! LOL
We need some soldiers from SHIBarmy to assist Mother of all mothers, Shiba Inu Dogecoin. The older gal is about to wake up to be named astronaut by her DogeFather. Don't miss the cheap tickets for the announcements, Just 25-26 pennies each! You can also buy a Tesla with Doge, WOW. Put aside $10K in DOGE today to afford a $50K Tesla in 4 months? SURE! $15K now in DOGE for a Cybertruck? SURE!
Get your Ticket to Shiba Inu's Rocket TODAY! 4 tickets per dollar, 400 tickets per $100. Take 25% of the massive gains on SHIB and PLEASE go help mommy! She should not be harmed, she should be honored and the god of dogs and the dogs of gods. OK, ok, sorry, I'm getting too passionate again. LOL
Taking gradual profits but don't find the charts of the trends... should be safe to near 7000s, charts will tell...
Give Thumbs up Please, And My Rundown on SHIB TokenHi Crew,
I give this coin the green light to be a grower and a future outstanding coin and concept. You do know there is a whole SHIB exchange with BONE, LEASH and other coins. This will work and it is common on the ground all over the world it's that bonding and meme that will also help this coin greatly but the marketing team is outstanding and it reached nearly all exchanges soon enough.
My idea is to just put aside some and HODL long time. Just leave it you won't time the market better. Or just to buy on a major crash is the go.
See the SHIB exchange here: shibaswap.com
Good luck with it I think it's a terrific coin. It has certainly proved itself now.
Cheers,
Dasha,
Obnoxiously Humorous TShirts
Disclaimer: Not financial advice this is just my idea.
$hitcoin ALERT VLX Velas 15 cents.Ranked 157 and not on Binance?TROY was a good $hitcoin trade on the last Bitcoin run. The focus on this coming BTC run is the based on the cheapest shitcoin that I can find on tradingview with increasingly high volume increase.
There's been increasing accumulation since August 2021 with no or little news except the advancement of their wallet.
Trading at 15 cents and this shitcoin will follow Bitcoin up or down with excitement it seems based on the charts. Ranked #157 according to coinmarketcap
and not traded on Binance??? OMG The moment this coin hits Binances it's an easy 5x. Watch the news, ask the questions on the social reddit groups, call the developers. But get some coins first!
The tough part with VLS Velas is buying this junk, uh, I mean cryptoasset LOL. Available on exchanges: HitBTC, DigiFinex, Bitcoin.com, Changelly and a few others. If you're lazy wait for a Binance listing but if it does get listed, the run might have already happen. I used an old phone to install the VELAS wallet. This is the type of long shot with huge potentials from my perspective. You can imagine Apple either developing their own crypto addon to their own wallet or buying someone else's. Metamask would likely be the top crypto wallet to absorb but likely too complex. I can't see the Velas wallet being a contended but you never know. As crypto is getting adopted at all levels, any technology will get scooped up by the big players.
This is just like TROY, don't fall in love, don't bet the farm but unlike TROY, this $hitcoin is active and is more that a trade potential. Maybe. Just redeem your emptiesm find all teh coins in your couches and sell stuff wasting space someone else. Toss your "cash-is-trash" coins in these alt shitcoins for the fun of it. Take partial profits on overbought because you never know when all this shitcoins will blow up. Active discussions on r/Velas on reddit. Apparently this his a $2+ price range in 2018 but the tradingview charts only started tracking June 2020. Charts on the cash-is-trash pair and BTC pair are very bullish.
As of October 1st 2021
Market Cap $325,446,536 (8.91% up today)
Fully Diluted Market Cap $325,180,674
Volume 24h $6,601,435 (10.49% up today)
Volume / Market Cap 0.02022
Circulating Supply 2.12B VLX
Max Supply --
Total Supply 2,124,380,663
Notes: Look at the sharp volume in August 2021 and sustained in September 2021. If we maintain volume, we'll maintain momentum. This should be an easy 5x to 10X. Mostly speculative and will either follow Bitcoin to amazing high or crash again if Bitcoin fails to carry on with the bull run.
consolidation for BTC is on the wayHello my friends.
I think BITCOIN correction is done and it will consolidating between $39,000-$43,000 in the coming 2-3 months.
By my rekoning the idea of BITCOIN drop to lower levels below $39,000 and some people saying it will drop to $37,000 or lower is not true. after the consolidation in the end of 2021 and early 2022 its very possible to see a spike because of the hype around this period of time and a lot of people will buy it so the price goes up. I am not sure if it can overtake the April ATH but the spike is likely to happen.
For better realizing it I recommend you to see my previous idea about BITCOIN that I linked below, I think the plunge after the fifth wave is done and we are in the final dip.
DISCLAIMER: The information provided on this article does not constitude investment advice, financial advice, trading advice, or any other sort of advice.
Btc update : Btc to 200k Hello traders ,
Btc trying to break 0.618 level of fibo which represents a very strong resistance
we need a daily candle to close above
51.8k and d'ont forget today the weekly close .
Breaking this resistance will open new target
our target : 59k / 64k / 78k
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