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Crypto to over take Forex $5Tn a Day next monthI am Bullish Crypto as a whole. Have been investing and trading Bitcoin since 2011. But as a trader of 21 years, I also know for the Crypto sector to remain healthy and flourish, it needs a couple of things. Firstly a rest, it does not mean it's changed to Bearish sentiment. However, knowing that over 70% of retail lose money & it would not surprise me if that is higher when it comes to crypto. You can clearly see some bitter words online - especially when you say the words "short or Bearish". It is for this reason the market needs to take a breather, professional money does not directly equate to flights to the moon. Some common sense is required, if retail sentiment is mostly long - we have seen a buying climax at a wave 3 extension in Elliott weekly terms. So this move sideways is to be expected and part of the natural market cycles. We have a tired Bull and a baby bear. COT leveraged funds are still net short, Retail sentiment net long = who usually wins? Grayscale still offering the biggest discount for their BTC fund. This won't happen overnight, some cycles take years to evolve. We are currently mid-way through a genesis wave, which is being turned into a professional instrument in front of our eyes. There will be heartache, there will be pain and of course, there will be euphoric moments. When Elon stepped up and said Tesla will accept BTC; it added industrial credibility. Other publicly listed firms would have quickly jumped on the bandwagon. Then the pullback tweet happened. This is a speed bump and not the end. As most money managers (managing funds for the wealthy) do not understand Crypto, Blockchain - they will go with what makes sense on paper, BTC has a track record of insane gains, so their exposure can be protected (to a degree) so when they pitch for more AUM (Asset under Management) from their high net worth and corporate clients, they can tick the "exposure to crypto" box. This is why BTC is ahead of the curve compared to most of the other coins and tokens as of today. You can see from my last couple of video posts and our streams, the Wyckoff and Elliott schematics are almost textbook in BTC. But as I said above, professional money does not simply convert to "Bull run forever". The crypto sphere needs some tightening up & again this will be good for the market and sector. Regulators will find ways, the governments will find ways to bring their oppression to crypto. Like it or not, the powers won't take it laying down. Or we will have a world full of bankrupt bankers and Billionaire former postmen & bricklayers (no offense to either profession). So although it's positive - it does need a rest and this is the logical location for that respite. Joking with the title - we are a while away from that. But it might happen - one world currency n all that. We have covered a lot of the charts and logic above, Elliott and Wyckoff in our discord community. Also more streams this coming week. 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.
COINBASE:BTCUSDLong
by Mayfair_Ventures
14
XRP more downside to 0.63Ok so now that I have your attention ;) We broke out of the symmetrical triangle that started in April. We are now retesting the bottom of that on triangle. IMO if we don't see a close above 1.46 we will very likely move down again. Due to the size of this triangle the move may be big. If we go through the 1.29 the first bit of support is at 1.13 but that is not substantial. Major supports below that are at 1.01 0.91 and finally at 0.63. The 1.01 support should coincide with the 100EMA at that time and may spike down to the $1 psychological support. After that, it will get dirty quickly. As mentioned a close above the bottom of the triangle and preferably above 1.46 resistance will null and void the move down for now. This is my personal TA and not meant as fin advice. Remember there are also a lot of fundamentals at play at the moment and then there is BTC so we will have to wait and see. For me, I sold already and waiting in fiat at the moment to see where this is heading. Trade safe!!
BINANCE:XRPUSDShort
by izakmerwe
4
IOTX - THE INTERNET OF THINGS WILL SHOW SOON HUGE INCREASE! Hello trading friends, Into this dip trend of the most altcoins the best and main choice are IOTX - the internet of things. there are great updates coming, and as the most know in most time we bring 100% + pnl Altcoins into the game. IOTx LOOKS TO INCREASE WITH 100% INCREASE COMING TIME. - IOTX EXPECTING TARGET 0,10+ we have say at time. we did before double BCH XRP Doge SKL Enjin BCD and more coins with same update, and today IOTX are the next one. Follow/like for more
Long
by watchtrend
DAY TRADE BITCOIN SIGNAL-BTC LOOKS TO BREAKDOWN 2 TARGETS !Hello trading friends, As you can see depending on our ETN tool - the day trade of bitcoin looks to break down. here below we explain the 2 targets. Target 1 . In the good trend of bitcoin, we will break down to 53900 and get the return back into trend. Target 2 also possible ( more possible as we did not confirm before the 52200 USD In this trend, we will break down further to the 52200 USD trend. # and of course this is crypto and the unexpected trend can happen that it will increase. But at this moment our data don't show that. @ always mange your riks good, and have good trade Follow / like for more updates. Thank you
Short
by watchtrend
XRP Will Reach ATHs and Conquer $5 Quickly Be Ready- Elliot WaveNow that we have shaken off the weak holdings, doubters and bandwagoners from XRP, we can confirm the Elliot Wave Theory with BTC rebounding above $50K. The Wave Theory dictates that we see a sharp rise in price action with a deep Wave 2 Retracement of usually 50%. Wave 2 is always deep and that why we saw a hard bounce on .95cents yesterday. We have conquered the downward sloping resistance line from the $1.95 high. Wave 3 is even bigger than Wave 2 but in the right direction...UP. I suspect resistance at $2- $2.25 USD ,however, I suspect FIERCE Resistance at $3.80 USD...XRP's ALL TIME HIGHs. We could sit around $3.50-$4 USD for awhile or see a significant pullback to $2.50-$3...however, $5 Target should be attained for those HODLERS and $4 for day traders. Its finally good to see XRP rallying like it should considered the bogus SEC lawsuit and with most volume coming outside the USA. Wave 3 should coincide with Coinbase and other USA based exchanges Re-listing XRP. Shout out to the CRYPTO BOYZ in South Korea, Japan, Mexico and Canada! May the Force Be With You! XRP to MARS! Sincerely, From the Makers of Sputnik, Sovietunion18
BITSTAMP:XRPUSDLong
by sovietunion18
WIN/USDT 🏆Hey hey my friends 👋 Looks like we have some sort of triangle forming with the whole market in in fear i believe this should pop out of this nicely only a 56% chance but market sentiment is good ATM buy FEAR sell GREED 😱 💴 💴 💴 Our MAGICMONEY indicator plucked the bottom of this move and many others! If you entered both signals your average would've NET you 99% in just a few hours! If you're interested in this indicator send us a DM 💴 💴 💴
Long
by LucrorStrategies
BITCOIN ON RETURN TO LONGHello trading friends, We had yesterday a great recovery day until the MCN400 whale did break down the trend, but what of the reason? this can be the USA trend and the most know the news. # its possible that we will get in the next hours a recovery trend to long. We expecting depending on-trend now a return to long. - Crypto markets can change fast, and sometimes unexpected. Trade safe! Follow and like for more updates. thank you! Discipline is the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly * this is not an advice ---> Have a great day
Long
by watchtrend
2