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GOLD → High readiness for correctionFX:XAUUSD is consolidating above 2175, but at the same time a descending triangle is forming. Theoretically, price should break support, which will form a false break of 2175. On D1, volumes are declining, price is stopping after a strong rally. On H1, support 2175-2175 is formed and price has been squeezing towards support for a few hours, which increases the chances of a support breakout. But! If buyers do hold this area, the price may test the local high or 2200 before further declines. The dollar index is forming a correction from support, which is giving a corresponding reaction in the gold market as well. A descending triangle is forming on H1. A break of the support at 2175 will give an impulse to the lower levels. Resistance levels: 2185, 2195, 2200 Support levels: 2175, 2161, 2144 I expect correction after the false breakdown of 2175. Consolidation of the price below the level will give confirmation that the market is ready to correct TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDShort
by RLinda
20
GOLD → 2200 is unaffected. Are we close to a correction?FX:XAUUSD has been trading quietly since the opening of the session, but after a strong growth the price starts to stop. 2195 - 2168 actual consolidation. It is necessary to follow the reaction of the price to the flat boundaries. The market today without news, trading can be quite calm. The dollar index is testing a strong support area, the shadow of Friday's candle indicates a possible correction. Gold may react the same way. The price of the metal after a strong rise stops, resistance begins to appear in the market. Bull Run cannot last forever, the market maker can reverse the local price movement with the purpose of liquidation. It is worth paying attention to the support at 2175, 2161, 2144. The break of the structure of these zones may start the correction phase. Resistance levels: 2194, 2200 Support levels: 2175, 2168, 2161 I expect a correction, which may come either when the mentioned support lines and liquidity zones are broken or after the test of 2200 CAPITALCOM:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
USDCAD → Attempting a trend change. Target 1.34?FX:USDCAD demonstrates an attempt to change the trend on the background of weak USD fundamentals. The Canadian is strengthening on this background and this phase may continue further. Globally, the currency pair is in the range of 1.32 - 1.38. Trading is taking place between intermediate strong levels. Buyers are still unable to overcome 1.35, as the dollar index shows weakness amid high inflation in the US. In this case, the dollar may continue to lose ground, which is favorable for the Canadian dollar. Most likely, in the medium term, the price from the previously broken trend support or 1.35 may continue its decline towards the key, at the moment, liquidity zones indicated on the chart. Resistance levels: 1.350, 1.35418 Support levels: 1.3475, 1.3409, 1.33585 I expect the end of the correction in the area of 1.350, which may further resume the downward movement with the goal of reaching the areas indicated on the chart. Regards R. Linda!
Short
by RLinda
2
EURUSD → The 1.100 liquidity area is interesting for the market FX:EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area For two weeks in a row the dollar index ( TVC:DXY ) is trading with a negative fundamental background, which is quite favorable for the euro. As the price is inside the range and in the phase of growth from the support, in case of distribution of targets for the market the area of interest is the upper boundary - 1.100. But, today the news is published, as this factor brings a drop of unpredictability, we need to understand that the break of the support of the ascending channel will break the structure. And a retest and consolidation of the price above 1.0897 will form the potential for further growth. Support levels: 1.0897, channel support Resistance levels: 1.100 I expect that the currency pair can realize a bullish potential, as the area of 1.100 is interesting for the market. Regards R. Linda!
Long
by RLinda
4
EURUSD → Consolidation for continued growth. What's the target?FX:EURUSD is forging consolidation within the ascending channel after the breakout of the local trend. This setup may be aimed at further growth towards range resistance. On D1 we see consolidation forming above the key support at 1.07958. A rather strange paranormal volume was drawn on Thursday, which is difficult to interpret in the current environment. The dollar index also stands still and continues to shrink to the support. A local channel is forming on H1, another retest of 1.07958 or trend support is possible, after which the currency pair may head towards the targets indicated on the chart. There is no news today, so the trading session on Monday may be calm. Support levels: 1.07958 Resistance levels: 1.08975, 1.1000 I expect the growth to continue within the emerging setup. A change in the local trend is forming within the global flat. Consolidation may form the potential for the continuation of the formation of a bullish impulse. Regards R. Linda!
Long
by RLinda
5
GOLD → Can the market maker end the bull run?FX:XAUUSD continues to test the highs. Price is trading above ATH 2023y. Bull Run may not be permanent, market maker may form a false resistance breakout amid distribution exhaustion. The exhaustion of the strong rally can be seen on this chart. Price is at its highs after a strong rally. It is not profitable for the market maker to let everyone make money :). At the moment the probability is quite high to see a false breakdown of 2148-2150 followed by a fall. It's not about trend change, but about correction. The global trend is bullish. But, there is strong news today. Initial Jobless Claims, Fed Chair Powell Testifies. And all this before tomorrow's NonFarm Payrolls. Worth paying attention to these things. Resistance levels: 2148, 2150 Support levels: 2144, 2125, 2110, 2100 There is a possibility that the market maker is waiting for volume to form on long positions above 2145-2150 to turn price around. The correction after the bull run has a very high percentage of probability at the moment TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
CHZUSD → A break of resistance will strengthen the bullish trendBINANCE:CHZUSDT has been in the stage of forming an uptrend for the last half a year, but lags behind the general movement of altcoins. But, the coin is testing trend resistance, the break of which may give a surge of volatility. On the weekly timeframe, the market has obviously formed a bottom at 0.05, after which a reversal set-up with a positive long-term perspective is formed. But, for such realization the price needs to leave the resistance of 0.1640 range. On D1, the price is testing the resistance of the uptrend for a breakout. It is possible correction and retest of the nearest support area: 0.11637 - 0.10981. But, consolidation above the channel resistance and above 0.12000 will form a gorgeous bullish potential to realize a bullish distribution towards 0.14 and 0.18. Resistance levels: 0.120 Support levels: 0.11637, 0.10981 I expect that the attempt to break through the resistance may be successful. The coin has a little bit delayed with its growth and in the near future can show a good result of 19%, 30% and 50% BINANCE:BTCUSD CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL Regards R. Linda!
Long
by RLinda
13
GOLD → Retest of 2050. Can the price go even higher?FX:XAUUSD is breaking through strong resistance and testing the 2050 area, favorably influenced by the fundamental background from Thursday. The market is trying to move into a bullish phase, but globally the price is held back by a huge sideways flat. Idea from 29.02: GOLD → Consolidation is narrowing. The calm before the storm On H4 we see the price trying to form a consolidation above the previously broken trend lines of resistance. Support at 2041 is now playing an important role. Since the opening of the session on Friday, gold tested this area with a false breakdown, after which a bullish impulse was formed and XAU is already testing the resistance 2048. Img: Current situation: resistance breakout on H4 A break of this area will confirm the price going beyond the correction, which may help the upside to 2057-2060. But, a correction from 2048 is possible before a further rise to the above targets, and we should also pay attention to today's news. It is necessary to watch the price reaction to this zone. Resistance Levels: 2047.8 - 2049, 2057 Support levels: 2044, 2041 I expect the growth to continue, because both technically and fundamentally, the market is pointing to it now. But, there may be a fall in the price if the structure of 2044-2041 is broken. In this case, the price may head towards the channel support TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
20
GOLD → Consolidation is narrowing. The calm before the storm FX:XAUUSD is holding strong, yesterday's economic news also supported the price. The price of metal forms numerous retests of resistance, as well as forms a pre-breakdown consolidation. The complexity of the situation is that we have a very narrow range and within this range the market maker will gain liquidity by any means, but sometimes there are prerequisites that do not guarantee, but hint at a possible movement in one direction or another. Numerous retests of resistance and absence of fall after false breakdown of resistance with the subsequent return to the test and formation of pre-breakdown consolidation tell us that the market is ready for growth. But! Today is the news! Be careful! A break of resistance and the level of 2037.1 will form a phase of realization, in this case the price can realize the impulse to 2044-2048. But, if the price falls and breaks 2031, the overall structure will be broken. Resistance levels: 2037.1, trend resistance Support levels: 2034, 2031 Strong consolidation is forming on H4. Breakout of one of the boundaries will form a strong impulse. Now there are prerequisites for the breakout of resistance, it will happen only if there is a signal for the breakout and further confirmation. We continue to wait TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
25
GOLD → The price is coming down again. New targets?FOREXCOM:XAUUSD does not reach the resistance zone. Another strong seller appears on the market. The market pressure is formed and the price of XAU forms a set-up that predicts further decline to the range support. Today at 13:30 the US GDP will be published. Analysts expect GDP to decrease by 1.6%. But based on the general data there is a possibility that the data may be slightly higher than expected, if this happens, it is a positive scenario for the dollar, which will negatively affect the price of gold. Technically, on H1 there is a strong density of resistance and the price breaks the support of the local ascending channel, which plunges the market into a negative phase. Before the news a correction to resistance may follow before further decline. At the moment the target may be the area of 2015 - 2008. Resistance levels: 2031, 2034 Support levels: 2025.8, 2015, 2008 Gold is trading inside the range, the liquidity area on the resistance side has been tested, but the sellers are very aggressive on the background of the growing dollar. The gold price is heading towards the support and there is a high enough chance to see a retest of the lower levels. CAPITALCOM:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
11
GBPUSD → What can pre-breakdown consolidation lead to?FX:GBPUSD on the background of the bullish trend is forming a correction, which is within the descending channel. We have prerequisites that indicate the soon end of the set-up and the continuation of growth. Last week the price tested the resistance of the channel with a false breakdown, but it did not happen what everyone was waiting for. There is no fall and the price continues to consolidate and approach the resistance, which only increases the chances for the end of the correction and the exit of the price from the consolidation with the subsequent continuation of growth to 1.2827 or even to 1.30. The pound, on the background of the polytka, is holding strong enough, consolidation in the near future can move into the realization phase and show us the distribution. Resistance levels: 1.26836 Support levels: 1.2506, 1.26124 Waiting for the next resistance retest, which may give us an opportunity to work out the strategy "resistance breakout", with the subsequent renewal of highs and price growth. Regards R. Linda!
Long
by RLinda
3
GTAI - Buy now for another 100% profit in a weekTechnical analysis In the previous analysis on GTAI 7 days ago, I recommended buying GTAI at around 2.2 USDT per coin. The current price is 4.0 USDT, which is a great profit. Can this coin go to 8.0 USDT in 1 week or 2 weeks? I think this is definitely very possible. This is my new, fresh analysis of GTAI. As you can see on the chart, the price broke out above the ascending parallel channel, which is a huge sign of strength. Usually, what you want to do is buy a retest of the channel. Retest is already happening, so it's probably the best time to buy GTAI for another 100% profit in the short term. From the Elliott Wave perspective, wave (3)(3) is still in progress, so we are in the middle of a very strong bull market. You can also trade this coin on an intraday basis if you want to make some profit, but make sure you trade it on futures with "longs only" strategies. I do not recommend shorting this coin. GTAI coin is in the top 10 best gainers of the week, which is a huge success. GTAI is very popular among retail traders. It has around 352,000 followers on the X platform and a huge fan base. What is GT Protocol? The GT Protocol's robust ecosystem merges an investment protocol for decentralized Web3 funds management with Blockchain AI Execution Technology, both accessible through the GT API SDK. The ecosystem includes the GT APP, a Web3 investment platform, which has already amassed 70,000 registered users and has achieved notable milestones, including becoming an official broker of the Binance exchange and securing a partnership with the TRON blockchain. Blockchain AI Execution Technology: Simplifies crypto transactions, portfolio management and offers comprehensive AI-driven trading and investment tools through an AI conversational interface for both novice and experienced users. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
11
PYTH - new ATH, can this coin 20x in 2024?Technical analysis PYTH looks absolutely strong! This coin is listed on all major exchanges and is pretty easy to buy. Why do I think this coin is bullish? We can see that the price is going up after the listing on exchanges, which is a strong sign of interest. It will hit a new all-time high pretty soon, and after that, it can skyrocket. The accumulation phase should be completed, and we are ready for price discovery in 2024. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. About Pyth Network The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities. The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to "pull" the latest price onto their blockchain when needed. In less than a year since the launch of the cross-chain pull oracle, the network has secured over SEED_TVCODER77_ETHBTCDATA:1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
14
Mask - ready to start an inrcedible uptrendMask is ready to start an incredible uptrend; at least, this is what my analysis suggests. We can see that the downtrend ended with the descending parallel channel, and now the whales are accumulating contracts in this rectangle pattern. You can either wait for a breakout or buy a small correction. 471% profit is the minimum you want, but I believe we are going to go much higher than that. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Mask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top. Mask Network was initially launched in July 2019, with its first use case of allowing Facebook and Twitter users to encrypt posts on the social media platforms. It then raised $2 million in a funding round in November 2020, co-led by HashKey and Hash Global, and a further $3 million funding round in February 2021 with participation from Digital Currency Group and Fundamental Labs. Now, Mask Network offers the ability to fund Gitcoin grant campaigns directly from Twitter, as well as plans to offer peer-to-peer payments and decentralized storage functionality. It is a decentralized portal that also allows users to use DApps like crypto payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs) and decentralized organizations (DAO) over the top of existing social networks without migrating, creating what is referred to as a decentralized Applet (DApplet) ecosystem. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
7
GOLD → Resistance Retest. What are the chances of a FB?FOREXCOM:XAUUSD is forming a correction and testing strong downward resistance formed from 2150. The chances of a breakout are a little less than a false breakout, which, at this point in time, we are betting on. On the senior timeframe we can clearly see that the price is testing a strong resistance area. There is no clear trend, something similar to a descending triangle is forming with the boundaries: descending resistance and support area 1980-2000. Technically, even the imposed sanctions on Friday did not show a proper market reaction. On the background of high rates and tight Fed policy, the gold market is still under the pressure of sellers. It is still worth emphasizing 2038.15 and the downside resistance. False breakout and price consolidation below these lines, followed by a downward breakout at 2031.16 may form a price decline to the support of the 2021-2015 range. Resistance levels: red line, 2038, 2042 Support levels: 2031, 2021, 2015 At the moment we are betting on the formation of a false breakdown, as there are more preconditions for this than for the price to break this area. The market is still in a global flat TVC:DXY CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
14
ETHUSD → Retest 2800. What's next? Growth or pullback?BINANCE:ETHUSD is forming a gorgeous rally after breaking through the consolidation resistance of 2838. There was an idea where I pointed out the importance of this area. The coin is up almost +19% Idea: ETHUSD → What's the significance of 2300? When's the growth? Technically, the price is currently forming a trend retest and is at its highs. High interest in etherum as well as strong fundamentals play a favorable role for further strengthening of the pair. The main fundamental frontier is ETH-ETF, analysts are waiting for approval in summer, but so far it is only a rumor. Technically, after the rally, the price can form a false break of trend resistance and 2788.8 and form a correction to the risk area - 0.236 fibo or 2644 before further growth. But the market is so strong that consolidation above 2788.8 may form a local bottom, which will favor further growth to the above targets. Support levels: trend, 0.236 fibo, 2644 Resistance levels: 2788.8, 2952, 3275 A strong bullish trend may form a stop or a small correction before further growth. Technically and fundamentally everything is predisposed to the trend continuation. CME:ETH1! CRYPTOCAP:ETH CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
17
Bitcoin 14% crash to 44k is starting (levels)Technical analysis Bitcoin has pumped significantly in the past few weeks, but nothing lasts forever, and markets always move in waves. I am expecting a 14% crash to 44k in the next few weeks. Why? We can see that the price is now below the ascending parallel channel, which is a sign of weakness. Also, as per my Elliott Wave analysis, we have finished the 5th wave of an impulse wave. What usually follows is an ABC correction or a WXYXZ complex correction. On the chart, you can see my levels, which you can use as support or resistance (profit target or entry point). These levels are very strong, and the market should react to them. Usually Bitcoin loves to bounce from 0.382 or 0.618 Fibonacci levels, and I think the bottom will be at 0.618 FIB. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
181
GOLD → Negative fundamental background and support retest FOREXCOM:XAUUSD , as we expected, is declining. False breakdown of 2031, retest of global resistance and negative fundamental background leads to the price losing 0.9% from the local high. There is little news today, the fundamental backdrop for gold persists, as does the outflow of GOLD-ETFs from the market, which is a generally negative scenario. The dollar continues to strengthen, as well as forming a candlestick pattern that confirms the general policy. Technically, gold is testing 2015 and may form a rebound to 2020-2025, after which the market may wait for a retest of 2015-2016 with the aim of breaking the support and further decline to the mentioned targets. Both technically and fundamentally, the overall picture suggests further price decline. Resistance levels: 2021.5, 2027 Support levels: 2015, 2010, 2000, 1995 The situation is generally bearish. The fundamental background and TA determine for us the medium-term potential, which is directed towards the realization of the movement to 2000-1990 TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
19
EURUSD → Favorable background for the currency pair decline FX:EURUSD confirms the boundaries of the range 1.0887 - 1.0724 and is inside the flat. Touching resistance and the news on Thursday define medium-term targets for the currency pair. Yesterday the market received a portion of positive fundamental data for $, based on which the regulators continue to support the dollar index, which forms a candlestick pattern that portends further growth, which may negatively affect the euro. The price forms touching 1.0887 and subsequent decline to 1.0830. At the moment consolidation is forming below this level, which can accumulate the potential for further decline to the area of 1.0724. Resistance levels: 1.0830, 1.0887 Support levels: 1.0780, 1.0724 I expect a fall on the basis of TA and FA. Consolidation below 1.0830 forms the potential for further decline to 1.0780 and even to 1.0724. Regards R. Linda!
Short
by RLinda
6
XRP - Best time to buy is right now, here is whyXRP is currently sitting on the main support of the ascending parallel channel. This is definitely a great opportunity to buy cheap XRP. We have a leading diagonal wedge as wave (1) followed by a sharp correction wave (2). Wave (3) should be in progress. You can be sure that XRP is a big deal for huge institutions such as banks. They are already investing a lot of money into implementation of this cryptocurrency. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world. Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
11
BITCOIN → Is a correction before growth possible? New targets?BINANCE:BTCUSD is in a strong growth phase, updating the highs of December 2021. The price does not reach the 53K level and may forge a correction to support before further growth. Pic: Three key scenarios against the backdrop of a possible correction Why we should wait for a correction: Market potential (technical component) may get temporarily depleted and price may forage a correction to support to capture liquidity before rising further. On the 1-hour chart, the market is forming a consolidation in the range of 51k - 53,500. But at the same time the price bumps into the resistance and starts to feel some pressure from the sellers. There is nothing terrible in it, there is a chance for a technical pullback. It is worth paying attention to three possible scenarios regarding the correction to the support, indicated on the chart. In our case, the first liquidity area is the zone: 51256. The breakout and consolidation below the level will form a small liquidation and will be able to reduce the price to 0.236 fibo or to 48435. And the breakthrough of 48435 may provoke rather strong sell-offs. But against the general background it is unlikely. False breakout of one of the mentioned levels followed by consolidation above the level is the main pattern that will resume further growth. Pic: Bullish trend and key levels and zones There is an obvious strong bullish trend in the market. The price is overcoming the trend resistance, which technically can accelerate the strengthening phase of the price. But, before further growth, from a technical point of view, the flagman may test the support area (previously broken resistance), and in addition, the counter-trend correction is also a kind of liquidity consolidation. It would be good for the market to form another liquidity pool and local bottom before further growth to 53K, 58K and towards ATH. Pic: Strong support and resistance levels on high timeframe Both technically and fundamentally BTC is quite positive. Globally - the price is leaving the 51K - 42K range and thus makes us realize the situation that further promising targets are still ahead. Fundamental: - outflows from GBTC have significantly decreased - total open interest in BTC on major exchanges increased to the highest since April 2022 - net inflows into spot BTC-ETFs have been sustained for 15 consecutive days - BTC was included in the investor education program - BTC remains the most discussed token among the crowd Support levels: 51256, 50986, 0.236 fibo, 48435 Resistance levels: 52884, 53524 CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
34
EURUSD → Pre-break consolidation. What could happen?FX:EURUSD may try to break resistance and there are several prerequisites for this from a technical analysis point of view. The dollar index is trading quietly today as the US celebrates the President's Day. Volatility may be low, but there are preconditions on the chart that prepare the index to decline and the euro to rise. Index: price continues to tighten to support after a shakeout (long candle shadow) was formed. EURUSD relative to the channel resistance on H1 and 1.0785 level is forming a pre-breakdown consolidation after a pullback from the range support. The currency pair is testing a resistance breakout attempt and price consolidation above 1.07850 will form the potential for bullish distribution. Resistance levels: 1.0830, MA-200, 1.0887 Support levels: 1.0785, MA-50 I expect to see an attempt to break the trend resistance, with a high probability it can be successful, but this chance is not 100% percent. Consolidation above the above mentioned area may give us a chance Regards R. Linda!
Long
by RLinda
4
Bitcoin - 17% crash is starting! Buy again here:Technical analysis: Bitcoin is pumping, but be very careful because the price is currently at the strongest resistance ever. TOP of the parallel channel and 1.618 FIB Extension are definitely extremely strong levels. You do not want to go against it; rather, you want more confirmation. I recommend buying Bitcoin at the middle line of the ascending parallel channel on the log scale chart. On the chart, you can see my Elliott Wave count, and in my opinion, we are in wave (3) of the whole bull market. Are you ready for a crash or not? Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Fundamentals: How Is the Bitcoin Network Secured? Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies. How Is Bitcoin’s Technology Upgraded? A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade. For example, if users A and B are disagreeing on whether an incoming transaction is valid, a hard fork could make the transaction valid to users A and B, but not to user C. A hard fork is a protocol upgrade that is not backward compatible. This means every node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) needs to upgrade before the new blockchain with the hard fork activates and rejects any blocks or transactions from the old blockchain. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients. A soft fork is a change to the Bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a soft fork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules. Some examples of prominent cryptocurrencies that have undergone hard forks are the following: Bitcoin’s hard fork that resulted in Bitcoin Cash, Ethereum’s hard fork that resulted in Ethereum Classic. Bitcoin Cash has been hard forked since its original forking, with the creation of Bitcoin SV. Read more about the difference between Bitcoin, Bitcoin Cash and Bitcoin SV here. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
95