MultiversX (EGLDBTC) —First Time Bullish Since 2021I just want to show you the bottomed out ones. The ones that already hit bottom, started to recover and are ready to move.
You know, we can become distracted tracking the pairs that are already moving strong. We see those pairs and we want to buy but it is already too late even if they continue moving up. I have to buy at the bottom and wait patiently until it grows. Someday, it will be at the top of the list and I will be already in for months. That's how I get maximum profits.
So you buy at the bottom and wait. No hurry, no doubt, no fear, no anxiety, no mistakes. Since you bought low, the market can retrace and it wouldn't be a problem. Since I bought low, the market can do whatever it wants... Once we hit bottom, the only place left to go is up.
I am showing you the pairs that have a higher chance of hitting it big. Don't get me wrong, market conditions can change, but with these we have low risk and a very high potential to collect huge profits after the bullish wave is in.
Make money fast or make money slow?
Forget about the speed; not fast nor slow; just buy and hold.
➖ Some pairs will move days after you buy, that's great.
➖ Some pairs will take weeks and that's also good.
➖ Some pairs will take months.
➖ Others will fail, that's how it works.
We cannot win them all, but if we have a sound strategy we can come out on top.
I am wishing you the best in the whole world.
My heart is shinning bright today, feeling grateful for your amazing support.
Namaste.
EGLDBTC trade ideas
MultiversX (EGLDBTC) Breakout SignalRecently, EGLDBTC (MultiversX) went through a breakdown of support, these are the blue lines on the chart. The break of support produced a new ATL and also a rounded bottom that is now fully complete.
Here the bullish signal comes up as a fractal, a repeat of mid-2024 and super high volume.
➖ First, support breaks and prices moved lower. Once bears are done selling and sell beyond the last mayor low, they become exhausted. Super low prices tend to be a bullish situation for buyers.
➖ Second, the same dynamics happened earlier this year. A down-move turned into a breakdown and the breakdown produced a rounded bottom, the rounded bottom signaled the start of a new bullish wave.
👉 We have the down-move, the breakdown and rounded bottom. This rounded bottom is now complete and strong bullish action is present with the highest buy volume ever. What follows is a new bullish wave.
Additional details on the chart.
Thank you for reading.
Namaste.
Trade Signal for EGLDBTC: Sell OpportunityAttention traders! Based on the analysis through the EASY Quantum AI strategy, we have identified a promising sell opportunity for the EGLDBTC pair. Here are the details of the trade signal:
- Direction: Sell
- Enter Price: 0.000452
- Take Profit: 0.000443
- Stop Loss: 0.000459
Analysis and Justification:
1. Market Trend: Recent patterns and movement in the EGLDBTC pair suggest an overall bearish trend. This aligns with our strategy indications that the market sentiment is leaning towards selling pressure.
2. Resistance Levels: The pair has approached key resistance levels that historically have been difficult to break. This further strengthens the case for a potential rebound downwards at the enter price point of 0.000452.
3. Volume Indicators: Volume analysis indicates a decrease in buyer momentum, suggesting weakening demand at current price levels. This makes a compelling case for entering a sell position.
4. Technical Indicators: Supporting technical indicators (such as moving averages and RSI levels) also confirm a bearish setup, providing additional evidence to the sell prediction.
5. Risk Management: Proper risk management is ensured with a stop loss at 0.000459, minimizing potential losses, while targeting a take profit at 0.000443 optimizes gains in line with observed market dynamics.
Stay cautious and ensure to follow your own research and risk assessments alongside this signal. Happy trading!
EGLD Double Bottom (Buy & Hold —Sell At The Top)This is a classic pattern and here it is very strong. We are going to support EGLD's double-bottom pattern with the volume indicator.
Notice how high is the trading volume at each low.
EGLD hit a low in June 2024, then this low is matched in August 2024.
A little bit of basics: For this pattern, the price does not have to exact, nor the same, just close/in the vicinity of the previous low.
The high bull volume at each low indicates that this is a strong support level thus we can expect a reversal to take place next.
The target on the chart is only short-term. This is because this chart is young. It can go much, much higher.
Here I am only alerting you of the bottom formation so that you can buy and hold. Sell when we reach the top.
Thanks a lot for your continued support.
This is all for today.
Namaste.
EGLD breakoutEGLD is breaking out against both its BTC pair as well as the USD. The point of confluence aligns with a potential FED rate cut, leading to increased liquidity for risk-on assets.
For continuation, we really need a close above 0.001810.
Targets in gold on chart. NFA.
The zoomed in chart, and the USD pairing look juicy as well.
EGLDBTC LongAs it seems, EGLD is making a double buttom pattern with a good daily demand zone. If the flip reversal would be justified, it can give the opportunity to open long position for 25 to 50 percent profits. this is not a financial advise, but only a personal view. if you want to act, never forget your own strategy and risk management.
EGLDEGLD is bleeding against btc since nov-2021 , if 0.00085-0.00070 does not support prices , we could see more blood to come for multiversx .
0.0005 area is target 2 , we have 0.0004-0.00025 as area 3 .
the downside continuation could give as 17-10$ for EGLD only it stops bleeding against btc or btc soar to 40K levels , here we can see btc.d go higher and perhaps egld/btc surgs to the targets i gave without lower prices in dollar pairs, otherwise , low btc 23-26k level with low egld/btc price , is not good for EGLD .
note that : the first target coincides with 2021 yearly open , fib clusters ,trend line and an order block(demand area) .
this is not a financial advice
thank you
#EGLD/BTC - Long - Potential 6.79%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#BTC_EGLD
Exchange: BINANCE
Timeframe: 360
TP1: 0.001259
Entry: 0.001179
STOP: 0.001099
Entry Conditions:
| Support bounce
| Tredline break
| Oversold
| RVI breakout
ALT re-accumulation possible here, even if just DCA algo's buying the dip's. Be wary of the news cycle CPI data and likely more Binance FUD dropping later today.
If inflation comes in high we could see risk assets drop - so close early if in profit.
EGLDBTC.TIME TO GO UP.EGLDBTC : Weekly analysis
EGLD is my favorite currency and I have seen interesting movements from it during these two years.
According to the divergences observed in the weekly time frame, I believe that it is ready for a big move, Since it is located in a good demand and has a good view candle stick price action.
Im looking for entry in daily timeframe.
BINANCE:EGLDUSDT BINANCE:EGLDBTC
EGLDBTC: Re-accumulation or Distribution?I have been looking at patterns for re-accumulation for a while for $EGLDUSDT, but it is actually when looking at EGLDBTC when it could really fit with the traditional patterns. As we know, both wyckoff patterns are exactly similar at the beginning, and it is difficult to find out which one could be playing out, if any.
It is difficult to imagine that EGLD goes as far as to overcome previous top, right? But we all thought the same when it did the previous top :) The number of features that MULTIVERSX has created recently is impressive, and it really depends on the discussion that is happening today of having or not an ALTCOIN SEASON coming soon or not.
What do you think?
$EGLD/#BTC [#MultiversX (Elrond)]: Resistance_BreakoutHey traders, we've identified a Resistance Breakout on the $EGLD / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.002065 | 0.002156 | 0.002386 and the major support zones are respectively at 0.001835 | 0.001696 | 0.001466. It is a bullish indication and we may consider entering at the current price zone at 0.002031 and targetting higher levels.
Technical Metrics :
Current price: 0.002031
24H Volume: 22.4774 Ƀ
24H Price change: 2.888%
- Pivot Points - Levels :
Resistance: 0.002065 | 0.002156 | 0.002386
Support: 0.001835 | 0.001696 | 0.001466
Indicators recommandation :
Oscillators: SELL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth EGLDBTC technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Elrond vs Bitcoin | 50%+ After ConsolidationElrond (EGLDBTC) has been consolidating since the June V shaped recovery.
We favor the bullish bias because of this same recovery.
It has been sideways for a long-time and now prices move above EMA50 with a strong RSI.
We have room for growth.
- Define your own risk.
Additional details on the chart.
Namaste.
