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KASPA / BITCOIN

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KASBTC trade ideas

KASBTC Break Out Incomming?KASPA has been bleeding agains BTC for the better half of a year and has clearly formed a bullish falling wedge structure in the KASBTC Pair. KASPA vs Stables has been trading in a range for 14 months with the range low coming in around 0.10 and the range high around 0.19 based of Volume Profile. Is KASPA about to bottom out against BTC and start another huge move that greatly outperforms its BTC pair? for this to happen we would have to also see a break of this 14 month range to the upside and we can only expect the move to be extremely violent considering the amount of time the asset has consolidated. KASUSDT Macro indicators are all oversold with the weekly stochastic RSI touching true zero for the fist time since the asset was trading for 0.015. with a potential higher high in the Stochastic wave and in the weekly price action I am looking for Bullish Convergence to print shortly after KASPA moves back above 0.128. Additionally the Weekly MACD moving averages is set to print a lower low tonight while KASPA price action trades in a small higher high range printing large time frame Bullish Divergence on the MACD. Obviously I am watching BTCUSDT closely to avoid getting into a position that looks good technically but maybe lost simply from the over all market moving down. But, I don't see how BTC doesn't continue in the next week as Trump takes office and the FED continue to move towards one of their two scheduled rate cuts. Regardless KASPA at its current price of 0.118 is an excellent buy with fibonacci targets as high as 0.51 for a range break out. I expect any price break down from this current level to be bought up very quickly.
Long
by AlexSpicer94
KASBTC stochastic most oversold KAS's price action recently has been divisive. It out-ran the rest of the market for almost an entire year and it's now trying to find a floor. The network has gotten fundamentally stronger since the price action slowed down (secondary assets are now a reality on the network, the hash rate has increased more and more and the KAS token is the only cryptocurrency being looked at by Grayscale, to join its small stable of digital currencies). For those of us who believe the project is the most revolutionary tech, in a practical sense, within the cryptocurrency market, the recent price action is just par for the course. But what do the charts tell us.... For anyone looking to minimise risk (NFA), the KASBTC chart is showing (green circle) that KAS recently had the lowest momentum and most oversold properties, relative to BTC, in its history on the CoinEx exchange. This coincides with it touching a logarithmic support line (turquoise line). Now of course, BTC has pumped up to an upper resistance trendline recently. If KAS remains stagnant, then what happens next to BTC (and whether it breaks through that resistance line), will have a large impact on whether KASBTC jumps from this support line (turquoise line). The other option is that KAS starts massively outperforming BTC again. Either way, the charts effectively show that, provided you believe in the project, this is the lowest risk buy for KAS in a long time (April of this year was the last time the risk was effectively this low). If you look at kasparainbowchart.com, which is based primarily off of the power law, it also is at it's most bearish extreme (in fact, that website gleefully states that "Kaspa is Dead", however I hope that is tongue in cheek, given that it has recovered from that extremes before, however that was only once in 2022, relatively close to its genesis and long before the power law was even a consideration). Ultimately, I personally feel that KAS needs Tier 1 exchanges to compete in this cycle. The tech is the best, but if the volume doesn't come in, investors may start to lose faith. For now, I will hold strong.
by JaMoonBoy
KAS vs BTC looking strong, supported by the golden pocket.Resistance turned support at about the golden pocket since breaking out on the 26Jun'24 and the first successful retest on the 23Jul'24, and with the latest retest on the 6Sep'24. Ichimoku cloud have turned green as well since previous analysis. A strong pump up to above the 50% Fib retracement level before dropping back down, suggests substantial capital awaiting on the sidelines to re-enter upon sign of a turnaround. High probability of KAS recovering back towards ATH if it is able to hold and establish support above the green 50 SMA line, and to eventually allow the red 21 EMA line to cross above again.
by cybernetwork
First sign of KASPA ($KAS) turning bullish vs BTCKAS had fallen below the golden pocket and tested the (thick orange) 200 daily SMA, but failed on the 8Mar. It had since remained below the 78.6% Fib retrace lvl after an attempt to retest the 200 SMA again on the 22Mar. I had been slowly accumulating more KAS below the 78.6% Fib lvl and have now doubled my KAS holdings; after having stopped DCAing into KAS after it had previously pierced above 0.05USD (see the previous 5Nov2023 chart analysis tag). It remained below the 78.6% Fib lvl until 25May, where it first held support, finally, above the red 21 daily EMA ( setting a second higher low ). It subsequently retested the 78.6% Fib lvl again on the 28May and eventually bounced off the 21 EMA to successfully pierced above the 78.6% Fib lvl as the resistance line on the 2Jun. If the following daily candles continues to hold above the 78.6% Fib, the next level to look out for is the orange 200 SMA line , still lingering just below the golden pocket . If KAS is able to pierce above the 200 SMA into the golden pocket, this will set up KAS to retest the 0.5% Fib level, which if successful, it would then very likely continue to pierce above the relatively much weaker 38.2% and 23.6% Fib resistance levels for another revisit of the ATH and to hopefully set a new ATH for a blue sky breakout .
Long
by cybernetwork