Kusama | The Poof Is In The Chart: Bear Market vs Bull MarketHere we have Kusama and we are using the log. chart, it looks better, but to see what is truly happening here one needs to take a look at the linear chart...
The top, "mountain peak" leads to a "descent" and this leads to a period of sideways action, then a bottom and then a new bullish cycle starts.
Notice that there is never a strong bull-market right after a strong bull-market. You can find this in hundreds and hundreds of charts. As beginners, we make the mistake of expecting and hoping to see a new ultra-strong wave develop after a mega-strong wave, this never happens. The truth is that a "descent" happens and then consolidation, then one final drop and then growth. I was one of those back in 2018, waiting, hoping, expecting for Bitcoin to continue straight up but this never happened.
It is the same situation many people got into in March 2024. Bitcoin produced a "mountain peak" and they start to wait for a new bullish wave immediately, a new mega-strong wave but this never happens. This was six months ago and so far we only have lower prices. Something to keep in mind.
We are definitely tempted to jump in; we feel and belief that yes, it will grow, soon, fast, strong; but the truth is different. Bitcoin peaked in 2024 and the next strong wave will happen in 2025. We learn the hard way.
Going back to Kusama. After a strong correction, consolidation and the final drop, it is easy to see growth. We don't even need any indicators nor signals, it is the market cycle... Since the down cycle is over, it changes and starts to grow.
We can expect a bullish wave next.
Targets on the chart.
Namaste.
KSMBTC trade ideas
✳️ Kusama Hits New All-Time Low, Great News!This is one of my favorite signals, the All-Time Low.
When a market bottoms, there is only one place left to go and that is up.
Kusama hit an All-Time Low vs Bitcoin (KSMBTC) late October 2023.
Here we can see a bounce happening right after this new level is hit and the action going above EMA10.
The strong signal here comes from the RSI.
We have a bullish RSI while action is happening near bottom, which indicates that a bullish wave is fast approaching.
The next signal, a bit more unconventional, is the descending MA200 line.
It has a downward bent, a strong down.
When MA200 moves down coming from above, prices tend to move up. This indicator works like a magnet attracting the action toward itself. Based on this signal we have an easy 100% potential short-term.
Additional details on the chart.
Thank you for reading.
See you tomorrow.
Namaste.
KSM/BTC - Kusama: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the NYSE:KSM / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.000817 | 0.000841 | 0.000895, and the major support zones can be found at 0.000763 | 0.000733 | 0.000679. Consider entering at the current price zone of 0.000805 and targeting higher levels.
◰◲ General info :
▣ Name: Kusama
▣ Rank: 155
▣ Exchanges: Binance, Kucoin, Huobipro, Mexc, Bittrex, Kraken
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Kusama is an early, experimental version of Polkadot that exists as an independent network. It intends to act as a sandbox for developers, allowing teams to deploy and test pre-release versions of their projects before launching them on Polkadot's mainnet. Kusama will also serve as a testbed for Parity Technologies leading up to the mainnet launch of Polkadot. Like its sister chain, Kusama uses a native token, KSM, to power computation and give holders the ability to participate in securing the network and voting on upgrade proposals.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.000805 ₿
▣ 24HVol: 1.770 ₿
▣ 24H Chng: 2.417%
▣ 7-Days Chng: 3.45%
▣ 1-Month Chng: -11.98%
▣ 3-Months Chng: -20.75%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.000817 | 0.000841 | 0.000895
◢ Support: 0.000763 | 0.000733 | 0.000679
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -3.23
▣ Last 90D: -1.30
▣ Last 1-Y: -0.89
▣ Last 3-Y: 0.85
◲◰ Volatility :
▣ Last 30D: 0.44
▣ Last 90D: 0.60
▣ Last 1-Y: 0.80
▣ Last 3-Y: 1.35
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.64 - Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth KSMBTC 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!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Kusama (KSM) forming a bullish Shark for next bullish reversalHi dear friends, hope you are well and welcome to the new trade setup of Kusama (KSM) coin with Bitcoin pair.
Previously we caught almost 20% pump KSM as below:
Now on a 4-hr time frame, KSM is about to complete a bullish Shark move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
$KSM/#BTC [#Kusama]: Resistance_Breakout◳◱ Hey traders, we've identified a Resistance Breakout on the $KSM / $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 0.001598 | 0.001731 | 0.001944 and the major support zones are respectively at 0.001385 | 0.001305 | 0.001092. It is a bullish indication and we may consider entering at the current price zone at 0.001782 and targetting higher levels.
◰◲ Technical Metrics :
▣ Current price: 0.001782 ₿
▣ 24H Volume: 43.975 ₿
▣ 24H Price change: 7.349%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.001598 | 0.001731 | 0.001944
◢ Support: 0.001385 | 0.001305 | 0.001092
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.50 - Bullish
▣ Reddit sentiment score is 0.32 - Bearish
▣ In-depth KSMBTC 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!
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here
#KSM/BTC - Long - Potential 100%#KSM/BTC - Long - Potential 100%
Strategy: Long
Exchange: Multi-Exchange
Market: Spot
Entry Mode: Limit DCA
Invest: 6.07%
Exit:
• ⎿ Alvo 5 : 3352 100%
• ⎿ Alvo 4 : 2514 50%
• ⎿ Alvo 3 : 2011 19.99%
• ⎿ Alvo 2 : 1843 9.96%
• ⎿ Alvo 1 : 1759 4.95%
DCA Entires
• ⎿ Entry : 0.001676 - 100%
• ⎿ Current Price: 1671
Stop: 1400 (-16.47%)
Technical Indicators:
• ⎿ Volume 24h: 26.59821492
• ⎿ Satoshis: 1673
Consolidation break out. BTC pairs could pump as BTC price stalling, employ a trailing stop triggered at TP1 going into the weekend. DXY is falling but BTC is holding firm.
Trade: KSMBTC 17/02/2023 12:00
Account: SPOT
Volume last 24h: 26.60 BTC
KSMBTC - Broken Trend, No Power Move Yet!A few weeks back KSM made a strong move upward and out of the trend line it's been ranging underneath for some time now.
Since this break we haven't seen a large movement either upward or back under the trend line - we seem to have entered a phase of consolidation at the current price range.
We have received a Buy signal from CTv2 so we're feeling pretty confident that the price will be heading upward soon, we've illustrated 3 potential TP zones above, at 5%, 15% and 25%.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Kusama (KSM) - Bullish divergenceContinuing along the theme that the best opportunities are found in alt-tokens…
On the above 2-day chart price action has corrected a whopping 90% since last June. A number of reasons now exist to be bullish , including:
1) Double ‘incredible buy’ signals.
2) Price action and RSI resistance breakouts.
3) Regular bullish divergence . 9 oscillators are currently printing bullish divergence over a 26 day period.
4) Weekly price action is on strong support (weekly chart below) with bullish engulfing candle.
Is it possible price action falls further? For sure.
Is it probable? Very very unlikely.
Good luck!
Ww
PS: I’m not trading this so please ask below for updates.
Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: don’t know
Weekly chart support and resistance
Kusama (KSM) formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Kusama ( KSM ) coin with Bitcoin pair.
Previously I shared a long-term trade setup for KSM , which is still in play:
Now on a 4-hr time frame, KSM has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Kusama Exit strategyKusama will like do quite well since its going to be testnet for Polkadot, Very likely the Parachain autions will push the price to 5x against bitcoin.
I think there a tone of money to be made expecially when Defi launches on Kusama, of course I expect big liquidity mining programs on a fast and cheap network
Sharing a full trade setup on KSM!!!So this is my first time sharing a full pending trade <3. This is not trading advice, but a trade I'm going to watch and take. We have a perfect retest of the trend line marked by a small red arrow. Had a really good spike down to our buy zone, showing what the market believes is the bottom (high vol selling there). from there, interest has tappered off. But when the vol returns, it should scream. Targets marked. What are your thoughts? Look like money to you? Leave a comment or hit that like button for your friendly neighborhood Pika.
SL is the purple.... just in case. No one is right all the time!
KSM/BTC buy opportunityHi followers,
BINANCE:KSMBTC already confirmed an up trend with 2 higher lows, break above the sideways consolidation area and retest.
Nice opportunity.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!