TERRA LUNA- Symmetrical Triangle In Play 10-15x Returns ShortermHello everyone thanks for checking out my chart. So what happened to LUNA is a tragedy and I really feel for everyone who has lost in this stupid mess. I didn't hold any LUNA pre-collapse but I have been trading it and making some serious gains in a short period of time. I don't think LUNA will recover anywhere even close to where it was, or even 50 cents. I think LUNA will max out at maybe a penny but thats wishful thinking too. You gotta think the supply now for LUNA is around 10 trillion if not more I couldn't find a solid source for it. With that many coins even at 50 cents the market cap would be more than double that of the total market cap of crypto which is not feasable at this time. At a penny it'll still be 60 billion dollar market cap, if I did the math right, and even at that price it would need some serious confidence from investors to be able to reach that and stay there in the top 5 of the crypto market. What I think will happen is it may bounce off a penny but essentially the coin is dead, it never really had any real world use case to begin with and just a bunch of pipe dream promises. Eventually all exchanges will delist it once the trading volume isn't worth it to them anymore. Once that happens it will fall off the map and be in the end of coinmarketcap with all the other dead projects. There is no way to fix this problem logically, if there was they would have implemented the fix already. There is also a lot of stories saying that there is over 10,000 Bitcoin worth of reserves is unaccounted for which raises lots of suspicion. In my opinion this was a planned exit scheme and there will be charges to follow I'm sure. The United States will crucify the bad actors in this ponzi and hopefully make an example out of them for how many people the robbed!
Anyways I'm not investing long term in this at all but I will trade these bounces. Trading volume is high right now and I forsee a nice run up to about .0026 which is about 10x where we are now. There will be a nice bounce because of everyone thinking they are getting in cheap and are holding hoping for a dollar or 60$ lol without realizing how much the total market cap would be at those prices with the supply now. I wouldn't listen to all that garbage to buy and hold its the same crap that people were saying when Bitconnect took a 5hit. Don't jump onto sinking ships.
This is just my opinion and not trading advice. Thank you for looking and if you find this content helpful please follow me and comment below your opinion. Thank you
LUNAUSD trade ideas
LUNAUSDT Part 2: My Opinion of TRADING a Falling KnifeHi Everyone! Yes, I started out this video with a bit of ANALYTICS first. THEN I got into my opinion of TRADING a "falling knife" situation.
Hope this is helpful...
Happy Trading and Stay Awesome!
David
LUNA - Harmonic BatTrying to ignore the Bearish Gartley and stick with the Bullish Bat pattern...
Anything below these levels will be a whole different ball game... Crypto's have the best RR for long positions since late July.
"The Bat pattern is a precise harmonic pattern that I discovered in 2001. The Bat pattern is probably the most accurate pattern in the entire Harmonic Trading arsenal."
-- Scott Carney
LUNAUSD - rally in the golden fib. zoneHere's a little update on my last idea, where i didn't take much into account.
Now, we are bouncing off the Weekly Golden Fibo. zone. - HUGE bullish engulfing, accompanied with high volume. If we can turn this into support, then we might be able to move to higher levels. The thiccck pink line is confluent with the 50EMA - if we can get above that, then we'll be looking strong again.
However, we are going to wait and see. Luna is still buying BTC, putting together the 4pool, and moving forward with their ambitions. We shall see where the market goes. Looking to break that all time high in the future.
Start buying as the VIX returns to 30?On the 28th of March the VIX dipped below 20 giving the signal that the market was on your side if a trim was in your investing plan-didn't fit with me since I'm long until we over shoot (around $155 short term). Today we are right back between 20 and 30. This could be a good time to add to positions like Luna if that fits with your investment strategy. $77.51 is the price I'm looking for to start DCAing while the VIX tests the top side at or above 30. Happy hunting Lunatics!
LUNA/USD - bumping it's head hardLuna is down ~30% from the ATH. They’re trying to do a lot with their blockchain when it comes to making BTC a reserve asset, and recently adding AVAX to that equation.
The price fell to the .500 on the retracement tool; we are currently rejecting the level, but we shall see if it holds. Either way, it’s good to let the price cool off for further upside. That opportunity won't present itself until price creeps closer to the 21EMA.
*The only thing added to this chart is the retracement tool.
*Do not use any ideas I post as a suggestion for financial advice. I do this as a hobby for my own investing, no one else’s. Skill level way below 9,000. Feel free to comment, discuss, or critique. I love to learn.*
Short - LUNAUSD @ $105 - $110Luna might restest old resistance but can reverse as early as 103 or down to 90$.
Please use proper risk management!
If it does reach 90$ a long position might be an option but we'll see how things play out.
Remember these are volatile markets and use proper risk management.
This is also NOT ADVICE!
The Fork Abides - Luna towards $160It's official! LFG.org has bought ~1 of the 3 billion UST worth of Bitcoin to serve as a depeg back stop. Seems that this buying is one of the catalyst for digital assets taking off a bit lately. The chart still looks like a cup and handle to me. That would point us to around $160 on a big, first pulse. Also looking at the low 200s if Luna FOMO kicks in. Most likely move is to 130-140 and continued gradual growth. Luna you are a strange bird in the world of crypto
Alternative - Cup and HandleMaybe the cup and handle already popped off and this is the retest down?
Dumb Idea - Cup and Handle100% Technical. I'm going to work on a post that lists new fundamental drivers of UST growth and resultant Luna price action to the upside. For now I'll just guess that a cup and handle is filling in here.
Do want to say that Wisdom Tree, Ritzholz, Titan Investments, and many smaller asset managers are adding Luna either directly or through ETP crypto indexes. Every firm and ETP that I see has Luna as the third largest holding after ETH and BTC. Recently heard some of the guys from Ritzholz talking about Luna being the strongest (technical) asset in crypto 'by far'! Check out The Compound and Friends for the brief, bullish mention.
Purely Technical, but...Nothing new to say about Luna really. Just the crab market holding back immediate all time highs. Check out KASHF on the Canadian exchange if you need to see a bullish move on related news. Kash.io recently started to roll out USD deposits from banks in the United States, this news lead to a +30% move up.
Looks like the 20 period EMA on 12 hours is as good a measure of where to buy as any (pull back to .382 Fib at near the same level)? $79 might be all the dip you get. Start to add at $80 if you don't already have a bag of Luna already
Luna - Bullish Candlestick Charting #Week04AssignmentCurrently, it is moving in an upward trend, I will wait for a correction to the new higher low and then make an entry.
Under $65 is a steal; Over $200 is a sellTerra has all sorts of things happening, from a Washington Nationals sponsorship to a multiple payment apps going live this quarter. From a technical standpoint it looks over sold and ready to climb slowly toward $100 again. This drawing includes a pitchfork to capture the current trend (fresh, but likely) and a 730 period moving average with a multiplier to predict potential min max range.
Luna strong pattern looking for $130 Luna in a Iheafd and shoulder, looking to break out of the wedge and low on the stoch and rsi
$LUNA breakoutLTF channel and trend breakouts!
dont expect new ATHs however, could see good pumps and retests of 95-100 range.
LUNA! Hello!Good Evening!
I see some signs of optimism for LUNA right now… and also continued bearish forces at play… but we may start to gain confidence in one of these scenarios as future unfolds before us in this very moment. .. . .
I should remind you to do your own homework… cause by the time you copy mine, it’s probably out of date… i update it continually on multiple time frames. .. . . So do you’re own homework, ok?
Also, i’ll update this idea (this particular post I mean) throughout the next few days as these scenarios play out . .. . . So follow me if you want to follow along.
Good Luck, God Speed, Love and Light!
Oh Luna... are you hungover?Wow... so the first thing i see here is the strong correlation of the RED bearish pattern. This pattern comes from the previous horizontal move one level up (and to the back if this pops into 3D for you).... so it has pretty strong (and likely) influence... especially as it was a top, and this is a middle... and then we get the bottom level. Thats Elliot wave theory.. its beautiful.
Any how, i am cautious about an exhaustion effort in the next move . . .. .
. .. . . the BLUE pattern stays, cause he has significant influence on the largest time frame for luna. . .. .
. .. . . and the GREEN one shows what a continued exponential run would have looked like. . .. .
I saw a meme with elon musk encouraging people to stop looking at porn and to quit drinking for the new years.... I concur. my aptitude and perception, and therefore my trading. . .. . . .. . .has been spectacular since i made those same changes.
Good Luck, Godspeed, Love & Light!
LUNAUSD concernsI was hoping LUNA would signal the end of an ABC wave with some bull run, but the last day or 2 appears to invalidate that. If we retest support here, it may be the case that there’s more downside to go. According to the volume profile and previous ATH the next real support zone lies near $77. I’m somewhat less than confident we’ve found the bottom.
Flag pole!I’d say the heavy orange lines are a pretty solid example of a mild level continuation pattern.
The blue measurements inside of it are exact projections of each other, showing drastic loss in enthusiasm for the bulls.
It also turned its aspect ratio outward in that peak of the first measurement
And…. Welll…….. .. . . . . Thats a long flag pole in the turquoise heavy dotted line.
I should mention that there can be a false breakout in this situation, so do your own home work… you cant just copy mine, cause I’m going back to work on it immediately after i publish this… cause i update it constantly.
Dotted lines are resistance… solid lines support… my chart is in 3d, and please disregard any of the highlighted traces for this discussion. Thats just my homework and notes.
Good Luck, God Speed, Love & Light!
LUNAUSD support metFirst support level met quite nicely. If Luna doesn’t hold this, then I’ll assume we are only beginning the C-wave of an ABC impulse.
Next real support @$74.