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MATICBTC trade ideas

✳️ MATIC Network vs Bitcoin | A Very Difficult PositionHere is a great example of a chart that we do not trade... I will explain the reason why. MATICBTC has shown great resilience, amazing strength because it remains trading near its All-Time High while the entire cryptocurrency market was going through a terrible bear market. Now, we have many technicals that support the bulls such as a strong RSI and prices trading above EMA50, so why avoid a chart like this one? The markets are unpredictable... Anything can happen at all times and this chart is a great example. Now, the only way to trade spot on is on the long side... The lower the price, the higher the potential for growth. The higher the price, the higher the potential for a drop. While this pair can continue to grow for years to come... We have a double top long-term, one in May 2021 another one in November 2022. This is not good. We look for pairs that are bottomed out or trading near a strong support. Once support is tested and holds there is high probabilities for prices to move up. In case a breakout fails, we have a tight stop-loss. 5%-15%. While on a chart like this one there is lots of room for prices to drop. Here are some examples of charts where you see support being challenged an a potential for the trend to reverse: ✳️ Chiliz vs Bitcoin | Very Interesting (66 to 114% Potential) ✴️ Fantom Looking Like July 2021... 2,180% Wave To Go UP! ✳️ Kava Rebound Points To Easy 40%, Up To 100% Possible ✳️ Ethereum Classic vs Bitcoin Fully Mapped (70% to 198%) ✳️ Zcash About To Print Strong 100%+ Growth! Notice that they are bottomed out while MATIC is trading near its All-Time High. Thank you for sharing. Namaste.
M
by MasterAnanda
1
MATIC/BTC Bearish Analysis ( Adam & Eve Pattern ) Expecting -70%#MATIC/BTC Technical Analysis:- #Matic Chart currently trading around 5142 Satoshi And Also Trading at Strong and All time High Resistance level. As Per chart Adam & Eve chart Pattern Forming on TOP so IMO it’s bearish Because Adam & Eve Chart max Form at Bottom for Bullish confirmations. So IMO this will be Trap so Be aware at this Level if you are Planning to Buy/Long in BTC Pair. If I am talking about Long Term MATIC/BTC price analysis then I am bearish and Expecting -70% more down from this Level. We can see max 10-20% Upward spike before Big Down Move. Exit Points:- 5200-6200 Satoshi Targets:- 3600/2500/1800 Satoshi This Is Spot chart Analysis so don’t try to Enter in Leverage trade. Support:- 3600/2500/1800 Satoshi Resistance:- 6000 Satoshi
MShort
by CryptoPatel
4
MATICBTC Can Matic trigger a new Alt Season??The Matic Network (MATICUSD) has been on an impressive run as of late. On this chart we see the relative strength of Polygon against Bitcoin (BTCUSD) on the MATICBTC pair. As you see the price is about to test the December 2021 High, which along with the May 2021 High form the long-term Resistance Zone. It is obvious that this draws comparisons to the pair's previous Cycle. A first test of the Resistance level at the time, failed but a second one only a week later, established the Resistance as a Support and started a parabolic rally. The Gaussian Channel seems to indicate that we are about to see this break-out. Do you think this can be enough to trigger and if already, confirm, the start of a new Alt Season? ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
MLong
by TradingShot
8
Polygon Vs Bitcoin | The Same Pattern & More (Fast 20%)We can find multiple bullish patterns on this chart, MATICBTC (Polygon). See the Cup & Handle: The "Same Pattern": This is the pattern we see in all the altcoins. First a low 12-May followed by a lower low 13-June (notice the high volume signals that the bottom is in), followed by a bullish breakout. This bullish breakout will push prices above MA200, a 20% price jump, just to start. There is more but we will look at it through other charts. We continue bullish all across. Namaste.
Long
by MasterAnanda
1
MATIC/BTC DominanceOn the fundamental part is Polygon always delivering but the next few weeks could be special. They will introduce new zkrollups and they will be integraded in smartphones from HTC and Phone1 from "nothing". Besides that is the polygon network running a beta version for nft on facebook and instagram wright now. Dominance will moon cause I think Bitcoin will go sidewise for a wile. Matic will repeat what it did twice already. Greetz dikka.eth No financial advice.
MLong
by dikka_eth