SEND IT!!XLM is the slow mover, until it isn't.
Looks like we're primed for another leg up.
$0.73 is the next stop!
ALT
Strong Rally AheadSxp (swipe) is bound for great things.
Pretty much every dip has been bought right up and I think we're doing wave 3 soon.
Looks like the upward trend is back on track and it's a buy. Not sure how far it can go but I plan to hold.
(Not financial advice)
This could be BIG!!!Other block chains are really stepping up their game and xDai (STAKE) is one of them. Definitely a dark horse in the race imo.
Looks like a nice impulsive rally followed by a huge cup and handle formation. When it breaks out to new highs I'd imagine it will take really take off too.
$200 is my target.
Let's go.
FORTUNE TELLER ~ AUDIO/USDT PREDICTION... (Just for fun)Trading isn't predicting. I know I'm setting myself up for failure here, but as the title indicates THIS IS JUST FOR FUN - NOT FINANCIAL ADVICE!!!
Contrary to popular belief, I cannot predict the future.
But I think there's a strong possibility AUDIO (and a number of other alts) are currently in a re-accumulation phase, building towards another run up...
If true, I would predict that AUDIO'S PA is going to continue to be affected by the resistance zone.
I DON'T expect the curve I drew to hold up perfectly. Audio may even continue ranging for a while and invalidate the timing of this prediction.
we shall see......
I just hope you realize......
that since I posted this.... Audio is probably going to crash instead XD
happy trades guys and gals
CD
FTM UPDATE: NEW ENTRY IDEA: BULL FLAG SETUP I posted a setup for FTM exactly one month ago, and after a nail-biting dip, proceeded to pump 240% !! Congrats to those who held on / bought the dip!
Now FTM is showing some more bullish signs, indicating there may be more potential upside. Chart is pretty self explanatory.
Consider this a medium-high risk trade unless we see a confirmed breakout/retest with volume or a bounce / double bottom off of support.
May be another weeks-long hold unless you really nail your entry!
If my posts have been less frequent recently it's because I'm in a lot of trades right now because I'm bullish on alts. Still taking profits and keeping plenty of USDT on the side, though.
happy trades!
CD
FTM BTCFantom's last cycle wasn't completed due to the sooner correction of BTC, so we are able to say that a cycle still remains & we should wait for the pullback •
⚠️ my technical analysis are mostly based on the e-waves plus Fibonacci and price action, you may not see them in my charts because it is hard to see the overall charts and candles
REQUEST NETWORK/BTC - Huge Upside gains at low risk!REQ/BTC is a coin I personally hold on spot for the mid to long term upside gains.
REQ has found significant support at the 0.5 fib level (208) after its break from the lows to hit a local high at 351. Right now its currently forming a bullish pennant , alongside low volumes, this suggests a strong consolidation and a breakout of the flag sooner or later. Seller pressure is almost insignificant.
1. For now, a low risk high reward trade would be entering on the support line - 0.5 fib confluence with bullish flag bottom:
Entry: 208 - 235
Targets: short term 351, 420, 500 ++ and on the longer term - 1100 and 1300 ++
Stop loss: 151 - Below the 0.382 fib level and previous resistance flipped support (180)
2. Another possible entry with breakout confirmation is entering on the breakout of the pennant. This can also be used to add to dips with the trade above ongoing.
Likely scenario is a bullish candle close above the wedge, hits the last local dominant resistance at 0.786 fib (290), comes back to retest 0.618 fib level confluence with wedge top around 246 - 265. A rebound from here will take us to go for the local ATH at 572
[XYMUSDT] 200% in the next few weeks?Hi all, everything is on the chart :)
MACD and RSI both oversold and in down trends for a while now.
We might see a rebounce soon as we formed a nice descending channel.
If we reach 0.618 fib retracement we can expect a nice 200% gain from its current price.
This is not an investment advice, DYOR
Good luck all!
AAVE break of the trendZzzAAVE broke trend resistence on lower time frames and now Im waiting for it to break the trend also on higher time frames (as shown in my chart). If BTC continues to go up or consolidate in a sustainable range we should expect everything (almost) to go up of course.
BTC dominance hovering above 50% - the real fun with ALTs begins when we broke magic 50 :D
XRTUSD - Alt Coin, Crypto LongPrice broke out of the ascending triangle & now trends up. Expecting a big move to the upside shortly
We're a little early to the end gameOBV & RSI peaked at the blow off tops of 2017 and 2013 alike. Not here in 2021... RSI is cooling off, BTC has been chilling, and we got some time to kill.
Below is 2019s bull trap. Look at how similar the data is. That's because we're early. 2019 was early. May 2021 is still early. We've got nothing but time until the end game. For now, it's alt season.
here is 2017s blow off top // notice how every datapoint peaks at roughly the same spot
2013s blow off top
2013s 'little too early' blow off top
BTCUSD W4 Apr 2021Bitcoin
👉🏻 With the power outage in China which has caused almost 40% of the mining activities being halted, we have seen a huge sell of of over 25% off the highs. Before any power is restored, we could probably see Bitcoin makes its way to the next major support of 46,000 - 44.000 region. Other alt coins will follow the papa as well.
This land is mine - says BTCAs you may have seen in several of the last posts, I have been focused on the connections between cross pairs and instruments. My main trading is mostly FX, but with a lot of interest in the crypto space I have been adding some content on this and running commentary on the BTC drops recently.
It's amazing to see professional money enter the market, but what most people don't understand is, that it's not "pro money in = price up" there's a lot more to it.
So firstly; go and check out the last couple of crypto posts.
The second point is - there's something interesting here.
Now think, if we can see it - who is going to be attracted to this point? Then of course we have the 50k "round number" all retail games of the mind.
I have been asked several times recently, about the correlation of other coins. Quite frankly, BTC is only now becoming institutionalized. ETH will come but it's not there 100% yet (neither is bitcoin YET ) - But look at what happens with a chart overlay on ETH over BTC.
Then on the strength indicator - we can see a slight blip on ETH but not XRP or BTC. You need to keep in mind that there is a lot of hype in the market so a blip here and there is to be expected.
The daily Quadratics show we are still in negative territory on a daily and the rise in the ATR would also suggest a gain in momentum. COT data tonight will paint another clearer picture of next week's bias.
Then we can look out to the weekly; we are positive in terms of bias (look back at the Elliott post) showing this as a weekly pullback and not an overall down move.
Why XRP - what about XRP? Well XRP has now over 300 institutional clients and an actual real use case. Although BTC is a store of value, the fees make it hard for any real adoption. Whilst Ripple allows more complex transactions (think wealth manager tasks) in fractions of seconds. This is a strong case for XRP as long as they clear the next SEC/Congress situation. Until then BTC will stay dominant.
We will be covering some of this on Monday in a stream on TradinvView with my good friend @Paul_Varcoe who will be hosting the stream. Hopefully, a time will be released later today.
Overall bias "LONG" crypto but short term - clear as day we are in a messy (3) - (4) move down on BTC which currently drives everything else.
Have a great weekend all!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
