AUCTION/USDT Technical Analysis: Potential Long Trade SetupAUCTION/USDT Technical Analysis: Potential Long Trade Setup
Hey Traders!
Check out this technical analysis on AUCTION/USDT for a potential long trade opportunity. Remember, this is not financial advice, and always do your own research before investing in any coins.
Price Action Analysis:
AUCTION/USDT has seen an impressive 300% surge in the past week. However, it's crucial to approach trading with caution and not let FOMO (Fear Of Missing Out) guide your decisions.
Long Entry Strategy:
Based on my analysis, Wave (III) seems to have completed, and a correction in the form of Wave (IV) could be coming. If you're considering a long position, wait for the completion of Wave (IV). A retracement of around 40-50% from the peak of Wave (III) is expected.
Ideal Entry Zone: $8.88 - $10
Stop Loss: $7.58
Price Targets:
Should the anticipated pattern play out, significant upside potential is possible. Primary price targets for the long trade are set at $17 and $22.
Risk Management:
Remember, risk management is crucial in trading. Enter the market with a well-calculated risk-reward ratio to protect your capital and avoid substantial losses. Consider short trading opportunities as well, but be aware that they may require a wider stop-loss due to higher volatility.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, so exercise caution and conduct thorough research before making any investment decisions.
Happy trading, and may the markets be in your favor!
Follow us for More Quality Content.
Thank you
Auction
AUCTION new volume 📖💡Hello 🐋
based on the chart, we can see explosive and new volume for the price and break out of the descending channel and parallel channel 📖💡
for
first target definitely we expect more correction close to our Fibonacci levels 💡📖
and
in the long term, we expect even more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
AUCTION/USDT - Bounce: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the $AUCTION / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 4.18 | 4.33 | 4.7, while substantial support zones are identifiable at 3.81 | 3.59 | 3.22. It is highly recommended to seize this opportunity by entering a trade within the present price range of 4.27 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Bounce
▣ Rank: 442
▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: Financial - Crowdfunding
▣ Overview: Bounce token (AUCTION) is an Ethereum based token used to power Bounce.finance's platform - a decentralized auction protocol - and its governance of the protocol. The Bounce web app is available for all Ethereum and Binance Smart Chain based assets. Bounce.finance's decentralized auctions allows users to swap a limited supply of tokens in a competitive environment.
◰◲ Technical Metrics :
▣ Mrkt Price: 4.27 ₮
▣ 24HVol: 585,013.576 ₮
▣ 24H Chng: 5.172%
▣ 7-Days Chng: 5.83%
▣ 1-Month Chng: -11.73%
▣ 3-Months Chng: -26.39%
◲◰ Pivot Points - Levels :
◥ Resistance: 4.18 | 4.33 | 4.7
◢ Support: 3.81 | 3.59 | 3.22
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.75
▣ Last 90D: -1.86
▣ Last 1-Y: 0.25
▣ Last 3-Y: 0.15
◲◰ Volatility :
▣ Last 30D: 0.63
▣ Last 90D: 0.63
▣ Last 1-Y: 0.95
▣ Last 3-Y: 1.84
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.76 - V. Bullish
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.44 - Bearish
▣ In-depth AUCTIONUSDT 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.
▣ 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 - affiliate link -
The Roller Coaster is always a Bumpy ride 🎢The Market can feed everyone but it's not not the market's duty. The market's duty is to provide a playground for a fair auction to take place. The conditions and the rules at the playgorund change from time to time but principles never cease to exist. The market needs liquidity to trend and it's the losing trader's emotion that fuels that. The market will achieve it's own goals just as mother nature and the dragon of time will eat us all. The market is a neutral entity and not one of us as participants are immune to it's wrath. Respect the market as it can stay irrational longer than you can stay solvent. Pay close attention to money management and/or Position sizing because it will help you attain your goals.
With all that said I have outlined my favorite level's on the chart.
There are traders buying the high and the market will not make it easy on them.
Or maybe the market breaks everything like the night king in Game of thrones.
All you should do is take good risk/reward ideas. Create a system suited towards your
personalities and inclinations. Orient yourself to what is most comfortable but be pro-active with your
entries. Cut your losses short and let you profits run. Don't cut your winners just because you want to be right about the direction.
Pay yourself for the time you spend in front of the screen.
I have other obligations but the way I would go about trading interest rates would be to wait 1Hr after the news. Once the market has decided the direction, I lower my position size and follow my system's entry technique for trading with momentum. Additionally, If the market reacts off one of my level's I will anticipate a double top/double bottom. Safe Trading.
⚖️ Auction Market Theory📍Auction Market Theory, developed by J. Peter Steidlmayer and expanded upon by Jim Dalton in his book Mind Over Markets, explains how financial markets function as auctions where buyers and sellers interact. The theory focuses on two main objectives: facilitating trade through a two-way auction process and determining the fair value of assets. Supply and demand dynamics and price discovery play a crucial role in this process. Auction Market Theory is represented using tools like Market or Volume Profile, which utilize bell-shaped curves to identify the value area, representing 68% or 1 standard deviation from the mean.
🔷 In a balanced market , buyers and sellers agree on prices based on their perception of fair value. This leads to lower volatility and prices that remain relatively stable, resulting in a ranging market. The fair value can be recognized using the Market or Volume profile, which appears as a Gaussian bell-shaped curve. However, financial markets rarely stay in balance indefinitely. New information, whether fundamental or technical, causes markets to move away from fair value and transition into a different environment.
🔷 Imbalance refers to the opposite of balance, where there is a disagreement about fair value. In this scenario, one side of market participants becomes more aggressive, leading to a trending market. Typically, markets tend to trend only about 20% of the time and range about 80% of the time. When the market is within the value range, it is more likely to remain in balance and explore within that range. However, in the case of an imbalance, the market often drifts higher or lower until it reaches a stop, typically within a previous value area.
💥Key Takeaways:
🔸 Auction Market Theory explains how financial markets function as auctions, focusing on facilitating trade and determining fair value.
🔸 Supply and demand dynamics and price discovery are essential in the Auction Market Theory process.
🔸 Tools like Market or Volume Profile use bell-shaped curves to identify the value area, representing 68% or 1 standard deviation from the mean.
🔸 In a balanced market, buyers and sellers agree on prices based on their perception of fair value, leading to lower volatility and a ranging market.
🔸 Financial markets rarely stay in balance indefinitely, as new information causes them to move away from fair value and transition into different environments.
🔸 Imbalance occurs when there is disagreement about fair value, leading to a trending market.
🔸 Markets tend to trend about 20% of the time and range about 80% of the time.
🔸 When the market is within the value range, it is likely to remain in balance and explore within that range.
🔸 Imbalanced markets often drift higher or lower until they reach a stop, usually within a previous value area.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
Wave Auction Theory & WHY it worksSup, this is the 30th & the last post that concludes all the previous ones, and finally reveals the name how I've called all this - wave auction theory. Well, me as a creator of all this (or more like a mixer, a DJ lol) I think about it more as a theorem, but that's for nerds and geeks to work it out, me I just wanna flexx.
If you take a look at all existing market theories their main thing is they all attempt to divide market activity into parts. Patterns, El waves, Wyckoff market states, then what Steidlmayer created (I call it Interval Auction Theory, since he divided market activity in parts by days, weeks, months etc). The main problem with is all these concepts (maybe except the last one) dem are not well defined, and they apply on the fractal market something that the highest resolution of this fractal (raw tick chart) doesn't have.
Wave auction theory ain't superimposing any exogenous structures on the market, such as "crowd behaviors", nah, it doesn't guess and predicts anything, it derives the principles and structures from the sequences of fundamental particles of the market - ticks, and it can be used fully on this fundamental resolution. This is the most fundamental principle how you can divide market activity without any subjectivity: waves and levels. Btw, indirectly, we also gain the interval size information by choosing the right resolutions, while interval auction theory disregards sequence of events (read my post about market & volume profiles).
Why it all works
It's a lil bit recursive kind of thing, you need to read all the statements below multiple times in different order, then your brain will start making the whole picture out of it, and finally things will come together, you'll feel that "snap" in your head. It's the best I can do.
* Market is fractal => all the principles propagate through all the resolutions;
* Market is a feedback loop, market is ALL of us together, that famous "composite operator" that Wyckoff tried to explain to people around him, that composite operator is All of us - the collective;
* Each individual entity in the collective has different voting power = better you operate = better the market = more revenues & capital you have = more voting power you have;
* We all have all the same data => we can gain as much information as there is in the data;
* Data on every resolution has information where it is, it was, or it will be cheap or expensive, every1 gains it with different degree of precision, but essentially every1 gains the same info because it's the same market & same data;
* The only thing that works all the time in all the cases is being an operator (a market maker) aka you buy cheap and sell expensive;
* Market making happens on all the resolutions, be it 1 minute or 1 week chart, on the former it might be one dude with 100 shares, on 1W it might be 100k dudes with 100 shares, the collective is always there, even on yearly charts;
* More data & information you have, the more question of "what's going to happen in the future" transforms into the question of "what IS happening NOW";
* market works on the principle I call "GTC Naive" (good till cancel Naive forecast), meaning that "the stuff's gonna continue the same way UNTIL there's an event/evidence that'll change it";
We all make the future, how can we not know what we're making ourselves if we have the info and exogenous factors are not numerous and secondary at best, and the system itself is quazi-closed? Still gonna try to analyze log returns? xD
Everything is already decided, we've decided all of that ourselves having the same data & same info xdddd
All the prophecies are self fulfilling prophecies by definition lmao, they are consequences of sequences of choices made by every1 through all the timeline. While loosing precision we gain generality => are able to understand what IS happening NOW. Not even contra intuitive aye?
The good side point of all this is that now you can rewatch Matrix movies (all of dem) and finally understand the dialogs between Neo and The Oracle (the parts her telling him the choice is already made).
Coming back to the theme, I share all this because I think that markets are sadly unhealthy, there's ENORMOUS room for liquidity provision for centuries to come on Ks of assets. Better we gonna operate, more clients = more volume will come to the markets => better for all of us.
The last several things I wanna share:
1) You can approach designing an automated agent (a bot) by following principle, smth I call "sMATEs framework";
- s: selection of assets that will end up in your masterlist;
- M: management - choosing between the most potent timeframes & assets within the assets in masterlist;
- A: analytics, seeing what's happening on your chosen data, choosing the signal generation method aka strategy accordingly;
- T: trading, generation the actual signals based on the strategy chosen before;
- E: execution, processing & fine tuning the actual executions based on the signals;
-s: sizing: choosing the quantities based on equity control and what the market can give.
The two small Ss are the only levels where you need to use ML. Reinforced learning for sizing based on order book & equity chart of a given agent. Then you can use ML & AI to form the masterlist, based on what you want. Generally you're interested in action or as I say in MEAT (ain't no vegan bruh sorry).
2) Each market has its own main cycle set: set of properly chosen optimal resolutions & time frames & rolling window lengths (no, there's nothing to optimize there & no need in dynamic lengths). I think you can figure it out reading all the posts & studies I've posted lately.
I can give a hint: if you want to divide smth, you always try to divide it by 5 first. If you can't by 5, then by 4. If you can't by 4, then by 6. If you can't by 6, then by 3. If you even can't by 3, then by 7. And omg if you can't by 7, then in theory it's by 2, but not on our planet with our modern time system. Look at the 2 centuries of S&P chart in this post and see what I see.
3) If you a coward, or an overconfident prick, or a cheater, or a lier, or a snitch, you wont't succeed. You'll succeed if you're real & legit, in this case it's only a matter of time.
From there it seems like my path goes somewhere else, but this is the way, all good TV, was fun.
Remember, there's no noise, only the truth
AUCTION formed a bullish Gartley for upto 130% pumpHi dear friends, hope you are well and welcome to the new trade setup of Bounce Finance Governance Token (AUCTION) with US Dollar pair.
Previously we had a nice trade of Auction:
Now on a daily time frame, Auction has formed a bullish Gartley pattern. There is also a hidden bullish divergence as priceline is forming a higher low but RSI is setting a lower low.
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
eBay Inc. bearish scenario:The technical figure Triangle can be found in the daily chart in the US company eBay Inc. (EBAY). eBay Inc. is an American multinational e-commerce company, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2019. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and an additional or separate fee when those items are sold. The Triangle has broken through the support line on 18/08/2022, if the price holds below this level, you can have a possible bearish price movement with a forecast for the next 8 days towards 46.70 USD. Your stop-loss order, according to experts, should be placed at 50.15 USD if you decide to enter this position.
Unfortunately for shareholders, while the eBay Inc. share price is up 42% in the last five years, that's less than the market return. eBay's earnings per share are down 19% per year, despite strong share price performance over five years. This was, in part, due to extraordinary items impacting earning in the last twelve months.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
AUCTION /BUSD is an easy tradei really don't doubt that auction will hit a +15% the next few days but before that,i think it will revisit the 10$ level
i will open a short position at 10.70 and will look for a single take profit point at 10.11
it's not a huge move so i will use a 3x leverage.
in case it goes sideways i will cut my losses if 4hour candle closes above the descending line around 10.85.
its a really tiny risk,just needs some attention for the candle closing.
cant find tinier risk than that and it is supported both by patterns and indicators
AUCTION formed bullish Gartley for upto 31.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Bounce Finance Governance Token (AUCTION) with Bitcoin pair.
On a 4-hour time frame, AUCTION 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
AUCTIONUSDT(AUCTION) Daily tf Range Updated till 03-08-22AUCTIONUSDT(AUCTION) Daily timeframe range. i remember charting this alt some times ago. one of the thing you may notice that it got some good amount of gap between its range space. it had some continuous bleeding without any hold up or what so ever, so not much of reliable data their and that created those gaps. but good thing after a long low volume consolidation it retrace back to its old low. still there are not much of volume into it . so better trade it carefully until it sees more retail interest and quality fundamental sides.
AUCTION (AUCTIONUSD) Daily tf Range Updated till 20-3-22AUCTIONUSD daily timeframe range, to be honest price action is mess on this alt of course i blame that to the p and d groups. i mean you can easily spot what happened here the amount of wicks speaks for itself. but hey whatever goes down will go up same goes to whatever goes up. now this chart, this is a high risk and reward alt. if you check the past data you can see there are some insanely profitable intraday setups from both sides.
ETHUSD- Reversing ShortAfter a 9% day for COINBASE:ETHUSD it is approaching my long target, where I would like to reverse and look for shorts. Some of the key levels have changed but the thesis is still the same. Upon retesting the structural level at 3,000, I'll look for a move back below the former range highs at 2813. I expect we could find some support initially at this area. However, the major imbalances formed today are likely to drag the market lower. Another key point is 2618. This was essentially the bottom of the drive up, if bulls plan to retain control, a strong consolidation above this level would support a move higher. That being said, if the market breaches this level, expect for tons of long sided traders to unwind and for the market to fall back to value. While value has served as support recently, It isn't typically going to offer bounces without testing lower prices. Finally, a move into 1995-1857 is where I will be taking long term buy positions in Ethereum. Holding for a move back towards 3800-4000 before reassessing market conditions.
#DOT #DOTUSDT Parachain Auctions and longterm investmentsHello everyone,
If you are interested in the DOT Parachain Auctions then this might be one of the best moments to step in. In case of a dip to 20k btc (see btc update) I still think Dot will not go deeper than $5.5. I see this as BIG opportunity, therefore around 40% of this DCA is around the $5.5-9.5 Dot price. If we hit that, I'll longterm stake my DOTs in these auctions.. also because we can receive some very interesting ICOs, while not wasting our DOT.
Anyway, after Auctioning your DOT on the Parachain auctions.. They will release in 2 years. I believe chart wise that it could be a good price (x3 from here). Imagine all the possible profits, considering some of these auctions too.
Why I am buyer at the moment ?!hi my friends
at the moment with 47500$ BTC we can hunt altcoins in their support's price
we can buy DOT now at the market price of 28$ and another step in 24.5$ to the targets shown in the chart
red lines are static and dynamic supports and are good buy opportunities.
have a good investment and have good days in the red market
after all technicals, Polkadot have good fundamental as their auctions and projects which can lead it to the moon in 2022
NFA
Dot With a bit of delay is retesting the weekly IHnSWeekly inverse head and shoulder
as I said on my previous prediction is perfectly retesting the sloppy trend Line at 39ish$, what could happen for now on, just bitcoin can say it,
But with auction head, there’s a bright future for Dot ecosystem
The target still 69$ lots of resistence would be there waiting the bulls already tired of such a run
Enjoy the bull run