Bitfinex
BULL DRAGON SCENARIO END GAMESup Dragons!
This is my last TA for now.
i will wait what will happen in this TA kicks in and i will post another TA again.
lets hope for the best.
Green Scenario will happen if Volume keep increase starting today until new year.
Yellow Scenario will happen if we still get a very low volume with high pressure selling.
Red Scenario will happen if we partially success doing the green but a failure to stand in the support.
SingularityNET Ready To Shoot | Short-term Move MappedSingularityNET (AGIBTC) is in an interesting position, it is breaking above resistance just now and can produce some really quick and easy gains.
EMA10, EMA50, and EMA100 have been challenged and conquered with only EMA100 pending on candle closure. What this means is that AGIBTC is now going in favor of the bulls.
I marked multiple targets on the chart above.
Here some numbers for you:
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ENTRY: 0.00000234 - 0.00000250
TP1: 0.00000260
TP2: 0.00000290
TP3: 0.00000315
STOP: Close 4h candle below 0.00000220
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This is not financial advice.
Namaste.
If you want to see the full PREMIUM trade for AGIBTC, click on the image below:
Bitcoin LONGS positionA few days ago, most of us were asking why the rate of Long position on Bitfinex increased sharply by more than 87% while this rate in other exchanges was not high.
And of course, whales are never wrong, the price of BTC has risen 20% from the bottom of $ 6400. But for now, the ratio of LONGS to Bitfinex is decreasing and the target will fall quite far, we should be careful.
VeChain Path (Analyzing The Next Move)I received multiple messages about VeChain (VETBTC), showing that there is good interest in this altcoin pair/project. So allow me to read the charts for you, I am hoping that you are entertained and learn something from this content... Let's get started!
VeChain (VETBTC) Chart Analysis by Alan Masters
Let's start by taking a closer look at the VeChain chart:
First we can see the new All-Time Low on Binance was hit on the 8th of August. There is no strong bounce nor a big increase in volume when this low was hit, so VET might go lower.
We can see VETBTC trading within a falling wedge, which is marked with a purple dashed line. Here I draw the most likely path in red. Trading below EMA10 (bearish potential).
The RSI hit oversold and is trading on the mid-thirties, looking weak.
We have plenty of bearish signals while many altcoins are starting to show bullish charts... VETBTC might need more time before it starts to turn.
The MACD and RSI are showing bullish divergence.
So we have mostly bearish signals coming out of this chart, so we can expect for VETBTC to move lower.
Conditions for change: If VETBTC can move up and close above 48 satoshis with good strength and volume, the above signals become invalid and a new analysis is needed.
Thanks a lot for reading.
Namaste.
THIS IS NOT FINANCIAL ADVICE.
Bitfinex Shorts At ALL TIME LOWBefore this analysis, i want to share my analysis the before. I called this local bottom around $6600 levels and bought BTC at this level.
BTC is now $7600. It's clear long trade for me.
Reasons that i took trade are;
-Bullish divergence on RSI and price action,
-Horizontal Supports,
-Hashrate and difficulty levels (I always check them)
-Finally Elliot Count
You can see my call here;
Now as you see at main analysis bitfinex shorts are at all time low.
How we approach this data?
-First, it is obvious that less people want to sell their BTC because they think that price will go up.
-It is a good bottom signal + count support it + divergence on 12 HR. And here is my second bottom call 1 MONTH ago ;
And finally hash ribbons are about to crossing back up. It is really bullish signal i will do another analysis about when it crossing up. But now i can show you here ;
Overall,
We likely had bottom. BUT there is one more count that we could see $5800 and it is probablity.
I am hedging my risk incase we could see $5800.
Also i will share my $5800 count later. Thanks for reading. Nothing financial advice.
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