Filecoin #FIL echo W bottom to $42Filecoin is being shilled by Arthur Hayes
as he likes the narraitve of decentralised blockspace
I just like the chart :)
I predict we see this W bottom play out for a second time
Will the blowoff top be as manic ?
still good gains to be had ..
if Bitcoin does what we hope
Bitmex
🅱️ 10X Lev. BTC (XBTUSD) Long Trade Signal (730% Potential)This is part 2. I am sharing the full numbers with you.
Part 1 was the 333% 10X Long from 23-Nov-2022 (See here) .
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LONG XBTUSD
Leverage: 10X
Buy-in: $21,000 - $22,222
Targets:
1) $25,150
2) $28,500
3) $31,000
4) $34,800
5) $35,000
6) $37,500
Stop-loss: Close daily below $20,500
Liq. price: $20,174
Potential profits: 730%
Capital allocation: 3%
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✔️ Leveraged trading is for patience, smart, responsible and experienced adults/persons.
✔️ There is always risks involved when trading and a break down can lead to the liquidation of a full position.
✔️ Experience is needed to adapt to market conditions as things change.
✔️ The position might need adjustment such as adding more collateral, reducing leverage, securing profits, securing the trade, closing the trade before expected, etc.
✔️ This information is shared to your advantage but should not be construed as financial advice. All the information shared by the author is intended for learning and entertainment purposes only. You are responsible for your own actions.
This position we originally shared 14-February and hit the first target. After a target is hit, a retrace/correction is normal and expected.
✔️ Retraces and corrections can be used as opportunity to buy-in, rebuy and reload.
I am wishing you tons of success.
I am sending you good vibes, now & always.
I am wishing you health, wealth, happiness and joy.
May God, the Universe, Divinity, Source, Life, Nature bless you with the accomplishments of all of your hearts dreams and your souls desires.
Let's hope for another big success in this trade.
Thank you for reading.
Thanks a lot for your amazing and continued support.
Namaste.
✳️ Ethereum vs Bitcoin NEW | Bullish Impulse (5-Up) 7X lev.Hello my dear friends, I am back on ETHBTC with lev. but I just want to show you the chart.
The doubt that always creep in is this, "If Bitcoin is growing, how can the BTC pair of any Altcoin grow at the same time?"
If Bitcoin grows the ALTSBTC pairs are supposed to go down, simple thinking based on logic but reality and logic do not go hand in hand.
Proof.
✔️ ETHBTC grew from June 2022 through August 2022, together with Bitcoin.
This means that ETHBTC can grow even if Bitcoin grows. It can grow apart from Bitcoin but also together, this doesn't really matter.
The MACD is showing a young bullish cross.
The RSI bottomed hitting oversold and is now neutral but trending up.
A new bullish impulse can develop.
After the 5-Up wave pattern last year, we had a long corrective phase.
You can tell this is a corrective phase because you cannot draw a 5 wave pattern in anyway.
When a 5 wave pattern is not do-able, you are most likely than not looking at a correction (Elliot Wave theory).
To me this opens the potential for a new impulse.
Even without EW the chart structure, market cycle and other signals all point to a potential upward move.
Charts can change, things can always change and thus one has to plan before deciding to trade.
This is a very low risk set up, the 20-March low can be used as the stop-loss. Any trading above this level and up we go.
We have about 5% risk with 25%+ potential for reward.
We are doing 7X.
Capital allocation is 3%.
This is not financial advice.
I love you.
Thank you.
See you tomorrow... Or see you later on today?
Whatever, I am happy.
Namaste.
What Trader Needs Bitcoin Analysis: Technical and Fundamental Factors to Consider
Bitcoin, the world's first decentralized digital currency, has been the subject of much discussion and analysis since its inception. As with any investment, it's important to conduct a thorough analysis of Bitcoin before making a decision to buy, sell or hold. Here, we'll explore the technical and fundamental factors that can impact Bitcoin's price.
Technical Analysis:
Elliot Wave Theory is a popular technical analysis tool used by traders to predict market trends. According to this theory, Bitcoin is currently in the 5th wave of its upward trend, with a correction expected in the form of an ABC pattern. The correction is expected to be between the 22,000 and 20,000 range, making it a potentially attractive entry point for short-term investors.
Additionally, Fibonacci retracement levels of 0.50 and 0.618 can be used to measure the correction. While there is a possibility of Bitcoin falling below the 20,000 level, it's hard to predict given the unpredictable nature of the cryptocurrency market.
Fundamental Analysis:
Apart from technical analysis, there are several fundamental factors to consider when analyzing Bitcoin's price. The upcoming Bitcoin halving event is one of the most significant events on the horizon. Halving is an event that occurs every four years, wherein the number of new Bitcoins generated every 10 minutes is halved. This reduction in supply can lead to an increase in demand and subsequently drive the price up.
Additionally, geopolitical tensions can also have a significant impact on Bitcoin's price. The ongoing conflicts in Europe, Russia, China, Taiwan, Israel, and Iran can create uncertainty in the market and lead to volatility. Moreover, the reduction in the productivity of oil and gas by Saudi Arabia, UAE, and Russia can impact Bitcoin's price since it is often viewed as a hedge against inflation.
Conclusion:
In conclusion, Bitcoin analysis requires a holistic approach, taking into account both technical and fundamental factors. While technical analysis can help predict market trends, fundamental factors such as the halving event and geopolitical tensions can also impact the price of Bitcoin. Investors need to conduct their own research, understand the risks involved, and invest accordingly.
BTC UPDATE APRIL 5 2023Bitcoin Update: Resistance at $29,000 and a Potential Correction to $24,500
As of April 5th, 2023, Bitcoin is trading at around $28,000 USD, and the price has been trying to break out of the $29,000 area for the past two weeks. However, there seems to be a lot of resistance there, pushing the price down to the support levels at $28,000 and $27,600.
On the other hand, an Elliot Wave structure has formed, with five waves up, and the current trading is at the fifth wave. These wave counts started from the formed bottom a few months back. Additionally, at the bottom area of $15,000, a falling wedge structure has been spotted. According to the Fibonacci retracement tool, this falling wedge targets 1.618 fib levels, which is the golden ratio between $29,000 and $30,800 areas.
There are two possibilities at this point. The first is that Bitcoin will break out of the $29,200 areas and push the price up to $30,800 and possibly even higher. The second possibility is that a correction will start from the current levels towards the $25K-$24.5K areas. Once we reach there, an update will be provided.
With 12 years of experience in trading and stock markets, the feeling is that Bitcoin has not yet finished the correction from the top that was made at the $69,000 areas. Therefore, it is important to keep an eye on the price action and be prepared for any potential volatility. Good luck.
Ethereum Goes Bullish (555%+ Potential 8X Lev.)Ethereum (ETHUSDT) now goes bullish and we have a nice setup here.
We can expect over 500% potential for profits with a nice 8X lev.
Trade at your own risk.
Leveraged trading is for experts traders only.
Liquidation can happen.
Targets are mapped on the chart.
Namaste.
🅱️ Bitcoin | Let's Go Back To Basics (1, 2, 3)Let's go back to basics in order to determine where is Bitcoin at right now.
#1 Break of major downtrend
You can use either the linear (arithmetic) or logarithmic scale and both will yield the same result.
Bitcoin is now out of a major downtrend.
BTCUSD W Log:
BTCUSD W Linear:
#2 Accumulation phase
After moving out of the downtrend, Bitcoin enters accumulation from November 2022 to January 2023.
BTCUSD W Accumulation phase:
#3 Bullish breakout
After accumulation Bitcoin undergoes a bullish breakout.
BTCUSD W Bullish breakout:
- This bullish breakout produced the highest prices in more than 8 months.
- Bitcoin prints4 green candles for the first time since August 2021.
- Bitcoin produces the highest buy volume in years and also moves above EMA10 and EMA21.
- This bullish breakout is also supported by the strongest RSI in many years.
These are the basics.
- Additional signals can be found by looking at the MACD, it is the first time it goes bullish coming from a new low since May 2020.
- A higher high after more than a year of lower lows.
- No new lower low since 21-November 2022.
Conclusion
Technically speaking, Bitcoin is now within the January 2023 bullish breakout.
This is the most recent and relevant move for this Cryptocurrency, the rest is past history.
As long as Bitcoin remains within a higher low compared to November 2022, a higher high is expected next.
This is basic technical analysis based on price action.
Thank you for reading.
Namaste.
🅱️ Amazing! | Bitcoin Weekly Update ($30K to $40,000 Next)The weekly session just closed and Bitcoin ended with a very strong bullish candle.
This is a hammer with a super long lower wick.
Bitcoin Weekly Hammer = Low Set/Support Found
Bitcoin moved down on a strong shakeout move but bounced before reaching the 0.618 Fib. retracement level and closed the week above EMA10, sending a very strong bullish signals.
Patience is key my friends.
✔️ Bitcoin is ultra-bullish above $23,500.
✔️ Bitcoin is mega-bullish above $22,222.
✔️ Bitcoin is strongly bullish above $20,000.
The current price points to $30,000 as the next target and $40,000 still in the cards in this current bullish wave.
You can find our trade signal with full numbers, 10X lev. below.
🅱️ 10X Lev. BTC (XBTUSD) Long Trade Signal (730% Potential)
Thanks a lot for your amazing support.
Thanks for the trust.
Good days ahead.
Namaste.
✴️ Chainlink Reveals Current... (Name Your Altcoin #52)Let's continue shall we?
I've done many analysis for Chainlink (LINKUSD) since we have an active public trade for this pair but someone requested to have this pair be part of our Name Your Altcoins series so let's dig in.
Chainlink is good news...
It is giving out positive signals.
As the entire cryptocurrency market is interrelated, connected, what one does the rest follows, having good news here can mean good news elsewhere.
Or everywhere else.
LINKUSD
Just two days ago, 22-Feb., we have a perfect hammer candlestick pattern.
This candle tested and confirmed EMA10 and EMA21 as support.
What looks great is the volume the following day, yesterday, really high volume, the highest ever on BitMEX for this trading pair.
Volume is one of the most valuable indicators available, having all this buying yesterday is great news... This tells us that the bulls are accumulating near resistance, which precedes additional growth.
The MACD printed a bullish cross recently and is trading above zero.
The RSI is super healthy/strong at 62+.
If we decide to look at the weekly timeframe for additional information...
We can see a Doji this week leaning bullish (has a long lower wick).
Last week closed almost full green with the highest close since October 2022.
Prices trading above the 0.682 Fib. extension, this one only confirms if the week closes above 7.917.
We have some really good signals... If LINK moves forward, Bitcoin, Ethereum and the rest of the market will do the same.
There is always one or two pairs that tend to move ahead when consolidation is taking place, if you find those, you know what is coming to the rest.
Namaste.
✴️ Another EOS | The Cryptocurrency Game | Down Bad, Up Great!Another one that hits...
In a previous trade idea we looked at the Adam & Even bottom pattern and the breakout happened just as expected and EOSUSD went up.
The first resistance has been hit, 0.382 fib. with high volume...
The potential is huge, we trade EOS with lev....
Imagine 115% with 10X, that's 1,000%+
The market is doing its thing, it cannot be stopped, we can only watch and wait.
Just as it went down, it was so bad...
When it goes up it will be great.
Namaste.
✴️ Polkadot Update | 3 Months High + Targets ($15 Next)Polkadot produced a bullish breakout yesterday and hit its highest level in 3 months, since early November.
While this is good, this move only confirms MA200 being conquered as resistance.
Still early when it comes to the major bullish wave, DOTUSDT has more to give and can move to $9 within weeks or days.
Additional growth is possible in the coming months, highly probable, with $12 being one of the main targets and even $15 is on the cards and more.
Namaste.
✴️ Chainlink 5X Lev. (~100% to 390% Potential)My dear friends, I am back providing you with great content... The intention is to share my view and opinion and for us all to learn and be entertained.
Trolls... Stay away, this is for true followers only and responsible, adult, conscious people.
If you don't know how to approach a lev. trade then please, stay away, do your research first, study because I am no financial advisor.
This is my view of the charts and trading involves risks regardless if you buy with or without leverage/margin, crypto or stocks or anything.
In fact, most everything in life posses some sort of risk, so keep in mind that each individual human being, soul, is responsible for his/her own actions.
I am writing all this because people will troll me in the comments section saying it is illegal to share my ideas... Trade ideas... It is just that, an idea.
This can be a success or a failure... That is for the market to decide.
What we know for certain is the potential vs risk.
The market situation, how the chart is looking, etc.
We are live with 5X on LINKUSD.
I will share the trade numbers with you:
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LONG LINKUSD 5X
Entry: 6.10-6.60
Stop: Close daily below 5.75
Liquidation: 5.226
Targets:
1) 7.10
2) 7.70
3) 8.20
4) 9.0
5) 10.0
6) 11.5
Capital allocation: 3%
Potential profits: 390%
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Trading with lev. is high risk and recommended for experts only.
If you are a beginner start with spot trading and once you are successful at it for 2-3 years then make the leap.
If you want to start right away be aware that there is a price to pay to learn.
Liquidation can result in your entire position being lost.
If one cannot take a loss, one cannot trade.
Losing is part of the game as much as winning... In fact, we tend to lose more than we win overall... But we win in the end if we learn from our mistakes.
Thank you for your continued support.
Feedback is appreciated in the comments below.
Namaste.
✴️ Cardano 244%-350% Potential Exposed!ADAUSDT, Cardano, hit its highest level today in months while at the same time confirmed EMA10 as support on the weekly timeframe.
Everything we've seen since the start of January is only the recovery from the stop-loss hunt event in late December... The bullish wave is yet to happen.
Let's not mistake the trees for the forest.
This is why there will be euphoria across the cryptocurrency market in a matter of weeks... But it will last long enough for everybody to profit.
The easy target is 44% while we already have lots of growth which is the recovery I just mentioned.
Then we have 130% at around 0.95 and the mid-term potential is set at 240% or 1.39... There can be more but the whole thing is just starting and so we are conservative to start.
We can expand and adapt once the market really starts to move.
Namaste.
✴️ Chainlink Still Within Consolidation Box (165%+ Potential)Chainlink (LINKUSD) is still trading near its bottom, literally still sideways within its consolidation box.
While our leveraged trade is already way ahead in profits, the true action is yet to start.
19-Jan. ✴️ Chainlink 5X Lev. (~100% to 390% Potential)
Lets have a look at the different resistance levels.
We have 7.917 as immediate resistance, easy to takeout.
This is followed by EMA50 at 10.25, easy since we've seen other pairs flying through this barrier.
We have 12, 16 and 20... The full details can be found in the trade idea above.
Thank you for reading.
Namaste.
✳️ ADABTC 300%-400% Potential 8X Lev.This is the last one that I didn't mention last time but went live with... ADAH23 or ADABTC.
We are being conservative with the targets... It can always grow more but with lev., it isn't necessary to hold that long.
We can get in and get out, get in and get out.
Remember to do your own research.
Leveraged trading is high risk and can incur full capital loss in the form of a liquidation.
If you can't take a loss, then trading is not for you.
Some trades are winners others are losers, that's just how things work.
The goal is to learn how to play the market to reach the finish line with positive results.
Potential can reach from 300% to 400% with 8X lev. depending on your final target.
Thanks a lot for the amazing and continued support.
Namaste.
✳️ XRPBTC 8X Lev. 300%+ Potential (Update)Our position remains live/active and valid.
Better entry possible.
Remember this is just my view/perspective.
Not financial advice.
Leveraged trading carries risk and should only be done by experts.
Refer to previous trade idea dated February 8 for full numbers:
Thanks a lot for the support.
Remember to Boost!
Namaste.
✳️ ETHBTC 8X Lev. 150%+ Potential (Update)Our position remains live/active and valid.
A better entry now possible!
Refer to previous trade idea dated February 8 for full numbers:
Thanks a lot for the support.
Namaste.
✳️ XRPBTC 8X Lev. 300%+ PotentialWe are active on this pair with 8X.
This is the same as XRPBTC.
I am showing you this one as I shared a few lev. trades in the past months and they all did really good.
Remember that you need experience to trade with margin/leverage.
This is high risk and you can get liquidated if the market drops.
Good luck and thanks for the continued support.
I'll share the numbers later on.
Namaste.