Block
USOil Breaker Block Review - August 22, 2019USOil Breaker Block - August 22, 2019
Order Block Analysis
This is still a learning concept but I think this is another order block that became a breaker block. We see price breaking previous lows with the bearish candlestick.
Retail traders are selling here as this is at resistance, but then market makers buy in at this low price breaking previous highs taking out Stop Losses on Shorts and soaking up that liquidity.
However, there is bearish power so price breaks that order block, becoming a breaker block. At this point we put in a sell limit at the 50 % fib level of the bullish engulfing of within the block. P.S. There's more to a sniper entry when trading blocks, but this is just a brief description.
SL placed above the block, I placed it above the bearish candlestick that broke previous resistance to create a perfect 1:3 Risk to Reward with TP at previous higher low at 54.85.
LTC / BTC LONG - Binance - Litecoin Halving 05 Aug 2019 09:13Litecoin block reward is dew to reduce from 25 LTC reward to 12.5 LTC.
Litecoin has been a very well performing coin this year with some good gains.
LTC is currently is sitting is a nice buy range with the upcoming block reward halving this will push the price of LTC higher.
Could this be the last time we see Litecoin in the 0.009 range and say hello to the 0.01+ range!
** Some Litecoin Facts **
Total Litecoins in circulation: 62,933,975
Total Litecoins to ever be produced: 84,000,000
Percentage of total Litecoins mined: 74.92%
Total Litecoins left to mine: 21,066,025
Total Litecoins left to mine until next blockhalf: 66,025
Litecoin price (USD): $98.33
Market capitalization (USD): $6,188,385,869.32
Litecoins generated per day: 14,400
Litecoin inflation rate per annum: 8.71%
Litecoin inflation rate per annum at next block halving event: 4.26%
Litecoin inflation per day (USD): $1,415,972
Litecoin inflation until next blockhalf event: (USD): $6,492,331
Total blocks: 1,677,359
Blocks until mining reward is halved: 2,641
Total number of block reward halvings: 1
Approximate block generation time: 2.5 minutes
Approximate blocks generated per day: 576
Difficulty: 16,191,186
Hash rate: 455TH/s
Bitcoin: halving is pressurizing market sellers, again
2015 : the market was too primitive at the time for the bullish prerequisites to be relevant, but let's still do it:
- Bottom of the market and coming halving in 2012 : 371 days.
- Bitcoin dropped around 90% from its cycle top, at least 1 year before the halving
- Bitcoin was above the weekly 50 Smma and used it as a support at least 6 months before the halving
2015
- Bottom of the market and coming halving in 2016 : 546 days.
- Bitcoin dropped around 85% from its cycle top, at least 1 year before the halving
- Bitcoin was above the weekly 50 Smma and used it as a support at least 6 months before the halving
2019:
- Bottom of the market and coming halving in 2020 : 525 days.
- Bitcoin dropped around 85% from its cycle top, at least 1 year before the halving
- Bitcoin is above the weekly 50 Smma and is using it as a support at least 6 months before the halving
Morals of the story :
Beeing long term bearish now (new lows, bitcoin goes to zero) is beeing counter trading the main behaviour of the Bitcoin market itself, which is very risky.
If Bitcoin settles below the weekly 50 Smma starting from now, be very fearful.
Odds to revisit the low 6k-high 5k area: low
Odds to revisit the 3k area: almost null
Take care
Bitcoin Halvening EST 23rd May 2020 Bullish case for BTC
Looking at the previous 3 halvening on Bitcoin
Price increase based on price of btc at halvening date & top price in between the halvenings
2012 -10$ + 9000% to $1177 by DEC 2013
2016 $684 + 2500% to $19764 by Dec 2017
2020 ? + 800% by Dec 2021
history shows
The % increase in price after each halvening decreases by almost a factor of 3
The key is what price will the price be at the next halvening then multiply that by 800% to get the top of the next Bull market in between the 2020 & 2024 halvening
looking at previous bear market the drop from the top has been 67%
If a similar scenario happens that implies a price of $6500 by 2020
multiplied by 800% (the increase after the halvening has taken place.
Next Bull market top could be " $52000 "
BITCOIN to HIT vicinity of $50000 By DEC 2021
Just an idea. Dont @ me
Blocknet - Solid Smartnodes Altcoin + Analysis (1300%+ PP)Blocknet is one of those altcoins that you can 'mine' through smartnodes. It isn't actually mining, but the topic isn't smartnodes right now so I'll call it that way to keep it simple.
I noticed that the altcoins that offer smartnodes have very different charts compared to other famous alts, which on average all have the same chart basically.
The "Smartnodes tokens/altcoins" tend to preserve their price better than other alts that do not offer such feature.
Smartnodes are a great way to earn passively while you hold cryptocurrency long term. A must have for any long term crypto-trader.
This is good because it helps you accumulate alts while in bear mode to later sell on bull run mode, or support the projects that you trust and believe in.
Let's take a look at the charts for a quick analysis.
Blocknet (BLOCKBTC) Analysis by Alan Masters
BLOCKBTC has been on a very strong retrace and today I am seeing some early (very early) reversal signals.
Let me start by saying that volume needs to come first, for any bullish action/momentum to be sustained.
Second, EMA10 needs to be broken (green line) before any real profits can be generated. So we can trade on the shorter time frames for 10-40% gains, but if you want 100%+ gains, then we need the signals mentioned above (based on my trading strategy of course) plus a big bag of patience .
This altcoin has been massively oversold, you can see this on the RSI. Which also shows bullish divergence, a very strong signal on this time frame.
MACD still needs work, but a bullish crossover can be spotted as well as a curve up.
We can also read the candlesticks. The last read candle is a bullish Doji, which clearly played out as BLOCKBTC went up by 30%+ after this signal showed up.
There is a lot more that can be understood from reading this chart. I am writing this purely for your own learning and entertainment, so if you enjoyed hit LIKE and show your support... Thanks!
Namaste.
$BLOCK Only Have Less Than 5.5 mills On Circulating SupplyThe Blocknet Protocol is a true peer-to-peer protocol between nodes on different blockchains. This enables the transfer of data and value between blockchains and opens the door to multi-chain architectures.The Blocknet community has been developing this technology since 2014.
Their decentralized governance system and open source code ensures that every blockchain is free to interact without centralized entities. Block has their own decentralized exchange project called Block DX. Block DX is a truly decentralized exchange that enables trading freedom for connected blockchain communities. Listing on Block DX is free and does not require our permission or control.
At the current moment block is sitting on the support where it was a "high" in 2016 at this level. So basically all we need is macro trend is changing and blockc prolly back to 0.6 - 1 fibonacci level which actually can gerate a 272% gains from the current level.
The decision is yours.
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TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
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$CDT Ready for Another Pump. 20% - 40% Worth...This project website is blox.io and this is token for crypto tracker and insights. Having 1 billion supply made it looks cheap at the current moment as the chart flat under 300 sats.
At the moment this token has chill down a bit and looking for first fibonacci target about 20% - 40% on the rally and will about slowly securing profit.
Whales! Go join me!
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
GBP/AUD - SHORTLate getting in on this one but pips are currently going my way and think they could carry on.
If this closes out over the 50% mark ill probably shave some off
1H OB area took the stops and closed below so was confident with entering
Moved my SL just ahead of break even
Maybe 200+ pips
BlockNet VS Bitcoin ScenariosBlockNet seem to enter the consolidation phase where price is stuck between support and resistance levels. The resistance is based at 50% Fibonacci retracement, that is btc 0.0043 area, rejected several times. The support is based at 161.8% Fibs, that is btc 0.0012 area, rejected back in December 2017.
The most recent resistance at btc 0.0024 has been rejected multiple times, which prevents BLOCK/BTC to go upwards. While that resistance is being rejected the downside risk remains high. Price could decline towards btc 0.00187 or 0.0012.
Overall, the trend remains unclear and only break above btc 0.0024 or below 0.0012 could help to establish further direction.