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.
Blocknet (BLOCK) Short Term Retrace SignalsBlocknet (BLOCK), one of the coins that we started to trade back in early April, is gaining strength and moving up. But as we know, each time a top/peak is reached, there is a retrace in price, followed by consolidation before a coin continue its climb up.
BLOCK has been doing good the past few days, but the time for the retrace has come.
Here are a few signals that can tell you of a coming retrace:
- TD Sequential indicator.
- Large sticks on top of the candles.
- Upper range of the bollinger bands.
- Several resistance levels broken.
- MACD starting to curve, already curving in shorter time frames, which can confirm these signals.
These signals are "short" term, they will change in a few hours and new signals will develop.
But these signals above can tell you of a coming retrace.
I hope that this information was helpful.
I wish to receive your likes, shares and follows.
I appreciate your time, once more today.
Thanks a lot for reading...
You are SPECIAL!
REMEMBER THAT ALWAYS YOU DESERVE THE BEST!
Namaste.
Blocknet (BLOCK) Before The Action (257% Profits Potential)I am looking into Blocknet (BLOCK) charts now and it is very close to the bottom, some good signals that are yet to fully develop, with an announcement coming in a few days as well. So we have signals on both sides, technical and fundamental and we have the opportunity to join Before The Action starts... Let's take a quick look...
Blocknet (BLOCKBTC) Trade by Alan Masters
FUNDAMENTALS (THE NEWS)
- Blocknet (BLOCK) - Partnership Announcement (30 April).
- Blocknet (BLOCK) - Wallet Redesign Launch (Obvious hype on 15-June).
- Blocknet (BLOCK) - SPV Support (1-June).
CHARTS, SIGNALS & INDICATORS
- There is strong positive divergence on the MACD.
- The RSI is turning bullish, yet allows for plenty of room for growth.
- The chart shows that this coin is really strong, it was trending high throughout the whole bear market and felt recently with much accumulation going on.
- The STOCH is also starting to wake up.
- The weekly chart supports a push that can happen relatively soon (within a few weeks). I love how this chart looks.
- These signals still need more time to develop, so we will use a tight stop loss just in case. The announcement on the 30th April might give this coin the push it needs to start its next bull run, in the meantime, we have a great potential here.
TRADE INSTRUCTIONS
Buy-in: 0.0020 - 0.0023
Blocknet (BLOCK) Targets:
(1) 0.00253
(2) 0.00302
(3) 0.00379
(4) 0.00435
(5) 0.00505
(6) 0.00583
LONG
(1) 0.00684
(2) 0.00750 (All Time High)
(3) 0.00880
(4) 0.00969
Note: Targets are for reference only. Not all targets are meant to be reached. You can sell as much as you want on each target. Feel free to visit the "Selling The Targets" article for additional information.
Another note: A target is considered "reached" if we come as close as 5% to the actual target price. Meaning, these numbers are not meant to be exact but instead a reference point as to where we might face resistance on the way up.
Stop loss: 0.00175
QUICK SUGGESTIONS
- When trading cryptocurrencies, always make sure to diversify, which means splitting your money into different trades / coins.
- Make sure to secure profits as the price of the coins you bought starts to go up. You can sell small portions of your holdings as the price increases. For example, you can sell 5% on the first target. 10% on the second target. 40% on the fifth target, etc. It is completely up to you, but it is a good idea to always secure some profits.
- Read carefully all the trade instructions before jumping into a trade. Take your time, breath... There will always be many opportunities available for you. So if you miss a trade, remain calmed and relax as another one will come.
- Be grateful for everything that live has given you...
- Namaste.
BlockNet Still Struggling BlockNet continues to produce lower lows and lower highs with a clear downtrend in place. The most recent rejection of the $24 resistance, that is 23.6% Fibonacci retracement level, confirms bearish intentions of the BLOCK/USD.
While the resistance is holding price might drop below the previously established low at $13.75, aiming for the $10 psychological support, which is 88.6% Fibonacci retracement level.
However, if price stays above $13.75 and will break the $24 resistance, there are good chances that BlockNet will reach $50 target. But obviously its far too early to talk about the uptrend at this stage.
BlockNet 200% Growth PotentialFrom September up until December 2017, BlockNet has been ranging between $36 and $13, but in January 2018 price broke the range moving above the previous resistance at $36. BLOCK/USD reached the high at $56.
The following corrective move down resulted in price going back to $20 where it rejected the 88.6% Fibonacci retracement level as well s the 8/1 Gann Fan trendline suggesting that the correction has ended.
Currently, BlockNet is trading at the previous support near 36$, which now is acting a support. This could seem a good entry point for BlockNet investors, from where the price is likely to continue moving highre.
Price could grow as much as 200% from the current price reaching $100 psychological resistance confirmed by 227.2% Fibonacci retracement and 361.8% Fibonacci channel lines. At the same time break above the channel could be the safer way to trade BlockNet, but it seems that the buying opportunity is already offered.
XRP/BTC - UAE Central Bank Block Chain Partnership Announcement I am slightly shocked that there are very few charts dealing the latest announcement with Saudi Arabia's Central Bank signing a partnership deal within the last 24 hours. This is a MASSIVE bull FLAG as an early indicator; especially given XRP's prevalence of professionalism and partnership with major global banks. This is huge in my opinion. My chart may not be reflective of actual movement, as it can be so difficult to ascertain future price movement when such big news comes into play. For this reason, I am coming from a more fundamentalist point of view, with a few technical indicator and techniques used to add validity however; i expect a mammoth spike in price, with a HUGE bull run, and incredibly hard to predict,
I feel at this moment; historical candle trending combined with levels of support, resistance and fib levels, amalgamated with fundamentals, is the best way forward for now to get a handle and prediction on anticipated valuation on what WILL be a significant price break out.
The last pennant highlighted in red continued on to a bearish trend however; the current trend, is staying within the larger pennant with the exception of a few candles leading astray out of the pennant, only to quickly return. Again, there a signals EVERY where. Do not MISS this/
BlockNet VS Bitcoin Inverted Head And ShouldersBlocknet has been moving downwards for over three months, after reaching btc 0.007 high in August 2017. Price declined down to btc 0.001, resulting in 85% loss to the Bitcoin. Since December BLOCK/BTC has been recovering and went up as high as btc 0.005, while breaking above the 200 Moving Average.
The MA has been acted as a support that clearly was respected by the market. After the last rejection of the Moving Average, BlockNet broke above the neckline trendline of the Head And Shoulders pattern, suggesting the continuation of the uptrend towards previous highs. The resistance area is between btc 0.0065 and 0.0075 which is expected to be reached in the short to medium term.
On the downside, the support area is based between btc 0.0028 and 0.0024, where only daily break and close below could invalidate bullish outlook.