CRV first out the alt stable door? I know going long alts in this market is bonkers if you spend anytime on crypto twitter, but all noise aside and based purely on short term PA and TA, and provided BTC can hold its shizzle together. This is my sort of play.
Narrative. Curve produces yield from stable coins. Once everyone stops fudding every stable coin out there. Curve will continue to be one of the safest places to yield out there and I'm assuming the curve wars are still a thing, right?
I've not got my finger hot on the pulse but word was curve would be releasing their own stable coin. Transparently over-collateralised I hope!
1. High time frame swing fail of the yearly low.
2. Price is compressing into a bull flag/ decending wedge type formation. Either way its sucking up any demand side liquidity.
3. Price has tried and failed to break and close below this key support/ daily close.
4. Enter now with a small size and a couple of laddered buys further down if your a degenerate gambler like me trying to claw back a bank roll after SBF and his hoe nicked it all.
5. Or if you're a seasoned pro with patience and experience on their side. Wait for a breakout of this wedge and enter on a retest/ market structure break, provided BTC, ES, NQ etc..... hold its shizzle together and bear market rallies are still a thing.
6. Cut all entries on a clean break below the previous swing low as theres no more liquidity to grab down there, just a long way down.
7 Targets are a conservative TP1 at range high , TP2 at Daily fair value gap and TP3 at previous weeks high
8 . If this doesn't work out I'll have fun staying poor.
Blockpartytrading
Weekly Analyze of the Crypto Investing in October, 2022Date: Oct 1,2022-Oct 8,2022
This week, the crypto market went out of a rebound and repaired the market, but the trend is still not strong, and the overall situation is volatile.
BTC's weekly highs and lows are raised, and this weak rebound will be maintained before effectively breaking through 18900. The daily line chose to break up after converging on the 3rd, and broke the previous high point. It fell back after encountering the resistance of the Fibonacci 50% of this section and the horizontal resistance level of 20500. It is currently running near the lower edge of the upward channel. The support range is 18500-19000. If the structure breaks down and relays, the support will be around 16500-17000 and the resistance range will be 20500-21000.
Before ETH's weekly break of 1270 turned negative, it continued to rebound to repair expectations, but it needs to break through 1400-1420 to open the upward range. The daily line has been arranged in a narrow horizontal range, and it is currently at the upper edge of the low-level shock range, which is approaching the end of the convergence pattern. The support range is 1250-1300, and the pressure range is 1450-1500.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
(All for reference only, plz invest rationally)
Weekly analyze of crypto market (May 2-May 6)This week, the crypto market was in a downtrend.
BTC’s week k-line continued its fluctuated downward trend after rise to new lows. The day K-line downward channel broke down, and the potential double-bottom reversal structure was destroyed. The long will regain the advantage when the day k-line come back to be above 38500. the support range is 33500-34500, the pressure range is 38500-40000.
CRYPTOCAP:BTC
The ETH weekly line has closed out the K line with the upper shadow center of gravity moving down, no stop signal, the downward momentum remains unchanged. the day k-line rebound is blocked, MA120 falls back. At present, it has broken the recent low point slightly, and the trend is stronger than the market. The critical level is 2850, the support rang is 2450-2550, and the pressure range is 2900-3000.
CRYPTOCAP:ETH
The grid and Martin strategy are suggested for sp CRYPTOCAP:BTC ot, and the SMT strategy for futures.
(For reference only, plz invest rationally)
BTC - Bounce at previous trendline resistance, turned support?Although our Inverse H/s didn't work out, this is the textbook retracement level off the breakout a couple weeks back.
Short term target from here is 40k, best bet is to see how things are performing when we get near there as well as fundamental factors and move accordingly.
Inverse H/S on BTC with weakening sell pressure? Bottom close?We've tagged our 39.6k level nicely for a potential inverse h/s. RSI is seeing a cross on the 4h and we have a td9 on the 4h, so chances of movement up here in the short term is quite good.
Also this sell spike has really solidified the bullish divergence we've been seeing on the sell pressure side: as the price increases the sell pressure has decreased, while buy pressure started picking up. Very interesting as this usually points to sell pressure weakening.
This is why our short term sentiment is now neutral rather than bearish.
If we get a bounce here we want to watch 42k as the next point of interest. it's our volume point of control since the start of the year, has a lot of historical movement and as we all know 42 is the answer to the ultimate question.
Failure to hold this level - we move to 38k as our next point of interest. But as stated above - we're getting to heavy reversal territory on BTC.
BLOCK/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BLOCK/USDT analysis.
I have tried my best to bring the best possible outcome to this chart.
Reason of trade:- BLOCK/USDT 2hour analysis look bullish trend chart and MACD bullish crossover buy green zone
Entry:- CMP buy green zone
Traget:- 15% to 20%
Stop loss:- 0.02664
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
SNX Looks Ready for a New Leg up. 1000%+ Potentialwe have bottom fib bounce with a bottomed out RSI on 1W timeframe. We are currently resting right at our VPOC for the entire chart.
SNX tends to be a very early mover on the market, and with a potential bounce here we have quite a bit of upward potential.
ALICE, ALICE, who the f*ck is ALICE? A metaverse play with a 300% potential upside, that's who she is.
While BTC is chilling out, Metaverse and play-to-earns have been popping off, like they just don't care. ALICE is attempting to breakout of a longterm ascending triangle, the top of which has played a pretty big support/ resistance role in its short so-far existence.
I've been packing my bags for the last couple of weeks and the most recent wick down to the 0.5 fib area was like a parting gift from the Nordic gods.
I'm looking for a clean break and retest of the 0.786 around $16.50 before going all-in with fib based targets at circa $24/ $30/ $46 and maybe a moon bag up to $60ish.
FILECOIN - Where will Dr.Fil Go? 🎯100%+ POSSIBLE🎯Should be an easy play here on FIL we have a clear wedge forming with volume building. wait for either the breakout or the retest of bottom support and set you TP's accordingly.
Fundamentally FIL is a good prospect with real world use cases (though their fee structure could use some work to be competitive). They are a token held by greyscale.
LINA USDTPretty clear TA here on this one. An ascending triangle and an Eve&Adam reversal.
Three possibilities in play:
1) We break above (blue) 0,07 mark and stay above to confirm this Eve&Adam reversal
2) LINA stays within this ascending triangle and move up after another drop to the yellow uptrend-line
3) Worst case, we break through this ascending triangle and test the support level of ~0,026 again
On this coin, we are still in accumulation phase and I expect a strong breakout the earlier or later with good volume above 0,07!
Interestingly, the target of this Eve&Adam reversal is exactly the 0,618 Fibs!
CHR - NFT Boom Activate 🚀300%+🚀CHR is a fantastic NFT ecosystem that has had some dealing with the united states airforce in the past - makes you wonder why it hasn't taken flight yet.
Well it looks like we're about to leg up hard - breakout has already happened, retrace has already happened, and gratuitous spending is about to happen when it comes to the BPT subscriber base.
NKN - New Kinda Rocket Ship🚀1000%+?!🚀 NKN - one of my favourite sleeper projects, is looking to make it's way to the bank once again.
Significant volume spikes after the most recent breakout and retracement- this chart like to move QUICK when it moves and the volume spikes are a clear indicator something is going down.
Don't sleep on this - NKN is easily a coin that deserves a spot in the top 100 and still has a SIGNIFICANT way to go before getting there. So why not catch a ride?
MTL - Another Giant Cup and Handle Ready to go Nuclear?Looks like MTL lives again and is very likely to put up massive gains from here.
The chart is showing a tasty cup and handle formation, with us just breaking out of the handle now.
You can't really see it on this chart because the earlier volume spike was massive - but we're getting decent volume on this breakout:
Suspect a quick retracement at some point but I would be picking up a bag of this for the long term. The last breakout gave us almost 40x gains in just 147 days.
UNFI - Looking to GROW, Get Some Before It's Too Late!UNFI is showing strength against BTC with higher lows after breaking out of a long term downtrend.
Seems to be facing rejection at every climb thus far but buy volume is still beating sell volume considerably, suspect this will make it's break through sooner rather than later.
I would buy at this current level for a long term position with very reasonable risk reward.
BTS - Ready For More? Insert K-Pop Joke Here?!BTS is looking like it's ready for an absolute monster leg up.
BIG breakout with volume confirmed on weekly timeframe into bottomed RSI and a bullish butterfly on the daily timeframe.
Suspect we'll hit over $1 in the next 3-6 months.
ZIL - Long Term Pattern Showing Again - Keep An Eye on This!Zilliqa is one of my favourite charts to trade as it runs a very simple pattern generally of pumps and consolidations.
Indeed, we've got some history:
And now it looks like we've got a massive cup and handle on the weekly chart. This could be a MASSIVE move when this pattern breaks.
Volume is declined, RSI is bottomed but relatively still in a strong spot. We're below all EMA's but a correction back up will lead us right into a breakout.
Fundamentally ZIL is big for tokenization and with the NFT sector coming back strong from it's crash this is a chart to keep eyes on over the coming weeks.
Market Pivot or Market Manipulation? Why not both!The elephant in the room first - Why do I keep bringing up these charts? Well they are acting a weird way. and weird stuff tends to mean something is happening outside of the norm.
We've started to see a rapid decline in active shorts on Bitfinex, which coincides with a bounce in btc price.
If we look back at the last two spikes - We see clear patterns in each. It seems once the direction is decided it has been more or less fully playing out with very little in the way of overall variance.
That said, we have a sample size of 2 and they've gone different directions each time: not exactly the most definitive scientific study I've ever seen without a doubt. But there definitely seems to be something going on here.
The hyopthesis here is that we'll see a movement play out similar to last time. Though with seeing longs start to climb now, it could be a very interesting out come.
BTC - Short Term Chart Looks Interesting? Catch The Retrace!Looking at BTC 2H chart, looks like a clear downward compressive channel.
Could be a nice shorter term play into the next retrace - as I don't believe the correction is over QUITE yet.
But we're close. So play the range because it's so clear and make some money while we wait for the next big adventure to moontown.
CHR - BIG breakout in play. Ride It To THE BANK!!Looks Like an Easy play on CHR in the works with volume taking us into a bullflag breakout.
NFT sector is moving like someone store is so don't feel bad taking the low hanging fruit.
Catch the retrace or market buy now and be a little patient should be an easy pay day for us.