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BTC-ETH-XRP

Buying & Breakout Areas of 16 Altcoins!Hi, First of all, I would like to thank you all for answering and naming your favorite coins. Firstly I said that you have to mention two of your favorites but somehow it went out of control and some of you named your top 10. I cannot argue because if someone didn't "read" the description then it can be misleading information but no worries we got a hell of data from TradingView users. This data is also good for newcomers because it shows exactly which ones are the most "valuable" and much-talked-about coins in the commune of TradingView, at least in my comment section. It should narrow the list of coins. Before we jump into the statistics, is good to see that every time I make this questionary then top coins are a bit different. The previous questionary was by far the most answered. Thanks also for TradingView who picked it "Editor's picks" which added a boost to the post. Now the interesting part of the idea post - the statistic: - More than 32k views - More than 700 likes - More than 450 comments - 1137 mentioned altcoins - 256 different altcoins Firstly, I said I'll do technical analysis for TOP10 but as you have understood, I have shifted the boundaries more than ones and I have to do this again. TOP16(!) gets analyzed and I would like to share the list of it plus some who stayed closely behind the door. The list of TOP mentions: 1) ADA - 62 2) VET - 36 3) DOT - 29 4) XLM - 24 5) XRP - 23 6) ONE - 22 7) ALGO - 22 8) BNB - 21 9) LTC - 21 10) ENJ - 20 11) GRT - 20 12) CHZ - 19 13) MATIC - 18 14) BTT - 18 15) TRX - 17 16) REEF - 16 ---- 17) FIL - 16 18) HBAR - 16 19) LINK - 16 20) ETH - 15 21) SXP - 15 22) THETA - 14 23) RVN - 13 24) ATOM - 13 25) EOS - 13 30) CRV - 11 40) EGLD - 8 50) CELR - 6 70) AION - 4 100) LIT - 3 Here might have some typos from my side and from your side which can affect the list a bit but in general, the TOP should be like as shown. The first part is over, now the second half of it - finding some buying areas from lower prices, breakout possibilities and etc. To be said, I tried to analyze and find at least something for all of them but some are just so out of the control and technical analysis just doesn't work on them but always is possible to add at least one technical analysis criterion to make a buying decision. If you don't have anything then it is just guessing or you can find yourself surrounded by FOMO players, you are included. Based on the technical analysis, it is possible to put the money to work for you as fast as possible. A little bit more, there are breakout opportunities and correction opportunities - lower prices. Breakout opportunities are definitely a bit riskier especially if they make a new all-time high. The price action needs to be quite good to make a buy after the price has made a new all-time high. If not, you can just catch easily fakeouts if the lineup isn't perfect. These breakouts which are in the middle of the price range are a bit safer but in general, you should be quite good at fundamentals to buy these blindly. So, my recommendation, invest in my shown breakout opportunities only then when you have made your fundamental analysis. Lower price ranges: On previous posts like this I got a lot of questions about lower price ranges. "Do you really think that the coin comes so deep?", "Lower prices? Do you wait for a correction?", "What!? Lower prices, the correction is coming yes?". To be clear, I don't care about anything, when, why and etc. I know one thing and keep that in mind: IF the price comes to my marked area only THEN I'm interested in it! For me everything needs to be technically correct otherways I don't want to invest! Preparations should be done earlier than the correction happens. It doesn't help you if you start to use your helmet AFTER the bike crash. If you have seen my previous post about TOP altcoins, then you should know that it has worked quite perfectly if you do your analysis in front. Let's start: 1) CARDANO - ADA/USD (Daily TF) Breakout possibility: The price action of ADA has drawn a resistance around $1.35. To be said, let the price action shows that it is capable to go higher, let the investors show to you that they are willing to pay higher prices for Cardano, you don't have to guess, you just wait for a confirmation, otherways your money can stay stuck into the zone of consolidation and it simply doesn't work while you sleep. The confirmation comes after a Daily candle close above $1.40, wait for a lower prices retest and you should be good to go. Grab it from lower prices: At the moment the key level is $1.00, the price of ADA has got multiple rejections from that but if it breaks then we might see lower prices. A break below $1.00 can drive the price around $0.55 to $0.78. Be ready to grab it there if the crypto market starts to correct a bit deeper. For all: it is a perfect example of patience. Firstly, waiting for a breakout you get the confirmation that the price is willing to go higher, investors are ready to buy it from higher prices, and secondly, it goes even better - if you wait and breakout doesn't occur, you get it after a correction from lower prices, perfect. Do not act just simply "oohh....ADA is a great coin I would like to invest blablabla...." No, wait for confirmations and both scenarios put your money work faster, do not buy it in the range of consolidation! 2) VeChain - VET/USD (4H) Breakout possibility: VET has been below and fighting with the round number $0.1000 for already 2 weeks. The price action has drawn a pretty solid/clean resistance and the move upwards should be confirmed after at least 4H candle close above $0.1000. Wait for a retest and buy the shown strength, do not guess it before it doesn't happen. Grab it from lower prices: VET/USD (Daily) The zone of the buying area is quite wide but there is a solution. The longer your investment period is the sooner you can start load your bags. Technically a good area to grab it stays between $0.045 to $0.062 3) Polkadot - DOT/USD (4H) Breakout possibility: Here is actually a good example for all, as you see we already got a breakout from DOT, and also we have a retest. That's how they should work for all of them, so remind that price action. At the moment, I cannot recommend buying it right now because the initial retest has occurred but IF it comes back then $39-$40 might be also a good area to take it. As I said previously, these breakouts aren't my favorite so it is considered as a risky trade. Grab it from lower prices: DOT/USD (Daily) Those who are waiting for lower prices, so as I, then technical analysis guides us as low as ~$20. Again the zone starts a bit sooner but the good area should stay between $17.75 to $24. So keep an eye on the mentioned zone, alerts on! ;) 4) Stellar - XLM/USD (Daily) Grab it from lower prices: The breakout structure is not quite there and I don't want to share it also because I don't like/understand the price action around the current price. So, I can grab it only from lower prices and luckily quite good criteria waiting for us around $0.21 to $0.29 5) Ripple - XRP/USD (Daily) Breakout possibility: There is quite a challenging resistance just above the current price. The resistance consists of two minor zones, which both together make an area hard to beat. In the smaller timeframes is possible to act in the middle of the two higher gray areas but I would like to see a confirmed breakout, Daily candle close above $0.75 or $0.80, and then comes back to retest these two resistance lines which started to act as a support after the breakout. It needs a bit more patience but it is also worth it. Grab it from lower prices: If it gets a movement downwards then $0.45 to $0.53 should be technically a decent area to grab. 6) Harmony - ONE/USD (4H) Grab it from lower prices: Quite a solid price action are pointing $0.1 to €0.13 7) Algorand - ALGO/USD (Daily) Breakout opportunity: A great breakout should be a Daily candle close above or very close to $1.50 a little retest of the breakout area and go to the previous ATH. Grab it from lower prices: Actually, here I would prefer that mentioned breakout setup because the lower prices is not so sure but still area between $0.66 to $0.82 should be correct to buy it. 8) Binance Coin - BNB/USD (Daily) Breakout opportunity: We have a tiny range and we have also a candle close above it so we can consider it as a breakout. Not the best one but if you have some good fundamentals to push it then you can buy it almost right away. Grab it from lower prices: As always, I want to see lower prices and the correction guides the price to $268-$304. If BTC gets a bit deeper correction then this level doesn't hold, so start to build your position carefully. 9) Litecoin - LTC/USD (Daily) Breakout opportunity: Nothin in nearby but if the Daily candle gets a close above $250 then you can buy it after the throwback to 220 to 240. As said let the price and investors show you that it is willing to go higher do not rush! Grab it from lower prices: Quite good criteria matching around $105 to $137. 10) Enjin Coin - ENJ/USD (Daily) Breakout opportunities: Too risky to recommend, not enough data on the top of the price action. Grab it from lower prices: If the price comes to test the buying zone around $1.3 to $1.7, then I'm interested in ENJ. Strong criteria matching perfectly inside of it and hopefully, it touches the mentioned area to make a profitable investment from the marked zone. 11) The Graph - GRT/USD (Daily) Breakout opportunity: In general, it is quite a tough chart and price action but as I promised, I'll try to find at least something. So, a Daily candle close above $2.2 and wait for a retest ~$2.00 and technically it should be quite an okay setup. Grab it from lower prices: I didn't want to even draw it here but I want to look it only around (better if below) $1.00, only then it starts to look interesting to me because it is a bit messy buying area if the correction comes. Cannot narrow the area so much that I'm satisfied. 12) Chiliz - CHZ/USD (4H) Breakout opportunity: Break above the higher gray area and above the trendline, a confirmed break would be a 4H candle close at least above $0.58. It needs to occur within 4 or 5 days. Grab it from lower prices: $0.25 to $0.35 should be technically the correct spot to look it up, considering the current, quite difficult, price action. 13) Polygon - MATIC/USD (Daily) Breakout opportunity: Nothing certain. Grab it from lower prices: $0.20 to $0.27 is the first area. There is also a second area around $0.15. So, do not push all-in at the first area ;) 14) BitTorrent - BTT/USD (Daily) Breakout opportunity: LOL Grab it from lower prices: As said, at least something and those of you who want to enter into the skyrocket, wait for at least 50% correction from the current peak. From there it should make at least a technical short-term bounce ;) 15) Tron - TRX/USD (Weekly) Breakout opportunity: LOL Grab it from lower prices: Same story as BTT, I don't even want to look at it before it reaches back around $1.00. Uuuhhh...ugly charts, for making TA but as said, at least something ;) 16) Reef - REEF/USD (Daily) Breakout opportunity: A bit far away but good confirmation if the Daily candle gets a close above $0.5 Grab it from lower prices: Quite a wide area, because it is hard to narrow the buying zone but your eyes should be pointed between $0.2 to $0.3 That's all and my brain is overheated. If you find something interesting, then leave the "LIKE" and feel free to comment. Stay heathy, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
61
BTC (Bitcoin) Grayscale is interesting.About 80% of the investments in the trust, which now manages $38.5 billion, is from institutional investors, Grayscale disclosed at the end of last year’s third quarter. ***COT data is showing Longs of (5 Bitcoins) 2,335 & shorts at 7,144. The discounted shares in the trust suggest that institutional investors are rushing to sell shares in the trust, perhaps preferring to invest their Bitcoin in vehicles that undercut Grayscale’s 2% management fee and avoid its brutal redemption schedule. Grayscale Now Owns More Than 3% of Total 21 Million Bitcoins That Will Ever Exist... The weekly Stochastic is up at it's high. The alt coins smoothed Oscillator is running only slightly above BTC. However the Total market cap has had 3 nice peaks up and now the momentum sideway showing a 3rd down wave on the oscillator. Then we have the Grayscale ocean of divergence. Grayscale chart (no drawings) In the absence of a Bitcoin ETF in the USA, Grayscale’s trust remains one of the only ways to invest in Bitcoin through a regulated investment product. “Prices would rise for sure someday,” speculated trader Kushagra Singh in an interview with Decrypt. See the related ideas below for more of the technical analysis on BTC. COT - www.cftc.gov News article - decrypt.co Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
16
Bitcoin - merriment turns professional I have recently written a few posts on Bitcoin. As an early adopter, I have been tracking the tech since early 2011, my work outside of trading is in technology (including Blockchain) So with a tech hat on - the last couple of weeks have shown a transition in the technology domain, more acceptance and more blockchain based projects. Almost like the rise in 2017. However, with a pure trading hat on - It's now clear to see the transition from full out speculation, your friends talking Bitcoin in the pub, your family asking for advice on crypto, people you haven't had communication with for 20 years, reaching out to say they bought some. The "Bitcoin Instrument" is in the transition. Institutional money has started to treat the coin & not the sector (yet) as any other investment tool. You can clearly see from the COT data, the patterns in the move and the respect of key value areas. The move from every man and his dog, owning major positions, 10,000 Pizza's - to now a tool for the big boys. Which means although we will of course have major impulsive moves. They are more likely to be controlled. On the 28th of Feb, I drew out the next key value area. (also see older posts on the topic) As of this morning, we can clearly see the respect of the level holding. This combined with current COT "short/Long" positions will highlight even more the transition. Comments on BITCOIN or/and Crypto in general...??? Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDLong
by Mayfair_Ventures
20
RIOT is recklessRIOT reacting to crypto and spiking good pre market for a gap play. I entered options right at open with confirmation from my buy signal and am just playing the breaks through each resistence. Can this retest its highs?! Set your stops and enjoy the day your work is done if you entered, let it run! If you like this idea or my other ideas please feel free to let me know in the comments. Like/share. Great dip buy opportunity confirmed with todays price action so far. Play it safe!
NASDAQ:RIOTLong
by Verum0
4
There will be very very intersting update after HIT 53K! SOON ..Hello friends, If we will Hit to 53K with the expecting breakout ---> know that there will be a very interesting update depending on MARKET AND TA, and maybe is this the second time that it will happend on market on this BTC cycle. we will follow the trend - if we we will hit the expeting trend 53K soon, i will update that update directly. Bitcoin go on them way, as we long trade above 50K , there should be a no problem for down trend. --> Breakout still expecting any time. What are the expecting of market? As long we dont breakdown the 50K with confirmation line, there is no downtrend. Strong effect on 50K. --> possible breakout. know that more than 80% of our BTC Updates are right / this depending on TA and market follow. Discipline are the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly
Long
by watchtrend
4
TOP10 Altcoin Buying Areas! Let's Do It Again!Hi, Comment on TWO of your favorite altcoin, hit the LIKE button and you will get your favorite coins into the list! Top10 mentioned altcoins get analyzed, pointing out breakout areas and if they get a correction then pointing out strong buying areas from lower prices! Previous ideas: TOP 10 Current profits after 8th of Jan. recommendations: ETH: +85% ADA: +275% XRP: +100% LINK: +140% XLM: +125% LTC: +60% TRX: +50% ALGO: Really close, atm around 280% BUT didn't reach EOS: +30% DOT: +377% TOP 11-20 Stay healthy, Vaido
COINBASE:BTCUSD
by VaidoVeek
156
The (COT) - COMMITMENT OF TRADERS Mystery RevealedThis is NOT an in-depth explanation or a way to trade, this is just highlighting some basics from a question I get a lot, you might see some traders talking about COT data. You may even see it in some posts. There's no magic to it, all you need to know is what exactly it is. Of course, if you can use it within your edge to understand some bias by the bigger operators. What is COT Data? The Commodity Futures Trading Commission (Commission or CFTC) publishes the Commitments of Traders (COT) reports to help the public understand market dynamics. Specifically, the COT reports provide a breakdown of each Tuesday’s open interest for futures and options on futures markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. The COT reports are based on position data supplied by reporting firms (FCMs, clearing members, foreign brokers and exchanges). While the position data is supplied by reporting firms, the actual trader category or classification is based on the predominant business purpose self-reported by traders on the CFTC Form 401 and is subject to review by CFTC staff for reasonableness.2 CFTC staff does not know specific reasons for traders’ positions and hence this information does not factor in determining trader classifications. In practice, this means, for example, that the position data for a trader classified in the “producer/merchant/processor/user” category for a particular commodity will include all of its positions in that commodity, regardless of whether the position is for hedging or speculation. Note that traders are able to report business purpose by commodity and, therefore, can have different classifications in the COT reports for different commodities. For one of the reports, Traders in Financial Futures, traders are classified in the same category for all commodities. You can read more info and get the actual data from the CFTC site itself. www.cftc.gov Methodology The weekly report details trader positions in most of the futures contract markets in the United States. Data for the report is required by the CFTC from traders in markets that have 20 or more traders holding positions large enough to meet the reporting level established by the CFTC for each of those markets.1 These data are gathered from schedules electronically submitted each week to the CFTC by market participants listing their position in any market for which they meet the reporting criteria. The report provides a breakdown of aggregate positions held by three different types of traders: “commercial traders,” “non-commercial traders” and “nonreportable.” “Commercial traders” are sometimes called “hedgers”, “non-commercial traders” are sometimes known as “large speculators,” and the “nonreportable” group is sometimes called “small speculators.” As one would expect, the largest positions are held by commercial traders that actually provide a commodity or instrument to the market or have bought a contract to take delivery of it. Thus, as a general rule, more than half the open interest in most of these markets is held by commercial traders. There is also participation in these markets by speculators that are not able to deliver on the contract or that have no need for the underlying commodity or instrument. They are buying or selling only to speculate that they will exit their position at a profit, and plan to close their long or short position before the contract becomes due. In most of these markets the majority of the open interest in these "speculator" positions are held by traders whose positions are large enough to meet reporting requirements. *** Reference from Wikipedia*** When combining with other analysis - you can use it to obtain bias or simple confluence with your existing ideas. For example, here's the chart plotted on a weekly timeframe using Elliott wave theory - Plotted usign another piece of software called "Advanced Get" If you combine this with the data from the CFTC website - you will see that the professional operators have been reducing long positions and gaining albeit staggered short positions on the move down. This showing the overall trend move - If you drill down further and look at the difference in short positions between the 19th of Jan and the following week (26th) on a daily chart you will see a rally. (go check it for yourself) A useful tool As I said at the start of the post, it's not the master strategy. It's simply another tool - I just wanted to share some info with the community on what it is and how it can be used. If used correctly - it can prove useful. Have a great week, feel free to pop questions below. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
9
BTC on track for 47.4k w/overperformance expected.The nested MM setups are trading nicely, adding some probability for the larger MM to reach the target. Also considering the very clean price behavior confluence of the Correction Channel, we could be seeing overperformance of the Profit Target. Only time will tell...in the meantime, possible entries to enter the trend are as follows. Nested MM Entry 1 - 36950 Nested MM Entry 2 - 35555 Stop Loss for Nested MM - 34760 Target 1 - 43060 Target 2 - 47440 Target 3 - Trailing Stop Even if the Nested setups fail, our long term directional bias remains bullish above 26150 which is confluent with the longer term BLX analysis I did on my very first post. () Happy Trading! Remember to manage your risk!
Long
by SmileyTrades
Atom ETHSo there are many pairs you can trade in the cypto markets. BTC/ ETH/ USDT/ ETC..... This one in particular is Atom/ETH Eth seems to be pulling back, and if you look at some ETH alt pairs they are holding well and or bouncing. This means money from BTC and ETH might start flowing into midcaps, then into smaller caps. ATOM ETH is one i have been keeping my eyes on. Currently on the 4 hrs looks to be forming an IHS. If i am not mistaken it is already above the resistance line and if it holds support here for a while or breaks out, then i think the chart will speak for itself.
Long
by Oroboros-
1
trxusdtBINANCE:TRXUSDT Hello good friends, I hope you are smiling and happy wherever you are. Well, I'm Mustafa (Mr.MB) and I'm here to give you another analysis of Tron currency. Well friends are the red and green areas of the prz, and the blue area is the resistance area in the weekly timeframe. Well, if he can break and stabilize the top of the lower canal above the main line, he can go to the middle line of the upper canal. And if it stabilizes above the price of $ 0.033, it means that we can see the beginning of a rally or an upward price trend Friends, if the price stabilizes and the area I mentioned, and I hope you are full of profit.
by Mr99MB
1