The only rational way is up!Hello, I decided to not draw any crazy lines, trends, moons or anything like that etc. I am sharing only long term view at SCBTC chart to see that SC cannot go much lower and with upcoming news, partnership, application and adoption I see only one way - up! (well, if BTC will go straigt to 100K than maybe we can dip a little bit lower).
I invest in SC because I believe it! If you do a little research, maybe you will start belive as well as Sia, Skynet, SkyDB is amazing and very similar to the King BTC (just in different area of application). There are plenty amazing things happening in the background and also plenty open doors with oportunities to be build on top of Sia. Adoption just needs time (it was the same with TV, Internet and other things which are very comon today). Altcoin market is very wide and full of scams, but Sia definitely is NOT one of that. Sia team is working hard with focus on their vision, roadmap and real world application and marketing was almost ignored during the develepment period. This may change soon as new marketing person was hired into the Sia team. SC is not only good investment (value will increase with adoption) but it is also great utility coin as it gives you very cheap way to store you data in fully decentralized way, stream your movies directly to TV or other devices or build decentralized internet => WIN-WIN.
check sia.tech, siastream.tech, siasky.net ...
Not an financial advice.
Bullrunincoming
Mentally Preparing for the upcoming Bitcoin bull run Bitcoin daily time frame from the start of May until the end of December. This post is to mentally prepare us for when a pullback of Bitcoin happens. Hold your position because it will rally back higher than before.
I measured the rallies and pullbacks from the peaks and troughs. The yellow line underneath is the 20 week moving average which needs to be held to maintain our bull market. We currently about 41% above the 20 week moving average. A pullback of 30% would bring us to the 20 week. I am extremely bullish on Bitcoin but I am prepared for 20-30% pullback to open before we rally higher.
ETH: The Healthy Correction Before Take Off!My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
ETH has been on quite the run w/ BTC leading the way in which we should see BTC enter a correction/accumulation phase. Thus, we should see a new cycle of bullishness from Alts, with ETH leading the way, and LINK on ETH's heals. So, ETH could slightly correct back down to around $447 to regain momentum to break the $468 resistance, however, I believe a deeper correction is needed to break the $468 resistance, which the RSI supports this narrative. Therefore, we could see another 200EMA bounce before the bullish fever takes ETH beyond $488, and on through $500.
Moreover, BUY BUY BUY as much ETH as possible, because these prices are relatively cheap, due to ETH being undervalued. Might not see these price levels ever again!
DeFi Tokens Aren’t Taking Part in This Bull Run YetWhile Bitcoin is in its strongest bull market since 2017, DeFi tokens have actually been selling off.
Bull Run and Subsequent Correction
This year was terrific for the DeFi tokens until September; some grew by more than 5,000% from January 2020. The DeFi Index we are analyzing was created towards the end of June, and therefore we are unable to showcase the entire uptrend. However, we can see the end of the bull run, which occurred this summer.
On September 1st, the entire Crypto market experienced a pullback, and amid a few exceptions (e.g. THETA, BNB), all coins stayed at lower levels for the rest of the month. In October, Bitcoin started gaining strong momentum, rising around 28% and closing the month at a yearly high – that's when the main divergence between Bitcoin and the DeFi tokens appeared. While Bitcoin continued to grow, the DeFi tokens intensified their sell-off, reaching their July levels at -60% from the all-time high.
Where to Next?
We currently appear to have bounced off the $1,375 level, which acted as support throughout the end of June. The support at $1,375 is the last level that we can see on this graph (due to the index's relatively recent arrival). Therefore if it breaks, we will have to look at the individual tokens to identify other support levels.
As the DeFi tokens' price are not correlated with BTC and the rest of the market at the moment, it is hard to tell what will happen next. Today the tokens did follow Bitcoin in its bullish day, but whether they will continue to follow is still uncertain. However, if you believe in the DeFi tokens' fundamentals, then this is an extraordinary opportunity to buy some at a 60% discount.
ETH: 2.0 The Catalyst for Bullish FeverMy Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
ETH has crossed a major negative sloping resistance, which origin point is located @ $488.26 (09/ 01 /20). With ETH making this type of move post-election, could be one of those premature, tall tell signs that a bullish narrative is nearing. However, it appears we may have a 9EMA Cross do the downside, which means this would be a great entry buy for ETH, as we should expect ETH to make higher highs post ETH 2.0 launch date release. Therefore, if ETH takes a dip, BUY BUY BUY!!! It is very unlikely we see ETH this low within its lifetime.
BTC: Future Prediction My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
BTC Story repeat or not ?it's always usefull to compare fractals. we can see on this chart that we have a very high correlation between 2017 and 2020 prestart BullRun.
The Story can repeat but have no reasons to repeat at the exact same time without strong Fundamentals and Catalysts. This chart is just made to show you where its possible to be right now, and the most important, where you don't want to open a Long Position without some strong confirmations and avoid bears traps.
i hope it helps peoples to see more clearly!
Happy Tr4Ding !
$BTC 14k next before an attempt to a bullrunBitcoin 3 Drive up taking out 2019 highs into a solid dump is not off the table for me.
Consolidate & find acceptance above 2019 high & we can talk about 16k+. Until then, this can turn out to be a big liquidity grab
The bullrun wont happen unless we get acceptance & consolidate above our 2019 high.
Pay attention to the PT Rsx, once it crosses down, we should get a big BUYING opportunity.
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XRP/USD , BTC/USDIn my opinion the charts show the similarities in moves as they did in the past.
Will history repeat? I don't know, I believe yes.
The market is bullish, in my opinion we could enter the new bull run, if btc can retest the ATH before new year 2021.
This is not investment advice, it's educational purpose only.
i think its gonna run hard tomorrowsomeone turned me on to this ticker ran alittle after hours but i think its gonna run hard tomorrow but remember i am not a professional so please do your own d.d. and if you agree grab your position
Possible TRIPLE TOP OR RECTANGLE?! XRP 24/08In this moment I'm very bullish on xrp, I see a possible triple top and a more possible rectangle. RSI and MACD give good signals on the daily and weekly chart. I forecast a possible breakout of the resistance. If your idea is not the same, comment below!!
BTC DOMINANCE AS JULY '17 - SAYS THE ALT SEASON MAY RESUMEHello, as per my last update on the dominance linked below, we wer monitoring the descending triangle breakout. Well, it happened, and the BTC dominance also broke through the uncertainty/fake breakout turquoise area and fell below 62. The last time it happened was July 2017, just before the real bull run.
The next target is 57 as far as I am concerned, so the alt season may resume. The next goal is to find some good alt to invest in for a quick profit. It will be the topic of the next idea.
What do you think? Is this dominance pattern signaling an altcoin season resume or more importantly, it is signaling an incoming bull run? Or again, none of the above? Let me know your ideas below!
XRP/USDXRP/USD is long in my opinion, but don't take this as an investment advice..
See the donwtrend channel, you look that many times price was rejected from the up trendline, what other candles didn't, the previous weekly candle did, which brakes upside the channel.
NOTE: this is for educational purposes only, it's not an investment advice..