Here comes the Boom!!!Hello friends.
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Like we said earlier the bottom has been set last week Monday, now we going to challenge the 40k area real soon. Only concern is Joe Biden executive order that is coming up. If it is bad we can go back up to the glory days or if they try to kill the vibes then we can drop even more. Overall, i think the involvement of the American government is good for crypto but in the short term we are going to get a lot of volatility.
Currently we trying to break above 40k and we are retracing into support. If support holds we going above 40k. We going to take this day by day since this new.
Bullrunincoming
MTV LONG SETUP IDEA #MultiVAC $MTVHi everyone i know i haven't shared any analysis in a minute and I apologize its because i've been busy, I plan on slowly getting back though so please Please give me a Follow if you would like to see more of these clear setups!
Here's a setup of MTV, we are clearly in an ascending channel, with everything going on in the markets(New tech, NFT Platform, Better marketing) are creating a beautiful setup, we still have little room for an upward movement to $0.012-$0.013 zone and i expect a drop back to the bottom of the channel $0.006 before continuing upward with the channel and BULL CYCLE. Patients is the key, but don't time the markets. Plant your seeds right.
Check out my previous analysis on Other Crypto’s if you’re interested in market analysis.
Merry Christmas and Happy New Year 🎉
Long VETUSD | Update on Vetchain on the raod to $0.35First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We ended our Phase 2 correction at $0.07 after a Zig-zag in ABC decomposition (Purple).
We then started our phase 3 with the two sub-waves 1 formed in recent days.
We are now entering phase 3 of the sub-waves which will form the bullish impulse of our bullrun.
A first objective towards 0.187 offering us a beautiful opportunity of 122% attention in counterpart not to go down below 0.066.
Let's give IOTEX time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
Long IOTEX - On the road to $0.24 and more First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We ended our Phase 2 correction at $0.1 after a Zig-zag in ABC decomposition (Purple).
We then started our phase 3 with the two sub-waves 1 and 2 formed in the last few days.
We then enter according to this scenario in phase 3 of the sub-waves that will form the major impulse.
Let's give IOTEX time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
Daily Crypto Market Update - Are the Bulls returning? Jasmy AltsIn this video:
* I start with the stock market indexes, assessing the markets reaction to the FOMC press conference yesterday
* Stock markets look to have received the Fed's statements well.
* VIX (fear index) dropped as expected. Indexes popped.
* All of this positive reaction still must be confirmed on the daily
* If the sentiment continues, it will eventually spill over into the crypto space and we will turn bullish again
* We are seeing lots of positive signs in the altcoin space
* I believe we are at/near our bottom and I like the entry benefits on many coins at these levels
Quick look at BTC Fib-levelsHere's a quick Look at BTC fib-levels and the overall daily chart . As we can see, the price has been forming falling wedge and the price is still oscillating within it! A falling wedge Is a bullish pattern , but a break below it could cause a bigger drop in price.
Also the fib levels are very important to look at. As we can see, the price is currently below the 0.382 fib level and if we get a daily close below it, we could get down to test the 0.5 fib-level (49.3k).
The best entry would be, when the price gets within the entry zone.
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Fibonacci Retracement Levels:
"Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence, a mathematical formula that originated in the 13th century.
Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%."
Key Takeaways for Fib-levels:
- Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point.
- The percentage levels provided are areas where the price could stall or reverse.
- The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
- These levels should not be relied on exclusively, so it is dangerous to assume the price will reverse after hitting a specific Fibonacci level
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
DXY CAPITULATION PENDING A WEEKLY CLOSEAfternoon people,
Thanks for taking the time to check out my Technical analysis, much appreciated. Constructive comments are always encouraged.
DXY has enjoyed a lot of strength in recent weeks, strangely baffling seeing as since 2020 the supply of USD has increased by 30%+. There is now more Dollars in existence than have ever been, yet according to recent strength it would seem people still trust the Dollar. It seems like a recipe for disaster if you ask me. The dollar is weak, it has been since Nixon unpegged it from the Gold Standard, thus sealing its fate as a fiat currency. History shows us how it ends for "world reserve currencies", the cycle is around every 100 years. Guess how long the Dollar has been in power for ;)
Price attempted to breakout to the upside last week, completing the impulsive move from 94.56 to 96. However the .5 fib held and sellers stepped in causing a considerably big wick. Indicating buyers are struggling to break through the fibonacci levels that are acting as resistance. we closed with a huge wick on the weekly. I'm now waiting for a weekly close below the aforementioned levels to indicate a continuation to the downside. This adds further confluence to my idea posted earlier in regards to Bitcoin. It would seem Bitcoin has found its bottom and we should now be expecting Bitcoin to start moving towards my 233K targets.
Once DXY starts collapsing, the downside targets at the D ext. are 86 & 82 respectively.
It is my belief that we will be seeing the Dollar collapse as Bitcoin goes on its parabolic blow off top phase of the market cycle (something we haven't seen yet).
Regardless of how far Bitcoin goes, it needs a DXY collapse to do so. Similar to 2017. So far Bitcoin is inversely correlated with DXY. Observed today we can see weakness in the DXY has led to Bitcoins price rising and therefore the rest of the crypto market across the board. This is just the beginning. Don't be disillusioned, when Bitcoin does pullback, which it will. This will be a great buying opportunity. Be patient & ENJOY the show.
Remember to take profits as you go and scale out. We don't need to pick tops. No one ever went broke taking profits.
Happy trading,
Big Love
BTC UPDATE BTC pumped nicely with volume from last Run's top as expected. Now we are approaching Major Trendline resistance alongside horizontal resistance around 58-59k zone. I expect a rejection towards 56k zone and then continuation upwards. But if bulls manage to break in one go, our 88k Target will just be a matter of 2-3 weeks
BCH Breakout ✅ Done, it has potential to give us 10x profits!!Technical analysis: #BitcoinCash (Daily update)
. Symmetrical Triangle Upside Breakout ✅
. BChUSDT is breakout confirmation done as well as trading above the both MA's (21 & 50-
Day MA), and the beginning of parabolic uptrend is expected.
. The RSI is also TRYING to breakout its downtrend, if it could happen which give momentum bch from here.
Take Profits:
TP1= @ $1000
TP2= @ $1621
TP3= @ $2650
TP4= @ $3166 and then it could really more then $4000
SL= below 500 usdt on daily closed bases
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ETHUSDT Roadmap ETH is great for investment. As you see on the chart, 9k, 12k, and 17k are the major points that will be touched in the future. Hold and whenever it falls, you can add to your wallet. BTC, ETH, and DOT have the same capacity, and all these ones are going to touch upper levels. As a tip, whenever you are in profit, you can take your profit! HODL and enjoy!
DOGE Updated! Keep an eye on this setup! Here's a quick Look at DOGE 15 min chart . As we can see, the price has been forming a falling wedge and we could see a break either way soon! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above the falling wedge and the level shown in chart with good amount of volume .
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The idea is: Buy when the price breaks above 0.29$ with good amount of volume and take profits at the levels shown in the chart.
Targets:
1. 0.3$
2. 0.31$
3. 0.335$
4. 0.355
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
TOTAL2 ANALYSIS! GREATEST ALTSEASON OF HISTORY IS ABOUT TO COME!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ALT market cap looks very bullish to me. It is forming a giant ascending triangle which is a very bullish pattern and currently trading inside this triangle. Once we broke out from this triangle ALTS pumps like crazy. We may see the greatest alt season of history in the Q4 of 2021.
However, the ALT market cap currently facing resistance here which is at $1.26 trillion. So I expect some retracement from here and we get our last chance to pick Alts at a cheap price. So keep a close eye on the Total2 chart.
As soon as we break this ascending triangle we see a new ATH of Alt market cap.
So be ready to witness the greatest Alt season of history.
Do you also think we see the greatest Alt run in Q4?
If you like this idea then do appreciate with your likes and support.
It always motivates me to work more and more.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank you!
Keep an eye on ADA - Will move soon!Here's a quick look at ADA 6 hr chart. As we can see, the price has been forming a bigger bull flag and we could see a very big move to the upside soon! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the bigger bull flag with good amount of volume .
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The idea is: Buy the breakout from the bull flag and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 2.37$
2. 2.57$
3. 2.96$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Quick Update on BTCSupport Zone 1: 29k - 33k
Support Zone 2: 38k - 42k
Resistance Zone: 47k - 51k
The ultimate goal is to get above the resistance zone AND the bigger descending triangle and get at least 2-3 daily candle close above.
For now, BTC is struggling to stay within the resistance zone so we can't be too conclusive about the trend yet.
One thing to note is that we got a daily candle close above the 50 MA and 200 MA which normally is a bullish thing to do.
I have to add that the stock market continues to go down, and normally this impacts BTC, but for now it hasn't. We may see a decoupling for the next few months where BTC runs to new ATH's. When BTC went from 65k to 30k, the price of S&P 500 made new ATH's and at that time the stock market did not impact BTC. The theory is that BTC might do the same now where it runs to new ATH's where at the same time we see a correction in the stock market.
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Uptober has been good so far! Keep an eye on AXSHere's a quick Look at AXS 15 min chart. As we can see, the price has been forming a bull pennant and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the bull pennant with good amount of volume .
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The idea is: Buy the breakout from the bull pennant and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 117.5$
2. 120$
3. 127$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BITCOIN MAJOR TEXT!!!BINANCE:BTCUSDT
Like I said in my last post guys BITCOIN is coming to a major test!!!
Like I said on my last post Bitcoin has hit the MAJOR $49,000 USD level of resistance. As we saw before when it hit this level of resistance we had a ABC correction before a retest and an eventual collapse of the $46,800 USD of support.
This is a crucial time for Bitcoin. BTC is looking for a retest of the $49,000 USD resistance after a simple ABC correction if the $46,800 USD level of support is held.
In my opinion Bitcoin is strong right now, there is a lot of buying force coming in from not only major hedge funds and whales but also a wave of retail investors who are slowing starting to realize how overpriced the stock market is. There is this narrative being pushed around that "BTC IS THE NEW GOLD" this is extremely good for not only Bitcoin but also all other cryptocurrencies out there. Inflation rates are Right now around about 5.3% and this is bound to raise the United States Fed Fund rate. Whenever this rate is increased we do see the stock market slowing down or doing worse for example 2008. This will just bring more money into Crypto as crypto is this "government free" investment. Right now people are buying onto the narrative BITCOIN HAS OVERTAKEN GOLD, IT IS THE DIGITAL GOLD and this is what is driving the price up along with the October 1st hype.
However a correction is imminent. We can't just keep pumping forever. I think BTC will find a strong level of support at $46,800 USD and will continue to hold it and retest $49,000 USD and eventually break it until to tests the long term down trend at $50,000 USD. There is a big buying force behind Bitcoin right now but we are gonna be smart investors and not buy because of the hype.
I will be going long at around about $46,800 if I do see price rejection and big wicks forming around that level and will further increase my position if it does pass this $49,000 USD "test".
Make sure to keep an eye on the price and these posts in the next few hours you don't want to miss this analysis.
Thank you guys be sure to let me know your plans for Bitcoin.
Make sure to keep updated with my posts as I will be giving professional analysis on exactly why and what causes movements in the market and I will be giving them in real time!!
Invest smart guys and as always this is not FINACIAL ADVICE!!
Uptober is here! Is it time for ADA to break out?Here's a quick look at ADA 8 hr chart. As we can see, the price has been forming a bigger bull flag and we could se a very big move to the upside soon! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the bigger bull flag with good amount of volume .
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The idea is: Buy the breakout from the bull flag and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 2.37$
2. 2.57$
3. 2.96$
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If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!