Get started

Centered Oscillators

Doge Hits 4-Month High! Join the Excitement and Trade Now! The Doge community is buzzing with excitement as our favorite meme-inspired coin continues to defy expectations. This recent surge in value presents an incredible opportunity for traders like you to jump on board and make the most of this upward trend. 🚀 Now, you might be wondering, "Why should I trade Doge?" Well, let me tell you why! Doge has proven time and again that it's more than just a meme. With its growing popularity and widespread acceptance, Doge has become a force to be reckoned with in the crypto market. Its strong community, coupled with the recent surge, makes it an ideal choice for traders looking to capitalize on the momentum and potentially reap substantial profits. 💰 So, here's your call-to-action: Don't miss out on this incredible opportunity to trade Doge and ride the wave of success! Whether you're an experienced trader or just starting, now is the perfect time to get involved and make your mark in the crypto world. 🌍📈 To help you get started, I recommend checking out our user-friendly trading platform, which offers a seamless trading experience with real-time market data, advanced charting tools, and a wide range of trading options. Our platform is designed to make trading easy and accessible for everyone, so you can focus on making informed decisions and maximizing your profits. 📊💪 Remember, the key to successful trading lies in staying ahead of the game and seizing opportunities when they arise. With Doge hitting a 4-month high, the time is now! Join the Doge community and let's make the most of this exciting journey together. 🐶💫 Happy trading and may the Doge be with you! 🚀🌕
by bryandowningqln
BTC Shows Positive Awesome Oscillator and RSI Signals!I am thrilled to share with you some positive indicators that have recently emerged for Bitcoin (BTC), which may present a lucrative opportunity for potential gains. Firstly, let's talk about the Awesome Oscillator (AO). It is a technical analysis tool that measures market momentum, specifically the difference between the 34-period and 5-period simple moving averages. The Awesome Oscillator for BTC has been displaying a remarkable upward trend, indicating a strong bullish momentum in the market. This is a positive sign for those considering entering a long position on BTC. Moreover, the Relative Strength Index (RSI) is another powerful indicator that measures the speed and change of price movements. BTC's RSI has recently shown a significant surge, crossing the threshold into overbought territory. This suggests that the buying pressure has been consistently strong, potentially leading to further upward movement shortly. With these positive signals from both the Awesome Oscillator and RSI, it's hard not to feel optimistic about the potential for BTC's price to continue its upward trajectory. As traders, we need to seize such opportunities when they arise. Therefore, I encourage you to consider taking a long position on BTC currently. However, as always, it is crucial to conduct your own thorough analysis and risk assessment before making any trading decisions. Remember, the cryptocurrency market is highly volatile, and it's essential to stay informed and exercise caution. If you're interested in exploring this opportunity further, I recommend keeping a close eye on BTC's price movements and monitoring any additional positive indicators that may emerge. Timing is key, so be sure to stay vigilant and act accordingly. I hope this news brings a smile to your face and ignites a spark of excitement within you. Let's make the most of this potential opportunity and continue to navigate the cryptocurrency market with enthusiasm and positivity! Wishing you happy trading and successful ventures ahead!
BITSTAMP:BTCUSDLong
by bryandowningqln
Impact of Dropping ETH/BTC Ratio and the Need to Trade BTC MoreI would like to draw your attention to an important development in the cryptocurrency market that requires our cautious consideration. The ETH/BTC ratio has experienced a significant drop recently, prompting us to reevaluate our trading strategies and focus on maximizing potential gains. As you may be aware, the ETH/BTC ratio refers to the value of Ethereum (ETH) about Bitcoin (BTC). This ratio serves as a valuable indicator of market sentiment and can greatly influence trading decisions. The recent decline in this ratio suggests a shift in market dynamics, with Bitcoin gaining dominance over Ethereum. While it's essential to remain cautious during such times, it's equally important to adapt and take advantage of emerging opportunities. Therefore, I encourage you to consider trading BTC more actively, leveraging the rising BTC dominance. By focusing on Bitcoin, we can potentially maximize our profits and navigate through this transitional period with greater confidence. Here are a few steps you can take to optimize your trading strategy: 1. Stay Informed: Keep a close eye on market trends, news, and analysis to make informed decisions. 2. Diversify Your Portfolio: While focusing on BTC, it's also wise to maintain a diversified portfolio to manage risk effectively. Explore other cryptocurrencies that show growth potential and align with your investment goals. 3. Utilize Stop-Loss Orders: Implementing stop-loss orders can help protect your investments by automatically triggering a sale when the price reaches a predetermined level. This feature minimizes potential losses during volatile market conditions. 4. Leverage Trading Tools: TradingView offers a variety of technical analysis tools, such as charts, indicators, and signals, to help you identify trends and execute profitable trades. Remember, trading in times of market transition requires caution and adaptability. By closely monitoring the shifting ETH/BTC ratio and focusing on BTC dominance, we can position ourselves for potential gains.
by bryandowningqln
1
Potential Bearish Flag in PayPalPayPal has skidded lower for more than two years. Now, after a rebound, bears may return to the payments stock. The first pattern on today’s chart is the series of higher lows since late October. PYPL closed below that line yesterday -- a potential bear-flag breakdown. Second, the recent peak occurred at the 50-day simple moving average. That may suggest the intermediate-term direction continues to the downside. Third, stochastics are dipping from an overbought condition. Finally, a series of lower weekly highs since September may confirm it remains in a longer-term downtrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:PYPL
by TradeStation
XRP - Top Gainer, HEAVILY OverboughtHi Traders, Investors and Speculators of Charts📈📉 As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here: XRP is notorious for making untimely, parabolic increases and falling just as hard shortly after. XRP can trade with an extremely overbought RSI for days and usually defies natural technical indicator logic (such as a pullback after hitting 100 on RSI), therefore trade with extreme caution. I'm labelling this idea as 'long" although I wish there were other options to choose from. Perhaps bullish or bearish, short - near or long term etc. Understand that I do not mean to indicate LONG XRP. I am quite against trading leverage on risky coins, but considering those are my options - I do see the price going up, that is just what happens in bull markets so ...long. The path to $1 is clear, but first I expect another rotation back into BTC. I have my targets set to make sure I catch those untimely wicks. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:XRPUSDT
Long
by CryptoCheck-
19
BTC Drops due to High Stochastic Reading above 80 Bitcoin (BTC) price dropped due to a significant increase in the stochastic oscillator reading, surpassing the critical level of 80. It is crucial to approach this information in a neutral manner and make informed decisions based on objective analysis. The stochastic oscillator is a technical indicator widely used in financial markets, including the cryptocurrency realm. It measures the momentum of an asset's price and determines whether it is overbought or oversold. A reading above 80 generally indicates that an asset is overbought, suggesting a potential upcoming correction or reversal in price. Considering the present situation, it is advisable for traders to exercise caution and closely monitor the market movements. In such cases, it can be beneficial to pause BTC trading temporarily, as historical data suggests that prolonged periods of high stochastic readings are often followed by corrective or consolidating phases. Taking a step back during these times allows for a clearer perspective when the market eventually starts its next upswing. Making informed decisions is a pivotal aspect of successful trading, and having an objective understanding of indicators like the stochastic oscillator is part of navigating the cryptocurrency market effectively. I encourage you to stay informed about market trends, seek guidance from reliable sources, and utilize robust trading strategies to maximize your trading potential. Remember, the world of cryptocurrency is dynamic, and market conditions may change rapidly. Analyzing different factors alongside the stochastic oscillator can lead to a more comprehensive understanding of BTC price trends. Thank you for your attention to this matter. Feel free to reach out for further clarification or to discuss any concerns you may have by commenting below. Wishing you all profitable trading endeavors and a successful journey in the cryptocurrency market.
BITSTAMP:BTCUSD
by bryandowningqln
LINK Price Alert and Call-to-Action for Patient TradersI wanted to bring to your attention an important development in the LINK market that requires your immediate attention. As an avid trader, I believe it is crucial to stay informed about potential opportunities and risks that may impact our investment decisions. Over the past few days, I have been closely monitoring the Aroon indicator on the 2-hour timeframe for LINK. It has come to my attention that the Aroon is showing a significant drop, indicating a potential upcoming downturn in the price of LINK. While this may be concerning to some, I believe it presents an opportunity for patient traders like us. Based on my analysis, I predict that LINK has the potential to hit $18 in the near future. However, it is important to exercise caution and approach this opportunity with patience. Market fluctuations can be unpredictable, and we must be prepared for potential volatility in the short term. Considering the current market conditions and the potential for LINK to reach $18, I encourage you to consider a long position on LINK. However, it is crucial to approach this trade with a patient mindset, as it may take some time for the price to reach our target. In light of this information, I invite you to carefully evaluate your trading strategy and consider adjusting your portfolio accordingly. By taking a long position on LINK, you can potentially benefit from the expected price increase. However, please remember to exercise proper risk management and set stop-loss orders to protect your investment. Remember, successful trading requires discipline and patience. While we anticipate LINK to hit $18, it is important to be prepared for potential market fluctuations and to adjust your trading strategy accordingly. By staying informed and making well-informed decisions, we can increase our chances of success in this volatile market. I encourage you to conduct your own analysis and research before making any trading decisions. If you have any questions or require further assistance, please do not hesitate to reach out to me. Let's stay connected and support each other on this trading journey. Wishing you profitable trades and success in your investment endeavors.
COINBASE:LINKUSDLong
by bryandowningqln
Chainlink Educational Post - Finding Support And ResistanceMany of you have been asking me how I timed my NASDAQ:LINK trade so well. Purchasing at $7.63 on October 20th and now seeing it up to $16.20, I will say it was slightly lucky, but it was not random. In this video I go over a few of my basic strategies for getting major price points out of an asset in less than 15 minutes. Follow for more trading content. Exclusive videos will be released weekly. Sorry about the AUDIO quality - Dont have a mic with me right now. - Joshua Helios Capital Investment
COINBASE:LINKUSDEducation
by Helios_Capital_Investment
2
Celebrating Chainlink's New Yearly High! Join the Long Party Chainlink (LINK) has just hit a new yearly high, and the celebrations are in full swing! 🎉🚀 Chainlink has been on an incredible journey this year, defying all expectations and surpassing milestone after milestone. Its upward trajectory has been nothing short of remarkable, and we couldn't be more thrilled to witness this groundbreaking achievement together. Now, you might be wondering, what does this mean for us as traders? Well, it's an opportunity we simply cannot afford to miss! With Chainlink's continuous upward momentum, it's the perfect time to consider going long on LINK and ride the wave of success. Why long Chainlink, you ask? Allow me to present you with a few compelling reasons: 1. Unmatched Performance: Chainlink has consistently outperformed the market, demonstrating its resilience and ability to generate substantial returns for investors. 2. Strong Market Position: As one of the leading decentralized oracle networks, Chainlink has established itself as a crucial player in the blockchain ecosystem. Its partnerships with major industry players only reinforce its position as a reliable and innovative project. 3. Growing Adoption: Chainlink's technology is gaining widespread adoption across various industries, including finance, gaming, supply chain, and more. This growing demand for decentralized oracles further solidifies Chainlink's long-term potential. 4. Community Support: The Chainlink community is passionate, engaged, and constantly pushing the boundaries of what's possible. Being part of this vibrant community not only provides valuable insights but also fosters a sense of camaraderie and shared success. So, my dear traders, it's time to seize this opportunity and take advantage of Chainlink's new yearly high. Don't let this train pass you by! Let's make the most of this bullish momentum and embark on a profitable long position with LINK. If you're ready to join the party and go long on Chainlink, I encourage you to take action today. Conduct thorough research, analyze the market trends, and ensure you make an informed decision that aligns with your trading strategy. Remember, our success lies in our ability to adapt and capitalize on emerging opportunities. Wishing you joyful trading and abundant profits as we celebrate Chainlink's remarkable achievement! Should you have any questions or need support along the way, please don't hesitate to reach out by commenting below.
Long
by bryandowningqln
Ride the Bullish Wave! Long BTC and Reap the Rewards 🚀BTC (Bitcoin) has been performing remarkably well lately, staying consistently above the exponential moving average periods within the normal range of the commodity channel index. This is a strong indicator of a bullish trend and an excellent opportunity for you to capitalize on! It's time to unleash your trading prowess and take advantage of this upward momentum. Here's why you should consider going long on BTC: 1. Strong Technical Indicators: The fact that BTC is consistently staying above the exponential moving average periods is a clear sign that the cryptocurrency is gaining positive traction. This indicates a healthy market sentiment and suggests that a sustained upward trend is likely to continue. 2. Bullish Market Outlook: The normal range of the commodity channel index further confirms the bullish sentiment surrounding BTC. This range indicates a favorable environment for traders to benefit from potential price increases. 3. Potential for Lucrative Returns: By going long on BTC, you position yourself to potentially profit from the cryptocurrency's upward trajectory. As BTC continues to gain popularity and acceptance worldwide, the potential for significant returns on your investment is immense. Now that you're aware of the promising market conditions, it's time to seize the opportunity and take action. Here's what you can do to ride the bullish wave: 1. Conduct Thorough Research: Before making any trading decisions, ensure you conduct comprehensive research on BTC, its recent performance, and the factors driving its upward trend. This will help you make informed decisions and maximize your chances of success. 2. Establish a Solid Trading Strategy: Develop a well-defined trading strategy that aligns with your risk appetite and financial goals. Consider factors such as entry and exit points, stop-loss levels, and potential profit targets. Having a clear plan in place will help you navigate the market with confidence. 3. Monitor Market Conditions: Stay updated with the latest news and market trends related to BTC. Regularly analyze technical indicators and market sentiment to make informed adjustments to your trading strategy as needed. 4. Stay Disciplined: Emotions can sometimes cloud our judgment, leading to impulsive trading decisions. Remember to stay disciplined and stick to your trading plan. Avoid making hasty decisions based on short-term market fluctuations, and instead focus on the bigger picture. By adopting a positive mindset and taking advantage of the current market conditions, you're well on your way to potentially reaping significant profits from BTC. So, gear up, embrace the bullish wave, and let your trading journey be filled with joy and success! If you have any further questions or need assistance along the way, feel free to comment below. I'm here to support you in your trading endeavors.
BITSTAMP:BTCUSDLong
by bryandowningqln
Bearish Reversal Alert on EUR/USDTechnical Outlook: LSMA Indicators: The 45 period LSMA in red and the 53 period LSMA in blue are both trending downwards towards the pivotal 50 level, reflecting a bearish sentiment taking hold. TSI Behavior: The True Strength Indicator has just crossed and is angling downwards, with the lines beginning to diverge, enhancing the bearish signal's credibility. MACD Crossover: The MACD line crossing at 46, following last Friday's rally, now exhibits a downward trajectory, aligning with the growing bearish momentum. Price Action Context: There is notable price congestion around the 1.07490 area, suggesting a distribution phase that could precede a downward move if support fails. Trade Rationale: The synergy of these indicators, paired with a comprehensive analysis of price action, suggests a potent opportunity for a short position. The alignment of LSMA lines descending, TSI's bearish crossover, and the MACD's downward turn post-rally indicates a shift in market dynamics. The distribution around 1.07490 serves as a potential inflection point for price, where a sustained move below could confirm the bearish outlook and offer a strategic entry point for traders. Action Plan: Consider a sell position on EUR/USD, while closely monitoring the 1.07490 level for confirmation of the bearish momentum. As with any trade, ensure proper risk management strategies are in place to protect against unexpected market movements.
Short
by GibsonTrades
BTC Market Update: Raging On, but a Pullback May Be SoonWhile Bitcoin continues to showcase its unstoppable bullish momentum, it's important to keep an eye on the weekly Relative Strength Index (RSI) indicator. As you may know, RSI is a widely-used technical analysis tool that helps identify overbought and oversold conditions in an asset. Currently, the weekly RSI for BTC has reached 70, a level that historically indicates overbought territory. This suggests that while the market sentiment remains overwhelmingly positive, a potential pullback could be on the horizon. However, don't let this news dampen your enthusiasm! Bitcoin has proven time and again its ability to surprise us with its resilience and ability to defy expectations. This is why I encourage you to consider a long position on BTC, taking advantage of the current market trend. Nevertheless, it's crucial to exercise caution and be prepared for a potential pullback in the near future. As experienced traders, you understand the importance of timing and risk management. By being aware of the RSI hitting 70, you can plan your trades accordingly and potentially capitalize on any price corrections that may occur. In conclusion, the Bitcoin market continues to offer tremendous opportunities for profit. By going long on BTC while keeping an eye on the weekly RSI hitting 70, you can position yourself strategically and maximize your gains. Remember, successful trading is all about staying informed and adapting to market conditions! Wishing you profitable trades and a conservatively happy trading journey!
BITSTAMP:BTCUSDLong
by bryandowningqln
Downside in Dollar General?Discount retailers like Dollar General have struggled all year. Now, after a drop and rebound, sellers may return to the name. The first pattern on today’s chart is the series of lower highs since May, which have produced a falling trendline. DG is now back at this line. Will the downtrend reassert itself? Prices are also near the 50-day simple moving average. Third, stochastics are dipping from an overbought condition. Finally, consider the high-volume sessions on June 1, August 31 and October 13. The first two were bearish gaps after results and guidance missed estimates. The second was a countertrend bounce after Todd Vasos returned as CEO. While he may engineer a turnaround over the longer-term, the weak fundamentals and bearish momentum could remain dominant into yearend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:DG
by TradeStation
XRP : Forever the Pump-and-Dump coin?Hi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and XRPUSDT is currently trading right on top of the 0,50c support zone. Unfortunately no buyers are showing up on lower timeframes and the technical indicator flashes a clear SELL in the weekly, meaning more downside is to be expected. More downside seems highly likely with 45c being the next immediate support zone. It seems that the SEC victory-increase was short lived and that definitely does raise some concern for the fundamental arguments of XRP. Unlike ETH and BTC, XRP has been unable to regain highs and consistently trades lower as if there is an endless supply of sellers. While there is persistent and obvious growth on other early giants like Bitcoin and Ethereum, XRP remains the "pump and dump" coin. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD
Short
by CryptoCheck-
38
XAUUSD - Long with 3 screen 31/10/2023- Screen 1 (1 Day Time Frame): MACD Histogram ... A bullish trend is indicated when the MACD histogram increases 3 times in a row and the most recent MACD histogram is greater than 0. - Screen 2 (4h Time Frame): Stochastic ... Overbought: A buy signal is generated when the first screen is in an uptrend and the K-line crosses up the D-line below 20. - Screen 3 (60 Minute Time Frame): 12 & 26 Moving Averages - A bullish trend is indicated when the bullish Engulfing candels. - Stop Loss: ... A stop-loss order for a bullish trend is placed at the lowest price of the green day candle. ... The stop-loss order is trailed up as long as the bullish trend is in place.
FX:XAUUSDLong
by dinhchien
Polkadot - $3 Looms as Sellers DominateHi Traders, Investors and Speculators of Charts📈📉 Polkadot is currently trading 93% under it's ATH. Although this is bad news for most bag holders, the good news is that the bottom is either in - or very close. There's no doubt that a bullish cycle is overdue, but not just yet. Technical indicators on lower timeframes show bears are still dominating, and there's a chance the price could fall lower once more before the accumulation phase finishes. Incase you missed yesterday's update on Bitcoin, find it here 📈 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:DOTUSDT BINANCE:DOTUSD
Short
by CryptoCheck-
10
Palo Alto Holds Higher SupportPalo Alto Networks has been chopping near record highs since the spring. Could it have a strong yearend? The first pattern on today’s chart is the bullish gap on August 21 after quarterly earnings beat estimates. The cybersecurity stock subsequently pulled back to a closing low of $227.45 before bouncing. It retreated again in recent weeks but managed to hold the same price area. That kind of price action, with the shares finding support at higher levels, may reflect an uptrend. Second, the recent bounce occurred at the steadily rising 100-day simple moving average. Third, stochastics are rebounding from an oversold condition. Finally, look back further to the left. Notice other bullish gaps on May 24 (also on strong results) and June 5 (after it was added to the S&P 500 index). Those may additionally suggest that PANW is in a longer-term uptrend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:PANW
by TradeStation
1
Bitcoin Price and DominanceHello traders. Sharing a Bitcoin analysis along with its dominance in the right panel. 🗓 Today (on 04/18) the price retraced to the exponential average of 21, in the 61.8% Fibonacci retracement. 💹 Continuing this bullish move, the next target by the Fibonacci projection would be at $ 31,387.00 Should there be a further correction, a possible entry point would be below the last low at $ up to $ 28,917.00, only after a confirmation of a bear trap. 🔎 Looking at the Bitcoin dominance chart on the right, we can see that the index is in an important region, testing the 200-period exponential moving average. That said, we can outline the following scenarios: 🚀 🔴 If the crypto market continues to rise, but BTC dominance drops and does not break through this resistance, it means that Bitcoin will be performing worse against altcoins; 🚀 🔵 If the crypto market continues to rise, and BTC dominance rises, breaking this average, it means that Bitcoin price will perform better than altcoins; 🐻 🔵 If the crypto market undergoes a correction, and BTC dominance rises, it means that altcoins will be falling more than Bitcoin; 🐻 🔴 If the crypto market undergoes a correction, and the dominance of BTC falls, it means that Bitcoin will be falling more than altcoins. I hope this helps.
Long
by andre_007
4
MUX: a decentralized derivatives market aggregator📜 Overview The MUX Protocol Suite is a set of two components: 1. a decentralized leveraged trading protocol, offering zero price impact trading, up to 100x leverage, self-custody, aggregated liquidity; 2. a sub-protocol that automatically selects the most suitable liquidity route and minimizes the composite cost for traders while meeting the needs of opening positions. Currently MUX is deployed on Arbitrum , BNB Chain , Optimism , Avalanche and Fantom . In short, just as 1INch is to Uniswap , PancakeSwap , Curve , and other DEX, MUX is to GMX and GNS . 📈 Graphic analysis The price is in an impulsive wave 3. A possible entry would be after an ABC correction at $9.25. If the price breaks the last historic high and rises wildly, expect a throwback. The target on the 1.618 Fibonacci projection sits at $37.36, having a 167% upside potential. Comparing this asset with others of the same class of derivatives, perpetual or futures (putting BTC together just to have a reference), we can see that this year the MUX token performed the best. ⚠️ It is worth mentioning that it is a highly risky and speculative operation, with an asset that is under the radar. It still does not have trading on large exchanges, such as Binance and Coinbase for example. Do your own research and take your risks.
Long
by andre_007