Coin
BULLISH Setup in COIN Coinbase daily chart shows a Wolfe wave setup before earnings. Due to the uncertainty around earnings and sentiment in BTC, which is currently trading under $42000, I am expecting price to attempt a rally post earnings. If BTC reclaims the 6 day ma then I may consider opening an early position in COIN in anticipation of a crypto rally. BTC rally would be one indication that coin may begin a rally. If I were to open long call contracts, I would consider 3 months dte strikes around $225. Based on today's price action, I am more inclined to sit tight and wait for post earnings results rather than anticipate a run up into earnings. Hope this helps.
Why is no one talking about this massive bear flag for bitcoin?During the end of 2021, btc collapsed from the high of 69k, and unlike last time in may the recovery has printed a bearish flag pattern. This suggests to me, that the price may eventually collapse from the parallel channel and touch the support of 28k, where we will have either a significant bounce followed by continuation of downtrend or a true bullish reversal.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used additional indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
The Kumo is about to turn red today, having shrunk totally since last week. The Senkou Span B has increased and the Senkou Span A has decreased. The Kumo of the present day - however very thin - is acting as a price structure. The price is however now inside the Kumo a sign of uncertainty. Kijun is sideways.
Almost all lines both individually and in concert indicate a downtrend and price is not above Tenkan Weekly. Kijun and Tenkan, both on the daily and weekly timeframe indicate a downtrend.
The Kijun Trend indicator, which had anticipated last week's search for short positions, continues to be red.
Heikin-Ashi:
As last week, the Heikin-Ashi are always above the Kumo but have been red for a week now and are using the Kumo as support.
Supports and resistances:
- 75000.00 from Fibonacci
- 67000.00 from historical high
- 66001.41 from historical high of Chikou
- 51800.00-52600.00 from Ichimoku Flat/cusp areas of the Chikou
- 49000.00-51000.00 Fibonacci, Psychological Threshold and Kijun Weekly
- 44400.00-45600.00 by areas Ichimoku Flat/Chikou Cusps
- 40200.00-40800.00 from Ichimoku Flat/Chikou Cusp areas
- 30300.00 from Ichimoku Flat/Cuspid Chikou areas
- 37000.00 from Ichimoku Flat/Cuspid areas of Chikou
- 35000.00 from Ichimoku Flat/Cuspid areas of Chikou
- 33500.00 by Ichimoku Flat/Cuspid areas of Chikou
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels still show us a long-term positive sentiment and puts the 0 on the upside at 75000.00. The price is back below the 0.618 level.
Conclusion:
The BTC has indeed broken its ascent and after the Kijun Trend Indicator also the Kumo is performing the twist. Same situation on the weekly time frame. It is very important to monitor the price especially when it is inside the Kumo, which means unpredictability to observe if the Kumo itself will continue to act as support or if it will turn into resistance.
Also, referring to the well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods, the averages themselves performed a downward cut this week.
It is important to evaluate the closing of the week - especially for the Kumo Twist - and during the week on the following price structures, with emphasis on the sideways momentum:
- Bullish: 41200.00
- Bearish: 39400.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased
- BTC dominance: Decreased
- Price of BTC: Decreased
- Expectation of Alt cycle: Stable.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
The analysis of the behavior of major player Part 2Hey everyone.
Today i want to proceed my sharing of my knowlege about the behavior of large players in the market,
how to notice them and how to use it.
In the last tutorial we had a discussion about points where the major players places them SL and that this points it is = the biggest sales or buys in the market according the directions.
So today i want to show you this point on the chart in the major coin exactly.
Point of stop losses of major players is circled on the chart.
On this example we can see the major SL actuation like a BIG buy in the market!
Have an awesome deals 🤝🔥
A Bold Forecast!With current momentum, based on my analysis Coinbase could drop below 100 by the next earnings!
It is a 50% drop from current prices! and it could happen in less than a month, If you are interested in shorting opportunities evaluate this!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Bitcoin - Very bearishIn our previous posts, we warned about the decrease in volume which accompanied the rally. Since then, BTCUSD saw a reversal, and the price faltered by 7%. Technical and fundamental factors continue to point to the downside for Bitcoin. Therefore, we would like to update our short-term price target for BTCUSD to 42 500 USD. Additionally, we would like to set a medium-term price target to 40 000 USD.
Technical analysis - daily time frame
RSI is very bearish. The same applies to MACD and Stochastic. DM+ and DM- performed bearish crossover just recently, suggesting the beginning of the bearish trend. ADX contains a relatively low value which means the trend is still in its early stage. Overall, the daily time frame is bearish and forecasts more downside for BTCUSD.
Illustration 1.01
RSI shows a steep decline on the daily time frame. We will watch whether it will manage to continue lower and potentially break below 30 points. If there is such an occurrence, we expect it to be accompanied by a catastrophic selloff in BTC.
Technical analysis - weekly time frame
RSI continues to develop the long-term bearish structure. MACD failed to cross above 0 points into a bullish area. DM+ and DM- are bearish. ADX suggests the presence of a neutral (or weak trend). Overall, the weekly time frame bolsters the bearish case for BTCUSD.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
📌Cryptocurency World , coin &Token Types: The Ultimate Guide❗❗It’s important not to confuse the terms “cryptocurrencies” , "Coins " and “tokens,” Different type of them ,as there are fundamental differences that distinguish them.
Summary :
To put simply ,The two most common blockchain-based digital assets are cryptocurrencies and tokens. The biggest differentiation between the two is that cryptocurrencies have their own blockchains, whereas crypto tokens are built on an existing blockchain.
What Is a Digital Asset?
Broadly speaking, a digital asset is a non-tangible asset that is created, traded, and stored in a digital format. In the context of blockchain, digital assets include cryptocurrency and crypto tokens.
What is a cryptocurrency coin?
Cryptocurrency coin, like Bitcoin, is essentially a digital form of money that is backed up by a native blockchain The functions of a coin are strictly monetary — you can use it as a mean of payment, store of value, or as a speculative asset to trade, and essentially that’s it. The features of a coin are also similar to fiat money — it is fungible, divisible, and the supply is limited.
By definition, a cryptocurrency coin serves only as a digital form of money. The most distinctive feature of a coin is that it is native to the blockchain it’s made on and operates independently from any other platform.
Okay, then what is “altcoin”? This is essentially any cryptocurrency coin that has its own blockchain but is not Bitcoin. Some altcoins are just forks to Bitcoin, meaning that they base on Bitcoin’s open-source protocol but still have their own blockchains, like Litecoin. Others, like Monero or Ethereum, are completely independent blockchains.
What is a token?
The token is a non-native blockchain asset and its value goes beyond only monetary functions. Tokens also require another platform to exist and operate.
For example, ETH is a cryptocurrency that is native to the Ethereum blockchain, which makes it a coin. However, one of the primary features of the Ethereum network is the ability to create new tokens within the network. The cryptocurrencies that are created on this network will be called tokens. For example, USDT — the most popular stablecoin pegged to the value of $USD is a token, which operates on the Ethereum blockchain.
A cryptographic token is a digital unit of value that lives on the blockchain. There are four main types:
1-Payment tokens
2-Utility tokens
3-Security tokens
4-Non-fungible tokens
Fungibility :
All crypto tokens break down into two broad categories — non-fungible and fungible, with the latter being the most common type. Fungibility is a feature of a token which essentially means that one token is indistinguishable from another.
In simple words, a dollar is always a dollar, and Bitcoin is always Bitcoin. You can exchange the $10 bills with your friend and each of you will still have the same value in the wallet.
but Non-fungible tokens, or NFTs, are a type of cryptographic token — a digital representation of value that lives on the blockchain.
NFTs can represent the value of physical assets. A painting, for instance. But they can also represent the value of digital assets, such as a short story that is only available online.
NFTs have three characteristics that set them apart from other types of token: 1. THEY’RE UNIQUE -2. THEY’RE VERIFIABLE- 3. THEY’RE TRADEABLE
-Utility Tokens:
Utility tokens are a popular type of fungible tokens that you can think of as the chips at the casino. In the same way that you need to buy chips to play blackjack or poker, you need utility tokens to power the operations on the protocol.
The most famous utility token example is Ether which powers all the transactions and smart contracts on the Ethereum network. As we just said before, ETH can be used as a means of payment, however, its primary purpose is to be utilized in the blockchain.
Social Tokens (fan tokens):Social tokens can be a very interesting type of crypto utility asset that recently gained a lot of popularity among the crypto space and also presented the concept of tokenization to the broader public. In simple words, social tokens are backed by the reputation of an individual, brand, sports club, or just any community
-Security Tokens vs Equity Tokens
In simple, security tokens are common stock on the blockchain. These tokens are similar to the company shares held by the investors and companies usually issue voting rights through a blockchain platform. The tokens are liquidated to create an Equity Tokens. In other words, these tokens contribute an investment contract, where the Investors typically purchase in anticipation of future profits in the form of dividends, equal sharing of revenue generated and the normal appreciation process.
Security tokens bridge the gap between the traditional financial sector and the blockchain framework; it’s one of the reasons banks have initiated the integrated Blockchain frameworks in their system. Issuing security tokens allows investors to raise funds through a thoroughly regulated digital share of its equity, asset or part of the revenue.
The key difference between Security Token and Equity Token is that in the security token, an asset like real estate, gold etc. are used as collateral. However, in the case of Equity tokens, the shares of the company are diluted into tokens.
We can place coins and tokens in different categories as you can see in the chart above, and some of them are common to other categories.
As digital currencies are emerging, various other categories may be added in the future.
-Governance token
Governance token is the type of crypto asset that grants its holders decision-making rights over the project’s protocol, its product, and its features .it represent voting power on a blockchain project. They represent the main utility token of DeFi protocols since they distribute powers and rights to users via tokens. Governance discussions on Yearn Finance. With these tokens, one can create and vote on governance proposals.
- Also Metaverse tokens are a unit of virtual currency used to make digital transactions within the metaverse. Since metaverses are built on the blockchain, transactions on underlying networks are near-instant. Blockchains are designed to ensure trust and security, making the metaverse the perfect environment for an economy free of corruption and financial fraud.
-DeFi tokens represent a diverse set of cryptocurrencies native to automated, decentralized platforms that operate using smart contracts. These provide users' access to a suite of financial applications and services built on the different blockchains.
Coinbase Going Bullish | 25%, 59% Possible Within WeeksI wouldn't recommend this exchange to anybody unless you have no other choice... If that's the case, then Coinbase it is.
COIN has the potential to go up now that EMA50 has been conquered (candle close above this level).
We also have a rising window/gap 15-16 March, the action tends to go towards the window, in this case upwards.
The MACD has gone above zero (bullish) and the histogram is now green.
The RSI has gone bullish/strong at 59.64.
You can find multiple targets (resistance levels) as well as support in the above chart.
The first target can be hit easy, 26%, the rest we will have to wait and see...
Thank you for reading.
Remember to enjoy your life.
Namaste.
BNB (Binance Coin) Coin Analysis 26/03/2022Fundamental Analysis:
Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.
Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.
Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organizations are attracting significant interest as well.
One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem.
Since launching the BNB, the exchange has also benefited from increased investor interest in the token. BNB went through a significant price increase at the beginning of 2021, which has put it on the map of enterprise investors.
Measures like BEP-95 have upgraded the already deflationary tokenomics to make BNB even more deflationary. Following the proposal, gas fees on Binance Smart Chain have become even lower, as the network burns a part of the fees to decentralize further. The proposal was modeled after Ethereum's famous EIP-1559.
Initially, the BNB started as a traditional ERC-20 token on the Ethereum blockchain. Later on, the company introduced its own blockchain, and the coins started being issued from the Binance blockchain, secured by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism.
While ERC-20 tokens rely on the proof-of-stake (PoS) consensus, which allows them to be extremely scalable, and allows for the creation of smart contracts. Unlike PoS, the Binance blockchain does not support smart contract functionalities. In contrast, the Bitcoin blockchain is secured by the proof-of-work (PoW) consensus, which is far more limited and consumes large amounts of electrical and computing power.
This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance. Despite these hacks, users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem.
There is an initial maximum supply of 200,000,000 BNB coins, of which 165,116,760.89 are currently in circulation as of March 2022.
Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB. On July 18, 2021, it conducted its 16th quarterly burning, which was worth $390 million in BNB price at the time of burning. However, that was not the most expensive burn — on April 16, 2021, the exchange burned nearly $600 million worth, in BNB price at the time of burning.
According to the Binance whitepaper, exactly half of the maximum supply of BNB tokens was allocated towards the initial coin offering (ICO) and public sale of the token. The ICO was held in July 2017 shortly after the exchange launched, and saw Binance raise $15 million in funding, with BNB price at $0.10 during the ICO. Taking BNB price today, that represents an almost 4200X return on investment (ROI). Another 40% of the total supply, or around 80,000,000 BNB coins, was distributed among the founding members and team. Finally, the remaining 10% of the maximum supply was split among angel investors.
Changpeng Zhao is the founder and CEO of Binance. In 2001, Zhao joined Bloomberg as head of tradebook futures development. He spent four years with the company and later joined Fusion Systems as a partner.
Since 2013, Changpeng Zhao has been actively involved with blockchain technology and cryptocurrencies. He became head of development at Blockchain, and in 2015 he founded BijieTech. In 2017, Zhao officially launched Binance, and he has been the CEO of the company ever since.
He Yi is a co-founder and chief marketing officer at Binance. She started her career as a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was the largest fiat-to-crypto exchange in China at the time. In 2017, she joined forces with Changpeng Zhao, and together they created the largest crypto exchange globally — Binance.
The current CoinMarketCap ranking is #4, with a live market cap of $68,067,543,893 USD. It has a circulating supply of 165,116,761 BNB coins and a max. supply of 165,116,760 BNB coins.
Technical Analysis:
As you can see the Price is getting Squeeze above the Major Trend Line and between the 38.2% of Fibonacci Retracement Level which acts as a Resistance zone.
the out come is Most Probably is the Breakage of the Resistance area and Strat of a Bullish Impulse Trend, as the Major Trend line may act as an Stronger Support.
There exist a Hidden Bullish Divergence of Price and MACD which is the sign of bullish Trend Continuation.
We have Defined 2 Targets Based on the Fibonacci Trend Base Extension of the 0 to Initial Impulsive Wave and its Retraced Level. the defined targets are the 1 TP <750$> (161.8% Fib) which is the extension level and if it gets Triggered then the 2 TP <1100$> (261.8% Fib) , is Confirmed.
We have analyzed the BNB Total Market Capitalization Chart, where it is clearly showing a heavy Reaccumulating Areas and its Possible Growth Levels:
looking at this Analysis we can observe that the worthiness of this asset and its potential Growth extends...
This Analysis is Based on our Past Analysis of the First Cycle:
BTS (BitShares) Coin Analysis 26/03/2022Fundamental Analysis:
BitShares is a decentralized platform designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries.
It was originally launched in July 2014 under the name ProtoShares (PTS) but was rebranded to BitShares (BTS) less than a year later.
The platform is powered by the BitShares (BTS) token, a native utility token that can be used for several purposes, including the creation of smartcoins known as “BitAssets,” which can have a variety of parameters and can represent practically anything — such as reward points, collateralized fiat-pegged tokens and IOUs.
The BitShares platform is managed by a decentralized autonomous company (DAC), which allows BTS token holders to decide the future of the platform, and decide which features to add next.
It runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second (TPS) — making it faster than both MasterCard and VISA combined.
As of January 2021, BitShares is in the process of a relaunch, and will be going through several major changes throughout going forward.
One of BitShares’ major distinguishing features is its integrated decentralized cryptocurrency exchange platform (DEX), which allows users to trade regular cryptocurrencies, as well as more traditional financial instruments (via BitAssets) without middlemen.
Because of its native DEX and support for synthetic assets (BitAssets), BitShares is often touted as the world’s first DeFi capable blockchain.
As we previously touched on, BitShares uses distributed autonomous companies (DACs) to produce a self-governing, self-financing system that allows BTS holders to set the business rules that govern the BitShares ecosystem through a secure proposal and voting procedure.
BitShares is also one of the few blockchain platforms to completely do away with addresses. Instead, it uses simple memos to distinguish users, making it one of the more accessible crypto platforms. It is also built around a popular referral program that is used to incentivize the growth of the network by distributing upgrade fees between referrers and the BitShares network.
It was the first blockchain to use self-governed delegated proof-of-stake (DPoS) technology and has an ~3-second processing time for transactions, making it one of the fastest blockchains currently operating.
In September 2020, the BitShares platform underwent a hard fork, leading to the creation of New BitShares (NBS) — a derivative project that is not affiliated with the original BitShares. As a result of the fork, BTS holders were airdropped NBS tokens at a 1:1 ratio.
As of January 2021, there were just under 3 billion BTS in circulation. This is equivalent to 83% of the maximum BTS supply — making it highly diluted.
BitShares was initially funded by community investments totaling 5,904 BTC, as well as 415,000 Proton Shares (PTN) in 2014. At the time, this was worth around $3.6 million.
The full BTS tokenomics are not publicly available.
BitShares uses a custom delegated proof-of-stake (DPoS) consensus mechanism to secure its network. This uses a combination of witnesses and decentralized voting processes to produce a more democratic consensus system that avoids the possible negative effects of centralization.
This system reduces the need for multiple transaction confirmations, ensuring BitShares transactions can be finalized extremely quickly. Instead, delegates (known as witnesses) are responsible for producing and broadcasting blocks, with numerous safeguards in place to ensure these witnesses act in the best interests of the network.
The current CoinMarketCap ranking is #454, with a live market cap of $73,058,255 USD. It has a circulating supply of 2,994,600,000 BTS coins and a max. supply of 3,600,570,502 BTS coins.
Sentimental Analysis:
There seems to be a huge fall of BTC.D or Bitcoin Dominance coming and the Total Market cap Rise, which can be interpreted as an Altcoin Season initiation, and its confluences with the current Price to Value Ratio of some Crypto Assets, makes a good Sentimental Indication, that the Altcoins are going to pump and gain some Price Appreciations in the upcoming months.
Technical Analysis:
As this Asset has Fallen to the 90% zone of its All Time High, it seems to be undervalued and worth of investment at this level so we have used Fibonacci Tools to define 3 Up coming targets where the new Cycle will Go through in its formation so we can squire off our Positions and liquidate the holding asset to maximize profits.
There exist a Bullish Divergence of Price Action with MACD, which is a very significant sign of Bearish trend reversal and Beginning of the new cycle with the impulsive bullish trends.
there are total of 3 Targets defined with the Fibonacci Trend base Extension tools where as the 3TP gets its confirmation as the Price Touch or Crosses the 2 TP followed by some Price correction.
SUSHIUSD 1D (parallel channel ) the price of the SUSHI coin is a sensitive price, the important point should be break the channel to up, to be get a free direction to up
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by breaking the channel to up,
Above 6.10 the direction will be strong upward
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Generally
above 3.10 is upward
tp.: 4.04 & 5.00 & 6.05
sl.: under 2.60
risk 3%