CRO CAN MAKE NEW CUP Hello my friends, today I want talk with you about
as you see guys market was bullish from 4 in this month until 24 SAME month
and then Price fell to this 0.63775935 and trying break it .So far MARKET testing support
In my opinion not have chance to break it
We will have good signal to but it after that pull back
As a target we can take next resistance 1 (0.80600122) and resistance 2 (1.0012646)
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
Coins
BTC heading towards 62.000Hey everyone,
please see my latest idea on Bitcoin where I use the Elliot Wave theory.
In this case, we are seeing big supportive reaction on the daily trend line. I assume, that we are done here with our first bearish impulse, which would lead now to a 50-62% correction to the upside.
Have a great evening,
RT
Technical analysis update: BTCUSD (16th November 2021)BTCUSD continues to move sideways within rectangle formation as bullish trend is losing momentum and becoming neutral. Bitcoin currently trades around 60 900 USD pricetag; and we are currently bearish on BTC as technical analysis on daily time frame supports this thesis. We expect eventual breakout below the neutral zone. Additionally, we expect such occurence to be accompanied by further selling pressure and possible beginning of bearish trend. If bearish breakout occurs then we expect price to test 55 000 USD.
Volume decreases as BTC continues to move sideways - which suggests that new buyers are increrasingly harder to find.
Technical analysis - daily time frame
MACD, Stochastic and RSI are all bearish. ADX contains low value which suggests neutral trend. However, we expect bearish breakout from neutral zone and resumption of selling pressure.
Technical analysis - weekly time frame
RSI is just slightly below overbought zone and it manifests sideways movement. Inability to pierce through 70 points might suggests that bullish trend peaked already. However, MACD and Stochastic still remain bullish. ADX suggests very weak trend which coincides with daily time frame.
We would like to note it is possible that double top is forming in BTCUSD. Because of that we think investors should be very cautious.
Support and resistance
Major resistance sits at 69 000 USD. Resistance 1 lies at 64 895 USD while Support 1 lies at 59 603 USD. Support 2 sits at 52 956 USD and Support 3 appears at 42 900 USD. Then Support 4 sits at 39 573 USD. Major support level can be found at 28 600 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Technical analysis update: BTCUSD (22nd November 2021)Last week we correctly predicted bearish breakout below the neutral zone. We also noted that we expected retest of 55 000 USD price level (BTCUSD stopped its decline at 55 640 USD). Since then price action continued to be choppy. We think it is possible for BTCUSD to retest 55 000 USD price level again in the following days. Technical analysis supports this view as technical indicators point to bearish conditions in the market.
We recently pointed out possible double top being formed:
Recent developments seem to confirm this development. However, we would be forced to change our stance if price retraced back into neutral zone depicted on the main chart.
We also pointed out (several times over past two months) decreasing volume in BTCUSD while price was climbing higher:
We noted that new buyers were increasingly harder to find. After that, drop in price followed.
Technical analysis - daily time frame
Daily time frame shows bearish developments. RSI is bearish and same applies to MACD and Stochastic. Indeed, MACD is performing bearish crossover which we expect to be accompanied by further selling pressure. However, ADX contains low value which suggests that current trend is either neutral or very weak (this coincides with ADX on weekly time frame). Because of that we expect price to move sideways for little longer before finally going lower.
Technical analysis - weekly time frame
RSI failed to perform bullish crossover and instead it reversed to downside. ADX continues to decline which suggests that bullish trend of higher degree has most likely peaked and trend is becoming neutral. MACD remains in bullish territory, however, it started to flatten little bit. Stochastic also remains in bullish area. Although, it already performed bearish crossover. In general, weekly time frame flashes warning signs for BTCUSD as it suggests previous bullish trend is becoming neutral.
RSI's failure to penetrate 70 points into bullish territory on weekly time frame:
Support and resistance
Major support level sits at 28 600 USD. Major resistance level lies at 69 000 USD. Support 1 appears at 52 956 USD. Support 2 lies at 48 834 USD. Support 3 is at 42 900 USD and then Support 4 is at 39 573 USD. Resistance 1 lies at 59 603 USD while Resistance 2 sits at 64 895 USD.
Psychologically important price levels
From psychological standpoint there are few other price levels that are important. These are respectively: 70 000 USD, 60 000 USD, 55 000 USD and 50 000 USD.
Our previous idea from 16th November 2021
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
POLCWETHLong POLC, nibbled at the bottom or the range. News coming out at the end of the month and in Dec
ADAUSDT TECHNICAL ANALYSIS 12112021What is Divergence?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There is positive and negative divergence. Positive divergence indicates a move higher in the price of the asset is possible. Negative divergence signals that a move lower in the asset is possible.
from investopedia
No investment advice...
$COIN Coinbase has hit ATH and in downtrendWatch Coinbase $COIN
Currently $COIN has bounced off the ATH Resistance and heading towards support @ $295
WATCH:
- IF Coinbase breaks downtrends below $325 SHORT until Nov 19th
- IF Coinbase bounces off $325 LONG until NOV 19th
Coinbase has also reported net loss earnings.
$MQ the future of finance*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
For the last couple of weeks my team has been analyzing digital finance company Marqeta $MQ. $MQ has developed a card issuing platform that provides clients such as Coinbase, Doordash, and Square with the infrastructure and tools necessary to offer payment options without the involvement of a traditional bank. $MQ generates the majority of its revenue through transaction fees for cards issued on its platform.
On August 11, 2021 $MQ released its earnings for the second quarter ending June 30, 2021. In this earnings report $MQ showed a 76% percent jump in net revenue driven by customer growth. $MQ also reported a net revenue of $122 million. $MQ however responded to this earnings beat by downtrading for the next couple of weeks. Before this report was released we must acknowledge the fact that $MQ was trading in an uptrend prior to the actual report. Many traders believe that stocks up-trending days/weeks into earnings are more likely to experience profit-taking unless the report is extraordinarily good. $MQ has however been downtrading since October 27, 2021 after reaching a new all-time high of $37.82.
Earnings for the 3rd quarter ending September 30, 2021 will be announced on November 10, 2021 post-market. $MQ is projecting a net revenue of $114 - $119 million. My team believes that this is a rather conservative projection.
You never know how the market will respond to good news or bad news. My team will look for further buying opportunities if $MQ falls post-earnings...this is a long term trade.
Lets get it!
My team entered $MQ today at $26.5 per share and have set our first take profit to $30.
FIRST ENTRY: $26.5
TAKE PROFIT 1: $30
TAKE PROFIT 2: $33.5
If you want to see more, please like and follow us @SimplyShowMeTheMoney
ETHUSDT TECHNICAL ANALYSIS 08112021Fibonacci 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.
from investopedia
NO INVESTMENT ADVICE.
Technical analysis update: BTCUSD (27th October 2021)In our last idea on BTCUSD we pointed out that Bitcoin was very overvalued in short-term and due to correct. We layed out two possible scenarios for BTC. In first scenario we expected BTCUSD to correct and then resume bullish trend. In second scenario we expected BTCUSD to reverse bullish trend through double top formation. Now we are inclined towards second scenario as another important support level around 60 000 USD was broken. We also showed interesting trade setup which is displayed below:
Now it is clear that BTCUSD dropped below previous short-term support; and now it remains in bearish territory. Technical analysis supports bearish thesis for BTCUSD as many indicators turned bearish. Because of that we would like to set new short-term price target to 55 000 USD.
Technical analysis
RSI performed crossover below 70 points which was accompanied by selling pressure as we predicted. RSI turned bearish. MACD and Stochastic are also bearish. In addition to that, DM+ and DM- is due to bullish crossover. We are currently bearish on Bitcoin.
Support and resistance
Major resistance sits at recent all time high of 67 016.50 USD. Another important resistance (Resistance 2) sits at 64 895.22 USD. Resistance 1 lies at 59 603 USD. Support 1 lies at 52 956 USD and Support 2 at 42 900 USD. Support 3 appears at 43 643.34 USD while major support sits at 28 600 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
DAY TRADER COIN COMPOUND INTO THE RUN - STILL POSITIVE Hello trading friends,
The compound is still interesting for the coming time as the trend shows, as long the trend is in the box, we could speak about a Positive trend.
In the trend, we did add 3 boxes of possible price action hit.
Targets
378,389,400+
This means not that all targets will get hit, but the coins are interesting and worth following.
Know also that some increases can take more time.
Trade always with good risk management, at last with 3.1 system
Have a great day!
$BTC new all-time high imminent *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: After breaking its all-time high $BTC has now established a clear support floor above $60000.
My team entered $BTC at $60500 this afternoon and have set our take profit at $72000.
OUR ENTRY: $60500
TAKE PROFIT: $72000
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Technical analysis update: BTCUSD (20th October 2021)BTCUSD reached new all time high today as Bitcoin ETF reached over 1 bn. USD in AUM within just two days since it started trading. We previously noted if new all time high was reached then it would force us to change our stance from bearish to bullish. We also noted that we expected price to continue rise in case of breakout above previous all time high. We continue to think that more upside awaits BTCUSD. However, we think investors should be cautious. Volume keeps decreasing while price reaches new highs and several indicators are overvalued which suggest that price should correct. Because of that we think it would be smart to wait for any pullback before entering long position in the market. Bitcoin currently provides interesting setup with possible long entry above short-term support or short entry below short-term support.
Technical analysis
RSI is extremely overvalued and we expect it to reverse soon. We expect such occurence to be accompanied by selling pressure. Stochastic remains bullish altogether with MACD. ADX contains high value which suggests that trend is strong or near its peak. We expect volatility of BTC to stay elevated in short-term.
Support and resistance
Short-term support coincides with previous all time high of 64 895.22 USD. Support 1 appears at 59 603 USD and Support 2 at 52 956.47 USD. Closest psychological resistance lies at 70 000 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
#SHIBUSDT Trading plan!Hi friends!
Prerequisites:
1) Near retest;
2) Above is emptiness;
3) 3-month savings;
4) Wide channel;
5) The coin looks better than the market;
6) After the last touch of the resistance level of 0.0000095, the price on the seri dine reversed back.
Target 1 - 0.00001412
Targe 2 - 0.000025
Targe 1 - $ 0.0000500
This chart forms one of my favorite pictures.
After a good fall, the coin has been trading for the 4th month in a wide channel between the levels (0.00000600-0.00000950).
At the moment, the coin looks better than the market, the price reversed in the middle of the channel after rebounding from the resistance level.
I am considering this coin for a medium-term deal when the resistance level of $ 0.00000950 is broken.
Even if the price does not break through this level even on this approach to the level, then in any case I will buy on the breakout of this level in the future.
Note: Friends, read the description of the idea carefully, and do not buy before the conditions described above. Also, do not forget to correctly calculate your risks and place stops.
All profit.
✔ Do not forget to trade using your own trading system and with stops!
✔ If you like what I do, put 👍 and subscribe! 🙌👀
✔ This is the best gratitude for my work! 💕
Technical analysis update: BTCUSD (17th October 2021)BTCUSD reached high of 62 944.94 USD while several technical indicators started to flash warning signals. First, breakout at 48.8k USD and then at 53k USD occured in very fast and unnatural motion which suggests that these price levels were most likely manipulated with goal to lurk new investors into the market. Second, volume is way lower than in previous rally that took Bitcoin to all time high and professional investors are selling their holdings into hands of retail investors. Third, several technical indicators signal that price is currently overvalued. We change our stance from bullish to bearish .
Similar setup is available in Bitcoin futures (BTC1!)
Technical analysis
Stochastic is bullish. MACD is also bullish, however, histogram started to decline slightly. Price deviated too far from its 50-day SMA . RSI left overbought territory and penetrated 70 points which suggests that price is elevated and due to correct.
BTCUSD - daily chart with 50-day SMA and volume.
It is easily observable that volume is considerably lower than in previous uptrend.
Support and resistance
Short-term resistance sits at 59 603 USD. Short-term support appears at 52 956 USD while Support 1 is at 48 834 USD. Support 2 sits at 39 573 USD while major support lies at 28 600 USD. Major resistance coincides with all time high at 64 895 USD.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Technical analysis update: BTCUSD (15th October 2021)BTCUSD trades slightly below 60 000 USD pricetag. We will observe whether it manages to break above this price level and stay there. It would be particularly bullish for BTCUSD and in such scenario we would expect BTCUSD to try new all time high. However, there are several indicators that reached overbought condition already. Therefore, we are very cautious.
Technical analysis
Stochastic is bullish. MACD is also bullish. Trend continues to be bullish, however, RSI reached overbought condition which suggests that price might experience correction soon.
Support and resistance
Short-term support sits at 59 603 USD. Support 1 appears at 52 956 USD and Support 2 at 48 834 USD. Support 3 sits at 39 573 USD while major support lies at 28 600 USD. Major resistance coincides with all time high at 64 895 USD.
Previous thought from 6th October 2021:
Here we noted that we changed stance from neutral to bullish.
Previous thought from 4th October 2021:
Here we presented interesting and very clear setup for BTCUSD. After that price bursted into bullish direction.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
ALTSEASON IS COMING 🤑🤑Bitcoin is rising, Ethereum is rising and most altcoins are at the bottom.
WHEN IS ALTCOIN SEASON COMING?
If you study the bitcoin and Ethereum charts, you will see that the coins are up 1000% after the price updated all time highs.
The price is now very close to resistance. This is the last resistance. If the price overcomes it, the altcoin season will start very soon. This is also indicated by the dominance index and the altcoin capitalisation index.
Buy any altcoins and they will make you at least 5x. Now we will reveal to you 2 very promising coins - COMP and ICP .
If you want to know the whole list of promising coins, write in the comments and we will analyse them here.
Learn more about TradingView coinsHave you ever wanted to show your appreciation for an idea but felt that hitting the like button was just not enough?
TradingView coins are a great way to show other users that you appreciate them!
What are TradingView coins?
TradingView coins are the site's internal currency. 1 coin is equal to $0.01 USD
How can you get them?
Refer a friend : When you refer a friend to TradingView, you both will get TradingView coins after they upgrade to one of our paid plans.
Receive donations from other users: TradingView users can give coins for great content, to say thank you, if they're feeling generous, or for any other reason.
Buy Coins: You can buy coins in batches of 500, 1,000, or 5,000. This can be done by opening the user menu and choosing "Coins".
(Your current coin balance, donation history and other coin info is also shown here)
Great! Now that you have your TradingView Coin treasure, how can you use it?
Cheer someone : Cheer is a great way to show your support for users that you like.
The size of your coin sending is fixed on our site with the following values: 100, 200, 350, or 500 coins. These values are equivalent to $1, $2, $3.50, and $5 USD. This feature is available for all users.
Cheer an idea by using the "Comment with a cheer" button to send your message with some TradingView coins
Cheer a user from their profile by selecting "Cheer" in the upper corner of their profile page.
Purchase a paid plan : You can spend TradingView Coins on either our 1 month or 1 year paid plans. For example, 3000 coins is access up to 1 month of our PRO+ plan, one of our most popular options.
Note that if you already have an active plan, you can add a month or a year of the same type with coins. Upgrades for coins are not supported.
TradingView Coin Pro-Tip
TradingView moderators, managers and staff give coins for ideas chosen as Editor's Picks, great scripts, ideas and other exceptional content all the time.
They can be identified by the TradingView logo badge or "Mod" badge next to their name.
Learn more about TradingView coins in our Help Center .