Bitcoin seems to make upwards direction After remaining in area of 18000 to 21000 for quite a time BTC seems to move in up wards direction as it has given a clear signal of breakout .
With proper stop loss target we can enjoy the new bullish ride
CRPTOCURRENCY
The most important chart in cryptoUSDT dominance continues to be the most important chart in crypto to look at. Its is so good and calling tops and bottoms and general moves in the market.
April 5th 2022 i posted this TA
The most important triangle of the year! guess what date the USDT dominance started its parabolic move April 5th 2022!
Bitcoin was 48k at the time, this is the most important chart to be looking at because it will call the exact time the relief rally will start or atleast a breakout into a higher range for Bitcoin maybe 22-30k range.
As it stands USDT seems to be hitting a wall of resistance , since July it has failed to break this level time and time again which is a very good sign that we are in fact bottoming out.
If USDT fails to break this resistance by 28th of July 2022 it will officially break the ascending channel which could trigger some sort of rally.
It is important to note that this ascending channel is within a much larger marco channel that I cover on other TAs.
Nostradamus 101: BTC/EUR 4 months aheadYes, nobody knows what will happen tomorrow, but based on patterns we can safely assume that BTC has overheated.
Enjoy the next few months fellas, it will be a ride, FOMO campaigns non-stop, don't get fooled, just play your day-trade,
in and out, unless you are acquiring spot assets in which case HODL.
If I were you, I would wait for BTC to re-test the 47,000 area and then go short until 41,500, the rest is up to you.
This is not financial advice, just a prediction based on the audacity of bankers during the 2008 mortgage crisis and 2012
sovereign debt crisis.
Nothing is ever what it seems, but if you can use this prediction to your advantage, good for you. Enjoy. You're welcome.
Bear flag breakdown to 11.2k (BTC)Another bear flag with possible W formation on USDT dom chart ,hopefully its the last bear flag lol
Breakout USDT dom target would be previous all time high.
like market cap at 500,000,000like market cap is low and seems to following the same trend has mswap meaning like well have pump in the next coming dats not before passing point A then rising to point B then flying off to point c hitting new highs
The mathematical model of Hugh Math IndexThe mathematical model of Hugh Math Index
✅ What is Hugh Math Index?
It is a rule-based indicator designed to measure the overall growth of the crypto market by the market capitalization of passive investors
✅ Fund Manager
🔹 Mo'men Mohammad Jaradat
▪️ Institutional investor and developer of trading algorithms and investment research
▪️Has more than 7 years of experience in many financial markets
▪️ Worked on many scientific researches on financial mathematics and quantitative methods in investment decision making
▪️ He holds many professional certificates, the most important of which are EPAT, CFA, FRM
▪️ Previously worked with several research teams to develop machine learning algorithms for kaggle trading strategies
♻️ The main criteria for selecting the components of the index
🔰 Safety Standards
▪️The original must have more than 85 points by accredited security audit agencies
🔰 Liquidity Standards
▪️The asset must be listed on three central exchanges with a security rating of more than 7 points
▪️The weighted average monthly trading volume of the asset must be more than $100 million
🔰 Subtraction Criteria
▪️The asset must be publicly traded for a period of no less than 3 months
🔰 Exclusion Criteria
▪️ Stable Token
▪️Tokens (don't have their own blockchain)
▪️Coins under attack 51
▪️ Coins that have litigations with the US Securities and Exchange Commission (SEC)
✅ The investment methodology has been designed based on numerous academic researches by an independent working team, Mo'men Jaradat.
✅ More details will be shared to copy the investment at the time of the launch of the fund.
Cult Dao Breakout 30th June 2022cultdao.io
There is no control, no human interference whatsoever, we cannot change Cult, we cannot access the liquidity, we cannot upgrade or edit the smart contracts or the token. Cult is different because it cannot be stopped, not by the Guardians, the developers, the government,regulation or anybody.
cultdao.io
They can destroy the servers but the code lives on, the investments into Decentralised technologies remain.
Long trade to 35k2D setting up a springboard to possibly 35k medium term , bullish divergence building up for weeks now .
SL swing low at 26850
TP 25% at 0.382 and rest at 0.5 fib.
Longing mass fear is the play.
Algo Obvious patterns!Here is a update analysis on Algo. We about to see algo move up trend in the next few weeks. All blue arrows shows how long you should be holding algo for to profit. Algo have potential of hitting over $3 Rsi looks similar from all its previous lows. Make sure you do your own research before buying.
Weekend Update: Solana's Final Descent OutlinedIF YOU OWN, OR WANT TO OWN SOLANA, YOU WILL WANT TO READ THIS ENTIRE ARTICLE.
The above chart illustrates my analysis of Solana's final descent. First, let's start with what is not my interpretation.
Fact #1: We know we are in a wave 4
As a practitioner of Elliott Wave Theory there are signs that one looks for to immediately get your bearing as to where price is within a wave count. Whether the wave is impulsive or corrective, the MACD indicator provides all the clues needed to start labeling the various ups and downs of a price chart. MACD will print it's lowest (if move is down) or highest reading (if move is up) within the the heart of a 3rd wave (iii of 3) but only on the micro charts. On an hourly chart, (as above) that high or low print reading is consistent with the conclusion of wave 3. There's usually not enough bars, in contrast to a 3 minute chart, to register the minor wave iii. Therefore we know wave 3 has concluded. Since we all can count and 4 comes after 3, we know that is where we are within the wave theory analysis of this price chart.
NOT FACT...My Interpretation: Wave 4 is Done
Now technically I have no way to determine for a fact that wave 4 is done unless we have a breach of the wave 3 low and even then, how price is breaching the wave 3 low. Let me try to explain with an illustration the shear lunacy that a wave 4 can become. I consistently encourage my followers NOT TO TRADE A WAVE 4 due to complexity and opaque nature of trader's indecision in this area. The below chart is the SPX right before the COVID-19 Pandemic.
The red labels represent how price was progressing on the daily chart and the black labels represent how price actually reconciled.
After black wave (iii) we had a standard (red a,b,c) countertrend move which by all accounts was the conclusion of wave (iv). We knew this because price breached the black wave (iii) high in a 5 wave move (Labeled as Red Wave 1 on chart), followed by a 3 wave countertrend retracement (red wave 2). Things are progressing in text book fashion until price suddenly crashes and breaches red wave 2 bottom. This ceased to be impulsive and became a 3 wave move (which is countertrend) and thus reconciled lower than red wave (iv) in a devastating C wave for the final conclusion of wave (iv) in black. As an Elliotition the position stop would have been the red wave 2 bottom.
So, in reality with Solana I feel like it's 2020 all over again with the SPX about to be hit with the COVID-19 pandemic. We have to search for clues as to HOW price is progressing or retracing.
Case in Point: This is how I was counting Solana's daily progress as of mid April 2022.
Once we had overlap with my wave 1 up I posted to my followers that only bullish count left would be a leading diagonal which is a highly unreliable pattern. Subsequently it was not a leading diagonal and price has fallen precipitously since then.
As of right now, I have an ABC in place to complete wave 4 and no current evidence that price is about to rally in a C wave higher to complete an expanded wave 4. I originally thought that was how this wave 4 would play out. However, after taking the .786 Fibonacci retracement support area on May 26th, I choose to abandon that thesis and quickly informed my followers. As I have written about many times, I prefer to keep my chart labels simple until the simple is no longer rationally explained.
Therefore we should be experiencing the final machinations of a devastating decline that started in November 2021. As of now, I am expecting price to decline and ideally in an aggressive fashion as we should still be in a wave 3. If this is to end soon, an aggressive price decline is what I'm looking for. However, we decline is a very overlapping manner, this could portend a more complex pattern is emerging and things could get even worst as time goes on. As always I will update you twice a day Monday through Thursday, once on Friday and then with a Weekend Update.
IF YOU FOUND MY ANALYSIS HELPFUL PLEASE GIVE ME A THUMBS UP OR IF YOU DON'T FOLLOW ME BUT HAVE INTEREST IN SOLANA, MAKE SURE TO FOLLOW ME FOR THE LATEST PRICE ANALYSIS.
Best to All,
Chris
Morning Update: I'm in the Trade at $44.19First let me begin by saying thanks to the followers who took time out of their evening to reply and give me a thumbs up. I don't ask for feedback out of some narcissistic need to feed an ego. I want to see if what I'm contributing to Trading View is helping or is important to some people. In the absence of that knowledge I'm sure no one would find it unreasonable to look at reallocating my time. Thanks Guys:)
Back to Solana:
Last night I outlined a potential trade set-up. Go long in and around the .618 retracement area of the rally off of $35.30 bottom earlier in the month with a stop in place. The trade (albeit risky) has some technical merit because the .618 should provide something of a bounce. It doesn't mean a guarantee. I have written extensively about trying to keep my EWP perspectives simple. An ABC for wave 4 is simple. Could this wave 4 have concluded at $59...sure. My only problem with that being the conclusion is the amount of time it took. I would prefer a more pronounced wave 4. That's why we're risking $2 - $2.50 for the potential of $20-$30 points later on this summer. It's important to know clearly that I DO NOT BELIEVE SOLANA HAS BOTTOMED. Nothing has changed in my perspective. But if this wave 4 is a standard ABC then at this price level it's worth a shot.
If stops are triggered...DO NOT CHASE SOLANA. Risk management is in place to protect us. Discipline is the key to not losing a lot money in any market.
Best to all,
Chris
This time its different.....What amazes me about the whole cycle is how close both topping patterns played out.
1. The double top pattern with a lower higher on the daily market the top and a massive drop.
2. This phase of the pattern was not exactly the same. 2017 we had a 98% bounce and in 2022 we had a 41% bounce but it did take around the same time before starting the next leg with 2017 taking 52 days and 2022 taking 62 days.
3. Now this is where things start lining up pretty damn well , same impulse move up and a double top but with a higher high trapping in everyone thinking we were going higher.
Now this entire move was all orchestrated. I explain why in detail below in a different TA .
4. This phase was nearly a perfect mirror from 2017 and it was obvious at this point at least to me that bitcoin was in full distribution , which tends to happen in bear markets.
5. After phase 4 is over then proceed to pump 41% in 2017 and 45% in 2022 , only to return back to marker 2.
The bull market blueprint of 2021 was in 2017 , the same players using the same tactics to leave most of retail high and dry. They don't even bother to change the way they do it, rinse and repeat .
I always thought Bitcoin was the people's money but now after this bullrun and understanding the way they move the market I really don't think so anymore, the same 7-10 year old wallets shift the market right in plain sight , everyone has access to glassnode just go there set 7-10 year old wallets and see for yourself , market is rigged.
Check out the comments I posted on this TA published nearly 2 months before this crash. That weekend I was getting massive alarms for the 7-10 year old wallets, same story different cycle…..
There is still hope for decentralisation and to bring power back to the people but it's not through Bitcoin , it's through cult dao .
A project that is bringing back true decentralisation.
The Website -https://cultdao.io
The Whitepaper/manifesto -https://cultdao.io/wp-content/uploads/2022/01/CULT-DAO-Manifesto-1.pdf
BTC! Analysis Double BOTTOM!!Hey Everyone BTC have finally made its double bottom On the RSI higher high RSI Reversal. We are seeing a bullish market on Btc after breaking below 30k. Few days later BTC is bought back now above 30k. Is this what the bear been waiting for? We can see big buy under the 30k. We may see BTC running back to the 40k in a few weeks. Follow for more free analysis.
FTT/CRO FUTURESThink of FTX token as Apple & Crypto.Com as Gamrstop... Now you know where retail will pile into and where the deep liquidity is.
FTT = stability
CRO = affordablity
Algo Bull incomingAlgo just increase its stake reward on coinbase the highest earner rewards. Massive buying volume have already started Algo stake reward payout daily and higher then most other coins atm. Coin have potential moving up in the next few days. Algo reach its low at .35cent and pulled back .10 which is very low. The RSI have shown double bottom inverse.
ATOM Recovery Atom look like it pulled back from low of $8 we and up already we may see bullish in a few weeks. This coin will let you get a 5%+ APY on some of the exchanges. This one have not change since. This coin have High potential for it to recover back to $40. RSI way over sold in the 3 day time frame. Resistant in at the $10. The market is making a recover after fear.
Luna Way over sold possible millionare?Wow Luna drop all the way to 1 cent. from 100 dollars. Look like i have to get in this just because the fud is around im have to put a little investment here. Prob shock the world later on who knows. This is very interesting for luna. This is not financial advice but Luna looks awfully cheap. Who knows it might do a $50 buck run.
LUNAUSDT MELTING!!Remember to take your dam profits - BUY LOW SELL high dont follow the retail herd and fomo into bad positions at all time high prices.
$LUNA - The Way ForwardHEAD AND SHOULDER BEARISH PATTERN SPOTTED.
What does that mean? Bearish Bearish Bearish! We may get to $50 and even lower soon to complete the setup.
But before that, we should expect and plan to catch the next short term rally to $70 possibly.
Entry would be lower time frame after confirming exhaustion.
Don't forget to like and follow for more trading updates and free signals.
#$KC #Meekhill #Meekhillacademy #RICHMMDT
Axie Infinity (AXS) Buy ZoneAxie Infinity (AXS) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Risk : High
On 4 hours timeframe Axie Infinity formed bullish pattern which shows the possible reversal at $29 zone.
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$AXS/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 28.8 - 27.9
TP 1 : 31
TP 2 : 32.5
TP 3 : 33.9
TP 4 : 35.25
TP 5 : 37.8
TP 6 : 39.75
TP 7 : 42.4
TP 8 : 46
Stop Loss : 26.5
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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SANDUSDT SETUPSANDUSDT price has reached a confluence zone of Fib level and EMA 400. This area is critical for bulls to retain as on breaking there is no major support available. So, we are expecting the triangle squeezing and support may attain some accumulation and an upward surge will start soon.
