Crpytocurrency
Doge will be listed on Coinbase!After many ups and downs we have finally received news of the major catalyst that we have been waiting for and which will send Doge over $1! Coinbase will begin trading Doge here in the next 6-8 weeks which is going to bring in many new buyers and will allow crypto people to transfer their other coins easily into Doge. I have no idea how high this could send Doge, the sky is not the limit, we are going to go intergalactic with the Coinbase listing. Then on top of this Elon Musk was suggesting the idea of Tesla accepting Doge coin and further supporting this idea by saying he is working with developers to make Doge more energy efficient! There are going to be good days ahead of us with Doge, I am so proud of everyone who is still holding through all the dips and negative thoughts from the very naive people who did still believe that Doge is a meme. Doge is the future of currency, an unstoppable freight train headed straight to the moon!
This is not financial advise and simply my opinion.
BTC bullish divergence (Daily)Bullish divergence confirmed on the daily , short term target would be most likely to the fib level at 52500. As you can see on the Daily RSi we still inside this triangle, been following the RSI on the daily now for more than one month still no brake to the upside.
Fib time zones give me the date May 31st , could we finally brake this triangle on the RSI this date? it is possible, fib time zones surprise me every time , also something else to note is that the bitcoin price is under the NVT which is very rare take a look.
charts.woobull.com
DOGE CUP AND HANDLE?This chart covers the perspective of long term trading including the SNL SPIKE & FALL. From what I am seeing here there is a massive cup and handle forming at this point in time with the Bullish handle forming on the 15 minute plus candles. I personally believe we are about to get BULLISH AF moving forward.
As I am sure you are aware "Barry Silbert" has begun shorting Doge starting the day of SNL DOGE. This caused a massive downtrend in DOGE and I DO NOT DOUBT HE BOUGHT BACK IN AT A LOWER COST FOR CONTROL. From here moving forward traders of DOGE need to work together without coordinated events to avoid short attacks. SHORTS ATTACK EVENTS.......
What are your thoughts on what we are seeing here? Is this a bullish cup and handle or am I up in the night?
Ethereum Cycle Top Idea (80k)I know its ridiculous right 80k Ethereum is that even possible ? Well Gann Fan showing that really it is possible , the 2/1 ratio line is most likely going to stop Ethereum in its tracks right I don't see it pushing past this ratio but even if Ethereum just touched this line it would be something special. So lets see what prices Ethereum would be touching the 2/1 line by month
June 2021 12k
July 2021 16k
August 2021 18.5k
October 2021 21k
November 2021 24.5k
December 2021 30k
This area in the yellow circle is where Ethereum will reach its cycle peak most likely. I have included Fibonacci time zones as well and I get a date of June 2022 ,interesting because my intracycle top idea for bitcoin peaks in April 2022. So lets say Ethereum did peak june 2022 on the 2/1 line it would put Ethereum at 80000 dollars.
Puell Cycle Top TimeFrame (BTC)The Puell Multiple is going to be the key for knowing when the cycle top is reaching its conclusion. Is it going to tell us the week or the day? of course not this is one of the reasons the Pi Cycle failed because there will never be a model that gives you the exact date of future events unless you discovered a crystal ball in that case DM me.
So with Puell , we can get a possible idea of the cycle top, you can see clearly that whenever we reach Extreme Zone 2 (Yellow Circles) a cycle top is reached. Also this area I marked in red has a lot of confluence, price reacts very aggressively in this area , last cycle those 40% pullbacks touched this area time and time again.
At the moment we have come right down to this confluence area so a big move is building up in the background. When price broke above this confluence area last cycle , it took 230days to reach cycle top if the cycle repeats the cycle top would land somewhere in August 2021. Something to keep in mind also is that whenever we broke past Extreme Zone 1 (blue box area) price peaked within on average of 21 days , things move very quickly once we enter this zone.
www.lookintobitcoin.com
Gann Fan (BTC)This area here is high risk for entry for longs, wait for at least a 4hour close above this resistance line ratio of 4/1. If we close above we just have one more resistance area to break before we move to all time highs of 70k plus .
Now a rejection here would be a classic bitcoin bull trap and we could see much low levels maybe even a retest of 53-55k. At the moment we have four six hour candles rejected off 4/1.
Path to ATH (BTC)Price needs to break past a few layers before we can see a all time high again , price hit ratio 1/1 and has had a massive bounce and also closes a 4hour candle above the next ratio 2/1. So far things looking good but everyone should be cautious until at least we break 4/1 at around 59k.
XRPUSD 1.05160 - 9.31 % LONG IDEA * PRICE ACTION AND STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THEXRP / USD.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Intracycle Top Idea (Part 2)This is a follow-up to my previous TA which I will link down below. It is very much possible that a blow of top scenario plays out around 100k and if that does happen then the chances of that been a intracycle top increases dramatically.
If price does pop at around 100k on June 8th 2021 and then comes back down to the 0.5 Fib and holds, the intracycle top theory can quite possibly become a reality , interesting times ahead!
Fibonacci Time Zone Dates :
June 8th 2021 - 104k
October 12th 2021 - 59k
April 13th 2021 - 260k
"There is no top for Bitcoin as there is no bottom for fiat"
DOTUSDT is about to break to the upside. Potential Target $56Hello guys,
DOTUSDT broke out of the falling wedge a few days ago, but I was waiting for a confirmation. The confirmation is about to come. A close above $35 can start a move to the upside. The price target is around $56.
This is not a trade advice. Please make your own research. Let me know what you think about this idea.
Have a great week!
BNB USDT - another new high coming !BNB market has recently made a massive bullish impulse - which we capitalised on (have been long on bnb since $92) now on the daily timeframe market has made a correction, we are now expecting the continuation to the upside and market to form a new higher high from a daily perspective. On the 4hr TF market is still bearish during the correction forming lower highs and lower lows, we are waiting for new bullish structure to form so a new higher high then we can enter a long on the retest of previous resistance turned support - which will also be the right shoulder of this inverted head and shoulders pattern that looks to be forming.
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EBON to $10?! Cryptocurrency Mining and Exchange Trade 🚀EBON is a crypto/telecommunication play. They are best known for their ASIC chip design and manufacture and selling of Bitcoin mining machines. They are receiving extra attention this past few weeks due to them completing chip designing for simultaneous Litecoin ( KRAKEN:LTCUSD ) and Dogecoin ( BITTREX:DOGEUSD ) mining. ”In the future, we will focus on developing more mainstream cryptocurrency mining machines, and we are considering designing more mining chips compatible with multiple cryptocurrencies. We believe it will help increase our revenue from the cryptocurrency mining business and optimize our product offering structure along the blockchain industry value chain.". Right now the crypto market is rallying extremely hard and I think EBON’s status in this market will only increase as crypto receives more and more investments from strong financial powers. EBON is also launching its own cryptocurrency exchange in the first quarter of 2021. They have completed the internal testing of the exchange already.
EBON seems to be establishing an international foothold/platform from which to grow. EBON has a subsidiary in Singapore(8/13/20), Australia (10/22/20) and Canada to improve its industrial layout and upgrade its digital asses financial service platform (9/28/20).
**Many of these subsidiaries still will have to receive the regulatory approvals and licenses and does not mean EBON will be able to execute their proposed business as planned**
Offerings: EBON has offered shares, warrants, and units multiple times this year to raise capital and the stock price has taken a hit each time. Most recently the unit offering resulted in a quick sell off but EBON rallied hard the next day. It seems that this most recent offering included institutional investors to the tune of 14mln units which is very interesting.
Chart:
Looking at the chart you can notice a 20% sell off from 2/9-2/11 as EBON announced a public offering of up to 16 mln units at $5 per unit. EBON plans to increase to a maximum of 19.2 man units. EBON entered into purchase agreements with institutional investors that agreed to purchase ~14 mln units at initial closing. What I like about this news is the next day we had a 17% rally to test the daily 100 SMA where we were rejected. I think the crypto market being as strong as it is right now is bringing added attention to EBON and we could be on the brink of breaking out of the huge Daily Triangle pattern. $7 is a big resistance lvl that I will be watching closely this week. If we can break and close above on the Daily chart I think we can trigger a bigger rally back to $10.
I do think that if this break it will be in the pre-market action this tuesday morning 2/16)
Plan: Add shares on $7 breakout if volume confirms. This would get the price over SMA resistances and out of the Value area on the Daily chart.
Target: short-term would be 7.70-8.30 range for some profit taking and then riding shares to $10 lvl.
Stop: If entering $7 break I would have a stop at $6.75-6.8 lvls.
Alternative Plan: if $7 fails I think EBON will test $5.8-$6 HVN seen on the daily and 12h chart. I think this is a good spot to pickup shares for a longer hold play.
*With EBON having the crypto mining advancements and crypto exchange news I think it has a strong possibility of rallying back to the highs if the market allows. I do not currently have any positions in this sector and think this is a great add to the portfolio. SPY had a strong Friday close after looking weak wed/thurs so I will keep an eye on it and I will not be entering big if the market is in a questionable state.