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BTCUSD July 2022 W.2: Short-term to Medium-term trendHi friends, I hope y'all are having a profitable week ;) Today, we have a 2 possible short-term trades that will build up to medium-term trades after the price has bullish broke and retested the (Possible) Mini Weekly Neckline. I got these trades signals from the weekly and monthly. The weekly expects bullish retests on the 2nd Weekly Key Lvl (that was previous broken and not retested) and 8 m.a (that wasn't retested by the first level to confirm the trend-continuation to where the price is at right now - on level 2). The monthly, on the other hand, expects a bullish on the huge double top neckline and on the 50 m.a and bearish crossed short-term m.a's; the patterns accumulation phase bullish reversal candle or reversal pattern will counter-trend to the targets. With that said, let us take a look at how the bulls and bears might behave in triggering our trades and not. Bulls: -If the price bearish spikes the 8 m.a with a bullish candle formation or reversal candle pattern close (1st signal) that leads the price to bullish break and retest the 4H Neckline (2nd signal), according to the 4 hour: the pricen will be in prep to rally for the half a bats L2 & L3 and 200 m.a; and according to the daily: the price would be in prep to rally for the triple bottoms neckline and 50 m.a as the 1st targets, so once that happens, then we should BUY!...(E.1 & E.2) Bears: -If the price bearish drops to break and retest the 1st 4H Key Lvl together with the 8 and 50 m.a's (1st dis-confirmation) and proceeds to break and retest the 1st Monthly Key Lvl (2nd dis-confirmation), that will tell us that our trades are invalid, hence we won't take them. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1.
BITFINEX:BTCUSDLong
by Doji-2k1
AUTOFARM to $30,000+ IN NEXT BULLMARKETI will explain what Autofarm is, and why I believe this token will go to $30,000 or higher in price. Autofarm (AUTO) is one of the most under-rated tokens in crypto. I believe that tokens that serve a purpose will be around in the future, while garbage tokens that have no utility will die out in this bear market - just like previous bear markets. AutoFarm is a yield farming aggregator running on both Binance Smart Chain (BSC) and many other smart chain protocols. It has a circulating supply of 34963 tokens, and a max supply of 80,683. This means there will never be more than 80,683 tokens in existence. You know what other token was yield aggregator token with a similar circulation supply? YFI (Yearn Finance)! And that almost hit a price of $100,000 per token in the last bull market. However, Autofarm is better and different that Yearn Finance! What makes Autofarm better is a couple of things: - It is already the absolute best TOP Yield Aggregator on the following chains: GNO, HECO, OASIS, OKEXCHAIN, BOBA, VELAS - It supports other chains as well, including: MATIC, CRONOS, BSC, AVAX, FTM, AURORA, MOVR, CELO, ONE. - It is a deflationary token. Meaning the supply of Autofarm decreases over time! More and more tokens are burned often. With supply going lower, there will eventually be more demand. Currently, 2436 Auto tokens have been burned forever. - The market cap of Autofarm is only $10,000,000! That's basically nothing - YFI is not a deflationary token, doesn't support as many chains, and the dev also left the project. Defi is the future, and we all know that such protocols are in demand and will continue to be in demand. This token has already been listed on major exchanges like Binance, CoinEx and Cryptocom - making it very easy for anyone to buy Once the bull market is back, we expect the entire crypto market cap to get to atleast 6 trillion dollars in the next big bull run. Defi and Yield Aggregator's end up doing great in bull markets. By the time we get to the next bull market (2025), more Autofarm tokens will be burned from the supply, vault fees are used to perform market buy-backs of AUTO and burnt forever. In 18 months, 2436 tokens were burned. So using that figure, we estimate that in 30 months (Early 2025), about 5000 more tokens will be burned We estimate that roughly about 30,000 of these tokens will be in circulation come 2025. This means that the price of each token will increase in value. We have made calculations as to how high this token can go using the market cap. Remember, the figures below only show a supply of 30,000 by 2025: Market cap of 10m, price per token = $333 Market cap of 100m, price per token = $3,333 Market cap of 1b, price per token = $33,333 Market cap of 10b, price per token = $333,333 The all time high for Auto was almost $14,000 per token. And this was also back when there was more supply in circulation. In time, more and more of these tokens will continue being burned. This means that in 1 decade, we could see this reach a much higher price. Autofarm has been audited by 3 different auditors, including Certik. And also has a github page. To me, having multiple audits + a github page is always a good thing when it comes to evaluating tokens I mentioned earlier that my target for this is $30,000 in 2025. This would require a market cap just shy of 1 billion dollars at a supply of 30,000. Yearn Finance easily surpassed 1 billion market cap, and almost reached a 3 billion market cap. I believe this is a strong project and it is a steal at the current price. I also believe we will see the price drop as we go deeper in the bear market, which should make this a nice coin to dollar cost average. I believe there is a good chance that AUTO gets below $100 in the upcoming months, and a very low chance it gets to $50. Should also likely get a couple bounces in small bull phases from now till halving, possibly to $600. BINANCE:AUTOUSDT BINANCE:AUTOUSD BINANCE:AUTOBUSD COINEX:AUTOUSDT GATEIO:AUTOUSDT
ALong
by Coindatahouse
7
Bears Aren't done yet ETHEREUMHi Traders, ETH/USD Is showing pretty simple price action today, Yesterday price has tanked and broke out of support with very strong momentum. I love that the resistance has not been retested as yet which will give me a chance to participate in this move if price pulls back. Looking at how price has moved before the breakout, we can see that the support of 1735 Has been respected multiple times before it actually broke out. it also created lower highs each time which essentially created a triangle. Now that price broke out of it we can expect a retest and continuation to the downside. Apart from the technicals, the current state of the global economy has brought lots of uncertainty and many investors are selling out of fear. This could fuel price to tank way more than my current target. I will go into more depth about the global economy and how we can capitalize on the fear of others in the next few months. For now, let us enjoy the fact that we can make money in good and bad times. Have a great weekend and keep pushing to get better. Renaldo Philander
COINBASE:ETHUSDShort
by Tradebudz
Elliott Waves: BTC, ETH and Ripple are looking for lower supportStocks made some nice bounce recently, but cryptos are not following higher to the same degree. In fact, we see triangle pattern on a crypto total market cap meaning that there can be another low coming before this market may potential stabilize. There is a chance for another dip on ETH, BTC and XRP that I will cover in our next video. However, technology sector, the NASDAQ100 is making some nice reversal from the low. The only question is if cryptos may bottom with a delay. Enjoy the video.
BITSTAMP:ETHUSD
by ew-forecast
Bitcoin Market update#Bitcoin has been ranging from the last few days between $31.3k - 28k, if we flip the above resistance zone of 31.3k - 30.5k level, we could see #Btc price head towards 34.1-35k zone and possibly continue towards 37.5k - 40k. This zone is likely to act as major resistance since its untouched supply on the daily and could predict a lot of sell order flow coming in from trapped and fresh traders.Hence pushing price aggressively down to $25k and below. The other scenario is if we break 28.9k - 28k critical support zone, #Bitcoin could fall all the way down to 17k- 20k, which is the next support zone. The chances of this happening is less likely but we need to consider when to be bullish and bearish in the short term in order to get best entry levels while trading.
by CryptoBlanco
1
Elliott Wave:BTC support can be near, but you need higher stocksHi traders, In today's video I will look at bitcoin in detail and the latest price action and levels that can be very interesting for a potential support. Of course, cryptocurrencies cannot turn up so easily if stocks are moving down. So it's important to keep an eye on risk-off/risk-on flows and what the FED policy decisions regarding the interest rates. I hope you will enjoy the video. Please share, comment, or like the video, and I will do more of them in the future. Grega
BINANCE:BTCUSD
by ew-forecast
ICP Weekly is a must watchNot a Financial Advisor. I've been away for a bit - Market looks much nicer! So I've been working on ICP projects (NFTs) during my absence I firmly believe this coin will be 4 figs - the development being done on this blockchain is state of the art. Truly remarkable. Developers all know it, few get to see that side, it's going to incredible in the coming years. ICP is a long term investment - you can make money in the short term likely to hit $100 in the next 8 weeks in my opinion. BTC integration coming. ETH integration coming before 2023. This small community is going to continue growing, ICP should turn heads this year. Breaking major downtrend on the weekly - look into the BTC integration - how many coins have been burned, should help research.
COINBASE:ICPUSDLong
by StofAxeCapital
3
LUNA/USDTTerra’s LUNA token broke and closed above the 20-day EMA ($54) on Feb. 22, which was the first indication that the sellers may be losing their grip. Sustained buying has pushed the price to the downtrend line of the descending channel. The 20-day EMA has flattened out and the RSI has jumped into the positive territory, suggesting a minor advantage to buyers. A break and close above the 50-day SMA ($62) will indicate a possible trend change. The LUNA/USDT pair could then rally to $70 where it may again face resistance from the bears. Contrary to this assumption, if the price turns down from the 50-day SMA, it will signal that bears are attempting to defend the overhead resistance. If the price rebounds off the 20-day EMA, it will indicate that bulls are buying the dips. That will increase the possibility of a break above the 50-day SMA. This positive view will be negated if bears pull the price below the 20-day EMA.
by Gary233333
SHIB waiting like the rest. Power of the FED. This is what they were created for. The question is what do they need to do to establish economic stability. First, they need to take back control. I think this creates the perfect tension for mitosis. The Federal Reserve needs to see that DeFi is in fact self-supporting. With AI on the horizon and quantum computers laying out the effect chains of every decision to pinpoint accuracy, we the people always maintain the ability seek. We are the sand in the oyster.
COINBASE:SHIBUSD
by mindfree
8