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Cryprocurrency

BTC ALMOST BOTTOMINGFinally the bear market is close to an end. Back in January I gave an estimation that BTC would bottom around 29-32 most likely and then updated with a possible 24k narrative. Obviously I have been gauged in the turmoil of emotion as everybody else. The most recent example was 2 weeks ago as I was expecting BTC to start climbing...I am human at the end of the day and may get caught in confirmation bias...this is why I and any experienced trader use Stop Losses order. I recognise that I may be wrong, that is why I protect my capital. Nevertheless Elliott Wave is being proven effective and BTC is following the path laid out in January. Funnily this is about to become the longest correction in the history of BTC in terms of duration. We are currently at the day 392 since April 21 peak. Nevertheless what matter is that we are coming close to the bottom. Catching falling knife is never a great strategy so now it is a great moment to start DCA into BTC (not alts yet). Why because I would lie if I tell you I know BTC is gonna bottom tomorrow, but my macro analysis indicates that we are in the process of bottoming. This is confirmed by multiple Fibonacci target, Elliott wave targets and Support/Resistance levels. Volume is also starting to reach a climax and I doubt there is any seller left to speculate on the move. A mean reversion is now expected in my opinion with the 50WMA sitting at 47k. What a good investor/trader/analyst would do? Wait for a confirmation to enter. What confirmation? Bullish structure forming on the 4h, 12h, and daily with Higher Highs and Higher Lows. Volume peaking up and key RS/SUPP reclaimed. If that s too hard...then DCA would be my choice. Nevertheless 29k has been confirmed which was my original target, now we are in for the bottoming process. Remember, market genius are made during bull markets but they disappear during bear markets, I wonder why. FOLLOW ME, SHARE, LIKE AND COMMENT
BITSTAMP:BTCUSDLong
by CFcryptoTA
XRP is about to explodeXRP has not only momentum looking at the moving averages. This artificially priced crypto currency has been holted and even banned from trading on most apps in the US up to now. This once was the 3rd largest crypto in existence prior to being accused of being a security by the SEC. According to coin market cap this is currently the 6th highest rated crypto with a $37,675,159,798 market capitalization. Meanwhile, Ripple CEO Brad Garlinghouse has expressed his optimism that the never-ending case against the U.S. SEC will end positively in favor of the company. While speaking at the fireside chat at the Paris Blockchain Week on Thursday, Garlinghouse claimed that Ripple’s defense in the ongoing case was faring better than he had earlier expected. While the explosion of XRP is likely to come the indicators are showing very small weakness looking at the chart. It must trade above the 50 day average at the $89.00 price point for us to really see the true gains point in a higher direction for ripple. The signals are somewhat interesting as the chandelier exit is showing a sell signal, yet there is the perfect setup looking at the Moving average convergence indicator. This is not financial advice as I cannot tell you what to buy or sell. I will personally continue to catch the dips and load up. We are looking at 4-20 times the investment on this one. I predict as XRP is reintroduced to platforms such as Robinhood, WeBull, and many other crypto trading platforms, it is going to pop and some of us will wake up a little bit richer. I took an hour away after creating this analysis and now XRP is trading above the 200 day moving average. A golden cross is now very likely. I am bullish on XRP. Signed @rogers1906
BITSTAMP:XRPUSDLong
by rogers1906
ETHUSD Potential bullish bounce | 8th Apr 2022With price moving above our ichimoku cloud and expected to bounce off the stochastic indicator, we have a bullish bias that price will head to our take profit at 3533 in line with the swing high resistance from our entry of 3148 in line with the 38.2% Fibonacci retracement . Alternatively, price may head to our 50% Fibonacci retracement at 3014 where our stop loss is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:ETHUSDLong
by FXCM
BTC/USDTBTC UPDATE I do day trading so I just take the advantage of market movement this analysis is good for a short term of a day not more Before looking at this post you have t check my previous post about BTC Now BTC in H1 it's in this pattern I draw you a red line above 45.500, it's been a long time since bitcoin could not break this resistance let us see what will happen next. keep eye on the lines I draw This is not financial advice it's just my personal opinion DO NOT FORGET TO USE STOP LOSS CAN WE BREAK THE RESISTANCE? WRITE ME YOUR OPINION IN THE COMMENTS
by tradingwizardtw
Bitcoin Analyze (Symmetrical Triangle)❗️❓🧐It seems Bitcoin wants to make a Symmetrical Triangle . Also, it was able to find the points A-B-C of the triangle. Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰ (Log Scale) Point D of the Triangle can be around 35000$ , and if Bitcoin breaks the Important Support Line , my scenario will be changing. Still, I expect that Bitcoin will go up again from 35000$ , and then the Point E of Triangle will be a critical point for us. 🔴 Resistance Zones 🔴 & 🟢 Support Zones 🟢 that we have in front of Bitcoin. 🔴 Resistance zone on Bitcoin's way: 🔴 Resistance zone : 50830$ until 49400$ (Resistance + Cluster of Fibs+ SMA200 (TF Daily)) 🔴 Heavy Resistance zone : 46020$ until 43100$ (Resistance + Cluster of Fibs + SMA100 (TF Daily)) 🔴 Resistance zone : 40220$ until 39400$ (Resistance + Cluster of Fibs+ SMA50 (TF Daily)) 🟢 Support zone on Bitcoin's way: 🟢 Support zone : Around 35000$ (Support+ Important Support Line,) 🟢 Heavy Support zone : 30650$ until 29200$ (Support + Cluster of Fibs) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Short
by pejman_zwin
4
MOF (Molecular Future) posied to break out one way or anotherMolecular Future has (apparently) arrested its steady decline for the last 8 weeks and is tracking sideways. Price is now trapped between a rising trend line and the 200 EMA in a clear flag or pennant formation. Which way it breaks is anyones guess but it looks as if we shall see price break out either up or down over the next few days. I remain mildly BULLISH on MOF based on its performance before the asset was forked (diluted). As a trading opportunity the picture is mixed but asa a hodling opportunity I think that at .00085 cents this is a very cheap asset and certainly one thats worth buying a few hundred dollars worth and forgetting about.
MLong
by forextraplaces
Crypto m-cap halves in less than 5 months to $1.5 trillion It took less than five months for the cryptocurrencies' market capitalisation to halve to the $1.5 trillion mark. The crypto market cap stood at $1.58 trillion on Thursday after Russia ordered military action in Ukraine as against the $3 trillion mark scaled in November 2021. In terms of value, the fall in the global crypto market-cap is higher than the GDP of countries like Australia, Spain, Saudi Arabia, South Korea, Mexico, Turkey, Netherlands and Indonesia.
COINBASE:DOGEUSD
by tykhanablemishe
BTCUSD - Is Bitcoin a haven from inflation?Before the technical analysis, it is worth noting that the US inflation data was released today, which was worse than expected, which caused an immediate fall of BTC, as well as many other assets, so it is worth considering that we can expect more volatility in the near future. Funding is neutral and the fear/greed index is also back to neutral values. Analysis description Timeframe 1H After breaking through the uptrend channel, price collected liquidity in the yellow zone in the $41,000 to $42,200 price range. It then tested the $45,000 resistance level and corrected to the 0.618 Fibonacci level where it formed an uptrend and an uptrend triangle pattern. The price is currently trading in the red resistance zone. Rally and enter the resistance zone on higher volumes. The 50 and 100 MAs have been tested as support. Timeframe 4H Long lower shadows, rising price and rising volumes show the current strength of the buyers. Stochastic RSI is out of the oversold zone. Forecast I consider LONG after a correction from current levels to $44.300. I expect a decrease in volatility, further trading along with liquidity gathering inside the ascending triangle from the trend line to the lower boundary of the red zone. I see the first target as $46,000 level, where there is a big wall to sell. The second and third targets could be $47,000 and $50,000.
COINBASE:BTCUSDLong
by Akaguma7