Cryptocoin
XRPUSD bullish ideology ( MAKE OR BREAK) Here's my analysis for xrp
At this moment in time, I believe this downwards move is to get the weak investors out of the markets before we see a bullish move up.
The price of xrp could drop from here and hit the daily resistance level, when a level has been retested twice, it shows that it is being respected therefore from there should be a bullish move. However, if it breaks we have one more level which it can respect, if not we could start moving bearish.
From my understanding of the markets, I believe bitcoin has the potential of going higher therefore altcoins should follow. I have tried to demonstrate what potentially could happen to xrpusd
Hope this helps
"SAFE" "MOON" Only one month old, time is money.Safemoon is a new upcoming crypto currency that uses a new method called "burning" to accumulate more scarcity and demand. This drives the price of the coin up. It has been receiving increasing massive volume, and has already hit a market cap of 1 billion dollars. It is not currently tradable with USD, so you must buy bitcoin or ether. Then convert the coin into USDT in order to buy Safemoon coin; as it is only currently available in Europe. I believe this will eventually make its way onto Robinhood, and Coinbase. The moderators of the token just were able to get it onto a Korean Crypto Exchange. The moderators and some are pushing EXTREMELY HARD. Its a unified effort. We must become one. Tell everyone. Best of luck to yall.
Thanks,
Benjamin
twitter.com
safemoon.net
(1million holders)
"God is good and good with accountability is God"
Start of Uptrend for CRVI have radically changed my trading since I had a few heavy losses trading futures.
My new trading strategy will focus ONLY ON INCREASING MY BTC VALUE, not on USD but I will continue watching BTCUSDT
I'm using just a few indicators and mostly looking at Price Action
My strategy will work with
1 Volume Indicator (OBV)
1 Indicator that uses volume but it's a moving average (VWAP)
1 Momentum indicator (Hulli)
And the 180 EMA as reference.
I'm planning on keeping things simple, go long at the start of a new uptrend (shown by the Hulli turning green) with higher volume in the OBV giving more strength to this.
The Great NANO Breakout - Part 3I'm back with a NANO update. I first called this breakout in August, 2020, but NANO stagnated for a while, really testing the patience of holders. I know many exited during this period, giving up entirely. Here's the original analysis:
Nevertheless, NANO has made its way up to some of my bullish targets. I spent a while accumulating this one, so it felt particularly good once it finally started to move. I timed my second NANO Breakout call a little better in January 2021, right before price quickly tripled:
As I mentioned in my first live stream, NANO price was likely not affected at all by the spam attack. It was timed well for broader market consolidation. In fact, it has followed XLM price action almost perfectly. This is quite astounding. Take a look at these charts, side by side:
Both have found support near the 100 day MA (yellow). On the NANO weekly chart, it has held the 9 EMA, which usually holds price during bull markets. What I gather from this is that NANO price is influenced by whales and algorithms that have always seemed to dominate much of the crypto market. Coins tend to pump in groups, as liquidity needs time to move around the market. Profit is taken from one group, and then it moves on to another, and of course profit flows in (and out) of Bitcoin.
The NANO correlation with XLM can also be explained by their inherent similarities. XLM does have a minimum balance requirement to mitigate spam, and it has microscopic fees. But they are both incredibly fast and cheap. NANO has a lower supply, so it perhaps holds that advantage. However, XLM has a DEX and can function as a platform, so it appears to have more utility. If NANO can continue to survive and make its way well back into the top 100, that would be a good sign. For now, it's sleeping, though hardly underperforming in the market. I think it just needs a bit of a morale boost. Hopefully it's a case of "what doesn't kill NANO just makes it stronger."
In order to continue its uptrend, NANO will need to clear the 50 day MA (red) and the important $6-8 resistance zone.
This zone was major support during the initial Bitgrail crash in 2018. If it breaks out from there, it can head straight up towards $10 and above. Anywhere from $12-17 is in the cards. If we enter a final blowoff phase for this bullish cycle soon, I can also see NANO making a new all-time high, but of course this is entirely speculative. Can we see triple digits at the end of this cycle? Let's see. The final phase is usually the most insane.
A new all-time high for NANO is actually not unrealistic. My smallest cap project (SLT) went from 98%+ down to a new ATH within just a couple of months. It has begun a new cycle against its base asset (XLM). If we look at the NANO/BTC chart, it hasn't even broken out yet. The lowest caps are easiest to pump, so it makes sense why SLT has already made new highs. If NANO did the same as SLT, it could go to $50+ within the next two months. And if Bitcoin doubles merely once more from here to $120k while NANO goes 10x on the ratio, that puts it over $100. Here's the NANO/BTC chart:
Zoomed in, you can see that it's close to breaking above the 100 day MA again (yellow). The last time this happened, it nearly tripled on the ratio.
On the bearish side, I don't want to see NANO break below the 100 day MA (currently $4.14). If this happens, it can head back to the previous triangle support, between $1.80 and $2.50, depending on where it lands.
This is not financial advice! My posts are meant for my personal record, speculation, and entertainment only.
-Victor Cobra
NEO, Arise!Just a quick look at one of the other alts I've been following. NEO has underperformed a bit - somewhat similar to Litecoin, but it's pushing up against a major historical resistance level. This was the level that was tested on the first dump of the 2018 bear market. A lot of other alts from this period are retesting similar levels (including LTC). The following analysis can be expanded to other altcoins. But NEO is unique in the sense that it just upgraded and has significant funding/development/usage, compared with other projects that may be more highly valued within the market. The GAS token has also risen in price, which I think is bullish for the NEO network.
Here are some of my older NEO posts:
Calling $32-45 a little early
Breaking the bear market downtrend:
And here's an older one, but ended up being a bad call, in the short term.
What's happening with NEO now?
The weekly Moving Averages look extremely bullish, and they haven't even perfectly aligned yet. The 50 and the 100 still need to cross above the 200.
As for the daily, they are bullishly aligned. If the market decides to make a correction, it can retrace to the 100 day MA (yellow) and still remain bullish, as long as it doesn't break below. It's all the way down near $32.
In terms of targets, the next resistance is around $95, followed by all-time high. Let's see if it can get there!
NEO/BTC bounced from a very strong long term demand zone, and is now above the 200 day MA (teal). Because this is a long term higher-low, BTC ratio ATH is not out of the question, as absurd as it sounds.
On the weekly, it's also right up against the 100w MA (yellow) AND the 50w MA (red). If it breaks above these, it could signal the beginning of a big cycle against Bitcoin. On-balance volume has been on a steady incline for a while, showing some accumulation. This tells me there could be some hidden extreme bullishness for NEO.
I'm just posting this to see where this ends up. I'm speculating that many oder alts (like NEO, XRP, and LTC) can begin making some new all-time highs, propelled by a decline in Bitcoin dominance. You can read my recent posts to see why I think this might be the case. Of course, I might be wrong. I don't have any initial risk left on the table, so I feel comfortable waiting to see how this plays out.
This is not financial advice! I'm posting these for personal use and speculative fun.
-Victor Cobra
BTT ready to take offWe have seen coins like XRP and TRX(beginning to) take off. Now it's time for BTT. BTT will hit a new ATH.
Tron- back under 0.1?Tron gained about 250% in just 6 trading days and, after an initial correction to 0.1, has recovered about 50% of the drop.
In my opinion, a new leg down will follow from this point and we can see the price under 0.1 soon.
On the other hand, if the price manages to rise above 0.13 again this scenario is invalidated
VET Has Made It This Far - Only A Couple of Targets Remain Seriously congrats to all the VET holders who stuck it out through the bear market. Since the bottom on March 12th, 2020, VET has gone nearly 70x in value. It is performing in line with some cryptocurrencies from the fabled 2017 crypto bull market. Believe it or not, I called ATH levels for VET well over a year ago, when I felt it was undervalued when compared with XRP, a token with a similar supply. Instead of going straight up and mimicking XRP, VET took a while to establish a healthy uptrend, but has since been one of the better performing altcoins from the 2017-2018 era. Here is my original analysis:
When we compare the two assets, it seems XRP only pumps hard and fast, resulting in a multi-year downtrend, while not really establishing a healthy uptrend within a bull market. This is perhaps why it has so much overhead resistance, though it can go parabolic itself soon if money flows into larger cap altcoins.
Here's the first follow-up to the original post:
My latest update:
And my study, comparing VET with WTC, and why I felt VET would continue to vastly outperform:
WTC still needs to go over 3x before it even begins to look bullish on longer timeframes.
This is a long overdue update. But what now? It's hard to say. My lower targets have all been reached, and it only needs to go a little over 100% from here to get to my $0.22 target. I plan on reducing my VET position further if I see prices continue to go parabolic from here. I'm also not ruling out a large correction towards the 100 day MA (now yellow on my chart), which could result in it dropping all the way towards 4 cents again. I don't claim to know at all where the next market peak will be, but I think if things really heat up for altcoins in the coming months, it can be a great selling opportunity for those of us who got in during the previous bear market. I do think the market may just have one more big move left in its tank. During this time, I can see many alts going another 10-50x.
What keeps me hopeful that VET can indeed pull an XRP (and even maybe hit $1, but I won't get too ahead of myself) is that it still has plenty of room to run against Bitcoin, especially on the weekly. I'm watching this pair as well.
And even against ETH, if the MACD crosses above the zero line. But it's currently at historical resistance (ETH run soon?)
On the bearish side, I want to see the 100 day MA (yellow) held on any larger market correction. I also don't want to see a large breakdown from the wedge I've drawn on this chart. A break ABOVE the wedge would be extremely bullish, and could pull VET up towards my higher targets. There is also support at the 50 day MA (red), which coincides nicely with the wedge support. Even then, that's a sizable retrace towards 5.5 cents.
Let's see! I'm in a decent position, with no initial risk left on the table. I may decide to skim some profit off the table if I see some signs of weakness from the market. Just because VET has achieved my initial targets does not mean it will necessarily head higher from here. If it does, I will be prepared.
This is not financial advice! This is meant for personal use, speculation, and education only.
-Victor Cobra
Litecoin To All-Time High (LTC)Finally, it appears as though Litecoin wants to make an attempt at breaking the heavy $240-250 resistance zone. In my last analysis, I presented the possibility of hitting the top of the broadening wedge and the $250 level. It came just $2 shy. In the past, I've been pretty good on my Litecoin calls. Here's where I speculated that LTC could be a leading indicator for the beginning of a bull market:
Comparing price action in 2019 with the previous bear market bottom
An oldie but goodie:
December, 2019:
And more recently, calling the move towards $250 and outlining support levels (which were tested):
Now let's look at current price action.
Zoomed in, you can see that LTC could be priming for another test of the wedge resistance. Since it's a broadening formation (expanding volatility), that target lies all the way up near $500. I've been watching this wedge for months.
If LTC breaks ABOVE the wedge, that could cause price to go parabolic towards its cycle peak. This is what I'm hoping will happen with many altcoins. Litecoin and some others (including XRP) are still substantially down from their ATH. But if Litecoin and XRP can head up further from here, and if Bitcoin dominance continues to decline, I think we can see some extraordinary final rallies for some cryptocurrencies. However, nothing says this WILL happen. For a bearish scenario, I'm watching the 100 day MA (yellow). If LTC breaks below there and fails to get back above, that could signal an abrupt end to the rally, and send prices back towards the ow $100's.
If we look at LTC/BTC, it's currently testing the 200 day MA (teal). If it breaks above here, it should test the multi-year downtrend, currently between 0.0044 and 0.0045. If it finally breaks from there, it can head to 0.0067 and above quite quickly.
Zoomed out:
I have been in an LTC/ETH trade, and was close to giving up on it, but I'll think I'll stick it out. Looks like a secondary test of the lower support. Here's LTC/ETH. I bought at the green X, and am hoping to take profit after a break of this long term downtrend. I'm curious to see how much upside actually exists on this pair. I'm looking at this as its own cycle, so I think there's a decent possibility LTC experiences a period of outperformance. Of course, I could be wrong. For example, it would be a bad sign if it can't reclaim the 100 day MA on this pair.
This is not financial advice. This is meant for speculation and entertainment only.
-Victor Cobra
$BLFDF Blockchain Foundry Inc. entry PTs .24-.27 Target PTs .70Blockchain Foundry Inc. develops and commercializes blockchain-based business solutions in the Americas, the Caribbean, and Europe. Its solutions include Syscoin Spark Wallet that allows clients to have their custom wallet based on their syscoin platform token; Syscoin Price Peg Server, which allow non-coders to create and configure its own price peg server; and Blockmarket suite, a marketplace platform. The company also provides consulting services to corporate clients seeking to incorporate blockchain technology into their business. Blockchain Foundry Inc. was founded in 2016 and is headquartered in Toronto, Canada.
Support confirmed, now pump to $75k ⁉️ best crypto signals💎BTC/USD🌴FREE UPDATE🌴
Support confirmed, now pump to $75k ⁉️
- Yello ladies and gentlemen💰😎
💎Exactly as the ParadiseTeam predicted in the last free update, Bitcoin went lower to take the liquidity and re-visited our strong acting support zone, $50-51k, before moving up. The support of ParadiseTeam worked as proper support should work, and we see a solid bounce today, congrats🥂
💎Our blue trendline also worked perfectly. Yesterday, when Bitcoin was dumping and was trading at support, many people started going bearish. However, we have been showing you in our news channel some breaking bullish signs from on and off-chain data that been signalling Bitcoin is bullish and that it is not time to panic like others. The opposite, actually.
💎The technical and fundamental trend shift, together with most people getting bearish at support, made a great cocktail for the short squeeze we see today and described it in more detail before it happened two days ago here👉click here
💎The US dollar index is also starting to give back some gains after hitting a new 2021 high yesterday, which is helping BTC today.
💎We have some LTF resistance at $54k. We need to see a daily candle close above that before seeing any bullish continuation back to $59,999. At the moment, our bias remains mid-term bullish as our sell condition (daily close under $50k) hasn’t been met yet; one more time, congratulations to those that remained patient and bought the local bottom with us🚀