XRP - 2021 Top PredictionTop of the Mornin' !
XRP looks like is jumping on stairs settling a strong bottom on each one of them.
A set of strong supports and resistances is forming a pattern that is driving the price.
One thing is sure - this thing goes vertical when it pumps. A potential 10x is in the game (even 12x to $12 but I set a conservative target of $10).
My top for 2021 is $10, possibly reaching even $12.
Cheers!
Cryptocoin
VET - 2021 Top PredictionTop of the Mornin' !
Vet doesn't have a long past - therefore we need to rely on the most crutial trend lines that supported the price so far + fibonacci levels based on trend.
To me, it looks like VET likes double resistance trends just like ETH. But in this case - the price is below the lower resistance. This leads me to think that we may not experience such a high pump as with other ALT's. For this reason I set 2 possible Top levels for this year.
My top prediction for 2021 are $0,24 (Bearish scenariou, retest of last top) and $0,9 (Bullish scenario, pump to second resistance).
Cheers!
ADA - 2021 TOP predictionTop of the Mornin' !
ADA has a pretty fresh history and it's hard to relate on what it did previously.
On the other hand - we can spot some resistance/supports that it respected along it's way and together with the fibonacci levels a top at $4-4,5 can be spotted.
My top for 2021 would be $4,5.
Cheers!
Crypto market doesn't look good AT ALLI'm bearish crypto market, and from my point of view, I have good reasons...
Looking at the Total Market Cap chart we can see that after reaching 3T, we have a drop in capitalization and now, the 2.4T zone, is confluence support.
If we look at the individual coins, we can also see pressure on the sell-side, so, in my opinion, this downtrend will continue and we can have an average of 30% drop in the crypto market.
That being said, I will not hold any crypto in the near future and I will look to sell Btc, Eth, Ltc, Xrp, and other liquid coins.
CRO/USD - Correction in progress, $0.60 must hold, else...CryptoCom Coin had a fantastic rally in October and the first half of November. Now, the price appears to have finally hit a major resistance, which is not surprisingly found at just under $1 dollar. Such key psychological levels will always represent turning points in the price action, and CRO is no different. Despite the ongoing correction, CRO’s performance this week was stellar, with a 40% price increase.
The current support is found at $0.63. However, considering the past rally, CRO might not only correct to the Fibonacci 38% retracement, and it might dip even further.
Looking ahead, CRO’s indicators on the daily timeframe have curved back down after the major rally in the past couple of weeks. This is a clear warning sign, and if CRO breaks below $0.63 support, then things could get even uglier with price falling at half a dollar.
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Cryptocom Slowly but Surely- Well i always believed that this company can surpass Binance with time (Too Many regulations problems & Shaddy), that said, not meaning that CRO will moon.
- This Token have a real utility as you can back some CRO as rewards when u pay with your Cryptocom Visa ( up to 8% Cashback ), also can stack CRO, etc.. i invite you to Dyor about Cryptocom.
- They aslo strong partnered with Aston Martin F1 and recently with UFC MMA,
- They are working on being fully regulated and this is the most important to have a bright future in Cryptospace.
- TA parts is clear, we are having a slowly but regular growing uptrend making LL and HH. Looking good and not manipulated.
- imo the real bottom is around 0.06$.
- i will not setup a buy zone as i see this company as a long term invest, but all your buys around 0.1$ are gifts ( if TheKing stays in a bullish trend of course ).
- i will link some of most interesting olders analyses in comments.
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Trading Parts :
Next TP : 0.3$
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Happy Tr4Ding !
$CRO (Crypto.com) Token Signal$CRO (crypto.com token) is up more than 40% since my signal 4 days ago! Congrats to those who went in with me. My goal is to be transparent in my trades and provide insights on what i invest in for my own personal portfolio. Meanwhile, i also have been earning 0.5% yields daily by staking $CRO and $USDT on app.cronaswap.org by providing liquidity (LP)
However, CronaSwap is a very new exchange on Cronos Chain and thats why they are offering high yields. Invest in your own risk and always DYOR!
Litecoin To All-Time High (Part 2)I have to make this quick, since I am already behind on coursework and it's not even halfway through the semester. This is a follow-up to my never-ending, strange attachment to Litecoin. Earlier this year, I projected all-time-high prices for LTC, but it was only able to touch the $420 price briefly before dropping like a rock. Here's that analysis:
But I like Litecoin for some reason. Maybe because it's faster and cheaper than Bitcoin, has more adoption than most, and no major regulatory concerns. It's scarce, and fungibility is coming to the network soon, which is a pretty big deal. A lot of people don't realize that crypto is VERY traceable. In fact, you can look up to see how much money any address owns. Privacy is very important if crypto is to be used (at all) like a currency. You wouldn't want someone on the receiving end of a Venmo transaction to know how much money you have in the bank, would you?
In addition to privacy, Litecoin is also (beginning) an NFT platform called Omnilite. Not that NFT's are really a Litecoin thing, but it's interesting nonetheless.
That's enough for fundamentals. This thing has been underperforming quite terribly, and is near all-time lows against Bitcoin and Ethereum. Every time I make an attempt to call a reversal on either pair, it just keeps lagging and heading lower. Nevertheless, trading volume and on-chain volume are quite healthy. And hey, at least it reached its previous all-time high this year. The retrace was very ugly, and it's probably still battered from the China mining shutdown and proof-of-work energy FUD. Yes, there are coins which are more environmentally friendly. Litecoin is the only legacy proof-of-work cryptocurrency I hold (for better or for worse).
I could be doing far worse with Litecoin. I first bought at $32 in the beginning of 2019, sold a bunch for Ethereum near 0.5 (LTC/ETH) during the 2019 halving rally, and have only begun re-accumulating this year, as I see current ratios to be more favorable for buying. My average purchase price this year is around $130.
The Plan
I think once LTC breaks this local downtrend (shown on the chart) the selling pressure will ease a bit. If Bitcoin breaks all-time-high, I'm looking to scale out of Litecoin in the red box. I don't have a specific number in mind, but if it starts getting up there I'm booking some profit. In that instance, I will also be booking profit from other crypto positions, as Litecoin tends to pump late in the cycle.
In the short term, I'd also like to see LTC break and hold above the 200 day MA (teal) and produce a golden cross. After its last daily golden cross, LTC rallied almost 1000%.
This is not financial advice! This is meant as my own personal record, and for speculation/entertainment.
-Victor Cobra
CRO next target incoming! This week will be another big week for the CRO token.
When it will hit the juction of the past ATH and the uptrend line, the movement after that will indicate us if we are still going up and challenging the ATH or stabilizing back to a lower support.
One thing is for sure this is still an amazing long term entry point. I would defenetly wait more toward the 0.45-0.40 range to buy back in thought!
Crypto - New Paradigm VS. Harsh Regulation On the left, I have drawn two different speculative scenarios for Bitcoin, using the log curve and the log channel to guide price action. Both scenarios are pretty optimistic, as they show Bitcoin breaking the bounds of the log curve and heading towards the top of the channel. In the blue scenario, Bitcoin becomes a more widespread antidote to inflation and adopted as a global reserve currency. In this situation, I would be in complete disbelief and probably have a hard time holding all my crypto, since I got in so "early." After all, we're only now starting to see true crypto adoption. In the yellow, the speculative bubble pops along with legacy markets and spends years going sideways, much like Gold.
On the right, you can see TOTAL2, which shows the total crypto market cap without Bitcoin. I think this is important, because much of this is Ethereum, stablecoins, and DeFi. DeFi with stablecoins may prove to be a very important use-case for crypto, particularly if inflation continues to get worse. Even if the blue scenario occurs for Bitcoin, I think we can see a very large rebound for Bitcoin dominance, and disproportionate losses for Ethereum and others. This is because there are multiple bubbles involved on Ethereum. It would be interesting to see if ETH can actually avoid significant losses of 80%+.
Where we stand
I have done a lot of analysis on M2, DXY, and markets, and I'm still leaning towards an enormous financial market meltdown in the near future. Here is a writeup on this subject:
The stock market seems to be in the middle of a blow-off phase. There is usually some accompanying event. For instance, I doubt Evergrande will be the only firm to approach default. In this case, I think it would make sense to see TOTAL2 return to its previous all-time high, even if it continues up first. I also think the yellow scenario on the left is slightly more realistic. A lot of it depends on regulation. If lawmakers see crypto as a threat rather than a solution, it's possible Bitcoin even returns briefly to the $20k level.
I am not buying any more crypto at these prices, since I'm already comfortable with my exposure. If I had no exposure, I'd perhaps allocate a little bit now, but not plan to buy more until sometime late next year, or even in 2023. At that point, I think it would be more clear which way things are headed. I do not plan on buying more crypto until I see another bearish period (even if Bitcoin simply dumps back to $48-65k) However, we can still see some coins hit some pretty ridiculous market action before the market finally unwinds. And I see this as an opportunity to take profit and wait to accumulate more inventory.
For instance, the crypto TOTAL market cap is also pushing all-time highs. I think it's possible to see crypto reach Gold's market cap by the end of the cycle. That's my highest estimate. That puts us around $11-12 Trillion.
I do also still think Bitcoin dominance may reach a new low by the cycle peak. This could easily put the altcoin market at $8B, with Bitcoin $3-4B. That would mean $180-250k Bitcoin, although it can also shoot higher than that.
Now for some coins with cycle-end targets and long term support areas where I'd eventually buy. These are all completely speculative, and there is no guarantee any of these will hit. These are purely estimations based on where I believe we are with regard to global markets. All of these scenarios involve a longer than normal bear market, and a potential restructuring of the space.
Ethereum
Stellar Lumens (XLM)
Ripple XRP
Litecoin (LTC)
Chainlink (LINK)
NANO
Cardano (ADA)
Polkadot (DOT)
Binance Coin (BNB)
DOGE
VeChain (VET)
NEO
Solana (SOL)
The scenario this analysis does not account for is the scenario where there is actually limited further upside. Structurally this doesn't seem to make so much sense, given the trends for TOTAL and TOTAL2. However, it's best to be prepared for something like this as well and exercise appropriate risk. This is why I am not adding more at these levels, but looking to take profit instead.
This is not meant as financial advice - this is for personal use, speculation, and entertainment.
-Victor Cobra
XRPJPY OUTLOOK - BULLS STILL HAVE IT!The bulls have been dominating the market since JULY 2021 and they are not ready to let go just yet. Price just touched our slanting trendline and is heading up already, all we need to see as a confirmation before we jump right in, is a SHIFT of price above 138YEN and retest of our OB.
I will enter immediately if i see price reject 138 area, close 50% of my positions at 155YEN and either scale up more positions or let the rest run until it hits 188 or ATH of 215.
PLEASE APPRECIATE MY WORK, LIKE, COMMENT AND FOLLOW ME.
The great trend line is broken ...are u ready?#OGN
In daily time frame OGN consolidate a cup and handle pattern
Beside that ...it breaks the great trend line
Get ready🚀
If u have any question ...type it in comments and i will answer
Don't forget to support this idea by ur like and comment
Good luck💙
Ethereum is a sell 📉👀This one isn't for you buy and holds I'm not saying Ethereum is going to tank.
But our script says it time to sell on this simple 1:1 RR strategy.
We are using our trend following EDGE strategy for this trade.
Entry details are shown on the chart.
Working the 45M time frame here and we're only looking for TP3.
Previous trades can be seen on chart.
The trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren.
Welcome Back, Stellar! (XLM)An oldie but goodie, Stellar continues to chug along in the crypto space. Back in the Spring, I speculated that we could see XLM reach a new ATH before Bitcoin began correcting, but this was unfortunately not the case. I did, however, manage to nail the bottom on this one during the previous bear market. Some of those posts are linked at bottom. Here's the main one:
I think these next few months will provide the last chance for XLM to make a new all-time high and prove a long term uptrend. If Bitcoin makes a new ATH and XLM still fails to break and hold above $0.80, it can make a full retrace of the entire rally, and end up back in the major support zone, between 2-5 cents. In either case, XLM can decline a little on the XLM/BTC ratio prior to its largest move. As I mentioned recently, Bitcoin dominance may need to continue increasing as Bitcoin takes over the market for a time.
So, it'll soon be make or break time. The uptrend channel support has held quite well, and 20 cents seems to have become strong support. I still think it's possible for XLM to reach $5, and perhaps briefly above. The coin got some good news today, in the form of a Moneygram partnership. As regulators crack down on centralized exchanges, the Stellar DEX remains quite a useful (and virtually feeless) option. There are some interesting assets on the DEX as well, such Smartlands (SLT) and Aquarius (AQUA), which is essentially the Uniswap of the Stellar blockchain. Stellar has more functionality than many like to believe. It's time it proves itself. Still a big fan. Let's see what happens. If XLM pumps quickly to the top of the ascending channel, that would put price right back at $0.80.
Again, on the bearish side, I don't want to see price break below the uptrend channel, and I don't want to see XLM underperform again if Bitcoin makes a new all-time high. XLM can move up quite fast, as we've seen before.
This is not financial advice! This is meant for speculation and entertainment only.
-Victor Cobra
TCP Correction is Over - You you Agree?BOS from 22-Oct was not corrected, so price is moving back to correct it. The fun of it it all is that the demand area is aligned with the trendline giving us a double confident to hope for a reversal.
I wouldn't misinterpret this as a reason to risk more than required though.
Let me know what you think (like, follow and please comment)