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POSSIBLE DISTRIBUTION SCHEMATICS ON CARDANO!Hello my beauties. It seems to me like the price could forming distribution schematics. The arrows are indicating more or less the events associated with a fully developed Wyckoff distribution, not an accurate prediction of what I expect the price to do. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Short
by TrickleDownFX
BTC morning update 9/28 Greetings and good morning to all! As we near the end of the month I continue to see BTC trending downward to the 41-40k level today. Looking at the fear/greed index we have a daily reading of 26 which to me is still within a buying opportunity. I see this week being a sideways week in which we play between the mid 40k level to the lower 43k level. After which I feel we will begin to see an upwards movement. If you look back to years past you can see that September has traditionally been a laggard month for BTC and cryptos in general. October-December is where you'll see the parabolic gains IF we continue to follow the models and past price-trend. I believe we will end the year with a 115-130K bitcoin with flirtations at higher levels. Right now and the past few months might have seem like total brutality but in reality we are up over 30k YTD. The way crypto has worked is that you'll have a minor bull run followed by consolidation. You won't see new lows nor new highs in this period but rather a good 40-60% pull back followed by sideways trading. After you'll see some pretty gains. Now, in terms of news. China is purely FUD. If you look at decentralized exchanges such as Sushi or Uni you'll see they have had impressive rallies since China's announcements. This proves that when crypto is being "banned" that it really cannot occur. I feel that DeFi is a strong play for the future considering this news as well as looking at the macros of global commerce specifically focusing on the developing nations. However, this is just my opinion and take it with a grain of salt. Until later - J
COINBASE:BTCUSD
by JSKINVESTMENTS
3
MATIC Rebounds A Strong 28% After Yesterday’s Plummet MATIC recovered a strong 28% today as the cryptocurrency rebounds from $0.685 to hit $0.822. Yesterday, MATIC was one of the worst-performing coins, but today is the strongest performer in the top 50. Against BTC, MATIC found support at 2300 SAT yesterday and has rebounded higher to 3630 SAT. After being one of the worst performers in the top-50 yesterday, MATIC reversed today and surged by an impressive 28% to make it today’s strongest performer in the top-50. The cryptocurrency dropped lower yesterday during BTC’s drop beneath $30,000, which caused MATIC to spike beneath the 200-day MA and hit support at $0.619 (downside 1.414 Fib Extension). By the end of the day, MATIC found support at $0.685 and rebounded higher from there today to break above $0.833. The team behind MATIC, Polygon, recently launched their own NFT gaming studio called Polygon Studios. The studio was created to bring more development to the network and provide support and infrastructure for blockchain game builders. In other news, large-scale projects are continuing to adopt the layer-2 scaling solution provided by Polygon. For example, last week, Balancer Protocol announced that they launched their service on the Polygon network. This integration will help to reduce transaction fees for traders quite significantly. Coinbase Wallet announced that they integrated the Polygon Network into their mobile application service in the latest integration. This integration will allow users to use any dapp and protocols already on Polygon through the app, such as Aave. MATIC is now ranked in the 20th position as it currently holds a $4.12 billion market cap value. Polygon (MATIC) Coin Price Analysis What has been going on? Taking a look at the daily chart above, we can clearly see that MATIC has been in an extended downtrend since mid-May after it hit a high-day closing price of around $2.44. Since then, it dropped through June until support was found at about $1.05 toward the end of the month. Unfortunately, the support at $1.05 could not hold in July and the market tanked further from there. It broke beneath $1.00 and initially found support at $0.8. However, on Monday, MATIC broke $0.8 to hit support at $0.728 (.786 Fib Retracement). It continued lower yesterday as BTC dipped beneath $30K, dragging MATIC as low as $0.619, where it found support at a downside 1.414 Fib Extension. Luckily, the bulls regrouped by the end of the day and allowed the daily candle to close at $0.685. The bulls rebounded higher from there today to break above $0.8. If today’s candle can close beyond $0.8, it would be breaking above a long-term falling trend line that has prevented the market from making a higher high since mid-May. MATIC Coin price short term prediction: NEUTRAL MATIC is considered neutral right now, but a drop beneath $0.685 would turn the market bearish in the short term. To start to turn bullish, MATIC would need to rise beyond the July highs at around $1.20 and break above the 50-day MA. Looking ahead, if the sellers push lower, the first level of support lies at $0.8. This is followed by support at $0.728 (.786 Fib Retracement), $0.685 (May support), and $0.65 (200-day MA). Beneath the 200-day MA, additional support lies at $0.619 (Downside 1.414 Fib Extension), $0.6, and $0.51 (.886 Fib Retracement). Where Is The Resistance Toward The Upside? On the other side, the first level of strong resistance lies at $0.94 (20-day MA). This is followed by resistance at $1.00, $1.05 (bearish .236 Fib Retracement), and $1.15 (100-day MA). If the buyers can penetrate the 100-day MA, the first resistance lies at $1.20 (50-day MA), $1.31 (bearish .382 Fib Retracement), and $1.50 (bearish .5 Fib Retracement).
M
by CoinCodex
3
Bitcoin Testing Short-Term .618 Fib Support Bitcoin fell 3.5% today as the cryptocurrency attempts to defend the support at $32,650 (.618 Fib). The cryptocurrency continues to trade inside a short-term symmetrical triangle but is testing the lower angle. All eyes continue to look for $31.5K support to hold. Bitcoin is down 3.5% today as the bulls attempt to defend a short-term .618 Fib Retracement support at $32,650. The cryptocurrency has been trending beneath the 20-day MA at $34,000 for the past week and has been unable to close a daily candle above it. It also trades inside a short-term symmetrical triangle pattern as the lower angle of the triangle is currently being tested. Bitcoin Price Analysis What has been going on? The 4-hour chart shows a little more perspective on where we are in the short term. We can see that BTC broke beneath the previous symmetrical triangle pattern last week but found support at $32,120. From there, it started to slowly grind higher over the course of the past 7-days inside an ascending price channel. Unfortunately, BTC met resistance at the falling trend line and rolled over. It then broke beneath this rising price channel over the weekend but is now battling to defend the support at $32,650, provided by a short term .618 Fib Retracement level. This support defended the market in early July and is expected to provide strong support moving forward again. Bitcoin price short-term prediction: NEUTRAL Bitcoin still remains neutral in the short term and would have to break above resistance at $42,000 to start to turn bullish again. On the other side, a daily closing candle beneath $30,000 would be required to turn the market bearish. Looking ahead, the first solid support lies at $32,660 (.618 Fib Retracement). This is also bolstered by the lower angle of the symmetrical triangle on the daily chart. Beneath the triangle, support lies at $32,122 (last week’s low), $31,500 (support provided by the June double-bottom formation), $31,555 (long term .886 Fib Retracement), $30,600, and $30,000. Where Is The Resistance Toward The Upside? On the other side, the first solid resistance lies at $34,000 (20-day MA). This is then followed by the upper angle of the symmetrical triangle pattern at around $34,400. Above this, resistance lies at $35,460 (50-day MA), $38,435 (1.272 Fib Extension), $38,360 (1.313 Fib Extension), and $40,000. If the buyers can finally break $40K, the first ressitance above it would lie at $42K, which is the upper angle of the current established range and a break above there would turn the market bullish. A combination of resistance around $44,200 would then be significant resistance to overcome after that. This is provided by the beraish .5 Fib, and the confluence of the 100-day and 200-day MA levels.
COINBASE:BTCUSD
by CoinCodex
BTC possible deep correction may happen this yearI have been observing this for the past week and found out that this multiple rejections from 59k could trigger a possible deep correction. We can assume that it is consolidating now and may pump in the next days but the possibility of a deep correction isn't out because BTC is in a bull run for how many months now without a healthy correction. I am not saying that BTC will going to have a deep correction now but what I am trying to share is that there is a big possibility that this continued rejection may start a shake out to holders above 60k that could affect the market as a whole. Incase this happens, I have plotted some possible levels that the price can go if supports won't hold. Technically, this supports haven't been retested and revisited that much but if correction happens, this are the strong barriers that we can hold on to. Our last line of defense would be the 40k level. How I see the Technicals, it is saying that the candle pattern (daily chart) can indirectly be considered a triple top from 59k which can be a sign of a reversal.
by gleiff
BTC - Bitcoin... Trade Idea!Bitcoin - Trade idea! Now let me explain why I have two arrows drawn - The way I analyse the market is using break out strategies there are many ways to analyse the market and I don't fix my mind on one side side direction to trade any product I trade so that's why I'd use two arrows and then take the trend trade on whichever direction is enables to go. However, I am also not a signal provider - I am not here to hold your hand and to tell you when to buy and sell. Reason being is because when you're trader controlling your emotions is the additional edge that takes a while to master but once you've got a good plan set + got your emotions in check = successful trading. Key Tip: Use your own trade plan for further confluence. Technical Aspects: Pattern - Longer term: channel & Shorter term: Wedge Support: 56366.35, 55013.10, 53236.90 Resistance: 59622.60, 61271.90, 63682.40 I really enjoy trading crypto's at times, the psychological aspects is retail dominant for now but my risk management differs totally I wouldn't risk a large % in crypto world than I would in other regulated products I trade and for day trades during the week I opt to trade crypto futures. Have a great week ahead, Trade Journal
BITSTAMP:BTCUSD
by Trade_Journal
1
Band protocol 65% Gain to new ATH LINK CompetitorSince hitting a new ATH on the 12th February Band Protocol has retraced down 45% and on the 28th March our Swing Call script triggered a strong Buy Signal after the 13 EMA crossed above the 50SMA just above the 23.60% Fibonacci level (23.60% is the cheapest value to enter on a strong continuation pattern after confirmation). We have added this Oracle to our portfolio and up 14% already from Buy Zone 1, be patient, use the buy Zone to Map your Entry, there has been some strong fundamentals for Band so an entry between the 38.20% and 50% Fibonacci level is also a good entry point. We expect a 65% Gain to a New ATH for Band to $23.25 over the next coming weeks. Happy Trading :) Key Information: DeFi x CeFi intergration is happening slowly but surely, the value that Defi can unlock is unthinkable right now but so many centralised institutions are now more ready to accept this movement...like Elon mentioned earlier last week 'Don't Defy Defi' 😅 Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band Protocol enables smart contract applications such as defi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle . Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance. The Band Protocol team has hit the ground running in 2021 with relentless efforts to ramp up towards the launch of BandChain Phase 2 — where the focus will revolve around enterprise and institutional integration to unlock virtually all the data on the open internet for blockchain and decentralized applications to securely utilize. LINK is proving to be very costly for intergrating data, Band on the other hand has been showing its efficiency. This is going to be a very good year for Band protocol
BINANCE:BANDUSDLong
by CryptocurrencyMagnet
$BTC - Everything is mathematical Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI I believe that could take us back to 40K to completely clear those levels - which would take us to the centre logarithmic curve with a likely wick to 0.382 fib The EMA's are also scarily far away Eye's closely on price action today and weekly close!
BITTREX:BTCUSD
by InvestmentsHub
2
$BTC - Deviation Central with 50K scaring BTCFirstly I still think the bigger picture is bullish, 500 CEO's attended Michael Saylors conference today (CEO of Microstrategy) with interests of buying BTC He is looking to purchase another $600 million also BUT The chart does reek somewhat, we have a rising bearish wedge formation, which forms higher highs and higher lows, but we had one previously in this bull market and it broke to the upside of it, same with ETH so for me thats less of a concern right now The green lines outline the range in play right now. Initially we deviated out the bottom, change of hands of bitcoins, then a push to the top, consolidation under range high, then a deviation above the range - 'bull trap' you might call it Quick drop followed, liquidity grab (bullish), another move out the top of the range. Became a deviation though, fell back in as 50K area sell wall was too strong Right here we look to be moving back out the range, which must hold If not head and shoulders with kneckline $47,750 is likely to play out giving us a bearish push definitely to the mid range, maybe range low - which will bring alts down too no doubt. Overall: Fundamentals bullish, 50K very strong resistance, want to hold above range high or fall is very likely!
by InvestmentsHub
2
Ethereum price prediction in next 10 days if rises.Starting from January 1st, the price continued to go up up approximately between $450 to $650 after every 7 to 10 days with few ups and downs in between. From 3rd of February Ethereum touched it's all time high price and continued to break it's record for the next 2 days until it's price started to drop on 5th February and this sudden fall of Ethereum price continues to go down upto $1490. If we follow the trend from 1st January, we will see a bullish price movement after every 7 to 10 days and in between there were some major down fall of price. The exact same thing happened on 3rd February, Ethereum touched it's all time high and the price started to go down again. So now of the price go up again to reach its next all time high, then it might be nearly at $2000 more or less in the next 7 to 10 days.
by antuislam06
BITCOIN Ready to turn down May Be 30% to 40% Pullback There are also several signs and patterns to consider for this 1st month of 2021. Bitcoin made All-Time High" (ATH) $34.8k, but since we see a correction. Everyone must be wondering how low it can go this time. ** RSI and MACD at 4H ** As shown in the figure, BTC has maintained a rising pattern since December 12. During this period, there were 4 pullbacks but did not break below MACD TREDN LINE. But this time there is a great chance that it will fall below ** Buy-in plan ** Only when it has not fallen below the MACD TREDN LINE, enter the field in Support Zone 1 $29.7k, and the upward target is ATH $34.8k **Sell plan** Below the MACD TREDN LINE, enter the field immediately, the down target RSI touches <70 start trailing, and the upward target about Support Zone 1 $25.3k
BITSTAMP:BTCUSD
by Day_Trading_Attack_Penguins
BTC Exclusive Analyze By Crypto Master Daniyal DaraeiHi please Like it before Reading ;) Btc have good support on 21940$ and Fraudulent(Shekanande"in persian) Resistance on 24300$ Today we had SEC problem with ripple and this case made xrp too bearish, xrp are oversell right now and money flowing will happens too soon. (xrp to BTC) (pool haei k az xrp kharej shode be btc vared mishe "in persian ) And if bulls push the price over 24300 ,btc/usdt pair will reach too 26900-27100$ and it could be Final target for 2020 ;) notice. we can see on RSI that Bulls have upper hand on other hand if btc/usdt pair turns down and break 21900 , pair could reach to 20k $ support line and on 19500$ bulls will aggressively defend the uptrend line. in my opinion its too bullish and the bullish scenario are more valid ;) good luck
Long
by daniyaldaraei
9
Bitcoin show a bearish flag simetric triangle!!! Short PositionToday, Bitcoin still bearish in H1 timeframe and we see that the trend it's going to make a reversal. So, I'm still in short position until the $17,020 USD. You can to put your short position entry in the market price with a SL at $17,800 USD and a target profit will be $13,400 USD. As we se in H1, we are into this bearish chartist pattern of continuation of the trend; in that case it's turn bearish in intraday So, at the moment, we can to form any chartist pattern, but remember that as we broke down the support key in H4, we found out that Bitcoin it s weakness!!!
COINBASE:BTCUSDShort
by harisonhbn9718
3
Ethereum it's leading toward the $365 USD next target!!!In H4, we see that Ethereum is confirm this validation of this zone of consolidation between the $393 USD and $384 USD. That was the consolidation zone that Ethereum it's created and right now, the price is found out in the bearish trend toward the $365 USD iN Daily we see that the price is under bearish pressure. But based in my studying, Ethereum could to find down the lower zone, in that case my target will be $365 USD. So, in H1 we see that the trend is becoming right now bearish!!! So, I will need to know because Bitcoin is still bullish and maybe, we could see another chart and data that altcoin dominance it's going to drop and Bitcoin dominance going to up. At the moment, I put in my sell market around of $383.50 USD with a SL at $389 USD and my own take profit will be $365 USD.
COINBASE:ETHUSDShort
by harisonhbn9718
1