XMR (Monero) Swing Long Update$XMR has gone up 18% since the last post after its breakout and retest on the downward trend line. Do take some profits along the way, however, I do expect it to go a little higher
Cryptocurreny
Bitcoin 4H Bullish FractalLook at this one, we are comparing BTC's recent price action with late January... It is the same.
I draw a pattern for the Jan. bottom and literally hit copy/paste.
The second peak on the current pattern was lower, the rest stays the same.
We also have high volume on the breakout...
The indicators are looking better now than last month.
It is possible to see a relief rally like it happened before.
Share your comments in the section below.
Namaste.
XRP Nice Pivot off Demand ZoneXRP has pivoted off strong Demand zone and back in Triangle with momentum turning.
Levels of resistance or Target to the upside now become top of trendline resistance (triangle) T1 , followed by T2 and T3 .
Focused on T1 for now, as I would like to see more volume come in this week to send it.
Without volume / liquidity , XRP is prone to rejection at any of the targets.
Good R/R here, I'm long
Whats next for Bitcoin??I posted on my previous idea the bullish play out for BTC, but also mentioned what would happen if Bitcoin failed to break out on top. Unfortunately we saw a rejection in the resistance zone once again, and Bitcoin broke to the bottom of the flat top Ascending triangle. So what are the current and near future predictions for BTC?
As we can see in the chart above, a break below the triangle would put the price targets for BTC at around 46-45K area. However, before we see these price zones, there could potentially be some temporary support areas that we formed over the last couple of weeks. One of these areas is around the 47500 area as seen in the chart.
Since Bitcoin has built a floor area as seen in the chart below, marked S1, the most likely drop of this current trend should end in this area and it should also be noted that this is a golden pocket area on the FIB scale so we should see extremely strong support.
In the below chart, we can see that we have also had a break to the bottom of a critical ascending trend line which has been supporting Bitcoin since the previous dip on the 3rd December. In order for us to look for any bullish scenarios, we would HAVE to see Bitcoin reclaim its upward momentum and move back above this ascending support trend line.
Bitcoin Price Analysis — October 31As noted earlier, BTC is at risk of falling from the $60,000 support amid an overall sideways bias. A fall from the current price level could push the benchmark cryptocurrency to retest the $57,500 support, which should align with the 4-hour 200 SMA if that happens. Interestingly, BTC currently trades within a bullish flag on our 4-hour chart. That said, the possibility of a dip below the $60,000 support in the near term seems likely but should spur a sharp recovery above the $65,000 resistance. However, a break (without necessarily dropping to the $57,000s) above the top of our flag should trigger a recovery as well, although with lesser vigor than the recently mentioned scenario.
Meanwhile, my resistance levels are at $61,000, $61,785, and $63,000, and my key support levels are at $60,000, $59,000, and $57,500.
Total Market Capitalization: $2.57 trillion
Bitcoin Market Capitalization: $1.13 trillion
Bitcoin Dominance: 44.4%
Market Rank: #1
BTCUSD SHORT Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today :
N1: 36799
N2: 37189
N3: 37819
Current intraday trend likely UP
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (38690)
TP could be @ Fibo level 0 (37169)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
DOGECOIN/USDT AnalysisRecent events sending Dogecoin to increase by 400%, with a combination of 4/20 and pure demand.
Elon musk is obviously doing his bit to quite literally put DOGECOIN TO THE MOON and is a big contributor towards the rises, and market volatility.
We must also take into consideration the HUGE amount of DOGECOIN that is store by apparently GameStop. Regardless of who it may be with the huge wallet of coins is another potential contributor to the further rise of DOGECOIN.
I bought a small amount at 0.04p, then bought it again at 0.23p. I will continue to hold my positions and see how it all plays out.
Let me know what you think in the comments!
Happy Trading.
MANAUSD TA Time 21-3-2021Greetings fellow traders!
First time TA on Decentraland! I'm a gamer myself. So, this is one of my favorite crypto projects. Obviously I'm bullish. ^_^.
Technically speaking we're seeing a pretty big symmetrical triangle on the 1H chart. Looks like EMI 1 is signaling a bullish reversal or confirming a support. If it does, it will confirm the bullish pennant. You know the drill, wait for candles to close significantly above or below resistance or support for confirmations.
See charts for potential targets.
Good luck, be careful and may the trend gods be with you!
BTC Continues Still. WTF. 40K. Can we break up to 50K???40K for BTC. Huge milestone. 1 trillion market cap for the whole of cryptocurreny as of yesterday.
But where next?
If this 4HR closes green it forms a nice hammer, keeping bullish momentum with almost a 2K wick at the bottom.
As a result I belive that would be the end of the bearish divergence leg down
However, if we get a 4HR crossdown on the MACD be cautious as last time if caused a 5.5K drop in under 8HRs
The second candle was wicked up alot to leave the drop at the close of the 8 hrs closer to 3K
If in longs could be suitable to get out and get in on the dips, or ride it out and hope the bullish momentum pulls the market back up
I may use it as a shorting opportinuty, if not use it to get into BTC and some top alts lower down
However, if we brake top of range I will update where BTC will be heading!
LTC had a couple pullbacks but our long trade still running very well as it is now in the $170 region
ETH had a bit of a sell off, now under $1200, but I expect the ATH to be hit within two weeks if BTC does not have a sell off
Altcoins struggled a lot today, not surprising as BTC isn't consolidating, it is still outgrowing almost all of them sending their xxx/BTC chart into further downtrends
Took a stab at VET, up a couple %, will probs close if BTC cannot break top of range before MACD crossdown
Example of a few alts I am looking for if BTC retraces, XLM, NANO, DOT, VET, LINK
These will fly when BTC stops running and forms proper consolidation....
$BTC 12h Sell signal! Local top is almost here. Stay tuned!We finally got our 12h sell signal but the daily looks like it can go for one more poke up. I am scalp short with the intention that the daily will try to send us to 11.2-11.4s. Waiting patiently for our 12h RSx oscillator to cross down.
Stay tuned to see if we get a second 12h sell signal which will stamp the structure & send us down to low 10.4s
Follow, like, share!
ATOMUSDTthose who followed the moon saw a new all time high and are up 170% so far with support from a buy3. No sell signals yet suggests continued upward momentum but we could soon see a retest.
no one can really see the future that's why we analyze the past using mathematical patterns to give us an idea of whats to come. Don't have the time to watch charts all day? let the algorithm do the work.
BTC PRICE ANALYSIS BY SEED OF WORLDA Bloomberg report, breaking down information from 13 top exchanges, shows that inside a very limited ability to focus time, Bitcoin (BTC) prospects exchanging volume has developed to about half of spot exchanging volume. This is an indication of a developing resource class. The successful activity of the fates market may furnish controllers with the certainty they need the same number of are worried that a couple of elements can without much of a stretch control the business sectors freely.
The institutional players who have been remaining endlessly because of wild unpredictability in the crypto division are additionally liable to bounce in on the grounds that the prospects and alternatives market gives them an assortment of apparatuses that can be utilized to fence their positions and lessen their hazard.
Alongside exchanging volume, the genuine utilization of digital currency in the economy is likewise significant. An ongoing examination by SEMRush found that Bitcoin is the third-most favored strategy for online installment in Italy. This positioning spots the Bitcoin path in front of customary Visas, for example, American Express, Visa, and Mastercard. This shows digital forms of money are getting up to speed and in certain cases dashing in front of the customary installment strategies.
Bitcoin is endeavoring to discover bolster near $8,829.05, which is a half retracement of the ongoing assembly. This is a bullish sign as it shows that purchasers are quick to enter when the value moves toward a solid help.
The moving midpoints are nearly a bullish hybrid and are set just beneath the past obstruction turned help of $8,777.89. On the off chance that the main digital currency ricochets off this help, a retest of the ongoing highs of $10,360.89 will be on the cards.
A breakout of this level will continue the upside move that can reach $13,973.50. In this way, dealers can watch the value activity at the moving midpoints and start long positions on a solid bounce back off it. This exchange could play out in a split second, consequently, a stop misfortune can be kept just beneath $8,467.54, which is 61.8% Fibonacci retracement of the ongoing meeting.
As opposed to our presumption, if the BTC/USD pair neglects to discover support at the moving midpoints, it will defer the resumption of the up move. It may likewise bring about the liquidation of long positions by forceful bulls, which can drag the cost to $8,467.54. On the off chance that this help likewise gives way, a retest of the $7,702.87 to $7,297.21 bolster zone is conceivable.
This analysis is sponsored by SEED OF WORLD project. Their IEO will be live soon.
For more information visit their website at www.seedofworld.com
FTM/BTCFTM/BTC has been building some good bullish momentum lately after completing this Adam and Eve we have detected, as well as a clean breakout of this parallel channel , we can anticipate price to keep rising for the short/mid-term ; our MACD gave yet again another bullish pulse today signifying that this run may have just started ... Remember to Progressively raise stop loses as the trade progresses. Feel free to follow us on telegram t.me to keep track and follow our trades .
At the Bullish Cypher PCZ NOW? Update 3Ladies and gentlemen! We are currently at a potentially lower risk entry for $ALGO! We are showing Bullish Divergence with Down Sloping Consolidation after an Impulse up and you just so happen to be at the PCZ of the Bullish Cypher! Refer to Update 2 on the Bullish Cypher pattern for potential areas of price reversal! You really don't want to drop under 524 sats which is currently where my stop loss is placed! That being said, I'd like to discuss the possibility of a Bearish Cypher in play as well! The PCZ of that would be at ironically 786 sats at the .786 Fib retracement! These patterns are never certainties and they only help there case with coinciding variables such as MACD and RSI Bullish Divergence along with other pattern developments. Breaking the down sloping channel may be a bullish confirmation as well which we have not done yet! So keep an eye out. The Alts have been doing poorly against BTC pairing which is why I am extremely hesitant with taking alt coin positions. That being said, I do believe this is a potential bullish set up here! I'll keep you guys updated as always! :D