Cardano ADA LongLook for price to pull back into bottom box to complete an head and shoulders on the 4hr chart. After that, look for buying pressure to enter the market to take us to New All Time Highs. First target $3.70 then $4.50, then $6.50 to $7.80 based on the fib extensions of the recent bullish impulsive move.
Cryptoinvesting
Wonderful parabolic that should be in everyone's portfolioLook at the link logarithmic chart, we can see that it has a tremendous upward trend line of 1000 days from end of 2018 until now, which has gained 27,000 percent profit during this period.
- The link in pair BTC is also parabolic and can increase your bitcoins
Ethereum Weekly Chart Breakdown is looking good. COINBASE:ETHUSD Ethereum is looking strong on the weekly time frame. Weekly MacD cross with multiple weekly closes over $3000.
Last week highs have already been taken.
The next target on the weekly chart for Ethereum if it holds above $3000 would be ATH at $4378.
Trade Ethereum Here: ftx.com
✅CAN GOVERNMENTS BAN BITCOIN?🏛
CAN GOVERNMENTS BAN BITCOIN?
The rise and rise of the payment means that are not under the government control has been a thorn in the butts of all governments for the last 3 or so years
And as the price of bitcoin was storming the new heights during the lockdown rally the chatter of the need to ban/control/confiscate/tax were getting louder and louder
The motivations of the governments for this move are just as transparent as they are despicable for us, the people.
But before I dive into the analysis of the situation, which seems to be far away from butterflies and unicorns, I must reveal my bias, to avid being accused of being a crypto skeptic by the local mob of crypto bugs.
I consider myself a libertarian, which means that I believe in Individualism, limited government, peace, tolerance, and free markets. That makes me a natural crypto enthusiast, as decentralized finance is a path to a freer more open society with the alternative to the fiat money issued by the governments, which might act as a check on their inflationary and spending appetites. I was an early fan of Bitcoin and I hold a crypto portfolio myself.
Now, governments by definition don’t share libertarian values, thus whatever is seen as a benefit from the freedom-loving perspective is evil to the governments. And the lack of surveillance capabilities and the fact that crypto might compete with the precious fiat paper are the reasons why any government will seek to ban crypto at some point in the future. One more serious problem for the state is that crypto, thanks to its relative anonymity might allow people to avoid paying taxes, which causes ire among the officials.
As always, reasons for the ban that will be cited to the public will have nothing to do with reality. Among those, is the need to clamp down on the black market, online drug sales, tax evasion might be mentioned as well and all that will be served under the sauce of protecting us, the little guys.
Interestingly enough, the governments are racing to launch their own electronic currencies, because, just as one might design a coin to be untraceable, one might design it to be 100% traceable as well. In addition to that, if all of us have our bank accounts with the central bank , entirely new forms of previously impossible ways to control the people emerge. Central bank’s Electronic money can be restricted geographically, or in any other way, for example, banning you, personally, from buying burgers, because some bureaucrat thought that you are too fat, while feeding all the info about your speeding directly to the CB . All it will take to leave you penniless is turning off your account with the CB . Absolute control over the economy of the likes of which even the Soviets could not have dreamt of.
But now that we arrived at the obvious conclusion that the governments have more than enough reason to go for a ban, let’s examine whether they have the means to do so and what will that do to the prices.
And unfortunately, I happen to be quite pessimistic on this front. All it would take is a law banning crypto. Of course, If a small country bans Crypto it will affect neither its price nor its usability even for the country’s residents, however, if such a law is passed by the EU, or the USA, it's game over.
You see, most of the technologies that changed our lives in the last 20 years have one thing in common, which is the network effect. The internet, social media, and online platforms such as Uber or Amazon, benefit from the fact that the more people use their service the more valuable the network is and hence even more people join in to use it, while the benefit for those already using It increases.
The same goes for Crypto. In the last years, we’ve seen more and more companies starting to accept bitcoin as payment, while purchasing it got easier and easier. There are even Bitcoin ATMs where I live, that allow customers to buy and sell crypto for cash which is super convenient.
The Bitcoin brand itself is probably worth more than 100 billion dollars, thanks to the fact that even the older people have heard about it by now.
And all that was pushing the price higher, as the expectations of further growth justified 1 million dollars per Bitcoin in the not-so-distant future.
However, if there is a major government such a the US that issues a blanket ban, all companies that accepted crypto will cease doing so immediately, and the crypto marketplaces and exchanges will cease to function and stop accepting payments from that jurisdiction. If it is the US that bans crypto, it would mean a de fact ban on using dollars to buy it, which would make this technology unusable for most of us. The state might take it a step further and make transacting in crypto, or even just holding it a criminal offense, which would reduce the number of people using it to the few shady cartels south of the border. The ban would also make mining impossible, and as we know mining not only creates now coins but is also essential for the functioning of the network. Without it, transactions would be impossible. Therefore, the user base will be limited by the mining capacity left in the world, drying up transaction fees making it even harder to use. Hedgefunds and those who are important to the system will be warned about the ban beforehand, so it will be us, the little guys who will lose our savings. The price will collapse as leveraged players will be trying to exit the asset, causing panic and a massive selloff.
And for those who say that «this is impossible simply because this is impossible»(read, I still trust the government) let me remind you of how unceremoniously gold was essentially banned from using it as means of exchange by the US government with the gold confiscation act of 1933.
The robbery of the century- something that was unimaginable and unheard of previously, was done peacefully with the stroke of a pen and everyone obeyed and traded in their gold for the Fed papers. And keep in mind that gold was far more widespread, used, and relied on that crypto now, which means that if the Ban of crypto came in today, there would be no mass riots on the streets.
So, please, excuse my pessimism when I say that when not if the powerful nations of the world decide to ban our fancy shining coins of liberty, they will succeed. And I am of an opinion that this will happen sooner rather than later, because «they» can not let the whole thing get too big to fail. What I mean is that if the market cap of all the coins is 1-3 Trillion, they can handle the damage of wiping off this wealth. However, if it gets to 10-15 Trillion the consequences of the collapse might destabilize the system itself.
In conclusion, as much as I don’t want this to happen, the ban is not only possible but highly likely and will come sooner rather than later, with the early birds of partial bans being India and China showing us the way. However, that does not mean that we can’t enjoy a couple more of the bullish waves making 100-300% and enriching ourselves hand over fist, which is why we’ve all gathered here, at the end of the day! Just jump off the train before the wheels fall off!
Thanks to all who read the text with so many letters in it.
I am expecting a fiery discussion in the comments!
Why Proof of Stake is the BEST crypto investmentI do believe that Proof of Stake cryptocurrencies are the BEST choice for investors based on my years of experience. There are three major reasons:
Staked coins discourage selling pressure and hold the price of the coin up
Staked coins benefit from compound returns
MOST IMPORTANT REASON... watch to the end!
RAMPUSDT - LONG!RAMP is a great project ! Has some big investors and partners, from a technical perspective price is now very low with the recent dip great price to buy in at for a longterm hold ! We can see on the 4hr timeframe a recent break above the downtrend and a new higher high higher low is forming - which is giving us this nice inverted head and shoulders formation.
SKYUSD PUMP COMINGSKY is one of the coins we have recently added to our investment portfolio, we are currently up about 40% and has broke above daily resistance and we are now retesting it as support... price should reject here and see a nice continuation to the upside.
BTCUSD Recommedations
The currency pair is gradually grinding higher.
At this moment, the $45 - $46 support level is serving at a strong swing point for a bullish channel formation.
Likewise, the trendline break is resonating with the symbolic appearance of a descending triangle.
In a few hours /days, buyers should be filling the BTCUSD blank cheque with lots of buying orders.
For a day trader, opting for a 1:2 RRR (the risk-reward ratio) would really help in bagging some $$ from the market uptick.
Such a decision implies that a trade risk of $40, $400, $4000 can yield a reward of $80, $800, and $8000 respectively.
N.B: A correction is likely around $51000 value area ( rationale: support turn resistance)
Sentiment: Bullish
Decision : Opt for a buy order now or limit order at @ 48000. TP 1 : $51K TP 2 : 55,500 USD
STORJ Still Not Picked Up & OversoldAs we can see here with STORJ this cryptocurrency has yet to pump with with overall trend of the market. Still oversold on the RSI and we just hit a daily bullish divergence on the MACD on January 6th 2021. As long as BItcoin keeps pumping most alt-coins will continue to experience positive price action and momentum.
This cold be a good set up for STORJ and may be at a potential bottom bouncing off of that crucial support of 870 satoshi. STORJ may be primed for some short price action. Next targets 1050 Satoshi then 1200 Satoshi.
Cheers! Safe trading and investing as always!
ADA broke out and is retesting. ADA (cardano's native token) has broke out and is currently retesting support. Potentially setting up for an amazing Long.
If the support holds at around $0.17 then we can expect a bullish move to around $0.2 to $0.3 which are the next CPR monthly pivots.
Overall I am very bullish on cardano over the medium term and have a good hodl position.
10X Altcoin Trade: DIAUSD LONGDIA is the token that I believe has the highest chance of giving 10x return in the short-to-medium term.
Fundamental Factors
1. DIA is an oracle provider, similar to Chainlink. Defi tokens, including oracle tokens, have taken turns having huge pumps, giving 10x, 20x, 50x even 100x+ returns. DIA is one of the few tokens in this space that haven’t yet had a massive pump.
2. Market cap of DIA is relatively small ($30-40M), giving it a lot of room to run. Even a 10x return from current levels will only put it at $300-400M market cap
3. Strong fundamentals and team driving product development and community growth
Technical factors
1. Confluence of levels: support&resistance flip, 200MAs, 61.8Fib.
2. Bullish candles bouncing off of confluence of levels.
Admittedly, the short term technical indicators are only meant to indicate that this is likely a good area to accumulate. But as this is a 10x potential opportunity, the exact price level at which you buy doesn’t need to be very specific.
If you like this idea, please like, comment, follow.
This is not financial advise, please do your own due diligence.
BANDUSDT price action analysisThis is my view on BAND, probable drop to around $8 and then run up to approx $26.
Are you holding Band on your portfolio, if so how much of it? Me I do, around 0.5%
Please let me know whats your view on band and how you trading it, share with your charts
Previous Band analysis on the related links
Comment, LIKE and Follow
ETHUSD: buy opportunityWhat's the situation on the crypto market? Well..not so long ago, we could see some big moves out from the descending trend lines in such crpytos as ETC, BCH, DASH , BSV..even BTC..which is somehow dictates the direction to the cryptocurrency market (check one of my previous posts of BTC, BCH or ETC). In one word - the market is bullish.
Techincally speaking at the moment ETH is out of the descending trendline, so I think it could provide a similar move with a good R:R opportunity for joining bulls, especially for those who are playing it without leverage or stops and invest longer term.
ETH annual yield: 0.475%
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ETH - Will SCREAM Buy At You When BTC Dominance FallsWho remembers a time when ETH was this low in satoshi's... It has been a while. It seems too good to be true and you would be a fool not to throw money at ETH when the Bitcoin Dominance gradually comes down... Set an alert and see if it trends above the EMA34...
XRP Bullish Breakout Pattern ! 0.30$ to never return.XRP!
The Father of all cryptocurrencies, soon to conquer.
One of my favourite Cryptocurrency's that i have been invested in since late 2016 along with the partitial buy ins and partitial takeprofits.
Provided in this chart is Basic Resistance turned Support and a Ranging market at BUY-IN Zone.
From 0.30 and up we have the untouched zone for XRP to conquer.
Further Critical Levels & Analysis will only be revealed to students only, so take profit at your own initiative.
This is just to show you a top of the iceberg that you will be more then likely to grasp wenn looking at these charts, kept it clean and simple for you all to understand.
Note; This is no in depth day trading analysis !
*only added the lines needed for the general picture.