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Cryptolong

Breakout for Mirror Protocol MIRWith everything else going RED as hell , I like the odds on this MIR breakout I'm keeping tabs on in this hourly chart. 30 min looks good, 45, 2 hour and 4 hour all looking good. Would make a few quick bucks and sell at 11 then wait to see if we can volume our way past that 11$ barrier up to the 12.80 fib or if not just buy back in at lower support fib. We will have to wait and see what happens after that. If you would like just ask and I will make another chart once the time comes. No fancy drawings on here today just good ol fashion metrics and thinking about supply and demand. People are going to be looking for any coin that's doing even halfway decent to throw their money at. This is it.. Peace and One Love
M
by BTCastroDOT
CountOnCrypto - Ethereum Forecast - 24/02/2021Tonight's trade analysis features a long term trendline starting on the 28th of December at 08:00 . This level was a support-turned-resistance after the previous 25% pullback, much similar to the one we saw in early January of this year in terms of its percentage and general effect on the sentiment of the market. People are seemingly very shaken by the price action, especially those new to crypto! Not me though, I watched closely and saw many similarities to the time mentioned above. Using the LazyBear wave trend oscillator I am able to more confidently enter a long position, I will be taking profit between here and the 1.618 Fibonacci retracement level. The wolfpack indicator may help you understand and give more confidence to your entries, I have included it in this analysis. This will of course be invalidated following a drop below the green trendline I have drawn, I would be shocked if we went lower but I would also be happy at the opportunity to buy Ethereum for a price I consider cheap! Please do your own research before trading, use risk management and be sure to not overleverage yourself, you will lose money!
BITSTAMP:ETHUSDLong
by CountOnCrypto
11
Quickpost: Big Picture on DXY and anti-fiatsThere is a pretty well understood relationship between fiat, like the dollar, and anti-fiats, like precious metals and crypto. With some trend lines we can see that when DXY bases out on long term support more likely than not anti-fiats are either on the verge of topping or in the process of selling off. Well established by now. That base-ing out can be viewed as faith being restored to the dollar and less need to hedge against whatever instability caused the dollar weakness/cheapness. KEY POINT DXY has decisively broken an uptrend of support in orange. The price action at the break suggest this was a major area of distribution and that area either bisects or trisects the complete move down. The falling support in fuscia gives an area where price action could land and bounce off. This fuscia line meets rising support in purple at the blue cross in mid-2022. The big picture plan is simple... I am going to be investing in my preferred anti-fiat for the next year and a half and when price action reaches the blue cross I will see if there is topping behavior on the anti-fiat and if I should pivot out into some other asset. If the triangle starts to perform bearishly I look for price action to go to the base of the channel which it hasn't visited in over 10 years. There may be a 10 year bull market in anti-fiats should this triangle break down which makes investing rather easy. This isn't the whole picture because interest rates, real and nominal come into play but so long as they stay low. No telling how that long will be but eventually this falling wedge on the effective federal funds rate will have to perform. I have a strong suspicion it will be around the time DXY finds support at the blue cross. Please review the linked ideas for my other thoughts on DXY. The bearish one is the latter, and therefore more mature and accurate post. the DXY target setting one was before I had a wider view on DXY and was a wrong call to the upside.
TVC:DXYShort
by This_Guhy
40% ADA Opportunity with Long trade on Psychological Support!ADA/USDT is about to bounce at this horizontal support level. The level is a very important one as it is exactly at the 90 cents area. This is a place that has shown support many times before already. Also, you can tell by the perfect round number that this acts as a level of psychological support. This can help to give more confidence in the strength of the level and increases the chance of a reversal. This first resistance level can be a great first exit point. This will already give you ~37% profit! I hope you enjoy this very simple horizontal support and resistance trade set-up! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
6
ZCash Needing a Dip to 56.37-57.37 to Cross trendlines to LongI've been having success at Scalping #Zcash and #Litecoin as of late. Their patterns have become quite prediectable. In this chart you can see where a descending overthrow trendline meets the underlying, more powerful uptrendline. If the price action meets at the exact spot needed, a long may be the best opportunity. Granted I may need other confluences such as the RSI and I'll take a look at the MACD. But after some major drops in Crypto overnight, it seems like they're trying to make a comeback. with resistance on Zcash being around the $60 mark, I wouldn't shoot for any higher than that as my Take Profit. Let me know what you think. Here's a previous Zcash win using my double RSI strategy. The (Over sold on the 19, diference of 7 or more between the 16 ans 29 RSI, Crossed The 50 and the 200 MA was used as support. Was the perfect time to pull the trigger and land nearly a 20 pip scalp.
BITFINEX:ZECUSDLong
by BodiesXWix
KAVAUSDT LONG - Past 2$Hey everyone! After a long consolidation, I can't see this pair ranging for much longer without an expansion move soon. Previously this was a pair already on the radar and provided a failed upside setup however it just keeps bouncing from maxima to minima of the range and now buyers and sellers are left to make an impulsive decision. The bias is upside specially being a fresh coin that makes it easier to move into price discovery and activate the FOMO's. Risk-Reward-Ratio (RRR) is taken from zooming into smaller timeframes and taking the last break of a daily high as seen here as our entry trigger. At the same time, to reduce getting shaken out on volatilite moves, the stop loss is set in a classical manner - at the patterns valid 3L point. Let's see how this one goes! Take care, Vlad The Crypto Trader
Long
by Be_Independent_Tribe
Bitcoin at key resistance structure, next move to 5000?BTC has climbed off the structure support break into the resistance structure that we outlined based on market structure. We needed to see a stall in this area for the continued move lower. The first red day just occurred and it was strong, we need to see an extended move lower or some doji candles to indicate a reversal to the downside at this resistance point of 7750. This inflection point should bring the price down through 6760 if the downside is going to continue. The volume that brought price up to resistance was weak so the downside has a little more control. If BTC rallies above 7800-7850 then the upside may open up a little stronger. Disclaimer: This trade idea is for educational purposes exclusively, this does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
COINBASE:BTCUSDShort
by TRADEPROAcademy
LTCUSD approaching resistance, potential reversal coming!LTCUSD is approaching resistance (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below our first support level (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDShort
by easyMarkets
Update on price action, 3 possible scenarios+ my next move (LTC)Hello everyone Today an update on LTC price action, a lot to talk about. Let’s get straight in to this! -So first of all I’d like to start with the support lines . We’ve created a very strong support line in the last couple of days at +/- 74. If we check the past, we’ve done that a couple of times before, The last times in March and April. We can see a similar pattern in this upwards trends. So first a couple of days were price-action stays the same, then a fake breakout, followed by another couple of days at the same price action, which has been continued with a uptrend rally. We’ve seen that two times in a row. The period we're in at this moment is pretty similar with the period of march and April. It’s true that it’s not that big of a break out, but you can’t expect such breakouts anymore, volatility of crypto’s has gone down (which is a good thing) so the patterns will not be that clear anymore like in the past. -The second thing that caught my eye was the possible reversed head and shoulder pattern who could possibly be created in the next couple of days. We can see a clear shoulder been created and a nice head at the end of June/ Begin of July. If the bulls can stay strong at the support line (74) than we could maybe see the real breakout to the first test at 86. If volume is big enough, we could past the 86 level and could reach are next target at 100. I know this will not be an easy task, the resistance line at 86 has been denied the last 6 times in the end of June, begin July. -Another thing we’ve to take in mind: LTC has had a 81% correction in the last months, we’re at the lower end of things! -The stoch rsi is telling us that there is still downwards momentum on going and we've not reached the bottom yet. What I’m going to do: I think that we’re in a no trade-zone at the moment. If we are not strong enough to hold on the 74 level, we could possibly see a free fall back to 50. I will wait to trade until we’ve past the 86 level or if we succeed to stay strong at the 74 level for another week. 3 scenarios (short resume): - So we could see an uptrend to 86, then everything will depend on the volume, if we pass that level, we could see a possible uptrend to 100. Maybe followed by a head and shoulders pattern. - If we pass the 74 level, we could see a possible free fall to 50. - Most likely we are going to bounce around between the 74 and 86 level for still quite some time.
COINBASE:LTCUSDLong
by cheynos
3