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BITCOIN CRASH UPCOMING OR BULL RUN?!?BITCOIN LOSING STRENGTH OR RALLYING FOR A INSANE BULL RUN?!?! BINANCE:BTCUSDT Bitcoin has had an extraordinary pump, But with every pump comes either a correction or a dump. Like analysed in my previous analysis of this Pump ( ), Bitcoin is still not clear yet. Although Bitcoin is showing signs of a bull run because of this crazy pump and all the retail investors celebrating the end of the dreadful month of September it does not mean Bitcoin is out of the woods. As mentioned in the previous report Bitcoin should have hit a key level of resistance at $49,000 USD and that would mark the end of the short term down trend as there would not have been a lower high. However Bitcoin has started moving slightly downwards and topped with a high of $47,800 USD. This still means Bitcoin is in a down trend and with lower highs, lower lows usually follow. Right now the key level to look at is the $46,800 USD mark as it has been a previous level of support when everyone was convinced “Bitcoin on the way to an all time high” (18th September). Usually I am very bullish on Bitcoin but we are seeing the buyers lose their buying force. Although we have seen some strong rejections at that golden level of support at $46,800 USD I personally don’t feel there is a strong enough narrative to really drive retail investors into Bitcoin and drive the price up further. We have heard about news about the US government not banning crypto, El Salvador mining Bitcoin with volcanic energy, Economists calling Bitcoin “digital Gold”. There wasn’t a single reason for this enormous pump. October 1st is the end of the quarter meaning many quarterly contracts have expired causing this slight pump which got retail investors exciting due to all the campaigning going on calling for a bull run to $100,000 USD for Bitcoin or at least achieve a all time high. This means as that slight pump happened it caused investors to jump on because they didn’t want to be late to this parabolic bull run driving the price higher and higher. A lot of the traders shorting Bitcoin with leverage ended up being liquidated due to this Pump and all that did was further drive the price higher and higher. This however is not healthy for the market as there is no Narrative to really drive the market or keep retail investors in other than the “digital gold” and I personally do not think it is strong enough to drive prices to an all time high. I am a trader who likes to trade narratives and personally right now there isn’t a strong enough narrative to hold or even bring Bitcoin all the way to the all time high. I am personally really bullish on Bitcoin but i do think this pump is overhyped and will face a correction soon with the technical target being around about $44,000 USD. However if we do see and increase in buying volume and see a push from sellers we are looking to hit the $51,000 USD long term down trend resistance line. However there is a crack down on stable coin such as USDT/USDC meaning there will be a lot of buying pressure coming in for all the people who don’t want their money caught up in it, this wont be substantial enough to drive Bitcoin prices to an all time high but can potentially create some narrative which can In turn cause a insane bull run to the all time high. Bitcoin is a coin which likes to surprise everyone and it rewards patience, anything is possible with Bitcoin. I personally have purchased Bitcoin in the beginning of the Bull run and will be holding my positions and waiting to see how the price reacts with the opening of the Nasdaq and the NYSE as stock prices are tied into the performance of Bitcoin. I also will be looking for price action around the $46,800 USD and the $49,000 USD (if it reaches till there). If price action does show substantial rejection of the $46,800 USD I will increase the size of my position. Thank you guys keeping up with today’s detailed analysis. A lot of work and research goes into this so if you do like these please make sure to like and follow for daily reports on the crypto market. Remember Be Patient ANDD LET’S MAKE SOME MONEY!!! This is not financial advice
by Real_Time_Analysis
3
Bitcoin NEXT move!!!!!!!!!!!Bitcoin on it's high rally didn't continued and took reversal from 52,800 due to bitcoin adoption in El Salvador and now its moving on 42,200. Market tried to catch up price but due to aspects of El Salvador bitcoin adoption and now FUD like china against BTC. It is yet not clear tends to further fall in price tp 38,000 as china enforce on bitcoin. The market sell-off can be traced back to developments in China, where the central bank has issued a nationwide ban on bitcoin transactions, blaming fraud, money laundering and energy consumption. China officials are also taking aim at bitcoin mining once again. Meanwhile, fears surrounding China’s debt-laden real estate developer Evergrande also seem to have spilled over into the crypto market.
by ProTradingPoint
2
CELR/USDT *Big Short* ComingHello guys this is Madop here. I am just a nobody that now have had enough profit and experience to get myself comfortable who LOVES cryptocurrency for changing my life around I have been using trading view for a long time since I started trading cryptocurrency and I think it's about time I give something back to this community. Since I never paid a dime to use the chart and indicators, this is my payback :) As cheap as I may sound... (I admit I am yes haha) I am super aware when I am putting my money down for a trade, and today I came across a coin that is currently making me above 100% profit and it is going to be A LOT more so I figured why not share and give back to the community and may be even save some people. Today we are looking at CELR/USDT (Celer network) *Note* I am not saying this network is bad or anything but the chart is looking horrific... As we all know there is no magic indicator or for sure way to know the direction of chart but with few researches, it can definitely give you a good insight where it might go here are some :::FACTS::: 1. Ridiculously Big Divergence. As you can see in the chart, that divergence is insane... I mean... I literally dont know what more I can say what you see is what you get... If you don't know divergence that well, look it up, it is super easy to understand. 2. History Don't Lie. So when the coin is pumping to the moon without a good foundation such as development news and "people talking" about it, it is a BIG no no for me... and should be the same with you. Last time it pumped about 9500pip, It plummeted down to 8500... This is pumped above 9500pip... what would come next?? 8500? or even more? 3. Watch out for a pump without foundation. So I did some research on this coin and nothing was big enough news that could cause this current pump and so as the pump as year. Like a ghost 0.0 and it was around same time as last year this pump is happening again... For my conclusion, I am sure your thinking the same after telling you what I have found out, I wish you guys another great year of trading and remember to trade safely! Happy trading guys :)
Short
by Madop
10
$XRPUSDT Ripple Long Term Target PTs 3-3.90-5-6.50 and higher$420M in leveraged long traders liquidated after XRP rallies to $1.96 XRP price dropped by 20% shortly after making a 2021 high at $1.96, but have the altcoin’s bullish fundamentals changed? XRP holders couldn't have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of April 14. In addition to achieving its highest level since January 2018, this robust price increase signals that investors are not worried about the ongoing SEC "unregistered securities offering" dispute. However, just 6 hours after rallying to $1.96, XRP price crashed by more than 20%. During an interview, DCG Group CEO Barry Silbert said it would be risky for exchanges and companies in the United States to relist XRP ahead of receiving the SEC's blessing. These remarks may have contributed to the unprecedented $420 million long liquidations on derivatives exchanges today. Over the past couple of weeks, the primary catalysts for XRP's rally have been victories in Ripple's legal battles. Lawyers representing Ripple were granted access to internal SEC discussions regarding cryptocurrencies, and more recently, a court denied the disclosure of two Ripple executives' financial records, including CEO Brad Garlinghouse. Considering the recent rally, pinpointing a single reason for the price correction will likely be inaccurate. Nevertheless, the impressive $420 million long liquidations past 24-hours exceed those of Feb. 1 when XRP price crashed by 46% in two hours. The only logical reason behind this staggering liquidation is excessive leverage used by buyers. To confirm such a thesis, one must analyze the perpetual contracts funding rate. To balance their risks, exchanges will charge either longs or shorts depending on how much leverage each side is demanding. The chart above shows that the 8-hour funding rate is surpassing 0.25%, which is equivalent to 5.4% per week. Although this is excessive, buyers will withstand these fees during strong price rallies. For example, the current upward price move lasted for almost three weeks, and prior to that another took place in early February. Blaming the liquidations exclusively on leverage seems a bit extreme, although it certainly played its part in amplifying today's correction. Moreover, the record growth in XRP futures open interest was accompanied by a hike in the volume at spot exchanges. As a result, the eventual impact from more significant liquidations should have been absorbed by the increased liquidity. Cascading liquidations will always take place in volatile markets. Thus investors should focus on how long it takes until the price recovers from it. Fundamentally, a 10% or 20% intraday drop should not be interpreted differently. The correction depends on how many bids were previously stacked at exchange orderbooks and is not directly related to investors' bullish or bearish sentiment.
Long
by UnknownUnicorn19246015
Binance Coin $BNBUSD Long Term PT 980-1,100 and higherWhy Binance Coin Hit All-Time High (and $86B Valuation) Ahead of Coinbase Listing Why wait for the Coinbase listing of its shares on the Nasdaq? There’s already a way – in cryptocurrency markets – to bet on the world’s biggest cryptocurrency exchange. It’s a digital token linked to the success of Binance, which boasts a higher spot trading volume than Coinbase, according to the data site CoinGecko. The token, binance coin (BNB), has surged 14-fold in price this year, for a market value of $86 billion. Some cryptocurrency investors see BNB as a way to get excess return over a simple purchase of bitcoin, whose doubling in price this year looks almost paltry by comparison, Joshua Frank, co-founder and CEO of crypto data firm The TIE, told CoinDesk in an interview. “Funds can’t just buy bitcoin, because if the funds just buy bitcoin, it’s not worth it for their investors,” Frank said. Binance coin “is one of those larger coins that they can get exposure to, and they can put a large position in.” Binance press officials said they didn’t know why BNB has rallied so dramatically this year. The token’s price “is not something that can be controlled,” according to a spokesperson. But cryptocurrency analysts said that Binance’s recent business moves, including launching a blockchain network to compete with Ethereum for a share of the decentralized finance market, known as DeFi, have helped to boost the BNB token’s prospects. Unlike Coinbase’s soon-to-be-issued shares, BNB tokens confer no equity ownership rights. Binance is a closely-held firm, still led by its founder, Changpeng Zhao, often referred to by his initials, CZ. Instead, BNB is considered an “exchange token.” It can be used to pay fees on various Binance trading platforms, sometimes entitling the payers to discounts, or even as a currency on blockchain networks sponsored by the exchange. Investors in the token are essentially betting on its supply and demand, which effectively translates to a bet on the success of the Binance ecosystem. The rise of Binance Smart Chain Binance Smart Chain (BSC), a less decentralized public blockchain that’s considered a competitor with the Ethereum blockchain, has been quite successful. With transaction fees that are about 35 times cheaper, BSC has overtaken Ethereum in the first three months of 2021 for daily unique active wallets, according to DappRadar’s 2021 Q1 overview report on April 1. In March, the total value locked in Venus, the top decentralized money-market protocol on BSC, surpassed that of some of the most popular DeFi projects on Ethereum, including Uniswap and Compound, DappRadar wrote in its report, citing data from Defistation. The huge success of Binance Smart Chain has played a significant role in BNB’s rapid growing value. As a “discount token,” BNB offers discounts for trading on both Binance’s decentralized exchange (Binance DEX) and Binance, according to Nick Mancini, research analyst at Trade The Chain. The TIE’s Frank told CoinDesk that many crypto-native hedge funds have recognized BSC as a “much cheaper and more effective way” to access DeFi than stomaching Ethereum’s transaction fees, known as “gas,” where rates have soared due to network congestion. BNB is used as gas to pay for DeFi deployment to BSC. Mancini speculated that BNB’s market capitalization might eventually overtake that of ether, the Ethereum blockchain network’s native cryptocurrency. Ether prices have tripled this year, to a market value just over $260 billion. “If BNB and ether continue to grow at the same rate, BNB will flip ether within the next two to four months,” Mancini said. “Alt Season” It can’t be overstated that BNB’s price surge has come during “alt season” – a stretch of time where crypto traders have bid up so-called altcoins, ostensibly due to a lull in bitcoin’s rally. This is evidenced by recent drop in bitcoin’s share of all cryptocurrencies’ value, known as the market dominance ratio, to a two-year low. Crypto hedge funds trying to beat the market may also have been forced to invest in altcoins like BNB. Fund managers typically impose a “2 and 20” annual fee structure, meaning a 2% management fee of a fund’s net asset value and a 20% performance fee. Since there are so many ways for investors to hold bitcoin at low cost, crypto hedge funds have to come up with “unique ways” of beating the largest cryptocurrency’s returns for less costly fees, Frank said. “Funds can’t just buy bitcoin because if the funds just buy bitcoin, it’s not worth it for their investors,” Frank said. “Funds have to go out and deploy so much capital, and binance coin is one of those larger coins that they can get exposure to and they can put a large position in.” Coinbase direct listing’s spillover The Coinbase stock listing might be another potential driver of BNB’s gains. While Binance’s CZ has told CoinDesk that the company does not plan to go public, the token ecosystem might be benefiting from speculation over Coinbase’s value. A pre-listing tracking contract traded on the FTX exchange puts Coinbase’s share price at about $634, which would imply a market value for the U.S. exchange north of $160 billion. As CoinDesk reported previously, exchange tokens have skyrocketed since last year, sometimes traded as a crypto-native proxy for equity in the companies behind the exchanges, arguably the industry’s top revenue-getters. Another exchange token, FTX’s own FTT, has posted year-to-date gains of more than 800%, per Messari data. “By buying these exchange tokens, it may be a ‘buy the rumor, sell the news’ type of event, where things are going to run up so much in the next few days in anticipation” of the Coinbase listing, Frank said. As rewards go up, risks also increase Of course, with the extreme gains in BNB come major risks. Paramount among those, in a cryptocurrency industry where decentralization is prized, is that Binance is so centralized: BNB is owned and created by Binance, and the Binance team still owns over 80% of BNB, according to Mancini. It means that “there is a centralized authority to answer if regulators came knocking,” Mancini said. Contrast that with ether, which is fully open-source. “This regulatory risk can create a serious hurdle for BNB being listed on other exchanges, or being allowed to grow its utility on American or European soil.” Ryan Watkins, a research analyst at Messari, also criticized BSC’s centralization in a recent tweet thread, arguing that BSC is just a “copycat” of Ethereum. “The reason why BSC is faster and more scalable is not because of some magical technological innovation,” Watkins wrote. “It’s instead the magic of centralization. BSC is an Ethereum fork with a centralized validator set. That’s it, nothing more.” However, hedge funds or even average crypto investors might not care about that too much, at least in the short term, The TIE’s Frank said. “The average consumer just wants a good user experience,” Frank said. Meanwhile, “if you are a hedge fund that’s trading and taking small-term positions or small-term bets, you also care a lot less about decentralization risks.” BNB’s low-price strategy also might eventually lose its competitive allure. “Eventually everyone reaches 0% fees on trades,” Mancini said. “Although BNB offers cheaper trading right now, eventually that benefit will go away.”
BINANCE:BNBUSDLong
by UnknownUnicorn19246015
Ethereum $ETHUSD PT 2500-2300Ethereum is an open source, public blockchain that was created to address the vulnerability of personal data stored on the internet. The principal of Ethereum’s blockchain is to decentralize information stored on the web, competing against internet-based data warehouse companies, to protect internet-based data from theft. Ethereum is best known for its smart contracts, these being coded contracts uploaded onto the Ethereum blockchain. The information held on the Ethereum blockchain is, not only protected from hackers but also secure from manipulation. Unlike Bitcoin, Ethereum was not created to provide an alternative to fiat money, while Ethereum’s smart contract offering has made it the chosen payment source in initial coin offerings. Ether tokens (Ethereum cryptocurrency) are created to fund the Ethereum blockchain development and expansion. The idea of Ethereum was conceived by Russian – Canadian Programmer Vitalik Buterin and co-founded by Mihai Alisie, Anthony Di Lorio, and Charles Hoskinson. Ethereum was released on 30th July 2015, after Vitalik Buterin initially released a white paper in 2013. The total number of Ether tokens issued at the pre-sale was 60 million, with 0.2 per coin sold in the crowdsale, therefore, 72 million ether coins were issued at Genesis. 12 million off the 60 million ether tokens created in the presale were mostly distributed to early contributors and developers, with the remaining being held by the Ethereum Foundation. Founder Buterin was said to hold just 630,000 Ether tokens and factoring a reported sale, is said to own less than half a percent of total Ether tokens in circulation. The creation of each individual Ether token comes from mining, which is rewarded to miners in the blockchain verification process. The Ethereum blockchain requires thousands of users, called nodes, running Ethereum virtual machines that are able to execute smart contracts. Smart contracts describe software and apps developed over the Ethereum platform. Ether Tokens not only act as a fuel for the decentralized apps or software in the Ethereum network but are also used to cover transaction fees stemming from any change requests made for existing apps. The transaction fees are calculated based on how much ‘gas’ an action demands, which is equivalent to the amount of computing power and time to make the required change. Some distinct characteristics of Ethereum include: There are no physical Ether tokens, only virtual. There are only a finite number of Ether Tokens. While the creation of Ethereum blockchain and Ether tokens was not meant for an alternative to fiat currency, certain merchants and companies are willing to accept Ether tokens as a means of payment for goods and services.
BITSTAMP:ETHUSDLong
by BADQOMOCAWGOWLD
$LTC Litecoin PT 600 and higher, Long Term...Litecoin rose by 2.93% on Thursday. Following on from a 0.58% gain on Wednesday, Litecoin ended the day at $202.67. A mixed start to the day saw Litecoin fall to a mid-morning intraday low $194.14 before making a move. The morning pullback saw Litecoin fall through the 23.6% FIB of $195 before striking a mid-afternoon intraday high $204.95. Litecoin broke through the first major resistance level at $202 before a slide back to $196 levels. Steering clear of the 23.6% FIB, Litecoin bounced back to end the day at $202 levels. At the time of writing, Litecoin was up by 0.29% to $203.26. A mixed start to the day saw Litecoin fall to an early morning low $201.62 before rising to a high $203.74. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to avoid a fall through the $201 pivot level to support a run at the first major resistance level at $207. Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $204.95. Barring an extended crypto rally, the first major resistance level and resistance at $210 would likely cap any upside. In the event of an extended rally, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $211. Failure to avoid a fall through the $201 pivot level would bring the first major support level at $196 and the 23.6% FIB of $195 into play. Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level at $190 should limit the downside. Looking at the Technical Indicators First Major Support Level: $196 Pivot Level: $201 First Major Resistance Level: $207 23.6% FIB Retracement Level: $195 38.2% FIB Retracement Level: $163 62% FIB Retracement Level: $110
BITSTAMP:LTCUSDLong
by UnknownUnicorn19246015
2
REN REN to 10/10 LOL Daily ChartDaily RSI Support Zone Resistance Zone Target Price Comments 48 Support 1= 0.972 Firm Bottom = 0.084 Resistance 1 = 1.122 Keep playing the range. Adopt Buy on Dip Strategy (Neutral) Support 2= 0.088 Resistance 2 = 1.47 Daily Readings: Comparatively one of the new Crypto’s. Talking structurally it has one of the good structures in long term view. After such a strong start it is now moving sideways and is under correction. As long as it holds the Trendlines there is nothing to be scared of, yes if it breaches the Trendline the downside can be opened but for that the chances for now seem very low. On the other-hand breaking the falling channel resistance will open 1.47 breaking which would put the script to straight test 1.84-1.85 region once again. It will take some effort to break that said zone, once breached new highs are likely to be seen. Price action has breached HH – HL formation which indicates the strength will take time to gain momentum. Strategy: 1- Risk can be taken at good supports as Risk Reward Ratio on those levels are good. 2- Wait for break of resistance for Fresh entries. EMA 10 rests at 1.018 EMA 25 rests at 1.043 EMA 50 is at 1.006 which can limit fall, while breaking below this level will favor price to test the lower supports at 0.0972 and 0.088 region. This is where good buying support exits. On downside if Trendline is violated then we can see retest of 0.76-0.80 range. This is where on downside future course will be decided. Not Financial Advice, do your own due diligence and Slay your trading days!!!
RLong
by btcarchangel
BITCOIN LONG SETUPHello Guys, I think about BITCOIN Bullish. Key reason: Some bitcoin investors are watching General Motors closely in the wake of CEO Mary Barra's response during the company's fourth-quarter earnings call to a question about whether the automobile giant might accept the cryptocurrency as a form of payment. During the call, according to a transcript posted by SeekingAlpha.com, Jonas asked whether GM might follow other companies - presumably Tesla among them, although he didn't say so - in holding bitcoin to diversify its cash reserves or accepting it as payment for automobile purchases. CNBC reported shortly after Barra made her remarks that at least one automobile dealer was accepting bitcoin as payment for cars and had been doing so for several years. A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. Bitcoin had become a commodity, with many of the attractive hallmarks of gold, which investors often bought as a store of value in times of economic crisis. If you are happy to invest in gold, you can't really discount bitcoin Bitcoin jumps as Visa is reportedly said to allow payment settlements using cryptocurrency Visa is said that on Monday, it will allow the use of cryptocurrency USD Coin to settle transactions on its payment network. The report headline may be a bit of a stretch since this actually only covers USDC. However, Visa's acceptance of the stable coin in general - this one is pegged to the US dollar and runs on Ethereum and Algorand blockchain - is a positive sign for the rest of the cryptocurrency industry at least. Bitcoin Supply Reaches the Lowest Level in 3 Months According to the latest data published by on-chain crypto market analysis firm, Glassnode, around 45.3% of Bitcoin supply has not moved in the last 2 years, the highest level in 3 months. Institutional demand for Bitcoin is currently driving the price of BTC, but the latest dip in the supply of digital currency is making it difficult for organizations to accumulate the cryptocurrency. In addition to Bitcoin whales, crypto miners are not selling their BTC assets as the total amount of Bitcoin transferred from all crypto wallets of miners has dropped to the lowest level since December 2020. Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 Crypto Portfolio management: www.fiverr.com Thanks, Everyone
BITSTAMP:BTCUSDLong
by WahidFx_93
3
XLM / USD in 2021: Long term bullish trend Some keynotes from the internet: - XLM will rise as high as 19 cents by the time 2023 rolls around. - Coinliker takes a much more bullish stance on the cryptocurrency with an estimate of $3.33 in five years’ time. - Crypto Rating expects it to reach 46 cents in 2021. - CoinSwitch is among the more bullish with a Stellar Lumens price prediction of $1. - CryptoGround finishes up the roundup of price predictions with an estimate of 74 cents.
COINBASE:XLMUSDLong
by UnknownUnicorn9099782
BITCOIN | Possible Short-term BUY Opportunity!Hi, Happy New Year my dear followers, wishing you 12 months of success, 52 weeks of laughter, 365 days of fun, 8760 hours of joy, 525600 minutes of good luck and 31536000 seconds of happiness. ;) I cannot make any deep analysis but I determined a pretty decent buy area. After quite quiet holidays the price has reached to the possible short-term buy area. Green-short-term-reversal area consists of: 1. Channel projection 2. AB=CD 3. Fibonacci Golden Ratio 62% 4. Fibonacci Extension 127% 5. The round number of $7,000 adds a bit strength to the reversal area. 6. Previously worked support level. 7!! Wait for a bullish candlestick pattern. You can wait for it from 1H+ timeframes and if you cannot determine it then do not take this trade! Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
98
BITCOIN | Prepare for it, a possible short-term SELL opportunityHi, It looks like I can make another post before Christmas because my previous idea has started to work pretty nicely. As promised, I make an update if it happens and currently, the Bitcoin price has started to approach my mentioned key area ~$8,000. At the moment, we are quite far from it, actually not so far but still, we have time to prepare for the next moves. Recent price movements and recent price action criteria indicating that we may see SHORT-TERM rejection from the marked red rejection area - rejection from The Red Christmas House :) Set your alerts on. I like what we have seen after the bullish Engulfing on the Daily chart. We got that Engulfing-momentum which pushed the price a bit higher to the next milestone - above $7,500. Everything looks bullish but we might see and we can catch a short-term downward movement. Movement range should stay between $250 to $600 but you have to be prepared with alerts because if this current bullish move is serious then this short-term bearish move from the marked reversal area may be a quick one. Resistance criteria. As said the rejection may be a quick one but still, you should already know the most accurate movements you get after bearish candlestick patterns. The current situation should be quick and that's why you can search bearish candlestick patterns from the 1H timeframes. The Christmas House consists of: 1. Fibonacci retracement 38% 2. Fibonacci Extension 162% 3. Super-strong light-blue horizontal price zone should act as resistance. Multiple rejections to either direction from it. 4. The round number of $8,000 should play an important role inside the red short-term reversal area. 5. Minor black dotted trendline worked as support and now it should work as resistance and definitely, it adds a bit strength to the area. 6. Trendlines from the 2019 top. There are different types of trendlines from different tops that "run" trough the marked red area. They are a bit subjective, that's why they aren't on the chart but still, I want to mention it, you can try to drag them by yourself. 7. AB=CD. This is probably the most important criterion and it stays around $8,060. 8. Parallel channel projection. It runs a bit away from the crossing area but if the pump occurs today or tomorrow then we can count this as resistance but if the price reaches inside the marked area around 25. Dec. then it is not valid anymore - a bit late for parallel channel upper trendline to start to work for our favor. 9. Different types of EMA's. Weekly EMA 50 is just below the 8k, Daily EMA 100 and 200 are just above the 8k. EMAs are nicely inside the marked reversal "house" to add strength to the area. 10. Wait for bearish candlestick pattern formation. This time the move may be a pretty quick one so, wait for it from the 1h timeframe (obviously, you can wait for those on 4H because then the pattern signal would be stronger). From strongest to weakest: Evening Star, Bearish Engulfing, Railway Tracks, Tweezer Top, Shooting Star, Spinning Top. If you don't know them then Google helps you out! Trade execution Personally, I try to react immediately after the price has reached around $8,200-300 - do not try this at home because it requires a lot of knowledge :) If it doesn't reach there and if it has formed a bearish candlestick pattern around $8,000-$8,060 then I try to enter after it has shown a pattern - easy as that. As said on my previous idea post; trading is quite boring, determine the area and let the price action guides you into the trade. If it doesn't reach inside the marked red area then nothing will happen - no trade, no loss, no win and let's determine the next high-probability reversal area, plus here is a pretty high chance that you got knowledge from this post for your further trading plans! ;) Be patient! Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Happy holidays, Vaido
COINBASE:BTCUSDShort
by VaidoVeek
6
Russia’s emerging crypto businessThe crypto market in the Russian Federation is developing thanks to favorable conditions. There are several factors that may help to make this country the center of the crypto industry . Firstly, Russia is the largest country in the world as the total area exceeds 17 million square kilometers. Secondly, it inherited some of the largest hydropower plants after the Soviet Union dissolved in 1991. Bratsk hydropower plant is one of them. Another reason why it was a great idea to open a data center in Bratsk is weather, more precisely cold weather. The climate in Siberia is perfect for crypto mining as long, and cold winters help to reduce the costs associated with mining. This hydropower plant, as well as the aluminum plant located in the same city, which belonged to Oleg Deripaska. He is one of the richest men in the Russian Federation. He used to control hydropower plant along with aluminum plant through his company Group Plc and its unit United Co. Rusal. The U.S. imposed sanctions on Oleg Deripaska due to his ties to the Russian government. However, he reached an agreement with the U.S. Treasury. As a result, U.S. authorities canceled the sanctions against EN+ in January. En+, which used to belong to Deripaska, supplies up to 100 megawatts to Bitriver each year.
CRYPTOCAP:BTCLong
by Financebroker
IN THE TRENDPrevious post was spot on with our Targets. We have to remember alot of people were buying #BTC over 12k and have been waiting all year to at least break even. Alot of investors holding for that 12/14k breakthrough. This retrace meant is healthy for the market, Its had its run an now slowly running out of steam. We can look at the indicators that are very bearish, as we approach the support of the uptrend we have been in for 2 months to this date. Here we have a highlighted target zone where a long opportunity could be lining up, it could hold at 9.7 as predicted an especially with all the buy orders coming in. But we all know the long pay the shorts and the shorts pay the longs. A $300 Wick could play with structure support holding and its coming in with out support on the trend line. No one wants to be missing out now we have finally seen that 12k break. Alot of institutional investors will be looking at this opportunity along retail. Hope to see #BTC consolidate in this 9.7k & 11k region besides the wicks that may fall into our target zone. Getting support back inside this trend will show very healthy momentum and continuing the up trend.
COINBASE:BTCUSDLong
by xJns