Get started

Crytocurrency

BTCUSD fails...BTCUSD broke out of the consolidation area previously discussed, but the move to the upside was held by the downward trendline and the 38.2% Fibonacci retracement level (yellow dotted line). Although the bullish trendline has been broken, the upside for BTC is still anticipated, as long as the price stays above the support level of 28830. If BTC does break below the support level, there could be significant downside potential, with the next key support levels at 28000 (50% Fibonacci retracement) and 27300 (61.8% Fibonacci retracement).
BITSTAMP:BTCUSD
by JinDao_Tai
1
3 Days Waiting / Setup : Fakeout / Daily TF 📉 Have been waiting patiently for Shorts to Setup on BTC. I'm not totally convinced of this rally as you can observe. This trade is in anticipation that the Daily timeframe will respect the Daily and Weekly Levels in Between 28 to 28.5K. Although this retest of our Daily Level looks quite daunting, selling into strength shouldn't be too much of an issue because of the amount of orders at this level previously 28,300. It's worth a shot given the RR and the previous Weekly Engulfing Candle. I typically stick to scalping but this Fakeout Looks clear as day and so I have no issue risking some profits with reduced risk and attempting something different then the usual.
COINBASE:BTCUSDShort
by ShrewdCatfx
Weekly BNB Charts April 2023- December 2023trying to go from .236 too 2.466 then 2.668 to 2.466 thinking it will be a navarro 200 placed a long- with gan box- price and date--- manual harmonics; auto fib and orion strategy- with a profit adjusted to a factor of 119.223 target of 132 billion by august---the navarro 200 is likely going to finish by november. then go down for a couple weeks or maybe a month red I would assume...at some point. target date or finish is dec 4th 2023 56 billion dollar long
CRYPTOCAP:BNBLong
by mooncrest-holdings-ltd
FLOKI INU Breakout or Breakdown?This chart should tailor to both technicians and fundamentalists. For those new to the world of crypto and/or charting and my page: My bias when it comes to price action will always favor fundamentals. Thus, all my TA will be complimentary to the fundamental data of the asset (volume). TA, imo, is/ only should be used as extra confirmations to fundamental data/analysis. I am always happy to answer questions, debate views/ analysis, and learn from fellow technicians who are looking to constructively agree or add alternative views. Please feel free to comment/ ask for further explanations. -How to translate the chart- Price Action/Trading range: 0.000035-0.00004 will be our local support and resistance (red box), to which we are attempting to break the current downtrend and reverse into a breakout resulting in ~20% leg up/ test of 0.000045, if postive volume follows this leg up, we could press to 0.000049. Though, I find this unlikely after the recent pump, its also more possible than ever. Due to market psychology, fomo, and recent growth in centralized exchange listings, FLOKI definitely has the ability to make new highs (in respect to kucoins chart here, as DEX pairs have data back to September of 2021, refer to FLOKIWETH pair). Volume/ Confirmations of Bullish expectations: -OBV- *Neutral until confirmed* On balance volume looking to confirm a local bottom Our recent moves upward are being supporting with higher highs and higher lows. However, to confirm bullish sentiment and have a healthy breakout above 0.00004, OBV will need to break the local resistance line (red) Please remember, Negative volume balance shows weakness. It shows that the asset falls on high volume and reacts upwards on low volume. This indicates that investors are worried about not being able to sell when something happens, and also hesitant to buy on rising prices. -NET VOLUME- *BULLISH* Ratio is positive (More buys than sells over the measured timeframe) -VOLUME OSCILATOR- *Bearish* Currently indicating a rise in price, with decreasing volume over the measured timeframe My Long call derives from shorter timeframes (4hr, 2hr2, 1hr), however, those need to hold and the chart shown above will begin to prove out the trend reversal. If price falls out of the wedge on the daily, new local lows are inevitable.
Long
by CryptoDeFiant
The FTX Implosion (A brief overview)FTX Token (FTT) WAS a beloved cryptocurrency for traders with just under 30,000 total addresses holding the token. Sadly , over 3 years, grew to a market cap of over $3,000,000,000 USD. The FTX Token was proving itself useful for traders all around the world. HOWEVER..... FTX halted withdrawals following reports that it used customer funds on risky investments that left the crypto exchange in a deep hole. FTX has NOW filed for bankruptcy , which means anyone who can establish that the company owes them money will have to get in line to request repayment. How did it all unfold? - On 6th November; Binance CEO announced that he was selling his holdings of the FTX token (approx $530million worth). Alameda offered to buy the Binance CEO's share at $22 each, which saw the price fall slightly from $24 to $22. - 8th to 9th November; Binance went from announcing an intention to buy FTX (subject to due diligence) to stepping away from the deal, just hours of checking its accounts. Within the day, FTT cascaded from $22 to $2.36, as the SEC and CFTC begins its investigation of FTX and Alameda. - 12th November; Between $1 to $2 billion in funds from FTX customer accounts have gone missing, with messages indicating that FTX has been hacked. Currently - Bahamian regulators freeze assets of FTX. - Alameda is being wound down - FTX files for bankruptcy Unfortunately, this FTX implosion has reignited the call for more regulatory oversight in the crypto markets, to address the current systemic risks.
F
by JinDao_Tai