Quick Bitcoin and ETH UpdateHello Traders,
Here is the quick update on bitcoin and eth. KIndly check it out
Crytpotrading
ADA Cardano CAUTION Be Careful I wanted to post an update on ADA Cardano mainly for anyone who looks just to find vide3os of their exact coin they are investing in and or currently trading. I think that all too often people become overly involved and married to their ideas and or their one coin or stock and begin just looking at prices and point to BUY more and get their position DCA lower. This is all fine and dandy so long as you have an idea of what those levels are to watch for. when trading smaller priced coins in the cents people often just keep buying at each lower interval looking for it to just randomly stop at the next $0.01 cent down. Beware that this coin will begin most likely IMO dropping by 3-5 cents at a time from here should we lose this current level.
I also don't see a lot of well-balanced structure down below which is much the same for most of the crypto market at these current levels they are trading.
I'll begin trying to make more individual videos based on these popular coins being traded by the many newcomers to the crypto space in order to try and help bring some realistic expectations to their trading venture.
Hope this helps someone.
BITCOIN UPDATE ahead of FOMC this evening (GMT)3 possible fundamental scenarios that we can get from the FOMC meeting with my full perspective on the price action we are seeing from BITCOIN - remember extreme volatility is expected trade safely. RISK management is key.
Wait for the market to show you direction then react.
My fairy tail for BTC going into September and Q4Recently, Bitcoin and the crypto market as a whole have seen a solid run-up from the lows we experienced following the crash in May. In order to move towards $100K+, we need interaction with the bull market support band.
In September markets typically see some kind of retracement and in BTC's case I believe with the bounce we have received off the 20 day EMA, a retracement of 15-20% could tie in nicely with the strong levels of support in the $42K region, the 0.382 on the Fibonacci retracement(from the previous peak to low), and the 55 day EMA.
If we do see this pullback, the strong levels of support coupled with the bull market support band can see BTC find footing in the perfect spot for crypto investors. This can potentially lead us to gain momentum and see BTC reach a new ATH over the duration of the next 6 months or more.
I think the probability of a dead cat bounce in this scenario is less likely compared to previous crashes, BTC has been below the support band for 3 months in an accumulation zone. Previous crashes have seen numerous relief rallies immediately after provoking volatility, uncertainty and ultimately resulting in some form of capitulation. This period of accumulation seems to have more structure. This may be due to increased institutional investment and Wyckoff distribution, as seen through the recent peak being extended over months rather than a blow-off top and the recent accumulation area.
Let me know what you think.
Pancake Swap ($CAKE) Consolidating Before $14.60 TargetPancake Swap ($CAKE) is in a great spot to buy on the low end while it bounces between $12.80-13.55.
I'm looking to sell about 75% each time it hits $13.50 and then buy back in at $12.85. I like to have a bit of cushion as I've missed out on trades by pennies trying to get exact.
Look for it to breakout over the next few days to reach my price target and previous resistance around the $14.60 mark.
Reversal signals apparent can the bulls push through today?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
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