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Crytpotrading

SXP AUD heading towards its Support lineOn an hourly chart, SXP shows an upward trend. It has already touched its Resistance point at 5.3 and now moving down. Mostly it will come down to its usual support level close to 4.18. If it does, then my entry will be close to 4.3 with stop loss at 4.083. At its first Resistance level look for a profit of 10% and if breaks R1, then get ready to bank additional 9.4%. Overall potential profit range is 10 - 19%. Expecting it to come closer to its support line in 1-2 days. Note: These are my personal notes and in no way financial advice. Do your own research before trading
SLong
by Manjyot
2
ETH breaks flag pattern to increase momentum northETH has been very closely correlated to BTC in recent months and it appears to be slightly lagging behind the strong moves and breakouts that Bitcoin has presented. ETH remains a strong favourite to retest previous structure highs in and around 2042. Swing traders had an excellent trade recently after a clear reaction from the 382 Fibonacci level triggered the bulls. We took this north through resistance and look for further breaks above 2000. What also gives us further confidence in this is the confluence on the 382 extension which matches up perfectly with the previous high. However, 382 fib predicts a 618 extension..... Buy those dips and wait for a break before going north.
COINBASE:ETHUSDLong
by Youza
EBON crypto mining machinesWith all this crypto hype, mara and riot rallying to new highs, and BTC continuing its bullish rally, what can we look at that is still cheap and related to these big names like Mara and Riot? ..... Well thats where we have $EBON, a chip design company and a manufacturer of high performance bitcoin mining machines. Now with BTC rallying to new highs this a blockchain stock to 100% add to your WL! Now from a TA standpoint $EBON is currently retesting a multi month downtrend and is looking primed to breakout and start its reversal back to ATH! Keep an eye on volume if we break that downtrend resistance and that will give us a confirmed sign of reversal. Now we have er approaching soon so any long term option contracts I will hold off till then and play the crypto hype short term w/ the ER run up. Key Levels: Support: 5.75, 5.21, 4.69 Resistance: 7.20, 7.92, 8.66,10.90 Ways to Play This: 1.Load shares and possibly sell covered calls 2. Enter on the breakout of the downtrend resistance line with month out option contracts 3. If we see a pull back enter on a dip (5.30-6.17) load zone (options or shares) Option Ideas: extremely high IV on these tread carefully here Leap strikes are being added so possible 1/2022 Calls on this 7.5C 7/16 2.90 (Medium Risk: High Reward) 7.5C 3/19 1.88 (High Risk: High Reward) 10C 2/19 .30 (LOTTO)
NASDAQ:EBONLong
by jUiCE_Trades
5
Litecoin A formation of long trend?We can see a long trend beginning to form with lite coin. Whilst many speculate over potential sell off/market dump soon to happen to the main stream alt coins, we believe the new drawn attention could see some of the major players take on a bull run. In the event of an extended breakout and the trend continuation, Litecoin could test resistance at $170. The second major resistance level sits at $165.11. Failure to avoid a fall through the $148.38 pivot level and the 23.6% FIB would bring the first major support level at $141.77 into play. Barring another extended sell-off, Litecoin should steer clear of the second major support level at $131.65.
BITFINEX:LTCUSDLong
by Orion-Markets
BCHUSD - Prefer to short now!!a friend of mine text me via what'sapp to ask me to see BCHUSD. And here is my view about this crypto First, you all have to know that BCHUSD is in a large consolidation area. And showing to us a false break few days ago. So, my expectation to this crypto that it will go down later. We still see price trying to rise up but sellers potentially against this up movement and make price down. So, in my thoughts, becoming a seller now is more preferable. Happy trading -Jee
BShort
by Jee_D
1
Bitcoin in 2020 near $20,000 again This year has seen a massive resurgence of crypto optimists. The 3rd halving that happened in May propelled investors into the market and the COVID-19 pandemic trashing the economies only added more credit to crypto currencies as an alternative investment to FX. The end of the year became similar to 2017 scenario as everyone jumped on the bullish train. The biggest news comes from the governments and Investment Funds around the globe showing more and more interest in crypto’s and taking direct steps to capture the market. China has seized £2.48 billion in Bitcoin as the nation continues to build its mining capacity and the recent move could allow Beijing to "dominate the global economy" of the future, according to crypto pioneer Max Keiser. They have done so through South Korea mining exchange and are giving clear signs that the Chinese government is seeing the potential of Bitcoin to destabilise the status quo of the US dollar. China is currently leading in Bitcoin mining, using cheap renewable energy and the vast resources to capitalize in this booming market. Effectively, China could already own 1% of all bitcoin on the planet. US Secretary of Treasury Steve Mnuchin is planning to make a new regulation regarding self-hosted crypto wallets according to reports from the White House. The Guggenheim Funds Trust, which has around $300 billion in assets, will invest over half a billion US dollars into GBTC (Grayscale Bitcoin Trust). They will become the largest company to date to buy Bitcoin. Grayscale Investments has $10.8 billion in cryptocurrencies under management, they are the world’s largest crypto asset manager. PayPal is now including crypto’s into its buying and selling options. People like Jack Dorsey, Paul Tudor Jones and other big names are putting more and more trust into the future of cryptocurrencies. Looking at the weekly chart of Bitcoin, we see great technical momentum reaching its peak point. This move was expected this year based on the 3rd halving that happened in May, signalling another jump in prices. The strength of the cryptocurrency market was demonstrated this year as even the global pandemic could not shake off the astounding trust investors have in crypto’s. The final push came from PayPal announcing Bitcoin buying and spending services. Now that governments are piling in as well, it only adds more fuel to the fire. A break and retest of the massive symmetrical triangle took us all the way to all-time highs and price is now consolidating before the next move. It is a welcome correction, giving us more content for proper analysis. Price pulled back around $3000 in a matter of hours, creating a big spinning top candle on the weekly chart, signalling consolidation even more. This correction was equal to $50 billion in market value of world’s cryptocurrencies wiped out. But price is nearing highs again over the weekend. Currently it could result in a bull trap, but traders appear cautious, it seems that maybe investors learnt from the 2017 boom and bust. Comparison to 2017 A serious case of déjà vu this year. In 2017 this is exactly how it started. A massive boom in November and all the way till just before Christmas saw Bitcoin price hit $20000 mark. The concern this year is that we are already close to the all-time high, so before Christmas profit-taking begins, we have enough weeks to make new all-time highs and then collect the reward. According to some industry specialists, current consolidation is a cool-off period necessary to make new highs before the year ends. Personally, I believe that we are entering an interesting period with economies being hit right, left and centre, but the stock and cryptocurrency markets showing the strongest rally. The Roaring 20’s of the last century had a similar flow to them. The dichotomy between cryptocurrencies and fiat currencies is greater than ever before. 2020 pandemic hit on the global economy shook an already fragile and heavily indebted financial system. Central Banks have been busy printing money, creating ripples for future inflationary problems that could be insurmountable. The current financial system has been circulating the drain since 2008 crash, and without radical changes, a fatal outcome is inevitable. This is where cryptocurrencies come in to potentially fix the system if the ruling parties find a compromise on how to regulate them. This is great news for all crypto investors since currencies like Bitcoin are here to stay. This will involve a lot of volatility, but long-term projections are certainly positive. Please support the idea and share your thoughts on Bitcoin! Good Luck and Stay Healthy!
BITSTAMP:BTCUSD
by Antonio_trader
4
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. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
BITSTAMP:BTCUSDLong
by CryptoRush_