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Riot Blockchain: Weekly RSI illustrating attractive Risk-Reward?Riot Blockchain has been punished harshly over the last few months. Its common knowledge that Riot is closely correlated to both Tech Equities and Bitcoin. It is also effected by Crypto mining sentiment and macro factors. With this in mind I believe that this stock is greatly undervalued. I believed it was undervalued at $11-12 but macro-economic factors have distorted this: Central Bank Raising rates; Ukraine-Russian War related Supply Chain Problems; Inflation caused by Supply chain disruptions: War profiteering from Oil companies keeping supply lower than needed. Between the ranges of $3.60-$4.80 is the ideal accumulation zone. Many holders have a cost base higher, including myself. Due to rapid growth in the companies mining capacity, which is accelerating into the start of 2023. The company is significantly undervalued from a fundamentals stand point. The Daily RSI attractiveness is in a similar setup, to the multiple sub 30 RSI tests in 2018. A time period that was also a Bear Market. 1) Be greedy when others are fearful. 2) If you believe in a Companies business and promising future outlook. Don't let a bear market discount be the reason NOT the DCA. Even as the stock has been trashed recently, the fundamentals have not changed. 3) The fundamentals are the strongest in the mining business. With huge mining capacity coming online over 2022 & 2023. >>> Eyes on the Medium to Long Term<<< Just one swing traders opinion, not financial advice.
NASDAQ:RIOTLong
by FortunaAlgoAnalytics
#BTC AT ITS CRUCIAL SUPPORT, WHAT ARE THE NEXT 2 ?Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. As we can see BTC again dumped and currently trading on a crucial support level . BTC needs to hold and close above this support level to recover upwards. I think Btc can still come up to $27200 or $26750 if it bounces from here then altcoin will bounce Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
4
Sol To Support DeFi, NFT, And GameFi In South Korea With A $100MSolana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the Terra network after the terrible crash. The Terra Network crash caused a lot of pain in the crypto community. One of its results was that the South Korean government suddenly set up measures to examine crypto exchanges. According to a report, up to 280,000 crypto investors in South Korea lost fortunes in the UST & LUNA plunge. But, many retail investors are trying to hold down the fort even though it’s difficult. The two players to seed grants and investments across Web 3 verticals are Solana Foundation and Solana Ventures. They will focus mostly on South Korean game development projects. This funding attempt will place Solana side by side with competitors such as Avalanche, smart contract platforms, and Polygon. These competitors are also interested in winning Korean crypto developers. No one knows the number of Terra developers that will return, given the recent crash. But as the Solana Foundation noted, the developers shouldn’t be blamed for the Terra network crash. This opinion came from Jonny B. Lee, the general manager of the foundation.
FTX:SOLUSDLong
by Anthony123111
ETH- Insight on the current Ethereum situationHello traders, As you can see, today we re on eth, and because it correlate a bit with BTC, you can combine this analysis with my previous one (even though some volatility may differ, with ETH being more volatile) Anyway, so we can notice a drop, and it might go until 4 different objective : - 61.8 % at 1762 - 100 % at 1665 - 123% - 127% at 1610/1590, which is a relatively strong one I will leave your with screenshot of how I made up this analysis with the Fibonacci tools, and go play around with the chart in order to understand how I am reasoning. . . BTW, I made a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way, Contact me in private, or in comment if you don't have enough reputation point if you are interested . . Don't hesitate to comment and check my other ideas
FTX:ETHUSDShort
by ModTrades
Amazing times for a Bitcoin investor!I believe we are in amazing times for accumulating BTC, provided you have a long enough time frame. I'm thinking 5-10 years at least. Dollar cost averaging has been far more successful for me than any type of trading, and it takes far less of my bandwidth and time. My strategy has been really simple: when price is within the yellow box, I purchase 5$/day. When price is within the green box, I purchase 10$/day. And when price is below the green box, I load up with what I can afford! Additionally, I've been placing limit buy orders at low levels, and doing 15-20$/day. These numbers are what I can comfortably afford, and more importantly, what I can afford to loose. I don't get concerned with price fluctuations, as long as price is within my colored zones for buying. Whats more important to me is making the effort to buy a little bit each day. Sometimes life gets in the way (family, career, hobbies, jiu jitsu, etc), and I don't make the time each and every day. But the vast majority of days I can make the time. I've been so excited lately with the price of Bitcoin! It could drop even more (and probably will) and I'll be even more excited because I'll dollar cost average my price down even more! HODL my friends!
COINBASE:BTCUSDLong
by dsteaves
Historically LTC Surges, 100% of the time if this Pattern Occurs>>> LTCUSD note: Since the middle of 2018, Litecoin - USD 50 Day SMA average has inverted upwards 8 times. The 8th time is occurring as we speak 7/8 times this has Chart Pattern occurred, it has been followed to a rise of LTC against USD . Will this be the 8th repeat?!? >>> LTCBTC note: Since the start of 2017, Litecoin - BTC 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak. 11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC . Will this be the 12th repeat?!? Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with my other reasoning in previous posts, is further confirmation that we will see the predicted rise in the next few days/weeks. Hold the Line.
COINBASE:LTCUSDLong
by FortunaAlgoAnalytics
KLV Long 🍒*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== Today marks 12 months since my last KLV chart... Looking prime to ride. My strategy remains the same, long-term hold. Using naked price action analysis: 🔸 ATH , Volume , support / resistance zones, channels and levels 🔸 For Trading: Suggested Entry, SL & Exit points are my theory only. 🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way on dips only. As always, watch for volume . Do your own research, check on-chain data. Always be watching BTC . NFA . Good chat.🤖 My last KLV chart:
Long
by CryptoZani
1