The Crazy Volatility Coin: Data. Preparing For Another Pump?DATA. Always pumping, sometimes dumping. We've seen such crazy volatility on this coin since it's listing. The price settled for a while, increased by 500% by the end of March and now seems to prepare for another pump. Don't try to go for 500% returns, and follow the example here for a casual 16% for instance :).
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
DATA
Every Time Bitcoin Flashed This Signal Since 2015, a Boom FollowBitcoin has been on an impressive run over the past few weeks, mounting past resistance after resistance despite a harrowing macroeconomic backdrop. Since the March lows of $3,700, BTC is up 150%, a stellar performance that puts almost any other $100 billion+ asset to shame.
Although impressive, Bitcoin continuing to set new local highs and holding above key support levels has allowed the cryptocurrency to print a confluence of extremely positive technical signs.This trend continued on May 1st when Nunya Bizniz, a Bitcoin chartist and analyst, observed that the signal that preceded some of Bitcoin’s most important rallies over the past few years has just been spotted again. Because Bitcoin’s value is largely derived from its network effect which suggests that the value of a good or service is directly related to the number of consumers, often on an exponential scale BTC has long traded in a parabolic fashion.
Just look to the asset’s chart, which is filled to the brim with parabolic rallies and parabolic crashes, much unlike the slow-and-steady price action most often seen with traditional asset classes like stocks and bonds.This has made the Parabolic Stop-and-Run Reversal Indicator (PSAR) a natural fit for analyzing Bitcoin, according to a recent observation by Nunya Bizniz. Referencing the chart seen above, he explained that in the wake of the six times this indicator has appeared in the past five years, Bitcoin saw “substantial upside.”
Such was the case at the start of 2019, when just prior to the 25% breakout on April 1st, the PSAR flipped bullish , marking the start of an over 300% rally. Similarly, the PSAR flipped bullish multiple times in the 2,000% 2017 rally to mark local highs and bullish continuations.
History repeating will see Bitcoin strongly break to the upside yet again in the coming weeks. Accentuating how strong this sign could be, Bizniz rhetorically asked: “Can this be interpreted any other way than bullish?” Yet the PSAR flipping bullish is only one sign of many indicating that Bitcoin may soon benefit from a longer-term bull trend.
For one, Bitcoin’s strong rebound in April saw the cryptocurrency close its monthly candle above a key level of the Ichimoku Cloud on the one-month chart.
This is relevant for BTC because the last time Bitcoin claimed this technical level was in early 2016, when the cryptocurrency was trading around $500 and prior to the 4,000% rally that brought the cryptocurrency to $20,000 just 20 months later.
Adding to this, one trader noted that the leading crypto recently broke above a rising wedge formed from March’s lows until now. This is the exact same pattern hat marked the start of 2019’s bull run, which brought prices from the $4,000s to $14,000 in three months’ time.
Streamr DATAcoin Fib. Support & Resistance Levels MappedStreamr DATAcoin (DATABTC) was one of the first altcoin pairs to move strong and print over 1,300% in growth back in November 2019.
After a retrace and almost 4 months of consolidation, DATABTC has gone bullish once more.
On the chart above, you can find the Fib. resistance and support levels for DATABTC.
Looking at how this chart is developing, DATABTC can enter a sustained uptrend.
This is not financial advice.
Thanks a lot for your support.
Namaste.
DATA / BTC — Reversal TradingConsider DATA is bearish now.
Reasons for this is just 2 reversal patterns, which occurred on the chart these days:
Rising Wedge — 67% probability for breaking down
Head And Shoulders — 80% probability of breaking down
H&S still under development, so don’t take unnecessary risk here.
Wait for breakout and take profits on the levels below.
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DATA/BTC Bear Flag Update is short Time Frame#DATA/BTC Bear Flag Update:
Current price of DATA/BTC is 678 Satoshi.
#DATA Now Looking Bearish but Now we can see one Spike upward side before downside.
So keep in mind bellow point-
Support: 601 Sat
Target: 785 Sat
SL: 650 Sat ( if open Long)
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LONG - DATA - Trading OpportunityAfter BINANCE:DATABTC insane pump a few days ago, an ascending triangle formation seems to have taken place, while the volume slowly decreases we might see a last hurrah pump.
This is quite a risky trade so take that in consideration for position size.
Entry: 0.00000471
Target 1: 0.00000596
Target 2: 0.00000725
SL: 0.00000429
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Streamr DATAcoin Perfect Ascending TriangleThe "ascending triangle" is a continuation pattern and bullish in nature.
Here can see where the Streamr DATAcoin chart (DATABTC) printed a perfect ascending triangle that produced a bullish breakout.
When you see this pattern, the bulls are in favor.
Namaste.
DTA-BTC (Data) Enter now before it's too lateData is one of the coins to show some movement after being asleep for quite some time.
Current market rate is indisputable and the best position you are going to get.
Currently we are at the bottom with signs of forward momentum and a candle boasting over 200% - There is sooo much more to come.
Let's profit together while this coin pushes to be one of the best investments for 2020.
Just 1m coins at 0.0000004 will fetch you about 83$/pip
Let's see what happens and send this coin to the moon.
Buy now while you can.
DATA ANALYSIS (UPTREND BROKEN! FURTHER DECLINE INCOMING)DATA ANLYSIS:
DATA has recently been on a free fall back towards support. There was a short term uptrend that was also broken. The trend was retested and rejected, now only hanging onto the 200MA. It is expected now that DATA breaks the 200MA and dips back to support near 85-115 sats. This is a great buy entry for long term targets of T1 at 177 and T2 at 192. Breaking thru those two points would be very bullish and a sharp rise may come following that break. For now, look for 160 sats to break down back to support and look for a proper entry!
Possible Entries: 85-115 sats
Data BooM! (+262% Today)And here we have another BooM! today with Data (DTABTC) producing a strong 262% candle... It is easy to see here on the daily timeframe that this is only the bottom and there will be so much more growth.
First, prices moved from All-Time Low (yesterday) to EMA300+ (0.00000010/11).
Prices for DTABTC are now trading above EMA200 and MA200, as well as the shorter EMA10/50/100.
This opens the door for very strong bullish moves like what we are seeing with STEEMBTC, STRATBTC, DATABTC, NMRBTC, etc.
You can visit my profile to find all these: www.tradingview.com
The MACD is just starting to curve and the green arrow shows what comes next...
We are looking at 500%+ if prices for Data move higher than April's 2019 price peak.
This is the last BooM!
Thanks a lot for your support.
Namaste.
Streamr DATAcoin BooM! (+185% Today)Streamr DATAcoin (DATABTC) just made a huge move and I was wondering if the same will happen as back in Nov. '19... We had a 593% daily candle.
The trading volume is really high, as high as "bull run" volume and the same magnitude we saw late last year.
There is a big chance that DATABTC will produce massive gains once more... Here is my previous chart:
Feb 13 | Streamr DATAcoin Short-Term | 131% Mapped
Thanks a lot for reading.
'
Namaste.
Streamr DATAcoin Short-Term | 131% MappedWhat you can see here is a falling wedge, a bullish pattern, so we have a bullish breakout with all major resistance levels being conquered, only EMA300 (grey) is missing.
EMA300 is right now at 0.00000239. Once this level is conquered, you will see massive growth for DATABTC (Streamr DATAcoin).
This can happen right away (1), just as there can be a retrace (2). If a retrace does come, the next bullish wave will be even stronger (3).
Namaste.
Data reached a good buyzone in accumulationHello there, this is our view on DATABTC, enjoy!
Analysis:
-On chart:
Volume breakout of a small bear flag, near the top of a falling wedge and facing the potential breakout of a major downtrend. Good accumulation after dump and pump; also moving inside bullish disjoint angle (you could count waves by yourself). SMAs formed multiple golden crosses on short lengths, while 50-200 is still bearish; same for EMAs, but 50-200, which are forming a golden cross. Price now retesting weighted moving average 200, it may be a trial for a bull run (on h4, just a simple daily pump for most of us). Recently attempted to run above upper band, but it was rejected, now reaccumulating in the range mid-up, this will be obviously bullish unless we see breakdown of the middle band (this is the scenario we're hoping for as we could buy the cheap dip). Ichimoku is extremely bullish too, we're running far above the cloud which has just turned bullish, so we might see a retracing soon according to bollinger bands and wma 200 previous forecast.
-Technicals:
Some oscillators are slightly bullish: money flow, rsi and ultimate formed bull divergences from oversold, while chaikin and stoch (14,3,3) formed bear divergences and now are looking for the support trendline from oversold. Macd a little bearish, while awesome states no momentum at all; macd also just about to form a death cross, in that case we'll buy below current support (165).
-Nb:
Volumes coming in!
Strategy:
If 1. drops below stoploss, then try 2.; target is the same
1.Entry (long): 165 - 161 - 153
Target (short-term): 170 - 179 - 200+
Hodl: 213 - 239 - 300+
Stoploss: below 151
Risk/reward: ~4.00
2.Entry (long): 145 - 140 - 126
No stoploss for the dip
Warning: very volatile. We suggest you should adopt a thorough money management for this kind of trade!
Trade safe, Anlvis.
Apple’s panic, German disappoint, inflation dataThe main event of yesterday, which set the pace for the dynamics of the main financial markets, was Apple's announcement that the company was unlikely to be able to achieve its sales forecasts. The reason is, of course, the coronavirus epidemic in China. The news, in general, is obvious, but since the madness of total optimism has long owned the markets for a long time, investors did not want to face facts to the last - China's problems are problems of the whole world. And Apple essentially stated this.
Against this background, gold rose above 1600. However, we recommend buying gold for a long time and persistently and so far do not see any reason to change the vector. We note that the yen continues to remain in place. Although given the disastrous GDP data that we talked about yesterday, this is not strange. Nevertheless, sales of the USDJPY pair continue to be a promising deal, at least until it is below 110.20.
The epidemic, meanwhile, continues. According to the results of yesterday, +1900 newly diagnosed and about 100 deaths. So, although the growth rate of sick and dead is decreasing, it is still high enough to restrain China in its attempts to return to a full recovery in economic activity.
Another unpleasant news yesterday was the publication of the ZEW expectations index for Germany. The data came out extremely depressing: +8.7 points with a forecast of +21.5 points and a January value of +26.7 points. The largest economy in the Eurozone is rapidly following Japan towards a recession. For the euro, this was another blow that sent the single European currency to the lowest mark since 2017. In general, the euro situation looks worse than ever, so we continue to sell EURUSD, EURGBP and EURJPY pairs. There is still much to fall.
Data on the labor market in the UK came out pretty good yesterday: employment was higher than expected (+180,000 with a forecast of +148,000). In addition, the pound was supported by the new Minister of Finance of the United Kingdom, Rishi Sunak, who announced that he would submit the budget, as planned on March 11. Recall that the markets expect him to expand government spending and investment. Overall, pound purchases remain one of our favorite trading ideas. But when buying a pound, do not forget about the key risk for it - news from the fronts of trade negotiations between the EU and the UK.
Today, in terms of macroeconomic statistics, it will be interesting for inflation data for a number of countries, including the UK, the USA and Canada. Markets are now extremely vulnerable to inflation statistics, as rising inflation will be a signal for central banks to curtail ultra-soft policies.
DATABTC formed bullish Gartley | Upto 24% expectedIt Moved Up More Than I Was Expecting:
I posted an idea on DATA with Bitcoin pair on 5 Oct 2019 here the price action was moving within a down channel and hitting the support of this channel the volume profile of complete channel was showing very low interest of traders at support and the price action found the support at 0.00000427
price action found the support at 0.00000098 within this channel the RSI was oversold and MACD turned strong bullish and Stochastic gave bull cross from oversold based on these indications I predicted that the price action will give upto 237% but when the price action took bullish divergence it was more powerful than I was expected and it produced 1025% very very huge gains below was the post:
Another Bullish Pattern On Short Term Chart:
Now this time the pricline of DATA has formed a bullish Gartley pattern on very small 2 hour time period based chart and this would be really good opportunity for DATABTC day or short term traders.
The pattern is driven as below:
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect a bullish divergence from this level very soon.
The Buying And Sell Targets:
As per this harmonic Gartley pattern the buying and sell targets should be:
Buy between: 0.00000193 to 0.00000181 sats
Sell between: 0.00000203 to 0.00000226 sats
So this very short term trade has potential to produce upto 24% gains.
What Should Be Our Stop Loss:
The potential reversal zone area can be used as stop loss in case of complete candle stick closes below this level.
I will be keep posting more potential trading ideas for educational purpose on different assets as soon as will receive any trading signals.
Streamr DATAcoin Long-Term Targets (618%, 1040%, & 1689%)Here I am showing you the long-term chart for Streamr DATAcoin (DATABTC). We wanted to show you the daily chart but it is messed up after the long-wick in November 2019.
Here is how the chart looks before that (1300%+ move) happened:
On the main chart above you have the long-term targets for DATABTC. The indicators are bullish, EMA10 is being conquered and green volume is going up.
This is just a friendly reminder... Make sure to have a plan before buying into any trade or call.
This is Alan Masters.
Thanks a lot for your support.
Namaste