DCA
ETC buy zone is hereThis idea is crafted with a bullish mid term mindset, trading spot / 2x leverage with DCA implementation.
I am entirely aware if BTC breaks below 40k, it is likely that alts will be unpredictable. I am not considering this scenario in this idea.
ETC has been consolidating for about 210 days from its 183 ATH in may 2021.
My idea is that these levels marked 1, and 2 on the chart are a good place to accumulate based off BTC showing strength pushing 51k today.
Indicator wise, we have been reaching rock bottom RSI levels and deep momentum waves marked as blue boxes, both today and September 2020 have levels this deep.
You can see this was a relatively safe buy zone as ETC rose 3600% in the coming 200 days.
I have also marked an ABC structure coupled with a FIB from the top of the A wave and bottom of the B wave.
This would give an approximate secure profit level at somewhere around 170-260 USD.
It's entirely possible to retouch level 2 at around $17 if we saw BTC drop to 42k before pushing further upwards.
Bitcoin BuyZone Added RangesHi to all my HODLers,
Anyone that has followed me knows I've been publishing when is good time to DCA into #Bitcoin #BTC. This 4th BuyZone is not over anytime soon.
I was wondering what was the range for each buyzone. Basically what was the range between the low and high in the BuyZone.
Here are the results:
1st BuyZone range was 198%
2nd BuyZone range was 105%
3rd BuyZone range was 170%
Currently we are in the 4th BuyZone. Currently we are only at a 70% range. we have another 30-100% that can be added to this range if history is any indication?
I will be watching for many months to come. Speaking of time. Here is how long each BuyZone lasted:
1st BuyZone lasted 390 days
2nd BuyZone lasted 178 days
3rd BuyZone lasted 137 days
4th BuyZone currently is 38 days
We still have anywhere from 100 to 352 days to go. Hopefully the former :-).
Stay strong my friends
~S
ETH Most likely scenario, 3 Very possible and accurate TargetsThis is in my opinion a very likely scenario of happening with about 30% chance of hitting target 3: i would say 50% of target 2. and 20% chance of we have hit bottom at target 1, and that accumulation phase could have started from here. Of courses these % chances are just my estimations, Even tho it may look like we been capitulated, knowing our past Capitulation candles and Recovery, and volume we haven't seen that yet. "Not a Financial Advice" But slowing DCA at these levels down to target 3 it's probably the most safe way of trading. hope i can help those who can get liquidated but don't know how low ti can go. i have adjusted my Liquidation Prices based on my analysis and others that i see online. remember that at the end of the day rule most important in trading is not to loose money !Protect your assets always.
When to DCA into Bitcoin?I've been critical of people DCAing blindly into Bitcoin during the initial drop. The reason is because I don't think one needs to use super fancy Technical Analysis to find the obvious level price wanted to go (the prior 2017 All Time High). Price often likes to find these levels and respect them (at least for a time). At that point... you can buy more Bitcoin at 20k with your Dollars.
Personally I am not buying yet. My thesis has remained the same from November 2021 that Bitcoin will retrace off the All Time High from 17k - 10k through 2023. Several data points about major liquidation points have become known to me during this bear cycle that confirm that thesis. Many investors I talk to remain confident and solvent. Unfortunately, it is the nature of market cycles that only broad pessimism marks a bottom.
Disregard The Noise. XRP Will Eventually Pump. Bulls Load Up.First things first, I'm not the biggest fan of this centralised thing called XRP.
I don't like the propagandists on YouTube spreading rubbish like "XRP TO 10K, 25K ,50K, 100K" ", The Great Reset " etc..
But feelings don't matter here, and as my mentor repeatedly says - "Emotions man, A Money Killer"
Since it hit 10 cents during the March 20 sell-off, price then rallied 1800% to $1.96, the "Great Sell" then printed and price has since corrected 85% to 29 cents.
XRP never rallied again like the rest of the market, nor did it go on to make a new high like the rest of the top 10 coins, mainly due to the whole SEC saga, which I'm sure everyone is aware of by now.
Price currently hovers in the Fibonacci Golden Pocket, big Volume Profile can be found between there and the 0.786 fib level (19 cents)
A conditional "Incredible Buy" prints along with 5 bullish oscillators. Stochastic Oversold.
Long term Bulls should now be dollar cost averaging into their positions.
Buys from 17 - 19 cents would be excellent.
Can price drop further? Absolutely, I don't try timing tops or bottoms. Market sentiment is extremely bearish.
The financial system is unfathomably complex, and no one, the Fed included, can prepare for every possible scenario as it embarks on its most ambitious Quantitative Tightening program to date.
How will this affect cryptocurrency? Only time well tell!
XRP has a strong supporter base and I believe over time, Ripple will continue to nab customers from the 10,000 financial institutions that Swift has on the payroll.
Good Luck!
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
No Bearish Volume WEEKLYJust to check again, after this month's CPI report, I looked at the Weekly chart & there's STILL no Bearish Volume. Whales are accumulating HODLing & REMOVING coins from exchanges. If you DCA NOW might be your chance to get your stack however you do so, whether through a shopping app, exchange or P2P. Not FA, but if you ever want a whole Bitcoin now is your chance. Should you wait for lower? Perhaps if we've blasted through 28K support below 2020 levels we may see lower. Will you DCA at 20K? 15K? Or will you flee back to the safety of dinosaur dollars?
#BTC daily outlookWe are given 3 scenarios in the Daily chart and all of them include a rebound of some sort obviously , but what is interesting is the levels we can get with them.
1st scenario - Rebound on the top of the last known demand zone, dating back to DEC 2020.
2nd scenario - Entering a range in that demand zone and finally leaving on the upside.
3rd scenario - Ranging in the last demand zone then leaving on the downside towards the 20k level. Not really a good thing, as many institutionals might cut off or be forced to cut off part of their investments, causing further selloffs . This is also a place where a lot of stop losses are found, so more sell pressure.
Fun fact - El Salvador has an average entry price of around $43k.
Fundamentals
- US CPI stayed high despite expectations of a slight drop, causing a selloff in the stock market and of course crypto.
- Investors are wary on how the FED will tackle the still increasing inflation
- US inflation hasn't yet peaked
- EU - Ukraine tensions still present
- Markets in ASIA are down aswel , people getting out of the latest lockdown.
Key note: This isn't a time to panic, this it the time where you take your pen and paper and note your DCA entries.
No Bearish VolumeShort & simple. No, I'm not your bitcoin support group leader. Yes you could be buying at these levels & even at 20K but that's none of my business. What I noticed since looking at the Monthly BTC Chart is that there is no bearish volume to cause real fear. Again, I've been doing this since BTC $800 so BTC 10K doesn't bother me either. Make your own choice but adoption happens during Bitcoin "Bear" markets & we've seen adoption from a few countries around the world. Zoom out & have a nice Memorial Day Weekend.
whales manipulating bitcoin to the down side being sneakywhales manipulating bitcoin to the down side being sneaky
Heres how they are doing it:
They are buying bitcoin, etheum, etc in very small increments so trades are not noticed and retail can capitalized on it by selling into spikes.
Then they keep acculating until they see retail coming in to buy when fomo comes in
As soon as the algos determine they have enough retail suckers trapped the dump all there buys all in one shot causing retail to panic sell at a loss causing prices to plummet.
Then they buy the dip and slowly accumulate and start all over again all while maintaing lower prices as they go to not allow long term holders to regain there losses. if retail tries to catch up they will eventually run out of money or sell at a loss.
Brilliant.
What to do? Dont short term long trade. Its a waste of money and time since retail dont have market manupulation money like whales have. Only thing to do is buy on dips by dca and hold until bull cycle returns in 3-4 years. And hope fed starts printing money before then to keep cycle going. Lets see what happens.
UAA, bullish retest falling wedge. Under Armor, a stock I have been watching closely.
Multi-year falling wedge breakout and retest. Volume is screaming capitulation coming into 07 high of $9.28.
RSI on the macro TF'S are oversold so I am very interested.
Trading at a lower P/E ratio than peers in the sports brand sector.
10 SMA tracking sideways indicates a sideways moving market and we are certainly at the lows of the range ($7.15-$27.5) so slowly nibbling into weakness is the way I'm playing.
Initial targets of the 10 SMA lining up with the eq of the range at $17.30.
I'm not really a big harmonic kinda guy but we have a bullish shark in play, SL-$5.97 TP1-$16.41 TP2- 26.19
BTC BULLISH !! Bitcoin DCA. WHY NOT Everyone is very bearish on BTC and the markets ( It's normal as we have the world right now ) but why don't we think otherwise ? What do you think?
After a big loss of its value ( -60% ) It's time to make a Buy, don't you think? Let's not forget that after breaking the SUPPORT levels ( 30,000$ ) the structure has already changed to a Bearish Phase, so all the purchases that we make, are either to take advantage of HIGH volatility rebounds or for the HOLD lover, DCA purchases. Best of luck to ALL.
CRYPTO.COM A POTENTIAL GAME CHANGER!Festive Greetings to all.
Today we consider the trading pair CRO/USD
To start off, we will first look at the fundamental side of things.
FUNDAMENTAL ANALYSIS,
Crypto.com(CRO) is the next generation decentralized mobile payment protocol, the most efficient and secure way to pay and be paid in crypto, anywhere, any crypto, without fees.
Crypto.com Chain will deliver on its vision by developing innovative technology components and processes (inc. scalable encryption algorithm to protect users’ privacy, utilizing trusted execution environments, sustainable price stability mechanisms, user protection via PoGSD) catered specifically to cryptocurrency payment, while leveraging proven blockchain technology structural design elements.
Use cases included, but not limited to;
Offer some bank-like services - e.g., their Fiat wallet, CeFi/DeFi earn products and their unique Supercharger.
Allow you to send payments between CDC Visa card holders.
Have special cashback offers if you send crypto to other CDC users or buy their in-app gift cards.
Let you top up your phone with crypto.
And of course, promote mass crypto adoption with their smart initiatives.
In addition, CRO has a chain(CRONOS tho intertwined with the COSMOS chain) that has launched already and CRO is used to pay the gas fees (just like ether is used to pay gas fees on it's blockchain).
Whilst the protocol launched it's testnet in July earlier this year, facilitating more than 1.5million transactions already as at early november, CRONOS has announced the launch of it's mainnet beta in a bid to facilitate greater interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems.
The release will enable developers to port decentralized applications and smart contracts from Ethereum and EMV-compatible chains to the Cronos network at a low cost and fast speed due to its Inter-Blockchain Communications (IBC) protocol integration. This will offer accessibility to Crypto.com’s 10-million-strong customer base.
Since its launch, the Cronos ecosystem has attracted over 20 validators, including Bison Trails, a number of prominent decentralized oracles, including Chainlink and Band Protocol, wallets MetaMask and Crypto.com, as well as partnerships with decentralized finance, nonfungible token and gaming platforms and projects.
Whilst having such solid fundamentals, It is still yet to be listed on the biggest exchange by volume which is BINANCE, along with other giants like KRAKEN, BITSTAMP, & BYBIT as well.
TECHNICAL ANALYSIS;
Respecting the Ascending Trendline still, a 5-way impulse move(GREEN)->(it seems) started late 2019 is currently in it's 4th (correction) wave. RSI also far from it's ascending trendline, a return to it's trendline along with Price action doing like wise will be great confirmation.
QQE indicator suggests the first scenario will play out, signalling a short position. (Great indicator btw by @lmatl, his scripts have helped me a lot)
Red(0.79) is for stop loss
Blue(0.41) is the 1st target
Green(0.22) is the 2nd target.
Best area to open a long is at the trendline.
If you agree with this idea, pls leave a like as well as your thoughts in the comments section.
Feedback is appreciated as always.
🚩How to identify the bottom and BUY the crypto in time? 3 tips!🌟How to BUY crypto in time and with the possible highest RETURN? The correct answer is during the capitulations.
🎯Capitulation is when even patient and experienced traders start to panic, but this is the opportunity time (Jan 2015, Nov 2018, Mar 2020, May 2021).
🔶How to buy crypto during the capitulations? Use the dollar cost average (DCA) strategy. This strategy allows you to buy crypto by parts without risking all of your capital.
🔶How to use DCA strategy? This strategy helps to average the BUY price. You can only sell at the top and buy at the bottom by accident. In real life, this strategy helps to average the buy price of a crypto. For example, back in 2019, you bought Bitcoin 3 times at $3,000, $4,000, and $5,000. The average purchase price in this case is $4,000. If the price go lower, you would average the price, if it rose, you already bought at a good price. Also, you can BUY at the weekly candle close during the capitulions. It is important to use the equal parts of the capital to buy (1/10, 1/20 etc.). Another simple example is shown on the chart😉
🔶How you can identify a capitulation?
1. Look at the volumes and record liquidations as shown on the chart. The liquidation of 50-100k Bitcoins is the best indicator.
2. Look at the percentage of drop from the highs. Historically, a price drop by 65-80% has been the bottom of the market.
3. Use the indicators that show the bottom of the market. Read this idea about the 🔋Greenwich indicator. It shows both the top and bottom of the market. So when BUY signals (green diamonds) appear, you can use this indicator to buy crypto by parts.
🔶Why does the DCA strategy work? Bitcoin, like U.S. stock markets, is in a long-term Uptrend. After buying Bitcoin in 2017 at its ATH ($18-19k), investors are now still at +100% profit. And as long as this trend is not broken this strategy will work. For example, the U.S. stock market has been in uptrend for over 80-90 years.
💻Please write in the comments if you still have questions about the DCA strategy or how else you can identify the bottom. What methods do you use for that? 🎇
Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Bitcoin, levels to watch and DCA into a shortIf you aren't aware, general market sentiment is bearish. Everyone is aware of this, hence why my conviction for this play is stronger.
Bitcoin forming a 4H and daily bullish divergence, alongside a triple bottom. One last bounce from here is very likely as I'm seeing the SPX have a local bottom.
Also untapped NPOC levels that are likely going to get filled. This will be your last chance to exit your longs and short into goblintown.
Remember, when we are at the highs, everyone will be bullish and call for ATH's. This is your call to exit.
Follow my twitter for daily updates, posting in depth content and exposing the market makers.
@Space_blobb
I GUESS IT IS QUICKSAND? - METAVERSEIt's been a while since our last idea.
We're looking at SAND/USDT today.
In our previous SAND analysis, we predicted a drop down to these current levels and potentially further down, and we've been spot on so far as shown below:
Question is will we drop further down?
Well, as you can see from today's analysis in the chart above, SAND is currently trading at strong support zone, also in line with the bottom of the ascending channel. Should we close below this, a drop down to the blue zone is very much likely with 0.9 being our worst case scenario(provided the First Wave Extension Scenario confirms).
In our last update we also showed that price action was forming a bullish pennant, but failed to get anything out of it. Now this support region is the last go for the bulls to make a comeback.
Whilst we should average down at this level, we want to see a drop further down to preferably 1.5-1.2 region for large buys.
When we see price trading within the purple zone, we will have confirmation of a breakout and ATH's imminent as seen in past price action.
June 15 & July 7 dates are potential dates to watch for a bottom or for price to enter the purple consolidation zone depending on how the market responds.(Don't depend on the dates)
If you agree pls like and share and comment your thoughts below.
Feedback is always appreciated!😉
Riot Blockchain solidified support for a move to the Upside.Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated.
> I Believe that an ascending support line, has been tested multiple times by both Riot Blockchain and Bitcoin .
> With significant momentum driven by earnings season. Earning season is providing significant upside potential for all equities, especially in the Tech Space.
> Combined with Bitcoin's Recent strong upwards momentum, from yet another confirmation of strong support.
> We are likely to see a rapid rise in the price of Riot over the next few weeks. I think this is an ideal range to DCA, at the lowest risk level we have seen Riot Blockchain range in for a significant time.
1) Be greedy when others are fearful.
2) If you believe in a Companies business and promising future outlook. Don't let a discount be the reason NOT the DCA in lower. Especially in a stock you believe will be significantly higher in the long term.
3) Riot's fundamentals are one, if not the strongest in the mining business. With huge mining capacity coming online over the next few months.
>>> Eyes on the Medium to Long Term Chaps <<<
Just one Long term focused Investor/Traders Opinion, not financial advice.
Polkadot looking interestingPolkadot (DOT) has been quiet for a while vs BTC--but that's often when the best opportunities present themselves. Negative momentum appears to be slowing and I'm seeing Bullish Divergence on the Daily chart. Having said that, I'm still expecting a retest of the Trend Support and that's where I would look to start averaging into a long position. If Support breaks, I'll be looking at 3500 sats for another buy opportunity.
Happy Trading.
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These are my personal views and not financial advice. Please do your own research before investing.
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