Digitalassets
MANA Possible break and bull run out of falling-wedge (4 HOUR)Thank you for coming today!! 👋💲
I was just checking out a chart of our popular MANA 💧 token, and we see on a 4 hour view a nice falling wedge pattern🆗.
For a good open position, it is wise to see if we can break this structure and have a healthy retest before entry. (It is always possible we break and impulse correct downwards, but I do not think that is likely.)
If we drop below approximately 0.66 I would say we are going down to retest the bottom of structure once again.
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MANA💧 🌡 is a token used to make it easy for users to own and trade digital land . Sounds crazy but its very popular 🏕🏙🛤🛣😅.
It is correlational to ETH , so remember to keep an eye on ETH if you decide to invest in this token. I have listed above my buy points and target points🆗💧. (For more on ETH feel free to look at ETH chart and fundamentals linked to this post😃)
About 3 months ago, MANA reached it's all time high price of $1.63 USD, I think we can easily see at least $0.88 in the near future.
Long term price prediction is more in the 4 dollar range for this year.
However, I believe that with the collapse of fiat, both digital and tangible real estate will become increasingly popular this year.
Optimistically my price prediction for MANA💧 goes as high as 10 dollars within the next 2 years. ⏬⏬
Reason being: Decentraland at the beginning of 2021 had approx. 1.5 thousand users, to date there are approx. 20,000 users 👉 1233.3% increase in number of users in less than a year, imagine what the next couple years can do!
Just 3 weeks ago a plot of land sold for almost 1 million dollars on Decentraland, let's not overlook this token/Dapp!
Let's see and always remember ⏬⏬
🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Jazerbay ☯
Bitcoin technical analysisIn this analysis, you can see the technical analysis of Bitcoin for the coming days.
Remember, this is not a financial recommendation, it is just an analysis of various military-political parameters and events in the world on the Bitcoin price trend.
#Bitcoin #Price_Action #Long_term
BTC lossing value 5th time BTC is speculation value and running on faith, after mining crackdown and disappointment from TESLA , it loosing it's value but in history over 4 time it loose it's 70% growth but this time dent is bigger, don't expect it will come back in V shape , we don't know the future but if it come back it will take more than a year.
Now it can drop in 20k area
It's chart simple repeating history again
The craziest price prediction of BTC in 2030.This is just my personal idea and price speculation for Bitcoin and digital currencies.
In my opinion the mass adoption has began recently in many industries which will convince the whole world and the universe to shift to crypto currencies any time soon.
perhaps you might have asked this questions that how much would be a Bitcoin around 2030 when the mass adoption completely happens?
here we go.
I believe that the total market cap by 2030 will be 10000X which is not really bad hehe, imagine if only %50 of the population, the companies, the agencies and the financial institutions use digital assets for their daily transactions as well as investment so they put their money in to this industry.
believe it or not we are just at the beginning of this paradigm shift.
in my view, due to the limited circulation supply of Bitcoin which is almost over and also the enormous demand, each Bitcoin might be around $500000000 or 500 Million dollars in 2030-2040.
this is just my price prediction for the next 10-20 years.
please leave your comments bellow to talk more about this amazing investment opportunity in our century or at least in this decade.
Thank you for your time and support.
RIOT Stock - bullish momentum & the skyrocketing crypto movementA RANDOM TRADERS MONOLOGUE
If you ask me, we have a beautiful uptrend in the making and now is a good time to hop on the train, especially for riot. Skip to bottom to go to TA
First lets all remember: crypto is going INSANE, it is becoming super easy to mine, and this little golden nugget is one of the first blockchain financial platforms for crypto.
But what does that mean for me?
For those who do not like to trade crypto, but can't deny the crypto train, riot is a safe investment for the time being. You can even say it already has financial pairs that can be used as indicators, such as DXY, BTC, etc.
So do not bother trading crypto currency, begin investing in stock that is starting to become part of the crypto movement.
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TECHICAL ANALYSIS
RSI shows a leg forming, as well as maintaining an RSI above 60, indicating buyers are ripe in the market.
MACD is showing a gap that will be soon indicating our next official direction with RIOT. The yellow trendline on the chart is my indicator to begin thinking of closing my current buy positions.
To confirm the uptrend, the MACD will show volume green and a bounce from the yellow trendline upwards. The RSI would have to confirm by getting a higher leg up while staying within the green trendline.
We can also see that we got a nice VWAP over the EMA and in the upper bands.
$EGLD - Elrond is moving like AAVE +90%When I made my post of the original setup I said how it is fundamentally a strong project with a well respected team behind it, but damn I didn't expect this.
I can't lie I took all my profits at the 2.0, at $91 which I'm happy about as was still a big 40% profit.
Maybe now in this environment if a coin is fundamentally really bullish, like 1inch was, we keep 20-30% of the initial trade running as a bit of an investment and cash this out when it does it's next leg or two up, if it does that is.
Wandering where this will go now?
Theres not really anything to fib off here, so maybe psychological $150?
A retrace to $101 or $91 does look likely to me in the near future...
How Momentum In Markets Effect Price PredictabilityWithout algo-assisted buy/sell signal trading tools, you have a few difficult choices...
You either trade far less often, based on longer term swing trades, with an emphasis on accumulation... or you develop the skill of a professional trader and keep an eye on the markets for short-term timeframe opportunities.
Most people getting into the markets, especially the crypto market, trade with the skill of a long-term swing trader, but do so using short-term timeframes for entry/exits.
And that's how they continue to get their dreams of financial success decapitated by the more sophisticated market makers.
After learning candle stick formations... and after learning the basic indicators of MACD, Ichimoku Cloud, RSI... and support/resistance levels and trendlines... the next skill level is to appreciate momentum. No, not the 'momentum indicator' per se, but an appreciation for how momentum has to be clearly on your side at higher time-frames, before exit and entry positions can be taken seriously.
Only yesterday we published a chart on the 2 day time frame for LINKUSD that was a SELL, where as another trader published a chart on a 12 hour time frame for LINKUSD that was a BUY.
The market cratered soon after and his chart looks like one of those memes of despair.
The very simple difference, we believe, is that we checked the higher time frames for overall market momentum, where as he apparently did not. It's a more common mistake than you might think. And an easy one to fix.
Remember, long-time frames trump short-time frames.
Why?
Because of momentum.
Imagine an oil tanker in the ocean (representing high time frame). It takes time to turn but it does so with power.
Imagine a tiny little speed boat (representing short time frame). It can change direction in the blink of an eye, and it does so with light agility.
Imagine a jet ski (representing a 15 minute chart). It may be fun and you get to see a lot of action, but there is zero reliability of where that thing is going from one minute to the next.
Which of those 3 types of boat would you place your bets on for the direction and position it may be in, in the near future?
Easier to predict the oil tanker direction and location right?
Same with higher time frame charts.
Once you establish your view of market momentum based on higher time frames, then you can drop down into lower time frames to get a better sense of the short-term direction, looking for various styles of trading opportunity, such as entry/exit for swing trading, or scalp opportunities with clear Take Profit targets.
Happy trading.
Team Sparkster for SparksterSignals
XRP- Blood on the streets... $0.08- $0.05 incoming?Simple monthly Fibonacci from this months high to the lows in 2017. Extensions are looking real good; $0.05 may be a reality! Final brutal shakeout... ?? Get rid of loads of retail traders and weak hands!?
Don't think that it can't go this low. The market does the unthinkable.
The dollar isn't going to get stronger here is whyPLEASE LIKE SHARE AND COMMENT THIS IS WORTH TAKING A LOOK AT!
If you aren't paying attention to the digital asset market. Now is the time. MAY IS IMPORTANT and so will NOV AND DEC be of this year for many reason and some I cannot share.
In the near future we will see a lot of transfer of wealth between fiat currency and digital assets because the new market is destine to be designed by the leaders of the world we have today . I believe that a massive drop is imminent. I had to show the weekly because I can literally see so much in it.
The dollar dinosaur is about to take another bite. You can see by how much resistant and slow chicken scratch movements we have had in this market since May of 2018. You can also zoom out and see that the weekly is a downtrend and we had a QUICK correction up to 61% on the weekly for our fib zone after the pinch of the DXY on July 7th 2014 . Just recently we filled a gap that was on April 17th 2017... This was the exact timeline that bitcoin and alt coins started to make a run for its money to the ATH of the digital asset realm. By Jan 2018 the digital asset bull run was over and new millionaires were born. Imagine that? The downtrend of the DXY stopped the same month and found support perfectly on the red ribbon at 89-90 . As people pulled out their profits... out of this 800 Billion dollar market (at that time)... we started to slowly see the bear market form for 2 years & at the same time the dollar began to go back up..Now we are heading into phase 2 of the digital asset realm, we have the corona virus on the verge of another global health crisis, we had trade wars and still do, OIL is making a run to 60 if not higher and by the end of the year 2023 the dollar will once again return strength into the market and this is where we can see a massive run up like we had in 2014. ...
Now all of this is a story telling us that we are heading into a new era. But there is a lot of fundamental truth behind these movements from our recent past years leading into 2020 and to me it says back to 90 - 87 we go.
Current status - Dollar can go as high as 101 but will fail
When we get to 92 its all up to you. HERE IS NO MANS LAND and we can either turn quickly bullish or ABCD down to the marker of 2023 (the orange circle). This would close the 2014 mini gap, break the low of Jan 2018 at the 127% pullback zone marking point D and give the dollar the kinda push it needs to jump to making a wave 3 beyond 100. This to me will happen around late 2023 - 2025 (marking another 2 yr DXY bullrun)
If you find this useful please hit that like button and show some love. Comment your thoughts below and let me know what you think! As always GLHF, manage risk, and lets keep grinding!
PS> ZOOM OUT OF THIS WEEKLY TO SEE MORE DETAILS
Equities and Gold Both Rising? ::: GOLD = The Tell of all TruthSince 2019 Gold has been rising with the equity markets. This has thrown my normal investing strategy off as I cannot grasp how the market is feeling. At least from the knowledge that has been passed down to me form investors within the family.
Within the purple box you can see how gold decreased as the overall equities market increased. But to follow with gold surging back up shortly. Was this purposely manipulated to convince retail investors to hop back into their favorite securities? With Gold and other commodities rising with the equities markets, another asset class, crypto currencies, have also been increasing.
I believe that there is false hope in the general equities markets. Gold looks to be a solid play. I do not believe that we will stick around these levels for very much longer and will see upwards of $2000 per ounce in the next 2 years.
Elections are months away and whenever "their" agenda is reached to get/keep who ever in office, things will become hectic again. We are still in the middle east and and I believe that Iran is still a U.S. target.
With that being said about Gold, keep in mind that we are entering a new era/decade where asteroid mining could become a thing.
Scarcity will be on your side as we move forward in the world as we know it. Food for thought.
WMT Nasdaq running on steam while fusion is available WMT has been on a parabolic bull run, yet no trend can be observed it seems to be ‘running on steam’ This is supported by the CVI, with less money flowing into the nasdaq composite, hence momentum decreasing. OBV shorts and longs both increasing and volume RSI seemly absent for the past 46 years. The fusion I talk about comes in the form of digital currencies and their ability to alter the industry. Gold can be seen to be steadily increasing which is historically strong within a recession.