Digitalcurrency
CRYPTO Dash - Will it Continue Uptrend?After the drop to the lowest at the discounted price early of 2020 from around 140.00 to 40.00 for few days before it catch back up above 60.00 & consolidated around 60.00-100.00 zone. From the daily timeframe, the price has been rejected at 120.00 and from this moment there is a possibility for it to break & rally back to 140.00 again. Otherwise it will try to complete the channel pattern and continuing uptrend vs time.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
CRYPTO Cardano ADA - Weekly Yearly IdeaAs seen from the trading idea, the price is uptrend trend & expected pull back will happen once it reach the rejection blue zone before continuing long.
If the trend keep going uptrend then it's easily reach to the 0.39533.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
DGBBTC forming bullish Shark | Upto 13.5% move expectedOn daily chart, the price action of Digibyte coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00000091 to 0.00000088 btc
Fibonacci projection or sell zone: 0.00000094 to 0.00000100 btc
Stop Loss:
The potential reversal zone area that is up to 0.00000088 btc can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 13.5% and as per the above-mentioned stop loss, the loss possibility is 3.2%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DGBBTC formed Butterfly moveOn daily chart , the price action of DigiByte (DGB) has completed the final leg of Butterfly pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern should be:
Potential reversal or buying zone: 0.00000103 to 0.00000100 btc
Fibonacci projection or sell zone: 0.00000105 to 0.00000110 btc
Note: Above idea is for educational purpose only.
Bitcoin (BTC/USD)sell Setup!! Probably 16500 Level!!Based On previous cycle we See 30%-20% dump Before a massive Bull Run!!
Bitcoin’s evolution toward a store of value is resonating with Wall Street and Main Street, after it hit an all-time high on a few exchanges this past week.
We mentioned last month that corporations such as MicroStrategy and Square are adding bitcoin to their balance sheets. And PayPal is enabling millions of Americans to buy, hold, and sell bitcoin in their wallets.
The mainstream adoption of bitcoin is showing no signs of slowing. Just this week, Guggenheim Funds, a global investment firm which manages $233 billion, filed an amendment with the Securities and Exchange Commission to allow one of its subsidies to invest in Grayscale Bitcoin Trust ( GBTC ). GBTC is essentially an ETF that tracks the price action of bitcoin .
The amendment mentions the Fund will be able to invest up to 10% of the $5 billion of assets under management. It’s another incredibly bullish sign that Wall Street is rewriting its investing theses to make sure they include bitcoin .
Expect more stories like this over the coming weeks as more high-profile companies, individuals, and funds embrace bitcoin .
Target 1=17300
Target 2=16500
Why Bitcoin Could Potentially Visit 16,000 & 12,000 Level?Bitcoin’s evolution toward a store of value is resonating with Wall Street and Main Street, after it hit an all-time high on a few exchanges this past week.
We mentioned last month that corporations such as MicroStrategy and Square are adding bitcoin to their balance sheets. And PayPal is enabling millions of Americans to buy, hold, and sell bitcoin in their wallets.
The mainstream adoption of bitcoin is showing no signs of slowing. Just this week, Guggenheim Funds, a global investment firm which manages $233 billion, filed an amendment with the Securities and Exchange Commission to allow one of its subsidies to invest in Grayscale Bitcoin Trust (GBTC). GBTC is essentially an ETF that tracks the price action of bitcoin.
The amendment mentions the Fund will be able to invest up to 10% of the $5 billion of assets under management. It’s another incredibly bullish sign that Wall Street is rewriting its investing theses to make sure they include bitcoin.
Expect more stories like this over the coming weeks as more high-profile companies, individuals, and funds embrace bitcoin.
Based On previous cycle we See 30%-20% dump Before a massive Bull Run!!
DGBUSD (Falling Wedge Breakout)DGB/USD currently trading at $0.221
LONG ENTRY LEVEL :$ 0.205 to 0.0222
STOP LOSS ( support): Below $0.020
Resistance level 1(Target) : $0.029
Resistance Level 2(Target): $0.038
Risk Reward Ratio : 1:7
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
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Why Blockstack(STX/USD) is Super undervalued ? Ready to Pump!!The project has backing from venture capitalist mainstays like Union Square Ventures, Digital Currency Group, and 20 others. It’s secured $75 million in funding to date... including $23 million via the first Regulation A+ token offering ever. (A Regulation A+ deal allows non-accredited investors to invest in private projects.)
The Blockstack network launched in November 2018. It started with 38 apps but has grown to over 500 since then.
Like Google and Apple, you can access your Blockstack apps through one username.
However, unlike Google and Apple, it doesn’t store your data. Instead, your data is stored on the blockchain and controlled by your private key. Your private key is an encrypted code that allows you to access your data on the blockchain.Only the person holding your private key can access your information.
As Blockstack adds more apps, we’ll see its ecosystem continue to grow. And since it’s an open- source network, any developer can build on it... That’s unlike Apple or Google, which charge developers exorbitant fees to build on their platforms.
Looking forward, we see two massive catalysts ready to propel Blockstack higher.
The first will happen within weeks. It’s called Blockstack 2.0. That’s when the PoX protocol goes live. When it launches, we’ll see STX holders lock up their tokens for staking.
Staking is when token holders can lock their crypto assets (i.e. their stake) to help secure a blockchain network. And in exchange, they earn rewards.
Staking crypto tokens locks them away and reduces market supply. And the introduction of staking is coming right before the second catalyst – STX’s countdown timer.
By October 31, 2021, Blockstack’s code will reduce the rate of inflation by 96%. It’s the mega catalyst we think will keep pushing prices higher. Combined with staking, we’re about to see a dramatic drop in the supply of STX coming to market.
Re-Test imminent The drop since the last top has pretty much been lower time frame charts cooling off the rsi ( 1 hour, slightly 4 hour ).
With the 4 hr candles staying in range / consolidating since last nights high, i believe there is a another big push or two left to top out 4 hr on rsi. When that happens a new all time high should be established.
Could be a long or short not worth missing in these next 48 hours. Will be watching 4hr, daily, weekly charts after new ATH to see if ATH will be tested again with next weekly candle before ultimate consolidations and retracements begin.
The NationWide Crypto / Digital era is beginning with more mainstream CO’s going into bitcoin And the public become more aware as a digital lifestyle/experience begins to sweep through as the world adapts during lockdowns and pandemics.
Bear or Bull enjoy these profits
Bitcoin price speculaiton on December 2022 using Fib CirclesWhere Bitcoin could possibly end up using the Fib Circles. This is only speculative but very very real. Let's consider all the infinite QE into the money system that has no end. This is the US Dollar Fiat system that is now on a collision course to a Zimbabwe or Weimar Republic, Germany hyperinflation catastrophe. We may see a $250,000 Bitcoin price tag by the end of 2022 or the 1st/2nd quarter of 2023.
Bitcoin explosion. Thoughts, targets and trailing plan aheadReally mooning now. The market in my eyes is in disbelief, I am not seing the crazy fomo of early 2018 and Q2 2019.
Funny how plenty of crypto "investors" have disappeared and youtubers & CT guys have "quit to focus on more important things".
Have not heard in a while from all the angry baghodlers.
They had to leave and lose interest for this thing to go up haha. I made several posts about this.
They always quit before it really goes up. Every. Single. Time.
And those that FOMO back in likely will buy around the medium term peak and get rekt once more during a deep pullback of 40-70%.
Prob a lot of "true believers" quit after the second bubble (June 2019) crashed down back to 5000. Silly.
On the recent price action Bitcoin reminds us of gold:
Going at least to 17,000 in my opinion.
Luckily for us (those that bought) CNBC has not paid attention unless I missed it.
There is also the debated US election taking all the attention.
This rally is met with skepticism, I haven't even gotten comments and messages from 2018 bagholders telling me what an idiot and how wrong I was about BitconnectCoin, not even the few clowns that harassed me every day.
Let me check CNBC...
"Record $1 billion worth of bitcoin linked to the Silk Road seized by U.S. government" Not really great news.
"Bitcoin surges past $15,000, hitting its highest level since January 2018"
"Bitcoin hits its highest level since 2018, but two traders are split on whether it’s worth buying"
There are no extra-shill articles. The only recent article with on opinion on buying or not is a "2 traders are split" one...
From CNN: "Bitcoin prices surge after Paypal jumps into the cryptocurrency business"
Mainstream media are paying some attention but to me it looks nothing like 2017 or 2019.
There are no overexcited overweight people out of breath telling us how crazy good this opportunity is and there is no time to waste buy buy buy right now.
Once the rally stops I think it likely could drop 40% then not move much for a long while, actually I even think it drops 70% after which it could possibly look like the railway bubble.
I am only in for the short term, it has been 2 weeks and 2 days already but probably soon it is over. I would not call it a long term hold.
If it keeps going I will not complain, but I am not trying hard to "not miss out" I am interested in the high probability bits even if I do not catch the whole move, without going all the way to the day trader mentality which is flawed and quite ridiculous. If Bitcoin gives me 2 good trades a year I am very happy, it's just that bit more added to the pot. Besides I got this feeling that all the fomo bagholders have missed out while I just caught this break (and a few ones before as well as shorts) taking just a few very small losses.
Short term holds yes, but those are battles, the war is a long term one. The Tortoise beats the Hare every time. Be very patient then grab just a little 3% here, another 4% there, and so on; meanwhile the hare is laughing at the tortoise for taking such small steps, and going all in and crossing the highway and getting flattened.
If it were to start a clean long term trend I would hold for months but for now this is not what I see and I am too used to hold for hours to a few weeks with FX & Commodities, so maybe I am biased, but really that price action (since march) looks like nothing to me, it really is nasty.
At this point I will trail with a 5-6% stop, and if it continues I will trail with a 13% stop.
Chinese version of Ethereum- Neo is ready to Pump!!!Neo is like the Chinese version of Ethereum. It’s currently plowing ahead with a massive overhaul, called Neo3, which will make Neo faster, more secure, and more efficient.The Neo team also recently launched Flamingo, a full suite of DeFi tools built on the Neo network.
Flamingo is like Yearn.Finance, Compound, Maker, Synthetix, Perpetual trading, Ren, Curve, and Uniswap all rolled into one. If you don’t know what each of those projects do, don’t worry. Just know Flamingo is built as the first full-stack DeFi services protocol.
According to Flaming Finance, the crypto community was so excited about the platform’s launch that $1.6 billion worth of assets flowed into the network by the end of September. And much of this influx was thanks to Neo’s Poly Network alliance.
The Poly Network is a new protocol alliance formed to facilitate cross-chain transactions between blockchains without needing to issue new tokens. Neo, Ethereum, Ontology, and Cosmos are part of this alliance, and there are plans to add bitcoin as well.
Flamingo’s launch is a massive endeavor in the sense that there is currently no one-stop solution built on top of Ethereum. And Flamingo will be a game-changer for NEO token holders as more assets are pulled from Ethereum to its platform.
Bitcoin is gaining momentum in garnering mainstream adoption.Bitcoin is gaining momentum in garnering mainstream adoption. There are now five publicly traded companies with bitcoin in their treasuries.
Three of these companies – Galaxy Digital Holdings, Riot Blockchain, and Cypherpunk Holdings – added BTC from June to September of this year, amounting to more than $148 million in total.
But the other two companies are even bigger names:
-->MicroStrategy, a $1.6 billion business analytics and mobility platform, purchased $250 million BTC in August and another $175 million in September for a total of 38,250 BTC.
-->And $82 billion payments company Square purchased $50 million worth of BTC earlier this month. The purchase accounts for 1% of the firm’s total assets.
The takeaway from these purchases is that asset managers are looking for ways to hedge the hidden tax effect inflation has on their treasury. For them, bitcoin is a way to preserve purchasing power in the face of inflationary forces.
DGBUSDT formed bullish Gartley | Upto 32% move expectedThe priceline of Digibyte (DGB) has formed bullish Gartley on the 2 day chart, the targets as per Fibonacci sequence of Gartley are:
Potential reversal or buying zone: $0.02476 to $0.02276
Fibonacci projection or sell zone: $0.02634 to $0.03023
Regards,
Atif Akbar (moon333)