Interesting Analytics |DeFi Sees New Growth Cycle| BTC 30000$Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
💡 Friends, I want to share with you an analytical article, I think this article will open the eyes of those who have not yet believed in a bull market in the near future.
➡️ Write your comments and put likes!
📌DeFi sees a new growth cycle; Beanstalk replanted after April feat
📌The broader market saw slight gains over the weekend. BTC briefly slipped below $23k early Friday amid unexpectedly strong employment data, but managed to hold above that support in weekend trading. At the time of writing, the largest cryptocurrency by market capitalization is well above the $23,000 support after gaining 1.7% in the last 24 hours. BTC is facing strong resistance in the $23.5K to $23.7K area.
📌Most likely, in the short term, after a complete breakthrough above this resistance zone, a steady increase will begin. Meanwhile, the downward pressure on long-term holders of BTC has eased slightly as spot prices are above the average cost basis. However, these holders continue to hold their coins with unrealized losses ranging from 11% to 61% on average.
In a similar vein, ETH is trading above the $1,700 level with a 2.4% gain over the same period.
The network's performance for the second largest cryptocurrency by market capitalization points to an emerging pattern of growing demand if the merger succeeds. The major altcoins are in the green and FLOW is leading an upward price move with a double digit percentage increase. Despite the recent explosions, the DeFi sector, especially the synthetic asset category, could see the start of a new growth cycle thanks to the recent integration of the Synthetix protocol.
Back to the future👇
The muted activity in the BTC derivatives market is likely due to market participants focusing on merger stories. However, BTC funding rates on major exchanges have fluctuated wildly, possibly in anticipation of Mt.Gox distribution in August, exacerbating market uncertainty. The ETH futures market is seeing a general discount with a three-month base rate in negative territory and backwardation in the term structure. ETH option volume has yet to return to normal despite open interest hitting a new all-time high amid the buzz around The Merge. The put/call ratio is falling to new lows, indicating big bets for a massive rally in September with a well-insured downside.
Dodo!
BITCOIN on TrendLine NOWWell, in the previous analysis, we mentioned the resistance areas that were incapable of failing the second resistance and are now being reformed to the PRZ range of process support and static support. If this area fails, we will have more to fall to the specified areas in the chart.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Opinion of the popular analyst Altcoin Sherpa | Bitcoin 28000$Crypto Trader Says Bitcoin Flashing Bullish Signal, Updates Ethereum, Solana and Optimism Forecasts.
Hello friends, today I want to share with you the opinion of one polar analyst Altcoin Sherpa, he shared his point of view, what will happen in the near future in the cryptocurrency market! In his opinion, in the short term, Bitcoin is intuitively perceived as $28,000. He also gave analytics for the ETH / USDT pair, ETHUSDT SOLANA and the altcoin OPUSDT. Attached Altcoin Sherp graphics for general distribution, As long as the market moves in the way that the Altcoin Sherp analyst said. Like and write your comments if you are with his opinion or not?
Let's start.
A popular analyst updates price targets for four crypto assets as markets try to end the week in positive territory.
A pseudonymous trader known as Altcoin Sherpa tells his 180,800 Twitter followers that while he expects Bitcoin (BTC) to return to $28,000 in the not-too-distant future, a brief spike above $24,500 on July 30 has not convinced him. that BTC is witnessing a strong uptrend in the short term.
“I remain of the opinion that we are heading towards $28,000 medium term, but would like to see more swings around $23,000-$22,000 to form a significant low. To be honest, the last high of $24,700 was not very convincing, but in my opinion, this is still a bullish market structure.”
The analyst believes that Bitcoin could rise if it finds a higher low in the $22,000 to $23,000 range, although he expects Ethereum (ETH) to break out before BTC.
“I would like a higher low to be set in the $22,000-23,000 area, this is still bullish on the long charts until shown otherwise.
Still looking closely at ETH, I think it's leading."
At the time of writing, Bitcoin is valued at $22,919.
Next on the radar's radar is the Solana (SOL) smart contract platform. Altcoin Sherpa says it has been sitting on the sidelines and expects further up and down movement in the $32 and $47 range.
“It seems really unclear to me, I have not taken any active positions for Solana for some time now.
A lower high is followed by a higher low, expecting an overall greater return.”
Below is an example on a Solana chart
Solana has also seen a slow decline from the market-wide rally that peaked last Saturday, although SOL has managed to climb 2.08% in the past 24 hours and change hands at $40.39.
Moving on to leading smart contract platform Ethereum, the analyst sees a bright spot for investors who have lost money against the US dollar (USD), noting that ETH looks strong against BTC.
“You may be in bad USD positions, but ETH/BTC is really strong.
Very interesting price behavior in the medium term; I think there are some arguments in favor of not holding BTC in the future.”
Below is a hello example of an ETH/BTC chart
At the time of writing, Ethereum is trading at $1,731.
The latest is Optimism (OP), a layer 2 scaling solution for Ethereum. The crypto strategist says that after the altcoin has experienced significant gains over the past few weeks, he plans to go short OP to hedge against his other more aggressive crypto investments.
"Shorting this as a hedge for my other stuff."
OPUSD Chart Example
ETHUSDT🚀 Flying to $2000 Breakdown of the mirror level!Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 Guys, in simple words, what is a mirror level - a mirror level is a level that the instrument broke earlier, and now it bounces back to it from the other side.
💡For more than a year, the $1700 level acted as a support level, now the support is a strong resistance and it was successfully broken through, I think this is a direct road to $2000
Write your comments what do you think about this, can ETH reach $2000?
BTCUSDT |Will Inflation Results Hit the Market?| Important!Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌Capitalization of the cryptocurrency market is 1.1 trillion.
📌Bitcoin closed the weekly candle without a shadow, and immediately there was a takeaway, I think this is a bullish sign for continued growth
📌The market also reacted to the growth of the S&P 500. as we see it in a positive direction
📌However, you should not relax either. Another meeting is expected on August 10, and when the US and China release inflation data, they may affect the next round of interest rates, which will affect both the stock market and the cryptocurrency market.
📌 However, everything can change. It is likely that the decoupling may occur on August 10, when both the US and China will release inflation data. They can influence the next round of interest rate hikes, which will affect both the stock market and the cryptocurrency market.
So keep your positions on the alert, we can see both pump and dump!
BTCUSDT |This week's review| Important! Don't relax!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▪️The whole week will probably be bullish, well, there are a couple of nuances that are worth discussing. Let's start with technical analysis and then continue with fundamental.
▫️The asset has broken through the local countertrend and is now moving towards the first local resistance. I think if the price breaks through 0.236 Fibonacci, then most likely we will meet with $25.000-26.500
-This week, on August 10, an important event, China and the United States will release inflation data. They can affect the next round of interest rate hikes, this can affect both the stock market and the cryptocurrency market.
-At the last meeting, if you look at the chart for July 13 and 27, you can see that the market reacted in a bullish direction, can the situation repeat itself again, what do you think?
Write your comments what do you think about this?
BTCUSDT |Bullish Review| And I told you...Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️Well, guys, the bull has started? Or are we being deceived again?
▫️While everything is going according to plan, at the end of the week I tried to remind you of this that a takeaway from $22.500 could happen again and it happened, we tested $22.430 and rebounded from this area by $23.200
▫️The whole weekend we were kept almost in the same range, this happens before a strong impulse in one of the sides, the side of the bulls, of course, won!
▫️What do we need to fly further? To begin with, let's break through the local zone of $24.680 and then finally go to $25.000, it looks quite real.
DOGEUSD | Way out of the triangle|Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️Friends of all welcome, the first day of the new week and such a bullish
▫️I think we can see 0.236 Fibonacci in a short time.
write your comments and put likes!
BTCUSDT |Short term review| For those who haven't decided yetHello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 Friends, the weekend is going to be as boring as possible, just as I thought, yesterday I wrote you a detailed analysis of #btc on the trading review, now literally in a nutshell.
📌 There are a couple of options when a new weekly candle opens, they can show both up and down.
📌My position is long from $22.500, there are also options to get $22.200-22.500 if they drop down.
BNBUSDT |Coin Overview| It's time to get down to earth▫️The time has come for the speedy development of this rocket, I think it is necessary to determine how to squeeze $325 more.
Approximate attack plan:
💡Entrance -326$
✖️Stop-loss -340$
🔝Take Profit-$295
❌Cancellation plan -335$
🗯All successful meetings and monitoring your risk management.
DXUSDT |Coin Review| We are waiting for the exit and the bullishHello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information
Friends today let's talk about DYDX
It was determined by the Fibonachchi to my case tested for 0.236 and it was not necessary
There is also a probability that if the asset flies the 0.382 zone down, then we can bounce already from 0.5 there bolensi
BTCUSDT |Exit Review| There's still a little leftHello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
I don’t change anything according to the schedule, I think no changes until the beginning of the new week, the first goal is $ 24.670
Yesterday, Bitcoin again tested the $22,600 range amid the results of NFP indicators, after which they bought it back again and returned the $23,200 zone without any changes so far.
I think we most likely won’t see anything global at the weekend, but next week promises to be hot.
Like and write comments.
Update Idea
BTCUSDT |Interesting review| Next week 30000$🚀Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 Friends, before I start, I want to wish you a good weekend!
📌I sketched my expectations for the next week on the chart, while everything is without any global changes, of course they give us adjustments within the day, there are impulses in both directions, well, we are smart people and we don’t overestimate our shoulders by 20x, so we are afraid of you there is nothing)
📌I think the weekend should go smoothly on the market, we will continue to stand in the range of $22.900-23.200 If there is a correction, then I think not below the trend line of $22.500
📌The next week promises to be hot guys, especially at the end, ask why? And this is already the cherry on the cake, friends, I will write a post about this later in detail, so to speak
📌For the most impatient couple of words, our first goal should be to break through the $24.670 level, this point served as a Bitcoin reversal, if we break through this resistance, then wait for To the Moon🚀
Write your comments what do you expect next week LONG or SHORT?👇
SOLUSDT |Overview| Bounce off the trendline by 16% upHello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Friends, Solana is now trading at a psychological level, there is a struggle from both sides, I think that during the correction of BTC the asset may spill to the trend line, after which we will see a reversal of $46
Not financial advice, just thoughts)
S&P500 | Brief overview of the stock market|Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 If you look globally, then the stock market is moving in a downtrend in 2022, according to the local point of funds, I think you can highlight the local level of $ 4.200. If it breaks down and fixes above the level, you can consider some positive in the future.
Write your comments what do you think about this?👇
ETHUSDT |Interesting review| Are we going to breakout $2000?Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌ethereum continues to fly without any strong pullbacks to local resistance.
📌 If you look ahead, then my assumptions are that if a breakdown of local resistance happens, there is a possibility of going to the psychological level of $2000
📌While we are waiting for a correction by $1630-1650
BICOUSDT |Interesting coin review|Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
-A bit of information on the coin, to date, Biconomy (BICO) is traded on 34 exchanges, including Binance, LBank, WhiteBIT and others. The maximum trading volume for the trading pair is $11.4 million (89% of the total volume for all exchanges).
-According to technical analysis, an ascending triangle pattern has formed on 4H, which the price has already been able to break through, I expect continued growth to the local zone of $0.7 per coin.
BTCUSDT |Zone of interest| Guys buy or catch FOMOhello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
-During the day, the market was in uncertainty, there was a struggle from both the bulls and the bears, and as we see the result, the bear side turned out to be stronger.
-Bitcoin is now in the zone of interest wrote about this in one of the posts. I open a LONG position 30% of the deposit without leverage, I put my orders $ 22.500-22.100 I think it will be possible to get from the test of the local trend.
- Also pay attention to the NASDAQ / BTC chart. We are currently in a price range where BTC was holding over $35,000
Like and comment what do you think about this
AUTOUSDT |Coin Review|Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 AUTO I think here you can look in the direction of the reversal wedge formation
📌 There is a chance to go to the support zone of the pattern and then bounce on the breakdown of the wedge.
Like and write your comments👇
TRXUSDT |Coin Review| Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌 Let's analyze the tron coin today
📌At the moment, the asset is at the stage of consolidation, after a strong strait, the price was quickly bought back and is now held in the range of $0.6990
📌It is also worth noting that a large fund called SEED Venture Capital has recently invested in the project, and this fund also invests in projects such as NEO, ZIL, CND, XRP
📌I think if large funds continue to invest in such projects, then it makes sense to buy these coins in your investment portfolio.
What do you think about this, will there be a breakthrough to the zone of local resistance in the near future?
NEARUSDT |Coin Review|hello, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
I will not paint a lot, I think there is an understandable TA and so.
The NEAR coin is now near the local resistance, I think it can bounce back and show a 5 rebound from the local resistance.
Like and write your comments what do you think about this?👇
BNBUSDT |Coin Overview| Rebound from the local countertrendhello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
-After several attempts, we managed to break through the psychological level of $300. Wrote about it (here)
-At the moment we are testing a local countertrend, I think it is more likely that we will see a downward rebound here than a confident breakdown.
-I put a short stop for the countertrend on the deal, I can show a false takeaway and tighten it back.
Like and write comments.