$BTC HELL WEEK | $29k Welcome to HELL WEEK, buckle up!
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BINANCE:BTCUSDT continues to show signs of exhaustion, we've been calling it for weeks...
Bitcoin is headed to $29,000 ; We should see a relief rally off $29k, if we end up losing $28k, we will head to $23k. If we have any hope of a rebound to the upside we MUST break & hold above $28k which will prime us for our pop back to $40k and beyond.
Refer to previous ideas:
DCJ | Charts Plus
Educational ONLY
@Easyloot
Easylootrading
Ocean Extremely UnderValued Target $1.9-Mid cap coins like Ocean haven't been doing so well lately due to the fact that the fiat flow has been going into many Low cap coins like Shiba Safemoon all the meme Coins
-Although Ocean is not a Defi Project it is a ERC-20 Which relies on ETH
-If you have been in the crypto space in the past few months you know that ETH has been pumping like a rocket so my predictions are coins that are built of ETH even if they are not DeFi projects will pump dramatically in the next few weeks possible Months depending on the amount of follow that enters the space.
-On the Technical Level We see That Ocean is in State 3 of this Advanced Accumulation phase.
-We also see it has dropped over 50% in the past few months
- From an Investors POV Ocean IMO has a Great fundmentals being able to own and share your own Data without companies selling your info to other companies. They are also speculated to be working with car companies such as Bmw and General Motors to improve self driving technology based off of AI technology.
- Theres My Shill on the coin so make sure you all do your own Research as well
on the Chart i have provided where i will be buying as well as Target Prices.
BTCUSD $68,361 Next LONG TargetBitcoin had its moment of truth yesterday as it was ranging in the region of $55,218 - $58,109 before its breakout beyond the local high. The local high at $58,109 was created on February 21st right before the dump back down to the retest of the $44,854 support zone and formed a higher low.
From here, Bitcoin reversed back up to the topside and is right now trading at the current highest Spot price it has ever traded at $60,248. I’m expecting a wick retouch of the $58,109 level offering people who couldn’t get entry last night another shot at an entry before moving up. After this level wicks for a retest, i’m expecting the price of Bitcoin to shoot up to the 3.618 Fib level placed at $68,361.
Overnight it seems like, this $58,000 area has turned from resistance into support and is a bullish catalyst for a breakout to the topside. Bitcoin trading at a $68,361 Spot price is only 12% away from where its currently standing and 12% is no stranger to Bitcoin.
Looking at the daily time frame of Bitcoin, we can see that since the initial bull market start in November it has been creating higher highs and higher lows. The most recent example would be what we saw at the end of February as Bitcoin rejected off of the 2.618 Fib level down to $44,000 and is now trading at a higher price than ever before.
On the daily, the targets are a little bit easier to see and make sense of with more data. Bitcoin looks like its heading up towards the 3.618 Fib level at $68,361 before moving the way up to 4.236 at $77,219. This move is going to take some time because you can see each candle represents one day, 24 hours, or 6 4H candles.
ETHUSD Every Fall Created Higher LowsETH for the most part of this week has been looking like it was going down to hit $470, but every 4-hour candle that passes the less likely it looks like that's going to happen.
Right now ETH is still holding in this wedge, created higher lows, and could regain this $556 support level going long.
Every drop this past month on Ethereum has been higher lows and it never lost the bullish momentum.
If it continues to trade in this wedge and hold this trendline, ETH is looking like a beautiful long going back up towards $600 and beyond.
Thank you
LINK GET READY FOR ATH+Link has been a coin I really enjoy swing trading/day trade.
+Link 12 hour timeframe shows a very bullish scenario coming soon.
+Link has adapted its once resistance now support at $12.81.
+Maintaining this level and respecting the bullish trend line starting from September 23 will allow link to break out of this symmetrical triangle
+Link wasn't to far from its all time high recently but came back down after its first touch of $16.35.
+This valley will allow link to test its finally valley before ATH which is 17.33
+Even though Link is somewhat overbought I do see Link being able to reach ATH and creating a new ATH sometime after 2021 thinking Mid January Early February.
+First TP 16.35📊
+Second TP $17.33📊
Thanks for reading my TA on Link and remember traders Stress Less Profit More the best is yet to come!!
Bitcoin Halving Event Starting To Show Momentum+First off everybody I hope you guys made some money during these last few weeks of the crypto markets pumping.
+Coin has been increased in price by 63% in the last 2 months and now facing ATH from 2017
+Now with the rapid increase of Coin pumping and everyone trying to get into Coin think we've faced a little bit of exhaustion.
+The weekly level at 16714 is more then a 2 year valley that started in 2017.
+Now this is seen on a weekly timeframe.
So what's next for Bitcoin is everyones question.
+Well if we zoom out on a Daily timeframe we see that 13863 is a support also backed up by a swing high of a downtrend. this is where ill be entering due to the face that Coins price will also be back into its rising channel.
+$13863 will be my buy zone
And always remember
TRADE SMART PROFIT MORE
TSLA Bottom Out? TESLA AT $400 IS UNDERVALUEDTechnical Analysis on Tesla Motors Moving Into Earnings | BULLS LOCKING IN? I believe $Tesla will act as $BTC once it broke 10k.
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Looking at Tesla at this level it almost looks like investors are comfortable with this $400 level and could possibly be ready for the next leg up. True long investors most likely waited out past the battery day hype to purchase any additional shares and could be looking to load up soon.
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Here are the main takeaways from Tesla’s 2020 battery day:
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TABLESS BATTERY CELLS WILL IMPROVE TESLAS’ RANGE
Tesla plans to manufacture its own “tabless” batteries, which will improve its vehicles’ range and power. The new batteries will be produced in-house, which Musk says will reduce costs and bring the sale price of Tesla electric cars closer to gasoline-powered cars. It’s expected to lower Tesla’s cost per kilowatt-hour, a key metric used to measure electric vehicles’ battery packs. The tabless cells (Tesla is removing the tab that connects the cell and what it’s powering), which Tesla is calling the 4680 cells, will make its batteries six times more powerful and increase range by 16 percent.
Tesla currently sources its batteries from Panasonic and is likely to keep doing so for some time, but moving battery production in-house has been on Musk’s to-do list for some time; in 2018 a shortage of those cells added to production delays. Musk has said the pace of battery production at Panasonic had slowed production of both the Model 3 and the Model Y.
MODEL S PLAID WILL COST $139,990 AND BE AVAILABLE IN 2021
Musk has been teasing the Plaid powertrain for a while, which will be a step above its Ludicrous model. It will have a range between charges of 520 miles, get from 0-60 mph in under two seconds, and a top speed of 200 mph. The price is listed on Tesla’s website at $139,990. Musk had noted in the past that a Plaid trim level would “cost more than our current offerings,” which it does. It will be available in the Model S in late 2021.
A NEW CATHODE PLANT IS COMING... EVENTUALLY
Musk said Tesla will build a new cathode plant for its batteries in North America, part of its quest to reduce supply chain costs and simplify cathode production. It’s also making improvements to its process that will make cathodes 76 percent cheaper, and produce zero wastewater. The company also plans to diversify the cathodes it uses, because of low nickel supplies.
We don’t know where the new cathode plant will be built, but Musk said in July when Tesla announced its next factory would be in Austin, Texas that he would “strongly consider” runner-up city Tulsa, Oklahoma for future projects.
NO MORE COBALT IN THE CATHODES
Tesla plans to eliminate the use of cobalt in its cathodes. Musk has said he wanted to eliminate it entirely in the past — even though Tesla’s existing batteries use very little. Cobalt is often mined under conditions that violate human rights, which has led to a push to find other materials to replace it.
Musk didn’t offer a timeline for when the company will stop using cobalt but said it will make its batteries significantly cheaper.
“It’s absolutely critical that we make cars that people can actually afford,” he said. “Affordability is key to how we scale.”
A $25,000 CAR IS A NEW GOAL
Tesla plans to reduce the cost of its battery cells and packs, with an end goal of building a $25,000 electric car. Tesla will hit this goal using its new “tabless” battery cells, and changing the materials inside the cell, which he said should allow Tesla to “halve” the price per kilowatt-hour, Musk said.
This isn’t the first time Musk has predicted that Tesla would dramatically reduce the costs of its electric cars. He first promised a $25,000 EV back in 2018, which he said was possible within three years.
DotcomJack | Long HODL
(outsourced from TheVerge)