ELON
It's Easy To See with BTC as easy as 123 all the data points are so easy to read. It looks like we should be recovering at least in the short term.
As long as we continue to bounce back off of 28000 I believe even if we ride the bottom for a again just the short term.
We should correct and hopefully return the bull market with new highs in august. worst case we break that 28 bounce back or not an re-enter
a brand new uncharted Bear Market.
Yeah ugly chart but shes oldschool and she works
DOGELON ELON - IT'S ALL ABOUT THE HYPE - CryptoManiac101ELON / USD
It's all about the hype and the tweet, not utility it seems. So what do we do here? Do we just sit on the sidelines and watch as Doggy coins skyrocket with absolutely zero utility or do we analyze and try to enter before the hype in order in possibly increase out holding, in order to then move these profits into crypto projects that matter and have real life use case? Exactly, we leverage what we know and just trade.
In all seriousness, these types of crypto 'projects' are to be trades only with what you're fine with completely losing. Serious!
ACEUSDT Continuation Triangle4hr close outside of the blue triangle will be considered a confirmation of direction (still possible to go down of course). I am expecting continuation to the upside with a target of $1.
This is not intended as financial advice and is intended for educational purposes only!
The crypto market 4year cycle explainedIt has been a crazy time in the cryptocurrency market as dog-themed coins have spiked and fallen while the head of Tesla has also had his own impact on the massive Bitcoin market. Elon Musk has come out against Bitcoin’s environmental impact and tanked the price, but there are a lot of other crazy news events impacting crypto.
Ethereum co-Founder Vitalik Buterin made a sizable donation in a new coin called SHIB, and instantly crashed its price. But Ethereum itself is still doing remarkably well.
Outside of the crypto market, there was also some volatility as Wall Street had a bloody week as stocks plunged for the most part of the week due to fears about rising inflation while only Oil was somewhat unchanged for the week, with tension between Israel and Palestine expected to put a bid under the energy sector as a whole (PrimeXBT source).
The crypto market has a 4 year cycle that lasts within two halving dates. Each cycle session has approximately a 1year bearish market and it takes 3 years to have another all-time-high. Analysis should be confirmed with a strong technical tool like the RSI, which provides key info on who controls the market, either bulls or bears.
Bitcoin Bearish Breakout Confirmed - Ichimoku > ElonYes there is drama on the social medias from Elon that is the "reason" for Bitcoin dropping but the technical analysis setup right now cannot be ignored. There is a confirmed bearish breakout based on the long term Daily Ichimoku cloud traders need to take heed!
Twas the night after ElonTwas the night after Elon
and his infamous tweets
the market is red
there is blood in the streets
this damn thing is dumping
a red wick parade
people keep saying bottom
but it keeps running away
It's a crazy ride down
This could last for weeks
So welcome to crypto
Buckle up, clench your cheeks
TESLA BACK TO THE 700$ AREA?tells stock is touching the major trend line together with a double top formation. I personally think based on this analysis that Tesla could go back to the 680$-700$ range.
I am still a rookie in this game so don't take this as financial advise. This is my first idea that I share so I would love to get some tips.
kindest regards, Niek :)
Dogecoin reach and destroyAs you see that whenever Dogecoin was able to break his own resistance, It created a compression and penetrated the next resistance and broke it as well.
So it can be concluded that it will soon reach the next resistance levels and in the next few days a new ceiling of about 0.84 cents and more will be reached.
Elon is a new PnD standartReminds me of BCN and EMC2, hopefully will be similar behavior and gains (bcn made x500, emc2 x1000)
I believe however lows should be retested, maybe another panicsell, to buy bags for Elon Musk.
Dogelon [$Elon] starts it's Mars MissionA bumpy start but we're seeing a clear uptrend developing. Supported but a fast growing community and strong marketing team. Expecting great things to come.
More meaningful TA will follow as we gather more data. Over and Out.