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BITCOIN TREND UPDATE WHAT NEXT?Hello trading friend, ✅This is an update for BTC and with last trends. we have seen before an increasing trend also depending on ETF news. 📈Know that BTC is at top price and it's important to manage the risk in case if Bitcoin gets a massive change trend. Depending on the TA trend Bitcoin are since 62K into the uptrend area. It's important to follow the 59700 trends because if #Bitcoin hits that area Bitcoin could break down more. it's not only about price hit but also with confirmation and time frame, which means at last 1H time frame. some times the #Bitcoin hit the breakdown trend area, but recovery directly into 1H again into uptrend - always wait for confirmation. Yes, the trend is still into uptrend - but it's not the best time to just enter a trade. the same are also for the breakdown trend, we should see first some confirmations trends. What the charts show at this moment depending on Live data: that the trend is into uptrend - at this moment there is still no signals for breakdown trend - but if we hit the price action of 59700 this signals could active. Have a great day.
Long
by watchtrend
3
NEAR - potential trade 🚀🚀NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees. This is an interesting project from a fundamental point of view. It could be a good coin to invest in. If we analyze the coin from the technical analysis side, the price has broken through the triangle and is approaching the important level of $8.57. A good buying opportunity would be after the price squeeze near this level and breakdown. Targets are the local high and the historical high, which is a strong resistance. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
1
#FETCH.AI #FET Blockchain AI momentum squeezeFETCH.AI has some very interesting chart over here. Clear momentum squeeze and it's been sitting on the EMAs for a long time. Big move incoming! If it break down the the risk is very well limited, but if it breaks up, can go parabolic in the next months. Also FETCH.AI is a data blockchain based on COSMOS/ATOM, if the whole ecosystem takes off I expect FET to follow up. Great risk reward ratio. Please like👍, comment🗣️, follow me✒️, enjoy📺! Some referrals with sign up bonuses in case you want to try some new exchanges: AscendEX.com= VLGBGNG6 gateio.pro= 3212526 kucoin.com= rJ6H7JP ftx.com= 4613970 binance.com= ref=60386353
Long
by Ankel-ssj
BTC : Wild short bear appeared! Long is not very effectiveYes yes, I too want to long BTC, been waiting for the past two days, a very long two days since most institutions were closed (boring boring sideways). but it is what it is, a bear flag appeared (dotted pink lines minor channel) in the middle of our current local downtrend channel. 4 easy reasons why short will be the better risk vs taking long: 1. That obvious bear flag in the 4 hour chart, or 3, or 2 or 1 hour, its VERY visible 2. We are closing in towards our local support resistance line (top line in the orange paralel lines) 3. We have broken the 1 week bullish channel (yellow paralel lines) 4. We are closing in towards our weekly local support line (bottom line in the blue paralel lines) The good news is that this bear flag pole is very short, so the correction might not be that bad. Most likely just like everyone has predicted, either towards 59500 - 58000, we can then predict better where BTC will move once that pullback is completed. Where to short? Both are marked with down red arrows A. right after it breaks the bottom blue dotted lines (classic strategy) B. right on top of the blue dotted lines nearing the orange line (riskier, better profit) Its logical too really considering when your barbers and shoeshine boys are starting to discuss about BTC again (and the moon boys shouting and beating their chests on TV chats). Remember, buy on rumor, sell on news. Hope my analysis helps you in someway. Thanks for stopping by, and here is to wishing you catching many profitablemons in your trading journey.
BShort
by Vestige
8
Crypto vs GME/AMC vs Evergrande in the Last 3 MonthsA 3 month chart of the returns as a side-by-side comparison. That red line slowly sinking into nothingness is Evergrande, the lines in the middle are GameStop, AMC, and a random ETF I found on the real-estate market here in the US. How the Evergrande crash will affect the US markets is yet to be seen (it'll probably take at least a business cycle or 2 before the effects of it show up here) but we do know that it will be negative, potentially recession-inducing. As you can see, as the real-estate market dips, crypto is actually doing better, not worse. People liquidating their assets in China may have lead to the runs that we see today -- and right now where the interest rates of banks are low, crypto is the only asset that makes any sense if you want any sort of reliable return. If this trend continues, we could see a jump in crypto prices like never seen before. Crypto is also what you call a "inflation friendly" asset because it's not beholden to supply chain issues like other assets are so it's more likely to adapt to economic conditions much faster -- at the very least, it will be affected differently. But the important thing to pay attention to for the #crypto folks is how this is talked about in public -- if you notice, about a month ago crypto and #blockchain markets have taken a slight hit -- but the media around then started publishing articles how Bitcoin and Ethereum was "tanking" along with the real-estate market, due to Evergrade scares. This is what's called "cherry picking" your data set, since the overall trends show that the two things obviously don't correlate. Don't get caught up in other people's problems, other people's fears, in other words. Misery loves company, after all. Crypto is in for some good times ahead, I'm pretty sure of it now.
Editors' picks
COINBASE:ETHUSD
by RyanTanaka
34
$SUSHIUSDT: Potential uptrend signal hereIf we get a breakout, we can go long $SUSHIUSDT here, with a decent reward to risk, signal could trigger during tomorrow onwards. I'll update it once it kicks in. Strictly technical trade here, I don't think it's justified to expect a longer term move in altcoins here, $BTCUSD's 2 week timeframe signal is a much better candidate for that, but we could get a short term rapid rally here, and the stop loss is tight, once it is active. Cheers, Ivan Labrie.
Long
by IvanLabrie
2