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#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
36
$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
BTC story so far...Go back to the beginning of Bitcoin and you will see the early adopters and the tech wizz kids where the only real active users. Think of a million dollar Pizza. These guys knew they where on to something, but maybe had not realised exactly what - I know this to be the case for me personally buying in around 2011! Just thought I would take a punt. Then comes along something new and shinny - more innovation inside innovation = just Brilliant. But to really get this going, where are the banks and the investors? They later changed the name to Ethereum... Ah ha; Once some of the institutional money came in, many new traders assumed this was only a one way ticket! Thus, causing many to jump on the wagon. Until the lovely bank manager - let's call him Composite man, decided he wanted to take some profits from this market. You can see this as clear as day here; Which just happened to line up with a wave 3 in Elliott lingo; And this is why I called the warning shot in March. You will not believe how respectful Bitcoin is becoming; Interesting times and next roadmap to be plotted soon! I'll leave you with a Have a great week! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
5