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Excavo

1.4.2021 - Aave (AAVE / USDT)Hi Traders! It's time for a specific trade, which we will implement today on the daily chart. AAVE is a strong DeFi coin that has a good fundament and in addition, we will trade it against USDT. What is the difference in trading against USDT and BTC? If bitcoin grows, the altcoin will grow more slowly against BTC, which poses a certain risk. However, if the BTC grows, the altcoin will probably also grow against the USDT. This is the basic formula of the market. On the chart, we see a very simple setting, which has been working great in recent months and I use it in trading constantly. We have strong support from below and in percentage terms, we have fallen by about 50% from the top, which in the bull market represents a sufficient correction. The correction lasted 43 days, which we also consider sufficient. We are currently above the trend line and above the moving average , so in my opinion, it is only a matter of time before a stronger movement comes. This is also indicated by trading volumes, which declined steadily during the correction. I would set the first target to the previous maximum - about 526 USDT and the second somewhere in the zone just below 700 USDT (for me exactly 698 USDT). There are more similar opportunities on the market and it is a good chance that if the bull run continues, these coins will grow. May the crypto be with you!
Long
by DolleroTechnology
BitcoinTechnically: locally BTC in the downward channel. There is solid support near the lower boundary. I expect a rebound to the middle line of the channel. There is a strong resistance around 38.2% Fibonacci levels. Fundamental News: 1. Biden's announcement of a new stimulus package of $3 trillion, respectively, a little of these funds should go to a non-inflationary instrument - Bitcoin. 2. Elon Musk with Tesla cars for Bitcoin. 3. Acceptance of Bitcoin all over the world by big players. This correction only plays into their hands for accumulating more volume. Best regards EXCAVO
Long
by EXCAVO
50
The Market Cycle of EmotionsWhen things are great, we feel that nothing can stop us. And when things go bad, we look to take drastic action. Because emotions can be such a threat to an investor's financial health, it is important to be aware of them. This awareness can then protect you from the negative consequences of impulsive and irrational reactions to these emotions. 1: Optimism, thrill and euphoria Investors all start with optimism. We commonly expect things to go our way, or we tend to expect a return for the risk of investing. As expectations are met, it is common to get excited about the possibility of even greater returns and the excitement becomes thrilling as the returns exceed expectations. At the top of the cycle is when investors experience euphoria. But it is here where investors are at the point of maximum financial risk. When we believe everything we touch turns to gold , we fool ourselves into believing we can beat the market, we cannot make mistakes, that excessive returns are commonplace and that we can tolerate higher levels of risk. 2: Complacency, denial, hope The second phase of the cycle occurs when the market stops meeting our new lofty expectations and begins to turn. At first, we anxiously watch the market for any signs of direction. Anxiety turns to denial and then quickly to fear, as the value of the investments decline. Many people will then start to act defensively and may think about switching out of riskier assets to more defensive shares or other asset classes such as bonds. 3: Panic, capitulation, despondency In the third phase of the cycle, the realities of a bear market come to the fore and an investor may become desperate. Many panic and withdraw from the market altogether – afraid of further losses. Those who persevere become despondent and wonder whether the markets are ever going to recover and whether they should be there at all. Ironically, at these times, an investor will commonly fail to recognize they are actually at the point of maximum financial opportunity. 4: Skepticism, caution, worry In the fourth stage of the cycle, investors may experience some skepticism when markets start to rise. They often have a sense of caution or worry, wondering if market growth will last.—and may be reluctant to invest money in the market at a point when prices are still relatively low and opportunities are attractive. What are the consequences of this emotional roller-coaster? Emotions turn rational investors into irrational investors. So it is important to remember that markets move and investments will always go in and out of favour. Developed, diversified long-term financial plans are placed in jeopardy when investors are confronted by extraordinary events because we are guided by our emotions. This is where the role of the financial advisor is of utmost importance – your advisor can help you separate your emotions from reality and endeavour to steer you on the path of rational investing. You can also help to avoid the emotional roller coaster by being aware of the emotions you are likely to experience. The five most common behavioural pitfalls are: Overconfidence – when investors over-rate their ability to select winning shares or investment managers. Loss aversion – research indicates a loss causes about twice as much pain as a gain causes pleasure. During periods of market volatility investors experience the sense of loss more acutely. Chasing past performance – we see this time and time again, but unfortunately, individual investors who abandon a well-diversified portfolio for bonds, or even cash, may be jeopardizing their future financial security. Timing the market – It is difficult to correctly predict the market's movements. Failure to rebalance – the risk/return characteristics of an investor's portfolio should be independent of what's happening in the market and this means selling high and buying low.* The temptation to fall into one of these traps can be resisted by developing and committing to a well defined, long-term investment plan. This may be the best way to protect yourself from your emotions. Diversification does not assure a profit and does not protect against loss in declining markets. People do not change over time. Information and actions of the consonant received information people do the same actions. Best regards EXCAVO
BITSTAMP:BTCUSDEducation
by EXCAVO
59
17.3.2021 - UMA (UMA / BTC)Hi Traders! Even smaller cryptocurrencies do not escape our attention, and today we will explain a specific pattern on one of them - "cup and handle", or a round bottom. What is a cup and handle? It is one of the basic and very popular patterns. You won't find it on the charts as often as, for example, a triangle, wedge or other well-known patterns. It is really quite rare, but it has a high success rate and RRR (Risk to Reward Ratio). We can already tell from its name that this is the bottom and it should be nicely rounded. You can also see the cup and handle on the UMA / BTC pair. Typical for this pattern is that it is very difficult to draw trendlines, as well as the fact that volumes are starting to increase at the bottom (in our case, they did not yet). It is these increasing volumes that the demand for a given cryptocurrency increases. After completing this pattern, the chart should look like a bowl - ideally as symmetrical as possible. UMA / BTC We see one very nice round bottom on this pair. I would expect growth in the coming weeks and months. In terms of numbers, it could be a growth of about + 150% . Sometimes the whole movement is done through one big pump and other times it goes into the shape of a symmetrical bowl. In any case, from the point of view of a possible evaluation, this is a cryptocurrency, to which you should pay increased attention in the near future. May the crypto be with you!
Long
by DolleroTechnology
4.3.2021 - Binance Coin (BNB / USD)Hi Traders! In today's analysis, we will take a closer look at the BNB exchange coin. However, we will try it a little differently and we will not analyze a specific trade, as you are used to. The BNB has undergone almost incredible growth in recent weeks - in numbers, it is 861% in 21 days. At the same time, it created its new ATH at USD 349 . During the big drop in prices a year ago in March, its price was around USD 10 (minimum at USD 6.32). The BNB has grown since this level by more than 2,200%. FUNDAMENTAL BNB is a Binance exchange coin, which is the largest crypto exchange in the world. It leads in trading volume and is one of the largest in the number of users. So if the exchange succeeds, their coin should also succeed. Binance has a clear policy and a very well-established ecosystem around the BNB. Exchange clients are motivated to hold the BNB, as they can get up to a 50% discount on exchange fees. The equation is therefore quite clear - the more users and trades, the more BNB is held. This, of course, increases demand and reduces supply, which has a significant effect on price growth. Not to mention that many investors buy and hold BNB as HODL. TECHNICAL ANALYSIS From the point of view of technical analysis, it is already a bit worse and the extreme growth just mentioned is to blame. Similar growth will always take its toll , for several reasons. The main one is untested supports. After breaking the maximum, the BNB immediately went into exponential and we know that support is support only when it is tested. As BNB only grew, it failed to create any significant supports in the process. If a correction comes, it is difficult to determine how deep BNB can fall. Given the strength of growth and evaluation, even if BNB fell by 30%, it could still be considered an excellent investment. The best thing that could happen to BNB now is that it will move to the side for some time, or slightly fall and create a structure at this price level. Creating volume and supports at this level would mean that users are willing to trade BNB at these prices as well, thus creating an excellent basis for further growth. Currently, I do not dare to estimate where the BNB may fall. Anyway, I marked 2 supports on the chart, which we could hold. May the crypto be with you!
by DolleroTechnology
24.2.2021 - Bitcoin (BTC / USD)Hi Traders! In recent days, bitcoin has become the centre of your questions again after a major decline. Is the bear market coming again? Where will this correction stop? What to do? We would certainly not talk about the bear market in the current situation. The decline of the bitcoin price was due to the values at which it was last weeks. The fact that it fell by as much as 22% is nothing out of the ordinary, and in the last bull run, momentary declines of up to 40% were nothing strange. Moreover, from the point of view of fundamentals, practically nothing has changed. What type of correction are we currently tracking? This is a more complex question and there are several options: 1. Triangle As a first option, we are offered a triangle, which would mean that we would move in a triangle formation for about 2 to 3 weeks and then head up again. 2. ABC correction The second option is ABC correction. However, it should be noted that this can also take several forms. In general, the strongest support would be at $ 40,680. 3. Other On a theoretical level, we must also admit the fact that it could be some form of channel or distribution. There are really many possibilities for correction structures. At this point, we cannot say clearly what type of correction it is , as we do not have enough data on the chart yet. What to do next? Currently, the only option is to watch the chart and trade intra-day until the chart shows what formation is going to form . Once we find out, we will be able to determine more precisely the decline target as well as the target for further growth. May the crypto be with you!
BITSTAMP:BTCUSDLong
by DolleroTechnology
3
18.2.2021 - Ontology (ONT / USD)Hi Traders! Last week we looked at EOS, where we pointed out its great potential, and today we will do a similar analysis of Ontology cryptocurrency (ONT / USD). Let's not forget that bitcoin currently exceeds the $ 50,000 mark, which has a significant impact on the entire market. First of all, we would warn against high expectations. The fundament around this coin is not as strong as it used to be, as new projects and new technologies are still coming to the market. Nevertheless, we think that the ONT still has great potential, which we can turn into an evaluation in the coming months. The ATH of this coin is above $ 12, but if we count also with overall fundament, we would aim at a maximum of $ 5.51. In this chart, we can also see 3 basic cycles - growth, decline and consolidation. In this case, however, it's a little different than last week at EOS. Week ago, ONT broke the trendline and thus also the consolidation structure. Of course, this does not mean that we have to climb to the targets immediately. Growth should gradually accelerate upwards and we see this trade in a few months' horizon (up to the summer). From the point of view of targets, we would again step out of the trade gradually and "preserve" profits. The most important thing in this chart is the broken trend. We have a clearly defined trend and, if nothing fundamental changes, this chart should continue to grow. May the crypto be with you!
BITFINEX:EOSUSDLong
by DolleroTechnology
ETHUSD in an Asc. channel, Buy pullback with new ATHs as targetPlease Support this Idea with LIKE if it is Useful.... ETHUSD The price is moving in an asc. channel, after a pullback towards the support structure, If price holds above the support I expect the price to move higher and form new ATHs.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITFINEX:ETHUSDLong
by Stargazer_fx
30
BITCOIN(btcusd), where to BUY ??__where to SELL ??Please Support this Idea with LIKE if it is Useful.... BITCOIN The price is forming a triangle shaped structure, we can't buy or sell at the movement, it will be very risky decision, I suggest to wait for a confirmed breakout of the structure and trade the breakout. Trade with proper SL.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITSTAMP:BTCUSD
by Stargazer_fx
26
EURUSD forming bearish H&S pattern Sell the breakout (+170 pips)Please Support this Idea with LIKE if it is Useful.... EURUSD The price is forming potential H&S pattern and price is above support structure at the moment, wait for the price to break below the support then after a pullback If price continues to stay below the support/resistance structure, I expect the price to move lower towards the support level for 170 pips. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by Stargazer_fx
8
AUDCAD, wait for support break to Sell for 160 pips on pullback.Please Support this Idea with LIKE if it is Useful.... AUDCAD The price is above support structure at the moment, wait for the price to break below the support then after a pullback If price continues to stay below the support/resistance structure, I expect the price to move lower towards the support level for 160 pips. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by Stargazer_fx
9
EURJPY above support & trendline support, Buy setup for 100 pipsPlease Support this Idea with LIKE if it is Useful.... EURJPY The price is following an ascending channel and price is also holding above support, If price continues to hold above the structure, I expect the price to move higher towards next resistance structure.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
14
EURUSD back above support, +130 pips growth expectedPlease Support this Idea with LIKE if it is Useful.... EURUSD The price came back above support structure, If price continues to hold above the structure, I expect the price to move higher towards next resistance structure for +130 pips with 2 targets.... Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
14
AIRBNBAirbnb raised $ 3.4 billion during its IPO at the end of 2020. Airbnb is a technology company that has brought home sharing in over 100,000 cities around the world. During the pandemic, tourism came to a standstill, and companies like Airbnb were hit hardest, as all business is tied to travelers. Due to world events, market participants no longer believed in Airbnb's IPO this year, but the company was able to. At the moment, the price is moving above the middle of the ascending channel. The target is the line of resistance. Best regards EXCAVO
NASDAQ:ABNBLong
by EXCAVO
14