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BITCOIN | Above The Strong Area, Might Be a Possibility?!Hi, After the new ATH, the price of BTC has been in the consolidation range around $60000 - $64000. Have been monitoring this area quite a lot and actually, there have been some breakouts that are good but still the price didn't get the momentum afterward. Now we might have a tiny opportunity to get involved in the short-term or maybe even long-term, who knows. The price of Bitcoin has made a break above the strongest area around the mentioned price range and you can act almost immediately or wait for a bit better price at $61500. I'm still a little bit concerned about the lower wicks, does the price wants to fill them or not. In general, these are good it shows everyone buys the dip basically. So, do your own analysis and if this analysis was helpful then you can act as you wish. It is still quite risky because the price is in the middle of the range the odds should be slightly in our favor, let's see how it rolls out. Regards, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
5
Current Bitcoin DowntrendNot the worse change of trend for Bitcoin. Not surprising after a new all time highs Bitcoin cools off a tad. It's cool to see that most of the price recognition for October has happened at $60,000 - $61,000 serving as the point of control (POC). Since we've hit new all time highs the trend has been pointing down. We've really been flirting trying to hold support at $60,000 but as long as this short term trend is down the $55,000 -$57,000 area will be very important to hold if price continues to decline. We have lost momentum on the stochastic RSI on the daily and have bearishly diverged on our MACD so keep that in mind as a change in trend could come. But as of now the trend is pointing down. We may be on the way to retesting the 0.786 Fibonacci level at $56,200. Price and sentiment are holding up well for Bitcoin still.
COINBASE:BTCUSDLong
by peacefuljustin
AAVE Undervalued Will Rise.AAVE is the biggest DeFi lending protocol in cryptocurrency with $16 Billion total value locked ( TVL ) and has been moving a little sideways since September 20th from $260 - $315. We've been trading under the point of control (POC) at roughly $360 -$386 were the majority of buying and selling for AAVE has occurred since January earlier this year. Still a nice run up back to the the 0.382 Fibonacci level at $360 from these levels. $287 has been a sturdy support level since last month. AAVE has also deployed on the Avalanche ecosystem this month further expanding their services and adoption. AAVE has experienced a 1000%+ gain in total value locked ( TVL ) from October 2020 were it was just under $1 Billion. That trend only seems to be getting larger. The TVL on AAVE is bigger than the current market cap of $4 Billion. Keep AAVE on your radars! This is a fundamentally strong cryptocurrency that will continue to grow. AAVE has been marinating still a nice amount of room on the RSI as well. Much peace, love, health, and wealth!
Long
by peacefuljustin