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DOGE When will the lift off be? Possible 424% gains ahead?Hello Traders, For you and for some others it may not seem like we have hit a bottom yet in these markets. For me and my opinion, it seems as we have. This is a simple low leverage trade or a spot trade. The smart thing to do if you wanted to enter on this trade would be to enter with 50% allocation at the entry zone area at .06722 and hopefully, get a larger pullback without a new low allowing you to add an additional 2 entry points inside the "SPOT/3x LEVERAGE ACCUMULATION ZONE". This can be your choice as I would wait until price action actually entered this area prior to setting a hard entry and do a top down analysis once or if that day comes. Thanks for the read and would love to hear your helpful and thought out options with some TA in the comments, Savvy
Long
by Savvythe1
BTC live chart update 2/1/23 5:55pm ESTMain Note update It is possible that we head up to fill the upper gap on BTC1! at $28,740 before coming back down to fill the recent one made at $19,995. I am playing safe and made a 3x long position to hedge the two shorts I am averaging into and now a possible 3rd if BTC heads to fill the upper gap first. 1st New Arrow note on chart in white. If Price breaks the resistance below and heads to fill the gap to the left on the chart, I will be adding another bullet to my short there and likely closing my long hedge play. Which means I will pull my stop losses on the shorts and look to enter another around where the futures gap is similar to the 3rd trade box I posted. 2nd New Arrow Note on chart in purple If this turns out to be a falling wedge the target would be exactly where the upper gap is. 2/1/23 ~~~~ 5:55 pm Est
by Savvythe1
XRP Second Time is the CharmHello Traders, Previously we went over an analysis on XRP coming to a major resistance zone. As you can see here we have pulled back from this area and now have bounced off of the lower support zone after some consolidating. That consolidation seems to have formed a bullish flag continuation pattern in which has a target that would shoot the price action above the resistance area shown on the chart to $1.16. It is very possible on this attempt to break up over the resistance zone for multiple reasons. The first two are technical reasons and the first being the Bull flag structure that is forming in the consolidation the price action is currently in. This being a continuation that generally extends the same length of the flag's pole stacked on top of where the price action breaks out of the top of the flag it is largely bullish, the second reason is the more times a resistance or a support for that matter are tested by the price action knocking on its door to break through, the more likely it will eventually do just that. I generally look for 3 or more attempts to see a break, which leads us to the third reason I see the resistance being broken through and that is a fundamental reason. That reason being in regards to the SEC case against XRP seemingly coming to an end and favoring Ripple the company responsible for creating XRP. If this SEC lawsuit against XRP is dismissed I would expect this to be very bullish for not only XRP but, also for many other cryptocurrencies as it would set a lot more clarity on laws that have not yet to be made in regard to this sector. Regardless, this coin has been highly suppressed from this suit and if won would be re-listed on all major exchanges being that it still holds weight being in the top 10 when it comes to market cap of all other coins XRP is still 6th largest market cap albeit knuckle deep in a lawsuit with the US government financial watchdog headed up by everyone's "favorite" Gary Gensler. The listing of this coin on major exchanges alone would give this one a nice pump, along with the case being dropped and XRP's already set in stone Major partnerships with financial institutions such as Santander (USA) Canadian Imperial Bank of Commerce (Canada) and Kotak Mahindra Bank of India just to name a few would most likely cause a utility pump due to these world banks "flipping the switch" as stated by Brad Garlinghouse and the Ripple team referring to the readiness of the utility of the XRP technology to be implemented with the banking services of their many world bank partnerships. Between the technical and fundamentals on this one, I am excited to see how high it can go. I personally am looking for targets at $6,$28,$64 and even into triple digits by the end of this year. I implore you too do your own research on what XRP has set out to do, what the implications of a win in this case will do and what the outlook of the price may be after it is all said and done! As always, have a GREEN week! Savvy
Long
by Savvythe1
Jasmy Trading Plan and EducationHello Traders, Today I wanted to discuss being prepared prior to making a trade. It is quite often I see people asking what to buy but, rarer that people are interested in when to buy or what to do after. Finding a good asset is only half of the battle, knowing when to buy and where to take profits are just as important as what to buy. Here I have put together a trading plan for the asset Jasmy. What I first noticed about this asset was, the potential declining channel as labeled on the chart. A declining channel is generally a bullish indication that market participants have been selling and buying in a manor that presents this bullish consolidation. Once I have identified market structure on a higher timeframe as I have in this daily chart, I find it helpful to zoom in on smaller time frames and check my indicators for signs that prove my theory as well as signs that disprove my theory as to keep an unbiased opinion, making for a better decision with my potential investment. Step 1: Labeled in White Let the chart tell the story, not your emotions! One thing I will often look for is bullish divergence on both the MACD (which my favorite is finding it on the histogram as this seems to be the most accurate to read imo) and the RSI. Other things I will look for is a cross or impending cross of the MACD line over the signal line on the MACD indicator as well as a cross of the signal line over the zero line on the histogram. If you notice on the chart I have labeled both of these for you with arrows pointing to the histogram as well as the MACD line crossing up giving a bullish signal to buy. You can also see the blue line indicating the bullish divergence that I drew on the MACD Histogram which are the green and red vertical bars also labeled on the and pointed out on the MACD indicator. Lastly the oversold RSI bouncing off of the 20 line. These are a few indications that the downtrend may be completed and that the declining channel may be breaking upward. Here is a labeling of the MACD for further understanding of the indicator. Step 2: Labeled In Yellow Now lets get to the structure breakout. As you can see, I have clearly labeled the declining channel and placed an area of breakout shown with a green arrow pointing to it so you can easily identify the price action coming out of the channel. What you want to look for is exactly what is happening now with the current days price action popping out into the small channel that is labeled in green. This is a good buy area. Step 3: Labeled in Green Now you will need to set your target. First you will take your measuring tool out from the measurement tool section and measure the length of the top to the bottom of the channel. You can also just draw a line from the top to the bottom of the channel. After you do this, right click and make a clone of the measurement. Now, it is important to find the breakout of the channel and place the bottom of the clone where the price action breaks out. Since we already have price action in the breakout area you can place the measurement at that area. Step 4: Labeled in Teal Now it is time to find the best entry points for your trade. I generally enter with 50% of my allocated trade amount at first. My allocated amount is generally 3%-%5 of my overall holding amount in that account. I enter with half as sometimes you will see a false breakout that will come back in the channel and you are able to enter with a better position before the actual breakout. With this I like to add another buy box at the bottom of the channel just in case the price action gives me this opportunity. If a clear breakout and retest present itself I will enter the other 50% of my position. Step 5: Labeled in Pink Place your stop loss underneath the last swing low before the bullish breakout of the channel.
Long
by Savvythe1
3
Coti Hello Traders, Today’s analysis is on COTI. This coin has been hot in the past and I’m looking for a nice little play on this falling wedge idea you see here. One thing I have noticed often that will happen in a falling wedge (which is one of my favorite bullish consolidation reversal patterns) is that, the initial breakout of the pattern (this one technically the second as you see there was a fakeout breakout) generally will hit the .5 fib which is marked as target #1 & #2 only because I am not sure if the price will react to the .5 fib starting at the wick at the bottom or the recent price action, I’m betting it will hit #2. Anyways, my plan with these patterns generally is to buy the breakout, sell about 50%-75% of my position at the first 2 targets and then re-enter with my profit at the rebuy zone and ride the price action to the main target at .5863. Of course I will be watching this trade along the way as to assure my plan unfolds correctly. The furthest target #4 is based on the 1.618 fib. In all hopes that we do not experience anymore flash crash foolery, we should be having some green action here soon! If you enjoy my analysis, please leave me a like and a comment and tell me what you think! As always, below is a fundamental analysis and some information on where to find #COTI to purchase! Have a GREEN week folks! SAVVY ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ FUNDAMENTAL ANALYSIS COTI Price Live Data The live COTI price today is $0.317124 USD with a 24-hour trading volume of $34,268,180 USD. We update our COTI to USD price in real-time. COTI is up 2.98% in the last 24 hours. The current CoinMarketCap ranking is #182, with a live market cap of $275,476,576 USD. It has a circulating supply of 868,672,118 COTI coins and a max. supply of 2,000,000,000 COTI coins. If you would like to know where to buy COTI, the top cryptocurrency exchanges for trading in COTI stock are currently Binance, Mandala Exchange, Huobi Global, Bybit, and KuCoin. You can find others listed on our crypto exchanges page. What Is COTI (COTI)? COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money. COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers. COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March of 2017, while the Staking Platform Launched on Jan. 1, 2020. It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive and fast. The ecosystem has DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution and a payment gateway. What Makes COTI Unique? The thing that makes COTI unique is COTI’s platform. This platform enables companies to effortlessly create advanced fintech products and save time, data and money. COTI pay can process every kind of payment type, both in terms of online payments as well as offline ones. This includes crypto and stablecoins, as well as credit cards and even native coins. It has built-in financing to boot, with interest earned on deposits and loans. This also connects with the white label payment network. Traditional payment systems simply cost both merchants and customers amounts up to billions of dollars on an annual basis. As such, the white label payment network is a global payment network for users and merchants that make transactions freely throughout a digital wallet, coin and much more. COTI is also the world’s first platform that is optimized for the creation of coins that are stable in price. As such, a user has the ability to issue their own stable coin and regain full control over both their money and their data. How Many COTI (COTI) Coins Are There in Circulation? COTI (COTI) has a maximum supply of 2,000,000,000 COTI coins. How Is the COTI Network Secured? COTI has an infrastructure that is based on the DAG protocol and their Trustchain algorithm. Above this infrastructure layer lies the services layer known as Coti X. Coti X offers KYC and compliance, interoperability exchange, buyer-seller protections and stability frameworks. Then you have the COTIPLAY layer, which offers externally developed stable coins, externally developed payment apps and much more. COTI uses a hash table as its data structure which is based on chaining. This means that the blockchain itself can secure the computing and privacy of customers. The COTI protocols have made the system a lot more secure for both buyers and sellers. As such, COTI has an ecosystem that provides robust cybersecurity measures around data integrity as well as confidentiality. The COTI wallet is based on the React Native Framework and provides cross-platform functionality and portability. The COTI wallet requires user credentials and is paired with 2FA login in order to establish a connection with the node manager. Once this is established, all communication requires the wallet’s seed. This means that all of the messages are validated and no spoofing or manipulation is possible within this system.
Long
by Savvythe1
2
Bitcoin and How the Crypto Money FlowsHello Traders, Today I wanted to discuss something that will help you in your crypto trading journey. Today I wanted to give you an idea of how the money flows in and out of crypto. I am sure from time to time you have wondered why some coins moved the same as bitcoin and others moved when Bitcoin was going down. Well today you will understand that a little bit better. How Does Money Flow In Crypto? Fiat The Crypto Money Flow Cycle begins with Fiat. Whether that’s the US Dollar , the British Pound, or the Euro - cash is needed in order to make a cryptocurrency investment. Bitcoin The typical cryptocurrency investment will start with Bitcoin as it is the world’s most notable cryptocurrency. And as more investors dedicate a portion of their income/savings into Bitcoin , the price of the asset will rise. When Bitcoin’s price rises, it is at this point in time where investors are enjoying enough returns to start thinking about how they can build their wealth even more. Inevitably, they stand before the decision of whether to simply buy more Bitcoin… Or to allocate some of their funds and build exposure in other cryptocurrencies. These coins that are Alternative to Bitcoin (i.e. “Altcoins) are likely offered on the very same exchange where the investor bought their Bitcoin . Large Caps (i.e. predominantly Ethereum ) During Bitcoin uptrends, investors develop a growing need for a higher return on their cryptocurrency investment. Which is why they seek to diversify their funds into Altcoins like Ethereum . Ethereum is arguably the most well-known cryptocurrency as an alternative to Bitcoin and is often the next logical choice to building a diversified portfolio. And though a well-established platform by now, Ethereum is still a smaller cryptocurrency by Market Capitalization compared to Bitcoin . So theoretically, an investment in Ethereum carries more risk than an investment in Bitcoin would. On the flip side however, an investment in Ethereum would yield higher returns compared to a Bitcoin investment. This change in risk is important in the context of the Money Flow Cycle as it highlights not only how investors tend to lust for higher returns on their cryptocurrency portfolio but also how the risk appetite of these investors grows as the Bitcoin uptrend rises. Mid-Cap Altcoins That being said, many smaller Altcoin projects are built on Ethereum , which is why Ethereum is often heralded as the leading indicator for increases in the valuations of smaller Altcoins. When Ethereum appreciates in price, the prices of smaller Altcoins rally shortly thereafter. However, these Altcoins are less known by the general public and therefore attract less investor interest. For that reason, these Altcoins have a smaller Market Capitalisation compared to Ethereum , let alone Bitcoin itself. Compared to Large Cap Altcoins like Ethereum , Mid-Cap Altcoins have the potential to rally even higher when they generate interest from the cryptospace, generating a far higher Return On Investment while simultaneously carrying much higher risk than Large Cap Altcoins. Small Cap Altcoins Small Cap Altcoins are high-risk, high-reward investments and tend to rally exponentially at the very end of the Crypto Money Flow Cycle. As investors get in the habit of adopting more of a risk-seeking approach and circulating their profits into smaller and smaller Market Capped cryptocurrencies, inevitably they set their sights on higher-risk, higher-reward investments. Which is why these types of Altcoins tend to rally multiple the gains that Bitcoin or Ethereum offers such as 2x, 4x, 10x or even more. And as the prospect of reward in a seemingly never-ending uptrend appears evermore attractive, the risk appetite of investors imperceptibly grows alongside it. Low Caps are the last Altcoins to rally in a Crypto Money Flow Cycle as investors have no other coins to circulate profits to. In fact, many investors decide to book their profits at this time, securing their profits either in Bitcoin (if they’re trading Altcoin/ BTC pairs) or in Fiat (if they’re trading Altcoin/USD pairs). Back to Bitcoin or Selling into Fiat When Small Cap Altcoins rally exponentially (yielding investors a multiples-worth of a return on their initial investment in the process), this sort of euphoria-fueled buy-side pressure precedes one of two things: Money Flow back into Bitcoin or Money Flow back into Fiat. Should investor capital flow into Fiat, it is likely that a corrective period for cryptocurrencies will lie ahead as this is a moment in the cycle where investors secure their profits and de-risk completely from their cryptocurrency investments, causing asset prices to crash. However, sometimes this money flows back into Bitcoin , further fueling the uptrend and preceded further Money Flow back into Large Caps, Mid-Caps, and Small-Caps once again. Especially during bull markets, cryptocurrencies experience a handful of micro-Money Flow cycles within a larger, macro Money Flow cycle before enduring a market-wide corrective period where Money Flows out from the market and finally into Fiat. Now that you have a better understanding of how the money flows in and out of crypto you may have a better understanding of why different coins move at different times. As always, have a green week! Savvy
Long
by Savvythe1
4