GMT
📊ETH: is top 1 altcoin make it? The whales pattern again!Hi friends, today I will explain how to open a trade after a manipulation using the example of Ethereum and identify the closest targets.
🚩A few weeks ago I posted this idea without excluding a downside breakout. Long traders who were buying altcoin in a wedge became the fuel for the fall. After the bull trap, Ethereum fell by 39%. The global wedge did not work according to the rules of classical technical analysis this time and in the cryptocurrency market you need to learn to think outside the box.
What's happening now? Etherium is making a local triangle, which is very likely to break up after a 40% drop, but there has to be a bear trap first.
📊🐻The algorithm of the bear trap (manipulation):
1️⃣ A big player sacrifices some of his capital and pushes the price down.
2️⃣ The triangle breaks down and short traders open their positions to short, and long traders get scared and may close their longs, thus giving their liquidity to the big player.
3️⃣ Price returns to the triangle and then breakout it. Short traders start to buy back Ethereum to close their losing shorts, and long traders start to buy again, because they turned out to be right.
4️⃣ As the price rises, the whale sells off all of its altcoins and the price changes direction.
🐳WHALES ARE IN PROFIT AND RETAILERS ARE IN LOSS! THAT`S HOW IT`S WORK!
✅The key level. I marked the key level of $1,804, where the price can also fall. This is a very attractive level for the whales, under which a lot of traders' stop-losses are located.
In the first and second scenario, pay attention to the volume indicator as shown in the example. They should go up - this means that a big player has bought.
🎯 The targets:
1. $2288-2450
2. $2770-2990
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
✅Is GMT ready to PUMP? Long after the false breakout! 📈Stepn (GMT) is now in a triangle and according to technical analysis should break up. But will it really do that? In this idea I will explain to you where you can open a long with the highest probability of success.
✅Why is a long more possible? After bouncing back from the bottom by 100%, retail traders have started to accumulate altcoin in a triangle. On a local manipulation and a break down, a large number of GMT will sell off and a big player will accumulate enough position for a Long. Do you want to be like a big player?
🎯The targets:
1. $1.86-2 - value area, round number
2. $2.61-2.8 - value area
📊What do you need to pay attention to?
🔶The volume indicator will help you understand if a big player bought on this manipulation. The volumes should increase!
🔶Keep an eye on Bitcoin. Altcoins very often repeat its movements, so if there will be such a manipulation on Bitcoin, then also on GMT.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
#GMT/USDT RE_ENTRY !!Hello, dear traders welcome you to this GMT /USDT 4hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
As we can see from the above-mentioned chart that GMT /USDT is printing an inverse head and shoulder-like pattern which can happen.
If a triangle pattern creates and retests the green zone and then we can take a long entry:-$1.50,$1.56.
GMT has a resistance zone between $2.21-$2.20 which is the longest and strong resistance zone.
and stoploss:-$1.40
If we take an entry at the neckline level of an inverse head and shoulder pattern then we can gain almost 50% to the resistance level and if it breaks the resistance then more % will add.
We will keep updating you.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#GMT/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, dear traders welcome you to this GMT/USDT 4hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
As we can see from the above-mentioned chart that GMT /USDT is printing an inverse head and shoulder-like pattern which can happen.
If an inverse head and shoulder pattern creates then we can take a long entry:-$1.27,$1.42.
GMT has a resistance zone between $2.21-$2.20 which is the longest and strong resistance zone.
and stoploss:-$1.12
If we take an entry at the neckline level of an inverse head and shoulder pattern then we can gain almost 50% to the resistance level and if it breaks the resistance then more % will add.
We will keep updating you.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
✅⚙BTC: market mechanics! Global and local view!📊Hi friends! Globally, Bitcoin looks very good: it has tested the lower boundary of the channel, closed above the key level, and volumes are up. But why there is no strong pullback, no price reaction? In this idea I will explain what you additionally should expect from the market in the coming week, so that you can open a trade in the direction that is more possible.
📊Weekly. Globally on Bitcoin, we see the test as support of the lower boundary of the channel and even a close below it. But what to expect this week? Pay attention to the volumes - they are lower than they were last May 2021. That means that not enough traders have liquidated and they are not in a bigger panic than they were a year ago.
💹This is negative for the price , because for the market to grow you need to have retail traders scared and sell all their Bitcoins and Altcoins to the big players, and that's not happening. There is no capitulation of the retail trader and investor.
70-80% of people who have been accumulating their positions in the $30-67k range for over 1 year should capitulate (there should be a huge liquidation on volume). This is the first sign of a trend change in the crypto market. If you don't know what a trend is, you can read in detail in this tutorial idea.
📊4 hours. The area of accumulation of long positions is highlighted in green, after which this liquidity became fuel for the 33% drop. Most in a panic closed their positions by market orders, in order to stay at least with some balance.
💹Locally the price is forming a bearish (rising) wedge, which indicates the weakness of the buyer and the fear of the retail investor. There could be a 26% drop to the $24-25k level according to classical technical analysis.
Also, about 2 weeks ago I talked about Bitcoin falling in the short term when similarly there was no sign of buyer strength. The price dropped by 35% and a lot of traders took advantage of that ideas.
🚩What would be the additional trigger for this fall? If the SnP500 continues to fall this week, a fall in Bitcoin is extremely likely! There is a very high correlation between the cryptocurrency market and the stock market for the last 2 months.
⚙This is one of the scenarios that can be expected. Also, Bitcoin could repeat the consolidation of the summer of 2021 with liquidity collection and stop-loss takes out.
✅Friends, what are your ideas about the market? Will there be a rise, a fall or maybe a consolidation? Write in the comments! That way we can understand the sentiment of traders on TradingView who actually trade in the market!
Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊BTC: which cycle does Bitcoin copy? 2018vs2020💹Should we wait for a quick recovery and a Bullrun or will accumulation starts again? Bitcoin is already down by 60% from its ATH. But it is important to understand what scenario Bitcoin will follow. I decided to take two examples from history of how the major crypto-boss was recovering.
🚩Bottom of 2020. Conditions for recovery:
1. Black Swan - Covid-19 pandemic.
2. Fed printed a lot of dollars to fight the crisis. As a consequence, inflation began to rise and the dollar began to depreciate. $4,000 a year ago=$4,200 today for the same Bitcoin.
3. After getting unemployment benefits, a lot of retail investors started investing in crypto.
✅Now we can repeat the V-Shaped Recovery as in 2020. That means by late summer/early fall Bitcoin will be near the upper boundary of the channel, around $70K.
🚩Bottom of 2018. After a year of consolidation and falling by 80% from the ATH, Bitcoin began to consolidate again. Conditions for recovery:
1. The biggest economic growth cycle of 2009-2021 was at its peak. Bitcoin was able to return to $14,000 in a few months - up 400% from the lows.
2. Capitulation of retail traders and investors. After such a long and debilitating decline, all retailers were desperate and sold their crypto to the big players.
3. Interest in crypto only grew among institutional investors and experienced traders even in spite of the fall. Everyone put their money into crypto because they saw its obvious advantage over fiat currencies.
4. The main part of cryptocurrency exchanges, such as Binance, began to launch and investing or trading became more accessible to anyone with any deposit.
✅If the Accumulation scenario repeats, we will see Bitcoin at $100,000 close to New Year, not only paired with UST, but also with USDT or USDC.
📊What is now in 2022:
1. Economic and market sentiment indicators are showing traders and investors panic.
2. All global financial markets are under the pressure because of FED raising rate.
3. Global political disasters.
4. Crypto continue to grow it`s popularity. Investment funds increase their investments in cryptocurrency projects and fintech startups every quarter.
5.The topic of crypto is on the rise, even though Luna has fallen by 99%.
💻What scenario are you looking at? Share your idea or a picture of the chart in comments! Let's discuss them with the whole crypto community!
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
GMT - Buying strategyBYBIT:GMTUSDT
1H trend chart
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GMT keeps consolidating and the low points are getting higher gradually.
If price can overcome the downtrend line, trading strategy as below.
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Profit Targets:
a) 1.7342-----Fib(1)
b) 1.987~2.0893-----Fib(1.272~1.382)
Stop losses:
a) The relative low point after breaking out downtrend line-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
💹This indicator is close to show the BUY signal! Don`t miss!Technical or fundamental analysis? What if all together in one algorithm with simple use?? If you are looking for different methods of trading, in this idea I will talk in detail about the 🔋Greenwich indicator.
📊Why do you need to use indicators? The indicator helps to make only data-driven decisions. No emotinal, technical or fundamental decision. If 'Buy' ✅ signal apears - you can open a LONG, if 'Blue area'🔵 apears - open additional LONG with additional leverage. The 'Sell'🔴 signal helps you to identify the TOP of the market and close all of your positions, sell crypto!
🚩How it works? Bitcoin is cyclical and it helps the indicator use statistics to identify the entry points you see on the chart. 💹Basically, it is not just an indicator , it is a whole trading system which includes a combination of different indicators and trading algorithms. But the mechanism of its use is clear even for a beginner.
✅⚙How can I use the indicator?
It has 2 modules and 2 modes:
1. Global Buy and Sell zones. You can buy Bitcoin and other crypto at the appearance of a GREEN diamond and sell at the appearance of a RED diamond. As you can see, this is the most profitable way. +939% profit since the last signal.
2. The local signals. When the BLUE signal appears, you need to open a trade, and close it after the signal disappears. You can see the statistics of the trades on the chart. The win rate of this module is 72.7% from 2015 to 2022!
As soon as there will be an opportunity for a long - a GREEN dimond or a BLUE signal will appear. And it may happen soon!
The results you can see on the chart but i add the cycles result in this ideas:
1️⃣2015-2018 Bitcoin cycle.
2️⃣2019-2021 Bitcoin cycle.
Strategy statistics for 2013-2022, if you use it as a trader:
💴Initial deposit: $1,000
💹Win rate: 73.9%.
💼Profit factor: 19.62
📉Max loss: -6.08% (possibility to use leverage)
📈Max profit: +295.87%
💸Current deposit: $4625000
🏁Each indicator has instructions and recommendations on how to use it successfully. This one is no exception. Write in the comments or DM if you want more information and Greenwich trading stats!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
STEPN - Epic Rebound and an 83% Run 👟We had told you, every Crash Generates Opportunity :
first of check this out: Back in April 18th , our chart and levels played out beautifully. Notice the 0.83 level
Yesterday, when that same level (0.83) was checked we posted the 'Opportunity Post':
Just how amazing technical analysis can be.
One Love,
the FXPROFESSOR
STEPN - Just a 4H Candle Later 👟Just 4 hours after our post: STEPN - Crash Generates Opportunity 👟
''Yes, there is panic everywhere in the crypto sphere but at the same time some charts are yelling: Buy Me!
We will post some SHORT positions on other charts today but STEPN looks like a GREAT BUY to us today. We are already on it.''
I will add something to it: Never Give Up-Never Surrender, Never stop Hedging, Never stop studying the Chart and your Trading will be better (for SURE!)
One Love,
the FXPROFESSOR
🌕LUNA: what happened to LUNA and UST? Simple explanation!🌒Hi friends! There is a lot of news coming right now about Luna and the UST (stablecoin 1 UST=1 USD), which momentarily lost its peg to the dollar and lost 39% of its capitalization. The total capitalization of $18.2 billion became $11.1 billion. Now UST after a panic sell-off is returning to a 0,9:1 peg, but is a drop possible in the future? What was the cause and what are the possible scenarios for Luna and UST?
🌓The UST stack itself is an algostable and has a $1 price peg mechanism due to the LUNA selling mechanism. There was panic in the market, and as a consequence of the panicked outflow of funds from LUNA, the algorithm was disrupted as the outflow exceeded the inflow of LUNA providing the peg.
🌖Technical Analysis (TA). ✅Global Scenario. I have noted important support zones that can be identified with horizonal volumes:
1. $14,56-18,2
2. $5,20-7,45
🔥These are global support zones where there is enough liquidity for a big player to open long positions. 🔥The fuel for this drop was the traders who accumulated the moon in the area I noted on the chart. Panic selling knocked the altcoin down by 80% from it`s ATH. Short traders could be the fuel for growth. That is how it works.
✅Local Scenario. The local scenario with trendline breakout. The trendline breakout strategy helps me to identify best entry point, so friends if you want to know how to use it, leave a coment and i`ll try to make an educational idea with simple explanation for you.
🚩Let's not forget that Luna has an $18 billion supply and ranks 3rd among companies in accumulated Bitcoin. Biggest disclosed Bitcoin treasuries:
1. MicroStrategy - 125,051 BTC
2. Tesla - 43,200 BTC
3. Terra - 30,727 BTC
🌕Therefore, it is too early to predict a crash of this altcoin, although you can see how many holders got scared and started to sell off the crypto.
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
gmt going to stabilize in its maybe fair price.gmt is going to enter a falling wedge after which i see it stabilizing pretty well if all this doesn't evaporate along wiht the global economy, as it seems to be happening. me personally im withdrawing all my assets to buy rice an macarroni and a land far far from this society
📊SOL: should you wait for $50 or $100? Just check it!As expected, BTC fell and all the Altcoins drop with it by 60-80% from it`s ATH. In this idea i`ll share with you my thoughts about Solana. I hope it will be helpfull for you!
I marked 2 value areas:
1. $25-48 - globas support for the price, huge value area
2. $88-105 - loval resitance and value reistance for SOL
What should we expect? I think we can test the support area of $25-48 because as you can see there is no liquidation at the volume indicator. So i`ll open my Long position when it finally happen. And i think it will be the best entry point for many months.
The next scenario is squeezing under the trendline. One of the most profitable strategy i use. So the price can start squeezing at the current price levels $65-75 and it`s possible to open a trade. Wait for the next updates about Solana to no miss the entry point.
Of course, the value area of $88-105 is a huge resistance for the price. We have to pay attention to Bitcoin, because if BTC show strenth and start rising all the crypto will follow the Grandpa. I record the video update for you with clear explanation of my plan. Check it!
Due to the current condition market condition you have to be more crafty and wait for your setup!
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.