MOONBEAM (GLMR) long idea based on obv In the vast world of crypto, Moonebam Network shines,
With GLMRUSDT, a trade idea intertwines.
On balance volume, it diverges with might,
Since November 22 of 2022, a hopeful sight.
Through highs and lows, we've journeyed far,
Witnessing an all-time low on May 10th, like a shooting star.
But amidst the darkness, a divergence emerges,
A glimmer of hope, as optimism surges.
With on balance volume diverging hard,
An upward movement may catch us off guard.
A parabolic rise, like a rocket in the sky,
Moonebam Network ascending, reaching new highs.
So let's hold onto hope, and trust the signs,
As GLMRUSDT paves the way, where opportunity aligns.
From the depths of doubt, we anticipate,
A journey of success, as we elevate.
In this hopeful tale, we set our sights high,
Moonebam Network soaring, reaching for the sky.
With divergence as our guide, we'll ride the trend,
A story of triumph, where dreams transcend.
In the world of trading, risks come into play,
But manage them wisely, in your own unique way.
It goes without saying, it's NFA,
To preserve your capital, make it sway.
Set your stop-loss, keep your goals in sight,
Trade with caution, both day and night.
Take charge of your risks, let them not prevail,
In this volatile market, where fortunes unveil.
Research and analyze, before you dive,
Make informed decisions, so you can thrive.
But remember, my friend, it's your preference to decide,
Manage risks effectively, and let success reside.
Hodling
The BEST HODL until Xmas! About:
SAND is 'The Sandbox's' token. It's a blockchain-based virtual world developed by Pixowl, which allows people to create and explore universes (sounds like Minecraft a bit, right?)
Fundamental Benefits:
- Being part of the thriving metaverse, SAND has been pumping in parallel to Zuckerberg's announcement that Facebook is renaming itself to 'Meta'. SAND isn't the only metaverse token to receive a positive response from investors either, almost all of them have (which i'll cover in future posts).
- Another reason for this sudden pump, is that The Sandbox recently announced a MASSIVE play to earn event, launching on November 29th and running through to December 20th (this will receive a ton of publicity).
- The Sandbox secured a $93M fund from SoftBank at the start of November, to go toward developing new metaverse games, live experiences and seeking out bigger partnerships with brands.
Technical Analysis:
As you can see, I entered at $3.05. Circled in purple is $2, which obviously is a better position for buying. I FOMO'd into SAND once I read into it and didn't want to risk waiting for a dip. The support and resistance lines are parallel and have held up extremely well. The end of the lines is December 1st and by this point we could see SAND anywhere within the price-range illustrated. I'm confident in the growing popularity of this metaverse token, along with the roadmap making progress as promised. Look out for a buy-point and get involved if you're interested!
I post altcoin opportunities daily, feel free to follow for more!
LTC: Back to the 100 !LTC has been trading now for few weeks bearishly. It has consolidated between the 150 and 200 level for many days and now the bearish wave is leading the way on all major cryptocurrencies. Will it continue its road to the 100 which is a strong round number support level ? China is pushing it while Elon is doing exact the opposite. The outcome will be determined in the upcoming days.
short term [CONSOLIDATION] || mid term [BULLISH]TECHNICALS
Currently consolidating
Volume falling, so looking for a trend reversal soon
Stochastic + MACD indicators showing BULLISH ready almost
Cup and handle pattern forming/formed
FUNDAMENTALS
Right now for me is neither a buy nor sell moment. It's a firm HOLD while things move sideways and we see what is what on Friday.
They've expanded the GME team with additional Amazon + Google people, but that hasn't made a dent in movement just yet.
Sales have increased by 11% in the first 9 weeks of 2021.
GME also want to use their current evaluation as a leverage to sell off 3.5 million new shares (value of $1 billion). While this seems a lot, my understanding is this isn't going to affect current movement.
Lowest volume since mid-january (which usually is an indicator for big moves, and the way the charts look, that big move is to the upside). Could be looking at a gamma squeeze (not THE squeeze still) this month that boosts beyond January's top of $483.
With current developments, we could see Ryan Cohen - AKA Mr Chewy billionaire - become CEO. This would be a catalyst for skyrocket moves.
We still don't really know the truth behind how shorted this stock is. It could be anywhere between 20% and 900%. What we do believe - as a general concensus - is the stock is definitely over shorted, and the squeeze is still a'coming... timeframe? No idea. Could be a long time based on how much GME consolidated before the January squeeze.
But wont the market crashing also crash GME?
No.
Other securities are likely being used as collateral on leveraged GME positions. As the market melts down and those securities lose value, the GME positions will command further collateral.
As the collateral requirements continue upwards, margin calls will begin going out. When that happens, GME is bought at market prices by the lender to close out the untenable positions, meaning 🚀 for us and while all the other positions used to lever GME are liquidated and continue their meltdown.
🎯 Christmas Day Breakout - Stellar Lumens - Altcoins [Crypto]Christmas day breakout looks to be on the cards for XLMUSD and potentially other altcoins (correlation). XLM is currently consolidating in a flagpole formation with strong support. Likelihood is that it will continue to fluctuate for the next 5 days until leaving the flagpole zone for a breakout.
XLM 15 MINUTE CHART - 5:10AM 11/28/2020This is the 15 minute chart,
as a HODL'r, (or someone who plans on holding the coin long term) I see this as a POTENTIALLY large return on investment.
IF the coin drops further in price,, I would recommend that you scoop as much as you can.
I do not believe that this coin will stay this price this long.
Look to see substantial growth in the next couple of months.
---- But as always, I am not a financial advisor ----
((( --- I am very BULLISH on cryptocurrency in the long run --- )))
Keep Calm, and HODL on,
Godspeed.
XRP 3$ targetIf price can break the 0.80000 we gonna see price reach the 3$ easily without any sort of resistance but personally I think the price gonna test the 0.43600 level as correction for the bullish wave from weekly perspective.
Fib golden ratio 0.68 also lines up as a backer for this analysis.
disclaimer : This analysis expresses my personal opinion only.
I am not responsible for any losses incurred due to your trading or anything else.
Nov12 - Bitcoin (Daily) - Testing 15-16k, Further Up =Retest ATHExpecting BTC to retest the ATH (or make a new ATH) by Q12021...
Check below for my Sept post on potential upside above $20,000.
Are you in? ;)
Follow me on other social media platforms for faster market updates, profit screenshots & etc. :)
BTCUSD for the long termHello all,
Here a short view on BTCUSD by me.
There is something nice going on with BTCUSD. It's pushing hard to the $10.000,-, already a few times, but it havent pushed through yet. The market is indecisive and probably will for a little while.
If we look to the chart and the lines I've drawn, I'm suspecting there might come another good chance to buy BTCUSD for the long term on a lower price then the current one.
Personally I think the price can go lower to the area between $5.500,- and $7.000,-. I know its a big range, but with the volatility of the price there always is in BTCUSD, there might be another big spike down. If you believe in BTCUSD for the long term, then a (small) buy order at $6.000,- or $7.000,-, can be a smart thing to do.
My idea for the long term is that the value of the dollar is going down with all the extra 'free' money that is pumped into the economy. In my opinion this will devalue the dollar and does the price of commodites in dollars rice. Maybe not right away, but in the long term for sure.
This is just my view and opinion and in the end you always decide for yourself .
Don't ever go blind on someone else his vision, create one for your self!
Have fun and good luck trading. :)
XRP EOY Price @ $589!? More Like $0.17! (XRP Down Cycle)Since xrp's all time high, the price has been retracing ever since.
The percentage drop and the timeframe it took to drop is labelled on the chart.
The question is are we still in a bear market or have we reached the bottom?... hmmm
If we ARE still bearish then the previous patterns of the plumit of price in the past should be a good indication of where the price is proceeding to in the future.
Since all time high, xrp price dropped;
-76% over 33 days.
corrects then drops;
-60% over 48 days
corrects then drops;
-78% over 108-140 days - (This time frame is the outlyer)
Mean = -71.3% drop
Standard Deviation = +/- 9.8%
Upper Limit = -61.5%
Lower Limit = -81.1%
Therefore i believe that the price will drop another approx 71.3% (+/-) 9.8% before we see another bullish market turn around...
with all that being said,
i dont really know,
its a strange world,
the world of crypto ,
i could be wrong,
and i have before ,
but i hope for low prices,
so i can buy mor e.
Happy Hodling! :)
BTC/USD The Continued HODL JourneyI still believe that Bitcoin can surpass $15k by the end of 2018, and am still HODLing it for the philosophy of HODLing. Right now, it reached a bottom point, especially due to the regulatory aspects of it. People were also shortening it with BTC Futures. However, now institutional investors are seeing the technological potential of Bitcoin and more emerging cryptocurrency companies are starting to pop up. Compared to other cryptos, it is still one of those most advanced out there. This is especially true when looking at the lightning network or segregated witnesses. The biggest problem right now in price is that amateur investors look at short terms gains over long term ROI. Beware of "Proof of Greed" as some might say, not POW.