Pokadot turning bearishWith BTC on the road to 10k, I would like to point out some concern with Pokadot that many people over look. It is the rise, yet what got me is CoinMarketCap info on the exchanges.
News
-Bithumb got raided due to offering a security that was never seen to the investors. Regulation is gonna suck for people trying to stay away from the government.
-Uniswap coins are being pump crazily, which is causing alot of conern in the crypto space.
TA
Now my concern before we get into the chart if you go over to coinmarketcap and click on exchanges and click on liquidity, what do you see? Its pretty alarming, but lets discuss.
-One 3 of the exchanges are own or have connections to huobi. Huobi Global DOT/USDT, HBTC DOT/USDT, and Huobi Global DOT/BTC. So top 9 exchanges in liquity is own by huobi and their rating under confidence is Low. RED FLAG
-Two 7 out of 9 exchanges have the Moderate to Low confidence to the exchange and 5 out of 9 are scaled to the Low. RED FLAG.
-Three 7 out of 9 exchanges 24hr volume is 217,853,759, which according to MC is about 37%, yet go top volume in 24hrs you see a bunch of Low confidence in the exchanges. RED FLAG
This is concerning in overall gives a bearish case and not a lot of confidence in a project that just popped up.
-One there is a trading range between 5.6835-6.4508
-Now to me its heading towards overbought and looks like a bearish divergence with the volume dropping, yet the price keeps going up. Gives a target (if you believe in this project), a price target of 4.5395. We can't really go off of VPVR, since someone said they did a stock like split or something.
Final Thoughts
Seems really risky due to the liquidity problem this coin/token faces and looking at the confidence from coinmarketcap seems very concering. Again I know nothing about this project, yet on a trading and exchange view point it doesn't look great for me. Plus many people saying we are in an altcoin bubble atm, so take it with a grain a salt. My only tip in altcoins is all in on 0x, speculate on other shitcoins, and buying nano under a dollar is a must cause you know that community will pump it over a dollar.
Huobi
SelfKey (KEY) Long-Term Targets (Over 1800% Total Potential)SelfKey (KEYBTC) just had a very strong bullish breakout... Prices moving above EMA10, EMA50, and EMA100 in one single weekly candle.
We also have a volume breakout and the strongest volume bar since June 2018, when KEYBTC hit its All-Time High (ATH).
From the current price to ATH, we are looking at 1150%+ of potential profits.
If we look at the Fibonacci proportions, we can map over 1800% to a new ATH, with even more growth possible long-term.
This is not financial advice.
You need a fully thought-out plan/strategy before trading this or any other altcoin pair.
Thanks a lot for your continued support.
Namaste.
Blockport (BPT) Bullish Breakout + Next TargetEMA300 has been blocking BPTBTC since mid-December 2019...
This is marked by the gray line on the chart.
At the present time, on the right side of the chart, we can see BPTBTC finally moving above this level.
Staying above it can lead to strong additional growth (green arrows).
Yesterday's candle printed really big volume, the biggest volume bar since January 2020, this is a strong bullish signal.
All this volume also coincides with the challenge of EMA300.
We also have bullish indicators with the MACD above the zero line.
We can see more from this pair in the weeks ahead.
The altcoins market continues to be strongly bullish in general, many altcoins are just getting started and looking ready to boom.
This is not financial advice.
Namaste.
Reserve Rights Potential Top vs Tether USDReserve Rights (RSRUSDT) is showing signals of a potential top.
Right now we have prices testing EMA10 (0.023062) as support on a strong bearish candle.
We can also notice strong bearish divergence with the MACD and RSI.
The trading volume is low on today's and yesterday's candle but we still have many signals pointing lower... We have a potential top/peak for RSRUSDT.
This is not financial advice.
Namaste.
BTC bull market is confirmed? no, after 19578$ break, May 2021!BTC bull market is confirmed? no, after 19578$ break, May 2021!
trading plan
1, 11180-11350$, target 14-15-17-19k$
pullback
2, short at 17-19k$, target: 9540-9700-10170-10576$
Moon
buy in: 9540-9700-10170-10576$, target: 19578-40000-70000-100000-220000$
DOT is on a elevator on Huobi!Chart Overview:
Where is DOT going?
It has jetted pass resistance since the 1:100 swap has been complete on Huobi!
Right now we have a open of 4.7945 and right now it's tearing up at 5.43.
RSI is steady as a dot can go and looks stable but there is resistance at around 5.50 to 5.75.
What are your thoughts on where can this dot too?
You can trade all Polkadot crypto on Huobi website URL is in our profile!
Risk Reminder:
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
HuoBi/USDT (The structure is Bullish)Updated View On Huobi/USDT (29 MAY 2020)
Since the Huobi exchange gets popular, so will their token.
We are seeing the gradual and potential upswing of this pairs and it is likely to go higher.
3.80 region is a nearest support while 5.5 is the nearest resistant.
Let's see how high it can go.
DYODD, all the best and read the disclaimer too.
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Thank You!
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Bitcoin falls asleep but waking up soon?Looks like Bitcoin took a nap all the way to 11,600 or so but rose to 11,800+
RSI looking stretched at 56 -60 but many people were calling a double top on BTC so not for sure if the resistance will stand up from another push to 12k.
On the 4hr we see green - is this a sign of a trend turning?
Let's keep a close eye on this one
Whats your call? Long / Short? Sitting it out?
Either way you can join Huobi ------> link in our profile!
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Risk Reminder:
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global's announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
Bitcoin say hi to 12k - What's next?Bitcoin broke through resistance to past 12k then belted downward then back upward in a sign of pure selling and buying volume.
RSI is trending ok and all other indicators point to another big move happening in 7 to 14 days.
What is going to happen next - only the squeeze of resistance can tell what may happen!
What do you think 13k or back to 11K?
Risk Reminder:
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
RSR on Huobi - Climbing stairs to ATH?Let's take a look at Reserve's RSR on Huobi!
Technical:
1. RSI looks a bit overbought but for this coin its been on a tear recently and doesn't seem to be effected in anyway.
2.MACD looks like magic up and away!
3. All other indicators seem to be about the same a bit over the top.
4. Although RSR sometimes dips it's usually followed up by a return to the original price.
Fundamental/Team:
Peter Thiel is also on the investor list so is a lot of other highly visible people in traditional fiance.
Green/Fear Index:
Major greed right now but its been that way for several weeks , is this due for a correction - no idea your guess is as good as mine.
What is your price target for RSR?
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Risk Reminder:
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global's announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
Global Social Chain (GSC/BTC on Huobi) 80%+ spike incoming?Some tokens on Huobi are very spiky. Predicting these spikes is incredibly hard, and something I'm working on long-term.
But for now, I found an interesting pattern by eye on the GSC 3-day chart.
Oversold conditions (you can't really call it a signal) stop just before the big spikes. In other words, the last 3 times out of 3, buying when the 3-day oversold signal disappears has been a highly assymetric risk (earlier in this token's history this correlation didn't work very well, I think because it took the trend measurements a while to adjust after the very quick 95% drop from ATH.)
Will it be 4 for 4? I don't know, but I'll be in it to find out.
Indicator used: Price Action Trend Overlay | Simple with default settings.