Is the Bottom in for XTZ??? Might get in trouble for sharing this little dose of hopium because the recent downtrend definitely does not support it... but screw it!!
Some very bullish news pumped XTZ's price last week when Ubisoft announced it would sell gaming NFTs on the Tezos network through marketplaces Objkt and Rarible, which just launched integration with tezos.
bitcoinist.com
Obviously, the whole altcoin market, more or less, is at the mercy of bitcoin, and the whole market is fearful right now. We are still technically in a macro uptrend, which means this might be an ideal time to buy... unless this is the start of another "crypto winter," or bear market. No one knows for sure, but either way, we will surely get a relief rally out of BTC & alts, even if it's only temporary.
XTZ has found local support. Pattern wise, this could potentially be an inverse Head & Shoulders; XTZ could also be at the bottom of an ascending channel, or could possibly form a diamond pattern, which could also build support for reversal ideas.
One should never try to force trades, but hey, it sure feels good to call the bottom ;)
Just remember to set stop losses.
happy trades,
CD
Layer1
NEAR / BTC - Near Protocol LONGNear ProGE momentum - working, sharded Proof of Stake is already here ... plus the ENORMOUS investments being made by the cream of the VC crop into $NEAR
Put it this way:
Go LONG $NEAR Near Protocol - TA on the relative USDT & BTC charts are aligning for a massive breakout to the upside.....
VET Comeback?VET broke out of the bull flag which it formed at the bottom of the downtrend and may be preparing for it's comeback. 200 day ema acting as a strong resistance right now. Flip and we could get a 70% recovery.
Why I am NOT holding BITCOINThis above is the well known Bitcoin Dominance chart. It keeps making lower lows and lower highs.
I hold zero BTC in my portfolio.
In the scope of an investor, there are plenty other cryptos with much more potential. Bitcoin remains the safest cryptocurrency with its proof of work, but people are starting to understand that it has very limited use cases, very slow transaction speed, and cannot scale. In short, it is getting old and it is harder to get returns like 2x by holding BTC (that would mean a 100k BTC right now).
The FLIPPENING didn't happen, yet. But it is getting closer.
Current BTC marketcap is 882B while ETH is 420B.
We can't see much information on this chart, that is why I coded a simple indicator that put into perspective the progress of ETH getting over BTC in market cap. (You can get it on my profile scripts page)
The chart shows Bitcoin marketcap divived by Ethereum marketcap. On September 2019, Bitcoin's MarketCap hits ATH against ETH, by being 10 times bigger. Today, the ratio is about 2x only. When this ratio drops below 1, the FLIPPENING will happen.
We can easily draw a descending channel on the daily. This helps forecast an approximative date for said FLIPPENING: IF WE REMAIN IN THIS CHANNEL, THE FLIPPENING WILL HAPPEN BEFORE FEBRUARY 2023. A breakout is possible, but rather unlikely.
My point is: I don't want to miss the train. Some cryptocurrency projects are building the future of the internet RIGHT NOW, and bitcoin isn't. It is going to be replaced.
I will then be looking at some of the biggest layer 1 opponents which are popping off right now. I like to call them Bitcoin Destroyers.
Here is 8 of them:
All of them are beating Bitcoin right now and could stand a chance at replacing him in the long run.
Not financial advice, do your own research.
Is LUNA the lone BULL in a pack of BEARS?As an intra-day/intra week trader it's been tough recently to find enough space for profit without risking too much. So I decided to look through some of my published ideas and found my hit rate to be satisfactory with one call that was way way off. (link below)
So I was compelled to dig deeper and zoom out on LUNA/TERRA and see what the BIG PICTURE really is.
LUNA had a meteoric rise since December and has never really quit. It's velocity has continued in one direction upwards. Higher highs and higher lows continue to be set as this asset has cracked the top ten crypto market caps and, excluding stable coins, is only behind BTC, ETH, and BNB.
Just doing some back of the envelop math with a friend we calculated that LUNA, with BNB's market cap, would be priced around $170.
Outside of TA and price spec this asset/network is flush with features and apps that many of it's layer one competitors have failed to check off the list including:
1. UST - The only major USD stable coin that is decentralized and not back by cash and commercial paper (USDT, and USDC are) and has continued to be added to major exchanges and adopted by other chains.
2. Anchor protocol (ANC) - Offering a staggering 19.5% for UST blows competitors out of the water as far as stable coin yield % is concerned. The same protocol/app allows you do deposit bonded LUNA (bLUNA) and bonded eth (bETH) and borrow from them.
3. Mirror protocol (MIR) - First of its kind, mirror protocol allows you to get exposure to traditional finance equities like ALPHABET, AMAZON, and MICROSOFT. And commodities exposure through mirrored assets that track USO (United States Oil Fund), SLV (ishares silver trust), IAU (ishares gold trust).
To boot, all of these can be combined with an equal amount (in $ value) of UST and farmed on mirror protocol to earn MIR, or they can be borrowed from.
4. A handful of other earn/borrow decentralized apps like Valkyrie Protocol, Pylon Protocol, Mars Protocol, Orion Money, and PRISM)
5. TERRA has now become the 2nd largest, behind ETH, for TVL (total value locked)
6. NFTs (randomearth.io, KNOWEHERE, OnePlanet, Messier Art) and NFT gaming (levana, deviants factions)
7. Astroport and Terraswap - Next gen Automated market makers
8. StarTerra- Gamified Launchpad
9. Glow Lotto- a no lose savings/lottery platform where your deposit for entry is never lost
10. TNS - Terra Name Service, inspired by ens.domains
I have yield-farmed and/or single staked on Binance smart chain, Avalanche, Polygon, Fantom, Solana, Cronos, and Harmony One. By far, my experience in the Terra ecosystem has been the best, without question.
Maybe there are some other features I have left out, if you think I have leave some feedback.
This is of course my opinion, but I do believe that this asset will jump BNB and become a top 3 crypto. The technical analysis looks good, the network looks good, the value added features look good. I cannot really come up with any rise why LUNA doesn't have ample upside.
These are just my thoughts and opinions based on a decade plus experience in crypto-land. It is not meant to be financial advice. Please DYOR and trade at your own risk.
Signing off for now,
CryptoSlayer
ETH New Trading Range!When taking a look at the chart we can see that ETH has broken through a resistance, retested support, and is now trading above the s/r zone. This leads me to believe that the next push to 3.2k is very likely to happen as long as BTC remains bullish. We need ETH to stay above the red line to show that the bulls are still in control. If we do break below the white line represents the next support.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
SUPER Bullish Channel!The last time ETH was at the bottom of the channel, it slowly made its way back to test the top of the channel. This is looking like a great area to long with a stop-loss. If all goes well, you can generate great returns.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Crytpo Layer 1 Relative Strength Analysis & Recovery
This chart plots price action on a relative %age scale on Y-axis. Our main goal here is to plot %age decline or gains in leading Layer 1 coins as of Recovery moment on January 24rth on an hourly chart showing the relative difference in the strength of recovery across various layer 1 solutions. For those who want to isolate a few layer 1s in their portfolio, this analysis should give them quite some hints into which layer 1 solutions have the most Bulls backing behind them.
This in combination with overall dev community growth, a number of commits & the overall fundamentals of the layer 1 solution should give you enough idea about possible investment opportunities. For me, Flow, Solana, Polygon & STX shows significant higher interest in bulls than other layer 1 solutions.
BTCUSDT 1D 🐋🐳 Clean chartIf you like BITCOIN, there are many reasons you should like volume Indicators.
Clean chart based on Volume Profile and VWAP
Follow me on Tradingview, if you don't want to miss my next analysis.
Many thanks,
SOLUSDT 1D with a vision of a whale 🐳This clean chart is based on VWAP and Volume profile.
I think the whales will defend their entry prices.
ONE trend change comingI am seeing evidence build up on this one...
1. ONE is now trading strongly above 10 10 EMA+MA and to boot MA (green) is on top of EMA (pink) EMA is more sensitive to price movement, so when the simple is on top it is a bullish signal. The signal is even stronger since we are looking at 4hr not 1hr candles.
2. MACD is above zero and above signal which is below zero and makes this call even stronger.
3. 12 hours of selling, (3x4hr) periods could not drag ONE down below any of the averages
4. Naturally the asset wants to seek support at the long term avg. line, which is the 200 DEMA in this case.
** $0.218 target price**
*this is not financial advice this trade is very risky. Please use caution when trading.
check links below for other trend change calls PI have made.
PHANTOM / FTM / with W pattern possible continuation to 3.20 $Phantom showing some recovery on the charts, strong coin.
CSPR Bullish As Long As...It holds the .5 retracement. Some good FA on this coin right here: Vitalik is actually on the CSPR Foundation board. I think as time goes on money will leave ETH as it just isn't scalable no matter how many upgrades it undergoes. I believe Vitalik is slowly transitioning to more promising projects that have already addressed ETH's shortcoming from day one. Stick to the TA not FA is best practice so final verdict is: this coin has a promising future BUT the chart is in a rather precarious position right now. Bullish biases overall as momentum is extremely overbought however this could fall off a cliff at anytime.
Something is about to happen on UNILAYER- dropped more than 90% from ATH
- Volumes are decreasing
- looks like a golden cross/bottom on 4H is slowly forming and potential 250% growth incoming?
-Please leave a comment ₿elow the chart with your opinion on the matter. Thank you :)
Kadena BUY SETUP Hi everyone if you like the idea or setup please give it a like and a follow
Here’s a requested analysis on Kadena
Seems to be a a good entry level at the time, market pulled back to our Fibonacci magic level of 0.61 completing its pullback, market hasn’t gone too far from the price since then and most times when markets move sideways it only means its accumulating and getting orders in and getting ready to move.
As always, Be patient, but don’t time the markets
$ckbThis either the absolute bottom for a L1 token or a possible minimum loss.
Something to be mentioned here that most of L1’s went to fib 2.618 to CKB that is X5 from here.
FTM LEVELS BEING METFTM making HH on 4HR & DTF.
1st target met, lets see if the BULLS can keep the momentum going to FIB 1.0 @ $3.49 as seen on the chart.
Currently consolidating under FIB 0.786 as RESISTANCE.
NFA.
AVAX LOOKING BULLISHAVAX Breaks $128 then we can aim for a ATH and I can see $192 @ 1.618
This will complete the 5th Elliot Wave.
Being one of the best Layer 1 projects my long term target is $650.
AVAX is also leading the new DEFO 2.0 and huge super trend DAO.
NFA.
Layer 1 price peaks of 2021 superimposed on EthLayer 1s peak price superimposed on Eth price action. Take note that they all peak at different times allowing for cycling through each.
LUNA- CLEARED FOR TAKEOFFPicked up more LUNA Saturday morning. Up practically $20 from that entry! This is another one that perfectly shows a chart saved by fibs. The 0.382% is essentially the stopping point that HAS to hold on theses names. Granted it is a slightly different story when we are getting a all-out crypto dump like we saw a few days ago. But Still powerful to see. This name WILL not stop so if you are not in, you need to get in now. We will DEF be at all-time-highs again imminently! Great project, great chart, great momentum!
multi-year cup and handle on log chart for syscoinTLDR: a massive cup and handle pattern over 4 years on a log chart. Extremely rare to find, especially in crypto due to scarcity of coins with a multi-cycle history. Last time such a pattern was observed on DOGE/USD pair in Autumn 2020, at $0.002 $DOGE.
Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Imminent releases: December - NEVM launched -- full smart contract functionality covered by Bitcoin PoW security
Upcoming releases: Q1 2022 - zkRollups launched -- full native Layer1 scalability on-chain.
Upcoming listings: Syscoin has been added to the Asset Hub on Coinbase.
SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes, sending the SYSUSD pair into near ATH .
Monthly chart is closing on 30 November and is on track to close at the highest level since Q1 2017 when Syscoin made a 100x run in 9 months.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
2022 Is the Year of Syscoin according to Log SYS USD ChartsBackground FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Background TA: SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes.
However, this time it's SYS USD that is very interesting and it's only visible in a Log Scale Chart. It's currently in the early stages of Parabolic Growth. One of the very few coins on the crypto market with a multi-year chart available permitting making long-term analysis. The only other coins with Established Parabolic Waves are Bitcoin $BTC, Ethereum $ETH and Dogecoin $DOGE. We covered $DOGE extensively when we discovered Parabolic cyclicality in the Dollar pair. Same short-term parabolic trend was visible in $SHIB in late 2020.
Syscoin is the last major coin of the crypto markets whose next parabolic move up is only in the commencement stage. From 8 cents to 80 dollars it would make it 1000x, placing it alongside other similar coins that performed this stunt over multiple years, such as $ETH and $DOGE and a short-term example of $SHIB.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
