Going Long
I have captured a pattern using a weekly chart, and it looks like it could break resistance soon. It seems like it will break sometime around December, and then it will be retracted for another buy-in. I am looking long because I have some ATOM staked. Suppose anyone decides to stake ATOM. Ledger offers a 17.98% APR. LET'S GO!
Ledger
November 25 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
The latest Federal Open Market Committee (FOMC) released minutes yesterday, which shows that “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.” Bitcoin is down 1.53% over the last 24 hours and fell to an intraday low of $16,449.62. Despite the good news from FOMC, the market sentiment is still weak as The Crypto & Fear Index is still in the extreme fear territory. The market is still focusing on the liquidity issue of Genesis Trading, and if Genesis Trading solves its liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500.
Today’s Cryptocurrency Headline
Ledger Rolls Out ‘Crypto Life’ Debit Card
Crypto wallet maker Ledger is rolling out its crypto debit card across the UK and Europe. Ledger’s Crypto Life (CL) card allows users to transfer cryptocurrencies between Ledger hardware wallets and card accounts through the companion app Ledger Live. Developed by London-based fintech firm Baanx, CL is similar to other crypto cards already launched, allowing customers to earn 1% crypto rewards in Bitcoin or USDT, or 2% in Baanx’s native token BXX when they spend funds. Lithuanian banking-as-a-service provider Contis Financial handles custody of all funds kept on the card.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Our BTC recap from early 2018...Bitcoin early 2018 - $8,460 P/C - See image below of prior analysis over 3 years ago:
ibb.co
After many years of btc demanding all of the attention from many investment sources, it is now becoming a legalised form of legal tender in many countries now.
With still a relatively short supply of 18,660,000 B, it is possible to correct ate some studies leading the price to over $100k per coin over the coming years.
Quant looking extremely strong for the long termQNT has the strongest chart vs out there. It has been in a massive range of about 600% up and 85% down with massive chop since October/November of 2018. Eventually this is going to lead into some massive expansion although the USD chart doesn't look perfect. Currently QNT is sitting fairly close to its ATH, it has tested these highs several times and the mid point of accumulation broke to the upside a few weeks ago. Then that mid point which was also resistance for some time got retested and the price bounced hard.
Quant started going up a little bit before the big dropped happened as it got added on Coinbase Custody. Quant so far has been listed on very few exchanges and most of them pretty small. Kucoin and Gate added it more recently and before that the biggest one was Bittrex which has been dropping in the ranks of exchanges. However with the addition on Coinbase custody it is definitely a candidate to be listed on some pretty large exchanges as it is a serious project that has been out there for years and has some good fundamentals. Just a few listings could make it jump much higher. Vs USD I don't know how well would it be able to do, but against BTC it looks very strong and I don't believe it is anywhere near its top.
Below I have some really nice charts where you can see how strong and potentially early it is for this coin.
s3.tradingview.com
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SafePal S1Introducing the first crypto hardware wallet backed by Binance.
• App downloads: 406,900+.
• Total wallet accounts: 537,100+.
• Supported assets: 20 blockchains, 10,000+ tokens.
• Supported dApps: All dApps issued on Ethereum, Binance Smart Chain and Tron network.
(Source - Binance)
This is early days for SafePal's native utility token SFP, released only a few days ago there is a huge potential for growth.
Currently Ranked #220 on coinmarketcap with a marketcap of $306,450,949 and a max supply of 500,000,000.
- Breadcharts
Target 5.60
QUANT - powerful set up !QUANT is an important piece of the new Financial System in terms of INEROPERABILITY !
Here is what their internet site says about them:
"Quant Network delivers interoperability of private DLTs and public blockchains across hundreds of banks and financial institutions."
QUANT has been a very good performer during the bear market and has vastly outperformed Bitcoin most of the time !
Which cryptocurrency project can say this besides LINK and QUANT ?
from 12 million marketcap in 2018 to 120 million marketcap in 2020.
LINK has already exploded in 2020. QUANT is still to explode !
Thinks are lining up nicely.
There is a large inverse H&S pattern forming - ok it is not perfect - however I can see it. Can you ?
OBV is ticking up nicely in stair steps !
Volume is picking up and is soon to make a breakout !
Price is right velow the neckline of the inverse H&S formation.
I am taking a position in QNT and lool for a 5x in the short to medium term.
Not financial advice but it is what I am doing.
My Trading StrategyFirst of all it is always best to have a trading strategy before entering a trade as I have made many mistakes in the past with margin trading and I found this way is the most effortless and least straining psychologically method. As I believe this is a huge growth industry, currently I use a Ledger, which are readily available and a great way to store your currency. Replacing the popular margin trading with the more stable 'growth over time method' is safer and won't have you checking your phone every two minutes, checking prices.. For reference currently I plan on holding my cryptocurrency for 20+ years, and passing the ledger onto my family or my kids, for their benefit at the time. I put the most emphasis on the psychological aspect as most trading does take a toll on your wellbeing and state of mind, while simply riding the ups and downs of the market is very satisfying. Constructive criticism / feedback encouraged! Buy and HODL!
RSI bullish divergence delivering results. Breakout of wedge!POWR has shown steady buying volume accompanied with large spikes throughout its retracement since 2017. After months of stabilisation around the 3.5 cents range - a very evident divergence on RSI (confirmed on all time frames) is now delivering the outcome that the books talk of. The falling wedge has played out perfectly, with breakout at the 90% region. Soon the algos will notice this and I expect a sharp spike in price. Price will need to retest the wedge, so you will find a buying opportunity there if you want to get in lower.
Fundamentally - POWR is kicking goals and has not stopped doing so since the float of its token. Multiple completed projects through the aus-Asia and pacific region, accompanied with a active and ever-growing team.
I'll be swinging this to my Target 3 - Approx 220%. I will re-assess, but will most likely remain in my position for an extended period. This is a gold hold.
Tezos Still On A Strong Upward TrendProbably my favorite project, so I battle with my bullish bias when charting this one. Honestly I don't trade it at all, I am long AF on the #XTZ #HODL, but wanted to share my TA doodles with you anyway. Anything over 1.30 USD is still a strong uptrend. See you on the Top 10 CMC soon. Enjoy and be safe.
BITCOIN (BTC/USD) SHORTAfter breaking out of a descending triangle to the downside, around 14 November, it is reasonable to suspect that history will once again repeat itself. This cryptocurrency's price is forming something between a descending wedge and a descending triangle. With that being said, it is less rational to expect a break of prices to the upside, since there has been a large sell-off since forever! And you know what they say on Wall Street: "never try to catch a falling knife". Therefore, i wouldn't advise entering any long positions on this asset. I would rather wait for an exhaustion of the buying activity and enter into a short position. As usual, price action is key. I would also feel safe entering short once the prices bounces of the top of the descending triangle's resistance and the when RSI reflects overbought conditions.
Trade Recommendation: POWRBTCSignal for BINANCE: POWRBTC
New trading opportunity here:
Buy @ 0.00005148
Stop Loss @ 0.00004414 (-14.2%)
Take Profit @ 0.00006354 (23.4%)
Risk on the trade is 1%. Please let me know if anyone needs an explanation on how to calculate risk per trade using 3commas service.
To place take profit (TP), stop loss (SL) and Trailing I use 3commas services. Register and get 10$ on your trading account.
POWR (Power Ledger) Wait to get it.POWR is going wave 4. Prepare to wave 5, target sold at 100% of Fibonacci.
Wait to get it.
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