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Makemoney

BTCUSDT - Bitcoin replicates bullish fractalsBitcoin price has tested $42 000 support level recently. There was panic in public chats and people claimed bearish market started. However few hours later BTCUSDT bounced back and the most important is the fact that the bounce happened with low trading volume, hence very few market players were selling at these levels. Such behavior can be a signal of accumulation phase beginning April 25th Fractal: Taking a closer look at Bitcoin's price action on April 25th we can see a similar picture to current chart. There was falling wedge with formed central accumulation range. The wedge bottom was retested twice and further bounces happened with small trading volume just as now. There was also replication of RSI oversold fractal around bounce area which also happens now at long term time frame charts February 28th Fractal: The same price action as before: RSI is at oversold edge, the price is at the bottom of the wedge while trading volume is low Bitcoin bounces and breaking the pattern upward. Conclusion: The most probable scenario: we have the same fractal as on February 28th and April 25th. Before these accumulation and distribution phases were connected with too low option contracts strike price. This month we can link the fractal to Musk's Twitter activity. Although there is high probability of sharp decrease to the cyan falling wedge in case current breakthrough attempt fails. We think Bitcoin should go back to $50 000 - $51 000 range within next few days. Current period is also great for altcoins recovering DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
2
Bitcoin AnalysisHi traders! Last days we could see lots of amazing things in the market like huge pump of ETH, x2 of Dogecoin and correction of BTC. Many people consider bear market is around the corner and the huge wave of corrections will wash away many all-time-highs and records. However, we find these point of view wrong. We are sure that the bull run will continue for significant period. So, let’s move from words to deeds. Crypto custodian company NYDIG started cooperating with fin-tech giant Fidelity National Information Services (FIS). That’ll give an opportunity to the clients of small American banks to buy, hold and sold BTC. That will greatly increase the volume and supply of BTC. Head of digital department of FIS Rob Li supposed that the big players like JPMorgan Chase and Bank of America will follow the small banks. Speaking about technical aspects, we prepare some possible scenarios of future price action. We are sure, you are able to use them as efficient as possible and got the maximum profit. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
B
by Skyrexio
Pancake Swap Is ready To BuyHi, traders! While BTC is moving up and recovering after a small fell, we gonna tell you about some interesting and perspective projects, which can probably help you to make x2,x5 or even more. One of them is PancakeSwap. What is PancakeSwap? PancakeSwap is a decentralized cryptocurrency exchange for swapping BEP-20 tokens. If you’re familiar with Uniswap or SushiSwap, then you’ll know how PancakeSwap works. Each works in almost exactly the same manner. The PancakeSwap exchange doesn’t use order books like traditional exchanges. Instead, it uses an automated market maker (AMM) model which matches buy and sell orders directly with others in a liquidity pool. User deposits maintain liquidity pools. By providing liquidity to such a pool, users can earn trading fees and liquidity provider (LP) tokens. LP tokes are redeemable for the initial capital deposited, plus any fees earned, minus any impermanent loss. Furthermore, LP tokens can then be staked, farmed, and traded! Cloning or copying open source code from a popular decentralized application (dApp) is not uncommon. Particularly in DeFi, many new projects are based on existing protocols, with tweaks made to the original code. Simply make a few adjustments to a popular open-source code, create a new token, name it after your favorite snack, and presto - you’ve got yourself a freshly baked DeFi clone! Regardless of whether you think cloning is a good thing or a bad thing, it happens a lot in crypto. For example, SushiSwap is a clone of Uniswap. Therefore, it should come as no surprise that PancakeSwap appears to work in a very similar way to SushiSwap, with a familiar layout and user interface. However, PancakeSwap is flipping the yield farming model on its head, introducing a range of new features that provide an all-in-one yield optimization platform built around the Pancake token (CAKE). Furthermore, PancakeSwap benefits from the security of Binance Smart Chain (BSC), which could help convert some DeFi skeptics. In September 2020, the Pancake token (CAKE) was launched on Binance Smart Chain (BSC). CAKE is a BSC-native BEP-20 token. The CAKE token has performed extremely well in 2021, showing an incredible price rally throughout February. The primary function of CAKE is to incentivize liquidity provision to the PancakeSwap platform. PancakeSwap vs. Uniswap vs. SushiSwap In today's cryptocurrency landscape, there are three major decentralized exchanges ruling the roost. • Uniswap — The original DeFi liquidity protocol built on Ethereum. Today's standard for easy cryptocurrency trading using ERC-20 tokens and mostly ETH pairs. • SushiSwap — A community-governed Uniswap fork that has evolved into a DeFi hub offering token swaps, farming, and crypto lending/borrowing. • PancakeSwap — Uniswap clone built on BSC to deliver fast and inexpensive trades using BEP-20 tokens and the BSC←→ETH bridge. While all three enable decentralized exchange, community governance, yield farming, and LP (liquidity provider) opportunities, only Sushi and PancakeSwap pay rewards back to token holders who stake their tokens. Technical As you can see on the chart, we have a strong up-trend with a great support. The consolidates in the most probable area with a low probability of down swings. Fiba extension levels and ALLIGATOR shows us a strong up-trend with reliable support Thus, we see these scenarios of future price action A – consolidation above median line and breaking out above B – consolidation in the pitchfork with medium volatility and breaking out above, too C – breaking out the fork below and choppy price action DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
LINA (HOLD IT, YOU WILL MAKE IT)Dear Traders, LINA is growing slowly but steady. You can decide to choose one of these advices: 1- 75% of orders Close at 0.203 and Buy 75% again at rate 0.1879 (Or Close all at 0.203 and buy at 0.1879) and hold it until 0.2274 then Close and wait for Wave 4 which I will update the Rates in the future signal. 2- Hold all of your positions until 0.2274. 3- Close 75% at rate 0.2274 and wait for the next update for the end of wave 4 and enter for wave 5. 4- Hold all of your positions until the Grand wave 5 which it will be informed after 0.2274 in my account. Best wishes.
Long
by FireXForex
10
Long position in GAIL with target of 199This is my personal view on #GAIL for mid-term. NSE:GAIL GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The Company's products and services include natural gas marketing and transmission, petrochemicals, and liquid hydrocarbons production (LPG, propane and naphtha). Low risk high returns is what I see in this stock. As we saw huge jump in this stock and recent news on buy back @ 150/share, good growth is expected from this stock to reach to its previous high made in year 2018. My recommendations to add on dips for target of 199+ in mid-term. Immediate Resistance is at 160 if it sustain that can reach upto 190 very soon. Immediate support will be at 137 and if it can't sustain that it can have a short term correction till 127 and ne t support will be at to 110(highly unlikely consideringmarket sentiments) As shown in Chart my pivot points are 130 as entry point and keep adding till 110 levels with the risk of 15% (100 days MA) and with the Target of 53% as per technical points ploted on weekly chart. I am holding position from 115 levels. Please share your view on Gail in comments and thumbs-up and share if you like it Historical shareholding details for GAIL from FII investors. Dec 2020 Total 15.62% (69,97,05,814) Sep 2020 Total 15.09% (67,59,80,232) Market Cap Cr Market Leader 66118.7 Price to Earnings Below industry Median 7.9 Price to Book Value Above industry Median 1.3 Recent Bulk purchases: Clsa Global Markets Pte Ltd 02 Feb 2021 Block Purchase Qty: 15,27,949 (BSE) Rate: 127.5
NSE:GAILLong
by jaikanoja