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Mana

Slow and steady: The month ahead.Clean chart for the new year. My posts generally address short-term trading. I will start off the new year with the greater picture on the Daily. Zooming out at the month ahead, the RSI is currently at 44 so you can see on the MACD that any crazy sell-off was limited (circled in red). The green circle is what I expect the chart to look like in the week(s) ahead, nothing parabolic...just steady growth. Moving up on the chart, the Stoch RSI is bottoming out, ready for another move upward (purple). Mana has been resting under and testing the 20day over the past few days, more volume is needed. Currently on track in an ascending channel within a greater ascending channel. The blue squiggly line is a potentially slowish and steady path forward. There is strong support around $3.14 should BTC continue to drift lower. As much as I like big bounces, I am enjoying the current predictability. On an even bigger picture, I don't see anything crazy to the upside until March/April. That being said, there will be plenty of 5%-55% bounces and dips to trade before any ATH. These are just what I am seeing and not financial advice. Good luck and do your own research.
MLong
by keykomg
5
Bitcoin [BTC] Update (1/3/21) - BULLISH. One More Dip...Bitcoin has established a floor with the high spike on the VIX indicator. I've been observing different indicators and looking for a correlation from the Stock Market to Bitcoin. The VIX indicator has been an interesting one to observe alongside Bitcoin's movements. * The VIX Index is a calculation designed to produce a measure of constant, 30-day expected volatility of the U.S. stock market, derived from real-time, mid-quote prices of S&P 500 Index (SPX) call and put options. On a global basis, it is one of the most recognized measures of volatility -- widely reported by financial media and closely followed by a variety of market participants as a daily market indicator. During the big drop in Bitcoin back in May, we had a huge spike in the VIX indicator, showing the first low of the new established bottom. In June, the VIX indicator had another spike but only to the VIX resistance line around 25. We have a very similar look currently on Bitcoin. There was a spike above the VIX resistance line in December when Bitcoin dropped. I am waiting to see the second spike to the VIX resistance line and then another deep low on the main chart. This will likely extend down into the Support Zone from 42,000 - 45,500. This Support Zone was created using the Yearly VWAP as the top of the zone and the 2nd deviation on the Bollinger Bands as the bottom of the zone. After this deeper dip into the Support Zone, Bitcoin will be ready to make make it's next leg up in this Bull Cycle and create a new All Time High, just like it did after the 2nd Dip in June. However, we know that nothing usually goes straight up in a line. We will likely see a little correction when it reaches the 2nd deviation at the top Bollinger Band and then on to the new All Time High. It is possible that we don't dip into the Support Zone at all and we just take off from here as well. Either way, I see us going up from here.
Long
by TraderFromTheNorth
114
MBOXUSDT Daily TA : 01.01.22 : $MBOXAll supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 01 . 01 .2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
7
Just a few more percent to this crash?Just last night, I was evaluating my posts by simply going as far back as October and pressing the "play" icon on my charts and was not short of amazed at how they played out. I even played the first one for my 9-year-old..."cool?," she asked, uninterested in what helps finance her horseback riding lessons? They actually don't pay for her riding lessons. I frequently "take profits," but have never taken profits out of the market, simply reinvesting them to accumulate more tokens and coins. Technical analysis works. I've mentioned a dozen times that the trickiest part is "function of time," and of course navigating Covid, BTC, and Evergrande type scenarios. That being said, today, it all comes down to BTC testing/holding $46k in the next couple of hours. Whenever BTC tanks 10%, alts like MANA, ENJ, will almost double in volatility. Conversely, the rebounds are equally explosive. BTC support is huge at $46k and about 2% away. MANA has an equally significant support a little over 3% away around $3.20-$3.26. After taking holiday profits yesterday, I was hoping to get back in at $3.52, accumulating a few thousand tokens with this move. Well, that wish came true and it continued to drop. That's the crypto game and by this time tomorrow, it won't even matter. On a good note, since I was predicting a $0.40 correction, and it was 1am when I made the decision to go to sleep, I only reinvested 30%. This is another good lesson for new traders. Never put all your eggs in one basket...dollar-cost averaging is a great way for newbies and pros to safely enter a market. So, sit tight, this will be all better in the hours/days ahead. $2.80, $3.02 are other support zones should BTC head to $42-44k area. Keep an eye open as $3.30 also offers significant support, we may not see a drop to $3.20's. Another silver lining to today's drop is that BTC blew right through $49k. Should it have really stalled (it did a little), it could have formed a devastating Head & Shoulder pattern, that would have triggered greater potential losses. It's tricky to think this way, but sometimes a larger short-term drop is favorable depending upon the bigger picture we draw from market indicators. This is not financial advice. More "Non-Advice" for new traders: -Do your research. Don't listen to 99% of what you hear in the media. Know the product you are investing in. -Don't panic...it will always retrace a 2nd time...you didn't miss out. -If you missed out, do more research and create a new position. -Consult a financial advisor, especially when it comes to Capital Gains. -Diversify. Just like the traditional stock market, Crypto has facets of different functionality from a store of value, to platforms for projects, to the companies that create the projects, NFT's, metaverse, etc... Block-chain will have just as profound an impact as the www. had. I used to think 15% of an investment portfolio should be in the crypto space. I have since bumped that to 30% and during a bull market, I personally, liquidate assets to make it 50/50. Again, talk to a financial advisor. Hodl some of your assets. I know too many people who "trade it all." Crypto is volatile enough, this is not Vegas. -Be patient. Rule of thumb, any industry with a market cap of 1billion isn't going anywhere. The government can regulate, but they can't get rid of said industry. You'll notice that when Facebook was going to come out with their own token 18 months ago, the U.S. government didn't abolish crypto, they certainly crashed it, they learned about it because they recognized the technology and interest behind it and have since educated themselves and invested in it. Crypto isn't a $1b industry...on a $h!t day like today, it is still $2.25trillion. -Musk, Cuban, China, Buffet: Yes, unfortunately, the market responds to silly tweets and posturing. Know that you didn't miss out. Crypto is still in its toddler years. ---Follow the money. When Cuban was knocking crypto a couple of years ago, he was also accepting it at his sports arenas and buying the short-term dips that his tweets created. -Continue to research. If you want to trade, start with monopoly money. Most exchanges offer a free "training academy." Read Bulkowski. I was compiling data for 9 months before I realized he had already done it for us. -Don't invest more than you can lose -Always be prepared, whether it is for a spike or correction, always have a plan(s) for your next move(s). If you don't have a plan, you are increasing your risk significantly. -resist FOMO -Patience (again). There are no straight lines up or down. There are zig-zags up and zig-zags down. If an industry is growing, your money will grow with it. Lose the get rich quick mentality. I've done very well with crypto, but it wasn't overnight. Weathering storms, taking new positions during a bear market, knowing what I'm investing in, and patience, like anything, will prove more successful. -Treating crypto like a Craps table will give you the same odds as Vegas...the house will win eventually. -Don't look at the charts all day long...that is a micro trend. Always zoom out and look at the big picture. -Stop losses. If you bought BTC at $20k in 2017/2018 and still had it at $5k in 2020, you missed out on a better position that would have been created through setting a stop loss. Research how to use the "average true range" when setting a stop loss. Bull runs don't last forever. -Don't lose sleep. At the end of the day, it is just money. If you are losing sleep over your investment, you are probably overextended in your investment or at the very least not looking at the bigger picture. Good luck. -Joe
MLong
by keykomg
Decentraland (MANA) Buy ZoneDecentraland (MANA) Buy Zone -------------------- BIAS Mid-Term : Bullish Long-Term : Bullish RISK : Medium On its 4 hours time frames, The Decentraland graph formed a bullish patterns. We've retested our resistance and ready to break up above our current zone. -------------------- $MANA/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 3.11 - 3.26 TP 1 : 3.31 TP 2 : 3.39 TP 3 : 3.54 TP 4 : 3.75 TP 5 : 3.89 TP 6 : 4.18 TP 7 : 4.64 TP 8 : 5.12 Stop Loss : 2.88 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene