Moon
VERY SIMPLE STUFF HEREWhy overcomplicate? This has been coiling for over 4 years, lawsuit is bullshit, metrics like acc wallets, issuance, volume incentives going down, growing more decentralized everyday AND used at enterprise level... Also airdrop-era is upon us, 2022 I think we will see more airdrops than we ever have (EX. SPARK, SGB, SOLO, EXFI, etc) this inevitably creates more buying pressure on an already massively oversold asset. We will see how this plays out over Q1 & Q2
TrendTracers Weekly Market Analysis #15TL:DR
review last analysis
After the crash from last week we decided to stay fairly neutral in the market. We took some trades on a few Alt’s but nothing too fancy. Crypto hasn’t made any significant moves last week so staying neutral was the right call here in our opinion.
Conclusion
The market remains bearish, there is no indication that we are forming a bottom here. For the intra-week trades we will look for shorts at around 52k for BTC. At the same time shorts will probably be viable on Altcoins as well.
BTC
Bitcoin is exactly in the same spot where it closed last week. We are still waiting on a potential move up to 52k for shorts otherwise 43k.
BTC.D
Bitcoin was gaining strength against the altcoins this week after it touched 40% dominance on BTC.D. This might be a dead cat bounce meaning a potential alt season or a hold of support resulting in a further correction on the market.
ETH
Ethereum showing some weakness on the weekly chart, unlike last week. a close below 3970 today is considered a bearish sign. However if price does move up and we see a close above 4300 then new ATH’s are expected.
ETHBTC is still above the breakout point of the bull pennant. This week’s selloff can be considered a healthy pullback. However a close below 0.076449 is likely to be a swing failure pattern.
TOTAL
Last week’s close on TOTAL 1, 2 and 3 indicated an exit signal. This week the market cap tested our baseline and got rejected. We cannot assume anything bullish from this, we have to consider that a further correction to the down side is starting to become more likely.
GALA broke a descending resistance on daily (Could rally ~70%)
Just a really quick look at an alt that performed well this year, it's showing signs of another move to the upside (if Bitcoin holds where it's at). Gala recently broke a descending res. that has been holding it down & is sitting under the daily pivot point.
Watch for a successful breakout of the pivot point for confirmation of an imminent rally and possible ~70% move as it moves to find new resistance above.
Keep an Eye on Bitcoin however as Bitcoin could ruin the party.
BINANCE:GALAUSDT COINBASE:GALAUSD CRYPTOCAP:GALA
ocean to the moonA very strong strap
Need one move and to the moons
Everything is displayed on the chart!
MATICUSD coming up to channel resistance - should breakMATICUSD coming up to channel resistance but it's the 4th touch and I expect it to break. Never trust the 4th, as a famous scarecrow once said...
After this expect ATH retest, slight retrace to channel resistance now support, then next Gann line as target as mid time frame target ($4+).
retest resistance turned support for a 2nd day runnerbest risk is to enter ~177.4, yesterday's (12/6) closing VWAP & retest of recent breakout above resistance on hourly chart since Nov 22
lots of weekly call volume today, +8% today on news. other travel stocks up big today as well
since i'll be looking for it to be a 2nd day runner, my exit will be under vwap on low volume. will watch tape
plan voided if gap up in pre-market, or open below entry.
if open >182, i'll look for a quick scalp +182.1 with little risk
BTC possible decrease Bitcoin has hit the 50 day MA today after $900 million has been liquidated. This has caused bitcoin to start forming a second shoulder in a head and shoulders pattern on the 1 day chart. At the time of writing bitcoin is $49,000, following the head and shoulders pattern bitcoin could see $55,000 before further plummeting to $40,000. However, if bitcoin rebounds from the 50 day moving average it should pass all time highs of $67,544 to possibly see $100,000 by mid January.
SHIB to break-outI'm bullish on SHIB. Shiba Inu has been trading in an extremely bullish pattern for the last few days and actually months if we talk about the bigger channel in pink. It did break out of the pink pattern once on last Tuesday but has been correcting since. Now SHIB is literally on the verge of 3 important patterns, 2 bullish patterns (big and small) and an extreme resistance level of 0.000036. I believe it can moon and reach the closest target of Fibonacci 62% at 0.000065. It's already on its dip, so there's a little to lose even if it doesn't but remember this is NOT a financial advice.
The end of DOGE. Buy at $0.005Dogecoin shows huge distribution during past 7 months.
Bad news for HODLers, it is going down and it is going very deep. Nearest possible strong support that could keep it for a long term (and also a good buy opportunity) is at around $0.005 - $0.007.
I expect Doge to make a final breath of correction after which it falls down to less than a cent.
gala need to hold pump or dump from here Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
Congratulation to those who have hold it so long and taking profits right now
This is your host k9100............................ back at your service
Hi there gala gang how you're doing I know it was good time for gala and congratulation to those who hold and support the project
and here gala is paying us
Please do your own research before investing ...............................................
zoom in and zoom out to see the targets and watch for red zone
Hit like and comment, support the work
Thanks for love and support, I hope we will reach our destination this season
Always remember to take profits
we hit our profit targets be patient and keep pushing we have more steam this bull run is not over yet
We need to hold this structure on gala yellow and white trend are important
buy in red sell in green enter point on chart make your own decisions I have share chart with you
hope we push through
He Guys get for free nft for mobox game and its is free to step below
MOBOX universe went to Binance and is giving away its boxes with NFT for free, which on the marketplace now cost from $ 60 to $ 15,000
This drop will last 6 days, 5000 boxes are handed out. Boxing will drop a random NFT (from simple to epic). The higher the NFT class, the more money it will bring you. Lottery system.
1. Open the Binance app, drag the screen down and select Mobox Games
2. Login
3. Press Forward and get the Avatar
4. Click on Tickets
5. We indicate the ID 15269346
................................................................................................................................... har har mahadev
have a nice day