Rocket Lab setting up for a strong reversal. PIPE dry? 🚀 RocketLab has a few catalysts coming up.
The sell off was due to the PIPE being unlocked. This isn't a high redemption SPAC pump and dump, I don't expect this to fall any further than $12.30. Strong buying there.
Nice doji reversal on the weekly with selling pressure easing on the indicators.
Cost to borrow is going down which indicates it's not as lucrative to short.
Looking for $15+ by mid November and a run up to $20+ towards EOY due to reward structure for management if they close there for a set amount of dates.
Moon
BTC - Moon Cycle TA (Financial Astrology Overview & Prediction)It was covered before, but if you backtest Bitcoin's 2021 correlation to the moon cycle, you find an approximately 80% success rate if you laddered long entries during the week of a full moon, or laddered shorts over the week of a new moon. Basically the moon cycle is more accurate than almost everyone reading this.
Background : astrology has an interesting relationship with crypto and other speculative markets. Many traders don't realize that one of the most famous traders in history, W.D. Gann, was a major proponent of financial astrology, and wrote many volumes on the subject. It also turns out that financial astrology is much more complex than you realize, to include:
measuring positions of planets through the day
the phase of the moon, the zodiacs
the positions of planets relative to each other
the effect sometimes varies per market (for example, stocks affected differently than crypto)
..and much more!
So what does the current pattern say about Bitcoin? Well admittedly I am a complete amateur at financial astrology. There are qualified financial astrologist (though I suspect extremely few are well studied). So this chart is only looking at the correlation between Bitcoin price action and the moon phases, specifically the full moon and new moon. As I stated above, if you laddered longs during the weeks with full moons, you would have around an 80% success rate entering near the local bottom in the pattern.
Note : I never rely on only a single data point or indicator, so I'm also referencing on-chain data (Bitcoin netflows and exchange supply), as well as a basic fibonacci retracement (fibonacci is another trading science that works in mysterious ways). I want to find confluence here, where on-chain data appears neutral to bullish, allowing the moon's influence to further rally the bulls for a proper breakout.
Prediction : on-chain data currently appears neutral (with a weak bullish bias) to overwhelmingly bullish with clear signs of continued accumulation, although a small uptick in supply means we are shaking some profit-taking/paper hands from the market.
Given the full moon presented on 19 November, within less than a week we should see a strong move to the upside as the full moon weakens bear's resolve and rallies bulls. Of course we want to validate this along the way with continued bullish on-chain data.
Dark Days For the Dollar Haters???I find it difficult to see the world "excuse me" Duh Metaworld any different than times of passed. True things have been fun but I doubt that our fun is now coming to a conclusion. It's been really encouraging to get stock tips and the next best crypto buys from friends and family.
All in all I still feel good about the dollar and the even greater opportunities that will be seen as the cloud of FOMO finally dissipates. (This includes the down with dollar crowd)
No Advice to give just thoughts that I can't shake after the last 6 years in the world of CRYPTO Making Dollar Coin
🤷♂️ #Fixed IDK Protect Your Neck!
🙏 FOR JUST A HEALTHLY PULLBACK!
""KEEP CALM AND MANAGE THY RISK!""
I am The CoinSLayer 👨💻😈
Long🟢 Falling Channel, Descending Wedge, Zone Support, New ATH Deep AI detected Falling Channel.
Falling Channel is a bullish pattern.
Our Neuro-Fuzzy Botnet thinks breakout.
Also, Machine Learning detected Descending Wedge.
Descending Wedge is a bullish pattern.
Again:
Our Neuro-Fuzzy Botnet thinks breakout.
Linear Regression computed:
1st Target is the bottom white box.
In an optimistic scenario, Top white box is possible.
Fuzzy algorithms show a hidden uptrend.
- Whale Monitor detected zone support.
See cyan area!
RSI found support.
🚀 We think you can send Bitcoin .
71000 USD! 2 BIG POSSIBILITY BTC/USDTbelow the 57K , 51K buy opportunity
or
Up Up Up
The first bitcoin upgrade in four years has just gone live. It is a rare moment of consensus among stakeholders, and it’s a big deal for the world’s most popular cryptocurrency.
The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, which can be used to eliminate middlemen from transactions.
“Taproot matters, because it opens a breadth of opportunity for entrepreneurs interested in expanding bitcoin’s utility,” said Alyse Killeen, founder and managing partner of bitcoin-focused venture firm Stillmark.
Unlike bitcoin’s 2017 upgrade – referred to as the “last civil war” because of the contentious ideological divide separating adherents – Taproot has near universal support, in part because these changes involve fairly incremental improvements to the code.
AMC moon soon?AMC has been forming a triangle for the past couple of weeks. Looking similar to the previous 500%+ pump. Taking the same candles and putting it in the future gives us an estimate of what would happen if history decides to repeat itself. Not a guarantee ofc but nice to keep in mind. Good luck traders!
Long🟢Falling Wedge, RSI uptrend on BTCUSDT (Bullish)Deep AI detected Falling Wedge.
Falling Wedge is a bullish pattern.
1st Target is the bottom white box.
Then we have to re-evaluate.
In an optimistic scenario, Top white box is possible.
Fuzzy algorithms show a hidden uptrend.
RSI found support.
🚀 We think you can send Bitcoin.
r/CryptoCurrency Moons: Possible trends to considerHere we have the subreddit r/CryptoCurrency's MOON token. It has done considerably well and with only a $20m USD market cap and its presence on the testnet, it is just a baby.
This is my first post, but I just want to share a couple of trendlines and a fib retracement I noticed and possible movements looking forward. This token has successfully retested and held the support at .14 multiple times, which has been a resistance previously. It could be in a bullish pennant or a descending triangle.
Thanks
matic usdt update matic usdt update matic usdt update matic usdt update matic usdt update matic usdt update matic usdt update matic usdt update matic usdt update matic usdt update
Possible HUGE trade AMC looks really good! After my technical analysis, we were able to break out of the triangle successfully, which was followed by a retest.
Super trade, with an excellent risk-reward ratio.
From this point we can see a wave 5 extension which ends in either a double top or a new all time high.
I would go into the trade, put a stop loss and forget about the stock for some time as the analysis took place on the daily chart.
This analysis is invalidated if we touch the price of $ 20.
For more informations see below.
RL from RT_Trading
$NKN/USDT: Moon Trading & Technical AnalysisAs we can see, this token has been performing excellently. And now it has been forming a triangle pattern from which we can see two potential targets: TP2 which is a projection of the highest side of the triangle and it is when started to be formed, and then we have TP1 which is a projection of the smaller constitutive part of the triangle. We only need to wait till the 4H candlestick breaks above the upper triangle line which is acting as resistance. Sit back, relax, enjoy your weekend and leave some alerts.
Also you can check the fundamentals of this token which are great and extremely bullish! Never invest in something you don't understand my friend. And remember this is not financial advice, just my opinion.
Let me know your thoughts on the comments below!
Have a fantastic day and may we see great profits from this token!
XLM First Target SecuredSo if we focus closely here, we can see XLM really consolidating for Higher highs. And we honestly believe they will be well worth the HODL/Accumulation.
Currently it looks like XLM is battling .33-.37 pretty vehemently. If it can break through and hold a steady beat through even the .44 range, XLM will start a new leg up to its higher-highs.
Keep an eye out for traps. RSI cannot be too high when ATH is in sights. The same is true for Volume and low RSI on sell-off. Don't get caught.
Never advice. Just m00n thoughts.
3 days ago - www.fxstreet.com
LRC - On the move in the upper fork channelNice pattern fits right in that zone. Looking good for more gains tomorrow