Moon
Another reason for 200k+Disclaimer: I only use consistencies that are found in all cycles from '13 & beyond when predicting movement. There are a lot of them.
First, I'm looking at the fib retracements that fall in a range that I define in my related idea '259k bullmarket top & how' or 'Holy Grail' for more details.
Pulling the retracement from the bottom of the range and the 0.618 to the top of the range defines the 3.618 as the top of past cycles. This leads to a 222k top for this cycle, which is within my target prices (see related ideas).
The next consistency is the amount of days we were in between the 0.236 & the 0.618 fibs. It was roughly 68 days in '13 & '17. We're looking to be on track to passing that 62k mark next week if this stays consistent between cycles.
The time we reach the top from breaking the 0.618 isn't consistent, so I don't really speak on that. The time it takes gets longer, so maybe that would mean March/April of next year if that pattern continues.
Final thoughts: My green 0.618 fib is my best guess as to where we currently are when comparing cycles. Each cycle sat around that fib for about a week and took another week to to pop out of the white 0.618. So that could be interpreted as October 21st when we finally cross that line.
If we dip much further below and cannot rebound like in '13, I may have to reconsider a how the rest of this cycle plays out. By the amount of consistencies I've found between all cycles so far (see related ideas), I'm very confident that we reach 200k+ by year end.
FTM big move UP?!I see a pattern developing on FTM on the 4h chart, when the RSI is falling in a trend the eventual breakout of the trend results in some fairly big % moves.
I know a guy named Ted and he loves FTM, he talks about it all the time, so with that in mind, i see more upside potential for FTM once the RSI trends up.
BNB long term move to $1000Theory is as follows, Bitcoin keeps doing well and with Binance being the biggest exchange they are well positioned to capture alot of the increasing demand.
Binance rams BNB down users throats in advertising, therefor, if Binance continues to do well I see BNB easily hitting $1100 (but most likely higher) in the not so distant future.
Nu 80 cents... This coin has be so beat up and sleeping for ever... However the nu and keep merger is bringing some hype into this... they will both double.
$DXY: Moon Trading & Technical AnalysisEvery time this index goes up, stock and crypto markets go down, sooner or later, whitin the same day, and even in the same hour. The accuracy of this intermarket connection is highly great and for many fundamental reasons this is totally reasonable.
As well can see here, $DXY is absolutely synchronized with the Moon phases, every single month, having an average growth between 1% and 3%. Right now, we can see in the RSI that it broke in a down trend on the daily chart. This means that we will see stock and crypto markets to raise a little bit more, till the Aries Full Moon, when usually prices bottom. Once the RSI for this index shows undervalue and the daily candlesticks are testing the support I draw in the chart, it is very likely we will see a bounce up. As long as any important catalyst shows up.
If you are a Moon Trader as myself, or you are doing Swing Trading and you are already in great profits, I would suggest to set a SL so you don't lose your profits with the drop of the Full Moon and later on, once the RSI for the particular cryptocurrency or stock you are insterested in shows a buy signal (blue line breaks up trend over the red line in the undervalue area) then you can take a long positions using your initial investment plus your profits.
We need to keep an eye on this index and the news of the FED and the US goverment, because as you will see, they impact heavily on this index and by extention, in the overall market conditions.
This is not financial advice, but for educational purposes only. Always do your own diligent research.
May you have a great and profitable day!
MATIC has big gains ahead!Bit of a messy chart this one, but not only do we have a bullish pattern of higher lows and lower highs (green lines) but we also see what could be an inverted head and shoulder pattern with a price target above all time highs.
Sidenotes:
MATIC is a great project, accumulate while its cheap!
I love their ability to evolve to suit the current landscape. long term i think a new test at all time high is likely, but more than likely it goes far beyond that.
BTC Dump coming?Hi guys, hope you are doing well. I'd like to discuss BINANCE:BTCUSDTPERP .
I'll go straight to the point. Basically, people think this last pump that happened last week probably means a new ATH in some time... We trade what we see, and what I see is 2 legs to the upside on the 4h timeframe, distribution in the yellow box, a false breakout and now I'm expecting a dump. Will this dump be as huge as before? Who knows, I'll take profits in the previous high. Manage your risk and only trade with money you can lose! We don't want you homeless.
#DYOR
SLP Important low Resistance Hello everyone, this is my analysis of SLP,
Beside this always have an eye on BTC because leader can accelerate the movements and momentum.
1- We are in down trend yet and as you can see price is moving into downward channel.
2- Price became close to it's important resistance 0.069 price.
3- In past price tried 2 times to break the resistance but failed, so I guess for the third time it will fail.
4- the volume of the trades are quite attractive in this low.
based on the above situations I believe it will be good for Long position.
----- this is not financial advice -------
Trade with low leverage and make sure to follow risk management while opening a position.
$CVC/USD: Moon Trading & Technical AnalysisAccording to my indicators that you can see in the chart, and based on the nice Cup & Handle pattern that $CVC is drawing in the weekly chart, we could be seeing a potential growth of a beautiful +150% between the Scorpio New Moon (re-born from the ashes, like the Fenix) and the Taurus Full Moon. I would keep a close eye on what the price is doing near the Full Moon on the 20th of October. Once RSI, MACD and any other indicator you may use is showing a "buy signal", make sure you don't lose it. This hidden gems coins usually explode between Full Moon and New Moon, and drop hard (as we have been seeing) between New Moon and Full Moon.
If you are already in profits, you could take profits now and re-enter in a long leveraged position (x3) around the Full Moon.
This is not financial advice, but for educational purposes only. Make sure you always do your own diligent research.
May you have an amazing, blessed and profitable week Moon Trading family!
$SHIB/USDT: Moon Trading & Technical AnalysisWhat Is SHIBA INU (SHIB)?
Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.
According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on their own ShibaSwap, a decentralized exchange.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.
Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.
On Sept. 17, 2021, Coinbase, the largest US-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.
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Now that you know what actually this token is and from where it came, we can truly do an analysis of the price. My personal opinion is that any token which doesn't belong to a blockchain that is in fact giving a long-lasting use case impacting our way of living or thinking in terms of economics, social interactions, banking system, technology, and so and forth, it is then a risky investment.
Why? Because at some point, more and more tokens based on great use cases will appear in the crypto market and the hedge funds and financial institutions will jump on them. Who cares about hedge funds and financial institutions? Well, they are the source of what in the market is called "smart money", meaning they are naturally, due to their influence and extremely deep connections within companies and goverments, aware of the potential of these solidly empowered tokens and they know before anyone else what that particular blockchain will be providing and to which companies will be connecting.
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We have around 8 days till the Full Moon of October where the prices usually drop significantly. Before that, we could see the price testing the 3565 resistance and from then re-visiting the 2055 support. From there, all the indicators show that they price only is going up, up, up! And more considering the big players coming to this token. You could like this or be against trading this token, but one this is true, people is making a lot of money out of it, specially since the token was listed on Coinbase, a very "careful when choosing" exchange of cryptocurrencies.
I would keep a very small portion of my portfolio on this token taking a long leveraged position, with perhaps 3x closer to the Full Moon, the 20th of October. I would suggest also to keep a close eye on BTC Dominance chart, because the higher that number is, the harder for altcoins to raise.
This is not financial advise but for educational purposes only. Always do your own diligent research.
May you have a beautiful and profitable beginning of the weak!