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Cardano will enter bearish period for next couple of daysCardano has been acting a little strange recently. From what I have seen, it is not benefiting that much from the recent run-up from BTC. I believe that this is because of the strong resistance levels and the pushing towards the downwards side. Cardano might enter a bearish period for the next couple of days, then have a massive breakout due to it being underbought on this level. After this period, we could be seeing a 10-30% increase. Who knows?
by spencerthornton
2
Updates to Projections: BTCUSD (Foundation @ $43K?)What up Risktakers? I'm dropping this new chart idea for bitcoin as I've observed it's movements over the past few months.. I really like this chart because it gives us an idea of where the "norm" ranges will reside for $BTC in the 'Early Adoption' segment of the bell curve to $BTC global prevalence. *Now just because you see "Moonsie" on the chart, doesn't mean that I believe we're smashing it this month... but who knows where we'll be by Q4 2021? -Stay Ri$ky
BITSTAMP:BTCUSD
by risktrader95
Bitcoin what's next? Honest analysis. Hello everyone, I believe bitcoin is in a very awkward stage right now. Is it bullish? Is it bearish? Here's my honest take on bitcoin right now. For the short term, I think bitcoin will drop. Where? I think a perfect bounce would happen around the .382 Fib level. This aligns with our "possible" upward support line, daily 100 moving average, and the bottom line of our KC indicator. We can see this drop would also be validated by the 4 hour double top and price action occurring. Not to mention there is a very obvious dead cat bounce validated by bearish price action on the daily. But where will we head after that? To be honest, we need to let the charts play out. I could see Bitcoin bounce and make a similar dump and run pattern it did back in late Feb/ early March. But, I could also see bitcoin going lower into the "bearish territory" and possibly test lower lows. Bitcoin has yet to test the 20 and 50 weekly MAs. As stated in previous posts, these Moving averages were tested several times throughout the entire 2017 bull market. We need more confirmation before assuming anything. Here's the technicals: 1. Price action is bearish on the move from $47,000 to $59,000. This pattern is called a dead cat bounce. 2. MACD buying momentum has weakened and Bitcoin has failed to cross over the middle point. This is validated perfectly by volume. 3. Weekly 20/50 Moving Averages have not been tested. These were tested several times in the 2017 bull market. 4. There was a bullish fakeout above the Upper Resistance line to $59,000. Generally, a fakeout leads to lower prices or a retest of the lower support line. 5. There is a double top on the 4 hour chart that was confirmed with price action. Generally, confirmed patterns tend to be followed by the trend they reflect. A double top is bearish so I am expecting lower prices. 6. Bitcoin has rejected the 50 moving average once again. And there is also a "death cross" of the 20 MA crossing below the 50 MA. Typically this leads to lower prices or consolidation. 7. The drop from $64,000 to $47,000 is bullish price action with volume going down as price is going down. With all of this said, Bitcoin could just go sideways while alts have their time to shine. Personally, I have been trading alts as they have somewhat ignored Bitcoin's price action. Not to mention, until bitcoin breaks $59,000 to $60,000, it is just testing previous support levels and is not as bullish as many think. As a trader, we need to see both sides and be flexible in how we think. I hope this analysis helps some of you find an entry point, profit-sell/stop loss, etc. As always, be patient, use risk management, and good luck trading!
BITSTAMP:BTCUSD
by RomanXIV
5
$LINK: Will the $30 level hold?Hey yall, it's been a minute since I posted a $LINK chart so I'll show you what I'm thinking about at the moment. Overall market sentiment was pretty bearish for a moment there. However, I think that was a result of a massive inflow of new money via doge and scam BSC / cake swap tokens that were blowing up on tictok etc. Massive amounts of overleveraged new traders === obvious correction. In bull markets we want to see 20-30% corrections. That's weakness leaving the market and floors being established. How low will this coin go? Did it find a strong support? Or did it just keep going down like doge did from 40 cents all the way to 15 cents. $LINK has been slowly climbing the pitchfork that I drew in the post that I linked as a related idea. We're still actually within the median and the upper 0.5 prong. Which is very solid. We're also seeing a pretty strong support being respected at the $30 dollar mark. So trading wise? I'm accumulating more spot. I want as much $LINK as I can get before staking arrives. In lower time frames? We want to see 30 dollars respected. We also want to see the PA reclaim the middle band from the bollinger bands. And finally we want to see the 3 period Supertrend flip back to bullish. If all 3 of those things happen? I'll be entering long positions with a minimum price target of previous ATH. I'm posting this as a neutral position for now though, because there's too much BTC volatility to really see a clear trend. Trend is your friend for trading. Long term? $LINK is the most incredibly important crypto in the entire world. It is the foundation for which all of defi is being built upon. $BTC will always be important and massive... but #DEFI will dwarf the bitcoin marketcap by orders of magnitude. $LINK will be in the center of all of that.
FTX:LINKPERP
by its_maxbro
EURUSD: Uncertainty Reigns !On EURUSD, price has formed a possible channel on H1 timeframe as it went below the demand zone (1.19). All fundamentals let us think that the bullish scenario isn't gone. However, more confluence is needed on this to take the right decision. A possible scenario: Could be that price touches the upper trendline, dive back in the channel and breaks the upper trendline with many bullish candles. Then and only then a BUY can be activated as the impulsive phase would have begun. Until then, Trade Safe and best of luck !
by Therealsmaira
EURJPY Neutral status 22/01/2021here we have 2 scenarios of Bullish and bearish, the price action shows a higher chances of bullish rally but at the same time we can see Bearish Divergence on MACD, so we can wait and see or use this chart as a template and apply your analysis and find your confluences with it and choose a side personally I am bearish on it but as I said there are risk on this side too we have specified some Support and Resistance levels where you can target for bearish we can target the intersection of our trend lines which is at 123.66 please comment your opinion for us I apologize for the messy chart... :)
by BitonGroup
2
USD/JPY - Resistance reached. What's next?In the 4 hours chart, we can see that USD/JPY has reached a resistence level that has been rejected. There are two possible scenarios: First: The market will build a support structure at one of support levels and retest strong resistence with a possible breakout. Than, establishment of a new strong support zone and continued upward movement. Second: The market will not be able to stop the bearish movement at one of the support levels and will make a deeper rejection until a strong support zone is reached. If you like such ideas, please leave a like and follow this channel so you don't miss another analysis. This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
by GetSet
Litecoin at a crucial point - possible re-entry into bull on 1DLitecoin is at an extremely critical point on the 1D as it has the possibility of crossing back into a favorable long position if the price closes above 179 USD. Historically in times of week-long bear trends, we generally do not see a return to weekly trend normality immediately, so expect some volatility in the coming weeks (especially if price closes below 175 indicating a weekly short trend). I am currently neutral on this until I see the close for today. This could be a very profitable long position to take if it does cross, but it would be catastrophic to take that position today and for that crossing to fail. I can't post links because this is my first Idea published and I have no rep yet. I have charts and TA to back this up but I am unable to post them unfortunately.
BITFINEX:LTCUSD
by zaijal
4
ETH looking like it might start being a buy vs BTCThis chart illustrates the dangers of ALTs vs BTC. Now, I personally consider ETH a semi-alt. This also illustrates the dangers of having an extreme view when looking at the market. About a month an a half ago, I noticed the amount of posts on twitter, the ideas on tradingview having an extremely lopsided view of ETH vs. BTC. "ETH gonna flip BTC," or "ETH gonna be worth 10,000 BTC," or whatever "extremist" rhetoric you wanna toss out there. Anyone sold all their BTC for ETH to follow these ideas and views now has to recon with the fact that you have lost a significant amount of performance in the last month or month an a half depending. That being said, if you do gamble, ETH might now be a buy vs BTC. I might but only a little bit. Also this, have a core position on both, and you'll probably do well in the long run. Don't fall for tribalism or "extremist views." In January I started a small AMM (automatic market maker) with one of the exchanges I use, to take care of this nonsense for me. I risk a small amount of BTC vs ETH and just leave it. I think they are both valuable and I think they will for the most part always be in play against each other to a small degree. So I make money on the chop. That being said, during the run up I sold about an ETH and a half into BTC to offset this risk from the AMM because I had a feeling that we would be going through a serious period of BTC growth vs. ETH. Again, now might be a good time to start considering converting a bit. Still haven't decided, perhaps tomorrow. What is better than trading and getting rekt...look to harvest some yield on your assets rather than gambling. Market tops and bottoms are littered with the corpses of extremists.
by JJMa
Quick Update on BTCHi Guys Here is 2 things The first is the minor CME gap at 18850 where the 50 EMA is located maybe btc will test first it and if price goes up from here then we can open short position from there. The second is big CME gap was at price 17k and the 200 EMA is also located which is strong support area if btc goes down from here and then we can open long position from there. So no trade zone ATM I will share complete details soon about Mt.Gox is selling their btc please like and follow and leave your comments Thanks
CME:BTC1!
by cryptossking
6