PERP 1h chart Elliot waves countHi guys, as you can see PERP broke out from the paralel channel after doing a complete Elliot waves cycle. I charted the possibility of another impulse wave that is currently on wave 1 of 5. Cconsidering the rounding bottom and also the Fibonacci extension level at 2.618 I think we might see the 9 $ levels very soon.
I also posted a related 2 links from last week when I was waiting exactly for this move to happen.
Just an idea, not financial advice.
Trade safely guys !
Perpetualswap
Cardano Perp ADA Short Setup Price action is kept the 30,50, and the 100 EMA
200EMA has been a strong support for 5 + days
but with every touch it becomes weaker .
We are at the top of a decending channel and i dont see LONGS being the best play here
2 options too short
Either short the Red box marked on the chart with a sl above the prev high or wait for the
Swing failure pattern.
Obviously there is no guarentee that we have a SFP but that is what i would like to see .
There is alot of resistance above us and i dont see us pushing up so easy from here.
I think it will take something special to do this as we have the 30, 50, 100 EMA above us
and the POC and we are at the top of the channel .
Have a clear invalidation whatever you decide and stick to your trading plan
Pls Like and Follow if you like my work ...Thankyou
BTC $70,000 In SightBTC making its way up the ascending channel with a nice break out today after ranging since 8 FEB .
Now we have broke that resistance that has held us back for the past 3 attempts we can now see with a Fib Expansion pull
the levels ahead that align perfectly with the top/middle of the channel , with 70k coming in as our 1-1.
A break of the ATH will push us on our way but if your not positioned right now then you could expect to see a pull back to the
VWAP region and a backtest of that prev resistance level .... All shown in chart if you wanted to take that opportunity
Market structure is bullish printing HL s as we make our way up the channel .
Fib Speed fan also visible on chart displaying what a respected journey its been for BTC ...Strap in
Have a plan and know where your wrong , Use a Sl and if you dont have a position as long as your holding Bitcoin then your still in a position .. Follow and Like ...Thanks with Gratitude
Please Note although I have some prices marked out in the flags , this does not mean i expect price to just go up without any consolidation or a battle at 58k ....
New ATH for BTC or short the 1-1If you are not in a position right now then i would sit back and set some alerts and see what BTC gives .
Based upon a 1-1 Fib Ext I expect us to find our way up to 54300 ish level as seen in the chart for a 1-1 of the move , also a fib pull from the low to the high gives us the .618 so I think we can be rejected in this region which is something to pay attention to if you have no position and are looking to short . I would not be surprised to see the classic SFP around this level but I do not advocate shorting blindly here ... ensure you look for other confirmations to validate the entry .
On the other hand we claim the 54300 level as support and head up to print a new ATH over the coming days .
Of course we can also pull back right here at 52600 and you could find your long if the market offers this.
Whatever you decide to do ensure to have a Plan, that way your always prepared for the market . Any questions then Pls ask , Like and Follow to support my Analysis , it costs nothing to press the button but its greatly appreciated.
PERPETUAL PERPWETH speculative target @ fib 1.618, PERP is one of the contenders in the DeFi margin-trading-sphere.
PERP is backed by Three Arrows Capital, one of the biggest holders in Grayscale; the largest crypto-fund in the world.
It has for now 20x leverage, which is more than enough for most people.
SWTH is another contender, which will have up to 150x leverage; this is also an exchange backed by Three Arrows Capital (through Defiance),
and is my main bag for long time hold. When SWTH gets listed on an exchange that is charted in Tradingview I will make some charts;
SWTH is a hidden gem, like PERP has been, the big guys are accumulating, trying to keep it under the radar for now while final development is done.
SWTH will boast perpetual OIL-futures, GOLD, BTC, whatever the community decides to list (for a fee offcourse), and 90% trading-fees goes to stakers.
Anyway; PERP has had very good volume on it's exchange, and I believe it can easily double from here compared to BTC.
It is obvious that decentralised trading is one of the directions the market will be headed.
It turned textbook at fib 0.618 / 0,38 depending on how you view it, and I believe next target is 1.618.
This is speculative, but looking at the charts this is what I believe will happen in a mid term perspective.
Happy trading.
Bitcoin (BTC) • OKEX and Binance now trading above spotFollow-up on my previous video. We end up having another leg up as Binance and OKEX perpetual swaps been trading bellow spot trying to frontrun the market. Now that we saw another $13M being added to liquidations books an perps trading above spot once again is making the correction more likely.
However we need to understand that we are currently in a spot-dominated market boosted by liquidity shortages on the supply side. As such even with perps trading above spot it can keep climbing up due to the frenetic demand coming from spot.
Why Bitcoin ATH is once again looking dangerous for longsFollowing my previous video regarding funding rates and perpetual swaps vs spot we are back at it again.
Bitcoin is once again suggesting that swaps are way too aggressively long at the top pushing funding rates into high premiums rates in some exchanges.
I do not think that shorting bitcoin against weekly and monthly uptrends trends is good idea but there is defiantly great trades that can be now done on the intraday WHILE funding rates and perp/spot basis keep trading at significant premiums.
Bitcoin Perpetual Swaps v Spot basis suggest overlev longs Bottom indicator showing some important Perpetual Swaps contracts vs Coinbase price basis
baseline = spot price
basis positive = swaps trading at premium (generally strong over-leveraged LONG exposure ), push longs paying funding to shorts
basis negative = swaps trading at discount (generally strong over-leveraged SHORT exposure ), push short paying funding to longs
We can observe ongoing existence of what is likely to be over leveraged longs.
The swaps been trading significantly at premium.
Trading at premium mean that swaps funding rates rise substantially and consistently putting pressure on longs since longs pay shorts.
Market-markers are on the receiving side of that funding to offset the risk of being against the trend while providing liquidity to a market that may for the moment may be losing some steam on the demand side waiting for a pullback
Price been trading consistently above the trendline which remain intact but the swap-spot basis suggest a strong pull may occur in the future. Staying full long (specially if entry is very recent) in what looks like a very possible local top, even if we wick towards 20.1k, is very risky.
How to load Bitmex/Deribit (Perp Swaps) vs Coinbase(Spot) BasisIn this video I go through the process on how to build simple oscilator with Bitmex/Deribit (Perp Swaps) vs Coinbase(Spot) Basis.
This data may give leading clue to what Market Makers and other big players may be doing on a macro level by taking advantage of funding.
Don't Miss This Descending Triangle for XBT/USD!The bulls are very strong right now. We've just seen them taking a shot at 9400, confirming the descending triangle. However, with some of the bears stopped out the bulls might return stronger than ever.
The scenario I want to share in this idea is the opportunity for another rally, this time breaking through the upper resistance of the triangle. When that happens, things can suddenly really take off. In such a case I would expect BTC to move to levels of around $10000. If you want to be safe, you could add your take profits slightly under the psychological resistance of $10000.
With the RSI being overbought right now (>70), I do expect that the price momentum will need to cool down a bit before it can continue another upwards move. That's why I gave it a few days to prepare for the next rally.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
LONG - ATOMPERP - Trading OpportunityATOMPERP:FTX
A beauty of a falling wedge. Volume has settled and looks like bulls are about to step in.
Entry: 4.091
Target 1: 4.2
Target 2: 4.296
Target 2: 4.375
SL: 4.02
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
LONG - BTMXPERP - Trading OpportunityAscending triangle on the verge of a breakout.
Entry: 0.5292
Target 1: 0.05377
Target 2: 0.05492
Target 3: 0.05661
SL: 0.05174
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).
LONG - XTZ - Trading OpportunityLooking into buying this bottom here. quick retest+almost no volume on the last drop.
Entry: 1.2887
TP 1: 1.3305
TP 2: 1.3650
TP: 1.3935
SL: 1.2887
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).
Bitcoin: Why 7800 Won't Hold the Pressure?!What we can see at this market structure? Price is near 7800 resistance zone. Which actually very important zone for next move.
Slow accumulation of longs spotted at range of 7600 and 7450. We've seen similar structures at the begining of the year in 4200 resistance zone.
So track breakout, and follow the established trend.
Feel free to ask any questions in PM @ArShevelev or comments
Recent bitcoin movement analogy. Buying confirmed! Hey everyone! I want everyone to understand charts as they are, without any indicators, wave analysis or measured moves. Here's price action explained in pure simplicity. I use my methods for margin trading bitcoin perpetuals everyday. If you want to join me, hop in my Telegram channel, it's completely free!
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XBT/USD reaching the end of a bullis descending triangle patternAs the title says , we're reaching the end of a perfectly respected bullish descending triangle pattern, entries must be confirmed with aditional indicators and maybe some news to have a more precise point, also you can find our potential long entry zone plotted.
If the breakout happens, the first test will be around the 0.23 Support wich equals more or less to a resistance level from feb last year.
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