Technicalindicators
BTC - 2/1/2022Sort of a continuation on the last BTC idea I posted. Based on the channel BTC looks like it's in, I think shortly we'll see a drop in price.
Idea for current supports and resistances of BTC .
As of right now, btc seems bearish and I feel is likely to test support levels at 35.5k to 34k.
I do feel like this downward trend will be short-lived, but depending on how much selling activity happens on the way down, we may very well see a test of support at 29k , but is unlikely.
These are just ideas, not FA. Do research for yourself and don't just take my word for it.
Happy trading and good luck!
Monero XMR LONGCoin: Monero
Type of signal : Spot
Entry Price : 177$-210$
Price now : 200$
Goals:
Tp1 210$
Tp2 236$
Tp3 272$
Tp4 333$
Long-Term
400$-450-500$$
SL Daily Candle under 149$
Psychology of a Market Cycle Applied (CARDANO's representation)Above is a comparison of the Psychology of the market cycle from Wall St. Cheat Sheet (originally developed and posted by Satoshi Nakamoto, the cryptic father of the first cryptocurrency, Bitcoin, and, arguably, deserves the title of 'Father of Cryptocurrency ADA's current price action/movement.
Currently, I see two possibilities:
1) We are in the end of the DISBELIEF phase, where a slight pull back occurs before the optimism/belief/thrill stages appear.
2) We may be experiencing the depression dip before building up to the "Hope" phase were a small pull back occurs before a big breakout.
Given the effects of the tumultuous socio-economic environment created by COVID along with the unprecedented flooding of the Alt/DeFi/NFT market (ranging from both revolutionary blockchain technologies to almost useless meme coins like Shib or the SQUID, named as reference to Squid Games show). It would be remiss of me not to further mention the major effects the global political environment has rendered. Issues range from China's crypto collapse (starting with mining and then finally fully banning the use of them) to Kazakhstan's power and internet outages .
Together, these provide an answer to a concept that seems to escape even the most astute technical traders: Although the use of statistically oriented indicators proves effective in theory, the patterns and signals we know to be effective tools today will slowly change in the the way they provide signals for traders. If the picture was the "average," then the actual market provides the source of "standard deviations" we see in price action evolution, both within a single asset's historical rendering and between assets that move closely.
Are you ZIL holding? ZIL is currently testing a long-term resistance (black line) on the daily chart. There have been multiple parallel channels in its journey so far. If ZIL breaks the trend line with a strong momentum candle the idea is that it will continue to trade in the upward channel. Until that happens ZIL can see a short-term fall to the green support which may be a good entry point.
Please note I am not a financial advisor and this is not financial advice, all ideas are for educational purposes only :)
Please DYOR and enjoy the idea!
Long BTCUSD - On the road to 54k before the max pain priceAfter a rise to 54,000 for Bitcoin, a possible return to 48,000 before the big bull-run?
First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We corrected overnight to 48500 to finalize wave C of our 1 hour correction wave. We are therefore entering phase three of our diagonal in gray.
According to this scenario based on Elliott's waves we will look for 54000 to finalize our diagonal before falling towards 48000 to reach the max pain price of the end of the year.
Let's give Bitcoin time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
BATUSD - The case for $1.34 price re-entry target! In this video:
* We review previous price action of Basic Attention Token
* We discuss potential future price action
* I make the case for reasons why $1.34 may now become support and a new re-entry target area
DOGEUSD(1D): DOGE continuing it's bearish momentumMarket in the last 1 week
DOGEUSD moving in an overall downward momentum along with the lower Bollinger band. This could also be backed by the low daily trading volume suggesting that traders are not confident in the asset at the moment. Trading volume has been on the lower side of the spectrum for about some time which might have led to the current bearish momentum.
Next Week's Trend analysis
The price seems to have accepted the lower Bollinger band as a support line which could indicate a consolidated movement with a slight indication of bearish momentum. The price is expected to continue this motion until it moves above the middle Bollinger band.
The price change was high at approximately 17.2 %, with the week's range between $0.193 — $0.262.
Price at the time of publishing: $0.206
DOGE’s market cap: $27.22 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
GBPUSD - From Market Maker Zones (4th Week of November)Hello,
Risky buys, conformation for buys will be DAY close above balance zone.
After it will happen we will share best zones where to buy ( add ) more long in mid-term perspective.
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Always look for reactions on this levels before you execute the trade
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--------------------------------------- DISCLAIMER ---------------------------------------------------
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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EURUSD - From Market Maker Zones (4th Week of November)Hello,
Risky buys (Reason EU and DXY passed monthly zones , and pull back chance is 75%)
Conformation for buys will be: DAY close above balance zone.
After it will happen we will share best zones where to buy (or add) more long in mid-term perspective.
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Always look for reactions on this levels before you execute the trade
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--------------------------------------- DISCLAIMER ---------------------------------------------------
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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ETHUSD(4Hr) : ETH back to testing 4K markMarket in the last 24 hours
The price saw a major downtrend in the last 24 hours with the price moving from the middle to the lower Bollinger band. Trading volume has been relatively high in the last 24 hours.
Next 24 hours Trend analysis
The recent green tick seems to indicate that the price has accepted the bottom Bollinger band as a support line suggesting a slight bullish momentum. This will also be supported if the trading volume doesn't drastically change.
The price change was high at approximately 3.98%, with the day's range between $3971 — $4344.
Price at the time of publishing: $4075
ETH’s market cap: $483 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
Dogecoin Price AnalysisDOGE is trading sideways in the wake of dipping under key levels prior in the week. On Tuesday, the altcoin expanded its week's misfortunes; falling beneath the critical help zone of 0.2500.
On a three-hour chart, it is trading below the 25 and 50-day exponential moving averages. In the near term, I expect the prior support zone of 0.2500 to be a key resistance level. From this perspective, Dogecoin's price will probably trade within a range between Wednesday’s low of 0.2295 and along the 25-day EMA at 0.2434. A move below the stated lower border will likely place the support zone at 0.2200.
In the wake of hitting November's low of 0.2242, it has since bounced back to trade inside a tight scope between the range of 0.2300 and 0.2425. In the course of the last five sessions, Dogecoin's cost has dropped by 13.70%.
Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
150K Bitcoin Top?Posted this earlier today but it got flagged for adding my twitter handle so im posting again.
A lot of times this cycle is compared to the BTC cycle in 2013. However right now price action is looking very similar to 2017. We have bottomed out on almost the exact day in July and have been following the price movement of the second half of 2017 very closely.
The 55 EMA looks to be important to watch during these times. In July 2017, BTC had broken below the 55EMA before bottoming out, very similar to July 2021. They then proceeded to make higher highs and higher lows before having a second break and close below in September. It recovered relatively quickly from here and went on to continue the uptrend.
In both 2017 and 2021 when we bottomed in July and September, we had a double bottom on the RSI . In November of 2017 we didnt reach the bottom levels of the RSI trend during that correction but we did correct and continued the uptrend on the RSI once we tested and bounced off of the 55 EMA on the daily.
We just tested the 55EMA, and are currently looking for a bounce. If this plays out until the end of the year we could see a cycle top of 150k as soon as December 21st of this year.
After we reestablish the 7 MA next close below could be the signal that the top is in.
Good luck!
XRPUSD(4H): Ripple oscillating above 1$Market in the last 24hrs
The price can be seen moving sideways as it seems to have accepted the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to oscillate between the middle and the lower Bollinger band till we see some drastic changes in the volume or some other fundamental factors.
Price volatility was extremely low at approximately 0.95%, with the day's range between $1.07 — $1.11.
Price at the time of publishing: $1.1
XRP’s market cap: $51.55 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
GBPUSD SHORT - From Market Maker Zones (3nd Week of November)Hello,
Our previous trading idea hit all the targets!
GU (also EU) now in potential reverse zone, in order to confirm that we need to close a DAY above Balance.
But since we are still in BEARISH mood, we will try to take shorts :)
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Always look for reactions on this levels before you execute the trade
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EURUSD SHORT - From Market Maker Zones (3nd Week of November)Hello,
Our previous trading idea hit all the targets!
EU (also GU) now in potential reverse zone, in order to confirm that we need to close a DAY above Balance.
But since we are still in BEARISH mood, we will try to take shorts :)
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Always look for reactions on this levels before you execute the trade
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GBPCAD > Are You Watching This Strong Sell Setup?Hey traders,
check my analysis below, and if you have any questions guys leave a comment and I will make sure to answer them.
Analysis of #GBPCAD
Possible sell entry near strong structure resistance where I expect the market to turn bearish
If the market comes to my zone i will then drop a one-time frame to look for a valid sell entry that meets my rules for engagement
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Before trading my ideas make your analysis.
Thanks for your continued support!
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Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**