Avax/BtcIt is not a question of IF it is a question of when?!
and the answer is soon.
as it is seen Avax is about to smash that dynamic resistance above and when it is broken, moon will be conquered.
hold on tight.
AVAXBTC trade ideas
AVAX/BTC - 4h - Analysis published on 03/01/2021Moon to Earth ... anybody there? Hello World, It’s Cosmo again and as promised I’ll start with my Coin/ Token to BTC analysis today to determine which of the Coins/ Tokens are currently over- and which are underperforming compared to BITCOIN.
This is ESSENTIAL 😇 because as a Hedge Fund we want to be SHORT in all underperforming Coins/ Tokens and we want to be LONG in all overperforming Coins/ Tokens to be able to make money in all market situations and independent from the price action and level.
So, let's get started 😃 … today I’ll analyze the AVALANCHE (AVAX) Token:
Summary of the Analysis
Trends: Short Term - Bearish & Long Term – Bearish
Crypto Screener™ (by TradingView) Rating: SELL
Technical Indicators (by TradingView & intotheblock): SELL
- Summary: 13 Bearish; 9 Neutral & 4 Bullish
- Oscillators: 2 Bearish; 8 Neutral & 1 Bullish
- Moving Averages: 11 Bearish; 1 Neutral & 3 Bullish
Fundamentals: SELL
- Circulating/ Total Supply = 21% & Circulating/ Max Supply = 11% --> STRONG SELL
- No Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto) available
- No SIMETRY™ Rating (by Crypto Briefing) available
- No Rating by TokenInsight available
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): negative
- 4h (4 hours frame): negative
- D (1 day frame): negative
- 7d (last 7 days): negative
AVAX/USD (purple) curve consistently declining more than BTC/USD (yellow) curve!
My Opinion: SELL - Bearish under BTC 0.00056750
My targets: -8.2%, -19.0% & -43.6% (from current price level)
AVAX/Bitcoin follows a very strong bearish trend (20° downwards) from ATH (all time high) on 02/10/2021. Traders may consider only short (sell) positions if the price stays well below BTC 0.00056750 (Stop Loss Level = 1st light green line above current price; +3.9% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Signal Force (0-10): 8 = very strong force
We are currently trading around VWAP. Should we break significantly downwards this would be a strong SELL signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Like and follow as the next analysis will focus on other over- and underperforming (compared to BTC) Coins or Tokens.
You'll then be able to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
Heard about them? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level!
Happy trading everyone!
Published on 03/201/2021, 11:30 AM (UTC+1)
AVAX / BTC Is About To Fly!AVAX / BTC Is About To Fly!
It looks like we are forming a cup on 1D chart.
Possible target: 0.0013 BTC
Remember about SL!
Short on Avax for a very nice long later onBitcoing dominance is on the rise, whether it will go very bullish or dump in the short term, it will for sure hurt alts.
There seems to be a nice support around 0.00038 on avax, a very good opportunity.
My first idea, let me know your thoughts.
- Not financial advice.
Avalanche (AVAXUSDT/AVAXBTC) Long&Short Trade Setups 2021/03/05Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 0.00050000, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
Short Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ 0.00055500 by the time price reaches it, and bounce back down.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
AVAXYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin - leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
Watching Avax Closely for a possible impulseAvax broke trough support however managed to crawl back. Watch for a possible breakout against btc which could result in a pump
AVAX 78.6 retracement against BTCAVAXC still very weak against BTC. we're nearing the 78.6 retracement which might offer some support and possibly facilitate a bounce.
AVAX : Big breakout possibleAVAX could break through this resistance line and reach new highs soon. I expect a retest and then maybe a breakout.
