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MKRBTC trade ideas

Get rich or die tryin🔥Get ready to become rich, folks🔥 There is one more interesting formation on crypto market. Symmetrical triangle on MKR/BTC crypto pair. There was a strong and confident bullish sentiment before. It could be a good confirmation for bull traders. According to Elliott Waves theory Wave C is done and now price is heading to Wave D. However this formation may become circumcised and break the level earlier. So follow the chart and look for the breakout carefully. _____________________________________________________ If you enjoy my FREE Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest
2
Crypto|MKR/BTC|LongLong MKR/BTC Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. Red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
29
Maker: at least +10% vs BitcoinMaker DAO’s MKR token is one of the oldest DeFi assets. Like many other crypto assets, it posted stellar gains this year. Yet in BTC terms, it’s still well below its all-time high of 0.18 that was observed in 2019. After a surge to above 0.08 BTC (a level also last seen in 2019), MKR was heavily sold throughout February. We’ve asked Hybrid Intelligence the following question to see if MKR has now reached the bottom. “The cryptocurrency Maker (MKR/BTC) settled at 0.044437 BTC at 07:00 AM UTC at the Binance exchange on Thursday, February 25. Will MKR/BTC trade above 0.048881 BTC (+10.0%) earlier than trading below 0.039993 BTC (-10.0%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 71% This is a bullish signal, suggesting that Maker is more likely to bounce from this level. Of course, it’s also important to watch the overall trend for the whole crypto market (covered in yesterday’s idea).
Long
by Cindicator
MKR/BTC Inverted Head and ShoulderMKR/BTC seems to be forming an inverted head and shoulder, with an upwards potential of roughly 30% if it breaks out above the white resistance line. From a fundamental perspective MKR seems undervalued compared to its peers in the Defi space, with a current market cap of roughly $1.5b, below most big Defi players despite the fact that it can be seen as the mother of all defi projects, a Market cap/TVL ratio of only 0.31 at the moment is extremely low in my opinion, even when looking at the fully diluted market cap it is only 0.35. I am extremely bullish on MKR from todays price point. It has been going sideways for the past 2 weeks and is ripe for another big move to the upside.
Long
by JA91
Inverted H&S Target ReachedThe Inverted Head and Shoulder identified a few days ago has played out nicely (albeit there was a brief drop below the neckline after the initial pump). The measured move indicated that the target was exceeded (green lines), however due to the state of the altcoin market, and in particular the DEFI narrative, i remain bullish on MKR in the mid-long term for the same reasons mentioned in my first post; it is a very significant project and remains undervalued in my opinion relative to its peers based on value locked and what the project aims to achieve.
by JA91
2