jonathanvn

jonathanvn

An algorithmic stablecoin sounds complicated, but that doesn't have to be. That's how Terra envisioned its algorithmic stablecoin and why it inevitably crashed. Here's how stablecoin Terra & Luna work: 1. In 2018, Terra network was created with two native tokens. Let's call them Terra (UST) and Luna (LUNA), of which the reasons will become apparent later on. 2....

jonathanvn

BTC balances on exchanges has hit a new record low since November 6th, 2018, according to OnChainCollege on Twitter . A little over 2,500,000 BTC is left on exchanges, opinions differ on the exact meaning. If BTC balances on exchanges lower in a bullish environment, it means there's fewer supply available on exchanges to match the increase in demand. This time,...

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The native token of Cosmos, or the main competitor of Polkadot, made a pleasing decline towards support of the Weekly 50EMA. Polkadot and Atom are both above-average-volatile cryptos & tend to cross their point of true valuation by quite some distance. For as far as this token goes back in history, the 50-Weekly EMA shows good signs of support. A volatile...

jonathanvn

ChainLink, the most famous decentralized network for using oracles is looking cheap. But should you buy? Despite Chainlink being redflagged due to "the team dumping tokens", the majority of these narratives created among these events are pretty much flawed. Quick Technical check of the Diluted Market Cap shows ChainLink entering levels below the weekly 50-EMA,...

jonathanvn

An online survey of 1,338 Americans by Money Magazine in 1999 found that nearly one-tenth of dot-com investors had at least 85% of their money in internet stocks. Everyone, everywhere was daytrading dot-com stocks in late 1999. According to the Intelligent Investor, what many people feared was bumping into somebody at a barbecue who was getting even richer even...

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XRP is consolidating in a big triangle for about a month now. On May 21st, Ripple will have to get on a call with the SEC to submit legal documents. Ripple has the power to break out technically with possible upcoming news to fuel the breakout. Targets: TP1 is at April's High (1) at around 1.98 USDT. Second Measured Target is 2.83 USDT and is calculated using the...

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The logarithmic chart of LTCUSD has remarkable repeating patterns of bear- and bullmarkets. If LTC repeats its behaviour after breaking ATH, we could see $2000 as the top of this bull market. When LTC broke out of its bear market in 2017 it moved in 3 impulsive waves to its old ATH where it retested and eventually made a new ATH of $380. Litecoin seems to be...

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MATICUSDT has been consolidating and moving in a flag channel since Friday. MATIC is a framework to build & deploy Ethereum-compatible blockchains. We're looking at a breakout to the upside as the most probabilistic scenario. Targets: TP1 is at last resistance at ATH area around 0.92 USDT. If we break TP1 and make a new ATH, you could trail your SL to the...

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A couple of months ago I made an idea about ETH staging a logarithmically breakout against BTC. This logarithmic breakout is happening right now. Money flows into the crypto market in 4 general phases with phase overlaps eventually to altcoins, where we see "altseason". Previous market cycle had a point where ETH flips BTC also called "The Flippening". This...

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VeChain Thor's token VET has a YTD performance of 1000%+. VeChain brings some of the most diverse, best and most useful solutions the worlds needs of all projects around. VET is my second favorite coin to trade in 2021. Price action shows a symmetrical triangle with small resistance. Trendlines might still get broken slightly and price might consolidate a bit...

jonathanvn

BTC broke its technical bullish market structure by making a lower low. BTC Bearish volume has also been increasing over the past days. In the midterm: When BTC makes a lower high followed by another lower low, BTC would be moving in a bearish market structure (midterm). In the shortterm: On 4H TF: BTC just broke out bearish out of a symmetrical triangle making...

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After XRP adding more than $50 Million to its market cap, ADA is set to be the next coin to make a big move. Cardano is making higher daily closes than ever before but it really needs to pick up fundamental pace. ADA has been consolidating for about a month, creating an ascending triangle in a bullish trend. There is still an option to pull back to around $1.20...

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A Head & Shoulders is starting to play out on 4H TF on CHRUSD. The H&S pattern is yet to be validated when price closes above the neckline. Head& Shoulders are one of the most profitable patterns in markets! Chromia has a relatively small market cap of $170 million at the time of writing. Technical insight: On the Daily TF you can see the big move was...

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1 Year ago, on March 31, 2020 the total altcoin market was valued at $62 billion. Today Ethereum alone is valued at $210 billion. TOTAL2 measures the total market cap of all altcoins (Total crypto market with BTC excluded). The Total Altcoin Market is currently valued at $700 billion while BTC has a market cap of $1 trillion. Looking at TOTAL2 there is resistance...

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FLOW is making tons of bullish progression since its launch on 27th Jan. It breaks every pattern upwards and has more and more people buying into this market. Price action since launch is accurately bullish (and somewhat choppy because it's a relatively young market.) It's currently consolidating at ATH and creating a bullish triangle. After this there's no...

jonathanvn

DOT is another great coin with great potential. I have been trading this coin for a while now. With the previous altcoin run, DOT made a run of around 166% to its new ATH. Now it's going for new highs again. DOT has been consolidating making a symmetrical triangle which it broke out of yesterday. Also looks like price retested that trend perfectly on lower TF and...

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BNB has made incredible progress, making it one of the best performing altcoins. BNBUSDT has been going sideways for a while now suggesting a breakout is imminent. Technically BNBUSDT is ready for a breakout upwards. Bottom trend of BNBUSDT is being tested actively but the more a trend(line) is being tested, the weaker it becomes. That's something to watch out...

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ZILUSD is looking very bullish on 1H-4H TF. Current price action showing a symmetrical triangle being formed with a very high probability of breaking out upwards. Note how the highest candle corresponds to very high volume and that volume began to lower since that big move. This indicates that majority is still bullish and you can expect a high pump of somewhat...