Bitcoin broke down a major support line.Bitcoin broke down an important support line (the purple line on the chart). but still it's in a local support zone which can make this breakout a false one.
in case of missing the green support zone displayed on the chart, we can consider the 2 targets (the blue boxes on the chart) on its way towards bottom.
let's keep hope alive.
ALTS
Did Ethereum Just Confirm - BOTTOM's IN?Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
W-Bottom patterns and double bottoms on a Candlestick Analysis is what we look for towards the end of a bearish cycle. Here, in ETHUSDT, we can clearly spot both. Is this the sign of a healthy reversal and the next bullish cycle? There is ONE RULE that still needs to be fulfilled in order for this pattern to be true - watch to find out what we still need to see on ETHUSD chart.
If you're interested in the altcoin MATICUSDT , this 4min video is for you:
Here's another altcoin with massive upside potential:
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TWT Multi-Year Triangle Pattern Calls for $1.4 TargetSince its inception, Trust Wallet Token (TWT) entered into a long period of consolidation, developing a symmetrical triangle formation. The multi-year symmetrical triangle pattern now calls for a retest of the upper resistance level around the $1.4 level.
Symmetrical Triangle Pattern
This multi-year pattern has the potential to continue driving the price action in the coming months unless we get a clear breakout on either side of the symmetrical triangle. First, TWT's price made a base near the $0.30 level, which was followed by a powerful uptrend topping out at $1.65.
A subsequent sell-off pushed TWT's price down to around the $0.45 level, generating another base from where we rallied again, but failed to reach the previous high. TWT topped again at $1.40 and sold off to $0.55 to form another base.
In the short-term, we have left the base, and if the same pattern repeats again then the current rally could fall below the March 2022 high of $1.40.
A weekly break and close above the $1.00 psychological level has the potential to cement the bullish case scenario.
RSI Oscillator
The weekly RSI has also broken above the 50 mid-level; the last two times this signal occurred, we had two powerful rallies. The bulls have the upper hand as long as the weekly RSI continues to print positive momentum readings.
MATIC - 100% Gains, TP Zones 🚀Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
If you're interested in the altcoin MATICUSDT , this 4min video is for you.
Matic is no stranger to parabolic mid-cycle movements - here we discuss potential price targets for a longer term trading plan, as well as a realistic and ideal accumulation zone.
If you're looking for a professional opinion on Bitcoin , check out this idea:
If you're interest is in fractals , check out this FTMUSDT idea:
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BTC retracement to $20,000 area I believe after this move the past few days up to $24,000 , its time for $BTC to retrace back to $20,000 - $21,500 area .
If we bounce now we are safe , if we enter the range area we most probably visit the bottom of the range around $20,000 .
In case we bounce I expect another test of $24,000 , if we manage to break the resistance the next resistance I am looking at is around $27,000 .
Currently I am having short position on BTC and a Few ALTS .
Stay safe and protect your capital .
Polkadot - Bullish Divergence still in play Polkadot has a similar story to many alts and arguably Bitcoin itself. It had a decent Bullish divergence confirmation on July 13th, but has had a weak bounce since at only 34% to the high at $8.00 but if we can hold this area of support/demand in green at just over $7 then I think we could see this bullish divergence push higher toward $10-11.00
Below $7 I see us testing the lower green demand zone at around $6.50 and below that, well, we will see new lows imo.
Definitely need to hold the first green area to remain bullish in the short term, otherwise it looks weak and frail for another leg down.
Not a terrible time to begin accumulating if you're interested in this project long term. Remember, DOTS high was $54 USD which is a measly 650%, just depends if you see it breaking that high in the future.
Again, accumulating over time because it could easily see $4-5 in the near future where you want some capital set aside to take advantage of when it bottoms out, if you believe in it imo.
V
COMPUSD 1HR Chart - Bullish Divergence Between Price and RSIAfter the day's sell-off, COMP is recovering. The bullish divergence (RSI making a higher high and price making a lower low) shows that the price is likely to rise from here. The blue MACD line crossed above the orange signal line, indicating a change in trend. The price may rise to the recent 57 to 58 level. Potential short-term gain: 3% to 5%.
No guarantees of course - just going with the odds.
XRPUSDT - TacoStand now closed 🌮Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
FINALLY ! In his infamous “tacostand” wallet, Jed McCaleb ( founder of Ripple Labs ) has finally ceased selling all of his XRP holdings.
The former Ripple exec made his final XRP transfer on 17 July for 1.1 million XRP (worth $394,742.18). A few hours later, the account displayed “ACCOUNT DELETE” transaction, suggesting that it will be removed from the XRP ledger. The transaction completes the 9 billion XRP sell-off McCaleb started in 2014. He did so after leaving Ripple Labs to co-found and work on Stellar.
This may very well be bullish news for the XRPUSDT / XRPUSD community. Jed was dumping large piles on the market, creating a huge supply zone as often as his contracts allowed him to. Now, all of that supply is finally gone and the market may become healthier or more "organic".
Related news Highlights in Crypto :
👉 Binance flips Coinbase and becomes nr1 exchange with the most BTC held
👉 Celsius network allegedly lent $75 million to Three Arrows Capital
👉 Three Arrows Capital allegedly owes $3.5 billion to 27 different crypto companies
👉 Crypto exchange Bitstamp will charge inactive users a monthly fee of $10.20
👉 Russian President Putin signs law banning cryptocurrency payments
👉 Celsius faces Ponzi Scheme lawsuit
In other cryptocurrency markets :
⁕ Bitcoin BTC reclaims $23500k support zone
⁕ ADAUSDT reclaims $0.5c support zone
⁕ DOGEUSDT up 9% over 24h
⁕ Ethereum reclims $1500 support zone and aims for $2000 resistance zone
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ETH taking dip soonAs BTC is making fakeouts and there has been profit taking by the investors. Same scenario will be followed for the ETH. Any pump might lead towards the dump as in bearish cycle, each and every pump is for short term profit taking and then dumping the price. ETH has also been making a classical bearish flag pattern plus the fundamentals are also aligned.
Check the critical levels mentioned in the chart.
After a fake breakout, check for the test of 50MA and monitor on the 4h time frame for short entries.
Short entry from 1350 to 1400
SL 1540
TP 1100 to 1020
I will also post the followup posts. Thanks
CRYPTO total ; ALTS ; repeating RSI patternsCRYPTO total ; ALTS ; repeating RSI patterns
as the title; the last one linked showed our potential roll over, which unfortunately has happened and a bear market is now in full swing. seems like we are at that capitulation omega point in the cycle.
hard to tell which one of those two red arrrows we are at IF we are just repeating cycle momentum here. looks like a potential bottom, or at least large bounce, after riding back to double bot on the small time frames here.
also we fast roll over here, and a massive last leg down happens real fast. like minus 30-50% in a day or two.
its actually an easy play because it will be strong and fast either way.
lesson: dont put your buy too low within the 'roll over dome threshold' lol! dont get too greedy on your bounce entry in other words.
How BTC Gets To $500k - BE PREPARED MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
This is how BTC gets to $500k, This will also be when its amazing to accumulate ALTs
BE PREPARED and DO NOT MISS THIS OPPORTUNITY
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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Improve Your Trading... Bitcoin's Path To $44KWe have to go beyond patience because that is something we already are familiar with, this is something we already have.
Bitcoin takes time.
Cryptocurrency takes time.
Trading takes time but there is so much more than that.
Trading is about making right decisions but to take any decision one has to think.
When we think we get all sorts of thoughts, of course, and this instead involves our emotions, experiences, memories, fustrations, habits and so on.
After we learn patience we need to control our emotions...
We need to be able to adapt and stick to our plan no matter what is going on outside.
But... There are always exception.
Not everybody is the same.
Not everybody trades the same.
Even though with experience, we can still make plenty of mistakes.
The next tip is to accept your loses, own them.
Do not be embarrased to lose or make mistakes.
Do not be embarrased to learn because that is the only place to get to where you want to be.
Through "mistakes", which we can simply call experience, you can get to genius level or PRO.
Think about it...
Or better yet, read about it.
All of the experts in all of the fields have gone through massive defeat, failure and challenges... It won't be different for me and for you, we also have to adapt when something goes wrong.
If you jump into a trade and you feel bad, don't like it, you can get out.
That's my next tip to you.
You can simply quit 5 minutes, 10 minutes, few hours after buying into a trade, you can...
You can always jump back in when you clear your head, if for whatever reason conditions change.
You can get out but stay out until the next day.
Once your mind is clear.
Comeback but this time, make sure to have a well developed plan before you trade.
Thanks a lot for reading.
Your support is truly appreciated.
Namaste.
START BUYING ALTS NOW OR MISS OUT COMPLETELYHello traders,
DODOUSDT 1D analysis
ALTS are super cheap now. Price has been trading within a falling channel for a year now.
Accumulation is crazy and the price is resisting further downside by trading within a very tight range.
Don't miss this incoming LAMBO for any reason. 🚀
SixtusGlobal
BTC Vs XVG Early FormationsBTCUSD formation while it being created in 2014 shares similarities with the current bull formation on Verge in 2022
Following this structure on BTC we all I think know what happened
Will it follow on to XVG? This structure I have also seen across a few other coins.
Promising