BCH - Its time may come, just not yet! BTC has been the king for a long while and continues to drag the market around by the scruff of its neck. Some say LTC led this recovery, but as shown in a post I recently shared, the data does not support this belief.
I have long term core holdings in BTC, ETH, BCH and OMG and will balance these around once a month to react to any medium term (2-4 week) trends. My trading pot is a completely different beast. I'll move this about much more frequently, in and out of USD and any of the blue chip coins I see are doing well or could be entering a new change of trend. If I'm in coins, I want to make sure I am in the right ones. This is easily done by comparing them against BTC and if one or two are trending, then comparing them against each other. Simples!
Right now, BCH is NOT trending and shows no signs of doing so. BUT it might do soon and I want to jump on in when it does. It could also keep going down and loosing market share, so I do not want to preempt a buy in on false hopes or a hunch.
BCHUSD (Top left and right)
If you look at BCHUSD (top left) you can see it has followed a similar pattern to BTC, completing a 5 wave impulse in Dec and having gone through a correction to bottom out on 6 Feb. However, as the top right chart shows, we then begin to diverge from BTC. Yes, it's had a recovery, but whilst BTCUSD has a clear 5 wave impulse, this is not obvious to see on BCH and it looks much more like a corrective ABC. This may not bode well in the short term for BCH as it increases the likelihood that the correction since 18 Feb is a continuation pattern into another five wave impulse down. On the positive side, there is a reasonable chance that we are in wave 3 of a larger five wave impulse, with wave 1 and 2 happening much earlier than I have shown (a) and (b) on the chart. This is what could be happening on ETH as well, but ETH has shown much stronger performance against BTC.
However, trading against BCHUSD is not that relevant to me. If I'm in coin, I want to be in BTC or one doing better than it or likely to have a change of trend relative to it. So, let's get to the important stuff and work through BCHBTC on the bottom left chart.
BCHBTC (Bottom left)
We can see that it has been through 3 impulses with corrective waves between them. These impulses are extremely fast and aggressive and very unusual in that they lack 1-5 wave structure. As of the end of December, BCHBTC has moved into a drawn out contraction forming a very long bull flag. The wave pattern in the flag is not crystal clear, I have shown a Double Zig-Zag, but it could also be a normal Zig-Zag or a Corrective Flat. The trading outcome on a larger time frame would be the same for me.
In terms of Fib, the Impulse 2 contracted past 0.786, almost to 1. We are now past 0.618 of Impulse 3. A reasonable expectation would be for it to reach 0.786, which would put it right on the bottom point of the bull flag and some historic support/resistance areas at 0.1BTC. However, it could break down and continue to shoot through past 0.786.
If BCH break outs above from BTC, the targets are relatively clear. There's huge resistance around 0.25BTC, which would also coincide with the expected target on the breakout of a bull flag (height of the pole from the bottom of the breakout area).
My plan
I have my core BCH and none in my trading pot. I plan to stay that way until I see a break out from this flag and will gauge how BCH is performing relative to the other blue chips before making a decision.
Break down
If we break through the flag and 0.786, I'll consider selling my core holdings and look to buy them back *IF* I see a reversal around 0.05BTC.
Break up
Trade risk will be reduced if BTC touche the bottom of the flag & the 0.786 line at around 0.1BTC & then break up out of the flag. This would be a very bullish scenario and I'd be looking to buy in through my trading pot and possibly core.
Search in ideas for "BTC ETH"
First 4 cryptos moving the same way!My idea shows ETH follow BTC , when BTC drop down , ETH drop too and almost the same points.
BCH and XRP follows too BTC and ETH , so in cryptomarket there is no war between the coins . this coins are 1 hand helping each other , give us little contentment :)
ETH 1 month update 5 Febpepitokiller:
jack_denaut:
loomdart:
MagicPoopCannon:
Daily updates for BTC + ETH + others
A daily summary of the predictions of some of the best crypto experts in TA. Know any good analyst that should be added to the chart next time? Drop a comment in the below :)
This is not financial advice, just an interpretation of various predictions.
It was quite of a ...bot rallyThe whole day the price of ETH, BTC and NEO was artificially maintained by bots. There were multiple offers on the both sides + buy and sell walls, moving the direction to the magical 1100 USDT for the ETH and 11 500 for the BTC. If you take a close look at the minute charts of the 3 coins, you will see exactly same patern. Actually there was a research done couple of years ago, that if the the BOTs are not involved the price of a cryptocurrency will stay almost a flat line for a week and grow in a normal pattern, when news occur. This is not the case anymore. I just recall the Mt.Gox case. There were two BOTs there - Markus and Willy, that were manipulating the price and collecting BTC. The end of it was that Mt.Gox bancrupted, and someone vanish with some 500 million USD in BTC that time. They are still missing, as you know. Investigation found that one of the bots was operated by the exchange itself. I will assume that the other was operated by them as well. Many people lost a lot of money and we quickly forgot the case. Now we have 500 million missing in NEM from Coincheck. And...nobody cares again. Mt.GOx said back there their BTC were stollen by hakers. The same we heard from Coincheck. My point is that the boths operate now on Binance. The non existing offers they buy significantly pump the price, like Willy and Markus were doing on Mt. Gox, makes sense that the prices will be pumped once again and drain more accounts. I am not sure If you see bots on the other exchanges, since I only look at Bittrex and Binance now. On Bittrex there were BOTS before, but they made the rules tighter. And they do not need bots actually because the inlfated price is transferring to them after the pumps of Binance for example. The bots not only keep and rise the price, but also they stimulate the trade so the exchanges take commissions. Laaaaaaarge commissions. The more the trade, the higher the price, the higher the commissions. I strongly believe that by the end of this year lots of money will be stollen from the exchanges, and some of them will file unsolvency. The massive participation of Bots on Mt. Gox was mostly evident in December and January and later the BTC fall off the cliff. I expect several pumps on BTC, ETH and NEO as main coins now, and later they will be dumped after a new Mt.Gox case but in much larger scale. It was good that I already saw some comments of people commenting TOP traders, that the whole market is now operated by Bots and investors are no longer controling the price. You know, the TAs you look from the TOP traders...they are no longer valid. Nobody can tell you what is the overall idea of the people controlling the bots and the exchanges. The only thing I can tell you is that they will do it every day until the regulations or the ban of most of the exhchanges is done. If people start to complain to their governments, and it will happen soon or later, there will be severe regulations and many exchanges will bancrupt, and the prices dive. For now, instead of expecting some 8000 for a BTC, expect the unexpected. It was just a rehersal today to measure the reactions of people. Well, Bots are waiting for your money. If you ask my personal oppinion - the prices are inflated very, very much. The real value of the BTC is between 3000 and 8000. Ether 300-500. And that is way positive. Actually you would have Apple for 180 without any risk since they are selling luxury tech all arround the world the next 10 years.
MY DECEMBER 20 ETHEREUM TARGET WAS MET, THEN BLEW PAST ITSEE MY PRIOR CHART
DEC 20, 2017 ETH WAS AT 800
I SET A TARGET OF ETH 1085 INSIDE TREND CHANNEL BY JAN 1 WITH VOLATILITY DEC 21
JANUARY 2 FULL MOON
DEC 22 VOLATILITY YES, BUT PRICE BROKE DOWN, SO MY 1085 TARGET WAS MET JANUARY 8, 8 DAYS LATER
36% TOTAL GAIN
--------------------------------------------------------
YELLOW LINE IS BTC
ETH OUTPERFORMS BTC
BLUE TRIANGLE IS BTC PATTERN UNTIL SUPER MOON JAN 31
NARROWING CHANNEL IS ETH PATTERN CONCLUDING AT NEW MOON JAN 17
C. 13 DAYS BETWEEN NEW AND SUPER MOON
13 AND 8 FORMED TRIANGLE OF WAVE 2
13 FORMED START OF WAVE 4, A SHARP CORRECTION, I.E. NOT A TRIANGLE. CORRECTIVE PATTERNS ALTERNATE
5 TO 8 BARS COULD COMPLETE WAVE 5 EXHAUSTION C. 1500
NARROWING TREND CHANNEL MAKES SENSE AS VOLUME FALLS OFF (WHITE ARROW)
VOLUME TO INCREASE ON PRICE DECLINE IN WAVE A DOWN FROM 5 AT NEW MOON C. JANUARY 17
23% FIB RETRACEMENT FROM 1500 IS 1040
38% IS 840
ON DECEMBER 20 I CALLED FOR RETEST AT 720 ZONE FROM 1085 HIGH
HIGHER HIGHS MAKE HIGHER RETESTS
DANIEL BRUNO, CHARTERED MARKET TECHNICIAN
I AM FOR HIRE TO MANAGE CRYPTO FUNDS
SHORT from .075 to .0647 - news is not signifcant-Fundamental events show nothing overly bullish to warrant a significant jump in price.
-4 hour stoch rsi shows this is in overbought territory (signal for bearish selloff and then reset in next few 4hr candles)
- 4hr rsi is nominal
-50/200 bearish
-bearish t-k
-macd is negative/bearish
-volume is dropping off
-my other proprietary technical data shows a huge head and shoulder pattern for the long-term is about to complete. However the last 30 days shows a small pump (but not to a-t-h).
-last 7 days show trend reversal is occuring, BUT i do not see enough significant fundamentals/events to say this thing is gonna hit a-t-h.
On the otherhand....
the daily stoch rsi and rsi says this can climb quite a bit.
1h- shows a bullish t-k cross in cloud (bullish neutral)
1h- stoch rsi shows oversold so we may see a big candle pump up...the
1h rsi shows nominal
50/200 is bearish but may cross eventually
My strat is to short from ~.074 to .075 btc/eth until it hits ~.0647 or close to. This is the 200 EMA for the daily. I would think eth/btc price will at least briefly touch it and then find support. I would also say if another hack occurs, we can see this thing drop to ~.06btc/eth. I think I will TP ~.066-.067, which is where it hit a few days ago. I have a small short open. If you guys are super bold short to .06.
Keep in mind with risk of a btc schism, we can see btc value goto ETH. Additionally, loan % rates will be very high on Poloniex due to lack of supply and high demand. Margin right now carries significant risk.
The best strat here might be to open a normal trade (not margin), buy eth and hold it for the next 0-12 months. I can certainly see $300-$500 ETH/USD in the future as there is a huge amount of innovation in Ethereum. Arguably it has the most innovation out of all of the blockchains and this is why it will grow.
These are my thoughts, I've been correct on the last 8 or so trades....lets see what happens.
9/20 SP500 Hits New ATH While QQQ Lags Behind by 4.2%Overview:
The SP500 finally broke its all-time high (ATH), despite a red candle on Wednesday. Meanwhile, QQQ still has another 4.2% to go before reaching its record. Fidelity and Ark were busy accumulating their average amounts of BTC yesterday, while Grayscale and BlackRock remained on the sidelines. Only a modest $5.2 million went into ETH from BlackRock, suggesting they’re cautiously dollar-cost averaging into their preferred assets.
TA
Weekly:
Congratulations, Bulls! The $61.4k level was successfully breached, but the price faced resistance at the next level of $64k. It’s impressive to see how the price reacts to the weekly levels shown on our charts. Since the rate cut, Bitcoin has gained up to +6.60%, currently holding at +4.30%. Although these are modest numbers for crypto, they’re certainly better than a downturn. The weekly chart shows a wick above the Bollinger Band MA, but the current closing price sits exactly at the BB MA of $62.6k, keeping the trend bearish.
Daily:
After reaching $63.8k yesterday, BTC is now retracing, likely aiming to establish new support at $61.4k.
4-Hour:
RSI is overbought at 71.55 and has already begun to correct, as evidenced by the last three red candles.
1-Hour:
MACD shows a bearish divergence. We expect BTC to dip to $61.4k and form a new support level.
Altcoins vs. BTC:
TAO and SUI are leading the gains, with SUI reaching an all-time high in volume, signaling potential insider buying. ETH is up 3.79%, SOL up 6.3%, and TAO up 10%.
Bull Case:
The rate cut has boosted risky assets, but we need to ensure this isn't just a short-term rally and that BTC can hold the support level.
Bear Case:
This could be a temporary pump. If the U.S. economy remains strong, the Fed may be hesitant to implement additional rate cuts.
Fear and Greed Index:
The index is at 48.06, finally out of the Fear territory.
Overall, the market remains cautiously optimistic, but staying vigilant is key.
ETHUSDT Bearish or Bullish? BINANCE:ETHUSDT
ETH is definitely the weakest of the 3 majors (BTC, ETH, SOL)
However, I am seeing way too much bearishness on ETH, which is warranted due to its piss poor price action, but that does not mean it is going to teleport down to sub 2k.
Signs of over bearishness:
- OI divergence and finding support at previous areas (price is lower but OI is the same as it was back in April and May 2024)
- Funding rates in the negatives or near zero (more shorts than longs)
I do not believe ETH will moon or out pace BTC or SOL. But I do think this increased bearishness has swung too far in one direction and when that happens it typically swings back hard in the other direction.
ETH definitely needs more time to stomach this recent sell off but even if it retests 2200 again I think a bottom is close or in. There is more liquidity sitting at prices higher above.
I expect ETH to eventually take out 2900 and then come back to 3300 and 3500 by at least EOY.
Let's see what happens. Good luck to the shorts heading into election season.
Aug 15Overview:
Lord Jerome reported 227,000 jobless claims, slightly below the expected 234,000. Additionally, almost all other macroeconomic data points to a growing and improving economy. July U.S. retail sales were three times higher than anticipated, coming in at 1% versus the expected 0.3%, suggesting strengthening consumer confidence, which has risen above 0.7% for the first time since January 2023. Auto sales are also up. Are these newly unemployed Americans spending their savings? Unemployment has been rising since January 2023 and now sits at 4.3%.
The chances of a recession are decreasing, and CRYPTOCAP:BTC is rising.
Interest rate cuts are a tool for quantitative easing, typically applied when the economy isn’t growing and needs an injection of liquidity (M2 money supply). But if the economy is healthy, with spending on the rise and government spending contributing to GDP growth, rate cuts might not be the solution.
Now, think critically—if everything is relatively good (maybe not great yet), the economy is somewhat healthy, and the S&P 500 has been rallying since October 2023—why would you sharply cut rates? Perhaps two or three cuts by the end of the year, reducing rates by a total of 0.75%, at most.
For those expecting such a small rate change (a 13% decrease by the end of the year) to have a significant impact, they might be in for a rude awakening.
Alts Relative to BTC:
If CRYPTOCAP:BTC dropped by 1.92%, CRYPTOCAP:ETH declined by 3.34%. No significant divergence, except for NYSE:AR , which posted a thin green candle.
Bull Case:
All bears die.
Bear Case:
All bears don’t perish but remain very much alive.
Fear and Greed Index:
Lower, at 40.61%. Dangerously close to Fear territory.
W:
Forming another lone star/abandoned child-type candle. Where do you want to go next, Mr. Bear Market?
D:
August 15th ended in red, closing below the daily level of $58.2k. Bearish. On the 14th, we touched the BB MA and are now heading toward $52.2k.
4h:
No new divergences—just the old ones still playing out. On both August 14th at 8 a.m. and the 15th at noon, U.S. bears woke up and decided, “Nah, crypto ain’t sh*t.” Red candles followed. The last four green candles showed diminishing volume, not reaching the BB MA. Leave a comment if you know what that means—unless you’re a whale, in which case, just do your thing.
1h:
No divergences. The sell-off ended at 4:00 p.m. U.S. time, almost touching the freshly established weekly level of $55.9k set at the beginning of July.
Prediction:
In the next two weeks, the bottom falls out. When September arrives, big whales will return from vacation and send the market crashing down, with rate cuts providing little relief.
Opportunities:
CRYPTOCAP:SOL : Still at weekly resistance level. But keep in mind, it approached this level from the top, not the bottom. Although it has garnered a lot of attention this bull market, it doesn’t follow normal technical analysis rules.
AMEX:APT : As noted yesterday, starting at midnight, it began its descent, printing a nice -6.24%. Did you catch that?
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ETHEREUM ETF With the Ethereum ETF decision just days away, ETH has made a massive breakout play in an effort to front run a positive ETF outcome, the approval of VanEck and ArkInvest/ 21Shares ETH ETFs on the 23rd & 24th May respectively.
In terms of price action and charting this is how I see it. Now that price has broken out from the downtrend and hit the Bearish OB as shown, I think many were caught of guard and expected any sort of volatility to come on the day of the decisions. Instead it seems many have decided to front run the decision and go long which opens up more challenges. I think ETH had priced in a rejection of the ETF at ~£3K , with how the SEC has viewed ETH and it's stance on insisting it's a security, Coinbase estimated a 30-40% chance of an approval last weekend. Now that price has risen almost as if we already have news of approval I think that should the ETF be denied we could fall straight back down to $3K area with support areas shown as targets on the chart. This would print a Bart Simpson style pattern and many Longs will be devastated.
On the other hand, Bloomberg have said that the chances of approval has gone from 25% to 75% and the chart shows this new level of optimism. If the ETF is approved I could see ETH using this current level as a base to target new local highs and close the gap on BTC dominance.
$BTC & $ETH data shows good signsThis is a copy paste & apologize can't show all charts spoken about here
See our profile for more info
1
$ETH RSI = 86
MUST USE $BTC #FUTURES as derivatives DICTATE price & NOT SPOT #BTC
This = why most Influencers get calls wrong
Truthfully, most don't have real chart skills
Historically, RSI has been higher 5/21 top
RSI is STRONG = good sign
-
2
We surmised #crypto pump was incoming
Call it experience
Daily $ETH broke 2 resistance areas within week
VERY GOOD, both with ease & okay volume
WEEKLY RSI + trading⬆️both Moving avg = GOOD
#ETH getting closer to light blue area
This is #ethereum REAL TEST
#Crypto
-
3
$BTC won't be outdone by $ETH
Also⬆️10% & broke resistance EASILY
Volume on daily IS GOOD
ALSO, like #ETH, #Bitcoin has GAP to fill
Likely fill before BULL rally
Don't think #BTC breaks LONG TERM DOWN TREND on 1st try, but who knows
Have 2 say, FEELS lil different
-
4
$BTC RSI is 90.6
#BTC hit this few times in 19 & 1x in 20 & 21
ALL TIMES, except 21, traded sideways after
= #bitcoin CONSOLIDATION for NEXT PUMP
21 = SMALL pullback for more PUMP
Slight exception 1st time in 19, begins bull
*DIFFERENCE, we're in BEAR vs that was BULL mkt
-
5
This #bitcoin & #Ethereum🧵can be MUCH LARGER but will only mentioned the important
Weekly $BTC, see RSI?
Only 1x closed🧵⬆️50 but NO FOLLOW THROUGH
Currently HIGHEST in down trend!
Like $ETH, don't think #BTC downtrend broken 1st try
GAP on WEEKLY, will be attracted to it
-
Way tough to call #BTC bottom
See current pinned post on $BTC bottoms
Signs are coming in AGAIN
It's also GREAT that #Bitcoin is "leading", ot the very least, NOT LAGGING $ETH & #altcoin
Time will tell but this FEELS different than other 2 potential bottoms
BE PATIENT
BTC & ETH about to close above the daily 200mawhen BTC dumps it's because the stocks are dumping ( more than likely )
BTC is following the stock market
when BTC dumps people get scared and take out their money from crypto
causing crypto to come down
both BTC & ETH about to close above the daily 200ma ... this is bullish
for the crypto space
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
Will ETH rally independently? Amateur AnalysisFollowing the rise of BTC, ETH has rallied more than 95% from its low. This exponential rise may be Supported by the Merge and the decline of BTC.Dominance. However, ETH bull movement may not last long:
1. Daily bull candle is getting weaker
2. Multiple touches on RSI overbought zone
But, different from BTC. ETH is moving in an ascending channel. If it can respect the swing low, ETH could finally stand independently from BTC and move to the supply zone.
Well - ETH there you goSold too much ETH on the way up .5-.6 repaired that by sacrificing LTC bag directly into ETH and BTC > I will see soon if I gave up too quickly, but at this point, ETH is probably headed a magnitude higher. Either way, I will sleep better knowing I put as much into BTC / ETH as possible.
ALGOUSDT 1dy://binance n coinbase one hour view_support_pressureWHAT A YEAR... (one day ALGO view_binace_coinbase_ that support top side pressure no longer in effect... fyi i would take some profits here if u havnt already esp if daily active for rebuy lower...
we just had a baby girl so shit is nutz and i should have had my support handling the account last night but ALGOs been my baby in crypto for a while now. still no excuses, stick to the plan.
HAD our ALGO on CRO so no stop loss available. saw the rally, new how she likes to re trace after pumps but knowing this time was a bit different with out the previous top pressure (see below) Plan was to sell or at least reduce position at .39 zone n scalp the re buy under or around .35 got jumpy n sold half of position at .37 then the rest at .41. Not a huge deal but this is the type of thinking that has wiped out A LOT of profits for us in the past. FOOD FOR THOUGHT I GUESS n something to take into the new year...
WE may need to adjust the re buy area to .37 n up but look for dips as low as hi .35s maybe low .34s but doubt it unless a somewhat decent BTC correction. REMEMBER market cap totals combines with total BTC n ETH pairs compared to all other fiat pairs is great for seeing shorter term trends_ investor dip_buy opportunity n or scalp opp...
My guess is we see BTC let off some steam this week which should be a great time to buy the dips of ur HODL projects. (we, a long with every1 else, r a bit divided on the current BTC narrative) AT least for us we try to not get spread to thin which is tuff when almost every project sounds life changing and amazing. IN THE END OUR GOAL IS TO USE ALTS TO BUY MORE BTC ETH with some other HODLs we like ALGO ADA CEL etc. that we can easily stake and earn great, relatively low risk, (at least for this eco system) passive income. In the end we find this critical to never spread to widely and when we do we try to take profits or ruthlessly cut losses and move on. U will never consistently sell the top n buy the bottom but in crypto taking profits has saved me n mine more times than not, at least when we stick to the plan...
_ALGO was fit to run without all of the top side pressure from previous highs. IE people holding bags who either eventually sell or cost average in enough at a lower price to smooth things out for a run like this. _thats why when we hit "support" you see things slow down or speed up. _if going up people might get reedy to or have sell orders to dump their bags. _if dumb re trace, then re test at next run at that level if they hold bags for rally (esp with all pairs banging or up ETH BTC n all FIAT pairs really is what makes things go parabolic_basically all taps on at full blast to increase asset market cap) we see a rally until that next level of support _bag holders.
_If asset is dropping than as we hit support people are hesitant to sell until it becomes to much or stop loss orders kick in and we see a dump to next level. Same concept if all pairs are going in the opposite was its like a black whole sucking out the market capital. this is why we see such volatility in crypto. especially with the more developed assets with lots of pairs means lots of ways for money to move in or out very quickly.
_This is where things like tokenomics, fair launches, where there is no pre sale with a fixed supply without goofy hold half of it back models is very important. (which can work i believe but over a longggg period of time with conscientious, reasonable, long term thinkers being a must with this token style)
_HGM
I got a call for everyone this year. we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know but DO NOT SLEEP ON
_ Reflect.Finance _RFI projected AI gainz 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just A needs to be adopted vie thro real utility to reduce trade friction with yeild and typical trades, and sounds like so much more.
2021 hot projects
INJ
DDIM
THETA
CEL
we have a huge list we need to go thro but these r the ones so far seem to check out and are worth going after a 3 to 10x plus....
_HGM
I got a call for everyone this year. (FYI we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know) but DO NOT SLEEP ON
_ Reflect.Finance _RFI projected AI projected gainz:// 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz.
_SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just, "A needs to be adopted" (thick Italian accent lol) via thro real utility to reduce trade friction with yield and typical trades, and sounds like so much more.
_HGM
ALGOUSDT ://LONG, BUy tH3 DIP/SCALP, sh00t2 ALGO wall3t...WHAT A YEAR...
we just had a baby girl so shit is nutz and i should have had my support handling the account last night but ALGOs been my baby in crypto for a while now. still no excuses, stick to the plan.
HAD our ALGO on CRO so no stop loss available. saw the rally, new how she likes to re trace after pumps but knowing this time was a bit different with out the previous top pressure (see below) Plan was to sell or at least reduce position at .39 zone n scalp the re buy under or around .35 got jumpy n sold half of position at .37 then the rest at .41. Not a huge deal but this is the type of thinking that has wiped out A LOT of profits for us in the past. FOOD FOR THOUGHT I GUESS n something to take into the new year...
WE may need to adjust the re buy area to .37 n up but look for dips as low as hi .35s maybe low .34s but doubt it unless a somewhat decent BTC correction. REMEMBER market cap totals combines with total BTC n ETH pairs compared to all other fiat pairs is great for seeing shorter term trends_ investor dip_buy opportunity n or scalp opp...
My guess is we see BTC let off some steam this week which should be a great time to buy the dips of ur HODL projects. (we, a long with every1 else, r a bit divided on the current BTC narrative) AT least for us we try to not get spread to thin which is tuff when almost every project sounds life changing and amazing. IN THE END OUR GOAL IS TO USE ALTS TO BUY MORE BTC ETH with some other HODLs we like ALGO ADA CEL etc. that we can easily stake and earn great, relatively low risk, (at least for this eco system) passive income. In the end we find this critical to never spread to widely and when we do we try to take profits or ruthlessly cut losses and move on. U will never consistently sell the top n buy the bottom but in crypto taking profits has saved me n mine more times than not, at least when we stick to the plan...
_ALGO was fit to run without all of the top side pressure from previous highs. IE people holding bags who either eventually sell or cost average in enough at a lower price to smooth things out for a run like this. _thats why when we hit "support" you see things slow down or speed up. _if going up people might get reedy to or have sell orders to dump their bags. _if dumb re trace, then re test at next run at that level if they hold bags for rally (esp with all pairs banging or up ETH BTC n all FIAT pairs really is what makes things go parabolic_basically all taps on at full blast to increase asset market cap) we see a rally until that next level of support _bag holders.
_If asset is dropping than as we hit support people are hesitant to sell until it becomes to much or stop loss orders kick in and we see a dump to next level. Same concept if all pairs are going in the opposite was its like a black whole sucking out the market capital. this is why we see such volatility in crypto. especially with the more developed assets with lots of pairs means lots of ways for money to move in or out very quickly.
_This is where things like tokenomics, fair launches, where there is no pre sale with a fixed supply without goofy hold half of it back models is very important. (which can work i believe but over a longggg period of time with conscientious, reasonable, long term thinkers being a must with this token style)
_HGM
I got a call for everyone this year. we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know but DO NOT SLEEP ON
_ Reflect.Finance _RFI projected AI gainz 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just A needs to be adopted vie thro real utility to reduce trade friction with yeild and typical trades, and sounds like so much more.
2021 hot projects
INJ
DDIM
THETA
CEL
we have a huge list we need to go thro but these r the ones so far seem to check out and are worth going after a 3 to 10x plus....
_HGM
I got a call for everyone this year. (FYI we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know) but DO NOT SLEEP ON
_ Reflect.Finance _RFI projected AI projected gainz:// 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz.
_SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just, "A needs to be adopted" (thick Italian accent lol) via thro real utility to reduce trade friction with yield and typical trades, and sounds like so much more.
_HGM
ALGOUSDT 1hr ://LONG, SCALP, sH00t2 ALGO wall3tWHAT A YEAR...
we just had a baby girl so shit is nutz and i should have had my support handling the account last night but ALGOs been my baby in crypto for a while now. still no excuses, stick to the plan.
HAD our ALGO on CRO so no stop loss available. saw the rally, new how she likes to re trace after pumps but knowing this time was a bit different with out the previous top pressure (see below) Plan was to sell or at least reduce position at .39 zone n scalp the re buy under or around .35 got jumpy n sold half of position at .37 then the rest at .41. Not a huge deal but this is the type of thinking that has wiped out A LOT of profits for us in the past. FOOD FOR THOUGHT I GUESS n something to take into the new year...
WE may need to adjust the re buy area to .37 n up but look for dips as low as hi .35s maybe low .34s but doubt it unless a somewhat decent BTC correction. REMEMBER market cap totals combines with total BTC n ETH pairs compared to all other fiat pairs is great for seeing shorter term trends_ investor dip_buy opportunity n or scalp opp...
My guess is we see BTC let off some steam this week which should be a great time to buy the dips of ur HODL projects. (we, a long with every1 else, r a bit divided on the current BTC narrative) AT least for us we try to not get spread to thin which is tuff when almost every project sounds life changing and amazing. IN THE END OUR GOAL IS TO USE ALTS TO BUY MORE BTC ETH with some other HODLs we like ALGO ADA CEL etc. that we can easily stake and earn great, relatively low risk, (at least for this eco system) passive income. In the end we find this critical to never spread to widely and when we do we try to take profits or ruthlessly cut losses and move on. U will never consistently sell the top n buy the bottom but in crypto taking profits has saved me n mine more times than not, at least when we stick to the plan...
_ALGO was fit to run without all of the top side pressure from previous highs. IE people holding bags who either eventually sell or cost average in enough at a lower price to smooth things out for a run like this. _thats why when we hit "support" you see things slow down or speed up. _if going up people might get reedy to or have sell orders to dump their bags. _if dumb re trace, then re test at next run at that level if they hold bags for rally (esp with all pairs banging or up ETH BTC n all FIAT pairs really is what makes things go parabolic_basically all taps on at full blast to increase asset market cap) we see a rally until that next level of support _bag holders.
_If asset is dropping than as we hit support people are hesitant to sell until it becomes to much or stop loss orders kick in and we see a dump to next level. Same concept if all pairs are going in the opposite was its like a black whole sucking out the market capital. this is why we see such volatility in crypto. especially with the more developed assets with lots of pairs means lots of ways for money to move in or out very quickly.
_This is where things like tokenomics, fair launches, where there is no pre sale with a fixed supply without goofy hold half of it back models is very important. (which can work i believe but over a longggg period of time with conscientious, reasonable, long term thinkers being a must with this token style)
_HGM
I got a call for everyone this year. we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know but DO NOT SLEEP ON
_ Reflect.Finance _RFI projected AI gainz 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz. SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just A needs to be adopted vie thro real utility to reduce trade friction with yeild and typical trades, and sounds like so much more.
2021 hot projects
INJ
DDIM
THETA
CEL
we have a huge list we need to go thro but these r the ones so far seem to check out and are worth going after a 3 to 10x plus....
_HGM
I got a call for everyone this year. (FYI we are having trouble trying to buy buy via metamask_ uniswap v2_ but will figure it out. If anyone knows the issue please let us know) but DO NOT SLEEP ON
_ Reflect.Finance _RFI projected AI projected gainz:// 3 months_ %532 1year_%2,065.01 5years_%10,206 lol i see a lot of AI projections but this was just nutz.
_SHE looks about done with her down trend with 20 24%%% gainz today. FIXED SUPPLY< FAIR LAUNCH< MASSIVE POTENTIAL UTILITY. < fair amount of risk ie the creators could pull this token or "rug pull" this protocol at any time but i do not get that feeling here. IT just, "A needs to be adopted" (thick Italian accent lol) via thro real utility to reduce trade friction with yield and typical trades, and sounds like so much more.
_HGM
BTC Dominance -Will BTC Demolish ETH & XRP in the Next Bull Run? BTC Dominance - Dare I say BTC may demolish ETH & XRP which are already forming mega falling knives in the coming BTC bull run ?
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation:
At the moment, the price of BTC/USD is trading near the level of $6400. The level of resistance shifted from $6400 to $6500.
Long scenario:
Bitcoin's price going above $6500, in that case we will expect the continuation of the price growth of BTC/USD to the $6750- $6800 zone.
Short scenario:
The decrease in Bitcoin's price is below $6100. This will serve as a signal for opening deals for sale with a target in the $5800- $5700 zone.
Levels of resistance: $6500; $6600; $6600; $6800; $6900; $6800; $6600; $7200.
Support levels: $6100; $5800; $5400; $4500.
Forecast:
Reduction of the price of BTC/USD from the level of $6400 and the target near the level of $6100. We do not recommend buying.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum is traded near the support line of the rising channel, which currently serves as resistance. If the price can go above the $220 level, we will expect growth to the level of $240. If the quotation hits the level of $200, then the target of the decline will be the level of $150.
Resistance levels: $220; $250; $240, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Decrease in the price of ETH/USD from the level of $210. The goal of the reduction is $150.
XRP/USD
Overview:
The trend is downward.
Current situation:
The Ripple price today has grown by 14%. We regard this growth as a correction for the price of XRP/USD, after a strong fall. The cancellation of the scenario of the asset reduction is an increase in the price of XRP/USD above $0.42.
Resistance levels: $0.38; $0.40; 0.44; $0.47; $0.52.
Support levels: $0.35; $0.32; $0.30; $0.26; $0.24; 0.22; $0.15.
Forecast:
Reducing the Ripple price from the level of $0.38 and the target in the $0.20 - $0.15 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash quotation is traded below the $440 support level of the uptrend. We expect the price of BCH/USD to continue lowering to levels: $400, $385.
If BCH/USD buyers buy out the quotation above $440, then in this case we forecast the continuation of the Bitcoin Cash price increase within the limits of correction up to the $500- $510 zone.
Resistance levels: $450; $460; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400; $380.
Forecast:
Decrease in the price of BCH/USD to levels: $400; $380.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin price traded near the level of $54, the previously broken support of the rising channel. We expect a further decline in the price of Litecoin to $46.
Resistance levels: $54; $58; $60; $58; $65; $68; $72; $75.
Support levels: $50; $49; $46.
Forecast:
The price decrease from the level of $54 and the target near the level of $46.
Bitcoin Daily Update (day 174)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
1 day:$6,000 retest | 1 week: Breakdown $5,750 | 1 month predictions: < $5,000 by 9/5 | bottom prediction: $3,000 by 10/30
Previous analysis /position: 3d stochastic, btcusdshorts' and the funding rates on Bitmex were all giving me reason to be concerned. Resistance from VRVP, daily ichimoku cloud and recent Up fractal told me to stick with the plan / Short ADA:BTC | ETH:USD | ETH:BTC
Patterns: Bear flag and descending triangle
Horizontal support and resistance: R: $6,475 - $6,511 | S: $6,395 - $6,425
BTCUSDSHORTS: Daily looks very toppy'. 1h is forming a continuation triangle after turning prior resistance into support. 55% short: 45% long
Funding Rates: ! Longs pay shorts 0.01% !
12 & 26 EMA’s (calculate % difference): 12 currently acting as resistance | 26 = -3.64%
50 & 128 MA’s: 50 = -6.74% | 128 = -13.55% and just started to angle downward!
Volume: Roughly 50% below average. Expecting it to pick up if be breakdown $6,300 and to create a 6 month high if we break $5,750
FIB’s: 0.786 = $6,553 | 0.886 = $6,281 | 100 = $5,995 | 161.80 = $4,402
Candlestick analysis: Dark cloud cover from August 18th should mark the top of this bounce. Spinning tops that are formed afterwards provides confirmation.
Ichimoku Cloud: Tenkan-sen starting to diverge from Kijun-sen. Bearish kumo twist on 12h with cloud becoming thicker. Huge c clamp. Similar situation in June did not lead to a bounce.
TD’ Sequential: Daily G7 indicates that bounce is getting exhausted without actually bouncing much (has been more of a consolidation/Wyckoff redistribution than anything.) 3d is working on a price flip. Weekly R3 > R2.
Visible Range: Weekly has a very significant gap from $4,800 - $5,600 | falling below $6,443 would put us below the 24 hour point of control and that price would be expected to become resistance. $6,452 is POC over last 5 days with high volume nodes from $6,320 to $6,500. $6,370 is 1 month POC. $6,387 is 6 month POC. Looks like $6,370 is much more important than I realized. If that breaks down then we could fall straight to $5,750 in a few hours.
BTC’ Price Spreadsheet: 12h = +/- 0 | 24h = +0.95% | 1w = +7.37% | 2w = +/- 0 | 1m = -13.40%
Bollinger Bands: MA = $6,625 and is expected to be strong resistance along with recent up fractal. Bottom band angling upward with top angling down would indicate the need for a squeeze after recent bulge.
Trendline: Bear flag
Daily Trend: Chop
Fractals: UP = $6,648 | DOWN = $5,896
On Balance Volume: Starting to move downward faster than price. Testing support that is equivalent to $6,321 price. Too small to consider it a div’ just yet but will be monitoring.
ADX: ADX found resistance at 30 while -DI & +DI are starting to converve. Indicates major volatility on the horizon or a need for continued consolidation (if ADX breaks down 25 and we get a cross in the -DI/+DI. Weekly ADX is creeping upward steadily and indicates that incoming vol is most likely.
Chaikin Money Flow: Huge bull div’ in weekly. Has not been > 0.15 since March 5th and is currently 0.1517. Spent all of 17 and most of 16 > 0.18 and it would make sense for that to become strong resistance. If we breakthough that level it would be a strong indication that buyers are starting to overwhelm the sellers. Setting an alert at 0.193 could be very helpful. No div’ in daily.
RSI (30 setting): Daily = 45.13 and appears to be creating a lower high. Weekly found support at 48 and has a very similar appearance to the price - wearing out support with it’s 4th test.
Stoch: Weekly has been creating lower highs all of 2018 and recently made another one. %K diverging from %D after making bullish cross on 3d. %K just started to angle downward on daily. Recrossing < 60 would be very bearish.
Bullish divergence in weekly Chaikin Money Flow/i]
Summary: Bull div' in weekly CMF’ is alarming. Bear markets end when buyers overwhelm sellers and seeing a drastic increase in buying pressure over a long term time period is something to take note of.
What I think is even more important than the CMF' (in the short term) is the funding rates returning to an equilibrium with longs paying shorts. A retest of the 12 EMA and a 0.01% funding rate it what I was waiting for before continuing the sell off.
Breaking down $6,370 would put us below the VRVP POC over the past 6 months and that would be very significant.
Mounting resistance from VRVP, horizontals, bearish wick from August 15h, fib retracement, G7 on daily TD', bollinger band, daily cloud, and recent up fractal give me confidence in my position. Opening a short now provides a sold r:r. Stop could be at $6,726 | $6,876 or $7,115 depending on your target and risk tolerance.
Trend Analysis: BTC ETH XRP BCH LTCBTC/USD
Overview:
The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.
Current situation: Priorities remain for sale. Expected levels of decline: $6800, $6660. In the price zone $6800- $6660 there is the support line of the uptrend, which is an important level of support for the price of BTC/USD.
Short script:
The quotation of BTC/USD goes below the level of $6660, in which case the decline is likely to continue to levels: $5780 and $5400.
Long-term scenario:
The buyout of Bitcoin's price from zone $6800-6660 and fixing it above the level of $7500. Under this condition, quotation of BTC/USD can update its highs at $8500 and go to the $9000 area.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels: $7300; $7500; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
The probability of BTC price drop to zone 6800-6660 remains high.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The situation on Ethereum does not change. Sales with a target in the $380- $360 zone remain in priority.
Cancellation of the scenario - an increase in the price of ETH/USD above the level of 430.
Resistance levels: $420; $440; $485; $515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Priority remains for the sale of Ethereum with target in the zone $390- $380.
XRP/USD
Overview:
Trend is downward. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and consolidation above this level. An important line of support for the price of XRP/USD is the $0.42- $0.40 zone. If the price of XRP/USD falls below the level then panic sales of this asset possible to the level of $0.30.
Current situation:
Yesterday, the price of Ripple exited a triangle down and currently trades below the level of $0.42. We do not exclude the re-test of $0.42 from the bottom-up, and the continuation of the price decrease of XRP/USD in the direction of the trend to the zone of $0.40-$0.38.
Resistance levels: $0,42; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,40; $0,38.
Forecast:
We expect that the price of XRP will continue to decrease to previously announced goals in the $0.40-$0.38 zone. Also, we do not exclude the option of a $0.42 level test.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash quotation trades above $700, sales remain in priority. In the medium term, the exit of the price to the level of $600 (April minimum) is possible. In the shorter term, we expect targets in the zone $680-650. The cancellation of the short-term scenario will be confirmed by an increase in the price of BCH/USD above the level of $760.
Resistance levels: $740; $760; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $680; $650; $600.
Forecast:
BCH/USD price drop to the zone of $680-$650.
LTC/USD
Overview:
Trend is bearish.
Current situation:
The quotation is traded near level $75, we stick to the short scenario. The cancellation of the price reduction of LTC/USD will be a breakthrough the bottom-up level of $80.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $72; $67.
Forecast:
Litecoin price drop to a target of $70.
Scenario Forecast BTC/ETH/USDS1 -> no go zone
S2 -> no go zone
Buy BTC/USD & sell @5900 or 17OCT
Buy back/HODL BTC - 24OCT -> 26OCT
BUY ETH/BTC 26OCT (DEVCON3) --> Sell back ETH/BTC on 1st Nov
SELL BTC/USD - on 14th Nov.
It is just an ideea. We might be super wrong. Be careful!
ETH Macro AnalysisEth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level.
But I trade BTC,ETH & ALts level by level regardless of beaish senerio
as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you can visit my wall to see that.
But i know that this not a real bull run, bull run will start in the end of 2025 or 2026 even if btc go to 80k$ its just manipulating.
My targets regarding Eth wil be 400$-700$.
i will buy it from there.
If you like my idea kindly like it and follow me
Thank You
Regards Hamza Shabir
