🎓 Market Update 🎓
Greetings fellow friends and traders. We have set off and we are well into the new year now. For myself, I am only now really getting a feel for 2020, and my passion for trading blockchain assets are returning by the day!
It has been a while since I have had a look at my XBT chart, and the simple trending channel from the 2019 high is still in play. The conditions in the market right now have become hugely profitable within the last two weeks.
After being range bound for close on 6 - 8 months, I don't think the upper levels of the channel will offer up much resistance. RSI on the chart will be exploring overbought conditions shortly, and I expect the 10k mark to be touched within the next few weeks.
One more thing that flares my excitement is the extraordinary performance of some of the top 50 coins. We are talking Dash, Zcash, Bitcoin SV, Bitcoin Cash, And even Ethereum Classic with some excellent news for assisting Ethereum with the scaling issues.
Greetings fellow friends and traders. We have set off and we are well into the new year now. For myself, I am only now really getting a feel for 2020, and my passion for trading blockchain assets are returning by the day!
It has been a while since I have had a look at my XBT chart, and the simple trending channel from the 2019 high is still in play. The conditions in the market right now have become hugely profitable within the last two weeks.
After being range bound for close on 6 - 8 months, I don't think the upper levels of the channel will offer up much resistance. RSI on the chart will be exploring overbought conditions shortly, and I expect the 10k mark to be touched within the next few weeks.
One more thing that flares my excitement is the extraordinary performance of some of the top 50 coins. We are talking Dash, Zcash, Bitcoin SV, Bitcoin Cash, And even Ethereum Classic with some excellent news for assisting Ethereum with the scaling issues.
🎓 Market Update - View Chart
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
🎓 Trade Update 🎓 🎓 $ETC/BTC - View Chart 🔸 Status: ETC has started coming back to live, cashing in our targets slowly but surely. Its rare to find a winning trade in this market and ETC has come through for us this dry market. 🔸 Current Price: 0.0006321…
🎓 Trade Update 🎓
🎓 $ETC/BTC - View Chart
🔸 Status: This call on ETC was made early December, and today, embracingly so, the targets I've set were absolutely shattered. A 3rd lofty target would have done well for us here, as per my usual trading strategy on most Altcoin.
Truth be told, Ethereum classic has been a very boring trade for over a year now, and the reason for the two target strategy here was just so our money wasn't locked up for two long.
Either way, margin trade on this setup would have netted well over 100% profit.
🔸 Current Price: 0.0006321
Entry: 0.0005355
🎯Take Profit: 0.0006150, 0.0007145
🏁 Trade Closed, both targets achieved.
🎓 $ETC/BTC - View Chart
🔸 Status: This call on ETC was made early December, and today, embracingly so, the targets I've set were absolutely shattered. A 3rd lofty target would have done well for us here, as per my usual trading strategy on most Altcoin.
Truth be told, Ethereum classic has been a very boring trade for over a year now, and the reason for the two target strategy here was just so our money wasn't locked up for two long.
Either way, margin trade on this setup would have netted well over 100% profit.
🔸 Current Price: 0.0006321
Entry: 0.0005355
🎯Take Profit: 0.0006150, 0.0007145
🏁 Trade Closed, both targets achieved.
Let's take a comprehensive look at the top 20 coins. We have change over 24h, 7D, 1m, 1y. Also, check the liquidity on the books. Check out the Liquidity ratio on BSV and curiously, ONT ratio is right on its heels. Bitcoin Cash's book is also looking thin after its performance this past week.
Thank you cryptowat.ch !
Thank you cryptowat.ch !
🎓 Spot Trade 🎓
🎓 $ONT / BTC - View Chart
🔸Signal Info: Ontology
Rank: #27
Exchange: Binance
Direction: LONG
Margin: x5
🔸Status: Market Buy or bellow.
🔸Analysis: This asset doesn't only look good on paper. The chart looks fantastic doesn't it?
We have a local little breakout currently trapped beneath the yellow gold 50MA. The breakout is the technical signal ,but we have a candle stick confirmation with a morning star formation on the daily chart.
The indicators are also giving subtle signals with the blue DM+ line has managed to get one over on the DM- line. Pink AXD line appears to be rounding for a swing.
RSI signal has simply bounced off the oversold level making a higher high on the indicator.
🔸Current Price: 756sats
❇️Entry: 755sats
🎯Targets: 978sats, 1150sats, 1530sats
♦️Exit: 695sats (8x5%)
♦️High Risk for margin traders - Laddering entries are essential, and be sure to monitor position closely.
🎓 $ONT / BTC - View Chart
🔸Signal Info: Ontology
Rank: #27
Exchange: Binance
Direction: LONG
Margin: x5
🔸Status: Market Buy or bellow.
🔸Analysis: This asset doesn't only look good on paper. The chart looks fantastic doesn't it?
We have a local little breakout currently trapped beneath the yellow gold 50MA. The breakout is the technical signal ,but we have a candle stick confirmation with a morning star formation on the daily chart.
The indicators are also giving subtle signals with the blue DM+ line has managed to get one over on the DM- line. Pink AXD line appears to be rounding for a swing.
RSI signal has simply bounced off the oversold level making a higher high on the indicator.
🔸Current Price: 756sats
❇️Entry: 755sats
🎯Targets: 978sats, 1150sats, 1530sats
♦️Exit: 695sats (8x5%)
♦️High Risk for margin traders - Laddering entries are essential, and be sure to monitor position closely.
$ETH
Price tipped the very top of the price inefficiency with a H12 breaker as confluence.
https://www.tradingview.com/x/TKnJsI53/
Price tipped the very top of the price inefficiency with a H12 breaker as confluence.
https://www.tradingview.com/x/TKnJsI53/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$NEO / $USD Analysis This did take quite some time and I must say, feels great to be back. NEO is one of those coins that never leave the radar because of their solid backing. 2020 seems to be a solid year fo Chinese projects. The blue cup indicates a "Rounding…
$ADA / $BTC
Things don't look so great for Cardano. I'm rooting for further price decline.
Notes on chart
https://www.tradingview.com/x/vctsYXUd/
Things don't look so great for Cardano. I'm rooting for further price decline.
Notes on chart
https://www.tradingview.com/x/vctsYXUd/
🎓 Spot Trade 🎓
🎓 $GO / BTC - View Chart
🔸Signal Info: Go Chain
Rank: #152
Exchange: Binance
Direction: LONG
🔸Status: Limit orders set
🔸Analysis: Coming in at rank 152 we have Go Chain, and it looks like a stunning buy. The price is trading within the triple EMA lines. 200EMA in purple is holding solid support. The 50 makes its way over the quicker 18EMA. The TSI indicator is an all-time favourite and stunning signals like this these are what it is all about!
🔸Current Price: 231sats
❇️Entry bellow: 219sats
🎓 $GO / BTC - View Chart
🔸Signal Info: Go Chain
Rank: #152
Exchange: Binance
Direction: LONG
🔸Status: Limit orders set
🔸Analysis: Coming in at rank 152 we have Go Chain, and it looks like a stunning buy. The price is trading within the triple EMA lines. 200EMA in purple is holding solid support. The 50 makes its way over the quicker 18EMA. The TSI indicator is an all-time favourite and stunning signals like this these are what it is all about!
🔸Current Price: 231sats
❇️Entry bellow: 219sats
Elliot wave analysis from One Point
https://www.tradingview.com/x/fjcqHRA0/
Elliot wave rules and guideline
Hello all, here is the elliot wave perspective of bitcoin in lower time frame. We can see that the price has trended between my previously anticipated range at yellow region.
And this fact is having alignment with the elliot wave count that I've presented here. Showing you the important of elliot wave rules and guide line, the wave 2 ended up at around 0.5 fib retracement region. That's why the wave 4 won't retrace any futher than the area of 0.5 fib retracement.
Looking to enter long at around $8411 region as the strong support.
https://www.tradingview.com/x/fjcqHRA0/
Elliot wave rules and guideline
Hello all, here is the elliot wave perspective of bitcoin in lower time frame. We can see that the price has trended between my previously anticipated range at yellow region.
And this fact is having alignment with the elliot wave count that I've presented here. Showing you the important of elliot wave rules and guide line, the wave 2 ended up at around 0.5 fib retracement region. That's why the wave 4 won't retrace any futher than the area of 0.5 fib retracement.
Looking to enter long at around $8411 region as the strong support.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Exchange: BitMex / Bybit Coin: XBT/USD Entry at 8950 - 9040 Sell at 8895 - 8805 - 8731 - 8699 Remember to open SHORT position! Use 5x or cross leverage (5 - 7% balance) Stop Loss : over 9143
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Brace yourself, great altcoin picks coming your way in a couple of hours.
🎓Market Update🎓
Good evening to all the traders in my time zone, good morning otherwise. The markets are absolutely on fire and all the greatest coins are performing like champions.
The good entries are all being lost, prices are running but don't be afraid of some exposure at times like these. Trading with the trend is a keystone to success and momentum is on the up and up. Manage your stops and keep em tight. Trade actively on a lower time frame like 5-minute candles. Target small quick gains.
❇️ Happy trading!
Good evening to all the traders in my time zone, good morning otherwise. The markets are absolutely on fire and all the greatest coins are performing like champions.
The good entries are all being lost, prices are running but don't be afraid of some exposure at times like these. Trading with the trend is a keystone to success and momentum is on the up and up. Manage your stops and keep em tight. Trade actively on a lower time frame like 5-minute candles. Target small quick gains.
❇️ Happy trading!
🎓 Spot Trade 🎓
🎓 $BAT / BTC
🔸Signal Info: Basic Attention Token
Rank: #31
Exchange: Binance
Direction: LONG
🔸Status: Limit orders set
🎓 $BAT / BTC
🔸Signal Info: Basic Attention Token
Rank: #31
Exchange: Binance
Direction: LONG
🔸Status: Limit orders set
🎓 $BAT / BTC - View Chart (Daily)
🔸Analysis: Here we have a look at BAT on the daily chart. We have drawn out here a cup with handle formation that has progressed to about 80%. Now is when the payout comes to fruition.
We have our most recent buy signal on the TSI and it remains to be seen if this crossover will be enough to get the price over the 200EMA in purple.
🔸Analysis: Here we have a look at BAT on the daily chart. We have drawn out here a cup with handle formation that has progressed to about 80%. Now is when the payout comes to fruition.
We have our most recent buy signal on the TSI and it remains to be seen if this crossover will be enough to get the price over the 200EMA in purple.
🎓 $BAT / BTC - View Chart (30min)
🔸Analysis: On the short time frame, as we hunt for an entry. We see the leg of an upward channel. Started after the first cool down from the high.
Right now what is more pressing is the resistance 2600sats. This resistance is resulting in a flat top wedge on this time frame.
☑️Margin: x5
🔸Current Price: 2580sats
❇️Entry: 2545sats, 2470sats
🎯Targets: 2880sats, 3142sats, Open
♦️Exit: 2395sats (5x3%)
🔸Analysis: On the short time frame, as we hunt for an entry. We see the leg of an upward channel. Started after the first cool down from the high.
Right now what is more pressing is the resistance 2600sats. This resistance is resulting in a flat top wedge on this time frame.
☑️Margin: x5
🔸Current Price: 2580sats
❇️Entry: 2545sats, 2470sats
🎯Targets: 2880sats, 3142sats, Open
♦️Exit: 2395sats (5x3%)
$ARN / $BTC
Pretty solid entry here. Long drawn 90% as a potential target, we are ready to roll.
https://www.tradingview.com/x/p7SJ8L6c/
Pretty solid entry here. Long drawn 90% as a potential target, we are ready to roll.
https://www.tradingview.com/x/p7SJ8L6c/
Bitcoin Analysis by DiePieBUX
Good afternoon this weekend Cryptonatics,
All enjoying your weekends? Well, so does the crypto. After a heavy week of movement, today seem to be it's calm day. We started the week off at $8100 and have almost ended this week at $8900. That's up over 10%(!) in six days time. The highest point in this period was just over $9000, which already seems to be a physical resistance.
For this week TA, I did some research on the internet as I was curious about other people's opinion on Bitcoin and actually got some really informing patterns that I have all combined into one chart. The research I did actually did change my vision on Bitcoin, as where I was neutral I became a bit of bearish (once again). Reason is that there are legal indications that there is a really a change for Bitcoin to dive deep again. Let me explain:
First indicators are the MA lines, which stands for Moving Average. The name says it all: it smooths out the price over a specific period of time. In this chart, I use a MA over 50 days (gold) and one on 200 days (blue). These periods (also called lengths) are used a lot in Technical Analysis and have some special meanings for typical movements. One of which is the Dead Cross, which indicates that the 50MA is curving underneath the 200MA, which then by itself indicates that the shorter timeframe average is trading below the longer average, so possibly in a bearish trend.
Now, we did had such Death Cross, but just as cool Bitcoin is, it didn't do much to it's price back then. We are now trading against this 200MA, or basically we are now trading against the average price of Bitcoin in the past 200 days. The next days therefore could be interesting, as the price will decide if it is ready to trade once again above this average, or that bears are still in favor of keeping Bitcoin down below. This 200MA could be seen as a big resistance line by traders, or when it crosses over, a big buy.
With the current long/short ratio, I don't really think it will be possible to cross over this average, and therefore giving it away to the bears. Which then could make a price fall turn into reality. We then have to look at another indicator, which is the Volume Profile Visible Range, or VPVR. VPVR shows how many transactions or trades occur, showing how many buyers and/or sellers there are at a specific price point. It isn't always a reliable indicator as people could just set their buy targets anywhere, but huge gaps or big spikes could be seen as where people see resistances and supports.
In the current region we are right now, we see that there is such gap. Meaning that at this price and about $200 higher, there aren't much sellers nor buyers. Be careful as this does also mean huge volatility. Below us, we see some big spikes at $7800 and $7200, and then a huge gap all the way to $5300. This gap concerns me a lot, as there aren't support zones between $5300 and $7200, meaning prices could fall down quickly between this region.
I have drawn a ghost trend in the channel, that could be seen as a worst scenario case for Bitcoin when we indeed find some resistance on the 200MA. I genially believe Bitcoin's price could be forming like I have drawn it on the chart. This means, we could be down at $5300 beginning March. Is it realistic? Maybe not, but it's definitely something to take in consideration when you are still bullish on Bitcoin.
Good afternoon this weekend Cryptonatics,
All enjoying your weekends? Well, so does the crypto. After a heavy week of movement, today seem to be it's calm day. We started the week off at $8100 and have almost ended this week at $8900. That's up over 10%(!) in six days time. The highest point in this period was just over $9000, which already seems to be a physical resistance.
For this week TA, I did some research on the internet as I was curious about other people's opinion on Bitcoin and actually got some really informing patterns that I have all combined into one chart. The research I did actually did change my vision on Bitcoin, as where I was neutral I became a bit of bearish (once again). Reason is that there are legal indications that there is a really a change for Bitcoin to dive deep again. Let me explain:
First indicators are the MA lines, which stands for Moving Average. The name says it all: it smooths out the price over a specific period of time. In this chart, I use a MA over 50 days (gold) and one on 200 days (blue). These periods (also called lengths) are used a lot in Technical Analysis and have some special meanings for typical movements. One of which is the Dead Cross, which indicates that the 50MA is curving underneath the 200MA, which then by itself indicates that the shorter timeframe average is trading below the longer average, so possibly in a bearish trend.
Now, we did had such Death Cross, but just as cool Bitcoin is, it didn't do much to it's price back then. We are now trading against this 200MA, or basically we are now trading against the average price of Bitcoin in the past 200 days. The next days therefore could be interesting, as the price will decide if it is ready to trade once again above this average, or that bears are still in favor of keeping Bitcoin down below. This 200MA could be seen as a big resistance line by traders, or when it crosses over, a big buy.
With the current long/short ratio, I don't really think it will be possible to cross over this average, and therefore giving it away to the bears. Which then could make a price fall turn into reality. We then have to look at another indicator, which is the Volume Profile Visible Range, or VPVR. VPVR shows how many transactions or trades occur, showing how many buyers and/or sellers there are at a specific price point. It isn't always a reliable indicator as people could just set their buy targets anywhere, but huge gaps or big spikes could be seen as where people see resistances and supports.
In the current region we are right now, we see that there is such gap. Meaning that at this price and about $200 higher, there aren't much sellers nor buyers. Be careful as this does also mean huge volatility. Below us, we see some big spikes at $7800 and $7200, and then a huge gap all the way to $5300. This gap concerns me a lot, as there aren't support zones between $5300 and $7200, meaning prices could fall down quickly between this region.
I have drawn a ghost trend in the channel, that could be seen as a worst scenario case for Bitcoin when we indeed find some resistance on the 200MA. I genially believe Bitcoin's price could be forming like I have drawn it on the chart. This means, we could be down at $5300 beginning March. Is it realistic? Maybe not, but it's definitely something to take in consideration when you are still bullish on Bitcoin.