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!

🎓 Spot Trade 🎓
🎓 $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.

🎓 $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%)

$ARN / $BTC

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.

Important correlation between major coins

In this section, I'll be covering Bitcoin, Litecoin and NEO. Often word goes around town that LTC leads the market and BTC usually follows. To an extent, this has held water. For most part of 2019, Bitcoin is seen mirroring moves but what really excites me is the reduction of dependency. Post June 2019, we see a brief interval where NEO is seen to setup exact moves like BTC with an added advantage, these perform before bitcoin moves.

In the third and last bit of frames, we see that both coins have not performed the best yet hold water in the market analysis because of their unique features.
Litecoin has a splendid record in predicting the direction of the move ( UP, DOWN, Sideways)
NEO seems to pick the magnitude (depth of fall) more accurately.

A fine mix would be a terrifying weapon to add to our arsenal.

PS: I have turned these educational posts to mute ones so as to cut down the hunting. Do have a look if you find some time. 😄

https://www.tradingview.com/x/SUp0gTcJ/

Analysis from One Point

https://www.tradingview.com/x/9xSIyt68/

Looking at the daily view, the price of bitcoin is now touching the gray region. This is however become the major resistance a head of bitcoin which coincide with the golden pocket zone and the 200 MA on daily.

And based on the EW count, there is a possibility of bitcoin to form the bearish rising wedge in the C wave as a potential of ending wave diagonal. I'm going to wait until the daily candle close.

What Is an EIP?

EIP stands for Ethereum Improvement Proposal. EIP is a project document describing a new function of the Ethereum’s ecosystem. An EIP should provide a short tech specification of a function and grounds for its acceptance. An EIP author is responsible for reaching a consensus inside the community and documenting special opinions.

Any member of the Ethereum community may submit an EIP. All proposals are stored in a separate repository on GitHub (there are currently over 1,000 of them). EIP-1, the first EIP, was suggested in 2015 by a group of Ethereum developers that included Hudson Jameson and Martin Becze.

For more : @CryptoTraderLibrary

There it is. Crashing hard like a meteorite. A much required correction. After a parabolic rise.

🎓#SpotTrade 🎓
🎓 $MTL / BTC - View Chart

🔸Signal Info: Metal
Rank: #168
Exchange: Binance (Trade)
Direction: LONG

🔸Status: Limit Entries Set

🔸Analysis: We had a go at MTL a little while ago but the symmetrical triangle broke down that time without getting us any profit on the trade. The chart has progressed into a flat bottom wedge on solid support. The line has been tapped once recently and the positive reaction inspires some fresh entries.

🔸Current Price: 2893sats
Entry: 2725sats, 2520sats
Take Profit: 3555sats, 4650sats, 5565sats
Stop Limit: 2285sats (-13%)

$BTC / $USD

Price rejected but failing to take any liquidity. Currently bouncing of H12 breaker. Would expect a range to form around these levels especially with Monday’s session approaching.


https://www.tradingview.com/x/cHtBDFOT/

First target hit 20% secured

We could have nailed the entry lower but well, sweet profit it stays.

https://www.tradingview.com/x/LktbHELf/

$TT / $BTC

ThuderCore is known to have a proven record on breakout entries. Piercing through the skies time and again. I think we have one knocking the door.

https://www.tradingview.com/x/ZRYYy3Jo/

🎓 Spot Trade 🎓
🎓 $CDT / $BTC

🔸Signal Info: Blox
Rank: #320
Exchange: Binance
Direction: LONG

🔸Status: Limit orders set

🔸Current Price: 78 sats
❇️Entry: under 78 sats
🎯Targets: 96sats, 110sats, 126sats
♦️Exit: 71sats

Analysis (1D)

Blox has layed low since the majestic rise back in Mid 2019. After dumping and accumulation for over 69 days, we spot a reversal round the corner. A strong buy signal from both our trusted indicators result in my bias to enter at the market price. I'm expecting a sharp increase in price towards TP 1 followed by a rejection of the psychological 100 sats barrier and the 50 MA resistance to gather momentum for the run ahead.

Notes on chart.

https://www.tradingview.com/x/1XeO6IK4/

Exclusive

Hashed Plutus Analysis:
21 EMA

Time to add a new weapons to our arsenal.

🎓Market Update🎓
🎓 $XBT - USD

Greeting to all members of the Hashed Plutus community! I come to you with a light weight short term analysis on Bitcoin.

Traders are facing a tough dilemma right now. Within the last hour, the price has pierced the support at $8400 yet again, and the bulls have followed up with strong buying action. Printing bullish engulfing patterns on the 4h chart and lower.

First off, critical levels here are:
Support: $8570 - $8490
Resistance Local: $8740
Resistance HTF: $8970 - $9000

The HTF (Higher time frame) resistance is psychological, but it just happens to coincide with the trending channel that has held the price in check since June last year. The upper band of this channel still needs to be explored properly, and If the price makes it over this last hurdle, There is little in the way of resistance up until the 10k mark.