π Market Updateπ
π $BTC.D - Dominance Ticker - View Chart
This chart is not like any other chart that goes up and down. It has a limit on the upside and the downside, and should be viewed more as an indicator. The movements here do indeed represent real price moments, but ultimately its a huge amount of information distilled into a digestible format.
The red block higher up on this dominance chart represent the zone of ultimate resistance seen most recently. AKA post 2017 when before, BTC held a shocking 95% dominance rating.
Readings can be extrapolated by comparing previous levels and prices on those specific dates. The green candles are Bitcoin and the red candles represent the entire Altcoin market cap. The higher the ranking of the Altcoin, the more influence it holds over those red candles.
Tonight analysis look place entirely on the 4h time frame and to be honest, I am shocked to see the dominance chart in such a state.
Using the new year 2020 as a reference - we see some fantastic gains on Bitcoin for the year to date. The dominance chart is grinding the bottom of the rough wedge I have drawn. Looks pretty bullish for Bitcoin if the line holds. The activity within this channel or wedge looks a bit thin overall, and I suspect this formation will remain in play for another cycle or two.
π $BTC.D - Dominance Ticker - View Chart
This chart is not like any other chart that goes up and down. It has a limit on the upside and the downside, and should be viewed more as an indicator. The movements here do indeed represent real price moments, but ultimately its a huge amount of information distilled into a digestible format.
The red block higher up on this dominance chart represent the zone of ultimate resistance seen most recently. AKA post 2017 when before, BTC held a shocking 95% dominance rating.
Readings can be extrapolated by comparing previous levels and prices on those specific dates. The green candles are Bitcoin and the red candles represent the entire Altcoin market cap. The higher the ranking of the Altcoin, the more influence it holds over those red candles.
Tonight analysis look place entirely on the 4h time frame and to be honest, I am shocked to see the dominance chart in such a state.
Using the new year 2020 as a reference - we see some fantastic gains on Bitcoin for the year to date. The dominance chart is grinding the bottom of the rough wedge I have drawn. Looks pretty bullish for Bitcoin if the line holds. The activity within this channel or wedge looks a bit thin overall, and I suspect this formation will remain in play for another cycle or two.
We'll be filming a very interesting video today specifically for the scalpers. We agree that regular day trades for scalpers and Mex lovers haven't been frequent. To make up for the same and add another mastery, do stay tuned. π€
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$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/
$TT / $BTC nails Target 1 with 30%
Sweet run up with volume coming in. I expect this to perform better and chop down all given target in a fram of 7 to 10 days if Bitcoin doesn't decide to take a dump.
Sliced right through our first resisitance and now finds itself some breath before climbing back up.
https://www.tradingview.com/x/vBBw0lJ0/
Sweet run up with volume coming in. I expect this to perform better and chop down all given target in a fram of 7 to 10 days if Bitcoin doesn't decide to take a dump.
Sliced right through our first resisitance and now finds itself some breath before climbing back up.
https://www.tradingview.com/x/vBBw0lJ0/
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Today we will be reviewing the unimaginable feats you can achieve with the most popular tool.
π Trade Update π
π $BAT / BTC - View Chart
πΈSignal Info: Basic Attention Token
Rank: #31
Exchange: Binance
Direction: LONG
πΈStatus: Our entries have been filled on Basic Attention. Our stop was set just right, and we narrowly missed a stop trigger a few days ago. Price is still bound within the wedge formation that we see. The horizontal resistance at 2600sats is also playing a big role right now. Breaking through this level might provide enough fuel to get over the top of the wedge, and on towards our targets. Not a bad trade to enter if you have not bought in yet.
βοΈMargin: x5
πΈCurrent Price: 2519sats
βοΈEntry: 2545sats, 2470sats
π―Targets: 2880sats, 3142sats, Open
β¦οΈExit: 2395sats (5x3%)
π $BAT / BTC - View Chart
πΈSignal Info: Basic Attention Token
Rank: #31
Exchange: Binance
Direction: LONG
πΈStatus: Our entries have been filled on Basic Attention. Our stop was set just right, and we narrowly missed a stop trigger a few days ago. Price is still bound within the wedge formation that we see. The horizontal resistance at 2600sats is also playing a big role right now. Breaking through this level might provide enough fuel to get over the top of the wedge, and on towards our targets. Not a bad trade to enter if you have not bought in yet.
βοΈMargin: x5
πΈCurrent Price: 2519sats
βοΈEntry: 2545sats, 2470sats
π―Targets: 2880sats, 3142sats, Open
β¦οΈExit: 2395sats (5x3%)
π Trade Update π
π $ONT / BTC - View Chart
πΈSignal Info: Ontology
Rank: #27
Exchange: Binance
Direction: LONG
Margin: x5
πΈStatus: Ontology has slowly been edging its way out of our entry zone. The 21MA on the daily is following up with support for the price, and things are looking bullish. Horizontal resistance here might send us off on a longer micro formation build up, but it doesn't look very likely considering the rather high higher high.
With that said, it would be wise place to take short term profit. Adjusting stop to aggressively at that point could mean a pre mature exit.
πΈCurrent Price: 756sats
βοΈEntry: 755sats
π―Targets: 978sats, 1150sats, 1530sats
β¦οΈExit: 695sats (8x5%)
π $ONT / BTC - View Chart
πΈSignal Info: Ontology
Rank: #27
Exchange: Binance
Direction: LONG
Margin: x5
πΈStatus: Ontology has slowly been edging its way out of our entry zone. The 21MA on the daily is following up with support for the price, and things are looking bullish. Horizontal resistance here might send us off on a longer micro formation build up, but it doesn't look very likely considering the rather high higher high.
With that said, it would be wise place to take short term profit. Adjusting stop to aggressively at that point could mean a pre mature exit.
πΈCurrent Price: 756sats
βοΈEntry: 755sats
π―Targets: 978sats, 1150sats, 1530sats
β¦οΈExit: 695sats (8x5%)
π#SpotTrade π
π $MTL / BTC - View Chart
πΈSignal Info: Metal
Rank: #177
Exchange: Binance (Trade)
Direction: LONG
πΈStatus: Limit Entries Set, and we are hunting a fill on Metal. Price lost momentum as expected here, but the entries set might have been a little ambitious. The top side of the falling wedge has provided pretty solid support none the less. I think we'll likely have the first entry filled, and second might be missed. Lets keep the setup as is for now.
πΈCurrent Price: 2848sats
βοΈEntry: 2725sats, 2520sats
π―Take Profit: 3555sats, 4650sats, 5565sats
β¦οΈStop Limit: 2285sats (-13%)
π $MTL / BTC - View Chart
πΈSignal Info: Metal
Rank: #177
Exchange: Binance (Trade)
Direction: LONG
πΈStatus: Limit Entries Set, and we are hunting a fill on Metal. Price lost momentum as expected here, but the entries set might have been a little ambitious. The top side of the falling wedge has provided pretty solid support none the less. I think we'll likely have the first entry filled, and second might be missed. Lets keep the setup as is for now.
πΈCurrent Price: 2848sats
βοΈEntry: 2725sats, 2520sats
π―Take Profit: 3555sats, 4650sats, 5565sats
β¦οΈStop Limit: 2285sats (-13%)
Update from One Point
https://www.tradingview.com/x/r55Wvadr/
Update on previous analysis about bitcoin.
1. The lower line of the channel can't hold the price from further down side movement.
2. MACD histogram has shown a growing strength but to the down side.
3. we may see retest toward the lower line as broken support that is now become resistance and get rejected (there will be the entry for short)
4. I'm targeting the $8000 region as a foundation for support as it's the psychological and round number
5. Bears are still taking over control of overall market
https://www.tradingview.com/x/r55Wvadr/
Update on previous analysis about bitcoin.
1. The lower line of the channel can't hold the price from further down side movement.
2. MACD histogram has shown a growing strength but to the down side.
3. we may see retest toward the lower line as broken support that is now become resistance and get rejected (there will be the entry for short)
4. I'm targeting the $8000 region as a foundation for support as it's the psychological and round number
5. Bears are still taking over control of overall market
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π #SmashingWatchlist π
π $EOS π
It's a little late in the day to write up a compressive analysis on EOS tonight, but I thought I would share a quick sneak preview of what I see here.
This is a pretty intense chart to look at. The chart made up of daily candles covers the entire year of 2019 and then some. I had a falling channel in place on my chart and it focused on the tragic drop we lived though from that red sell signal arrow and down.
Rejusting this channel to the proper high low wicks for the wave, and centring the midpoint on the 2018 trending down line has revealed a secret little breakout that has taken place just over a week ago. The price broke clean into a new trading band and the 21MA is catching up to support the move. The smashing signal on my trusty DMI just blows my mind - after spending nearly the entire year of 2019 in the pits, the DMI has definitively printed a bullish signal.
Let's lookout for a neat entry on this asset, but market entries could be profitable without leverage
π $EOS π
It's a little late in the day to write up a compressive analysis on EOS tonight, but I thought I would share a quick sneak preview of what I see here.
This is a pretty intense chart to look at. The chart made up of daily candles covers the entire year of 2019 and then some. I had a falling channel in place on my chart and it focused on the tragic drop we lived though from that red sell signal arrow and down.
Rejusting this channel to the proper high low wicks for the wave, and centring the midpoint on the 2018 trending down line has revealed a secret little breakout that has taken place just over a week ago. The price broke clean into a new trading band and the 21MA is catching up to support the move. The smashing signal on my trusty DMI just blows my mind - after spending nearly the entire year of 2019 in the pits, the DMI has definitively printed a bullish signal.
Let's lookout for a neat entry on this asset, but market entries could be profitable without leverage
π#SpotTrade π
π $WAVES / BTC - View Chart
πΈSignal Info: Waves
Rank: #52
Exchange: Binance (Trade)
Direction: LONG
πΈCurrent Price: 1020sats
βοΈEntry: 1020sats, 1003sats
π―Take Profit: 1115sats, 1345sats, 1457sats
β¦οΈStop Limit: 895sats (-12%)
Analysis
Waves has made significant growth in the past and now has finally come to rest in a very tight region. This proves to be its fuel station to refuel for another run. We are looking at a classic example of ROUNDING BOTTOM here. A sharp decline of over 30% followed we an accumulation period. the green light comes in with a massive 40% growth in a short interval.
To further enhance the signal's credibility, we opted the classic Hashed Plutus favourite TSI - SMA combo set at 25/7/1440/720 and the custom MP. Things seem to be pushing in our favour yet all we can is hold tight for the potential 40% increase.
π $WAVES / BTC - View Chart
πΈSignal Info: Waves
Rank: #52
Exchange: Binance (Trade)
Direction: LONG
πΈCurrent Price: 1020sats
βοΈEntry: 1020sats, 1003sats
π―Take Profit: 1115sats, 1345sats, 1457sats
β¦οΈStop Limit: 895sats (-12%)
Analysis
Waves has made significant growth in the past and now has finally come to rest in a very tight region. This proves to be its fuel station to refuel for another run. We are looking at a classic example of ROUNDING BOTTOM here. A sharp decline of over 30% followed we an accumulation period. the green light comes in with a massive 40% growth in a short interval.
To further enhance the signal's credibility, we opted the classic Hashed Plutus favourite TSI - SMA combo set at 25/7/1440/720 and the custom MP. Things seem to be pushing in our favour yet all we can is hold tight for the potential 40% increase.
$XRP / $USD 1D Analysis
Ripple has been in the news alot lately and things have started getting interesting because Technicals and Fundamentals don't seem to be singing the same song here. Take a quick look at the chart below and you will see that now one, but three clear bearish signals setting up a move downwards yet the whole Ripple army is bullish. Most of the technicals are covered on the chart, as for the fundamentals, Ripple might be the first cryptocurrency to be directly tied in some way to an IPO {Initial public offering} in the coming 12 months. Here is what makes things go messy.
Typical trader would see this as a bullish news and buy it but a smart trader sees the catch, they have placed no light to the future of XRP if they plan to use shares for the equity, if they do so, the token becomes obsolete.
THINK
https://www.tradingview.com/x/wU1OznnA/
Ripple has been in the news alot lately and things have started getting interesting because Technicals and Fundamentals don't seem to be singing the same song here. Take a quick look at the chart below and you will see that now one, but three clear bearish signals setting up a move downwards yet the whole Ripple army is bullish. Most of the technicals are covered on the chart, as for the fundamentals, Ripple might be the first cryptocurrency to be directly tied in some way to an IPO {Initial public offering} in the coming 12 months. Here is what makes things go messy.
Typical trader would see this as a bullish news and buy it but a smart trader sees the catch, they have placed no light to the future of XRP if they plan to use shares for the equity, if they do so, the token becomes obsolete.
THINK
https://www.tradingview.com/x/wU1OznnA/
π#SpotTrade π
π $DATA / BTC - View Chart
πΈAnalysis: The technicals on this DATA chart are just stunning and it looks like there could be a few large targets up for grabs on this trade. On the way down, the price responded positively to each falling wedge breakout. The best entries on each of those waves had been from lower lows.
The most recent breakout from the wedge in white was not astounding and the price came back to test the buy zone once more and it ended up making a higher low.
This behaviour speaks of a trend change and the indicators are confirming this. The 21MA has cooled down completely and is hovering dead centre on recent price action. The DMI shows subtle signals on the DM+ signalling positive buying volume.
The TSI indicator here has been programmed to about double the timeframe on the stock setting. The indicator shows bullish divergence since mid-December. Reading has, however, not been able to cross the zero line very often so that's an obvious sign that a distribution phase was taking place.
Anyhow, the indicator is reaching for the zero lines and a crossover. The wedge is reaching an apex says its time to seek an entry.
π $DATA / BTC - View Chart
πΈAnalysis: The technicals on this DATA chart are just stunning and it looks like there could be a few large targets up for grabs on this trade. On the way down, the price responded positively to each falling wedge breakout. The best entries on each of those waves had been from lower lows.
The most recent breakout from the wedge in white was not astounding and the price came back to test the buy zone once more and it ended up making a higher low.
This behaviour speaks of a trend change and the indicators are confirming this. The 21MA has cooled down completely and is hovering dead centre on recent price action. The DMI shows subtle signals on the DM+ signalling positive buying volume.
The TSI indicator here has been programmed to about double the timeframe on the stock setting. The indicator shows bullish divergence since mid-December. Reading has, however, not been able to cross the zero line very often so that's an obvious sign that a distribution phase was taking place.
Anyhow, the indicator is reaching for the zero lines and a crossover. The wedge is reaching an apex says its time to seek an entry.
π#SpotTrade π
π $DATA / BTC - View Chart
πΈStatus: Limit Entries Set
πΈCurrent Price: 182sats
βοΈEntry: 180sats, 173sats
π―Take Profit: 234sats, 331sats, 399sats
β¦οΈStop Limit: 163sats (-7.5%)
πRe-entry zone: 150sats and up
π $DATA / BTC - View Chart
πΈStatus: Limit Entries Set
πΈCurrent Price: 182sats
βοΈEntry: 180sats, 173sats
π―Take Profit: 234sats, 331sats, 399sats
β¦οΈStop Limit: 163sats (-7.5%)
πRe-entry zone: 150sats and up
Bitcoin Analysis from One Point
https://www.tradingview.com/x/C3KlqrFR
Gaining strength in bitcoin
We have seen a lower low on price action but higher low on the RSI. This is however what we see on the lower time frame (1h).
This condition once again proves that the bulls are gaining strength at least in the lower time frame. If we see a break out of current white resistance trend line, we will see a push toward the interim swing high as a potential wave 5 or the double top.
We must wait and extra patient during this circumstance. I will give more detail analysis in few hours.
https://www.tradingview.com/x/C3KlqrFR
Gaining strength in bitcoin
We have seen a lower low on price action but higher low on the RSI. This is however what we see on the lower time frame (1h).
This condition once again proves that the bulls are gaining strength at least in the lower time frame. If we see a break out of current white resistance trend line, we will see a push toward the interim swing high as a potential wave 5 or the double top.
We must wait and extra patient during this circumstance. I will give more detail analysis in few hours.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$XRP / $USD 1D Analysis Ripple has been in the news alot lately and things have started getting interesting because Technicals and Fundamentals don't seem to be singing the same song here. Take a quick look at the chart below and you will see that now oneβ¦
Tell me that wasn't acccurate.
Entry one hit and up by 2.7% since.
It's not about find an asset with the right entry now, its about find the right entry on any asset.
Read that again.
https://www.tradingview.com/x/U8LuyNNq/
Entry one hit and up by 2.7% since.
It's not about find an asset with the right entry now, its about find the right entry on any asset.
Read that again.
https://www.tradingview.com/x/U8LuyNNq/
π#TradeUpdate π
π $MTL / BTC - View Chart
πΈSignal Info: Metal
Rank: #176
Exchange: Binance (Trade)
Direction: LONG
πΈStatus: Patience is a virtue and especially when trading. First entry ended up being spot on and price rebounded with a sharp 10% gain. I'm making a bit of a change to the trade setup here, The dumping from the recent high wasn't as extreme as the setup planned for. We have also got a bit of a cushion with the rebound this morning.
πΈChanges: Tightening the stop right up to -3%. Proposing a re-entry on the next level down if it comes to that.
πΈCurrent Price: 2860sats
βοΈEntry: 2725sats
π―Take Profit: 3555sats, 4650sats, 5565sats
β¦οΈStop Limit: 2645sats (-3%)
πRe-entry: 2520sats
π $MTL / BTC - View Chart
πΈSignal Info: Metal
Rank: #176
Exchange: Binance (Trade)
Direction: LONG
πΈStatus: Patience is a virtue and especially when trading. First entry ended up being spot on and price rebounded with a sharp 10% gain. I'm making a bit of a change to the trade setup here, The dumping from the recent high wasn't as extreme as the setup planned for. We have also got a bit of a cushion with the rebound this morning.
πΈChanges: Tightening the stop right up to -3%. Proposing a re-entry on the next level down if it comes to that.
πΈCurrent Price: 2860sats
βοΈEntry: 2725sats
π―Take Profit: 3555sats, 4650sats, 5565sats
β¦οΈStop Limit: 2645sats (-3%)
πRe-entry: 2520sats