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

🔸Signal Info: Celer Networks
Rank: #376
Exchange: Binance (Trade)
Direction: LONG

🔸Analysis: Celer Network has just recently shown an inclination to breakout to the upside. The higher high made on the 26th April is one good indication. The solid horizontal support at 21sats held strong for the month of April.

We are going to try and buy the mid and lower zone of this channel before the price continuers its bullish trend.

🔸Current Price: 25sats
❇️Entry: 23sats, 21sats
🎯Take Profit: 28sats, 32sats, Open
♦️Stop Limit: 19sats (-12.69%)

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

🔸Signal Info: Golem
Rank: #96
Exchange: Binance (Trade)
Direction: LONG

🔸Analysis: We attempted trade Golem not to long ago. Some serious volatility shook us out of the position, but now, we have a chance to re-enter with the odds stacked in our favour.

Curved resistance lines are in play and only seldom have wicks shot above this level. Overall, this looks like a culmination point and a decisive decision needs to be made by the big players now. Lets trade long!

🔸Current Price: 542sats
❇️Entry: 534sats
🎯Take Profit: 595sats, 673sats, 735sats
♦️Stop Limit: 493sats (-7.54%)

S&P 500 vs Bitcoin : The Degree of Similarity

Hello all, here I present you the comparation between 2 of the most significant class of asset that certainly could drive the economic and the global market.

Looking at those 2 comparation of the chart that I've shared above is that both assets have the similarity of price action.

First, we know that both assets previously had a significant drop after a long wait of the consolidation.

Second, We can easily deduce that both class of assets are having the similar pattern of a rising wedge which usually represent a relief rally during the drop of the market.

And the last but not least is that both assets are approaching the crucial level of the golden pocket zone. This level is acting as a strong resistance on both asset. Will they able to breaks this resistance?

The key of this analysis is to show you that both assets are having a positive correlation for now. Both assets are having the similar opportunity of going lower which indicates potential recession

Absolute beauty! Currently in neutral territory

Brace yourselves, Mashers. Around the 10th of May, we’ll witness a major event in the crypto-world: a new Bitcoin halving. This rare occurrence could have a significant impact on the economics of the Bitcoin network. But what exactly is a Bitcoin halving? What does it imply? And what effect can it have on the price of bitcoins? Hold your horses; let’s answer one question at a time.

So what is a Bitcoin Halving?

The Bitcoin network is kept alive by Bitcoin miners. These fellas verify Bitcoin transactions so that they can be correctly processed and added to the blockchain, which is the ledger that contains all the Bitcoin exchanges that have ever occurred. They all do this job in parallel, competing with each other because only the first who manages to verify an entire block of transactions receives bitcoins as a reward for the service. Currently, the remuneration for mining a block is 12.5 freshly minted bitcoins.

However, this reward is doomed to decrease over time. As a matter of fact, whoever designed the Bitcoin network decided that the compensation will be automatically slashed by half every 210.000 verified blocks. That’s what a halving is, and it happens roughly every four years. In May 2020, we’ll see the third halving in Bitcoin’s history, which will bring the mining reward down from 12.5 to 6.25 bitcoins.

What does a halving mean for investors?

As many Bitcoin enthusiasts know, the total supply of bitcoins has been deliberately limited to 21 million to contain inflation. This means only 21 million bitcoins will ever be minted. That makes Bitcoin a scarce commodity by design, and that’s why, like gold, many see Bitcoin as a way to hedge against the inflationary pressures fiat currencies can be subject to.

Since the inception of the network in 2009, roughly 18 million bitcoins have been generated and the total supply of new bitcoins increases daily. As seen, halvings make this increase unwind at a gradually decreasing rate, substantially reducing the number of newly minted bitcoins per block every four years. That will continue until the plateau of 21 million bitcoins has been reached, somewhere around the year 2140.

Currently, there are roughly 54.000 new bitcoins being minted every month, which means that, at current price levels (around €6.500 per bitcoin), the amount of value added to the total Bitcoin supply is roughly €351 million per month.

A large part of these freshly minted bitcoins needs to be sold for cash on the market by small miners to cover their monthly operation costs. Now that the reward for their service is being halved, some of these miners might not be able to make ends meet, and therefore be forced to leave the market. This could decrease the selling pressure from miners in the months after the halving, pushing the price higher in the medium term.

However, let’s not forget that oil prices are at historic lows, which in turn is driving down the price of electricity – miners’ main variable cost – pretty much everywhere. Therefore, in this particular scenario, many small miners could manage to keep running operations for a while after the halving, so the effect described above could be somewhat hampered or delayed.

Furthermore, if we assume the market is efficiently pricing bitcoins (i.e. the current price discounts all available information to date), the expected outcome of the halving should be already priced in. This is a strong assumption though, as the truth is no one actually knows what’s going to happen.

Remarkable reaction as predicted. Congratulations to the ones constantly picking the cues

https://www.tradingview.com/x/yv637pkK/

$10500 as the next anticipated region before the halving

Bitcoin has shown us a very strong action of bullish that is now trying to approach the upper line of the down trend channel that has held the price since June 2019. With today's move of the 15%+ gain in 1 single day of trading session, the price has broken out of the strong resistance area and the liquidation zone. There are few things I want to highlight related to this current upside moves.

The first thing is that there is a failure in the rising wedge with a break out of the upper line of the falling wedge. This action usually gives a confirmation of super bullish market with a huge parabolic movement in the market. And there is other thing that is crucial for me is that the price has already broken out of the liquidation zone around $8200 region which is a good sign.

The 2nd thing is that for the first time since February 2020, the RSI level is now approaching the previous high around 75 level which is very close to the 80 level as the range for extra bullish market. We must anticipate if the RSI can breached the 80 level on daily, there will be a very bullish market ahead. But, if it tops at current level and it gets back to below 60, there will be another bearish push.

The last thing is that we have to anticipate the potential fake break out of current down trend channel. As you can see, the price is very close to the upper line of the channel and the next resistance zone around $9200 - $9400 . There will be a lot of squeezing moves that we can anticipate from now. The key factor for current market's price will be on the halving that is going to happen in the next 12 days. And due to this event takes place and with the current bitcoin's behavior, I won't be surprised is the price can have a spike to the $10500 region right before the halving.

Here is a little education

Bitcoin blew our profits through the roof in the last 48 hours and now we enter the decisive action zone. We call this the Boom or Doom area. Have a look at the chart for the upcoming setups.

For long bitcoin has been considered digital gold. Lately the price action mirroring is quite evident.

https://charts.cointrader.pro/snapshot/LJIRn

BTC : Trend continuation

Bitcoin has already make it through the anticipated region to around $9000 region. At current condition, here comes to another uncertainty after it got rejected from the upper line of the channel as the action of the price respecting this as a strong resistance.

At current condition, we have seen that in 12 hours chart, there are some points I want to highlight.
1. The price is touching the .786 level of fibonacci retracement which is the last significant area of resistance based on the fibonacci rules.
2. The RSI is entering the overbought region which is above the 80 level.
3. The .786 fibonacci level is having an alignment with the resistance trend line as the upper line of the down trend channel
4. Comparing with the February 20th and current price, the price action has printed a lower high but at the RSI level, we can see that the RSI is printing a significant higher high which meets the requirement of the hidden bearish divergence.

Conclusion : So, based on all of those fact, I won't be bullish until the price can breaks the interim swing high around $10500 region which I've anticipated as the wick region for a fake break out on previous chart analysis. Beside, whenever we see a hidden bearish divergence, it will signals the price continuation of the price to go lower. 1 more spike to the upside, I'll stack the short position.

🎓#TradeUpdate 🎓
🎓 $POWR / BTC - View Chart

🔸Signal Info: Power Ledger
Rank: #102 (Starting Rank: 119)
Exchange: Binance (Trade)
Direction: LONG

🎯Status: This trade when on for quite a while, but the levels held, and the profits are now in the bank. Early on in the setup, first target was missed by the narrowest of margins. That would have helped with the long hold on the currency through consolidation. Eitherway, with a stop of about 11%, the position remained open for about 30 days. Today, two massive targets have been triggered on Power Ledger for 35% and 56% respectively leaving us with about 47% average gain for 2/3rd of the position.

🔸Current Price: 824sats
❇️Entry: Up to 830sats, 784sats
🎯Take Profit: 1095sats, 1260sats, 1630sats
♦️Stop Limit: 717sats (11.04%)

PS - Like our work on Tradingview

🎓 #PXI Plutus eXploration Index 🎓
🎓 $POWR / BTC - View Chart

Just to be sure that our favorite indicator is still on point, I thought I would zoom in quick, to see if the PXI managed to catch those smashing profits while we slept. Low and behold, the Plutus eXploration index signaled a buy position a full 8h before the the breakout on this 60min time frame.

Request your trial today - @cryptopotatoes | @lord_horst

#WRX/BTC
Analysis On Request

WRX Has Been Forming a Falling Parallel Channel On it's 4Hr Chart
if Breakout 📈
Can Go For a Pump.

if Not,
WRX Has Strong Support Available at 1440 - 1480
You Can Buy a Bag There it Should Give Insane Profits From Following Support Area.

Sell in May: Gann May 6 inflection point approaching
----------------

"Sell in May and go away" is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the other months. In such strategies, stocks are sold at the start of May and the proceeds held in cash (e.g. a money market fund); stocks are bought again in the autumn, typically around Halloween. "Sell in May" can be characterised as the belief that it is better to avoid holding stock during the summer period.

Though this seasonality is often mentioned informally, it has largely been ignored in academic circles.

Data show that stock market returns in many countries during the May–October period are systematically negative or lower than the short-term interest rate.

https://www.tradingview.com/x/jDeJ9Lmn/

Price action : Be Cautious of bull trap, trade set up

Hello all, here I present you the chart work of bitcoin.

The price has bounced to touched the anticipated region at around the $9400 region which is at around the upper line of the down trend channel which acts as a resistance trend line. This action however is similar with the previous action that has occured at this bitcoin's movement with a series of breaks down the yellow support trend line, retest it again as a confirmed resistance and goes down as the major trend in middle term.

With current movement in the market and if we combine with the past performance in the market, there is still a possibility of the price to repeat again its past performance. This means the price can push higher in the short term to around the previous broken support at yellow trend line which could be the action of phase 2 break out strategy. And because the yellow trend line is above the upper line of the down trend channel, we might anticipate an action of bull trap which could give a push above the resistance trend line before dump it down.

The last thing I want to cover is the action of RSI and the price action. At current price, we can see that the price is forming a lower high pattern. On the other hand, the RSI is forming a double top with potential of breaching the previous high on RSI level. This action also called the hidden bearish divergence as the continuation of down trend pattern.

If you want to play conservative, here is the set up that you can use for swing trading.
1. Open a short position when the price has the confirmation of breaks down the red support trend line.
2. Open a long position when the price has the confirmation of breaks out of the blue zone to reduce the risk of bull trap.

For short position, targeting the swing low (or around $5000) and for long position, targeting the swing high (or around $13000)

Bitcoin seems to have found some resistance. Do not trade here without stop-loss.

And boom, we nailed it right again.

Congratulations on the profit!

#BNB On Binance ‼️

is Having a Good Level Correction After a +30% Surge
Now Has Approached To Support Area.
Looks Good To Be Bought.

Entry : 0.0019200
Sell Targets : 0.0020200 - 0.0021100 - 0.0022100 - 0.0023050

StopLoss : -7% From Entry


Side note: Guys if you're into scalping I strongly recommend you pin us to the top and turn the notifications on so you don't miss the fast paced action like the bang on accurate trade of bitcoin today!

Bitcoin very accurately retracted on the longer time frame. Further breakdown might cause a selloff leading to a bigger price drop