https://www.tradingview.com/x/O7cnSmWX/
Thoughts:
Let's try to keep this simple and concise. I have a mixed bias at this point. The fear greed index is topping over 80. Massive green candles have been printed on daily and weekly charts. A consolidation is necessary for the long term growth cycle.
Yet the bullish signs come from a wearing dollar. As most Bitcoin exchanges are using USD as the base swap, drop in price of USD correlates with increase in price of BTC.
Actions:
It comes down to you as a trader. If you prefer risking in and betting on the move I suggest opening two opposite positions on different exchanges with tight stops. You will end up paying fees but if a significant move occurs, you have caught both flanks.
If you prefer preserving your capital and waiting for a confirmation, sit at the sidelines and watch. It's okay to miss a few moves than gamble.
Thoughts:
Let's try to keep this simple and concise. I have a mixed bias at this point. The fear greed index is topping over 80. Massive green candles have been printed on daily and weekly charts. A consolidation is necessary for the long term growth cycle.
Yet the bullish signs come from a wearing dollar. As most Bitcoin exchanges are using USD as the base swap, drop in price of USD correlates with increase in price of BTC.
Actions:
It comes down to you as a trader. If you prefer risking in and betting on the move I suggest opening two opposite positions on different exchanges with tight stops. You will end up paying fees but if a significant move occurs, you have caught both flanks.
If you prefer preserving your capital and waiting for a confirmation, sit at the sidelines and watch. It's okay to miss a few moves than gamble.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
https://www.tradingview.com/x/O7cnSmWX/ Thoughts: Let's try to keep this simple and concise. I have a mixed bias at this point. The fear greed index is topping over 80. Massive green candles have been printed on daily and weekly charts. A consolidation is…
https://www.tradingview.com/x/Mwy81jXv/
Coming from yesterday's analysis on Bitcoin, we saw a correction as predicted. I believe we need a steeper retest to $10,500 and sub $10,000 levels. The dollar is still very weak and might cause turmoil. Pick your safehaven investments. Gold might blow up but I believe silver too is gaining solid ground.
Coming from yesterday's analysis on Bitcoin, we saw a correction as predicted. I believe we need a steeper retest to $10,500 and sub $10,000 levels. The dollar is still very weak and might cause turmoil. Pick your safehaven investments. Gold might blow up but I believe silver too is gaining solid ground.
https://www.tradingview.com/x/4VMM5dT6/
XRP/USD
The highest gains collected in the past 7 days adding up to 40%, Ripple has entered it's bullish cycle. On the balance of probability I see a retest for long term stability. $0.25 is both a historic and psychological level. Retesting it can bring in enough momentum to drive towards $0.50 by the end of October.
Long term bag holders can start accumulation from $0.27
XRP/USD
The highest gains collected in the past 7 days adding up to 40%, Ripple has entered it's bullish cycle. On the balance of probability I see a retest for long term stability. $0.25 is both a historic and psychological level. Retesting it can bring in enough momentum to drive towards $0.50 by the end of October.
Long term bag holders can start accumulation from $0.27
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
https://www.tradingview.com/x/Mwy81jXv/ Coming from yesterday's analysis on Bitcoin, we saw a correction as predicted. I believe we need a steeper retest to $10,500 and sub $10,000 levels. The dollar is still very weak and might cause turmoil. Pick your safehaven…
Update
Price action for the last 24 hours has barely affected the structure. Still above 200 MA and extended from 21 EMA. The analysis still hold good. Great time to learn new skills. Gonna drop a few educational posts
Price action for the last 24 hours has barely affected the structure. Still above 200 MA and extended from 21 EMA. The analysis still hold good. Great time to learn new skills. Gonna drop a few educational posts
Everyone talks about candle closes:
But why is it important?
Because until the candle of your chosen TF hasn't closed price can still trade through specific S/R lvls without actually overtaking them.
The candle close is your confirmation of broken lvl.
But why is it important?
Because until the candle of your chosen TF hasn't closed price can still trade through specific S/R lvls without actually overtaking them.
The candle close is your confirmation of broken lvl.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$BTCUSD
Why spam all day when you can pick the right trade?
For my long term holders, start grabbing
BTC
BNB
EOS
at the current prices
BTC
BNB
EOS
at the current prices
Forwarded from Libre Blockchain
Did $LINK Kill NEXO?
Okay, so if you haven't been following this (really weird) saga between $LINK and NEXO, let me get you up to speed:
1. There was a 50+ page market report that was published approximately a month ago that attacked $LINK to the core and essentially stated that the project was headed toward zero within a year (a bold, bold proclamation considering $LINK was at an ATH and in the T10 markecap-rank at the time)
2. The authors of the report, 'Zeus Capital', were a nebulous entity that we had never heard of before - which created reasonable suspicion about the motivations for such a report.
3. The $LINK community later uncovered alleged ties between Zeus Capital and NEXO. At the time, this was a bit baffling because $LINK and $NEXO had literally announced a partnership with one another that same month (July 9th, 2020 ; link = https://bravenewcoin.com/insights/nexo-and-chainlink-announce-partnership)
Fast Forward to Today
The price of $NEXO is falling off a cliff. Without coincidence, $LINK's price is rocketing right now.
According to numerous community members and "$LINK marines" following the situation, it appears that the hypothesis that Zeus Capital was really $NEXO operating under cover to publish malicious information to sweeten their "short" on $LINK proved to be true (at least to some extent).
Okay, so if you haven't been following this (really weird) saga between $LINK and NEXO, let me get you up to speed:
1. There was a 50+ page market report that was published approximately a month ago that attacked $LINK to the core and essentially stated that the project was headed toward zero within a year (a bold, bold proclamation considering $LINK was at an ATH and in the T10 markecap-rank at the time)
2. The authors of the report, 'Zeus Capital', were a nebulous entity that we had never heard of before - which created reasonable suspicion about the motivations for such a report.
3. The $LINK community later uncovered alleged ties between Zeus Capital and NEXO. At the time, this was a bit baffling because $LINK and $NEXO had literally announced a partnership with one another that same month (July 9th, 2020 ; link = https://bravenewcoin.com/insights/nexo-and-chainlink-announce-partnership)
Fast Forward to Today
The price of $NEXO is falling off a cliff. Without coincidence, $LINK's price is rocketing right now.
According to numerous community members and "$LINK marines" following the situation, it appears that the hypothesis that Zeus Capital was really $NEXO operating under cover to publish malicious information to sweeten their "short" on $LINK proved to be true (at least to some extent).
Brave New Coin
Nexo and ChainLink announce partnership » Brave New Coin
The Nexo DeFi crypto lending platform has announced a partnership with ChainLink, a decentralized oracle network built on Ethereum.
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Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
For my long term holders, start grabbing BTC BNB EOS at the current prices
Here we are barely 55 hours from these entries. All have decent performance. It's not important to catch the absolute bottom when you plan to hold the bag.
https://www.tradingview.com/x/FpQRkbzt/
https://www.tradingview.com/x/FpQRkbzt/