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/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Chart courtesy: OnePoint
Bitcoin : 2 Absolute Scenarios
Bitcoin is now trading in a hard consolidation zone with a lot of faking out moves that produce a wick on both upside and downside. It's just enough to represent current choppiness in the market that can easily making a high leverage trader become liquidated. For now, I still see the price is still having a good momentum to the upside with a potential test to the above resistances. But, for sure it will be so ignorant if I don't cover the worse case scenario too.
The first scenario is the upside moves. This is actually the scenario that I'm very interested to occur in the near future. A consolidation moves toward the APEX of the ascending triangle which usually gives a good psychological factor for the upside moves. If this scenario is valid, we'll see the upside moves to test the above fibonacci levels that I draw. $14500 could be the major resistance for this moves.
The second scenario is the bearish one. I still see that this scenario won't come out in near future. But like what I've said, it will be very ignorant if I don't anticipate this moves. If the price breaks down below the support trend line of this ascending triangle, there will be an extra downside push toward the $10500 region which was a broken resistance that is now becoming the support
Bitcoin is now trading in a hard consolidation zone with a lot of faking out moves that produce a wick on both upside and downside. It's just enough to represent current choppiness in the market that can easily making a high leverage trader become liquidated. For now, I still see the price is still having a good momentum to the upside with a potential test to the above resistances. But, for sure it will be so ignorant if I don't cover the worse case scenario too.
The first scenario is the upside moves. This is actually the scenario that I'm very interested to occur in the near future. A consolidation moves toward the APEX of the ascending triangle which usually gives a good psychological factor for the upside moves. If this scenario is valid, we'll see the upside moves to test the above fibonacci levels that I draw. $14500 could be the major resistance for this moves.
The second scenario is the bearish one. I still see that this scenario won't come out in near future. But like what I've said, it will be very ignorant if I don't anticipate this moves. If the price breaks down below the support trend line of this ascending triangle, there will be an extra downside push toward the $10500 region which was a broken resistance that is now becoming the support
Yep the update frequency has dropped but the ideas shared have been pretty valid. Our bearish bias has seen fruits with Bitcoin currently trading under $11,300 from the highs of $12,000. It's not important to catch every move. Preserving capital and investing in the right move matters. Don't over exert yourselves trying to wrap your head around charts. Patiently wait for the price to come towards your entry