Binance is taking a hit again
Okay here's a watchlist I'm zeroing into. The next 48 hours are gonna be pretty busy and I doubt I'll get the time to put out charts for them individually. All of them are healthy coins you can scalp/swing.
ZEC
Buy - $88 (Now)
Targets - $102+
SL - 6%
BTC
Buy - $12,000 to $12,100
Target -$12,850
SL - $11830
SXP
Buy -$3.05 to $3.17
Target - $4.17
SL- $2.67
ZEC
Buy - $88 (Now)
Targets - $102+
SL - 6%
BTC
Buy - $12,000 to $12,100
Target -$12,850
SL - $11830
SXP
Buy -$3.05 to $3.17
Target - $4.17
SL- $2.67
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Okay here's a watchlist I'm zeroing into. The next 48 hours are gonna be pretty busy and I doubt I'll get the time to put out charts for them individually. All of them are healthy coins you can scalp/swing. ZEC Buy - $88 (Now) Targets - $102+ SL - 6% BTC…
Here's what happened.
As predicted Bitcoin came down to our price nose diving about $400. Still a great entry for long term
SXP pumped from entry to $3.9 almost there.
ZEC took a hit.
Plan ahead:
Sideways
As predicted Bitcoin came down to our price nose diving about $400. Still a great entry for long term
SXP pumped from entry to $3.9 almost there.
ZEC took a hit.
Plan ahead:
Sideways
https://www.tradingview.com/x/LJKmALPy/
BTCUSDT 4H Analysis
We have seen a healthy correction from $12,400 peaks currently trading about 7% lower. Give the white 21 EMA a look. Significant drop after failing to breach it. We saw the same on numerous occasions. If you plan to long I recommend waiting until we break through. Current major support stands at $11471 which seems more likely to be tested in the next 8 to 12 hours.
BTCUSDT 4H Analysis
We have seen a healthy correction from $12,400 peaks currently trading about 7% lower. Give the white 21 EMA a look. Significant drop after failing to breach it. We saw the same on numerous occasions. If you plan to long I recommend waiting until we break through. Current major support stands at $11471 which seems more likely to be tested in the next 8 to 12 hours.
https://www.tradingview.com/x/0yNnGkN9/
OMGUSDT spike
You know the rest.
PXI picked up a trade which peaked at 484% in profit while still open at around 262% green.
Hashedplutus.com is where you will find this puppy!
OMGUSDT spike
You know the rest.
PXI picked up a trade which peaked at 484% in profit while still open at around 262% green.
Hashedplutus.com is where you will find this puppy!
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
https://www.tradingview.com/x/LJKmALPy/ BTCUSDT 4H Analysis We have seen a healthy correction from $12,400 peaks currently trading about 7% lower. Give the white 21 EMA a look. Significant drop after failing to breach it. We saw the same on numerous occasions.…
https://www.tradingview.com/x/AmjisZAj/
Sharp growth as expected on breaking through the 21 EMA. Taking profits here is a must. We might go all the way to $12,00 but no one ever got poor by taking profits.
Sharp growth as expected on breaking through the 21 EMA. Taking profits here is a must. We might go all the way to $12,00 but no one ever got poor by taking profits.
https://charts.cointrader.pro/snapshot/eN0X2
Bitcoin Dominance as the tools of identification
A lot of people don't watch this action as a potential bounce action for the bitcoin dominance level. We've seen that the dominance has already had its downside movement with the further pushes toward the down side. But also, people forget about what level it's now. There are 3 important levels that can be a confluence reasons for the dominance to have its bounce. There are the lower line of the downside channel, major support trend line, and the Horizontal support zone. The dominance is now trending above all of this crossing point. At the mean time, we can see a potential push toward the 64% of dominance.
During the potential of dominance bounce, we see scenarios that may become a very significant moves.
1. We might see a potential downside moves on the whole crypto market, either it's in the bitcoin or in the altcoin market.
2. We might see a potential upside moves for bitcoin market as there will be a huge money inflow and the altcoins market will have its move against bitcoin.
3. Both bitcoin and altcoin markets are having the upside moves, similar with the previous action on 2017 where most of the crypto markets reached their ATH and a very bullish overall.
Based on all scenario, I see that scenario 3 is the scenario that is likely to happen in the future. The main reason is that the bullish structure of current bitcoin's price and look at how the positive sentiment work on almost all altcoins.
Bitcoin Dominance as the tools of identification
A lot of people don't watch this action as a potential bounce action for the bitcoin dominance level. We've seen that the dominance has already had its downside movement with the further pushes toward the down side. But also, people forget about what level it's now. There are 3 important levels that can be a confluence reasons for the dominance to have its bounce. There are the lower line of the downside channel, major support trend line, and the Horizontal support zone. The dominance is now trending above all of this crossing point. At the mean time, we can see a potential push toward the 64% of dominance.
During the potential of dominance bounce, we see scenarios that may become a very significant moves.
1. We might see a potential downside moves on the whole crypto market, either it's in the bitcoin or in the altcoin market.
2. We might see a potential upside moves for bitcoin market as there will be a huge money inflow and the altcoins market will have its move against bitcoin.
3. Both bitcoin and altcoin markets are having the upside moves, similar with the previous action on 2017 where most of the crypto markets reached their ATH and a very bullish overall.
Based on all scenario, I see that scenario 3 is the scenario that is likely to happen in the future. The main reason is that the bullish structure of current bitcoin's price and look at how the positive sentiment work on almost all altcoins.
charts.cointrader.pro
CoinTrader.Pro Chart Viewer
charts.cointrader.pro allows you to make TradingView charts of all possible cryptocurrencies for free.
I usually don't send channel recommendations but today is a little quirky suggestion.
@rektplebs
This is a channel where they post recently rekt people and their forwards. Not something to enjoy but a learning lesson. I'll be honest here. I too make bad trades, we all do. But this channel lately has stopped me from making insane trades making me realise what I stand to lose. Just go through this before you push that buy order and think twice. There are people that rely on you.
@rektplebs
This is a channel where they post recently rekt people and their forwards. Not something to enjoy but a learning lesson. I'll be honest here. I too make bad trades, we all do. But this channel lately has stopped me from making insane trades making me realise what I stand to lose. Just go through this before you push that buy order and think twice. There are people that rely on you.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
ETHUSDT There is a possible bearish bat pattern formation on ETHUSD . Key resistance levels to watch are 400 and 415. Ethereum should break the current 392 resistance with a stronger impulse to advance to 415, if that doesn't happen it might continue the…
ETH followed!
Time to cash in profits
Time to cash in profits
Forwarded from RJ
Powell coming up in a few min
https://www.youtube.com/watch?v=Eig-NOwTpbo
https://www.youtube.com/watch?v=Eig-NOwTpbo
YouTube
Jackson Hole Economic Policy Symposium
The Jackson Hole Symposium has provided public transparency since the first session in 1978. Representatives from the news media have been in the room with full access to the program and participants, and a transcript of the symposium papers and discussion…
Forwarded from RJ
Powell speech recap
As planned, Federal Reserve Chairman J Powell announced changes to the Fed's monetary policy in his speech at Jackson Hole today. The first 20 minutes were mostly small talk and history lessons so I won't go into that.
A few minutes before 9:30 NYC Powell stated that the Fed recognizes the value in "average inflation target" and will adopt that as monetary approach for the foreseeable future with a target set at 2%. The market anticipated this approach of "relaxed inflation" and the 2% target so it was priced in for the short term.
The first important note is that Powell did not set any boundaries for how high or low inflation can go before the FOMC wants to take actions. The new policy is deliberately vague and unformalized which means inflation can rise above or below 2% for a period of time without the immediate need for them to take actions. This allows for a more healthy development in the economy and impact of employment rates. They will be able to keep economic stimulus in place for longer periods of time because the deviation from the average target can be compensated at a later stage.
Additionally Powell mentioned a shift in how employment rates are assessed with a (quote) more "broad-based and inclusive goal". This means the FOMC will look more at the low-income labour force instead of only at the aggregate unemployment rate.
What to expect from here? The unemployment rates are still elevated due to the pandemic and keep inflation rates pinned down. This pushes CBs to continue accommodative monetary policies and the average inflation target means they will be more free to do so.
- Personal interpretation and impact on the market
As stated this is what the market expected, nothing more and nothing less. When expectations are met but the hype is high there often follows a short term sell-off. The fake-out during the speech was a classic retail trap event to lure in some unknowing breakout traders thinking something special happened when it didn't.
On the longer term this allows the Fed (and other CBs will likely follow) to implement accommodative policies more easily because there is no longer a strict bound. They just want to meet the average target on the longer term and won't directly interfere with the market on each fluctuation. Overall a healthier policy for the markets and still bullish Gold and equities for the longer run.
Do note that this relaxed inflation works both ways. In case of another liquidity crisis and Dollar run the Fed may be more reluctant to jump in and will let it run its course for a bit, leading to potentially violent swings.
As planned, Federal Reserve Chairman J Powell announced changes to the Fed's monetary policy in his speech at Jackson Hole today. The first 20 minutes were mostly small talk and history lessons so I won't go into that.
A few minutes before 9:30 NYC Powell stated that the Fed recognizes the value in "average inflation target" and will adopt that as monetary approach for the foreseeable future with a target set at 2%. The market anticipated this approach of "relaxed inflation" and the 2% target so it was priced in for the short term.
The first important note is that Powell did not set any boundaries for how high or low inflation can go before the FOMC wants to take actions. The new policy is deliberately vague and unformalized which means inflation can rise above or below 2% for a period of time without the immediate need for them to take actions. This allows for a more healthy development in the economy and impact of employment rates. They will be able to keep economic stimulus in place for longer periods of time because the deviation from the average target can be compensated at a later stage.
Additionally Powell mentioned a shift in how employment rates are assessed with a (quote) more "broad-based and inclusive goal". This means the FOMC will look more at the low-income labour force instead of only at the aggregate unemployment rate.
What to expect from here? The unemployment rates are still elevated due to the pandemic and keep inflation rates pinned down. This pushes CBs to continue accommodative monetary policies and the average inflation target means they will be more free to do so.
- Personal interpretation and impact on the market
As stated this is what the market expected, nothing more and nothing less. When expectations are met but the hype is high there often follows a short term sell-off. The fake-out during the speech was a classic retail trap event to lure in some unknowing breakout traders thinking something special happened when it didn't.
On the longer term this allows the Fed (and other CBs will likely follow) to implement accommodative policies more easily because there is no longer a strict bound. They just want to meet the average target on the longer term and won't directly interfere with the market on each fluctuation. Overall a healthier policy for the markets and still bullish Gold and equities for the longer run.
Do note that this relaxed inflation works both ways. In case of another liquidity crisis and Dollar run the Fed may be more reluctant to jump in and will let it run its course for a bit, leading to potentially violent swings.
Setups coming in a few minutes. Pin the channel to the top and unmute it to get instant updates
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
https://www.tradingview.com/x/LJKmALPy/ BTCUSDT 4H Analysis We have seen a healthy correction from $12,400 peaks currently trading about 7% lower. Give the white 21 EMA a look. Significant drop after failing to breach it. We saw the same on numerous occasions.…
https://www.tradingview.com/x/WV3bL9gR/
BTCUSDT
The simple EMA strategy discussed eariker on this channel played the magic. No fancy TA, simple short above 21 ema and short below.
A rather ambitious short with a very high RR opened yesterday following the pump from Powell's speech. This might take a few days but worth holding on.
You're welcome mashers!
BTCUSDT
The simple EMA strategy discussed eariker on this channel played the magic. No fancy TA, simple short above 21 ema and short below.
A rather ambitious short with a very high RR opened yesterday following the pump from Powell's speech. This might take a few days but worth holding on.
You're welcome mashers!
https://www.tradingview.com/x/f8GKLK3t/
EOSUSDT
Everything is right in front of you. Assuming you picked up all of the last 7 trades, with just spot positions, the biggest win a +31.33% and the biggest loss? -5.29%.
6/7 managed to grab profits.
Summing it up,
Total PnL in 7 trades : 59.51% ( check the math yourself)
That's PXI for you.
hashedplutus.com is where you need to go. Now!
EOSUSDT
Everything is right in front of you. Assuming you picked up all of the last 7 trades, with just spot positions, the biggest win a +31.33% and the biggest loss? -5.29%.
6/7 managed to grab profits.
Summing it up,
Total PnL in 7 trades : 59.51% ( check the math yourself)
That's PXI for you.
hashedplutus.com is where you need to go. Now!
https://www.tradingview.com/x/nvxTwsWz/
BTCUSDT
Playing between the lines. The 4h plotted out a nice long on PXI and the close above 21 EMA confirmed the move. Small scalp to play for interest traders. Now the price is peaking around so I have set limits over the mentioned levels.
BTCUSDT
Playing between the lines. The 4h plotted out a nice long on PXI and the close above 21 EMA confirmed the move. Small scalp to play for interest traders. Now the price is peaking around so I have set limits over the mentioned levels.
https://www.tradingview.com/x/DWkV9QyK/
$BATUSD
PXI users are already in the long position and also managed to pick up the massive short last week. BAT in general looks bullish here. Testing the 0.382 level and breaking above the 0.5 can send this all the way up. Bear in mind it's a higher TF here do it can take a few days to achieve all targets.
$BATUSD
PXI users are already in the long position and also managed to pick up the massive short last week. BAT in general looks bullish here. Testing the 0.382 level and breaking above the 0.5 can send this all the way up. Bear in mind it's a higher TF here do it can take a few days to achieve all targets.