$DOT / USDT observation
Just looking at pairs of coins having similar price movements. I have already shared an importable Binance watchlist. It is amusing to watch one coin move and another to quickly follow along. Notice how both charts basically superimpose each other all through. A divergence is a possible opportunity.
https://www.tradingview.com/x/2hTKzc2H/
Just looking at pairs of coins having similar price movements. I have already shared an importable Binance watchlist. It is amusing to watch one coin move and another to quickly follow along. Notice how both charts basically superimpose each other all through. A divergence is a possible opportunity.
https://www.tradingview.com/x/2hTKzc2H/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$BTC / USDT Daily The close tonight is going to be crucial for further movements. My earlier trade idea stands. This is probably the best Risk reward you will get on bitcoin for the next 12 to 18 months. The expected time duration for this trade also heavily…
$BTC / USDT Update
Bang on!
We basically scooped the bottom and are currently up about 17% just by a spot position. That took under 3 days. While people are fearful and go short expecting $15,000 we push the gas and make money!
https://www.tradingview.com/x/C8BYrUjk/
Bang on!
We basically scooped the bottom and are currently up about 17% just by a spot position. That took under 3 days. While people are fearful and go short expecting $15,000 we push the gas and make money!
https://www.tradingview.com/x/C8BYrUjk/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$ETH / USDT 4h First thing to look at is stable EMA. That basically sums up how boring and sideways the market has been. Yet, Ether has a long way to go with a strong close tomorrow. I'm looking for longer TF plays here as I see massive consolidation. This…
$ETH / USDT Update
Don't get fooled by the leverage trading channels shouting 100% PNLs.
We are doing less risky and mindful trades. ETH spot position up by 27.32% in 3 days.
Who said spot trading doesn't make money?
https://www.tradingview.com/x/FaqkXNZ8/
Don't get fooled by the leverage trading channels shouting 100% PNLs.
We are doing less risky and mindful trades. ETH spot position up by 27.32% in 3 days.
Who said spot trading doesn't make money?
https://www.tradingview.com/x/FaqkXNZ8/
Market unstable. Get out of your bags.
Scalper did well yesterday :)
Scalper did well yesterday :)
$BTC / USDT Update
Phew that was intense. We made a sensible move to sit on the sidelines. I'm gutted I didn't short this move. Probably because I see more bullish movement in the mid and long term to risk a short term short play.
Couple important takeaways from the chart. We are still under the weekly 21 and 34 which have now turned into resistance levels. A close below the white support line will further bash bullish momentum and could lead to some bearish strength. The fear and greed index is touching the liquidity hunt levels of May. I still prefer to sit out and wait for a confirmation before jumping in.
Don't burn your balance now and have nothing to trade when the time is right.
https://www.tradingview.com/x/3QsO0Z4k/
Phew that was intense. We made a sensible move to sit on the sidelines. I'm gutted I didn't short this move. Probably because I see more bullish movement in the mid and long term to risk a short term short play.
Couple important takeaways from the chart. We are still under the weekly 21 and 34 which have now turned into resistance levels. A close below the white support line will further bash bullish momentum and could lead to some bearish strength. The fear and greed index is touching the liquidity hunt levels of May. I still prefer to sit out and wait for a confirmation before jumping in.
Don't burn your balance now and have nothing to trade when the time is right.
https://www.tradingview.com/x/3QsO0Z4k/
$BTCUSDT Update
Price bounced off the yellow zone after a few attempts.
I haven't put up many posts lately. It just doesn't make sense to put out analysis that doesn't give out information. Here, we see good reaction from BTC and are currently moving to a higher level if these levels continue to hold.
What's exciting is the Fear greed index is still pretty low and could be an early indicator for reversal.
https://www.tradingview.com/x/7WJE2G8c/
Price bounced off the yellow zone after a few attempts.
I haven't put up many posts lately. It just doesn't make sense to put out analysis that doesn't give out information. Here, we see good reaction from BTC and are currently moving to a higher level if these levels continue to hold.
What's exciting is the Fear greed index is still pretty low and could be an early indicator for reversal.
https://www.tradingview.com/x/7WJE2G8c/
$EOSUSDT Bluechip
I rarely make concentrated bets on tokens but the last time we did it with BNB at $6, you know how it turned out.
Block.One isn't here to bullshit. They have an idea will surely make it work. EOS has tremendous potential if the market isn't as boring as it has been in the last two weeks.
https://www.tradingview.com/x/mF2Jb6Lf/
I rarely make concentrated bets on tokens but the last time we did it with BNB at $6, you know how it turned out.
Block.One isn't here to bullshit. They have an idea will surely make it work. EOS has tremendous potential if the market isn't as boring as it has been in the last two weeks.
https://www.tradingview.com/x/mF2Jb6Lf/
25% of all ETH is locked in smart contracts
The percentage of Ether locked in decentralized finance smart contracts has reached an all-time high of 25%, around the same percentage as the last all-time high in 2016, except today that Ether is worth $63 Billion as opposed to $23 Million 5 years ago.
The narrative of Ethereum becoming the decentralized financial layer of the internet grows stronger as the amount of ETH in smart contracts rises to all-time highs, we’re keeping an eye on where that number goes from here as more than a quarter of Ethereum’s token supply is deposited into smart contracts.
On June 25, Ethereum will face its largest options expiry in 2021 as $1.5 billion worth of options contracts will be settled.
An “options expiry” is just the last date before an option expires. Before this date, its owners can choose to exercise the option, close the position to take the profit or loss, or let the contract expire worthless.
The percentage of Ether locked in decentralized finance smart contracts has reached an all-time high of 25%, around the same percentage as the last all-time high in 2016, except today that Ether is worth $63 Billion as opposed to $23 Million 5 years ago.
The narrative of Ethereum becoming the decentralized financial layer of the internet grows stronger as the amount of ETH in smart contracts rises to all-time highs, we’re keeping an eye on where that number goes from here as more than a quarter of Ethereum’s token supply is deposited into smart contracts.
On June 25, Ethereum will face its largest options expiry in 2021 as $1.5 billion worth of options contracts will be settled.
An “options expiry” is just the last date before an option expires. Before this date, its owners can choose to exercise the option, close the position to take the profit or loss, or let the contract expire worthless.
An “options expiry” is just the last date before an option expires. Before this date, its owners can choose to exercise the option, close the position to take the profit or loss, or let the contract expire worthless.
We can see that the call/put ratio is pretty even (1.24) which tells us that the bulls and bears are in a tight race that’s too close to call right now. Historically, options expiries have affected the prices significantly, last options expiry in March, Ether dropped 17% in five days.
However, after the initial drop, Ether rallied 56%, reaching $2,500 within three weeks. It’s important to keep in mind the other factors at play in the market and not just take into account a single event. The last options expiry in March was preceded by negative headlines about miners and gas, which could have played a role in Ethereum’s drop last time. We’re watching to see if a similar scenario plays out.
Source Twitter
We can see that the call/put ratio is pretty even (1.24) which tells us that the bulls and bears are in a tight race that’s too close to call right now. Historically, options expiries have affected the prices significantly, last options expiry in March, Ether dropped 17% in five days.
However, after the initial drop, Ether rallied 56%, reaching $2,500 within three weeks. It’s important to keep in mind the other factors at play in the market and not just take into account a single event. The last options expiry in March was preceded by negative headlines about miners and gas, which could have played a role in Ethereum’s drop last time. We’re watching to see if a similar scenario plays out.
Source Twitter
This media is not supported in your browser
VIEW IN TELEGRAM
Many major mining companies are closing operation in China following the government orders.
Massive drop in hashrate expected.
Massive drop in hashrate expected.
First off, I'm extremely sorry about being inactive for the past week. Probably the longest duration without a post on channel. The honest answer, I was under a ton of uni work and exam preps that I could barely trades.
Regardless, this platform is just a personal journal of my journey as a traders and educational resource to thousands. I'll try and make up for it with this detailed analysis covering all the major happenings in the past 10 days.
Pin up the channel so you don't miss out and make sure your notifications are turned on!
Regardless, this platform is just a personal journal of my journey as a traders and educational resource to thousands. I'll try and make up for it with this detailed analysis covering all the major happenings in the past 10 days.
Pin up the channel so you don't miss out and make sure your notifications are turned on!
$BTC/USDT In-depth Analysis
Chart, EMAs and SR levels
Focus area is the red box near the $35,XXX range. We have a weekly resistance from EMA 34 weekly and the bottom of the box is guarded by the 100 daily EMA. Crucial levels to be tested and need to be broken for a stronger confirmation of reversal. Price currently testing the 100 EMA level. Might see a rejection if volume is not significant.
Second focus is the wide dash green line. A strong support is built here and is corresponding to both the 4h and 1D SR levels. This might serve as the bottom of a new range. We got a TD9 early reversal confirmation on 26 June but I wouldn't mind entering the move a little late to reduce downside risk.
Third are the minor resistance levels from the 4h chart which could give scalpers a rough idea of ranges to play in. The red daily level plotted are potential targets for this move and I expect some healthy pullback from those pricelines.
https://www.tradingview.com/x/jFJGidYw/
Chart, EMAs and SR levels
Focus area is the red box near the $35,XXX range. We have a weekly resistance from EMA 34 weekly and the bottom of the box is guarded by the 100 daily EMA. Crucial levels to be tested and need to be broken for a stronger confirmation of reversal. Price currently testing the 100 EMA level. Might see a rejection if volume is not significant.
Second focus is the wide dash green line. A strong support is built here and is corresponding to both the 4h and 1D SR levels. This might serve as the bottom of a new range. We got a TD9 early reversal confirmation on 26 June but I wouldn't mind entering the move a little late to reduce downside risk.
Third are the minor resistance levels from the 4h chart which could give scalpers a rough idea of ranges to play in. The red daily level plotted are potential targets for this move and I expect some healthy pullback from those pricelines.
https://www.tradingview.com/x/jFJGidYw/
Important dates
Its an open secret that Grayscale was the one who propped the price of bitcoin back up especially in the last 12 months with their excessive buying and market dominance. They hold about 3% of the total supply.
Now 17 July or 18 July, depending on where you live is probably the most important day as they unlock close to 16,000 bitcoins. This could lead to a cascading effect on the price of bitcoin and the larger market. I'm planning to exit most of my positions a day or two before the unlock and just sit with capital on the sidelines. If it holds the price, great, its a confirmation of people's confidence. If it starts crashing, I short it to the bottom. Simple as you like.
https://www.tradingview.com/x/Ull5sJuO/
Its an open secret that Grayscale was the one who propped the price of bitcoin back up especially in the last 12 months with their excessive buying and market dominance. They hold about 3% of the total supply.
Now 17 July or 18 July, depending on where you live is probably the most important day as they unlock close to 16,000 bitcoins. This could lead to a cascading effect on the price of bitcoin and the larger market. I'm planning to exit most of my positions a day or two before the unlock and just sit with capital on the sidelines. If it holds the price, great, its a confirmation of people's confidence. If it starts crashing, I short it to the bottom. Simple as you like.
https://www.tradingview.com/x/Ull5sJuO/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$BTC/USDT In-depth Analysis Chart, EMAs and SR levels Focus area is the red box near the $35,XXX range. We have a weekly resistance from EMA 34 weekly and the bottom of the box is guarded by the 100 daily EMA. Crucial levels to be tested and need to be broken…
$BTC/USDT Update
As predicted, the price did face resistance near the red box and under crucial EMAs. The next few days can be messy as we are in the C wave of an ABC correction pattern within the larger wave 4 correction. Usually these moves are like the teeth of a crocodile.
Be patient and let the moves play out and give us clear signs of reversal.
Click on the link for TA
https://www.tradingview.com/x/ZMEweeYz/
As predicted, the price did face resistance near the red box and under crucial EMAs. The next few days can be messy as we are in the C wave of an ABC correction pattern within the larger wave 4 correction. Usually these moves are like the teeth of a crocodile.
Be patient and let the moves play out and give us clear signs of reversal.
Click on the link for TA
https://www.tradingview.com/x/ZMEweeYz/
I often get asked about my learning as a cryptocurrency trader. I'm assuming about 98% would say they are self-taught traders, and it's understandable because of the sheer lack of good educators out there. Don't get me wrong; the internet has SO much to offer, you forget what to look for. You'll need laser focus and probably will get exhausted without a mentor.
Back in 2016, when I barely knew a thing about the market, I met this man with over ten years of experience in financial markets, and to date is my guru. You cannot fight the market by yourself as a newbie. You NEED a mentor, and if there's someone, I would suggest is the man behind my success. This chart is 15 min, and any smaller would immediately know it's a gold mine with the perfect trend lines.You can access this for FREE for a week!
Live Chart : https://bit.ly/3A3MGRo
Note: Live chart needs to be refreshed and you'll get realtime updates.
We Hashed Plutus do not offer any paid services, but this is probably the best external learning resource we could recommend.
In the link below, you'll find a subscription plan to access his training which covers everything about the market updated daily. And I tell you it's totally worth it. You'll learn more by just watching his video explainers every day than you would have by reading a 10,000-word article.
Link to WinXSell Videos and Education: LectumBot
Back in 2016, when I barely knew a thing about the market, I met this man with over ten years of experience in financial markets, and to date is my guru. You cannot fight the market by yourself as a newbie. You NEED a mentor, and if there's someone, I would suggest is the man behind my success. This chart is 15 min, and any smaller would immediately know it's a gold mine with the perfect trend lines.You can access this for FREE for a week!
Live Chart : https://bit.ly/3A3MGRo
Note: Live chart needs to be refreshed and you'll get realtime updates.
We Hashed Plutus do not offer any paid services, but this is probably the best external learning resource we could recommend.
In the link below, you'll find a subscription plan to access his training which covers everything about the market updated daily. And I tell you it's totally worth it. You'll learn more by just watching his video explainers every day than you would have by reading a 10,000-word article.
Link to WinXSell Videos and Education: LectumBot