altseason vs bitcoinseason43400 extremely close.
Then probably a dangerous situation will begin with a game up to 20k. Nobody wants to buy bitcoin at 40-50 if forecasts are high at 100. It's just x2. Big players are not very interested in this(for purchases without leverage).
Conclusion - we either go to altcoins (altseason), or drop the price for a comfortable entry (bitcoin season)
We see that we are at a critical level. Expected to be on cusp of next upside momentum, BUT you can see that trusts are on sale and for a reason. As well as news that #grayscale want to add coins that have already greatly increased in value.
Companies are required to make a SELL in order to take profits. This means that if you bought bitcoin for $3k, and it costs $ 50k, the profit will be fixed only from the sale. (Hello to all hodlers)
Now main job of a good trader is patience training. It is better to buy at a slightly higher price during growth than to buy at a slightly higher price during fall.
Good luck!
Altcoinseason
Ethereum 30% correction? Time to Take Profit? Target $1.400?Ethereum has been performing very well for four (4) weeks.
With $2k having been cracked I expect Ethereum will take another breather next week and retrace.
Have a look at the possible downward trend scenario to about $1.400k over the next weeks.
The fib retracements match very nicely the possible landing zones. The 0.618 retracement is a perfect 30% retracement landing zone.
If you analyze crypto assets you notice that 30% corrections are often a natural process and are often met very precisely (more on that in another idea).
While Ethereum has been holding quite well it did already have such such a throwback in January (remember?) 2021 .
If you don't believe that Ethereum is about to trace back, do you favor another uptrend to above $2k?
What is the probability? Ethereum is kind of eating itself with reaching new ATHs.
The network fees are absolutely ridiculous and more uptrend now will only dampen DeFi projects success until Level 2 layer solutions can be put into place to lower the fees.
It feels counterintuitive that Ethereum is not exploding now after it was able to pass $2k, but if you look at the movements over the last couple of days / weeks it's move have been rather cautious (while steady).
Long story short. Whatever your strategy with Ethereum ( ETH ) watch out for a potential retracement this coming week or thereafter.
PS Go ahead and stretch the chart up/down and sideways to zoom in and out.
The upper Bollinger Band level is a good indicator for failing support. So if BTC would break that level downwards it is a clear signal it will go down further.
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HEGIC Parallel Channel Opportunity for 2xHEGIC is in a 4 hour parallel channel and it appears it is reaching the bottom of it.
Hence it has potential for the next upward swing, which if it follows through could mean a 2x on your investment.
The chart is showing the HEGIC € value (for my EUR view trading purposes).
Hegic has tremendous potential as it provides a platform for on-chain peer-to-pool options trading built on Ethereum.
Hegic protocol just may be a pioneer for peer-to-pool approach to options trading.
The project being like an AMM (automated market maker) for options leaves HEGIC with great upwards potential as with more users on the platform the price will continue to rise.
Keep in mind the wild swings for this assets and the associated risk.
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ACCUMULATION FOR $REEF AND BUY MORE !!! NEXT MONTHS ATH !!!When everyone is selling and there is blood in the streets... Then you have to buy! I'm not going to sell a single $REEF even if it drops 100%, Hodl and Buy more!!!! Long Term for #REEF #ReefFinance
Venus (XVS) DeFi Play on Binance Smart Chain (BSC)Hi Folks,
after a longer period of focusing on my trading I am back with some ideas (see also the similar post on CAKE - PancakeSwap linked below).
Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees.
Venus is a Binance Smart Chain-based DEX (decentralized exchange). I wasn't really aware of it until the recent Binance Coin (BNB) and XVS price surges. .
I have produced these four views on Venus for you to use / copy if you'd like.
Top left is the USD chart. XVS has lost 30% of its value and if you believe in it being currently the better (way less expensive) exchange solution compared to UNI, MAKER, SUSHI & COMP then this just may be a good time to start or extend your position.
Bottom left is the EUR chart.
Top right is the Venus vs. Uniswap (UNI) ratio. This ratio shows that Venus has been losing value against UNI, but it appears a support level may be forming for it to attack UNI again. At the time of writing this a level that seemed to be stable was crossed. To be watched.
Bottom right the same style ratio with SushiSwap (SUSHI), same view as on UNI. Looks like a support level is forming.
Venus is number 5 in the dappradar rankings in terms of total balance and has had a steady but bumpy growth in terms of volume, users and transactions over the last 30 days.
With Bitcoin likely taking a breather today and tomorrow below $60k and only maybe sneaking up to $60k next week there seems to be a likelihood that the overall market will be drawn down as well.
It may also be the time for altcoins to shine and may give Venus (XVS) an opportunity to catch up with UNI and have a fantastic gain.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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ETHBTC (Ethereum/Bitcoin) Daily Trade Setups 2021/02/19Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins!
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Short Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to bounce down from the 200MAs and close below 0.0372.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/17Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below!
And don’t forget to check out my daily analysis on Bitcoin!
Market Overview
Price Action: ETH has been struggling to break the ATH @ $1872, and has spent the last few days retracing and consolidating. Let's see if BTC breaking above $50K can lift ETH up as well to finally reach $2K.
Chart Patterns: N/A
Areas of Interest: The area(s) of interest for me are the ATH @ $1872. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $1872 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $1872, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
My Recent Trades
2021/02/08: I had a winning trade! I entered a short @ $1,605.00, with Stop Loss @ $1,628.14, and price reached a low of $1,563.9, giving a risk reward ratio of 1.8:1.
2021/02/04: I took two trades, one winning trade and one losing trade. I first took a long @ $1,645.0 which hit SL @ $1,583.3. I then took a long @ $1,614.4 with a SL @ $1,596.5, and price reached a high of $1,623.3, giving a risk reward ratio of 0.6:1. 2021/01/30: I had a winning trade! I entered a long @ $1370.5, with Stop Loss @ $1352.3, and price reached a high of $1390, giving a risk reward ratio of 1.1:1.
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
Altcoin season hasn't even started yet.So if we look at the historical Altcoin total marketcap minus BTC marketcap, we can see that we are still below
the ATH of late 2017/early 2018.
We can also see a nice cup pattern in both cases, and once it goes over the old ATH, it starts accelerating.
Therefore, the current rise cannot even yet be classified as Altcoin season.
Looking at the current cup structure, it should start very soon though, in the next weeks to maximum 2 months. I would be really surprised if not.
Only if we surpass the old ATH of total altcoin marketcap, will we see the really insane pumps beginning, because until now, these were really just
small pumps. Brace yourselves :)
DOTUSDT (Polkadot) Potential PumpI just embarked on a journey to create custom trading strategies for major alts. I’m just sharing one of the analysis that I’m doing during this journey. I have not yet formed a consistent strategy, so this is merely for social sharing purposes and not meant as a trading signal or financial/trading/investment advice.
TOTAL2 Altcoin Market Cap RSI MACD Double DivergenceIt is really important to respect RSI MACD divergences since they most likely are working and showing you the way before it happens, also this situation happens at the exact 1.618 fibonacci extension level it is hard break through and the new trend's degree was quite high, so I am expecting a correction to the latest trend level drawn on the chart, the purple drawing shows the prediction of movement. I am keeping my positions open ( not futures ) , but I am aware that this is a possible scenario but eventually it will be the buying opportunity at it's best after the correction.
Potential Parabolic Curve FormingThere's a potential parabolic curve forming on the NANO:USD chart.
Another touch and jump off of the curve would strengthen the validity of this formation and help more accurately project the upcoming price targets on its run.
It would most importantly indicate we are going to see a lot of rapid movement upwards with short breaks of a couple days or at most weeks in between.
Bitcoin followed along a parabolic curve breached it and continued to rally further to 47k after having a drop. We can potentially see the same outcome with BINANCE:NANOUSDT if we end up going on a parabolic run.
Either way NANO has incredible fundamentals and a promising future ahead. HODLing BINANCE:NANOUSDT to the top.
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/11Hi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
I will be sharing the trades that I take in real time, follow to see how my trades work out!
Also check out my daily analysis on Bitcoin!
Market Overview
Price Action: After hitting a new ATH @ $1838, ETH retraced a bit and is now knocking at ATHs again ready for a potential explosive breakout.
Chart Patterns: N/A
Areas of Interest: The area(s) of interest for me are the ATH @ $1838. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time.
Trade Setups
Below are the potential trade setups that I would be interested in trading:
Long Trade Setup #1: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $1838 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $1838, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
My Recent Trades
2021/02/08: I had a winning trade! I entered a short @ $1,605.00, with Stop Loss @ $1,628.14, and price reached a low of $1,563.9, giving a risk reward ratio of 1.8:1.
2021/02/04: I took two trades, one winning trade and one losing trade. I first took a long @ $1,645.0 which hit SL @ $1,583.3. I then took a long @ $1,614.4 with a SL @ $1,596.5, and price reached a high of $1,623.3, giving a risk reward ratio of 0.6:1. 2021/01/30: I had a winning trade! I entered a long @ $1370.5, with Stop Loss @ $1352.3, and price reached a high of $1390, giving a risk reward ratio of 1.1:1.
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
Why Follow Me
Daily analysis on the latest market movements and price zones for high probability trade setups.
Sharing of live trades that I take.
A great place to help each other, learn from each other, and grow together.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!