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Polkadot a possible revisit to the 40$ resistanceHello everyone, as we all know the market action discounts everything :)
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Dot was able to find solid ground after the flash crash that happened last week, where most coins were finding it hard to stabilize dot was able to bounce right back up.
and the Dot Chart gave us a sign with an RSI divergence warning us about the drop.
Possible Scenarios for the market :
Scenario 1 :
The market is trending at 32.31 and it's nearing the first resistance level at 33.00, The buyers are showing a lot of strength so there should be no problem breaking out that level. The main battle will be at the second resistance line at 34.43 that's where we get our confirmation of the market is going back to the 40$ level.
IF the Bulls were able to win and keep control over the market then the price will reach 36.79 in the next few days and will be headed to the 40$ resistance.
Scenario 2 :
After the market reaches the second resistance line at 34.43 the Bears will try with all their might to take control over the market and drop the price down. By doing so the price will drop near the first support line at 29.20 where a possible bounce will happen that could drive the price back on track up.
Technical Indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign).
2) The RSI at 59.62 showing great strength in the market and giving us a buy signal.
3) The ADX is at 29.27 showing that the market is trending, With a positive crossover between DI+ (20.48) and DI- (18.69)
Support & Resistance points :
support Resistance
1) 29.206 1) 33.000
2) 26.847 2) 34.433
3) 25.413 3) 36.793
Fundamental point of view :
Polkadot (DOT) is a native token of Polkadot protocol — a solution aimed to bring interoperability into the world of blockchain, providing the way to connect public and private chains, oracles, and other developments in the crypto space into a united web. The development of Polkadot started in 2016, and the network itself launched in May 2020. Gavin Wood, a former CTO of Ethereum, is among its founders.
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Funding will go toward accelerating SubQuery’s technical and community roadmap.
SubQuery is a decentralized data aggregation, indexing, and querying layer providing functionality between layer 1 blockchains and decentralized applications (dapps). The platform seeks to enhance user access to decentralized blockchain data by creating a marketplace for data indexing and provisioning.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
BTC.D : important levelhi all
,Bitcoin Dominance is now at the support of 40% area. There is also a downtrend line which is working as a resistance on daily time frame.
Now there are two possible cases:
The first case is Bitcoin dominance break 40% support level and go down. In this case we will see good rally in altcoins.
The second case is Bitcoin dominance bounce from 40% support and form a double bottom pattern. Dominance will then head towards 50% resistance area. In this case we will see sideways movement or downward movement in altcoins.
Use stop loss in all your altcoin position and keep an eye on dominance.
BTC/USD Decision Level, Up or Down? BTC/USD Decision Level - Will it go up (Repeat 2013)? Or Down?
Since BTC has broke resistance at $50k USD, the big question on everyone's mind is, will this bull run continue and repeat the double run of 2013? Or is this just a retrace before BTC goes lower? Here is my take of the chart action unfolding now ...
My take on why it might go lower:
- Smart money likes to take advantage of the holidays in the worlds largest economy, aka. Memorial Day in the USA. A common trick of Market Makers is to move the price one direction right before a holiday when markets will be closed for an extended period, only to whip the price the opposite direction on market open the following week. Reason for this is they want to trigger peoples stop-losses or buy/sell orders at common psychological numbers (aka $50k USD) and trap them in a bad trade causing the herd to panic and make irrational decisions come market open on Tuesday. Smart money can do this for a relative discount since volume drops off significantly right before (or in this case during) a Holiday, as traders go home early and are busy enjoying themselves and not watching their trades/accounts closely. If they do notice, they are locked into a bad trade because the market is closed. Now we all know Crypto never sleeps and can be traded 24/7, so things operate a little different here, but the same methods apply as less people will be active on their accounts during a Holiday weekend.
Smart money does this not just for the discount of breaking resistance at $50k, but also because they want to set themselves up nicely for Tuesday morning (Asia, London, New York Open). If smart money is looking to sell at this level they want to sell high, not sell low, so they move the prices higher before they dump their load on the market. They want to do this unloading during times of HIGH volume (aka when everyone wakes up Tuesday morning and sees their account and panics / rejoices) and not during times of low volume, like during the Holiday. If they sold during times of low volume, they would be selling into their own drop in price. It is also easier to do this once they have broken resistance, as its less likely for prices to break below $50k before smart money is done unloading their Coins. In other words, if they are dumping enough stock/currency/crypto to cause prices to go down, every-time they sold more, they would get less and less for it as prices would have declined because not enough people are buying their supply. This is not what smart money does. Smart money sells to weak holders at HIGHER and HIGHER prices, in anticipation of prices going lower after they are done. Smart money is always ahead of the herd.
As a (relative) small time operator, I always want to watch what smart money is doing, and trade with them, not against them.
Additionally, tomorrow September 7th is when El Salvador starts to allow their citizens to use Crypto from locally installed Crypto ATM's. Each citizen who signs up will get $30 USD in free BTC when they do. People across the internet on places like Reddit and other forums are encouraging users to follow El Salvador's lead and buy $30 in BTC on Tuesday morning. What would be a better time for smart money to be selling their BTC when MILLIONS of fresh users will be joining the blockchain releasing all that volume onto the market? Nothing like a "totally grassroots (TM)" internet bandwagon to offload your Crypto into. No one would ever manipulate the herd to do something against their own interests ...
Finally, the overall sentiment for BTC is HIGHER prices, so I would expect smart money to try and send the prices lower, absorbing the herds long positions in the process and triggering stop-losses, at least in the short term.
My Take on the market possible going higher:
With all that said, the overall trend of Cyrpto is HIGHER prices. So all things being equal, over a long enough timeline, prices will be HIGHER in the future if you look at the 10 year chart. With Bitcoin going mainstream and several countries adopting BTC as legal tender, the overall outlook on BTC is positive. If smart money was still looking to buy BTC during the Feb - May 2021 highs in anticipation of countries like El Salvador adopting BTC as legal tender, they would first have to drive prices lower so they could buy at a discount. When BTC was at $64k, everyone was long, so smart money and the market makers would have been buying at higher and higher prices against their own accumulation. They want to buy low and sell high, not buy high and hope for selling higher. Based off the charts, Smart Money considers $30k BTC to be "cheap," hence the buying at those levels.
I would not anticipate BTC to ever break support at $30k USD ever again barring disaster / market shocks (911, Delta, ect).
Additionally, Coinbase stock went live in April, and since the price of Bitcoin and Coinbase seem to be linked, Smart Money does not want to buy Coinbase stock at the IPO price. It would have been in their interest to drive the price of BTC down, and with it the price of COIN so they could accumulate stock. Don't put the "chart" before the horse so to speak. If you look at the COIN stock price, it also looks poised for a breakout after a long period of accumulation:
Its common for candles to triple or quadruple tap the support/resistance price before finally breaking through or being rejected and going lower, so a strong break of resistance here on high volume Tuesday morning would show that prices were really ready to move higher and leave $50k BTC behind (or in the case of COIN the $300 level). Important to note that COIN cannot be traded over the weekend days because it is a stock, and its price has not yet broken the resistance line. I would have expected smart money to have quickly broken resistance on COIN Friday afternoon to lock people out of longs, but since COIN seems to follow BTC, maybe they are waiting for BTC to make its move before they move COIN.
This was not the case in June however as COIN broke out first from $210 to $261 per share in anticipation of BTC moving higher in August. Then they both moved together for the August 3rd increase.
Conclusion:
- If the 2020/2021 bull run is over, and what we are seeing at $50k is just a typical harmonic retrace toward the high before lower prices, we will see the Tuesday morning open float to higher prices with low volume before being dumped at some point breaking $50k support. This will occur most likely after 1pm EST till close (wait till everyone gets their long orders in during the morning before moving the price down). If they are trying to absorb all that El Salvador and Reddit money, it may stay above the $50k support for a few days, maybe till the end of this upcoming week, or the start of the week after that with little volume action on higher time-frame charts. The entire country of El Salvador is not going to rush to the Crypto ATM's first thing Tuesday morning.
- If we are going to see higher prices and possibly break the ATH and beyond, then what I would expect to happen on Tuesday is a rocket ship of higher prices on medium to high volume, locking everyone out of the market who might think about going long. Watch the BTC price in the next few hours during the market open in Asia and London. I would expect to see the price move higher and higher during this time at a good pace on low or medium volume until Smart Money thinks it is go time. Go Time would likely happen after the first hour of New York open, then lots of wide-spread green bars on medium or high volume. If we do see BTC break support below $50k but only retrace slightly on low or medium volume, its possible this will be short lived fake break of support trying to catch the stop-losses of everyone who went long.
With all of that said, I'm leaning toward at least a short term rejection at $50k. I'm usually right on the market move long term, but my timing is often wrong. It's why I swing trade and stay away from day trading. If you haven't already made up your mind on which way its going, in my opinion, $50k is not the place to be doing it (you should have bought in 2019, or at the $30k support). So this is for educational purposes only and not meant as financial advice.
COINBASECOINBASE direction, irrespective of the crypto market movement.
Price might break at point 1 or point 2 for continuation to the upside.
Point of ultimatum to go long or short on the 1st week of October, probably on the 5th or 6th.
If it breaks down at the bottom trendline, expect to go down back to 260 ish levels.
$AAPL $NFLX $HOOD $COIN I OptionsSwing WatchlistHOOD 2H I Has an average price target of $55. Watching for a bounce between $41-$43. With $40 being an optimal entry to go long in this fintech name.
COIN 4H I We traded COIN breakout above $275 last Friday. Unsual activity is betting on $280-$290 for 09/10. Watching COIN above $280 as BTC shows strength.
AAPL 1D I Just as expected, AAPL broke above $150 and our resistance near $152 last week. I would love to see a slight pullback before a continuation to $156 and $160!
NFLX 1D I The NFLX calls we highlighted last week on this watchlist gave 400%+ in returns! $590 is a key level to hold and it could see $600 and $610 next.
FUNUSDT | H4 | Technical AnalysisI did an analysis of another very cheap coin, the price of which is now "0.02920", this coin is preparing to start a strong uptrend, but in this uptrend, the target should be 0.03420 because that area is a very strong resistance and, 2618 area if that level is broken up, It can go up to 0.04 level.
COIN: More upside coming!Rounding bottom pattern + a triple bottom. We should see more upside for COIN moving forward!
Missed the better time to enter last week when it touched the up trend line + 50MA, but we should be able to get another entry in the next few days.
Entry = $249.50
Stop Loss = $235
Target Profit 1 = $280
About 2 R/R to look in some profits, and let the remaining run.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
BITCOIN | Wait For The Last Confirmation!Hi,
The price of Bitcoin has got a solid rejection from previous minor breakout areas. Wait for the last one - at least 1hour candle close above 23. Aug. high, above the shown higher resistance line.
If this TA matching with your own analysis then wait for a retest of the breakout area and go for it!
Waiting....
Regards,
Vaido
Do not miss Alice 70% profit !!!Do not miss Alice 70% profit !!!
According to the chart - as you can see, Alice Currency has formed a cup pattern that has formed the cup handle well and started to climb.
The price is currently testing the edge of the cup
In addition to these signals - has also formed a valid ascending channel
After forming a valid ascending candlestick pattern, you can enter a suitable ascending position by considering trading points, which will bring 70% profit in your first target.
For our support - Like this analysis and follow us
Thanks
Hamid Mojarad
Trader and cryptographer
Consultant and investor of repu table investment companies
Do You want your Capital grow by 200% ?Do you want your capital to grow by 200%? slp ---- slpusdt
There is a good opportunity to make a profit in the Slp chart
A very suitable and strong divergence is formed in Macd, which if a wedge pattern is broken, it can lead to a sharp Uptrend to the 0.4 usdt. ( 200% profit )
Just be careful to see the confirmation pattern Breakout after the Break of wedge and do not fall into the trap of a fake Breakout.
If you want to enter the position safely, after the Breakout of the pattern, wait for retest the pattern, and then enter the Bullish position with a Bullish Candle pattern.
For our support - Like this analysis and follow us
Thanks
Hamid Mojarad
Trader and cryptographer
Consultant and investor of reputable investment companies
BAKE GETTING READY TO FLY ! Launched in September 2020, BakeryToken (BAKE) is a part of the BakerySwap ecosystem. Liquidity providers are rewarded with BAKE tokens which can be used to earn a share of BakerySwap’s trading fees and to participate in voting as part of BakerySwap’s governance process.
BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform.
Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. The BAKE rewards are offered in several liquidity pools, initially including BTC, ETH, DOT, LINK, BUSD and BAKE versus BNB.
Who Are the Founders of BakeryToken?
The team behind BakeryToken is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAOs).
What Makes BakeryToken Unique?
Bakery Swap runs on the Binance Smart Chain. The BAKE-BNB pool is expected to provide ten times the rewards compared to other pools.
BakerySwap, a Binance Smart Chain-based AMM, offers liquidity pools for altcoins such as LINK, DOT and others. It works through initial liquidity pools. BakerySwap has two types of liquidity pools: with BAKE rewards and without them. This is done in order to facilitate the creation of new liquidity pools by the community.
Only designated pools will have BAKE rewards. The reward multiplier for each will vary based on the value they provide to BAKE holders.
BakerySwap charges a 0.30% fee on all swaps and trades, out of which 0.25% go to liquidity providers.
The liquidity providers are then given liquidity pool tokens that represent their share of each pool. Through these tokens, they can earn a portion of the fees that are collected in the pools when removing the liquidity. Liquidity providers can then stake Bakery LP tokens to farm BAKE token rewards.
Related Pages:
Learn about Universe.
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Learn about Crypto ETFs on CoinMarketCap Alexandria.
Stay in the loop about everything cryptocurrency on the CoinMarketCap blog.
How Is the BakeryToken Network Secured?
The BakeryToken network is secured through the use of real-time security monitors and intelligence systems. It has on-chain monitoring and passes many security checks.
Where Can You Buy BakeryToken (BAKE)?
BakeryToken (BAKE) can be purchased or sold on the following exchanges:
Binance
Gate.io
PancakeSwap
Hotbit
Anyswap