Crytpocurrency
BTCUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my profile/bio for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on BTCUSD. Here as you can see, the market broke above the previous highs of 57,444.3 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 55,879.2. Since my entry got hit, I put my stop loss below the most recent low @ 54,204.3, and my target @ 57,990.1.
Opinion: So far, I'm feeling pretty confident about this trade as it's currently moving in my favor. But nothing is certain in trading, so we'll just have to wait and see what happens.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Ethereum Bull Flag has broken down....BUY??So typically this means a complete price break down and sell to stop the bleeding. But with market sentiment at near all time highs and BTC on a tear, I like to think outside the box. To me this is a major buy signal. If you are on the sidelines and have been waiting to get in, any buy in the next 10 hours before asian markets close and the weekend CME traders start funneling in would be a decent time. Obviously this is not trade advice and all investments must be treated with care and caution, but you don't get broken down bull flags like this often during a bull run. It would not surprise me if Ethereum hit all time highs this weekend. If you want to wait for a lower price target break down to get in, we think that may be coming before an all time high or shortly after, but don't sleep on it too long as ETH is know for very volatile price movements. We will keep charting to show you different signals!! Happy Trading!!!
ETH breaks flag pattern to increase momentum northETH has been very closely correlated to BTC in recent months and it appears to be slightly lagging behind the strong moves and breakouts that Bitcoin has presented. ETH remains a strong favourite to retest previous structure highs in and around 2042.
Swing traders had an excellent trade recently after a clear reaction from the 382 Fibonacci level triggered the bulls. We took this north through resistance and look for further breaks above 2000.
What also gives us further confidence in this is the confluence on the 382 extension which matches up perfectly with the previous high. However, 382 fib predicts a 618 extension.....
Buy those dips and wait for a break before going north.
XRP - Drop It Low! Wash Rinse Rise!Picking up where I left off from my previous markup that I have attached
Taking a closer look on the Daily I am seeing some great price action
Target 1 - .3687
Target 2 - .1679
I have laid out a roadmap for Target 1 & Target 2
I am looking forward to XRP washing out the non-believers
I plan on goin ALL IN on XRP even below Target 2 but that level is a secret :)
SUSHI for dinner tonight! 15-20 percent gain possibleSushi looking good right now putting in 4th wave looking to break to a 5th wave here soon. Take profit at .618 could get a extended 5th wave.
Oh man, SNX looks READY. TO. PUMP.Hello Traders!
SNX looks so ready to pop with how price action has been forming! If this Micro Long ends up holding, this thing could turn into a beast of a move, but I'll always let price do the talking.
Of course, we always need to be aware of the Opposing setups that could send us lower. If the Micro Long reaches target, that Short will obviously be taken out.
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
Here's When Altcoins RunIt's often discussed, but rarely materializes.
For crypto traders it's like lassoing a unicorn with a python while aboard a chariot that's pulled by a neon green lambo driven by Jack Nicholson.
It doesn't happen often.
When it does, millionaires will mint by the truckload overnight. Which is why you won't want to miss it.
It's altseason. And when ETH/BTC breaks upwards out of this cylinder, it's near.
Keep this chart handy to know when to trapeze your way out onto the risk curve.
Read here to learn more on why we follow this chart at Jarvis Labs: jarvislabs.substack.com
ADA Cardano Move Coming UpCardano about to make a move soon. If you're looking to ride this one, we like setting a stop loss here around 1.09 and riding this one up. Watching closesly to see if this one stays within our channel.
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Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
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Terra Virtua TVK: every NFT moons, no exception!March will be NFT season.
Terra Virtua is an NFT project based on Terra (LUNAUSDT).
It was newly listed on Binance, and hold strong against BTC dumps.
TVKBUSD has broken the ascending triangle and completed a cup and handle pattern, within 10 days.
I'm taking a short-term trade on this one, and expect to have a 2x to 3x profit.
Not a financial advice. DYOR.
Potential Head And Shoulder PatternI can see a head and shoulders pattern forming looking at the Crypto Total Market Cap on the 4hr timeframe. There is also similar patterns going on with the BTC and ETH charts as well. The right shoulder on the BTC chart is approximately at the 50k mark. If we can see BTC holding above the 50k it will prove my head and shoulders theory was false. If not I see BTC dropping to the 40-42k range and the entire market cap revisiting the 1.2T mark. Last correction in mid January took approximately 22 days until the next run. Were about two weeks into this one. Again, my theory could be totally falsified and head the exact opposite direction. Crypto is at a big decision point so it's gonna make a move regardless. I'm with the bears on this one though.
XRP - Buy The Dip Hi, I updated you last week about the most important trendline. We have now backtested the trendline multiple times + we have also a beautiful uptrend that held very well. SMA50 and SMA100 helped us to recover from the support level $0,40 and I think we are going to see a bullish momentum in the next couple of days. I expect we are going to do the same structure as before to break the resistances $0.63 and $0.75. We need that 🙌🏼 Be patient and don’t panic 🚀
The long term bull caseI have made a lot of comments about the long term bull case for bitcoin. Really that comes in the form of a number of different angles and analysis, which I might suggest a couple more ways of looking at things.
This one goes on the assumption that the price follows historic price action, which it often doesnt. At these prices retail traders are put off, and institution plays a vital role in propping up prices. Fair value of bitcoin is under greater focus the higher the price, and hands get weaker at tops, until new supports are created. In this run we are yet to find a floor for value. Whilst this chart doesnt show a downward price discovery, one will need to happen at some point.
This simply goes on the assumption that IF price continues to match the pattern, and we assume that percentage increase also matches, the price will top at around $320,000usd per btc.
I should note, although I am personally a longterm permabull (year timeframe), I am short term trading trends and always open to short opportunities as well as long term opportunities. This is one bullish outlook, based on certain hand-picked facts. It is not my only outlook, and I could create an equally bearish chart given the time!
Thoughts on anything in this chart are welcomed
🏛BITCOIN LOCAL BEARISH BIAS↘️SHORT🔥
☑️BTC_USD is trading below a minor resistance level
And it also broke out of the rising support
Therefore, I am expecting the pair to fall
To retest the strong support below
SHORT↘️
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BTC/USD Current viewBTC has touched around 53,000 and 51,500 which printed a double top.
We are forming a falling wedge which is a bullish pattern.
If we break support ton the wedge, we can expect to possibly see the 45,000 - 44,000 zone.
Always wait for confirmation !
Bitcoin 60K projectionIf bitcoin follows a similar January pattern then we can expect to see a 60K by April. The ghost pattern bar is for visual reference.
ADA/USDT | Potential Upward Movement 🚀🚀🚀Technical Analysis :
Starting by the higher time frame the coin is posting higher highs and lows by smashing all the daily resistances. Recently, a correction count has been posted toward the new daily support. on the lower time frame the price is heading toward a strong confluence area between the 61.8% Fibonacci retracement, the trendline and the daily support at 1.1790 level. This might lead to a move upward to the 1.4631 mark.
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Trade Idea:
Buy Limit @ 1.1790
Take Profit @ 1.4631
Stop Loss @ 1.0693
Trade Safely 🙂
What is NEO? The crytpocurrency for the smart economy1. NEO it's an open network for the smart economy. The NEO ecosystem is driving with the large community of enthusiastic and developer to become this cryptocurrency for the next-generation of the internet for the smart economy.
2. NEO is an open-source, community driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future.
3. Another features is that NEO is investing $100 million through its ecoboost program to accelerate the realization of large-scale commercial blockchain solutions by empowering developers and proyects in the ecoystem all funding.
Use of Case:
a) Blockchain infrastructure: You can to contribute to the underlying infrastructure of the NEO Blockchain.
b) Digital Asset: You can digitize assets in a decentralized, secure and third party free fashion.
c) DEFI: You can to transform traditional financial instruments into trustless and transparent protocols into the decentralized finance
d) Games: You can to empower new game of gaming experience by integrating blockchain features.
My Personal Opinion:
This crytptocurrency are in my radar, but it's so interesting in their fundamental analysis in what NEO it's goes to their objective. For that, Blockchain are grow up and more in NEO most enfocous to convert all economies in the smart solution in the digital world for the decentralized economy. I thinking in this cryptocurrency are one of the crytpo-enthusiastic and I admire this crytpocurrency as my possible radar to found out my minors crytpocurrency to invest in 2021. I do not invest yet in this crytpocurrency, rememebr my top 5 majors crytpocurrency that I invest are Bitcoin, Ethereum, Cardano, Chainlink and XRP. But yes, I find at least 3 crytpocurrency minors to take in my big radar in 2021. And well, I follow NEO from the past year and I admire this proyect. For that, I don't thinking that NEO it's a good crytpocurrency to invest. If I decide to invest, I noticed it my social media like Twitter or Trading View. And also, I share my 3 targets in NEO for 2021 in their bull rally.
For more resources, please visit these links:
1. NEO Website: neo.org
2. NEO Twitter: twitter.com
