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Phantasma the little gem that started to shineSOUL recently got a new USDT pair on Kucoin and essentially since then it has started a pretty serious strong trend. In USD terms it perfectly retest the 0.3 level which was a key breakout level and bounced really hard. The coins that have bounced the hardest after a big dip are usually the ones that do the best in the next few days / weeks. Phantasma has had this perfect accumulation in BTC terms for so long and is definitely still somewhat cheap or fairly priced vs BTC. In my opinion its chart looks a bit like DERO, DAG and several other Kucoin gems, however its at the early stages before a mega pump. It's super clean and super strong, a perfect accumulation chart. It is also an NFT related coin/token that hasn't had a huge pump yet and is one of the very few that didn't crash badly in this correction. In my opinion NFT related tokens still have a lot of potential although they might take the backseat for a bit longer, but some of these coins/tokens will do very well and SOUL is on of them.
Long
by BitcoinMacro
Solana Drops $100Solana has completed the clearest 5 wave move I’ve seen in some time. After 5th Wave is completed, which seems to be the case - price should be expected to drop back to the level of Wave 4 or .786/.618/.50 of the total move up. Because Wave 4 and the .618 Fib sit in the same area, I’m expecting price to test this zone ($20-$30). A more precise target can be uncovered as Wave A of the zig zag defines itself. Great buying opportunity on the way. By the way, Solana does not follow the mainstream/BTC Wave cycle or price action.
FTX:SOLUSDShort
by DigitalSurfTrading
Trading View - all depends on what you want to seeTrading is all about winners and losers. A Trading View (thanks @TradingView) is all about how you see the charts, time frames and risk. When I called the move down back in March, it was not that I was Bearish, wasn't stirring FUD - it was on the back of being Bullish from 2011. As a professional investor, you need to take the good with the bad, the highs and the lows and of course profit when the market moves up and down. Many newer traders see BTC as a battle between the Government and the people, they see the regulators vs the crowd. The Bears and the Bulls! This is Jedi master vs the dark master. Truth be told, if you learn to appreciate the powers at work - you can indeed profit from both sides. I often read the chat in TradingView as find it funny how the bias is only ever Bullish, people have one view (9 times out of 10) and seem fearful of the bigger picture being a little more bearish. The charts have been very respectful the last 18 months, what seems crazy, wild moves on the smaller time frames are actually only playing to key levels on the larger times. ** If in doubt - zoom out ** NO STRESS Look back a few months and see the posts from March; you will see it made a whole lot of sense from the Elliott roadmap perspective; Click the link The before: and after; Same as the rocket call; Press play on the idea. This was all based on the distribution of a large scale Wyckoff Schematic; Which played out as a textbook example. So when you look at the charts, just remember Bullish doesn't always make you a Jedi, bearish isn't always behind a Vader mask. Learn to use the force and it becomes a lot more enjoyable! Have a great weekend - and more educational content in the related ideas section below. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
20
Are NFT's really the new trading instrument?What is your opinion on NFT's? Do you see them as a new trading instrument? or is it just another hyped 'BUZZWORD'??? Being a long time investor & trader, I have witnessed over the years - things that come and go, in the venture capital world we call this Buzzword Bingo. You get hype curves in sectors that may or may not take off. Always chasing the next shinny thing. Even when talking crypto, it used to be fintech - then came the spin out. As crypto evolves and searches for it's 'read adoption' phase we are very likely to see sideline gigs looking for a problem to the solution. Notice I said problem to the solution and not a solution to the problem? By this I mean, the issue is just like the reasons crypto will struggle to gain full dominance over FIAT currency for a while, is that whilst the tech foundation is solid, the lack of regulation, transparency and what would be deemed as negative points, are really the only thing holding it back. People see the things they want to see, and not what is needed - El Salvador, the prime example. Instead of being a steady growth curve, it was used as a tool to profit from the very type of thing, that is needed for it to grow up properly. Any country looking on at the drop as the sign-off happened, would now be questioning "is this really for us"? Exchanges need to stop trading against their clients, fees need to come down - and as much as I don't like it, regulation needs to be solid. Is thee things happen, I think it will be a wild-fire type adoption - globally. OK so back to NFT's - The pro's = looking after the artist, residual royalties & of course a new type of toy to play with. The negatives - Expensive gas fee's (will detour artists in the long run) from uploading content, the very people it's targeting. Explosive hype - why is this a bad thing? Well go back to my point about El Salvador, there is now either too much in the space (Large supply) with really, not much demand; apart from a select few. My in point; I draw a lot of my tradingview educational posts by using the polyline tool and brush. I recently added the bored ape I went on to finish it. With a blue hat and then with a pink one How about a red one? Even green with the addition of a funky eye The point I am making, is that due to how simple this is to edit - surely it only de-values a proposition? I would love to hear from the community, what your sentiment is - why? Do you like the idea or you think it will be a passing phase? By the way, I liked the blue one with no candles behind him. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BITSTAMP:ETHUSD
by Mayfair_Ventures
26