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Crypto-trading

The Bitcoin – Ethereum Smart Money DivergenceThe smart money tool (SMT) divergence is used by traders to determine if the trend is getting stronger or weaker, which may lead to a shift in the market sentiment. If we compare Bitcoin (BTC) and Ethereum (ETH), we can notice that one is stronger and the other one is weaker. However, this correlation is not visible to the naked eye because they seem to move in tandem. Bitcoin – Ethereum SMT Divergence Based on the coinmetrics data, the BTC-ETH correlation stands at 0.89, which is nearing all-time high values by historical standards. This means that there is a strong positive relationship between the two cryptocurrencies. The SMT divergence concept can help a trader find short-term price discrepancies. If BTC and ETH have a strong correlation, the price should mimic the same price action. For example, if Ethereum makes a higher high, Bitcoin should do the same. However, sometimes there is a break in that correlation, and that's exactly what happened recently. ETH's price made a higher high, but Bitcoin made a lower high. In practical terms, it means ETH is stronger than Bitcoin, so we can expect Bitcoin to sell more relative to ETH during the current pullback.
by cryptohopper
MOF back in a flag formation - needs to break above the 50 EMAMOF is back carving out another flag/pennant/banner formation. However. Previously the price was above the 50 EMA and used this to drive higher. Currently the price is below the 50 EMA but above the significant line of support at .00149 and the mid pivot and we will probably see the price squeezed between the EMA and this line of support before we break out either north or south. If the price cannot rise above the 50 EMA then this flag might break to the south but as there is still BULLISH momentum with Molecular Future, the chances are the price will take out the 50 EMA and move higher towards the next line of resistance at .00165.
MLong
by forextraplaces
SHIBA Trend updateHello trading friends, This is an update for Shiba. It's important that Shiba gets over the old level of Month FEB to keep the trend into Cycle running. ( long term) Further Shiba could show a new breakout trend - at this moment still no data for it - but we know the coin also from unexpected trends by historical effects. This idea shows only to check out Shiba's coming time, and to see if it will show interesting trends. Know that meme coins are very risky investments - for this reason, high mismanagement should be always there. Have good time
Long
by watchtrend
1
Bitcoin - Depending on TA on interesting zone Hello trading friends, When there is a bull trend and a bear trend, the chart go into 1 side, but when there are manipulations trend or accumulations trends, the price could change more time - and its most time hard to predict the right side - those are able to make profits even in this trends have good skills, and those not - as long risk management are high, there would not to a huge difference in balance. The main target There is still an expecting trend to 50k+ But we should first check BTC time by time with a trend update, and this update is a trend update that shows BTC is at this moment in an interesting zone depending on TA. When whale breakout? There is nothing called 100% guarantee - but if we check the data, at last, the real whales should know that BTC is into the green cycle. Important targets BTC should re-test the 47K again to make new gains. Have a great time. # This is not a trading call - trade only depending on your setups.
Long
by watchtrend
1
Star Atlas - Bull Flag Below ResistanceATLAS is consolidating in a bull flag below strong descending resistance. More times than not, this leads to expansion through resistance on increasing volume. You do NOT buy this here if you are looking for a trade. You wait until a clear break of both the small flag and the blue descending line on increasing volume. Areas of likely support and resistance are marked as lines and zones, and can be used as targets and entries, as always. ATLAS is one of the most ambitious play to earn gaming and metaverse projects in existence, and one that I invested in from the beginning and have never sold. I have ridden it all of the way down, because I believe in the long term potential. This is likely a multi year hold for me, and I am not trading it.
FTX:ATLASUSD
by ScottMelker
2