Bitcoin Pauses RallyBitcoin has continued its tight range, after stocks snapped a four day rally. The upper bound seems to be $48.2K, which is a barrier between current prices and $49.7K, our next target and last level before $50K. The rally in Bitcoin does seem to encountering a hard pause, and we will need significant momentum to break $50K again. This seems to hinge on what stocks decide to do. We could have enough in the tank for another attempt at $50K, but this should provide formidable resistance and we may see a significant retracement upon rejection. If we retrace, then we should see support in the $45K-$46K range, with $43.8K a likely floor for now.
Hodl
AXS - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
AXS rejected our green demand zone and traded higher.
AXS broke the last minor high in orange, and the two upper trendlines (orange and red)
Thus, the bulls took over from a medium-term perspective. and the first blue projection is considered our first impulse of the bullish trend.
We are currently in a correction (in purple), and waiting for the bulls to break the upper gray area for the bulls to take over from a long-term perspective and the next bullish impulse to start.
Meanwhile, until the bulls break above the gray area, we are in a short-term correction phase that can trade till the green zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin to $50K??Bitcoin has held its ground around relative highs, maintaining a narrow band between $48.2K and $46.2K. The Kovach OBV is looking pretty strong, but has started to curve over, indicating that we will need another burst of momentum before considering higher levels. We do appear to be ready for a technical retracement, that could take us back to support at $45K. But if we catch another burst of momentum, we the next target is $49.7K, the final target before $50K. If stocks rally again, we could easily hit this target today.
Cryptocurency - Coin & Token Types: The Ultimate GuideIt’s important not to confuse the terms “cryptocurrencies” , "Coins " and “tokens,” Different type of them ,as there are fundamental differences that distinguish them.
Summary:
To put simply ,The two most common blockchain-based digital assets are cryptocurrencies and tokens. The biggest differentiation between the two is that cryptocurrencies have their own blockchains, whereas crypto tokens are built on an existing blockchain.
What Is a Digital Asset?
Broadly speaking, a digital asset is a non-tangible asset that is created, traded, and stored in a digital format. In the context of blockchain, digital assets include cryptocurrency and crypto tokens.
What is a cryptocurrency coin?
Cryptocurrency coin, like Bitcoin , is essentially a digital form of money that is backed up by a native blockchain The functions of a coin are strictly monetary — you can use it as a mean of payment, store of value, or as a speculative asset to trade, and essentially that’s it. The features of a coin are also similar to fiat money — it is fungible, divisible, and the supply is limited.
By definition, a cryptocurrency coin serves only as a digital form of money. The most distinctive feature of a coin is that it is native to the blockchain it’s made on and operates independently from any other platform.
Okay, then what is “altcoin”? This is essentially any cryptocurrency coin that has its own blockchain but is not Bitcoin . Some altcoins are just forks to Bitcoin , meaning that they base on Bitcoin’s open-source protocol but still have their own blockchains, like Litecoin. Others, like Monero or Ethereum , are completely independent blockchains.
What is a token?
The token is a non-native blockchain asset and its value goes beyond only monetary functions. Tokens also require another platform to exist and operate.
For example, ETH is a cryptocurrency that is native to the Ethereum blockchain, which makes it a coin. However, one of the primary features of the Ethereum network is the ability to create new tokens within the network. The cryptocurrencies that are created on this network will be called tokens. For example, USDT — the most popular stablecoin pegged to the value of $USD is a token, which operates on the Ethereum blockchain.
A cryptographic token is a digital unit of value that lives on the blockchain. There are four main types:
1-Payment tokens
2-Utility tokens
3-Security tokens
4-Non-fungible tokens
Fungibility :
All crypto tokens break down into two broad categories — non-fungible and fungible, with the latter being the most common type. Fungibility is a feature of a token which essentially means that one token is indistinguishable from another.
In simple words, a dollar is always a dollar, and Bitcoin is always Bitcoin . You can exchange the $10 bills with your friend and each of you will still have the same value in the wallet.
but Non-fungible tokens, or NFTs, are a type of cryptographic token — a digital representation of value that lives on the blockchain.
NFTs can represent the value of physical assets. A painting, for instance. But they can also represent the value of digital assets, such as a short story that is only available online.
NFTs have three characteristics that set them apart from other types of token: 1. THEY’RE UNIQUE -2. THEY’RE VERIFIABLE- 3. THEY’RE TRADEABLE
-Utility Tokens:
Utility tokens are a popular type of fungible tokens that you can think of as the chips at the casino. In the same way that you need to buy chips to play blackjack or poker, you need utility tokens to power the operations on the protocol.
The most famous utility token example is Ether which powers all the transactions and smart contracts on the Ethereum network. As we just said before, ETH can be used as a means of payment, however, its primary purpose is to be utilized in the blockchain.
Social Tokens (fan tokens):Social tokens can be a very interesting type of crypto utility asset that recently gained a lot of popularity among the crypto space and also presented the concept of tokenization to the broader public. In simple words, social tokens are backed by the reputation of an individual, brand, sports club, or just any community
-Security Tokens vs Equity Tokens
In simple, security tokens are common stock on the blockchain. These tokens are similar to the company shares held by the investors and companies usually issue voting rights through a blockchain platform. The tokens are liquidated to create an Equity Tokens. In other words, these tokens contribute an investment contract, where the Investors typically purchase in anticipation of future profits in the form of dividends, equal sharing of revenue generated and the normal appreciation process.
Security tokens bridge the gap between the traditional financial sector and the blockchain framework; it’s one of the reasons banks have initiated the integrated Blockchain frameworks in their system. Issuing security tokens allows investors to raise funds through a thoroughly regulated digital share of its equity, asset or part of the revenue.
The key difference between Security Token and Equity Token is that in the security token, an asset like real estate, gold etc. are used as collateral. However, in the case of Equity tokens, the shares of the company are diluted into tokens.
We can place coins and tokens in different categories as you can see in the chart above, and some of them are common to other categories.
As digital currencies are emerging, various other categories may be added in the future.
-Governance token
Governance token is the type of crypto asset that grants its holders decision-making rights over the project’s protocol, its product, and its features .it represent voting power on a blockchain project. They represent the main utility token of DeFi protocols since they distribute powers and rights to users via tokens. Governance discussions on Yearn Finance. With these tokens, one can create and vote on governance proposals.
-Also Metaverse tokens are a unit of virtual currency used to make digital transactions within the metaverse. Since metaverses are built on the blockchain, transactions on underlying networks are near-instant. Blockchains are designed to ensure trust and security, making the metaverse the perfect environment for an economy free of corruption and financial fraud.
-DeFi tokens represent a diverse set of cryptocurrencies native to automated, decentralized platforms that operate using smart contracts. These provide users' access to a suite of financial applications and services built on the different blockchains.
If you liked this and would like more you can visit us online Hodl & Shill we also have a private Discord Server
Bitcoin Resumes RallyBitcoin appears to be back to bull mode. We broke through significant highs first at $45K then at our next target of $47.4K. The Kovach OBV is very strong, indicative of a proper crytpo rally. It is not a coincidence that stocks are rallying as well, with crypto obeying the correlation. Currently, we are testing the $48K's, finding resistance at our level at $48.2K. If we are able to break through this the next level is at $49.7K. We should be anticipating a technical correction soon, with support at $45K.
DOT - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for DOT.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for KCS.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
ICP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ICP broke our brown falling wedge pattern upward , but before we buy, we want the bulls to prove that they are strong enough to take over.
on DAILY: ICP is forming an inverse head and shoulders pattern but it is not ready to go yet (still an idea)
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, ICP would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC Short term short Long term longBitcoin volume is low but the price is slowly go upper and upper now reached the mid resistance, i checked the bookmap and the orders show me this resistance stay alive so i think the volume go up in short term and we will see a little correction and just after it coming the full bullish season, so buy the last dip and hodl guys!
BTC/USDT Major Breakout PossibilityBitcoin is at a vital price point.
44k appears to be a major resistance but there has been a breakout in the hourly time frame. So there would be wild price move either on upside or downside. BTC /USDT has to either breakout of 45k and close to rally further or breakdown and fakeout. Either one has to happen in the near future (In a few hours). So be ready to catch the wild move.
Long on close above 45350
Short on close below 43400
Risk Reward Ratio 1:2 or 1:3
Check out my related trade idea for previous breakout.
DYOR Before Trading/Investing. Not Responsible for P&L.
Bitconi Testing $45K!!Bitcoin has broken out past its former barrier of $43.1K as it makes its way further up the $45K handle. We are seeing resistance at every step of the way with this rally, with red triangles on the KRI at every technical level we have drawn. The momentum does seem to be weakening, with the Kovach OBV inching up slightly throughout this whole move. We are still skeptical of this rally entirely, but $45K seems to be the 'line in the sand' to higher prices. If we can break that, then our next major target is $47.4K, which is a significant step to $50K again. We are due for a technical retracement either way, which could take us back to $43.1K, $41K or $40K. We anticipate the $40K's to hold for now either way.
BTC - Critical Week!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
For this post, I tried to make it as clean as possible. So I removed all my support and resistance and other drawings.
BTC rejected the lower bound / blue trendline and traded higher, and now approaching a critical zone highlighted in green.
This green zone has been holding for a while, acting as strong support and resistance.
For now, the green zone is acting as a resistance
For the bulls to take over, we need a weekly candle close above it.
Meanwhile, the bears can still kick in and reject that resistance.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Tests $43K AgainBitcoin got support from the $41K's as we anticipated yesterday. We the lift seems to be coming off news that Terra has bought $125M worth of Bitcoin for its reserve. If we want to continue to see higher prices in crypto we will need more news like this. We are currently testing $43.1K again, but a red triangle on the KRI is providing resistance. We have tested this level again earlier this week, and are likely forming some kind of consolidation pattern here like a bull wedge or flag, as we gear up for a potential breakout. Our next target is $45K, which is the ultimate barrier that must be broken before we can consider higher levels. If we retrace again, watch for support in the $41K's or $40K's.
FET - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
FET is overall bullish trading inside the brown rising broadening wedge pattern.
FET is now approaching the lower brown trendline and green support so we will be looking for buy setups.
on DAILY: The sellers seem to be exhausted, as the last swing couldn’t push lower, instead resulting in a higher lower. This gives us an early alert that a potential shift in momentum might occur soon!
Moreover, FET formed a valid wedge pattern in red and inverse head and shoulders pattern.
But it doesn’t mean that the bulls took over yet.
Trigger => For the bulls to take control, before we buy, we need a candle close above the gray neckline.
Meanwhile, until the buy is activated, FET can still trade lower inside the green support before trading higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ONE - Be Ready!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ONE is overall bullish trading inside the brown rising broadening wedge pattern.
ONE is now approaching the lower brown trendline and green support so we will be looking for buy setups.
on DAILY: The sellers seem to be exhausted, as the last swing couldn’t push lower, instead resulting in a higher lower. This gives us an early alert that a potential shift in momentum might occur soon!
But it doesn’t mean that the bulls took over yet.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, ONE would be overall bearish can still trade lower inside the green support before trading higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Retraces, will the Rally Continue??Bitcoin has hit our price target of $43.1K, but fell short of our expectations to contiune the rally. Although stocks are strong, their strength does not seem to be met by the newly established intermarket correlation with Bitcoin. Two red triangles on the KRI have confirmed resistance at $43.1K. There is strong support around $41K and we anticipate it to hold, but if not there is no reason we should expect to see any lower prices than $40K. The Kovach OBV has slumped, suggesting momentum has let up a bit. We are still hopeful of a bull rally to our next target of $45K, but are skeptical with the lack of momentum.
Bitcoin Reaches our Target. What's Next??Bitcoin has spiked up through the vacuum zone to $43.1K. If you recall, we posted this target yesterday. We are seeing a red triangle on the KRI forming at this level though, suggesting we may have topped out. If so, we should have strong support in the $41K's and $40K's. The Kovach OBV has picked up, so if momentum does continue then the next target is $45.0K.
SNX Trade synthetic assets with 10x leverage- Perpetual FuturesToday, 21 March 2022 Synthetix Network emailed out the following notification to followers of the project:
"Perpetual Futures Launch"
"It's been almost two years in the making, but our synthetic perpetual futures have finally launched. Now anyone with access to the internet can trade synthetic assets with 10x leverage. Want to trade? Head over to Kwenta's dedicated trading UI to access the beta version."
"Benefits of Perpetual Futures:
- Leverage
- Short Exposure
- Hedging
- No expiration (unlike traditional futures)"
"Kwenta Perpetual Futures, powered by Synthetix, is the perfect trading protocol that offers low fees, deep liquidity, and complete decentralization (no sign-up required!)."
"Synthetix's perpetual futures enable a much expanded and capital-efficient trading experience by allowing leveraged longs and shorts on a large selection of assets. SNX Stakers get an additional revenue stream in a market that is untapped – no one in the perpetual futures industry has ever shared this revenue with their community."
If you are interested in the Synthetix project whether for trading in derivatives, futures, for staking or any other reason, you can gain a more detailed perspective by reading about these updates at blog dot synthetix dot io.
Full disclosure: I am long SNX since purchasing at the end of July 2021. I hold my tokens on the Celsius Network and earn 14.05% APR without the hazards of staking or trading. I am a long-term HODLer. I see SNX eclipsing its ATH (all time high set in May 2021) by the end of 2022 or early 2023. If you like this idea, read my other ideas. If you have questions about earning from HODLing, I have a referral code that will earn us both fifty dollars' worth of BTC if your transfer at least $400 worth of assets to Celsius. Just ask me.--Garry
AXS - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for AXS.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Faces HeadwindsBitcoin has made a run for highs again, but rejected $41K. We are seeing a lot of resistance here confirmed by multiple red triangles on the KRI. We are currently ranging in the narrow value area between $40K and $41K. The Kovach OBV has slumped, but if we pick up we can expect a blast off to $43.1K. If we break down further we will reestablish the value area between $38K and $40K.
Cenntro Motors Charting CENN has been on a very long down trend and have finally started to level off. It seems to have found support at $1.20 and resistance at $1.40. Now only that it have strong mac d cross on the 1-4 hour since the 15th. Ever since that sign of a reverse it has been testing the BOLL and IC on ever timeframe up to the daily. Right now it looks to be in price discovery. Will it go back into the pocket or will it trade to or through the resistance prices from the way down from $7. It looks super strong I’m the case that it will test those resistance areas and make test the previous floor of $7-$10. It is an EV that specializes in trucks and vans for companies. This type of products could lead to lot of sales as governments want to be fully electric predicted for the next decade.
ROSE - Detailed Video Analysis & Market Structure!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for ROSE.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich