Can Bitcoin Break the Bear Trend??Bitcoin attempted a 'scam' rally but fell short of our level at $59.4K. The fact that the Kovach OBV has not really picked up with the rally should have been an indication that we are not likely to continue into the $60K's any time soon. The broad range between $52.8K and $59.4K seems to be much more comfortable for BTC at the moment. Broadly, we could be forming a bear flag before another push lower. The last support level in the $50K's is $50.8K, before we will enter the $40K's. The first level here to provide support will be $49.7K If we do catch a bid, watch $59.4K as this is the level to break definitively before we can consider regaining (and holding) $60K's.
Hodl
WAVES - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WAVES is overall bullish and now approaching a strong support zone so we will be looking for trend-following buy setups on lower timeframes.
on H4: WAVES is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , WAVES would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
VIBE - Vibing with this LTH ...💎NOT FINANCIAL ADVICE: This idea IMO for personal use only
====================================================
Just entered this long term hold metaverse play. Sleeping GIANT IMO ticking all the boxes with P2E, Metaverse, SDK Dev just to name a few.
VIBE is an ecosystem built for speed, transparency and security, specifically got NFT dev and creation on it's own later 2 scaling solution across any blockchain, VIBENet (a layer 2 side chain solution that executes instant transactions with NO GAS FEES. VIBE token is used for the purchase of digital goods and services within the eco system.. More details on CMC.
DYOR.
Entered: 0.09076USD
As always, watch for volume , NFA , DYOR, check on-chain data. Always be watching BTC .
Good chat.🤖
VET - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
VET is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H4: VET is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, VET would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BITCOIN - Interesting Times!Bitcoin broke below 60k zone. NOW WHAT?
BTC is overall bullish trading inside our orange rising broadening wedge so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendlines.
The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in blue (50k zone) and the lower orange trendline.
As per my trading style:
I will be waiting for BTC to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Outlook Hinges on these Three FactorsWhile US traders may be gorging their already bloated bellies with turkey and other fixings, the crypto market is still open! It's time we took a step back and analyzed some factors which may influence the price of Bitcoin and the broader crypto market for the duration of 2021 and on into 2022.
TLDR; Three reasons to be bullish of Bitcoin:
1. Strong Technicals
2. $3T market cap
3. Regulation (yes, this is a good thing)
Despite the pullback from highs, Bitcoin's technical analysis is strong overall on the longer term ("when in doubt, zoom out!"). It looks like we have an Elliott Wave double zigzag, terminating at highs. The retracement we saw down to the $50K's is thus a completely reasonable correction. Checking the Fibonacci's, we have a 0.618 retracement level at $53K, right under the lows we saw last week. From here, we anticipate a bounce to the 0.786 level just under $60K. After that, it depends on how we test $60K. As we have mentioned before, this is a serious barrier to higher levels. It is both psychologically and technically significant. If we reject it, this could mean we will take another dive past 0.618 to the 0.500 Fibonacci level at $48.6K. If we break it, we could be gunning for new highs and the beginning of another zig zag wave or 5-3 wave.
The Kovach OBV is also strengthening, though not to the full steam we saw with the previous rally. We have a green triangle on the KRI suggesting that we have good support at recent lows.
Other factors influencing crypto prices include the fact that we recently hit the $3T market cap (even though we've since retraced to about $2.8T). Our 5 year target is $10T, so we're about a third of the way there. We cracked the $1T barrier in January of *this year*, so this helps to put things in perspective.
Finally, regulators are taking interest in crypto which is actually a good thing. More formal regulations and guidelines will facilitate business interaction with crypto in the US.
Bitcoin Holds SupportBitcoin is finding support in the mid $50K's. We have tested $55.7K several times, and appear to be forming a bear wedge at this level. We have not been able to muster the strength to break through resistance in the high $50K's to test $60K again, which suggests that Bitcoin will remain in the $50K's at least through the Thanksgiving Holiday in the US. If we break down from current levels, then $54.3K is the next target. The Kovach OBV has been quite bearish, but has leveled off suggesting that Bitcoin is content with current levels for the moment. We will see resistance from $57.7K, then $59.4K if we catch a bid.
The rise of $CROWOW, what a time to be alive! I'm sure I'm not the only one that stayed up all night watching Crypto.Com Coin creep on up. I am in no way saying that I am getting out of this, vice versa will probably diamond hand it, because I learned my lesson on getting out early and trying to find a way back in. BUT... what's up with this pattern? I am seeing a rising wedge, meaning this could be a time to sell? Will we ever see the .60-.70 cent range on this again? Either way, I'm going to HODL- I would like to purchase more of this, trying to find a good time. What are y'all thinking?
Bitcoin Hugs Lows 📉😟Bitcoin has refused any attempt at a bull rally, with sharp two-bar candlestick rejection patterns on the 30 min chart with every time the price moves higher. It has been smacked down from $59.8K, the next level under $60K, then again at $57.7K. We are seeing good support from $57.7K as identified by two green triangles on the KRI. The Kovach OBV is steadily and consistently bearish, suggesting that the selloff may continue. If so, we should have further support from $54.3K. If not, we must break $57.7K, then $60K to be considered 'bullish' again.
100x HODL OPPORTUNITY! Here's why:Injective Protocol (INJ) is the FIRST fully decentralized cross-chain derivatives exchange protocol!
You could say we're a little late to enter this, yet we're also very early. In just 1 year the price has rocketed, however traders have been preaching the importance of INJ for weeks whilst waiting for an entry point. Right now is a fantastic entry point, as you can see the candles have been consolidating for SIX WEEKS+ along the support barrier, holding strong for the next pump.
The yellow S/R lines extend out to the end of Q1 2022 (March 31st), and just take a look at our potential highs here, absolutely rewarding! In terms of the 100x hodl opportunity, this comes into play later in 2022 as the number of holders increases due to the rise in price, awareness of the cross-chain derivatives (crypto + stocks etc), the smart contract promises from ETH delayed until 2023 and the rise of the NFT community.
Personally I entered INJ at $11.35, for transparency.
Drop a follow to see the other gems im investing in, and trade safely crypto fam.
Bitcoin Rejects $60K 😱Bitcoin made a run to regain the $60K handle but has since been sold off back down to support in the high $50K's. We saw fierce resistane at $60K as anticipated, and confirmed by several red triangles on the KRI. We are currently finding support at $56.8K, and if this does not hold, we should see further support from $55.7K, a relative low. The Kovach OBV is very bearish, which may indicate that we are starting to look oversold and that a relief rally may be near. If $55.7K does not hold then $54.3K is the next support level below.
Oasis Network Breakout OpportunityThis crypto has broken out with good volumes and could Retest in daily candlestick chart, and may rally further.
It is a small cap and the markets are showing signs of weakness. so this trade is of high risk and due caution is advised.
A good point of entry would be around 0.32 USDT, which is the point of retest in Fibonacci levels and previously higher trendline.
Risk Reward Ratio - 2:1
SL placed below major support and below trendline.
SOLANA - 300.0 See You Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SOL is overall bullish trading inside the blue rising broadening wedge and now sitting around the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H4: SOL formed a valid inverse head and shoulders pattern (in orange) but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Knowing that SOL can also reject the red trendline to form a third swing around it before breaking the gray neckline.
Meanwhile, until the buy is activated, SOL would be overall bearish from a short-term perspective and can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
[WAVES/USD] Another WAVES up or WAVES down? [BTFD-VIP]Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<<
Comments and questions are welcomed below, please feel free to ASK anything!
HOW TO TRADE THIS CHART?
First like/thumbs up the chart then read below.....
We have been watching and trading WAVES in the VIP group in the last weeks and has been vastly profitable due to its adoption and ability to access the dex from iPhones and androids phones.
Its certainly a viable alternative to ETH and other coins and would like to see it do well, i can see WAVES above $100 in next 2-5 years so getting a few K could be a very smart move, the smartest move was when under $1 but if it can come back down to the $2.5 area i would be happy to fill me bags aiming for $4.6 for the first target, $6.7 for the second and thirdly $7.8 and higher!
it may not come down so low as currently its on support from a regressed trend line from the previous channel, aggressively we could enter from around here (low $3.2 area) if looking for the long to mid term hodl, this seems pretty safe...
IF WAVES breaks this trend support we could see it fall to low $2 area
disclaimer: this is for entertainment purposes only and not be considered trade advice
could it be?...the analysis is self-explanatory, we can see the price has broken resistance and tested it as new support, and that same area happens to be in line with the 38% fib retracement, if the price manages to hold this position on a weekly candle close then I believe we could see a higher ETH possible reaching 6000+...
Bitcoin Continues to Slide, What are the Next Targets??Bitcoin has continued to slide, cutting through support levels to the mid $50K's. We identified several support levels from below $60K, and we are finding support at these exact levels. In particular, $55.7K appears to be providing good support at the moment, however the Kovach OBV is still quite bearish. Targets below include $54.3K and $52.8K. We are starting to look quite oversold, so anticipate a relief rally, even if it is but a retracement into the bear trend. If we see such a rally, $60K might be a good target, and will now provide resistance, where we once saw support.
BitcoinI know what you're thinking, Natalie it's never going to happen.
But
Haven't we been doing this long enough to say it CAN'T happen?
Remember the good ole days when we used to talk about how uncorrupted bitcoin is? How it was the currency of the future?
We now have sponsorships the Arena, sports clothing, it's in the banks, a Nation has adopted it as currency.
So by now it's corrupted just enough to treat like the other markets we have, forex, stocks, housing.
I can make a case for bitcoin to go in either direction, and a small part of me feels like it could still see 600 in a flash crash, because gaps fill, wicks fill eventually.
If we do drop, that just provides a better buying opportunity for us.
I'm interested in hearing about your idea, what do you feel will happen?
I did do this on the monthly but I have no time frame for how everything would play out, it's just how I see it happening.