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Cryotocurrencies

Bitcoin (Maybe I'm paranoid)Top down from Monthly/Weekly We have been very Bullish the past 6 months although we did create nice HH/HL's on the Weekly showing signs of strength but on the Daily the legs are getting shorter and it looks like we running low on bulls. If this creates a Double Top we may be heading back down to one of those green areas of support. We have 2 major areas of Support that are the possibly great buy opportunities however normally I would say "buy every dip" but we want to be careful and not "catch a falling knife" because we have reached crazy highs and Bitcoin is well known for Whales to create big splashes in the crypto market and bring some crazy Volatility. Everyone has gotten Stimmies/Taxes and bought into Bitcoin because of all the news and advertisement its getting. Usually once it hits mainstream its too late to invest and you have to wait for the dip or experience a lot of pain. We all know our brains can only handle so much pain before it goes into relieve gear and then you will have taken a loss because you couldn't bare it any more. So just pay attention drown out the hype! I could be completely wrong and we may go up to 100k before we correct but I promise one thing a correction is coming so be prepared! The market only moves 3 ways Up, Down, and Sideways. This is not financial advice and you should always do your own DD and make the right investment for you that suits your financial needs! Sincerely, 2017 HODLer who bought in at 20k. Greedy little piggy I was! Don't be me.
COINBASE:BTCUSDShort
by mindyabandz
1
Enjin coin - Will ENJ Continue Up?You can see that there's been a wave of money flowing in--5 times in a row (granted, they're diminishing, but still...). Plus, ENJ has experience and "product placement" having its coin listed on many exchanges. Enjin Coin, as a company, has landed some major partnerships, and is poised to capture both the video game and the NFT crowds. Not financial advice, but I'm definitely long on ENJ. If you've got your investment account--or even your savings--all-in on crypto this year, then ENJ deserves a look for allocation.
Long
by ericpaulmangin
BTCUSD ⚡ Price IS Moving DOWN 📉As we can see, the price stuck at the resistance line. In today's idea, the resistance line and the support zone also play a major role. Note that there is a crossover between the support zone and the support line. I think there is every chance that the price will be able to get there. We have a hint, we can see how the resistance line beats the price well. I think this time the movement will be repeated. Today I think that the price will turn down and start its smooth downward movement. As for me, this will be a profitable drop to the support line.📉 Do you agree?) Your Solldy.
BITSTAMP:BTCUSDShort
by Solldy
37
DOTUSD - BIG MOVE COMINGI'm a big believer in the simple stuff. In my experience simple TA, time and time again, has outperformed the times I've taken a more complicated approach. I've learned that all I need to make an educated decision as to whether to enter, exit, or sit on the side lines is the basic stuff; Volume analysis, basic support & resistance principles and the basic chart patterns (maybe an RSI too). For you new traders out there, it's important to remember that TA never works all the time (the market can and does some crazy things), my conclusions based on TA have failed me and yours will fail you too. This premise won't change, regardless of how many indicators are telling you to buy or sell. What you can do, however, is effectively manage risk! TA puts the odds in your favor, properly managing risk will allow you to become a successful trader. With all the new traders entering these markets over the past few months, I'm hoping this helps someone obtain the footing they need. Moving on to DOTUSD... This pair has had an unsurprisingly strong start to 2021 and I expect things to just be getting started. Currently, we are consolidating within a symmetrical triangle. Volume is decreasing at a health rate and a breakout out of range is fast approaching. There is no bearish divergence appearing on the RSI on the larger, more significant time frames ,and the 20 period MA is holding as support. Generally speaking, healthy consolidating patterns, such as this one, after significant moves tend to breakout in the direction on the previous move. This analysis will be invalidated if we see a daily close below $15. Let me know your thoughts in the comments!
KRAKEN:DOTUSDLong
by mdcieri37
4
Bitcoin BTC at these levels. Recharge or more pullback?I'd rather be long than short here but any pullback will be bought. 21M total, at least 5-10% of the initial coins are in test wallets lost forever. Every forgotten a password? Well with the private/publics keys (or nemonic phrase BU) , you lose it, you've lost your bitcoins to destiny. I'm going neutral here until the bulls proves their force after this, much needed, overbought relief. Hopefully, I'll be able to load up cheaper but waiting for dips on this rocket has been a challenge and I don't think it's going to get better? Don't bet the farm on this, it's just numbers on a distributed world wide secure ledger controlled by owners of the assets themselves.... humm...
BITSTAMP:BTCUSD
by UnknownUnicorn2413721
SYSBTC Engulfing SignalDear Subscribers, Today, our Engulfing Automatic Strategy detected the trend reverse with potential growth in the price of SYSBTC. The price broke the resistance line, which in total with the increased bullish pressure, demonstrated by Accumulation/Distribution Indicator, proves the reverse from the uptrend to downtrend. The Ichimoku Cloud is also confirmes this conclusion. We expect the 4.1% price growth from 0.00000387 to 0.00000403. The alert was automatically executed by SkyRock Signals trading bot.
Long
by Skyrexio
2
XLM Breaking Out...?Here’s XLM/USD on the 15-min. 2 things starting to unfold (patience might caution you to wait for more verification, but I like to roll the dice a bit).... #1) XLM is breaking thru that dotted-purple line downward resistance. Has it flipped it into support yet? Well, no. #2) Look at that Red-Blue-Green dashed-lines channel: XLM seems to be moving within there, ya? Granted, it’s not much of a trend, and may already be over, but.... Personally, I’m going to trade long on XLM until it breaks down or reverts back into doldrums. However, if you look on the Daily, XLM is way low for where it’s been trading. I say, “Due for a move up!” The solid orange and blue lines are the 10 & 20 EMAs, just showing recent trends. Anyone else still trading XLM, or is it just me?
BINANCE:XLMUSDLong
by ericpaulmangin
1
What is DeFi?What is DeFi? DeFi - What in the world is Decentralized Finance? The Most Comprehensive Guide DeFi is short for Decentralized Finance. Decentralized Finance includes digital assets, protocols, smart contracts, and dApps built on a blockchain. Given the flexibility and amount of development, the Ethereum platform is the primary choice for the DeFi application, but that doesn’t mean it’s the only blockchain platform. Think of DeFi as an open financial ecosystem where you can build various small financial tools and services in a decentralized manner. Since these are applications built on a particular blockchain, they can be combined, modified, and integrated according to your needs. Just like a lego! What is DeFi Offering? DeFi is offering you control of your own assets. Though many new-age banks and fintech firms promise to provide more control to the users, in reality, you are still trusting in them to manage your funds. The objective of DeFi is to give you full control of your assets, and it can because of decentralization and blockchain technology. Also, many developers of financial apps are adopting open-source protocols for trading through decentralized exchanges. The amount of USD locked in DeFi ecosystem is rapidly growing and up to date is over 7 Billion USD defipulse.com DeFi. It is not a trend; it is a fundamental shift in the way that participants engage with the cryptoasset market, and we believe that it has only just begun. Best regards EXCAVO
FTX:DEFIPERPLong
by EXCAVO
25
How Different Market Players Create Price Action (BTC + Alts)This is just an exercise. I'm not even assuming here that there will be another cryoto bull market. I'm just showing what I think different market participants are doing at each given point in this current "cycle." On this chart, the yellow is Bitcoin, blue is Bitcoin dominance, and orange is TOTAL2 (altcoins). The market is in a long consolidation period. Eventually, one side will be right. In this analysis, there are three main players: Retail These traders individually have a minimal effect on the market, but they provide the liquidity for whales and smart money to enter/exit large positions. This is why they're often late to the party. It has to do both with psychology and actual purchasing power. Whales These chad bros are the ones with the deep pockets, but who know little about financial markets and just want to make their pockets bigger. Whales are more of a wild card. They don't necessarily dictate the narrative, but they have larger purchasing power than retail. In that sense, their moves are pretty obvious, but they're not always right. As we saw recently, whales can be very very wrong, and lose all their money in a giant liquidation event. Smart Money These guys are who dictate the narrative. They have the power. Now, they're not necessarily smart individually, but they're labeled as "smart" here, because they "control" the market. They have even more wealth than your average whale, and will have the final say, no matter what. They can afford to lose a minimal amount of money in the crypto market. In fact, the entire market cap of Bitcoin can be purchased by a single one of these entities with ease. Now of course "smart money" entities may disagree with each other. But it's fairly easy to see where they enter and exit, because they need the most liquidity. Their moves occur at the highest volume peaks, when even whales have capitulated. ****Small Chart Edit: Smart money most likely exited prior to or during the big liquidity event. Not precisely at 10.5K. Then some may have bought back near bottom while others who weren't in already were able to buy In crypto, I don't believe smart money has really entered the altcoin market much, but I do believe that whales who have been present in this market do indeed buy altcoins, with the hope that larger entities may buy them. One reason why Bitcoin tanked a bit harder than alts recently is that there are more whales and smart money in Bitcoin. Those big sellers did not exist in such large numbers with altcoins. Hence why alts are back above their support from this past December. My reasoning for coming to these conclusions also has to do with volume (particularly on-balance volume, which has been extremely high for alts over the last year) and the relationship between Bitcoin and other cryptocurrencies. At certain points, altcoins have outperformed Bitcoin, but not much during the last two years. However, they've been slowly creeping up on their ratios since last September. We don't know whether or not this will continue, particularly since alts seem to be losing some dominance to Bitcoin as it recovers. For dominance to continue heading lower, I'd prefer to see Dominance decline as Bitcoin rises. If Bitcoin suddenly explodes to ATH levels, I can see this happening...but if global markets are about to head back down, alts may suffer again and begin to lose their strength against Bitcoin. Making an analysis like this helps me to understand "why" things happen. It helps me stay calm and rational. Even if crypto collapses entirely over the coming years, charts like these will help me understand what caused the big moves, even if it's only speculative. This analysis isn't meant to predict what will happen in the future. It's just to show the behavior of market participants over time. Of course, let me know your thoughts! This is not financial advice. -Victor Cobra
BITTREX:BTCUSDLong
by VictorCobra
6