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WBTCUSD

WBTCUSD - Bullish Opportunity Harmonic Pattern FormationWBTCUSD is currently forming a Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern, characterized by distinct price swings, is indicative of potential trend reversals or continuations. The completion of this pattern at Point D suggests a probable bullish momentum. Trendline Confirmation: Additionally, the price action is in alignment with a trendline, further reinforcing the bullish sentiment. The convergence of the Harmonic Pattern and the trendline adds strength to the potential upward movement. Key Support Level at Point D: Point D of the Harmonic Pattern coincides with a significant support level, increasing the probability of a bullish reversal from this point. This confluence of factors enhances the reliability of our analysis. Trade Setup: Entry: 64216 Stop Loss: 59513 Take Profit Targets: TP-1: 68786 TP-2: 73522 Rationale: The entry point aligns with the anticipated bullish momentum from Point D of the Harmonic Pattern and the key support level. The stop loss is strategically placed to limit potential losses in case of an unexpected market reversal. Conclusion: Considering the Harmonic Pattern formation, trendline confirmation, and support level dynamics, we anticipate a bullish movement in WBTCUSD with favorable risk-reward ratios. However, traders should monitor price action closely and adjust their positions accordingly to mitigate risks and capitalize on potential opportunities.
BINANCE:WBTCUSDLong
by MZ_FX_
New listing WBT token TODAY + The Fed meeting (FOMC)WBT token of the largest European crypto exchange WhiteBit continues to master the crypto space and is listing on other crypto exchanges. We wrote about what WBT is and why we like the clear tokenomic of the project in our previous idea WhiteBit team continues "to invade" the crypto market and today will hold the 3rd listing of its own WBT token on another crypto exchange - MEXC After two previous listings of WBTUSDT on other crypto exchanges, the price of WhiteBit token reacted with growth. Confident consolidation of the price above $10.25 and possible continuation of growth to one of the levels of $17, $18, or even $21. On the other hand, now the price of WBTUSDT is close to the critical level - $10.25 Below it, there is no liquidity on the chart, and therefore the price may fall to $6. Therefore, it is also a good trading strategy to put "buckets" there for a possible price fall. Separately, we would like to highlight and remind you that in 9 hours there will be a Fed meeting - Federal Open Market Committee (FOMC) - Most likely, the financial markets will perceive the rate increase by the projected +0.75% or less positively. - If the rate rises by +1% or more than forecast - the financial markets will be absorbed by "the red color". Today, be careful and cautious when making trading decisions. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
19
WBTUSDT 4h Our Long-term trade, filling 3 out of 4 orders WBTToday we will show a clear example of how works long-term purchase with delayed limit orders or, as the people say, "buckets in a downpour" A few days ago, we published the WBTUSDT chart and, accordingly, 4 levels for long-term token buying. As we like tokenomic of WBT and consider it promising. More details about this in our previous idea: In a matter of hours after publication of our idea, the WTUSDT price soared twice. Let's be honest, we didn't record 100% profit, because our take profit was $12.60, since we wrote the ideas. But this is a long-term investment, and we did not expect such a quick growth) Then there was the fall of the entire crypto market, and of course the WBT price was not an exception and fell as well. But we were a little lucky on the fall. Delayed limit orders - "buckets" were filled on the strait. Now we have an average purchase price of $3.50 per WBT and it is still twice as expensive as the start of trading, for which we were late) But this is our deliberate long-term investment with a part of the trading deposit allocated for it. And we will not fix profit faster than x4, and maybe even higher, let's see what the cryptocurrency market will be like. But two hours ago they published a tweet about the listing WBT at Huobi on 09/22 This is only the first listing WBT on crypto-platform other than "the parent", but the price WBTUSDT has already been well bump up per 2 hours. Summarizing: We still have a limit buy order at $2.5, and we are placing another one at $2.25. But this is if we are lucky with a bonus to the main position at an average price of $3.50) Our minimum long-term investment target is $12.60 per WBT, and the maximum is not yet known) You decide whether to buy WBT or not, because these are your assets. We are just sharing the method and our experience of buying "buckets" that have been working on the cryptocurrency market for years _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
15
WBTUSDT 4h New cryptocurrency token, buy it earlyToday, we want to introduce to you a new trading token WBT - token of the largest European crypto exchange - WhiteBIT On August 14, a presale of 1 million tokens was held, which were sold out in 15 minutes. A great result. On August 25, token trading started at $1.90, and then the excitement and confidence in the WhiteBIT crypto exchange drove the value of the WBTUSDT token to $6.34 at the time of writing the idea. Currently, in circulation - 66 mln. coins Yesterday there was a price squeeze to the liquidity zone of $5.40, which was sharply bought back. That is, currently, an aggressive buyer is ready to buying WBT and not let the price go lower. Our expectation for the coming days is to reach the $8.35 mark for the WBTUSDT price. Basic conditions of tokenomic: - maximum issue - 400 mln. (of which 200 million will be unlocking within 3 years) - weekly token burning according to an open formula. The exchange will redeem a weekly amount of tokens equal to the sum of 33% of WhiteBIT's trading fees and 5% of other uses of the exchange. For example, 30.08.22 burned 973841 WBT, the next burning is on 06.09.22. - reduction of trading commission and high 40-50% for staking to WBT holders - own blockchain, launchpad, listings... In short, a complete full package, which is cleverly packaged and implementing I n our opinion, there are many similarities "in packaging and promotion" with the most popular exchange token BNB. We are not implying anything, but the BNB once cost $0.50 and at the maximum it was $691 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
26
BTC Throne Challenge 😱(WBTC beat BTC to over $200,000 in a Day)Like And Subscribe (Thanks for the support😊). "BTC is King" I have heard this countless times without number but what happens when BTC backed brother stands a better chance of over throning BTC? Before You say "Oh Makaveli that is so impossible🙄 ", Wait! first let me introduce you to the younger coin brother that stand the chance to out run BTC faster any time BTC Lifts a leg up to make any Move because of the Usability of this younger coin brother. This is no other coin than Wrapped BTC. Everything changed for BTC Younger coin brother also Called WRAPPED BTC (WBTC) on the 10/01/2021, Kindly Take a good look at the price action Performance of WBTC on 10 January 2021 on the Binance exchange But first let's Understand What Is WBTC.... What is Wrapped Bitcoin ? WBTC stands for Wrapped Bitcoin and is simply an ERC20 token that represents Bitcoin. One WBTC equals one BTC. simply meaning that BTC can be converted into WBTC and vice-versa. Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain. Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019. According to CoinMarketCap,WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner. WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications. The goal is to bring Bitcoin’s price value into play and combine it with Ethereum’s programmability, Therefore the major Key advantage of WBTC is its integration into the world of Ethereum wallets, dapps, and smart contracts. The concept of WBTC emerged in a bid to improve Bitcoin’s functionality and usability. Consequently, these tokens help provide more sophisticated financial services to traditional BTC holders. Who Founded WBTC? According to CoinMarketCap,the Wrapped Tokens project, of which WBTC is a part, wasn’t founded by individuals but is rather a joint project of three organizations: BitGo, Kyber Network and Ren. You may now be wondering, “ but why would I want to convert my BTC over to wBTC ?” well,Wrapped Bitcoin users can even gain access to DeFi lending and borrowing networks without actually giving up or trading their Bitcoin directly. But How about Safety Makaveli, how safe is WBTC ? I have No doubt that whenever you involve third-party custodians that custody large amounts of Money (Bitcoin in this aspect), mint new tokens, and monitor the value of the Bitcoin collateral, you have a market ripe for a concentration of power and power can change anyone or any organization. So yes, I will state it clearly that the concept of WBTC is fairly safe in the sense that the technology itself is sound. However, there are still some risks that you should be aware of before you decide to convert your BTC over to WBTC or invest into WBTC for long term. One of my main concerns arises from the trust-based models of early WBTC platforms. in the sense that In this scenario, there is always a risk that the platform could somehow unlock the real BTC and leave token holders with fake wBTC. So please do your own diligent research before getting yourself into WBTC as this Post is by no means a financial advice. What is my near future target of WBTC? The current All Time High(ATH) on WBTC binance is currently around $200,700 zone which was hit on the 10 January 2021. As a result of the Demand and liquidity growth of WBTC at the current stage, we could see a rise to above $100,000 ones more before the end of 2021.
BINANCE:WBTCUSD
by MachiavelliTrader