"Harnessing Future Wealth: Zcash and Dash"The Undervalued Gems: Zcash and Dash Coins Beckon as Prime Long-Term Investments
In the ever-evolving landscape of cryptocurrencies, where volatility often reigns supreme, two digital assets have been quietly building momentum amidst the tumultuous waves of the market: Zcash (ZEC) and Dash (DASH). Despite their innovative features and robust fundamentals, both Zcash and Dash find themselves at historically low prices, presenting an enticing opportunity for investors seeking long-term value.
Zcash: Shielded Transactions for Enhanced Privacy
Zcash, launched in 2016, stands out for its emphasis on privacy and anonymity. Powered by cutting-edge cryptographic techniques such as zk-SNARKs, Zcash allows users to conduct shielded transactions, wherein the sender, recipient, and transaction amount are encrypted. This unique feature provides unparalleled privacy, making Zcash a preferred choice for users who prioritize confidentiality in their financial transactions.
Despite its groundbreaking technology, Zcash has often flown under the radar compared to its more mainstream counterparts. However, recent developments have reignited interest in this privacy-centric cryptocurrency. The upcoming implementation of the Halo Arc protocol promises to enhance scalability and efficiency, positioning Zcash for broader adoption and utility.
Moreover, with increasing regulatory scrutiny surrounding privacy coins, Zcash's compliance-focused approach, including its ability to facilitate transparent transactions, distinguishes it as a responsible player in the cryptocurrency space. As regulatory clarity improves, Zcash could see renewed attention from both individual and institutional investors, driving its price upward.
Dash: Pioneering Decentralized Governance and Instant Transactions
Dash, initially released in 2014 as XCoin and later rebranded, has carved a niche for itself as a pioneer in decentralized governance and user-friendly features. One of its standout offerings is the Masternode network, which enables advanced functionalities such as InstantSend for rapid transactions and PrivateSend for enhanced privacy.
The governance model, facilitated by Masternodes, allows Dash holders to participate in decision-making processes regarding network upgrades and allocation of funds from the treasury. This decentralized approach to governance fosters community involvement and ensures that the network evolves in a dynamic and responsive manner.
Despite its robust infrastructure and active development, Dash has faced its share of challenges, including fluctuations in market sentiment and competition from newer projects. However, recent initiatives aimed at enhancing user experience and expanding Dash's utility, such as partnerships with payment processors and integration into decentralized finance (DeFi) ecosystems, bode well for its long-term growth prospects.
The Case for Long-Term Investment
While both Zcash and Dash have encountered obstacles on their respective journeys, their underlying technologies, dedicated communities, and commitment to innovation position them as formidable contenders in the cryptocurrency landscape. The current undervaluation of these assets presents a compelling opportunity for investors looking to build a strategic long-term position.
Investing in Zcash and Dash at their current low prices allows investors to capitalize on potential future appreciation as market dynamics evolve and adoption increases. Additionally, the inherent utility of these cryptocurrencies, whether it be Zcash's privacy features or Dash's user-friendly functionalities, underscores their relevance and longevity in an increasingly digitized world.
As with any investment, thorough research and prudent risk management are essential. However, for those willing to embrace the inherent volatility of the cryptocurrency market and take a long-term perspective, Zcash and Dash represent compelling opportunities to participate in the ongoing evolution of decentralized finance and digital payments.
In conclusion, Zcash and Dash, with their innovative technologies and strong fundamentals, stand out as undervalued gems in the cryptocurrency space. For investors with a strategic outlook and a tolerance for volatility, establishing a long-term position in these assets could prove to be a prudent decision as they continue to chart their path towards broader adoption and recognition.
Disclaimer: The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks, and investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Bullrun
29/01/24 Weekly outlookLast weeks high: $42827.56
Last weeks low: $40677.38
Midpoint: $38527.20
As the first month of 2024 nears its end BITCOIN finds itself back above 40K after spending half of lasts week below the big even level.
There are 3 main FVG's I have my eye on:
- At the previous weeks MIDPOINT level 40.5K (1H)
- The drop from 49K has left a large FVG at 45.5K (4H)
- The daily FVG at 33K (1D)
Price tends to get pulled and pushed towards these areas of imbalance. HTF imbalances have the largest force of attraction so in this case the 33K daily FVG is the main target in my opinion, and there are many possible routes to this destination.
As it stands BTC is above both 40.5K & 33K FVG's and ideally we would need to retest these areas before progressing towards ATH' s post halving which would also mean clearing the 45.5K FVG on the way back up. For me this is how I think it will play out however if BTC pushes towards 45.5K first I will also be prepared for this move.
For this week I'm concentrating on how BTC regains its strength and if price were to reach the 45.5K FVG , I would think about taking any profits from the recent move should BTC look weak, as I have said that 33K area is calling out to be revisited in my opinion.
ALGOUSDT : a PROMISING REVERSAL SIGNALHey traders and crypto enthusiasts! 👋 Today, let's dive into a comprehensive technical analysis of ALGORAND (ALGO), as it appears to be gearing up for a potential trend reversal. Buckle up, and let's explore the charts to uncover possible entry points and crucial support/resistance levels.
Technical Overview:
📈 ALGORAND has been on our radar lately, and the current technical setup suggests a promising reversal. The price action has shown signs of bottoming out, accompanied by positive divergence on key indicators, indicating a potential shift in momentum.
Crucial Levels to Watch:
🎯 Resistance Levels: Identify key resistance levels that ALGORAND needs to breach for a confirmed bullish trend. Breaking through these resistance levels could pave the way for a significant upside move.
📉 Support Levels: On the downside, identify critical support levels to manage risk. Knowing where potential buying interest lies can be instrumental in setting stop-loss orders and making informed trading decisions.
Risk Management:
🛡️ Trading involves risk, and it's essential to implement proper risk management strategies. Consider setting stop-loss orders, diversifying your portfolio, and only investing what you can afford to lose.
Conclusion:
In the volatile world of cryptocurrencies, technical analysis plays a crucial role in making informed trading decisions. ALGORAND's current setup suggests a potential reversal, but always remember to do your due diligence and use risk management tools.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your research before making any investment decisions.
#ALGORAND #CryptoAnalysis #TradingSignals #Cryptocurrency #TechnicalAnalysis #ALGOReversal #CryptoTrading #Blockchain #TradingView
TRB 2ND BREAKOUT : LONG : LET'S START BREAKING DOWN SOME WRONGSI've heard the usual dismissive labels used in reference to what this little pocket rocket did recently, and as always, I disagree. Quite honestly, in all the time I've been analyzing charts, and trust me, this nerd has spent A LOT of time candle shopping, there have been very few instances where outlier price points were so anomalous that they could confidently be considered as having been manipulated. I've cringed at these terms since the beginning, which quickly led to a blanket boycott of chat rooms, the Ideas page here on TV and participation or interest in any "news" including the sensational articles written by supposed professional analysts. When I started this journey, like anyone, I was under the impression that there had been made enough progress in terms of knowledge gained, that the logical approach would be to seek out the most accomplished students of the craft and learn from them.
I found a video course on Forex markets that appeared authoritative (no clue who it was by, but I know it was pretty famous by then) and reached about two thirds of the way trough before realizing "This guy is a joke.". What killed it for me was his comment about the outlier candle-wicks. He simply said to ignore them as they cannot be explained. I don't know about you, but explaining it is kinda the point, isn't it?
I might have saved myself a lot of solitude had I possessed the ability to accept what I'm told by those who have clearly succeeded in the world, but that's never been a pill I could swallow. So, I did the only thing that made sense to me.. I went solo.. If there's nothing to be learnt from the people at the top besides name calling and witch hunts, then I'm clearly better off making my own way. At least it would be free from stigma and ignorance. There was one thing the presenter said that stuck with me, though; "historic price informs future price" or something to that effect.
The next period doesn't register many memories for me. I quickly became lost in a daily routine that was dedicated exclusively to the task. I looked at every single coin I could find, searching into it's historical performance all the way to the point of listing. This, in itself was oftentimes a curious thing, and to be fair, the only point in the life of any coin that I might agree that there very likely is evidence of price manipulation. It would make sense, since the event, at the exact moment of listing, is the only time where the price isn't regulated or expected to conform to the patterns observed on other exchanges. The interesting thing is that most charts start with a peculiarly large spike. Abnormally large on some, and absolutely enormous..
My theory is that exchanges (or the people running that part of the show, which should be senior management), acquire large bags of the coin prior to listing.. Only they really know when it's scheduled, so the moment it becomes available, they create a wall of purchase orders many times the actual price, which is easy, because there has not been a chance for anyone to sell anything, since the coin doesn't exist on that particular exchange, meaning that anyone who buys it thinking he's getting a ticket on "Wen Moon", is immediately stuck with a large back of overpriced coins, panics and adds to the dump.. This happens in silence and the barriers to entry in order to speak to anyone about it (in the limited cases that there's someone to speak to), are insurmountable. There's no community page where traders communicate among one-another so it can be checked, which means there are some fools out there that regularly and anonymously get absolutely smoked, but there's no real evidence of it, and it doesn't show up on any of the other charts, meaning it will likely never be questioned by anyone and the further the chart progresses from that point, the lower the odds of ever getting caught. Who's gonna listen to someone who got cleaned out by a new listing on a crypto exchange? Nobody. He'll be told that he should have known that it's risky and volatility is normal. But think about how many coins exist in the industry, and they get listed in multiple trading pairs and in multiple instruments other than just spot, which exponentially increases the number of instances of this happening, and it happens on all exchanges, all the time..
The reason I don't believe in the simpleton option of perpetuating stigmas, is because by doing so, we admit and immediately project to others that "I don't understand what I'm talking about, have no interest of digging deeper, cannot think independently..", but more importantly, I've concluded that it's not possible for these rallies to be the result of market manipulation, because they conform to the same exact proportional rule-set which governs all cryptos.. The same exact thing is true for the "rogue candles".. They eventually became one of the tree pillars upon which my methodology was developed, and without them I'd never have formed a comprehensive understanding which led to my TA Method.
The popular thinking, assumptions and blatant lies that are baseless, and in time, I'll debunk and disprove all of them.. Not that I expect it will make a difference to most people, but changing opinions is a result of what I do, not the reason I do it..
Entry price: $120.00, but then I wrote all of this, so now it's $148.50.
Target: $ 495.00
Bitcoin - Long-Term Log View - Targeting 200k 🎯Hello TradingView Family / Fellow Traders,
🖇Following my last BTC Monthly log view analysis on November 11, 2022, we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support.
What's Next?
📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull cycle. This aligns with the upper boundary of the green channel and the 250k round number.
⚠️ However, the journey may encounter bumps, leading to sharp correction movements to shake out weak hands.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Filecoin: the most underrated DePIN cryptocurrencyFilecoin: the most underrated DePIN cryptocurrency.
DePIN = Decentralized Physical Infrastructure Networks.
Filecoin is a storage DePIN.
Storage is crucial for not just AI data storage, but for data storage in general, especially as the world is becoming increasingly digitized.
Filecoin is the best positioned storage DePIN project for the upcoming bull market.
It has liquidity, trust, and a real world-use case.
Besides, it's down 98% from its all-time-high.
I believe Filecoin will rise beyond everyone's wildest imaginations.
I expect Filecoin to reach the $20-$30 target before the end of Q1 2024. After a correction, it will slowly rise to a new all-time-high, probably some time in late 2024 or early 2025.
SEI 4H outlookSEI is a project that I have a lot of interest in this bullrun. It boasts the fasted blockchain in the industry and a focus on trading. A v2 upgrade is also on the way, SEI v2 will become the first parallelized EVM blockchain. Staking incentives too with possible airdrops on the network.
SEI's price has increased 250% in the last month and the chart suggests a HTF ascending triangle pattern. Currently the price has been sideways for the majority of the year so far, however, a breakout above the local high with acceptance above would certainly suggest SEI is going higher. This would also be price discovery and therefore uncharted territory for the project. I would then look to take profits using the Fibonacci levels that are shown as TP (take profit).
The orange path line would be a continuation of current price action, the more chop we see then the rally might make some people nervous in the short term. I do believe the invalidation level is clear, if we fall below the ascending triangle and have acceptance under then price will search for a safer footing. I would suggest the FVG $0.35 would be the safest place to go long for a long term hold 12-18 months.
CTSI Possible Long Setup #CTSI BIG Picture - January 21, 2024
CTSI has broken out of a long-term downtrend and is now trading in a new uptrend. The immediate target is $0.2553, and the long-term target is $1.00.
The chart shows a number of bullish indicators, including:
A rising 200-day moving average
A bullish divergence between the price and the MACD indicator
A bullish engulfing pattern on the daily chart
According to Elliott Wave theory, CTSI could be in the early stages of a five-wave uptrend. If this is the case, we could see another pump to $0.30 or even $0.35 before the wave 3 correction.
Here are some key levels to watch:
Support: $0.2553, $0.2250, $0.2000
Resistance: $0.2750, $0.3000, $0.3500
Overall, the CTSI chart is bullish. Traders should look for opportunities to buy on dips to $0.2553 or lower.
Here are some additional thoughts:
The breakout of the downtrend is a significant development. It suggests that the bears have lost control of the market and that the bulls are now in charge.
The bullish indicators on the chart are encouraging. They suggest that the uptrend is likely to continue.
The Elliott Wave theory is a subjective analysis tool. It is important to remember that there is no guarantee that CTSI will follow the predicted path.
for More such Information leave a boost.
Thank you!
Is this the start of bull run in IRFC?Irfc was consolidating right from its listing in 2021. However, few months back, it gave a huge breakout from its supply zone of 25 to go upto 37 levels.
It has recently given a retest of same level and going up to test the levels of 37 again.
If 37.1 is broken, a higher high, higher low trend can be confirmed on weekly basis and it will indicate that a bull run might finally start in IRFC.
Definitely, a safe bet for long term considering the huge developments taking place in railway field.
$Bitcoin for Q1,Q2 and Q3 | Fractal |Hi fam,
Following our previous analysis about CRYPTOCAP:BTC and my clear thought on seeing Q1 a Red one i want to add a fresh view about previous fractals that has the possibility of recurring in coming months.
So here it goes,
a premature top or local top creates at 0.618 fib level of correction wave. Dec 2017 correction wave started from 20k to 3k and bounced. the best guess about how much did it bounce? fib. 0.618 is the answer.
So fib. 0.618 created out premature top before halving event around 13.8 k. the price printed the next low at fib. 0.618 and then my personal fib. level at 0.869 of the last impulse wave as an ABC correction. this was the max pain right before the main move starts from 3k to 69k.
the correction wave duration was 260 days.
-----------
This cycle we saw market top at 69k and correction wave ended at 15.5k (i shared this bottom many weeks before it happen in my ideas).
if we expect to see the last fractal happen again then price must bounce from 15.5k about fib. 0.618. it is what exactly happened. price bounced to 48.5k which matches fib. 0.618 of the last correction wave.
So far it repeated the last fractal by notable accuracy.
-----------
what to expect next?
if we consider 48.5k our new premature top before halving then the correction to levels of 0.618 and my level at 0.869 will give us these numbers:
26.6k and 19.3.k.
-----------
I expect to see price at these levels in coming weeks and months.
Q1 as i said before will most likely to be Red.
Q2 will most likely to be Green with a "B" wave from 26k to 40k.
Q3 will be Res again to show the max pain down to 19k.
Q4 will be mind blowing Green again.
-----------
These are my personal thoughts and might be wrong. Always DYOR.
Cheers!
$BINANCE:BTCUSDT : "Always have two strings to your bow"Hello Fam,
$Bitcoin: Always have two strings to your bow
Bitcoin made a good run as we all expected and broke out of 525 day's high around 32.5k $. It never slowed down till it hit 44.5K $ target. Funding rates are too high and need to reset. RSI is overbought and Stoch RSI is in the same condition. So there will be correction waves too. Correction waves are important equal to impulse waves in uptrend. No correction = Market exhaustion for now 42k is the first level of support that i expect it to be tested soon (fib. 0.5 of correction wave). Next resistance is 48.5k $ ~ 50k $ (fib. 0.618 ~ 0.650) and i believe there will be more side way moves, decline + Dominance drop + alt party, right after reaching that level.
Another perspective is price moves in channels. too many to count, but there are some that can be easily identified. PS: when a trend breaks a channel (either way) it's expected to continue its move as the size of the main channel. The idea matches the fib. levels mentioned above. Price broke 41.5k $ as the midline of the channel. but haven't tested it yet on W1. The upper boundary of the channel shows 50k $ as well.
Weekly closes in 13hrs from now and there will be volatility. I'm not a greedy trader. I am a conservative trader and I believe in the phrase, "Always have two strings to your bow." So, I will partially reduce my exposure to the Bitcoin market and secure my profit just to be able to buy coins at corrections with greater discount.
Short term Bias: Bullish
Midterm Bias: Bullish
- Supports: 42500 - 39500 - 36500 - 32500
- Resistances: 44500- 48500 - 50000
- As always, DYOR before taking any financial decision.
NKE - Just Do It ✔️Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong round number 100.0
🏹 Hence , as long as the 100.0 support holds, we will be looking for buy setups on lower timeframes.
On Daily: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the last major high in green at 107.0
📉 Meanwhile , NKE would be bearish, and if the 100.0 support is broken downward, we can expect a bearish continuation towards the lower weekly trendline where we will be looking for new buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
COSMOS NETWORK AKA ATOMCheck out Cosmos Network , a heavy hitter in blockchain with a whopping $45.416 billion market cap as of writing. This place is a factory for fast blockchain creation and it's got the cash of web 3 VCs backing it. Built on IBC .
Now, let's talk $BINANCE:ATOMUSD. This coin's set for a big leap in the 2024 bull run. Think of it as stacking sats and eth, but with more firepower. This is where the smart money's at.
DeFi is evolving fast. Fall behind and you're just fodder for the big players. (Valortraders will receive institutional funds to trade with within the next decade) Stay ahead and you own the game. Come 2025, the slow ones are going to be left holding an empty bag, while the sharp ones take it all.
We're going to see a lot of new faces buying their first crypto, messing around with their first wallets. But the real play is deeper than the Bitcoin buzz the media's selling. It's about getting in on crypto and DeFi – that's the future.
I've been playing this game for eight years. I know the market's rhythms – it's all about timing and insight. With the right moves, a 100% win rate isn't just possible; it's within reach.
So here's the plan: dive into $BINANCE:ATOMUSD.
This isn't just a trade nor a shitcoin; it's a calculated move.
We're going to ride this wave and come out on top.
Cheers to all the winners and the liquidity givers.
Valortraders on top. Shaking up the trading industry one line of code at a time. Always looking for visionary builders with strong skills. Don't hesitate to DM me with any questions. My purpose is to help people become better traders.
ETH bull run This chart is a simple Elliot wave analysis of the cryptocurrency Ethereum. This chart is on the monthly timeframe using a line chart for a clearer picture. The starting point is an impulse leg with a small pullback with indicates impulse instead of correction. Price after completing 5 legs with an extended 3rd leg finally topped and retraced perfectly to the 0.786 Fibonacci level. The retracement was also a near perfect fib extension of first corrective wave down (not drawn). At the current moment price appears to have finished the correction with the final (Y) wave down and shown impulsive wave characteristics. I predict a bull run from here and suggest buying for a long term hold whenever the market has a pullback.
Pre halving BTC: institutional greed, chaos and orderWith less than 100 days remaining until the next halving, BTC has followed the projected trajectory. Given the buzz surrounding ETFs and the current market conditions, a pullback seems probable. The initial support rests at 36k, with the subsequent support at 32k. The initial support will probably uphold the price, so I'd suggest a 65/35 liquidity split between these two zones. Until the all-time high is broken, discussing the next bull run may seem premature, but it's important not to underestimate institutional greed and Bitcoin's inherent scarcity.
BTC Blue Print Update 9 Months Later!Here's my update on my previous BTC post 9 months ago.
So far so good, is the major correction coming soon? I'm definitely looking forward to it.
If you're into crypto I would highly consider not to pass on this possible life changing opportunity!
I'm only posting this as a future reference for myself, journal and learning purposes.
Not financial advice.
BTC - It is a matter of time ⏱Hello TradingView Family / Fellow Traders,
📈 BTC has demonstrated an overall bullish trend, trading within the ascending channel outlined in red.
Following a rejection at the 48,000 - 50,000 resistance range, BTC experienced a decline and is currently approaching the lower red trendline.
Additionally, the zone between 44,500 and 45,000 serves as a robust support area.
🎯 Therefore , the highlighted red circle signifies a significant zone to consider for potential buy setups. This area is noteworthy as it marks the convergence of the blue support and the lower red trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As BTC nears the red circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Is it time for CFX? Thanks to SEC's BTC-ETF approve alt-season is gonna carry on. What I am looking at is 70% potential move and beautiful triangle pattern after big impulse in October. We need only one confirmation to go up which is break the downtrend channel in 1D TF, also closing candle around 0.22 in 1D TF is gonna be huge confirmation too. I will be taking profits at those green lines.