BTCUSDT - Long Scalp Near Resistance Plan to enter a trade near ~$19k, e.isomething like $18.7k - $19.k. Targeting $19.4k+, invalidation ~1.5% in in the opposite direction
Reason: Due to the strength and speed of the pullback, I expect another test of the resistance level at $19.4k soon.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
FTX
Bullish case for $YFI 4/HI have entered a long on YFI at 24200. If YFI is able to show stability above the bottom trend line I may add to my long. It has also been supported by the 4/h 200 EMA. If this short term downtrend reverses I'd expect it to run back up to 28000 and if it is able to break the downwards resistance we may be able to see it retest the line of resistance to make one of those inverse H&S patterns to ultimately reach back up to around 31000
Trump Feb Winhey everyone,
I will be discussing the Trumpfeb token which is traded on FTX.
This token will give one dollar to those that bought the token if Trump is still president on February 2021, or 1 dollar to the one that sold it.
it is a token with leverage so quite risky to be honest, so do not try it if you are not used to leverage.
I put this idea here as it will help me follow the different events and see how the market reacts to it.
I disclose my position to you, I think Trump should win as he won before the shenanigans but it is sport to see how it plays out.
I hold some Trumpfeb that I bought around the 1.10 on average.
A lot has happened since the election, but I will talk only about the events starting today.
If you have some comments to make or you want me to amend certain comments that are not factually correct, comments.
I will update this idea daily, so come back to see how it changes.
By the way, I will be impartial which means no emotions, if you see some partiality tell me.
The green rectangle is the area at which if trump holds for several days win in my opinion.
Cheers,
Cryptomamy
SHORT - WAVES - TOPHello everyone and welcome back to Cryptocue.
To start off, we are going short FTX:WAVESPERP , volume been off since the last drop and now it's been struggling at the same resistance that made that drop happen. Bearish divergences on both Volume and RSI indicating that this might be the top, also r/r is pretty much nice here.
Entry: 8.2240
Target 1: 7.1665
Target 2: 6.2140
SL: 8.4360
Most of our trades are going to be taken on FTX, if you haven't registered here's a link for a 5% off fees: ftx.com
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The Most Important Horizontal Zones During the Consolidation IIHi everyone, in this technical analysis I want to follow up on the previous idea, now that we have more information on what happened with the recent price movements on BTC.
Here I published that I believed the price would move downwards even though the price was only halfway the horizontal zones. This wasn't a good suggestion in retrospect, why would a trend suddenly reverse if it's not at a pivotal point such as near a horizontal resistance zone.
If we zoom in and look at the blue box, we can see that the price beautifully continued directly towards the first one of resistance. Now, on the 1h we are seeing an immediate rejection candle. I suggest to enter a short position towards the support zone, and only then enter a long position for the next bullish continuation of BTC
Trading-Guru
Bitcoin Market Daily StructureThats how i am going to play the market for swings: As we see Market structure broke down and todays daily candle close will confirm it. I expect bulls defend to reclaim that Phl which will be a rejection and its in 183 area thats where i will open a swing short with confirmation. It might be a wick. Only reclaiming will be back in uptrend. After rejection we will make new Lows.
PHL= Previous higher Lows
MSB= Market Structure Breakdown
Bitcoin Perpetual Swaps v Spot basis suggest overlev longs Bottom indicator showing some important Perpetual Swaps contracts vs Coinbase price basis
baseline = spot price
basis positive = swaps trading at premium (generally strong over-leveraged LONG exposure ), push longs paying funding to shorts
basis negative = swaps trading at discount (generally strong over-leveraged SHORT exposure ), push short paying funding to longs
We can observe ongoing existence of what is likely to be over leveraged longs.
The swaps been trading significantly at premium.
Trading at premium mean that swaps funding rates rise substantially and consistently putting pressure on longs since longs pay shorts.
Market-markers are on the receiving side of that funding to offset the risk of being against the trend while providing liquidity to a market that may for the moment may be losing some steam on the demand side waiting for a pullback
Price been trading consistently above the trendline which remain intact but the swap-spot basis suggest a strong pull may occur in the future. Staying full long (specially if entry is very recent) in what looks like a very possible local top, even if we wick towards 20.1k, is very risky.
Trump's Odds Drop to 33%, Easy 3x in 1 Month?Trump was diagnosed with COVID last night. His betting odds have dropped to under 34% which means you could easily triple your money if he wins. Chances are high (99%) that he will survive the infection. And chances are also very high that he will win the election.
Many will say "look at the polls!" but as we know from the 2016 Wikileaks and election results, the polls are manipulated by oversampling democrats, and the mainstream media plays right into this bias:
"I also want to get your Atlas folks to recommend oversamples for our polling" wikileaks.org
"Hillary Clinton has an 85% chance to win." NYT. November 8th, 2016.
"Chance of winning: Hillary Clinton 71.4%. Donald Trump 28.6%." FiveThirtyEight. November 8th, 2016
"Clinton has 90 percent chance of winning" Reuters. November 7th, 2016.
"In the four way race, Clinton tops Trump by a 45-43 percent margin. She was up by three points a week ago (44-41 percent) and by six in mid-October (45-39 percent)" Fox News. November 5th, 2016.
"Bottom line: Using the Princeton Election Consortium’s methods, a less aggressive assumption (sigma=1.1%) leads to a Clinton win probability of 95%." Princeton University. November 6th, 2016
Obviously the mainstream media polls and election forecasting methodologies cannot be trusted, and are being heavily manipulated by the center-right and the left. I would bet that Trump's chances of winning are very high, and that his base is quite fired up for him. According to a recent Gallup poll 94% of republicans support the president and 39% of independents support him as well. According a recent ABC News poll, only 86% of democrats have a favorable view of Biden (independent results not available). From what I've personally seen it seems most democrats are only voting for Biden because he's "not Trump," which doesn't give him much momentum. Had the democrats nominated a far-left candidate like Bernie Sanders, the results would be much harder to predict.
I think the democrats will become radicalized after this election and nominate a far-left candidate, and they will likely win the 2024 election. For now, the radicalized far-right Trump has much more momentum than the middle-of-the-road center-left Biden, and there's a very good risk/reward ratio on this bet. Also there's a chance Trump's betting odds get even lower the closer we get to the election, like it did in 2016, so it might be a good idea to save some money for that. There's obviously no guarantee that Trump will win but the risk to reward here seems very good.
(BTW this is not a political statement, just simple observation. I will be voting for the Libertarian Party candidate. I don't support either authoritarian party.)
SUSHI - LONG, Slowly Climbing BackUNI farming will end soon (at Nov 17) and sushi looks like a hot buy again, flipped the first S/R at $1.3 it seems.
It's not just a farm anymore, it has stable yielding cashflows (sushiswap fees, xsushi stacking), constantly rising TVL and future products (Bentobox (Margin trading any alt pairs), Gusoku, MISO).
I'm long from $1.19 avg, targeting $2.0. Let's see how it plays out.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
ETH - Sell-off after rally (scalp)Eth experienced 8% sell-off after yesterday's rally.
Overall still it looks good (fundamentals, market etc), but short term it could be sold into $450 resistance (considering BTC PA). Placed some asks and patiently waiting.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
ETHUSDT - Target hit | +20% in 3 daysETH has reached my target but it doesn't seem to stop! +20% since ETH 2.0 deposit contract announcement btw.
I wonder how high it'll go. Last run was stopped around ~$477.
Bullish, scalping, buying dips.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
Bitcoin : Can be it be that simple?Once again Bitcoin showing the bears who is BOSS, Sometimes, simple works best.
There is a obvious Bull Flag / Bull Pennant pattern.
In extremely fast faced bull markets sometimes these patterns can form on a slanted angle and still breakout upwards.
Other important things to note ALTHOUGH we are under the orderblock resistance on Bitmex chart on Huobi we are well above it.
We need to hold the crucial support levels 13630 for the short term upside, 13280 for general uptrend.
The targets are the above resistance areas.
ETHUSD - Ethereum lag behind BitcoinBitcoin is leading (made a new ATH), Ethereum is lagging but it has broken substantial resistance around $400 and is ready to test $450 again.
(Macro) ETH price touched weekly support and heading to weekly resistance now, looks easy.
Long ~$390-$400 dip would be a no-brain trade for me, but not sure if I will get such an option. Currently in a really small long from $410, just to not miss the move (will add more if it goes south).
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
LINKBULL.USD (Y20.P4.E9.v2).Big opportunityHi All,
For only FTX users and potentially similar setups on other platforms.
Looking at LINK.USDT and LINKBULL, there are similarities. Having the advantage of knowing that LINK.USDT broke a key level and might retest it, gives me the idea that this
could also be an opportunity.
We have an ascending triangle and its more likely the 3rd touch on top will give way but 4th is golden.
I already bought LINKBULL and I'm up 40 something percent.
IF, LINKBULL was to pull back, this level would be fantastic for another entry, a fib boost.
I see it unlikely but one never knows.
Cheers,
S.SAri
This might equate to LINK.USDT
on the daily, upward pressure on the indicators