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EURUSD:: IntradayBy taking a deeper look at Daily chart we could easily see a bearish move! Latest reaction was to top of the channel an we are going to reach to bottom of the channel. However, We see the RSI is forming a trend line which seems hard to be broken down. I think we could see a reversal to MA of RSI. So we might have one or two range days. Therefore we are both ready for Bearish and range days. By taking a look to 1h chart we could see that a great zone to short the pair is available! However by breaking the 1.0770 we could consider the trend bullish. What is obvious in the main chart is that today Fibonacci R1 is in coincide with yesterday Pivot and these two are perfectly in our zone! I'm waiting to sell from there! the channel in 15m chart could be used as liquidity hunt! These are important levels of today you can search for more reasons or places to short the pair
Short
by AliSignals
Circuits of Value (COVAL) - OversoldOn the above 1-day chart price action has corrected almost 90% since the beginning of the year. Now is an excellent moment to be long. Why? 1) A buy signal prints. 2) Price action and RSI breaks out from resistance. 3) The BTC pair matches points 1 & 2. (Chart below). 4) Top 10 Holders control 25.06% of supply on a $50m market cap! This is fantastic. I don’t know of another low market cap that has such fragmented circulation. This is a very important point. Most $50m to $100m market cap token struggle to drop below 95% in the top 10 circulating wallets. At $2.7b market cap tokens like Sandbox has 83% in the top 10. Axie Infinity has 98% of circulation in the top 10! XRP... don't get me started. Is it possible price action falls further? For sure. Is it probable? 5% to be technical. Good luck! WW Type: Trade Risk: <=6% of portfolio Timeframe: 1-3 months Return: 500% minimum 12-hr BTC pair
CLong
by without_worries
18
A 500% move for Weight Watchers in the weeks ahead?Penny stocks are excellent fun during market volatility, they move as fast as crypto charts. Thusly chart patterns reveal themselves with pace. On the above 2 day chart price action has corrected 90% since October and even more so since Oprah Winfrey decided it was time to exit. Now is an excellent long trade. Why? 1) Price action and RSI and MFI resistance breakouts. 2) High positive divergence. Price action prints lower lows with each successful higher low in RSI and MFI. 7 oscillators print positive divergence. This is equal to the bearish divergence print from last October. The divergence indicator is powerful once the correct settings are used. 3) The falling wedge/pennant breakout. The forecast for this trade is almost 500% as measured from the yellow arrows. If you’re interested in Technical Analysis, this is how you measure such a breakout. 4) Zero stock splits! 5) Short interest is unbelievable. Who holds a short contract after a 90% correction? Funds do, that’s who. Short Interest Float 19.49 % Off-Exchange Short Volume Ratio 62.05 % source: fintel.io Gamestop had a similar short interest size before it mooned. Don’t take my word for it, look it up. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: Trade Risk: <=1% Timeframe: You decide Return: 400-500%
NASDAQ:WWLong
by without_worries
23
Market Analysis: RNDr Coin Deep Dive🔍 let's delve into the RNDR project. RNDR, short for Render Token, is a project aimed at decentralizing GPU-based rendering solutions. It leverages the power of blockchain technology to connect users who need rendering work done with GPU owners who have spare processing power. This innovative approach aims to create a more efficient and scalable rendering ecosystem. 📉 As seen on the chart, RNDR has experienced a sharp decline and is approaching the support level at 6.999. This support is crucial as it is marked by a primary support line in blue, which holds significant importance for the price action. ⚠️ The RSI is currently at 29.06, which is in the oversold territory. This suggests potential for a short-term bounce, but the overall bearish trend remains strong. The sell volume has been increasing, indicating that the bearish momentum is still intact. 🔻 For a short position, consider entering if the price breaks below the key support level at 6.999. This would confirm the continuation of the bearish trend. The increasing sell volume supports the potential for further declines. It's recommended to set a stop-loss order above the recent high around 7.141 to manage risk. 📉 The target for the short position would be the next support level at 6.237. Monitoring the volume is crucial; if sell volume continues to rise, it strengthens the bearish outlook. 📈 A long position might be considered if the price shows signs of a reversal from the oversold RSI condition. If RNDR bounces off the support at 6.999 and breaks above the descending trendline, confirmed by a break above the trigger level at around 7.300, it could indicate the start of a bullish reversal. 🛠️ Wait for the price to break above 7.300 with increased buy volume before entering a long position. The next target for a long position would be the resistance level at 8.397. It's important to set a stop-loss order below the recent low around 6.870 to manage risk. 📝 In conclusion, RNDR is exhibiting strong bearish signals. For short positions, wait for a break below 6.999 with high sell volume. For long positions, look for a bounce off this support and a break above the trendline trigger at 7.300 with increased buy volume. Always monitor RSI and volume indicators closely to confirm momentum shifts. Manage risk appropriately, especially in such volatile market conditions.
R
by itsparham96
2
Market Analysis:ACH Coin Breakdown🔍 Let's dive into today's analysis. The market shows a bearish momentum, and the coin we are analyzing today has the potential for a sharp drop in the 4-hour timeframe. Bitcoin Analysis 📉 Starting with Bitcoin in the 1-hour timeframe, the support level discussed yesterday has been broken. The price has now reached the trigger at 65197 and may start correcting and resting. 📉 If this trigger is broken, we can move towards the 64429 support, which could be the next target. 📈 Breaking 25.23 in the RSI could bring even more momentum into the market, potentially targeting levels like 63356. ⚠️ A crucial point to note is the significantly increasing selling volume, indicating the strength of the downward trend. 🔻 Overall, I consider Bitcoin's downtrend more likely than an uptrend and will be looking for short positions in the market today. ACH Coin Analysis 🔍 Now, let's look at the ACH project. I haven't researched it extensively, but I know it's a bridge for converting fiat currencies to crypto. If you'd like a comprehensive analysis of this project, let me know in the comments, and I'll do that for you. ACH Coin Chart Analysis 📉 As seen on the chart, ACH has experienced a very sharp decline and is moving towards the support at 0.2168. This support is significant as it aligns with the 0.786 Fibonacci level of the 1-day timeframe wave and the 1 fibo extension point, making this area even stronger. ⚠️ However, never underestimate the power of momentum. If the RSI stabilizes below 24.29, the bearish momentum will increase, and we might see lower prices like 0.02034. Therefore, despite the significant drop without a correction, I recommend opening a position with low risk and small volume if the RSI breaks 24.29. 📉 The volume of ACH is also increasing, indicating the strength of the bearish momentum. Daily Timeframe Quick Check 📅 Lastly, let's quickly check the daily timeframe. As shown, the price is in the 0.707 to 0.786 Fibonacci range. If this range breaks to the downside, the price could even correct to the 0.01761 area. 📝 In conclusion, both Bitcoin and ACH coin are exhibiting strong bearish signals. Bitcoin's support levels and RSI indicators suggest potential further declines, while ACH coin's sharp drop and increasing volume indicate a strong bearish momentum. Caution is advised, and for those looking to open positions, it's crucial to monitor RSI levels and volume indicators closely. Always manage risk appropriately, especially in volatile markets like these. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
ZK airdrop & CEX listing today. Expecting price to revisit US30¢Ultra low timeframe v.high risk trade: Sold some after claim. But bought back in again at ~0.25 USD. Setting sells at around ~0.3 USD with a trailing stop loss. Optimistic reminder to self: Even if failed to hit target and left holding ZK instead, already increased initial ZK holding by a small % at the initial re-buy in point for longer-term hold; ZkSync being a super decent L2 project anyway. 5 min Chart: Note: Measured move target estimated from the lowest level to the level when ZK first entered into the sym-triangle pattern. 1 min Chart:
Long
by cybernetwork
Onyxcoin (XCN) - Possible 100x opportunity? The alt-token market offers some interesting opportunities following retail capitulations. At this moment there is a handful of plays that generally exist under the $100m market capital evaluations. It is worth noting some of my best first long exposure to alt-tokens were below this market cap. That includes MATIC (idea at bottom), and Solana, and Cardano. How was this accomplished? Ta folks, the charts do not lie. Especially on higher time frames, this is the secret. Not 4hr and 15-minute charts! Back in August of last year this token had a market cap of $7.4B, today it is $20m. Why bullish? Volume. For whatever reason, volume is entering this market. No it is not me, I’m not a trader. On the above 5-day chart a number of reasons now exist to be bullish. Why? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence (8 oscillators) as measured over a 3-month period. 3) Volume breakout. Money Flow Index is now printing a positive money, in other words buyers outnumber sellers. 4) Candlestick reversal pattern. Do you know this is bullish? 5) There is no suggestion or TA to be made here that forecasts market cap returns to $7.4B, however 27% of that to SEED_TVCODER77_ETHBTCDATA:2B would be your 100x. Is it possible price action falls further? Sure. Is it probable? No. Ask for updates below. Ww Type: Trade Risk: 1-2% Timeframe for long: Now Return: 100x MATIC idea in September 2019 @ 1.5 cents with volume breakout
COINBASE:XCNUSDLong
by without_worries
88
The Relationship Between BTC Spot and BTC DerivativesThe Relationship Between BTC Spot and BTC Derivatives: Analyzing Market Dynamics Bitcoin (BTC) has evolved from a fringe digital experiment to a mainstream financial asset, attracting investors from all corners of the globe. Understanding the intricate dynamics between BTC spot prices and BTC derivatives markets is crucial for market participants. This essay delves into the relationship between BTC spot and BTC derivatives, examining how the balance of shorts and longs in the derivatives market influences the spot price and why current market conditions indicate a bullish trend for BTC on daily, weekly, and monthly time frames. BTC Spot and BTC Derivatives: An Overview The BTC spot market involves the direct purchase and sale of Bitcoin for immediate delivery and payment. The spot price is a single variable representing the current market value of Bitcoin. In contrast, the BTC derivatives market comprises financial instruments such as futures, options, and swaps, whose value is derived from the underlying BTC asset. The derivatives market allows traders to speculate on the future price of Bitcoin without necessarily owning the asset. The Interplay Between Shorts and Longs In the derivatives market, traders can take long or short positions. A long position bets on the price of Bitcoin increasing, while a short position bets on the price decreasing. The balance between these positions provides insights into market sentiment and can influence the spot price. Predominance of Shorts and a Bullish Spot Market When the number of short positions significantly outweighs long positions, it indicates that many traders are betting on a price decline. However, this bearish sentiment can lead to a phenomenon known as a short squeeze. If the price starts to rise, short traders are forced to cover their positions by buying Bitcoin, driving the price up further. Thus, a predominance of shorts can paradoxically create a bullish environment for the BTC spot price. Predominance of Longs and a Bearish Spot Market Conversely, when long positions dominate, it suggests widespread bullish sentiment. However, if the price fails to rise as expected, long traders may start to exit their positions to cut losses, leading to selling pressure that can drive the price down. Therefore, a predominance of longs can result in a bearish spot market. Current Market Dynamics: A Bullish Outlook Examining the current market dynamics across daily, weekly, and monthly time frames reveals a bullish outlook for the BTC spot price. This outlook is driven primarily by the current balance of shorts and longs in the derivatives market. Daily Time Frame: On a daily basis, the market shows a higher number of short positions compared to long positions. This imbalance suggests that many traders expect the price to fall. However, this also means that the market is ripe for a short squeeze. If the price begins to rise, short traders will rush to cover their positions, buying BTC and driving the spot price up. This potential for a short squeeze indicates a bullish trend in the short term. Weekly Time Frame: On a weekly scale, the data similarly shows that shorts are predominant over longs. The continuous buildup of short positions creates a scenario where any upward price movement could trigger a significant number of short covers, leading to sustained buying pressure. As shorts scramble to exit their positions, the spot price could see substantial gains, reinforcing the bullish outlook for the medium term. Monthly Time Frame: Long-term analysis also points to a bullish trend, driven by the sustained presence of a larger number of short positions relative to longs. Over the monthly timeframe, the market sentiment that has led to the buildup of shorts may eventually give way to upward price movements. The longer shorts remain predominant, the greater the potential for a significant price increase when these positions are eventually covered. This scenario supports a bullish perspective for BTC spot prices in the longer term. Conclusion The relationship between BTC spot and BTC derivatives markets is a critical aspect of understanding Bitcoin's price movements. The balance of shorts and longs in the derivatives market can significantly impact the spot price, with predominance in shorts often leading to bullish outcomes and predominance in longs potentially resulting in bearish trends. Current market conditions across daily, weekly, and monthly time frames indicate a bullish trend for BTC spot prices. The higher number of short positions relative to longs suggests that the market is primed for potential short squeezes, which could drive the spot price upward. As Bitcoin continues to mature as a financial asset, comprehending these market dynamics will remain essential for investors and traders aiming to navigate its volatility successfully.
Long
by MyNameIsEmrah
Avalanche (AVAX) Analysis: Testing Critical Support Amid Market📆 Coin of the Day: Avalanche (AVAX) About the Project: Avalanche is a highly scalable blockchain platform aimed at decentralized applications and enterprise blockchain deployments. AVAX is the native token used for staking, transaction fees, and governance within the Avalanche ecosystem. 🧩 Technical Analysis Daily Timeframe This analysis focuses on daily trends, identifying critical levels and potential scenarios. 📉Support and Resistance: Key Supports: 31.98 23.03 Key Resistances: 41.42 49.96 60.71 🔍 Current Scenario: Testing the Demand Zone Demand Zone: AVAX is currently testing a crucial demand zone around 31.98. This zone has historically acted as a strong support level, indicating high buying interest at these price levels. Implications of Holding the Demand Zone: Potential Reversal: If AVAX can hold above the 31.98 level, it may indicate that buyers are stepping in, potentially leading to a reversal. This could lead to a bounce towards the next resistance levels at 41.42 and 49.96. Confirmation Needed: For a bullish reversal, it's essential to see confirmation through increased volume and a break above the descending trendline. 📉 Bearish Scenario: Break Below Demand Zone Immediate Implications: If AVAX breaks below the 31.98 demand zone, it would suggest that the selling pressure is overwhelming the buying interest, leading to further downside. Next Support Level: The next significant support level to watch is around 23.03. A break below the demand zone could lead to a swift move towards this lower support, as the lack of strong support in between could accelerate the decline. Volume and RSI Analysis: Volume Analysis: Recent trading volume has been moderate. An increase in volume is needed to support any significant move, whether it be a bounce from the demand zone or a break below it. RSI Analysis: Current RSI: 34.11, indicating that AVAX is nearing oversold territory. This could suggest a potential buying opportunity if the price holds the demand zone. 👨‍💻 Trading Positions Long Position Entry Trigger: Hold above 31.98 with confirmation from RSI and volume. Strategy: Open a position if the price confirms a hold above this level, targeting higher resistance levels at 41.42 and 49.96. Use tight stop-loss orders to manage risk. Short Position Entry Trigger: Break and retest below 31.98. Strategy: Open a position if the price confirms a break below this level, targeting 23.03. Adjust stop-loss orders accordingly. 📝 Avalanche (AVAX) is at a crucial demand zone, and its price action around this level will be pivotal. Traders should closely monitor the 31.98 level for potential bullish reversals or bearish breakdowns. Volume and RSI trends will provide additional insights into momentum shifts. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Kyber Network Crystal v2On the above 2-day chart price action has corrected over 90% since the sell signal (not shown) in April. Now is an excellent moment to be long. Why? 1) A strong buy signal prints (not shown). 2) Regular bullish divergence . Lots of it. This divergence is measured over a 40-day period. Look left - blue circles. This divergence includes MFI (Money flow) - Follow the money. 3) Falling wedge breakout. 4) It is beyond ridiculous how well the Fibonacci re-tracement measured the previous cycle tops. The 4th cycle top is amazing if the pattern repeats. Is it possible price action falls further? Sure. Is it probable? No Ww Type: trade Risk: <=6% of portfolio Timeframe: Don’t know. Return: 50x
Long
by without_worries
18
Crypto ready for a cookoff?Revisiting a weekly chart of a 9 symbol crypto mega cap index (BTC, ETH, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC) one can't help but notice price resting on a shelf that was formed during momentum running deep into overbought territory. As the shelf is more or less flat for many months, we see momentum cooling into saner levels. Price could continue to base out in what turns out to be a bullish flag, especially with the Nasdaq 100 ripping fresh records, inflation cooling, rate cuts likely etc... It's also a scary place to think about going long on crypto though as there's a big gap down to the major support level!
BITSTAMP:BTCUSDShort
by quickshiftinn