AVAX/BTC - 4h - Analysis published on 03/01/2021

Moon to Earth ... anybody there? Hello World, It’s Cosmo again and as promised I’ll start with my Coin/ Token to BTC analysis today to determine which of the Coins/ Tokens are currently over- and which are underperforming compared to BITCOIN.

This is ESSENTIAL 😇 because as a Hedge Fund we want to be SHORT in all underperforming Coins/ Tokens and we want to be LONG in all overperforming Coins/ Tokens to be able to make money in all market situations and independent from the price action and level.

So, let's get started 😃 … today I’ll analyze the AVALANCHE (AVAX) Token:
Summary of the Analysis
Trends: Short Term - Bearish & Long Term – Bearish
Crypto Screener™ (by TradingView) Rating: SELL

Technical Indicators (by TradingView & intotheblock): SELL
- Summary: 13 Bearish; 9 Neutral & 4 Bullish
- Oscillators: 2 Bearish; 8 Neutral & 1 Bullish
- Moving Averages: 11 Bearish; 1 Neutral & 3 Bullish

Fundamentals: SELL
- Circulating/ Total Supply = 21% & Circulating/ Max Supply = 11% --> STRONG SELL
- No Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto) available
- No SIMETRY™ Rating (by Crypto Briefing) available
- No Rating by TokenInsight available

AI (Artificial Intelligence) by CENTRALCHARTS: SELL

Multi Timeframe Analysis:
- 1h (1 hour frame): negative
- 4h (4 hours frame): negative
- D (1 day frame): negative
- 7d (last 7 days): negative

AVAX/USD (purple) curve consistently declining more than BTC/USD (yellow) curve!

My Opinion: SELL - Bearish under BTC 0.00056750
My targets: -8.2%, -19.0% & -43.6% (from current price level)

AVAX/Bitcoin follows a very strong bearish trend (20° downwards) from ATH (all time high) on 02/10/2021. Traders may consider only short (sell) positions if the price stays well below BTC 0.00056750 (Stop Loss Level = 1st light green line above current price; +3.9% from current price level). Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Signal Force (0-10): 8 = very strong force

We are currently trading around VWAP. Should we break significantly downwards this would be a strong SELL signal.

Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.

Like and follow as the next analysis will focus on other over- and underperforming (compared to BTC) Coins or Tokens.
You'll then be able to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
Heard about them? With this successful trading strategy😍🍀💵 you'll be able to make money in all market situations and independent from the price action and level!

Happy trading everyone!

Published on 03/201/2021, 11:30 AM (UTC+1)

Comment:

--> Target: -8.2% reached