0.053 is the major support target is 0.062 when a mechanical engineer become a trader ..
Potential trends and my thoughts on the future - 1. Increased Crypto Regulation 2. I'll start by explaining what L0, L1, L2, and L3 are: L1 - Transactions L2 - Closing problems of L1 L3 - Applications/Infrastructure for Applications L0 - Cross-chain infrastructure *L1 solution cannot be fast, scalable, and decentralized at the same time. Protocols L1:...
A new concept of Proof of Physical Work consensus Proof of Physical Work protocol encapsulates real-world use cases. The blockchain protocol rewards users for performing verifiable physical work like deploying a 5G hotspot etc. As examples of similar projects Wireless Network: Hellium Pollen mobile Provide token rewards to participants (hotspot...
Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022 We look at the logarithmic chart LTCBTC is trading near the lower support line of the descending channel, against the backdrop of good news, I expect a rebound to the middle line of the channel, and possibly even to the channel resistance line. Current LTC price 70$ Best regards EXCAVO
Hello friends! Looking at Bitcoin, I remember the end of 2018. When the daily volatility was + -1%. I found a lot of similar patterns by analyzing the chart. I am sure that the movement will not be identical, with a high degree of probability, we can see a short squeeze in the next 2 weeks, and after - a dive below 18 is possible. 13-14k - strong support...
What we need to start an uptrend: breaking through the resistance line = trend reversal and the end of the bearish trend, which lasts more than 50 weeks, as I said in the previous global chart. Judging from the logarithmic chart, we are breaking through the global support zone and there will be a panic in the market, perhaps not only in the crypto market. We...
We see a lot of supports in the area of 11-14K. Also, there are large volumes around 9K that the price can touch by some long squeeze. We need just a reason to panic. The way to make money is to buy when blood is running in the streets Best regards EXCAVO
What is the Wyckoff Method? #2 Distribution Schematic 👇👇👇 I am waiting for this pattern to complete in November, before that anything can happen, the bear market is usually long and exhausting I follow my analysis 1) 2) I am waiting for this pattern to complete in November, before that anything can happen, the bear market is usually long and exhausting I...
I paid attention to the Bitcoin Network Hashrate. It seems that the fall has not even passed into the active phase. Industrial private miners are still hoping for price recovery and do not turn off their equipment. People bought many ASIC miners for tons of credit money. BTC Hashrate = -27% after the shutdown of miners in Texas. Best regards EXCAVO
The dominance of Bitcoin is growing. When Bitcoin is growing - altcoins are growing less or without rising. Bitcoin falls - alts fall even more. Paired with ETHBTC, we see a Wyckoff Distribution Schematic #2. We are currently in Phase D. The price is approaching a support zone. Most likely, there will be some descending trading near this zone. We will form LPST (a...
The price on the daily timeframe is moving in a falling wedge. The lower timeframes show downward price compression and liquidity in the $29300-29200 zone. Important next levels and zones: $28850-28650, $28050-28000, $26700. There are many stop-losses of the different caliber of traders behind these levels. There is a high probability that we will harvest it all....
More theory A diagonal triangle is always subdivided into five waves. An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat. A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag. Waves 1, 2, 3, 4, and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into...
Finally, we have the first green weekly candle in 10 weeks. It interrupted nine weeks of falling. Like last Monday, the day starts with a green impulse candle. Remember that such sharp movements correlate with the emotions of traders in the current phase of the market. For example, look at what's left of last week's momentum. Do not rush to jump into the market...
Logarithmic chart. Tested the bottom line of the channel. I am waiting for a rebound to the middle line of the downward local channel. Swing trade I think Near should be updated within a ATH of few years Best regards EXCAVO
WeWay (WWY) - WEB 3.0 platform for influencers, nft marketplace Plans: -Release of version 2.0 for the marketplace -Crypto university for new users - Creation of a Metaverse for user communication Currently traded on the Ethereum network, Binance Smart chain, Velas, Avalanche. there are plans to make it possible to trade the Solana and Polygon networks. I see...