Yesterday we reviewed the bitcoin chart and possible scenarios, and just as we predicted, S&P 500 reached our first target on futures at 50 MA (4000p), bitcoin also showed a fall to the level of $19500, but a buyer appeared from there and we made a small short squeeze for the previous highs and collected stop-losses. While the negative scenario remains in place,...
Fundamentally all top exchange tokens are good I think that CRO is near the demand zone, it is possible to go lower to the level of 0.08 in the case of a fall in Bitcoin, but globally this is part of a large accumulation. I would rather choose other crypto exchange tokens that look stronger, these are BNB, FTT, OKB, KCS, since among these coins CRO looks the...
Part 3 : According to many indicators, Bitcoin is now in the zone of the formation of the bottom, I noted the potential zone where the bottom can be formed. We can see some kind of flash-crash before the start of growth, as it was during covid19 , to collect liquidity and throw out weak hands. Therefore, I assume a fall even to 14k. Moreover, Bitcoin now looks...
Part 2 : Let's proceed to bitcoin analysis. Just like with S&P500, I am looking for continuation of downside momentum, the preferred option is price test of demand zone of 17.5-19k$ to collect liquidity with possibility of updating previous low. I would not consider longs on bitcoin while we are trading lower in range or below Candlel 1. ($22k). In the second...
Bitcoin shows many swings together with its dominance growth comparing to altcoin. It is a good sign for crypto . It may take some time for BTC to increase dominance but we see the beginning of this trend
If we analyze the dollar index and bitcoin chart, we will see that the place where DXY reached its peak was a local bottom on bitcoin. Now DXY has approached resistance and if it does not break through, then there is a big chance of a bottom formation and the start of a bullish trend for bitcoin. But this does not mean that bitcoin will not go lower in the near...
ELON holds up very well, excellent accumulation, in connection with the latest news, I think this coin can show good growth
In the medium to long term, I look positively at bitcoin, but it is also now highly correlated with the US market that we saw yesterday. Now banks have started predicting a recession this or next year. I don't like that bitcoin couldn't hold 45k. Now the path is open for test 41800 - 42300$. It is very important to keep these zones in order to go to the 48k...
A16Z participated in the $109M Phantom Wallet Investment Round, with a total valuation of $1.2B Trust wallet downloaded ~ 15 million users this year, cap $ 190 million Metamask downloaded ~ 18 million in a year, estimated at $ 10 billion Adored by many SafePal ~900k downloads $TWT Exactly, he has no utility! (votes, discounts on the purchase of...
Polkadot buy zones Buy zones in case of btc fall 1st - now 2nd - 11-13$ 3d - 4-7$ Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was...
After such sharp impulse I expect consolidation between 8900-9400$ . Holding this zone is good sign for following growth to 12 000$ and 14 000$ . Fall under 7600$ cancel positive and neutral scenarios.
Litcoin shows perfect signs of future growth . If market will grow it can perform very well
Chart looks like flag pattern so I expect big rally
We see good accumulation from big players . I guess market is ready for a rally . Now it s looking good Targets : 5$ , 6 $ , 8$
Ethereum can give good profit in 2020. We see huge volumes at the bottom . No big volume on the 2019 high . Also altcoins from top 20 showed great rally e.g. ETC , DASH . Ethereum may catch up them.
Bitcoin now is in local down trend , but globally Bitcoin made huge and strong impulse and now it makes a correction . Correction is not so agressive , we have big volumes on it . So now price may form a higher low in the big trend . The 6k$ zone is a good point for higher low and as a buy price for big players. Going under 6k cancel positive scenarios .
FET shows strenth while market is weak . It is a good sign . FET is forming a bottom possibly because we have 90% drawdown and good accumulation + weakness of seller . Potential growth is 300%