Bitcion
BITCOIN PUMP FOR JPY ?!?TECHNICALS
there a a few reasons to by bitcoin this week
1- markets have come to thee resistance turned support.
2- markets are within the 61.8% fib level.
3- markets have made there 3rd touch of the supporting trend line.
however if market does break out of the support zone, wait for market to touch the 4 hour support zone of 6921806.25 then enter a buy position (if market is oversold when touching the h4 support then even more reason to buy.
FUNDAMENTALS TOOK LOOK OUT FOR
SUNDAY, NOVEMBER 14
23:50
JPY Gross Domestic Product Annualized(Q3) PREL
JPY Gross Domestic Product (QoQ)(Q3) PREL
MONDAY, NOVEMBER 15
04:30
JPY Industrial Production (YoY)(Sep)
Basic Attention Token (BAT) for a move up to $2 before year end!Basic Attention Token (BAT)
From a fundamental standpoint, BAT is one of the most exciting small-cap blockchain projects out there with a remarkable long-term growth potential. This comes from the fact that while many cryptocurrencies promise big things, the Basic Attention Token is one of the few and far between blockchain based businesses that actually have the tools they need to solve a real-world problem that we are facing today. The Basic Attention Token aims to disrupt and substantially improve the filled with controversies $330 billion digital advertising industry, which many believe that is currently failing its users, publishers and advertisers. BAT has already made meaningful steps towards resolving the large number of endemic inefficiencies and privacy violations hobbling the digital ad industry as it aims to make crypto and DeFi accessible and useable for everyone.
BAT has seen stunning results since its integration into the Brave browser’s first global private ad platform: 30 million monthly active users, 10 million daily active users, 1 million verified creators accepting BAT, millions of wallets created, thousands of ad campaigns with leading brands, and growing utility in the most innovative names in blockchain gaming. The results make BAT one of the most, if not the most, successful alt–coin projects to date.
Furthermore, we’ve received braking news today that the largest crypto asset managing company, Grayscale Investments, has decided to double down on its bet on altcoins and has purchased an additional 188,991 BAT over the past seven days; 1,141 LINK in the last week and 8,823 in the past 30 days; 2,416 FIL in the past week and 5,121 over the past 30 days. At the moment, Grayscale holds $39.634 billion worth of Bitcoin, $13.438 billion in Ether, $6 million in BAT, $9.4 million in LINK and $6.1 million worth of Filecoin.
We believe that this is expected to be a huge catalyst for a major price appreciation moving forward, as it significantly strengthens the investment thesis for BAT.
From a technical standpoint, after the most recent price surge where the price almost tripled in a matter of just few trading sessions, rallying from the $0.60 level all the way up to $1.53, we are now presented with an attractive buying opportunity for BAT at around $1.04 per coin. The recent more than 30% correction came as a no surprise due to the expected heavy profit taking that took place after that 300% rally. However, as you can see on the chart, the price structure looks very healthy as BAT is trading above all of its major moving averages 5, 20, 50, 200 EMAs. In addition to that, we must point out that the corrective movement stopped right at the upward sloping trendline support (blue line), which also coincided perfectly with the 61.8% Fibonacci Retracement on the 4H chart. Both the RSI and Stochastic oscillators have also retraced from overbought conditions and are turning higher as we speak. We are also seeing an ascending triangle forming on the 4H chart, with a neckline at around $1.25. We expect the price to push through the resistance lying at $1.25 in the next 3-5 daily trading sessions. Once the break is confirmed, BAT will take off towards its next major level of around $1.90-2.00 per coin. Since BAT, is still a small-cap cryptocurrency with a total market cap of only $1.5 billion, our long-term forecast for BAT shows that it has the potential of reaching the $4-6 per coin range.
From a risk-management standpoint, we will look to place our Stop Losses immediately below the 50-period EMA on the 4H chart at around $0.84 in case of a sudden price failure. However, in an event where we see BAT moving sharply lower, we will be looking to buy more of BAT at a discount as we firmly believe in the long-term growth prospects for the Basic Attention Token.
BTCUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame with the Bitcoin analysis update.
As you see, the price has started to move upwards after the break of the resistance area and is fluctuating close to the resistance line.
At the moment, the daily candle can move towards the resistance ahead, and if the $ 50,000 resistance is broken, we can trade for the next resistance and higher targets.
It is also possible that the candle will move towards its support, then start moving upwards.
As long as Bitcoin fluctuates above the support line, the market is bullish, but if it drops below the support line, and stabilizes, we consider further decline, which has a low probability.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
Launch soonAmong my other ideas, this one is more or less relating to how long a correction may last. Back in January when we capitulated from 42k to 29k , it took roughly 24 days to start feeling a recovery. We were signalled a recovery when we found hidden bullish divergence on the Daily RSI as well as MFI holding steady during the dip. It's been 22 days so far for us and have dropped roughly 13k. It feels kind of similar to January in that regard.
So, what I'm waiting for before becoming all-to-bullish is daily (hidden or not) bullish divergence pretty soon here.
I'm still convinced we're in a bull-market (see related ideas '259k Bullmarket Top & How' & 'This time is no diferent'), but the only thing that'll worry me is sideways action through the end of October... Only then will I become bearish (see '1 for the bears' idea)
1H Chart. BTC Squeeze, Explosive Move Incoming ? Hello friends, latest update on the last analysis which was exactly as visualized.
1 . There is ongoing squeeze for $BTC, one-hour chart. Massive battle at the $46k region between the bulls and bears. Pressure is building either way.
2 . I had to use a Channel for clarity. You can see on the chart, back and forth Push-n-Pull forces acting on Bitcoin at this range .
3 . If Bulls win, we breakout upwards this channel , and EXPLOSIVE price shoot will happen.
4 . If Bears win, breakdown will happen , a significant drop will happen. Strong support will hold only for the time .
5 . Key candle for upward confirmation must begin at $46,500-503 $BTC price . Watch out
If all else remains constant and NO government FUD … this analysis will remain valid.
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Bitcoin (BTCUSD) near term high likely inA series of Fibonacci extensions show a cluster of key 161.8% and 61.8% levels all converging around the 54k to 55k value area. Consider that the Gann Death cycle of 49 bars is right where the next weekly candle opens as well as this time period being an anniversary period of important highs and lows found for Bitcoin, we should anticipate a likely top here for Bitcoin with a likely retracement to the 28k value area over the next 45-90 days.
Whats NEXT For Bitcoin Now That AMAZON Has Denied Crypto ReportsMartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money
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BITCOIN WILL BREAK AND GOES DOWN IN 24 HOURSwe can see the power of bearish on 4h canndel . easily will go down on 24k support . it will be that sharp that maybe we can see 18k price.
not a good time for holders and good news for sellers
HOT - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
HOT is sitting around a strong weekly demand zone in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: HOT is forming a channel in blue but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, HOT would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC heading below 30kCould we see this pattern forming for BTC?
Larger Bullish Butterfly pattern forming over the past 14 days.
Completion of the pattern would take us to 1.272 (29k) or 1.618 (26k) Fib Levels. We may still go sideways for a bit before it reaches bottom.
Looking at the RSI it also broke bearish and slope is down.
Selling pressure is high. Again a break below 30k would probably set off a cascade of sell offs, so 26k isn't out of the realm of possibility. Would also align with the break out predicted by the bear pennant.
I expect at least some rally to follow. Still a strong down trend so go long at your own risk.
Let me know what you think.
BTC hoping to find support at 34k.Depending on how you draw your trend lines it appears as if BTC either broke back within this pennant or has broken below the pennant. To me it looks like it broke down.
RSI is dropping and volumes are dropping.
BTC has found support at 34k several times already and will likely find at least temporary support there again.
I expect it to break below this level though and for us to head down and test 30k.
A measured move from here from the top of the pennant to the bottom would have us going down 30% near 25k.
Could get very bloody over the next week. I'm not convinced 25k is the bottom either.
The daily charts look much the same.
Let me know if you agree or share your opinions.
Alt Market Cap Analysis - upcoming opportunitiesHello buddies, how are you?
No need to explain about Alts for what happening over the past couple of days. We had seen huge red candles on the overall market. But most of us did not even imagine that the market will fall that much. So presenting you my thought on the current Alt market cap is what am seeing right now.
- In the chart, you can spot Pitchfork which I drew from the recent top. It was presenting index can be in short term or maybe long term downtrend.
- You can closely look into the pattern, every resistance and support line was working well, price action in this pattern was so much accurate.
For now....
- In the chart, you can see one dotted trendline which was the retest point of the index before moving upward and one red trendline named 'trigger line', yes the index broke this red trendline and the current price action is above this trendline. And what is that means is the price(index) has broken its downward momentum. Technically we may see an index at the green line soon which will be the C point of a pitchfork. If the index followed this pattern as it did in the past then there's a high possibility of relief in the alt market cap. As always we trade on possibilities so make sure you keep in mind every factor of the market and trade accordingly.






















