Ethereum making moves. Next Target would be a new ATH?Ethereum is trading at around $3000, at the time of writing this analysis, which also acts as an immediate support level. It tried to break the resistance at $3300 but failed, however, it has been accumulating between immediate support and resistance level to see the next move upwards.
I am using On-balance volume (OBV) which is a technical trading momentum indicator that uses volume flow to predict changes in stock price. It shows crowd sentiment that can predict a bullish or bearish outcome. The OBV indicator on the above chart clearly shows a sign of accumulation.
RSI is trying to reverse its movement, and if good buy volume comes in, it might again visit the overbought zones.
If Ethereum is unable to hold the Immediate Support Level, it might see a downtrend.
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ESports - The Underdog - Draftkings Competitor - BUYAnother forgotten gem it appears. *valuation matters NOMO FOMO in Crypto Ponzi Pog world. Sports, Gaming, Gambling and #cannabisreform should provide the next greenshoots.
#MSOgang #thegem
$GNLN
#gethigherstandards
Learn to INVEST, STOP POGGING!! You'll do alright.
Do not miss Alice 70% profit !!!Do not miss Alice 70% profit !!!
According to the chart - as you can see, Alice Currency has formed a cup pattern that has formed the cup handle well and started to climb.
The price is currently testing the edge of the cup
In addition to these signals - has also formed a valid ascending channel
After forming a valid ascending candlestick pattern, you can enter a suitable ascending position by considering trading points, which will bring 70% profit in your first target.
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Hamid Mojarad
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Spot Trading vs Margin Trading Pros and ConsSpot Trading is the most basic form of trading method and is the most suitable for beginners in trading. It's simply a BUY > HOLD > SELL mechanism.
On the Other Hand
Margin Trading is complicated and should only be done by experienced traders. There are various components to margin trading such as Maintenance margin, margin calls, leverage, and liquidation.
Pros and cons of Spot Trading
👉Spot trading is easy to learn and understand and is a good starting point for beginners in Trading.
👉It's an easy process to manage risk in spot trading not taking all the complications of liquidation or margin calls.
👉You can hold an asset for a much longer time and in the case of cryptocurrency can also transfer to any cold wallet.
👉No Trading happens during downtrends.
👉The potentials gains are not very good on a smaller investment amount.
Pros and cons of Margin Trading
👉Margin Trading needs some advanced knowledge of various things such as margin calls, liquidation, leverage, etc. Hence it's not recommended for new traders.
👉You can make profits on both uptrends(by going LONG) and downtrends(by going SHORT).
👉Gives an ability to trade much larger amounts with a relatively small initial investment by using leverage.
👉Margin Trading is risky, and if not done properly can blow your account in a very short time span.
👉Profits are higher when utilizing margin trading, and so are the losses. Every exchange has its own rules for margin trading, which need to be understood carefully before investing.
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BNBUSDT 1D Trade AnalysisBNB is trading at $485 at the time of writing this analysis. I can see three possibilities that can happen in a week's time from now.
Scenario 1 A bullish flag is being formed, and if the price remains inside this flag, it might break the recent high at $504, break the parallel channel's upper line or traverse along the middle line to make another higher high.
Scenario 2 The price is traveling inside the parallel channel and might see a retracement till fib level 23.6% or $438, and then take another leap upwards. If this happens, it might take about 11 days to complete the retracement.
Scenario 3 If the support at $438 breaks, then there's a possibility for the price to reach the next fib level which is at $364 which is also an important fib support level of 50%.
RSI is already in the overbought zone for a week now, but if enough buy volume comes in, it could be in the overbought zone for more time. On the other hand, if retracement occurs, RSI is going to dip.
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REEF/USDT Chart AnalysisReef/Usdt looking hard bullish, and it's not pumped yet so buy now and hold tight, Thanks me later.
How to be a Successful Trader?Few things to keep in mind to be a successful trader.
✅Always remember to only trade what you can afford to lose. Know the risks involved in trading.
✅Use a proper risk management strategy to minimize losses in the event of a trend reversal, exchange outages, or any other untimely issues.
✅Only expose 2 to 3 percent of your portfolio value for each trade.
✅Never follow anyone's analysis blindly. Do your own research.
✅Keep your emotions out of trading. If you see a lot of losses, take a break for some time, analyze your mistakes and come back stronger.
✅Define your profit targets, don't get greedy, and keep improving your trading strategy.
Let us know in the comment box below, of more things to keep in mind to be a successful trader.
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Money Will Permanently Flow Into Cryptocurrency This Decade I've had a simple investors thesis when investing in cryptocurrency since 2017. I've always judged the growth of cryptocurrency by the growth of the market cap. The more money that comes into cryptocurrency the more prices will appreciate (certain cryptocurrencies of course). The more money that comes in the more innovation, use case, public interest, and opportunities grow. When I started heavily investing in cryptocurrency the market cap was only about $180 Billion and I always believed that cryptocurrency would eventually exceed $1 Trillion dollars the more the use case and user base grew.
Today we're right at a $2 Trillion market cap and my thesis remains stronger than ever. Cryptocurrency in a whole is easily a $10 trillion global market this decade at a very conservative estimate. In a big macro perspective consider:
* The entire global money supply will dramatically increase by 2030 ( M0, M1, M2, M3).
* The growth of Crypto ETFs.
* Better cryptocurrency regulatory infrastructure.
* More countries will adopt Bitcoin as some form of legal tender. We will see this new economic philosophy heavily spread throughout South America first and eventually spread to countries facing severe devalued currencies.
* All assets and prices will dramatically increase by 2030 due to infinite money printing policies.
* The use case for decentralized finance and digital based economies will expand as the world continues to grow more digital. Most of the worlds money and value is already in digital ledgers.
* NFT's will be global cultural digital artifacts stemming from the digital age. Not all NFTs of course.
* The generational shift from predominately Baby Boomers to more Millennials will grow by 2030.
* Corporations and financial institutions will heavily adopt Bitcoin to hedge against devaluing dollars.
* Cryptocurrency is spreading faster than the internet.
I believe we will be re-testing market all time highs by the end of this year at $2.5 Trillion. If we continue positive momentum through out the rest of this year Once we hit our Fibonacci level 1, I believe we will have a run up to the 1.618 Fibonacci level over $3 Trillion. There will be another wave of FOMO hitting the market. We are still so early in cryptocurrency we haven't even scratched the surface. More money comes into the space than out of it over time.
Happy HODLING. Much peace, love, health, and wealth!
USDWTI H4 - Long SetupUSDWTI H4
$66.50 seems to be holding as support during recent trade, the wicks and support during the 19th July and 09th August didn't perform too well.
But as long as there aren't headlines pushing this pair on, we should see a slower paced market with less chance of these big wicks and support break threats. Lets see what happens next time we approach either $66.50 support or $70.00 resistance.
Stocks To WatchThe Market's longer term uptrend still intact. Big earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 21 total stocks on this list and 3 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Moderna: Can be a good time to buyThe Company will increase the number of participants in the study on the effectiveness of the vaccine on children between 6 months to 12 years old.
In previous reports from the end of July, the company announced that 7,000 participants would participate in the study and now it is reported that following the FDA requirement, the company will increase the number of participants in the trial to 13,275.
The company’s stock is down 15% in New York.
Stock Price Target (Wall Street Journal)
High $463.00
Median $271.50
Low $85.00
Average $290.83
Algorithmic Trading and it's Pros and ConsAlgorithmic Trading is the activity of bots to perform buy and sell actions on an exchange. These bots are scripts created by traders to eliminate manual trading.
It's all rule-based trading. A trader codes the indicators, moving averages, and various other conditions for the buy's and sell's to happen. Stop losses and take profits are coded and so are dynamic buys and sell conditions which makes algorithmic trading even more versatile.
Pros
Speedy executions make it easy to capture quick price movements as soon as they occur.
There is no risk of any human error during trading.
Execution of large volumes of trade in a short period of time.
Ability to backtest historical data to train the algorithm accordingly.
Investment can be diversified using multiple trading scripts.
Cons
Technology Dependency which means if the algorithmic trading platform is not reliable, there could be a possible loss of capital in the event of disruptions.
Need to know how to code or understand the concepts of trading, indicators, etc.
Need of high-end resources to create, backtest and run trading scripts.
How many of us make use of Algorithms to trade and what are your favourite trading strategies? Share in the comment box below
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Stocks To WatchThe Market's longer term uptrend still intact. Big earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 33 total stocks on this list and 2 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Bitcoin is on a move again. Do you see a bullish reversal?Bitcoin is making good moves for a week now, and trading at around $40,700 at the time of writing, which is also a previous resistance level. If it manages to break this level, we could see a trend reversal changing the overall sentiment towards bullish market bias.
We could also see that on 4H timeframe EMA50 has crossed over EMA200, which is also considered as a golden cross and is seen as a good factor for a bullish move.
RSI was in an overbought zone earlier, dipped a little bit down, retested $37000 levels, and is again in the overbought zone showing bulls are back in control of the market. The Volume is also increasing lately which means the masses are buying the asset and see the market going upwards.
If it manages to break the immediate resistance, it's a good place to put your buy orders or go long.
Always do your own research and employ proper risk management techniques in your trade setups. Use stop losses and take profits to bring discipline to your trading.
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Descending triangle with a Death Cross or a trend reversal?This is interesting, EMA50 just crossed below EMA200 recently making a death cross, and a descending triangle forming.
Bitcoin is trading sideways for 44 days now, with no certain trend direction. And with a recently formed death cross, it looks bearish.
What is a death cross?
A death cross is a chart pattern in which a short-term moving average crosses below a long-term moving average. For example, the 50-day moving average crosses below the 200-day moving average. As a result, a death cross is generally seen as a bearish indicator.
For an upward move, the price needs to break the descending triangle with good buying volume. MACD is trying to recover and come up from the negative territory. With good buying volume, and if the price can break the descending triangle and make a new high, there might be a reversal, and invalidation of the death cross might occur.
What do you think about it? Share in comments
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Ethereum is sitting on an important support level. Will it hold?This is a 1D analysis for ETHUSDT and it looks pretty bearish. Ethereum is sitting on an important support level, and if it doesn't hold it, it might go as low as $1400 which has acted as a support level previously.
I am using EMA50 and EMA200 which are two most popular EMA's to spot Golden Cross or a Death Cross.
What is a Golden Cross and Death Cross ?
Whenever EMA50 crosses over EMA200, it is called a golden cross and is considered a good buying opportunity. On the other hand, if EMA50 crosses down EMA200, it is called a death cross and is considered bearish and a good selling place, or shorting opportunity or a good place to take profits.
Right now EMA50 is coming very close to EMA200 and if EMA50 crosses down EMA200, this might go more lower and support 1 might hold or not.
On the other hand, if immediate support holds well, it might see an upward move towards the resistance to break.
The area between immediate support and support 1 could also act as a good accumulation zone because that's where the last upward move was from.
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