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Recovery

EPS/USDT Volume increase shows rising demand. Is the bottom in?EPS continued its downfall during June as most other coins did as well. However, for the last two weeks we look at a small trend reversal where we see higher highs and higher lows following the purple line. We also did notice two bigger volume pumps that increase rising demand. EPS provides low slippage swaps between different stable coins like USDT, USDC and BUSD. The RSI is around 40 and looks like it's forming a recovery. The 200MA was crossed the first time for a very long time now and reaches a plateau which might end in a recovery. We also can see the 50MA and 200MA cross where finally the 50MA is above again. These are early signs of a recovery that is not confirmed yet. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ELong
by tumbler55
2
BTC recovery looks imminent now.Recovery is imminent now. The reason for this is the RSI graph that you see at the bottom of the image. RSI is in a downtrend since early January this year. So, that is a very good indicator. A good indicator is something which has been holding for a very long time, in this case, 6 months. But now, it is more probable to break that upper resistance line than ever. So the thing with trendlines is that every time the graph hits a trendline, it either makes a higher high(in the case of a lower support trendline) or a lower low(in the case of an upper resistance trendline). And the chances of breaking that trendline increases when it retraces back to that trendline without making a higher high or a lower low. Here, in this case, we can see that RSI had already made the bottom(around 20 during mid-May. So, for the downtrend to hold, it needs to go below 20 which is very unlikely. And it has currently acquired an upward momentum in the last 2 days and the next time it goes near that upper line, it is very likely to break. So, I believe 30k is the bottom for now. But if in the very rare case, if it goes below 28-29k, it might go to 20k( looks like that from H&S), and that might also mean daily RSI trying to make a lower low. NFA. Goodluck.
Long
by trader5319
2
Bitcoin Showing Signs of StrengthBitcoin has been shedding signs of bearishness for the past two weeks. We are still firmly in the sideways pressure of the "Crab Zone", but as you can see we've been building a structure of higher lows and a general upward slope. In the sort term we seem to be opening upwards into a megaphone like pattern, implying an increase of volatility as it bounces up. I feel like this is a strong bullish sign and it's beginning to build a bowl like shape, similar to the 2013 shakeout. This whole pattern reeks of institutional accumulation while they scare the coins out of your weak retail hands. If this was real bear action we would be in the 20k range already, if not dramatically lower. Personally, I feel like we've got at least another month of this sideways action, but we're showing some promising signs that strength is returning to the market. I think over the next few days/ couple of weeks we'll go and hit the top of the range again, around 38k-40k. If we do get that high, I'd probably consider a short, but be aware that with strength returning comes a higher probability of decisive a breakthrough of the range, if there's a lot of strong looking candlesticks I'd change that to a long in a heartbeat. I don't think it's moon jump time just yet, but it's getting closer, assuming that my model about longer cycles holds correct... I would start looking at sites like cryptoquant, glassnode and others for signs of large accounts starting to move money onto exchanges soon. There was one chart I saw earlier today "Supply held by entities with 1k+ btc" that had a sharp spike upwards for example, 2x larger than any other movement during this whole sideways movement. More signs like that and the bull run will be back on. That chart is here btw twitter.com I'd look at this halving chart, along with my model if you want a strong dose of hopium that might actually pan out. twitter.com
BITSTAMP:BTCUSDLong
by CryptoidiotQ
HIVE/USDT Falling Wedge pattern. Battling for important supportHIVE is declining since April as many other crypto coins are too. We are looking at a falling wedge pattern and wait for a breakout as a sign of trend reversal. HIVE found critical support at 0.2$ and is now battling for the important 0.29$ support line. Volume is in general low but we see some spikes which could hint some people are accumulating. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
3
QTUM/USDT Regaining the 200MA after Bitcoin initialized dropdownQTUM did break through below the 200MA initialized from the Bitcoin drop. Now QTUM is in recovery mode to gain the 200MA back as support. The previous support around 4.5$ did hold and the next target is the lost 7.7$ line. As a major proof of stake Blockchain QTUM should have a great 2021. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
4
AUDIO/USDT Downwards trendline broken. 100MA as next targetAUDIO broke out of the downwards trend indicated with the yellow line. The volume is very low and AUDIO has a hard time recovering also with the 100MA just above acting as new resistance. Once the 100MA is crossed more investors are likely to turn bullish again and with it the volume will rise. Middle target is 2.7$ and the ATH target is around 4$. Audius in contrast to other music plattforms gives the money to the content producers. Checkout their Twitter page: twitter.com and their webpage: audius.co Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
BTC/USDT Wyckoff accumulation perfectly in play 4hThe current pullback for Bitcoin so far mirrors perfectly the Wyckoff accumulation pattern. We are currently in phase C where we recover before the next consolidation in phase D. Hopefully you will get a bit more confidence again after reading this. Phase A: The downfall where we see a short stop at previous Support (PS) around 43k. Breaking below did lead into a selling climax (SC) down to 30k. What follows is the automatic rally (AR) back to 41k where we did meet the 0.3Fib line acting as new resistance. Finally we see the secondary test (ST). Phase B: Moving between the consolidation range 30-40k. Phase C: It seemed we found the bottom around 30k but as often many people get shaken out due to the so called spring that breaks through the support at 30k just to come right back above it. After this we get the test at 30k again and see the support again. People are getting more confident again that this was the bottom and start investing again. Phase D: Relieve rally back to the 40k level. We get a test at the last point of support (LPS), back up (BU) and sign of strength (SOS) which indicate a breakout to the upside. Phase E: Going for new ATH. Model idea is taken from here: phemex.com Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, white and pink lines are 200MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
We 💎 HODL *** Bet on V-Shaped Recovery *** Bears = WeaklingsWe 💎 HODL *** Bet on V-Shaped Recovery *** Bears = Weaklings Extremely negative funding rates yield astonishingly bullish opportunities. Now, you can long and take the money of the newbie bears in addition to your trade profit. The support line protects your back. Bears do not have the momentum and volume to break it anymore. You may counter-trade the herd and, at the same time, copy trade the professionals. The Risk-Reward Ratio is marvelous: We compare a potential $8 000 pump to a possible $2 000 dump. Our position is: Side: long Leverage: x10 Entry: $32 000 Stop loss: $29 900 Target: $40 000 See our previous idea, in RELATED IDEAS, "Beware of 🧟‍♀️ Undead Bulls! And they can Moondance". Our success rate has been 100% since we joined TradingView a month ago. To join our community and browse our private ideas, type "OXY BITS" in the Telegram group search.
BINANCE:BTCUSDLong
by Elysian_Mind
2
BTC/USDT Trend reversal signaled with higher low after 0.5FibBTC draws a trend reversal with a higher low above the 0.5 Fib line. This happens together with the breakout out of the symmetrical triangle. Now we look for prices above the 0.3 Fib. We also got some extremely bullish news with the Taproot upgrade and El Salvador accepting BTC as currency. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue and white line are 200MA and 50MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
1
NEO/USDT Support at 200MA. 150% Target at 120$NEO now found support at the 200MA for the second time. Currently NEO is consolidating into the apex of semi symmetrical triangle. We expect some more consolidation into the apex before we find some volume that pushes NEO out of the triangle. Entry is around 50$ and target around 120$. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue and white line are 200MA and 50MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
BTC/USDT - potential recovery scenarioHello, Traders! BTC price continues to clamp in a narrow liquidity range of $31000 - $39800 The sellers were the first to enter the market and repeatedly tried to push the price below the level of $31000, but the buyers were able to stop the sellers and responded sharply with the price going beyond the local resistance at $37650. BTC withdrawal continues at major exchanges. The growth of USDT and USDC stablecoins emission also continues. Negative news does not influence price movement so much. Consequently, we can assume that those, who wanted to sell, did it already. In the current situation, it is best to take less risk and engage only after the price goes above the level of $39800 using a shortstop. Good luck and watch out for the market P.S. This analysis is created for educational purposes and shall not be considered a piece of financial advice
BITSTAMP:BTCUSD
by UnknownUnicorn10064030
AUDIO/USDT Moving into range range. Breakout ahead?AUDIO found support at the green line and did follow the downwards trend indicated by the violet line. We are looking at a decisive moment where we probably see a disrupting move. AUDIO has a great usecase since music is all over the place. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
Benefit from both online and covid recoveryDuring the covid time, online good ordering became mainstream. One think which striked me was restaurants often time used a different platforms when they handle in-restaurant order and online order. Thats why you could see a lot of different terminals sitting next to the restaurant kitchen...because they would have to install one per delivery services...plus the one they used in-house. I often time ask myself would it be nice if all these could consolidate? I found the answer when I went to Shake Shack last week... i was queuing up in front of their casher and I notice they promoting to their customer to use a web based ordering system which allowed you to skip the queue. I took a look and its actually the same app for their customer to order online. I dig deeper and found that the system was actually by NYSE:OLO a New York City-based B2B SaaS company that develops digital ordering and delivery programs for restaurants. While the stock market has been battling since early 2021, traditional (recovery) vs transformational (new tech and everything online), how come we couldn't find the right investment target that catered both? Apparently OLO is my pick. I have entered into position since 39 and will take 10% as my cut loss point and strong hold.
O
by Squishybrain
SRE - A Hidden Gem?Whether you're a short term trader or a buy-and-hodler, there could be a good swing play in this stock if it can hold the $134 support level . SRE has broken above the top of the recent range of the last year and is making strong support at these levels in form of a flag. Volume as also been increasing despite any major price changes. To take this trade, we'll look for a decent close above the purple trendlines . This stock is low IV, so I might enter early since risk is low, especially with a tight stop loss at $134. Just be careful, this could definitely break to the downside like anything else, but the odds look good for the bullish case. Wait for direction, manage your risk, and you'll be gold . If you're buying call options, buy lots of time. At least August. Good luck!
NYSE:SRELong
by barrycharts
KEY/USDT Bullish breakout for Selfkey 250% in playWe recently posted KEY/USDT when it still was within the symmetrical triangle. Now we got a bullish breakout and do see resistance that pulled us back to 0.012 twice already. However, looking ahead we don't expect to get rejected a third time. Volume is increasing which is a bullish sign. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
KLong
by tumbler55
ONE/USDT Consolidation into the apex. Are we ready?One Harmony is in a retracement phase since two months already. We now see a symmetrical triangle forming out of the yellow and violet line. we expect the support around 0.07$ to hold and retest the 0.16$ barrier. If we just follow the lower violet line we could consolidate into the violet triangle which probably takes even more time. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
1
REEF/USDT Consolidation above 0.023$ support lineREEF did spike after the AMA in mid May and collapsed together with the whole crypto market. Now we look at a consolidation above the 0.023$ support line. A breakout seems imminent and we expect REEF to catch up its missed gains during March and April. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
RLong
by tumbler55
QTUM/USDT Consolidation above support foring a sym triangleQTUM as a high decentralized Proof of stake blockchain compatible with BTC and ETH is poised to have a bright future. However, QTUM did not rally as much as other coins did since March 2020. Now we see consolidation above the support line around 7.5$. Nearing the Apex of the current symmetrical triangle we look for an upwards breakout. A strong increase in volume is expected. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
EPS/USDT Descending triangle. Opportunity to recoverCurrently we are within a descending triangle between the green and yellow lines. What keeps us optimistic is the fact that we see only see strong volume increase in case we are moving upwards. This indicates that buyer don't sell again. You can stake EPS or USDT/BUSDT/USDC on the official website. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
E
by tumbler55