After some strong price action after the SEC XRP FUD, a lot of Altcoins bled, including Ethereum.However, taking a look at the BTC chart, we can see that there is a lot of potential in terms of Ethereum price movement, this could all changes with a strong Bitcoin upwards rip, but as things currently stand; we are looking at a strong bullish sign for...
Today the focus is on Blockstack, one of the opensource darlings.
Unique thing is? This is not a shitcoin, it has an actual use case and a strong community behind it.
Price is approaching a key support level but may rally straight on from here depending what BTC does in the next few days. Looking at an upward potential of 200% in BTC terms, which in fiat...
Simple chart, enjoy doing charts for you, doing this live as we see the pump, volume is high, stay safe out there.
No clear resistance till 850
Weak resistance at 620-630 Range
Definitely no longer a point of entry
The risk of entering at such a point is too high, a short trade would be more reasonable
I would not recommend trying to short a chart like this, it...
Idea on Gold:
the market is looking very volatile- stay safe out there; manage your past positions and
don't enter any new positions without a strategic plan.
As usual keep supporting the page and I will keep posting ideas such as these for you. I try to keep a neutral viewpoint, this is my current long term view on Bitcoin.
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Be careful out there, these are tough market conditions but a lot complained about missing the opportunities back in March- don't make the same mistake again- always remember the bigger picture. Don't panic but stay safe.
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This is a coin pickers' market, and not simply throwing money at anything that looks shiny; crypto money is smarter these days.
SXP is one that I have been looking at, and it is a no brainer trade with it sitting strongly at support.
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Glad to be back doing content for you, we were busy building new products and technical tools to improve our analysis and more importantly your trading.
Check out our views on Bitcoin and where it will be heading next.
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So to begin with, a negative dollar means a few things;
As the stock market valuations are pegged to the dollar, a weaker dollar will actually PUSH the DOLLAR value of stocks up, so technically the stocks are sometimes not rising on actual value but adjusting their real value to the new dollar rate.
Therefore, this holds true for Bitcoin and Ethereum, if the...
Strong Upward trendline, that has led to successive higher highs as seen on the chart.
Dumps are usually aggressive as we can see, but they are picked up relatively fast, which is a good sign
Balance of power showing bullish formation
Dump this week probably caused by DXY pull back.
-Stay safe and manage risk accordingly (Megalodon)
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LTC Upgrade approaching; if it is successful it could confirm the road to reach newer highs for LItecoin.
Broken Previous Resistance Level
Strong upward wick supported by bullish sentiment due to upgrade
Positive Money Flow shown by the Balance of Power indicator
Not a good buy area, the downside is too high
If you are already in the trade, keep going
Higher earnings than expected but still a 12% yearly fall.
Service Sector of Business Has grown much larger than the Hardware side
If COVID is to ease in the next 6-9 months, the forecast is positive for CSCO
Approaching Support Level after strong retracement
Downside is far less than upside if an entry was made in this area.