"Not a bad place where the market can decide where Bitcoin is moving next ... to 70k or 40k"
We got the expected rollback, which fit both the scenario marked in green and the scenario marked in red.
Now it will be interesting to see if the bears will be able to push the price below the current level (black line on the chart)
If the bears manage to do this and...
"UNI is stuck in a triangle. Perhaps the best solution would be to stay out of action.
But if you choose a side, then it is better to join the bulls."
The coin is in a huge triangle and is now trading at its lower border, which is dynamic support.
Triangles are not the easiest patterns to trade, the probability of the price going up or down is usually 50\50,...
"After the ATH, the bulls took time to breathe - the bears are in charge."
Reasons for a further decline in the price of Bitcoin:
- As you can see, the price is already trading under the moving averages, which tells us that bears dominate in the 20-day distance. (the longest moving average of the three has a period of 120)
- You can also see that the price is...
"Ethereum is still in an uptrend, but there are prerequisites for a further decline"
First, let's look at the picture from a positive point of view.
1 - The coin is updating its highs and lows, which means the trend is still up. This means that we are more likely to be satisfied if we looking for purchases
2 - If we assume that Ether not so long ago left the...
"Bitcoin is heading towards 70k. The key level is at 52k, below which it is better not to fall"
The chart shows two scenarios from the point of view of the Elliott Wave Theory.
Let's start with the one marked in red.
This scenario implies that we are in a correctional cycle that can show in the form of a "flat", this implies a construction in the form of ABC...
Everything went according to the scenario and since the last post the coin has added more than 70%
We remind you that there are two scenarios, both at the time of publication were positive, but now you need to be careful because if it is the ABC scenario (highlighted in red) that is relevant, holding the coin will not be the best solution.
Alternatively, you can...
"4 reasons why DigiByte will grow"
- The current picture resembles an ascending triangle, which has already been broken upward by other altcoins in a similar scenario, for example, 1INCH
- We have increased volumes that push the price higher. So the interest in the coin remains. It looks especially good when this volume came from dynamic...
XTZ vs USD
"What to do with such volatility and what to look for"
If you look at what has happened to the coin lately, it is obvious that this is some kind of madness (highlighted in a red square)
In order not to complicate everything, several points can be highlighted:
According to the MACD indicator, we see that there was no formed divergence as a...
DOGE vs USD
"1 Dollar or nothing?"
Everyone is expecting that altcoins will continue their rally and many have started talking about the DOGE is going to get the price of $ 1 dollar.
If we start from the fact that the coin “fell in price” by 80% from the historical maximum, one would think that this is an excellent discount and the correction cycle is...
ETH vs USD
The hype around Ether:
"New ATH and Goldman Sachs predicts $ 8,000 per Ethereum (ETH) by the end of 2021, CME futures launch on December 6 and Altair Upgrade. Is it worth buying?"
Indeed, if you look at the latest news feed, you get the impression that not buying the "main altcoin" now is stupid.
1) Updating ATH. Of course, this is a signal that...
"The current correction is coming to an end - we are waiting for another confirmation in the form of an upward impulse and buy"
From 20th July (green checkmark), we received a pretty decent impulse in the form of conditional five waves, and if we rely on the Elliott wave approach, we are now in a correctional cycle similar to the complicated WXY construction...
CKB vs USD
"A good place to partially fix a position, there is a potential to renew the historical maximum."
The current formation, if we start from the Elliott wave theory, can be waves "one" and "two" (Now we are at the beginning of the third wave), in this case, we will still have significant growth, since ahead of the impulsive growth waves "third" and...
CSPR versus US dollar
"Good volumes, consolidation with x2 potential, understandable "movement-consolidation-movement" construction"
The coin was deployed in fairly large volumes and since then we have been trading at this “step” or above the level around 0.08 cents (black line on the chart).
Such a construction has all the chances of getting to the next...
DOT vs USD.
The coin is trading very close to its all-time highs ($ 50 area) and we have many prerequisites to rewrite it.
1) - Soon on November 11, auctions for parachains will begin. This means that coins will go out of circulation for 2 years, which in turn reduces the supply pressure, which, accordingly, is more likely to have a positive effect on the...
Opening short ones for Bitcoin is a bad idea, but the combination looks good ...
We have a false breakout of the level here +
breakout (return) on good volumes, divergence, and in general the last growth was extremely aggressive - we can already correct it.
If we reach 45930 this combination will be the very thing.
Taking 1 to 1 and hiding at breakeven would be a...
KAVA against Bitcoin forms a good launching pad.
The entire upward movement is accompanied by increased volumes, which is very good.
The price has nicely entrenched above the moving averages, and when we exit above the control point, we may well get momentum.
Those who see an ascending triangle or a contraction will also jump there.