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#TOTAL2 (Altcoin MarketCap) Analysis :
#Altcoins was booming with the #Bitcoin within this month, market cap also hits out the $600B mark. Now, index about to enter the major resistance level of $605B - $640B, where a short-term pull-back may come. We still have the room for an another leg up for alts 🙌🏻. Let's see how market react, once tap-in.
Only 12 hours until the biggest Kucoin Mega Bull Call ever! Here's what you need to know:
- We're expecting gains of over +1000% with the USDT pairing. Make sure you have USDT in your trading account to buy the coin.
- Lots of traders will be buying at the same time, so buy early to avoid missing out.
- If you plan to use your whole balance, buy 50% at market price first, then use the rest to place buy orders.
- When it's time to sell, don't sell all at once. Sell slowly in parts as the price goes up.
- Our whales will be buying with our members to support the price, which will create many opportunities to profit.
- We'll spread the word on social media to keep the gains going as long as possible.
- Millions of traders worldwide will be watching and buying, so get ready for an exciting day!
We have put together a small guide on how to trade our signals effectively on Kucoin to make sure all our members are well prepared : https://telegra.ph/How-to-Trade-KuCoin-Mega-Bull-Call-09-20
The Kucoin Mega Bull Call is happening in less than 24 hours! Here are the important details:
Date: Saturday, February 18th
Time: 16:00 GMT
Exchange: Kucoin.com
Pairing: USDT
Official Target: 1000%
Here's what you need to know:
We'll reveal the target coin exactly 24 hours from now. We'll remind you before then.
You must trade on Kucoin to participate. Kucoin is a big exchange with lots of activity, so it's the best place for us to make a big impact. The target coin may not be available on other exchanges, so use Kucoin to make sure you can access it.
Make sure you have USDT in your Kucoin "Trading Account" because it's the most stable and has the highest trading volume.
This process has worked over 50 times, with a success rate of hitting our gain target 96% of the time. Follow the steps of market buy - limit sell, trust your instincts, and work as a team.
Tomorrow is going to be amazing! Get your trading bags ready because the biggest Kucoin Mega Bull Call is happening in just 24 hours.
What is Engulfing Candlestick Pattern ?
#Engulfing candlestick pattern is a popular candlestick pattern used in technical analysis to indicate a potential trend reversal or continuation. It is formed when a smaller candlestick is completely engulfed by the body of a larger #candlestick that follows it.
There are two types of Engulfing Candlestick patterns:
1. Bullish engulfing pattern: This pattern occurs when a small #bearish candlestick is followed by a larger #bullish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bullish signal, indicating a potential reversal of a #downward trend.
2. Bearish engulfing pattern: This pattern occurs when a small #bullish candlestick is followed by a larger #bearish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bearish signal, indicating a #potential reversal of an upward trend.
Here's the analysis of #MKR :
#MKR on daily TF, moving inside the very large falling wedge pattern and bounced off from the major support of $454 - $475. currently, price rejected from the supporting uptrend line and kinda ranging now. No setups as of now, so better wait for further price action to develop
There're variations of #Doji, which can be seen and used to confirmation and anticipation over the market.
1. Dragonfly #Doji: This pattern has a long lower wick and no upper wick, indicating that sellers were initially in control but then lost their momentum, leading to a potential reversal.
2. Gravestone #Doji: This pattern has a long upper wick and no lower wick, indicating that buyers were initially in control but then lost their #momentum, leading to a potential reversal.
3. Long-Legged #Doji: This pattern has long upper and lower wicks, indicating that the price has moved significantly up and down during the trading period. It suggests a high level of #indecision in the market.
#ADA didn't came to our expected area and rallied up as #Bitcoin did. Price tapped out the major resistance zone and looks like it getting rejected. Its not the right time to enter shorts, as #Bitcoin is bullish. Keep an eye on breakout of the major resistance.
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Here's the analysis of #WRX :
#WRX bounced-off of the major support level of $0.164 - $0.179 and currently, did gave a breakout of the small channel pattern. This doesn't mean a proper buys. Structure is been shifted to bearish as of now, so wait for the setup to form.
On January 19, 2023, #MVRV, an indicator of whether the price of #Bitcoin is undervalued or overvalued, broke through 1.0, and the current value is 1.12, which is still above the undervaluation zone.
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#Bitcoin gained Bullish move after the #CPI data and break above the small Consolidation range. Price nearly tested out the previous range as resistance, can move slightly higher. Looking onto the daily TF, its more kinda retracement, which might finished
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What exactly is a Fear and Greed Index?
The Crypto Fear and Greed Index analyzes a basket of different trends and market indicators to determine whether the market participants are feeling greedy or fearful. A score of 0 indicates extreme fear, while 100 suggests extreme greed. A score of 50 shows the market is somewhat neutral.
A fearful market could be an indication that cryptocurrencies are undervalued. Too much fear in a market can lead to overselling and excess panic. Fear doesn't necessarily mean that the market has entered into a long-term bearish trend. Instead, you can think of it as a short or mid-term reference to overall market sentiment.
Greed in the market is the opposite situation. If investors and traders are greedy, there's a possibility for overvaluation and a bubble. Imagine a situation where FOMO (fear of missing out) causes investors to pump the markets, overvaluing Bitcoin’s price. In other words, the increased greed may lead to excess demand, artificially inflating the price.
Well, these days, market impacted great over the past few weeks. But we should consider everything in account and see that, over-all market conditions entering in fear state due to some fundamentals news and #FUDS. Technical indicates that, price above $20,000 and $21,000 is well and good. We already recommend to tighten the stops and wait for the market to settle down.
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Here's the analysis of #ADA :
#ADA was moving good and bend just before the major resistance area of $0.416 - $0.423. Currently, price is dropping due to market circumstances and expected to reach out the strong support zone of $0.317 - $0.326. Until then no setup for now and in case of deeper retracement, short-sell possible at structural resistances
#FUD driving the market 👀
#BUSD also de-pegged a little, keep watching the market, and tighten the stops on open trades too.
#BITCOIN DAILY UPDATE :
#BITCOIN break below the ascending Broadening Formation and dropping. Price is expected to reach out the support zone at $21,150 - $21,400. Support not looks promising, so a break below/ fakeout is expected. The last area of zone will be near about $20,000. Be careful with open position and manage it well.
#BITCOIN DAILY TF UPDATE :
#BITCOIN sharply rejected the support zone, as drawn and directly hit out the major resistance. Currently, price is struggling out for the breakout above the $24,600 - $25,000 mark. Weekly also looks interesting, we'll update with that, but as of today, eyes on daily Candle Close.
Here's the analysis of #FIL :
#FIL recently heavily bounce-off from the major support zone around $4.630 - $5.000. We recently took a profitable trade from there and currently, price approaching towards the strong resistance at $7.853 - $8.080. Well, catching the running train would be highly risky, so better to a pull-back strong pullback 📉
#LTC bounced from the major support but didn't gave any indication for entering into it. Currently, price is trading near the resistance area at $101.60 and possible retest will be back at support for entries.
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#Bitcoin gave an another small push, which goes above $25,000 and quarter. On 4H TF, its looks close above but on daily TF, its a proper rejection as we're anticipating. Currently, price have some clean move for going lower, and in-between structural support may work at $23,380.
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48 hours until our Kucoin Mega Bull Call
The golden cross appeared on BTC, signaling the beginning of a massive bull run in the market. As we anticipate a new opportunity on a new coin in 48 hours, general market circumstances are even stronger than before.
As noted earlier Our Mega Bull Call takes place on Kucoin because Kucoin is the best place to profit from small cap gems. There are a lot of trading pairs listed which allow us a breadth of options. Many retail, algo, and daily active traders use Kucoin and will add additional volume to our signals. Kucoin also allows users from all over the world to trade and has no KYC requirements. Sign up now if you havent yet, We have also put together a small guide on how to trade our Mega Bull Call effectively on Kucoin to make sure all our members are well prepared: https://telegra.ph/How-to-Trade-KuCoin-Mega-Bull-Call-09-20
Read pinned post | Stay tuned
#Longs are pretty heavy in #Bitfinex, and bit in others too. Funding are also, moving very #positive, which shows, #long position traders are dominating. Market may play opposite to liquidate, over-leveraged traders 📈
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#Bitcoin moved exactly as we're watching on daily TF. Price is been in a retracement phrase and finished. Massively jumped higher and printed a new Higher High as of now. Price entered the major resistance zone of $24,450 - $24,800. Well, its a crucial point now, if price breaks above then we can see continuation further. Most probably, we gonna see a rejection now.
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What is a #Doji Candlestick ?
A #Doji candlestick is a type of chart pattern that is commonly used in technical analysis for trading. It is formed when the opening and closing prices of an #asset are virtually equal, resulting in a small body with long upper and lower shadows.
The #Doji candlestick is considered a reversal pattern, indicating a possible change in the direction of the trend. If it appears after an #uptrend, it may indicate a potential #reversal to a downtrend. Conversely, if it appears after a #downtrend, it may indicate a potential reversal to an #Trading uptrend.
The #Doji candlestick can provide important information about market sentiment, as it shows that neither buyers nor sellers were able to gain control during the period represented by the #candlestick. This can suggest that the market is undecided or that there is a lack of conviction among traders, potentially leading to a change in direction.
#HOOK broke below the consolidation range and fluently moved lower. Price also breaks the support zone and made a low near $2.10. If you took the breakout then its was 39% in profit. Currently, price retesting back and might reject from the resistance again around $2.855 - $2.971.
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Here's the analysis of #LINK :
#LINK is building up and bear flag, just below the hourly resistance zone of $6.71 - $6.77. Price is been rejection the area, and if 4H candle closed Bearish with a rejection wick, then a short-sell will be highly probable.
Price broke the support level and this looks bearish now. This is a short selling opportunity with stop loss above $0.39 level. The next stop is $0.32-$0.33 support zone.
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#Bitcoin started ranging just above the major support level, price barely printed a new LL on Hourly TF. Price looks too much corrective while going down. Still, eyes on $21,070 - $21,300. Anticipating a reversal from there and in case of break, bearish trend might continue.
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Trading With The Trend
#Trading with the trend, also known as trend following, is a objective in trading plan, that involves taking positions in markets in the same direction as the dominant trend. The idea behind this, is that trends in the market tend to persist and that following the trend can lead to higher profits than attempting to predict market reversals.
#Traders who follow this strategy typically use trend analysis #tools, such as moving averages or #trendlines, to identify the direction of the trend and to make decisions about when to enter and exit trades. This can involve taking long positions when the trend is #bullish and short positions when the trend is #bearish.
It is #important for traders to have a well-defined #risk management plan in place to mitigate these risks and to have a solid understanding of the #markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their #positions accordingly.
Wallet Maintenance for BNB Beacon Chain (BEP2) - 2023-02-14
https://www.binance.com/en/support/announcement/f4f798cd1d6f4486a4a998ded460868e
Here's the analysis of #LTC :
#LTC was moving inside the uptrend channel pattern and recently shot below it. Price dropped and respected to the major support of zone around $89.50 - $94.70. Currently, as per market conditions better, wait for the proper indications. On the other hand, if major support breaks, then short-sells can be taken.