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GBP/USD Is in Sideways Move, Battles Resistance at Level 1.4000

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

GBP/USD Price Long-term Trend: Ranging
Since September 3, GBP/USD is stuck at level 1.3891. The bulls have made three attempts to break the resistance at the recent high but to no avail. On September 3, the currency pair was repelled as it fell to 1.3726 low. The bulls bought the dips as the pair resumed an upward move. However, if the bulls break the overhead resistance, the pair will rise above level 1.4000. Meanwhile, on September 3 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Pound is likely to rise to level 1.618 Fibonacci extensions or level 1.4069.


GBP/USD – Daily Chart
Daily Chart Indicators Reading:
The currency pair is at level 56 of the Relative Strength period 14. It implies that the pair is in the uptrend zone and above the centerline 50. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move. The pair is stuck below level 1.3891

GBP/USD Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an uptrend. The upward move is repelled at the resistance of 1.3888. In the second uptrend, the pair is still facing rejection at the 1.3900 resistance zone. Meanwhile, on the September 10 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Pound is likely to rise to level 2.618 Fibonacci extensions or level 1.4188.


GBP/USD – 4 Hour Chart
4-hour Chart Indicators Reading
The pair is above the 75% range of the daily stochastic. The market is in bullish momentum. It is approaching the oversold region. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for GBP/USD
Since July, GBP/USD has been in a range-bound move below level 1.4000. The pair has failed to break above the overhead resistance as the market continues range-bound movement below the resistance. The uptrend will resume if the overhead resistance is breached. According to the Fibonacci tool, the pound is likely to rise to level 1.618 Fibonacci extensions or level 1.4069.


Source: https://learn2.trade

AUDJPY Faces the 80.760 Support Level in Its Downtrend

AUDJPY Price Analysis – September 13
AUDJPY faces the 80.760 key level as it slips downward. The market began an uptrend after price beat a retreat at the 78.200 support level. The market kept climbing upward till it reached 82.090, at which point the market was knocked down. On its way downward, however, AUDJPY now faces the 80.760 key level which is preventing it from falling further.


AUDJPY Important Zones
Resistance Zones: 81.500, 82.090, 82.900
Support Zones: 78.200, 79.460, 80.760

AUDJPY faces AUDJPY Long Term Trend: Bearish
The AUDJPY market for the past 3 months can generally be described as bearish. This is because, since the 16th of June 2021, price has been falling. Bears faced a confrontation in the fall, majorly at 82.900 and then at 80.760. However, when the market fell to 79.200 on the 19th of August, the downtrend was reversed and price began a fresh uptrend. The market grew 5.27% to reach 82.090, where AUDJPY met brutal resistance and started plunging again.

AUDJPY now faces the 80.760 key level again. The last time the price fell to this level, it took about 20 days to recover. The MA period 10 (Moving Average) has shifted to the top of the latest daily candle to push it further down. The Moving Average Convergence Divergence (MACD) is showing decreasing bullish histogram bars and its lines are converging towards the zero level. These emphasize the weight of bearish pressure in the market. But the 80.760 level will fancy its chances of keeping price up.

AUDJPY faces AUDJPY Short Term Trend: Ranging
AUDJPY 4-hour timeframe reveals that price has begun a ranging pattern below the 81.500 key level as 80.760 has been defending price. The MA period 10 remains above the 4-hours candlesticks, which is a sign of continuous market depression. The MACD Histogram has been all bearish since the 6th of September. Moreso, its lines are about to cross beneath the zero level. This shows that there is a tendency for the market to break lower from the 80.760 key level. When this happens, the price will fall to 80.100.


Source: https://learn2.trade

Gold (XAUUSD) Is in a Downward Correction, Struggles Below $1.830 Resistance


Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Ranging
Gold (XAUUSD) is in a downward correction after its rejection at the high of level $1,900. Today, the Gold is rising after falling to the low of $1,782. The upward move will be accelerated if price breaks above the moving averages. Besides, the uptrend is hampered at the resistance at $1,830. Previous price actions have been facing rejection at the $1,830 high. Meanwhile, on September 3 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise to level 1.272 Fibonacci extension or level $1,877.12.


XAUUSD – Daily Chart
Daily Chart Indicators Reading:
Gold is at level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

Gold (XAUUSD) Medium-term bias: Bullish[i]
On the 4 hour chart, the market has fallen to its low at $1,783 as bulls buy the dips. Gold price corrected upward to the high of $1,801 but faces rejection. Meanwhile, on September 9 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Gold will rise to level 2.0 Fibonacci extension or level $1,816.87.[/i]


XAUUSD – 4 Hour Chart
4-hour Chart Indicators Reading
Gold is above the 50% range of the daily stochastic. It indicates that the market is in bullish momentum. Gold price is rising marginally. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
XAUUSD’s price is a downward correction. Gold price is attempting to break above the moving averages. A break above the moving averages will accelerate the upward move. Buyers have two hurdles to jump over. The bulls will have to break above the moving average and clear the resistance at $1,830.


Source: https://learn2.trade

XAGUSD Surges on Dismal US Jobs Report Amid Depressed Dollar

XAGUSD Price Analysis – September 10
Silver (XAG) is up 3.90 percent from the last session, assisted by the dismal NFP report, which came in below forecasts. XAGUSD reached $24.87, its highest level in a month, as per the technical analysis. The dollar stays depressed overall, extending weekly losses.

Key Levels
Resistance Levels: $26.00, $25.50, $25.00
Support Levels: $23.50, $22.87, $21.89
XAGUSD Long term Trend: Ranging
Long-term and mid-term bias is optimistic, and a climb towards $25.00 is expected if the broken $24.50 barrier level remains as support. On the other side, a break and closure below $24.50 would bring the $24.00 level back into focus. The pair is ranging and may go either way this week.

On the contrary, we’ll anticipate more downside below $24.50, with objectives of $24.00 and $23.50 on dollar’s strength. From a technical standpoint, a breakout south might happen in the next several trading days. In this instance, the XAGUSD exchange rate might find support at 23.50 percent and $23.00.

XAGUSD Short term Trend: Ranging
The recent breakout past $24.50 is expected to last through the coming trading sessions from a technical standpoint. In this case, the horizontal support level of $24.00 could provide support to the XAGUSD exchange rate in case of a retracement. The RSI stays overbought in the short term.

The pair is expected to find initial support at $24.50, however, further breach lower may go with a slide through taking it to the next support level of $24.00. On the positive, the pair is expected to hit its first level of resistance around $25.00, with a spike through taking it to $25.50.


Source: https://learn2.trade

Bitcoin Cash (BCH) In a Sideways Move, Faces Rejection at $715

Key Highlights
BCH targets the high of $804
BCH/USD faces strong rejection at level $700

Bitcoin Cash (BCH) Current Statistics
The current price: $648.50
Market Capitalization: $13,457,887,724
Trading Volume: $2,976,721,816
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis August 30, 2021
Bitcoin Cash (BCH) has fallen to $648.67 low. Since August 16, BCH has been in a downward correction after the uptrend was stalled at level $715. Buyers have retested the resistance zones thrice but could not break above the recent high. Yesterday, BCH was repelled as the altcoin dropped to $641 low. BCH will rally above $800 if buyers overcome the $715 resistance. Today, BCH has fallen to the support above 21-day SMA. The market will resume upward if the support holds.


BCH/USD – Daily Chart
Bitcoin Cash Technical Indicators Reading
The altcoin is at level 54 of the Relative Strength Index period 14. It indicates that the crypto is in the bullish trend zone and above the centerline 50. BCH is above the 21-day SMA. A break below the 21-day SMA will cause the altcoin to resume a downward move. The 21-day and 50-day SMAs are pointing northward indicating the uptrend.

Conclusion
Following the recent breakdown, BCH is likely to resume an upward move. Meanwhile, on the August 29 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.618 Fibonacci extensions or level $ 804.21.


BCH/USD – 4 Hour Chart

Source: https://learn2.trade

Bitcoin SV Price Pulls Back to Gather Momentum for Bullish Trend

Bitcoin SV Price Analysis – August 30

The price may break up the barrier at $185 level and the key resistance level at $217 may be tested when the bulls increase their momentum, further increase may push it to $233. Price may reduce to the support level of $148 and it may continue to the support level of $101 and $73 in case the bears oppose the bulls at $185 level.

Key Levels:

Resistance levels: $185, $217, $233

Support levels: $148, $101, $73

BSV/USD Long-term Trend: Bullish

On the daily chart, Bitcoin SV is bullish. The Bitcoin SV experienced a pullback towards the dynamic support level last week when it tested the resistance level of $185. The bulls are waking up again and the bullish momentum is restoring in to the BSV market. Yesterday, the price increased to test the previous high at $185 but later pull back. There is tendency that the price may increase further above $185 level.


BSVUSD Daily chart, August 30
The fast moving EMA remains above the slow moving EMA and Bitcoin SV is trading above the 9 periods EMA and 21 periods EMA on the daily chart as a sign of bullish trend. The price may break up the barrier at $185 level and the key resistance level at $217 may be tested when the bulls increase their momentum, further increase may push it to $233. Price may reduce to the support level of $148 and it may continue to the support level of $101 and $73 in case the bears oppose the bulls at $185 level. The Relative Strength Index (14) is at 60 levels with the signal line pointing up to indicate buy signal.

BSV/USD Medium-term Trend: Bullish

Bitcoin SV is bullish on the 4 hour chart. The former resistance level of $148 is broken up and turned to support level. The buyers pushed up the price to test the resistance level of $185. The mentioned resistance level is yet to be broken up. The price is currently ranging within $185 and $148 levels.


BSVUSD 4-hour chart, August 30

Source: https://learn2.trade

USDCHF Slide Poised To Remain, Swissy Gains From Safe-Haven Status

USDCHF Price Analysis – August 24
During Tuesday’s European trading hours, the USDCHF maintain its decline and struck a low of 0.9117 after sliding from the prior day’s high of approximately 0.9178. Amid concerns about the coronavirus and a resurgence in the global economy, the Swiss franc gains on its safe-haven status. At the time of this post, USDCHF is trading at 0.9129.

Key Levels
Resistance Levels: 0.9240, 0.9200, 0.9150
Support Levels: 0.9080, 0.9050, 0.9000

USDCHF Long term Trend: Ranging
On the daily chart’s technical front, a clean break out of the 0.9117 low level could hasten the downturn. Take note of the 0.9018 low of August. If the price falls below 0.9117, the recent low of 0.9018 will be reached. The 0.9000 support zone is guarded by the latest low of 0.9018. To bring volume to the lows of the 0.9018/0.9000 zone, a fall at 0.9117 is required.

However, there are no obvious indicators of completion at this time. The next objective is the anticipated return from 0.9117 to 0.9150 when high-volume trading resumes. A big breakthrough of the 0.9170 resistance level, on the other hand, would be an early indication of a trend reversal and might bring attention to the 0.9200 upside zone.

USDCHF Short term Trend: Ranging
The intraday slope of the USDCHF remains in a range, implying a retest of the 0.9018 bottoms. A break of the minor barrier around 0.9150, on the other hand, would shift short-term expectations and neutralize intraday bias once more. Meanwhile, in order to resume consolidation and enter a new phase of expansion the intraday bias will be dragged back to 0.9200.

The downward slopes of the 5 and 13 moving averages, which are also in a bearish slide, provide additional support for recent near-term forecasts. The RSI is declining, and the short-term picture remains skewed towards August lows, with a breach below this level reinforcing bearish fears.

Source: https://learn2.trade

Gold (XAUUSD) Consolidates Above $1,720, Further Selling Pressure Is Likely

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bearish
Gold price is in a downward move. On August 9, the XAUUSD fell to $1,677 low and corrected upward. Today, the market has risen to a level $1,756 and a further upward correction. Meanwhile, on June 17 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Gold will fall to level 1.618 Fibonacci extension or level $1,652.86. From the price action, the market is correcting upward to $1,755.


XAUUSD – Daily Chart
Daily Chart Indicators Reading:
The market has fallen to level 37 of the Relative Strength Index period 14. It indicates that Gold is in the downtrend zone and capable of falling on the downside. The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend.

Gold (XAUUSD) Medium-term bias: Bearish
On the 4 hour chart, the Gold price has fallen and it is in a downward correction. Gold price is fluctuating between $1,720 and $1,780. XAUUSD is trading in the overbought region of the market. There is the likelihood of further downward movement of the Gold.


XAUUSD – 4 Hour Chart
4-hour Chart Indicators Reading
Gold is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Gold (XAUUSD)
XAUUSD price is in a downward move. Today, the price is correcting upward for a possible rejection at the recent high. According to the Fibonacci tool, Gold will further decline to the low of level $1,652.86.


Source: https://learn2.trade

XAGUSD Attempt at Further Recovery Stays Beneath $26.00

XAGUSD Price Analysis – August 1
Silver has made another attempt to climb higher and has recouped some of its previous losses, but the XAGUSD pair still has a long way to go before the buyers are secure. As buyers observe the gap between central banks and mixed greenback over its peers during times of heightened risk aversion, Silver stays beneath $26.00.

Key Levels
Resistance Levels: $27.50, $26.75, $26.00
Support Levels: $25.00, $24.50, $24.00

XAGUSD Long term Trend: Ranging
On the daily chart, the main resistance levels to watch are $26.00 and $26.75 levels, which have restricted its upside since early July. The recent low level around the daily ascending trendline at $24.50 should provide instant support in the case of an unforeseen downturn.

If the $26.00 and $26.75 barrier fails to hold, silver prices may be ready to move further in the medium to long term. The market action has generally been consolidating beneath the $26.00 levels during the last few days. A steady rise towards the February 1 highs could be feasible if it breaks above the $27.50 mark.

XAGUSD Short term Trend: Ranging
On the 4-hour chart, silver appears to be constrained by a big technical hurdle at $25.80. If the barrier holds, XAGUSD is anticipated to find support near the $25.30 level, slowing the bears and expanding gains against the US Dollar in the short term, thanks to the 4-hour moving average of 13.

In the meantime, bears are unlikely to win the market. The upward range between $26.00 and $26.75 might be a potential upside goal. A persistent break below, on the other hand, could signal bullish exhaustion, putting the pair at risk of breaching the major $25.00 psychological mark.


Source: https://learn2.trade

Perfect Crypto Investment Strategies – Part 3

A NON-DIRECTIONAL (MARKET-NEUTRAL) CRYPTO TRADING METHODOLOGY
It has been said often and often, that rule-based discretionary traders are the best traders on this planet. For you to be a winning trader, you need to abide by the Golden Rules of trading, which ensure your lasting success in the markets.

Trading principles that work are timeless and non-market specific. Those principles ensure that you triumph no matter what the market does. And by following the principles, they make you smarter than many other traders out there, who are on the other side of your trades. Most traders on the other side are losing traders, and sincerely speaking, the losses they sustain are what translate to profits for smart traders.

In order words, for you to make profits from the markets, certain traders have to lose. One trader’s positivity is another trader’s negativity. To enjoy everlasting profitability in the markets, the trader must find ways to outsmart other market players; otherwise, the trader will run into problems.

What can you do to outperform other traders?
WHAT THE MARKET-NEUTRAL STRATEGY DOES
For those who don’t know what they are doing, and who have not mastered the art of trading, trading is one of the hardest jobs in the world. Why is trading so hard? It’s because no one knows where the price is going next. Yes, we predict, but we’re not always right.

Sometimes, the market will go as predicted, and sometimes, it won’t. Sometimes, the market will first go against you before going in your favor, and sometimes, it would first go in your favor, only to later turn against you.

In face of all the vagaries of the markets, how then will one manage to make profits? That’s where a non-directional trading methodology like the one used here is extremely useful.

The trick is to catch pips no matter what the market does. Granted, we may not have a 100% guarantee about where the market goes next, but we know that we will make profits no matter where the market goes. The aim is to generate profits regardless of what the market does, whether up or down.

We no longer care about the direction of the market once we have entered; knowing full well that we will make money whatever the market does afterward. That is the essence of this market-neutral system.

UNCERTAINTY IS OUR ALLY
The unpredictability of the market, which scares most people away, is the most important determinant of our gains. It is the factor that enables us to make profits.

What most see as a problem is a boon to us. What causes fears in other people is what brings peace of mind to us. We make profits only because we enjoy dealing with losses. We can’t predict the market with certainties, yet we make money from uncertainties, which will forever be on our side.

Once we open trades, the market can do anything they like, and we eventually make money regardless of that.

TURNING LOSS INTO PROFIT
Embracing loss to make profit is something that must be done, in order to be triumphant on the battlefield of the financial markets.

In one of his past newsletters, Dr. Van K. Tharp says:

“In any endeavor in life, you have up and down periods. Dealing with the market has many such up and down periods. To profit from the up periods, you have to tolerate or even “enjoy” the down periods.

…It turns out that one of the major problems people have in going from their current location to their desired goal is all of the walls or obstacles they continually run into each day. There is a common solution to these obstacles — make them okay. Don’t worry about getting from point A to B, just enjoy bumping into the walls.

If you’re in the market, one of the biggest obstacles you’ll face is the wall of losses. It’s fairly difficult to deal with the markets if you are not willing to lose. It’s almost impossible. It’s like wanting to be alive, but only wanting to breathe in and not breathe out.

When you want to be right, you’re not dealing with the obstacles. Instead, you’re forcing things. When you want to make a profit out of today’s trade, even though it’s a big loser, then you’re not dealing with today’s obstacle. Enjoy the obstacle, embrace it, and be willing to accept it. If the market tells you it’s time to get out at a loss, then do so.

Quite often traders take the relationship they are having with the market and transmute it by developing a different system or trading with a professional money manager. Now, the old struggle they used to have with the market—of not accepting what the market gives them—becomes a similar struggle they are having with their system or with their new advisor. Instead of giving up on the market after a string of losses, just in time to miss the really big move, they avoid their system until it is doing well. When it is showing tremendous profits, they jump on board — only to be blown away by the market. And the same thing happens when they invest with money managers. This desire to be “right” motivates them to jump to the top money manager when he’s hot, only to go through a big string of losses. It’s all the same thing.

Psychologically, if you don’t come to grips with your obstacles and embrace them, you will simply find another way to repeat them. Realize that the walls occur because they are there for you to bump into. When you accept this fact and embrace it, you’ll accept bumping into walls. And strangely enough, you hardly even notice that the walls are there. The result will be a new level of success in the markets.” (Source: Vantharp.com)

MANAGING TRADES WITH THE GOLDEN RULES
As it has been said before, trading principles that work are timeless, and we use some of them in this non-directional trading methodology.

Let us examine a few of them:
Cut your losses short:
This strategy works because we have mastered the art of cutting losses. We cut as many losses as we sustain, as we don’t give them enough breathing space. Once it is clear that a trade is not going in our direction, we truncate it. We truncate as many losses as we see. If you don’t like cutting losses, you can experience occasional wins, but you’ll end up being frustrated and your trading career won’t last long. There is no wisdom in allowing your losses to become bigger.

This is a positive expectancy system since losses are often smaller than profits. If a strategy generates losses that are bigger than profits, then that is a negative expectancy system, just like scalping strategies which usually have large SLs and tight TPs (a few losses will wipe away most or all previous numerous profits). Cutting your profits and running your losses is counter-intuitive and counter-productive.

Let your profits run:
Once we make profits, we give them enough leeway. Since we know that a profitable trading system is the one whose average profits are bigger than its average losses, we leave our profits in an attempt to make them bigger. The only way to stay forever victorious as traders is to make more money during winning streaks than what is lost during losing streaks.

Safe positing sizing:
That is the part of the system that tells how much to risk per trade. Our positing size is always small. If you risk big, you will eventually lose big. If you risk small, you can then go for small and consistent profits.

Never let your profit turn into loss:
That is straightforward. Once you make decent profits, you have to protect them, and never allow them to turn into losses. Breakeven and trailing stops come in handy in this aspect. However, we use only breakeven stops to make our position risk-free once we make decent profits.

EXECUTING THE STRATEGY
Although the actual entries and exits rules for this non-directional crypto trading strategy are not revealed here, the Golden Rules above are part of the rules we use to implement the strategy.

This gives us a huge edge!

Moreover, this particular method of approaching the market is not used for generating crypto signals. Rather, it is used for our private accounts management.

CONCLUSION
In part 1 of this series, we discuss the best way to discover and invest in cryptos that will perform very well in the future. In part 2, we discuss a position cum swing crypto trading strategy that enables us to find rare, high-quality opportunities and dive in. This part 3 and the final in the series, has examined ways to make money regardless of the directions of crypto markets.


Source: https://learn2.trade

Investing in the Cryptocurrency Industry Based on Sectoral Divisions: A Complete Guide

With the growing boom in the cryptocurrency industry and the fear of missing out on a trending investment, many investors buy into crypto projects without knowing what they are or do. While cryptocurrencies are trendy and very profitable, it helps to know exactly what it is you are venturing into.

In this article, we will dive into the different kinds of cryptocurrency available in the market and what they entail. Let’s get right into it!

Sectoral Division of Cryptocurrency
Understanding the concept behind a digital asset and having insight into the seasonal cycle or beneficial undertones of that asset puts you, as an investor, ahead of the game. The key concepts behind cryptocurrencies classify them into niche sectors, giving them unique investment potentials. Listed below are the different classifications (sectors) of cryptocurrency:

Store of Value (SoV)
As the name implies, stores of values are cryptocurrencies that serve as a reserve or hedge assets against inflation. A store of value is an excellent investment tool and is highly recommended for fledgling investors.

Currently, only Bitcoin (BTC) falls into the SoV category. While Bitcoin is yet to reach its full potential, it has gained recognition as a store of value and is sometimes referred to as “digital gold.” This explains why many companies store a percentage of their cash reserves in Bitcoin.

Investment Recommendation: Excellent

Distributed Computing
Distributed computing cryptocurrencies, also called blockchain platforms, are the next most reliable crypto investment options being the SoV category (Bitcoin). This category involves cryptocurrency ecosystems, where developers build and distribute other cryptocurrencies. The future of the crypto industry relies heavily on this category, giving them a healthy level of durability and staying power in the financial industry.

The most prominent cryptocurrency in this category is Ethereum (ETH). Ethereum hosts a vast amount of developers, crypto assets, and crypto products and applications. Other top contenders in this category include Binance Smart Chain (BNB), Cardano (ADA), Tron (TRX), and several others.

Investment Recommendation: Excellent

Financial Services
One of the latest booms in the crypto industry is Decentralized Finance (DeFi), which has grown to a +100 billion dollar industry in just a year. While the sector involves many technicalities and niche knowledge, the payouts are worth the stress. Several reports have noted that DeFi is the future of finance due to its efficiency as a financial tool.

While investing in the DeFi sector (Financial Services) is relatively riskier than most other crypto-based investments, the profit potentials make it worthwhile.

Some prominent DeFi projects currently killing it in the market include Uniswap (UNI), Chainlink (LINK), Avalanche (AVAX), Aave (AAVE), PancakeSwap (CAKE), Maker (MKR), Compound (COMP), yearn.finance (YFI), and many others.

Investment Recommendation: Excellent


Exchange Tokens
Exchange tokens are cryptocurrencies used on blockchain ecosystems for a variety of purposes including, facilitating transactions, staking, voting, and many other functions. Most cryptocurrencies in the distributed computing sector fall into this category. However, traditional exchanges are difficult to operate given the continual risk of legal and regulatory challenges. Regardless, exchange tokens can be lucrative crypto ventures.

Investments Recommendation: Good

Stablecoins
Stablecoins, one of the fastest-growing sectors in the crypto industry, are digital currencies pegged to real-world assets (usually the US dollar). Because stablecoins are (usually) pegged to the dollar (meaning they mirror the dollar’s price action), they do not possess the typical volatility that comes with digital currencies.

That said, stablecoins are not ideal for profit-making ventures and can only get used as a reserve due to their non-risk nature.

Some examples of stablecoins include USDT (Tether), USDC (USD Coin), BUSD (Binance USD), DAI (Dai), TUSD (True USD), and many more.

Investment Recommendation: Good

Gaming
In some sense, blockchain economies are similar to video game economies, where you purchase real money to purchase virtual goods for the game. One popular gaming-like Crypto project is Decentraland (MANA), which allows users to buy virtual assets in a fully immersive VR world. Instead of purchasing real-world assets like real estate, the user could acquire virtual real estate in Decentraland.

While we cannot say for sure that Decentraland will still exist in the next ten years, virtual real estate is staying a trend of the future.

Investment Recommendation: Good

Meta Chains
These are crypto-based projects that provide network interoperability between blockchains, much like how there are companies that provide interoperability between Windows and Mac OS. For example, meta chain protects can facilitate data exchange between the Ethereum and Cardano blockchains.

Investment Recommendation: Good

Meme Coins
Over the last few months, the crypto industry has witnessed the rise (and sometimes fall) of a new breed of digital assets known as meme coins. Typically, meme coins possess no intrinsic value and often serve no purpose. As the name implies, they are digital assets created around jokes, images, or social media trends.

Not surprisingly, this category of cryptocurrency is the most volatile amongst other categories, as that is the whole idea behind them. While they usually lack a healthy community who believe in the technology behind the project, this crypto category relies on internet hype and promotion from influential personalities like Elon Musk.

Meme coins are often restricted to a few exchanges due to their unrestrained nature. We have seen meteoric rises and dips in several meme coins over the past few months, including the likes of Dogecoin (DOGE), Shiba Inu (SHIB), SafeMoon (SAFEMOON), and several others.

While many investors avoid meme coins because of their volatile nature, the payoffs are usually worth the risk.

Investment Recommendation: Good

Privacy Coins
While they claim to be anonymous, Bitcoin and other mainstream cryptocurrency are not completely anonymous. Transaction histories on mainstream cryptocurrencies are readily available to anyone interested in viewing it. With privacy coins, however, it is a different story. Transaction histories are totally out of reach from inquirers.

While transactions are used for legitimate purposes, like protection of privacy or avoidance of tyrannical governments, they are heavily used for shady transactions. This places privacy coins in a position where widespread or mainstream adoption is unlikely.

Investment Recommendation: Poor


Layer 2 ETH Solutions
Layer 2 ETH solutions are crypto projects built on top of a blockchain and require no changes to the Layer 1 network (Layer 1 refers to the underlying blockchain architecture being used and changes to this network are cashed Layer 1 solutions. Examples include Bitcoin and Ethereum).

While Layer 2 solutions have to leverage the security of the consensus mechanism of the host Layer 1 network, they are capable of increasing transaction speeds dramatically. On average, Ethereum’s Layer 1 can handle about 15 transactions per second, while Layer 2 projects can facilitate up to 4,000 transactions per second.

Some examples of Layer 2 ETH solutions include Polygon (MATIC), OMG Network (OMG), Cartesi (CTSI), and many others.

Investment Recommendation: Good

Conclusion
The primary objective of an investment-based venture (like trading cryptos), above everything else, is to realize profits. That said, it is advisable to take time in understanding exactly what it is you might be putting your capital into to give you a better knowledgeability grasp of your investment of choice. Investing in the crypto sector based on a sectoral perspective gives you an edge over the rest of the market.



Source: https://learn2.trade

DeFi Coin (DEFC) Consolidates for a Stronger Hold Higher

DeFi Coin (DEFC) Price Analysis – August 2
After last month’s fall paused on the approach to daily cloud base and subsequent positive finish, the DEFC continues to consolidate its position in early August as recovery sustains, buyers are adding additional evidence to cement reversal. On July 31, the team said it will lock in DeFi Coin Liquidity for a one-year contract within 72 hours. Locking liquidity not only protects trade volume but also demonstrates a commitment to the DeFi Coin Protocol.

Key Levels
Supply Levels: $2.186, $1.500, $1.277
Demand Levels: $0.661, $0.500, $0.075

DeFi Coin (DEFC) 12-Hour Chart: Ranging
The DeFi Coin (DEFC) will most likely rebound from the ascending trendline support around the $0.833 level before recovering to the $1.277 resistance level, according to the price most likely scenario. Alternatively, until a new fundamental catalyst arises to prompt a range breach, the DEFC could remain range-bound between $0.661 and $1.277.

However, the positive relative strength index (RSI) price divergence in the coin is still extending up to $1.500. This raises the probability of the coin rallying to rise in the medium run. A notable entry for the DEFC will be on a bounce off the ascending trendline at $0.833 or on a reach of the horizontal support level at $0.661 if a short decline occurs.


Source: https://learn2.trade

GBP/JPY Continues Downward Move, Trades at the Overbought Region at Level 152.00

Key Resistance Levels: 150.000, 152.000, 154.000
Key Support Levels: 146.000, 144.000, 142.000

GBP/JPY Price Long-term Trend: Bearish
GBP/JPY pair is in a downtrend. The currency price is making a series of lower highs and lower lows. Today, the pair is approaching the overbought region at level 152.06. The selling pressure will resume in the overbought region. Meanwhile, on June 21 downtrend; a retraced candle body tested the 38.2 % retracement level. The retracement indicates that the Pound will fall to level 2.618 Fibonacci extension or level 143.37.


GBP/JPY – Daily Chart
Daily Chart Indicators Reading:
The pair is at level 47 of the Relative Strength Index period 14. This indicates that the pair is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping downward. The price bars are below the SMAs which indicates further downside.

GBP/JPY Medium-term Trend: Bearish
On the 4-hour chart, the pair is in a downward move. The pair is presently trading in the overbought region of the market. Meanwhile, on July 8 downtrend; a retraced candle body tested the 38.2 % retracement level. The retracement indicates that the Pound will fall to level 2.618 Fibonacci extension or level 145.37.


GBP/JPY – 4 Hour Chart

4-hour Chart Indicators Reading
The currency pair is above the 80% range of the daily stochastic. It indicates that the pair is in the overbought region of the market. The pair has been trading in the overbought region for the past three days. Sellers are likely to emerge in the overbought region to push prices down.

General Outlook for GBP/JPY
The GBP/JPY pair is in a downward move. The market is currently in the overbought region. The pair will soon resume selling pressure as the pair faces rejection at the recent high. According to the Fibonacci tool, the pair will reach the low of level 145.37.

Source: https://learn2.trade

EURJPY Hovers Past Mid 129.00 Level As EURO Limits Losses After ECB


EURJPY Price Analysis – July 27
The EURJPY cross stays on track to recover the prior day’s loss after a rebound from the mid 129.00 level during Friday’s European session. The selling pressure in the yen keeps the recovery in EURJPY well and sound at the FX market weekly close. The ECB meeting has helped investors maintain an optimistic outlook on the EURO.

Key Levels
Resistance Levels: 132.00, 131.00, 130.00
Support Levels: 129.02, 128.00, 127.07
EURJPY Long term Trend: RangingIn a broader sense, a rise from level 121.61 is considered as a medium to long-term rising phase inside a long-term sideways trend. A further gain is expected as long as the weekly low at 128.59 support level holds.

On the other side, a drop beneath the level at 128.59 weekly low may reveal the 128.21-128.29 range (monthly low-levels Mar.2021) and then level 128.00. Even so, the continuous breach of the 128.00 level may imply that growth has been accomplished from the 121.61 level, refocusing attention on this low.

EURJPY Short term Trend: Ranging
At the moment the intraday bias in EURJPY remains slightly to the downside. The present rally may aim for a sustained rebound from 128.59 to 131.00 levels. To suggest short-term topping, a breach of 128.50 support level is necessary on the downside. Alternatively, forecast in the event of a retreat may stay bullish.

Nonetheless, a clear breach might see resistance next at the 131.27 level. Near-term support shifts to level 129.02, then level 129.62 which typically holds higher for retaining the initial risk. A breach may see a reversal to level 128.59 but with anticipated fresh buyers below.

Source: https://learn2.trade

Perfect Crypto Investment Strategies – Part 2

A POSITION TRADING STRATEGY FOR CRYPTOS
As it has been said before, the best way to make money from viable cryptos is to buy and hold them forever, since investments that are worthwhile are also investments that appear in your will.
Apart from a ‘buy and hold’ method of investing, there are other ways to make money from medium-term movements of cryptocurrencies.

While there are a plethora of worthless crypto trading systems out there, there are a few crypto trading techniques that have proven to be rare gems. One of them is discussed in this piece.

This is a position trading strategy, because we will hold a position for a certain amount of weeks. We also exit a non-performing trade after a fixed period of time.

WHEN NOT TO ENTER THE MARKET
Do not go against the major trend, since doing that will prove to be suicidal. Major trends are easily located on higher timeframes.

This is where many people get it wrong. Many traders enter the market at wrong times; they go long when prices have rallied significantly, and thus suffer when caught in pullbacks that invariably occur. They also go short when the markets are significantly bearish and ready for a serious bounce.

Granted, a market that appears oversold may still go further southwards, and vice versa for a market that is overbought. However, those who trade in such manner will often get whacked by inevitable corrections that follow. When a barber or a waiter starts talking like a trading genius, showing you how much they have made, then it is time to exit the market.

We want to follow the trend. We want to follow the line of the least resistance, for that makes a perfect rational and logical sense. Nonetheless, we want to enter only when the odds are properly stacked in our favor, since we just don’t want to buy because the market is going up and we don’t want to sell simply because the market is falling.

Yes, we don’t want to sell in a bear market that is crashing into long-term demand zones; and we don’t want to buy in a bull market when it is ramming into very strong supply zones.

WHEN TO ENTER THE MARKET
When the market is seriously weak, wait for a transient northwards movement before you go short. This makes you sell when there is a rally in the context of a downtrend. In order word, you are selling at a higher price in a downtrend.

When the market is significantly bullish, wait for a transitory dip before you go long. This makes you buy when the price is on sale, and in the context of an uptrend. In order word, you are buying at a lower price in an uptrend. That means you are buying at a lower rate.

By selling weak trading instruments at higher rates, and buying strong instruments at lower rates, you maximum you chances of making profits.

READINGS, TIMING AND PARAMETERS
The logic behind this trading technique has been summarized above, but some questions remain. What timeframe to use? When to enter exactly? When to take your profits? When to exit a non-performing trade?

For this crypto strategy, the condition for entry in a bear market is different from the condition for entry in a bull market.
Strategy snapshot
Strategy style: Position trading
Timeframe:*
Indicator: Exponential Moving Average (EMA)*
Instruments: Focus on the top 100 cryptos only
Entry rule in a bear market: When the EMA* is sloping downwards, go short on a coin that has rallied by x* percentage, provided price remains below the EMA*
Entry rule in a bull market: When the EMA* is sloping upwards, go long on a coin that has dropped by x* percentage, provided price remains above the EMA*
Exit rule for non-performing trades: Exit a trade that has proven to be non-performing for x* days
Exit rule for positive trades: Exit a positive trade that has been on for x* days
Position size: 2% per trade

AN EXAMPLE IN A BEARISH MARKET
Between June 26, 2021 and June 29, 2021, Internet Computer (ICPUSD) moved upwards by roughly x* percentage; whereas that happened within the context of a downtrend. Thus it would be illogical to go long then. Rather the best action was to go short because the line of the least resistance was in favor of sellers.

Since June 29, 2021, until the time of writing this article, ICP has fallen by close to 2300 pips.

While doing this, we take the risk management and position sizing recommendations serious.
You’ll never be a victorious trader until you master these 2 vital aspects of trading.

A GOOD ENTRY IN A BULLISH MARKET
In May 2021, EOS (EOSUSD), which was previously enjoying buying pressure, suddenly dropped heavily, losing more than x* percentage of its value. The price was still above the EMA (which was sloping upwards). This scenario proffered a clean entry signal, and we opened a long trade on EOSUSD.

EOSUSD eventually went upward and made a nice profit before we exited the trade.

A GAME OF PATIENCE
As outstanding as this crypto strategy is, the signals generated by it are few and far between.

First we focus on the top 100 cryptocurrencies only, because of their liquidity, high capitalization, potential and popularity. Second, we don’t enter the markets until our conditions for long or short trades are totally met. That is why patience is needed while using this strategy.

Think of how many trades you have taken in the past. Have you been profitable with them? Taking a few trades in a month or a quarter and making decent profits is better than taking numerous sub-optimal trades over short period of time and having drawdowns.

Valid signals generated by the strategy discussed here are scanty; but when it does generate a signal, then, believe me, it’s time to make money. We’ll always be patient for valid signals to be generated.

CONCLUSION
Dr. Van Tharp says you can only trade your beliefs about the market and that success in the markets depends upon how useful those beliefs are. That means when you have useless beliefs about the markets, you’ll find it difficult to trade victoriously. For you to be victorious, your beliefs about the markets must be useful.

The trading method discussed here is one of the systems we use to generate long-term signals for our subscribers in Learn2.trade Crypto Telegram channels. There are other strategies that generate intraday and swing trading signals, but the one discussed here is what will be used to generate position trading signals for our subscribers.

The next article in this series will discuss a magical/outstanding non-directional (market-neutral) trading methodology. Honestly, this ensures we make money no matter what the markets does.


*The exact parameters and readings are not disclosed as we use this strategy to generate signals for our paid subscribers.

Source: https://learn2.trade

Bitcoin Whales Still Stacking Up Coins Despite Bear Market: Glassnode

No Commentson Bitcoin Whales Still Stacking Up Coins Despite Bear Market: Glassnode
Despite the recent crash below the critical $30k level by Bitcoin (BTC), on-chain metrics from Glassnode suggest that whales are still on binge acquisition mode.

According to the analytics platform’s weekly report released yesterday, the benchmark cryptocurrency’s reserves on crypto exchanges are on a steady decline despite having turned bearish since its sustained drop below $36k. Recent data put the average monthly withdrawal from crypto exchanges at about $1 billion.

Glassnode explained that this action by large investors indicates that they are moving their holdings to safe storage rather than selling on exchanges.

Glassnode also reported a spike in the number of entities HODLing BTC since May, noting that this number has increased from 250,000 to 300,000 presently. According to the analytics firm, “an entity” is a unique on-chain cluster of associated addresses.

Glassnode revealed that the number of “sending entities” (unique address clusters selling their holdings) dropped significantly from 150,000 to 100,000, while “receiving entities” (unique address clusters HODLing or accumulating more coins) have spiked by 20% from 190,000 to 250,000 over the same time.

However, Glassnode highlighted that market sentiment is currently heavily divided, noting that:

“We have an extremely divided market, and one with a likely expansion of volatility just around the corner.”

Key Bitcoin Levels to Watch — July 20
After a prolonged bout of sideways movement, Bitcoin has finally broken below the critical $30k for the first time since June 22. The primary cryptocurrency suffered a devastating blow from the $31k pivot zone, which accelerated its descent below $30k.


BTCUSD – 4-Hour Chart
The recent crash sent BTC to the $29.5k support, followed by a rebound to the $29.9k level presently. That said, the $29.5k support might not be the bottom of the present crash, and subsequent declines could follow in the coming hours and days.

Meanwhile, our resistance levels are at $30,000, $30,500, and $31,000, and our key support levels are at $29,500, $29,000, and $28,000.

Total Market Capitalization: $1.2 trillion

Bitcoin Market Capitalization: $558.7 billion

Bitcoin Dominance: 46.6 %

Market Rank: #1

Source: https://learn2.trade

Gold (XAUUSD) Recovers above Level $1,760 but Struggles to Break $1,800 High

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bullish
XAUUSD has resumed an upward move after falling to the low of level $1,760 on June 18. On June 29, the bears retested the support as Gold resumed upward. The implication is that the uptrend has resumed as price fails to break the current support the second time. From the Fibonacci tool, Gold has reached bearish exhaustion at the 2.618 Fibonacci extensions as price resumes upward.


XAUUSD – Daily Chart
Daily Chart Indicators Reading:
Gold has risen to level 48 of the Relative Strength Index period 14. It indicates that Gold is in the downtrend zone and below the centerline 50. The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend. The Gold price has broken above the 21-day SMA. A break above the 50-day SMA will propel Gold to rise.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4 hour chart, the Gold price has resumed its upward move. Meanwhile, on July 6 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise to level 1.272 Fibonacci extension and reverse. From the price action, the Gold price is rising to reach the Fibonacci level.


XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
Gold is above the 40% range of the daily stochastic. It indicates that the market has reached bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
XAUUSD’s price has recovered above $1,760 support. Gold price is rising as the 21-day SMA crosses above the 50-day SMA. According to the Fibonacci tool, Gold will rise to level 1.272 Fibonacci extension and reverse. That is at level $1,830.71

Source: https://learn2.trade

XAGUSD: Silver Price Is Holding Up Beyond Mid $26.00 Level

XAGUSD Price Analysis – July 4
The Silver (XAG) sellers were unable to keep their price below the $25.00 level and began a new surge versus the US Dollar. The XAGUSD pair has moved into a positive zone after breaking through the mid $26.00 level. Silver is holding up while the dollar fell on Friday as risk appetite increased.

Key Levels
Resistance Levels: $28.00, $27.50, $27.00
Support Levels: $26.00, $25.50, $25.00

XAGUSD Long term Trend: Ranging
The moving average 5 of silver (XAGUSD), which is currently working as support at $26.00, has served as a solid basis for price activity in recent days, with the moving average 13 about crossing lower at $26.10 given credence to a change in trend.

To the upside, there is decent resistance in the $26.72 region, while to the downside, the current range’s bottom comes into play just around the $25.50 level. Currently, XAGUSD is rising, and bulls may try to push the price above $26.72.
XAGUSD Short term Trend: Ranging
Technical buying on the recovery from a short-term slump around ascending trendline support at the $25.52 level from June 29 has helped spot silver prices recapture past the $26.00 level in the short run. Silver, on the other hand, remains well within recent ranges when viewed over a medium time horizon.

This week, Silver (XAG) may attempt an upside breakout, and a break of $26.72 minor resistance might push the price to the $27.00 mark. There hasn’t been any follow-up buying yet. But, before any rise, sustained trading over the $26.00 level should confirm that a rebound from $25.52 has been completed at the $26.50 level.

Source: https://learn2.trade