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DOT/USD bullish setup with a 1:4 risk-reward ratio

  • DOTUSD bullish setup in the makings
  • The risk-reward ratio is close to 1:4
  • A possible bullish case pattern supports the scenario

Money management is one of the areas in which many retail traders fail. Discipline is needed for success in speculating markets, and erratic price action can fool even the more experienced. 

Because of that, a system based on money management rules helps the trading account as it offers the trader more chances to survive the market’s volatility. That is especially the case in the cryptocurrency market, where volatility is much higher than in other traditional markets. 

The rule of thumb says that one should not enter a trade without a risk-reward ratio of at least 1:2. Effectively, it means that the trader expects twice the reward for every unit of risk taken. Simply put, the trader expects to make two dollars for every dollar risk. 

Naturally, the bigger the rr ratio, the better. In the case of DOT/USD, a risk-reward ratio of 1:4 might be possible, given how the price action behaved from the 2022 lows. 

DOTUSD chart by TradingView

A possible bullish flag pattern supports the trade

The most recent price action shows a possible bullish pattern. Ideally, the price action should break above the pattern’s highest point and keep rallying. 

The invalidation point of both the bullish flag and the bullish scenario is $5. Therefore, the market must hold above $5, and traders should expect more strength on a break above $8. 

The post DOT/USD bullish setup with a 1:4 risk-reward ratio appeared first on CoinJournal.

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Cardano prediction: bullish inverse head and shoulders gives investors hope

  • Cardano finds stiff resistance at the $0.4 area
  • The price action has trouble overcoming the neckline of an inverse head and shoulders pattern
  • $0.6 is the next logical target

Cardano (ADA/USD) has struggled to trade above $0.5 for a while now. Every attempt is met with selling orders, but the price action gives hope to investors. 

After bottoming at the end of last year, ADA/USD rallied from 0.25$ to over $0.4, together with other leading cryptocurrencies. The bear market is over; claimed bulls! 

But any bullish trend is made up of a series of higher highs and higher lows. Also, consolidations are common. It means that investors must give the price action time to consolidate levels before breaking important support or resistance areas. 

In this case, the $0.4 area acts as a major resistance. It is the neckline of an inverse head and shoulders pattern with a measured move targeting the $60 area. 

ADAUSD chart by TradingView

The measured move of an inverse head and shoulders points to $0.6

An inverse head and shoulders pattern is a bullish reversal one. As such, it appears at the bottom of bearish trends. 

One of its main characteristics is the speed of the price action rallying from the lowest point in the head area to the neckline. This rally coincides with the rally that the cryptocurrency market posted in early 2023. 

The first area to provide some resistance should be the pattern’s neckline. $0.4 was the area, representing, therefore, the neckline of the inverse head and shoulders pattern 

At this point, the focus sits on the measured move. ADA/USD should rally to the $0.6 area on a clear break above the neckline. That is the minimum distance the market should travel to confirm the bullish reversal pattern. On the flip side, a drop below $0.25 would invalidate the bullish reversal pattern. 

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AltSignals’ Crypto Presale Launched This March. Here’s Why Investors Want To Take Advantage of Its Presale Prices

AltSignals recently launched a crypto presale event for its ASI token. The platform is one of Web3’s largest online trading communities and offers a comprehensive toolkit to help people learn how to trade crypto.

After almost five years of successful trade signals shared between community members, the AltSignals platform has launched its own digital token (ASI). AltSignals has produced impressive trading calls in the past, and is soon to be expanding its offering with a new AI-powered tool called ActualizeAI.

Could AI be the next big blockchain development?

AltSignals is developing its trading stack by introducing a range of AI-powered tools in a new offering called ActualizeAI. Artificial intelligence, like blockchain, is a revolutionary development that’s disrupting several global industries. By deploying machine learning techniques to instantly judge complex data sets, AltSignals’ new AI tools are set to produce some amazing results.

The blockchain itself, and cryptocurrency price data, contain a constantly-updating stream of complex information, which is why AI algorithms serve a useful purpose. ActualizeAI is being designed to help people learn how to trade crypto with an impressive success rate from the get-go, and AltSignals is positioning itself as a leading project in the blockchain-based AI movement as a result.

What is AltSignals?

AltSignals helps anyone learn how to trade crypto through its new advanced artificial intelligence protocol. Whether an experienced trader or brand-new to the process, AltSignals will help its users to maximize their trading returns through a brand-new tool under development called ActualizeAI.  

ActualizeAI combines advanced AI capabilities with crypto trading signals, utilizing machine learning algorithms to analyze market sentiment and a range of indicators instantaneously.

AltSignals’ flagship trading algorithm, AltAlgo™, has frequently produced over a 70% success rate, making it an industry-leading trading tool for the crypto markets. The AltSignals community has benefited from thousands of successful prompts and learned how to trade through a suite of advanced tools.

ActualizeAI should improve the already impressive success rates of AltAlgo™, and token holders will gain access to the ActualizeAI tool, which makes the ASI token launch an extremely exciting development from the team at AltSignals.

How does ASI work?

The ASI token’s core utility is access to ActualizeAI, with its enhanced benefits for users. ActualizeAI seeks to improve on AltSignals’ AltAlgo™ Indicator, which scans the market 24/7 and sends alerts to help traders maximize their profits, by adding AI elements including machine learning, natural language processing (NLP), and advanced sentiment analysis. The addition of these AI features will improve the trading signals given to token holders. 

Additionally, token holders can join the AI Members Club to gain early access to industry-leading trading tools and some of the best new investment opportunities, including crypto presales and private sales. 

Many tokens have produced more than a 100x return from their crypto presale stage, so the information AI Members Club shares about these early stage token sales will give ASI token holders access to highly valuable opportunities, especially when they are learning how to trade crypto.

ASI users can gain even more benefits from a professional-standard trading toolkit by holding the token. The crypto presale is launching in four stages, which will see the price of ASI rise from $0.012 to $0.02274 over the course of the crypto presale event.

The ASI crypto presale might be a prime investment opportunity

The AltSignals trading community has already had an impressive success rate, which makes ASI an attractive investment during its crypto presale. The addition of AI aspects should make the trading signals offered by AltSignals even more profitable for users, which will add to its appeal, especially when awareness spreads and it hits the public exchanges. 

As well as this, the $ASI crypto presale represents a long-standing project with a proven track record of success. Without a doubt, the ASI token is a fantastic investment opportunity, and excitement around the crypto presale is already beginning to brew.

Is ASI crypto presale worth buying into?

For anyone looking to learn how to trade crypto, the ASI token is a good choice because it gives token holders access to ActualizeAI. With an experienced team, a budding community-driven project, and a highly successful trading toolkit, AltSignals looks ready to take off.

Experts are predicting impressive returns for the ASI token over the coming years. It could be the ideal addition to any investment portfolio due to its strong fundamental characteristics, and early participants in the crypto presale are set to benefit the most from future price action.

When will the crypto presale launch?

After successfully teaching a buzzing community how to trade since 2017, the AltSignals crypto presale went live in March of this year. The token price started at $0.012 per token, meaning that users can get over 6500 tokens for as little as $100.

As a potential gem in the AI sector of blockchain technology, and an industry-leading educational hub teaching users how to trade crypto, AltSignals could turn out to be the buy of the year. To find out more about how AltSignals is revolutionizing how to trade crypto, visit the platform here.

You can participate in the $ASI crypto presale here.

The post AltSignals’ Crypto Presale Launched This March. Here’s Why Investors Want To Take Advantage of Its Presale Prices appeared first on CoinJournal.

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17 straight days of positive realised profit for Bitcoin, the longest streak in a year

  • On-chain profit metrics have picked up as the Bitcoin price has risen
  • Net realised profits have been positive for 17 days, the longest streak in a year
  • 74% of the Bitcoin supply is in profit, three months after it dipped below 50% after FTX collapsed and the Bitcoin price fell towards $15,000
  • Volatility has picked up but it is the thin liquidity which is really helping Bitcoin make a run
  • It’s been a great quarter for investors, but there remains peril, writes our Analyst

Bitcoin had an unforgettable year in 2022 for all the wrong reasons, a collapse in price coinciding with several ugly scandals that rocked the cryptocurrency market at large. 

Thus far this year, however, it has been bouncing back. Up 71% as we close out Q1, it is trading north of $28,000 for the first time since June 2022. 

Looking into on-chain metrics, the positive sentiment is clear.

Net realised profit at one-year highs

The net realised profit of all coins, that is the difference between the price at which a coin moves and the last price it moved at, is on its longest positive run since this time last year, in March 2022. 

For seventeen days now, the net realised profit has been positive. In other words, coins are moving at prices higher than what they were bought at (or the price at which they last moved).

There was an 18-day positive streak in late March / early April last year, and beyond that, we need to go back to Q4 of 2021 to see such a streak, when Bitcoin was trading at all-time highs. 

Granted, the size of the profits over the last two weeks have not been as outsized as we have seen in previous periods, but the very fact that it is a positive run after the year Bitcoin has had is notable. 

Three quarters of the supply is in profit

Another way to see how much things have changed is that three-quarters of the total supply is currently in profit. 

Just before Christmas, I reported when this figure dipped below 50%, meaning for the first time since the brief flash crash at the start of COVID in March 2020 when the financial markets all went bananas, the majority of the Bitcoin supply was loss-making. 

Three months later, the picture is a lot brighter, with 74% of the total supply now in profit. 

Liquidity remains low as stablecoins fly off exchanges

Interestingly, this rise in prices and profit positions is all occurring at a time when liquidity is extremely low in the market. 

In a deep dive yesterday, I compiled an analysis showing that the balance of stablecoins on exchanges has fallen 45% in the last four months and is currently the lowest since October 2021. 

Perhaps that is not a coincidence. The markets are ultra-thin right now, and Bitcoin, which is volatile at the best of times, has found it easier to move aggressively as a result. This also helps explain why it has outperformed the stock market so significantly, despite being so tightly correlated with it recently (although some believers are arguing it is due to banking failures pushing people to Bitcoin, but that feels like a reach). 

Then again, Bitcoin is going to Bitcoin, and its recent volatility is not anything to write home about when looking historically, even if it has picked up compared to the relatively serene period post FTX collapse. 

To wrap this up, it’s been a superb few months to kick the year off for Bitcoin, which is a welcome reprieve for investors who got absolutely battered last year. On-chain profit metrics have come right up as sentiment improves and prices jump. 

But there is also low liquidity which is helping it run-up, while the wider economy presents plenty of uncertainty. Sure, it’s a great start, but it’s not out of the woods yet. 

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Metacade’s Token Sale has Taken Crypto Markets by Storm – as Experts Predicted

Metacade’s new GameFi project has been one of the crypto market’s good news stories as the overall market emerges from the 2022 crypto winter. Bullish price increases led by Bitcoin’s return above $20,000 have led many crypto analysts to look forward to the next bull market. Metacade’s successful presale proves an excellent investment opportunity for traders looking to cash in fully.

As 2023 progresses, will Metacade’s token sales continue to capture the attention of crypto markets?

Will Web3 technology help Metacade attract new gamers?

GameFi, short for “Game Finance,” is a pioneering sector of Web3 that combines the world of gaming with the financial benefits available via blockchain technology. GameFi projects like Metacade, which provide gamers with a comprehensive and immersive platform, can also open up new revenue streams thanks to DeFi functionality.

Consequently, Metacade can enable its community of users to find sources of income from gaming, not just through the traditional GameFi play-to-earn (P2E) route but through additional channels. This could see enormous adoption among crypto game afficionados once the mainstream realizes the vast benefits.

Research from Crypto.com illustrates the enormous potential of the GameFi sector by predicting that crypto gaming could be worth more than $50 billion by 2025. This growth would outstrip traditional PC and console gaming ten times over the same period.

This enormous potential is one of the many reasons investors are incredibly excited about Metacade, making it a compelling investment opportunity for seasoned traders and newbies. Metacade’s project plan outlines a realistic strategy for the platform to become a leading player in the GameFi sector through its immersive gaming experience and potential three billion-strong audience and by driving innovation in the broader blockchain gaming arena.

Can MCADE hit $1 in 2023?

Metacade’s native MCADE token is crucial to the ecosystem’s functionality. Because of this, MCADE’s price will increase as demand increases along with the number of users.

Much of this coin’s popularity is driven by its clever investor-friendly design. With a total supply of just 2 billion tokens, MCADE has outstanding inbuilt utility, excellent tokenomics, and a staking option that allows users to establish a passive income stream from their holdings.

With several ongoing technical releases over the next couple of years and a well-thought-out aggressive marketing plan throughout 2023, analysts believe that MCADE could reach $1 by the end of 2023. The low token supply could easily give the project an achievable market cap of $2 billion.

What is Metacade?

Metacade aims to transfer the world of video gaming with its Ethereum-hosted virtual video arcade that allows users to earn passive income as they indulge their passion. This expansive approach will bring together gaming enthusiasts and crypto fans in one hub, with everyone able to gain rewards through several routes while enjoying blockchain gaming’s most extensive library of titles. This is setting up Metacade for colossal success.

Alongside the platform’s unrivaled P2E mechanics are the Create2Earn scheme, which intends to provide crypto rewards for users each time they post social content to the hub. These can be game reviews, sharing alpha, and contributions to Reddit-style forums and live chats. Meanwhile, the token staking protocol is part of the Compete2Earn scheme, through which users stake their MCADE holdings in return for entry into online tournaments and prize draws.

Among the top features Metacade will bring to the crypto market is the ground-breaking Metagrants scheme. Developers are incentivized to get the freshest new blockchain gaming titles exclusively to Metacade by applying for crypto funding to support their ventures. Each application is pooled and presented to the MCADE community, who vote for their favorite ideas that go into production.

How will MCADE be utilized?

In the Metacade ecosystem, MCADE is the utility token that is used to exchange value for play-to-play titles and merchandise. Due to the token’s uses, the value is expected to rise as the demand for the limited supply increases.

In addition, Metacade’s transition toward becoming a fully-fledged decentralized autonomous organization will see MCADE become a governance token, providing its holders with full governance voting rights to determine the platform’s future direction and ensure that the hub continues to have the most important people at the heart of all decisions, the MCADE community.

Early investors have been reassured that Metacade has submitted its coding and team identification for the rigorous CertiK audit, which was recently approved. Investors can pick up MCADE tokens during the presale safely, knowing that any flaws in the platform’s coding have been picked up and resolved and that the team’s identity is fully verified.

Metacade could be a superb investment opportunity

The MCADE presale recently launched at $0.008 per token. The current token price of $0.02 is available for a limited time during the final stage of the presale, meaning that investors wanting to maximize their returns as crypto market conditions might be wise to get involved now to avoid disappointment.

With the backing of a rock-solid project plan, superbly inbuilt utility, and excellent tokenomics, it’s easy to see why experts are backing Metacade to take the crypto market by storm as the best investment opportunity to consider in 2023.

You can participate in the Metacade final stage presale here.

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