Qluster Research

Share this post
Focused Analysis: Cryptocurrency, Technical Outlook, Edition #197 (16/03/2022)
research.qluster.co

Focused Analysis: Cryptocurrency, Technical Outlook, Edition #197 (16/03/2022)

#FreeAlpha πŸš€ Q goes back to our roots in tonight's analysis - this one is all about CRYPTO. Read the technical update featuring Bitcoin and the latest community-selected Altcoins πŸ‘‡

Qluster.co
Mar 16
1
Share this post
Focused Analysis: Cryptocurrency, Technical Outlook, Edition #197 (16/03/2022)
research.qluster.co

The information on this website is for general information purposes only. It is not intended as legal, financial and/or investment advice and should not be construed and/or relied on as such. Before making any commitment of a legal and/or financial nature you should seek advice from a qualified and registered legal practitioner and/or financial and/or investment adviser. No material contained within this website should be construed or relied upon as providing recommendations in relation to any legal and/or financial product. Qluster does not recommend and/or endorse products and does not receive remuneration based upon investment and/or other decisions 


Volatility Alert: Federal Reserve rates decision fast approaches

As the Fed's slow dance with stimulus draws closer to a conclusion, it is now Q's turn on the floor for some dirty dancing with Crypto.

Tonight's report will be solely cryptocurrency-focused as Bitcoin shows apparent cues that price action is gearing up for a potential impulse break upβ€”or down.

By factoring in the current levels of uncertainty across financial markets, the latest technical analysis infers a latent possibility for either bullish or bearish outcomes to eventuate. 


Observe an idealised illustration of Bitcoin's possibilities below...


Bullish Perspective

Bitcoin vs. US Dollar, $BTC - 4 Hour (H4)

TradingView Chart

Bearish Perspective

Bitcoin vs. US Dollar, $BTC - 4 Hour (H4)

TradingView Chart

To explain this in a more digestible way...


While $BTC trades below both the daily (D1) 20-exponential moving average (GREEN) and 50-moving average (RED), the market demand is at risk of falling lower.

A general outline of the levels are outlined below to help with learning how to interpret moving average indicators:

D1 20 EMA: US$ 39,6XX

D1 50 MA: US$ 40,1XX 

If the $BTC trading pair can flip resistance levels indicated by the moving averages into support, the technical basis for an earlier chart idea appears robust at the present moment.

Bitcoin vs. US Dollar, $BTC - Daily (D1)

TradingView Chart

Some eerie parallels in funny business that occurred in the US$ 6K consolidation of 2018 can be extracted below.

The reference here is the recent events that transpired after a 'gravestone Doji' trapped FOMO-buyers in a false breakout around US$ 40K. 

Bitcoin vs. US Dollar, $BTC - Daily (D1)

TradingView Chart

Bitcoin vs. US Dollar, $BTC - Daily (D1)

TradingView Chart

Contrary to the impending doom that may be days awayβ€”or, even weeksβ€”it is impossible to ignore the fact that fear induces volatility.

And, as technical theory suggests, volatility can create opportunities for market participants to make money.


Now, regardless of which direction is in store for Bitcoin...


A reading of new developments across Altcoin markets indicates that price action is highly likely to reflect the Top Dog of cryptocurrencies.

Except for some outliers. 

Before diving into this latest selection made by our beloved Q Family, one example of these outliers is outlined below.

Begin tonight's rapid-fire technical analysis of Altcoins with a view of THORChain, $RUNE.


πŸ™…β€β™€οΈ Caution. It is essential to consider the risks of an adverse trend reversal πŸ™…β€β™‚οΈ

The information on this website is for general information purposes only. It is not intended as legal, financial and/or investment advice and should not be construed and/or relied on as such. Before making any commitment of a legal and/or financial nature you should seek advice from a qualified and registered legal practitioner and/or financial and/or investment adviser. No material contained within this website should be construed or relied upon as providing recommendations in relation to any legal and/or financial product. Qluster does not recommend and/or endorse products and does not receive remuneration based upon investment and/or other decisions 


THORChain RUNE, $RUNE - 4 Hour (H4)

TradingView Chart

Share


Several tokens nominated by our community of technical practitioners in the Qluster Research Facebook Group reveal setups that appear ready to take flightβ€”note a break upside for Bitcoin is essential to qualify these assessments. 


Bitcoin vs. US Dollar, $BTC - 4 Hour (H4)

TradingView Chart

Share


ChainLink, $LINK - 4 Hour (H4)

TradingView Chart

Share Qluster Research


Immutable X, $IMX - 4 Hour (H4)

TradingView Chart

Share


Terra, $LUNA - 4 Hour (H4)

TradingView Chart

Share Qluster Research


Fantom Foundation, FTM/USD - 4 Hour (H4)

TradingView Chart

Share


Avalanche Network, $AVAX - 4 Hour (H4)

TradingView Chart

Share Qluster Research


ICON Foundation, $ICX - 4 Hour (H4) 

TradingView Chart

Share


IOTA Foundation, $IOTA - 4 Hour (H4) 

TradingView Chart

Share Qluster Research


Enjin, $ENJ - 4 Hour (H4)

TradingView Chart

Which Altcoins are you watching? Leave a comment to let Q know πŸ‘‡

Leave a comment


VeChain Foundation, $VET - 4 Hour (H4)

TradingView Chart

Don’t miss the upcoming Premium content! Paid supporters stay tuned to receive an in-depth tutorial on how to build a trading plan around tonight’s Altcoins 🀫


See you again for the next update.

- q


We’re on a mission to a Brand New World.

It’s a place where people come to share in the wonderful gifts of trading. Where individuals come to qluster their knowledge, united by a shared love for learning.

This is Trading Made Social.

Help us on our mission by sharing the gift of Trading Made Social to new explorers.

Join our Facebook group and connect with likeminded traders πŸš€

Qluster Research Facebook Community

Like and Follow our Facebook page for activity updates πŸ“£

Like & Follow our Facebook Page

Connect with us on LinkedIn for future updates πŸ€

Connect with us on LinkedIn


The information on this website is for general information purposes only. It is not intended as legal, financial and/or investment advice and should not be construed and/or relied on as such. Before making any commitment of a legal and/or financial nature you should seek advice from a qualified and registered legal practitioner and/or financial and/or investment adviser. No material contained within this website should be construed or relied upon as providing recommendations in relation to any legal and/or financial product. Qluster does not recommend and/or endorse products and does not receive remuneration based upon investment and/or other decisions 

Comment
Share
Share this post
Focused Analysis: Cryptocurrency, Technical Outlook, Edition #197 (16/03/2022)
research.qluster.co

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

Β© 2022 Qluster Research
Privacy βˆ™ Terms βˆ™ Collection notice
Publish on Substack Get the app
SubstackΒ is the home for great writing