Hello there, I'm Brian hope you have fun reading this.
First of all, I'm a fundamentalist. Mostly based in the tech of a project and news. But I also did my technical analysis on this one.
Why am i so bullish on 1inch?
This project is rad and easy to use, also they got a tons of airdrops, and the recent alliances are making this project stronger. I'm adding the news that I consider have an impact on the price and adoption of 1inch, also talk you about the news involved in the correlation of the price and adoption.
****KNOW WHAT YOU OWN*****
Always invest in what you know, so here a bit of information about 1INCH, in case you don't know.
1INCH combines the liquidity of other exchanges via smart routing which is called as liquidity aggregation. As a result of this, the best price for buying and selling an asset is presented to the users. The orders placed can be split across different exchanges to reduce slippage and provide the best price to the users.
Conditional:
Take in consideration that we break 51k on btc just a day ago and seems like in the next week going to reach 55k, if all goes on this way we could see 1INCH road to 6$
Fundamentals
1INCH started to work with BSC and got a ton of users now, including me cuz i refused to pay the excesive gas fee of ETH.By the way, talking about eth, Chinese tech company Meitu has purchased $22.1 million worth of Bitcoin and $17.9 million worth of Ethereum with its cash reserves, according to a March 7 press release. Why this matters? because ETH world is involved on 1inch, more eth, prices goes up on eth also 1inch cuz the gas fees. Also BTC securing the price.
1INCH NEWS
- $300K as governance rewards are waiting for #1inch liquidity providers on #BSC right now Raising hands Police cars revolving lightFire Staking APY is 183%
- Working with guys from The Giving Block
- Cross Margin Trading for $1INCH @1inchExchange Enabled on #Binance
- @xSigma5 is now integrated into #1inch
This brings another $141M of liquidity for $USDT, $USDC, $DAI Chart with upwards trend #DeFi #DEX #xSigma #Stablecoin
1inch is preparing a new airdrop for users.
- STAR PROJECT OF THE WEEK according Binance
Peter Brandt Claims Bitcoin Will Trend Higher
Hey wait... Who is Peter Brandt?
In case you don't know, here is a bit of information
Is a legendary trader Peter Brandt opined that Bitcoin would “continue to trend higher” despite many analysts claiming that its rally is too overstretched BTC 350K
If you are new on the forecast space or new trader you might don't know so here why I mention him:
Peter is considered one of the world's foremost authorities on using classical charting principles for the purpose of market speculation. In 2011, Peter was named among the 30 most influential persons in the world of finance by Barry Ritholtz’ web site.
Futures/FX career trader since 1975. Author and publisher of the Factor Report
If he supports BTC is a clear bullish signal, because tons of institutions follows his advices, and works with Factor Report.
Be sure to follow him on Twitter : https://twitter.com/PeterLBrandt
According his chart we could reach 300k - 360k on Sep 21 of this year.
In other news , talking about BTC, this is why the price started bullish this weekend.
BLOOMBERG is talking about BTC: Bitcoin Replacing Gold in Portfolios, Next Target $100,000 – Bloomberg Report Bloomberg report shows that that demand for bitcoin is replacing gold in portfolios at a fast pace. Quoting the report; “Bitcoin inflows are accelerating, along with gold outflows, and we see scant reason to reverse the trend.” Next target for Bitcoin is $100,000.(as found @ Cryptocrunch a nice place to get news)
I catch this call thanks to @LisaNEdwards she is a wicked trader that did awesome forecasts for BTC and several alts, I also did my own chart and here. If you are into futures take in consideration that my timeframe is 4H.
1INCH/USDT CHART (BINANCE)
Own chart
About the chart. The green bars are the supply. The red lines are the divergence of highs going lower and lows going higher, lower highs and higher supports are a clear uptrend signal. The dot lines are the fibonacci retracement and extension so keep an eye on it , of course it could change a bit but i think this is pretty acurate. Just remember the conditional.
On my indicators I use the DMI/ADX it shows the strength of a trend, either up or down.1 According to Wilder, a trend is present when the ADX is above 25. DMI values range between zero and 100.
*I also watch many other indicators on BINANCE (Spot trading) and Stormgainx (Futures) beside of tradingview, also take in consideration the book order*
Why?
For some reason, I get the price earlier (some secs before) on stormgain than binance with btc*
Last minute update about BTC (According @LisaNEdwards Twitter)
$BTC could go into an extended corrective phase in this region
PATTERN 1 - UP FROM HERE PATTERN
2 - WXY - FAILED BREAK OUT P2 - is not bad, will actually help alts giving them breathing room as #Bitcoin trends sideways Sign of the hornsNerd faceLove-you gesture RED line will hold
Chart of BTC by Lisa N Edwards
DON'T FORGET
DOLLAR CURRENCY INDEX :
Dollar started to pump from late february according cointelegraph :
Stimulus checks incoming
$1,400 payouts by the Joe Biden's stimulus check, this could be reedemable in BTC, since the BTC now have a public view the economist espect that some payouts flow into BTC.
The greed is back:
Signalling “extreme greed” among investors.
Some proof of greed by @Whale_alert
And as before, invest in what you know.
Thanks for your time.
Resources : Cointelegraph, Decrypto, Bloomberg and Cryptocrunch, @LisaNEdwards, @PeteLBrandt
In case you liked this and want to share me your profits
BTC: 165Kmy9Xaz9Ra86BLnJVrhHpMHe4Zfv1HS
ETH: 0x7288bb9870fe11283dbffbcbb12e229f60417553
DOGE : D9pT8rUwCS9gpfrQqw6EDRda9gearLEY7Q
