𝙊𝙘𝙚𝙖𝙣 𝙏𝘼

​​#News 🟠◻️☝️↔️🔀Which exchanges are left to trade?

Against the backdrop of another negative on Huobi (which one since January?), KYC strengthening on Kucoin (from August 31 you will have to upload identity documents and perform biometric face verification), the question is relevant again: "And which exchanges are left suitable for safe and comfortable trading?".

🔀 BingX

The advantage of BingX, unlike other exchanges, is that KYC is not necessary, and withdrawal of funds without identity verification is available up to $50,000 per day.

🟠◻️☝️ Binance, OKX, Bybit

Well these are the veterans of the market. Undoubtedly, reliable options with a convenient interface, a large number of pairs and good liquidity, but you will have to pass KYC, which has been tightened recently.

↔️ Bitget

Is an exchange that is close to the top. Convenient, lots of trading pairs and also no mandatory KYC required yet.

🧩 Kucoin

Kucoin is also not a bad exchange, but here they introduced KYC, for example. Who is not satisfied with it - the exchange is already falling away.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🔹 Alts are sideways. What's there a month and a half later?

At the beginning of July we showed you an interesting list of "Chinese" (ONT, AVAX, QTUM, VET), which have been trading in a sideway for a year and a half, and are now near its lower boundary. Overall, nothing has changed in a month and a half, except that entry prices have become even nicer.

Just a reminder post 🤝

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🐕 SHIB/USDT

In our previous analysis of SHIB July 11 , July 20 we wrote that it is one of those assets, which should be entered as often as possible, in order to be in a position at the moment of growth in August (it was very likely, based on the number of expected infoprovods). So we see that SHIB has been growing almost every day during the whole August, showing itself stronger than the market.

The only shame is that SHIB did not give an adequate pullback to enter the position 😅 What to do now?

Infos

On the Shibarium blockchain - insiders claim that it will be launched in the next 2 weeks.

Also, the other day, the developer of Shib announced three upcoming partnerships.

Graph

In the July 20 analysis they wrote that the downtrend is about to be broken. Since its breakdown, the upside is already ~33%. That's strong, of course.

The growth is strong, but it is very qualitative. By "qualitative growth" we mean adequate growth with rising lows and highs, clear pullbacks (50-62% Fibo) + working off mirror levels. Just look at how mirror levels are working out perfectly on SHIB. And the pullbacks were clearly at 0.618 and 0.5 Fibonacci. What a beauty 🤌

Another successful retest of the mirror level yesterday. We already see a good reaction from the 980-1020 zone and the pullback was 50%. We think that resistance 1130-1200 will be tested again (this is 7-13% from current).

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🪙 XRP/USDT

In the analysis of three weeks ago on XRP, we painted a picture for a more medium-term perspective, forming the main thesis that this asset has been in an uptrend for a long time and XRP should continue to work, looking for entry points on corrections. So, is the current correction, which we see, enough?

It is worth recognizing that XRP is weaker than many other alts and bitcoin lately. Well, this is not surprising, as the asset is undergoing an adequate correction after the pampa. The whole dump has already corrected to 0.618 Fibo (in logarithm), but it can blow down to 0.786, so nothing surprising here.

We can see that a pretty good support was drawn in the area of 0.67, but it was not possible to start and move to a new growth spiral. Further, the level of 0.67 became a mirror level and sellers were actively selling there.

What about entry points?

Is there an entry point now? Specifically on the current ones - no. Let's consider entry points with the following initial data:

1) A close above 0.67 (green scenario). In this case, we break the mirror level of 0.67, break the local descending structure and go up to at least 0.72.

2) Reaction at the previous low ~0.60 (turquoise scenario), or a small break to remove stops. Quite an adequate option, which has the right to life.

3) Going to the big zone 0.58-0.55 (mirror level stretching back to December 2021), unloading the pump as far as 0.786 Fibo retracement and going up from there. This option is now feasible only with the help of bitcoin, when it decides to take out the support of 28600. If that doesn't happen - Ripple is unlikely to give such a correction on its own.

💡 We remind you that XRP is already in an uptrend in the medium term, so you should work with this asset from longing.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 💰 BTC - short review

Today there was a squeeze to 29100, which was cheerfully bought back on increased volume. They didn't even let it reach the support zone 28600-29000, they bought it back earlier. Thus, they created a short-term illusion that the bitcoin will still make an attempt to storm 30000 again.

As a result, all purchases were almost absorbed and now we have a neutral market in the local situation, tomorrow should give the market a direction. All we have to do is wait for a new momentum and capitalize on the trend👌

There is often increased volatility in the market on Monday and Tuesday.

Tomorrow there will be many very interesting and useful posts from us 👨‍💻

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🐶 Interesting picture on DOGE

Every time a certain base is formed, from which DOGE arranges its trademark pump in the period after bitcoin halving.

For example, the current support of 0.05-0.058 has held since February 2021.

The latest analytics on DOGE from July 30 are generally up to date. Yes, and the first levels for buying have already been approached.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🪙 LTC/USDT

Though we had a rest this week, but our business was alive 😅 This is us, for example, about the analytics on Light, where each of you could reread the post and see that we recommended to buy under two conditions - fixing above 95 or after the reaction at 77-78. Although, we should admit that we came to 79 and it is not fact that many of you bought. Even if you did, the current profit would be only 4-5%.

All right, the recommendations remain the same. If the theory about bitka's pullback is right, then we wait for the continuation of the fall on the light, and if we want to buy, we need a reaction from the trend line - let it be the zone 76-78.5. Without a reaction, we do not buy.


Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🪙 LTC/USDT

Update to July 21 post

The halving of the Lightcoin network took place yesterday. As it often happens - on the news went fixation.

In the last analytics they warned that there was little time left before the Light halving, so there was little time for longing. They suggested to enter longing only at fixing above 95. As we can see in the end, the level of 95 turned out to be very strong and it was not possible to consolidate above it. But the recommendation remains the same - if we consolidate above 95, we buy.

On the weekly tf: we start to fall under the downtrend again, although there are still chances to bounce before the end of the week.

On the daily tf we came to 0.618 Fibonacci retracement level, but we can't buy just because of it. There is quite a good chance to go down to 0.786 level, which intersects with an important price level around 77-78. We can expect a good reaction from there because there is an uptrend in that area, which has proved itself very well.

In general, recommendations for Light: buy on a consolidation above 95 or buy after a reaction at 77-78.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 💰BTC - Overview

In the last analysis they wrote that the decline at the moment looked very weak and it is quite likely to go after the liquidity of shortists, they pointed out the nearest levels 29500-29700. As a result - we got a powerful shoot up to 30000.

The growth was quite good and aggressive, but bitcoin remembered the correlation with S&P500 at the moment when the index started to fall aggressively. Perhaps if it wasn't for the correction in the S&P500, bitcoin would have continued its rise to 30500. Besides, the volumes on the growth were very good. And as a result, we got a takeover of the rising candle on August 1, and it did not consolidate above 29500.

It's hard to make trading decisions now, but our team doesn't think that the current picture looks terrible. Yes, if the S&P500 continues to fall aggressively, bitcoin will make a break (under 28600) and go to 28300, 28000 and 27500. But if there is no aggressive fall of the index - bitcoin may feel more confident.

To confirm the longing scenario, we need to see a confident consolidation above 29500 and a return to the previous sideways range. After that we can target the middle and upper boundary of the range.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🔹 Alternative tokens

Sketched out examples of formations on alts that are holding up pretty well and drawing setups for continued growth (addition to today's post about BTC and how we are still confused by this decline).

Let's see, let's wait for confirmations. The first bell will be the closing of the daily candle on bitcoin with a bullish pin bar (with a long shadow at the bottom). And if the close happens above 29350, the potentials could turn neutral (potential trend change 📈).

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🔸 BNB - Review

Okay, now we can pay attention to BNB. They announced the launch of two projects on Binance Launchpool - SEI and CyberConnect. Buying on BNB started at once.

We remind that on the weekly tf BNB is at the lower boundary of the long sidewall of almost 1.5 years. On the daily tf they draw an ascending triangle - the lows are growing, and the highs are on the same place.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 💰 BTC - Overview

We have a local overshoot. Our team's expectations were for a decent momentum, but in the end what happened? We shaved off another small batch of stops that had been accumulating for a week, the previous lows were updated by "as much as 100 pips" 😅 What's next? What levels to count on? Where will be the next liquidity? We will gradually answer these questions for you....

The levels for shorting liquidity are quite clear. They are both 29500-29700 and 30400-30500.

Daily RSI is almost unloaded, 6h - also.

On the news background: slight FUD on SEC and Coinbase + Curve hack, but not even a hint of any panic.

Alta is behaving quite strongly and many of them are drawing patterns that are far from bearish - various bullish wedges, pennants, flags, descending triangles.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🐶 DOGE/USDT

Update to July 25 post

DOGE continued to grow (at the moment gave another +10%), but is now trading 5% more expensive than the price from the last analytics. Recall that in it we recommended to keep buying for those who bought on July 5 recommendation (you now have ~25% profit). For those who didn't buy - there were no safe-haven options.

On the upside, DOGE confidently broke the downtrend on fairly high volume. In addition, RSI on the weekly tf is still far from overbought. We believe that the 0.095-0.112 zone will act as a magnet due to the presence of a lot of liquidity in the form of close to each other highs.

The last buying opportunity is 0.074-0.076. If the pullback is given there, we can take advantage of it. To reach the levels of 0.069 and 0.064 we need a very aggressive collapse of bitcoin. Those who are patient - you can throw orders and try to wait.

In general, our team is more inclined to the fact that DOGE may soon move to vertical growth and the 0.095-0.112 zone will be reached (this is 20-40% from current levels). Let's not say that there is no comfortable entry point right now. Those who know how to work with risks can take small volumes at least from current levels and gain on the pullback. And those who want a safer entry, we can only advise them to wait for a pullback.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🔗 LINK.

After the rapid growth of LINK, we offered a new entry point - in the zone 7.40-7.70. And so, on July 25, came to this zone, breaching it completely - everyone had the opportunity to gain a position again.

We don't know who bought where, but now there are two options: 1) to fix purchases with the purpose to re-buy lower again (on possible bitcoin fall); 2) to take a risk and just put a stop at breakeven.

On the weekly tf LINK looks very charged and reaching the upper boundary of the range (9.50) is a matter of time. Therefore, if you sell LINK while riding on the roller coaster, do it carefully - don't forget to buy it back later, because the potential rocket here is serious.

Ocean TA | Education | P2P | Indicators | All trade agreements

​​#Analytics 🪙 XRP/USDT. Medium/long term outlook

After a series of successful trades on XRP, it's time to take a breather, rest and take a look at this asset on a larger tf, highlighting the near-term horizons for ourselves.

Accumulation

Let's start with the fact that after reaching 0.618 of the "covid growth" correction, XRP has been accumulating (from May 2022 to March 2023) and the support at 0.30-0.32 always made itself felt. The largest volume was at ~0.38-0.40 cents and we can conclude that the big players were accumulating XRP at this price.

Levels

After that, the mirror level of 0.45 became the support and from March 2023 to the beginning of July 2023 XRP was accumulating (reaccumulation), and the whole structure, which was formed more than a year, became a resistance squeeze (resistance at the same level, and lows are growing), the breakdown of which was only a matter of time.

On the news momentum of the court victory, the price was reaching resistance in the zone of 0.92-1.03. These marks will keep XRP from hiking to 1.35.

We are sure that all this year someone could have already known that XRP would win in court, so the chart was telling us that the case would end up going up here.

Structure

XRP is one of the few assets that is already in an uptrend. The downtrend has been broken, and the uptrend structure was being built while resistance was still being squeezed, and now it may not be broken anytime soon. Even a pullback to 0.55 will not break the uptrend structure on XRP.

Based on this, we should work with the XRP coin from the long side, looking for entry points on corrections. Where exactly we will draw support is still unknown, as not much time has passed since the impulse. We suggest focusing on bitcoin and buying back XRP together with bitcoin.

It is unlikely that the accumulation of almost a year long was such that the distribution ended on a single rising candle. We assume that we will approach the resistance of 0.92-1.03 more than once.

What's in the news with the SEC?

The SEC may appeal, yes. Ripple's attorney, John Deaton, said that an SEC appeal of the XRP case would not be a problem, as it would take 2 years to rule on it, and the current ruling will be in effect for all that time.

District Judge Analisa Torres referred the Ripple case to Magistrate Judge Netburn for a general pretrial hearing, and Sarah Netburn is a judge who has made statements regarding the case at one time or another. Specifically, that the SEC "lacked fidelity to the law." Based on this, we can say that the judge is technically on Ripple's side.

​​#Analytics What a strong discorrelation with the S&P 😳

At current S&P500 index values, bitcoin was worth $55000-$59000 in 2022.

Unfortunately, since +/- May bitcoin has completely lost correlation with the S&P500 index and the entire rapid rise of the S&P by more than 10% bitcoin has hung out in the sideways.

If big red candles start to appear on the S&P500, bitcoin will not survive and the correlation will temporarily return. In other words, bitcoin does not react to small movements of the S&P500 (fall/growth) or to a strong growth of the S&P500, but it will react to a strong fall.

Ocean TA | Education | P2P | Indicators | All trade agreements