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BTC/USDT 1hour chart update !!The Bitcoin (BTC/USDT) chart shows price movement within an ascending channel, with the price currently facing resistance near the $64,000 level, as marked by the blue area. The following key details can be observed: Channel Pattern: The price is moving in an upward sloping channel, indicating bullish momentum. However, the price has recently touched the upper boundary and is now facing a pullback. The blue area around $63,900 to $64,000 is acting as a strong resistance level. The price has touched this area several times but has failed to break it. An arrow indicates a possible bearish move, suggesting that the price may retrace towards the lower trendline of the channel, around $61,000-$62,000. This would be a common behavior of price consolidation before retesting or breaking the resistance. A green curve shows a projected bullish reversal near $60,000, which aligns with the lower trendline support. This could provide a buying opportunity if the price tests this level. Summary: BTC is at a crucial point, facing strong resistance at $64,000. Rejection here could lead to a return towards the $60,000-$62,000 range. A bounce off the support could resume the bullish trend, but a break below would signal potential further declines. If you want more details or have specific questions about further updates, feel free to ask Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
Bearish reversal?BTC/USD is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support level which has been identified as a pullback support. Pivot: 64,339.81 1st Support: 61,171.93 1st Resistance: 66,671.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
BTC Bitcoin Technical Analysis and Trade Idea👀 👉 BTC has recently broken market structure to the upside, signalling a potential bullish opportunity. The breakout is evident on both the daily and 4-hour charts, suggesting a buying setup could be forming. In this video, we’ll analyse market structure, price action, and focus on the prevailing trend. We’ll also highlight a potential trade setup, contingent on the price action aligning with our outlined scenario. **Disclaimer:** This content is for educational purposes only and should not be interpreted as financial advice. 📊✅
Long
by tradingwithanthony
ETH BUY NOW!ETH/USDT Analysis: 4-Hour Timeframe 📊 The chart presents Ethereum’s performance against USDT on a 4-hour timeframe, highlighting key upcoming dates for potential market movements based on predictive indicators. 🟢 BUY NOW 🔴 September 25, 2024 - Sell Date (Red Line): This date suggests a potential local top for Ethereum, indicating an opportunity to take profits or close long positions as the price could potentially reverse downward after this point. 🟢 September 30, 2024 - Buy Date (Green Line): This date forecasts a potential local bottom for Ethereum, signaling an ideal time to accumulate ETH or enter long positions before a potential upward price movement. 🟢 October 4, 2024 - Buy Date (Green Line): This date predicts another local bottom, offering another buying opportunity as ETH’s price could rise after this period. 🕒 Note: All times are based on Los Angeles time (UTC -7). Please allow for a potential margin of error of 1-2 candles for each prediction. Be sure to cross-reference with additional indicators and market context before making trading decisions.
Long
by trushkovskiy
Bitcoin Needs Correction==>>Filling CME GapsBitcoin started pumping after the announcement of the US Federal Funds Rate ( The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%. ). Considering that lowering Funds Rate is potentially good for the cryptocurrency market, lowering Funds Rate while the US government continues to print and spend money is a big mistake. I predict that investors may prefer bonds to riskier assets such as cryptocurrencies as interest rates fall. Bitcoin is currently moving in the Resistance zone($63,500-$61,460) , Potential Reversal Zone(PRZ) , near the 21_SMA(Weekly) and 200_SMA(Daily) , Yearly Resistance(3) and upper lines of the Ascending Channel . According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Zigzag correction(ABC/5-3-5) . Also, Regular Divergence (RD-) between Consecutive Peaks . Before drawing a better conclusion, let's take a look at the USDT.D% and BTC.D% charts. USDT.D% is moving near the Support zone , the lower line of the Descending Channel and the Potential Reversal Zone(PRZ) . I expect USDT.D% to rise at least to the Resistance zone again, bringing down the Bitcoin price .👇 BTC.D% is moving in a Heavy Resistance zone. According to Elliott's wave theory , BTC.D% seems to be completing the main wave 5 with the Ending Diagonal . I expect BTC.D% to start its downward trend soon, which could cause Bitcoin to fall more than other tokens .👇 Based on the above explanation, I expect Bitcoin to at least drop to the Support zone($60,000-$59,100) and Support lines and fill the CME Gaps . Note: If Bitcoin can break the Resistance zone($63,500-$61,460), we should expect Bitcoin to rise to at least $65,000. Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
44
Bitcoin Pin Ball Back To 60K?Bitcoin rallied off the mid 50Ks as per my illustration in my previous article and has tested the 64K resistance area. Reacting to levels within a range is typical and in these cases it is important to pay close attention to the short term price structure and relative support/resistance levels. While NOTHING works 100% of the time, this technique is how I am able to ANTICIPATE price movements consistently. Until the short term structure changes, I am looking for a brief retrace back to 60K followed by a reversal to a higher high. This is this expectations UNTIL the market proves otherwise by changing its structure. For conservative swing traders this means WAITING for the retrace to place out and for an attractive support to be tested around 60K (see arrow). This level has been notable as a support and resistance for months and is likely to play a key role going forward. IF price can retest this level this week, I will be looking for CONFIRMATION in order to justify risk. This can come in the form of an inside bar or pin bar on this particular time frame. For smaller time frames, it is possible to find lower risk entries that still have similar profit potential. To attempt to synchronize with the larger time frame and effectively mange such signals is the whole purpose of my script (Trade Scanner Pro) but it does require some experience. Either way your goal as a trader should be to be able to make effective choices with the least amount of information (and confusion) as possible. If 60K is never tested (anything is possible), then the strength implied by such a scenario can carry price into the 66K area or higher and it can happen fast. The best way to capitalize on this is utilizing smaller time frames like 30 min or lower (day trades). Certainly not an area for beginners unless you trade on paper for learning purposes. It only looks EASY when it is a win AFTER THE FACT. IF 60K is compromised completely, that would cancel out the bullish scenario previously mentioned. You have to be prepared for both bullish and bearish outcome because getting married to a forecast is not optimal in an environment that is MOSTLY random. Focusing on RISK and adjusting to new information (changing levels/price action) is key. If you are having a hard time in this environment, stop and question the sources of information you are consuming. The error usually begins there. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
8
To maintain the uptrend,it needs to be supported around 61099.25 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I'm publishing in advance because I have a schedule. I will explain the new 1W chart and 1D chart as soon as the schedule is over. -------------------------------------- Since I have updated the necessary information for day trading, I will often explain the trading method for day trading. (BTCUSDT.P 1h chart) It is expected that volatility will occur as the 5EMA line of the 1D chart is touched. Accordingly, if it falls below the 5EMA of the 1D chart, the key is whether it can receive support near 61149.5. Since the M-Signal of the 1D chart and the M-Signal of the 1W chart are passing near 60651.2, I think it is a section that must receive support to start an uptrend. - ADX is below 20. - Since OBV is converging, there is a high possibility that a trend will be formed if it breaks through the low line (LL) or high line (HH) soon. - You should check whether the StochRSI indicator rises in the oversold section and shows an uptrend with StochRSI > StochRSI EMA. Since the trend strength has weakened as ADX falls below 25, there is a high possibility that a box section will be formed. Therefore, you should check which section the box section is formed in and think about whether to proceed with a trade within the box section. However, as I mentioned earlier, if you touch the 5EMA of the 1D chart, ADX can rise above 25, so you need to check what kind of movement it shows at that time. The right time to proceed with a buy (LONG) is when it is supported and rising near the HA-Low indicator. At this time, ADX should be rising above 25 and OBV should be rising along the high point line (HH). The right time to proceed with a sell (SHORT) is when it is resisted and falling near the HA-HIgh indicator. At this time, ADX should be rising above 25 and OBV should be falling along the low point line (LL). ------------------------------------------ (BTCUSDT 1M chart) The key is whether it can be supported near the 2nd section and rise to the 1st section. To do that - ADX must be maintained above 25 or show an upward trend. - OBV must show an upward trend along the high point line (HH). - StochRSI must change to a state where it is > StochRSI EMA and show an upward trend. - (1W chart) The formula of the StochRSI indicator included in the TS-BW DMI indicator has changed, creating a different trend line than the previous idea. Therefore, we should check the movement when a new candle is created. Looking at the TS-BW DMI indicator, - StochRSI appears to have changed to an oversold zone and StochRSI > StochRSI EMA. - We should check if ADX can be maintained above 25. A decline in ADX means that the trend strength is weakening. If you look at the OBV indicator, you can see that OBV is converging. Accordingly, you need to check whether it can maintain the uptrend by rising above the high point line (HH). - (1D chart) The trend line has changed, and the next volatility period has changed from around October 7 to around October 11. - ADX is below 25. - OBV is showing signs of breaking out of the high point line and then entering within the high point line. - StochRSI indicator is showing signs of changing the trend in the overbought zone. It is judged that it is not easy to maintain the uptrend in the current state. Accordingly, the key is whether it can receive support around 63118.62-64000.0. If not, and it falls, it is important to see if it can be supported around 61099.25. If the price is maintained above 61099.25, I think it will meet the conditions to start an uptrend because the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Bitcoin/USDT: Potential Reversal After Rejectionhello guys. sorry for the last analysis. it is the right one! Technical Analysis: The chart shows that Bitcoin is facing a significant rejection near the QML (Quasimodo Line), indicating a strong supply zone. Price has failed to break through the supply zone, resulting in a potential double-top pattern, a bearish signal. There is a strong support level of around $57,250, which acts as a potential reversal point. The price is currently retracing after being rejected from the resistance, and a further drop towards the support level is expected. If Bitcoin reaches this support zone, a reversal is possible, indicated by the upward trajectory in the projection. However, if this support fails, further downside movement could occur. Summary of Key Points: Price rejection at QML (supply zone). Expected drop towards the $57,250 support. Potential for a bounce and reversal from this support area. Risk remains high due to uncertain price direction until support is tested. Risk Note: This setup carries a high risk, as a failure to hold the support level could lead to significant downside, and confirmation of reversal is yet to be seen. Always use appropriate risk management strategies. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
1
Bitcoin can rebound from support zone and start to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded inside the range, where it at once rebounded from the buyer zone to the bottom part. After this, it turned around and rose back, and some time traded between 58000 level. Soon, the price broke this level, thereby exiting from the range and later entering the wedge, where it turned around from the resistance line and started to decline. In a short time, BTC declined to the buyer zone, where it reached the support line of the wedge. Then, the price started to grow from this line and rose from the buyer zone, but later it made a correction to the support line, after which turned around and continued to move up. Later BTC reached 62600 current support level, which coincided with the support zone and broke this level. Next, the price reached the resistance line of the wedge and then rebounded down. A not long time ago Bitcoin exited from the wedge and now trades inside the support zone. In my mind, BTC can decline to support zone and then start to move up. For this reason, I set my TP at 65500 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Activate the alarm function when touching the set indicator Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- One of the good things about using TradingView charts is that you can use the alarm function. This alarm function has a limit on the number depending on the plan you use, so please check it out. I will take the time to explain the alarm function using my chart. It is hard, boring, and tedious to just look at the chart until you meet the desired trading point or criteria. If you do that, you may end up making a wrong trade or missing the trading period while doing something else. If you create an alarm and change the Value section to the HA-MS_BW indicator, multiple indicators will be displayed. The indicators currently activated on the chart are HA-Low, HA-High, BW, and M-Signal indicators on the 1D chart, so you can select BW or HA-Low, LH, LL and check if the alarm turns on when they cross. When looking at the 15m chart, since it is moving sideways in the box section of the HA-Low indicator, if you set it to LH, LL indicator, the alarm will come when you touch the upper or lower point of the box. Then, you can use it conveniently when you want to trade within the box section. If you want to trade in a large trend, I think it would be good to set the alarm to turn on when you touch the 5EMA on the 1D chart. Or, you can set the alarm to turn on when the OBV indicator breaks through the high (HH) or low (LL) line upward. If you are a paid member of TradingView, I highly recommend using the alarm function. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Example of how to determine the timing of a tradeHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The following is an explanation of how to use the indicators included in the chart. If you don't need to see how to use the indicators, you don't have to read it. - (15m chart) Currently, it is moving sideways within the box section of the HA-Low indicator. Therefore, in order for a trend to occur, it must break out of the box section of the HA-Low indicator. When the support and resistance points indicated on the chart are touched, you should check the movements of the OBV, DMI, and StochRSI indicators and decide whether to proceed with the trade. If the DMI rises above 25, there is a possibility that it will break through the box section of the HA-Low indicator upward. At this time, you should check whether the OBV is rising along the high point line and the status of the StochRSI. If not, you should decide whether to proceed with the trade within the box section. -------------------------------------- I think that the indicators I used have been organized and modified, and now they are being used more in day trading. If possible, it is good to draw support and resistance lines on the 1M, 1W, and 1D charts and respond accordingly. The most difficult part of any trade is whether it will go up or down right now. For this, we refer to many things. So, what I am going to explain is not necessarily correct, but I think it will reduce the fight with myself about whether to trade right now. - (1D chart) (4m chart) The most important thing in my chart is the MS-Signal indicator. This MS-Signal indicator was created using the MACD formula. Therefore, to see the trend, you can refer to the movement of the MS-Signal indicator (M-Signal on 1D, 1W, 1M charts). Then, you can immediately see the current trend on any time frame chart. For reference, the MS-Signal indicator is made up of the M-Signal line and the S-Signal line. - (15m chart) (5m chart) The next important indicator is the HA-Low, HA-High indicator. The HA-Low, HA-High indicator is an indicator that shows the conditions for trading on the Heikin Ashi chart. Therefore, the creation of the HA-Low indicator means that a low point range has been formed, and the creation of the HA-High indicator means that a high point range has been formed. Therefore, if it is supported near the HA-Low indicator, it is a buying period, and the HA-High indicator is the first selling period. A full-scale uptrend begins when it is supported by the HA-Low indicator and rises above the HA-High indicator. On the other hand, a full-scale downtrend begins when it encounters resistance from the HA-High indicator and falls below the HA-Low indicator. You can use this characteristic to determine the timing of trading. - The BW line is an indicator that is displayed when the lowest point (0) and highest point (100) of the BW indicator included in the TS-BW DMI auxiliary indicator form a horizontal line. Therefore, the creation of the BW line means that a low point or high point section has been formed. Therefore, 1. If the BW indicator is at the lowest point (0), it means that a low point section has been formed. 2. If the BW indicator is at the highest point (100), it means that a high point section has been formed. However, rather than looking at the BW line in this sense, it is better to think of it as a support and resistance point and focus on whether you can proceed with trading depending on whether it is supported or not. - With the newly added OBV and DMI indicators, you can now check whether the current rise or fall will continue by following the correlation of the StochRSI indicator. I think it was difficult to determine this with just the StochRSI indicator in the past. The reason is that when the StochRSI indicator entered the overbought or oversold zone and tried to escape from that zone, it often led to additional rise or fall. Therefore, your own chart analysis know-how was needed to determine this. That does not mean that chart analysis know-how is not needed because the OBV and DMI indicators were added. Please think of it as the concept that there is more reference material to determine this. - (OBV indicator) In order for the price to rise or fall, trading volume must occur. Therefore, it is good to see whether the current rise or fall occurs and whether the buying or selling force increases. The indicator used to confirm this is the OBV indicator. I will not explain the concept of the indicators I am explaining separately. The reason is that it only increases the time spent studying the chart, so I am trying to explain only the core utilization methods of the indicator. In that sense, - If the OBV line rises above the high point and is maintained, it means that the buying force is increasing, - If the OBV line falls below the low point and is maintained, it means that the selling force is increasing. By utilizing this, it can be helpful in determining whether the current rise or fall is sustainable. The color changes when the low or high line is broken, which means that it is the trading period. - (DMI indicator) The DMI indicator is an indicator composed of D+, D-, and ADX lines. Therefore, it is difficult to see and interpret it. To compensate for this, three indicators were created as one. The ADX indicator indicates the strength of the trend. Therefore, an ADX line rising means that the current trend is getting stronger. On the other hand, an ADX line falling means that the current trend is getting weaker. Therefore, you cannot tell whether the current trend is rising or falling just by looking at the ADX line. The correlation between the D+ and D- indicators tells you this. The ADX line in the TS-BW DMI indicator is a comprehensive expression of this information. If the color of the ADX line is pink (#e65100), it indicates an upward trend, and if it is aqua, it indicates a downward trend. If the ADX line is located below 25, it is highly likely that a box section will form. Therefore, at this time, you should check the movement of the indicators mentioned above and check whether there is support at the support and resistance lines displayed at the current price position to determine the trading point. - By checking the correlation between StochRSI and StochRSI EMA, you can determine whether the current trend is sustainable by checking whether the previously used StochRSI indicator has entered the overbought or oversold zone. In other words, even if OBV and DMI show an upward trend, if the StochRSI indicator shows a downward trend in the overbought zone or declines, you should determine that it is difficult to continue the upward trend and find a way to respond. In that sense, if you look at the 1D chart, you can immediately see that even if it rises further, it will eventually fall. Therefore, I think it is a good idea to wait until the StochRSI indicator shows an initialization (if it has entered the overbought zone, it must fall and touch the oversold zone to be determined to have been initialized). We do not know how much the StochRSI indicator will fall, but now we can determine it by looking at the OBV and DMI indicators together. - To comprehensively explain the OBV, DMI, and StochRSI indicators, 1. For an uptrend to continue - OBV must show an uptrend along the high point line - DMI must show an uptrend - StochRSI must show an uptrend (better if it has not entered the overbought zone) 2. For a downtrend to continue - OBV must show a downtrend along the low point line - DMI must show an uptrend - StochRSI must show a downtrend (better if it has not entered the oversold zone) 3. In the case of a box zone - When OBV moves between the low point line and the high point line - When DMI is maintained around 25 or below - When StochRSI is maintained around 50 If you have not started a trade when a movement occurs at the support and resistance points drawn on the chart, it is recommended to check whether there is support by meeting the support and resistance points and then proceed with the trade. Also, - When OBV rises above the low or midline - When DMI shows an upward trend - When StochRSI rises in the oversold zone and becomes StochRSI > StochRSI EMA When the above conditions are met, you can check whether there is support at the support and resistance points drawn on the 1M, 1W, and 1D charts around the price and proceed with the transaction. If you are using my chart to trade, it is recommended to draw at least the HA-Low and HA-High indicators on the 1M, 1W, and 1D charts. And, when the BW line is created, you can determine the trading point by looking at the movement of the indicators. If you need more support and resistance points, you can activate the StochRSI-related (StochRSI < 80, StochRSI > 20), OBV, CCI-related (-100, +100), and RSI-related (RSI < 70, RSI > 30) indicators in the settings of the HA-MS_BW indicator. In addition, 1, 2, 3, and 4 indicate the volume profile points by period, so they also play the role of support and resistance. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
BTC breaking out of handle Structure for major cup and handlePrice action have broken through the 50-100-150 simple moving averages. all averages are aligned according to there respective timeframe. Moving averages are all sloping upward. RSI ignored a potential downtrend and broke market structure. Two curves shown are resistance and support for the price action. The break of structure occured roughly around the 14th of september. Top line is the resistance of the handle. Another touch is possible with the way the market is leaning. The cross on the chart could be another potential trend touch, at around 68,600 as the next stop for what I beleive to be the bull market. That could be a week from now possibly based on the number of bars. Volume is inclining. Seat Belts everyone. This is not financial advice. Do your own DD, come to your own conclusions. Thanks for looking at the idea.
BITSTAMP:BTCUSDLong
by BallsOfSteel32
ETH - Bottoming against BTC and USDT ?**Crypto (ETH/BTC and ETH) review** *General outlook* Bitcoin is now facing resistance at a crucial pivot point to create the first higher high in months, BTC needs to break through the downward trendline (red) and the pivot high at $65,000. This breakthrough could push Bitcoin towards the highs of $69,000–$72,000 and bring an influx of capital to the broader cryptocurrency market. Recently, ETH has garnered less attention as other Layer 1 and Layer 2 crypto projects have taken center stage. While ETH/BTC had initially broken down at levels not seen since april 2021, it's now reclaiming its range lows. Meanwhile, ETH/USDT has maintained its range, suggesting ETH might see gains in the coming weeks, provided Bitcoin doesn't break down. *ETH/BTC* - On a macro scale, the ETH/BTC ratio appears to be moving in a large triangular consolidation pattern. The upward trendline, which will provide support, sits just below the 0.786 Fibonacci level of the entire last wave at 0.0369 ETH/BTC. With levels not seen since april 2021, it is possible that the narrative might shift in favour of ETH. Zooming in, we can see a Hammer candle on high volume that created the low of the range—a potentially bullish signal. While we had broken down and confirmed from the range, ETH/BTC has since reclaimed it, though not yet confirmed. To confirm re-entry into the range, ETH/BTC needs to close with a daily candle above 0.0407 ETH/BTC. This could signal a quick push towards the range high, which coincides with the downward trendline that will serve as resistance at 0.4613 ETH/BTC. *ETH/USDT* - ETH has held the low of the range that lies at the 1.618 extension of the previous big M-pattern and coincides with a pivot point now serving as support (see pic 2). The price has pushed through the 50D Moving Average and upward trendline (green) that served as resistance, indicating bullish strength returning to ETH. To confirm the push higher towards $3,000+, ETH needs to break $2,820. We're still early =) Have a nice weekend ! ZEDDIT
Long
by zeddit
Alikze »» DOT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H - It is moving in an ascending channel in the 8H time frame. - It has been in demand recently after hitting the bottom of the channel again. - According to the current form and structure, this upward movement can touch the targets specified in the chart with the support of the green box range. - In the first step, the first target will be the middle of the 4.68 channel, after which it can continue its growth up to the first supply area. - In addition, in the case of breaking and stabilizing above the middle of the channel, it will have the ability to grow up to the ceiling of the channel and the range of the second supply. 🛑 The most important resistance: ~ 4.68 💎 Alternative scenario: If the green box and the bottom of the channel are broken, the bullish scenario will be invalidated and the correction can continue until the origin of the movement. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:DOTUSDT
Long
by alikze