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$BTC parabolic move will continue!Two years ago, we confirmed the #Bitcoin bottom in November 2022! There was a 528.58% increase from the December 2018 bottom to November 2020. There was a 529.81% increase from the November 2022 bottom to November 2024 and it is still continuing. Therefore, we witnessed a mega bull process for #btc and #altcoins with a closing and retest in December 2020 above the 2017 local peak. Today, a one-month closing and retest has been completed as of November 2024, above 69k, which is the local peak of November 2021. An exciting process begins for #Alts and #BTC
by EtherNasyonaL
Phemex Analysis #37: PNUT's Nutty Rally _ Can it Continue?PNUT, the aptly named "Peanut the Squirrel" coin, has taken the cryptocurrency world by storm. Launched on November 4th, 2024, PNUT has experienced a staggering 4659% rise, soaring from its initial price of $0.0521 to a staggering high of $2.431 on November 14th. This phenomenal growth has captivated investors and sparked speculation about the coin's future trajectory. Possible Scenarios: Breaking Nuts or Bust? Breakout Rise: If the bullish momentum continues, PNUT could attempt to break through the current resistance level at $1.65. A successful breakout could pave the way for further upward climbs, potentially challenging previous highs at $1.87 and $2.20, or even establishing a new all-time high. Indicators to Watch: Strong buying volume, positive social media sentiment, and continued media attention could be catalysts for a breakout. Bearish Drop: Despite the recent surge, it's important to remain cautious. The cryptocurrency market is notoriously volatile, and a correction could be on the horizon. If the price falls below the $1.26 support level, it could encounter further downward pressure, potentially reaching the $0.843 support level or even the $0.42 support level. Indicators to Watch: A decline in trading volume, negative social media sentiment, and broader market weakness could trigger a pullback. Trading Strategies For Bullish Investors: Buy Order: Consider a buy order when price breakout above $1.65 with strong volume. Stop-Loss: Set a stop-loss order below a key support level, such as $1.26, to limit potential losses. Take-Profit: Determine a take-profit target based on your risk tolerance and desired profit margin. For Bearish Investors: Sell Order: Consider a short-sell order if the price breaks below the current support level ($1.26) and bearish indicators emerge. Stop-Loss: Set a stop-loss order above a key resistance level, such as $1.48, to limit potential losses if the price rallies unexpectedly. Take-Profit: Determine a take-profit target based on your risk tolerance and desired profit margin Conclusion PNUT's recent performance has been nothing short of extraordinary. However, it's crucial to remember that the cryptocurrency market is unpredictable. By understanding the potential scenarios and implementing effective risk management strategies, investors can navigate the volatility and potentially capitalize on PNUT's future movements. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
TOTAL 3 - Crypto Total Market Cap excluding BTC and ETHVery technical. A global trend, followed by a correction to the 0.618 Fibonacci level and the global order block, which is also the PoC (Point of Control) of the entire trend movement. We're clearly moving within a kind of wedge. We haven't been fans of technical analysis for a while, but part of it will always stay with us. I think this is one of those moments when, after it plays out, people will look back and say: "How obvious it was." There are two options here: either one more update of the lows on altcoins or a correction upwards. Two scenarios, but globally, it doesn't change anything.
CRYPTOCAP:TOTAL3Long
by -NIKO-
very lil TA skills Altcoin 3 optimistic guess from here As of now I still have very little TA skills, and on this optimistic version of my guess/prediction from here, I just used the same few revelations I came across when I did my first ever btc chart (finding a parallel channel that fits previous price action, and then just duplicating the the parallel channel and stacking it, to get a basic blueprint of an overlay of potential resistance and support lines), combined with TA techniques from free Crypto Crew University youtube videos and an aggregate of other youtubers here and there, and I'm probably using some wrong but yea, this is my 'bullish' and optimistic guess/prediction as a first full cycle 'retail' hodler. If i'm not going on what I want to happen, my bearish feeling and guess/prediction would be, a 25%-35% sell off before or after thanksgiving, and either going back up shortly after and keep running through 2025 or worst and what it feels like, toping out around the 10th-14th of December. Feel free to tell me what will likely happen if you are an experienced TA chartist.
CRYPTOCAP:TOTAL3Long
by BigDreem192
ATOM | ALTCOINS | +77% | What does the future hold for COSMOS?I've been following Cosmos for many months, and it's recently seen a very decent increase of +77%. Unfortunately I didn't get all of it, but ATOM has increased moderately since I bought in a few weeks ago. However - comparing it to DOGE particularly, it pales in comparison. Again, like with LTC, we need to start reclaiming previous resistance zones in order to be sure that this coin has a future. Ultimately - we are in crypto for the increases😉 And many altcoins have fallen behind over the last year. Although they can (and are) still being traded, the increases are nowhere near that of other alts. ____________ BINANCE:ATOMUSDT
by CryptoCheck-
Simple Conditions for Alts to Continue Moving vs BTCVery simple chart and conditions for altcoins to gain or lose dominance vs Bitcoin in the present market: Others dominance needs to hold above ~9.15% and break and then hold above ~10.5%. Do that and it'll keep gaining dominance towards ~12-13% Lose 9.15% and fail to reclaim it a 3rd time and alts will continue losing market dominance vs Bitcoin, heading down towards ~7.5-8% I like to think there is a good chance we at least test the area above 10.5% seeing as we failed to remain below 9.15 after two attempts, the 2nd with a higher low. Failed breakdowns often tend to lead towards breakouts or at least breakout attempts (and vice versa) That said, we may still yet test 9.15 or below one more time and... if we do, we'd want to see another higher or at least a same low and then a recovery of 9.15 if lost for it to head back up towards 10.5. Some very roughly drawn possible paths are shown on the chart. Best of luck!
CRYPTOCAP:OTHERS.D
by dudebruhwhoa
ARB Swing Long Idea - Arbitrum Analysis ARB is the leading Ethereum Layer 2 chain. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I would recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential. Technical Analysis: The price took out the 2023 low and created new lows in 2024. It now appears to be building weekly bullish momentum by forming a weekly demand zone. The daily structure also looks bullish. We recently broke and closed above the bearish trendline. I expect the price to retrace into the weekly demand zone, potentially retest the trendline, and then take off toward the first and second targets. SL: 0.41 TP1: 0.83 TP2: 1.27
Long
by UA_CAPITAL
3 Crypto OGs to watch this month...Since you enjoyed my previous post about 3 altcoins to watch this weekend... Here's an interesting one about OGs: BINANCE:LINKUSDT LINK broke the structure and $15 round number. As it retests the structure, I will be looking for trend-following longs and target the $20 round number. BINANCE:DOTUSDT DOT broke the structure and $5 round number. As it retests the structure, I will be looking for trend-following longs and target the $10 round number. BINANCE:HBARUSDT HBAR broke the structure and $0.05 round number. As it retests the structure, I will be looking for trend-following longs and target the $0.15 round number. Which altcoins would you like me to cover next? All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
46
BITCOIN IS GROWING STEP BY STEP TECHNICAL ANALYSIS + TRADE PLANTechnical Analysis Ascending Triangle Formation The chart displays an ascending triangle pattern, indicating a bullish trend continuation. The price has been forming higher lows while maintaining a relatively flat upper resistance level, suggesting that buyers are gradually gaining strength. Key levels to watch: Resistance: The price is approaching the resistance at $93,143 and $100,000. Support: The ascending trendline acting as support is near $86,721. Indicators: VMC Cipher B Divergences: The indicator shows a continuation of bullish momentum with green dots suggesting buying signals. Bullish Divergence: This is a confirmation of positive momentum and suggests the current trend could continue, especially if it breaks resistance. Relative Strength Index (RSI): RSI is at 56.62, indicating that Bitcoin is neither overbought nor oversold. It suggests that there is still room for upward movement before entering overbought territory (RSI > 70). Money Flow Index (MFI): The MFI is in the green, at 56.02, showing a steady inflow of capital, which supports the bullish outlook. It is not in the overbought range, further indicating the potential for continued upside. Stochastic Oscillator: The stochastic indicator shows values of 77.28 (fast line) and 76.05 (slow line), both suggesting that the price is in the upper range. Though it's near the overbought zone, it isn't extreme enough to signal an imminent reversal. Volume The volume is increasing with each bullish move, indicating strong buying pressure and confirming that the trend is supported by market activity. Key Price Levels: Resistance Zone: $93,143 - $100,000 Support Zone: $86,721 Next Target: A breakout above the $93,143 resistance could target new highs around $100,000 or higher if the market sentiment remains bullish. Trading Plan Entry Strategy: Buy Signal: A break above the resistance level at $93,143 would be a strong buy signal, with the expectation of a continuation to the next target near $100,000. Alternatively, a retracement to the support level at $86,721 could provide a good entry for a long position if the price rebounds from this level, confirming the ascending triangle pattern. Stop Loss Strategy: Stop Loss: Place a stop-loss order below the most recent swing low, around $86,000, to protect the position in case of a breakout failure. This provides a good risk-to-reward ratio if the price does not hold above the support trendline. Profit-Taking Strategy: First Target: The first target for profit-taking should be near $93,143 (initial resistance). Second Target: A breakout beyond this resistance can target $100,000 and possibly new all-time highs (ATH). Trailing Stop: Consider implementing a trailing stop once the price moves in your favor, allowing the position to stay open while locking in profits if the market reverses. Risk Management: Position Sizing: Based on the risk tolerance, adjust the size of your trades to ensure proper risk management. For example, risking 1-2% of your total capital on a single trade is advisable. Review Market Sentiment: Always monitor broader market conditions and Bitcoin-related news for any sudden changes that may affect the trend. Conclusion The current chart signals a bullish continuation for Bitcoin, supported by the ascending triangle pattern, bullish indicators, and increasing volume. A break above $93,143 would confirm the next move towards $100,000. As always, it's important to monitor the market for any shifts and adjust your trading plan accordingly.
BINANCE:BTCUSDLong
by elfabiiani
Hey Trading Fam! ALGO at a Pivotal Moment – What’s Next?Hey trading family, let’s break this one down. Algorand (ALGO) looks ready for a potential move up to $0.26. From there, we could see a correction, but how deep could it go? Here’s what we’re watching: Scenario 1: A correction could take us back down to levels like $0.21 or even as low as $0.15 – stay sharp! Scenario 2: If $0.26 doesn’t hold as resistance, we could break higher and run all the way up to $0.42. This setup is worth watching closely. What’s your move here? Let’s trade smart and adapt to what the market gives us. Like, comment, and share your thoughts below to keep the conversation going! Got questions or your own analysis? Send me a DM – let’s connect. Mindbloome Trading // Kris Trade What You See.
KRAKEN:ALGOUSDLong
by Mindbloome-Trading