ATH
02/12/24 Weekly outlookLast weeks high: $98,894.77
Last weeks low: $90,786.17
Midpoint: 94,840.47
Last week was all about altcoins as Bitcoin takes a backseat after a the "Trump pump" rally. Consolidating just under the $100K big even level has seen rotation into Ethereum finally and more surprisingly dino-coins such as XRP, LTC and more.
XRP has rallied to ATH (+300%) in less that 1 month, the news that Gary Gensler will be stepping down and with that the SEC's tirade on Ripple. The momentum and talk of the space is with XRP for now as it overtakes the Mcap of Tether to go 3rd! This comes at a time where typically BTC profits rotate into ETH and yet a lot of the capital has gone into XRP instead and so Ethereum is still way behind, BTC, SOL, XRP are all at ATH.
With the new month beginning we typically see a shaky start to the month, especially after such a strong close. The fear and greed index for BTC is @ 80, that's down from 94 in the week previous (mid November). The drop off is also evident in the BTC.D dropping 3% as alts move up.
This week I'm focused on where we are in the cycle, many alts are climbing and of course the $100K event for BTC. I believe we are not anywhere near the cycle top, any on-chain indicator would support that but that does not necessarily mean we aren't close to a local top. A strong bearish divergence has emerged on the weekly and that is cause for concern, overbought RSI high fear and greed and euphoric sentiment on the TL. Any new longs are extremely risky for now (LTF not HTF) without any fresh bullish news events. Price currently at midpoint, hard to tell how deep the monthly open sell-off will be, a quick wick with fast recovery will be bullish but a slow bleed would be more worrisome.
ATH For Ethereum...Due to the strong failure of suffering for 3 months!
In the first step, we encountered Fibonacci number 2, we had a little correction, and with its failure and the failure of number 3 and its strong upward movement, we can expect to reach the specified range or even hit the historical ceiling.
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Is It Possible to Know Where XRP Is Headed?
On the 3D, XRP is getting closer and closer to the top. Two out of three oscillators are in overbought conditions, and the OBV is forming a flag of distribution. Volume bars are dropping, creating a bearish divergence.
With XRP now at a $100 billion market cap, I’m not here to hate on this run; I just expect that when traders start taking profits, maybe some of those profits will flow into other altcoins. If it goes up again after the top, maybe I’ll get in.
Have a great Friday night, friends!
$BTC 1D looking good boys! Possible Head?I’m not sure but if it is a head for the second shoulder instead and this is the half way point in this last end of the Bull Run maybe months left but it’s coming to the MAIN part then it will slow up and go sideways if not down A LOT.
Just be prepared for it and know a plan or strategy to get out with profit even to a stable coin or flipping coins that profit at different times and flip them when one coin pumps the other dumps and vice versus some ppl have done this virally and got Insta famous and rich.
Don’t not experiment here. Buy something you wouldn’t think you would but be sure it’s a good bag first due diligence is always needed.
This chart and my talk IS NOT FINACIAL ADVICE AS I AM NOT ONE .
SWING IDEA - APTUS VALUE HOUSING Aptus Value Housing Finance , a leading home loan provider focusing on affordable housing, is showing promising signs for a swing trading opportunity.
Reasons are listed below :
370-390 Zone Breakout : This level has been tested multiple times, and the stock is now attempting to break out, indicating potential for further upward movement.
Breaking Consolidation Zone of 3+ Years : The price is emerging from a prolonged consolidation phase, which could lead to a new bullish trend.
Higher Highs and Higher Lows : The trend remains intact with consistent upward movements, suggesting continued strength.
Trading Above Weekly 50 and 100 EMA : The stock is trading above these key moving averages, reinforcing the bullish outlook.
New All-Time High : The stock has made a new all-time high, reflecting strong market sentiment.
Volume Spike : A noticeable increase in trading volume indicates increased buying interest.
Target - 450 // 510
Stoploss - weekly close below 335
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@visionary.growth.insights
BITCOIN | MACRO OUTLOOK | Top is IN | ALTCOINS SHINEI've been risking my opinion for the better part of a year, saying that the ATH is stilllll coming. Now, it's time for me to choose my trades again; and I'm choosing to take my profits here.
Here's a replay of an entire year's worth of BTC updates, incase you want to verify😉:
The next thing I'm looking at is the continuation of Altseason , because the TOTAL3 chart peaks AFTER the BTC high. I touched a little bit on this mechanic here; but I think I'll do another update on that in coming days.
After alts top-out, for BTC bounce zones I'll consider the moving averages, Elliot wave corrective theory, and previous resistance zones as new bounce zones. But this is near term, not short term.
Stay tuned!! Cheers to the believers 🥂
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COINBASE:BTCUSD
$LINK Breakout Imminent! $150 Easy!CHAINLINK IS A SLEEPING GIANT 🦣
It has been going through a 938 Day accumulation phase, and pushing for a breakout ~$25.
While we’ve been seeing other 2017 dino-coins reach their previous ATH, CRYPTOCAP:LINK is still 200% away from its own.
LINK will easily hit $125 - $150 this cycle, which will put its market cap ~$80-95 Billion.
That’s the current size of the CRYPTOCAP:XRP market cap, and we all know Ripple is a vaporware company whose main revenue stream is dumping tokens onto the open market.
Chainlink on the other hand is imperative for the functionality of web3 dApps as its oracles provide smart contracts on blockchains with access to real-world data.
This is why the largest global financial messaging platform, SWIFT, has incorporated Chainlink’s CCIP into their systems.
Easy 8x from here.
Biggest no-brainer Risk / Reward trade left on the market 💯
CYCLE 4 | SMA Golden Ratio [UPDATE]For those following along with this indicator, the current price action volatility has accelerated price to some interesting historic points.
As discussed in prior post above, historically BTC has followed a trend of dropping to the lower SMA extension coloured line with each cycle with interesting multiple hits in establishing our 2021 technical cycle top.
We have already tagged the gold line and currently approaching the 'Gray Line' which put in our prior cycles ATH.
Will be interesting to see how BTC (buyers / sellers) handles this price level and the information this may provide on how useful this indicator may be this cycle....
SEI FOLLOWING SUI??SUI has been on a great run in the last few months being a first mover in the altcoin space while BTC has been chopping for 6 months, now SUI is on the very edge of pushing above above the local high.
The chart on the right is SEI and looks like the chart lines up perfectly just lagging behind by a month. This could be a great trade opportunity going into the end of the year/Q4. If the trajectory is the same as SUI we could look to expect a +218% move, and structurally even without a comparison to SUI the chart TA suggests a new higher high and higher low bullish structure which will naturally want to climb back up the chart.
Bitcoin generally has a big part to play in the altcoin world, however SUI has made this rally on its own without the pulling power of BTC, could SEI do the same???
BERT/USDT 1H Memecoin play with some strong numbers and community:
- FWB:69M MarketCap
- $42.5m 24h volume (61% Vol/Mcap)
- 100% of max supply (980M) in circulation. (Self-reported)
- Solana chain
Currently not yet listed on Binance or Coinbase but there are rumours that it may be listed soon which would bring a lot more potential buyers to the coin.
For memcoins technical analysis is less important but can still tell a story. The current range shows a clear resistance at 0.75 and a support at 0.25.
The diagonal resistance breakout coupled with the bullish divergence already printed indicating a bullish reversal the TA looks good currently.
Memes are risky and unpredictable so DYOR
BTC\USD - 2025 ATHV prodolzhenie prognoza po obnovleniyu ATH v 2024 godu
Kak vidno, vopreki vsem hejteram bitkoina shortivshim ego osen'yu 2023, a takzhe rasskazyvayushchih skazki o tom, chto posle 48000 ego obnulyat, eto ego poslednij cikl - bitkoin udivil dazhe menya)))
Delo v tom, chto on obognal moj prognoz na polgoda, chto dlya menya bylo absolyutnoj neozhidannost'yu)
Celi dostignuty i my mozhem prodolzhat' dal'she)
Kasaemo ATH2025
Ot ATH2021 Primerno 1430 dnej dlya pikovogo znacheniya v 2025 godu
Tri diapazona ceny:
1 - (oranzhevyj, negativnyj) - 90-120k
2 - (zheltyj, nejtral'nyj) - 120-140k
3 - (zelenyj, pozitivnyj) - 140-150k
Dopuskayu chto bitkoin vnov' mozhet vsekh nas udivit' (a eto on umeet = burnyj rost osen'yu 2023 vopreki ozhidaniyam + rost k ATH vesnoj 2024 ran`she prognoza) i pokazat' znachenie vyshe 150-200k. Odnako veroyatnost' takogo sobytiya ya ocenivayu takzhe, kak i prognoz nizhe 90k (v dannom sluchae ya oshibus' i moj prognoz vovse ne srabotaet).
Sam zhe ya sklonyayus' k diapazonu 120-140k.
Takzhe dopuskayu veroyatnost' otkloneniya po vremeni +\- 1 mesyac
CYCLE 4 | Realised Price Oscillator & OverlayThis post is intended as an interactive companion post with a 'to follow' detail post for historic analysis.
I want to explore the relationship with BTC and Realised Price, and historically where we have seen cycle over bought and sold regions based on extensions from calculated realised price values.
What is Realized Price?
Source: www.bitcoinmagazinepro.com
"Bitcoin Realized Price is the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation. This gives us the ‘average cost basis’ at which all bitcoins were purchased, which is another way of describing Realized Price."
The above relationships have been incorporated into the Overlay and Oscillator indicators developed for this post to use into DCA accumulation and sell strategies.
I will follow this post with a zoomed version for detailed discussion.
CYCLE 4 | TA - First Log Measured Move HitQuick Update: Cycle 4 BTC price action has hit our first measured move (log scale) which coincides with the 1.272 Fib Extension using the prior cycles technical top and cycle bottom.
This was our first point of interest as BTC approaches our Early Sell Zone region....
BTC | SHORT TERM | ATH OutlookBitcoin is in the process of making new ATH's and this process is called "price discovery mode".
This basically means that we have no indication of possible resistance or support zones. However, there is one method I like to use for price discovery mode - Fibonacci.
This could hold some key information as to where the price of BTC may possible see some rejection, and where it could bounce from.
If you're keen to see the journey, I made an update on my ENTIRE BTC prediction-roadmap. Find it here:
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BINANCE:BTCUSDT
The Power of HODLINGMANTRA ( NASDAQ:OM ) has been making waves in the crypto market, not just for its price surge but for the incredible profit booked by a savvy trader. This feat has drawn the attention of investors worldwide. A reported $6 million profit from trading NASDAQ:OM has sparked interest and speculation about the coin's future, as well as its potential to deliver significant returns. Let's explore both the technical and fundamental aspects driving this market activity.
The Million-Dollar Trade
A crypto trader, identified by the wallet address "0xdc2," achieved a staggering return on investment (ROI) of 161X within approximately 10 months. The trader bought OM tokens at an average price of $0.026 and recently sold 600,000 tokens on Binance for a profit of $2.49 million, highlighting their total profit of $6.28 million.
This trade underscores the potential of holding onto a coin for strategic periods and taking advantage of market conditions. However, it also raises concerns about sell pressure in the wake of significant dumps.
Market Confidence Despite Sell-Off
Despite the dump, NASDAQ:OM maintained upward momentum, reflecting strong market confidence. A 26.58% price increase over 24 hours saw the token trading at $4.15, with trading volume surging 33% to $771.50 million.
Altcoin Market Sentiment
The overall positive sentiment in the altcoin market, with the crypto market cap breaching the $3 trillion mark, has helped bolster NASDAQ:OM 's price.
Futures Open Interest Growth
MANTRA Futures Open Interest surged by 53%, indicating increased investor activity and hinting at further potential price gains. This is a critical indicator of the token's growing appeal among traders.
Technical Analysis
NASDAQ:OM reached a 24-hour high of $4.47 before slightly retracing to $4.15, marking a consolidation phase after its sharp rise. The Relative Strength Index (RSI) stands at 90, indicating overbought conditions. While this suggests the potential for a short-term correction, it also reflects heightened buying pressure.
The large-scale token dump may trigger sell-offs by smaller investors, potentially leading to a short-term dip. However, the broader market sentiment and rising Futures Open Interest could mitigate this impact.
A Lesson for Traders
The $6M profit story serves as both inspiration and caution for traders. Strategic holding and avoiding FOMO (Fear of Missing Out) can lead to substantial returns. It reflects on a missed opportunity, when i sold sold a memecoin at a $3M market cap, only to watch it climb to $300M later.
This highlights the importance of conducting thorough research and believing in your investments while being mindful of market conditions.
Conclusion
MANTRA ( NASDAQ:OM ) continues to capture the attention of traders and investors alike with its significant price movements and market activity. The coin's ability to hold steady after a massive sell-off and its impressive Futures Open Interest growth hint at its strong potential in the crypto space.
While short-term fluctuations are expected, NASDAQ:OM 's broader market confidence and fundamentals position it as an asset worth watching. For savvy traders, the mantra is clear: patience, research, and timing are key to unlocking the full potential of crypto investments.
18/11/24 Weekly outlookLast weeks high: $93,269.62
Last weeks low: $86,738.62
Midpoint: $80,207.62
The "Trump pump" continued last week as BTC hit a massive $93k, another new ATH. Later in the week some of that progress did retrace mainly due to news events such as CPR & PPI data as well as profit taking/ de-risking.
This week should be an interesting one as we see an early surge after weekly close putting BTC back at $92,000. As president-elect Trump announces his picks for roles in his new administration, the rumour is that Howard Lutnick may become Treasury secretary after backing from Elon Musk and RFK Jr, Lutnick would be a very pro crypto choice which has great potential for the space, with a new SEC chairman after the firing of Gary Gensler and the potential Bitcoin strategic reserve. Things are looking bullish bullish bullish!
With BTC.D now at 60%, this would indicate although BTC hit new ATH altcoins are outpacing the market leader in growth. Memes are taking centre stage this Bullrun even though historically that stage of the cycle tends to be towards the end. Every other metric suggests this Bullrun is far from over so it's definitely something to take into consideration.
This week I would like to see some breakout continuation patterns on fundamentally strong altcoins, as well as bitcoin, I do believe it is dips are for buying season going into the end of the year. A dip could be triggered by a loss of the diagonal support & 0.75 line shown on the chart which would provide a better entry/DCA opportunity after a leverage flush.
NVIDA what next..!The chart displays NVIDIA (NVDA) stock on a daily interval with several indicators and clear support and resistance levels. Here is a detailed technical analysis:
1. Support and Resistance Levels:
Nearest Resistance Level: $150 (above the closing price).
Key Support Levels:
$140.75 (immediate support level).
$130.62 (secondary support level).
$127.21 (critical support level for the medium term).
2. Ascending Channel:
The chart shows movement within a clear ascending channel, with the stock nearing the lower boundary of the channel.
A drop below the lower support line of the channel (around $140) could indicate a trend reversal.
3. Indicators:
Moving Averages:
The 50-period moving average (green) is above the closing price, supporting the continuation of the uptrend.
The 150-period moving average (dark green) is far below the current price, indicating strong long-term support.
CCI (14):
The current value is -2.96, indicating a nearly neutral state but slightly leaning bearish.
Volume:
Higher-than-average volume on the last day suggests significant selling pressure.
4. Candlestick Analysis:
The last candlestick is a large red bearish candle, reflecting a strong daily bearish sentiment.
The candlestick formation shows bearish pressure but is close to a significant support level.
5. Risk Assessment:
The risk level is moderate since the stock is near a clear support level but experiencing strong selling pressure.
Position Recommendation:
Entry: Around $140.75 (near the immediate support level).
Stop-Loss: Below $138 (approximately 2% below the entry point).
Profit Target: $147 (around a 5% increase from the entry point).
Summary:
The stock's trend over the past two weeks is bullish, but the last day indicates a potential correction.
It is recommended to monitor the price reaction near the $140.75 level and evaluate the strength of the support.
Disclaimer:
This analysis is for educational purposes only and does not constitute a recommendation to buy or sell any financial instrument. Please conduct your own research or consult with a financial advisor before making any investment decisions.