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20/05/24 Weekly outlookLast weeks high: $67701.33 Last weeks low: $64227.62 Midpoint: $60753.92 We have lift off... maybe? Bitcoin has spent the last 2 months chopping between the low $70K's and high $50K's after a strong rally. However, it looks like strength has returned at least for now in BTC after the CPI print of Wednesday last week. This volatility influx moved BTC back above the 4H 200EMA which has been the all important level in determining the Mid - Low time frame trend. Now that price is back above I think the general sentiment would be to be more risk on, especially in terms of leverage than we've seen in the last few weeks. Not necessarily saying this is an ideal entry, just I think more confidence is returning to Bitcoin. The altcoin market on the other hand with exception to a few top performers is lagging behind BTC, and that can be seen by the Bitcoin dominance at 56% currently and targeting local highs. For altcoins to begin reclaiming some of their loses we'd need BTC to get back above the '21 high of $69K. Also, we have the ETH ETF approval deadline for VanEck and ArkInvest/ 21Shares on the 23rd &24th May respectively. Coinbase believes the odds of approval are closer to 30-40% so it would be a shock if these ETF's were approved by the SEC, however, if they were to be approved this could help kickstart the altcoin market again. For this week it's about seeing if BTC can capitalise on last weeks progress and target the '21 ATH. The purple trendline needs to be respected on the way up otherwise I think we'll retest the MIDPOINT or even the 0.25 area.
by ProR35
BNB Bullish Pennant - Target: $880Bullish pennant on BINANCE:BNBUSDT Not Financial Advice Fib retracements are drawn between the ATH and the 2022 low. Some levels are still very well respected. (The pennant's low, matches exactly 0.618 fib) We are very close to the pennant's convergence, so a breakout should be imminent. Watch for a breakout of the resistance trendline (solid orange), as the target for a breakout would be a new ATH at around $880. Expect some resistance in the $690 area, as that was the previous ATH.
Long
by AliferCrypto
NQ Power Range Report with FIB Ext - 5/16/2024 SessionCME_MINI:NQM2024 - PR High: 18657.00 - PR Low: 18640.00 - NZ Spread: 38.0 No significant economic calendar events Pushed ATH to ~18760 - Faded back inside Wed range - Inventory response of prev session low, slight session break gap up - Relatively low volume to start the session Evening Stats (As of 1:45 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 240.60 - Volume: 19K - Open Int: 245K - Trend Grade: Bull - From BA ATH: -0.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 19246 - Mid: 18106 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Long
by mv3trader5
13/05/24 Weekly outlookAre you getting bored yet? Another week of chop has elapsed, and in short there is not much else to say on the surface. BTC took out it's previous weeks high and then retraced roughly half of the progress made, filling the FVG left behind by the local move up and creating our range low for this week. As it so often does, the range perfectly shows the levels of which price action moves throughout the week. We had $1.1B worth of options expire on May 10th last week which gave BTC it's volatility on Friday creating the weeks low and creating an FVG. I believe it makers sense for price to work towards filling that FVG and retesting the MIDPOINT resistance. If price rejects then next stop is range low, if price accepts higher then range high is the target, simple as that on LTF. In terms of the broader market, the ETF battle is still being won by the bearish GBTC Greyscale as their continued outflow of BTC with a outflow of $43M vs the net inflow of the 11 other US BTC spot ETFs totalling $32M . Resulting in a net outflow pf $11M The altcoin market continues to weaken as BTC continues to chop, risk off on leverage continues until BTC can confidently regain the 4H 200EMA , until then spot and hold .
by ProR35
Render (RNDR) & NVIDIA AI Conference With the rise of Artificial Intelligence , many projects are looking to capitalise on the massive potential that AI promises. One of those projects is RENDER , the first decentralized GPU rendering platform launched in 2017, the Render network is built to provide a platform for a wide array of computation tasks - from basic rendering to artificial intelligence - which are facilitated swiftly and efficiently in a blockchain-based peer-to-peer network, free from error or delay, while ensuring secure property rights. Nvidia is a Tech company that focuses on production of high end graphics cards and is a world leader in Artificial Intelligence computing with a Market cap of 2.25 Trillion Dollars. Nvidia are holding an AI conference 17-21 March, one of those talks is a talk on "production rendering on GPU" on the 20th March. I would predict that Render could get a mention as the RNDR network is integrated into Nvidia Omniverse, the VP of Nvidia Omniverse is also an advisor to RNDR, so could we see any further ties between the two companies? If so I think this would propel an already well performing coin that has recently entered into price discovery. Fib targets after the breakout are shown o the chart and these are the areas to be interested in. I am not ruling out a retest of the break above the previous ATH however with the momentum that we are seeing I think this retest could come a much later stage. With RNDR's MCap of $3.6B there is no reason why this project shouldn't break into the top 10 at some point this cycle, currently this would mean a 4.85x to displace SHIB at 10th place double that again if you compare to SHIB ATH MCap. This project is just getting started. All eyes on the Conference, I could see this potentially being a sell the news event as these things often are, however that would just open up a buying opportunity for DCA or long term holding.
R
by ProR35
3
DELYSIUM (AGI)One of my favourite altcoins for a number of reasons is DELYSIUM. An AI-powered open world framework project, the first web3 operating system that has seen incredible gains in the last year, up 467% YTD. The AI narrative is a very strong one, perhaps the most likely to succeed in this Bullrun and so choosing the right projects to back over the next 12-18 months is so important. Since the start of the year AGI has rapidly climbed to new heights, with a previous ATH of $0.45 Delysium moved into price discovery before losing momentum and falling back under. A big reason for this is not only because the rally ran out of steam but because BTC made a similar move, and once BTC pulls back the rest of the market is usually subject to the same move, however altcoins usually hold value much worse than BTC. The chart shows price has retraced back to the origin point of the last leg of the rally, the Bullish OB+ area and reacted well off this zone. After this strong reaction price meets the trendline resistance and fails to break it after 4 attempts. Another pullback into the Bullish OB+ give AGI another chance to escape the bearish trendline which it does and begins to make new Higher highs and Higher lows, a bullish trend has begun on the LTF. The last thing AGI now needs is to break market structure to confirm a new bullish trend which it does by sweeping the supply zone on the nearest local high. Using the Fibonacci zones we can find the best place for entry between the 0.62 & 0.79 areas of the pullback just after a "change of character" (CHoCH). With strong fundamentals as well as bullish technical analysis it is clear that AGI is a great project to consider. With a strong probability trade like this and Take Profit (TP) targets as price continues its rally. Obviously as with all Altcoins they are subject to BTC price movements, this trade idea will really be determined by BTC regaining the 4h 200ema. If Bitcoin can do that we'll have more confidence and confluence in the trade idea, if BTC continues it's LTF downtrend then the trade idea could be postponed and look for a better entry. The Stop Loss (SL) will be the invalidation area.
by ProR35
USDJPY - Still Bullish Long-term 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), USDJPY rejected the $160 resistance and traded lower. What's next? 📈 USDJPY is still overall bullish , trading inside the rising channel in red. At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a previous major high marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green zone and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDJPY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
5
06/04/24 Weekly outlookLast weeks high: $64,741.58 Last weeks low: $56,573.01 Midpoint: $60,657.29 As April comes to a close, BTC post it's first red candle on the monthly for the first time since August of last year, that's exactly 7 months of green candles until now. From a TA standpoint it comes as no surprise, BTC hit and surpassed the previous ATH, it was clear we would meet resistance at this level as is often the case whenever a coin reaches it's previous ATH. Now that the monthly close back under the 69K level that confirms a Swing Fail Pattern (SFP) which is HTF bearish, the first bearish confirmation we've seen on the HTF for quite some time, the first signs of exhaustion in the rally. We are now in the "post halving" section of the Bullrun which we know has huge bullish potential, however in the short term Bitcoin is looking more bearish than it has done this year. Altcoins have already taken a huge hit, probably worse off than was expected if BTC pulled back and a lot of alts are in oversold territory . For any strength to return to the altcoin market BTC needs to return to strength and for that to happen all eyes are on the ETF inflows/outflows. For this week I would be surprised if we saw anything other than further chop. The 4H 200EMA is still resisitance for now, a reclaim and acceptance above that level would be a bullish signal for continuation higher, until then building long term SPOT positions/DCA'ing on alts may be a good idea as prices are down 15-25% from their local highs. Leverage trading would require being very nimble to dip in and out of trading both sides.
by ProR35
29/04/24 Weekly outlookLast weeks high: $67244.99 Last weeks low: $62406.59 Midpoint: $64825.79 As Bitcoin continues it's multi-week sideways chop , there really isn't a great deal to talk about in terms of price action other than it's extremely boring and potentially dangerous. I say dangerous because it's this kind of chop that separates the impatient and the patient. Trading price action like this especially using leverage is bound to end poorly as both long and short sides get caught up in a serious of stop hunts. The only trades that could be made are the extremes of the range that are set. There is some hope however, the HONG KONG ETF's for BTC &ETH go live from tomorrow (30th April) . This could bring in-flows that have been missing in recent weeks as BlackRock and co. have dramatically lowered their in-flows and Greyscale continues to dump. Perhaps this new demand can absorb some of the Greyscale outflows? Or maybe it will be a non-event? We will keep a close eye on this throughout the week. There are also rumours that Australia will join the ETF movement too in the future. The general Altcoin market is currently in a very oversold condition , having said that the relief bounce does not look to be in sight anytime soon, no point trying to catch a falling knife, if anything focus on DCA'ing (Dollar cost averaging) into strong projects but with a long term outlook. Narratives such as RWA, AI, DePIN etc. In the short term all eyes are on last weeks low and if it can be reclaimed, if not 58K area is on the cards.
by ProR35
AKRO At Least 1500% Move Is On The Table! New ATH Is ComingAKRO Has One Of The Most Clear And Perfect Charts Among The Market. In Classic View, It Formed So Sweet Patterns And All Of Them Did Exactly Well, Now We're Going To Look At It's Chart From Super-Big Picture And Find The Very Ultimate Pattern . Let's Go. 1- The First And The Most Important Thing Is The Monthly Change of Character ( CHoCH ) That Happened In Aug 2023 In Form Of a Powerful Big-Ass Candle. Monthly Chart Is One Of The Most Important Time-Frames Among The Others, Isn't It? As You Can See On The Chart Below, It Broke The Last High Caused the Bottom, So We Identify It As The CHoCH. From That Date, We Were Looking For The Best Entry Opportunity Until Now, Maybe The Best Time To Enter. Because The Break-Of-Structure (BOS) Is Going To happen In Coming Weeks. Price Reached The Monthly Support Zone Which Formed As a Red Hammer Candle. Do You See It? The First Step Was Detecting The Support Zone, The Second Step Is To recognize Reversal Elements Forming On That Support. So Let's Dive Into It! 2- There Is No Reversal Pattern Seen On The support Yet But : Very Strong RSI Bullish Divergence Seen On The Daily Chart Exactly On Monthly Support That I Mentioned Before. Price Is Making Lower Lows While RSI Is Making Higher Lows On Daily. The First Sign ... 3- Trend-Line Just Broke On weekly To Gather Liquidity, So a Heavy Come-Back To The Upside Is coming, Which Will Lead To Shatter All Of The highs And Perhaps Reach a New All-Time-High. There Are Two Weekly FVGs That Should Get Filled In The Future Highlighted On The chart. Take It So Serious ... 4- There Was a Head And Shoulders Pattern, Done In The Weekly, The PullBack Phase Almost done On The Weekly! Are You Ready To Rebound? 5- Now, Take More Distance From The Screen, Watch The Chart From Bigger Picture. The Ultimate Pattern That Akro Is Making On The Monthly chart, Is a Huge Cup And Handle. After Breaking The Top Side Of The Handle, It Will Throw Into The Sky, Probably In Search Of a New All-Time-High ... 6- Just See The Other Side Of The Box! Price Action Is Making a Three-Drive Pattern In Weekly Towards Major Liquidity Pool. The Only Concern ... But Don't Be Worry, After That We Can See Jump In Price In form Of a QM Pattern. Follow, Like, Share And Comment Below If You Enjoyed This Idea. See You On Top!
Long
by Trading-Mechanics
2
NEAR shenanigans not likely to change the outcome - ATH in sightI love TA on crypto! Check out the shenanigans on NEAR price action as BTC tracks sideways as part of a presumably minor hick-up... First we had a triangle and what looked like a breakout (first chart below). I posted on this, expecting NEAR to take off (see link). But as BTC pulled back a little this turned out to be a fake-out and price fell rapidly (second chart below). However the fake-out allowed a channel to be charted to provide support for a reasonable (limited downside) exit strategy (third chart below). The price of NEAR behaved by recognising the bottom of the channel so there was no need to bail out (fourth chart below). And viola! - we're back at the top! Expect a small pullback here (noting I'm expecting BTC to correct a bit more), but this chart screams for a breakout to the upside and then an ATH is well and truly probable.
BINANCE:NEARUSDLong
by Fractaleer
2
22/04/24 Weekly outlookLast weeks high: $66857.53 Last weeks low: $63230.46 Midpoint: $59603.38 The 4th Bitcoin Halving is now complete , the block reward has been cut from 6.25BTC to 3.125BTC . The reduction in reward creates a supply shock that changes the the tokenomics drastically. We now have a situation were miners revenue effectively halves overnight , despite this miners would have had ample time to plan for this as the halving is every 4 years consistently and would have been able to plan accordingly. Last week we saw Bitcoins price drop back to sub 60k after losing the 4H 200EMA support level . After a double bottom price rose back towards the underside of the 4H 200EMA and now retesting as resistance. This week will be key for the direction of BTC in the short term. We know post-halving we see new highs within a year, often very quickly after the event, but the short term price direction is very difficult to predict at this time. Institutional buyers are here, we have big players like BlackRock and MicroStrategy buying up large amounts of BTC to hold long term, the Hong Kong ETF begins on 30th April and could potentially bring Billions of dollars in additional in-flows. Grayscale has been the lead seller in the last few months as they sell large amounts of their GBTC, currently $16.4B in total . A large reason for the sell off is the high fees on Grayscales ETF compared to the newer low fee options presented by BlackRock, WisdomTree, Valkyrie etf all at 0.25%. Grayscale have now tackled this problem by creating a "Mini-GBTC" with 0.15% fees making it the lowest on the market . It will be interesting to see if this stops the consistent outflows. If it does and yet more demand enters the market in Asia coupled with a stunted supply of new Bitcoins we are looking at a good environment for price growth. This week I will be keeping a close eye on how BTC reacts around the 4H 200EMA, If we hover at this area with now real emphasis on direction then this is a traders environment where money can be made both ways before resuming the overall HTF uptrend. Alts took a huge hit last week and have given some good entry opportunities, naturally a strong BTC is needed to see progress in the alt market, with a strong reclaim of the 4H 200EMA alts can return to being risk on with a tight stop loss in my opinion.
by ProR35
SP500 Forecast: Navigating Bearish Trends Towards New All-Time HThe S&P 500 is bearish and heading towards the price zone of 4499.50 and 4430.50 before rising to create a new all-time high." Cela semble indiquer que vous prévoyez une baisse temporaire du S&P 500 vers les niveaux de prix mentionnés, avant qu'il ne reprenne sa tendance haussière et crée de nouveaux sommets historiques. User traduit moi ça en anglais ChatGPT "The S&P 500 is bearish and heading towards the price zone of 4499.50 and 4430.50 before rising to create a new all-time high.
CME_MINI:ES1!Short
by RabyaAQEL
1
MACRO BTCUSD - The Wonder Years Looking at Timeframes of Prev Market Cycles we seem to following the old adage "Fred Savage" , You may have thought I was going to say something about History Repeating itself based on the almost mirror image of Market Cycles, but When I said "Savage" , I'm starting to hear the screams and see the carnage. I've been trying to figure out why upon that weekly closing bullish candle we are unable to set a higher high, which is still in play, however, I like to really Zoom out and approach the market as a whole. I'm currently scratching my head and starting to wonder if we've already been to the top of the Mountain. Only a thought, an open thought, Without conclusions. Let me know what you think in the comments INDEX:BTCUSD BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by dasBoot
08/04/24 Weekly outlookLast weeks high: $71365.43 Last weeks low: $67932.12 Midpoint: $64498.81 Trading can be a very complex and difficult profession to be profitable, however it can often be made more simple. The 4H 200EMA can be used to indicate the direction of the market, for 2 months now BTC has reliably been bouncing off the 4H 200EMA making it great support and an ideal position to enter a LONG position. Last week we saw BTC fall as the monthly candle closed which ended the first quarter of the year. Then after reacting positively off the key moving average priced rallied back towards the '21 ATH level of 69K which is HTF support and got back above it. In addition to reclaiming a key level, funding has cooled off and looks much healthier, the halving is less than two weeks away , Greyscale continue to sell but they are slowing down. All signs are bullish for this week and the first few hours of trading have shown it as we blast towards 73K. For this week I am going to continue to build on positions made last week during the dip while keeping and eye on BTC targeting ATH, I believe the conditions are now right to make a run for new highs. BRC20 tokens could be worth keeping an eye on as BTC looks strong as well as RWA's.
by ProR35
A new price structure on BTCUSD.The monthly candle has created a new price structure above the previous ath drawn in 2021. These structures are very important and are calculated on the closures, in this case monthly, even if one had also made one on the weekly towards the beginning of the month of March, was not as homogeneous as this one drawn the day before yesterday, because it was not present in some charts of other exchanges. These structures are very important, they can be used as support and resistance levels and outline trends. The latter are nothing more than a series of price structures either upward or downward, in this case upward, given that for the first time the monthly closes above 70k usd. A very strong and very useful signal, we have a very reliable level that can be used as resistance for the next movements. It should be noted that the trendline and the new bullish structure occurred at the same time, they are zones and not precise points, the first test of the previous historical high is concluded, once this short-term correction is over, we could see another test and establish whether the price has still have the strength to continue at least for the intermediate period.
BITFINEX:BTCUSD
by Melupira89