ETH/USD | Over a Long Time a Great Technical SetupHi,
Still having in mind - buy the dip. Maybe the low has already formed but I would be interested inside the shown box.
The dip consists of quite a few criteria:
1. Equal waves
2. Channel Projection
3. Mid-round nr. $2500
4. The trendline
5. Daily 200 EMA
6. Strong horizontal price level
Good luck,
Vaido
Bitcoin-btcusd
ETHEREUM - Missed The Bull Run? Think Again...In our previous analysis, we were bullish from the 1500 area. We pushed up a massive +160%.
As explained in our previous setup, we are in a large correction and expecting one more move lower to complete the wave 4 correction. We appear to have started this final move down and will be looking for confirmation on the break of the red trendline.
There's a small chance that we may move a little higher before breaking down so do keep an eye out for that.
Please note that for the longer term we are bullish but we are looking for any buying opportunities.
Goodluck and as always, trade safe!
See our previous setup below which played out perfectly!
ETHEREUM - Higher Timeframe Overview ✅Ethereum appears to be in a large correction. We are currently in the midsection of the correction, where we have a channel containing a WXY corrective price action.
We are looking for one more move higher to complete wave X.
See our next post for the lower timeframe analysis.
Goodluck and as always, trade safe!
BTC on 3h chart🔻Hello, dear friends! 😊Let's quickly take a look at the 3-hour Bitcoin chart.👀
We see a sharp decline in price, I have updated the boundaries of the triangle, and now it looks like we are moving towards the level of 64,000.💥
If we hold this level, there is a chance to stay afloat, but if the drop is more serious, the scenario I mentioned earlier may occur.👇
What do You think? How deep can Bitcoin fall? Will there be a deep correction? Write Your thoughts in the comments!
Thanks for Your attention
Sincerely Yours, Kateryna💙💛
BITCOIN : Big Chart - Big Levels 💹Hi everyone,
today's breakout matters:
I have been Long for a good reason and yes the price will have the ups and downs but we always stick to the plan (chart) and patience wins.
Destinations / Targets:
29k is the first valid technical resistance
31k is the level we need to break this time (it will happen)
42-44k eventually this year ( Ihad said summer but maybe sep-oct)
Nothing has changed since this post:
or this post:
we knew the perfect time to buy big when SEC and FEDs (our best friends) showed us the way:
One Love,
The FXPROFESSOR
BTCUSD: 1D MA50 broken after 2 months. Selling isn't over.Bitcoin may be neutral on its 1D technical outlook (RSI = 46.271, MACD = 810.300, ADX = 25.259) but it just broke under the 1D MA50 for the first time in more than 2 months (February 6th last contact). In the meantime, it crossed under the HL trendline of the Ascending Triangle, so we have a full-scale technical bearish breakout. The RSI pattern looks very much like the January 12th 1D MA50 bearish breakout.
If Bitcoin closes the 1D candle under it, we will wait for the bottom to be formed on the S1 level, always above the 1D MA100 (which supported on the January 23rd low) and buy (should be a around a week after the Halving) targeting a little over the 2.618 Fibonacci extension (TP = 100,000). That was where the March 14th top was priced.
See how our prior idea has worked out:
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Heading towards the All-time HighBitcoin (BTC/USD) is rising towards the pivot which has been identified as the all-time high. Could price stall around this level before potentially reversing to drop lower towards the 1st support?
Pivot: 73,304.38
1st Support: 67,959.86
1st Resistance: 77,450.21
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Bitcoin- Still asking for 80kAfter breaking above the symmetrical triangle on Monday, BITSTAMP:BTCUSD dipped once more, just to reverse again strongly yesterday above the critical 70k, leaving a nice Piercing Pattern on our daily chart.
71-71.5k still holds the key for further growth and when (or if) bulls clear that zone the road is clear for new ATH with a focus on 80k figure.
Bitcoin (BTC) likely to selloff shortly after the 4/20 halving.Bitcoin has been on an absolute tear for the past few months, and its run from 27K to 70K+ was one with no major corrections, which is something to be cautious of. If you study the charts, you'll see that BTC generally sells off for a period after the halving (buy the rumor, sell the news) at its finest. I think we are going to see a sell-off shortly after the halving that's going to liquidate many traders who joined the party a little too late and will be major profit-taking for those who got in early, using the euphoric buying as exit liquidity.
Be cautious!
Good luck, and always use a stop-loss!
Bitcoin wave analysis 2023 - 20242023: sideway in range $16k - $30k to form A-B of B of 2
2024: go up at least $48.5k to form C of B of 2
Wave analysis details:
Bitcoin has started sub-wave orange A of white A of yellow B of 2
Since sub-wave yellow A of 2 has 3 swings (A-B-C), so wave 2 is flat correction which sub-wave yellow B has to go above 61.8% of A (around $48.5k)
Bitcoin Bullish Parallel Channel - Bearish in the short termBitcoin has lately experienced a “winding down” of the bullish vibes in the market, so it makes me think it’s the type of feeling you get right before a big move. Because of how the indicators are positioned, and how bullish and cautionless the market currently is, I expect it to dump to new lows.
As shown in the chart, we're in a bullish parallel channel, and I expect BTC to dump to the 57k support level, and then retest the ATH at 73k. It also shows two tops, so it can be argued that the current state of the market lies in a double top pattern.
Additionally, it seems there is a bear flag pattern formed in which the price currently lies in.
Timeline for the dump and the upcoming bottom is about two weeks.
Also, not shown in the chart, but Weekly RSI is in an extremely overbought position, which is extremely bearish when looking at the big picture.
Candle
I expect the retracement to start within the next 48h.
Bitcoin on 1h chart by RB🚀Hello, dear friends! 😍The halving is approaching, and anything could happen in the market, that no one can predict. 🔴Don't enter trades with large capital!! ❌It's better not to trade at all, than to be caught off guard by a huge fake candle!👎
Remember that the market could experience a significant drop before the halving or unexpectedly skyrocket to the heavens. 💥At the moment, it's evident that the breakout from the triangle was fake.
⭐Most likely, we will test the lower boundary of the triangle, and the price could reach 67,000 or even lower.📌
In any case, these are just my assumptions, and You should only enter trades, that You are confident in, and now is definitely not that time!⚠
Stay tuned, and I'll try to provide timely updates on the situation ✉
I want to remind You a few of my previous charts, that still have the potential to play out: Take them not as a call to action🙅♀️, but as one of the possible scenarios!
Thanks for Your attention😊
Yours sincerely, Kateryna💙💛
BITCOIN $BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOINBITCOIN BITSTAMP:BTCUSD - Apr 9th, 2024 | ASCENDING TRIANGLE ON BITCOIN
BUY/LONG ZONE (GREEN): $71000 - $83000
DO NOT TRADE/DNT ZONE 1 (WHITE): $68500 - $71000
DO NOT TRADE/DNT ZONE 2 (WHITE): $63000 - $68500
SELL/SHORT ZONE (RED): $52000 - $63000
Weekly: Bullish
Daily: Bullish
4H: DNT
The DNT zones are separated into two and can also be used to create expanded zones for the bearish and bullish areas. The zone is split at the 68500 level because this holds structural impact on the lower timeframes and is roughly where price should create a new support level at for the ascending triangle pattern that can be seen on the Daily timeframe down to the lower timeframes. Whether price further creates bullish support or breaks through the level and down into the bearish area, the 68500 level is my main trend determination for the lower timeframes. The ascending pattern can also be seen on the Weekly but is more so shown as a tight range and does not show as much detail as the Daily and 4H pattern did.
My main focus for looking for entries is going to be on the 4H timeframe and try to follow the chart pattern of the ascending triangle, whether it respects it or breaks it.
The bearish target was determined by where previous bullish momentum had started, about a 17% drop from the start of the bearish area.
The bullish target was made to roughly match the same percentage distance as the bearish target, which is where the 83000 level came from.
Previous CRYPTOCAP:BTC analysis is linked below!
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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BITCOIN consolidating around ATH = Mega BUY!Quick comparison of Bitcoin's (BTCUSD) current Cycle to the one in 2014 - 2017, which is the one that has been most tightly correlated to and as you can see by the charts below, we have spotted since January 2023, right at the market bottom:
The current consolidation around the previous All Time High (ATH) region is a clear buy signal, in fact based on the 2014/17 Cycle, it is the last we might get before the Parabolic Rally (green) phase starts.
As you can see both Cycle's started with a Falling Wedge leading to the bottom, then the Accumulation Phase as soon as the price broke above the 1W MA50, leading to the 1st take-off Phase to test the ATH.
The 1W RSI will mostly stay overbought from now on until the top of the Cycle, which is not the essence of the current idea, but we expect it to be at least at 200k. The 1W MA50 (blue trend-line) should continue to support until the Cycle Top.
But what do you think? Do you expect BTC to start the parabolic rally phase shortly after the Halving which is around a week's time? Feel free to let us know in the comments section below!
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Bitcoin's Triangle Dilemma! 📈📉
Hey traders! 😊Ever felt the thrill of a breakout looming? Today, we're diving deep into Bitcoin's current triangle situation. Let's navigate through potential scenarios and craft our strategy for the upcoming ride!
Bitcoin's stuck a little bit. Will it break out upward or downward? The suspense is killing us!No fear! We've got a plan for both outcomes.
🔍 Spotting False Alarms
False breakouts are possible.🤨 Learn how to sniff them out like a pro!Haha😎
We'll wait for clear signals before diving into action. Patience pays off, my friends.
📈 Up We Go: Riding the Bull Wave
If Bitcoin decides to break out to the upside, we'll be ready. But not without confirmation! We'll wait around $71K, to confirm the breakout before riding the bullish wave up to $77,500.😆
📉 Downward Bound: Surfing the Bear Trend
But hey, what if it's a bear's world out there? No worries! We'll watch for that crucial confirmation around $63K before shorting our way down to $58,900. Bears, you're not scaring us today!Boooo🐻
🚀 Halving Hype: Brace for Impact!
💡Don't forget, traders! The halving event is on the horizon, and it's bound to shake things up. Get ready for some serious movement as the halving draws near. Exciting times ahead!💪
Get ready, friends The breakout is coming, and we're prepared for whatever the market throws our way. Share your thoughts and join the conversation in the comments!
Subscribe to stay updated!🫶
Thanks for Your attention💋
Sincerely yours, Kateryna💙💛
BITCOIN is about to rally hard on Dollar collapse.On this chart you see Bitcoin run against the DXY, which is the U.S. Dollar Index.
On every single Bull Cycle, when the DXY forms a Channel Down, BTC rallies on its Cycle most aggressive part.
The DXY is currently getting rejected on a Lower High, being inside a Channel Down since September 2022.
This shows that we are again on that part of the Cycle when BTC is about to start the aggressive parabolic rally.
Stay bullish until the DXY reverses upwards again, which happens when the Channel Down breaks to the upside.
Follow us, like the idea and leave a comment below!!
📈Quick BTCUSDT Setup using Bollinger Band📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Traders.
In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.✍
The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.✍
The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.✍
Otherwise, the downward scenario begins.✍
Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.✍
Which scenario do you see as the winner in the current structure?💥
My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.
BITCOIN Resistance Ahead! Sell!
Hello,Traders!
BITCOIN went further up
Recently but the coin
Will soon retest a horizontal
Resistance level of 73,784$
Which also happens to be
An all-time-high and from
Where I will be expecting
A local bearish correction
Sell!
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