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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: The recent market activity witnessed a continued decline in the value of Bitcoin, leading to a significant drop and triggering a shift to our designated Key Support level of 54000. Current market sentiment indicates a potential recovery towards Mean Resistance 56700, possibly extending to Mean Resistance 59200. It is pertinent to acknowledge that persistent selling pressure at this stage could precipitate a further down towards the previously completed Interim Coin Dip 50000 before a resurgence occurs.
BITSTAMP:BTCUSD
by TradeSelecter
(FX) function x "ultra music festival"function X is involved with Ultra music festival by supporting Ultra on chain. There is an up coming Ultra Music in ROC and Hong Kong for the first time this year. Mid September for the Hong Kong experience and November for Republic of China (ROC) ultra music festival. Visit ultra music festival page for details. To see the connection visit Function X and go to their ecosystem and select lifestyle tab to see the connection to Ultra.
COINBASE:FXUSDLong
by CryptocurrencyBlot
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook: The "Primary Squeeze" of Bitcoin has experienced a significant drop to our Mean Support levels at 62700 and 60300, and it currently hovers just above the critical Mean Support level at 57600. Currently, the cryptocurrency is positioned for further upward movement, with the primary target being a retest of the completed Interim Coin Rally marked at 64900. It is noteworthy that the selling pressure at this level may lead to a decline in the coin's price towards the Key Support level at 54000.
BITSTAMP:BTCUSD
by TradeSelecter
ASTAR : THE Token of Sony's Soneium Blockchain!Last week, Sony announced it's Soneium Blockchain that has been in the works since last year. Earlier today, the launch of Soneium's testnest was announced during Japan's WebX event. Japan's Prime Minister and Japan's Minister of Economy gave a speech at this event. After their speeches, the stage was given to Sony's Soneium representative and the creator of the Astar Network. Sony also announced that the ASTAR ALOR:ASTR token will be a key asset on its Soneium #Blockchain. Previously, #Sony has announced that it will launch a #crypto exchange in Japan. ALOR:ASTR is currently a relatively low marketcap coin, sitting somewhere at the #130th position. #Astar's tokenomics are also great ; it's fully diluted marketcap is close to its current market cap, which gives it a major advantage over most other coins, which have massive unlocks periodically. Astar has incredibly volume. In fact, it's volume/market cap is one of the best in all of crypto - currently, it's 0.147 - compared to Ethereum's 0.07. This means the coin has very high liquidity. The coin is also relatively new. It was launched during the bear market, so it has time to build a community and doesn't have as many bagholders yet. Looking at the weekly chart, we can see a massive hidden bullish divergence. The price has been making higher lows on the weekly chart, while the RSI has been making lower lows. This means that the token has managed to hold its gains on the weekly timeframe even though sell pressure increased. With a market cap of under $0.5 bn, it has the potential for a 20 - 50x this cycle.
KRAKEN:ASTRUSDLong
by couldntcomeupwithone
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: Bitcoin has surpassed our Mean Resistance of 61700 and completed Interim Coin Rally 62200, finishing extended Interim Coin Rally 64900. Presently, the coin is positioned for further upward movement with a primary target of 68500 and a retest of our completed Main Inner Coin Rally 73200. The selling pressure at this level may cause the coin's price to decline toward the Mean Support level of 56600, possibly extending to the Mean Support level of 60300.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: During this week's trading, Bitcoin underwent a retest of our Mean Resistance level of 61700 and, subsequently, the Mean Support level of 57400, marking the completion of the Interim Coin Rally at 62600. The presence of intermediary selling pressure may lead to a decline in the coin's price action toward the Mean Support level of 56600, 54000 and potentially result in a retesting of the completed Interim Coin Dip at 50000. On the positive side, the overall trend remains optimistic, with a focus on retesting the completed Interim Coin Rally at 62600 and potential extensions to the Mean Resistance levels of 65500 and 68500, respectively.
BITSTAMP:BTCUSD
by TradeSelecter
4
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 9, 2024Technical Analysis and Outlook: Bitcoin encountered a substantial decline during this week's trading session, reaching Mean Support 55800 and Key Support 53800, and subsequently retesting completed Outer Coin Dip 54000. The considerable selling pressure finalized Outer Coin Dip 51000 and major Key Support 50700. The overall upward trend remains ongoing, leading to the establishment of a new Mean Resistance 61700 and the completion of the Interim Coin Rally 62600. The potential extension towards Mean Resistance 65500 and 68500 holds significant promise for the forthcoming week's sessions. The likelihood of temporary downward pressure toward the Mean Support at 57400 exists before the coin resumes its upward trajectory.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook: Bitcoin experienced a significant drop from an attempt to complete the Inner Coin Rally of 70400. However, the Mean Resistance 68200 was the main barrier during this week's trading session. The overall trend suggests a recovery towards Mean Resistance 65300, with a possible extension to Mean Resistance 68200 and Inner Coin Rally 70400. There may be interim downward pressure toward the Mean Support at 55800 before the coin resumes its up movement.
BITSTAMP:BTCUSD
by TradeSelecter
HBAR: $0.051 | an Enterprise Solution ahead of its Timefinding value in this brave new world is a matter of a conviction experience and discipline this project is for keeps.. secure capital and leave the rest to maybe $100bn to $1trilioin cap when it becomes the facility to digitize Fortune 500 hard assets it covers the usual payments nfts defi etc.. what sets this apart is the team and project updates which is BORING for most yet golden for serious investors the IDNTITY project may just be a goldmine however it needs to peddle a flagship project to win new investors under rated forgotten yet a sleeping giant that can dazzle at TOP 10 by next cycle
CRYPTO:HBARUSD
by senyor
5
AIRDAO on the comeback trail?This S coin has undergone a rebrand it seems , a main-net release? I don't know, I rarely dive into the fundamentals of a project... whilst a narrative is nice and sector rotation is a thing the age of the ALT coin and any the state of the community / marketing are generally the most important. Which is all told in the price action of the charts anyway! :) Supply/demand ---> support/resistance ---> accumulation/distribution anyway as this chart shows there may be life in this old dog of a S coin. And it is currently in a low risk (USD) entry zone. (Don't forget to keep a Moonbag in these S coins as you take profits ... as you never know if it will be blessed this cycle with extreme out performance)
CRYPTO:AMBUSDLong
by BallaJi
BTC - Navigating the Recent Decline and Key Technical IndicatorsDear Traders, today I want to provide you with a trading analysis of Bitcoin's recent decline from $70,000 to $66,000, we will utilize several technical analysis tools, including Fibonacci retracement levels, Bollinger Bands, Ichimoku Cloud, Exponential Moving Averages (EMAs), and other moving averages. This analysis will explore key price movements, support and resistance levels, and potential future trends. 1. Fibonacci Retracement Analysis Fibonacci retracement levels are commonly used to identify potential support and resistance levels based on the key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%). In this scenario: - Retracement Levels: - From the high of $70,000 to the low of $66,000, key Fibonacci levels are: - 23.6% retracement: Approximately $66,950 - 38.2% retracement: Approximately $67,520 - 50% retracement: Approximately $68,000 - 61.8% retracement: Approximately $68,480 - 78.6% retracement: Approximately $69,090 The recent decline saw Bitcoin retracing to the 61.8% level, suggesting a strong support area. A failure to maintain this level could indicate further downside potential. 2. Bollinger Bands Analysis Bollinger Bands consist of a middle band (usually a 20-period SMA) and two outer bands set at a standard deviation away from the middle band. They help identify volatility and potential overbought or oversold conditions. - Observations: - As Bitcoin declined, it approached the lower Bollinger Band, suggesting a potential oversold condition. - A rebound from this level might indicate a short-term relief rally, while a close below could signal continued bearish momentum. 3. Ichimoku Cloud Analysis The Ichimoku Cloud, or Ichimoku Kinko Hyo, provides insight into trend direction, momentum, and support/resistance levels. - Components: - Tenkan-sen (Conversion Line): A shorter-term moving average, usually set at 9 periods. - Kijun-sen (Base Line): A longer-term moving average, typically 26 periods. - Senkou Span A & B (Leading Span A & B): Form the cloud, representing potential support/resistance. - Current Status: - Bitcoin's price fell below the Ichimoku Cloud, suggesting a bearish trend. - The Tenkan-sen and Kijun-sen have made a bearish crossover, indicating potential continued downside. - The Senkou Span A has crossed below Senkou Span B, reinforcing the bearish sentiment. 4. Exponential Moving Averages (EMAs) and Other Moving Averages EMAs give more weight to recent prices, making them responsive to new information. Key EMAs to watch include the 21-day, 50-day, and 200-day. - EMA Observations: - 21-day EMA: Has turned downwards, signaling short-term bearishness. - 50-day EMA: Positioned above the current price, acting as resistance. A failure to reclaim this level could confirm the bearish trend. - 200-day EMA: Often considered a long-term trend indicator. Currently below the 200-day EMA suggests a longer-term bearish outlook. - Other Moving Averages: - The 100-day SMA is also crucial, currently providing a near-term resistance level. A breakdown below this moving average may lead to increased selling pressure. 5. Momentum Indicators Additional indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) can provide further insights: - RSI: Nearing oversold levels, indicating that a short-term reversal could be on the horizon. - MACD: The MACD line has crossed below the signal line, suggesting bearish momentum. Conclusion and Future Outlook The technical analysis indicates that Bitcoin is currently in a bearish phase, as evidenced by the price's position relative to key moving averages, the Ichimoku Cloud, and other indicators. The 61.8% Fibonacci retracement level around $68,480 serves as a crucial resistance point. A sustained move above this level, along with reclaiming the 50-day EMA, could signal a potential recovery. Conversely, continued weakness below the 200-day EMA and the lower Bollinger Band suggests further downside risk, with potential support around the $66,000 mark. Traders should closely monitor these levels and indicators for signs of either a reversal or continuation of the current trend.
BITSTAMP:BTCUSDLong
by BTC-Blockchain
Will Bitcoin ever break above it's old trend line again ? The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band. Bitcoins entire history has been on the upper band of this log and in the recent crash of this year it has broken below. It did break this upper band support once before it the covid crash of 2020 marked with the orange circle. Price action broke through but as we can see it quickly recovered and held as support into the eventual bull run. This sequence of events seems to have left us a couple of clues, being the first time there was a substantial breach of the bottom and the bull run not hitting the top. I think yes, it could telling us that Bitcoin is now transitioning {reset} to the lower part of the band and it's most likely could be the new trending range. To confirm this theory we need two touches, one on top and one on the bottom. In my opinion the only questions that remains is which line will be touched first and what will be the path. I do believe the top of this lower band could be the top of Bitcoins next bull run and the bottom of could be the bear market, of course only time will tell. I do not believe we ever go to top of the band ever again and could possible be the new resistance point for future bull market tops. Just purely on looking at this lower band and assuming that we have a new bull market that tops in March of 2025, price point is showing a possible of just over 200k top. My speculation is bitcoin moves towards the top first and then touch the lower part of the band later next year at relatively the same price point as now which would mark a double bottom that ultimately sparks the new bull run. There is only one thing for sure, Bitcoin will surprise everyone. Keys to look at is the stochastic RSI. this will show which way momentum is going. This is not financial advice and should not be taken as such. it's an observation. Thanks for looking and leave comments below.
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BITSTAMP:BTCUSDLong
by WeAreSat0shi
113
Trump RFKJ Help Pump Bitcoin In Nashville's Crypto ConferenceBoth U.S. presidential candidates Trump and RFKJ spoke at Nashville's recent crypto conference. Both outlined their strategies going forward should they become the next president. Though different, both had a positive effect on the Bitcoin price as the market pumped beforehand. But now that the conference is at an end, what can we expect from Bitcoin? You can see from the chart that we are nearing the top of our channel and testing its underside as was expected from the video last week. Now, the question becomes, what's next? The two most likely scenarios are that a) Bitcoin moves sideways for a week or two in another accumulation phase before breaking up, or b) Bitcoin breaks up sooner than anticipated and starts heading toward our year-end target. A less likely scenario is that for some unknown reason at this point and time, an event or news item could reveal which would move the price of Bitcoin back down to the bottom of our channel one last time before heading up again. We live in unbelievable times rn. Anything could happen. But probability lies on the side of Bitcoin continuing its move upward at this moment. End of year target remains $90k+.
INDEX:BTCUSDLong
by stewdamus
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: Bitcoin exhibited significant down movement by reaching our Mean Support level at 64000 and subsequently rebounded strongly to retest our Mean Resistance level at 68200, as outlined in the Weekly Chart Analysis for the Week of July 19. The overall trend indicates progression toward the Inner Coin Rally at 70400, a retest of the completed Main Inner Coin Rally at 73200, and striding on to the anticipated long-term target of the Outer Coin Rally at 92000. It's important to note the initial downward pressure on the primary support at 65400 as the coin moves upward.
BITSTAMP:BTCUSD
by TradeSelecter
1
NWC IS A HIDDEN GEM!!!Hello Fellow traders and investors, Today I have an altcoin that I believe will be one of the best performers in this bull run. I want to say this is not financial advice., but the evidence is overwhelming for me at least. I do believe it will be a lot more clear and decisive later this year. Lets look at the chart, it's on the five day. 1 down trend has been broken 2 double bottom on the Gaussian channel 3 increased volume on rallies 4 Bullish divergence on many indicators. Indicators from top to bottom The RSI (relative strength) is showing a fairly strong bullish divergence The MFI (money flow) is also showing bullish divergence is in a wedge pattern. This only on the 5 day, every other time frame has a higher high. The WT Cross (lazy bear) also showing the moves have more and more strength behind them. These factors show me that the bottom is likely in and downside risk is fairly minimal Why do I think it's going to do so well though? 1 There is evidence on other time frames (monthly) of heavy accumulation which I will touch upon on another chart. This says that NWC although had very strong price decline it's very likely just a corrective phase and will continue to new highs in due time. It also shows a lot of belief in coin by long term investors. 2 The platform, It has a functioning that works great. A lot of coins can't say that. 3 Staking, 70 % of the coins are staked on the network and it pays out at 25% potential. I will add, that because of these the long term potential is very good, beyond just this bull run. Also, do your own research. Download the platform and use it. Take advantage of the staking. Kind regards WeAreSat0shi
Long
by WeAreSat0shi
7
When is the best time to buy Altcoins?The short answer is... Now, this year into early next year. Although I would expect a lot of similarities this market cycle, I would also expect some differences. So let's start with the yellow diagonal line with the up trend. This line was originally drawn through the BTC price action. Look at how it actually works perfectly with the TOTAL3, PERFECT!! So, according this chart the alt cycle big moves won't come until 2024 around the September time frame. If we pay attention we will notice a separation From the the BTC market cap to the TOATL3 market cap that opens up during the bear market. We can also see it also mimics the bitcoin market cap until it finally closes the gap in the final stage. Solid yellow line is the BTC market cap & the candles are the TOTAL3. The bars between moves 88 BARS is from top to top 57 BARS is from top to the start of the final wave (double bottom) 36 Bars is from when it breaks the up trend to Not market on chart. 62 bars from the breakdown of the trend line to breakthrough back above it would but it in early February of 2025, pretty much right on schedule. This chart is on the 2 time frame so each bar equals 2 weeks.. The indicators below are TDI and RCI 3LINES. Here is where some of the differences might come in to play. we'll look at the TDI first. I want you to keep in mind that I have zoomed in this indicator to show the moves more clearly. In 2019 the RED line (fast moving line) made a fairly big move up and broke through the top of the channel. It then dropped below the middle line (Yellow) and went sideways until it's next move again piercing the top of the channel although not as high into the inevitable COVID Crash. Comparing to this bear market the TOTAL3 has made a move off the assumed bottom but it wasn't as strong as the move in 2019 as shown by RED line. Also this time the RED line seems to have found support on top of the Yellow line showing more strength in the correction phase. If it does n=hold I would expect the next move to be higher than the initial one which would be different from the last bear market. I also think this will continue all the way up. RCI 3LINES RED FAST / BLUE 2ND FASTEST / GREEN SLOW The all important Blue line has crossed up on the green line. Once the red line turns back up, the move will follow. All in all it is good time to start to accumulating your altcoins of choice. Keep in mind although they do move together for the most part, they all have they own cycles as well. Thank for looking. Let me know what you think down below. WeAreSat0shi
CRYPTOCAP:TOTAL3Long
by WeAreSat0shi
25
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook: Bitcoin has consistently demonstrated an upward trend in the current week's trading, aligning with the projections outlined in the Daily Chart Analysis for the Week of July 12. Both the Mean Resistance level at 60400 and the subsequent Mean Resistance level at 62800 were not only reached but surpassed greatly. The overall trajectory is progressing towards the long-anticipated target of the Outer Coin Rally at 92000. Concurrently, two significant interim milestones have emerged: the Inner Coin Rally at 70400 and a retest of the completed Main Inner Coin Rally at 73300. It is imperative to underscore the substantial downward primary squeeze pressure toward 64000, prevalent across all specified upper target levels.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 12, 2024Technical Analysis and Outlook: Over the course of this week's trading, Bitcoin has continuously traded within the range of the completed Outer Coin Dip of 54000 and the Mean Resistance level at 57900. Our analysis anticipates a potential breakout from this fluctuation zone, implying upward movement toward the Mean Resistance level at 60400 and possibly further to the subsequent Mean Resistance level at 62800. It is important to note the presence of potential downward squeeze pressure at the specified target level.
BITSTAMP:BTCUSD
by TradeSelecter