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Is This the Bottom for Crypto? BULLS ARE STILL IN CONTROL!🚀Looking at the Total Market cap and BTCUSDT here. There's a lot of confluence showing that next week may be a very bullish reversal for all markets. TD9 is flashing buy on both BTC and the Total Market Cap. Retracement levels quite interest on both charts with EMA 100 and 50 being our supports respectively. This may indicate more bullishness for the overall market than for btc. Likewise we can see the total2 marketcap excluding btc, has bounced off the bottom of it's down channel and now has retraced off it's 300 EMA. Additionally, BTC Dominance, though it tried to reverse on the correction, showed very little actual movement. However it did allow the TD9 to reset completely! Allowing us a full downtrend from here still if we wanted. This implies a heavy bullish bias towards alts! Which is great for us - as if this seeming support level fails it's like a straight bomb down to the bottom. Overall, The confluence of these signs of the various chart throughout the market points to this week being extremely bullish, which is deserved after the past week and a half of Bearish downtrend.
Long
by cryptosince1963
4
Bitcoin likely to bottom around 44k.Hi there, Here is my analysis on the current bitcoin situation: The 21week moving average has proven to be a good indicator for finding the bottom in previous bull runs. I think this time will be no exception and we are probably heading for it. The 21week moving average currently lies around 43-44k. Next to that there is a also rising wedge pattern playing out. The target of this rising wedge can be calculated by measuring the height of the wedge: The 42/44k range. Finally, by looking at the RSi we can see that its starting to hit the oversold condition, this can also signal that a reversal is near. Thanks for reading, and if you like this analysis you can give it a thumbs up. Thank you :) Greetings.
BITSTAMP:BTCUSDLong
by CivilisedWolf
Wyckoff Accumulation also appearing in price action now As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern. After recent price action, it seems that also the PA is following along. Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory of the bottom being in, after a semi-long period of accumulation. Sentiment is slowly turning positive, many are still doubtful, so a surge before the subscription period ends, could cause some Fomo-buys, who will soon after provide liquidity as they panic sell (unknowingly) at a possible Wyckoff Test area after a Spring. Still very new into Wyckoff, so take all this with a grain of salt.
OLong
by Veuvee
MFTUSDT BuyHello traders! MFT is at the bottom of the channel and it has formed descending Broadening wedge pattern and it is ready to give Breakout. After the breakout, it will touch the high of this channel and I am expecting more than that. Traders can take their profit at the peak of the channel with 100% gains but after the breakout, it will be unstoppable and will shoot to the sky with up to 200% @ 0.06+ target. Don't forget to hit the like button and follow to stay connected.
MLong
by Aadil1000x
13
CL > opportunity for large gain over a short time periodOil is showing a classic rectangle bottom. This is a pattern at the end of a down trend. The criteria are. That one of the horizontal lines needs to be touched 3 times and the other 2 times. This fulfills the criteria. Rectangle bottoms can break out in either direction. Be prepared to take a short or long position on candle close (in this case a 4h candle.) Rectangle bottoms do even better when the volume goes down as the rectangle moves to the right. This seems to be the case here. You can also trade this by going short when price touches the upper line and buy when it touches the lower line. You can see the potential targets and they are substantial. Though I would decrease my position as it approaches the target and pocket some profits along the way. Please like and follow if this has been helpful. Ms Bunny
NYMEX:CL1!
by UnknownUnicorn11430563
17
It could be the bottom for the entire marketJumia, 3D Systems, Fubo, Skillz, Virgin Galactic, Plug Power, Nio, Jinko Solar, Xpeng, Li Auto, Momo, Pinterest, Beyond Meat, Peloton, Tesla, Square, etc. Some of them have lost more than 50 percent since the peak of February. It seems they all touched the bottom this morning. Notice how they move in unison despite belonging to different sectors, the same could happen in the recovery. NYSE:JMIA NYSE:DDD NYSE:FUBO NYSE:SKLZ NYSE:SPCE NASDAQ:PLUG NYSE:NIO NYSE:JKS NYSE:XPEV NASDAQ:LI NASDAQ:MOMO BMV:PINS NASDAQ:BYND NASDAQ:PTON NASDAQ:TSLA NYSE:SQ
NYSE:SPCE
by amateur_trad3r
AMC: Be aware of these Key Points for the short/mid-term!Hello traders and investors! Let’s talk about AMC today! In the 1h chart, we have a support level at $ 7.63 (black line), and a trendline connecting the previous tops, which is working as a resistance. If AMC is about to do anything next, regardless of if it is up or down, it must do a breakout from one of these lines. The volume has been quite low during the last candlesticks, indicating that the next big movement will occur soon. In moments like this, the 21 ema is totally useless, and it is not a reliable support/resistance level. Now, let’s see the daily chart for more clues: We have what could be a huge round bottom in the daily chart, which means that we might see some rally next, up to the pattern’s target, which is around $ 20. AMC is above the 21 ema in the daily chart, which is good. Unlike in the 1h chart, where we have an annoying congestion, here the 21 ema might still work, as AMC is still trending. But what really caught my attention is the volume . When the stock spikes, the volume increases a lot, but when is drops, it starts to diminish again, showing that the bulls are in control of the situation , and they are really moving AMC. Either way, if AMC loses the 21 ema and the support level in the 1h chart, the next stop would be the black line at $ 5.22. But if we see any bullish pattern around here, we could see an excuse to buy, and if it breaks the purple trendline, even better. Remember to follow me to follow me to keep in touch with my daily studies, and if you’ve read this far, you must’ve found this analysis interesting, otherwise you wouldn’t still be here, right? If that’s the case, please support this idea ! Thank you very much!
NYSE:AMC
by Nathan_The_Finance_Hydra
9
BTC - I am so bullish it hurtsAt the moment, BTC price is at the exact level where it was in my last post on Saturday: $47.3k and we have experienced another lower low yesterday. So why I have flipped my sentiment overnight? 1. Price action has accurately followed my Blue scenario sofar (I wrote in my post on Feb-24). BTC dipped below $43.7k to f all the stop-losses and bounced back decently, front-running the bids in $40k-42k zone. I have seen a lot of people recently calling $40k-42k as strong support and bidding there. This is a zero-sum game, so if everyone could buy BTC at a good price, that would apparently be not a good price anymore. 2. BTC price touched the Kijun line at $43k. That line acts as good support in the Ichimoku indicator, just as it had in the last correction in Jan-2021. Looking into the 4H chart, we could also see that BTC has retested the 4h 200MA. In a truly BTC bull market, when price touches the 4h 200MA, it fking bounces up. 3. I have seen very strong buying power coming especially from Coinbase since Sunday evening, which has reflected in Coinbase price premium. For those who are new to this space, Coinbase is a prestigious crypto exchange that is institution-oriented. Coinbase provides a good very custody service with relatively high fees, so retails don't like them but institutions do. The fact that there are high BTC price premiums and high BTC outflows on Coinbase indicates the strong buying activities from the institutional investor(s), which is the main driving force that has been pushing the price up in recent months. I would not be surprised if there is news about a big entity (or Microstrategy again) buying BTC coming out in the next couple days. What I expect next: Price may retest $48.6k this week, if not today. If the local bottom has been actually in, I want to see BTC ranging for a while, maybe between $49k and $43k, and forming a reaccumulation pattern before moving up again. Meanwhile, I would love to see money rotating into altcoins, especially Ethereum. In case price has not bottomed out and corrects further (possibility is 30% in my opinion), I will prepare for the $30k zone. In conclusion, I personally think that we have found the local bottom zone and it's time to bid up, homies. "Those who don't have the balls to buy when it dropped 20% do not deserve when it pumps 200%" (from someone on Twitter)
COINBASE:BTCUSDLong
by UnknownUnicorn13756681