BITCOIN Major Bullish Break-out taking place.Bitcoin (BTCUSD) broke today above the top of the Falling Wedge pattern, which is technically the Bearish Leg of May's Channel Up. If the days closes above it, we will have a repeat of the May 13 Bullish break-out but this time even stronger as the 1D Stoch RSI has formed a Bullish Cross on oversold territory.
As mentioned on our previous analysis, the last Bullish Leg of the Channel Up peaked at +19.50%, so we expect BTC to replicate this. Our Target is 79000.
Feel free to let us know in the comments section below!
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Btc-bitcoin
$BTC is testing the major resistance zone#bitcoin #btc price is about reclaim the trend line. If breaks out resistance zone #btcusd price will be more optimistic. This' also the bearish retest of the zone #btcusdt lose the dormer trend support and so i call here as major resistance zone. Not financial advice.
Wave 5 is probably too largeHey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Technical Section:
Wave 3 < 161.8% of wave 1
Wave 4 = 38.2% of wave 3 (Wave a = 38.2% of wave 3, It did)
Wave 5 is probably too large
Extended Wave 5 (Target 2 ) = 100% x length of (beginning of Wave 1 to top of Wave 3)
(Extended Wave 5 = 161.8% x length of (beginning of Wave 1 to top of Wave 3))
Targets:
Target 1 = $ 91k
Target 2 = $ 110k
Take care.
BTC (Y24.P2.Video 2). Bullish outlook and reasonsHi traders,
I do see a bullish structure and give reasons as to why.
Is there trading opportunities, yes, coming with a scalp mindset.
I give levels and hence we look for sfp's setups for this scalping approach.
Please give me a like and share,
Regards,
S.SAri
BTCUSDT (bitcoin), falling after bulls activity.Hi friend. There is situation when we have clear bulls accumulation and distribution at once. But finally market accumulate more than 4 x bigger bullish volume then distribut. So i mark intresting market levels and first bearish target is 66448.
Dont forget to support me. And have a nice trading week. 💪
Also remember that crypto like another exchange tipes its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.
Right where we are supposed to be in the #Bitcoin cycle. Watch the calendar not
the price.
Hard to implement.
But it's the only way to keep your sanity investing in #Crypto :)
We have had double bubble's
Parabolic tops
marginally higher high, double tops
what next a rising wedge top, triple top , a clean head and shoulders?
all that we know , we must fear the euphoria and fade the crowd.
WEN ATH for #Bitcoin ... July 2024Based on past cycles
The breakout should occur around 33 months post the 2021 high
With the top occurring Q4 2025
This could be front run of course. As the thesis laid out by Bob Loukas.
And I do lean into the idea this is going to be a major top for #BTC
Resulting in the halvening failing to provide the expected pump in 2028
Potential for a shadow and subsequent increase towards 69/70KCurrently, the price is approaching the support of the upward trend. There is a liquidity zone at the $65,800 level, indicating a potential shadow and a subsequent price increase towards $69,000/$70,000.
If the current support is broken, there is a likelihood of the price moving towards $64,000/$62,000. Observing these levels can provide insights into potential market movements. As long as the price remains in an upward trend, monitoring pullbacks (price retracements) could be beneficial for understanding market dynamics.
BNB Massively Undervalued? $10,000 Potential!BNB has been making some extraordinary moves last cycle, where it bottomed around $4.5 and made it to $700 during the next top.
Looking at the chart, we can clearly see that BNB follows a bullish channel pattern. My assumption is that this channel will hold and that BNB will make a move towards the top of the channel.
$10,000 is possible, it's a "mere" +5,000% move from bottom to top, as opposed to last cycle's +16,000%.
Are you bullish on BNB? Share your thoughts.
WIFUSDT → Resistance Breakthrough. Will there be a rally?BINANCE:WIFUSDT shows quite interesting preconditions for a possible rally. The coin breaks the consolidation resistance and at the same time looks stronger than the market.
The coin has been in the consolidation stage for two months. Now the price is breaking the triangle resistance and consolidating above 3.256, which generally determines the medium-term intentions of the market. The level of 3.561 is ahead and the main task of the bulls is to overcome this obstacle. If buyers are able to pass this zone and form a consolidation above, only 4.850 is ahead.
Resistance levels: 3.561, 4.343
Support levels: 3.256, 2.92
I expect the continuation of growth to the nearest resistance with its further breaking and growth to the previously mentioned targets.
Regards R. Linda!
NUKLAI NAI at the ABSOLUTE BOTTOM - #datanomics and MOREAbstract
Nuklai is one of those projects that when you truly get to understand it, not only you realize it's a hidden gem, but it has the potential to become its own type of Web3 subdivision such as DeFi, NFT, Metaverse, etc. In this case, we're looking at the birth of #Datanomics, or the monetization of user's data using Web3 technology.
Fundamental Reasons why NAI is a good project
Data mining by big corporate such as Google, Meta, and others is the fundamental pillar on which their business models are based. No data, no freemium. So companies such as Google and Meta get user's data for free, in exchange for Google and Meta products and services.
But what if users could monetize their own data as NAIF tokens and get these companies to pay them for their data? Not only is this an idea that can change it all, but it has been tested and it works!
If you go into their X profile , you can find they already tested this model with a BTC Price Prediction Research that got 2858 entries . This means 2858 NAIF (fraction tokens) were minted, and now each token holder is receiving passive income from 3 subscribers for their contribution to this dataset. This is the first time a user's data is tokenized in such a way!
Token fractions (NAIF) from decentralized datasets is only one of the innovations Nuklai is working on. Another important highlight is their Private Data Networks offer for big enterprises will also bring Web3 data usage to the masses, although this is more of a B2B approach.
Web3 users are used to paying money for acquiring tokens. But what if you can share data for tokens that provide passive income instead? Passive income NAIF tokens swapped for Web3 users data will take off when the market realizes its potential, the #datanomics potential.
Technical Reasons why NAI chart is looking promising
There are three main reasons why the NAI chart looks incredible, almost like an absolute bottom:
1. NAI is in a bullish descending channel that just touched the bottom for the third time. Price action is ready to move into an accumulation sideways. The bottom has just hit only some hours ago.
2. You can see NAI is actually at the bottom of a saucer pattern. Its price action resembles that of BTC 2013-2017 and its three phases of the saucer pattern: descending channel, sideways accumulation channel, and bullish ascending channel. NAI is doing the same. It's now just entering the sideways accumulation channel.
3. The bottom of NAI is at 0.118 fib retracement line, where most bottoms for cryptos occur. This happened the same with LINK, BTC, ETH, etc, at some point, showcasing the unique opportunity to get into NAI at the bottom
4. 4h RSI at total oversold levels. Bounce imminent.
And finally, at only 12M marketcap? There is no greater jewel in the crypto space right now.
If NAI does a proper saucer pattern just as the one BTC did, we could see around +13000%, which will make the price go at least to the 13 FIB line, which is exactly at $1 USD per NAI. I think we may see this within the next 12-18 months or so.
The price could return to the 70k and 71k levelsBitcoin surged to the selling zone above $70,000 and was rejected again. Currently, it has strong support in the $67,000 to $65,800 range, which could potentially push it back towards the $70,000 to $71,000 resistance level.
Keep an eye on your watchlist, as long as the main ascending trend line at around $65,800 is not broken, you can look for long positions during corrections.
Please note that this is an analysis, not a trading signal.
Bitcoin Analysis(More fall)After Mt. Gox moved $840 million in Bitcoin to a new wallet , Bitcoin started to fall.
Bitcoin has managed to break the lower line of the ascending channel .
According to the theory of Elliott waves , it seems that the next corrective waves have started .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) .
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🔥 Bitcoin In A Bull-Flag: Wait For Break Out!After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again.
Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish.
Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some point.
Wait for the market to show clarity. Wait for a break of either resistance of support. A new all-time high is around the corner.