Get started

Btc-e

Could the Bitcoin reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 68,102.13 1st Support: 66,091.35 1st Resistance: 69,487.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
2
BTC, can confirm we confim the breakout?Please check the previous idea to get the bigger picture - You find it in my profile Hello everyone, Bitcoin reached the top line of the flag pattern, that was built from the 74k top. We got a strong move up, but the breakout didn't even reached 70k. Bearish Case Currently we are in a correction of about 3000 Dollar and the correction could expand, if the current support from the 1H 200 EMA will be lost. The next support would come in between 64k and 65k. Bullish Case If the price can stay above 66500 and breaks the pattern to the upside, it will face resistance at 68k and needs to get over 68400 to continue the path to the upside. If that's the case, 73k should be the next target
COINBASE:BTCUSD
by Kyrean
The beginning of trading begins with waitingHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) There are indicators that are paired with indicators that show support and resistance points. The HA-Low and HA-High indicators and the BW (0) and BW (100) indicators are paired. - HA-Low, BW (0) indicators show the low range, - HA-HIgh, BW 100) indicators show the high range. Therefore, if it touches HA-HIgh or BW (100) and starts to decline, it is likely to touch HA-Low or BW (0), and you should think about a countermeasure. If it encounters resistance at the HA-High indicator (67414.39) on the current 1D chart and starts to decline, it is likely to touch the HA-Low indicator (currently 56204.13) on the 1D chart. However, you should be aware that the HA-Low indicator may move and be created as the price falls. Since the BW (50) indicator exists between the BW (100) indicator and the BW (0) indicator, it cannot be said that a decline in the BW (100) indicator will necessarily touch BW (0). Accordingly, the BW (50) indicator can replace the role of the BW (0) indicator. The above explanation is the information required when utilizing the indicators on this chart. - The 65920.71-67414.39 section is a section composed of HA-HIgh indicators. Therefore, the key is whether it can receive support and rise in this section. If not, and it falls below 65602.01, there is a possibility that it will fall to around 61099.25. However, since the M-Signal indicator on the 1W chart is passing around 62791.03, it is highly likely that it will touch around 62791.03 and rise, and you should consider a response plan. - Since the M-Signal indicator on the 1D chart is passing around 65920.71, it can be interpreted that it is currently shaking. However, if it fails to rise above 67414.39, it is expected to eventually fall below 65602.01, so caution is required when trading. - We need to check whether the StochRSI indicator will enter the oversold zone with this decline. If the STochRSI indicator has entered the oversold zone, there is a high possibility that the downward force will be strong, so it may lead to an additional decline. Therefore, whether there is support around 65602.01-65920.71 is significant. - Based on the above, we can see that it is not the time to conduct a new transaction. Therefore, in order to conduct a new transaction, we need to check whether the StochRSI indicator turns upward when it shows support around 65602.01-65920.71. If not, and it falls, it can be seen that it is time to start trading when the HA-Low indicator or BW (0) indicator is newly created or when it is confirmed to be supported around 61099.25-62791.03. - If you create a trading strategy and start trading and the movement is in the opposite direction, then you should check the movement of the support and resistance points or indicators. (SOLUSDT.P 1D chart) That is, let's assume that you started trading by selling (SHORT) when the arrow indicating the appearance of the BW (100) indicator was created and the BW (100) line was created when it showed a downward trend, as in the SOL chart. However, as the price rose, the BW (100) line disappeared and rose to around 171.63. We should also think about countermeasures for this movement and start trading. Even if you didn't think about it, you can see that the STochRSI indicator has entered the overbought zone, so it will eventually fall over time. Therefore, you just need to decide whether to proceed with additional selling (SHORT) in the current rise or wait. Since it is a futures transaction, the forced liquidation point is close, so you should consider this first and think about a response plan. Since the StochRSI indicator touches the highest point (100), it cannot be said that the decline will begin immediately, so it is better to check the movement a little more. Fortunately, the BW (100) line of the 1M chart currently exists at the 171.63 point, so it is expected that you can create a response strategy by checking whether there is support near 171.63. ------------------------------------------------- You should continue trading even if the transaction fails. Otherwise, you will lose your trading sense and it may not be easy to start trading again. However, you should not start trading at any time. You need to be able to wait for the right time to start trading, and when it's time to start trading, you need to start trading boldly. (BTCUSDT.P 1D chart) I started trading with the previous indicator chart, so it's a bit low entry price, but I'm maintaining a sell (SHORT) position at 68293.8. Unlike the BTCUSDT chart, the BTCUSDT.P chart has a volume profile section formed at 66750.0. Therefore, it is expected that it will be important whether it receives support or resistance around 66750.0-67392.1. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
The possibility of realizing the potential of OAXToday, another announcement was released about the delist from the ooki, unfi, kp3r, idrt binance. It is very unpleasant to see ooki in the list, which repeatedly gave large impulses and pleased with profits. Because it was delisted from an already extremely oversold position, there is a fairly high probability of an exit pump, but I will look at it at least closer to the weekend. After the announcement was released, the rest of the coins with the monitoring tag turned out to be safe, against which you can look at increasing positions on them. First of all, OAX stands out for a large number of unused savings in order to retry an exit above 0.35-40, full issue, the presence of a btc pair providing additional liquidity, and extremely high unprocessed targets on large timeframes up to 5X in a pair to btc. This combination gives a huge potential for a breakdown. Also, during the impulse on October 9, signals for overshooting were left on small timeframes, which gives an additional signal for growth. Taking into account the approach to the end of the month, the probability of a repeat impulse with the aim of local overshooting with a test of the trend line formed by the previous breakdown is growing. In case of consolidation above the trend line or the 0.25 level, which is key for the growth of volatility, there is a probability of an impulse to 0.35+. The main support is the range 0.125-135. We have already pushed off from the lower limit, in case of successful re-trading and a rebound from 135, there is a chance of a trend. Even on a 0.25 retest, the profit reaches 90%, and when trying a 0.35 test, it reaches 150%. If a new monthly candle opens above 0.25, a further breakdown will not take long. GFT vite pros hard and akro from coins with a monitoring tag can also show good growth. However, unlike oax, they have already worked out quite high goals, which reduces their growth potential. Among them, gft looks the most interesting so far, having the greatest liquidity due to derivatives on other exchanges, which in the future may lead to the addition of futures on the binance, or a change of tag with rapid subsequent growth.
Long
by Strateg_
Election 2024: Bitcoin to $80k? Election 2024: Bitcoin to $80k? The cryptocurrency market is turning downwards, in tandem with the broader stock market. This decline might be dashing hopes of BTC/USD breaking the $70,000 threshold. Despite the bearish trend, options traders like the odds that Bitcoin could soar to $80,000 by the end of November, regardless of the outcome of the U.S. presidential election. Kamala Harris has remained relatively quiet on the subject of cryptocurrencies, though an adviser recently signaled she would “support policies that ensure that emerging technologies, and that sort of industry, can continue to grow”. Meanwhile, Donald Trump is actively courting crypto holders, pledging to transform America into the crypto capital of the world and establishing a strategic national cryptocurrency stockpile, akin to the country's gold reserves.
BLACKBULL:BTCUSD
by BlackBull_Markets
BTCUSD approaching a very strong support zone.Bitcoin is trading inside a Channel Up pattern, which since Monday is correcting. We are already below the MA50 (4h). The previous correction found the first support on the MA200 (4h), just over the 0.5 Fib. It then broke slightly below it for the final bottom of the pattern. Trading Plan: 1. Buy on the MA200 (4h). Targets: 1. 71500 (just under the -0.236 Fib extension, like the October 21 High). Tips: 1. The RSI (1d) provides the most efficient buy signal on its Rising Support trendline, which started on the August 5th Low. If its crosses below its MA, then reserve one final buy for the Rising Support. Please like, follow and comment!! Notes: Past trading plan:
CRYPTO:BTCUSDLong
by TradingBrokersView
APTOS - APT COIN SWING LONG IDEA - ALTCOIN MARKET - CRYPTOAptos is one of the most useful Layer 1 chains in crypto right now. I believe the fundamentals of this coin are remarkable, and I expect it to perform well during the 2024-2025 crypto bull market. The price is coming from the monthly demand zone. It swept the 2024 spring low before getting rejected from the monthly demand, which created strong bullish momentum. It also broke the diagonal trendline responsible for the bearish movement. Currently, both weekly and daily momentum are strongly bullish. I expect the price to hit the daily demand zone and take off from there. It might form a small range around this level, but I believe we are targeting all-time highs.
Long
by UA_CAPITAL
Bitcoin Analysis ==>> Bearish Pennant Pattern!!!Bitcoin ( BINANCE:BTCUSDT ) moved and filled the CME Gap as ✅I expected from the previous post . Bitcoin was able to move itself below the Important Resistance Line and Resistance zone($70,080- $68,250) . Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 5 as I expected with the Ending Diagonal . Currently, Bitcoin has completed 5 bearish (small) waves and is completing corrective waves . In terms of Classical Technical Analysis , Bitcoin has the ability to form a Bearish Pennant Pattern or Head and Shoulders Pattern . ( I drew the pattern separately for you so that the chart is not busy .)👇 I expect Bitcoin to continue its decline to at least $65,500 , and if the Support zone($66,500- $64,480) is broken, we should expect more Bitcoin declines . ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Short
by pejman_zwin
8
Bitcoin Analysis==>>Ending Diagonal!!!Let's update the Bitcoin chart . Bitcoin( BINANCE:BTCUSDT ) is in the Resistance zone($70,080- $68,250) . According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 . The structure of the main wave 5 is Ending Diagonal . I expect Bitcoin to FALL again and fill the first CME Gap($67,250- $67,050) . What is your idea Bitcoin can make a New All-Time High(ATH)? ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; 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.
Short
by pejman_zwin
24
BTC - Next Support...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉As per my last BTC analysis (attached on the chart), we know that BTC is currently in a short-term correction phase. The question is: till when/where? 📈From a medium-term perspective, BTC has been bullish trading within the rising channel in blue. Moreover, the orange zone is a strong demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower blue trendline. 📚 As per my trading style: As #BTC approaches 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
by TheSignalyst
4
Bitcoin can rebound up from pennant to 71K pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rose to the current support level, which coincided with the support zone. After it reached this level, it some time traded near and even entered the support area, but then dropped to the buyer zone. Also, the price started to trades inside the pennant, where later, BTC rebounded from the buyer zone and started to grow. Soon, the price turned around and made a correction movement to support line of the pennant. After this, BTC turned around and made impulse up, making a fake breakout of the 60800 level. In a short time later, the price reached the current support level, broke it, and made a retest. Then it continued to grow until reached the resistance line of the pennant, after which, a not long time ago, it rolled down. So, at the moment, I think that the price can decline to support line and then rebound up, exiting from the pennant pattern. After this, I think BTC can continue to grow, for this case, I set my TP at 71000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
15
Bitcoin will break support level and continue to fall to 61800Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days reached the support level, which coincided with the buyer zone, but at once rebounded and declined a little below. After this movement, the price started to grow inside an upward channel, where it soon reached the 59000 level and broke it. Next, the price made a correction to the buyer zone and then continued to move up to the channel's resistance line, which coincided with the current support level and then turned around. BTC corrected the 59000 level, after which it rebounded and in a short time rose back to the 66300 level and some time traded near. Soon, the price broke this level and rose almost to the channel's resistance line, but recently it turned around and dropped to the support level, which continues to trade very close. In my opinion, the price can make a small move up and then continue to decline to support line of the upward channel, breaking the support level. That's why I set my TP at 61800 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
3
ETH BROADER TECHNICAL ANALYSIS AND TRADE PLANPrice Movement The chart shows that Ethereum (ETH) has been moving within a descending trading channel after an earlier uptrend. The channel is well-defined by a series of lower highs and lower lows. The descending channel extends from around early 2024 and continues through the current period. The price seems to be consolidating after bouncing from the lower boundary of the channel. Current Price Action Ethereum is currently trading at $2,582.26, down by 1.50% at the time the chart was captured. The recent movement shows a potential double bottom near the lower channel support, signaling a possible end of the downtrend. The price is at a critical juncture, as it appears to be breaking out of the short-term resistance within the channel, hinting at a possible reversal or continued sideways movement. Descending Channel Structure The chart highlights a descending trading channel where price has respected the upper resistance and lower support levels multiple times, indicating the reliability of this structure. The channel also shows that while Ethereum is in a corrective phase, it still holds the potential for a significant bullish breakout if the current trend continues. Technical Indicators: Waveform Cipher shows a potential bullish divergence at recent price lows, which indicates momentum for a potential upward move. ASL (Advanced Stochastic Line) and HMA Histogram show mixed signals, but the overall sentiment from these indicators points toward a bullish setup in the coming days. Stochastic RSI suggests that Ethereum is currently in an oversold condition, increasing the likelihood of a rebound. The technical setup with momentum indicators and divergences indicates a potential for a price breakout upward, possibly leading toward the top of the channel. Price Targets: Immediate Resistance: The next resistance level is located around $2,750 - $3,000, near the mid-point of the channel. Upper Channel Boundary: The top of the channel is situated near $4,000, a key psychological and technical resistance level. If ETH breaks above this channel, the next major target would be $4,250 - $4,500, indicating a full recovery of the downtrend and a continuation of the broader uptrend. Key Support Levels: $2,400 is acting as immediate support, which aligns with the lower boundary of the descending channel. If Ethereum breaks below this level, the next major support lies near $2,200 - $2,000, which is a strong historical support zone. Trading Plan for Ethereum (ETH) Current Market Position: Given the technical analysis, Ethereum appears to be at a critical level within the descending trading channel, with the potential for a bullish breakout. The recent consolidation near the support line suggests an opportunity for a medium-term bullish trade. Entry Strategy: Buy Zone: Enter a long position between $2,550 - $2,600, once confirmation of a bullish reversal or breakout is evident (preferably on increased volume or further confirmation from momentum indicators like RSI/Stoch). Risk Management: Place a stop-loss at $2,400, which is slightly below the channel support and key psychological level. This mitigates downside risk in case of a bearish breakdown. Take Profit Targets: First Target: $2,750 - $3,000 – This is the mid-point resistance of the channel. Partial profits should be taken here, securing gains while allowing the remaining position to run. Second Target: $3,500 - $3,750 – Full break of the channel with increased momentum can take ETH to this level. This is a key level to exit most of the position or lock in more profits. Stretch Target: $4,000 - $4,200 – Ultimate price target based on the potential bullish reversal. If price approaches this level, full profit-taking is advisable as it would hit the channel’s upper boundary and a significant resistance area. Alternative Plan (If Breakdown Occurs): Short Position: If Ethereum breaks below $2,400, consider shorting ETH with a target toward $2,200 - $2,000 as a corrective phase could push ETH lower. In this case, place a stop-loss at $2,500, just above the breakdown level. Position Sizing: Risk only a small portion of your capital (e.g., 1-2%) based on the calculated stop-loss level to ensure risk management and preserve capital in case of invalidation. Ethereum is at a pivotal point within a descending trading channel. Current indicators suggest the possibility of a bullish breakout, but risks remain due to the general downtrend. The trading plan focuses on a conservative entry with clear stop-losses and take-profit levels to manage risk.
CRYPTO:ETHUSDLong
by elfabiiani
Coinbase (COIN): Strong push ahead after Bitcoin surge!After our last analysis on NASDAQ:COIN two months ago, we saw another leg down into the golden pocket and the imbalances we were watching. These got partially filled, reaching around 50%, which provided the necessary strength for a push higher. This recent jump is largely due to Bitcoin's rise over the past weeks, as Coinbase, being a major holder of Bitcoin, has directly benefited from this positive development. This surge was strong enough to invalidate the bearish trend on the higher time frame, confirming that a bullish sequence is now in play. The biggest and closest resistance ahead is the VAH (Volume Area High) traded since November 2023. With the RSI currently overbought and showing a bearish divergence, a pullback could be on the horizon. However, we aren't too concerned about this unless the price drops below $160.50. The bullish outlook will only be invalidated if it dips under $145. One thing to note about NASDAQ:COIN is its heavy correlation with Bitcoin, which introduces more volatility. The crypto market is also playing a key role in the U.S. elections, with both Trump and Harris addressing the sector. This could provide some tailwinds for Coinbase in the future. In terms of the broader outlook, the potential wave ((iii)) could see a rise toward $263-$323, though this will take time to unfold. Given the market dynamics, it's better to remain cautious, but the setup looks promising. Overall, we continue to monitor NASDAQ:COIN closely, but we are more inclined to invest in Bitcoin itself due to the inherent correlation and volatility with the stock.
NASDAQ:COINLong
by freeguy_by_wmc
BITCOIN IS THE KING. TECHNICAL ANALYSIS + TRADE PLAN!Falling Wedge Pattern: This pattern is a bullish reversal pattern typically seen in downtrends. It indicates that while the price is making lower highs and lower lows, the contraction of the wedge suggests weakening bearish momentum and a potential breakout to the upside. Rectangle Trading Pattern: This is a continuation pattern where the price oscillates between parallel support and resistance levels. A breakout from this range generally indicates the direction of the next significant move. In the provided chart, it appears Bitcoin is oscillating between a support and resistance line, forming a potential rectangle trading pattern. However, the falling wedge (marked with blue trend lines) is key to understanding a possible breakout scenario. Indicators Analysis: VMC Cipher B Divergences (Bottom Panel): This indicator suggests possible bullish divergences, where price makes lower lows but the indicator fails to follow, signaling potential upward momentum. RSI (14 Close): RSI shows moderate momentum, not yet oversold or overbought, providing room for either direction but with a bias towards a potential bullish push considering the context. Stochastic Oscillator: Currently in a neutral position but showing signs of turning upward, suggesting a near-term buying opportunity if the indicator crosses bullishly. HMA+ Histogram: Displays a mixed sentiment, with red bars indicating bearishness, but a possible reversal to green (bullish momentum) could be forming soon. Key Price Levels: Support: The critical support level at around $63,800, visible on the chart, could serve as a strong buy zone if Bitcoin retraces. Resistance: The rectangle’s upper boundary at approximately $72,000 - $75,000 is the key resistance level to break for a confirmed bullish trend continuation. Potential Breakout: The price action is currently at the upper limit of the wedge pattern, suggesting that a breakout is imminent. A bullish breakout could lead to a rally, potentially targeting the next psychological resistance around $80,000. A bearish breakdown from the current wedge could retest lower support levels at $63,800 or even lower toward $60,000 in extreme cases. Timing and Momentum: The presence of the clock and plane icons in the chart might suggest an expectation of a sharp move in the near future, likely pointing towards increased volatility. Time-sensitive action is expected soon, with a bias towards the upside given the current price position within the wedge and rectangle. Trading Plan: Entry Strategy Bullish Scenario: Buy Zone 1: Enter long on a confirmed breakout above $72,000, targeting $75,000 - $80,000. Buy Zone 2: Alternatively, buy the dip near $63,800 (key support), if the price retraces, with a tight stop loss below $62,000. Bearish Scenario: If the price breaks below $63,800, short positions could be considered with a target near $60,000, assuming no bullish reversal occurs. Exit Strategy Take Profit Levels: For long positions, scale out at $72,000, $75,000, and $80,000. For short positions, take profits in the $60,000 - $63,000 range. Risk Management: Set a stop loss just below key support levels (for long positions), such as $63,000, to limit downside risk. For short positions, place a stop loss above $72,000, in case of a sudden bullish breakout. Trade Duration: Given the contracting wedge and the signals from the indicators, the trade could last from a few days to a couple of weeks, with high volatility expected soon. Maximize profit opportunities in either direction while minimizing risk. Keep in mind to continuously monitor volume and volatility levels, as they could be decisive for breakout confirmation.
CRYPTO:BTCUSDLong
by elfabiiani
BTC flush plan: Scampendemic BTC long-term plan I call this a scampendemic pattern chart. Brought to you by BlackRock on a bigger scale. Summary: Short-term we have to test 62-63k then further move up until we break that 70k The best scenario is that they cause euphoria on reaching a new ATH. So I assume around 78-79k peak, then the big flush correction starts. Also, from 31/10 to mid-November, we reach the blow-off phase in timing analysis. In this phase, we will see alts doing big pumps and BTC in the range of 70k zone with new ATH around 78-79k. Then, the crash starts on the 29K—36k zone, and then the super cycle starts. Simple plan, yet no one will see this is coming.
INDEX:BTCUSD
by Nxgencrypto
1
The role of the StochRSI indicator Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Since the StochRSI indicator creates waves in any case, I think that using the StochRSI indicator can be of great help in predicting fluctuations. In that sense, we decided to use the StochRSI indicator again in the evaluation items of the BW indicator. If possible, we plan to finish modifying the indicator with this version. The indicators used in this BW indicator are MACD, StochRSI, OBV, and ATR. ----------------------------------------- (BTCUSDT.P 1D chart) After the price fell after October 20, the StochRSI indicator eventually fell from the overbought zone. After that, it is rapidly falling below the midpoint (50). As such, the closer the StochRSI indicator gets to the highest point (100), the higher the possibility of a large fluctuation when falling. Accordingly, you should check the position when entering the oversold zone or turning upward. Currently, there is a support and resistance zone formed in the 65568.1-65922.3 zone, so the point to watch is whether it can receive support and rise near this zone. If it falls below the 65568.1-65922.3 zone, you should check whether it can touch the BW (50) area or the M-Signal area of ​​the 1W chart and rise. To do so, you should check whether there is support near 61149.5-62839.8. - If it is supported and rises near the volume profile area of ​​66750.0, 1st: 67392.1 2nd: 68447.9-69020.1 You should check whether it is supported near the 1st and 2nd above. - If it touches BW (100) and falls, it is likely to touch BW (0). However, since it can rebound near BW (50), you can start trading depending on whether there is support near BW (50) for now. Since the BW (50) point on the 1W chart is formed at the 65568.1 point, when it shows support near 65568.1-65922.3, you should check whether the StochRSI indicator rises above the midpoint (50) and maintains the state of StochRSI > StochRSI EMA. - When the StochRSI indicator rises above the midpoint (50), you should start looking for a time to sell, and when it falls below the midpoint (50), you should start looking for a time to buy. The critical time is when it rises in the oversold zone or falls in the overbought zone. - Since the StochRSI indicator is showing a faster decline than the price, it seems likely to create a pullback pattern. If the BW indicator falls below the midpoint (50), the price may plunge, so be careful. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The next bull market is expected to touch 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
HARMONY ONE TECHNICAL ANALYSIS AND TRADE PLANE BY BFTechnical Analysis (4-hour chart) + TRADE PLAN by BF Pattern Identification: Falling Wedge Formation: The price is moving inside a falling wedge, typically considered a bullish reversal pattern. The wedge has defined support and resistance lines converging as the price moves downward, indicating potential upcoming breakout to the upside. Key Support and Resistance Levels: Support Level: Around $0.01287, highlighted as a solid base where buyers have historically stepped in. Resistance Level: Around $0.01528, marking a level where sellers may become more aggressive. This is a significant target if the wedge breaks to the upside. Volume Analysis: The volume seems to have been decreasing as the price has been moving within the wedge, which is common before a breakout. A surge in volume will be a strong confirmation of any potential breakout. Indicators: VMC Cipher_B Divergences: There are green dots visible at the bottom, indicating possible bullish divergences. These divergences suggest price momentum weakening on the downside, aligning with the falling wedge’s bullish potential. RSL (Relative Strength Level): The current value is 38.54, below the neutral 50 mark, which indicates bearish momentum. However, it's near the oversold territory, and any uptick from here could support a reversal. Stochastic RSI: At 5.65/8.79, indicating that the asset is in an oversold condition. This adds to the potential for a bullish reversal once the stochastic begins to turn upwards. HMA+ Histogram: The current histogram shows a shift toward a neutral or slightly bullish sentiment. The transition from red to green would be a strong indicator to enter long positions. Time and Potential Breakout Catalyst: There is a clock icon indicating a potential timing window, which may suggest that the breakout could be imminent. The combination of indicators and the falling wedge pattern suggests that a bullish move could be expected soon. Trading Plan: Long Scenario: Entry Point: A breakout above the wedge's resistance line and a confirmation above $0.01365 with a strong increase in volume. First Target: $0.01528 (immediate resistance level). This would likely be a conservative target as it corresponds to previous highs and the upper boundary of the range. Second Target: If the momentum continues strongly, the price could test the next level near $0.01600. Stop Loss: Place a stop loss below the current support at around $0.01250, to limit downside risk in case of a false breakout. Short Scenario (Alternative if Breakout Fails): Entry Point: If price breaks down below $0.01287 and volume increases on the downside. Target: Look for a decline towards $0.01200, which is a psychological round number and could act as support in a bearish scenario. Stop Loss: Above $0.01350, as a recovery above this level could negate the bearish breakdown. Risk Management: Risk no more than 1-2% of your trading capital per trade. Wait for clear confirmations such as volume spikes or candlestick pattern validation before entering trades. Harmony (ONE) is showing signs of potential bullish reversal with the falling wedge pattern supported by multiple indicators pointing towards oversold conditions. However, waiting for a breakout confirmation is essential before entering long positions. Proper risk management and trade discipline should be applied to navigate potential volatility.
Long
by elfabiiani
GOATSEUS MAXIMUS NO. 1 MEME COIN ATMTechnical Analysis + trade plan by Blaž Fabjan Rising Wedge Pattern A Rising Wedge is identified on the chart, which is typically a bearish reversal pattern in technical analysis. This indicates that the price could experience a short-term decline once the wedge breaks downwards, which is consistent with the message on the chart indicating a potential short-term decline. Support and Resistance Levels Support Level: $0.18047 (Key support zone where price could potentially rebound or consolidate). Resistance Levels: $0.58642: This level is a key point to watch for short-term profit-taking if the price rises. $0.99652: Long-term potential target for new All-Time High (ATH) based on the pattern after the short-term decline. Volume Analysis The Volume (GOAT) is showing 909.922K, suggesting strong interest and participation at the current price range. Volume needs to increase significantly to confirm any breakout from the wedge, either upward or downward. Divergence (VMC B Divergences) The chart shows the VMC B Divergences, indicating potential early signs of price reversal. Negative divergence here could indicate that momentum is weakening and aligns with the expectation of a short-term drop. RSI and Stochastic RSI RSI (14 period): 56.43 – This shows that the price is in a neutral zone, not overbought or oversold. Stochastic RSI (14, 1, 3): 94.16 – Indicates that the price is in the overbought zone, which could signal a pullback soon, especially as it is above 80. Hull Moving Average Histogram (HMA Hist) HMA Hist: It’s slightly negative (-0.00315), which can indicate early bearish momentum, supporting the idea of a short-term price decline. Trading Plan Scenario 1: Short-Term Decline and Rebound (Rising Wedge Breakdown) Entry: If the price breaks below the rising wedge, consider entering a short position around $0.50-$0.52, aiming for a decline towards the support level of $0.18047. Confirmation of the breakdown would be further decline in RSI below 50 and volume spikes on red candles. Profit Target: First profit target is around $0.18047 (support level), which offers a significant risk-to-reward ratio. Stop-Loss: Place a stop-loss just above the resistance at $0.58642 to limit potential losses in case of a sudden upward breakout. Indicators to Watch: Watch for a change in the RSI back towards 30-40 during the pullback, which could indicate oversold conditions and a potential reversal. Scenario 2: Upward Breakout After Decline (ATH Target) Entry: After the expected decline, if the price finds support near $0.18047 and starts forming a bullish reversal pattern (like a double bottom or hammer candle), look to enter a long position. Profit Target: First target is $0.58642, and the second is $0.99652 for a potential new all-time high (ATH). Stop-Loss: For the long position, place a stop-loss just below $0.18047 to protect against further downside risk. Indicators to Watch: Watch for RSI moving above 50 again and a bullish crossover in Stochastic RSI to confirm the bullish momentum shift. Risk Management Risk per Trade: Limit risk to 1-2% of total trading capital. Position Sizing: Adjust position size based on stop-loss distance and desired risk tolerance. Summary Short-Term View: Price could decline after breaking down from the rising wedge, aiming for the support at $0.18047. Long-Term View: After the expected short-term decline, a bullish reversal could target a new ATH at $0.99652, provided volume and momentum confirm the breakout.
Long
by elfabiiani