JUP SWING LONG IDEA - JUPITER COIN SWING LONG - SOLANA CHAINFundamental Analysis: JUP is the top DeFi project on the Solana chain. It’s a strong project and one of my favorite DeFi projects in all of crypto. I have confidence in their team and vision. Recently, we’ve seen strong momentum in JUP alongside SOL's bullish movement.
Technical Analysis: The price is coming from the monthly demand zone. The weekly demand zone supported the price after testing the monthly zone, and it has broken the diagonal bearish trendline that was responsible for the mid-term bearish trend.
We recently hit and got rejected at the diagonal trendline responsible for the long-term bearish momentum. I believe we’ll see a small retracement from here before taking off, potentially aiming for new all-time highs.
BTC-M
BTCUSDT Strong support at $65,000BINANCE:BTCUSDT on the daily timeframe is forming a descending broadening wedge, with the price currently testing the upper resistance trendline. This pattern often suggests a potential bullish breakout if the price successfully surpasses the resistance. The volume profile shows significant trading activity between $65,000 and $67,000, indicating this range as a key support zone. Additionally, lower trading volume above the current price may suggest lighter resistance if the price moves higher.
The $65,000 level is acting as strong support, while $69,000 serves as potential resistance. A breakout above the wedge could signal the start of a bullish rally.
Regards
hexa
the silent sweepgood eve'
i write to you today to warn of an upcoming descent in the market.
i'm not referring to anything extraordinary, just a minor stop-loss raid, below 50k.
over the last 9 months, there has been a significant influx of buyers in the range between 50k and 70k. everyone is bullish, and no one will anticipate this drop—except, of course, those who do.
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the entire structure can be labeled quite simply:
the area boxed in red was a leading diagonal (5 waves down)
the area boxed in green was a running flat (3 waves up)
the area boxed in blue is on the verge of becoming a regular impulse (5 waves down)
put it all together, and you have what we call a simple zig-zag .
---
once this straightforward correction concludes,
the real bull market can begin.
ask me about my upside target.
---
🌙
MSTU Oct 2024 -- an 8X+ BTC surrogate MSTU provides 2X on MSTR which invented the BTC-on-balance-sheet strategy.
MSTR has been providing approx > 4X on Bitcoin movements (up and down).
This means MSTU is providing > 8% X on BTC by % movements.
Today, 10/24/24, when BTC went up 1.93% MSTU went up approx 21%
Long Call options on MSTU further amplify this multiplier effect.
Not financial advice, Do your own research, Get in and out at the right times,
Your money; your decisions.
Support and Resistance Zone: 68393.48-69031.99
Hello, traders.
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Have a nice day today.
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(BTCUSDT 1D chart)
The key is whether it can find support near 68393.48-69031.99 and rise above 71280.01.
If not, and it falls, you should check whether it finds support near 65920.71-67414.39.
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You should check if the StochRSI indicator is rising in the oversold zone and if the StochRSI EMA falls below 50 and changes to the state of StochRSI > StochRSI EMA.
This is because you should check at what point support and resistance are received when the state of StochRSI > StochRSI EMA changes.
That is, if it shows support around 68393.48-69031.99, it is because it is a time when additional purchases can be made.
If it shows resistance around 68393.48-69031.99, there is a possibility of another decline.
This is because if you refer to the previous movement of the StochRSI indicator, it can lead to a movement similar to a double decline.
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Since it touched the BW (100) section (68393.48-69031.99), it is better to approach it from the perspective that it will basically fall.
However, if it shows a price maintenance in this BW (100) section and the StochRSI indicator shows an upward movement in the oversold section, the possibility of additional increase increases.
Therefore, you should check whether additional purchases can be made by checking whether there is support near 69031.99.
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Volatility may occur depending on the location of the StochRSI indicator.
- When the StochRSI indicator falls in the overbought section
- When the StochRSI indicator is near the 50 point
- When the StochRSI indicator rises in the oversold section
Volatility may occur in the three areas above.
Due to this volatility, you can know how the movement will proceed in the future by checking whether there is support at the support and resistance points drawn on the chart.
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I think the coin market is likely to continue its upward trend unless USDT gaps down.
The gap down of USDC is likely to eventually cause the coin market to fall in the short term.
Therefore, I think it is better to trade from a short-term perspective until USDC stops its downward trend.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend will begin when it rises above 29K.
The expected range to touch in the next bull market 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 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
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Eth Bounce On BtcEth approaches major support which should lead back up to 0.05 btc. Which will likely lead to another attempt at major resistance at 0.1 btc. If 0.1 btc breaks then eventually 0.79 btc will be the next major major resistance. In 2021 Eth cleared 0.03 without checking back into it testing it's support. This is the retest.
BTCUSD: This is just a huge Bull Flag on the way to 200kBitcoin just turned borderline bullish on its 1W technical outlook (RSI = 57.457, MACD = 2355.100, ADX = 20.299), which is very positive long term as the buyers are making their presence felt for the first time since March. Supported by the 1W MA50, it is a huge development that the 1W MACD has formed a Bullish Cross. The same set of formations occurred in April 2020. We believe the two patterns to be similar and this makes the 7 month Megaphone just a mid Cycle Bull Flag. The 2020 pattern peaked on the 2.0 Fibonacci extension. If that is replicated, then Bitcoin can break 200k by the end of 2025 (TP = 215,000).
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$BTCUSDT going downBINANCE:BTCUSDT
After the correction, the price remained under the resistance level and is now testing it.
Probably the decline is not over yet, but for further organic growth, it is necessary to correct even lower to form a reversal pattern.
Also, don't forget that there are a lot of stops placed at the top, which can be broken.
But for now I am sticking to the bearish scenario.
Bitcoin Weekly to Four Analysis: Everything To Know Good morning Trading family
So I created this video to figure out where we are currently at in Bitcoin in price but as well what levels can Bitcoin reach currently and what happens if Bitcoin reverses with the Bears
I try to go into full depth to give you some levels to look for to help you mark out good entry or short positions if you are shorting Bitcoin
If you like this video or found it helpful : like, comment, follow, boost I appreciate it all
Mindbloome Trading / Kris
Trade What You See
Bitcoin : Inverse head and shoulder pattern in the shorttermA reverse head and shoulder pattern has formed in the short-term BINANCE:BTCUSDT Bitcoin chart
This is a weak pattern, so you can be patient until you see a stronger and clearer pattern for confirmation
Trading Setup:
There is a Trading Signal to Buy in BTCUSDT Bitcoin (1h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 66700.0
⭕️SL @ 65600.0
🔵TP1 @ 69500.0
🔵TP2 @ 72000.0
🔵TP3 @ 74000.0
What are these signals based on?
head and shoulder pattern
Classical Technical Analysis
Price Action
Candlesticks
Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
AR Long Spot Trade (Low Volatility Expansion)Market Context: AR is holding above a critical level with low volatility, suggesting a potential expansion soon. This offers a good entry opportunity.
Trade Setup:
Entry: Around $18
Take Profit:
First target: $24
Second target: $30
Stop Loss: Below $16.5
This trade is positioned for potential breakout and expansion. #AR #Crypto #Trading #Volatility
10/23 5th time BTC rejected from 70k. Bullish? Overview:
The AMEX:SPY saw a healthy pullback of 0.9%, with a long wick touching levels last observed on September 26th. The index trended downward from the start of the trading session but rebounded sharply in the last two hours, doubling the volume seen earlier in the day. This surge formed a hammer candle—a bullish indicator, particularly when accompanied by increased volume.
Existing home sales in the U.S. dropped 1% from the previous month, reaching a seasonally adjusted annual rate of 3.84 million in September 2024, marking the lowest level since October 2010. Today, new home sales and initial jobless claims are expected, with forecasts set at 245k, slightly above the previous reading of 241k. If the numbers come in lower than expected, it would suggest the economy is not cooling sufficiently, potentially extending inflation.
This decline could be attributed to a rise in the 30-year fixed mortgage rate, which jumped 14 basis points to 6.82%, the highest since July 26 and a 71-basis-point increase since the Fed’s last major rate cut.
The likelihood of a rate cut in November has now dropped to 7%, influenced heavily by the Fed's upcoming reports. Given the weakening housing data, a rate cut may still be necessary to support the economy.
The recent market correction has exposed different strategies among ETF managers. BlackRock continues to buy aggressively, maintaining its purchase levels even after a 5% correction, keeping its stance bullish. Fidelity has remained neutral, staying on the sidelines since the peak of the current bull wave. ARK Invest, however, bought heavily at the top but is now selling during the correction, realizing losses. In summary: BlackRock is bullish, Fidelity is neutral, and ARK is bearish.
BTC TA:
W: BTC is slowly forming this week's red candle, but bullish hopes persist.
D: A significant correction unfolded, as the triple divergence likely completed. The day's wick dipped below $65.8k, then bounced off the 0.618 Fibonacci level, calculated from the bullish pump that began on Monday, October 14th. Despite the pullback, BTC showed higher volume and managed to recover. The final daily candle formed a bullish hammer, although the volume wasn't notably higher than the last two bearish days. As previously mentioned, as long as $62.7k holds, the bullish outlook remains intact.
Drawing trendlines for BTC this year shows the current upper boundary is slightly sloped downward—forming the top of what appears to be a bullish flag. It follows a large rally, with a slight pullback and consolidation, setting up for another potential breakout. Last Friday, on the 18th, the trendline was broken, suggesting a bullish confirmation if retested. However, yesterday’s price action pushed BTC below this trendline. Of course, the trendline could be adjusted to fit the bullish narrative, but the key level to watch is $66.5k.
4h: A sharp drop occurred yesterday, but most of it was recovered in the latter half of the day. This dip seems correlated with the S&P 500’s drop. BTC lost the local point of control at $66.8k but regained it. If bearish momentum continues this week without positive news, and if BTC falls below $65.8k, the next critical support is the yearly level of $62.7k. However, this would be the fourth or even fifth time this year that BTC has been rejected from $70k. If that happens again, will there be enough bullish momentum left to hold $62.7k? The candle that bounced off the 0.618 Fibonacci level formed a green hammer with above-average volume—a bullish sign.
1h: The hourly chart shows a V-shaped recovery, an uncommon pattern in market behavior. Beyond that, no additional insights.
Alts Relative to BTC: Interestingly, SOL has been rising while the rest of the market declines. Some attribute this to renewed interest in memecoins. However, popular Solana-based memecoins like WIF, BONK, and MEW are down, with only Popcat showing gains.
Bull Case: BTC faces rejection at $70k, followed by a deep pullback, and the Fed decides not to cut rates in November.
Bear Case: The Fed cuts rates, and BTC rallies.
Fear and Greed Index: The index is at 52, continuing its downward trend this week.
Opportunities : Check BINANCE:APTUSDT for a possible short opportunity. If SUI and TAO already corrected after their big pump, APT still wobbles at the top and recently posted bearish shooting star daily candle with high volume.
Trading Signal For BTCUSDT Trading Setup:
A Trading Signal is seen in the BTCUSDT Bitcoin (Futures) (1h)
Traders can open their Sell Trades NOW
⬇️ Sell now or sell on 67992.80
⭕️SL @ 69331.46
🔵TP1 @ 65151.64
🔵TP2 @ 63002.58
🔵TP3 @ 60532.69
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
BTC INTRADAY ANALYSISBTC/USDT Technical Analysis Intraday
Date: 10/24/2024
Author: Crypto Rado ( Rhino Aka Bear )
Timeframe: 1H & 15M
🔹 Overview:🔹
After completing the fifth wave in the Elliott Wave count, Bitcoin made a significant breakout of the green trendline. This move was followed by a bounce, confirmed with a bullish divergence on the 1H timeframe. The price reached the 0.5 Fibonacci retracement level, where a bearish divergence formed on the 15M chart, leading to a rejection.
Typically, after such a move, we expect a retest of the broken trendline or a support/resistance flip, where the previous resistance should now turn into support. This area aligns with the 0.61 Fibonacci retracement level from this recent pump, making it a key confluence zone for a potential entry.
🔹 The entry zone 🔹 is set between $66,250 and $66,000, with a stop-loss positioned at the previous low. If this setup holds, it could form a hidden bullish divergence, signaling continuation upward.
🔹The target price 🔹is set between $67,900 and $68,260, providing a solid profit zone for this trade. Given that the risk-to-reward ratio is moderate, I’ll be reducing my risk to generate quick gains and fund future trades with less exposure.
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
BTC/USDT Chart UpdateBitcoin's price has slightly increased to around $67,312.72 after facing resistance near the $72,000 level. Despite the minor retracement, the bullish structure remains intact, with strong support around the $64,000 to $65,000 range. The chart suggests a consolidation phase near current levels, with a potential bullish breakout if the price moves past the resistance zone.
The projected upward curve indicates that the price could see another upward movement targeting $76,000 and higher. Key support levels to monitor include $64,000 and below, where buying interest may re-emerge to push the price back up.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Not hurry up with a new longMorning folks,
So, Monday's setup is done perfect, we've got long entry around 66K support area as we've planned. But next step currently is not evident.
The point is that the retracement starts across the board - DXY, FX, Gold, Bonds etc... BTC in recent few weeks had a bit special performance. And mostly it was moving higher on D. Trump crypto programme.
Currently we wouldn't hurry up with a new long entry. Those who bought around 66K could keep positions with breakeven stops.