🔥 Ethereum ETF Hype At The PERFECT Moment: Time To Shine!Now that BTC's spot ETF is officially live, investment banks like Blackrock have already started talking about a potential ETH ETF. Interestingly enough, this happened at the perfect moment, TA-wise.
Right as the ETH/BTC valuation has hit a major support, bullish ETH news comes in, which naturally has lead to a big bounce in the ETH/BTC price (ETH is outperforming BTC). What a coincidence...
With ETH getting it's time in the sun, we might actually confirm the bullish channel on the ETH/BTC pair and continue the bullish trend all the way towards the top resistance. With ETH's ETF to be announced, this value will likely continue to go up.
Do you think ETH will outperform BTC over the next few months/years?
Btc-usdt
BTCUSDT.4HBased on the market data provided, Bitcoin (BTC) is currently priced at $46,490.00. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 59.59, 65.19, and 84.81 respectively. This suggests that the cryptocurrency is neither overbought nor oversold in the short term (4 hours) and medium term (1 day), but it is significantly overbought in the long term (7 days).
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 516.0, 1073.01, and 4620.01 respectively. This indicates a bullish signal as the MACD is above the signal line.
The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 47900.0, 46800.0, and 49000.0 respectively. The current price is below the upper band in all these periods which suggests that BTC is not overextended.
The support levels for 4 hours, 1 day, and 7 days are $43,800.0, $43,800.0, and $40,120.0 respectively for the first support level and decrease further for the second and third support levels. The resistance levels for 4 hours, 1 day, and 7 days are $48,000.0, $48,800.0, and $51,800.0 respectively for the first resistance level and increase further for the second and third resistance levels.
In conclusion, the technical analysis suggests a bullish trend for BTC in the short and medium term. However, the high RSI in the 7-day chart indicates that BTC is overbought in the long-term and may experience a price correction. As always, it's important to consider other market factors and your personal risk tolerance when making investment decisions.
BTCUSDT.3HBased on the provided market data, the current price of Bitcoin (BTC) is around $44,021. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day periods are 54.49, 58.83, and 82.46 respectively. The Moving Average Convergence Divergence (MACD) for the same periods are -20.68, 709.42, and 4194.00 respectively.
The RSI values indicate that Bitcoin is neither overbought nor oversold in the short term (4-hour and 1-day), but it may be considered overbought in the longer term (7-day). The MACD values indicate a bearish trend in the short term (4-hour) but a bullish trend in the medium and long term (1-day and 7-day).
The price is currently below the Bollinger Band (BB) for all three periods, which could suggest that the price is relatively low, though this alone should not be used to predict future price movements.
The support levels, which represent potential 'floors' in the price, are at $42,081 (4-hour), $41,300 (1-day), and $40,200 (7-day). The resistance levels, or potential 'ceilings', are at $44,748 (4-hour), $45,950 (1-day), and $48,400 (7-day). These levels can be used to identify potential entry and exit points for trading.
In conclusion, the market data suggests a mixed picture for Bitcoin. While the RSI and MACD suggest that Bitcoin may be overbought in the longer term, the BB and current price suggest that it may be undervalued in the short term. Furthermore, the support and resistance levels suggest that there may be opportunities for both buying and selling. Therefore, a potential strategy could be to buy Bitcoin if it dips towards the support levels, and sell if it rises towards the resistance levels. Of course, this analysis should be combined with other forms of analysis and individual risk tolerance before making any investment decisions.
🔥 Bitcoin Break Out! 2024 Starts Off AMAZING 🚀Over the last couple of weeks I've been posting a lot of analyses on Bitcoin's bull-flag pattern. My expectation was always that the price would break out through the top resistance, with a target of 48k.
As of this morning, BTC has rallied hard on bullish ETF news. The break out is strong with a lot of volume, so 48,000$ seems imminent at this point.
Why 48k you ask? Well, it's the strongest resistance area before the all-time high. If the bears will fail to defend 48k, chances are were going straight to new all-time highs. For now I'm bullish untill 48k, neutral at 48k, and bullish again if we manage to break through 48k.
To all patient bulls: congratulations. The trend is your friend. But be wary, the bears might be lurking at 48k.
Why BITCOIN ain’t going to 100k by 2024Evening fellas, and happy new year.
I figured I’d leave a final post to wrap up the year and throw a cold bucket of water at some people out there.
This right here, is the reason Btc ain’t going to 100k next year or anytime soon.
Impossible.
I didn’t long, I didn’t short this coin I missed out both ways, but check it for your own sake and let me know what you think.
I ain’t god, just a simple trader making his little money here and there but when it comes to trust, I trust myself only. And not the idea that btc and the crypto decentralized market fails to provide.
Trade thirsty.
🔥 Crypto Will Be Fine: Yearly Candles Predicted A Good 2023In this analysis I want to take a look at one of my more popular analyses that I did in December 2022.
The analysis was simple: one red year means three green years for BTC. My expectation was that BTC was going to perform well in 2023, which was quite a contrarian thing to say back then.
For fun, take a look at the comment section and see how many people were bearish at 17,000$. Traders have a tendency to short bottoms and long tops.
One year later, and BTC is trading at roughly 2.5x from a year ago.
One year from now, we will likely be trading above 42.7k. 2025 will be a great year as well, 2026 will be another bear market.
Long-term trading is easy if you know where to look.
BTCUSDT.4HBased on the provided market data for Bitcoin (BTC) against Tether (USDT), the current price of BTC is $42,635.
On a 4-hour timeframe, the Relative Strength Index (RSI) is at 41.78, which indicates that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at -159.0, suggesting a bearish signal. The Bollinger Bands (BB) are at 43432.0, indicating a potential resistance level. The support and resistance levels are between $41,000 and $44,380 respectively.
On a daily timeframe, the RSI is at 54.25, which is a neutral reading. The MACD is at 771.0, indicating a bullish signal. The BB is at 44700.0, suggesting a higher potential resistance level. The support and resistance levels are between $39,032 and $45,700 respectively.
On a 7-day timeframe, the RSI is at 80.27, indicating an overbought market condition, which may suggest a potential price correction. The MACD is at 4029.0, which is a bullish signal. The BB is at 46311.0, indicating a higher potential resistance level. The support and resistance levels are between $31,769 and $47,150 respectively.
Based on these indicators, the market seems to show mixed signals. The short-term (4h) and mid-term (1d) indicators suggest a bearish sentiment, while the long-term (7d) indicators suggest a bullish sentiment. However, the overbought condition in the 7-day RSI might suggest a potential price correction.
Investors should consider these mixed signals and their risk tolerance before making investment decisions. It might be wise to wait for more bullish confirmations on shorter timeframes or for the overbought condition on the 7-day timeframe to cool off.
Please note that this is just a technical analysis and it doesn't take into account any fundamental factors which could also impact the price. Always do your own research before making any investment decisions.
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!It's that time of the month again, time for the last Crypto Fiesta of 2023!
Short-term view
Bitcoin looks bullish. Long-term trend is 100% bull, but we might be seeing some headwinds in the near future. 48k remains my target. This will be the strongest area of resistance before the all-time high region.
Bullish ETF news keeps coming in. Seeing that we've rallied this far without the ETF actually being approved makes me wonder if it will be a "buy the rumor, sell the news" kind of event.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content🙏
BTCUSDTBased on the provided market data, the current price of Bitcoin (BTC) against USDT is $42,199. On the 4-hour chart, the Relative Strength Index (RSI) is at 50.49, indicating a balanced market. The Moving Average Convergence Divergence (MACD) is at 103.03, suggesting a bullish trend. The Bollinger Bands (Bb4h) are at $43,386, indicating a potential resistance level. The support levels on the 4-hour chart are $41,990, $40,946, and $40.198, with the resistance levels at $43,349, $44,268, and $44,800.
On the daily chart, the RSI is at 62.61, indicating a slightly bullish market. The MACD is at 1166.03, suggesting a strong bullish trend. The Bollinger Bands are at $45,625, indicating a potential resistance level. The support levels on the daily chart are $41,954, $38,500, and $35,600, with the resistance levels at $45,521, $46,700, and $49,300.
On the 7-day chart, the RSI is at 80.03, indicating an overbought market and potential for a price correction. The MACD is at 3884.03, suggesting a strong bullish trend. The Bollinger Bands are at $44,900, indicating a potential resistance level. The support levels on the 7-day chart are $32,500, $24,900, and $19,600, with the resistance levels at $48,800, $52,900, and $60,000.
In conclusion, the market data suggests a strong bullish trend for Bitcoin in the short term. However, the high RSI on the 7-day chart indicates that the market is overbought, which might lead to a price correction in the near future. As always, it's important to consider other factors and use proper risk management strategies when trading.
🔥 Bitcoin Bullish Support Holding: Wait For Break OutBTC has been consolidating for over a week at this point. Some form of consolidation was to be expected after the massive move from 36.7k to 44.7k.
To me, it looks like BTC is bouncing off the bottom support yet again. This support has been holding for over 3 weeks now and was due to be retested.
I'm waiting for the price to reach above 42.2k to confirm the break out through the top resistance, short term target placed at 44.7k.
🔥 Bitcoin Bulls Are Back: Faked Out Bears In my most recent BTC analysis I discussed a potential break through the top diagonal resistance. This signal got cancelled because BTC fell through the bottom support, but this ended up being a fake out. Bears thought they got the overhand, but apparently not...
Previous signal is being reactivated. If we can close a 4H candle above 42,750$, I'm interpreting that as a break out through the top resistance of the triangle with a target of 44,700$.
Furthermore, this break out could be the final break out of the consolidation period we've seen over the last two weeks. Things can heat up going into the new year, with the period between Christmas and NY historically being bullish.
Bitcoin(BTC): Pumped 6% - Near our ResistanceFourth Day: Price has had a nice bounce from near the FVG zone (at $40K), where so far we have had a nice 6% market price movement!
This being said, we are getting closer and closer to our major target of $44,500, which should determine the next major movement. As you all remember, we are waiting for more bearish scenarios to occur near this zone, but let's see what we will get once we are near it!
Greed and Fear Index: Still Greedy and growing (72)
🔥 Bitcoin History Repeats! Fractal Correctly Predicted Pump 🚨Last week I made an analysis on BTC where I compared the current state of the market with two historical patterns. The pattern that I'm talking about is a bullish channel after a big pump that results in another big pump.
Seeing how the market historically behaved, I made the assumption that BTC would follow this fractal and break out of the channel in the near future.
One week later, and BTC has successfully broken out of the channel, as predicted by this fractal analysis.
As described in my analysis below, I'm currently looking at 48k as the next target. Seeing how these fractals historically behaved, 48k should be fairly easily reached?
Share your thoughts in the comments. Are we going straight up, or do you expect a correction?
BTC/USDTHistorically, in each bear market cycle, the subsequent crash below the 200-week moving average (WMA) tends to be deeper than the previous one. This pattern indicates a looming possibility of another drop below the 200 WMA before reaching a bottom.
You're highlighting specific patterns on the chart, particularly the ending diagonals in 2018 and the current market movement. According to your analysis, these ending diagonals have typically been followed by intense movements in the opposite direction. Additionally, you're mentioning that the five waves from the prior bull market formed a terminating wave due to the retracement of wave 2 being over 67% of wave 1. This suggests that the bull market from Bitcoin's inception might be considered finished, and any future rally might not surpass the previous all-time high until a complete reset of the entire bull run.
Based on Steve Courtney's theory about the 5.3 ratio predicting Bitcoin's bull market tops, if the next bottom is around 13.6k in 2024, then the projected top might reach around 70k, not surpassing the previous all-time high.
It's an intricate analysis that considers past trends and patterns to forecast potential future movements in the crypto market. These interpretations might not align with more optimistic viewpoints that disregard potential downward movements.
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
🔥 Bitcoin Uptrend Still Intact: Bearish Binance NewsToday we had a big bearish headline about Binance, the biggest crypto exchange in the world. The US Government is charging Binance with the following:
• Conspiracy
• Conducting Unlicensed Money Transmitting Business
• Violating International Emergency Economic Powers Act
This has resulted into CZ, CEO of Binance, stepping down as part of the settlement. Furthermore, Binance has to pay a small sum of 4.3 billion dollars fine.
Naturally, the markets reacted bearish. This move was exaggerated by the high amount of open interest (leverage) being in the market, making dumps like these quick and deep.
The long-term uptrend is still intact. Wouldn't be surprised at all if Bitcoin would see a move towards 39k from here, but there's some minor risks in the market that we can't ignore. Worst case for the bulls would be a move towards the bottom purple support. As long as this holds, bulls have the short-term advantage.
BTCUSDT.1DBased on the provided market data, the current price of Bitcoin (BTC) is $36,095. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 50.06, 68.12 and 74.52 respectively. RSI value above 70 usually indicates that the market is overbought and may be primed for a trend reversal or experience correction, so BTC is nearing that condition on the 1 day and 7 days charts.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day and 7 days are -221.37, 1475.98 and 2014.21 respectively. The negative MACD on the 4-hour chart suggests the market is bearish in the short term, while positive MACD on the 1 day and 7 days charts indicates bullish in the longer term.
The Bollinger Bands (Bb) for 4 hours, 1 day and 7 days are 37836.0, 37582.0 and 36840.0 respectively. The price is currently below the upper band in all three periods, indicating it's not overbought.
The supports for 4 hours are $35,380, $34,128, and $33,355, while the resistances are at $37,960, $38,936 and $40,000. For the 1 day period, the supports are at $33,400, $32,158 and $30,000, with resistances at $38,000, $42,880 and $40,500. For the 7 days period, the supports are at $29,630, $25,177 and $22,860, with resistances at $40,500, $44,800 and $48,000.
In conclusion, the market data suggests a mixed signal with short term bearish and long term bullish trends. The market is nearing overbought conditions which could lead to a price correction. Traders should exercise caution and consider their risk tolerance and investment objectives before making a decision.
DCR LONG POSITION
#Dcrusdt
#Dcr
#Longposition
#Profit
#Profitable
#Btc
#Usdt
Based On Market Structure We Conduct A Long Position From This Liquidity Levels
Entry: 13.11 - 12.92
Take Profit: 16.09
Stop Loss: 12.67
Advisor Legal:
Recommend Capital Allocation:
Open P&L: 1.39
Risk/ Ratio: 6.48
#Decred #DCR #DCRUSDT #cryptotrading #longposition
Decred (DCR) Technical Analysis - Long Position Update
Based on the current market structure, I have decided to hold my existing long position on DCRUSDT. This trade was entered between $13.11 - $12.92 as described in my previous analyses.
The trade now has an open profit/loss of 1.39% and a highly favorable risk/reward ratio of 6.48. This means the potential upside is over 6 times greater than the risk on the trade.
My take profit target remains at $16.09, just below a key resistance level. I will look to book partial profits at $15.50 and trail the rest.
The stop loss is still in place at $12.67 which allows room for normal price fluctuations while limiting downside risk.
I will continue holding this low-risk, high-reward long position as long as the bullish structure remains intact. Signs of a trend reversal would be a break back below $13.
As always, proper capital allocation is key. I have limited my position size to 5% of capital to align with my risk management strategy. Strict risk control is vital for long-term trading success and profitability.
Overall, I remain bullish on DCRUSDT and expect further upside from this profitable long position. I will post updates as the trade progresses. Let's see how high Decred can run!