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Bullrun

23/09/24 Weekly outlookLast weeks high: $64,141.61 Last weeks low: $57,492.86 Midpoint: $60,817.24 Pattern continuation for Bitcoin from the week that came before last, steady and constant move up +11.55% from week low to high. The FOMC was the big talking point of the week, would the FED cut 25bps or 50bps, the answer was 50bps with a view to stay ahead of the curve. Making the rate of borrowing cheaper incentivises risk-on investment and so we have seen the start of that with the recent move up from the midpoint/ Having said that, typically when the week starts by swing failing the previous weeks high that often leads to a sell off week historically. This would go against the larger macro narrative that the market is turning back bullish after 6 months of chop. If anything this is the perfect test for Bitcoins resolve, if it overcomes a swing fail and continues a move up then the sentiment and macro outlook will be very positive going into Q4. $65,000 is still major resistance and should be the bullish target to flip this week. The altcoin market is starting to wake up, should BTC accumulate around the $65,000 area I'd like to see alts/TOTAL3 playing catch-up. If BTC flips the $65,000 with strength we are off to the races.
by ProR35
BTCUSD Outlook - Heading to 65K Before a Correction?GM crypto bro's, back to this harsh reality. The morning starts with the Fear and Greed Index sitting at 50 in the neutral zone, while the stoch RSI remains in the overbought area. Today's BTC price action seems reluctant to correct for now, maybe preferring to hit the 65K - 66K range first, considering the Fear and Greed Index hasn't entered the greed zone yet. Usually, there's a higher probability of correction when the market is in greed. But let’s see how the crypto market mood plays out today. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
WU Breakout & retested descending wedge 400%+ target The chart presents a descending wedge pattern, a typical bullish reversal setup. A clear breakout from the wedge has occurred, followed by a successful retest of the breakout level, confirming upward momentum. This breakout is supported by bullish divergence on the RSI, signaling a shift in momentum to the bulls. After the breakout, the price has entered a resistance area. This zone will be critical to watch as price action here will dictate the continuation of the trend. A clear break above this resistance would indicate further bullish continuation & a good second entry into a position with stop loss below the wedge. For an entry strategy, a long position can be considered on a retest of the breakout zone, now acting as support around $0.2667. A stop loss can be placed below this level to manage risk in case of a false breakout. The take-profit targets would be the previous wedge high and the higher Fibonacci extension levels. This is a swing trade setup which coincides with the bull run. I would expect to be in this for many weeks. Trading is like surfing — fun, but you might wipe out. This isn’t professional advice—always do your own research and consult a pro before diving in!
by Blockbullder
DOGEUSD – Cup and Handle Breakout: Scalping to the 0.618 Fib Well, it looks like DOGE has broken out of the cup and handle pattern we were watching. With this breakout, the next immediate target is the 0.618 Fibonacci retracement level at $0.116, which represents a potential 10% move from the breakout point. This level is crucial for traders looking to scalp quick profits before deciding on further direction. Given the strength of the breakout, there’s a good chance we’ll see the price push up toward the 0.618 Fib level. If you’re looking to scalp, this move offers a solid short-term opportunity. However, watch closely for any signs of a reversal or hesitation around this resistance level – breaking through it could lead to further gains, while rejection might pull us back to test previous support levels. In short, with DOGE pushing past the handle breakout, a scalp to $0.116 is looking like a good setup for a quick 10%. Keep an eye on momentum as we approach this key resistance level.
BINANCE:DOGEUSDLong
by Blockbullder
DIONE 1H BULL FLAG?Potential bull flag setup on DIONE/USDT 1H TF. A very exciting L1 project using 100% renewable energy. IMO it's one to watch going into 2025, being environmentally friendly fixes the ethical argument that crypto is bad for the environment, this could be a massive pro for the project going forward when the L1 choice will narrow down as the winners rise to the top during the adoption phase. For now on the 1H TF there is a potential bull flag breakout LONG setup. After a strong rally price has been accumulating with Lower highs and Higher lows, compressing waiting to expend in either direction. TA suggests a bull flag should be a continuation to the upside. This would be backed up by the 1D chart where price is above the daily support & 1D 200EMA, the draw on liquidity should now be above so this suggests a bullish continuation. For DIONE to breakout below it would have to lose the 1H 200EMA while it's in a steep uptrend. I think that would have to come from BTC nuking and with FOMC that's possible due to volatility of news events, however it is less likely than the bullish scenario IMO.
by ProR35
SUI/USDT 1D SUI has been one of the better performing L1's and altcoins in general in the last 6 months that BTC has been chopping/ranging. There are a few key points on the SUI chart that catch my eye: - 1D 200EMA is now flipped bullish with a strong reaction after flipping the level, this shows buyers are confident in the project and happier to buy at higher levels, instead of waiting for a pullback for example. - Clear Higher high and higher low structure indicating a bullish trend on the daily. Invalidations are more obvious when a structure like this is broken. - Plenty of room to grow going into Q4, the range is clearly mapped out with key Orderblock levels that will more than likely be resistance levels and so they are the targets to take profits, hedge or de-risk while assessing where SUI will go. With this being SUI's first Bullrun history shows the newer projects do better off in terms of ROI that's if they survive, from what we have seen so far this cycle I believe SUI will be a strong project going forward.
by ProR35
Blast breakout, retest needed before 220% targetAnalysis: BLAST has broken out of the wedge, which suggests a potential rally. Post-breakout, we often see a retest of the upper boundary of the wedge, which could offer a strong confirmation of the breakout. After the retest, price is expected to rally back towards the top of the pattern. Entry Point: DCA (Dollar-Cost Averaging) Entry Zone: Marked around $0.01012, this was an optimal entry point for traders looking to go long as the breakout began. It allowed traders to accumulate gradually as the price confirmed the wedge breakout. Take Profit Levels: Take Profit 1: Set at $0.01942, offering a 150% gain from the wedge breakout. This is the first major target, where traders could consider taking partial profits. Take Profit 2: Positioned at $0.02469, representing a 220% gain from the wedge breakout. This level aligns with further resistance and could act as a final target for this trade. Conclusion: The chart suggests a strong bullish move following the breakout of the descending wedge. Targets of 150% and 220% gains are set, with a potential retest of the wedge boundary before a further rally. For those who missed the initial entry, keeping an eye on the retest for a new entry opportunity is crucial.
by Blockbullder
BITCOIN VS U.S. DOLLAR! BULL RUN??Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! Understanding the Inverse Correlation As you correctly noted, Bitcoin (BTC) and the US Dollar Index (DXY) often exhibit an inverse relationship. When DXY weakens, BTC tends to appreciate, and vice versa. Analyzing Recent Trends DXY Breakdown: DXY is currently showing signs of a bearish breakdown from a symmetrical triangle on the weekly timeframe. This suggests potential further weakness in the US Dollar. BTC Bull Flag: Bitcoin is forming a bullish flag pattern on the weekly timeframe, indicating potential upward momentum. Potential Outlook The combined analysis of both DXY and BTC suggests a favorable environment for Bitcoin. A breakout from the bullish flag, coupled with a weakening US Dollar, could lead to significant gains in the coming months. What are your thoughts on BTC's and the U.S. Dollar Index's current price action? Do you see a bullish pattern in BTC? Share your analysis in the comments below!
BITSTAMP:BTCUSDLong
by CoreCrypto1
Pepe to hit new ATH this cycle with 350% gainThe chart displays a strong technical setup for PEPE (PEPE/USDT), featuring a Symmetrical Triangle formation alongside a repeating fractal pattern with hidden divergences in the RSI. Below is a detailed breakdown of the key elements and potential price targets: 1. Fractal Pattern & Hidden Divergence • A fractal pattern earlier in the chart preceded a sharp price increase, reflecting the asset’s parabolic movement during prior bullish cycles. • The hidden divergence seen in the RSI during that time indicated bullish momentum, with price making higher lows while the RSI formed lower lows. This was a strong precursor to the price rally, reinforcing the validity of the current fractal setup. 2. Symmetrical Triangle Formation • The chart shows a symmetrical triangle, a classic consolidation pattern that usually results in a breakout. • The price is currently coiling within the triangle, tightening toward the apex, signaling a potential breakout. If the breakout occurs, a substantial price movement could follow, likely to the upside due to the bullish divergences. 3. Hidden Divergence (Again) • The RSI reveals another hidden bullish divergence, where price maintains its lows while momentum picks up. This suggests a strengthening trend that could push the price higher once the triangle resolves. 4. Fibonacci Extensions & Price Targets • Key Fibonacci levels provide potential price targets for a breakout: • 1.272 Fib at 220%: This is the immediate breakout target, around $0.000002485587, offering a solid potential upside. • 1.618 Fib at 350%: This level, near $0.0000035396068, aligns with the prior fractal price peak. • All-Time High (ATH): The ultimate bullish target is around $0.0000018024355, which could be tested in the event of a sustained breakout. 5. Price Projections • Short-Term Outlook: PEPE is currently consolidating within the triangle. If it breaks to the upside, the immediate target would be around $0.0000018024355, which represents a 133% gain from the current price and aligns with the previous all-time high (ATH). • Medium-Term Outlook: After reaching the ATH, the next significant target would be the 1.272 Fib extension at $0.000002485587 (220% gain). This level is crucial as it often acts as a point of resistance during breakouts and can determine the sustainability of further upward momentum. • Long-Term Outlook: In the case of a major breakout, we could see PEPE pushing towards the 1.618 Fib extension at $0.0000035396068 (350% gain). This would mark a significant new all-time high and represents the full potential of this technical setup, especially if market conditions remain favorable for continued bullish action. Conclusion The combination of the Symmetrical Triangle pattern, hidden RSI divergence, and repeating fractals creates a high-probability bullish scenario for PEPE. The breakout targets include $0.0000018024355 (previous ATH), $0.000002485587 (220% extension), and $0.0000035396068 (350% extension). Watching for volume confirmation and market sentiment will be crucial to validating the breakout.
CRYPTO:PEPEUSD
by Blockbullder
BITCOIN $94K to $145K !!🌱 BTC exit plan strategy - Currently in larger degree of Wave 5, which is the shortest dated and most aggressive wave up. I'm expecting it to peak around $94k to $100k being an achievable target with an optimistic target of $145k. After that, we'll probably see a distribution phase driven by euphoria--think soft landing hype and trump's crypto endorsements. As BTC hits those highs, altcoins are likely to catch all the liquidity and start outperforming. When the bullish sentiments peaks, that's probably the real-mid cycle top everyone's been talking about. I also think that this consolidation phase lasted for so long, so when BTC breaks out of this range, it creates a MASSIVE EMOTIONAL GAP and everyone will start FOMO-ing in.
BITSTAMP:BTCUSDLong
by chase_ID
2
Crypto Alternatives Reaching Extremes Please study and look back on the history of CRYPTOCAP:OTHERS.D This trendline has acted as major support with each touch marking key reversal points of alts before moves higher or at the very least moving away from their lows. Light blue is CRYPTOCAP:OTHERS with the grey boxes marking the touch points and the yellow vertical lines being the BTC halving dates. I believe we are here in the cycle with regards to alts and BTC: Last cycle we had a shorter bottom base and accumulation period followed by a longer consolidation period before the halving. This time around we see longer bottom base and somewhat shorter consolidation period these past 5 months. The white dashed line marks the mid line of the bottom base and then price recovering back into the high liquidity/ consolidation zone. And it just so happens that we're in a better setup this time around than last cycle imo. Super HTF head and shoulders: 2019: 2024: Current BTC outlook: IMO any bids of strong alts or only the majors in this 1.5T to 2T zone is a great entry. You can see I included the google trend plot for the search "bitcoin" which is good gauge of sentiment, interest, and tops/ bottoms. Buy when no one is talking about it or cares. Sell when interest peaks and everyone is talking about it. A lot left in this cycle IMO but it will take some time for things to play out.
CRYPTOCAP:OTHERS.DLong
by bhx10
1
220% for Fet in 50Fet's looking to lead the AI charge in the coming weeks we have : Reverse Head & Shoulders: • We’ve got a clean Reverse Head & Shoulders pattern in play, which signals a strong bullish reversal. The base sits just above 1.00 USDT, and we’ve already seen a breakout confirmed at 1.309 USDT. This setup is often the precursor to a significant upward move. Price Targets: • First target sits at 2.032 USDT, a solid 58% gain from the breakout point. • Beyond that, we’re looking at a long-term target of 4.180 USDT, marking a 220% potential increase. This target aligns with the projected upper channel, showing a clear path if bullish momentum continues. Volume & Momentum: • Volume is backing up the move—strong buying pressure is evident with a notable increase in green volume bars. • The momentum indicators (likely MACD) are also bullish, reinforcing the strength of the breakout. This suggests there’s still room for the trend to run further. Historical Reference: • On the right side of the chart, there’s a past pattern with similar price action. After consolidating for 45 days, the price moved sharply higher. While past performance isn’t a guarantee, it’s definitely worth noting the similarities. Strategy: • For those looking to enter, a re-test around 1.309 USDT (now support) offers a solid entry point. • A break above 2.032 USDT could ignite further momentum, potentially driving price toward 4.180 USDT in the coming weeks or months. Watch for sustained volume and bullish momentum to confirm the trend. Summary: Fetch.AI is setting up for a strong move, with a clear bullish pattern and solid upside targets. If momentum continues, the next few weeks could see substantial gains. This is a trend worth watching closely.
Long
by Blockbullder
BITCOIN DOMINANCE UPDATE: WHEN ALTSEASON?Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin Dominance is a key indicator for potential altcoin seasons. While there's been anticipation, the market hasn't shown significant changes yet. Let's analyze the Bitcoin Dominance chart for clues. On the weekly timeframe, Bitcoin Dominance has formed a large rising wedge pattern and is approaching strong resistance. This level acted as support in 2019-2020 but has now turned into resistance. We're currently in a potential "maximum pain zone." This period can present opportunities to accumulate promising altcoins for potential gains during the upcoming bull run. Important to note: Accumulating now might involve short-term losses of 20-30% due to market manipulation. However, the potential for 20x-30x returns during the bull run makes this risk worthwhile for some. Key Takeaway: Seize the Opportunity: Start accumulating quality altcoins now to capitalize on the potential bull run. Embrace Risk: Be prepared for short-term losses to reap long-term rewards. Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
CRYPTOCAP:BTC.DShort
by CoreCrypto1
9