BTC Retest to $50k zone & then rides wave 5 to $57k +Bitcoin is exhibiting signs of convergence, marked by the formation of a bull flag alongside an Impulsive Elliot Wave, suggesting a potential rise in price action towards the $57,000 region. Additionally, the presence of a Fractal pattern hints at a significant pullback following the completion of this sequence.
Bullrun
BTC and ETH Leading the bull chargeI am closely watching BTC and ETH for the run-up in 2024. I prefer to invest my money into ETH and stake for Steth or ETH rewards from Lido or Gemini. Currently, look at new targets at 1.618 for both charts.
This is the beginning of the real upside before seeing any downside. Accumulating ETH at these levels. No one is watching Ethereum as much as BTC and some altcoins, so it's an excellent asset to accumulate.
In the past years, watching the relationship between BTC and ETH market caps, ETH usually stayed at least 50% of BTC's market cap. This is not to say that it can match the trend completely because the market cap changes over time, but if ETH is going to stay number two, it will need to widen the cap between the market cap of #3.
19/02/24 Weekly outlookLast weeks high: $42846.80
Last weeks low: $50286.30
Midpoint: $47725.79
BITCOIN has finally done it! BTC has flipped the all important 49K S/R level and has had a week of confirmation meaning 49K is now major support and a new trading zone has been entered.
Last week we saw BTC continue the rally that started the week previously with a near linear move up towards the resistance level, now the chart shows at the 0.25 level price broke through that level and had a successful retest followed by a further push up towards just shy of 53K . This price action initially took capital and interest away from the altcoin market, however now that we have some sideways chop as BTC establishes a base for which it can push towards the halving and ATH, some of those profits have now cycled through to ETH and the altcoin market with some double digit returns across the board.
All this price action is very bullish from a TA standpoint along with the FA side of things with BlackRock now owning MUN:10B + in BTC for their ETF the sell pressure has definitely dropped and with the halving fast approaching the supply will drop even more.
For this week I would not be surprised if we see a revisit of the midpoint ~$50K area and continue ranging for a little bit while altcoins rally and play catch up. In particular the AI coins have shown particular strength and I do think this category of altcoins will outperform a large portion of the market. I would begin to get worried if we see BTC fall back below the 49k range although the longer we stay at the current level I think the less likely that is to happen.
ETH - Be Careful - OverBought Zone Ahead 🛑Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #ETH.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Degrees of BTC Know Your EnvironmentWhile crypto is an emerging technology sector as a whole, it is important to remember that BTC is a maturing 13-year-old asset.
Using a logarithmic chart of Bitcoin going back to the beginning, it is not hard to see the perfect curvature of price action as it searches for its fair market value.
Simple line tool measurements of the time vs. price increase of each bitcoin bull run show a stunning relationship of exactly 15 degrees of momentum loss from each exact bottom to the next exact high.
This is a monthly Bitcoin all-time history bar chart. Using the line tool and magnet, simply draw a line from each low to the next high. Use the line tool options to display the stats on-screen with the angle. If you zoom in or out, the angles will change degrees but will always remain near exactly 15 degrees apart. We have adjusted this chart for the first bull run angle to 75% to make it easy to see the successive 15-degree change each run.
Thankfully in this sequence there is one more 15 degree increment left meaning another run is most likely under way already. Looking at the logrithmic progression of the lows marked on the chart by the perfect red curve it would not be out of line to come down and tap it but breaking below it will happen some day and probably spell very bad news.
BTC QUICK UPDATE! BULLISH OR BEARISH??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Quick BTC update after a long time. I was not very active here for the past few months but now I'm back here and try to give you regular updates here. Keep supporting.
Now, let's get to the chart first. Today I'll give you a quick update of BTC in the lower time frame. After that, I'll post a long-term analysis.
As you see in the chart BTC is forming an upsloping bullish flag-like structure and currently trading inside the flag. Break out point will be around $53k so if we break and close above the $53k level we might see another let up to the $56k level.
Invalidation:- Close below the $51.2k level.
If you like this idea then do support it with like and follow.
Thank You!
ENJ after the pullback can continue the uptrend ENJ after the pullback can continue the uptrend. It might get rejected from 0.3200 and continue to go up.
🔵Entry Zone 0.3086 - 0.3201
🔴SL 0.2902
🟢TP1 0.3455
🟢TP2 0.3709
🟢TP3 0.3975
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.
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Is this a start for AUDNZD Bullrun? This could be 1988,1995&2004 bottomed support had been broken plenty of times since 2015 & 2020 double multiple dip the same area since then and bottomed confirmed from the same zone we were at right now.
Will AUDNZD start the bullrun this year since over 30 years ago? If the bands keep pressure the buys then mostly like will skyrocket to break above 1.7320 area to stay bullish. The bears will keep dominating if the bulls don’t try to break above the key zones to break away from the bearish trend.
Overall the highest high from AUDNZD is above 1.7600 area since the past 2 or 3 decades.
In order for AUDNZD to breakout then it has to break above 1.7320 area if it ever did then the bull run begins to keep the same momentum and strength.
12/02/24 Weekly outlookLast weeks high: $48582.05
Last weeks low: $45414.55
Midpoint: $42247.04
What a crazy rally from BTC last week! From the very start creating the weekly low and the end of the week creating the weekly high with a near perfect linear move up.
With 49K as the local high consolidation just under this level is extremely bullish and with the halving moving ever closer BTC is looking very strong currently. I believe that most people myself included would see one last drop towards the mid 30K range to really catapult up from there, the big ETF players could lower their DCA and propel BTC to a new ATH a few months after the halving. However max pain would simply be BTC leaving everyone that is waiting for lower prices side-lined and push up towards the highs ahead of schedule.
So for this week a close eye needs to be on the structure of BTC around this local high. Any swing fail pattern would be very tempting to enter a short position, I believe a lot of people would welcome that setup, if that was the case you would need a very tight SL in case the rally continues. The more chop we see at these levels the more likely that is too happen in my opinion.
🔥 Bitcoin Outperforming Previous Cycles: Best Case Scenario?As Bitcoin seems to be unstoppable, it's time to take a fresh look at the current bull-run (read: the period after the low) and compare it to previous bull-runs.
Against my expectations, Bitcoin is outperforming both the 2018 and 2015 bull-runs. Most notable is the 2015 bull-run because it took us from ~150$ to ~20.000$. Keep in mind that the 2018 bull-run also outperformed the 2015 run at some point, but then quickly went under it and stayed under for the remainder of the cycle.
If the current bull-run stays above the 2015 line, we might actually see a top of >350k. Not the most likely scenario, but a man can dream.
For now, things are looking great. Bitcoin will likely break through the 50k resistance in the coming week, which opens the path to the ATH of 69k.
05/02/24 Weekly outlookLast weeks high: $43871.39
Last weeks low: $42838.73
Midpoint: $41806.06
Last week we saw the first month of 2024 come to a close as well as FOMC , this in my opinion contributed to the chop throughout the week with no clear direction in terms of trend. BlackRock continued to buy up BITCOIN and now hold ~ SEED_TVCODER77_ETHBTCDATA:3B worth of the asset.
Last week in my outlook I thought that the target of 44.5K is where the bulls needed to aim towards and ideally flip to support however they have fallen short and now I think looks a little heavy. I've said previously I could see a slow bleed towards 33K and it's beginning to look more and more likely as the bulls seem to be exhausted.
This BTC price action has had an effect on the ALT market with the majority of pairs bleeding off too, potentially leading to great long term hold entries in the near future on exciting new L1's and other narrative coins.
Historically February is a good month for BTC so there is hope on the bullish side, with the halving on the way too buyside pressure will grow naturally, in the short term arguments can be made for both sides and I think that's why we're seeing chop and indecision currently, until there is a clear direction only the nibble and very skilled traders are risking this price action. For me I am looking into where I would like to buy strong alts at key levels for swing trading timeframes.
Why no one is talking about this? I’m surprised and shocked that nobody is talking about ZCASH.. everybody all other bitcoin.m, Ethereum , Solana .. other cryptos too but what about ZCASH? No one is talking about it but barely because I am seeing value of ZCASH.
So why I said value? Because ZCASH has officially bottomed in the 18$ range and can’t go any lower than that because we already seen bounce back and gains are increasing.. are we going to see 10X ? Probably yes. Now over 6 percent gains in expecting over 10X which will breakout and head short towards $50 then $100 range and the recent high is almost 900$.
Something tells me since it was launched in 2017 and no one is talking about it I do like 500$ then 800$ all time high in 2024-2025 to visit back and then create a new bottom low in 2025.
18$ isn’t a bad idea to buy in this area but highly suggest don’t miss it and happy trading
"Harnessing Future Wealth: Zcash and Dash"The Undervalued Gems: Zcash and Dash Coins Beckon as Prime Long-Term Investments
In the ever-evolving landscape of cryptocurrencies, where volatility often reigns supreme, two digital assets have been quietly building momentum amidst the tumultuous waves of the market: Zcash (ZEC) and Dash (DASH). Despite their innovative features and robust fundamentals, both Zcash and Dash find themselves at historically low prices, presenting an enticing opportunity for investors seeking long-term value.
Zcash: Shielded Transactions for Enhanced Privacy
Zcash, launched in 2016, stands out for its emphasis on privacy and anonymity. Powered by cutting-edge cryptographic techniques such as zk-SNARKs, Zcash allows users to conduct shielded transactions, wherein the sender, recipient, and transaction amount are encrypted. This unique feature provides unparalleled privacy, making Zcash a preferred choice for users who prioritize confidentiality in their financial transactions.
Despite its groundbreaking technology, Zcash has often flown under the radar compared to its more mainstream counterparts. However, recent developments have reignited interest in this privacy-centric cryptocurrency. The upcoming implementation of the Halo Arc protocol promises to enhance scalability and efficiency, positioning Zcash for broader adoption and utility.
Moreover, with increasing regulatory scrutiny surrounding privacy coins, Zcash's compliance-focused approach, including its ability to facilitate transparent transactions, distinguishes it as a responsible player in the cryptocurrency space. As regulatory clarity improves, Zcash could see renewed attention from both individual and institutional investors, driving its price upward.
Dash: Pioneering Decentralized Governance and Instant Transactions
Dash, initially released in 2014 as XCoin and later rebranded, has carved a niche for itself as a pioneer in decentralized governance and user-friendly features. One of its standout offerings is the Masternode network, which enables advanced functionalities such as InstantSend for rapid transactions and PrivateSend for enhanced privacy.
The governance model, facilitated by Masternodes, allows Dash holders to participate in decision-making processes regarding network upgrades and allocation of funds from the treasury. This decentralized approach to governance fosters community involvement and ensures that the network evolves in a dynamic and responsive manner.
Despite its robust infrastructure and active development, Dash has faced its share of challenges, including fluctuations in market sentiment and competition from newer projects. However, recent initiatives aimed at enhancing user experience and expanding Dash's utility, such as partnerships with payment processors and integration into decentralized finance (DeFi) ecosystems, bode well for its long-term growth prospects.
The Case for Long-Term Investment
While both Zcash and Dash have encountered obstacles on their respective journeys, their underlying technologies, dedicated communities, and commitment to innovation position them as formidable contenders in the cryptocurrency landscape. The current undervaluation of these assets presents a compelling opportunity for investors looking to build a strategic long-term position.
Investing in Zcash and Dash at their current low prices allows investors to capitalize on potential future appreciation as market dynamics evolve and adoption increases. Additionally, the inherent utility of these cryptocurrencies, whether it be Zcash's privacy features or Dash's user-friendly functionalities, underscores their relevance and longevity in an increasingly digitized world.
As with any investment, thorough research and prudent risk management are essential. However, for those willing to embrace the inherent volatility of the cryptocurrency market and take a long-term perspective, Zcash and Dash represent compelling opportunities to participate in the ongoing evolution of decentralized finance and digital payments.
In conclusion, Zcash and Dash, with their innovative technologies and strong fundamentals, stand out as undervalued gems in the cryptocurrency space. For investors with a strategic outlook and a tolerance for volatility, establishing a long-term position in these assets could prove to be a prudent decision as they continue to chart their path towards broader adoption and recognition.
Disclaimer: The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks, and investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
29/01/24 Weekly outlookLast weeks high: $42827.56
Last weeks low: $40677.38
Midpoint: $38527.20
As the first month of 2024 nears its end BITCOIN finds itself back above 40K after spending half of lasts week below the big even level.
There are 3 main FVG's I have my eye on:
- At the previous weeks MIDPOINT level 40.5K (1H)
- The drop from 49K has left a large FVG at 45.5K (4H)
- The daily FVG at 33K (1D)
Price tends to get pulled and pushed towards these areas of imbalance. HTF imbalances have the largest force of attraction so in this case the 33K daily FVG is the main target in my opinion, and there are many possible routes to this destination.
As it stands BTC is above both 40.5K & 33K FVG's and ideally we would need to retest these areas before progressing towards ATH' s post halving which would also mean clearing the 45.5K FVG on the way back up. For me this is how I think it will play out however if BTC pushes towards 45.5K first I will also be prepared for this move.
For this week I'm concentrating on how BTC regains its strength and if price were to reach the 45.5K FVG , I would think about taking any profits from the recent move should BTC look weak, as I have said that 33K area is calling out to be revisited in my opinion.
ALGOUSDT : a PROMISING REVERSAL SIGNALHey traders and crypto enthusiasts! 👋 Today, let's dive into a comprehensive technical analysis of ALGORAND (ALGO), as it appears to be gearing up for a potential trend reversal. Buckle up, and let's explore the charts to uncover possible entry points and crucial support/resistance levels.
Technical Overview:
📈 ALGORAND has been on our radar lately, and the current technical setup suggests a promising reversal. The price action has shown signs of bottoming out, accompanied by positive divergence on key indicators, indicating a potential shift in momentum.
Crucial Levels to Watch:
🎯 Resistance Levels: Identify key resistance levels that ALGORAND needs to breach for a confirmed bullish trend. Breaking through these resistance levels could pave the way for a significant upside move.
📉 Support Levels: On the downside, identify critical support levels to manage risk. Knowing where potential buying interest lies can be instrumental in setting stop-loss orders and making informed trading decisions.
Risk Management:
🛡️ Trading involves risk, and it's essential to implement proper risk management strategies. Consider setting stop-loss orders, diversifying your portfolio, and only investing what you can afford to lose.
Conclusion:
In the volatile world of cryptocurrencies, technical analysis plays a crucial role in making informed trading decisions. ALGORAND's current setup suggests a potential reversal, but always remember to do your due diligence and use risk management tools.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your research before making any investment decisions.
#ALGORAND #CryptoAnalysis #TradingSignals #Cryptocurrency #TechnicalAnalysis #ALGOReversal #CryptoTrading #Blockchain #TradingView
TRB 2ND BREAKOUT : LONG : LET'S START BREAKING DOWN SOME WRONGSI've heard the usual dismissive labels used in reference to what this little pocket rocket did recently, and as always, I disagree. Quite honestly, in all the time I've been analyzing charts, and trust me, this nerd has spent A LOT of time candle shopping, there have been very few instances where outlier price points were so anomalous that they could confidently be considered as having been manipulated. I've cringed at these terms since the beginning, which quickly led to a blanket boycott of chat rooms, the Ideas page here on TV and participation or interest in any "news" including the sensational articles written by supposed professional analysts. When I started this journey, like anyone, I was under the impression that there had been made enough progress in terms of knowledge gained, that the logical approach would be to seek out the most accomplished students of the craft and learn from them.
I found a video course on Forex markets that appeared authoritative (no clue who it was by, but I know it was pretty famous by then) and reached about two thirds of the way trough before realizing "This guy is a joke.". What killed it for me was his comment about the outlier candle-wicks. He simply said to ignore them as they cannot be explained. I don't know about you, but explaining it is kinda the point, isn't it?
I might have saved myself a lot of solitude had I possessed the ability to accept what I'm told by those who have clearly succeeded in the world, but that's never been a pill I could swallow. So, I did the only thing that made sense to me.. I went solo.. If there's nothing to be learnt from the people at the top besides name calling and witch hunts, then I'm clearly better off making my own way. At least it would be free from stigma and ignorance. There was one thing the presenter said that stuck with me, though; "historic price informs future price" or something to that effect.
The next period doesn't register many memories for me. I quickly became lost in a daily routine that was dedicated exclusively to the task. I looked at every single coin I could find, searching into it's historical performance all the way to the point of listing. This, in itself was oftentimes a curious thing, and to be fair, the only point in the life of any coin that I might agree that there very likely is evidence of price manipulation. It would make sense, since the event, at the exact moment of listing, is the only time where the price isn't regulated or expected to conform to the patterns observed on other exchanges. The interesting thing is that most charts start with a peculiarly large spike. Abnormally large on some, and absolutely enormous..
My theory is that exchanges (or the people running that part of the show, which should be senior management), acquire large bags of the coin prior to listing.. Only they really know when it's scheduled, so the moment it becomes available, they create a wall of purchase orders many times the actual price, which is easy, because there has not been a chance for anyone to sell anything, since the coin doesn't exist on that particular exchange, meaning that anyone who buys it thinking he's getting a ticket on "Wen Moon", is immediately stuck with a large back of overpriced coins, panics and adds to the dump.. This happens in silence and the barriers to entry in order to speak to anyone about it (in the limited cases that there's someone to speak to), are insurmountable. There's no community page where traders communicate among one-another so it can be checked, which means there are some fools out there that regularly and anonymously get absolutely smoked, but there's no real evidence of it, and it doesn't show up on any of the other charts, meaning it will likely never be questioned by anyone and the further the chart progresses from that point, the lower the odds of ever getting caught. Who's gonna listen to someone who got cleaned out by a new listing on a crypto exchange? Nobody. He'll be told that he should have known that it's risky and volatility is normal. But think about how many coins exist in the industry, and they get listed in multiple trading pairs and in multiple instruments other than just spot, which exponentially increases the number of instances of this happening, and it happens on all exchanges, all the time..
The reason I don't believe in the simpleton option of perpetuating stigmas, is because by doing so, we admit and immediately project to others that "I don't understand what I'm talking about, have no interest of digging deeper, cannot think independently..", but more importantly, I've concluded that it's not possible for these rallies to be the result of market manipulation, because they conform to the same exact proportional rule-set which governs all cryptos.. The same exact thing is true for the "rogue candles".. They eventually became one of the tree pillars upon which my methodology was developed, and without them I'd never have formed a comprehensive understanding which led to my TA Method.
The popular thinking, assumptions and blatant lies that are baseless, and in time, I'll debunk and disprove all of them.. Not that I expect it will make a difference to most people, but changing opinions is a result of what I do, not the reason I do it..
Entry price: $120.00, but then I wrote all of this, so now it's $148.50.
Target: $ 495.00
Bitcoin - Long-Term Log View - Targeting 200k 🎯Hello TradingView Family / Fellow Traders,
🖇Following my last BTC Monthly log view analysis on November 11, 2022, we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support.
What's Next?
📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull cycle. This aligns with the upper boundary of the green channel and the 250k round number.
⚠️ However, the journey may encounter bumps, leading to sharp correction movements to shake out weak hands.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Filecoin: the most underrated DePIN cryptocurrencyFilecoin: the most underrated DePIN cryptocurrency.
DePIN = Decentralized Physical Infrastructure Networks.
Filecoin is a storage DePIN.
Storage is crucial for not just AI data storage, but for data storage in general, especially as the world is becoming increasingly digitized.
Filecoin is the best positioned storage DePIN project for the upcoming bull market.
It has liquidity, trust, and a real world-use case.
Besides, it's down 98% from its all-time-high.
I believe Filecoin will rise beyond everyone's wildest imaginations.
I expect Filecoin to reach the $20-$30 target before the end of Q1 2024. After a correction, it will slowly rise to a new all-time-high, probably some time in late 2024 or early 2025.
SEI 4H outlookSEI is a project that I have a lot of interest in this bullrun. It boasts the fasted blockchain in the industry and a focus on trading. A v2 upgrade is also on the way, SEI v2 will become the first parallelized EVM blockchain. Staking incentives too with possible airdrops on the network.
SEI's price has increased 250% in the last month and the chart suggests a HTF ascending triangle pattern. Currently the price has been sideways for the majority of the year so far, however, a breakout above the local high with acceptance above would certainly suggest SEI is going higher. This would also be price discovery and therefore uncharted territory for the project. I would then look to take profits using the Fibonacci levels that are shown as TP (take profit).
The orange path line would be a continuation of current price action, the more chop we see then the rally might make some people nervous in the short term. I do believe the invalidation level is clear, if we fall below the ascending triangle and have acceptance under then price will search for a safer footing. I would suggest the FVG $0.35 would be the safest place to go long for a long term hold 12-18 months.
CTSI Possible Long Setup #CTSI BIG Picture - January 21, 2024
CTSI has broken out of a long-term downtrend and is now trading in a new uptrend. The immediate target is $0.2553, and the long-term target is $1.00.
The chart shows a number of bullish indicators, including:
A rising 200-day moving average
A bullish divergence between the price and the MACD indicator
A bullish engulfing pattern on the daily chart
According to Elliott Wave theory, CTSI could be in the early stages of a five-wave uptrend. If this is the case, we could see another pump to $0.30 or even $0.35 before the wave 3 correction.
Here are some key levels to watch:
Support: $0.2553, $0.2250, $0.2000
Resistance: $0.2750, $0.3000, $0.3500
Overall, the CTSI chart is bullish. Traders should look for opportunities to buy on dips to $0.2553 or lower.
Here are some additional thoughts:
The breakout of the downtrend is a significant development. It suggests that the bears have lost control of the market and that the bulls are now in charge.
The bullish indicators on the chart are encouraging. They suggest that the uptrend is likely to continue.
The Elliott Wave theory is a subjective analysis tool. It is important to remember that there is no guarantee that CTSI will follow the predicted path.
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Is this the start of bull run in IRFC?Irfc was consolidating right from its listing in 2021. However, few months back, it gave a huge breakout from its supply zone of 25 to go upto 37 levels.
It has recently given a retest of same level and going up to test the levels of 37 again.
If 37.1 is broken, a higher high, higher low trend can be confirmed on weekly basis and it will indicate that a bull run might finally start in IRFC.
Definitely, a safe bet for long term considering the huge developments taking place in railway field.