THETAUSDT is getting ready to go burstThis 2W chart reveals many interesting things.
Price action has been boring but very telling: the 1$ mark has been rock solid for the past 6 months. If we're indeed at the end of an ABC correction on the 5th Elliot Wave, then 3 important crosses are bound to happen for a new bullrun to start:
RSI cross with its MA
MACD cross with its signal. The last cross on June of 2021 sentenced the beginning of the corrective phase. I assume that the opposite cross must indicate the opposite scenario
Breakthrough of the 1.5$ and resistance. This would be a good entry point, for that would increase significantly the chances of the trendline breakthrough.
The volume is low but in my opinion, that has more to do with the 1$ resilience which I think prevented capitulation and with the fact that price has been steadily dropping since its last ATH. With that being said, I expect a new ATH to be reached in the next bull market within the 1.618 and 2.618 extensions, being 25$ the first target.
Let's wait and see, but it definitely looks promising.
DYOR. Not advice
Bullrun
BTC fractalsHey waaaSUP everyone,
I thought i would share this idea with you all. On the left side back in the days of BTC price been cheap as chips, you can see ive drawn 2 boxes blue and violet. Then looking into the future on the right side you can see the fractal bars corresponding to the colour box on the left.
I am particulary interested in the fractal all the way back from jan 2017. I only say that becaaue the other fractal suggests we break down and double bottom, which many are calling, but the fact is, if it did that it would break the market structure (bottom blue dotted trendline)...... and BTC has never done that. We hit this line back in NOV/Dec 2022 ;)
And also things are different now, we have the WEF medling with things, we have the FEDs medling with things, we have inflation, and the new CBDC ???
BUT the main thing to keep an eye on is BRICS (Brazil,Russia,India,China,South Africa) we could be seeing the end of the petro dollar and the collapse of the dollar. This is defenetly plausable and that is why I suggest the probability is more in favor of the blue fractal.
Gold is coming back and the USA dont have much of it and the printing paper is running out.
I know its wack, that would mean BTC could reach ATH of $250,000 by November 2023. And maybe a precident for a new local bottom of $60K. Ooooohh
Remember its all about probability, and anything can happen.
peace and love
Wow that would be madness,
Why Investors Should Pay Close Attention to ETH's Price ChartDear my friends,
While Bitcoin (BTC) remains the most well-known cryptocurrency, all eyes are now turning to the upcoming "Altcoin season," with Ethereum (ETH) poised to break out.
To support this claim, let's take a closer look at the price chart of ETH. Firstly, we can see that the price has broken out of a multi-month downtrend line, which is a significant technical event that suggests the end of the bearish trend.
Furthermore, the Relative Strength Index (RSI) has confirmed this breakout, indicating a strong bullish momentum. Most importantly, the 100-day Exponential Moving Average (EMA) is about to cross the 200-day EMA, which is a widely recognized bullish signal.
This crossover event is particularly notable as it could indicate a longer-term uptrend for ETH. The EMA is a widely used technical indicator that smooths out price fluctuations to identify the overall trend direction. The 100-day EMA crossing above the 200-day EMA suggests that the short-term trend is gaining momentum and could continue to rise.
In summary, these technical indicators suggest that Ethereum's price is likely to continue its upward trajectory and signal the beginning of the Altcoin season. Investors may want to pay close attention to the potential developments of ETH in the near future.
Thanks!
BTC did it 2 times in its whole history! at least 58K in 2023? Hi dear community and my loyal followers. As you remember I posted earlier if BTC monthly candle closes above 5D GC/ 25.8K/ better above middle line of weekly GC /27.6K/ #BTC downside action will be limited and it will hit min 58K in 2023)) based on 5D GC and 52K based on weekly GC. BTC managed to close monthly candle above 28476 USD which is above 5D GC upper band and middle line of weekly GC. BTC also succeeds holding 200 weekly MA and it is consolidating below 28.5-29.3K main resistance. As soon as it is broken 34-35K will be on the table. I expect BTC to consolidate between 25.2-29.2K for 3-4 weeks and give room for alts to explode. I expect mini alt season in April as soon as Total 2 main resistance is broken/look below/. BTW based on current projection, the most bullish cross in BTC history will occur on May 1 2023. It happened 2 times in its whole history/no false signals/ and it marked officially bull market start. Check that Monthly 8 & 21 EMA bullish cross chart below.
If you like my ideas, don't forget to like, comment and follow please. I will appreciate any single follow and any kind of support, thanks in advance.
Amazon -> Bullish Trend ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Amazon stock just recently retested and already rejected a quite strong previous weekly support zone at the $85 area which was turned strong support once again.
You can also see that from a weekly perspective we do have the possibility to created a double bottom and start a new bullrun from here so I am now just waiting for a break above the neckline at $105, followed by a retest and then more continuation towards the upside.
On the daily timeframe you can see that Amazon stock is already creating bullish market structure, however I am still waiting for a break above the $105 resistance and a retest before I definitely do expect more continaution towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Is the Bitcoin Bull-Run start?? monthly chart structure!!Technical analysis: #BITCOIN (Monthly update)
* BTCUSD is taking support from Raising wedge Pattern Trend line in Monthly time frame and
break out the falling wadge pattern.
*Bitcoin Bulls are Regain the 50-MA is Good sign but need to Reclaim the 29k Horizontal Resistance as support as well as 21-MA for further Upside movement ..
*The price is trading ABOVE both 50- MA as well as trend line is LOOK Bullish but need to trading above 21-MA as welfor confirmation for bull run //
* RSI is Trying to break the Down Trend line , if price could break it then it will take momentum from here..
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #monthlyclosed
Investors bet big for XRP to win over SEC.. why XRP will win?Investors bet millions and billions for XRP to win the case against SEC.
XRP broke through the resistance but now bullish pennant , bull flag.. does this mean XRP bull run had started?! Yes it had started and Alt season is almost here.
XRP will win against SEC because SEC won’t find any further evidence; XRP will take advantage and take place over SEC to win the case.
XRP is now over 0.50 in this scenario XRP will keep going up and retrace drop until hits 1$.. will trace down back to 0.80 or 0.70 area and skyrocket more to challenge to full potential. If you miss the sniper buy it’s okay, but where it’s at now go all in and hold it in. You do you, do your thing. Let’s have this extraordinary roller coaster ride.
Trade safe y’all
One more thing if XRP keep this up and won the Case then XRP saved Altcoins and Alt season will start ahead of time
BTC WEEKLY TIME FRAME FALLING WEDGE ANALYSIS 28 MAR 2023'll be Completely LONG 🟢in BITCOIN (BTC) once it breaks out 📈and successfully re-test this falling wedge in weekly time fame till then only scalping and some swing trade only💹. I'll also tell you guys when you can start buying in Bitcoin in SPOT 🛄 and when to do DCA also📊
In the above chart📊 i have shown you the 3 possible ways ♻️according to my analysis for the break-out📈 in which the last one has the possibility of the New Bottom⤵️ as well so keep your eyes 👀on the charts and let's where it breaks-out from👍 BITSTAMP:BTCUSD
Bitcoin, A long term overview!Let's take a look at Bitcoin in 1D chart, a long term overview of the possible bitcoin moment for upcoming weeks.
Recently Bitcoin is showing more bullish momentum and everyone is optimistic towards the bull run. However as we have seen the past, a proper bull run starts after the Bitcoin halving. Whatever the momentum that we are seeing now is just a preparation for the real bull run which is expected after the bitcoin halving (which is expected around April 2024) and we are going see new ATH for bitcoin in end of 2024 or beginning of 2025
Let's see what we can expect in the upcoming weeks.
As expected we can see some consolidation of the bitcoin pricing around the current resistance around 27-30K. Breaking 30k barrier will add some positive sentiment to the market and we can expect some consolidation after breaking 30k.
If the positive sentiment continue we can expect bitcoin to rally towards it's next major psychological resistance of40K.
I believe run from 30K to 40K will be a smoother one and should be achieved within a month.
Overall i'm bullish on the overall bitcoin pricing expecting it to reach 40K within next 4-8 weeks.
Once we reach 40k, it's hard to reach 50K barrier and we can some downtrend after that.
For now let's wait and watch for 40k target and enter some low leveraged trades on Bitcoin with Stoploss around 23k range.
Cheers!
BTC/USD 3-Day Chart - Bitcoin could surprise everyone. BTCUSD INDEX 3-Day chart the first key level resistance is $ 25.3k, was Bitcoin's first test. Our breakthrough candle was on March 17, we are trying to print our confirmation candle. We have not confirmed that we have passed our first test, still 2 days left for confirmation candle to close.
We have a bigger test and more important key level which is around $ 28.4k, this is very strong resistance, stronger then our previous test. Confirmation of $28.4k as a support will officially be start of a bull run.
We can also see a bearish divergence forming on RSI as BTC headed to the most important resistance level, indicates we might get rejected from this level and come back to conquer later some time eventually.
BITCOIN Looking to close the Weekly above the 200 SMA!Bitcoin in the last week put in a massive move! More weighted towards the $ pumped into saving the failing banks....
Will the FED Pivot and stop Rate Hikes? This is gonna be the big QUESTION of the week come this Wed, be prepared for the decision... <---
This close today above the 200 SMA can be the catalyst to move BTC higher and head towards $48K - $50K... That's if BTC does bot dump down below $25k before the close of today...
Bitcoin always surprises you!
Its gonna be an interesting week...
Good Luck Out There!
Bitcoin new bull-trend is just begins!!#BTC Weekly Chart
Falling Wedge Breakout and Retested are done 👍✅
BTC is above the Both MA's( 21MA & 50MA) after 9- months and RSI at 65 is also giving us some momentum from here.
Now Bulls need to break the 31k level for confirmation the new bull-run!!
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Major Resistance and ConfluencesBTC currently around $27k
Bullish case:
-Price above 200w SMA and 200d EMA (purple)
-Shorter EMAs pointing up (bullish momentum). (soft pink and pink)
-Price and moving averages above Bull Market Support Bands (red/green band)
-Log Scale downtrend breakout (orange dashed line)
-Possible new macro-uptred?
Bearish case:
-Major resistance to be broken around $30k (red area)
-Price stopped exactly at 800d EMA (gray line)
-big bearish divergence on Daily
-pumped too hard in too fast (fomo buys, no strong foundation to support the rally)
-needs to previous resistance to confirm new support (white area) which would also confirm the orange dashed downtrend to have flipped support
Stay away from futures in coming days (BTC) correction phaseHi there!
CT talking about $1 million per BTC in the next 90 days was a logical sign for me to stay flat and off exchanges.
I'm ready to buy the dip when 90% will be full beartard mode calling for $12,000 like capo again.
No rush to make it, slow and steady wins the race.
AGIX 3 HR - Looking nice right about now!AGIX - Do Not sleep on this crypto! This is an AI Coin... <---
Breakin out above key resistance!
With the looks that the FED is gonna have to Pause and Pivot... maybe.... maybe not.... LOL!
#NotFinancialAdvice
But the #Crypto market has been getting some good Volume! Go where the Money is flowing!
Check out this coin on Coinmarketcap. DYOR
Good Luck Out There!
Ethereum -> More Bullish MovesHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently breaking above a quite obvious previous weekly resistance area which is exactly at $1700.
You can also see that we are approaching the next resistance at $1900, so I do expect a short term rejection towards the downside to retest the previous $1700 resistance, now turned support, and then from there I think we will see the next impulse towards the upside.
On the daily timeframe you can also see that everything looks extremely bullish, I am now just waiting for a retest of the $1700 support and some bullish confirmation before I think we will see the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Mini Bullrun will be over soon !!Here are my considerations :
- CME GAP at 27.3K-28.7K is about to close
- Closing CME GAP will catch the GoldenPocket
- Leaving CME GAP at 20.3K-21.1K
- Has a Bearish Divergence
- WMA is already in DeadCross
- Still moving within the BearFlag Channel
Keep Rescanning and DYOR