Get started

Criptocurrency

ETH Nears Strong Support: Strategic Buying Opportunity AwaitsBITSTAMP:ETHUSD Current Price: 2,389.19 USDT (+0.79%) Ethereum is currently experiencing a sideways trend throughout October, positioned near the lows of 2024. This consolidation suggests an interesting opportunity for buyers if a dip occurs toward the 2,200-2,100 USDT range. Technical Analysis Daily Timeframe: The Relative Strength Index (RSI) is at 43.11, indicating a neutral sentiment. MACD shows a bearish signal at −31.70, suggesting potential selling pressure. Momentum is slightly positive at −211.63, signaling possible buying interest. Moving averages are predominantly bearish, with the 10-day Exponential Moving Average (EMA) at 2,432.09 and the 20-day EMA at 2,461.91, both suggesting selling momentum. 2-Hour Timeframe: The RSI is at 43.02, remaining neutral. MACD also indicates a sell signal at −13.12. The Momentum indicator is showing a slight buying signal at −42.68, hinting at potential upward movement. 30-Minute Timeframe: The RSI remains at 43.02, with neutral readings across various oscillators. MACD is still bearish at −13.12, indicating persistent selling pressure. Momentum shows a slight positive value at −42.68, suggesting potential for a short-term bounce. General Commentary on Indicators The overall state of the indicators across multiple timeframes reflects a market that is largely in a neutral to bearish phase. While oscillators like the Momentum and Williams Percent Range are indicating some buying interest, the dominant signals from moving averages and MACD suggest that sellers are still in control. This mixed sentiment suggests that traders should exercise caution while considering new positions. Conclusion Given the proximity to this year's lows and the current sideways movement, it presents a favorable opportunity to evaluate a buying position if the price dips toward the 2,360-2,370 USDT range. Opening buyer positions near these lows could create an advantageous risk-reward ratio, particularly as this level aligns with strong support that has proven reliable thus far. By positioning close to solid support, traders can better manage their risk while aiming for potential gains in the event of a market rebound. Disclaimer: This content is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments carry risk, and it is essential to conduct your own research or consult with a licensed financial advisor before making any investment decisions.
BINANCE:ETHUSD
by CF_444
BTC: What's Ahead After the CPI Data?BITSTAMP:BTCUSD Bitcoin is up 0.52%, trading at $61,317.96 after the CPI data, which slightly exceeded expectations. Despite the minor increase, the overall trend shows continued sidelined behavior, reflecting the pattern of the past months. Here's a breakdown of the technical indicators: 1D Timeframe Oscillators: Mixed signals, with the Relative Strength Index (14) at 45.86 (neutral), but Momentum (10) and Commodity Channel Index (20) indicate buying potential. However, MACD Level signals sell. Moving Averages: Most short- and mid-term moving averages suggest a sell, while the 200-period Simple Moving Average remains bullish at $60,020.79, suggesting long-term support. 2H Timeframe Oscillators: Mostly neutral, but Momentum (10) gives a buy signal. The MACD Level and Moving Averages are in sell mode, reflecting short-term weakness. Moving Averages: Clear sell signals dominate across the board, with only the Simple Moving Average (10) giving a buy at $60,868.83. 30-Minute Timeframe Oscillators: The shorter timeframe shows mixed signals, with a buy from the MACD Level (12, 26) and Simple Moving Average (20), while Momentum (10) and Bull Bear Power remain bearish. Moving Averages: Short-term moving averages are providing conflicting signals, showing that there may be a short-term consolidation phase. Summary: The indicators reflect a market still in consolidation with minor price recovery. Despite occasional buy signals on short-term charts, the overall trend remains cautious. Traders should keep an eye on potential breakouts from this sidelined range, but aggressive entries should be avoided for now. Disclaimer: This is not financial advice. Always do your own research before making any investment decisions.
by CF_444
DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone, In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2. Inside the Wave 2, we encounter ourselves inside the Wave C already. The Wave C is about to break the 100 support area, and targeting at least 92 target. The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A. Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
TVC:DXYShort
by xReve
bitcoin IN A cool positionHi guys. this thing has made a nice textbook channel, today we have non farm payroll and unemployment data in the US , it can make the buttom of this wave 4 looking thing that we all suspect. but it can also chop a litle more s that it would have at least the same amount of time as of its wave 2. if bitcoin goes above 66600, you got to be bullish. but so far SPX also has shown toppy , jeff bezos sold billions of his stock. so... don't do more crazy decisions, we have all been tricked enough this year.
COINBASE:BTCUSDLong
by trollist
Bitcoin 80000 Very Soon The support of $56000 (coinciding with the 0.618 Fibonacci level) reached in April has proven to be solid and at this moment Bitcoin is aggressively attacking a dynamic resistance created by its historical high of $74000 which meets other peaks previously created around the price of $72000. At this moment in the OrderBook there is considerable liquidity at the $72,000 level, approximately 3,000 Bitcoins. Subsequently it is possible to still notice a lot of liquidity in the immediately following levels, an indication of stop liquidity probably for Long orders. There currently appears to be no liquidity near the all-time high of $74,000. Personally, I remain bullish in the very short term and, as indicated by the Fibonacci extension plotted on the chart, Bitcoin's next target is $80,000
BITSTAMP:BTCUSDLong
by VinchEz
MARA looking bullish Inverted H&S with momentum coming. Marathon Digital Holdings (NASDAQ: MARA) is currently riding a wave of bullish sentiment, propelled by several key factors that intertwine the worlds of cryptocurrency mining and market technical analysis. As a prominent player in Bitcoin mining, Marathon Digital's prospects are closely linked to the movements and milestones of Bitcoin itself. Bitcoin's Momentum: Bitcoin's price momentum is a critical driver for Marathon Digital's bullish outlook. As the value of Bitcoin increases, so does the potential revenue for miners like Marathon Digital. This relationship is because miners earn Bitcoin as a reward for validating transactions and securing the network. When Bitcoin's price rises, the value of these rewards increases, making mining operations more profitable. Recent analyses suggest that the demand for Bitcoin is growing, which could lead to higher prices and increased mining revenue. Approaching Bitcoin Halving: A particularly significant event for Bitcoin—and by extension, Marathon Digital—is the upcoming Bitcoin halving, expected in 2024. Halving events, which occur approximately every four years, reduce the reward for mining new blocks by 50%. While this might seem counterintuitive as a bullish signal, halvings have historically led to price increases in the months following the event. This is partly because the reduced supply of new Bitcoins coming into circulation can lead to scarcity, pushing prices up if demand remains steady or increases. Marathon Digital is well-positioned to benefit from this, especially given its efforts to expand mining capacity and cut costs, thereby potentially maximizing profits during and after the halving. Inverted Head and Shoulders Pattern: From a technical analysis perspective, an inverted head and shoulders pattern observed in Marathon Digital's stock chart adds another layer of bullish sentiment. This pattern is often interpreted as a reversal pattern that signals the end of a downtrend and the beginning of an uptrend. For investors and traders who follow technical analysis, such patterns can serve as a buy signal, leading to increased buying pressure and potentially higher stock prices. Marathon Digital's strategic moves to double its mining capacity and reduce operational costs by 30%, in preparation for the 2024 halving, align with these bullish indicators. Together, Bitcoin's current momentum, the anticipation around the halving event, and positive technical analysis patterns like the inverted head and shoulders create a compelling case for optimism around Marathon Digital Holdings. In conclusion, multiple factors contribute to a bullish outlook for Marathon Digital Holdings. The company's fortunes are closely tied to those of Bitcoin, and with positive momentum in the cryptocurrency space, an approaching halving event that could reduce supply while demand remains strong, and favorable patterns in technical analysis, there's a solid foundation for bullish sentiment among investors and analysts alike. Targets: 48, then 64 and beyond
NASDAQ:MARALong
by holacarlosmartinez
BTC - Weekly Perspective - 02/11 to 02/18As stated in previous analyses, the long-term chart showed an upward pivot, in which the 44.96K region was an important resistance point to be overcome in this chart time. Anyway, this value was left behind, and the crypto needs to reach the 51.4K region and remain above 44.9K throughout this month to remain in a consolidated upward trend and seek the top region at 65.1K. See the image below If this does not happen, we can characterize this breakout of strong resistance as just a beautiful buying "TRAP" and have the following situation. See the image below. On the short-term chart we have a pattern that could help the crypto reach the level of 51.4k. Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes belo
INDEX:BTCUSD
by MacD_Bollinger
9
#ETHUSDT Trading plan!Hello friends! In this idea, I describe the reasons for considering trading in one direction or another based on the following criteria: Resistance level - reversal; There is energy accumulation before the level for a breakout; Prolonged accumulation in a sideways channel; Closing below the level (a good signal); Parabolic energy accumulation before the level; No reaction to a false breakout. It's no secret that the markets reacted in the past week to the bankruptcy of a bank, and the Federal Reserve System turned on the printing press once again. Against this backdrop, the markets began to grow, as they did during the COVID-19 pandemic. Don't forget that tomorrow there is news from the Federal Reserve regarding further interest rate changes, which could affect market reactions. Given the reasons outlined above, I expect the coin to grow in the near future. I plan to buy on a breakout above the level of $1,800.00. Target #1: $2,020.00 Target #2: $2,161.00 Target #3: $2,446.00 in the best-case scenario. Despite all the targets, I will close the deal at any time if I am not satisfied with the market. Be careful, the market is currently very unstable, so enter only at strong levels and with stop-loss orders!!! Wishing you all profitable trades!
BINANCE:ETHUSDLong
by VS_trading
Bitcoin TA - Bottom and Next Cycle -> from 2023 to 2024 Hello everyone, hope you all are doing good. This Bitcoin technical analysis is not a financial advice. Cryptocurrency is a very high volatile and high-risk market, so please do research on your own before trading. Previously shared analysis of Bitcoin was about observing the overall life cycle. (Elliotte wave theory and its own patterns) This analysis is only for the year 2023 and 2024 about finding possible Bitcoin Bottom and the next counter move/next Top until next Halving. 1.The Tools I used for Analyzing: Various Patterns and channels Fibonacci retracement Volume Profile RSI, MFI and other indicators/oscillators. Observation1: As explained inside the chart, generally in trading, price moves in patterns whether it is triangle or parallel or cup shape or V-shape or zigzag or head and shoulders or any kind. Patterns get created in a concentric way one inside the other based on lower time frames to higher, in general if the price breakout or breakdown from one shape it will enter into other bigger shape/parent shape. Currently we are trading inside a smaller Descending triangle (Green) which in turn inside a bigger Descending triangle (Red). Price respects this Green Descending Triangle, so technically Bitcoin will not Breakdown, perhaps it keeps testing the bottom line. If Bitcoin Breakdown it will be a disaster, then we have to think about it. Conclusion1: I personally think 15473usd is the Bitcoin Bottom of the year 2023. Currently if Bitcoin puts another lower low, still it will be on the bottom line of this green Descending triangle (may be 14345usd, so mostly price will be above 14k). Observation2: RSI and MFI are cooling down and showing Bullish Divergences. Even other indicators like OBV and Stochastic made a slight Divergence. Not compulsory but these indications can invalidate/negate at any time if there is a forcible sell off, but as of now showing some good signals. Conclusion2: Technically due to Divergences created, soon Bitcoin may Breakout from this Descending Green Triangle and enter/start trading in the larger Red Triangle. After Breakout, there should be a counter move/rally and make until Fibonacci ratio at 0.618 level (roughly 50k) or at 0.5 level(42k). Finally, after rally Bitcoin puts a new lower low somewhere in the year 2024. (Since in a bigger picture Bitcoin is trading in a Red Descending Triangle so definitely it will test lower line of the triangle, so it will be lower low in 2024.) Please give a like and put a comment if u have any questions. Thank you, cheers.
INDEX:BTCUSDLong
by nmchary
21
Ethereum-Probability of Bottom and next Bull run-2024/25 Eth This is not a financial advice - this is my personal opinion. Am looking Ethereum in a bigger picture right from the start in and around 2016. -> During 2016 to 2017 Eth made a bull flag at BreakOut1 trading in a parallel channel for some time and it Break out again at (BreakOut2) reaching exactly the size of flagPole2. (The length of flagPole1,2,3 and 4 are of same length). ->BreakOut1+BreakOut2) For more than a decade Eth is Trading in a huge parallel channel without break out or break down from this current channel. Eth tested 3 times at the top of the channel and tested only once at the bottom of channel at (test) creating Double bottom1 for next bull run. ->Double bottom1) This is the Wyckoff accumulation zone making Double bottom for another round of Bullrun with the same length of FlagPole1 but unfortunately did not breakout from this channel. ->There is a slight Bearish Divergence created in the rsi comparing 2018 bull run to 2021/22. And also, it took out the once 1's and twice 2nd making it over sold. This is the data we have until now. Let's Analyze things and make some probabilities based on what we have. In General Eth should once again retest the bottom of this parallel channel at any point testA or testB or testC, not compulsory though but realistically the upside movement is limited. Basically the parallel channels break down at some point of time if the strength of rsi is deteriorating. for example like this: Case1: Double bottom2) Lets think if eth makes the double bottom (at 800 to 900usd + rsi is oversold). ProbabilityX: Breaks out from the channel with the same length of FlagPole the price target will be roughly 45000usd. (Realistically i don't think this is possible.) "No". ProbabilityY: If eth stays in the channel and test the top of the channel again than the price target will be roughly 15000usd.( this is 3 times the marketcap of eth at 5k) i still say "No". Probability3: If it stays inside the channel making higher than 5k- may be 2 times the previous ATH somewhere 10k based on psychological aspect. i say "may be possible". Probability2: If stays inside the channel making same or higher than 5k- let's think 5k or 6k or 7k. i say "may be possible". (In the above Probability3, if the rsi is in down trend than eth may break down the parallel channel at testC roughly at 1700usd, since 10k is huge number, it takes some time to break down from the channel). (In the above Probability4, if the rsi is in down trend than eth may break down the parallel channel at testB roughly at 800usd). Case2: This is my personal opinion that eth will make double top making another 5k or little higher may be 5500/6000usd or little lower than 5k, than making the rsi bearish Divergence again (monthly wise), creating lower lows. Break down the parallel channel at testB and go back to sub 300usd or 200usd level area. for going back to the lowest levels, it takes long time. Nothing goes straight Down nor straight Up - In any direction price moves in waves (If the asset is not Luna than).
BITSTAMP:ETHUSD
by nmchary
2