Could BTC/USD reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 67881.63
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 71339.38
Why we like it:
There is a pullback resistance level
Take profit: 59740.28
Why we like it:
There is a pullback support level
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Chainlink What Now?Is this move a surprise not really if you been following my Chainlink ideas.
Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars.
March 18th we got a bearish cross the MACD , this was another signal of things to come.
On the LINK/BTC we can see that we hit the exact bottom of June 2023 lows when Chainlink hit 5 dollars and completed its wave 5.
We also have this very important date coming up with LINK , which is April 22nd 2024 or more like the week instead a specific day. This Fib time sequence has predicted Chainlink event for years with 100% succuss rate , check it out below
We once again get to see if proves to show us something of value.
On the Main chart above you can see this time fib sequence once again showing pivot points on the weekly , showed us all time high , June 2023 low , I mean simply amazing sequence here apart from 3.618 in grey you can see failed to produce anything special.
Even though the target for the rising wedge is 9-10 dollars I would link to see LINK hold the 1/1 Gann Fann right now its sitting right on it so we don't want to see a close under that would be pretty bad to close under the 1/1 again.
Chainlink Giant Rising Wedge formed.Rising wedge target is back to top of chainlink accumulation range at 9.3.
Clear rising wedge pattern with two touch points top and bottom.
We are coming up to the Chainlink fib sequence I have been using for years it has a 100% win rate at predicting Chainlink events , major moves , bottoms or tops.
Last Fib time hit was the Big move down in May 2022 marked a major bottom for LINK. Next one is April 22nd 2024 and anything can happen for LINK around this time , its interesting also that it lines up with the Bitcoin halving.
LINK/BTC
Link has failed to break this level time and time again and until this level is broken I don't think we will see a major move for LINK.
It is possible that coming in 22nd of April we get a big move down for on LINK/BTC to test the 1/1 Gann fan again, yellow circle you see on the chart.
If thats the case then expect a major move down the fact that we are forming such a massive rising wedge with only 60 days from the next count is telling.
I also get a two different Fib time dates on 22nd April the one use see above is completely different start and end points yet the 618 falls on the same date.
Maybe LINK breaks the resistance on this date and moons or maybe it crashes and bottoms , who knows! all i know is that the next date after Aprill 2024 is May 2027 so best be ready for anything .
Bitcoin RoadMap 2024/2025The thesis I will present today will go over the idea that Bitcoin will repeat its first cycle over a longer length of time. There are a lot of theories on where Bitcoin is going next, and it's been interesting seeing so many different perspectives.
Every 4 years, Bitcoin follows through with its cycle, and we are now in the 4th cycle. So, what if it repeats the first cycle?
The first cycle is a interesting one , we had two tops, one big move followed by a 75% correction and after 231days we put in a higher high.
Last cycle nearly every single logarithmic model I was using broke expect the one you see in the main chart above, I know every model breaks eventually but until then we will base are projections around it.
The fact is there is not much room left from here , if Bitcoin repeats the same move and time then we looking at July at around 113k for a major 2024 top , for over 500 days now Bitcoin has been moving 100% every 120-140 days with the last move only taking 50days.
What is interesting is it took 1200days from Pi cycle cross to cross , if it repeats the next cross is in July and a my projected cross which will most likely not be very accurate since moving averages will move a lot depending on price but late October 2024 would be the cross.
Monthly RSI is the lowest its ever been in history coming back into all time high.
2Week RSI putting in nearly perfect lower highs since the start.
Bitcoin all time high consolidation pattern looking like it did last cycle in 2020 when it was back at 20k.
Looking over at my time cycles , it takes 1400days from cycle top to top this would put a cycle high in September 2025 from November 2021. It also lines up with my time fib in September 2025.
Elliott wave indicator is flashing a wave 5 both of NAS100 and Bitcoin , as you can see by going back in time its not 100% perfect and calling the top but pretty close most of the time , as you can see last cycle it was off by 3 weekly candles.
We are making lower highs on the Weekly and higher highs in price so bearish divergence could be forming here.
stochastic RSI pointing down and MACD histogram printing two lighter colours but as you can see stochastic last bullrun we were going down the entire time Bitcoin was going up.
Conclusion
There are some warning signs but there weak compared to the bullish signs , candle structure is still making lower highs from 4hour upwards and we forming same pattern as we did last cycle before massive run.
This is how I think it plays out , last phase of the first run is coming until end of July then massive correction into end of year and continuation of the bull run till cycle top September 2025.
Ethereum to reach $4800 ATH?Hello Traders, Skyboxpips here!
Ethereum and Bitcoin had a strong bull run from feburary.
Ethereum experience a resistance level at the $4100 level which mean sellers are holding this level. There is an imbalance and anticipate Ethereum to reach that $4100 level in hopes of a breakout to the top-side so we can go test that $4,800 All time High
XRP, the Sleeping Giant Looks good!! could it ready to Breakout?Technical Analysis: #XRP (Monthly Update)
#Ripple coin is now trying to break out of the 1065-day accumulation zone, if it could, this is just the beginning of a new uptrend.
#Rpple Coin is almost ready to takeoff and looks too bullish, if march closes upper the trend line so will be ready to test its previous high and make a new ATH at year-end or earlier.
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📈 FTM - Testing Range Resistance for Potential Breakout! 🚀
🔄📈 FTM (Fantom) Trade Analysis - Testing Range Resistance for Potential Breakout! 💹🚀
📊 Technical Overview:
FTM (Fantom): Testing top of the range resistance at $0.4025.
Scenario 1 (Breakout): Potential entry if it breaks and converts $0.4025 into support.
Scenario 2 (Retrace): Entry if it retraces and retests around $0.3750.
Stop Loss: Scenario-specific stop losses.
Take Profit: Next resistance levels at $0.45 - $0.48 and $0.55 - $0.60.
📈 Trade Strategy:
Scenario 1: Entry after breakout confirmation.
Scenario 2: Entry on retracement and retest.
Risk Management: Tailored stop losses for each scenario.
Take Profit: Targeting next resistance levels.
🚨 Note: Market conditions and Bitcoin movements may influence FTM. Trade cautiously! 🔄🚀 #FTM #TradeAnalysis #Cryptocurrency 📊💹
Ethereum's Market Dynamics PMI Forecast (Short)In the Ethereum community, traders are keeping a close eye on recent crypto market happenings, especially how Ethereum compares to Solana. They're discussing technical stuff like patterns and support levels for ETH/USD.
One hot topic is Solana's decentralized exchanges outdoing Ethereum in daily trading volume. People are feeling positive about Solana's success and wondering how it might affect Ethereum's place in decentralized finance (DeFi). Traders are thinking about how this competition could impact Ethereum's market share and user activity, seeing it as a positive sign for Solana's DeFi growth.
In this mix, there's a generally positive vibe around Ethereum. Community members are sharing insights on technical analyses, highlighting support and resistance levels, and looking into short-term trading opportunities. But, there's a key event to watch out for: the ISM Service PMI forecast on February 5th at 10 am.
The ISM Service PMI, expected to be 52 with a previous reading of 50.6, matters because it tells us about the growth or shrinkage of the services sector. Since Ethereum is influenced by overall market trends, traders and investors will keep a close watch on this economic indicator. It's important to note that if the forecast is too optimistic, it might create uncertainty, leading to a reassessment of market feelings and a possible price change for Ethereum.
To sum up, being part of the Ethereum community means navigating through technical details, DeFi competition, and the upcoming ISM Service PMI forecast. While there's generally positive thinking, the high forecast raises a caution flag, hinting that Monday, the 5th, might bring a potential price shift in Ethereum as the market responds to economic indicators and competition dynamics.
#Ethereum #TradingView #CryptoAnalysis
Strategic DCA Approach for Bitcoin: Navigating the 39K to 31K ZoAs Bitcoin navigates its way through a critical price range between $39,000 and $31,000, a strategic Dollar Cost Averaging (DCA) approach could be a prudent strategy for long-term investors. This range is particularly interesting as it lacks significant historical resistance, with the last notable resistance being around the $30,000 mark. This level could act as a strong psychological support, considering its historical significance.
Furthermore, Bitcoin is currently showing a rejection from the micro golden pocket, a Fibonacci retracement level calculated from the high of the 2021 bull run to the low of 2022. This rejection indicates potential bearish momentum, making the FWB:39K to FWB:31K zone an ideal area for implementing a DCA strategy.
Strategy Execution:
DCA Entry Points: Plan to incrementally buy Bitcoin as it descends through this range. This method helps in averaging out the entry price, reducing the impact of volatility.
Monitoring $30,000 Support: Keep a close eye on the $30,000 level. If this support holds, it could signal a potential reversal zone, reinforcing the DCA strategy's effectiveness.
Fibonacci Retracement Levels: Pay attention to the micro golden pocket retracement levels. A sustained rejection from these levels could further validate the downward movement towards the FWB:31K - FWB:39K range.
Risk Management: Set clear stop-loss orders below the $30,000 level to mitigate risks, especially if the price breaks this critical support.
Conclusion:
This DCA strategy into Bitcoin between FWB:39K and FWB:31K leverages key technical indicators and historical price levels. It's designed for investors who believe in Bitcoin's long-term value and are looking to capitalize on current market uncertainties. As always, traders should conduct their own research and consider their risk tolerance before implementing this strategy.
Bitcoin Bull Flag forming, BTC to 40k?Bitcoin is possibly forming a continuation Bull Flag pattern. Target ~40200
Price is respecting nicely 12H 9EMA as we can see from the chart (same with Total marketcap).
If we break the 9EMA support I think we will go test the Daily 9EMA and Flags bottom level where probably some buyers would show up. (Picture below)
This price action is quite fascinating and the trend seems strong (haven't broken down yet).
Much people are hoping for a Break and Retest on the 32k breakout level, so they can buy their positions. Could be that we won't even get there.
Not financial advice.
My analysis on Crypto Total Marketcap , the most important level I'm following on crypto
-PalenTrade
📈 $Bigtime/Usdt is showing robust strength and potential. BIGTIME/USDT is showing promising signs. It looks like it's gearing up for a bullish move, and I anticipate the price to increase by 15-30% in the coming days. However, it's important to note that this is not financial advice, so please do your own research (DYOR) before making any decisions."
Cryptographic Truth Final Run (Chainlink) (Re-Upload)The fractal continues to play out like the last Chainlink Cycle.
I started to see a bump and run pattern forming, so I went back to 2019 where we are now in the fractal, and we find the same pattern: a textbook bump and run pattern. There is now a very high chance that we will reverse from this point; we just completed the throwback with a double bottom candle pattern.
My position is still open from 14.6 and being added to the long position under 14.
At the moment, LINK is consolidating under the 1/1 Gann Fan, as you can see below.
According to the fractal, we don't get the real break till the 1st of December; it might look something like this.
The condition for this theory on the fractal playing out being invalidated is if Chainlink loses this lower high structure and breaks this red support trendline.
Cryptographic Truth Part 2 (Chainlink)Part 1
The bar pattern continues to play out like clockwork, but for how long? There comes a time when every bar pattern decouples and fails to mirror. One of the most amazing bar patterns I followed was in 2022, where a distribution bear market fractal from 2018 started forming at all-time highs for Bitcoin.
For the next 218 days, this bar pattern mirrored 2018. It was mind-blowing, also the easiest trading year by far. The TA below was published at the start of 2022, so we knew how the whole year would play out with incredible accuracy.
The key to finding out where the top will be is within Bitcoin; almost every big move Chainlink has made last cycle has been followed by a large Bitcoin move as well.
So if we go back to the very first time Chainlink broke a massive range, we can see Bitcoin had a massive move up in 2019.
This right here is the only move where Chainlink moved up without Bitcoin, and it only managed half its impulse wave before Bitcoin moved up.
It's the only time in history so far.
The next and last range break was again followed by a Bitcoin move, and the final push to Chainlink's all-time high to blow off top was followed by Bitcoin moves.
So once the range breaks, Chainlink has a very distinct pattern, as you can see in the chart below; it's always the same:
One impulse up
One Pullback
One impulse up
That's it; then the move is over. It happens very quickly. You can see there the two times it's happened outside of a bull market. It took 40-50 days. 2021 took double, most likely because we were in a bull market. We are definitely not in a bull market, so expect the move to last around 50 days.
Let's take a look at what happened in the Bull market. Chainlink already made a run from 10 dollars up to 53 dollars; we are at 10 dollars right now.
2021
Bitcoin - 23,500
Chainlink - 10 dollars
2023
Bitcoin - $30,600
Chainlink - 10 dollars
The difference is massive from 2021 to 2023, but regardless, both assets ended up hitting the golden pocket at the same time in 52 days! Amazing stuff really; both are much more in sync than I ever expected!
So if we take the bar pattern (BTC) of the cycle low in 2015 and overlay it on today's price action, we get the following.
Pretty close mirror, especially the first cycle bottom in June 2022. So if we look at what fib level that was in 2015, we can see Bitcoin topped out just under the golden pocket.
Now, if we go back to the comparison chart of BTC and LINK, we can see that if Bitcoin did, in fact, top out under the golden pocket, that would then put LINK at $25.
So if we take a look at the macro and range Fib retracements, we can see that the 4.236 range retracement for LINK comes in at $25.
Everything you've seen in this TA is how I arrived at the most probable outcome for Chainlink this year for . This TA can change very quickly depending on what level Bitcoin is at, so it's basically near impossible to predict where it will top. As new data comes in, we will change targets, so don't take this to the bank. One thing is for sure, the bar pattern will guide the way.
The main thing we need to focus on here is the first pullback in this zigzag fractal. Where it pulls back will give us a massive clue on where it tops.
Now I want to finish off by adding a crazy outcome for LINK. This has a low chance of playing out, in my opinion, but anything is possible. So instead of LINK topping out at $200 in October 2025, it tops out at $750. This would basically be a mirror move from 2019 in terms of fib levels. Highly unlikely, heck if we made a 100% retracement by mid-November, it would be possible.
Cryptographic Truth Final Run (Chainlink)The final run is starting, ahead of schedule it seems!
The fractal did not play out the same during this section; it seems we are running much faster! Normally, during this part of the zigzag fractal, Chainlink takes 12-15 days to bottom, but we seem to have done so in only 6 days, half the time it normally takes. I have covered this in all the previous Chainlink parts with pictures; take a look at parts 1-3.(Links Below)
The golden pocket sits at $35, and the fractal date when it tops out is December 15th, 2023.
A mirrored move would take us to $30 mid-December. I don't believe we will mirror because history shows us this final leg is much more extreme than the first.
This TA below of a BTC/LINK Fibonacci time sequence has been correct for years at predicting Chainlink events the next date is April 24th 2024.
Whats going to happen who knows but what we do know is when these dates arrive things happen with Chainlink .
Already re-entered my long here, got in at $14.6 after the descending wedge broke. This rally is only going to last until December. After that, there will be blood, one more flush out for sure. Below, I presented why, in a Bitcoin TA, sometime from March-April 2024, there will be something big happening that takes Bitcoin down to $20k, and if that happens, LINK will also be coming down.
It's Time , Chainlink RallyStart here:
At the bottom of the comments of the TA above links to the next in the chain.
We have been 518 days in this range; you have had 518 days to buy Chainlink under 8 dollars.
I have been following this range for a very long time, and now I believe it's time we finally break it to the upside. The bar pattern keeps on playing out perfectly, so the next step of the fractal is a test of the top of the range with a break this time.
If you looked at the TA I linked above, you should know that we have been following a very specific bar pattern.
Chainlink had a small pullback at the top of the range back in 2019, which is very similar to what's happened right now. In 2019 there was a pulled back to the 0.618 Fib before making the big move out of the range and now we have a pullback to the 0.5Fib very similar moves.
According to the bar pattern, we will break the range in the next 7 to 10 days. Once that happens, the chances are there will be a multi-month rally, which is not to be confused with a bull market rally because the bull market does not start until the end of 2024.
If you've been procrastinating about buying Chainlink, your time is up. We looked at Chainlink's history; we know that after a break in the range, we could get a very aggressive move. There won't be time.
I think I have covered everything in the last few TAs on Chainlink. The time is now; the trade is simple:
2XL leveraged Chainlink tokens on Bybit, and we hold till December 2023. Whatever the price—20, 35, or 50—that trade will be closed based on time and the bar pattern fractal.
So to conclude:
1. First bullish monthly cross on Chainlink's history MACD
2. Bullish bar pattern fractal mirror
3. Lower high candle structure the weekly
4. Break of downtrend resistance on the LINK/BTC
5. 518 days of accumulation
ETH Roadmap (50k 2028)It is very much possible to see a 50k ETH by November 2028 if this channel stays intact; the path is clear.
I believe ETH is right now on the verge of bottoming on the ETH/BTC chart. We have been in a massive symmetrical triangle since 2017 and have now fallen to a very important level where ETH tends to bounce more often than not. Out of the seven different times ETH has come near this level, only twice did we have red candles (2W chart).
We also just printed a Heikin Ashi reversal candle on the monthly chart, looking very promising.
The ETH projections are calculated based on the Bitcoin cyclical cycles:
- Blue Line: Bull Market starts
- Red Line: Cycle Top
- Green Line: Cycle Bottom
My reversal indicator has confirmed a weekly reversal based on the last weekly candle close. This signal has fired off just four times within the entire ETH history; it's not a lagging indicator—it works in real-time.
If history repeats, ETH hits 16k this cycle sometime in May 2025.
JUDGE DENIES BINANCE AND SEC PRIVACY IN LEGAL BATTLEJUDGE DENIES BINANCE AND SEC PRIVACY IN LEGAL BATTLE
Judge Amy Berman Jackson denied a protective order in the legal battle between Binance and the SEC, ensuring greater public scrutiny of the case.
The ruling forces Binance and the SEC to manage sensitive information under public observation, altering their legal strategies.
The judge’s decision balances the need for transparency in high-profile cases with potential future measures to protect confidential information.
In a significant development in the legal tussle between the renowned cryptocurrency exchange Binance and the U.S. Securities and Exchange Commission (SEC), Judge Amy Berman Jackson has ruled against granting a protective order sought jointly by both parties.
This order, had it been approved, would have restricted the public disclosure of critical documents and data pertinent to the ongoing litigation.
The ruling reflects a shift towards transparency in a case that is being closely watched by the crypto community and regulatory observers, raising the stakes for how sensitive information is managed in high-profile legal disputes.
bitcoins bullWe have entered the bull market. Yes there will be pull backs. As of writing this we are at 35762. Don't let others tell you how to trade. Take everything with a gain of salt. If you flip the chart upside down, and pretend this was reality you would sell. So why won't you long, fear of losing money? theres always a chance of losing money. Lots of people screaming bear. Don't listen to the majority. Take your own intuition into account. If your wrong own up to it and figure out why you made those mistakes. Don't be like others follow your own path. Listen to your gut, and weed out the fake gore's. Stay patience and your dreams will turn into reality.
Bearish set-up on STORJUSDTReasons for short:
- Head and Shoulders formation
- Bearish Divergence on RSI
- Bearish reversal signal on FRSI
- Price crossed below the whipsaw-resistant trend cloud signalling the beginning of a potential downtrend
Levels:
Entry - $0.4687
Take Profit - $0.3267
Stop Loss - $0.4999