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CRPTOCURRENCY

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.
BINANCE:BTCUSDLong
by AI-signals
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
BITSTAMP:BTCUSDLong
by PalenTrade
4
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.
COINBASE:LINKUSDLong
by Sporia
89
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.
COINBASE:LINKUSDLong
by Sporia
21
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.
COINBASE:LINKUSDLong
by Sporia
5
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
COINBASE:LINKUSDLong
by Sporia
43
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.
COINBASE:ETHUSDLong
by Sporia
2
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.
COINBASE:BTCUSD
by henryartem
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.
Long
by technicalFalco87
3
Possible Bottoming pattern forming It is very much possible that Bitcoin is forming a bottom as we speak , we have just had that distribution uptrust after a big move down where everyone thinks its going to reverse and then it comes back into range then everyone panics its going lower. But really what happens is far more boring , we go back into a range for a breakout later when everyone been rekt both ways. This bottom pattern appears in many different time frames , the larger the timeframe the bigger the move. If we do breakdown further , CME gap at 20k is likely to close
COINBASE:BTCUSDLong
by Sporia
5
Chainlink Update (The same playbook )Since October 2022 I have been getting things wrong with chainlink a lot , pretty much the only coin where I missed the target and time over and over . Most of the time its easier to trade Litecoin because it actually has organic movement. Chainlink has not been moving organically in my opinion , there is no historical price movement that we can compare this sideways movement for over 400 days. For me atleast it was looking like this was some sort of wyckoff accumulation period and we just had a spring event. In my previous TA I tried to give traders a heads up that this was highly likely a coordinated move to get Chainlink at much lower prices. It was very clear to me that this was the case just based on the wave of news and timing of the flash crash structure that came shortly after. Its the same playbook over and over if its not a ETF to bring price up , its SEC hammer to bring it down or "China ban" or Elon musk selling btc holdings for tesla etc etc you get the picture. So where are we now , still under the 1/2 Gann Fan , at 6.8 dollars Chainlink will be over the 1/2 Gann Fann , lets see if its start closing above it that would signal a big change for LINK in terms of market structure. We also have this very nice support line here which until now I didn't notice , seems to be bouncing off this support for a long time. As I posted in my previous post of LINK , my indicators have been flashing bullish divergence and 5 wave counts across the board. This EW count suggests wave 5 is in and target is just under 8/1 Gann Fan , very interesting. and finally we have the most important Chainlink chart , the LINK/BTC dominance last LINK TA I talked about potential hidden bullish divergence if it bounced on this trendline. We got that bounce. So to conclude here , never sell your Chainlink at these levels , there is clearly big things happening in the background , when a coin has coordinated attacks to dump price and goes into some sort of Wyckoff accumulation its extremely bullish long term it might not seem that way short term and its been a long road for LINK holders but the play in a bear/sideways market is always to load up on fundamentals .
COINBASE:LINKUSDLong
by Sporia
21
ChainLink End Of The RoadChainlink has posed a challenging cycle thus far, with an extended period of sideways accumulation for over a year. However, the time has now come for the asset to make a move. The Gann Fan indicator illustrates that there is limited room for further sideways action, with three rejections of the 1/2 Fan occurring in the last two years. If we do break out of this range, we must either move downwards or make a significant upward move, which will likely last until late June 2023. At this point, a move to the 1/1 Gann Fann level with 20 dollars as the maximum price increase seems the most plausible. Looking at the facts, the monthly histogram for LINK indicates a building momentum, with lighter closures suggesting a potential shift in trend. Additionally, LINK has experienced four straight months of weekly lower highs since the start of the year. My hypothesis is that we will reach a peak in June 2023, which lines up with the predictions for LINK based on the chart below: The USDT dominance chart has completed its 5 waves and ABC correction, with the final wave most likely to start next week once the yellow support level is broken Furthermore, the Bitcoin Dominance chart has also completed 5 waves and is currently experiencing a rejection of the 8/1 Gann Fan, indicating that alt season is likely on the horizon. If Link fails to break the 1/2 Gann Fann level to the upside, the downside target would be HKEX:5 , though this scenario has a lower chance of playing out at the moment.
COINBASE:LINKUSDLong
by Sporia
12
Long Trade (Bitcoin)It is beautiful sight seeing these patterns again, ascending triangles on bitcoin uptrends have very high chance to break to the upside in my experience. Here are some examples last bull run. The momentum is heavily to the upside guys its time to long the trend. Its time to use moon cycles again this equinox? will it be as easy again as 2021?, lets take a look at the chart . Since October 2022 we have had 6 full moons that have resulted to fairly good moves to the upside. We just to happen to have one today aswell so something to look at it, in 2021 it had a crazy hit rate. what a run that was using moon cycles , could we be entering the same period again now? Breakout target is 32.4k Stop loss :27.5k
COINBASE:BTCUSDLong
by Sporia
4