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Bitcoin, Move As Expected, Testing The Higher Levels! Hello, Traders Investors And Community and welcome to this update-analysis about the current events happening in BTCUSD, we are looking at the locally 4-hour time-frame and at the moment BTCUSD is testing the falling red trend-line as expected and mentioned in the recent analysis if you did not already saw this analysis I highly recommend you to watch it to have a full-depth-insight, I pointed out there that when BTCUSD manages to take out the resistance at 8780 to 8850 there is a high probability that BTCUSD will test remaining higher resistance-zones and exactly this scenario happened now. Now, when looking at my chart you can see that bitcoin is just at the current moment testing the falling red trend-line with a lowe momentum spike, that can indicate that BTCUSD will fall back to the support which you see in my chart marked with the orange box before moving higher above the falling red trend-line. Remember that this orange support has to be confirmed properly when we see low volatility here and no concrete reversal signs the support can be invalidated and the price can turn down after several weak bounces. The other possibility is that the BTCUSD price is that much strong that we increase in price here and establish to move above the falling red trend-line this will be a highly bullish move which can bring the price to the 10260 to 10440 level which you can see marked in my chart with the blue box, from there we will definitely have a high resistance cluster where a pull-back is in the possible spectrum. But at the moment I see the first scenario more possible because the price begins to weaken at resistance currently. Overall we can contemplate that BTCUSD is building an range in the level here and that it will be highly interesting where this range is going to breakout. When we establish solid support here it is possible for bitcoin to move above the range and confirm in the bullish zone but this has to be confirmed rightfully without the proper confirmation BTCUSD will still hang in a sideway-market where the breakout in either the bullish or bearish direction has to play out and confirm further so we can take advantage of it and trade the highest possible scenario. Thanks for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
17
(AKRO) WCA - Inverted Head and ShouldersHello and thank you for taking the time to read my post. Today, we analyze the Akropolis (AKRO) chart with the ticker AKRO/USDT on the weekly scale, focusing on a classic price pattern called "Inverted Head and Shoulders." Inverted Head and Shoulders Pattern: This pattern consists of three parts, always in the same order: the left shoulder, the head, and the right shoulder. These can be sharp or rounded. Ideally, the shoulders should have symmetry, which makes the pattern easier to identify. The bottoms between the troughs form a recognizable trend line. Additionally, we have a trendline called the neckline, which acts as the current resistance line. Technicians refer to this line as the neckline. Ideally, the neckline should be horizontal. Chart Analysis: Upon examining the Akropolis (AKRO) price chart, we can clearly see that this classic price formation is taking shape. The neckline can be found in price terms at 0.00608. We have a clear downtrend, represented by the blue diagonal resistance line, which has been in place since 05/04/2021. All the spikes above the neckline are a good indication that there is extreme price resistance at the neckline, and that a breakout above this neckline is quite significant. So, we are watching closely. The formation can span from weeks to months, making this more of a watch-list candidate than a direct trade. Moreover, the weekly 50 EMA is also moving downwards, providing yet another reason to observe rather than to trade at this time. The pattern exhibits the necessary criteria and symmetry between the lines. Although we cannot predict when or if the price pattern will break out, we can certainly prepare for it. Conclusion: The Akropolis (AKRO) weekly chart showcases a classic Inverted Head and Shoulders pattern with a neckline at 0.00608. Although the exact timing of a breakout remains uncertain, the pattern provides valuable insights into potential market movements. By closely monitoring the neckline, the blue diagonal resistance line, and the downward trending weekly 50 EMA, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
2
$276 #XRP Price Prediction Im convinced history will repeat and the 2018 ATH (3.618 c.FIB) will hit a price tag of $276/XRP by 2025. The 2013 c.FIB nailed the 3.618 target price ($3.31) in 2018 ATH. ==========IMHO===== The trend is broken, but thinking there is another larger trend to be broken right after the 90% Draw Down in 2017 right before the massive parabolic green candle. There will be another 90% draw down sceanrio coming in soon/2023 that will indicate if history is repeating. Will 2023/2025 nail the 3.618 c.FIB of $276 XRP Price tag ? Will we hit the $26 mid cycle, PAUSE, and shoot to $276!?!?! Will 2023/2025 repeat the same cycle in 2013? Does history repeat? ========================= FACTS: - 2013 3.618 c.FIB ($3.31) merked the 2018 ATH - 2013 1.618 c.FIB ($0.15) marked the projected bottom - 2013 1.618 FIB ($0.35) marked the - 2013 Broke the Trend, retest, and had a 90% Draw Down 2013 - 3.618 c.FIB Projected Price 2021 ATH: $3.31 ($3.31 actual) 2021 Bottom: $0.15 ($0.11 actual) 2021 Mid Cycle resistance: $0.36 2018 - 3.618 c.FIB Projected Price 2025 ATH: $276 (TBD) 2025 Bottom: $9.31 (TBD) 2025 Mid Cycle resistance: $26 (TBD)
BITSTAMP:XRPUSDLong
by XRP-Jonny
4
Bitcoin will plummet to 23k-28kBitcoin has struggled in recent days. The rest of the market may be delinking itself from Bitcoin, but in an early economy, I think we're seeing a huge 'warning zone' much like we did last year before the crypto crash. Fib Circles and a series of supports based on common price floors and Bollinger Band/EMA critical points. Stoch K and EMA are both going southward too. After plummeting to 26k (still over 250% gain in one year) I believe Bitcoin will stabilize in a 34k-40k range for a while. A different analysis put ETH at it's mythical $9k high in Nov '22, so read into that as you will. Maybe Ethereum surpasses Bitcoin marketcap this year ... ? *shrug* Classic fib circle playing out in double drop outer ring.
Short
by BigSwifty
9
Doge has created a new trend! Strong support at .30 cents.Doge has held the .30 cent mark since the first push past .30 cents. It is a strong floor that can have serious potential growth upwards from it. It is very bullish that Doge has not plummeted all the way down after the hype died off and even go up to .35 cents again at some points. I am long and very bullish on Doge with $1 dollar being the obvious price target at this moment while in the future possibly even higher. Don't let people tell you Doge is a meme or a joke and has no actual use because they are simply wrong and spreading misinformation. Doge has obvious support and a very strong community behind it, all we need is corporate acceptance. This is not financial advice and I am simply stating my opinion.
by xLucky900
5