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BTC UPDATE - 29.07.2024 / Will the growth continue?1d: I observe repeated liquidity manipulation of the lower accumulation boundary, followed by aggressive movement to the first target in the form of 69198.7 On 1h Tf: we see an aggressive and balanced order flow. I want to see the continuation of this upward movement from current through reaction to local imbalance and change of structure on lower tf. There is also an option of leaving through liquidity overshift in the imbalance zone (69273.9 - 68800). Buyer's next target on bitcoin: high at 72132.8
Long
by trademansi0n
XRP to the moon ? or something around 2.2USDBased on the transformation of the weekly Moving Average Convergence Divergence (MACD) into a bullish pattern and a significant likelihood of a breakout from the triangle formation, it is plausible to anticipate a substantial surge in XRP's price in the coming weeks. Technically speaking, the convergence of the MACD lines, specifically the crossover of the MACD line above the signal line on the weekly chart, signals a bullish momentum shift. This is often accompanied by increased buying pressure, suggesting a potential uptrend in the near future. Furthermore, the formation of a triangle pattern typically indicates a period of consolidation, with prices oscillating within a narrowing range. A breakout from this pattern, especially when coupled with bullish MACD signals, tends to lead to a significant price movement. XRP, as a digital asset, offers several advantages within the cryptocurrency landscape. Firstly, its transaction speed is notably faster compared to traditional banking systems and even other cryptocurrencies like Bitcoin. This attribute makes it ideal for facilitating quick and efficient cross-border payments and remittances. Additionally, XRP operates on a decentralized ledger system, providing security and transparency in transactions while bypassing intermediaries, thereby reducing costs. Moreover, its scalability enables it to handle a high volume of transactions, making it suitable for widespread adoption in various sectors. In the broader context of the cryptocurrency market, XRP serves as a crucial bridge currency, facilitating seamless transactions between different cryptocurrencies and fiat currencies. Its utility and practical applications contribute to its significance in the cryptocurrency space, positioning it as a viable solution for real-world financial challenges. Considering these technical indicators and the inherent strengths of XRP, it wouldn't be surprising to witness a price surge, potentially pushing XRP to around the $2 mark in the upcoming weeks. However, as with any financial prediction, it's essential to exercise caution and conduct thorough research before making investment decisions.
Long
by Bitcoinblockchainonline
BITCOIN IDEA FOR LONG After rejection of 100 and 200 DMA for the second time, at the same time they were at the same price weekly and daily level at 27980. The zone I marked is supported by a daily level, two weekly levels, a monthly level and a Fibonacci level of 0.618. Above that zone we have the fibonacci level of 0.382, which is at the same price as the daily level, below the 0.5 fibonacci level, below which the 50DMA occurs. Wait for the setup, if the price appears before this zone, try long.
Long
by learnfromfailure
BTC up and downHello friends, I was unfortunately blocked yesterday =D so after some exasperation I am sharing this today. A trend line that traces the price's growth so far has its own strength and importance. It is currently around the 28400+ level. However, there is another way of looking at the matter. The parallel band that stretches around the 27400 level is also quite important. If the price fails to meet expectations for a pullback and instead continues a downtrend, this band could serve as a potential retest spot. This could mean that the price could try to test this level before possibly attempting another downward move. so be careful with a Long position and a rather drastic reversal can occur. A possible change in the scenario can take place at any time. so be careful with your money and always own TA. I am currently following MFI and it still looks like a possible entry into the position, PS I recommend from long-term experience for traders with small capital to trade at max 4 leverage anyway
BINANCE:BTCUSD
by Bitcoinblockchainonline
Bitcoin ($BTC) 3 Bullish scenariosLeft Chart: 1. I have displayed a head and shoulder formation that could take around 42k BTC. I already posted this scenario a couple months ago on my Twitter twitter.com Middle Chart 2. I drew an ABCDE move on the middle chart for longer-term and mid-term price forecasts. The short-midterm ABCDE move, which we have just confirmed/completed, suggests that we were about to reverse towards the upside creating an S/R (Support Resistant) Flip. As for the green wave, we have just finished our C move and bounced off the new demand zone, completing our D move as the price will likely move up as we are currently trending the upside to complete our E move. Targeting aorund 42k based on the 0.5 fib level Right Chart 3. Simple cup and holder formation that could take us to around 47k BTC.
Long
by yoyokenwan
Merit Circle MCUSDT Price Analysis (1d)When analyzing MCUSDT, we can observe several reversal signs, notably the presence of Bullish Divergence on both the RSI and MACD histogram. These indicators hint at a potential move for this token. Additionally, we've identified a resistance line that has been attracting sellers since early 2022. As a result, our initial target is a move towards this resistance line. Looking ahead, there is hope for a breakout from the resistance and a possible reversal process later in 2023, but it's still premature to make any concrete predictions at this stage. As always, it's important to closely monitor the price and consider managing risks below current support level at 0.16. _ Merit Circle is a decentralized autonomous organization (DAO) that aims to develop the play-to-earn (P2E) economy. It enables users to earn money by playing games they enjoy, turning gaming into a source of income. The project has gained a large community following and supports popular games like Axie Infinity. It plans to expand its support to other games such as Star Atlas, Illuvium, and Hash Rush in the future. What makes Merit Circle unique is its focus on maximizing value accrual across different games in the metaverse. It provides opportunities for gamers to generate significant income and has established partnerships with prominent names in the industry. During its seed round, Merit Circle raised $4.5 million with support from angel investors and industry-leading partners like DeFiance Capital and Yield Guild Games.
M
by Vestinda
Crypto Total Market Cap, $There are several factors that could contribute to the significant drop in cryptocurrency market capitalization to around $42 billion. The following events or factors could affect such a decline: Massive sell-off of cryptocurrencies: If there was a massive sell-off of cryptocurrencies by investors and traders, demand would decrease and prices would fall. This type of sale could be due to, for example, security concerns, regulatory restrictions or broader economic factors. Regulation and bans: If countries or regulators take strict measures against cryptocurrencies, such as outright bans or significant regulation, this could lead to a decrease in investor interest and restrictions on cryptocurrency trading. Technical Issues: In the event of serious technical issues or vulnerabilities in blockchain networks or cryptocurrency exchanges, there could be investor distrust and reduced demand for cryptocurrencies. Negative Public Opinion: If public opinion about cryptocurrencies were to change dramatically due to, for example, widely publicized fraud, hacking or loss of money, this could lead to a loss of confidence and a decline in the value of cryptocurrencies.
CRYPTOCAP:TOTALShort
by Bitcoinblockchainonline
BITCOIN Fibonacci charts the new Bull Cycle! It's already began!This is Bitcoin (BTCUSD) on the 1W time-frame displaying all of its Cycles historically. I've used the Fibonacci Channel extensions to identify any possible correlations and how this can create a roadmap moving forward and project the next Cycle. To start putting the chart's indicators into perspective, the 1W MA50 is the blue trend-line, the 1W MA200 the orange, the 1W MA300 the red, while the yellow represents the Multiple 5 and the green the Multiple 6 of the Fib MA's. ** The next High ** For starters, I've made several publications on why the +.382 (horizontal) Fibonacci extension roughly calculates the Highs. I've plotted that on this chart again and as you see so far the 2.382 Fibonacci extension has roughly predicted the December 2013 High while the 3.382 extension, the December 2017 High. The previous Cycle though broke that progression and topped on the 3.786 Fib extension instead. This means that the top of the next Cycle doesn't have to be on the 4.382 Fib extension (roughly at $350k) but most likely will be in the lower 4.236 (230k) or even 4.0 (120k) tier. ** The Fibonacci Channel extensions ** But let's circle back to how the Fibonacci Channel extensions can relate to these patterns. As you see, the first two Cycle Highs have been (naturally for the first) on the 0.0 Fib with bottoms outside of the 0.5 Fib. The High of the next Cycle was on the 0.5 Fib with the Low outside of the 1.0 Fib. The Highs of April 2021 and November 2021 were outside of Fib 1.0 and the Low of June 2022, closer to the middle of the 1.5 Fibonacci extension of the Channel. This pattern, though not perfect, it shapes fairly well Bitcoin's parabolic path over the years. Based on that, the next High should be either on or on the left of Fibonacci Channel extension 1.5 but most likely after its middle and the Low either on or left of extension 2.0 (probably middle). ** The Triangles and the bottom based on LMACD ** Notice also that all Cycles have traded inside an Ascending Triangle pattern until they hit their prior (All Time) High, and after turned parabolic for some months to complete the Cycle's Top. As for those who are unsure if June was the bottom and if a new Bull Cycle now is not plausible amidst the current high interest and inflationary fundamentals, they can seek answers, only technically, on the 1W LMACD. As you see, we have completed the Ultimate Bottom Pattern: Formed a Bullish Cross and after a red rising histogram narrowed down, it has turned into green territory. MACD-wise, there isn't any other condition left to fill. So if the bottom is in, is a top by late 2024 a wild projection to make? Can those Fibonacci Channel extensions identify the logarithmic path of Bitcoin and if so is $120k, $230k or $350k the next top? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
17
ALGO, pay attention to this key level!On the ALGO chart you can highlight the key level of $1. Now this level acts as resistance. The price has already tested this level several times, with each test the level is weakening. Therefore, in case of squeezing and breakout, there could be a good opportunity for buying. But the whole market is in a downtrend right now, and many breakouts end up with a false breakout. Therefore, in case of a false breakout there might be a good opportunity to sell. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
2