NFP/USDT - New Frontier Presents: BBand Breakout◳◱ On the $NFP/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.58147 | 0.66395 | 0.78956 and support near 0.45586 | 0.41273 | 0.28712. Entering trades at 0.59082 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: New Frontier Presents
▣ Rank: None
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: N/A
▣ Overview: New Frontier Presents project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.59082 ₮
▣ 24HVol: 10,421,685.717 ₮
▣ 24H Chng: 6.381%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.58147 | 0.66395 | 0.78956
◢ Support: 0.45586 | 0.41273 | 0.28712
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -9.79
▣ Last 90D: -2.54
▣ Last 1-Y: 2.23
▣ Last 3-Y: 1.11
◲◰ Volatility :
▣ Last 30D: 0.88
▣ Last 90D: 0.72
▣ Last 1-Y: 0.65
▣ Last 3-Y: 24.98
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth NFPUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Cryptocurrencies
CHR/USDT - Chromia: BBand Breakout◳◱ On the $CHR/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.2813 | 0.2972 | 0.3349 and support near 0.2436 | 0.2218 | 0.1841. Entering trades at 0.3636 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Chromia
▣ Rank: 197
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Hitbtc
▣ Category/Sector: Infrastructure - Application Development
▣ Overview: Chromia (previously Chromapolis) is a Layer-1 blockchain that is also an Ethereum Virtual Machine (EVM) compatible Layer-2 solution for Ethereum and the Binance Smart Chain. Chromia is designed to achieve three goals: allow dApps to scale to millions of users, improve the user experience of dApps to match those of centralized applications, and create familiar paradigms that allow developers to build secure applications.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.3636 ₮
▣ 24HVol: 12,843,426.679 ₮
▣ 24H Chng: 12.465%
▣ 7-Days Chng: 36.36%
▣ 1-Month Chng: 28.82%
▣ 3-Months Chng: 183.90%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.2813 | 0.2972 | 0.3349
◢ Support: 0.2436 | 0.2218 | 0.1841
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 2.36
▣ Last 90D: 3.89
▣ Last 1-Y: 0.92
▣ Last 3-Y: 1.04
◲◰ Volatility :
▣ Last 30D: 1.07
▣ Last 90D: 1.11
▣ Last 1-Y: 0.87
▣ Last 3-Y: 1.53
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.49 - Bearish
▣ Reddit sentiment score is 0.42 - Bearish
▣ In-depth CHRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ACE/USDT - Acent: Super Trend◳◱ On the $ACE/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 9.3841 | 10.4912 | 12.2727 and support near 7.6026 | 6.9282 | 5.1467. Entering trades at 9.3594 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Acent
▣ Rank: 1914
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: N/A
▣ Overview: Acent project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 9.3594 ₮
▣ 24HVol: 14,331,992.102 ₮
▣ 24H Chng: 8.559%
▣ 7-Days Chng: -0.82%
▣ 1-Month Chng: -25.65%
▣ 3-Months Chng: 63.16%
◲◰ Pivot Points - Levels :
◥ Resistance: 9.3841 | 10.4912 | 12.2727
◢ Support: 7.6026 | 6.9282 | 5.1467
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.01
▣ Last 90D: 1.82
▣ Last 1-Y: 0.79
▣ Last 3-Y: 0.61
◲◰ Volatility :
▣ Last 30D: 1.31
▣ Last 90D: 5.54
▣ Last 1-Y: 3.14
▣ Last 3-Y: 3.05
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth ACEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ID ADX Breakout Before Price Breakout Channeling upThe MACD Signaled a Buy with the EMA Crossovers happening above the Signal Line.
We're Channeling on the 1.0 and 1.618 fib showing bullish Strength.
We can see before ID Broke out almost 100% the ADX Broke out a Resistance Line and is Now Channeling Upward
Below is the Call that Made ID Catch my Attention
🔎 *Symbol*: `ID/USDT`
📈 *Signal*: `Long`
💲 *Current Price*: `0.61248`
🛑 *Stop-Loss*: `0.18023112000000002`
💰 *Market Cap*: `286793089.6509273`
🚪 *Entry Prices*:
📥 Entry Price 1: `0.36552888`
📥 Entry Price 2: `0.42284556000000006`
📥 Entry Price 3: `0.46917000000000003`
📥 Entry Price 4: `0.51549444`
🏁 *Exit Prices*:
📤 Exit Price 1: `0.8154255600000001`
📤 Exit Price 2: `0.90807444`
📤 Exit Price 3: `1.05804`
📤 Exit Price 4: `1.2080055600000001
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook:
Bitcoin has experienced a significant increase during this week's trading session, surpassing the predicted Inner Coin Rally of 44200. As a result, it has achieved our Outer Coin Rally projection of 47500. The next target for Bitcoin is to reach the Key Resistance level of 48700, followed by the Inner Coin Rally of 49500. The ultimate goal is to achieve the Outer Coin Rally of 53000. However, if there is a decline in the coin value, it may retest a Mean Support level of 46000 before continuing its upward trend.
BITCOIN forming the first 4H Golden Cross in 5 months!Bitcoin (BTCUSD) is about to form a Golden Cross on the 4H time-frame, which will be the first such formation in almost 5 months (since September 18 2023)! Regardless of the time that has passed since its last occurrence (which is a strong parameter), that pattern alone is a strong enough bullish signal for the short-term.
This can be the signal that can trigger a strong rally back to January's High but within the technical context of the dominant medium-term pattern that is none other than an Inverse Head and Shoulders (IH&S). That is a technical bullish reversal pattern that is formed on market bottoms.
It could be no coincidence that the last 4H Golden Cross (chart on the right) was formed while BTC was completing an Inverse Head and Shoulders. The standard target of such patterns is the 2.0 Fibonacci extension level. As you see on October 20 2023 that was exactly where the price consolidated and it happened to be a Resistance level from a former High.
The 2.0 Fib on the current IH&S happens to be only marginally above the 49000 Resistance and that is our Target for the short-term.
Do you agree that the emergence of a 4H Golden Cross and the Inverse Head and Shoulders can take the price back to January's High? Feel free to let us know in the comments section below!
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Big speculators positioned themselves before the rip, what now?Overnight, Bitcoin leaped higher, breaking above $44,500. As this move was preceded by an aggressive rise in the number of Bitcoin addresses with balances exceeding 1,000 BTC, we consider it important to watch out for what will happen to this number in the upcoming days; a drop in the figure could suggest large speculators are utilizing an uptick in the price to sell holdings accumulated during the recent dip, raising slight concerns and dampening the chances of Bitcoin continuing to new highs. On the technical side, the RSI’s bearish structure became distorted, and the MACD fully entered a bullish zone above the midpoint (on the daily time frame). Both of these developments are bullish in the short term. Consequently, it seems appropriate to keep targeting $48,000 for as long as Bitcoin stays above $43,900.
Illustration 1.01
The chart above shows a distortion of the RSI’s bearish structure on the daily chart.
Illustration 1.02
Illustration 1.02 portrays the daily graph of Bitcoin’s MACD. The yellow arrow indicates a breakout into a bullish area.
Technical analysis gauge
Daily time frame = Slightly bullish
Weekly time frame = Slightly bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
AVAX/USDT - Avalanche: Trend Reversal◳◱ On the $AVAX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 37.55 | 40.22 | 45.52 and support near 32.25 | 29.62 | 24.32. Entering trades at 35.29 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Avalanche
▣ Rank: 10
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
◰◲ Technical Metrics :
▣ Mrkt Price: 35.29 ₮
▣ 24HVol: 97,441,798.042 ₮
▣ 24H Chng: 2.796%
▣ 7-Days Chng: 4.15%
▣ 1-Month Chng: 1.68%
▣ 3-Months Chng: 139.28%
◲◰ Pivot Points - Levels :
◥ Resistance: 37.55 | 40.22 | 45.52
◢ Support: 32.25 | 29.62 | 24.32
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.92
▣ Last 90D: 3.90
▣ Last 1-Y: 1.04
▣ Last 3-Y: 0.78
◲◰ Volatility :
▣ Last 30D: 0.89
▣ Last 90D: 1.17
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.29
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.27 - V. Bearish
▣ In-depth AVAXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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SOL/BTC - Solana: BBand Breakout◳◱ On the $SOL/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.0023843 | 0.0025267 | 0.0027507 and support near 0.0021603 | 0.0020787 | 0.0018547. Entering trades at 0.0022642 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0022642 ₿
▣ 24HVol: 566.038 ₿
▣ 24H Chng: 2.092%
▣ 7-Days Chng: 3.31%
▣ 1-Month Chng: 1.71%
▣ 3-Months Chng: 78.15%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0023843 | 0.0025267 | 0.0027507
◢ Support: 0.0021603 | 0.0020787 | 0.0018547
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.58
▣ Last 90D: 3.32
▣ Last 1-Y: 2.00
▣ Last 3-Y: 1.35
◲◰ Volatility :
▣ Last 30D: 0.77
▣ Last 90D: 1.16
▣ Last 1-Y: 0.89
▣ Last 3-Y: 1.25
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.66 - Bullish
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.36 - Bearish
▣ In-depth SOLBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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NKN/BTC - NKN: BBand Breakout Super-Trend◳◱ On the $NKN/ CRYPTOCAP:BTC chart, the Bband Breakout Super-Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00000252 | 0.0000026 | 0.00000274 and support near 0.00000238 | 0.00000232 | 0.00000218. Entering trades at 0.00000246 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: NKN
▣ Rank: 401
▣ Exchanges: Binance, Kucoin, Huobipro, Hitbtc
▣ Category/Sector: Infrastructure - IoT
▣ Overview: NKN is a public blockchain that aims to use economic incentives to motivate Internet users to share network connections and utilize unused bandwidth. NKN aims to be a network for building decentralized applications in a way that enhances peer-to-peer data transmission and connectivity.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000246 ₿
▣ 24HVol: 0.498 ₿
▣ 24H Chng: -0.405%
▣ 7-Days Chng: 3.22%
▣ 1-Month Chng: 5.35%
▣ 3-Months Chng: 6.88%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000252 | 0.0000026 | 0.00000274
◢ Support: 0.00000238 | 0.00000232 | 0.00000218
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -0.59
▣ Last 90D: 0.65
▣ Last 1-Y: 0.31
▣ Last 3-Y: 0.88
◲◰ Volatility :
▣ Last 30D: 0.64
▣ Last 90D: 0.75
▣ Last 1-Y: 0.80
▣ Last 3-Y: 1.66
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.42 - Bearish
▣ In-depth NKNBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ADA/BTC - Cardano: Super Trend◳◱ On the $ADA/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00001211 | 0.00001262 | 0.00001344 and support near 0.00001129 | 0.00001098 | 0.00001016. Entering trades at 0.00001179 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Cardano
▣ Rank: 9
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Cardano is an open-source, smart-contract platform that aims to provide multiple features through layered design. Its modularization will eventually allow for network delegation, sidechains, and light client data structures. Cardano uses a version of Proof-of-Stake (PoS) called Ouroboros to secure the network and manage the block production process. The network features a native token called ADA that gives stakers a claim on new issuance in proportion to their holdings and allows users to pay for transactions.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001179 ₿
▣ 24HVol: 136.168 ₿
▣ 24H Chng: 5.93%
▣ 7-Days Chng: 3.87%
▣ 1-Month Chng: 2.89%
▣ 3-Months Chng: 36.53%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001211 | 0.00001262 | 0.00001344
◢ Support: 0.00001129 | 0.00001098 | 0.00001016
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.00
▣ Last 90D: 1.75
▣ Last 1-Y: 0.60
▣ Last 3-Y: 0.36
◲◰ Volatility :
▣ Last 30D: 0.74
▣ Last 90D: 0.88
▣ Last 1-Y: 0.69
▣ Last 3-Y: 0.96
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.96 - V. Bullish
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.73 - Bullish
▣ In-depth ADABTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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Do Not Miss This Token (SPA) an Easy 20XThe volume here says it all where it bottomed out and buying support came rushing in
We stayed bottoming on this support lined almost 2 years. We recently bounce off the support and crossed and closed above the 50-period moving average.
MACD Is above the Signal Live
Our Algorithm Gave the Signal Below This Morning (02/07/2024)
As always do your own research!
🔎 *Symbol*: `SPA/USDT`
📈 *Signal*: `Long`
💲 *Current Price*: `0.010087`
🛑 *Stop-Loss*: `0.0033446400000000007`
💰 *Market Cap*: `17192780.53204348`
🚪 *Entry Prices*:
📥 Entry Price 1: `0.007715359999999999`
📥 Entry Price 2: `0.00906732`
📥 Entry Price 3: `0.010159999999999999`
📥 Entry Price 4: `0.01125268`
🏁 *Exit Prices*:
📤 Exit Price 1: `0.018327319999999998`
📤 Exit Price 2: `0.02051268`
📤 Exit Price 3: `0.02405`
📤 Exit Price 4: `0.02758732`
BITCOIN rare signal. Is it staging a mega bullish break-out?Bitcoin (BTCUSD) is about to flash one of the strongest cyclical bull signals it can give as the 1M (monthly) RSI is attempting to break and close above the 62.50 level. What's so important about it? Every time that level broke with the price deep into the Bull Cycle, BTC started its most aggressive phase, the Parabolic Rally that ended on the Cycle's new (All Time) High.
Last time that happened was in October 2020 and the Cycle before in June 2016. Common characteristic on both occasions is that the price was above the 0.618 Fibonacci retracement level of the previous High. On this Cycle, Bitcoin has already broken (and closed) above it since December 2023. As a result, once this pre-Halving consolidation is over, we can expect the new Parabolic Rally to start.
In addition to the 1M RSI, the Vortex Indicator (VI) has diverged to its fullest last month after a Bullish Cross. Going back again to the previous two Cycles, symmetrically we are still at a level where BTC has established a Low/ Support and can only rise from here (exception of course the March 2020 COVID flash crash which set the market back for a few months. Also if it wasn't for the early 2019 Libra euphoria, the VI would have made the Bullish Cross at a later stage). As a result, comparing it with 2016 is more accurate.
But what do you think? Is this potential RSI break-out, the strongest bullish signal we can get right now? Feel free to let us know in the comments section below!
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ETHEREUM Is it about to start an insane parabolic rally?Ethereum (ETHUSD) has been consolidating since its High at the start of the year but on the longer term, the uptrend since the October 2023 Low is intact. The current analysis is basically an extension of our previous on November 23 2023 (see chart below):
As you can see the 1W MA50/ MA100 Bullish Cross (blue and green trend-lines respectively), has been formed for the first time since the August 17 2020 1W candle. That was the reason we previously drew comparisons with the August - September 2020 consolidation within the 0.618 - 0.5 Fibonacci range.
The 1W RSI is on a structured decline similar to that 2020 consolidation and that naturally can lead someone to believe that once it's over and a full 1W candle is closed above the 0.618 Fib, the Parabolic Rally of the Bull Cycle will start. So far even the symmetry from the Cycle Top to the current point in time is also identical to 2020 (around 970 days).
Do you think ETH will start an insane rally soon?
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Bitcoin might be mulling a big move to either sideBitcoin has been moving along the channel’s lower bound for over a week, with its trend turning increasingly neutral, as reflected in the declining ADX on the daily graph; in addition to that, the RSI has failed to distort the bearish structure and MACD has begun breaking above the midpoint. At the same time, the number of Bitcoin addresses exceeding 1,000 BTC has continued to rise, while the opposite has been going on among the addresses exceeding 100 BTC. In conclusion, the picture is mixed, bringing us to the setup we introduced in the previous article, with a bullish stance above the channel’s lower bound and a bearish outlook below it.
Illustration 1.01
Illustration 1.01 shows the daily chart of Bitcoin’s RSI. If it breaks above the resistance, it will distort a bearish structure. As a result, it will bolster a bullish case in the short term.
Illustration 1.02
The picture above shows the daily graph of Bitcoin’s MACD attempting to break above the midpoint. If successful, the breakout will be positive for the asset in the short term.
Illustration 1.03
The image above displays an alternative upward-sloping channel.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Slightly bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
The time to be bullish on ALTS is NOW.It hasn't been that long (October 05 2023) since we called for the start of a major Alt Season ahead:
As you can see, we caught the absolute bottom on the 494.45 Support, a pattern purely modeled out from the January - April 2023 sequence. On today's market update we look it from a wider perspective by comparing the current price action to the previous 2 Cycles.
Based on the 1W RSI and Gaussian Channel, the current market consolidation since December is very similar to August - October 2020, April - May 2016. We are above the Gaussian Channel, which turned green after the week of January 08, supported by the blue Lower High Support Zone. The 1W RSI has pulled back from the December 2023 overbought levels, which is again similar to the 2020 and 2016 sequences. We are basically on the symmetrical Support level where the past consolidations bottomed.
As a result, the Alts Market seems to be around the lowest level one can enter before rallies similar to late 2020 - 2021 and early 2016 - 2017 take place.
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FLR Extremely Bullish Move here 66% ago we signaled a buy on the macd and still have reason to believe this coin has close to 80% left in it!
You Can See the Fib Ranges and how well it's stuck to them with consolidating at the 1. before breakingout
With an absence of selling volume we believe this do wonders!
FLR was picked up on 2 of our scanners!
📈 *Name*: Flare
🔖 *Symbol*: FLR
💲 *Price*: $0.03
📉 *24h Change*: 16.75%
📊 *7d Change*: 45.81%
💰 *Market Cap*: $1010253766.38
🔄 *24h Volume*: $49806811.61
🏷️ *Tags*: dwf-labs-portfolio
🔎 *Symbol*: `FLR/USDT`
📈 *Signal*: `Long`
💲 *Current Price*: `0.03162`
🛑 *Stop-Loss*: `0.01935564`
💰 *Market Cap*: `1035993239.5091711`
🚪 *Entry Prices*:
📥 Entry Price 1: `0.025024360000000002`
📥 Entry Price 2: `0.02677782`
📥 Entry Price 3: `0.028195`
📥 Entry Price 4: `0.029612180000000002`
🏁 *Exit Prices*:
📤 Exit Price 1: `0.03878782`
📤 Exit Price 2: `0.04162218`
📤 Exit Price 3: `0.04621`
📤 Exit Price 4: `0.05079782`
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook:
During this week's trading session, Bitcoin has been experiencing a very tight trading range. Its progress has been obstructed by our Mean Res 43200, which has been causing a significant block jam. However, the market is anticipating a strong push through the Inner Coin Rally 44200, propelling the prices towards Mean Res 47000. This move is expected to be followed by a retest of the completed Outer Coin Rally 47500, which would signify a noteworthy milestone for Bitcoin's upward momentum. In case of a downside, the coin may retest a Mean Sup 42000 before continuing its upward trend.
LTCUSD Buy opportunity at 65.0126LTCUSD The best way to get sell opportunity is to place a SELL LIMIT order at 71.3844. Stop at 74.9058 Take Profit at 69.0549 and 67.0345
LTCUSD The best way to get Buy opportunity is to place a BUY LIMIT order at 65.0126. Stop at 60.9132 Take Profit at 67.0345 and 69.236
Use a proper money management plan according to your current capital and keep control of your psychology. Risk 3% of your capital.
BITCOIN Cycle Phases like you've never seen them before!On today's post we are basically upgrading our previous analysis (see chart below) with the addition of actual circle shapes on Bitcoin's (BTCUSD) Cycles and pies on their phases:
As you can see this reveals a groundbreaking illustration of the historic Cycles. We don't want to get you in the technical details of the trend, you can find everything by clicking on our previous publication.
But as you can see, on top of the tradition measuring of the Cycle phases (Bear, Accumulation, Bull), we have place Wedges/ Pies that fit into the actual Circles. Those Circles (as well as the pies naturally) are all the same size/ symmetry, which just goes to show you how similar BTC's Cycles are despite the different news and fundamentals that take place during each Cycle.
We use a Double Circle pattern to demonstrate more vividly the Cycles. Most of BTC's price action tends to be within that Zone that is made, even the 2018 - 2021 Cycle, despite the notable divergencies during the Accumulation (Libra euphoria) and Bull (Musk, Tesla adoption) phases, it eventually fell back within the Channel.
The presentation also reveals Bitcoin's current position relative to the previous Cycles (black "We are HERE" arrow). That's near the end of the Accumulation Phase, only a few weeks before the Halving, above the 1W MA50 (blue trend-line) and within the 0.618 - 0.5 Fibonacci Zone. The upside is enormous and since the price is above the Circles Channel as during February 2020, who is to say we won't see another outperformance, especially if positive fundamentals hit the market (ETF approvals already, potential Rate Cuts, more news of adoption every day etc).
But what do you think? Is this Cycle presentation accurate and if so are you expecting a massive rally as we approach the Halving? Feel free to let us know in the comments section below!
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Make or break momentMultiple developments are catching our attention as Bitcoin trades near the lower bound of the upward-sloping channel. First, for the past twelve days, there has been one of the most aggressive increases in the number of Bitcoin addresses with balances exceeding 1,000 BTC; at the same time, the opposite has been happening among the addresses with balances exceeding 100 BTC, which have been falling (with the decline becoming more rapid in the past three or four days). Second, the RSI has failed to distort a bearish structure on the daily chart, and MACD has failed to break above the midpoint. Simultaneously, the ADX has kept declining, suggesting the trend is relatively weak (whether bullish or bearish). As a result of a relatively ambiguous picture, we think the current situation presents both bullish and bearish setups concentrated around the price action near the channel’s lower bound.
Illustration 1.01
The picture above shows the daily chart of BTCUSD’s RSI. So far, it has not broken above the resistance and distorted the bearish structure.
Illustration 1.02
The illustration above shows the bearish setup, which involves taking a short position with the breakout below the channel's lower bound and placing a stop-loss above it, targeting the recent lows near $38,500 (of course, the setup’s strategy can also be reversed into a bullish trade, with opposite conditions, targeting $48,000). However, it is important to note that this bearish setup is very risky, considering the recent rise in the number of big speculators.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Neutral
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BItcoin Elliott wave impulse complete?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
BITSTAMP:BTCUSD update
Impulse complete?
Clues accumulating for this variant,
My favorite still missing, atm.
Refer to my video about impulse tops!
Will see if this is a LAIR or a LIAR.
These levels on watch.
43787
42839
42495
Bitcoin attempts to reenter the upward-sloping channelBitcoin edged higher over the weekend, briefly reentering the upward-sloping channel. At the same time, the number of Bitcoin addresses with balances exceeding 100 BTC and 1,000 BTC increased, suggesting big speculators might not be satisfied with the price yet to unload their newly acquired tokens during the dip. Therefore, our focus is on the lower bound of the upward-sloping channel. It will be positive if Bitcoin manages to break and stay above it. The same applies to technicals like RSI, MACD, and Stochastic if they continue reversing to the upside and growing. Nevertheless, a failure of the price to get back into the channel and a decline in the mentioned technicals will raise our concerns. We will update our thoughts as things progress.
Illustration 1.01
Illustration 1.01 shows the daily graph of BTCUSD’s RSI. A breakout above resistance will bolster bullish odds for Bitcoin. Contrarily, a failure will strengthen a bearish case.
Illustration 1.02
The image above displays the daily chart of BTCUSD’s MACD. A crossover above the midpoint will be bullish, while a failure will be bearish.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Neutral
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.