BITCOIN 1W MACD Bearish Cross formed. Is it alarming?Bitcoin (BTCUSD) is on the 3rd straight bearish week (1W) following the 49000 High, which technically was a Higher High on the 1-year Channel Up. This is the 2nd Higher High structure within this pattern (first was on April 10 2023) and technically we are currently on the new Bearish Leg that seeks the formation of a new Higher Low at the bottom of the Channel Up.
** 1W MACD Bearish Cross **
This week's big development though is the completion of a Bearish Cross on the 1W MACD, the first one since July 24 2023 and before that May 29 2023. Both of those came after the peak formations but delivered at least another 3 weeks of downtrend.
** The 3-year Cyclical Demand/ Supply Zone **
Interestingly enough those peaks were priced on the 3-year Cyclical Demand/ Supply Zone, which we have analyzed extensively in previous publications (has been Support during the Bull Cycle and Resistance during the Bear Cycle). This time BTC is above that Zone and the current Bearish Leg has high probabilities of testing it as a Support (Demand) for the first time since May 2022.
** Where to buy? **
The medium-term supporting trend-line is the 1D MA200 (red trend-line), which is already near the middle of that Zone and long-term the 1W MA50 (blue trend-line), which is about to enter it. What long-term investors and Dollar-Cost-Average traders should be looking for is buy positions on those key levels. If the Cyclical Zone holds (i.e. keeps closing 1W candles above it), then it will be confirmed as a Supply level for the remainder of the Bull Cycle and most likely will propel the price to the new Parabolic Rally Phase after April's Halving.
** Next Target? **
Every Bullish Leg within the 1-year Channel Up has been around +100%, so as long as the pattern holds, we should be technically expecting a rebound of similar magnitude. Assuming the bottom (Higher Low) is priced as low as possible (on the 1W MA50), a new +100% rise will provide a Higher High around 65000, just below Resistance 2 (69150), which is essentially the All Time High (ATH). Historic patterns have shown that a buy just before the 1W MACD forms a Bullish Cross, is perhaps the most optimal entry in preparation for this rally.
But what do you think? Is Bitcoin about to test the Supply Zone and perhaps the 1D MA200 and 1W MA50? Are you waiting for a long-term buy there? Feel free to let us know in the comments section below!
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Cryptocurrencies
48.500$ very strong resistance.Fibonacci wedges play ground.
This is the possible scenario for me.
48.500$ very strong resistance of fibonacci wedge.
Full of action days are waiting for us.
Don't get caught up in FOMO.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
CTSI/USDT - Cartesi: BBand Breakout Super-Trend◳◱ On the $CTSI/ CRYPTOCAP:USDT chart, the Bband Breakout Super-Trend pattern suggests an upcoming trend shift. Traders might observe resistance around 0.225 | 0.25 | 0.2977 and support near 0.1773 | 0.1546 | 0.1069. Entering trades at 0.2992 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Cartesi
▣ Rank: 220
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Cartesi - "The Blockchain OS" is a decentralized Layer-2 infrastructure that supports Linux and mainstream software components. For the first time, developers can code scalable smart contracts with rich software tools, libraries, and the services they’re used to, bridging the gap between mainstream software and blockchain.
Cartesi is enabling millions of new startups and their developers to use The Blockchain OS and bring Linux applications on board. With a Linux virtual machine, optimistic rollups, and side-chains, Cartesi paves the way for developers of all kinds, to build the next generation of blockchain apps.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.2992 ₮
▣ 24HVol: 53,696,068.223 ₮
▣ 24H Chng: 63.766%
▣ 7-Days Chng: 48.67%
▣ 1-Month Chng: 45.52%
▣ 3-Months Chng: 114.88%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.225 | 0.25 | 0.2977
◢ Support: 0.1773 | 0.1546 | 0.1069
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.75
▣ Last 90D: 1.93
▣ Last 1-Y: 0.77
▣ Last 3-Y: 0.92
◲◰ Volatility :
▣ Last 30D: 1.00
▣ Last 90D: 0.80
▣ Last 1-Y: 1.04
▣ Last 3-Y: 1.80
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.52 - Bullish
▣ Reddit sentiment score is 0.68 - Bullish
▣ In-depth CTSIUSDT 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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BITCOIN Weekly Outlook - 22/01/24 Hello everyone,
as I ment in last week idea, I am expecting BTC rather going LOWER then Highier,
prior to FED meeting which is next week.
Since we doesnt have much volatility last week, Im would expect bigger moves to occur later this week, when Market related reports start coming...
To understand further view I would suggest to first check this out:
As right now: I would suggest be very carefull with NEW trade opens , and manage them very carefully since there is potentionall for liquidity swept due to low range last week...
So, everyone who WAS Short before this post or decided to go Short after, should be in favorable position right now. (opening price at time of post is represented by purple dotted line)
Our Liquidity Sellside targets are same as was last week.
BUT what would I suggest to everyone, and doing myself is ↓↓↓↓↓↓
Create STOP LOSS order ABOVE weekend Highs
WHY? , - Have in mind, we are still in Monday PRE-MARKET, if we all of sudden reverse today, before late week news drivers, we can potentionally go to OTE targets from last week. And in that case we would LOSE on our trade... Thats Why we wanna create STOP LOSS order above weekend price BUT under our OPENING price. So even if market reverse, our position still be closed in very small profit but not end in loss!!!
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
POLYX/BTC - Polymesh: Ascending Triangle◳◱ On the $POLYX/ CRYPTOCAP:BTC chart, the Ascending Triangle pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 0.00000432 | 0.00000467 | 0.0000054 and support near 0.00000359 | 0.00000321 | 0.00000248. Entering trades at 0.00000402 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Polymesh
▣ Rank: N/A
▣ Exchanges: Binance, Huobipro
▣ Category/Sector: N/A
▣ Overview: Polymesh project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000402 ₿
▣ 24HVol: 0.577 ₿
▣ 24H Chng: 1.005%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000432 | 0.00000467 | 0.0000054
◢ Support: 0.00000359 | 0.00000321 | 0.00000248
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth POLYXBTC 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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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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PLA/BTC - PLA: Trend Reversal◳◱ On the $PLA/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.00000486 | 0.00000508 | 0.00000568 and support near 0.00000426 | 0.00000388 | 0.00000328. Entering trades at 0.00000503 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: PLA
▣ Rank: 313
▣ Exchanges: Binance
▣ Category/Sector: Payments - Gaming
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000503 ₿
▣ 24HVol: 3.636 ₿
▣ 24H Chng: 7.021%
▣ 7-Days Chng: 9.20%
▣ 1-Month Chng: -0.73%
▣ 3-Months Chng: 19.30%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000486 | 0.00000508 | 0.00000568
◢ Support: 0.00000426 | 0.00000388 | 0.00000328
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.28
▣ Last 90D: 1.15
▣ Last 1-Y: 0.21
▣ Last 3-Y: 0.73
◲◰ Volatility :
▣ Last 30D: 0.63
▣ Last 90D: 0.63
▣ Last 1-Y: 0.72
▣ Last 3-Y: 2.30
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.86 - V. Bullish
▣ In-depth PLABTC 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 $30.
Discover it here - affiliate link -
NEAR ($NEAR): Technical rebound in mid-termTrend is still bearish on daily and weekly chart, but at the same time we do not exclude an interesting technical rebound in mid-term. In this analysis we just wanted to share our view and how it could develop (Impulsive Structure), for more details on support and resistance levels, visit our Blog. With this in mind, from a technical point of view, AMEX:NEAR still remains under pressure, so we do not rule out a bearish consolidation before a price recovery.
🔴 TRADING STRATEGY
The best strategy may be to accumulate long positions on weakness (by the dip) with small sizes.
🔴 RISK MANAGEMENT
Use only the portion of assets willing to lose (1%/2%)
Analysis by
Anonymous Banker Team
Like | Share | Comment
Big speculators are not buying the dip!While there is not much to talk about the price action due to Bitcoin trending mainly sideways since our last article, one notable thing is catching our attention. Despite a pullback in the price of Bitcoin, there is no increase in the number of Bitcoin addresses with balances exceeding 100 BTC and 1,000 BTC, suggesting that big players are not buying the dip (unlike on previous occasions when Bitcoin gave up a significant portion of its gains). That is, indeed, a very worrisome development as it comes at a time when bullish momentum is disappearing in the broader cryptocurrency market as well as in the stock market. As a result, we continue to monitor the same things we outlined in the previous article and remain on high alert.
Illustration 1.01
Illustration 1.01 shows another upward-sloping channel playing an important role.
Illustration 1.02
Illustration 1.02 displays the daily chart of Bitcoin's MACD. If MACD breaks below the midpoint, it will strongly bolster a bearish case.
Technical analysis gauge
Daily time frame = Neutral (turning increasingly bearish)
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.
HEXUSD Bottom is in! Excellent x10 profit opportunity.HEXUSD has had the strongest 1W green candle last week since the week of October 16 2023. It closed a week above the 0.236 Fibonacci level for the first time since July 10 but the biggest bullish development is that the 1W MACD histogram broke above its Descending Lower Highs trend-line, which is a major divergence from the early 2023, indicating that the market bottom has most likely been priced last October.
As a result, we are now looking at HEX's upside again with the first natural Resistance level being the 0.382 Fib, which is where the 1W MA50 (blue trend-line) is headed to. That is our short-term Target. On the long-term we are aiming at the 0.133750 Resistance which from the current level it is more than x10 returns. However we are willing to commit to that only if the 1W MA100 breaks (and closes a candle above), which is where the massive March 20 2023 rejection started or after a pull-back to the 0.236 Fib again.
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BITCOIN MACD bottom pattern shows when to Buy and when to Sell !Over the years we have discovered many historic patterns applicable to Bitcoin's (BTCUSD) Cycles. With a relative degree of volatility every time, since each Cycle has it's own distinct characteristics and fundamental events that shape it, those patterns can help traders/ investors construct strategies for buying and selling on a long-term scale.
This time we have come across a very unique pattern on the 1M time-frame, which can identify where to Buy and where to Sell, near the Tops and Bottoms respectively, on a Cyclical scale.
Starting from the November 2011 bottom onwards, each Cycle is measured at either 3.58 or 3.83 years to the point where the 1M MACD bottoms. The last MACD bottom and start of reversal was on February 2023, while BTC was trading around 23k on average. Still not as appealing as the November 2022 16000 but low enough to provide an excellent (and confirmed) long-term dip buy entry compared to the previous $69000 All Time High.
At the moment the price is on the 0.236 Fibonacci level of the current Cycle and as you can see on the chart, this is the level where BTC makes a 1-2 month pull-back. The Tops are priced either on the 0.5 or 0.618 Fibonacci levels. This means that long-term investors could take their profits either on January 2025 or July 2025, if the current Cycle lasts again 3.58 years. And as for the next bottom based on the model, it is expected on December 2026, where we can take a (relatively) confirmed buy position again for the long-term.
But what do you think about that MACD bottom model? Are you also expecting a new Cycle Top within January - July 2025? Feel free to let us know in the comments section below!
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Link wave 5 in or coming?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!
BIST:LINK update. 🧵
In @ 13.92, TP.
Thinking #Elliottwave sideways possibility since the price got up here.
I also know sideways can be tricky.
Trading tricky is tricky.
There are ways to minimize getting chopped.
2 W5 coming counts, if It's not in already...
New high=clarity
RNDRUSD Expecting a technical pull-back.Render Token (RNDRUSD) gave us the bullish break-out we were looking for to buy on our last analysis (August 24 2023, see chart below) as the 1W MA50 comfortably held and provided the rebound that hit our Target:
The price had a strong rejection on the Diverging Higher Highs trend-line of the 1-year Channel Up since and is currently on the 1D MA50 (blue trend-line). The 1D RSI is replicating the June 2023 sequence so it is quite probable to get one last pull-back towards the 1D MA200 (orange trend-line) - 1W MA50 (red trend-line) Support Zone before a new rally. Target between 3.000 - 2.800.
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BITCOIN Will it respect the 3-year Pivot Zone?Bitcoin (BTCUSD) had a strong rejection last week shortly after breaking Resistance 1 (48400), which was the high of the March 28 2022 1W candle. That is technically strong enough to initiate a medium-term pull-back on its own. The correction bias get even stronger though if we consider the 3-year Pivot Zone which has been relevant since January 11 2021, initially as a Support (held numerous times, see green circles) and later as a Resistance (red circles).
A potential test of even the top of the Zone would bring the BTC as close as possible to the 1W MA50 (blue trend-line), which would be a healthy medium-term correction before the next parabolic rally starts. The next Resistance is the 68900 All Time High (ATH) and obviously our next long-term Target.
But what do you think? Will Bitcoin give us this pull-back buy opportunity? Feel free to let us know in the comments section below!
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Negative Wolfe wave pattern, RSI, MFI using TF2H on CHZ/USDTUsing TF2H on CHZ/USDT chart, in this method we used a Wolfe wave negative pattern with negative divergence in RSI and MFI, you may check out the ETA and EPA of this analysis as well as the TPs and SL. please share your thoughts on my analysis, your criticism is crucial to developing me in analysis. Thanks!
⚠️Disclaimer: this is not for real-money use but only made for educational purposes⚠️
BITCOIN The path to All Time Highs is scripted.It has been 14 months (November 14 2022) since we published our first (and to this date most important) Bitcoin (BTCUSD) Cycle comparison between 2022/ 2023 and 2014/ 2015:
www.tradingview.com
As you can see the main driver behind this comparison was the FTX crash in November 2022 and the Bitfinex crash in August 2015, which both acted as catalysts for the bottom. Following the FTX crash/ bottom, the price action has so far followed quite closely the 2015/ 2016 recovery.
On today's analysis, also on the 1W time-frame, we focus on the Rising Wedge that funneled the price action from the Cycle bottom to the bullish recovery. The similarities between the two Cycles are remarkable:
1. Bounce on the Lower Highs and 1W MA50 (blue trend-line) break-out, which basically confirmed the transition into the Bull Cycle.
2. Immediate Channel Down after the 1W MA50 break-out on the Rising Wedge's first Higher High.
3. 1W MA50 supporting since the break-out.
Right now we are in the stage where the price has broken above the Rising Wedge. In June 2016 this caused a short-term correction back inside the Wedge towards the 1W MA50, which as mentioned held. If BTC continues to replicate that Cycle, does it mean that such a technical correction is due? The 1W MA50 is currently above 30000 and rising aggressively.
But what do you think? Are you expecting a 1 - 1.5 month pull-back from here and then a new All Time High after April's Halving? Feel free to let us know in the comments section below!
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ETCUSD Still on huge upside potential despite the current rally.Ethereum Classis (ETCUSD) is having an incredible +65% rally these past 4 days that has emphatically broken above the Bear Cycle's Lower Highs trend-line for good. Despite this remarkable rise, the price is still vastly undervalued below even the 0.382 Fibonacci retracement level from the All Time High (ATH), thus it has a huge upside potential.
The next critical Resistance level is 46.3500 and that is our long Target as it is where both the 0.5 Fibonacci level and Resistance 1 are.
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BITCOIN ETF APPROVED!! Aggressive rally to $120k possible?Exactly a year ago (January 18 2023) we posted our last Fibonacci MAs study and called for a calculated rally while the rice was still at 20k:
It is now time to expand on our original idea and update it using the Mayer Multiple Bands. Basically, as you can see on the chart below, the Mayer MA helped us on June 17 2022 identify the Bottom Phase on the 1W MA300:
On the current analysis the 1W MA300 is portrayed by the blue trend-line but our focus has shifted to the black trend-line (Mayer Multiple Mean), which just broke emphatically this week. As you can see, when BTC has broken above this level since November 2015 (green circles), it starts aggressive rallies (lowest of those 3 has been the April - June 2019 of +180%).
The dashed curve represents the Bull Cycle Rally phases and if the +180% mininum black trend-line rise is repeated, expect at least $120000 as the current Cycle High. It might be less aggressive than the previous ones (Theory of Diminishing Returns and Cycle lengthening) but it should hit at least the orange trend-line (2nd upper SD) as it has always done in the past.
But what do you think? Are we going to see such a strong rally now that the Mayer Multiple Mean has been broken? Feel free to let us know in the comments section below!
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HIVE/USDT - Hive: SuperTrend BBand Breakout◳◱ On the $HIVE/ CRYPTOCAP:USDT chart, the Supertrend Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.3761 | 0.4142 | 0.4815 and support near 0.3088 | 0.2796 | 0.2123. Entering trades at 0.3346 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Hive
▣ Rank: 305
▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: Media and Entertainment - Content Creation and Distribution
▣ Overview: Hive is a platform for creating decentralized applications (dApps), specializing in content distribution apps, that originated from a contentious chain split with Steem. As a result of the fork, the Hive network contains all of the content previously deployed to Steem. The split arose from a protracted battle between the former Steem community and the Tron Foundation after the latter acquired popular Steem-based app, Steemit Inc., including its STEEM holdings. Hive intentionally did not distribute HIVE tokens to Steem accounts associated with Tron so their perceived adversary could not have a stake in the new network.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.3346 ₮
▣ 24HVol: 1,172,934.055 ₮
▣ 24H Chng: -2.846%
▣ 7-Days Chng: -10.44%
▣ 1-Month Chng: -13.07%
▣ 3-Months Chng: 11.79%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.3761 | 0.4142 | 0.4815
◢ Support: 0.3088 | 0.2796 | 0.2123
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -2.04
▣ Last 90D: 1.08
▣ Last 1-Y: 0.57
▣ Last 3-Y: 0.74
◲◰ Volatility :
▣ Last 30D: 0.42
▣ Last 90D: 0.50
▣ Last 1-Y: 0.58
▣ Last 3-Y: 1.35
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.82 - V. Bullish
▣ Twitter sentiment score is 0.63 - Bullish
▣ Reddit sentiment score is 0.67 - Bullish
▣ In-depth HIVEUSDT 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.
Discover it here - affiliate link -
VANRY/USDT - : Trend Reversal◳◱ On the $VANRY/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.06426 | 0.0729 | 0.08843 and support near 0.04873 | 0.04184 | 0.02631. Entering trades at 0.05814 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name:
▣ Rank: N/A
▣ Exchanges: Binance, Kucoin, Gateio
▣ Category/Sector: N/A
▣ Overview: project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.05814 ₮
▣ 24HVol: 4,430,028.200 ₮
▣ 24H Chng: 3.803%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.06426 | 0.0729 | 0.08843
◢ Support: 0.04873 | 0.04184 | 0.02631
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◲◰ Volatility :
▣ Last 30D: N/A
▣ Last 90D: N/A
▣ Last 1-Y: N/A
▣ Last 3-Y: N/A
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth VANRYUSDT 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!
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BITCOIN Formed the first 1W Golden Cross in history!Bitcoin (BTCUSD) completed with last week's candle a Golden Cross on the 1W time-frame, its first ever in history! That alone is a monumental development, as the Golden Cross pattern is a powerful technical formation, especially on stable long-term time-frames such as the 1W.
Apart from the technicalities, this pattern becomes even more important considering the fact that it was formed only three days before the all important decision of the U.S. Securities and Exchange Commission regarding the approval of a Bitcoin ETF.
On the current analysis we decide it would be productive to maintain a long-term perspective on BTC and interpret the Golden Cross and the potential ETF approval on a macro Cyclical scale. As you can see, we are on that certain level during each Cycle when the Parabolic Rally is about to take off. Principally, there is nothing that can hold BTC back, especially after Halving 4 this April and every pull-back on the dotted trend-line is technically a long-term buy entry.
But what do you think? Is this first ever 1W Golden Cross along with a potential ETF approval really what Bitcoin needs to take off and approach the All Time High? Feel free to let us know in the comments section below!
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DOT - This time is different?DOT is another asset I trade maybe once or twice a year - I gave up trading it after the 2021 top and I saw many people got burnt trying to long it over the past few months since bitcoin's 15k bottom.
I still prefer lower targets, but time is at an important place so I might be too greedy to wait for it. Still, if lower targets comes within this week and the next, it can be a good buy hodl for mid to long term.