IMX - Potential 430% Swing LongJust a late-night brain dump. I've been trading IMX and WOO for the past 6 months almost everyday and noticed they respect my strategy in similar fashion - so i wanted to look for a correlation between their price action.
To my limited FA knowledge, they don't have anything in common at all, but that doesn't matter at all. With fractals, I don't care too much about the internal moves, but mainly pay attention to the swing points. It's pretty straightforward and an easy 430% win at worst if you just sit on your hands for 8-12 months. Could be a lot better if you'd take profit and compound them in between, but sometimes that doesn't end well.
Let's see how that plays out.
Cryptocurrencies
MKRUSD Channel Up top hit. Pull-back expected.We last looked into Maker (MKRUSD) 4 months ago (see chart below) where we called for a buy that eventually hit our 1600 target:
This time we are making a sell call as the price hit the top of the 5-month Channel Up. Our target is just above the 0.618 Fibonacci retracement level at 1500, which has been the pull-back level of the last two medium-term corrections within the Channel. It is likely that the market tests the 1D MA200 (orange trend-line) there, before it rebounds aggressively for the 2024 parabolic rally.
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Huge upside potential for tron trxthe chart is pretty self-explanatory
there is a massive pattern for trxusd on the daily chart...
please set the target and stop loss accordingly
100 percent profit potential for a 10% stop loss
this trade is worth taking.
this is just entertainment and NOT financial advice :)
good luck!
$SFUND looks to have bottomed againThe following is not the type of investment that we incorporate into ROW PARTNERS. However, I like #cryptocurrencies & seek smaller coins outside of the top 10. Why? they tend to deliver the biggest returns in bull markets. These can easily show 10 - 30x returns with some doing more than that.
If you'd like to see these kind of posts please visit our profile page.
Here's a taste...
---
Those following us for some time now know that we're advocates on always taking some sort of profit after big runs.
AM STILL HOLDING $SFUND!
Up 5x atm & don't see reason to sell!
Only issue with #SFUND is the Fully Diluted Mkt Cap.
Going to keep an eye on unlock dates.
IF THEY THINK IT GOES HIGHER, they won't sell & unlocks don't always mean they are selling.
#altcoins
Insights into Bitcoin Futures as 2024 brings new regulations inIntroduction to Bitcoin Futures
Bitcoin Futures represent a significant intersection of traditional financial markets and the innovative world of cryptocurrencies. They allow traders to speculate on the future price of Bitcoin, providing a way to hedge against price volatility or to profit from price movements. As we step into 2024, the potential approval of spot Bitcoin ETFs is poised to further transform the landscape for Bitcoin Futures.
The Impact of Spot Bitcoin ETF Approval
Spot Bitcoin ETFs are directly tied to the current price of Bitcoin (spot price). Their likely potential approval by U.S. regulators could have substantial implications for the Bitcoin market. Firstly, it's expected to increase market liquidity by providing an accessible avenue for traditional investors to enter the cryptocurrency space. Secondly, it could lead to greater price stability and potentially higher prices due to increased demand. However, it's also important to consider the potential risks, such as amplified market reactions to regulatory news and changes in the underlying asset.
Parallel Analysis of Other ETFs
To understand the potential impact of a Bitcoin ETF, it's instructive to look at the introduction of other commodity and currency-based ETFs:
GLD (Gold ETF): Following the introduction of GLD, which is linked to COMEX Gold Futures (GC), the gold market saw increased liquidity and interest from new investor segments, contributing to significant price rallies.
GLD Performance Chart
SLV (Silver ETF): Similar to GLD, the introduction of SLV, linked to COMEX Silver Futures (SI), led to increased investor participation and price movements in the silver market.
SLV Performance Chart
FXE (Euro ETF): Linked to CME Euro Futures, FXE provided investors an easy way to gain exposure to euro currency movements, affecting trading volumes and price volatility.
FXE Performance Chart
USO (WTI Crude Oil ETF): Tied to NYMEX WTI Crude Oil Futures, USO's introduction affected the oil market by providing more access and potentially contributing to price movements during significant market events.
USO Performance Chart
Historical Implications for Bitcoin
The history of these ETFs suggests a pattern: the introduction of an ETF could lead to increased market participation and, often, significant price movements. For Bitcoin, the approval of a spot ETF could similarly increase market participation and price volatility, at least in the short term. Over the long term, it could help stabilize and mature the market as more institutional investors get involved.
Forward-Looking Insights
Given the potential approval of spot Bitcoin ETFs, traders and investors in Bitcoin Futures might expect several scenarios. An immediate increase in volatility could be likely as the market adjusts to the influx of new participants. Over time, we might see a more liquid and stable Bitcoin market.
Planning for a Risk-Defined BTC Opportunity:
Risk Management : Experienced traders prioritize risk management. Using stop-loss orders or hedging techniques is imperative to avoid undefined risk exposure.
Precision in Entries and Exits : Aligning entries and exits with relevant market price levels can help manage risk. When a price point generates a bounce, the trader stays in the trade; if a price level is violated, the disciplined action is to exit the trade promptly for a predetermined loss.
Relevant Price Levels for BTC : Currently, BTC shows relevant resistance levels starting at 51,585 and support between 39,640-34,295.
Proposed Trade Plan:
ENTRY: 39,640
STOP-LOSS: 34,295
TAKE PROFIT TARGET: 51,585
This trade plan offers a 2.23 Reward-To-Risk ratio, providing a structured approach to capitalizing on potential market movements.
In order to manage risk and use the right contract size, traders need to take into consideration the Point Value for BTC Futures being $25 per point.
Traders should prepare for both the opportunities and risks this change could bring, considering strategies that allow flexibility and risk management.
Conclusion
The potential approval of spot Bitcoin ETFs in 2024 is set to make waves in the Bitcoin Futures market. Drawing parallels from the history of other ETFs, we anticipate increased market participation and potential price movements. As we navigate this evolving landscape, staying informed and adaptable will be key to capitalizing on the opportunities and navigating the challenges ahead.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes, forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
BTC - Daily bullish symmetrical triangleForget the double top — we're seeing a symmetrical triangle formation. #BTC 's gearing up for a rise, not a new ATH but expect an uptick.
Stay sharp; a dip could follow. That's the crypto rollercoaster!
#btcusdt is currently accumulating at these levels, eyeing the last peak for a fresh bullish surge.
Price action indicators suggest a rise is quite likely, and we're anticipating an upward move in the near future
AERGO/BTC - Aergo: Resistance Breakout◳◱ On the $AERGO/ CRYPTOCAP:BTC chart, the Resistance Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 0.00000368 | 0.00000386 | 0.0000042 and support near 0.00000334 | 0.00000318 | 0.00000284. Entering trades at 0.00000352 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Aergo
▣ Rank: 459
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Infrastructure - Enterprise and BaaS
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000352 ₿
▣ 24HVol: 1.081 ₿
▣ 24H Chng: 0.571%
▣ 7-Days Chng: 2.64%
▣ 1-Month Chng: -14.75%
▣ 3-Months Chng: 52.77%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000368 | 0.00000386 | 0.0000042
◢ Support: 0.00000334 | 0.00000318 | 0.00000284
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: -1.61
▣ Last 90D: 2.29
▣ Last 1-Y: 1.09
▣ Last 3-Y: 0.91
◲◰ Volatility :
▣ Last 30D: 0.58
▣ Last 90D: 1.19
▣ Last 1-Y: 0.84
▣ Last 3-Y: 1.33
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.52 - Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth AERGOBTC 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
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BEAMX/USDT - : TD Sequential◳◱ On the $BEAMX/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.022337 | 0.025321 | 0.031073 and support near 0.016585 | 0.013817 | 0.008065. Entering trades at 0.0173 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name:
▣ Rank: N/A
▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0173 ₮
▣ 24HVol: 8,405,476.208 ₮
▣ 24H Chng: -7.437%
▣ 7-Days Chng: N/A
▣ 1-Month Chng: N/A
▣ 3-Months Chng: N/A
◲◰ Pivot Points - Levels :
◥ Resistance: 0.022337 | 0.025321 | 0.031073
◢ Support: 0.016585 | 0.013817 | 0.008065
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ 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 BEAMXUSDT 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
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LTC/USDT - Litecoin: Falling Wedge◳◱ On the $LTC/ CRYPTOCAP:USDT chart, the Falling Wedge pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 74.14 | 77.16 | 83.25 and support near 68.05 | 64.98 | 58.89. Entering trades at 73.24 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Litecoin
▣ Rank: 22
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: Litecoin is a fork of Bitcoin's codebase with four times faster block times and a four times larger supply. The project considers itself complementary to Bitcoin as a silver to Bitcoin's gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin.
◰◲ Technical Metrics :
▣ Mrkt Price: 73.24 ₮
▣ 24HVol: 47,073,976.056 ₮
▣ 24H Chng: -4.086%
▣ 7-Days Chng: 1.27%
▣ 1-Month Chng: 5.74%
▣ 3-Months Chng: 7.66%
◲◰ Pivot Points - Levels :
◥ Resistance: 74.14 | 77.16 | 83.25
◢ Support: 68.05 | 64.98 | 58.89
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: SELL
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: 1.57
▣ Last 90D: 1.19
▣ Last 1-Y: 0.42
▣ Last 3-Y: 0.26
◲◰ Volatility :
▣ Last 30D: 0.46
▣ Last 90D: 0.43
▣ Last 1-Y: 0.66
▣ Last 3-Y: 0.93
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.52 - Bullish
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth LTCUSDT 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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LINK/USDT - Chainlink: Falling Wedge◳◱ On the $LINK/ CRYPTOCAP:USDT chart, the Falling Wedge pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 16.264 | 17.265 | 19.582 and support near 13.947 | 12.631 | 10.314. Entering trades at 15.259 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Chainlink
▣ Rank: 16
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Services - Data Management
▣ Overview: Chainlink is a decentralized oracle network. It aims to serve as a middleware between smart contracts on smart contracting platforms and external data sources, allowing smart contracts to securely access off-chain data feeds.
◰◲ Technical Metrics :
▣ Mrkt Price: 15.259 ₮
▣ 24HVol: 75,890,616.439 ₮
▣ 24H Chng: -4.917%
▣ 7-Days Chng: -2.66%
▣ 1-Month Chng: 5.93%
▣ 3-Months Chng: 89.72%
◲◰ Pivot Points - Levels :
◥ Resistance: 16.264 | 17.265 | 19.582
◢ Support: 13.947 | 12.631 | 10.314
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 0.96
▣ Last 90D: 3.18
▣ Last 1-Y: 1.59
▣ Last 3-Y: 0.58
◲◰ Volatility :
▣ Last 30D: 0.85
▣ Last 90D: 0.93
▣ Last 1-Y: 0.75
▣ Last 3-Y: 1.09
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.74 - Bullish
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.50 - Bullish
▣ In-depth LINKUSDT 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 The Ultimate Pitchfan Cycle AnalysisBitcoin (BTCUSD) has seen a significant mid-Cycle growth in the past 2 months, approaching the pivotal 50k level. Technically a break above the 48.5k Resistance, constitutes the beginning of the Parabolic Phase of the Bull Cycle.
There isn't a better way to illustrate this transition than the use of the Pitchfan tool. Rarely used on BTC analysis and even more so on the long-term Cyclical patterns, it displays as you can see a very accurate illustration of the Cycles and specifically the stage we are currently at.
Every Resistance break-out usually takes place around the Halving event, which is the fundamental that typically signals the start of the rally to a new All Time High (ATH). The market is only 4 months away from this event and based on this every pull-back to the 1D MA50 is a buy opportunity to Dollar Cost Average (DCA).
So what do you think? Do you expect a Bullish Break-out into the new Parabolic Rally soon? Feel free to let us know in the comments section below!
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A pattern resembling triangle arisesIn a previous article about Bitcoin, we discussed how it has been struggling to move higher since early December 2023. Additionally, we outlined a few bearish developments on the daily chart and emphasized the weak trend. Currently, we are paying close attention to the pattern resembling an ascending triangle on the hourly chart. A breakout above the upper bound of the pattern will bolster a bullish case and potentially lay the path for Bitcoin’s continuation to $48,000. Contrarily, a failure of the price to break through the upper bound will dampen the odds of a continuation higher; the same applies to the distortion of the pattern. However, considering that the number of Bitcoin addresses (with balances exceeding 100 BTC and 1,000 BTC) ticked higher following the dip in the price, it looks like big players might be positioning themselves for another move up. As a result, our stance remains unchanged.
Illustration 1.01
Illustration 1.01 shows the daily chart of BTCUSD and the upward-sloping channel. The price’s return within the channel remains a real possibility, especially if the price breaks to the downside from the pattern we showed on the hourly chart.
Technical analysis gauge
Daily time frame = Slightly bearish (no trend/very weak trend)
Weekly time frame = 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.
VET/USD Secondary trend. Wedge. Pivot zones.The secondary trend. Logarithm. Time interval: 3 days.
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work.
I would like to point out that the coin, unlike many cryptocurrencies, is in substantial profit. In case the existing support breaks through, there is a prospect of shorting to the designated reversal zones.
Work in the long.
I have marked the reversal zone support levels and percentage of them to the resistance zones.
Linear chart. Time frame is the same.
Local area of double bottom 40%
Major trend. Time frame 1 week.
VET/USD Main trend.Accumulation/distributionPivot zones
Daily chart is starting to turn slighlty bearishAfter establishing a new yearly high on 8th December 2023, Bitcoin has been struggling to move higher. In addition to that, technicals on the daily graph began to reflect the loss of bullish momentum and started to turn bearish. Simultaneously, this has been accompanied by an ongoing decline in the number of Bitcoin addresses with balances exceeding 100 BTC and 1,000 BTC (in the latter group, the decline is less pronounced, though). Besides that, Bitcoin’s market dominance has declined rapidly since around 6th December 2023. All these developments are slightly concerning and raise the odds of a significant correction. Nevertheless, our stance has not changed, and we will continue to observe the market from the sidelines.
Illustration 1.01
The picture above shows the daily chart of BTCUSD and RSI. The green and red arrows highlight the divergence between the price and RSI.
Illustration 1.02
Illustration 1.02 displays the daily chart of BTC.D (Bitcoin’s market dominance).
Illustration 1.03
Illustration 1.03 portrays the daily chart of BTCUSD and simple support/resistance levels derived from past peaks and troughs.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = 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.
BITCOIN Will it hit 48k before the New Year?Bitcoin (BTCUSD) is currently testing the 1-month Higher Lows trend-line that has been supporting the price action since the November 22 Low. Even though the 4H MA50 (blue trend-line) has been acting as a Pivot, the 4H MA200 (orange trend-line) has been intact and supporting since October 15 and is right below that Higher Lows trend-line.
Technically, the price action from December 08 until now is similar to that between November 09 - November 27. What followed after the (d) wave bottomed on the Higher Lows trend-line was a +21% rally.
If the final sequence is repeated as well, we can expect the 48300 March 2022 High to get tested.
But what do you think? Will that be the case and if so, do you expect 48k to get hit before January 01 2024? Feel free to let us know in the comments section below!
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MANA/BTC - Decentraland: BBand Breakout◳◱ On the $MANA/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00001319 | 0.0000138 | 0.00001554 and support near 0.00001145 | 0.00001032 | 0.00000858. Entering trades at 0.00001287 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Decentraland
▣ Rank: 71
▣ Exchanges: Binance, Kucoin, Huobipro, Bittrex, Kraken, Hitbtc
▣ Category/Sector: Media and Entertainment - Virtual and Augmented Reality
▣ Overview: Decentraland is building a decentralized, blockchain-based virtual world for users to create, experience and monetize content and applications.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001287 ₿
▣ 24HVol: 31.116 ₿
▣ 24H Chng: 8.151%
▣ 7-Days Chng: 17.82%
▣ 1-Month Chng: 20.64%
▣ 3-Months Chng: 88.67%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001319 | 0.0000138 | 0.00001554
◢ Support: 0.00001145 | 0.00001032 | 0.00000858
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 4.55
▣ Last 90D: 3.51
▣ Last 1-Y: 0.87
▣ Last 3-Y: 1.03
◲◰ Volatility :
▣ Last 30D: 0.75
▣ Last 90D: 0.73
▣ Last 1-Y: 0.83
▣ Last 3-Y: 1.62
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.71 - Bullish
▣ In-depth MANABTC 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
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GAS/BTC - NEO GAS: Failure Swing◳◱ On the $GAS/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.0001703 | 0.0001804 | 0.0001983 and support near 0.0001524 | 0.0001446 | 0.0001267. Entering trades at 0.000174 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: NEO GAS
▣ Rank: 129
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.000174 ₿
▣ 24HVol: 16.678 ₿
▣ 24H Chng: 8.007%
▣ 7-Days Chng: 12.44%
▣ 1-Month Chng: -12.48%
▣ 3-Months Chng: 224.95%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0001703 | 0.0001804 | 0.0001983
◢ Support: 0.0001524 | 0.0001446 | 0.0001267
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -5.17
▣ Last 90D: 2.99
▣ Last 1-Y: 1.48
▣ Last 3-Y: 0.95
◲◰ Volatility :
▣ Last 30D: 0.51
▣ Last 90D: 2.34
▣ Last 1-Y: 1.50
▣ Last 3-Y: 1.54
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.43 - Bearish
▣ Reddit sentiment score is 0.40 - Bearish
▣ In-depth GASBTC technical analysis on Tradingview TA page
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◲ Disclaimer
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XRP/BTC - XRP: BBand Breakout◳◱ On the $XRP/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00001475 | 0.00001525 | 0.00001613 and support near 0.00001387 | 0.00001349 | 0.00001261. Entering trades at 0.00001466 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: XRP
▣ Rank: 7
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex
▣ Category/Sector: Payments - Currencies
▣ Overview: XRP is a cryptocurrency aiming to increase the speed and reduce the cost of transferring money between financial institutions. Underpinning Ripple's xRapid product, an on-demand liquidity solution, XRP is used as a bridge currency for financial institutions exchanging value between multiple fiat currencies. XRP is the native token of the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001466 ₿
▣ 24HVol: 444.655 ₿
▣ 24H Chng: 3.239%
▣ 7-Days Chng: 4.52%
▣ 1-Month Chng: 2.77%
▣ 3-Months Chng: 27.56%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001475 | 0.00001525 | 0.00001613
◢ Support: 0.00001387 | 0.00001349 | 0.00001261
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.06
▣ Last 90D: 1.89
▣ Last 1-Y: 0.93
▣ Last 3-Y: 0.79
◲◰ Volatility :
▣ Last 30D: 0.36
▣ Last 90D: 0.49
▣ Last 1-Y: 0.94
▣ Last 3-Y: 1.18
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.76 - V. Bullish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.66 - Bullish
▣ In-depth XRPBTC technical analysis on Tradingview TA page
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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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REEF - 15m scalp bullish opportunityThe bears have made several attempts to reach the support zone without success, indicating they may be losing steam. This suggests that the REEF price has the potential to climb to the top of the trading range, at the very least.
The Others- So you have BTC.D, ETH.D and you have also " The Others".
- There's plenty of other fish in the ocean.
- This is just a Fibo analysis but a bit advanced chart.
- Make your own diligences and learn about fibonacci trading strategy.
- All Fibos retracements and extensions are annotated in the chart.
To keep it basic like always :
- the most interesting thing to follow right now in this chart is :
- " The Yellow zone making a Triangle ".
- Be confident and Hodl steady.
Happy Tr4Ding !
Bitcoin mulling the return into the channel?Since the start of this month, Bitcoin has been trading above the upper bound of the upward-sloping channel, which begs the question of Bitcoin’s return to it. With that said, there are a few developments that we are paying close attention to. First, the number of Bitcoin addresses with balances exceeding 100 BTC is down from where it was at the start of the month, particularly on 5th December 2023, when it stood at 16,006, and Bitcoin broke above $44,000; since then, the number has been pretty much trending down (with upticks on the pullbacks in Bitcoin’s price). As for the number of addresses with balances exceeding 1,000 BTC, this remained relatively steady throughout the month. In addition to that, on the daily chart, technicals like RSI, MACD, and Stochastic reversed to the downside in the past few days. Furthermore, ADX continued to decline, suggesting the bullish momentum is decreasing. Meanwhile, on the weekly chart, RSI reached a strongly overbought level, ringing a small alarm bell to us; though, we want to note that the weekly chart remains bullish (at least for now). Consequently, we prefer to wait on the sidelines slightly longer. However, there might be one interesting short setup if Bitcoin drops below the channel's upper bound (with stop-loss above it).
Illustration 1.01
Illustration 1.01 portrays the daily chart of BTCUSD and simple support/resistance levels derived from past peaks and troughs.
Technical analysis gauge
Daily time frame = Bullish (with the trend losing momentum)
Weekly time frame = 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
AAVE/USDT Trading IdeaWe're discussing the development idea in the accumulation phase for the AAVE/USDT crypto pair.
In June 2022, there was a notable decline in the asset, hitting a local bottom of the existing bearish trend at $45.80. However, it confidently surged from this level, reaching $115.27, showing over a 150% increase . Later on, the asset chart displayed the formation of a descending triangle, accompanied by significant trading volumes.
Currently, we observe AAVE's price breaking out of the described triangle and starting to trade within an ascending channel , confined by values from $115.27. This might indicate a potential continuation of the accumulation phase with a possible price squeeze toward the local maximum. Hence, the present trends and price chart structure suggest interesting dynamics in the asset's movement.
Considering these trends, it's conceivable that the asset is preparing to surpass the local maximum of $115.27, paving the way for further upward movement. The initial target for this upward trend could be the strong resistance level at $200. If this level is successfully breached and bullish pressure is sustained, the subsequent potential target could be around $260.