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BTC ON THE RISK ZONE BACK TO BELOW 30K (CRASH)BTC did increase with the least news and confirmed the important level of 30500, BTC still has a high risk for breakdown since the last world trends and Dow Jones expects on range that can meet the corona times effect when the USA charts did crash. For day trading BTC could be an option, for holding we expect that there is a good chance BTC can get a recovery below 30K again. Not every increase is a confirmed increase, some times a new increase brings more high breakdown volumes. Every high BTC crash did start with a break increase. Thank you for reading our update. Please remember that this is not advice for trading.
Short
by SatochiTrader
6
XLM/USDT - Stellar: Double_Bottom◳◱ We've a Double Bottom pattern on the LSE:XLM / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. We may consider buying at the neckline at the current price. The next resistance key levels are at 0.115 | 0.1193 | 0.1301 and the major support zones are respectively at 0.1042 | 0.0977 | 0.0869. ◰◲ General info : ▣ Name: Stellar ▣ Rank: 26 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Mexc, Bittrex ▣ Category/Sector: Payments - Currencies ▣ Overview: Stellar is an open-source payments network that serves as a distributed intermediary blockchain for global financial systems and circulates a native asset, Stellar Lumens (XLM). The Stellar blockchain allows anyone to issue new assets in the network and exchange for other assets via built-in asset exchange features. Assets on Stellar are issued and redeemed by anchors, who are trusted entities that issue digital credits on the Stellar network in exchange for deposits of the asset with the trusted entity. Anchors enable real world assets to be exchanged on Stellar by leveraging a distributed exchange that maintains an order book for every asset pair. Stellar supports the issuance of any type of asset including stocks, currencies, cryptoassets and more. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.1128 ₮ ▣ 24HVol: 8,075,126.789 ₮ ▣ 24H Chng: 2.732% ▣ 7-Days Chng: 4.49% ▣ 1-Month Chng: -1.73% ▣ 3-Months Chng: -22.53% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.115 | 0.1193 | 0.1301 ◢ Support: 0.1042 | 0.0977 | 0.0869 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.53 ▣ Last 90D: -2.36 ▣ Last 1-Y: 0.33 ▣ Last 3-Y: 0.59 ◲◰ Volatility : ▣ Last 30D: 0.36 ▣ Last 90D: 0.55 ▣ Last 1-Y: 0.88 ▣ Last 3-Y: 1.16 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.62 - Bullish ▣ Reddit sentiment score is 0.54 - Bullish ▣ In-depth XLMUSDT 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 -
by Crypto2AF
Cryptos: Great Hedge Against the Stock Market DeclineCME: Micro ETH Futures ( CME:MET1! ), Micro BTC Futures ( CME:MBT1! ) On March 29th, I published this trade idea: “Crypto Staged a Strong Comeback in Q1.” At the time, bitcoin was quoted $28,348, up $11,800 or +71.3% year-to-date. The main driver was flight-to-safety when a series of US bank failures shocked the financial markets. On July 17th, I published a follow-up idea, “Crypto Bull Market Appears to Take Hold.” Bitcoin was closed at $30,146, up 1,798 or +6.3% since the first report. While the 80%+ gain in the First Half had been remarkable, bitcoin was still 56.2% off its record high of $68,789. As price remerged above the critical $30K mark, investor confidence returned. I suggested that bitcoin would continue to rise. Last Saturday, spot bitcoin price was settled at $34,090. The leading cryptocurrency is up $17,542, or +106.0% YTD in 2023. Current price is 20.3% higher since I wrote the first idea, and up 13.1% further since I published the 2nd report. Ethereum, the other leading crypto currency, closed at 1,801 on Sunday, up 50.5% YTD. Key Drivers for Crypto’s Recent Rises In my opinion, the rising bitcoin prices could be attributed to the following: Firstly, strong law enforcement helps investor regain trust in cryptocurrencies. For a long time, bad actors found ways to steal investor’s money, even though the sector was built on blockchain technologies designed to safeguard crypto assets. This year, the SEC fined Binance, the largest crypto Exchange. Public trial of the founder of FTX, the defunct second largest Exchange, sent strong signals of investor protection. Secondly, crypto market benefits from investors rotating assets out of stocks. In the First Half, the S&P 500 was up 15% while the Nasdaq rose 38%. However, the boom in market indexes was a mirage, rather than a real broad-based bull market. The S&P did not behave like a well-diversified stock market index. The “Magnificent Seven”, which include Nvidia, Apple, Tesla, Microsoft, Google, Meta, and Amazon, represent 30% of the entire index and were up 60%, driven largely by the AI hype. At the same time, the remaining 493 companies were up only 3%. Altogether, the S&P 500 was up 15.8% as of June 15th. Similar phenomenon occurred at the Nasdaq index. In previously writings, I reasoned with my readers that the US stock indexes could no longer carry the heavy weight of hundreds of mediocre stocks. Rising interest rates eventually caught up with them. An average company saw its market value decline as prescribed by the Discounted Cash Flow stock valuation method. Since the Federal Reserve turned hawkish in recent weeks, investors became more pessimistic and began taking out stock market profits. On October 27th, the S&P closed at 4,117, a 10.3% drawdown from its yearly high of 4,589. The Nasdaq, at 12,643, was down 11.9% from 14,358. Both indexes are officially in the bear market territory. Meanwhile, bitcoin was up 16.6% in the last three months. Trade volume data suggests that investors are putting money into cryptos. • Coinbase market data shows that its bitcoin trading volume in October averaged $15.2 billion, up 35% from September and up 21% from Q3 average. • The S&P 500 traded 3.8 billion shares per day in October, up only 2.8% from September and up just 1.1% from Q3 average. Thirdly, the Israeli-Hamas conflict triggers a flight to safety. Investors moved money out of risky assets and into relatively safe assets, including gold, US dollar, and cryptos. • Since October 6th, COMEX gold futures were up 10.2%. At $2,016 per troy ounce, this is the first market close above $2K in over five months. • Dollar Index was last closed at 106.58, up 0.5% for the same period and up 3.0% YTD. • Bitcoin was up 24.2% while Ether rose 9.4% since the Gaza War broke out. Finally, growing expectations that the SEC will authorize exchange-traded funds investing directly in bitcoin pushed it up by more than 25% over the past two weeks. If materialized, this momentum could form the biggest price breakout in years for cryptos. Trading with Micro BTC and ETH Futures In my opinion, the above price drivers will run their courses in coming months, giving solid support for the crypto market. However, having a bullish view is easy, putting money on something already doubling in price is quite hard. In crypto investment, choosing the right instrument will make a big difference. Neither the physical bitcoin nor the bitcoin ETFs offer any leverage. When price goes up, it will take a larger dollar increase to get the same investment return. For example, when bitcoin was trading at $20,000, a price hike of $10,000 represents a 50% return. When bitcoin rose to $40K, a 50% return will require $20K in price increase. CME Micro BTC futures ( LSE:MBT ) provide leverage and capital efficiency. Contract notional is 1/10 of 1 BTC. Initial margin is $750. November contract was last settled on $3,409.5. At current price there is a 4.5 times leverage built in the contract, which is the ratio of 3,409.5 divided by 750. If futures price goes up 10% to 3,750.45, the price gain of 340.95 would be a 45.5% return, using the $750 initial margin as a cost base. In my view, Ether has more room to grow comparing to Bitcoin. In the past five years, Ether price closely tracked that of Bitcoin. In 2023, Ether lagged Bitcoin performance. Its 50% YTD gain, while extraordinary, is just half the return Bitcoin managed to gain. The ETF fund expectation has a direct impact on bitcoin, but also helps pull the entire crypto market up as it inspires investor enthusiasm. Ether’s lower price, at about 1/19th of a bitcoin, would be more attractive to value investors. At the end, if one crypto ETF is approved, there will be more. ETF funds on Ether could be next. CME Micro Ether futures ( NYSE:MET ) provide leverage and capital efficiency. Contract notional is 1/10 of 1 ETH. Initial margin is $49. November contract was last settled on $179. At current price there is a 3.6 times leverage built in the contract, which is the ratio of 179 divided by 49. If futures price goes up 10% to 196.9, the price gain of 17.9 would be a 36.5% return, using the $49 initial margin as a cost base. Warning: Cryptocurrencies and all financial instruments based on the value of cryptos are highly risky investment. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:MET1!Long
by JimHuangChicago
BITCOIN Get ready for $36.5k. One opportunity only to buy lower.Bitcoin (BTCUSD) is on the rise again following a late Sunday pull-back. This is a short-term analysis on the 4H time-frame where we point out the similarities of the current fractal with October 02 - 06 and September 19 - 23. As you can see the blue circle indicates that BTC already priced the first Low on the 0.236 Fibonacci level when the descending (Channel Down) RSI pattern that hit the Arc shape, and there is one possibility to make a Lower Low when the 4H RSI hits the 30.00 oversold mark. That will be the most optimal buy entry for those who missed the rally. If however the price breaks above the 35150 High (Fib 1.0) then we will have a standard bullish break-out signal in our hand. In both cases our (short-term) target is the 1.618 Fibonacci extension at $36500. Do you think Bitcoin will give that pull-back opportunity before 36.5k? Feel free to let us know in the comments section below! BONUS MATERIAL: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
Bitcoin - Cycle Channel Oscillator left the white box⬜️Bitcoin Last time the Cycle Channel Oscillator left the white box⬜️BTC went up +1,500%🚨🚨🚨 We left the box again dear Crypto Nation👀 Doesn't it look similar to you so far❓ Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
INDEX:BTCUSDLong
by Crypto4Everybody
GFT/USDT - Game Fantasy Token: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the XETR:GFT / CRYPTOCAP:USDT chart, as the price has breached the upper Bollinger Band. This occurrence suggests the emergence of a potential bullish trend. Noteworthy resistance levels can be observed at 0.01996 | 0.02217 | 0.02763, while significant support zones are located at 0.0145 | 0.01125 | 0.00579. It is advisable to contemplate initiating a buy position within the present price range of 0.01901 with the objective of attaining higher price levels. ◰◲ General info : ▣ Name: Game Fantasy Token ▣ Rank: None ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: Game Fantasy Token project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.01901 ₮ ▣ 24HVol: 8,065,989.169 ₮ ▣ 24H Chng: 11.955% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.01996 | 0.02217 | 0.02763 ◢ Support: 0.0145 | 0.01125 | 0.00579 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ 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 GFTUSDT 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 -
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by Crypto2AF
HIFI/USDT - Hifi Finance: Failure_Swing◳◱ We've detected a Failure Swing pattern on the $HIFI / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.5864 | 0.659 | 0.7887 and the major support zones are respectively at 0.4567 | 0.3996 | 0.2699. It is a bullish indication and we may consider buying at the current price zone of 0.6765 and targetting higher levels. ◰◲ General info : ▣ Name: Hifi Finance ▣ Rank: 356 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: Hifi Finance project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.6765 ₮ ▣ 24HVol: 18,557,676.901 ₮ ▣ 24H Chng: 4.189% ▣ 7-Days Chng: 31.78% ▣ 1-Month Chng: 2.46% ▣ 3-Months Chng: 106.77% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.5864 | 0.659 | 0.7887 ◢ Support: 0.4567 | 0.3996 | 0.2699 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -28.54 ▣ Last 90D: -13.49 ▣ Last 1-Y: -13.87 ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: 0.48 ▣ Last 90D: 1.34 ▣ Last 1-Y: 0.93 ▣ 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 HIFIUSDT 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 -
by Crypto2AF
CRV/BTC - Curve: Elliott_Wave_12345◳◱ Hey traders, we've identified an Elliott Wave 12345 pattern on the LSE:CRV / CRYPTOCAP:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00001616 | 0.00001727 | 0.0000194 and the major support zones are respectively at 0.00001403 | 0.00001301 | 0.00001088. We may consider buying at the end of wave 5 at the current price level at 0.00001385. ◰◲ General info : ▣ Name: Curve ▣ Rank: 97 ▣ Exchanges: Binance, Huobipro, Gateio, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: Curve Finance is a decentralized exchange optimized for low slippage swaps between stablecoins or similar assets that peg to the same value (e.g. wBTC/renBTC). The protocol employs a Automated Market Maker that was built specifically to give DeFi users low slippage and liquidity providers steady fee revenue. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001385 ₿ ▣ 24HVol: 2.138 ₿ ▣ 24H Chng: 2.441% ▣ 7-Days Chng: 8.58% ▣ 1-Month Chng: -7.48% ▣ 3-Months Chng: -24.29% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001616 | 0.00001727 | 0.0000194 ◢ Support: 0.00001403 | 0.00001301 | 0.00001088 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -23.21 ▣ Last 90D: -18.21 ▣ Last 1-Y: -16.78 ▣ Last 3-Y: -18.27 ◲◰ Volatility : ▣ Last 30D: 0.38 ▣ Last 90D: 0.66 ▣ Last 1-Y: 0.75 ▣ Last 3-Y: 1.06 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.49 - Bearish ▣ Reddit sentiment score is 0.48 - Bearish ▣ In-depth CRVBTC 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 -
by Crypto2AF
DOT/BTC - Polkadot: Elliott_Wave_12345◳◱ Hey traders, we've identified an Elliott Wave 12345 pattern on the CRYPTOCAP:DOT / CRYPTOCAP:BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.0001387 | 0.0001453 | 0.0001588 and the major support zones are respectively at 0.0001252 | 0.0001183 | 0.0001048. We may consider buying at the end of wave 5 at the current price level at 0.000123. ◰◲ General info : ▣ Name: Polkadot ▣ Rank: 16 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Polkadot is a blockchain network designed to support various interconnected, application-specific sub-chains called parachains (short for parallelized chains). Each chain built within Polkadot uses Parity Technologies' Substrate modular framework, which allows developers to select specific components that suit their application-specific chain best. Polkadot refers to the entire ecosystem of parachains that plug into a single base platform known as the Relay Chain. This base platform, which also leverages Substrate, does not support application functionality but instead provides security to the network's parachains and contains Polkadot's consensus, finality, and voting logic. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.000123 ₿ ▣ 24HVol: 30.472 ₿ ▣ 24H Chng: 1.653% ▣ 7-Days Chng: 8.05% ▣ 1-Month Chng: 3.68% ▣ 3-Months Chng: -18.54% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0001387 | 0.0001453 | 0.0001588 ◢ Support: 0.0001252 | 0.0001183 | 0.0001048 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -20.72 ▣ Last 90D: -21.56 ▣ Last 1-Y: -17.79 ▣ Last 3-Y: -16.90 ◲◰ Volatility : ▣ Last 30D: 0.30 ▣ Last 90D: 0.31 ▣ Last 1-Y: 0.50 ▣ Last 3-Y: 0.87 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.63 - Bullish ▣ Reddit sentiment score is 0.65 - Bullish ▣ In-depth DOTBTC 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 -
by Crypto2AF
1
EOS/BTC - EOS: Trend_Reversal◳◱ An intriguing development has unfolded on the NYSE:EOS / CRYPTOCAP:BTC chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.00001996 | 0.0000212 | 0.00002325 and the significant support levels found at 0.00001791 | 0.0000171 | 0.00001505. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 0.0000184, allowing us to take advantage of the projected trend continuation. Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies. ◰◲ General info : ▣ Name: EOS ▣ Rank: 60 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: EOS is an open-source protocol designed by Dan Larimer and Block.one to support the creation of smart contracts and decentralized applications (dApps). Its network features a delegated Proof-of-Stake (DPoS) consensus mechanism to help secure the platform while giving it a level of performance desirable for running applications. Through DPoS, EOS offers greater scalability and transaction throughput than traditional blockchain networks, but to a certain extent, it relinquishes complete decentralization and censorship resistance. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0000184 ₿ ▣ 24HVol: 20.200 ₿ ▣ 24H Chng: 5.203% ▣ 7-Days Chng: 12.65% ▣ 1-Month Chng: 10.41% ▣ 3-Months Chng: -16.26% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001996 | 0.0000212 | 0.00002325 ◢ Support: 0.00001791 | 0.0000171 | 0.00001505 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -23.62 ▣ Last 90D: -17.04 ▣ Last 1-Y: -15.20 ▣ Last 3-Y: -16.03 ◲◰ Volatility : ▣ Last 30D: 0.26 ▣ Last 90D: 0.46 ▣ Last 1-Y: 0.65 ▣ Last 3-Y: 0.90 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.66 - Bullish ▣ Reddit sentiment score is 0.97 - V. Bullish ▣ In-depth EOSBTC 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 -
by Crypto2AF
DREP/USDT - Drep [new]: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the $DREP / CRYPTOCAP:USDT chart, as the price has breached the upper Bollinger Band. This occurrence suggests the emergence of a potential bullish trend. Noteworthy resistance levels can be observed at 0.2941 | 0.3381 | 0.4116, while significant support zones are located at 0.2206 | 0.1911 | 0.1176. It is advisable to contemplate initiating a buy position within the present price range of 0.2641 with the objective of attaining higher price levels. ◰◲ General info : ▣ Name: Drep ▣ Rank: N/A ▣ Exchanges: Binance, Gateio, Hitbtc ▣ Category/Sector: N/A ▣ Overview: Drep project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.2641 ₮ ▣ 24HVol: 855,746.575 ₮ ▣ 24H Chng: 2.723% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.2941 | 0.3381 | 0.4116 ◢ Support: 0.2206 | 0.1911 | 0.1176 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ 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 0.50 - Bullish ▣ Reddit sentiment score is 0.59 - Bullish ▣ In-depth DREPUSDT 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 -
D
by Crypto2AF
2
AKRO/USDT - Akropolis: Triangle_&_Wedge◳◱ Our analysis has revealed a Triangle & Wedge pattern on the NASDAQ:AKRO / CRYPTOCAP:USDT chart, signaling a period of consolidation as the price moves within the confines of this pattern. The next resistance key levels are at 0.00651 | 0.00727 | 0.00855 and the major support zones are respectively at 0.00523 | 0.00471 | 0.00343. A potential trend change could emerge upon a breakout from this pattern. As such, we may consider buying at the current price and aim for higher levels above the breakout level. ◰◲ General info : ▣ Name: Akropolis ▣ Rank: 1690 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Financial - Lending ▣ Overview: Akropolis is a domain-specific protocol that allows users to save in groups and get access to cheap uncollateralized loans, pensions and other financial services. Akropolis tokenizes credit unions and allows user groups to get uncollateralized loans, provide capital to pools, and earn interest out of it. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00629 ₮ ▣ 24HVol: 2,199,567.569 ₮ ▣ 24H Chng: 2.276% ▣ 7-Days Chng: 9.54% ▣ 1-Month Chng: -2.98% ▣ 3-Months Chng: 28.95% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00651 | 0.00727 | 0.00855 ◢ Support: 0.00523 | 0.00471 | 0.00343 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -22.30 ▣ Last 90D: -25.55 ▣ Last 1-Y: -19.40 ▣ Last 3-Y: -18.80 ◲◰ Volatility : ▣ Last 30D: 0.62 ▣ Last 90D: 0.80 ▣ Last 1-Y: 0.80 ▣ Last 3-Y: 1.03 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.37 - Bearish ▣ In-depth AKROUSDT 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 -
by Crypto2AF
ID/USDT - Space ID: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the AMEX:ID / CRYPTOCAP:USDT chart, as the price has breached the upper Bollinger Band. This occurrence suggests the emergence of a potential bullish trend. Noteworthy resistance levels can be observed at 0.1952 | 0.20804 | 0.23303, while significant support zones are located at 0.17021 | 0.15806 | 0.13307. It is advisable to contemplate initiating a buy position within the present price range of 0.21979 with the objective of attaining higher price levels. ◰◲ General info : ▣ Name: Space ID ▣ Rank: 284 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: Space ID project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.21979 ₮ ▣ 24HVol: 8,865,961.958 ₮ ▣ 24H Chng: 10.204% ▣ 7-Days Chng: 22.54% ▣ 1-Month Chng: 11.16% ▣ 3-Months Chng: -12.35% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.1952 | 0.20804 | 0.23303 ◢ Support: 0.17021 | 0.15806 | 0.13307 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -22.80 ▣ Last 90D: -18.61 ▣ Last 1-Y: -17.35 ▣ Last 3-Y: -18.15 ◲◰ Volatility : ▣ Last 30D: 0.38 ▣ Last 90D: 0.55 ▣ Last 1-Y: 0.85 ▣ Last 3-Y: 1.28 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.74 - Bullish ▣ Reddit sentiment score is 0.52 - Bullish ▣ In-depth IDUSDT 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 -
by Crypto2AF
LOKA/USDT - League of Kingdoms: Failure_Swing◳◱ We've detected a Failure Swing pattern on the $LOKA / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.1962 | 0.2054 | 0.2277 and the major support zones are respectively at 0.1739 | 0.1608 | 0.1385. It is a bullish indication and we may consider buying at the current price zone of 0.1997 and targetting higher levels. ◰◲ General info : ▣ Name: League of Kingdoms ▣ Rank: 588 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Hitbtc ▣ Category/Sector: N/A ▣ Overview: League of Kingdoms project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.1997 ₮ ▣ 24HVol: 2,407,715.440 ₮ ▣ 24H Chng: 7.539% ▣ 7-Days Chng: 3.62% ▣ 1-Month Chng: 9.45% ▣ 3-Months Chng: -16.07% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.1962 | 0.2054 | 0.2277 ◢ Support: 0.1739 | 0.1608 | 0.1385 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.62 ▣ Last 90D: -1.18 ▣ Last 1-Y: -0.28 ▣ Last 3-Y: -0.35 ◲◰ Volatility : ▣ Last 30D: 0.48 ▣ Last 90D: 0.70 ▣ Last 1-Y: 1.11 ▣ Last 3-Y: 1.41 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth LOKAUSDT 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 -
by Crypto2AF
NEO/BTC - NEO: Trend_Reversal◳◱ An intriguing development has unfolded on the NASDAQ:NEO / CRYPTOCAP:BTC chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.0002543 | 0.000269 | 0.0002976 and the significant support levels found at 0.0002257 | 0.0002118 | 0.0001832. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 0.0002588, allowing us to take advantage of the projected trend continuation. Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies. ◰◲ General info : ▣ Name: NEO ▣ Rank: 69 ▣ Exchanges: Binance, Kucoin, Huobipro, Mexc, Bittrex, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: NEO aims to build a comprehensive "smart economy" by incorporating digital assets, digital identities, and smart contracts. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0002588 ₿ ▣ 24HVol: 20.422 ₿ ▣ 24H Chng: 13.658% ▣ 7-Days Chng: 29.66% ▣ 1-Month Chng: 22.59% ▣ 3-Months Chng: -0.30% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0002543 | 0.000269 | 0.0002976 ◢ Support: 0.0002257 | 0.0002118 | 0.0001832 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -21.31 ▣ Last 90D: -17.98 ▣ Last 1-Y: -17.67 ▣ Last 3-Y: -17.14 ◲◰ Volatility : ▣ Last 30D: 0.30 ▣ Last 90D: 0.44 ▣ Last 1-Y: 0.61 ▣ Last 3-Y: 0.87 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.64 - Bullish ▣ In-depth NEOBTC 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 -
by Crypto2AF
RNDR/BTC - Render: TrendLine_Touch◳◱ Technical analysis to be included soon, stay tuned! ◰◲ General info : ▣ Name: Render ▣ Rank: 52 ▣ Exchanges: Binance, Kucoin, Huobipro, Hitbtc ▣ Category/Sector: Services - Shared compute ▣ Overview: RNDR is an ERC-20 compatible utility token used to pay for animation, motion graphics and VFX rendering on the distributed RNDR Network, which is a peer-to-peer GPU compute network that connects creators in need of additional computation power for rendering their scenes, to providers that receive RNDR tokens for their GPU power. It allows complex GPU-based render jobs to be distributed and processed on a P2P network, making the transactional process of rendering and streaming 3D environments, models, and objects simpler for end users. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0000632 ₿ ▣ 24HVol: 32.067 ₿ ▣ 24H Chng: 4.463% ▣ 7-Days Chng: 12.65% ▣ 1-Month Chng: 45.98% ▣ 3-Months Chng: 20.13% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0000699 | 0.0000745 | 0.0000824 ◢ Support: 0.000062 | 0.0000587 | 0.0000508 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -24.14 ▣ Last 90D: -19.85 ▣ Last 1-Y: -16.93 ▣ Last 3-Y: -18.61 ◲◰ Volatility : ▣ Last 30D: 0.27 ▣ Last 90D: 0.44 ▣ Last 1-Y: 0.89 ▣ Last 3-Y: 1.10 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.73 - Bullish ▣ In-depth RNDRBTC 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 -
R
by Crypto2AF
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook: The Bitcoin smashed our projections: Inner Coin Rally 30900, Outer Coin Rally 31700, and 34000, resting at completed Inner Coin Rally 35000. The next target is the Next #1 Inner Coin Rally 36300 Next #2 37800, with a near-term final projection of Outer Coin Rally 39200. Be aware that there may be some intermediate pullbacks along the way with the main target 39200. Nevertheless, the market may fall to the Mean Support 32600 before resuming its upside movement.
BITSTAMP:BTCUSD
by TradeSelecter
PSG/USDT - Paris Saint-Germain Fan Token: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the BME:PSG / CRYPTOCAP:USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 2.925 | 2.984 | 3.122, and the major support zones can be found at 2.787 | 2.708 | 2.57. Consider entering at the current price zone of 2.917 and targeting higher levels. ◰◲ General info : ▣ Name: Paris Saint-Germain Fan Token ▣ Rank: 636 ▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc ▣ Category/Sector: N/A ▣ Overview: Paris Saint-Germain Fan Token project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 2.917 ₮ ▣ 24HVol: 771,614.532 ₮ ▣ 24H Chng: 2.747% ▣ 7-Days Chng: 3.61% ▣ 1-Month Chng: -2.99% ▣ 3-Months Chng: -20.39% ◲◰ Pivot Points - Levels : ◥ Resistance: 2.925 | 2.984 | 3.122 ◢ Support: 2.787 | 2.708 | 2.57 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -3.72 ▣ Last 90D: -3.26 ▣ Last 1-Y: -1.01 ▣ Last 3-Y: -0.01 ◲◰ Volatility : ▣ Last 30D: 0.23 ▣ Last 90D: 0.34 ▣ Last 1-Y: 0.66 ▣ Last 3-Y: 1.25 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth PSGUSDT 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 -
by Crypto2AF
FLOKIUSD Massive buy initiated, ATH test at least.Floki Inu (FLOKIUSD) is posting a massive 3 week bullish sequence that the crypto hasn't seen since January. This time it is on a 1W MACD Bullish Cross that is still below the 0.0 neutral mark, meaning that the upside potential is significant. We expect a pull-back towards the 1D MA50 (red trend-line), but as long as it holds, it should spur the second wave of aggressive buying towards at least the 0.0000685 All Time High (ATH). The upside of this asset as a high risk investment is very high in our opinion. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:FLOKIUSDLong
by TradingShot
CAKE/USDT - PancakeSwap: Trend_Reversal◳◱ An intriguing development has unfolded on the NASDAQ:CAKE / CRYPTOCAP:USDT chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 1.181 | 1.245 | 1.374 and the significant support levels found at 1.052 | 0.987 | 0.858. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 1.219, allowing us to take advantage of the projected trend continuation. Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies. ◰◲ General info : ▣ Name: PancakeSwap ▣ Rank: N/A ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category/Sector: N/A ▣ Overview: PancakeSwap project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 1.219 ₮ ▣ 24HVol: 4,773,376.974 ₮ ▣ 24H Chng: 0.578% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 1.181 | 1.245 | 1.374 ◢ Support: 1.052 | 0.987 | 0.858 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ 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 0.67 - Bullish ▣ Reddit sentiment score is 0.60 - Bullish ▣ In-depth CAKEUSDT 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 -
by Crypto2AF
Buy the rumor, sell the fact?In a wild sequence of events, we saw the number of Bitcoin addresses (with holdings exceeding 100 BTC) soar last week, followed by the announcement of fake news and the breakout above $30,000. But as if this was not enough, Bitcoin did not stop there, and euphoria around Bitcoin Spot ETF approval caused it to spike almost as high as $36,000 overnight. While these events are bullish in nature, we want to reiterate that the price behavior and movements across Bitcoin addresses are very reminiscent of the period leading to new highs in April 2023 and July 2023 (with big players unloading their holdings once new highs were constituted). Due to that and news combined with emotions seemingly driving the market, we feel uneasy about the current rally and the prospects of its sustainability. Therefore, to confirm that this whole sequence of events was not merely “buy the rumor, sell the fact” (and the ultimate trap for bulls), we would like to see Bitcoin defend the ground above $32,000 (and, ideally, close above this price tag for multiple consecutive days). Contrarily, to spark fears about impending reversal, we would want to see Bitcoin drop below $32,000, accompanied by a drop in the number of Bitcoin addresses with balances exceeding 100 BTC and 1,000 BTC. As for our stance, we continue to think it is proper to stay on the sidelines for a while longer (ideally until the emotional whipsaws start fading); we do not see the need to chase the market. Illustration 1.01 Illustration 1.01 shows the 1-minute chart of BTCUSD. It can be observed that in merely four minutes, Bitcoin managed to jump more than $2,000. Again, we want to draw attention to how similar these 1-minute spikes are to the ones we showed earlier this year (leading to peaks in April 2023 and July 2023). Illustration 1.02 Illustration 1.02 displays the daily chart of BTC.D (Bitcoin’s market dominance). Technical analysis gauge Daily time frame = Bullish 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.
BITSTAMP:BTCUSDLong
by Tradersweekly
17