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forget 70k level, look out for this importanlevel to surpass... As I mentioned in my previous analysis, I don’t care about reaching 70k; what matters to me is if it can break past the zone at $71,890. Everyone is excited that BTC is back at 70k (myself included), but guess what happened next? The price touched my line at $71,890 and didn’t break through! This is simply because I see more difficulty here, as it's a zone with a greater concentration of institutional orders and has historically been strongly rejected. These last three candles give me the impression that the bear market is nearing its end, so keep a close eye on the upcoming week. But remember, it’s just an impression — the price is always trying to tell us something through its candles, and it’s our job to interpret it correctly. Best regards, and let’s hope that’s the case!! TRADE SAFE!
COINBASE:BTCUSDLong
by RocketMike111
Bitcoin Uber Bear If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Uber Bear update. Followed path and patterns laid out 1 month ago. If you are at the hard right edge, and the market followed the path laid out and reacts in an area identified, does that mean the #Elliottwave count is 100% correct? No, need the PA to prove it. A continued swift move down and break of 65k, will add weight to this variation. Trade Safe, Trade Clarity.
COINBASE:BTCUSDShort
by CryptoKnee
BTCUSD: Breaking above the Cup pattern and turning parabolic to Bitcoin just turned bullish on its 1W technical outlook (RSI = 58.731, MACD = 2509.900, ADX = 22.826) as it touched this week the ATH of March. Every Cycle has traded inside a Cup pattern and when the ATH top broke, the price turned parabolic. The last Cycle Top was priced on the 1.618 Fib and the one before on the 2.382 Fib. Consequently the worst case scenario for the top of this Cycle is 175,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
Will we see a 5th wave for SOL and hit resistance at $210?The SOL/USDT chart suggests a possible 5th wave completion at the $210 level, aligning with the ascending channel’s upper boundary and the 1.618 Fibonacci extension from previous lows. This target is feasible if bullish momentum continues, breaking through intermediate resistance levels around $183 (0.382) and $202 (0.786). The 5th wave is often an impulse wave in Elliott Wave Theory, representing the final push in a trend. For this target to materialize, strong buying pressure and volume will be essential as it approaches resistance zones.
Long
by CryptoFallen
XLMUSD November historically starts the parabolic rally. BUY.Stellar Lumens (XLMUSD) has been trading below its 1W MA50 (blue trend-line) since the week of April 08, consolidating in what is technically a wide Accumulation Phase on every Cycle below a Lower Highs trend-line. Having entered November today though, sparks a wave of optimism in the market as historically on a 4-year frequency, this month is very bullish as the Cycle's Parabolic Rally starts. What basically confirms it is a break above the Lower Highs trend-line and of course the 1W MA200 (orange trend-line), which always have emphatic rejections (July 10 2023, August 17 2020, September 16 2019) during the first stage of the Bull Cycle. As a result, it is a good time to buy now that the price is close to its 2-year lows. Naturally the Target can't be above the All Time High Zone (consisting of the last to Cycle Highs), our take is its bottom at 0.800. ------------------------------------------------------------------------------- ** 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:XLMUSDLong
by TradingShot
6
Marathon Digital Holdings (MARA) AnalysisCompany Overview: Marathon Digital Holdings NASDAQ:MARA is a key player in the cryptocurrency mining sector, particularly focused on Bitcoin production. The company has shown resilience and operational strength in its mining activities, making it well-positioned for future growth. Key Developments: Positive Analyst Ratings: Analysts from Macquarie and Cantor Fitzgerald have set price targets above $20, indicating strong growth potential for Marathon Digital. This reflects growing confidence in the company's operational and market strategies. Increased Bitcoin Production: In September 2024, Marathon reported a 5% increase in Bitcoin production, reinforcing its operational strength. Additionally, the company achieved a 28% increase in Q1 2024 production, yielding 2,811 BTC compared to the same quarter in 2023. This efficiency in production underlines Marathon’s capacity to scale effectively in a competitive market. Favorable Cryptocurrency Market: With Bitcoin recently surpassing $67,000, the broader cryptocurrency market is showing favorable conditions. This surge allows MARA to capitalize on increased investor interest in crypto stocks, positioning the company for substantial market gains. Investment Outlook: Bullish Outlook: We are bullish on MARA above the $16.00-$17.00 range, driven by the company’s production efficiency and favorable market conditions. Upside Potential: Our target for Marathon Digital is set at $32.00-$33.00, supported by positive analyst sentiment and operational achievements. 🚀 MARA—Mining for Tomorrow's Success! #Cryptocurrency #BitcoinMining #GrowthPotential
NASDAQ:MARALong
by Richtv_official
Near/BTC POTTENTIAL PUSH 115% - 1078% !!!!!!!!!NEAR/BTC Analysis - Weekly Timeframe NEAR/BTC has been trading within a demand zone that’s historically acted as a strong support level, and the price appears to be gearing up for a potential bounce. Here are the key targets and observations from the chart: Key Targets and Potential Upside Target 1: 0.00006575 BTC This level represents an initial 115.82% gain from the current price. It’s the first significant resistance within the current channel and would likely serve as an initial profit-taking zone. Target 2: 0.00019632 BTC A further target with a potential gain of 334.91%. This level aligns with historical highs, where NEAR previously encountered selling pressure. If momentum continues, this could act as the next resistance. Target 3: 0.00025003 BTC A medium-to-long-term target with a potential increase of 433.38%. This level is in a previous high-demand area and could be reached if NEAR maintains its bullish structure. Target 4: 0.00054233 BTC A more aggressive target, suggesting a gain of 973.22%. Achieving this level would indicate a major breakout and likely a shift in NEAR’s overall market cycle. Ultimate Target: 0.00060214 BTC A high-end target, representing a 1078.85% gain from the current price. Reaching this level would imply a strong bull run and could align with a significant shift in market sentiment. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Long
by RhinoAkaBear
BITCOIN Closed 2 straight green 1M candles after 7 months!Bitcoin (BTCUSD) is closing today the monthly (1M) candle and unless it drops by 7000 in a few hours, it will close the month of October in green. That will be the 2nd straight green 1M candle since March! This 7 month consolidation period is no stranger to BTC as such patterns, where there are no straight green 1M candles, are standard Accumulation Phases that we see during Bull Cycles. So far on the current one we've had three (including March 2024) and once the market closed 2 straight green 1M candles, it rallied. The 2019 - 2021 Bull Cycle had three such straight green candle occasions and a very clear Accumulation Phase, while the 2015 - 2018 Cycle had numerous. One thing is clear based on this multi-year chart. When the market closes two straight green 1M candles, it is always a good signal to buy. But what do you think? Do you find this indicator reliable? Are you buying based on this? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** 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
8
Btc otw for new highBitcoin Hits My Buy Zone BTC has reached my buy zone, located between the 0.382 and 1.618 Fibonacci levels from wave A. My targeted buy range was $70,800 - $70,150. Now, I expect it to gradually start moving upward. I have three targets for this move: TP 1: $74,100 TP 2: $74,500 TP 3: $75,000 Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Long
by RhinoAkaBear
2
SasanSeifi| Dogecoin on the Rise? Hey there, ✌ In the daily timeframe, Dogecoin BINANCE:DOGEUSDT has entered a ranging phase following a lengthy downtrend, effectively maintaining the vital support level at 0.90 cents. As depicted in the chart, the downtrend line has been decisively broken, with the price currently trading around 0.11300. This shift may signal a potential reversal in market sentiment. 🔶If Dogecoin manages to maintain the crucial range between 0.10000 and 0.096, it is expected to target short-term goals of 0.12500 and subsequently aim for the 0.14 to 0.15 cent range. These levels are pivotal for reinforcing a bullish trend. 🔵As the price progresses, it’s crucial to observe Dogecoin’s reaction around the 0.12500 level and the liquidity zone at 0.14. The expected trend is outlined in the chart, and the overall outlook currently leans bullish. Nevertheless, vigilance regarding market volatility remains essential. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
NEIROUSDT Trade the Triangle break-outsNEIRO (NEIROUSDT) has been trading within a Triangle pattern since the September 10 All Time High (ATH). The 1D MA50 (blue trend-line) is almost in the middle of it, so the trend will be neutral and sideways as long as the price keeps trading within. Our suggestion is to trade to the direction of the break-out that takes place first. If it will be above the pattern (Lower Highs), buy and target the 2.0 Fibonacci extension at 0.2200. If below the pattern (Higher Lows), sell and target the -1.0 Fib ext at 0.0310. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
6
78.6K is the next one to upsideMorning folks, So, our " signal level" of ~68.6-69K has been broken and bullish setup has been set. Those who have used Stop "buy" entry orders should have good results. Now the trading process is relatively simple. All that you need to do is to control 68.6-69K area. Because you do not want to see bearish reversal swing on BTC and drop back under long-term former resistance area again. Other words, 68.6-69K is an invalidation point for current bullish action. So, if you intend to buy, you could consider 70.5K and 68.6K levels
COINBASE:BTCUSDLong
by Sive-Morten
1
Phemex Analysis #33: Phemex Token Shows Strong Bullish Reversal!PHEMEX:PTUSDT.P (PT) reached a new all-time high of $1.45 on September 27th, 2024. However, a subsequent decline in Bitcoin's price dragged PT down to $1.12. Recently, PT has exhibited two strong bullish reversal signals: (I) Higher Low Formation: On October 23rd, PT formed a higher low at $1.18, coupled with a rising Relative Strength Index (RSI), indicating increased buying pressure. (II) Higher High Formation: On October 29th, PT created a higher high at $1.35, accompanied by a higher RSI, confirming the bullish momentum. These signals suggest that PT has established a solid support level around $1.15 and has successfully broken through the $1.33 resistance. Possible Scenarios 1. Bullish Breakout: If PT can break above the recent high of $1.45, it could signal further upside potential. Strong buying pressure and positive sentiment could propel the price to new all-time highs. 2. Range-Bound Trading: PT might encounter resistance at the previous all-time high of $1.45, as some traders may take short-term profits at this level. The price may then retrace back to the $1.15 support level, resulting in a period of range-bound trading between $1.45 and $1.15. This consolidation phase can provide an opportunity for investors to utilize range-bound trading strategies or accumulate PT at a relatively lower price. 3. Bearish Reversal (Less Likely): While less likely, a breakdown below the $1.15 support level could signal a bearish reversal. However, considering the overall bullish market sentiment and Phemex's promising future, a significant bearish reversal seems unlikely. If a bearish reversal occurs, long-term bullish investors may consider buying the dip at support levels like $1.10 or $1.06. Conclusion Phemex Token's recent bullish reversal signals indicate a strong upward trend. However, it's essential to remain cautious and monitor market developments closely. By understanding the potential scenarios and implementing effective trading strategies, investors can capitalize on the opportunities presented by PT's bullish momentum.
by Phemex
TRXUSD: Cup and Handle buy signalTron is technically overbought on its 1D outlook (RSI = 69.926, MACD = 0.003, ADX = 23.630) but is far from topping on its 2 year Channel Up. The 1W RSI is at a level where previously three times it made short term consolidations in the form of Cup and Handle patterns, rise to at least the 1.5 Fibonacci extension. The last one even hit the 2.5 Fib and that's what we're aiming for now (TP = 0.2000) as it is the closest to the Channel Up top. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:TRXUSDLong
by InvestingScope
BTC/USD : To The Moon ? (READ THE CAPTION)By analyzing the #Bitcoin chart in the weekly timeframe, we can see that after our last analysis, Bitcoin rose over 10%, climbing from $66,500 to $73,600, now within just $100 of its all-time high. Following this move, Bitcoin saw a slight correction down to $72,000, and I still expect the previous high to be broken soon, with Bitcoin reaching higher levels. The next bullish targets are $77,000, $81,700, and $93,800. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
3
Bitcoin Resumes Its Bullish TrendBitcoin with ticker BTCUSD remains in a higher degree bullish trend as expected. After we recently spotted wave IV correction on a daily chart, we can now see it resuming higher for wave V with space up to 100k area that can be achieved by a new lower degree five-wave bullish cycle. Basic Impulsive Bullish Pattern shows that Bitcoin can be trading in wave 3 of V, so more upside is expected. Later we will just have to be aware of subwave 4 pullback before a continuation higher for wave 5 of V.
BITSTAMP:BTCUSDLong
by ew-forecast
1
$BTC fast correctionBINANCE:BTCUSDT Bitcoin almost updated the high, it was a little short. While the correction is starting, which should go down to 68800-68620, after which we can try to get long. We will monitor this scenario. I don't want to open shorts yet, because the asset is too much hyped up and the season of friends who say “Take bitcoin for now!” is coming. And this fuel can play both ways.😄 For now we expect a correction or consolidation. And we can look out for alts.
Short
by DirectorTradinga
Mastering Fibonacci ChannelsFibonacci Channel: A Tool for Identifying Potential Trend Levels The Fibonacci Channel is a powerful technical analysis tool that advanced traders use to identify potential support and resistance levels within a trend. This tool is particularly useful in trending markets, such as Forex and equities, to gauge price movement and pinpoint strategic entry and exit points. The Fibonacci Channel consists of a series of parallel lines plotted using Fibonacci ratios (such as 0.382, 0.5, 0.618, etc.). These lines help traders mark key areas within a price trend that could indicate a potential reversal or continuation. How to Use the Fibonacci Channel 1. Identify Start and End Points: Begin by identifying the start and end points of a trend that you want to analyze. 2. Draw the Channel Lines: Next, draw a trendline between the two points. The Fibonacci levels are then plotted as parallel lines above and below this trendline, helping traders visualize potential levels for price to reach or retrace. 3. Interpret the Lines: The plotted Fibonacci levels act as potential areas of support and resistance, providing traders with strategic points for entry or exit. For example, price movement reaching the 0.618 level often suggests a high probability of either reversal or trend continuation. Using the Fibonacci Channel allows you to take advantage of market psychology embedded in these ratios, helping you make more informed decisions in a trend-driven market.
Education
by Market-Analyzer
BITCOIN Gaussian Channel telling you the rally has already begunBitcoin (BTCUSD) is illustrated here on the 1W time-frame from the 2011 Cycle until today. We've used the Gaussian Channel (GC) after a long time and the reason is simple. Since the August 05 2024 Low, it has been supporting the uptrend up to today's test of the All Time High (ATH). ** Gaussian October support every 4 years ** This continuous support is a critical feature moving forward as every time the GC held at this stage of the previous Cycles (October 2020, 2016 and 2012), BTC started its final (and most aggressive) Parabolic Rally of the Cycle. ** Resistance turned Support ** What's equally interesting is that during those stages, the price also re-tested and held the former Resistance (of the previous Higher High), turned it into a Support (while the GC held) and bounced to the Parabolic Rally. This is a remarkably consistent feature taking place every 4 years! ** The green GC length matters ** Now as to the GC in more detail. What we want you to keep from it, is that the green part of the GC has lasted in the previous Cycles 123, 144 and 148 weeks respectively, which translates to 861, 1008 and 1036 days, until it turned red. As a result, we can expect the current green phase to last until December 08 2025 (minimum) and June 01 2026 (maximum). It is more reasonable to expect the longer case as the recent Cycles tend to have stabilized most of their common time patterns. The Bear Cycle tends to start when a 1W candle is closed below the GC. Until then, based on the parallel Channel Up patterns that encompass 3 Cycles each time, we can even expect a price as high as $200000 for this Cycle Top. Do you think that's realistic? And if so, do you also expect the GC wave to support a parabolic rally all the way to the top? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** 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
21
BTC MAJOR CYCLE TOP ALMOST IN?! After Bitcoin (BTC) finally broke key resistance after 228 days, there is an opportunity to achieve a new all-time high (ATH), which I estimate could reach between $86,000 and $91,000. The current structure of BTC indicates that we are in an ending diagonal, suggesting that we are approaching the end of the current bullish trend, which has lasted for 708 days and is expected to continue for another 70-90 days. Fibonacci Targets fpr major top! Assuming we are indeed in the final wave, Fibonacci targets between -0.236 and -0.382 (based on waves 2 to 3) may come into play, unless this wave becomes extended. Given the current structure, these levels appear achievable within the ongoing cycle. Expected Correction and reversal trend After reaching these targets, I anticipate a significant decline, with a final target between $30,000 and $40,000. My main target is the golden pocket(0.618 fib), but BTC often extends to the .786 fib level ($30,000), further supporting the possibility of larger corrections. Reasons for Trend End Ending Diagonal: BTC is currently in an ending diagonal formation, which typically signifies the end of the prevailing trend. Divergence: There is a substantial bearish divergence forming on both the daily and weekly timeframes, which is almost impossible to invalidate. This divergence serves as a critical indicator of weakening momentum in the current bullish trend. Conclusion In light of current developments, BTC appears to be nearing a key peak, and the outlook for growth remains positive. However, traders should remain cautious and monitor key resistance and support levels, considering potential corrections that may follow after reaching these important Fibonacci targets. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Short
by RhinoAkaBear
1