Get started

Cryptocurrency

BTC/USDT Analysis - 4H TimeframeBTC/USDT Analysis - 4H Timeframe Author: Rhino aka Bear ( Crypto Rado ) Date: 10/22/2024 🔹 Overview: Bitcoin has reached the anticipated upper trendline, facing rejection at $69,800. A double bearish divergence on the 4H timeframe signals that this impulsive move has likely peaked. The price briefly broke above the previous high but quickly dropped by $3,000, landing on the monthly pivot point and 0.236 Fibonacci retracement, leading to a small bounce. 🔹 Current Expectation: I anticipate a retest of the $68,000–$68,500 zone before the downtrend continues toward $65,500–$65,000. This next key support area is reinforced by the 0.382 Fibonacci level, S1 pivot, and significant price action. The Simple Moving Average is also moving toward this zone, making it a confluence area of interest. So far, the price has made an impulsive five-wave move downward, followed by a corrective ABC structure. Waves A and B appear complete, and we are likely in wave C, heading for the $68,000–$68,500 zone. If this zone fails, we may see a move towards $48,000, $44,000, or even $40,000. However, it's too early to confirm a full bearish reversal at this point. 🔹 Key Levels:🔹 Resistance Zone: $68,000–$68,500 TP 1: $65,500–$65,000 TP 2: $62.9 - 61.3k Invalidation: 69.6k Next Potential Targets (Bearish): $48,000 / $44,000 / $40,000 🚨 Disclaimer:🚨 ⚠️ This is not financial advice. Always do your own research and assess the risks before trading.⚠️
COINBASE:BTCUSDShort
by RhinoAkaBear
BITCOIN When the 4 year Cycles do the talking..It's been some time since we last used the Mayer Multiple Bands (MMB) on Bitcoin (BTCUSD) but the timing is just right to bring you an update, only 2 weeks before the U.S. Presidential Elections with the market ahead on an imminent bullish break-out. This time we look into how the price was trading on this date every 4 years. As you know BTC is trading roughly within 4 year Cycles that keep a high degree of symmetry and tend to repeat a lot of dynamics each time. Right now, towards the end of October (2024), the price is trading within the Mean MM (black trend-line) and the 1st SD above (grey trend-line). It has already started rising off the Mean MM. Based on the 4-year Cycle Theory, it is no surprise then that the price was within the exact same range in October 2020, October 2016 and October 2012. The degree of symmetry is remarkable and is yet again showcased by this indicator. We can also see that by this time every 4 years, the price had already started rising off the Mean MM, just as it is doing now. With the green Rectangles we display the date range between these 4-year intervals and the peak of the Bull Cycle. For October 2012 it took 58 weeks (406 days) until it topped, October 2016 was 60 weeks (420 days) while October 2020 was 55 days (385 days). So time-wise the Cycle tends to peak roughly the same period. As a result, if we take the minimum scenario of 55 weeks, we can expect the Cycle to top by mid November 2025. As far as targets are concerned, the first two Cycles hit (and broke) the 3 SD above (red trend-line), while the last one the 2 SD above (orange trend-line). Again assuming a 'worst case scenario' hitting 'just' the 2 SD trend-line, we can set a Target Range of 190k - 250k, depending on whether the price hits it halfway through the 55 week range or towards its end. Nevertheless, an exciting rally appears to be starting for Bitcoin. So what do you think? Is this October MMB fractal about to break to a parabolic rally? And if so, will it hit the orange trend-line? 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
4
Phemex Analysis #30: APECoin Surge 138% in just 3 Days?!The crypto world was abuzz with excitement as APECoin, the NFT token associated with the iconic Bored Ape Yacht Club and Mutant Ape Yacht Club, took center stage. The recent launch of APEChain, its dedicated blockchain network, coupled with the integration of Layer Zero, a powerful interoperability protocol, ignited a frenzy among investors and traders alike. The news sent shockwaves through the crypto community, propelling APE's price from a modest $0.736 to a staggering $1.757 in just three days – a mind-boggling 138% increase. This dramatic surge was a testament to the growing confidence in the APECoin ecosystem and the potential of its blockchain technology. Possible Scenarios As the dust settled, investors were left pondering the next chapter in APE's story. Could the price continue its upward trajectory, breaching the $1.81 resistance level and challenging the psychological barrier of $2.0? Or would the recent surge prove to be a temporary high, followed by a much-needed correction or consolidation phase? 1. The Bullish Case The potential for a continued uptrend was fueled by the positive sentiment surrounding the APEChain launch and the integration of Layer Zero. These developments positioned APE as a versatile token with multiple use cases, including governance for the ApeCoin DAO and transaction fees across various blockchains. 2. The Bearish Case However, the crypto market is notoriously volatile, and a strong resistance level at $2.0 could pose a significant challenge. If APE fails to break through this barrier, it could lead to a price correction, potentially retracing to $1.36 or even lower. Such a scenario would require careful consideration and risk management. 3. The Neutral Outlook A more likely scenario might involve a period of consolidation around the $1.36 to $1.70 range. This would allow investors to digest the recent gains and for the market to reassess the longer-term outlook for APE. Patience would be key during this phase, as a breakout above the resistance level could signal a resumption of the uptrend. Conclusion APECoin's meteoric rise is a testament to the growing appeal of the project and the potential of its blockchain technology. While the future remains uncertain, the recent developments have created a strong foundation for continued growth. Investors must approach the market with caution, carefully weigh the potential risks and rewards, and be prepared for both upside and downside scenarios. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
BTCUSD hit the 1hour MA200. New rally if it holds.Bitcoin / BTCUSD hit the 1hour MA200 on today's strong correction. So far it is holding and is on the 5th candle in a row of support. As long as it holds, it is a bullish signal and can give a rally similar to the last 1hour MA200 hold (October 13th) or the one before (October 10th). The 1hour RSI also got oversold and is rebounding. It crossed above its MA, a bullish signal. Buy and target 71000 (+6.70% at least). Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:BTCUSDLong
by TheCryptagon
2
BTCUSD: Broke above the 7 month pattern and turned bullish on 1WBitcoin just turned bullish on its 1W technical outlook (RSI = 56.534, MACD = 2298.400, ADX = 20.606) as it crossed over the top (LH) of the 7 month Bearish Megaphone. This is a major bullish breakout and the only one remaining is the R1 level (70,000). This is practically the reason of today's pullback because the price is being rejected just under the R1 level. Still, there is no cause for concern as since Sep 20th, Bitcoin has crossed and sustained trading above its MA trendlind, a sign of a trend reversal. Furthermore, the Bullish Megaphone that started on the November 2022 bottom just formed a Bullish Cross on the 1W MACD and with the support of the 1W MA50 is now looking to establish the new bullish wave. If similar rallies like the previous waves take place, then Bitcoin can target 100k at least (TP = 100,000), even as early as January 2025. ## 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
KASUSD Can the 1D Death Cross really save the day???KASPA (KASUSD) has been trading within a Falling Wedge pattern since the July 31 top and is almost on the Higher Lows trend-line that started on the January 23 2024 Low. The key development of the day however, is the formation of the 1D Death Cross, a technically bearish pattern. Last time it was formed though (May 16), it provided the basis for a strong rally that made a new High. Interestingly enough, the price was also coming off a Falling Wedge at the time that successfully broke above its top. In the meantime the 1D RSI was after a Bullish Divergence, essentially a bottoming process. In fact, it was the same formation of that the Falling Wedge before it (November - December 2023) had, that also broke aggressively above its top. As a result, we have a potential triple bullish signal and as long as the Higher Lows hold, there are high probabilities of seeing the price break above the Wedge and target at least the previous High at 0.20800. ------------------------------------------------------------------------------- ** 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:KASUSDLong
by TradingShot
2
66K support as the 1st chance to buyMorning folks, So, the journey to 68-69K target is over. Daily AB-CD is completed, right at the trendline resistance on weekly/daily time frame. This target agrees with intraday XOP of our reverse H&S. Since BTC has its own driver - D. Trump promises to make America BTC great again - this lets it to move against the wind, together with gold. But drivers are different. Now we're watching for pullback to 66K support area first. This is the first area where potentially market could turn up again. Next upside target is 70.35K.
COINBASE:BTCUSDShort
by Sive-Morten
GOATSEUS MAXIMUS - CONSOLIDATION BEFORE EXPLOSION TO THE TOP 100Technical Analysis for GOATSEUS MAXIMUS (GOATUSDT) + TRADE PLAN Overview and Price Movement: Current Price: $0.3180 (according to the chart). Price Range: The price has fluctuated between a low of $0.2571 and a high of $0.3800 within the observed time frame. Volume: Significant trading volume is noted, with a recent surge reaching 6.703M, suggesting rising interest and liquidity. Descending Trading Channel: The chart shows a descending trading channel, with price consistently testing the lower and upper bounds. Resistance Level: The upper trendline of the descending channel represents a resistance level where the price has struggled to break through. Support Level: The lower boundary of the descending channel serves as a support level, and the price has bounced back multiple times from this level. Breakout Potential: There is an indication of a potential breakout. The price has recently tested the upper trendline and is approaching a critical resistance level. The illustrated expectation suggests that the price may break out of the channel. Time-sensitive breakout: The chart suggests that a breakout might occur shortly, as highlighted by the visual cues (alarm clock). Indicators Analysis: VMC Cipher B: Displays divergences, which are often early signals of potential trend reversals. In this case, the indicator suggests a weakening downward momentum. RSI: Currently at 49.61, which indicates a neutral zone. It implies that the asset is neither overbought nor oversold, giving room for potential upward momentum after a breakout. Stochastic RSI: Currently at 22.83, which is in the oversold zone. This reinforces the potential for a bullish reversal in the near term. Hull Moving Average (HMA): The HMA is smoothing out the price movements, but its current position supports the possibility of a breakout from the channel in the next few candles. Trading Plan for GOATUSDT Entry Strategy: Aggressive Entry: Enter at the current price ($0.3180) with the expectation of a breakout. This strategy capitalizes on momentum. Conservative Entry: Wait for a confirmed breakout above the resistance level of the descending channel (around $0.3800) with a 4-hour candle close above this level. Stop-Loss Placement: Place a stop-loss below the support level of the descending channel (around $0.2570), as a breakdown below this level would invalidate the bullish thesis. A tight stop-loss can be placed at around $0.2900 to manage risk more conservatively in case of a false breakout. Profit Targets: First target: If the breakout occurs, aim for the first profit target near $0.5000, as psychological resistance tends to form around these round figures. Second target: A more extended target can be placed around $0.7000, which could be reached in a strong bullish continuation. Risk Management: Risk no more than 1-2% of your capital on this trade to ensure proper risk management. Adjust the position size according to the stop-loss and entry level. Time Horizon: Short to medium term, with a breakout expected within the next few trading sessions (as highlighted by the chart's time-sensitive breakout indicator). Continuously monitor the chart for any invalidations of the descending channel breakout. Potential Risks: False breakout: Be cautious of a possible fake breakout where the price might briefly cross above resistance but then fall back into the channel. Market Sentiment: Cryptocurrency markets can be volatile, and any broader market movements (such as Bitcoin price changes) could impact this analysis. Conclusion: The GOATSEUS MAXIMUS (GOATUSDT) price is positioned at a potential breakout zone, with several indicators showing early signs of a reversal. A well-structured trading plan that includes careful risk management and flexible profit targets is essential to maximize the potential of this trade. Always consider broader market conditions and adjust the plan accordingly.
Long
by elfabiiani
1
BITCOIN ON ITS WAY UP TO ATH. TECHNICAL ANALYSIS + TRADE PLAN Technical Analysis + TRADE PLAN by Blaž Fabjan. The image highlights an ascending triangle pattern. This is generally a bullish continuation pattern, especially if formed after an uptrend (as indicated in the chart). The price is consolidating near the resistance level, and a breakout is expected. Resistance and Support Levels: Resistance at $73,655.67: This is the key area the price needs to break above for a significant upward move. Support levels are marked at $68,556.87 and lower at $66,333.98. Price is currently hovering around $69,000. Indicators: VMC Cipher B: There are divergence signals, which often hint at potential reversals or strong continuation. The current setting shows a neutral position, but the past few signals indicate potential upward momentum. RSI (14): Currently at 67.42, close to the overbought zone (70). This suggests momentum but also indicates that caution should be exercised as it approaches overbought conditions. Stochastic RSI (14): Shows a reading of 72.43, also close to the overbought region. This is a confirming signal for potential bullishness but requires monitoring to avoid overextension. HMA Histogram: Shows bullish momentum (green) but with signs of weakening. This is typical before a breakout but worth monitoring. Volume: The volume remains neutral but could spike during the breakout above the resistance zone, further confirming the pattern. Trading Plan: Entry Strategy: Aggressive traders: Could consider entering a long position now, given the ascending triangle pattern and anticipation of a breakout. Conservative traders: Wait for a clear breakout above the resistance level at $73,655.67, confirmed by higher volume. Enter long on a retest of this breakout zone. Stop-Loss Placement: Place the stop-loss just below the support level at $68,556.87, or slightly lower to $66,333.98 for more conservative risk management. This will protect against any false breakout or trend reversal. Target Levels: First target: $74,000-$75,000 region (as indicated in the image by the upper blue line). This would correspond with a clean breakout. Second target: If momentum continues, aim for $78,000 - $80,000, which is the next major psychological resistance level. Risk-Reward Ratio: Ideally, maintain a risk-reward ratio of 1:3 or higher. For example, risking 1,000 points for a potential reward of 3,000 points, depending on your entry and stop-loss placements. Exit Strategy: Partial Profit-Taking: Consider taking partial profits at the first target to lock in gains, moving the stop-loss to breakeven to secure the trade. Full Exit: Close the position if price action significantly retraces back into the triangle or breaks below support zones. If the trade reaches the second target zone ($78,000-$80,000), consider a full exit. Risk Management: Limit the position size to avoid overexposure. Risk no more than 2-3% of your portfolio per trade. Use trailing stops to capture more profit as the price moves in your favor. Market Sentiment and Confirmation: The ascending triangle and technical indicators are leaning bullish. However, confirming volume on the breakout is essential to avoid false breakouts. Global economic factors and BTC news should also be considered for additional confirmation, particularly around major support/resistance levels. By following this trading plan and being mindful of the market conditions, you can take advantage of a potential bullish breakout while maintaining proper risk management.
Long
by elfabiiani
1
Top 11 Popular and Effective Crypto Trading Strategies for BeginTop 11 Popular and Effective Crypto Trading Strategies for Beginners Cryptocurrency trading can be a lucrative but volatile venture, especially for beginners. To navigate the highs and lows of the market successfully, it's important to adopt well-tested strategies that help manage risk and improve your chances of success. Whether you’re looking to trade actively or passively, this list of the top 11 crypto trading strategies will guide you in the right direction. 1. HODLing (Buy and Hold) HODLing is a term derived from a misspelled "hold" in a Bitcoin forum that became iconic. This long-term strategy involves buying and holding onto cryptocurrencies for an extended period, regardless of short-term market fluctuations. It's popular among beginners due to its simplicity. Best For: New traders who believe in the long-term potential of assets like Bitcoin and Ethereum. Pros: Easy to implement, less stressful, low maintenance. Cons: Requires patience, may result in short-term losses. 2. Dollar-Cost Averaging (DCA) Dollar-Cost Averaging (DCA) is a straightforward strategy where you invest a fixed amount of money into a cryptocurrency at regular intervals, regardless of its price. By spreading out your investments over time, you reduce the impact of market volatility. Best For: Beginners who want to invest consistently without timing the market. Pros: Minimizes the risk of investing a lump sum during a market peak. Cons: May miss out on large gains if the market takes off quickly. 3. Day Trading Day trading involves buying and selling cryptocurrencies within a single trading day. The goal is to capitalize on short-term market movements and make multiple trades throughout the day. Best For: Active traders who have time to monitor the market closely. Pros: High profit potential in a short period. Cons: High risk due to volatility; requires significant time and attention. 4. Swing Trading Swing trading is a strategy where traders hold onto assets for days, weeks, or even months to take advantage of price "swings" or momentum in the market. It aims to capture medium-term trends rather than short, daily fluctuations. Best For: Traders who can dedicate time to analyzing market trends but don’t want to trade daily. Pros: Less stressful than day trading, potential for good profits. Cons: Markets can move against you quickly, requires technical analysis. 5. Scalping Scalping is a fast-paced strategy where traders make numerous small trades over short time frames, such as minutes or hours. The goal is to accumulate many small profits that add up over time. Best For: Experienced traders or beginners who enjoy fast-paced trading. Pros: Quick profits, low exposure to market risks. Cons: Requires intense focus, high transaction fees can eat into profits. 6. Arbitrage Trading Arbitrage trading involves taking advantage of price differences between different exchanges. You buy a cryptocurrency on one exchange where it's priced lower and sell it on another exchange where it's priced higher. Best For: Traders who are quick to spot price differences across exchanges. Pros: Low-risk if executed correctly, straightforward profits. Cons: Requires quick execution and capital in multiple exchanges, fees can reduce profits. 7. Trend Trading Trend trading, also known as "position trading," is a strategy where you identify the direction of the market trend (either bullish or bearish) and trade in the same direction. Trend traders often use technical indicators to confirm trends and make informed decisions. Best For: Traders comfortable with technical analysis. Pros: Can be highly profitable if the trend is strong. Cons: Trend reversals can lead to losses; requires constant monitoring. 8. Copy Trading Copy trading allows beginners to mimic the trades of more experienced traders. Many platforms, offer copy trading features where users can follow and replicate the strategies of successful traders automatically. Best For: Beginners who lack trading experience but want to trade like professionals. Pros: No need for deep market knowledge; can learn while following experts. Cons: Performance is tied to the skill of the trader being copied. 9. Moving Average Crossover Strategy The Moving Average Crossover strategy uses two different moving averages (usually a short-term and long-term average) to identify trends. When the short-term average crosses above the long-term average, it signals a buy. When it crosses below, it signals a sell. Best For: Beginners who are learning technical analysis. Pros: Simple and widely used, helps to identify trends. Cons: May lag behind price movements, leading to late entries or exits. 10. Relative Strength Index (RSI) Strategy The RSI strategy is based on the Relative Strength Index, a momentum oscillator that measures the speed and change of price movements. RSI values range from 0 to 100, with readings above 70 indicating overbought conditions (potential sell) and readings below 30 indicating oversold conditions (potential buy). Best For: Traders who prefer using technical indicators. Pros: Easy to use, widely available on most trading platforms. Cons: Can generate false signals in volatile markets. 11. Breakout Trading Breakout trading involves entering the market as soon as a cryptocurrency breaks out of a previously established support or resistance level. Breakouts often signal the start of a new trend, and traders look to capture profits as momentum builds. Best For: Traders who are comfortable with technical analysis and chart patterns. Pros: High profit potential if a new trend forms. Cons: Risk of false breakouts leading to losses. Conclusion For beginners stepping into the world of cryptocurrency trading, choosing the right strategy is crucial. Each of the strategies mentioned above caters to different risk tolerances, time commitments, and levels of expertise. Whether you prefer the slow and steady approach of HODLing or the fast-paced world of day trading, it’s essential to thoroughly understand each strategy before applying it in the market. Over time, you can experiment with various approaches and find the one that best suits your trading style and goals. As always, it’s important to stay informed, manage risks, and continue learning as you navigate the dynamic and exciting world of crypto trading. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
I REALLY LIKE BITCOIN'S STRUCTURE But what we need to see first?As you can see, the beast has awakened in recent days, and the mother of all cryptocurrencies is back. It’s crucial to use Bitcoin’s analysis as a base because it’s the crypto that drives the entire cryptocurrency market in general. So, rest assured, if Bitcoin wakes up, the crypto market will be alive! The Beast has awakened, and we are very close to $70,000. The key lies in two very important points that I will highlight in yellow on the chart. Point 1 (P1): VOLUMETRIC CANDLE. The impulse of the volumetric candle that gave the price its bullish strength—these types of candles are the fuel that the price needs to propel itself and reach new highs. Point 2 (P2): DIVERGENCE. If we look at the two EMAs (8 and 21), they are very extended. I use these EMAs as a reference to confirm there’s strength in the price. Whenever these two EMAs start to widen from each other, it's when the price begins to make a decision and show strength to either continue its trend or maintain momentum. But hold on! Don’t celebrate just yet. To reach the All-Time High, we’re likely to see one or two pullbacks first. It all depends on the volatility we’ll see in the coming days. Our short-term goal is for BTC to reach $70,000, and after hitting that target, we’ll be very close to seeing BTC surpass its all-time high once again. In my personal opinion, I think the most difficult stage for Bitcoin is not reaching $70,000, but surpassing $71,800 level Let’s see what the week has in store for us. Thank you for supporting my analysis.
COINBASE:BTCUSD
by RocketMike111
SasanSeifi| Are We on the Brink of a Bullish Trend? Hey there, ✌ BINANCE:ARBUSDT In the daily timeframe, as you can see, the price has corrected from the 1.20 range down to the 0.45 cent levels. After this correction, it entered a consolidation phase around 0.50 cents. Currently, the price has shown a positive reaction to the 0.50 cent demand zone multiple times and is now trading around the 0.60 cent level, near the descending trend line. If we see a daily candle close with a strong body and a break above the trend line in the 0.62 cent area, with confirmation on lower timeframes, there is a potential for further growth towards the 0.6880, 0.70, and 0.75 cent levels. The outlook remains more bullish at this stage, with the key support in the daily timeframe around the 0.55 cent level. 💢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
SasanSeifi| Is a Bullish Breakout Around the Corner?Hey there, ✌ In the daily chart of BINANCE:METISUSDT , as shown, the price has been on a downtrend since reaching the $76 level. After this decline, the price reacted to the $25 level, entering a range between $25 and $42. During this period, the price experienced some fluctuations and relative growth. Currently, after hitting the $42 level twice, the price has pulled back to the demand zone. In this area, we’re seeing some positive movement, with the price now trading near the downward trend line. It appears that a Double Bottom pattern has formed around the $31 level, which could signal a minor upward move. If, in the daily timeframe, the downtrend line and the $37 to $38 price range are broken, and the price stabilizes above this level, there is a chance for an increase towards the $40 and $42.50 resistance zones. In such a scenario, it will be important to monitor how the price reacts to these higher targets. Should the price break through the $42 level and maintain its position above it, the next potential target could be the supply zone between $46 and $50. For risk-tolerant traders, the $36 price range could serve as an entry point. Additionally, upon a breakout and stabilization above the downtrend line, more secure entry points may be identified. The key support area for METIS lies between $33 and $31. Holding this support zone is crucial for a bullish scenario. If this level is lost, further price declines are likely. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi
2
Binance Coin (BNB)The world's largest crypto exchange by volume, Binance continues its push into the embattled crypto mining industry with a plan to begin offering a crypto cloud mining product next month. crypto miners have had a tough year, with the price of bitcoin having hung around $20,000 for months, a far cry from its peak above $68,000 in November 2021. Other cryptos have faced similar or even worse declines. One of the largest mining-related firms in the U.S. filed for Chapter 11 bankruptcy in late September. Other companies, however, are seeing opportunity from this crisis, with CleanSpark going on a buying spree of mining rigs and data centers, and DeFi platform Maple Finance starting a $300 million lending pool Binance Pool announced its own $500 million lending fund for bitcoin miners last week and said it would enter cloud mining, a service that allows investors – who otherwise might not be able to buy and operate their own equipment – to rent crypto mining machines. The official launch of the cloud mining service will come in November. BNB can back to 300 in a short time but 195 is a good price for entry and long term investment
Long
by moonypto
8
Optimism (OP) Optimism is a layer two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. Optimism price today is $1.23 with a 24 hour trading volume of 270 million dollars, OP price is up 15% in the last 24 hours after a little correction OP can hit 1.3 and 1.5 did you manage to buy OP at 0.8$?
by moonypto
15
Litecoin (LTC)Litecoin price today is $81 with a 24 hour trading volume of 920 million dollar. LTC price is up 7.0% in the last 24 hours Litecoin is a peer2peer cryptocurrency created by Charlie Lee, a man who take advantage of working on first crypto exchanges aka Coinbase and dump most of his coins on first days of listing, became millionaire and quit his job! so technically LTC is just a simple fork of BTC 50-60 is a dip for ltc and good time to load some coins and 95-110$ is an important time for bulls and time to take good profit as well Never FOMO on LTC and be ready for rejection and pullback at blue line level
by moonypto
11
XRPUSD This is how it can reach $10 by the end of 2025.XRPUSD hasn't made a new ATH since January 2018. Instead its last Cycle was a Lower High of a 6 year Triangle that hasn't been broken yet. The price has been consolidating for 18 months and is pattern is running out of space. Volatility is expected to become fierce until the end of the year but if it follows the expansion pattern of the 2013-2016 Triangle, then we can see a massive price explosion early in 2025. That rally reached the 2.0 Fib, the parabolic channel of XRP suggests it won't go higher than the 1.5 Fib. As a result, we think $10 is a fair price in this scenario. Follow us, like the idea and leave a comment below!!
CRYPTO:XRPUSDLong
by TheCryptagon
FLOKIUSD: x10 from the bottom is perfectly plausible.Floki Inu just turned bullish on its 1D technical outlook (RSI = 57.616, MACD = 0.000, ADX = 13.319) as it made a strong reversal and will most likely close the week in green. The most important news is that it has been holding the 1W MA50 since the August 5th test. This is capable of starting a rally that can achieve +1000% from the Aug bottom as it is similar to the two previous Falling Wedge bullihsh breakouts inside the wider Bullish Megaphone. We target its top (TP = 0.00100) by late Feb 2025. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:FLOKIUSDLong
by InvestingScope
BTCUSDT KEY LEVEL📌 Trading Instrument: BTC/USDT 🔶 Key Levels and Scenarios 🔶 📝 Market Overview: BTC is currently in a critical zone where it could either continue its bullish momentum or see a breakdown from the current trend. The market remains bullish until it breaks below 67.6k, which is the key diagonal trendline marking the end of the impulsive movement from the bottom of the channel. On the 4H timeframe, there is a bearish divergence between wave 3 and wave 5, which signals potential weakness. However, this does not mean the market can't go higher. In fact, unless the oscillator (RSI) makes a higher high (HH), this divergence remains valid. If the RSI pushes higher than 77, the bearish divergence will be invalidated, and we could see BTC continue its bullish trend. 🎯 What to Do Now? No current position? It's advisable to stay out and wait for a clear breakdown or breakout to confirm direction. Breakdown Scenario Key Breakdown Level: 67.6k If this level breaks, it will mark the end of the current bullish momentum. In that case, expect targets at: 65k 63.8k 62.6k (aligns with Fibonacci levels 0.382 - 0.5) Further Downside: The 0.61 Fibonacci retracement is likely to be the final target in a breakdown scenario, aligning with target 3 on the chart. Breakout Scenario Key Breakout Level: 73k A breakout above 73k will invalidate the bearish case and could lead to an explosive move toward: 100k – 110k. Divergence Invalidation To invalidate the current bearish divergence, the RSI needs to rise above 77, confirming higher prices. Otherwise, the market could reverse at any time. 🚨 Strategy: Stay cautious. If you're not in a position, it’s best to wait for either a confirmed breakdown below 67.6k or a breakout above 73k. Both scenarios offer clarity on the next major move. 🔶 Important Note: 🔶 Based on the rejection and the market's movement in the coming period, we will be able to determine whether the market is heading towards a new All-Time High (ATH) of 100-110k, or if we are in for a deeper correction with potential targets of: 58k 48k 44k 40k The market reaction at these critical levels will guide us in identifying the next major trend shift. 🚨 Disclaimer:🚨 This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
by RhinoAkaBear