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DOGEUSD The new Bullish Wave is taking off.Dogecoin just turned bullish today on its 1D technical outlook (RSI = 58.168, MACD = 0.002, ADX = 16.620) after its 1D RSI spent the first 2 weeks of October sideways, forming the bottom. This is a bottom similar with late Aug-Sep and during that time the 1D MA50 held six different 1D candles. The pattern is a Channel Up the past 10 weeks and today's candle has confirmed the start of the new Bullish Wave. We expect at least another +43.58% rise from the bottom (TP = 0.14450). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:DOGEUSDLong
by InvestingScope
5
Bullish Butterfly Ascends a Channel w/Underlying Fib LevelsHere I have BINANCE:XRPUSDT on the Weekly Chart! Beginning of March 2020, BINANCE:XRPUSDT hits its Lowest Low @ .1013 Beginning of April 2021, BINANCE:XRPUSDT hits its Highest High @ 1.9669 For context ~1,800% Increase in 1 Year Taking the Fibonacci Retracement Tool, we can see that Price made a drop after the Higher High (Point A) to the 78.6% level (Point B), created a Lower Low at the 32.8% (Point C), then was rejected after descending to the 88.6% (Point D) and with this Price Action, formed a Bullish Harmonic Butterfly Pattern!! Parameters: X - B .786 A - C .382 / .886 B - D 1.618 / 2.618 X - D 1.27 / 1.618 (B/D and X/D Fall Short) -Price is continuing to trade Above the 200 EMA With the short-coming completion of this pattern, sprouts an Ascending Channel that Price now currently is traversing up! -If Price can continue this upward path, I believe it will battle with the Overlying Resistance Zones that line up with these Fibonacci Levels! 1) .8139 - .9240 (61.8% - 55.9%) 2) 1.2542 - 1.5266 (38.2% - 23.6%) *Caution to those who see the Ascending Channel break Bearish, because then Price Action could be a signal of a Double Top!
Long
by Novi_Fibonacci
2
PEPEUSD The 1W MA50 will push it to new Highs.Pepe (PEPEUSD) has already recovered all of last week's losses and appears that it can break above September's 0.000012 High. All this bullish strength is technically fueled by the hold the crypto made just above the 1W MA50 (blue trend-line) last month. Technically that is the start of the new Bullish Leg of Pepe's historic Channel Up, however it is possible to make one last pull-back towards the 1W MA50 in December, like it did during the previous accumulation phase in December 2023. Now as far as targets are concerned, the previous two Bullish Legs rose at least by +2525% and reached the 1.618 Fibonacci extension (Higher High to Higher Low). As a result, the more realistic Target at the moment is 0.000030 (1.618 Fib). ------------------------------------------------------------------------------- ** 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:PEPEUSDLong
by TradingShot
70.3K is a nearest targetMorning folks, So, BTC nows shows good bullish context. Downside action was limited with our AB=CD. Due to couple of bullish grabbers on weekly chart we consider 70.3K Top as the nearest target. On intraday charts we consider 62-63.5 and 61.15K Fib levels as potentially interesting for entry. It is just unclear in what manner the pullback happens. Big reverse H&S pattern is more in favor of 61.15K area, while gradual minor retracement could point on 62-63K... Overall context bullish and we do not consider any bearish positions by far.
BITFINEX:BTCUSDLong
by Sive-Morten
BITCOIN Channel Up starting the new Bullish Leg!Four months ago (June 07, see chart below) we published a post on Bitcoin (BTCUSD) calling it an 'Unpopular opinion' as despite a on ongoing rebound in May, we signaled a correction as, based on the long-term Channel Up since November 2022, it was technically possible to see a pull-back below the 1D MA50 (blue trend-line) and then extended consolidation until a potential bottom on the 1D MA100 (green trend-line): Even though the Channel Up had to be readjusted, the price action delivered the exact pattern of the previous 6-month (April 11 - October 16 2023) consolidation and almost tested the 1D MA100, forming a bottom on August 04 2024. The similarities between those two fractals are more evident on their 1D RSI sequences. This shows that right now we could be before a break-out similar on the October 16 2023 candle. Regardless of that, it appears that the new Bullish Leg of the 2-year Channel Up is accelerating and a new High above 66500 would confirm it. We have had 3 major Bullish Legs so far, more or less around the same levels (+92.27% to +101.57%). So a bad case scenario would be to see a +92.27% rally from the August 04 Low, which would still give us a $94500 Target. So what do you think? Is the Channel Up just heating up and can the new Bullish Leg reach 94.5k? 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
Solana Approaching Critical Support: Bullish Reversal or DeclineSolana has shown impressive resilience in the crypto market, benefiting from its high scalability and rapid transaction speeds. Now, the price is testing key support levels, which could define the next directional move. Upside Potential: A bounce from the support around $143.04 could drive SOL higher toward $154.20. A break above this resistance could confirm a strong upward momentum, allowing SOL to push toward the $160 range. Downside Risk: If SOL fails to hold the current support, a decline toward $138.53 and potentially $135.48 is possible, signaling more downside pressure in the near term. This is a critical zone for SOL, with both bulls and bears closely monitoring price action for confirmation of the next move. Happy Trading Mindbloome Trader
CRYPTO:SOLUSD
by Mindbloome-Trading
SasanSeifi| Are We Headed for $35/$40 !??Hey there, ✌ BINANCE:AVAXUSDT In the daily timeframe, we've witnessed a persistent downward trend for more than four months. Recently, the price corrected and has now entered a phase of positive volatility around the $20 level. After breaking the downtrend line, it successfully reached the critical $30 threshold, indicating significant growth. At present, after testing the $30 resistance, the price has retraced and is trading around $26. It's vital to maintain support levels between $25 and $20 for a continued upward trajectory. Looking forward, if we can hold these support zones and the price stabilizes above the 200 EMA and the $30 level, we could target a move towards $35 and potentially reach the $40 order block. For a better grasp of future price movements, it’s essential to monitor how the price reacts. Should the price fail to hold above these critical support levels and dips below the demand zone, we may see further corrections down to $15, $13.50, and $10. 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! ✌😊
by SasanSeifi
ALT - Ready for breakout? Hi, this is my new analysis for ALT. After breaking both the resistance 0.10 - 0.1030 and 50SMA/100SMA, in the last few days we have tested to see if these levels will act as support or not. Fortunately it has been good support for ALT. At the same time we have a big descending trend line that has been tested 4 times. I expect after breaking the trend line we are going to takeoff. The next resistance is around 0.1680 - 0.1750 and after a good ABC correction we are going much higher to next level 0.36. It is going to be up 200% from current levels. On the daily timeframe we are getting bullish momentum on MACD and as you see we are in a good uptrend on RSI. It is very important to hold the support levels around 0.10 - 0.1030, but if break those levels we are going much lower to 0.080.
Long
by GOAT1375
Bitcoin Faces MA200 Resistance: Is a Deeper Downtrend Ahead?This analysis examines Bitcoin's recent price movements on a daily timeframe. The MA200 (200-day moving average) has now been established as resistance; this comes after a failed breakout attempt in September. Recently, Bitcoin tried to surge above the MA200, however, it fell short, concluding the session with a pronounced negative candle, which signifies bearish momentum. I wish to emphasize a short-term lower high (this could indicate) that Bitcoin will probably keep trending downward shortly. Although the market remains volatile, the current indicators suggest continuing this trend, because traders are wary.
INDEX:BTCUSDShort
by Elysian_Mind
BTC Market Analysis 27.09.2024📌BTC Market Analysis📌 Overview: The current BTC market is showing mixed signals, indicating potential for both bullish and bearish scenarios depending on key resistance and support levels. The analysis focuses on a WXY correction pattern on the larger timeframes and a potential bullish continuation on the shorter ones. Here’s a detailed breakdown of the potential paths BTC might take: 📌Bearish Outlook:📌 Scenario 1 - 1D Timeframe: Chart Reference: BTC 1D Analysis BTC is currently completing a WXY correction where each wave (W, X, Y) is composed of an ABC pattern: W = ABC X = ABC Y = ABC Currently, the price is at the top of the B wave of the Y correction, expected to end between $65,600 – $68,100. Key Levels: Invalidation Level: $73,770 — If the price closes above this level, the bearish scenario will be invalidated. Take Profit Area: $44,013 - $40,813 — This zone represents a reasonable target for shorts if the bearish move materializes. 📌Scenario 1 - 4H Timeframe:📌 Chart Reference: BTC 4H Analysis Zooming into the 4H interval, we can see a more detailed structure of the B wave of the Y correction. Bearish Divergence is forming on the 4H timeframe, which could signal a potential reversal. A key diagonal support trendline is visible (marked in aqua on the chart), and this line has been sustaining the bullish trend for the past 21 days. Strategy: It is crucial not to prematurely short this market. Instead, wait for a rejection from the box area and look for confirmation if BTC breaks below the trendline. If this happens, the bearish divergence would be confirmed, and a stronger downtrend could ensue. 📌 Scenario 2 - Alternative Bearish View: 📌 Chart Reference: BTC Bearish Scenario 2 This scenario is currently the least probable but still possible. The structure could either be a WXY or a simpler ABC correction. WXY: A complex corrective pattern with internal ABC formations. ABC: A simpler structure where Wave C must have 5 waves down, while Y has corrective ABC movements down. The flat correction pattern generally targets 0.786 - 0.886 Fib retracement levels, which in this case are between $68,602 - $71,015. Key Levels: Targets: $43,224 - $39,608 — Potential bottom areas for both WXY and ABC scenarios. Invalidation Level: $73,777 — If BTC breaks and closes above this, the bearish view will be negated. 📌 Bullish Outlook: 📌 📌Scenario 1 - 1D Timeframe:📌 📌Chart Reference: 📌 BTC Bullish Scenario 📌 Live Chart: 📌 BTC Bullish Scenario Live chart This is the only bullish scenario currently under consideration. The confirmation for this setup would be a breakout above the previous ATH (All-Time High), which stands at $73,835. 📌 Important Note: 📌 This wave represents the final leg of the entire bullish cycle. It’s characterized by increased volatility and risk, as the uptrend could end abruptly. 📌 How to Trade It: 📌 Regularly take profits as the price moves higher. Gradually exit positions instead of waiting for the absolute top. The moment BTC hits the actual cycle top, it could see a 20-30% drop in a single day. Recoveries can take months or even years if one gets caught in this position, as the market could transition into a prolonged bear phase until the next bullish cycle. 📌 Technical Details: 📌 The analysis shows clear wave structures. Wave 4 bottomed at $49,043, sitting on the 0.5 Fib level, a typical strong support for Wave 4 in Elliott Wave Theory. 📌 Targets: 📌 $85,406 – $92,679 — These are nominal targets based on current wave projections, without considering extended waves. Invalidation Level: $52,413 — If the price falls below this point, it would confirm one of the bearish scenarios instead. ⚠️Causion: ⚠️ BTC is currently at a critical juncture. While a bullish continuation is possible, it requires breaking the previous ATH to confirm. On the other hand, the bearish scenarios provide multiple levels of confirmation, including bearish divergences and trendline breaks, which could suggest a deeper correction if confirmed. Traders should maintain a cautious approach, utilize appropriate risk management, and stay nimble as the market reveals more information. ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
COINBASE:BTCUSD
by RhinoAkaBear
BTC/USDT NEXT 2-3 WEEKS GAME PLAN 30.09.2024Bitcoin/USD Analysis Update 🪙📉 In our previous outlook, we emphasized the importance of waiting for a clear directional move. Today, we witnessed a breakdown of the bullish trendline that had been holding for the last 24 days, signaling a potential start of a larger bearish structure. I took advantage of the initial breakdown with a quick short trade and am now focusing on positioning for the next major wave. Current Market Outlook: Bearish 📉 Based on the Elliott Wave Theory (EW) and additional confirmations, it is evident that the trend is bearish on the swing-term (7 days and beyond). Currently, we are in a mini wave 3 of the first larger wave from the recent top. While it's not yet certain whether this is wave 1 or wave A, the upcoming move should clarify the structure. In either scenario, we can expect a strong wave 3 or wave C to unfold, potentially offering lucrative short opportunities. The accompanying chart outlines my projected path for BTC over the next 14–18 days. The roadmap should help visualize the expected movements, showing key targets where I anticipate the price to reach. Wave Analysis & Strategy: Currently, the price is moving in what appears to be the first wave of a new downtrend. If this scenario holds, the initial target for this wave is set between $62,350 and $61,888, where I expect wave 1 to complete. Once this target zone is hit, I anticipate a pullback to the $64,000–$65,000 range. This pullback will form either wave 2 or wave B, presenting an opportunity to re-enter the short side. My strategy here is to look for short entries around this level, with the invalidation level set at $66,200. If the price reaches this point, it would signal a potential shift in structure, and I would re-evaluate my bearish bias. Projected Outcomes: Wave 3 Scenario: If we are in wave 3, the next major target would be around $59,000 or potentially much lower, depending on the momentum and overall strength of the sell-off. Wave C Scenario: If this structure turns out to be wave C, then the move might not go below $61,000–$60,000. The reaction at this level will be critical for determining whether we are in a corrective wave or a more aggressive decline. Impulsive Move Scenario: In case this is an impulsive move with a 5-wave structure, it could lead to a more extended downtrend. In this scenario, the main target for the entire downward move is between $57,800 and $56,000. After reaching this zone, I expect a 10-day consolidation period before a significant drop towards the $44,000–$40,000 range. This would mark the completion of a larger degree wave, setting up for a potential medium-term recovery. Key Levels to Monitor: Wave 1 Target: $62,350 – $61,888 Wave 2/B Pullback Zone: $64,000 – $65,000 Wave 3 Target: $59,000 Wave C Target: $61,000 – $60,000 Final Impulsive Target: $57,800 – $56,000 Long-term Target: $44,000 – $40,000 Invalidation Level: $66,200 ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
BITSTAMP:BTCUSD
by RhinoAkaBear
BTC/USDT Daily AnalysisCurrently, we are in a zone of uncertainty ⚠️. If BTC loses the blue horizontal line, it will signal a breakdown and likely lead to a drop into the 58,400 - 57,700 range 📉. 🔸 The main resistance is the light blue diagonal trendline, which has been acting as resistance since the drop from 66,100 USD. If this diagonal trendline is broken, the next target should be between 63,300 - 64,500 , which corresponds to the 0.5 - 0.65 Fibonacci retracement levels. 🔝 🔹 The bounce from the bottom (60,164) up to 61,928 USD was supported by a triple bull divergence 🐂📈, and the move was an impulsive wave upwards , indicating that another upward push is likely. However, after reaching 61,928 USD , a bearish divergence formed 🐻🔻, confirming a weakening trend on the lower timeframes. Following this, the light green diagonal trendline was broken, signaling the beginning of a pullback and a move towards a retest for a resistance/support fli p. 🔄 🔸 Currently, the price is undergoing a downward correction and testing the previous resistance to establish a support level. We are waiting for the creation of another bullish divergence on the lower timeframes—specifically a hidden bullish divergence 🔍🟢. This setup would indicate a potential push to at least the 0.5 Fib level , marking the end of the correction before resuming the new bearish trend 📉. ⚠️ Invalidation: If we break above 66,000 USD , it would confirm a reversal of the main trend, indicating that the market is now bullish 🐂💪 and we could be heading towards a new all-time high 📈🚀. ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
BITSTAMP:BTCUSD
by RhinoAkaBear
BTC/USDT Daily Update📉 BTC/USDT Daily Update 03.10.2024 📝 Market Overview 📝 Currently, Bitcoin is trading in a choppy market structure. The price has been fluctuating between a diagonal trendline, which has served as support over the past four days. Each time BTC tests this level, it faces rejection; however, the resistance is gradually diminishing due to the downward sloping trendline. Typically, after such rejections, the price tests the support zone, making a new low around $50-$100 lower than the previous support, indicating a possible stop-loss hunt pattern. This can best be described as a classic choppy market. 🔍 Oscillator Analysis 🔍 On the 1-hour chart, a bullish divergence has formed, evolving into a triple divergence, which often precedes a strong upward movement. 📊 Bullish Case 📊 To confirm bullish momentum, we need a break above the blue diagonal trendline, currently at $60,850. If BTC breaks and holds above this level, the minimum target would be between $63,140 - $64,200 (0.5-0.65 Fibonacci level). 📉 Bearish Case 📉 A breakdown below $59,800 and a sustained hold below this level for at least 1 hour would signal a bearish continuation. In this scenario, targets would be in the $58,200 - $57,200 range. ⏳ Current Condition ⏳ Waiting for a breakout or breakdown. (⚠️ Awaiting confirmation before taking action.) ⚠️ Disclaimer: 🚫 This is not financial advice. Always trade responsibly and conduct your own research. 🚫
by RhinoAkaBear
BTC/USDT Weekly update 10.07.2024📌 Trading Instrument: 📌 🔶 BTC/USDT 🔶 📝 Detailed Market Overview: 📝 Bitcoin has finally reached a key confluence zone around the 0.61-0.65 Fibonacci retracement levels. At the moment, BTC is showing signs of bearish divergence on the 1-hour timeframe, and a similar pattern is forming on the 4-hour timeframe. Such divergences are typically seen at the end of waves, indicating a potential reversal is approaching. The current price structure appears corrective, with Wave B being characterized by a sideways abcde pattern, which is commonly observed during Wave B or Wave 4 of a larger trend. However, given the overall market context, it’s more likely that this is a Wave B scenario, as a Wave 4 doesn’t fit the current wave count. Now, Bitcoin seems to be completing the last Wave C of this corrective structure, which would mark the end of this short-term bullish bounce within the larger bearish trend. Rejection is expected within the next 1-2 hours, unless BTC breaks above $66,000. As long as this level holds, the swing-term trend remains bearish. Additionally, the entire corrective bounce has been supported by a diagonal trendline, which is currently acting as a key support level. A break below this diagonal trendline would confirm that the top is in, signaling a bearish reversal on lower timeframes. This would align with the broader bearish market trend, and we could see Bitcoin targeting $58,000 as the first key support, with a potential to drop as low as $47,000 in the coming weeks. 🔍 Bearish Signals: Bearish divergences on the 1H and 4H timeframes. A potential Wave C completion within the corrective structure. Key support trendline is at risk of breaking. 🎯 Bearish Targets: If confirmed, the downside targets include: $58,000 $47,000 💡 Bullish Case: If BTC breaks above 66k it will be confrimation its going to break ATH! ⚠️ Disclaimer: 🚫 This is not financial advice. Always trade responsibly and conduct your own research. 🚫
BITSTAMP:BTCUSDShort
by RhinoAkaBear
Bitcoin Market Analysis🔍 Current Market Overview: Bitcoin is approaching a critical juncture! 🔥 After the recent movements, we’ve seen a significant bounce 📈 following the completion of a 5-wave impulsive move to the downside. This has been confirmed through bullish divergences across multiple timeframes (4H, 1H, and 15M). The bounce brought us up to the 0.5 Fibonacci retracement level of the last downward move. Now, Bitcoin stands at a crossroads, with two main potential outcomes depending on how the market reacts to these levels. 📊 Main Market Scenarios 1. 🐻 Bearish Scenario: Continuation of Wave 3 The primary scenario, based on the current market structure, suggests that Bitcoin may have completed its corrective bounce and is preparing for the next impulsive wave downward. This could represent the third wave in a larger downtrend, typically a powerful push lower. 📈 Current Pattern: The latest move shows an impulsive, corrective, then impulsive sequence, which could either be an ABC correction or simply the first wave of the third major leg down. 🔹 Target: If this is indeed Wave 3, I expect a pullback to the 0.61-0.65 Fibonacci level, followed by a significant move down towards the 51k-47k range. ⚡ Confirmation: A breakdown below 58.8k will confirm this bearish outlook. ⚠️ Invalidation Level: A move above 64.4k invalidates the bearish case. In that situation, we could enter a larger sideways range. 2. 🐂 Bullish Scenario: ATH Break There is also a bullish scenario, although it's less likely right now. If Bitcoin manages to break above 64.4k, the next potential move could target the 68-69k range. From there, we might see either another leg down or, in the best-case scenario, a breakout towards a new All-Time High (ATH). 🚨 Risk Management: We have clear invalidation and confirmation levels. Proper risk management is crucial to avoid being caught in a choppy market. 🟢 Bullish Case: Breaking the ATH would confirm a strong bullish trend, allowing for smoother trading opportunities rather than getting stuck in a range-bound market on higher timeframes. 💡 Conclusion: The market is in a pivotal zone. Bears have control as long as 58.8k remains a key support. A breakdown would open the door for much lower levels, possibly as low as 47k. However, any move above 64.4k could shift the market into a more neutral to bullish stance, with a possible test of 68-69k. Stay cautious and manage risk accordingly. ⚠️ Disclaimer: 🚫 This is not financial advice. Always trade responsibly and conduct your own research. 🚫
BITSTAMP:BTCUSD
by RhinoAkaBear
UNIUSD Will it break above the ultimate Resistance cluster?Uniswap (UNIUSD) broke yesterday above its 1D MA200 (orange trend-line) for the first time since July 03 but failed to close above it. The reason is the presence there of another strong Resistance level, the Lower Highs trend-line started on the March 06 High. Those two form the ultimate Resistance cluster and only a 1D candle close above both can confirm the start of a new long-term rally. Technically the pattern is a Channel Up since late 2022 and a new rally would be its Bullish Leg. The previous Bullish Leg rose by +337.70% so if we get that closing confirmation, we will turn bullish again, targeting a Higher High at $20.000 (just below the +337.70% mark). ------------------------------------------------------------------------------- ** 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:UNIUSDLong
by TradingShot
1
BITCOIN below the 60k again! Is this alarming??Bitcoin (BTCUSD) broke today below the $60000 market again for the first time since September 18. The first headlines are already hitting the market calling for more downside. We highly doubt that as no only has the priced formed the first Higher High on September 27 in 6 months, but more importantly the uptrend since the August 05 bottom is supported by a Higher Lows trend-line. Also, the 1D MA50 (blue trend-line) may have been broken, but as long as the price holds the 1W MA50 (red trend-line), which has held twice already on August 05 and September 06, the chances of a break-out above the 7-month Lower Highs trend-line are high. In fact, the pattern since the August 05 bottom appears to be an Inverse Head and Shoulders (IH&S). The standard technical target on such occasions is the 2.0 Fibonacci extension, which gives us a $80000 price tag. As long as the 1W MA50 holds, this is the most likely scenario 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:BTCUSDLong
by TradingShot
4