APT Long Spot Position (Inverse Head and Shoulders Breakout)Market Context: APT is breaking out from an inverse head and shoulders pattern, holding the 200 EMA as support while flipping previous resistance. The key resistance level to clear is $9.8, which could trigger rapid price expansion.
Trade Setup:
Entry: Dollar-cost average (DCA) between $8 and $6.8.
Take Profit:
First target: $9.8
Second target: $12
Third target: $14
Stop Loss: Daily close under $6.
This setup looks solid for a breakout continuation if resistance is cleared. #APT #Crypto
Cryptocurrency
BTC can Reach $125k If It Manages to Break this ... !!As I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern.
previous Analysis
Bitcoin - Time to buy again!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Toncoin Resumes Its Bullish TrendToncoin with ticker TONUSD made a bigger decline recently after Telegram CEO Pavel Durov was Arrested in France. However, they were most likely just spreading the fear like back in 2022 when FTX's Sam Bankman-Fried was arrested as well, but Crypto market found the low back then and turned bullish. So, don't get scared at this stage, as TONUSD may have just finished a deeper A-B-C correction in wave (4) from where we can expect a bullish resumption for wave (5) of 3.
It's actually nicely bouncing from projected support area for wave (4), so wave (5) can be now in progress, especially if jumps back above channel resistance line and 7.3 bullish confirmation level. If that will be the case, then wave (5) has space towards 12-14 target area.
In Elliott wave theory, every impulse should be finished by a five-wave cycle.
LINKUSD Is it about to catch the world's attention again?Almost 1 year ago (October 25 2023, see chart below), Chainlink (LINKUSD) gave us an excellent long-term buy signal after breaking above the Bear Cycle's Lower Highs:
Our 20.000 Target was hit and shortly after the price started to decline inside a 7-month Channel Down, which is still dictating the price action. Since the August Low though, the price has been rebounding on the 2023 Resistance, which we can now consider that it turned into Support.
This cyclical behavior was last seen during the previous Cycle when after a 2.618 Fibonacci extension reach, the price entered a multi-month correction below the 1W MA50 (blue trend-line) and then recovered for the 2nd and final (and most powerful) rally of the Cycle.
This is exactly what we've been seeing this time around also. See how similar the 1W RSI sequences also are between the two fractals.
As a result, we expect LINK to start rising aggressively, even on this month. The previous Cycle topped on the 4.382 Fibonacci extension, so assuming this will be targeted again, we expect to see 53.00 by mid 2025, which is almost its All Time High.
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BTC/USDT Analysis Update 01.10.2024BTC has completed wave 3 of wave 1 (or wave A). Currently, it is progressing through wave 4, which typically retraces to the 0.382 - 0.5 Fibonacci levels. In this area, the hourly MA200 acts as a resistance level and a potential rejection zone. Moreover, there is a potential bearish divergence forming between wave 2 and wave 4, suggesting a likely decline after testing the MA200. If BTC breaks and holds above 66,200, it would invalidate this trading idea.
⚠️ Disclaimer: ⚠️
🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
Bitcoin - Time to buy again!I still stand by my opinion and haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break this triangle strongly and rose to above $66,500. However, we are now facing a short-term correction that could bring the price down to around $62,000. The price could drop to the indicated support area and then powerfully bounce back up, breaking the head and shoulders pattern, and finally reach the megaphone top.
important patterns:
Butterfly Pattern, Megaphone Pattern, Head and Shoulders .
I can’t believe how quickly time has passed. Let’s take a look at my analysis from 2020 (good old days)
and
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The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SAGAUSDT – Reverse Head & Shoulders Eyeing $4.45 TargetSAGA’s reverse head and shoulders pattern is nearing completion, but the breakout hasn’t quite occurred yet. Based on the measured move of the pattern and aligning it with the Fib 3.618 extension, the target price after a confirmed breakout is around $4.45.
We’re currently seeing the price consolidate below the neckline, and if the breakout confirms, we could see a rapid move to the 1.618 Fib at $3.24, followed by the 2.618 Fib at $3.84. The ultimate target, based on the head and shoulders measured move, is the Fib 3.618 extension at $4.45, a significant bullish projection.
However, keep an eye on the RSI and RSI Divergence Indicator, which are showing early signs of bearish divergence. This could mean that, even with a breakout, the price might face some turbulence, potentially pulling back to $2.50 for a retest before moving higher.
In summary: If SAGA breaks out of the reverse head and shoulders pattern, the final target could be as high as $4.45. First, though, it needs to confirm the breakout by pushing through the neckline. Watch the Fib levels and be cautious of the divergence signals showing on the RSI.
Disclaimer: Trading is like surfing—fun, but you might wipe out. This isn’t professional advice—always do your own research and consult a pro before diving in!
BNBUSD: Neutral on 1D but ready to explode.Binance Coin may be neutral on its 1D technical outlook (RSI = 50.922, MACD = 14.240, ADX = 37.132) but this consolidation is a build up to a potential price explosion, as the market tested and held the 1W MA50 in August. This is a similar pattern followed in October 2020 and before that in 2017, which led to the cylical rally to a blow off top. On each Cycle it is logical that the rallies will be shorter (diminishing returns). The first rally covered a full 1.0 Fibonacci range, the second 0.5 and it won't be unrealistic to expect 0.25 this time (50% less each time). Consequently, we expect the 1.75 to be reached this time (TP = 4,500).
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$ARTY : Another Bullrun Ahead ? (READ THE CAPTION)By analyzing the AMEX:ARTY chart on the 4-hour timeframe, we can see that the price is currently trading around the $0.49 level. Previously, the price managed to break the resistance at $0.5599 and even rallied up to $0.5921 before starting its current correction. The key support levels to watch are between $0.4580 - $0.4750 and $0.4250 - $0.4390 . Keep an eye on these zones for potential buy opportunities! (This Analysis Will Be Updated Soon with new Targets)
For Those Whose Asking, I’m not too familiar with the fundamentals of this project too much, but considering the Artyfact Beta launch and the many upcoming events in the Artyfact ecosystem, it seems likely that we could see the next pump for AMEX:ARTY soon! With a current market cap of just $8 million, there's still a lot of room for growth. For those interested, AMEX:ARTY is already listed on exchanges like OKX, Bybit, KuCoin, and a few others !
From Breakout to Boom: The Future of Bitcoin and AltcoinsNow price created H&S with means the price can react to this situation and breaks the neckline and will go up. and also , the price can follow the butterfly pattern and go up.
The cryptocurrency market is growing as expected, with the overall market value (covering Bitcoin, Ethereum, and altcoins) indicating a breakout. This development paves the way for a major upward trend in the coming months.
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The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The last bullish chance of BITCOIN in short-term !!BTC is attempting to break through resistance of ascending triangle pattern after bouncing off support. Wait for a decisive breakout above the ma 200 to confirm the continuation of the bullish trend . Up we go if we do breakout , also a bullish hidden Divergence (HD+) on MACD which shows Positive Signs for BTC.
The price can increase as much as the measured price movement ( AB=CD ) .
The break out needed for increasing further has not happened but it should happen pretty soon.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
BITCOIN When Yuan gains Bitcoin shines. And it's already startedBitcoin (BTCUSD) has already started to break-out last week as it closed the first 1W candle with a Lower High in 6 months. Since the August 05 bottom, we've been seeing a strong bullish build up on BTC and the reason may be simpler than you thought.
As this 1W chart shows, historically when the USDCNY pair (red trend-line) tops by forming Lower Highs and starts declining (aggressively), Bitcoin always initiates its Parabolic Rally phase.
This basically means than when the Yuan gains strength, Bitcoin shines. The USDCNY's previous Cycle in particular, is virtually identical to the current one (2022 - 2024). All the above indicate that we may be on the verge and witnessing the start of BTC's most powerful part of the Bull Cycle.
But what do you think? Will a continuous fall on USDCNY fuel an aggressive rally on Bitcoin? Feel free to let us know in the comments section below!
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63K and 68.75K to watchGreetings everybody,
Just on Thu we've decided to be cautious about any bearish positions as market was behaving not typical, BTC has made drastic changes on Friday. A lot of bullish signs now.
It means that currently we have bullish context. Our nearest target is 68.75K. Meantime, market has hit local 4H H&S target and now shows the response. Here 63K looks interesting for long position taking - trend line support and 3/8 Fib level.
Besides, if later this construction will shift to H&S - we should get upside bounce in a way of right arm, so chances to move stops to breakeven look as good.
Another pattern that might be formed - upside 1.618 3-Drive and BTC could start upside action earlier than 63K. If you want to foresee this either, one of the options is to split position in parts and take small part first, say, 30% of normal trading lot. Take the rest if BTC hits 63K support.
Ethereum just entered an accumulation phase after the breakoutEthereum just broke out of the months-long channel, and in this case, we didn’t see a breakout with strength and volume. However, ETH is entering an accumulation phase and will consequently need to make a decision to break out and rise back to last month's levels.
Just remember that the backbone of all cryptocurrencies is Bitcoin, and if Bitcoin decides to go up, the entire crypto market will rise as a result. So, I invite you to check out my Bitcoin analysis.
Thanks for supporting my analysis.
Good luck!
BTC Lucky Number 7 !!! Get Ready for the Bull RUN!! But first...Lucky Number 7 !!!!!! Get Ready for the Bull-RUN!!! But first...
First of all, I want to clarify that all the checkmarks checked off are the predictions we have been making over all these months. Each checkmark is confirmation that the price behavior followed the analysis we conducted.
In this case, the breakout of point #7 was fulfilled, and this is the breakout I had been waiting for around July-August (point #3). But before we proceed, I want to clarify that for me, a valid breakout means the candle and wick are completely outside the resistance line! So, indeed, for me, this is a legitimate breakout.
BUT BEFORE THIS HAPPENS, WE HAVE TO SEE A SUPER IMPORTANT MOVE!!!!!
Within the N3 pattern, whenever there is a breakout, it is always followed by a new high, and then the price makes its natural pullback. We will look for the price to touch the new support level, rebound, and aim for a new high.
This is my N3 pattern, which I always look for after confirming a breakout.
So, let’s wait a few days to allow Bitcoin to rise as much as it needs to, make its natural pullback, and then buckle up because we’re about to see a strong bullish run.
Thanks for supporting my analysis.
Good luck!
-mike
Bearish Reversal Setup for BNBUSD - Targeting Key Support at 472Description: In this daily analysis of BNBUSD, several bearish indicators suggest a potential decline towards the $472 support level:
Bearish Divergence on RSI: The RSI is showing bearish divergence, forming lower highs while the price has formed higher highs, indicating weakening momentum and a potential trend reversal.
Resistance at $607 - $628: The price is currently facing strong resistance within the $607 - $628 range. This resistance zone has previously acted as a supply area, and the recent rejection indicates that sellers are in control.
Double Top and Descending Triangle Formation: The recent price action suggests a potential double top formation around the $620 level, coupled with a descending triangle pattern, which are both bearish signs.
Price Target at $472: If the bearish scenario plays out, we can expect the price to move towards the key support at $472, which represents a strong area of demand.
Trading Plan:
Entry: Consider a short entry if the price breaks below $593 or on a confirmed retest of the resistance zone.
Stop-Loss: Set a stop-loss above $628 to manage risk.
Target: The primary target is $472, with potential for further movement depending on market conditions.
Remember to manage your risk appropriately, as market conditions can change quickly.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult a financial advisor before making trading decisions.
smc buy side entry confirmation In this image I have shown a comparison in both and the actual working model by looking at the first image it's clearly shown I have written that 1 first chock is trap because it's going up without going down and give idm
IDM is the liquidity sweep it is required to create a valid bos or chock