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BTCUSD: $69000 for the next Channel Up High.Bitcoin is on excellent bullish levels on its 1D technical outlook (RSI = 66.493, MACD = 1450.700, ADX = 46.244) as it is extending a Channel Up since the Sep 6th low. The 4H MA50 has supported three times with the latest being just yesterday (Sep 26th). The two before initiated bullish waves of +9.06% and +11.39%. For as long as the 4H MA50 supports, we expect this Channel Up to test the top of the six month Channel Down (TP = 69,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
SHIB/USDT Secondary trend. Channel. 14 months accumulation.Logarithm. Time frame 1 week for clarity of the channel range. 3 weeks ago, there was an exit of the price under the support of the accumulation channel by a large percentage. Many long positions were liquidated. The chart shows the percentages from this reversal zone to the channel resistance, as well as the average profit percentage when exiting this accumulation channel from the average set price to the significant first resistance. This is what the chart of this cryptocurrency looks like on a line chart without the “market noise” volatility. Accumulation Zone. Pump/Dump and compliance with risk and money management. Remember, this is a pamp/dump meme cryptocurrency, which even at -93% down from peak pumping and with a set zone of about 14 months (!) is at an inadequate profit. That's why follow risk management in your work. It is more rational to work on such cryptocurrencies, not with stops (high volatility, slippage at high %, high probability of beaten out before price increase, the large value of stop is meaningless, they can beat out at -2% and -40%), and work from average buy/sell price (only spot!) with reasonable observance of money management.
Long
by SpartaBTC
43
SasanSeifi|Is a Move Towards the 0.00800 Target on the Horizon?Hey there, ✌ BINANCE:BOMEUSDT In the 10-hour timeframe, as you can see, the downtrend line has been broken and the price is currently trading above the EMA60 and around the high of 0.0006700. The outlook is more bullish, and it is expected that after a minor correction and a possible pullback, or if the price breaks above 0.00680 with momentum and stabilization, it may rise towards the target of 0.00750 and the bearish order block level at 0.00800. To better understand the ongoing trend, we need to observe the price reaction at these levels. ⭕ The key support level is at 0.00600. 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
BTC BULLISH SCENARIO 27.09.2024📌 Bullish Outlook: 📌 📌 Scenario 1 - 1D Timeframe: 📌 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
2
AVAXUSD Bottom formed & going for the ultimate bullish breakout.Avalanche (AVAXUSD) has just touched this week the top of the 6-month Channel Down. In cyclical terms, this is just a big Bull Flag half-way through the Bull Cycle, similar to those of the previous one, in August - November 2020 and March - June 2021. The Cycle's 2nd bottom is in being doubt as the RSI held and rebounded on the 40.00 Symmetrical Support, which held and kick started the post June 2021 bottom rally. The only confirmation left to give us is to break above the 1W MA50 (blue trend-line) for the first time since late July. As you can see both of 2020 - 2021 Bull Flags rebounded aggressively reaching the 2.0 Fibonacci extension. As a result once the 1W MA50 breaks, we expect a similar rally on AVAX, whether more aggressive like 2020 or marginally less like 2021, but our Target is at $250.00 (Fib 2.0 and above the All Time High). ------------------------------------------------------------------------------- ** 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:AVAXUSDLong
by TradingShot
4
ETHUSD is going +100% up after this bullish cross.Ethereum / ETHUSD in on its 3rd straight green week and if it stays that way, it will be the first 3 week bullish streak since March 4th. The long term pattern is a log Channel Up going back all the way to June 13th 2022. The price bottomed in August and early September on the 1day MA200 and last week we had the first bullish break out as the price crossed above the 1day MA50. This week we are having the second as the 1week RSI is crossing above its MA, with the previous such crossing (Oct 16th 2023), starting the last aggressive bullish leg. The third and final bullish signal will be once the price crosses above the 1week MA50. In our opinion the new long term bullish leg has already started and in early 2025 we can see new ATH, more specifically 5500 at the top of the Channel Up. That will be a +100% rise from the current levels. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:ETHUSDLong
by TheCryptagon
1
BITCOIN making a huge break-out as we speak.A little more than a week ago (September 17, see chart below), we made clear that if Bitcoin (BTCUSD) broke above July's Lower Highs trend-line (the Descending Triangle's Top), it would be a major bullish break-out for the long-term: And so it did and today we witness another strong daily rise as the price broke above the August 25 65000 High, cementing and confirming all bullish break-out bias. ** Similar break-out happened 1 year ago ** What's even more interesting is that we saw almost the exact same break-out a year ago on October 01 2023, when BTC again broke above its 1D MA200 (orange trend-line) just after the Lower Highs break-out of an identical Descending Triangle. It is remarkable that the market was also on a 6-month consolidation phase at the time, with a clear Resistance and the 1W MA50 (red trend-line) supporting. The bottom was priced exactly when a 1D Death Cross was completed, just like the current phase did on August 05. ** 6-month Resistance break leading to +200% rise ** After a quick 10-day consolidation following the Lower Highs break-out, the 2023 fractal then 'attacked' the 6-month Resistance Zone and broke it aggressively, confirming the emergence of a violent Channel Up that, after almost a +200% rise, it would take Bitcoin to March's All Time High. ** Fed and U.S. elections immensely bullish ** With the Fed having started a new Rate Cut Cycle last week with an aggressive -0.50% cut and the U.S. Presidential Elections in November historically being a huge bullish event (as explained in one of our recent publications), there is no reason not to expect a similar rally. We are expecting to see $95000 towards the end of the year. So what do you think? Is this a huge bullish break-out for Bitcoin and if so, can we experience a an October 2023 - March 2024 rally? 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
11
DreamAnalysis | CAKEUSDT Start Uptrend?👋 Welcome back to your favorite channel, D reamAnalysis! Today, we're going to analyze one of the key utility coins in the crypto space, PancakeSwap (CAKE), and explore its future potential. 🌐 What is PancakeSwap (CAKE)? PancakeSwap is a decentralized exchange (DEX) built on Binance Smart Chain (BSC). It allows users to swap BEP-20 tokens using the Automated Market Maker (AMM) model. Users can stake tokens to provide liquidity and earn CAKE tokens as rewards. 📊 Weekly Time Frame Analysis: After being rejected at the top of the weekly box resistance at 4.789, CAKE moved towards the bottom, but this time, it didn’t reach the previous l ow. This indicates strong buyer momentum and a lack of sellers in the market. Currently, CAKE is stuck below the resistance at 2.077. If it breaks this resistance with strong volume and RSI confirmation, we can consider a buy position for spot and long-term holding, with a stop loss placed at the bottom of the box around 1.089. 💡 Recommendation: Before investing, I suggest researching the project further to understand if you can maximize your profit. The main trigger for the uptrend will be breaking 4.789, which will mark the start of a solid upward movement. 📅 Daily Time Frame Analysis: For the third time, CAKE is testing the resistance at 2.055. This time, there’s a higher chance of breaking through because we’ve registered higher lows since 1.41, indicating a stronger upward trend. Additionally, during this move towards resistance, volume has increased, and the RSI is rising above 70, which is another confirmation that we may break through the resistance. 🔗 Chart Analysis ⏳ 4-Hour Time Frame Analysis : In this time frame, CAKE has moved up with the help of a parabolic trend, creating higher highs and higher lows. However, the size and number of candles are decreasing, showing signs of trend weakness. But remember, trend weakness alone doesn’t confirm a reversal. 📈 Long Position: Our entry trigger is clearly set, and upon breaking 2.084, we can open a long position and aim for higher targets. 📉 Short Position: This largely depends on Bitcoin’s movement. For a short position, we need a trend reversal or a break below the parabolic line and the support at 2.006. 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze. 📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
Long
by DreamAnalysis
2
Bitcoin Weekly Analysis : Important Bullish Update (READ)Given the recent rise of #Bitcoin in the weekly time frame and reaching $65,000, as expected, strong support was established at $52,750, and the price did not break below $49,000. In this scenario, the short-term targets for Bitcoin are at $67,700 and $71,800. Additionally, based on previous analyses, Bitcoin's mid-term target is $80,000. With the upcoming release of the Core PCE Price Index (Personal Consumption Expenditures) report tomorrow, it's important to note that this report directly impacts the Federal Reserve's monetary policy decisions. If the Core PCE data comes in as expected (0.2%) or even lower, the markets will likely feel less pressure for rapid interest rate hikes. This would benefit riskier assets like Bitcoin, as investors facing controlled inflation and more lenient monetary policies would turn to digital and high-risk assets. In this scenario, Bitcoin is likely to continue its upward trend and reach the short-term targets of $67,700 and $71,800. In the medium term, with easing inflation concerns and stable interest rates, Bitcoin could see further strength, potentially reaching the $80,000 level. However, if the Core PCE data exceeds expectations, indicating higher-than-anticipated inflation, the Federal Reserve may decide to implement more aggressive tightening measures, such as increasing interest rates. This could strengthen the dollar and put short-term pressure on risk assets like Bitcoin. In this case, Bitcoin might experience some downward volatility, with potential support levels at $62,000 and $60,000. However, given the strong fundamental demand and technical factors for Bitcoin, such fluctuations would likely be temporary, and Bitcoin is expected to eventually resume its upward trajectory. The more likely scenario is that Core PCE will come in at or below expectations, providing breathing room for crypto markets and further boosting Bitcoin. However, careful risk management and quick reactions to the data are advised during this critical period.
Long
by ArmanShabanTrading
1
Watching for the same 60.5K areaMorning folks, So, the plan that we've prepared last week mostly stands the same. In fact, BTC has decided first to complete upside nearest AB=CD target, and starts retracement second. So, although we were waiting for pullback on previous week, it is starting only now. Here, on 1H chart you could see potential H&S pattern. We do not call you to trade it, because our primary context is bullish (although you can if you want). Here we're mostly interested with its fruits - downside pullback somewhere to ~60K support area. Which we think might be interesting for long entry later in the week. Cheers.
COINBASE:BTCUSD
by Sive-Morten
Can SHIBA have its 2020/21 DOGE moment??Shiba Inu (SHIBUSD) is making a strong bullish case this week as not only did it break above its 1W MA50 (blue trend-line) for the first time since mid-August but is also testing the Top of its 7-month Channel Down, all while being supported by the 1W MA200 (orange trend-line). This Channel Down is, on the larger scale, nothing but a Bull Flag, the kind of pattern that precedes aggressive rallies and bullish extensions. In fact if we compare Shiba's Cycle since its October 2021 Top, we see strong similarities with Doge's (DOGEUSD) true expansion Cycle in 2018 - 2021, where it achieved its strongest recognition/ adoption. An (a) top led to a (b- f) Channel Down that priced the Cycle's bottom and after a 1W Golden Cross, it formed the Bull Flat that SHIB is in right now, which initiated its hyper aggressive parabolic rally to the Cycle Top. As a result, being still below its 0.5 Fibonacci retracement level, Shiba is massively undervalued in cyclical terms and technically if the Bull Flag breaks to the upside, the rally that will follow can target the 1.5 Fibonacci extension at 0.00035, just like Dogecoin did in January 2021. Do you think it will replicate this pattern or the market cap would be unrealistic? ------------------------------------------------------------------------------- ** 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:SHIBUSDLong
by TradingShot
10
Phemex Analysis #25: PT going for New ATH?!PHEMEX:PTUSDT.P has been making waves in the crypto market, and its recent price action has caught the attention of many investors. After a healthy retracement to the $0.93 level, PT staged a powerful comeback, rallying by a substantial 40% to its current trading price of $1.34. This surge has brought PT dangerously close to its previous all-time high (ATH) of $1.3696, setting the stage for a potential new record. Roadblocks and Opportunities As Phemex Token (PT) approaches its ATH, it's encountering some resistance at the $1.3696 level. Multiple attempts to break through this barrier have been unsuccessful, leading to temporary pullbacks to the $1.30 level. However, this resistance also presents a buying opportunity for those who have been waiting on the sidelines. For investors who missed out on the initial rally, buying near the $1.30 level could be a strategic move. It allows you to potentially capture further upside as PT attempts to break through its ATH. However, it's crucial to implement a stop loss below $1.30 to protect your investment in case the price reverses. Playing the Dip If the price does reverse, there are potential buying opportunities at lower levels. Strong support levels exist at $1.20 and $1.07. Buying on dips at these levels could offer a good entry point, especially if the overall bullish trend remains intact. Fundamental Strength Beyond the technical analysis, Phemex's fundamentals are also looking promising. The exchange has been gaining traction and performing well, and its SocialFi platform, PULSE, is making waves in the SocialFi sector. This positive fundamental outlook strengthens the case for PT's continued growth. Conclusion Phemex Token (PT) is in a strong position, having recently surged 40% and approaching its ATH. While there is resistance to break through, the potential rewards for investors who time their entry correctly could be significant. By carefully considering the technical analysis and fundamental factors, you can make informed decisions about whether to invest in PT and at what price point. Tips: Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Try it out Today! 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
ALGO Long Spot Position (Descending Resistance Breakout)Market Context: ALGO has recently broken through the descending resistance line from May and is now at support, presenting a long trade opportunity. Trade Setup: Entry: Ladder into a long position in the $0.13 - $0.1380 support area. Take Profit: First target: $0.16 - $0.17 Second target: $0.20 - $0.2170 Stop Loss: Just below $0.123 ⚡ This setup aims to capitalize on the breakout and current support level. #ALGO #Crypto
Long
by Richtv_official