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BTC broke out of rising wedge pattern! BTC broke out of rising wedge pattern ; In this technical analysis, Fibonacci retracements of price and time were used to compare the strength of buyers and sellers. As we can see, after an impulsive wave where BTC's price increased to 73,600 over 182 days, it corrected by only 50% over the next 182 days. This means that the market has given sellers as much time as it did buyers, but their strength was half of that of the buyers over the same period. With this description, we can expect the end of the corrective wave and the start of a new impulsive wave, but before that, the previous high of 73,600 must be broken to confidently enter a long trade. Also, the 70,000 level is an important area for BTC; if BTC can hold this area, the likelihood of its rise will increase significantly. This analysis will be updated in the coming days.
by habib75rajabi
ZILUSD Forecast: Bullish Momentum & Targets for Q4 2024, Q1 2025ZILUSD currently finds robust support at $0.0136, suggesting favorable conditions for a potential uptrend. The recent retesting and observed volume indicate a promising setup for a bounce. Concurrently, the ETHBTC pairing shows notable growth, poised to potentially flip the 0.6 level, signaling a likely rally in altcoins. Moreover, with ETH's ETF approval nearing, the market anticipates heightened volatility and upward movements in Q4 2024. Historically, such periods have exhibited significant price rises and increased market activity during bull runs. Notably, preparations for market exit around March or November 2025 are advisable as bull runs typically conclude during these times. In historical contexts, ZILUSD has shown resilience and substantial targets during bull runs, with a minimum target projection of around $0.5 in Q4 2024. Breaking the $0.5 resistance could propel prices towards a maximum target of $1.5 by Q1 2025. Since its listing in January 2018 amidst a bear market, ZILUSD underwent significant downtrends until March 2020, followed by a notable uptrend till May 2021's bull run. Subsequently, a downturn from May 2021 to December 2022 led to a consolidation phase until March 2024, marked by recent upward movements. Retesting support at $0.0135 suggests a potential for a substantial uptrend towards Q1 2025 amidst the approaching altcoin season, expecting similar market volatility. Monitoring resistance zones and patterns is essential to maintain active trading strategies. Consider exiting long positions around March or November 2025, aligning with historical market cycles. For more detailed analysis and future trading ideas, follow us on TradingView. Share this idea with your friends and family to maximize profits. Please like, comment, and engage with our posts for more insights. Thanks!
CRYPTO:ZILUSDLong
by Houseofcryptokings
Analyzing NMR Bullish Symmetrical Pattern: Breakout ForecastThe NMRUSD pair holds strong support at $11.80, presenting significant potential for a bullish move. If this support level holds, we can expect a notable gain. However, if this support breaks, the next strong support is at $10.66, where a bounce is anticipated due to the proximity of a bull run and the nearing approval of the ETH ETF. We can expect market bullishness in Q4 2024, accompanied by high volatility and substantial rises typical of bull runs. Anticipated Bull Run Targets: Based on historical data and calculations, NMRUSD's minimum target during the bull run is projected at $360. If it can flip the $360 resistance by February 2025, we might see a maximum target of $1000. NMRUSD, listed in 2017, has formed a symmetrical triangle pattern expected to break out during the 2025 bull run. Historically, prices have shown unexpected pumps during bull markets, and similar volatility is expected this time. Strategic Long Position Management: Considering the resistance zones and the potential pattern breakout, it is crucial to maintain active trades while monitoring these levels. Plan to exit long positions around March or November 2025, as the bull run is likely to end during this period. For continuous updates and in-depth analysis, follow us on TradingView to stay ahead with our trading ideas and market insights.
CRYPTO:NMRUSDLong
by Houseofcryptokings
Token name from you, Analysis with me(6/22/2024)Hi everyone, I hope you have a great weekend. Last week, this type of post was well received; as I said, I will share a post for your Altcoin analysis request , where you write the Project name and Token symbol in the comment section, and I will then share the token analysis with you. Please pay attention to the conditions. For example , write Bitcoin(BTC) in the comment. Project name : Bitcoin Token symbol : BTC A maximum of 20 tokens will be analyzed for you. Each follower, please register only 1 analysis request in the comment section. Your token analysis will be shared below your comment . I hope you are always healthy first and then rich. Please do not forget the ✅' like(More energy for me) '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
104
My Bitcoin Pull Back ScenarioI want to start by saying that I realize BTC is looking very bullish right now. But with all the difficulty it is having getting and staying above $38k, I feel that this could lead to a pullback. At a minimum, a short-term pullback and worst case a pullback lasting several weeks or more. I could be wrong and BTC could just keep moving higher, but I want to keep an open mind, even to the worst-case scenarios. So this chart depicts what I see as potential bearish scenarios. Looking at the chart you can see four different scenarios. Below is an explanation of each scenario. 1 = Short-term pullback, $35K level holds and BTC moves higher from there. 2 = $35K level fails and BTC drops down to retest the breakout level around $31,500 and bounces higher from there. 3 = $35K and FWB:31K levels fail and BTC drops back below $30k, possibly as low as $25k. #3 would act as a secondary scare for a large number of crypto holders forcing many to panic sell, a wick down into the low $20k levels could be possible. 4 = BTC getting too bullish too fast going into the SEC decision on the ARK 21shares ETF. And the SEC rejects their application causing a severe sell-off. I am very bullish on Bitcoin long-term so I would consider any of these scenarios as a great time to add to positions. In reality many people will panic sell when they should actually take advantage of lower prices and buy more. In my last published chart, I showed how similar the last two market cycles were as far as elapsed time between events (Bottom to halving), (halving to peak), (peak to bottom), and even (Bottom to the date BTC hit a new all-time high). Also, the overall length of the market cycles, Bear market bottom to the next bear market bottom were extremely close, 1431 to 1437 days. My reason for mentioning this is because so far this market cycle seems to be following the same trend. Looking at the elapsed time from the bear market bottom to the halving, market cycle #2 (2015 to 2018) had an elapsed time of 542 days. market cycle #3 (2018 to 2022) had an elapsed time of 513 days. For this current market cycle the halving is estimated to occur sometime between April 17th and the 23rd. That would give this market cycle an elapsed time of between 513 and 519 days. That is very similar to the last two cycles. This leads me to believe that Bitcoin is still following the same 4-year cycle as the previous two market cycles. If this continues to be the case, it means that there is still plenty of time to build positions. It also means that any pullbacks should be looked at as buying opportunities. If this market cycle does in fact mirror the last two as far as elapsed time, then that would mean that a bull market peak could be expected in late 2025. Obviously, the price of BTC won’t move straight up as there will be corrections along the way and some will most likely be severe, possibly 30% or more. So, my strategy will continue to be the same as it has been for months. I will continue to DCA slowly into my positions and occasionally increase the size of my purchases during steep pullbacks. In closing I just want to say that no one really knows how this current market cycle will play out. And just because the previous two cycles matched so closely it doesn’t guarantee that this cycle will as well. But, until I see clear evidence that BTC is deviating from the previous market cycles I will continue to believe that I have at least six to twelve more months to build positions.
Long
by Bigsky_Crypto
1
(XRPUSD) : Broken Daily Uptrend Hey guys, I hope you're all doing well. For XRP, the main thing that is obvious and can show the possibility of a fall in price is the weekly downtrend (attached on the chart). So it can show me the destination of the price for a much longer time. Another reason is the respect of the price in the resistance area (2 times, between 0.54 and 0.55 areas). In my opinion, the price will fall step by step until it reaches the 0.31 or 0.30 area. May you all be PROFITABLE,
BINANCE:XRPUSDShort
by AmirHonardoust
7
SandBox ($SAND) : Bullish Pattern development in long term?Hello everyone! If we look at $SAND in a medium-long term, we cannot rule out a big picture as shown on weekly chart. The big signal of Price Action will be the Neckline achievement (shown on chart as wave IV retest) of a large "Head & Shoulders". Working on daily time frame, I found some interesting resistance levels, useful for evaluating the strength of the trend, step by step. I came up with this idea thanks to our last trade on Sandbox, which developed a potential bullish impulse structure. (Click and Play on Chart below) If there are conditions, I will update this idea below. ...trade with care! 👍 Cheers! If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖
Long
by TheAnonymousBanker
6