FILUSD Just flashed the strongest long-term bullish signal!Filecoin (FILUSD) closed last week's 1W candle above the 1W MA100 (green trend-line) for the first time since the January 10 2022 1W candle! That alone is a major long-term bullish signal that validates the transition to the Bull Cycle. A further closing above the Lower Highs trend-line, would confirm the bullish break-out signal without any additional hurdles in front of it.
This basically resembles the February 10 2020 candle of the previous Cycle that closed above the 1W MA100. As you can see, it failed to close immediately above the Lower Highs and as a result pulled-back to the historic Support Zone (red) before starting the sustainable Parabolic Rally (of course that was during the March 2020 COVID market crash). A Bullish Cross between the 1W MA50 (blue trend-line) and 1W MA100 took place. That's something we are still missing on the current Cycle but estimates show we can get one by the end of April - beginning of May.
As a result, we are prepared to buy if the price breaks and closes above the Lower Highs trend-line and target the bottom of the Symmetrical Resistance Zone at 23.000. If rejected, expect a pull-back near the 1W MA50 and then start of the Parabolic Rally to test the 126.000 All Time High.
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Cryptocurrencysignals
BITCOIN just made the most important 1W closing of this Cycle!Bitcoin (BTCUSD) made last week a closing that is going under the radar by the market. The closing of the last 1W candle was made above the 0.786 Fibonacci retracement level from the November 2021 All Time High (ATH). But why is that of such a significant value? Because every time in BTC's history it closed a 1W candle above the 0.786 Fib of the ATH, the price never closed below it again.
In fact we can claim that for every past Cycle, such a 1W closing is the final confirmation for the start of the Parabolic Rally. It has to be noted that after such closing, Bitcoin made new ATH in maximum 2 months! That suggests we could see a new Historic High at the time of the Halving! Are just starting the new rally?
Feel free to let us know in the comments section below!
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RLC/USDT Secondary trend. Decline -63% Wedge. 10 2023Logarithm. Time frame 1 day. Secondary trend.
Working with a wedge . Breakout, pullback after breakout. Showed percentages, two targets in succession and two options if the breakout will be now or after another decline when forming a wedge from key support zones. Stop loss on such coins before reversals is usually knocked out. Its length does not matter (large slippage due to liquidity) The chart earlier is a witness to it.
If you are working from the average buy/sell price , then put the average price between the two zones in your risk management, it is more rational. Hope for the best, but expect the worst. As a rule, breakouts on similar cryptocurrencies of such liquidity take place in impulses by a significant percentage. Take profits and forget it, move on to another similar coin before the breakout. Pump/dump coin is not for accumulation.
Low and medium liquid alts. Try to take the momentum, that is, the first movements of the trend reversal (breakout of the wedge), do not emphasize the instrument (crypto coin), it is all conditionally crypto garbage. Use the given time, don't use high leverage + protect profits if they are substantial. There is no real shock capitulation yet, whether they will do it or not is another question.... But always more yes than no.
🧠 Mani and risk management. .
In any case, always follow mani management, less margin, more spot. Limit potential risks, especially on HYIP garbage, observe adequate risk management especially when working locally, no matter you are working with stop loss or from average buy/sell price. Risks are calculated in advance, not post facto. Set adequate targets as for a local trend, without hamster x's (i.e. maximum channel range or a little more than the average price of targets (according to TA) of the wedge.
Line chart.
ETHUSDT,🔴Possible scenarios🔴(Details on caption)
As you can see the price is in the important supply zone formed as a bearish breaker block. If this supply zone can hold the price, we can expect a bearish movement, so the primary condition for a bearish scenario is that the price respects the bearish order block and rejection from this zone. For this scenario, we can define the targets as follows: 2470, 2100, 2044.
On the other hand, if the price breaks the bearish breaker block, we can define this breaker as support and expect higher targets as follows:
3200, 3580, 3920
💡Wait for the update!
🗓️17/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
UMA completing a setup for upto 19% pumpHi dear friends, hope you are well and welcome to the new trade setup of UMA token with US Dollar pair.
Recently we caught 12% pump of UMA as below:
Now on a daily time frame, UMA is about to complete a bullish Gartley move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Sleepless AI completed a setup for upto 19.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Sleepless AI with US Dollar pair.
Recently AI was very close to enter the buying zone, but pumped before entering the buying zone as below:
Now on a 4-hr time frame, AI has formed a bullish AB=CD move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Render completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with US Dollar pair.
Previously we caught a almost 111% pump of RNDR as below:
Now on a 2-hr time frame, RNDR has formed a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
VETUSD On the verge of an enormous rally.VeChain (VETUSD) is making this week (1W) a triple bullish break-out as it broke above December's Resistance, the Bear Cycle's Lower Highs trend-line that started on the April 2021 All Time High (ATH) and the 1W MA100 (orange trend-line), which is the first time above it ever. A closing above the latter, confirms the beginning of a new long-term Bullish Phase for VET.
This resembles the break-out on the June 08 2020 1W candle, which extended above the 0.786 Fibonacci level measuring from the first Lower High and after a pull-back to the 1W MA50 (blue trend-line), it made the ATH just below the 2.0 Fibonacci extension.
As a result, our target on a 6-month horizon is 0.14500, which is at the bottom of the Lower High Resistance Zone.
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BITCOIN Are we witnessing a run straight to new All Time Highs?Bitcoin (BTCUSD) has broken aggressively above January's Highs and hasn't been that high since November 2021! The December - January consolidation is history and what technically follows consolidation periods are phases of strong trends. We can in fact gain remarkable insight by comparing BTC's bullish run since the November 2021 market bottom to the runs of 2020/21 and 2015/16.
As you can see on these 1W time-frame charts, all periods share common characteristics. They all started with a strong Channel Down that formed the market bottom and then consolidated for the first time within a Triangle after they broke above the 1W MA50 (blue trend-line). After a rally, the 2nd consolidation took place (red arc), which then paved the way for a more aggressive rally. Based on this pattern, it would appear that Bitcoin could be at the start of such a rally.
The only charactestic that is not common on all three is that in 2023/24 and 2015/16 we had a Bullish Cross between the 1D MA50 and the 1W MA100 (green trend-line) after the Triangle consolidation, while during 2020/21 that took place much earlier due to the Libra euphoria.
In any case, all phases have a Higher Lows trend-line which was respected and held during the two past Cycles. On the current one, that gives a downside range at around 35k, which is practically the 1W MA50. Also notice how the 1W RSI negated any potential for a Bearish Divergence by crossing above Lower Highs. That is the same RSI pattern that emerged after each red Arc consolidation that led into the rallies.
As long as those hold, could it mean that Bitcoin has started a very aggressive wave that will break to new All Time Highs (ATH) in a matter of weeks, possibly by the time of the Halving?
Feel free to let us know in the comments section below!
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Arbitrage of cryptocurrencies using indicators
Many have heard about P2P cryptocurrency arbitrage using bank cards and exchangers. With this, there are a number of problems and risks associated with blocking accounts, freezing money indefinitely or blocking accounts on the exchanges, since in order to effectively engage in this type of arbitration a trader must have not only his personal cards, but also drop cards (relatives, friends, etc.), and in the case of If there are any problems it becomes extremely difficult to solve them, as well as to explain to banks the origin of so many transfers from different persons.
The interexchange arbitration of cryptocurrencies is devoid of all these disadvantages, when transactions are made only on exchanges, and coins are sent only between exchanges and no third-party services, exchangers, P2P platforms and banks participate in the process of such arbitration.
How do I find and track such arbitration situations?
– situations when the exchange rate for a certain asset on one exchange is lower than on another. This will be helped by a set of indicators that track exchange rate differences for the selected asset on different exchanges. Using these indicators a trader can track how the size of the spread (exchange rate difference) has changed over time, what were the extreme values of this spread and how often it occurs at all.
Currently, there are three versions of this indicator.
1️⃣
The first version – the lightest in terms of the load on the hardware – allows you to track arbitrage situations for one selected trading pair. It provides a chart of the spread itself, the definition of extreme spread values, as well as a counter for the number of arbitrage situations in three time intervals.
2️⃣
The second version of the indicator has the same functionality on board, but for three trading pairs. That is, using one indicator you can track the spread on three assets at the same time.
3️⃣
The third version is essentially an arbitrage dashboard showing and tracking 12 trading pairs at the same time.
As the authors of these indicators and arbitrage screeners, we use a combination of the 2nd and 3rd versions of the indicator in our work. If this is too heavy for your system you can use the 1st and 3rd, or some one. In the large dashboard version (3rd), we track 12 of the most interesting assets at a time, and in the version with the spread chart (1st or 2nd), we are already looking at a more detailed picture of those of them that are of the greatest interest for further work.
What else?
In all the presented indicators, you can configure:
✅ threshold values at which additional tinting of the spread chart will occur for a better visual representation of the nature of the movement.
✅ threshold values at which the spread value in its extreme values will be displayed on the chart. Since the charts are located in TradingView price zones other than the actual spread values, this option allows you to quickly understand the real historical spread values that were in the past.
✅ threshold values at which alerts from the indicator will be received through the built-in TradingView alerts function. All you need to do is set the threshold value in the indicator, and then add an alert from the indicator in the TradingView alert settings. It is important to understand that the threshold value for all trading pairs selected in the indicator is the same, so alerts will be sent as soon as the spread value exceeds the threshold value for any of them.
✅ time intervals of the counter for the number of arbitration situations. There are three of them. That is, when analyzing a particular trading pair you can see how many times the spread value exceeded the threshold. For example, in the last 5 minutes, an hour and a day. This will give an understanding of the prospects of tracking the selected trading pair in the future.
All that remains to be done is to buy the coin at the price indicated in the Buy row on the corresponding exchange and sell it at the price from the Sell row on the second exchange.
$HIGH looks good for upcoming days
`- GAMEFI -METAVERSE - NFT bit related capabilities
- Binance Launch Pool product
- Waiting for the gamefi and NFT trends in 2024`
**- Looking at the volume and chart, it appears that the stock will be collected about 6 months ago.
- Before that, there was a tree that broke out and now it's back in the collection area, so the entry to buy in the collection area is with the fish.**
> ***High risk, high return***
BITCOIN to 40k or 69k?Bitcoin (BTCUSD) has been trading within a long-term Channel Up pattern since the November 21 2022 market bottom. The price broke today above the psychological level of $50000 and is about to touch that very top (Higher Highs trend-line) of the Channel Up.
As the 1D RSI broke above its 4-month Lower Highs trend-line and is largely overbought near 80.00, this technically resembles the same break-out of June 23 2023. As a result, as long as the 1D candles close within the Channel Up, BTC could pull-back to a 'fair' value near $40000 and the 1D MA200 (orange trend-line) above the 0.382 Fibonacci retracement level. Time-wise it would be ideal to reach that level before April's Halving and start attracting long-term buying interest then.
If however a 1D or even better, a 1W candle closes above the Channel Up, we will turn again largely bullish on the medium-term break-out as we can see an price action resembling the short-term Channel Up that started on October 24 2023 that paved the way for the December 08 2023 High. That High was on a +79.77% rise from the September 11 2023 Low, the last technical Higher Low of the Channel Up. A new +79.77% run from the recent January 23 2024 Low would peak marginally above $69000, which in that case will be our Target.
Which scenario do you think is more likely to prevail now? 40k or 69k? Feel free to let us know in the comments section below!
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Cardano (ADA) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Cardano (ADA) coin with US Dollar pair.
Previously we caught almost 183% pump of ADA as below:
Now on a 4-hr time frame, ADA has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
IMXUSD This pull-back is the best buy entry.Immutable X (IMXUSD) has been rising non-stop since the January 23 Low and is now on a new 2 year High! However, the 1D RSI's Bearish Divergence, the entry on the Diagonal Resistance Zone since the June 2022 High, as well as the similarities with the previous Higher Highs formations, call for a short-term pull-back.
As long as that is contained above the 1D MA100 (green trend-line), we will buy it and target the All Time High Zone at 5.000.
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$LOOM looks clean… Breakout … Breakout
Trading trend line breakouts can be a profitable strategy if done correctly. Here's a general guide on how to trade trend line breakouts:
Identify a Trend : The first step is to identify a clear trend in the market. Trends can be upward (bullish), downward (bearish), or sideways (neutral). Draw your trend line connecting the lows in an uptrend or highs in a downtrend.
Confirm the Trend Line : Ensure that your trend line touches at least two significant points (lows or highs) to confirm its validity. The more times it touches, the stronger the trend line.
Wait for Breakout Confirmation : A breakout occurs when the price breaches the trend line. However, it's essential to wait for confirmation before entering a trade. You can confirm a breakout by seeing the price close convincingly above (in case of an uptrend) or below (in case of a downtrend) the trend line.
Consider Volume : Ideally, you want to see the breakout accompanied by increased volume, indicating strong market participation and confirming the validity of the move.
Set Entry and Stop-loss Levels : Once you confirm the breakout, set your entry point slightly above the trend line (in case of an uptrend) or below the trend line (in case of a downtrend). Additionally, set a stop-loss order to manage risk. You can place the stop-loss order just below (for long positions) or above (for short positions) the breakout point.
SuperRare (RARE) Completed A setup for upto 22.50% pumpHi dear friends , hope you are well and welcome to another new trade setup of SuperRare (RARE) with US Dollar pair.
Previously we caught almost 55% pump of RARE as below:
On a 2-hr time frame, RARE with BTC pair has formed a bullish Cypher move for the next bullish reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BTCUSD (D) Which option do you prefer?BINANCE:BTCUSD BTCUSD (D) Which option do you prefer?
Presently, Bitcoin (BTC) exhibits two potential price trajectories:
A continued descent towards the support zone around 38.xxx.
The formation of an inverted head and shoulders pattern in the price.
Which option do you prefer?