RONUSD Pull-back expected.Ronin (RONUSD) hit the top (Higher Highs trend-line) of the 1-year Channel Up. This is the 2nd Bullish Leg of the pattern and is technically expected to peak at +635%, same as the April 10 2023 Higher High. We expect at least a -47.27% decline towards the 1D MA100 (red trend-line), targeting 1.5000.
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Cryptocurrencysignals
BITCOIN 1W MACD Bearish Cross formed. Is it alarming?Bitcoin (BTCUSD) is on the 3rd straight bearish week (1W) following the 49000 High, which technically was a Higher High on the 1-year Channel Up. This is the 2nd Higher High structure within this pattern (first was on April 10 2023) and technically we are currently on the new Bearish Leg that seeks the formation of a new Higher Low at the bottom of the Channel Up.
** 1W MACD Bearish Cross **
This week's big development though is the completion of a Bearish Cross on the 1W MACD, the first one since July 24 2023 and before that May 29 2023. Both of those came after the peak formations but delivered at least another 3 weeks of downtrend.
** The 3-year Cyclical Demand/ Supply Zone **
Interestingly enough those peaks were priced on the 3-year Cyclical Demand/ Supply Zone, which we have analyzed extensively in previous publications (has been Support during the Bull Cycle and Resistance during the Bear Cycle). This time BTC is above that Zone and the current Bearish Leg has high probabilities of testing it as a Support (Demand) for the first time since May 2022.
** Where to buy? **
The medium-term supporting trend-line is the 1D MA200 (red trend-line), which is already near the middle of that Zone and long-term the 1W MA50 (blue trend-line), which is about to enter it. What long-term investors and Dollar-Cost-Average traders should be looking for is buy positions on those key levels. If the Cyclical Zone holds (i.e. keeps closing 1W candles above it), then it will be confirmed as a Supply level for the remainder of the Bull Cycle and most likely will propel the price to the new Parabolic Rally Phase after April's Halving.
** Next Target? **
Every Bullish Leg within the 1-year Channel Up has been around +100%, so as long as the pattern holds, we should be technically expecting a rebound of similar magnitude. Assuming the bottom (Higher Low) is priced as low as possible (on the 1W MA50), a new +100% rise will provide a Higher High around 65000, just below Resistance 2 (69150), which is essentially the All Time High (ATH). Historic patterns have shown that a buy just before the 1W MACD forms a Bullish Cross, is perhaps the most optimal entry in preparation for this rally.
But what do you think? Is Bitcoin about to test the Supply Zone and perhaps the 1D MA200 and 1W MA50? Are you waiting for a long-term buy there? Feel free to let us know in the comments section below!
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$AUDIO looks ready For breakout $AUDIO looks ready For breakout
Key Takeaways. A breakout is when the price moves above a resistance level or moves below a support level. Breakouts can be subjective since not all traders will recognize or use the same support and resistance levels.
HEXUSD Bottom is in! Excellent x10 profit opportunity.HEXUSD has had the strongest 1W green candle last week since the week of October 16 2023. It closed a week above the 0.236 Fibonacci level for the first time since July 10 but the biggest bullish development is that the 1W MACD histogram broke above its Descending Lower Highs trend-line, which is a major divergence from the early 2023, indicating that the market bottom has most likely been priced last October.
As a result, we are now looking at HEX's upside again with the first natural Resistance level being the 0.382 Fib, which is where the 1W MA50 (blue trend-line) is headed to. That is our short-term Target. On the long-term we are aiming at the 0.133750 Resistance which from the current level it is more than x10 returns. However we are willing to commit to that only if the 1W MA100 breaks (and closes a candle above), which is where the massive March 20 2023 rejection started or after a pull-back to the 0.236 Fib again.
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BITCOIN MACD bottom pattern shows when to Buy and when to Sell !Over the years we have discovered many historic patterns applicable to Bitcoin's (BTCUSD) Cycles. With a relative degree of volatility every time, since each Cycle has it's own distinct characteristics and fundamental events that shape it, those patterns can help traders/ investors construct strategies for buying and selling on a long-term scale.
This time we have come across a very unique pattern on the 1M time-frame, which can identify where to Buy and where to Sell, near the Tops and Bottoms respectively, on a Cyclical scale.
Starting from the November 2011 bottom onwards, each Cycle is measured at either 3.58 or 3.83 years to the point where the 1M MACD bottoms. The last MACD bottom and start of reversal was on February 2023, while BTC was trading around 23k on average. Still not as appealing as the November 2022 16000 but low enough to provide an excellent (and confirmed) long-term dip buy entry compared to the previous $69000 All Time High.
At the moment the price is on the 0.236 Fibonacci level of the current Cycle and as you can see on the chart, this is the level where BTC makes a 1-2 month pull-back. The Tops are priced either on the 0.5 or 0.618 Fibonacci levels. This means that long-term investors could take their profits either on January 2025 or July 2025, if the current Cycle lasts again 3.58 years. And as for the next bottom based on the model, it is expected on December 2026, where we can take a (relatively) confirmed buy position again for the long-term.
But what do you think about that MACD bottom model? Are you also expecting a new Cycle Top within January - July 2025? Feel free to let us know in the comments section below!
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Very interesting Elliott Wave structure...Luna 2.0 or Terra 2.0 is the new token that emerged from the hard fork of the Terra blockchain network. LUNA2 aimed to rescue the Terra Luna ecosystem following the collapse of the UST stablecoin in May 2022. Most of Terra's dApps and features migrated to the new chain.
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Beautiful Elliott Wave structure playing out...Beautiful Elliott Wave structure playing out... EOS.IO is a blockchain protocol based on the cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. It was developed by the private company Block.one and launched in 2017. The platform was later released as open-source software. #mana
Celestia (TIA) completed a setup for the next pumpHey dear members, hope you are well, and welcome to the new trade setup of Celestia (TIA).
Recently we caught almost 76% pump of TIA as below:
Now on a 4-hr time frame, has formed bullish AB=CD move for the 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.
Lido DAO (LDO) completing a setup for upto 38.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Lido DAO (LDO) with US Dollar pair.
Previously we caught almost 44% pump of LDO as below:
Now on a daily time frame, LDO is about to complete a bullish Gartley move for the 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.
RNDRUSD Expecting a technical pull-back.Render Token (RNDRUSD) gave us the bullish break-out we were looking for to buy on our last analysis (August 24 2023, see chart below) as the 1W MA50 comfortably held and provided the rebound that hit our Target:
The price had a strong rejection on the Diverging Higher Highs trend-line of the 1-year Channel Up since and is currently on the 1D MA50 (blue trend-line). The 1D RSI is replicating the June 2023 sequence so it is quite probable to get one last pull-back towards the 1D MA200 (orange trend-line) - 1W MA50 (red trend-line) Support Zone before a new rally. Target between 3.000 - 2.800.
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BITCOIN Will it respect the 3-year Pivot Zone?Bitcoin (BTCUSD) had a strong rejection last week shortly after breaking Resistance 1 (48400), which was the high of the March 28 2022 1W candle. That is technically strong enough to initiate a medium-term pull-back on its own. The correction bias get even stronger though if we consider the 3-year Pivot Zone which has been relevant since January 11 2021, initially as a Support (held numerous times, see green circles) and later as a Resistance (red circles).
A potential test of even the top of the Zone would bring the BTC as close as possible to the 1W MA50 (blue trend-line), which would be a healthy medium-term correction before the next parabolic rally starts. The next Resistance is the 68900 All Time High (ATH) and obviously our next long-term Target.
But what do you think? Will Bitcoin give us this pull-back buy opportunity? Feel free to let us know in the comments section below!
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VeThor Token (VTHO) setting up for upto 28% pumpHi dear friends, hope you are well and welcome to the new update on VeThor Token (VTHO) with US Dollar pair.
Recently we more than 30% pump of VTHO as below:
Now on a daily time frame, VTHO is about to complete the final leg of a bullish Gartley move for the 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.
Prosper (PROS) about to complete a setup for upto 32.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Prosper (PROS) with US Dollar pair.
Recently we more than 115% pump of PROS as below:
Now on a 2-hr time frame, PROS has almost formed a bullish BAT move for the 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.
"Emerging Trends: What the Future Holds for RVNUSDT Traders!"RVNUSD symbol analysis of cryptocurrency market in long term time frame Currently, the market is in a downward trend and it can continue to decline as long as it maintains the downward trend line. Move towards the previous ceiling to the range of 1.00000
The most important number is 0.02500, which will be the support range if the upward trend line is broken
BITCOIN The path to All Time Highs is scripted.It has been 14 months (November 14 2022) since we published our first (and to this date most important) Bitcoin (BTCUSD) Cycle comparison between 2022/ 2023 and 2014/ 2015:
www.tradingview.com
As you can see the main driver behind this comparison was the FTX crash in November 2022 and the Bitfinex crash in August 2015, which both acted as catalysts for the bottom. Following the FTX crash/ bottom, the price action has so far followed quite closely the 2015/ 2016 recovery.
On today's analysis, also on the 1W time-frame, we focus on the Rising Wedge that funneled the price action from the Cycle bottom to the bullish recovery. The similarities between the two Cycles are remarkable:
1. Bounce on the Lower Highs and 1W MA50 (blue trend-line) break-out, which basically confirmed the transition into the Bull Cycle.
2. Immediate Channel Down after the 1W MA50 break-out on the Rising Wedge's first Higher High.
3. 1W MA50 supporting since the break-out.
Right now we are in the stage where the price has broken above the Rising Wedge. In June 2016 this caused a short-term correction back inside the Wedge towards the 1W MA50, which as mentioned held. If BTC continues to replicate that Cycle, does it mean that such a technical correction is due? The 1W MA50 is currently above 30000 and rising aggressively.
But what do you think? Are you expecting a 1 - 1.5 month pull-back from here and then a new All Time High after April's Halving? Feel free to let us know in the comments section below!
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ETCUSD Still on huge upside potential despite the current rally.Ethereum Classis (ETCUSD) is having an incredible +65% rally these past 4 days that has emphatically broken above the Bear Cycle's Lower Highs trend-line for good. Despite this remarkable rise, the price is still vastly undervalued below even the 0.382 Fibonacci retracement level from the All Time High (ATH), thus it has a huge upside potential.
The next critical Resistance level is 46.3500 and that is our long Target as it is where both the 0.5 Fibonacci level and Resistance 1 are.
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BITCOIN ETF APPROVED!! Aggressive rally to $120k possible?Exactly a year ago (January 18 2023) we posted our last Fibonacci MAs study and called for a calculated rally while the rice was still at 20k:
It is now time to expand on our original idea and update it using the Mayer Multiple Bands. Basically, as you can see on the chart below, the Mayer MA helped us on June 17 2022 identify the Bottom Phase on the 1W MA300:
On the current analysis the 1W MA300 is portrayed by the blue trend-line but our focus has shifted to the black trend-line (Mayer Multiple Mean), which just broke emphatically this week. As you can see, when BTC has broken above this level since November 2015 (green circles), it starts aggressive rallies (lowest of those 3 has been the April - June 2019 of +180%).
The dashed curve represents the Bull Cycle Rally phases and if the +180% mininum black trend-line rise is repeated, expect at least $120000 as the current Cycle High. It might be less aggressive than the previous ones (Theory of Diminishing Returns and Cycle lengthening) but it should hit at least the orange trend-line (2nd upper SD) as it has always done in the past.
But what do you think? Are we going to see such a strong rally now that the Mayer Multiple Mean has been broken? Feel free to let us know in the comments section below!
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ETHEREUM One more pull-back before $3000.Ethereum (ETHUSD) almost hit our 2450 Target on the last buy call we made (November 17 2023, see chart below) before it started to consolidate at the top of the 1.5 year Channel Up:
However it did turn out that the consolidation Megaphone, similar to January's, was the one that started on December 09 2023 and not before, as on our previous analysis. For that reason we adjusted the Channel Up, this time on the logarithmic scale, and it fits perfectly the current consolidation after the initial October Bullish Leg.
The 1D MA50 (blue trend-line) provided the first line of Support and if the January - February 2023 repeat continues, we should be expecting one final pull-back towards the 1D MA100 (green trend-line), which is where the March 10 2023 was made (also on the 1D MA200 (orange trend-line)). On top of that, the 1D RSI provides an excellent buy signal, as the 30.00 - 32.00 Zone has given 4 excellent buy opportunities in tha last 14 months.
The target is $3000, which is on the 1.5 Fibonacci extension level and almost represents a +100% rise from the October 12 2023 bottom. Those where the exact ranges of the April 16 2023 Higher High of the Channel Up.
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BTC/USD Local Work - 44,700 until January 17. Triangle 17% Time frame 1 day. Until January 15 (the key date mentioned earlier) there will again be pumping of info space and opinion on the acceptance / non-acceptance of the spot ETF by the US Securities Commission (SEC). Hence, the next round of "hunger games" will be opened after the New Year on January 5-6.
Line chart.
On bitcoin, under the resistance zone of 44,700 (key and symbolic) an ascending (bullish) triangle is forming at the moment. It is worth noting that above this resistance accumulates a huge liquidity from stop-loss shorts, which can serve as "fuel" for the impulse (breakout of it). This triangle is forming near the resistance of the large ascending channel (percentages shown). Local percentages taking into account this formation and key support/resistance levels are shown.
The ascending channel and this local trading situation in it. (part)
BTC/USD Local trend 11/19/2023
Altcoins and the $44,700 breakout .
If this liquidity is removed and the 17% triangle works its way up (even with a false breakout to channel resistance) - ALTCOINS EXPLODE in the moment and "overtake the market". Especially the low and medium liquid ones (which are swinging even now, when bitcoin is in the zone of doubt and uncertainty).
Liquid, large capitalization, HYIP (crowd is planted) — of course not now (i.e. price rise or fall only according to the market trend no more and no less).
Triangle break down through a false breakdown or without it. .
The first stop zone 38 -36 thousand to the bullish meridian (will be relevant later), which is the middle of the ascending channel.
Not now (but worth reminding). Money and risk management. .
Maximum reduction at the moment of capitulation for long liquidation, as well as by the way shorting of futures and margin positions when reversing by a large % (“needle takeout”), before the transition to the participation phase (price movement of 2024 targets to 2025 distribution zones) and a significant correction in the trend (does not break it) is a dynamic support of this huge ascending channel, which is the zone 28-26 and even 24 depending on the time of realization (the channel is ascending). When trading, earning, remember about this logical probability and set aside at least 30% of the profit in stablecoins. This happens when it is not expected (efficiency).
Futures and the penalty for greed.
Be careful with futures, so that the growth of the numbers drawn by the exchange on the screen of the futures account does not put your vigilance to sleep. Observe risk management. Always withdraw part of your profits to margin with reduced risk or to spot. When cashing out, don't be greedy. Otherwise, you simply burn time (money from you at zero will be taken away in the moment).
In cross and isolated margin, always keep the risk low . In moments of “market panic” this indicator will change to high. Medium risk to liquidation). Have stablecoins to refill collateral at the “peak” of fear.
Another option is knocked out stops (of all positions or part of them) as a body of collateral. Remember that in sharp movements, stops may fail or partially fail due to price slippage (make a large stock pitch, especially on low liquid cryptocurrencies).
It is worth noting that hedging by opening a short position may not work due to the speed of market movement at such times. This is done by a “manipulator” at a time when few people expect it, i.e. on the positive side. If you have time to open a hedge — great. If not — all of the above.
Bitcoin has reached the ceiling of the ascending channel.In the recent Bitcoin correction, support was found above the daily Kumo cloud and it again reached the ceiling of the ascending channel and tested it.
Traders who bought at the base of the triangle sold at the top of the triangle.
As long as the channel ceiling and the upper side of the triangle do not break out, new daily buyers will not be persuaded to buy, and as long as the lower side of the triangle does not break out, there will not be much selling pressure.
BITCOIN Formed the first 1W Golden Cross in history!Bitcoin (BTCUSD) completed with last week's candle a Golden Cross on the 1W time-frame, its first ever in history! That alone is a monumental development, as the Golden Cross pattern is a powerful technical formation, especially on stable long-term time-frames such as the 1W.
Apart from the technicalities, this pattern becomes even more important considering the fact that it was formed only three days before the all important decision of the U.S. Securities and Exchange Commission regarding the approval of a Bitcoin ETF.
On the current analysis we decide it would be productive to maintain a long-term perspective on BTC and interpret the Golden Cross and the potential ETF approval on a macro Cyclical scale. As you can see, we are on that certain level during each Cycle when the Parabolic Rally is about to take off. Principally, there is nothing that can hold BTC back, especially after Halving 4 this April and every pull-back on the dotted trend-line is technically a long-term buy entry.
But what do you think? Is this first ever 1W Golden Cross along with a potential ETF approval really what Bitcoin needs to take off and approach the All Time High? Feel free to let us know in the comments section below!
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