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Cryptocurrencysignals

BEST TIME TO BUY GROK?As i was taught, the best time to buy is when others are fearful and the masses have sold their losing positions and walked away with their tail between their legs Only then will you see a true reversal occur This move down looks manipulated to me and is likely a move to stop out over leveraged long traders and get rid of the jeets that do not like to hold on to losing positions understandably, that is how the human brain thinks and reacts based on trading psychology Seeing as Bitcoin and other tokens are in the green today i can see this making a break to the upside in spectacular fashion over the next few days/weeks/months Taking note of the time of the month too we are 1 day away from a monthly candle close so a wick seems very likely Selling pressure is decreasing, we have a bullish divergence on the RSI indicator and we have just tapped the 61.8% golden fibonacci ratio which more often than not gets lots of support from early buyers re buying the dip If this fibonacci fails to hold then i would be looking at GROK possibly heading to make a new low or a double bottom at its all time low on this chart All depends on the fundamentals too, we have to remember GROK is a meme coin with no roadmap and no team, their twitter account was suspended not long ago, and a while back ZachXBT exposed their twitter account for having launched a crypto scam previously They have an extremely toxic community which is very bad for a supposed COMMUNITY DRIVEN project too which is not ideal in this situation Make sure to keep up to date with everything you can and the liquidity pool is also handy to have on watch in case of sudden large removals Thanks for reading!
Long
by cryptopsycho1111
CFXUSD Fierce consolidation. Trade the break-out.Conflux (CFXUSD) has been consolidating around the 1D MA50 (blue trend-line) while holding the 1D MA200 (orange trend-line) as its Support. A simple break-out trading plan should be applied here. If the price closes a 1D candle below the 1D MA200, we will sell and target the top of Support Zone 1 at 0.1150. If it closes above Resistance Zone 1, we will buy and target the bottom of Resistance Zone 2 at 0.4000. ------------------------------------------------------------------------------- ** 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:CFXUSD
by TradingShot
2
QUANT (QNT) - A Deep Dive into Its Bullish Weekly Timeframe Hello, TradingView aficionados! Today, I'm taking a closer look at QUANT (QNT), specifically analyzing its performance on the weekly timeframe. There's a lot to unpack here in terms of technical indicators and bullish signals, so let's dive into the nitty-gritty. Weekly Timeframe Analysis: Support/Resistance (S/R) Dynamics: On the weekly chart, QUANT has been consistently testing and respecting key S/R levels. The recent bounce off a significant support level indicates strong buying interest at these price points, a bullish signal for potential upward movement. Trend Analysis: The application of trend lines and channels on the weekly timeframe reveals a potential reversal pattern. Look out for a breakout above the descending trend line which could signify a trend reversal from bearish to bullish. Bullish Indicators and Metrics: Volume Analysis: An uptick in trading volume accompanying price increases is a sign of strong buyer interest, adding credence to the bullish outlook. Fundamental Overlays: While the focus here is on technical analysis, it's always beneficial to overlay fundamental aspects. QUANT's unique proposition in blockchain interoperability and its enterprise-grade solutions provide a solid fundamental backdrop to the technical outlook. Trading Strategy: Entry Points: Identify entry points post a confirmed S/R flip or a breakout from the descending trend line. Exit Points: Setting up profit targets near historical resistance levels and using trailing stops can optimize exit points. Risk Management: Given the inherent volatility in crypto markets, it's crucial to manage risk by allocating only a portion of your portfolio to such trades and setting up strict stop-loss orders. Conclusion: QUANT's weekly timeframe analysis paints a bullish picture, backed by several technical indicators. However, always remember, no analysis is foolproof. Diversify your risks and keep abreast of broader market movements. Eager to hear your analysis and viewpoints on QUANT’s current market position. Let's engage in a fruitful discussion! Happy Trading!
Long
by SwingSamurai_QMA
IOTA/USDT - Poised for a Turnaround Post Liquidity Sweep and S/RToday, I'd like to delve into the intriguing dynamics of IOTA/USDT, particularly highlighting its current positioning on the higher time frames, complemented by a detailed look at the daily trade setup. We're observing some compelling signals that suggest a potential upside in the near term. Technical Analysis: Higher Time Frame Outlook: The higher time frame for IOTA/USDT has been showing strength and stability, laying a solid foundation for potential bullish movements. Liquidity Sweep Completed: Recently, IOTA has undergone a liquidity sweep, which is often a precursor to a significant directional move. This sweep can signal the exhaustion of selling pressure, setting the stage for a bullish reversal. Support/Resistance Flip: A key development to note is the S/R flipping. IOTA has turned what was once resistance into support, a classic bullish signal that often precedes upward price movement. Daily Trade Perspective: Entry Points: Look for confirmation of support holding on the daily time frame, which could serve as a robust entry point. Targeting Profits: Set your profit targets based on key resistance levels overhead, which could act as potential take-profit zones. Risk Management: Given the volatility of the crypto market, it's crucial to employ prudent risk management strategies. Ensure to set appropriate stop-loss orders to protect your capital. Why IOTA is Worth Watching: IOTA's unique technology, particularly its Tangle ledger, offers significant advantages over traditional blockchain in terms of scalability and transaction fees, making it a noteworthy project in the crypto space. Continuous development and potential adoption scenarios in IoT (Internet of Things) make IOTA a fundamentally strong project with promising future prospects. Conclusion: The combination of a positive higher time frame outlook, a completed liquidity sweep, and a successful S/R flip creates a potentially lucrative scenario for IOTA/USDT. As with any trade, keep an eye on the broader market sentiment and news that might impact the crypto market. I'm eager to hear your views and approaches to this setup. Let's discuss more in the comments section below! Happy Trading!
Long
by SwingSamurai_QMA
BITCOIN Every monthly pull-back is a BUY opportunity from now onOn this 1W analysis we see Bitcoin's (BTCUSD) amazing symmetry through its historic Cycles. A symmetry which upto this date, is holding and we will explain why right away. Before we begin, note that the current study can be used in combination with our legendary Golden 51%-49% Ratio publications shown below: ** Three Cycle Phases ** Now as to the cyclical symmetry. The chart classifies each grand Cycle into three phases: a) The Bear Phase (red), which starts at the top of the previous Cycle and ends on its bottom. The price breaks below the 1W MA50 during that phase. b) The Accumulation Phase (blue), which continues where Bear left off and is when investors buy for the long-term following the market bottom. The price breaks above the 1W MA50 during that phase. c) The Bull Phase (green), which starts after the Halving event (orange vertical line) and ends on the new Cycle top. The price never closes a 1W candle below the 1W MA50 during that phase. ** The Symmetry ** As you can realize just on first glance, the Phases along the Cycles are on an amazing symmetry. The Bear Phases has so far been 59 weeks (413 days), 52 weeks (364 days) and the most recent 58 weeks (406 days) respectively. The Accumulation Phases have been 77 weeks (539 days) and 73 weeks (511 days) respectively. The Bull Phases have been 75 weeks (525 days) and 79 weeks (553 days) respectively. The current Accumulation Phase will be 71 weeks (497 days) by the time of the Halving, which is remarkably along the lines of the previous 2. As for the new Bull Phase after the Halving, we could assume a minimum duration of 75 weeks (525 days) as in 2016 - 2017. ** Fibonacci role on the Halving date ** The key at the moment as we approach the upcoming Halving in April, are the Fibonacci retracement levels. During the previous two Halvings, BTC had already reached the 0.786 Fib once and at the time of the Halving was around the 0.618 Fib, which is basically the current price levels within 39000-40000. The 1W MA50 is about to touch the 0.5 Fib level which is around 33000 and technically, based on this model, is as low as the correction can extend to. Technically we should be expecting price levels around 40k as we enter April, which of course doesn't dismiss the possibility of another run to 50k earlier. In conclusion, assuming the 1W MA50 is the new long-term Support from now on, every monthly correction, should technically be a buy opportunity as we head into the Bull Phase. But what do you think about this Cycle mapping? Do you expect history to continue to repeat itself? 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:BTCUSD
by TradingShot
18
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. ------------------------------------------------------------------------------- ** 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:RONUSDShort
by TradingShot
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! ------------------------------------------------------------------------------- ** 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:BTCUSD
by TradingShot
5