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BTC/USD bowl. Breakthrough 64-72. Cyclicality. Nasdaq - BTC.Logarithm. Completion time 1 week. Instead of updating an old idea regarding the Nasdaq Index and BTS on pump cup formation published on 06/17/2023, I decided to implement the idea on a live chart. Comparative analysis. Fractal. Lag. Bitcoin and Nasdaq 17 06 2023 I have applied the cup percentages as well as the cup with handle if formation occurs (high probability). Although the cycle high targets and timing are the same as what I showed in 2022 during the Bitcoin accumulation phase. So, for clarity with the last cycle and its highs in 2021. BTC/USD Secondary trend cycles and halvings . 1 07 2022 BTC/USD Halving 518 When will be the cycle price low and high. 02.09.2023 BTC/USD Main trend (3 years) Channels Triangle 09 2023 At the moment, the price is above the “demons of Solomon” zone, that is 72,000. Zone 64-72 – resistance of the large bowl (last cycle highs 64-69). Let's follow the fractal similarity of 2015-2017. There is a high probability that a rollback will occur slightly higher, and a long-term bullish formation will be formed (trend direction, large time frame) — “Bowl with handle”. Or straight to the psychological level of 100?). Pay attention to interest rates and price levels in the past and now. 1️⃣ Let me remind you that in April the halving is closer to the 20th. Most likely this will happen on the day "18" . Do you think that bitCocaine will cost 84,018 closer to this time?) What will happen to this zone? 2️⃣ Psychological PR level - the zone for Bitcoin is $100,013. 3️⃣ Everything else probably looks unreal for most market participants, but what is shown now is real, just as it was a very long time ago. Adhere to these simple rules: 1) Understand and exploit the cyclical nature of the market. 2) Buy low, sell high. And not vice versa like most). 3) Take profits in parts on the hype (now) in a growing trend or protect with a stop loss. 4) Have an understanding of the relationship between the liquidity (capitalization, roughly speaking) of a trading instrument and its volatility and potential. 5) If you trade locally. The crowd is shouting: “cryptocurrency is a scam” - buy it. “Crypto hype” - sell it. 6) Do not be interested in the news and the opinion of the majority, this is all “taken into account in the price movement schedule.” 7) Always have at least 20-30% of stablecoins in reserve. If, for example, in a developing trend there is a correction to quickly remove longs (futures, margin with large shoulders, in spot - stop loss) by a significant%, and some of your stops do not work due to price slippage, then a “cash airbag” will calm and warm you in such an unpleasant moment).
CME:BTC1!Long
by SpartaBTC
6
BTC/USD Triangle. Medium-term and local work 07 06 2024Logarithm. The time interval is 3 days. This idea is a continuation of the previous one, published more than half a year ago Local trend BTC/USD 19 11 2023 An ascending triangle (conditionally bullish) is forming. The percentages of its realization and key support/resistance levels are shown. Similarly, key reversal levels are highlighted in yellow and indicated with arrows. The Gann fan is also constructed to understand the dynamic support/resistance areas of the trend as the price movement develops in the future. Remember, this is a phase of Dow Theory — participation, i.e. majority participation. I suggest paying attention to altcoins that are not caught up in the news backdrop. Line chart. Secondary trend . BTC/USD bowl. Breakthrough 64-72. Cyclicality. Nasdaq - BTC. Major trend . BTC/USD Halving 518 When will be the cycle price low and high.
Long
by SpartaBTC
10
Phemex Analysis 18: RARE's Next Move - Bullish or Bearish?PHEMEX:RAREUSDT.P recently experienced a meteoric rise, surging 300% in just three days. However, market sentiment quickly turned bearish, leading to a 54% price decline from its all-time high (ATH). Given this volatility, many traders are wondering what to expect next. Will RARE's price continue to drop, or could a reversal be imminent? Is now a good time to buy low, or should we consider shorting? To answer these questions, let's explore key support and resistance levels for RARE, and a few potential scenarios: Support and Resistance Levels Strong Support: $0.095, the level that marked the beginning of the recent parabolic rally. A break below this level could signal a more significant downtrend. Intermediate Support: $0.135. A retest of this level could provide a buying opportunity, but a break below it would weaken the bullish case. Resistance Levels: $0.172 and $0.19. These levels represent potential barriers to a sustained uptrend. A break above these levels would be bullish. Potential Scenarios Continued Decline: If RARE's price continues to fall, support levels at $0.135 and $0.095 may be crucial. The $0.095 level is particularly significant as it marked the beginning of the 300% rally. While buying the dip at these support levels might offer opportunities, it's essential to manage risk by avoiding over-allocation. Quick Rebound: Although less likely, a rapid price increase cannot be ruled out. If RARE's price surges, resistance levels at $0.172 and $0.19 could act as barriers. Short-term traders might consider going long during such a rally, aiming to profit from the subsequent pullback. Consolidation: Before another significant rally, RARE may need a period of consolidation to accumulate buying power. This could occur after a pullback to resistance levels or a decline to support levels. Patience is key in this scenario; wait for price action to confirm either scenario 1 or 2 before gradually accumulating positions. By carefully considering these factors and potential scenarios, you can make more informed decisions about your RARE investment. Note: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like Multiple Watchlists, Basket orders, and Real-time Adjustments to Strategy orders. Our USDT-based Scaled ordersgive you precise control over your risk, while Iceberg orders provide stealthy execution. Join Phemex today and unlock your trading potential. 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
Could the Bitcoin reverse from here?The price is falling towards the pivot which is an overlap support and could bounce to the pullback resistance. Pivot: 56,992.44 1st Support: 54,704.04 1st Resistance: 59,966.65 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets
LRC/USDT Main Trend 08/17/2024Main trend (the most visible part). Logarithm. Time frame 1 week. Loopring is an open protocol for building decentralized exchanges. The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity. The chart also shows the dynamic support/resistance zones of the Gann fan (bullish and bearish). It is worth noting that the price is at a significant profit of crypto funds 4-26X, but most of the volume has already been redistributed. Linear for clarity of the trend. Secondary trend
Long
by SpartaBTC
2
Potential bullish bounce?Bitcoin (BTC/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance level which has been identified as a pullback resistance. Pivot: 56,833.90 1st Support: 56,677.44 1st Resistance: 61,685.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets
1
Bearish drop?Bitcoin (BTC/USD) has reacted off the pivot and could fall to the 1st support level which is a pullback support. Pivot: 56,868.43 1st Support: 51,276.67 1st Resistance: 59,440.64 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
zkSync Fresh L2 coin for ETH. 458 million $ investment by fundsLogarithm. Time frame 1 day. Since the coin is fresh (people sell freebies), and it was recently listed, if the market will be dominated by a downtrend until October, a downtrend channel will be formed in case of a break of the key support. _____________________________________ Most importantly: 1️⃣ There was aerdrop manipulation , the community got a very small % of the promised coins, which is in the hands of developers and crypto funds (after shaking out now, there will be full control over the price). 2️⃣ It is worth noting that crypto funds “invested” (with speculative interest) 458 million dollars in the asset. Which is an absolute record. The first and second are extremely positive for the maximum prices of the asset in the cycle in the future. Consequently, the asset is interesting for investment and position trading, and it does not matter what will happen now locally for a couple of months. Work from the average buy/sell price. ____________________________________ The chart shows the key resistance levels for the first significant pumping after the trend break, as well as the maximum distribution zone targets of this cycle. The price potential will be “unlocked” similarly naturally not now, but when the solution will be implemented, there will be media PR, smart money will partially “exit” from the asset. The potential is naturally great, it is shown, who is attentive. Let me remind you, L2 is a solution for scaling the ETH network. When this is implemented and PR'd and ETH is in its first distribution zone, then pump in similar small capitalization assets. __________________________________ Work from the average price of purchases , so in the future sales and no minimums and maximums (even if you are sure that you know and understand how “exactly” it will be, I note that most people who do everything by reverse think so), as this is the fate of true hamsters. At the same time, you need to understand the zones where it is cheap and where it is expensive, and what the general trend in the market is developing. ⏰ Profit from the local game (not necessarily to work this way) is not big (you “spin the volume” part of the allocated money to a certain zone of the asset - work). But, such local work gives you to overcome fear, because you always have money to increase coins. ⚠️ Do not abuse stop loss , where it is not necessary, because everything will be taken away on the “flat place”. ⚠️ Prefer spot trading , which forgives elementary mistakes, if you are not a very good trader. With margin and futures, your risk must be justified. If you are a ludomaniac (most sick people won't admit it, maybe you are one/one of them) then leave this high risk trading. 🐹 Psychology . If, you feel that you, like everyone else, will do, when not necessary under psychological pressure and news some not logical bullshit, it is better not to trade at all, and invest. “Hold” coins for a couple months, dividing the amount of the entry into 2-3 parts. When the market is distributed, you will sell with a big profit. Maximum targets (not necessarily, as depends on a lot of factors), is the zone 0,6 - 1 dollar.
by SpartaBTC
4
Could Bitcoin reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support. Pivot: 67,019.71 1st Support: 63,519.90 1st Resistance: 69,419.07 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets