AVAX Trending confirmation zoneAVAX is looking for confirmation.
If Avax can confirm, we could see new high targets
It's important to see if AVAX is able to gain up $30
Cryptolevels
BTCUSDPair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
RSI - Divergence
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 38.20%
Spot Bitcoin ETFs Rebound Ahead of Spot Ether ETF Launch
Crypto prices declined up to 7.5% to kick off week: The dip came as investors registered $150 million in liquidations, and the German government began unloading bitcoin it seized from a piracy site in 2013.
Defunct bitcoin exchange Mt. Gox will start distributing repayments in bitcoin and bitcoin cash in July: The upcoming move marks significant progress in compensating creditors following its 2014 collapse.
Tether ceased USDT minting on EOS and Algorand but will continue redemptions for the next 12 months: The company said it was reallocating resources to enhance security and efficiency on other blockchains.
US spot bitcoin ETFs received FWB:31M in net inflows Tuesday after seven straight days of outflows: Meanwhile, the launch of spot ethereum ETFs could come as soon as next week, with one analyst expecting up to $15 billion in inflows over the next 18 months.
A MakerDAO governance delegate fell victim to a phishing scam, losing $11M in tokens: The scam was the latest example of phishing in the crypto sector.
Major Coins Plunge at Start of Week Amid Large Liquidations and Market Movements
Cryptocurrency markets faced a sharp downturn on Monday, with major tokens experiencing declines up to 7.5%. The price of bitcoin dropped below $60,000, after investors liquidated over $150 million over the weekend.
Bitcoin dropped 3%, while ethereum, Cardano’s ADA, and BNB Chain’s BNG experienced comparable tumbles. Solana also took a big hit, plunging 7%. As a result of the declines, long positions, which bet on bitcoin to go higher, registered $150 million in liquidations. Spot bitcoin ETFs also saw outflows of nearly $175 million Monday as investors digested the news of bitcoin’s price dip.
The latest pullback in crypto prices comes as bitcoin miners face continuous selling pressure after their rewards were cut by 50% in the latest halving event. Additionally, the German government last week began selling bitcoin it seized from a piracy site 11 years ago, with plans to unload tens of millions of bitcoin (about 50,000 bitcoin) to various exchanges. The strength of the dollar index has also reportedly put pressure on the price of bitcoin.
Topic of the Week: What Are Decentralized Apps?
🫱 Read more here
TRBUSDT - near his resistance, what's next??#TRBUSDT.. well market very smooth hold his downside area that was discussed in my previous idea about TRBUSDT.
And now upside we have 105.80 around
Keep close it because if market break it then it can go further upside.
Good luck
Trade wisely
BTC Familiar Fear before the Run. Where are we within Power Law.As we can see BTC is experiencing its usual pullback. Today starts the short term capitulation.
Using Power Law model we can expect the bottom to occur between Now to early Nov '24.
We all expect the peak to come around third quarter 2025.
Here are price targets based on a weak, medium, and strong Bull run.
Weak = about 124k
Medium = about 202k
Strong = Ranged between 320k to 400k
This is not a moon shot theory this is based purely on if BTC continues to follow its correlation to Power Law that has seems to be the case for the last decade.
Plan accordingly.
Be patient.
I've linked to a weighted DCA strategy I use personally when building positions long term.
BTCUSDT - one n only area, what's next??#BTCUSDT. what a move from 66400 as we discussed in our last idea and congratulations to all followers.
We already discussed about 64450 in our last couple of ideas, you can check our last ideas about btcusdt.
So guys that level have much importance on chart specially in weekly and daily chart if you can see.
So keep close that level 64450
If market clear that level then you can see a smoothly drop a d it will leads you towards 62k , 60k n up to 58k
Don't be lazy here.
Good luck
Trade wisely
TOTAL Dangrouswhole Market bleeds
We confirmed the local distribution Now looking for a decline back to 2.125TrI support level
$BADGER in Demand zone
Sure, here are the key points for demand zone trading in crypto:
1. **Identifying Demand Zones**
- Look for price areas on the chart where the asset has historically seen strong buying interest, causing multiple price bounces or reversals.
- Confirm these zones with high trading volumes and supportive candlestick patterns like bullish engulfing or hammer patterns.
2. **Trading Strategy**
- Enter long positions when the price approaches a demand zone and shows signs of a reversal.
- Place stop-loss orders below the demand zone to mitigate risk and set take-profit levels at previous resistance points or based on favorable risk-reward ratios.
3. **Combining with Indicators and Risk Management**
- Use additional indicators like moving averages, RSI, or MACD to confirm trends and potential reversal points.
- Practice sound risk management by using appropriate position sizing, diversifying your investments, and continuously monitoring and adjusting your strategy based on market conditions.
Bitcoin and Global LiquidityWhenever global liquidity increases, this liquidity increase fuels Bitcoin and supports Bitcoin's rise. This pattern has been continuing in the form of a sine wave since 2009. Global liquidity falls at certain times and rises at certain times. Since 2011, global liquidity has been rising in a low-speed trend, exceeding the previous peak each time it rose. Global liquidity, which last peaked in 2022, returned to a slow increase at the beginning of 2023. I think there is currently at least a 100% gap for this rise to be completed. I think Bitcoin will also rise as this gap is filled. I think it is essential for at least a long-term cryptocurrency investor to follow global liquidity closely. While this global liquidity is not meaningful to explain the SP500 or Nasdaq indexes, it appears to be in full correlation with Bitcoin.
Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!
Pendle - scalp setupGoing to try this short here on Pendle, Pendle looks good but the daily supply should hold on the lower time frame and therefore shorting this here with support from the bearish RSI divergence. Used small size here.
Bitcoin & Ethereum - Morning Update
Bitcoin and Ethereum Morning Update
Good morning, we are back close to the MarchVWAP on ETH 🚨
Still needs to be flipped for the trend to reverse on the higher time frame, if we get this reclaim we are looking for scalps on some assets but thats for later. This setup on ETH with the multiple retests on the cluster reminds me of another setup on ETH just close before we saw the big increase before the ETF happening. On BTC things are looking good as we held the most important level for now the MarchVAL. But on BTC the MarchVWAP is getting problematic too. We are still thinking that ETH is going to outperforme BTC in the next months in either direction. The 4H close on BTC above the MayVWAP is important and not just a fakeout, if we get a reversal in the next 30min we could be in light troubles but as long the MarchVAL holds everything is fine.
We are looking for possible setbacks before breaching the next key levels on Bitcoin and Ethereum.
Unveiling the Falling Wedge: XRP Short-Term Boon Unveiling the Falling Wedge: A Short-Term Boon on the 4-Hour Chart
In the fast-paced world of day trading, identifying short-term opportunities is crucial. The falling wedge, a technical chart pattern, emerges as a valuable tool for traders seeking to capitalize on price movements within a specific timeframe. This article dives deep into the falling wedge, exploring its characteristics, how to identify it on a 4-hour chart, and strategies to leverage it for short-term gain.
Understanding the Falling Wedge
The falling wedge, as the name suggests, is a bullish reversal pattern. It's formed by two converging trendlines, with price action creating lower highs and lower lows, but at a decreasing rate. Imagine a wedge shape being squeezed from top to bottom, with the narrowing gap hinting at a potential price reversal to the upside.
This pattern signifies a period of consolidation where bears (sellers) are gradually losing momentum. While the price continues to fall, the decreasing distance between the trendlines indicates diminishing selling pressure. Bulls (buyers) start to accumulate, anticipating a potential breakout and price increase.
Identifying the Falling Wedge on a 4-Hour Chart
The 4-hour timeframe offers a sweet spot for day traders, providing a balance between short-term volatility and clear trend direction. Here's how to identify a falling wedge on your 4-hour chart:
1. Trendline Construction: Draw two trendlines, one connecting the swing highs (peaks) and another connecting the swing lows (valleys). Ensure both lines are sloping downwards, forming the wedge shape.
2. Convergence: Observe how the trendlines converge as the price action progresses. The closer the trendlines get, the more likely a breakout becomes.
3. Volume Confirmation: While not a definitive indicator, an increase in trading volume accompanying the price move towards the wedge's apex (point of convergence) can strengthen the breakout signal.
Key Points to Remember:
• The duration of the wedge formation doesn't have a set timeframe, but longer wedges tend to have stronger breakout potential.
• The tightness of the wedge (how close the trendlines are) also influences the potential force of the breakout. Tighter wedges generally suggest a more explosive move.
• False breakouts can occur, where the price pierces the lower trendline only to fall back within the wedge. Proper risk management is crucial in such situations.
Strategies for Short-Term Gain
Once you've identified a valid falling wedge on your 4-hour chart, here are some strategies to exploit the potential short-term gain:
1. Breakout Entry: Enter a long position (buying) once the price decisively breaks above the upper trendline. This breakout signifies a reversal in bearish momentum and a potential price increase.
2. Price Target: Set your initial profit target at a level equal to the height of the wedge. Measure this distance from the breakout point and project it upwards.
3. Stop-Loss Placement: Place your stop-loss order below the lower trendline of the wedge. This limits potential losses if the price falls and breaks the support level.
4. Trailing Stop-Loss: Consider employing a trailing stop-loss as the price moves in your favor. This adjusts your stop-loss automatically, locking in profits while allowing for some price fluctuations.
Additional Considerations for Success
While the falling wedge offers a promising setup for short-term gains, remember that successful trading requires a holistic approach. Here are some additional factors to consider:
• Market Context: Analyze the overall market sentiment and any relevant news events that might influence the price action.
• Technical Indicators: Combine the falling wedge with other technical indicators like Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) to confirm the breakout signal.
• Risk Management: Always prioritize risk management by using appropriate stop-loss orders and position sizing.
Understanding the falling wedge and the strategies discussed empowers you to identify potential short-term trading opportunities on the 4-hour chart. Remember, consistent practice, a balanced approach, and proper risk management are key ingredients for success in navigating the ever-evolving world of day trading.
BTC NEW INCREASE VOLUMEFor the low time frame BTC showing a positive trend which can allow BTC to break soon up 72K
Bitcoin: Navigating "The Dow of Cryptocurrencies"Approaching a Pivotal Moment:
Bitcoin, often dubbed "The Dow of cryptocurrencies," is on the brink of a significant development.
Symmetrical Triangle Formation:
Recent price action has seen consolidation near the all-time highs within a symmetrical triangle formation.
Bullish Trend Continuation:
Consolidations near highs in bull trends tend to resolve upward. The current breakout above the upper trendline suggests the potential for another substantial upward move in Bitcoin.
Price Targets:
A rise to the $90,000-$92,000 range is anticipated, with potential resistance around $80,000-$82,000.
Vigilance Required:
While a false breakout remains a possibility, as long as prices stay above the May 1st low, the path of least resistance is upward.
This critical period demands close monitoring to navigate the potential outcomes effectively.
Stay informed and stay ahead in the Bitcoin market! 🚀📈
#Bitcoin #Crypto #BTC #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Blockchain #Trading
$ONDO Bullish Pennant on daily and weekly TF ! 🔥@everyone
Trading in a bullish pennant pattern involves recognizing the setup and then executing trades based on the pattern's characteristics. Here are three key points to consider:
### 1. Identify the Pattern
- **Formation**: A bullish pennant forms after a strong upward movement (flagpole), followed by a brief consolidation period with converging trendlines that create a small symmetrical triangle.
- **Volume**: The volume typically decreases during the consolidation phase and should increase upon breakout.
- **Duration**: This pattern usually develops over a period of one to three weeks.
### 2. Confirm the Breakout
- **Breakout Point**: Enter a trade when the price breaks above the upper trendline of the pennant with increased volume.
- **Validation**: Ensure the breakout is supported by higher trading volumes, which confirms the strength and likelihood of continuation.
- **Entry Strategy**: Place a buy order slightly above the breakout point to avoid false breakouts.
### 3. Manage the Trade
- **Target Price**: Estimate the target price by measuring the length of the flagpole (the initial price increase) and adding it to the breakout point.
- **Stop-Loss Order**: Place a stop-loss order below the lower trendline of the pennant to protect against downside risk.
- **Monitor**: Continuously monitor the trade, adjusting stop-loss levels to lock in profits as the price moves in your favor.
By following these steps, traders can effectively capitalize on the bullish pennant pattern and manage their risk appropriately.
Detailed Analysis and Investment RecommendationsPrice Movement Analysis
Initial Stability (June 3 - June 4):
The price of Bitcoin hovered around USD 67,000 to USD 68,000. This stability suggests a period of consolidation, where traders were accumulating positions.
Significant Rise (June 4 - June 5):
A noticeable increase in price occurred, moving Bitcoin above USD 69,000. This could be attributed to positive market sentiment, news, or an influx of buying pressure.
Fluctuations and Volatility (June 5 - June 7):
During these days, Bitcoin's price fluctuated between USD 68,000 and USD 70,000. This period indicates heightened volatility, possibly due to traders taking profits or reacting to short-term market developments.
Peak and Sharp Drop (June 8):
The price peaked near USD 71,000 before experiencing a sharp decline to below USD 69,000. Such a drop might indicate a strong resistance at the USD 71,000 level, causing a sell-off.
Recovery Phase (June 9):
Following the drop, the price began to recover, showing upward momentum. This recovery suggests buying interest and support at lower levels.
Technical Indicators and Trends:
Support Level: USD 68,000 has acted as a strong support level throughout the week. If the price dips below this level, it might indicate a bearish trend.
Resistance Level: USD 71,000 is a critical resistance level. Breaking above this level could signal a bullish breakout and potential further gains.
Moving Averages: If available, using moving averages (e.g., 50-day, 200-day) can provide additional insight into the trend direction. A crossover of short-term moving averages above long-term moving averages typically indicates bullish momentum.
Investment Recommendations
For Short-term Traders:
Buy on Dips: Consider buying when the price approaches the USD 68,000 support level, as it has shown resilience and potential for recovery.
Sell Near Resistance: Plan to sell or take profits if the price nears the USD 71,000 resistance level, as it has previously led to a sell-off.
Stop-Loss Orders: Use stop-loss orders to protect against sharp declines, especially below the USD 68,000 support level.
For Long-term Investors:
Accumulate During Dips: Use price dips as opportunities to accumulate more Bitcoin. The recovery from the recent dip suggests underlying strength and investor confidence.
Hold for Long-term Gains: Bitcoin's historical trend has shown substantial long-term growth despite short-term volatility. Holding through fluctuations can yield significant returns.
Diversification: Consider diversifying your investment across different cryptocurrencies or asset classes to manage risk effectively.
Monitoring and Strategy Adjustments:
Stay informed about major news, regulatory changes, and events that could impact the cryptocurrency market. These factors can cause significant price movements.
Regularly perform technical analysis to identify emerging trends, support, and resistance levels. Tools like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) can provide additional insights into market momentum.
Periodically review your portfolio and investment strategy. Adjust your holdings based on market conditions and your risk tolerance.
SOLANA WHAT NOW??We have been following the trend of Solana for some time now.
We are now seeing buyers trying to push prices higher this is after market made a high around 209.90 .
After which the market moved lower to make a retest at a crucial low around 159.20 - 167.70 .
Now that we are seeing some signs of the buyers coming back, I will be looking to see if we can get a break and close above 191.80 . for possibility of another push higher towards the previous high 209.90 .
I still maintain interest of possibly seeing price move towards the ATH 260 level.
I keep an eye out as price can push lower towards support range 1 59.20 - 167.70 .
$BTCUSD BEARISHA rejection at this resistance zone will activate my sell order.
I still believe that Bitcoin is not ready for bullish re-run.
Entry 73000
sl 73600
tp1 66000
tp2 62000
tp3 60000
least.
note: Wait for rejection on a daily frame.
****************************************
Use a stop order and do your own research before trade
EThusd Ethereum has successfully broken the daily flag pattern, now it's showing another sign of continuation pattern.
I'm longing it, my Sl below the pattern while my To at its high.
Dogeloneusdt Trade idea This is my bias on this trade, I'm taking this trade based on continuation pattern, because dogelone has broken a significant high and it has retraced about 61% of the move.
My Sl is below the pattern while Tp above it.
ETC ( Ethereum Classic ) tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
