Next Halving timingSo,
- Next Halving ~ May '24
- Next Bear ~ Mar '26
- Next Capitulation May '27
Why not? Let's go!
Cryptolevels
Is Bitcoin Overbought on the RSI a sell signal? Bitcoin - CRYPTOCAP:BTC
Short term BTC Chart that's not really my style but I thought it was interesting.
We are on day 13 of being overbought on the RSI. In the 3 examples below, recent history suggests we can remain overbought in the RSI for 23-26 days on average (12th - 14th Nov)
Please recognize that in past bull markets the RSI remained oversold for much MUCH longer and I am long term very bullish with a long term spot position.
This is just something I observed. We are against stiff resistance here at $35.2k and we have more at $39-40k. Now we are aware that we can have another 10 more days of potential price upside regardless of RSI being oversold, however trades on shorter timeframes might look at the latter end of the 10 days window as a taking profit /de-risking opportunity.
Just something i noticed and thought i would share because an oversold RSI would put anyone off, but with BTC it can stay there a lot longer than you might think.
PUKA
$ALGB token primed for a once in a century pumpWriting this from my phone, will update the chart in the morning and give a more through analysis.
I recommend having at least a small bit in your portfolio, it is a relatively high risk asset so don’t bet the hoist but I do believe we will see a ridiculous increase in price over the next month. I’ve been holding for a few months without seeing any positive movement, nice to see it finally getting some gains
AVAX GROWTH - CHART - Supports and ResistancesThis is just a supporting chart for the Video I put out Earlier.
Currently touching the bottom of the channel I mentioned.
With the recent announcement by JP Morgan's ONYX regarding their stake in AVAX I thought this would be the perfect time to cover this Incredible asset.
In short ONYX is predicting that subnets ( individual blockchains that have been specifically designed to suit the needs of institutions. That means extra consideration has been given to network privacy, gas, ETC) will be extremely valuable to institutions in the near future and are betting big, since this announcement we have already seen over a 20% increase in price, but how much more can we actually run?
From a Technical side, we are at a huge inflection point, In the past when we have crossed the $18 region we have seen explosive growth, anywhere from 200% - 700%. Although it is highly dependent on bitcoin / ETF approval/ overall market, If we can maintain above this zone its only a matter of time before we fly to our first targets / Resistance points
Outlined here are a few important zones to watch
Resistance Point 1 .382 level: $24.00 ( Just rejected off this 12 hours ago)
Target 1 : - $ 26.60
Target 2 (Midterm Major Resistance/Support Zone): $61.86
Strong Resistance Zone : $93.50
Target 3/ Breakout Resistance Zone: $112.75
RLC NEW VOLUME INCREASEThank you for reading this update.
Depending on our study we see that RLC has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
ZRX Breakout the descending broadeningDescending Broadening Wedge Pattern Explained
A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines .
A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right.
A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.
Crypto Forecast: ADA ☀️ 24 Hours; Correction in 1 WeekClouds lie ahead for the global crypto market, including Bitcoin and Ether in the next 24 hours, translating to a slightly bearish trend. ☁️ Altcoins Cardano, Dogecoin, Polygon, and Chainlink, however, enjoy bullish sunshine.
Over a one-week horizon, the ☀️ bullish sun will return for both Bitcoin and Ether. Yet, cloudier bearish trading conditions will prevail over Ripple’s XRP, Cardano, Binance Coin, and Polkadot. ☁️
Follow us for more crypto weather reports!
WILL BTC BE ABLE TO CONTINUE THIS BULLISH RALLY?
In the higher timeframe, Bitcoin (BTC) is currently encountering two significant resistance levels that it must surpass for a more bullish movement to materialize.
Why is it so strong? it's a 446-day resistance
In the daily time frame
"After each significant or sudden movement, Bitcoin has exhibited a tendency to consolidate sideways."
here we can see a bearish divergence in RSI also
So what do you expect?
LET'S HAVE A LOOK AT THE SHORTER TIME FRAME
In the shorter time frame, Bitcoin (BTC) has broken out of this bullish pennant pattern and is currently in the process of retesting it. According to the technical pattern analysis, we can anticipate a potential bounce of approximately 15% to 17% from the current level.
LET'S HOPE THIS IS NOT BEAR TRAP
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
ETH trade setup for 15th Nov 2023My setup yesterday was bullish, I only caught a 1:2rr. I didn't see other factors telling me to go bearish.
I was bent on being bullish, so I know and believe, setups can change. So learning to be dynamic is key and not holding to one belief of how the trade should pane out. However, it was a good day.
Today being, 15th Nov 2023, I'll be expecting a bearish scenario as outline on the chart. So I'll be expecting price to enter into the areas highlighted above and also the rectangle above for a reason to go short at specific time.
This is not a trade advice, please dyor
ETH Trade setup for 14th Nov 2023Eth has been bullish compared to BTC, so for me to trade this pair because it refused to make lower low but it also still took out some lows as an inducement to go short however, that's not the actually direction. It's direction is bullish to offset short traders. My possible scenario is for the market to trade into my zone at about 9:30am NY time today, then I can see what price is doing. If there be reasons to go long or short.
XRP Under the Weather: ☁️ Looming for the Next 24 Hrs, 🐻 TrendMixed trading conditions ahead on the global crypto market, with bullish sun shining on Bitcoin, Cardano, Avalanche, and Polkadot in the next 24 hours. 🌤️ Cloudier bearish trading conditions will prevail over Ether, Ripple’s XRP, Binance Coin, and Dogecoin, according to ATTMO. ☁️
Over a one-week horizon, the ☀️ sun will shine over cryptocurrencies such as Bitcoin, Ether, and Binance Coin. However, bearish clouds will linger over Litecoin, XRP, and Cardano.
Follow us for more crypto weather reports!
DAY TRADE 022BYBIT:10000STARLUSDT.P
Today we have 10000STARLUSDT! we hit the floor on this one and im trying to catch an order before this goes off if we need to come down lower on the price we will go again!
5:1
Thanks guys.
SOLUSDT NEW TIMES COMING? Thank you for reading this update.
Solona looks to have a new incoming volume
Will this bring this volume Solana to $100 with time?
This volume depends on day trade and has no guarantees for the long term.
FILE FAKEBREAKOUT PATTERNThe current area support is very suitable for continuation of the upward trend
ETH to $2500 although retrace to $1950Looking at the ETH chart, I can see it can easily hit $2500 before some retrace however if the monthly (November) closes above $1950 without a retrace or reaching $2500, I would expect a retrace to $1950 before a push all the way to $2500
Let me know what you all think
ETH : 🌞 Skies & Upside Potential in 24H, Correction in 1 Week? Mixed trading conditions ahead for the global crypto market in the next 24 hours. Bitcoin and Polygon face cloudy skies ☁️, translating into a slightly bearish market with downside risk. The sun 🌞, however, shines over the rest of the cryptosphere like Ether, Avalanche, and Ripple, hinting at upside potential, according to ATTMO.
Over a one-week horizon, Bitcoin and Avalanche are likely to also benefit from a bullish sunny sky. Ether will see tropical trading conditions with rain indicating that an imminent market correction is likely. ☔
Follow us for more crypto weather reports!
Solana’s target defined. Idea combines Dow, Wyckoff and Fibonacci
Market maker just drew Solanas range with a surgical rebound at the 0.382 level. Could go as low as 0.5 without being weird (45.13)
Expect some type of consolidation and will be looking like the top is in.
Will do its thing and then go to the target zone.
Wouldn’t expect to run this level, it then again anything could happen.
Just an idea, trying to figure out the market’s maker view.
Exiting price action!
How to buy a bull runCombining Dow, Wyckoff, Fibonacci.
This is a 18 min chart
From wick low to wick high.
Notice how the buying was done at the 0.236 level acknowledging it had already been bought at the 0.382
Price then stalls at the -0.382 (mirror image)
RAY INCREASE VOLUMEThank you for reading our update. Please remember that this is not advice for trading.
RAY Looks to have a new uptrend volume and can meet new volume in the coming hours.
This is day trade based.
Trying to jump into NEOIdeas combine Dow theory, Wyckoff and Fibonacci. No other indicator used.
Neo is currently moving down after a huge selloff.
After careful examination and looking for the equilibrium zone, it is found that highest probability zone for optimal buying sits between 11.87 - 11.58 area (between the 0.382 - 0.05 levels)
A candle-close below 11.58 will invalidate the idea.
Looking at a 36 min chart here.
CRONOS - KEYLEVELS - DailyThese are my keylevels for CRO.
Now its testing the resistance line after the breakout of the descendent trend.
