Cryptolevels
BEAMUSDT : Resumption of Uptrend MovementTrading Setup:
A Trading Signal is seen in the BEAMUSDT Beam (h4) (spot)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0163
⭕️SL @ 0.0152
🔵TP1 @ 0.0200
🔵TP2 @ 0.0221
🔵TP3 @ 0.0250
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
“Cryptocurrencies on the Move”The U.S. Securities and Exchange Commission has approved the listing and trading of options for BlackRock's IBIT. Bitcoin options trading on IBIT is expected to comply with BlackRock's standards. Following this development, the rise in cryptocurrencies has accelerated, with Bitcoin maintaining its push towards the 65,000 level.
Tecnically, if it surpasses the 65,000 resistance level, the 68,500 and then 71,675 resistance levels could be tested. On the downside, if Bitcoin breaks below the 63,300 level, a further decline toward the 60,000 and then 57,330 support levels could occur.
Bitcoin's Technical Outlook Improves: Key Levels to WatchCurrent Market Situation:
Bitcoin is showing an improving technical outlook, with solid support in the $50,000-$55,000 range.
Staying above this zone enhances the risk-reward ratio for bullish positions.
Key Resistance:
The $60,000-$62,000 range acts as crucial resistance. A breakout here could trigger a swift move to $70,000-$72,000, opening up potential for further gains.
Market Influence:
Often called the "Dow of Cryptos," Bitcoin's movements significantly impact the broader market.
Its extended range within a descending price channel suggests that a major price movement may be on the horizon.
#Bitcoin #BTC #CryptoMarket #TechnicalAnalysis #PriceAction #MarketUpdate #CryptoResistance
BTC Let's wait for the breakout at 64-65k range. LOOKING GOOD !First of all, I want to be very clear that all the checkmarks are the predictions we have been making over these past few months. Each checkmark is a confirmation that the price moved on our side.
To verify this, you can visit my Trading View page and check my analysis history, which I’ve shared with you every weekend.
Now, let's get into the Bitcoin analysis:
If we look at the overall structure of BTC, it is simply a descending range, but if we zoom in, the inefficiency zone has always been an important trigger for Bitcoin's structure, even when bearish. What I mean is that every time it touches the inefficiency zone, Bitcoin surges upward strongly. If you look closely, the largest bullish candles appear in the inefficiency zone. It is also where a head-and-shoulders pattern was formed, but when it touched a demand zone, the price shot up like foam, just as we had predicted.
It’s simple... If we can see the overall structure, we have a very important 'KEY ENTRY POINT' (KEP) on the bottom left side to consider, and that same 'KEP' is the area Bitcoin has been respecting frequently.
So, we can conclude in this analysis that, as Bitcoin has respected the entire bearish sequence of our trend channel 1, 2, 3, and 4, point #5 was key for retesting our 'KEP' at position #6 and then surging strongly to the inefficiency zone, resulting in a small natural pullback to accelerate the price and almost hit our resistance point #7.
But what will happen now?
NOTE: If there’s no breakout, there’s no party!
I’ll present you with two scenarios (Bearish and Bullish) that Bitcoin may follow this week:
Bearish Scenario: If there is no breakout, there’s no party! The price will simply validate our point #7, reject it, and continue the bearish sequence of the channel. We can distinguish this based on the volume and the strength of the candle (keep a close eye on that).
Bullish Scenario: The price is about to validate point #7. If starting on Monday, we begin to see strong bullish volumes in Bitcoin, you can be certain that Bitcoin will break the channel. Consequently, we could see a new high after the breakout, followed by a pullback that returns to what was the channel's resistance (now support), and from there, a structural breakout or a new high.
I call this pattern N3.
The simple fact that the price breaks out and the full candle is outside of my channel, I consider it a genuine breakout.
So let’s hope it happens this week.
Regards, and thanks for supporting my analysis!"
ETHUSDT BuyAs Ethereum has broke its Resitance and now is taking support over it and will fly high anothet confluence for going in buys is it has formed a Continuation pattern flag pattern which is completed some of my Friends taking it as a penunt over H4 and H1 accordingly but its a bullish setup also it can be categorized as a rally base rally formation till now lets see whats waiting but as today is concerned we had all bullish signs around us
Bitcoin (BTCUSD) LONG Trade Setup Targets + SL UPDATEDBitcoin (BTCUSD) LONG Trade Setup Targets
Got a clear LONG trade entry at $59,059
Stop Loss at: $58,250
Trailing Stop Loss at: $59,200
Total TP1, TP2, and TP3 done!
Almost touched the TP4 target.
Overall a good LONG trade on the 4h time frame.
I always trade crypto in the 4H time frame, it is my personal preference. Gives me more peace of mind.
The Rise of Gas Crypto: Exploring NEO’s Hidden GemGas serves as the fuel for transactions on the NEO blockchain. It powers smart contracts, enabling developers to create decentralized applications seamlessly. Without Gas, these processes would come to a halt.
In September 2024, we will witness the expected outcome of the Gas crypto supply and demand analysis as the strong monthly demand level takes over. Currently, a significant reaction is taking place. This reaction has also allowed for short-term and intraday cryptocurrency trades using supply and demand strategies or other intraday strategies. This analysis is intended for long-term investments. This crypto will probably provide new trade opportunities using the smaller timeframes.
“Bitcoin is rising."Cryptocurrency markets are going through a dynamic period with significant developments. In Germany, 47 cryptocurrency exchanges were shut down by the Federal Criminal Police Office and the Internet Crime Complaint Center as part of efforts to combat money laundering activities. However, following the Fed's decision to cut interest rates by 50 basis points, there is a decline in dollar-denominated assets. This situation is supporting upward movements in Bitcoin.
From a technical perspective, if it surpasses the 63,300 resistance level, the 65,000 and then 68,500 resistance levels could be tested. On the downside, if Bitcoin breaks below the 60,000 level, a further decline toward the 57,330 and then 54,000 support levels could occur.
Btc Long Scalping📊 BTC/USDT Analysis 🤑
Taking a deep dive into Bitcoin's latest price action, here's my latest chart with key support and resistance zones, trendlines, and potential entry/exit points.
🚀 Technical Overview:
🔹 Major Support:
🔹 Major Resistance:
🔹 Current Trend:
💡 Key Insights:
Breakout Alert: Keep an eye on the resistance at , a breakout could signal a strong rally.
Risk Management: Watch for support at to protect downside risk.
Volume Trends: An increase in volume could support the next move, bullish or bearish.
What do you think? Drop your thoughts below and let’s discuss potential scenarios for Bitcoin in the coming days! 👇 #BTCUSDT #CryptoAnalysis #Bitcoin
Xrp - The First Of Two Massive Breakouts!Xrp ( BITSTAMP:XRPUSD ) is still creating bullish structure:
Click chart above to see the detailed analysis👆🏻
Despite the overall crypto market weakness Xrp is still holding and even rejecting the lower support trendline of the symmetrical triangle pattern. Xrp also created another short term triangle within the long term triangle, so two major breakouts might happen pretty soon.
Levels to watch: $0.6, $1.0
Keep your long term vision,
Philip (BasicTrading)
Bitcoin Fails to Break the 60K ThresholdThe dollar's accelerated losses due to Fed expectations had only a limited impact on Bitcoin's rise. U.S. spot Bitcoin ETFs recorded their highest daily inflows in nearly two months. However, as the U.S. elections approach and Kamala Harris performed better than Donald Trump in the latest TV debate, cryptocurrencies, led by Bitcoin, lost value.
From a technical perspective, if Bitcoin breaks below the 57,330 level, a further decline toward the 55,800 and then 54,000 support levels could occur. On the upside, if it surpasses the 60,000 resistance level, the 63,000 and then 65,000 resistance levels could be tested.
Bitcoin ! BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GOBitcoin is stationed in an inefficiency zone but with a lot of strength. It undoubtedly had a bullish week, and naturally, after a bullish run, the price needs to take a pause or rest. What better place than our historical zone, which we've marked as an inefficiency zone on the 1-day chart.
Yes, Bitcoin still has a bit more to climb to see the breakout that I've been anticipating.
As we can see, Bitcoin has been in a bearish sequence channel, and from the technical analysis within the channel, I'm aiming for Bitcoin to at least reach 64k this week so we can see a bit more price action.
THE BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO!
So, until Bitcoin breaks my channel or at least reaches 64k, all I can do is wait.
Thank you for supporting my analysis.
Best regards.
Inflation Increases 2.5%, Setting Scene for Rate CutMarket Update, September 13th 2024
Takeaways
Inflation stays under control: The Consumer Price Index increased 2.5% in August compared to the previous year, down from the 2.9% bump in July. The latest data indicates the Federal Reserve will likely cut interest rates by 25 basis points next week.
Bankrupt crypto exchange FTX has reached a $14 million settlement with Emergent Technologies, resolving a dispute over 55 million Robinhood shares: The agreement avoids further legal action and allows Emergent to finalize its bankruptcy proceedings.
US spot bitcoin ETFs have seen a streak of daily net outflows, with nearly $1.2 billion withdrawn in just eight days: The downturn coincides with broader market volatility.
The North Carolina Senate has passed a bill prohibiting state participation in any Federal Reserve-sponsored CBDC testing: The bill bans payments to the state using a CBDC. It passed despite a veto by Governor Roy Cooper.
🕰️ Topic of the Week: Understanding Interest Rates
🫱 Read more here
Bitcoin is entering the sell-zoneBitcoin's price is hovering at a critical level, and the potential for a deeper bearish move looms large. Historically, when Bitcoin dips below key support levels (56999 and 49999), it can trigger algorithmic trading bots to initiate aggressive sell-offs, accelerating price declines faster than manual traders can react. This phenomenon has occurred in previous bear markets, where sharp drops activated cascades of sell orders, pushing prices down rapidly.
Currently, BITGET:BTCUSDT.P Bitcoin is flirting with the $55,000 support zone, and failure to hold this level could signal the beginning of a deeper decline. A break below FWB:42K may lead to a swift drop toward $20K, as bearish sentiment is dominating the market, particularly with futures traders leaning heavily toward short positions. The broader market is likely to interpret this breach as a confirmation of sustained downward pressure, which could drive Bitcoin to revisit the $15,000 level—similar to the 2022 bear market.
For those who purchased BINANCE:BTCUSDT.P Bitcoin around the $50,000 mark, the risk of a significant drawdown looms large, with potential losses of 50% or more if Bitcoin plunges toward $25,000 or lower. Further downside could see Bitcoin retrace all the way to $15,000, reflecting the magnitude of the correction experienced during the last major crash in 2022.
Given the current technical outlook, the absence of bullish momentum combined with major resistance levels at $60K and $70K suggests that a rebound might be unlikely without strong buying pressure. A breakdown in the $40K area could accelerate bearish moves as algorithmic bots kick in, potentially leading to a rapid sell-off and testing lower levels.
Investors and traders should stay vigilant, as any further breach of support could lead to a prolonged bear market, reminiscent of Bitcoin’s previous crashes and so a sell-off could happen quicker than you can open a short position.
BTC, When should we expect reversal? FA: The majority of crypto market participants are currently in a depressed mood regarding the medium-term future of the crypto market as a whole. Such behavior of the crowd says first of all that weak hands are not ready to buy now, and the sawtooth movement, which started since March and has lasted for more than 6 months, puts even experienced participants in a stupor, forcing them to close speculative positions, dump risky assets and expect a further decline comparable to the collapse in the spring of 2020.
However, a deeper look reveals several significant trends:
A drop in the influx of new bitcoins to exchanges.
Since the beginning of the year, the number of new coins entering exchanges has been declining. This indicates that professional investors prefer to keep their assets in their wallets, which means they are not preparing to sell. This factor is traditionally considered to be a bullish sign, as a decrease in supply on exchanges may contribute to price growth in case of renewed buying activity.
Increased outflow of bitcoins from exchanges.
This sign is also positive and confirms the narrative of asset accumulation by smart capital. It can be seen especially well at the moment of price drawdown: during and after aggressive shakeouts, a surge in coin outflows is clearly visible.
Despite the globally passive sentiment, the fundamentals of exchange inflow/outflow suggest that strong hands continue to accumulate while the crowd is perplexed by what is happening.
Reduced supply on the exchanges and increased demand from large holdings are creating all the conditions for future price gains, our idea is that the market has been in a reaccumulative phase for the past six months.
From a technical analysis standpoint , I anticipate a continued downside for BTC. Two potential scenarios may unfold:
1 - Retest of the 4-hour Order Block (OB): BTC could test the 52,000-54,000 range, followed by a gradual reversal, suggesting a more measured recovery.
2 - Retest of the Weekly Fair Value Gap (FVG): Alternatively, BTC may drop to the 47,300-44,000 zone, which could trigger a sharp "V-shaped" reversal with aggressive momentum driving the price higher, potentially towards new all-time highs (ATH).
In either case, monitoring key support and resistance levels within these zones will be critical.