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Bitcoin 1 Hour: Exact Same DownslopeBitcoin's one-hour trend is showing the exact same downslope (degrees change with chart resolution, but the relative lines stay the same) as the chart demonstrated mid-April. This may indicate more trying times to come, at least in the short term. The make-or-break is still $27250. A fall below that critical support level might trigger a more prolonged downtrend. One the other hand, a run above $30000 is still the zone where I will enter longs. Happy Wednesday & happy trading! wbburgin
INDEX:BTCUSDShort
by wbburgin
Stx Breaking Falling Wedge Stxusdt Based on my analysis of the Stx chart in the 4-hour timeframe, I have identified a bullish chart pattern known as a "Falling Wedge". This pattern is characterized by a series of lower highs and lower lows that converge into a point, forming a wedge-like shape that slopes downwards. The pattern is usually followed by a breakout to the upside, which could potentially lead to a significant price move. Currently, Stx is trading within the Falling Wedge pattern, and it appears to be approaching a key resistance level that could trigger a bullish breakout. If the price manages to break above this resistance level and close above it, it would be a strong indication that the bulls have taken control of the market. Assuming that the breakout is successful, I would expect the price of Stx to move towards the HKEX:1 level, which is a significant psychological resistance level. This level has not been tested since 2018, and if the price manages to break above it, it could trigger a new wave of buying that could potentially push the price even higher. However, it's important to note that trading is always subject to market volatility and unexpected price movements, so there is always a risk involved in any trade. Therefore, it's crucial to set stop-loss orders to minimize potential losses and to have a solid risk management strategy in place. Additionally, it's essential to keep an eye on any news or events that could affect the price of Stx, such as new partnerships or regulatory changes.
Long
by Crypto-By-Ghazi
Sell Bitcoin in May and Walk Away?'Sell in May and walk away' - does it apply to #Bitcoin? Historically, selling in May results in missing out on gains. However, a simple strategy that buys COINBASE:BTCUSD in Oct and sells in May is profitable 60% of the time, with a net profit of 4.15%. The strategy's effectiveness depends on the current market cycle. Selling in May misses gains in a recovering market, but helps avoid losses in a bear market. So, is Bitcoin in a bear market now? Evidence suggests not. Adjusting the strategy to sell in May only if in a downtrend results in lower net profit, but allows for capturing larger trends. Currently, Bitcoin is trading above the 200-period Simple Moving Average, with a significant low & growing on-chain fundamentals. Based on the strategy, selling in May 2023 may lead to missing out on summer gains. From a technical perspective, Bitcoin is in an uptrend since the beginning of the year. Resistance at $30K, support at $26K. Long break of $30K targeting 35-$37K. Daily Baseline support at $24K; as long as price is above, market is bullish. A Head & Shoulders pattern is forming, projecting a downside target of 23,171. A similar scenario in March rallied to new yearly highs. For Bitcoin investors: Hold BTC, avoid Ethereum (Bitcoin outperforming). To hedge, short all or part of BTC in the current range. If Bitcoin breaks $30K, unhedge to catch the breakout. Hold short to 23K, then re-evaluate. In summary, while the "Sell in May" strategy can be profitable, its effectiveness depends on the market cycle. Currently, it may not be the best approach for Bitcoin. Instead, consider holding and hedging to maximize potential gains.
COINBASE:BTCUSD
by CrackingCryptocurrency
Will the floor hold as volume decreases and reality sets in -> ₿We have 2 Bearish Daily Candle closures back to back to end off the Weekly Candle. The Weekly Candle is closing Bullish. With a top wick. The Top wick is currently -3.18%. The candle body for the weekly candle is +5.5%. 2 Weekly Candles are now closing below 30K Weekly Level that was created during May 22'. Anticipating a correction to previous Daily Candle Low at 29,058. Next stop may be 28.8K 1Hr level. Price is currently sitting at a 4Hr level 29,150$. Considering the timing, The Weekend, Asian Trading Session, a New Daily Candle. These are some confluences I'm considering for a short term correction on Bitcoin ₿
COINBASE:BTCUSDShort
by ShrewdCatfx
Bitcoin Bulls Still Struggling!Traders, Will this week or next become the moment when BTC bulls take a break and allow the bears to have their neckline retest? We will find out soon. Let's take a look at my chart to explain what must occur. There is one critical level that BTC must remain on top of if these bulls are going to continue this run. Can you spot it? Before I get to what is key for BTC, let's talk about some of the other things happening on the chart here. First, you will notice that black descending trend line. I drew that a couple of weeks ago in anticipation that new pivot highs would not be able to recapture previous pivot hit territory, let alone run higher, before a pullback to our C&H neckline. This, so far, has ended up to be the market's correct trend, descending. April 26 and 27 wick highs simply ended up becoming lower highs, confirming suspected descent. This descent continues today and nothing that I have been predicting for the last 4 (going on 5) weeks now has changed. I am, at this point, still expecting a retest of the C&H neckline at 25,300. If this does not occur now, it will occur later. And that scenario will wreck crypto market bulls completely. I'd much rather see this retest occur sooner than later. And, from a technical perspective, this would indicate lots of future strength and bullish price action to come. But, if we are not going to retest the neckline soon, then there are a few things that I am looking to occur for the bulls to prove to us that they have the strength to take us up to that 36-40k target first. #1. We have to stay above that 50 day ma. A break below would be further confirmation of that neckline retest. #2. We have to either break above that descending black trend line AND/OR form a new pivot high on the daily beating the April 26/27 pivot high. This would simply be an early indicator that the bulls are targeting that 30k resistance again. Although, it's a positive sign for the bulls to be sure, they still must beat and confirm 30k. And until they do so, my neckline retest theory remains in tact. #3. So, number three then, is a move above 30k with confirmation the daily. We must see at least one more, but preferably two, additional candles in succession opening and closing above 30k. That would be our indication that 36-40k is now in the cards. In conclusion, I still believe that 36-40k target will be reached before the end of the year. But my hope is that we can reach that target with healthy market price movement prior to achieving that target. Healthy target price movement constitutes a drawback and touch of that 25,300 level before further ascension and currently that thesis is still being support by current market price action. Best in all your trades, Stew
INDEX:BTCUSDShort
by stewdamus
BTC: BULLMARKET VIEW Currently, it appears that BTC is still experiencing an upward trend. However, it is crucial for BTC to maintain its value above 23K in order to sustain this upward trend. Based on the chart analysis, it seems that we are nearing the beginning of a bull market for BTC, which could potentially result in higher volume coming time. The chart also shows that if BTC is able to maintain its value above 23K, there is a high probability that it will experience a breakout in the coming time. Furthermore, many other cryptocurrencies can follow this trend.
Long
by Goldenbreakout
7
Bitcoin -> Time For The Next RallyHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin is actually approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the HKEX:32 ,000 level. However you can also see that weekly market structure is still bullish, moving averages are bullish and in my opinion we already created the bottom of the bear market, so I am now just waiting for a deeper push into the HKEX:32 ,000 resistance before I then do expect a short term rejection towards the downside. On the daily timeframe you can see that we are back to bullish market structure on Bitcoin, we also broke above a previous daily resistance at the HKEX:29 ,000 area so I am now just waiting for a retest of this previous structure and then I do expect a next short term rally towards the upside from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
38
$FLOKIUSDT Super Duper Supernova! 🌙⭐️💫🌟✨FLOKI (FLOKI) price has declined today. The price of FLOKI (FLOKI) is $0.00003564 today with a 24-hour trading volume of $15,876,463. This represents a -0.65% price decline in the last 24 hours and a 27.56% price increase in the past 7 days. With a circulating supply of 9.8 Trillion FLOKI, FLOKI is valued at a market cap of $349,078,463. Where can you buy FLOKI? FLOKI tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade FLOKI is BKEX, where the most active trading pair FLOKI/USDT has a trading volume of HKEX:1 ,582,882 in the last 24 hours. Other popular options include BingX and Bitget. What is the daily trading volume of FLOKI (FLOKI)? The trading volume of FLOKI (FLOKI) is $15,872,522 in the last 24 hours, representing a -24.50% decrease from one day ago and signalling a recent fall in market activity. What is the all-time high for FLOKI (FLOKI)? The highest price paid for FLOKI (FLOKI) is $0.00033651, which was recorded on Nov 04, 2021 (over 1 year). Comparatively, the current price is -89.38% lower than the all-time high price. What is the all-time low for FLOKI (FLOKI)? The lowest price paid for FLOKI (FLOKI) is $0.000000084280, which was recorded on Jul 06, 2021 (almost 2 years). Comparatively, the current price is 42,320.13% higher than the all-time low price. What is the market cap of FLOKI (FLOKI)? Market capitalization of FLOKI (FLOKI) is $349,078,463 and is ranked #118 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FLOKI tokens (9.8 Trillion tokens are tradable on the market today).
Long
by BADQOMOCAWGOWLD
Ethereum -> Wait For The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum just recenly broke above a major previous weekly support/resistance area exactly at the HKEX:1900 level which is now turned strong support. You can also see that weekly market structure and also weekly moving averages are bullish and therefore pointing towards more upside potential, so I am now just waiting for some bullish rejection at the zone before I then do expect a next weekl rally towards the upside. On the daily timeframe however you can see that we have the potential to actually create a regular head a shoulders, generally speaking a bearish pattern, so I am now just waiting for some bullish market structure before I then also do expect a next bullish impulse on the daily timeframe. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
36
Lqty Falling Wedge Breakout And Retest Lqtyusdt LQTUSDT is showing signs of a confirmed falling wedge breakout with the retest phase almost complete. The retest is an important stage where the price tests the breakout level to ensure it is strong enough to continue the bullish momentum. As the retest phase is almost complete, it is likely that the bulls will take control of the market and a 30-50% bullish move can be expected in the short term. However, traders are recommended to conduct their own research before making any trading decisions. This includes analyzing charts, looking at technical indicators, and scrutinizing market news and developments. It is also crucial to always manage risk effectively by setting stop-loss orders and exiting trades at the right time. In conclusion, LQTUSDT is currently displaying an attractive short-term bullish outlook with the falling wedge breakout and retest stages hinting at a possible 30-50% price rally. But it is always wise to do thorough research and manage risk prudently to mitigate any potential losses.
Long
by Crypto-By-Ghazi
BTC forms Bullish flag with pinsBull Flag made and pins started, need to see one more pin to confirm this, Then I see 45K as a top of this run before a support confirmation later, If we do not see the 3rd pin form then this could be traping more longs and then down we go. BTC has been all over the place so we have to keep our eyes on the news and charts every 4 hours, I Love seeing the volatility come back, This is where we make money, going short and long. Remember down trends are great money-makers for short orders. Let's see how these next 4 hours play out. God Speed.
BITSTAMP:BTCUSD
by walkndeadbigfoot
BTC Express 🚂 $28,631 April 23' Looking for a Retest of the Lows. Bears appear to have showed up a bit higher than we were anticipating. BTC Appears to be doing it's thing, which we can always appreciate. Since the USD is being dumped BTC may be the future. For now we will trade based off Zones by constructing attractive RR Ideas that may cushion us across a series of data points and into the positive. Surviving as a Trader requires more emotional control than in comparison to other contributing components. My System across the past 6 weeks you may observe a 28% Hit Rate. How are you profitable ShrewdCatFx? I would say maintaining emotional discipline across the vast series of data points. More Analysis : Entry is Only 70 Points lower than our Entry from yesterday that was blown out of the water. Now Price is behaving how we would like it to and are getting in for an entry as price retests the top of our original range between 28.5K Daily level and 27.3K Daily Levels. Price on the Daily looks like major rejection with that top wick. If Daily closes below 28.5K in 2 hours then we can be confident of a leg down during Asian or upcoming London session. Upcoming News : CPI on Friday FOMC next Wednesday NFP next Friday. Plenty of opportunity ahead. Maybe we keep consildating between 28.5K and 27.3K Daily levels until then.
COINBASE:BTCUSDShort
by ShrewdCatfx
Bitcoin's bull-run not over yetBINANCE:BTCUSDT • The perfect trap for more shorters to hop in for 'the bigger drop towards 25K to fill the daily gap'. Little do they know that it has already been filled from the previous days when it tapped into the 26Ks and pushed beyond 28K. • Therefore, Bitcoin's maximum drop will not go below 26K. • Bitcoin's current 'dump' is not a dump, as the asset's price has changed apx. (12.5%) which is an average price change for the so-called 'price correction'. • Bitcoin correcting meaning it will be giving more opportunities to go further up (long). • Bitcoin, for now, will aim for the 29\30K gap. • Potential highs: 32\33K for last year's daily/weekly/monthly gap. If broken: 40Ks which is going to be the major big timeframe Fibonacci premium zone.
Long
by opkl14
3 Days Waiting / Setup : Fakeout / Daily TF 📉 Have been waiting patiently for Shorts to Setup on BTC. I'm not totally convinced of this rally as you can observe. This trade is in anticipation that the Daily timeframe will respect the Daily and Weekly Levels in Between 28 to 28.5K. Although this retest of our Daily Level looks quite daunting, selling into strength shouldn't be too much of an issue because of the amount of orders at this level previously 28,300. It's worth a shot given the RR and the previous Weekly Engulfing Candle. I typically stick to scalping but this Fakeout Looks clear as day and so I have no issue risking some profits with reduced risk and attempting something different then the usual.
COINBASE:BTCUSDShort
by ShrewdCatfx
Do Engulfing Candles Work? 🤨Yes Engulfing Candles work but it depnds on the context. If are at either a Weekly, Daily or 4Hr level then I will have more confidence in my entry. If not then we may just be selling into momentum and getted rekt while price goes the other way and we weep as our ego suffers. We have a minor zone at 1880 but nothing more than that, at least considering what is relevant personally. However, we have had sustained bearish pressure on the higher TF's such as the Daily/Weekly and appear to be printing solid engulfing candles on those timeframes. 1 More day for the weekly candle to close. I can observe price potentially returning to the lows for more liquidity around 1840 and going into a range. If not then candlestick patterns dnt wrk and that's why we always stick to combining confluences, and considering context before entering after a candlestick pattern. Thinking more range before we see 1942 again.
COINBASE:ETHUSDShort
by ShrewdCatfx
$ĐOGE PT 69 Timeline: starts Oct 2023/Jan 2024- Spring 2026What Is Dogecoin? Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin. How Do You Mine Dogecoin? Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.
BINANCE:DOGEUSDLong
by BADQOMOCAWGOWLD