Cleaned out the longs. Now, it's time to clean out the shorts.Traders,
You guys know my target during this uptrend has been 68k BTC which is the top of our channel and that large order block with mostly sell orders. This last sudden dip cleaned out quite a few longs. Now, it is time to go after those shorts. You will start to see a lot of shorts liquidated around 68k (the top of our channel). This will only add fuel to the bullish fire. I think we'll go right through that liquidity order block and clean out all remaining shorts. Supply is low on centralized exchanges so, expect big movement to come!
A couple of things to watch before we get there though.
First, we have to beat our 200 DMA. This is absolutely critical! If bulls can't handle this then it's game over for the time being and I think we'll drop all the way to 48k.
Secondly, we have to beat the top of our channel. That currently sits at around 68k.
If we beat those two major resistance points, it's game on. Shorts will be in serious trouble.
Stew
Cryptolevels
BITCOIN after the FOBO ! ( FAKEOUT BREAKOUT)
BITCOIN, after the FAKEOUT BREAKOUT, has re-entered the bearish channel that we’ve been monitoring for several months. This was a false breakout, which left many of us hopeful for a bullish market, but it turned out to be the opposite!
But no worries, we must wait. The important thing here is that, within the bear market we saw last week, the price bounced off a very important and key zone that we’ve been tracking for several months.
This purple zone is what I call my inefficiency zone, which I also consider one of the strongest areas where Bitcoin has previously made strong impulses.
The only thing we should consider here is that Bitcoin will likely try to break the channel again. We can’t do anything until the price is on the other side of the channel. It’s that simple! Don’t try to enter right now because the price could pull back. Always pay attention to the immediate structure being presented and WAIT!
We already have confirmation that the price has bounced within our inefficiency zone. Now, we just wait for the breakout, so patience is key!
That’s my advice for this week.
Best regards, and thank you for supporting my analysis.
LAZIOUSDT - Technical Analysis [Long Setup]🔹 LAZIOUSDT Analysis on 1HR chart
- The current Trend is BULLISH
- there is no divergences
- Lets target next HH
🔹 Trade Plan
- Entry Level = 1.316
- Stop Loss = 1.207
- TP1 = 1.466
- TP2 = 1.578
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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BTC UPDATE 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me !
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📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
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HAPPY TRADING 🥰
THETA Long Spot Position (Support Entry)Market Context: THETA has retraced to a key support level at $1.30, presenting a solid opportunity for a long trade. The setup provides a good risk-reward profile if the support holds and the price starts to bounce.
Trade Setup:
Entry: At the current $1.30 level of support.
Take Profit:
First target: $1.50 - $1.67
Second target: $1.85 - $2.05
Stop Loss: Just below $1.24.
This setup focuses on capturing the bounce from support with defined risk. #THETA #SupportTrade
BTC Lucky Number 7 !!! Get Ready for the Bull RUN!! But first...Lucky Number 7 !!!!!! Get Ready for the Bull-RUN!!! But first...
First of all, I want to clarify that all the checkmarks checked off are the predictions we have been making over all these months. Each checkmark is confirmation that the price behavior followed the analysis we conducted.
In this case, the breakout of point #7 was fulfilled, and this is the breakout I had been waiting for around July-August (point #3). But before we proceed, I want to clarify that for me, a valid breakout means the candle and wick are completely outside the resistance line! So, indeed, for me, this is a legitimate breakout.
BUT BEFORE THIS HAPPENS, WE HAVE TO SEE A SUPER IMPORTANT MOVE!!!!!
Within the N3 pattern, whenever there is a breakout, it is always followed by a new high, and then the price makes its natural pullback. We will look for the price to touch the new support level, rebound, and aim for a new high.
This is my N3 pattern, which I always look for after confirming a breakout.
So, let’s wait a few days to allow Bitcoin to rise as much as it needs to, make its natural pullback, and then buckle up because we’re about to see a strong bullish run.
Thanks for supporting my analysis.
Good luck!
-mike
Bitcoin - This Is The Bullish Breakout!Bitcoin ( BITSTAMP:BTCUSD ) still has a high chance of a breakout:
Click chart above to see the detailed analysis👆🏻
Bitcoin is clearly following the behaviour of the previous cycles and there is actually no reason to be bearish at the moment. The current consolidation is rather a sign of strength and a bullish breakout is definitely more likely than a bearish rejection. Just closely monitor price action.
Levels to watch: $65.000, $32.000
Keep your long term vision,
Philip (BasicTrading)
“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