Crucial Moment for ETH/BTC- ETH/BTC is approaching the end of a symmetrical triangle formation on the daily chart, which began back in July 2022.
- The CM Williams Vix and Ultimate RSI indicators suggest that the bottom was established in late March 2023.
- Currently, ETH/BTC is testing a significant resistance line that has held strong since July 2017.
Additionally, considering the Bitcoin Dominance nearing a resistance point (see attached analysis below), it wouldn't surprise me if we witness a breakout for ETH/BTC, resulting in a decreasing Bitcoin dominance and Ethereum outperforming BTC at the moment.
I will conduct further analysis below using other timeframes
Cryptomarket
CLV / USDT : Poised for a breakout above key resistance CLV/USDT: Poised for a Breakout Above Key Resistance
CLV/USDT is nearing a crucial resistance level, setting the stage for a potential breakout 📈. The price has been steadily climbing, building momentum for a significant upward move 💥. A successful breakout could ignite a strong bullish trend 🚀. Keep this pair on your radar and wait for a confirmed move before entering.
Key Insights:
1. Critical resistance: CLV/USDT is approaching a major resistance level that has acted as a ceiling in the past. Breaking above this level could trigger a powerful rally.
2. Volume watch: Monitor trading volume during the breakout. A surge in volume 🔥 would indicate strong buyer interest.
3. Bullish indicators: Momentum indicators like RSI and MACD are showing positive trends ⚡, reinforcing the potential for a bullish breakout.
Steps to Confirm the Breakout:
Wait for a clear 4H or daily candle to close above the resistance level 📍.
Look for a noticeable increase in volume during the breakout to validate buyer strength 📊.
Watch for a retest of the broken resistance, turning it into support, to confirm the move ✅.
Be wary of fake breakouts, such as sharp reversals or long wicks above resistance ⚠️.
Risk Management Strategies:
Implement stop-loss orders to protect your capital 🔒.
Adjust your position sizing to align with your trading plan 🎯.
This analysis is for educational purposes only and is not financial advice. Always do your own research (DYOR) 🔍 before making any investment decisions.
SOLANA LOOKING ALL TIME HIGHS - SOL LONGPrice rejected strongly from the daily demand zone after running the daily swing liquidity. This move created a 4H demand zone. Following that, we saw a break of the bearish trendline, with a retest of both the trendline and the 4H demand.
I entered a position during this retest, even as BTC was aggressively dumping by over $10K, which is why I couldn’t share this idea in real time. However, I am already in this trade and targeting a bare minimum of $271 as the next level.
Alikze »» APT | Forming a head and shoulders pattern - 2D🔍 Technical analysis: Forming a head and shoulders pattern
- It is moving in an ascending channel in the daily time frame.
- After the touch neck line and also the failure of swing and poleback to it, it has continued its growth up to the ceiling of the channel.
- Currently, an AB=CD pattern is formed.
- In addition, a head and shoulder pattern is also observed in the daily and weekly time frames.
- Therefore, it can have another growth in the middle of the channel after a temporary correction, up to the area of the width and roof of the channel.
💎In addition, it can continue its growth until the next supply zone after the failure of the supply zone and pullback to it.
🚨 Note: The support area of 6.25 is the validity area of the analysis, if the candlestick stabilizes below the area, the bullish pattern will be invalidated. 🚨
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BINANCE:APTUSDT
Harmony (ONE)📊 Comprehensive Analysis of Harmony (ONE)
🔍 Overview: Harmony, after experiencing significant trading volume, successfully broke out of its descending channel. The breakout of the weekly resistance zone (yellow area) in the weekly timeframe opens new opportunities for upward movement.
🕰 Technical Analysis:
Current Situation: The price, having surpassed the weekly resistance, is poised to target Fibonacci levels of 1.618 and 2.618.
RSI Analysis:
RSI is encountering a critical resistance level that could temporarily halt the upward momentum.
A breakout above this resistance could push RSI into the Over-Extended zone, which may trigger a sharp price surge.
🎯 Recommendations and Entry Points:
Layered Entry Strategy:
First Entry: At the current price zone.
Second Entry: After a correction and pullback to the yellow zone (previously broken resistance).
📌 Key Considerations:
Risk Management: Proper capital management and risk allocation are crucial.
Market Volatility: Sudden market reactions can lead to unexpected losses. Failing to adhere to effective risk management could result in significant setbacks.
JUPITER ($JUP) Big Breakout - December UpdateJupiter (JUP) appears to be on the brink of a breakout, as its recent consolidation pattern suggests it may be gearing up for its next leg up. Over the past few weeks, JUP has been trading within a defined range, with steady accumulation and strong support levels holding firm. This period of consolidation often indicates that buying pressure is building, setting the stage for a potential price surge once the coin breaks through key resistance levels.
Technical indicators are showing signs of bullish momentum, with increasing volume and favorable patterns in moving averages suggesting that JUP is primed for upward movement. Additionally, the broader market sentiment is leaning positive, which further adds to the bullish outlook for JUP.
If JUP can maintain its current structure and break through resistance, the next leg up could see significant price appreciation. As always, it's essential to keep an eye on market conditions and potential risk factors, but the technical setup is looking strong for a potential breakout in the near term.
ETHUSDT - NEW ATH and what's behind3D chart displays a breakout of descending broading wedge
Target projection for this pattern is around 5500 meaning a NEW ATH for ETH will be soon
what this is mean?
When Ethereum (ETH) reaches a new all-time high (ATH), it tends to trigger broader positive movements in the altcoin market, especially for coins associated with Ethereum's ecosystem or those leveraging its blockchain. Here are some types of cryptocurrencies that are likely to benefit:
1. Layer 2 Solutions: Coins like Optimism (OP) and Arbitrum (ARB) are directly tied to Ethereum, offering scaling solutions. As Ethereum grows in adoption and price, demand for these networks usually rises due to increased transaction costs on the main chain.
2. DeFi Tokens: Protocols like Uniswap (UNI), Aave (AAVE), and Curve (CRV), which are major players in Ethereum's decentralized finance (DeFi) ecosystem, often see growth in tandem with ETH's price increases. This is because higher Ethereum activity typically leads to increased use of DeFi platforms.
3. Competing Layer 1 Networks: networks like Solana (SOL), Avalanche (AVAX), and Polygon (MATIC) , (FTM) , (ONE) , (HBAR) will see price movements as investors diversify their portfolios during a bull market.
4. Web3 and NFT Projects: Tokens associated with Web3 initiatives or NFT marketplaces on Ethereum, like The Sandbox (SAND) or Decentraland (MANA), often benefit as Ethereum enables these ecosystems.
"When Ethereum (ETH) achieves a new all-time high (ATH), positivity is expected to spread across the entire cryptocurrency market.
However, in this analysis, the mentioned coins were selected based on their charts, targets, and future projects.
The excitement is about to begin soon!"
Best regards Ceciliones🎯
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT
BTC Trade Idea: Reversal Zone Market Context:
Bitcoin is approaching an uncharted territory between 101970 and 110200, where no historical resistance exists due to the all-time high level. This zone is psychologically significant and likely to attract profit-taking from early buyers and aggressive short-sellers, making it a prime area for potential reversals or consolidation.
Trade Setup:
Entry Strategy:
Short Position: Wait for signs of exhaustion, such as:
Large wicks on higher timeframes (e.g., 4H or daily).
Bearish candlestick patterns (e.g., shooting star, bearish engulfing).
Momentum indicators showing bearish divergence (e.g., RSI or MACD).
Enter a short position near the upper bound of 110200, with partial entries near 101970 if signs of weakness appear earlier.
Stop-Loss:
For shorts: Place stop-loss above 111500, beyond potential fake-outs.
For longs (breakout play): Place stop-loss below 109500, assuming the breakout level holds as support.
Adjust position size based on volatility within the zone.
Additional Notes:
Volume Confirmation: Monitor trading volume—high volume near resistance could signal a breakout, while declining volume might confirm a reversal.
Macro Events: Watch for macroeconomic news or crypto-specific developments that could drive speculative momentum in this region.
This setup assumes high volatility and requires active monitoring for precise entries and exits.
Look up!True story there's not enough YFI for everyone and it hit 90k before BTC just saying.. 🤷♂️
"You know yfi and btc have different supply/market cap scenarios right???"
"Ya, but... but.. but.." BOOM
Yahh ummm Number still go up bra! it don't matter to the memeholics so then why should I care ya know?
Soooo little time with sooo little coin. You tell me if that matters! Every Bitcoin Maxii from here to to the moon blabs about it none stop! "Olny 21Mil Only 21Mil! BTC Digital Gold!
Oh ya?? So tell me Circulating supply 33.60K YFI whats that make YFI then?
"One coin to rule them all until there is wait two or three... Oh wait there's another one!!!"
YOLO Moonboyz 🌛 If you feel so inclined to do so.
🚽👄Toilet Mouth: "Why do all your post say Short!?" or a bunch of "BUT, BUT, BUT"
⭐Not my job to tell you to buy or sell entries matter to most I only care about my exits.
⭐Let each person determine their cost to acquire and choice to play or not.
No Advice to give just thoughts that I can't shake after the last 8 years in the world of "CRYPTO"
Things 🤷♂️ #Fixed IDK!
🙏 FOR JUST A HEALTHLY PULLBACK!
""KEEP CALM AND MANAGE THY RISK & BALANCE your Senses!""
I am The CoinSLayer 👨💻😈
You have been warned by The Coin SLayer!
P.S. Now witha bag!
P.S.S. well two or Ten
BNB one of the strongest non MEME non BTC crypto - verge of pumpBNB has been one of the strongest crypto assets through the bear market.
BNB has continued to BURN tokens via their buy backs
Weekly MACD was supported at 49 level and never dropped below it all year
MACD has stayed positive this year and is currently going through a bullish divergence
CZ is back and BUILDING
Target will be above the 5.618 FIB - my target is anywhere above that - the exact range will be determined more in real-time based on the path we take.
Good luck everyone - wish everyone the best!
$TIA Preparing for a Final Push to ATHsBINANCE:TIAUSDT is gearing up for one last push. I've added positions on the monthly retest and will be scaling out above $12.
Previous entries are sitting below $5, so feel free to check my earlier posts for the full context.
I believe the 7.2 zone will become the new range low, and it's looking reasonable to target new all-time highs (ATHs) from here. This opens the door to dreaming about even more ambitious targets.
MYRO Long Spot Trade (Meme Sector Opportunity) Market Context:
The meme sector is poised for a second wave of interest, and MYRO has yet to fully capitalize on this trend. With a forming uptrend, MYRO presents a compelling opportunity for upside expansion.
Trade Details:
Entry Zone: Around $0.13.
Take Profit Targets:
First target: $0.16
Second target: $0.22
Third target: $0.31
Stop Loss: Daily close below $0.08.
This setup aligns with a growing meme narrative, offering favorable risk-to-reward potential.
BITCOIN Holding the level - 98000Let's not discard the rally just yet. I see the buyers are still present but the overhead supply is a matter of concern.
So, here is my view:
Support level - 98000
As long as the price does not close below 97500 on the hourly chart, this is still a buyers' controlled setup.
Supply zone - All time high is the only and a very strong rejection zone. BTC will find it very hard to hold and break above ATH. So I am not very convinced about the upside momentum.
Possibility:
BTC could slowly further move up here and should form a base.
The consolidation around the drawn levels could be a nice place to play long or wait for the base breakout above ATH.
This is not a recommendation.
Bitcoin Pushed Past $100kMarket Update - December 6, 2024
Bitcoin breaks contain: The price of bitcoin surged past the $100,000 mark on Wednesday night, setting off celebrations within the digital asset ecosystem.
XRP surpasses Tether’s USDT to claim the third spot in market cap: A new regulatory regime in the United States has boosted the coin’s prospects.
Trump chooses crypto advocate for next SEC chair: President-elect Donald Trump has selected Paul Atkins, a long-time crypto industry advocate, to lead the Securities and Exchange Commission.
Alex Mashinsky pleaded guilty to fraud related to Celsius’ collapse: Facing up to 30 years in prison, his plea represents a broader reckoning after the 2022 crypto winter.
DMM Bitcoin will cease operations after a $305M hack, transferring accounts and assets to SBI VC Trade next year: The hack, linked to suspected Lazarus Group activity, caused widespread service disruptions and financial losses.
Bitcoin Surges Past $100K Mark As Momentum Continues
The price of bitcoin surged past $100,000 on Wednesday night, breaking through significant selling resistance to reach an all-time high around $104,000 before dipping back below $100,000 Thursday afternoon. Still, the price of bitcoin has risen nearly 50% over the past 30 days, driven by steady spot bitcoin ETF inflows, continued buying from Michael Saylor’s MicroStrategy, and anticipation of a crypto-friendly administration from president-elect Donald Trump.
Bitcoin’s push past $100,000 set off a series of celebrations in the crypto community and served as a victory lap for bulls that endured a 2022 crypto winter that saw the price of bitcoin drop below $17,000. Now just two years later, traditional financial actors have increasingly embraced crypto, with analysts setting a $120,000 near-term price target. Analysts at Bernstein said the price could reach $200,000 by the end of 2025.
During an interview at the DealBook Summit on Wednesday, Federal Reserve chair Jerome Powell added more legitimacy to the asset class by comparing it to digital gold. The market price of bitcoin measured in gold has hit 39 ounces, an all-time high.
“It’s just like gold, only it’s virtual, it’s digital,” Powell said. “ People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar, it’s really a competitor for gold.”
➕Topic of the Week: Polymarket: A Decentralized Prediction Market
🫱 Read more here
BITCOIN $250K - Get Ready to Get RichHello everyone!
Today, I’m excited to dive into my latest analysis of the Bitcoin cycle, showcased through a weekly view chart that breaks away from conventional wisdom. Rather than adhering to the often-disputed parabolic curves that have been a staple in crypto charts since 2017—curves which have consistently either underperformed or overshot the mark—I'm bringing something different.
My analysis is based on a trend line that I've meticulously tracked since 2013. This line has proven incredibly resilient, never once being undercut as of now in 2024. This steadfast pattern leads me to an ambitious yet attainable target: Bitcoin reaching USD 250,000. This projection suggests more than a doubling from our current position within this cycle’s parabolic phase.
Interestingly, the duration of these parabolic phases has been extending with each cycle:
427 days in 2013,
525 days in 2017,
567 days in 2021.
Based on this pattern, I anticipate the current cycle will span approximately 600 days, concluding around the end of 2025.
I’d love to hear your thoughts and predictions. Where do you see Bitcoin heading in this cycle? Let’s discuss below!