BITCOIN HEDGE SHORT POSITION OPPURTUNITY UPDATEBITCOIN gave me reversal signal. I entered the short position the target is marked as 'long zone' i will be looking reversal signs to exit short and open long position.
It is risky hedge short position. The overall #bitcoin is still bullish. I will be scalping short.
It is not financial advice. I am taking calculated risks.
Cryptomarket
UPST BreakoutUPST - Breakout on going
Following an initial pump of 120%, the price action consolidated with higher lows and volatility contraction (VCP). This is the kind of price action we are closely monitoring.
Entry 42.3
Stop loss 40
TP1 30-50%: after 4-5 days
Then Stop follow up (visual) with EMA 10 or EMA 20
Bitcoin hedge short oppurtunity I'm looking some shorts between 64000$-62610$ on #BTC . It is gonna be hedge short for my current long altcoin positions and possible hedge for Isreal retaliation agaisnt Iran during weekend. Im still bullish overall.
I will be looking for strength-confirmations in order to close shorts and open longs in the marked area between 61300$-59000$ on #bitcoin . I am still bullish. We are coming from the daily bullish structer. I am positioning myself to possible weekend drop. #BTCUSD #cryptotrading
Ethereum Holds Steady Amid Volatility, Eyes on $2,800 BreakoutMarket Overview:
Ethereum had a volatile week but ended with a 1% gain, with buyers defending the critical $2,400 support level.
If ETH loses this support, the price could drop toward $2,000, impacting altcoins negatively.
Key Levels to Watch:
Current resistance: $2,800. A break above this level would signal buyers regaining control.
Support: $2,400. Losing this could trigger further downside to $2,000.
Outlook:
Ethereum is showing signs of market indecision, moving sideways. A breakout above $2,800 would end this hesitation and bring back bullish momentum.
#Ethereum #ETH #CryptoUpdate #PriceAnalysis #SupportAndResistance
BTC/USDT NEXT 2-3 WEEKS GAME PLAN 30.09.2024Bitcoin/USD Analysis Update 🪙📉
In our previous outlook, we emphasized the importance of waiting for a clear directional move. Today, we witnessed a breakdown of the bullish trendline that had been holding for the last 24 days, signaling a potential start of a larger bearish structure. I took advantage of the initial breakdown with a quick short trade and am now focusing on positioning for the next major wave.
Current Market Outlook: Bearish 📉
Based on the Elliott Wave Theory (EW) and additional confirmations, it is evident that the trend is bearish on the swing-term (7 days and beyond). Currently, we are in a mini wave 3 of the first larger wave from the recent top. While it's not yet certain whether this is wave 1 or wave A, the upcoming move should clarify the structure. In either scenario, we can expect a strong wave 3 or wave C to unfold, potentially offering lucrative short opportunities.
The accompanying chart outlines my projected path for BTC over the next 14–18 days. The roadmap should help visualize the expected movements, showing key targets where I anticipate the price to reach.
Wave Analysis & Strategy:
Currently, the price is moving in what appears to be the first wave of a new downtrend. If this scenario holds, the initial target for this wave is set between $62,350 and $61,888, where I expect wave 1 to complete.
Once this target zone is hit, I anticipate a pullback to the $64,000–$65,000 range. This pullback will form either wave 2 or wave B, presenting an opportunity to re-enter the short side. My strategy here is to look for short entries around this level, with the invalidation level set at $66,200. If the price reaches this point, it would signal a potential shift in structure, and I would re-evaluate my bearish bias.
Projected Outcomes:
Wave 3 Scenario:
If we are in wave 3, the next major target would be around $59,000 or potentially much lower, depending on the momentum and overall strength of the sell-off.
Wave C Scenario:
If this structure turns out to be wave C, then the move might not go below $61,000–$60,000. The reaction at this level will be critical for determining whether we are in a corrective wave or a more aggressive decline.
Impulsive Move Scenario:
In case this is an impulsive move with a 5-wave structure, it could lead to a more extended downtrend. In this scenario, the main target for the entire downward move is between $57,800 and $56,000. After reaching this zone, I expect a 10-day consolidation period before a significant drop towards the $44,000–$40,000 range. This would mark the completion of a larger degree wave, setting up for a potential medium-term recovery.
Key Levels to Monitor:
Wave 1 Target: $62,350 – $61,888
Wave 2/B Pullback Zone: $64,000 – $65,000
Wave 3 Target: $59,000
Wave C Target: $61,000 – $60,000
Final Impulsive Target: $57,800 – $56,000
Long-term Target: $44,000 – $40,000
Invalidation Level: $66,200
⚠️ Disclaimer: ⚠️
🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
BITCOIN → Bearish Pressure !!!Bitcoin failed to go beyond 63.800 so the price may fluctuate around $60.000 In addition, the bearish wedge shown in the chart can be a negative signal.
Recently analysis
(Daily)
And (weekly)
and
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins.
In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H
- According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area.
- It is moving in an ascending channel in the 8-hour timeframe.
- The 2062 range of wave B correction is over.
- After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued.
- A double top has been created in the area of the channel roof, which has entered a correction phase after that.
- The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range.
After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves.
- In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction.
💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range.
💎Therefore, the second step of the movement can have the goals of 3200 to 3500.
⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️
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KUCOIN:ETHUSDT
Alikze »» SOL | Wave 3 or C scenario - 4H🔍 Technical analysis: Wave 3 or C scenario - 4H
- It is moving in an ascending channel in the 4-hour time frame.
- It is currently in wave 3 or c, which can continue its growth up to the top of the channel.
- A zigzag correction is observed in the corrective microwaves at the bottom of the channel, which has moved a three-wave towards the supply range.
- After that, a 5-wave correction has extended to the bottom of the channel in the golden zone.
- Wave a has a three-wave cycle and wave b has a five-wave cycle.
- Therefore, wave c can extend to the region of the roof of the channel and the red box.
💎 According to the structure, the minimum growth up to the first supply area, the middle range of the channel and after its failure up to the second red box, the ceiling of the channel can continue its growth.
⚠️ In addition, if the region 133.181 is touched, the bullish scenario will be invalidated and should be updated again. ⚠️
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KUCOIN:SOLUSDT
Very Good buying Area in ENSUSDT to make atleast 15%
the pink zones are Monthly zones
and purple for weekly
i belive this weekly zone inside the monthly zone
is a very good price to but
and the price will ladder upwards from here
as you see my stoploss is under the weekly zone
if this zone breaks we are going down , if the price intend to go high
and ladder up it will use this zone so thats why we should but.
Good luck to all of you guys lets see what happens in next weeks.
Alikze »» INJ | Reverse head and shoulders pattern - 12H🔍 Technical analysis: Suspect an inverted head and shoulders pattern
- In the analysis presented in the 12-hour time frame, it was mentioned that in case of selling pressure in the range of $25, the correction will continue until the Fibo range of 1.618 in the range of $18.75.
- It is currently moving in an ascending channel.
- It has faced selling pressure in the middle of the channel.
- Due to the formation of the inverted top pattern, in case of breaking the Fibo 1.618 and stabilizing below the 18.75 area, the correction will continue until the liquidity area and the origin of the movement.
- Therefore, according to the zigzag correction structure, this correction can extend to the liquidity area and complete the correction leg C in the specified areas.
💎 Alternative scenario , if it stabilizes in the range of 18.75, it can grow to the middle of the channel in the first step and then to the range of the supply area of $25.
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BINANCE:INJUSDT
BITCOIN - Detailed important scenario of the last crashOctober 2024 will be the lowest price achieved by Bitcoin in the next 6 months,
The this correction is the latest correction,
The inflation data that was released recently came in at 2.4, higher than expectations, which were 2.3, but lower than the previous reading.
Summary Inflation is falling, but at a slower pace than expected I mean, neither strongly negative nor strongly positive, remember Every correction is a new opportunity
I expect this correnction will continue to the area between 57k - 53k (0.236 fib - 0.382 fib) as shown in chart.
This will not happen directly because before this decline, Bitcoin will rise again to test the 0.618 level 61k shown in the chart, and I will be attacked because positivity will prevail in the atmosphere , but this will be a trap.
When this happens, most currencies will fall at least 20% from this point
Because throughout the history of Bitcoin, the month of October has always been a month of strong rise for Bitcoin and currencies..
Many have high hopes and wait for profits. The US elections are approaching too, and Trump's victory will make all markets rebound then btc will be negative in october positive in November!
To break the myth of uptober
Best regards Ceciliones🎯
Bitcoin - It Will Reach $100.000!Bitcoin ( BITSTAMP:BTCUSD ) will break out soon:
Click chart above to see the detailed analysis👆🏻
Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
XRP Trade idea based of BTC TrendIf BTC remains bearish, or potentially drops further I will be interested in selling XRP
2 Key Price levels I see. The first one is for intraday-ish setups, and the second is for the swing trade idea.
BTC must remain in the current trend to support the idea. Unlike BTC XRP is in a very long range for a quiet bit, that's why if hitting the second price level, I'm looking to buy if HTC candle confirms this idea on such a level.
BTC short idea 4HBTC/USDT on the 4-hour timeframe is showing signs of a rejection from key resistance. This could indicate a potential short opportunity as the price may head towards lower support levels. Watch for confirmation from indicators like RSI turning downward and volume fading to support the bearish momentum. Be cautious of any bullish reversal signals that might appear near critical support levels. 📉 #BTC #Crypto #ShortTrade"
Phemex Analysis #26: BTC _ The Calm before the Storm!PHEMEX:BTCUSDT.P , the digital gold, has been caught in a gripping tale of two ranges. For an extended period, it has danced between the $50,000 and $72,000 mark, a dance that has become almost predictable. Yet, beneath this seemingly mundane rhythm, a storm brews.
The recent plunge to $48,813 on August 5th was a momentary break from this dance. However, the market's swift recovery and return to the familiar range hinted at a deeper underlying tension. This tension reached a crescendo with the September 9th drop and the subsequent rise on September 27th. The range narrowed, a tightening grip that suggested a brewing storm.
A Little Advice for the Market
This consolidation, this calm before the storm, is a double-edged sword. For trend traders and breakout traders, it can be a treacherous landscape. The range's boundaries often become the graveyard of stop-loss orders. Caution is advised until a clear breakout emerges.
On the other hand, range traders have found themselves in a sweet spot. The predictable oscillations between the range's boundaries offer lucrative opportunities. It's a feast for those who can time the market's rhythm.
For those who prefer a more passive approach, strategies like Phemex Neutral Grid Bots can be employed to profit from the market's volatility within the range. However, it's essential to set stop-loss orders to protect against unexpected breakouts.
If you're a long-term believer in Bitcoin's potential, this consolidation might be the perfect time to gradually accumulate more coins or use Long Grid Bots to enter the market incrementally and profit from every price movement.
Conclusion
The Bitcoin market is a complex tapestry, woven with threads of opportunity and risk. As we await the resolution of this range-bound drama, it's crucial to stay informed, adapt our strategies, and, most importantly, remain patient. The storm may be brewing, but the outcome remains uncertain.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Bitcoin ARE WE CORRECTING DOWN & T0 WHERE ???? Hey Traders
I take a quick dive into Bitcoin: currently it appears we are making our way down with some signals from candlesticks such as our lucky hammer which indicates bearish thinking.
Question is where do we go from here and can we punch back up or will sink further down to 50K and below ?
Must watch
Comment, like follow if you liked this video and found it useful or tell me what you think you see will happen with Bitcoin
MB Trader