DXY doing Cycle Wave 2, now inside the Wave C about to break SupHello everyone,
In this scenario the DXY has finished the Wave Cycle Wave 1, with 5 Waves (Ending in September 2022), and now it is doing the Wave 2.
Inside the Wave 2, we encounter ourselves inside the Wave C already.
The Wave C is about to break the 100 support area, and targeting at least 92 target.
The 92 target is the minimum move that it needs to perform, since it will be the same lenght as the Wave A.
Knowing this, we expect to see other Assets rise as the Dólar falls in the upcoming months
Cryptomarket
From Breakout to Boom: The Future of Bitcoin and AltcoinsNow price created H&S with means the price can react to this situation and breaks the neckline and will go up. and also , the price can follow the butterfly pattern and go up.
The cryptocurrency market is growing as expected, with the overall market value (covering Bitcoin, Ethereum, and altcoins) indicating a breakout. This development paves the way for a major upward trend in the coming months.
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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!!
BTCUSD Trend continuation after a correctionThe recent BTCUSDT surge following CZ's release from jail could serve as a catalyst for a continued bullish move. The current market structure shows the formation of higher highs and higher closes, signaling positive momentum. After bouncing off the 53,000 support level, the price has rallied toward current resistance levels. On the daily chart, the price broke and closed above the previous resistance, suggesting a potential trend shift.
This breakout could mark the beginning of a new bullish phase. A pullback is likely, and if the price rejects the support level and holds the upward trendline, further upward movement could be expected
Alikze »» XRP | Rising triangle pattern🔍 Technical analysis: Rising triangle pattern
- It is in the supply zone in the daily time frame.
- An ascending triangle is now formed.
- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.
- After the failure of the supply area, it can continue its growth until the next supply area.
- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of one dollar.
- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.
💎 Alternative scenario: In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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FLOKI: The prospect of increasing?BINANCE:FLOKIUSDT
FLOKI is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.000195 Stay tuned for more updates, thanks.
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(Update) !!! in close view (12h)in close view (12h)
As you can see in the chart, after breaking the Triangle, the price fell to the support zone, and from now on, the price can follow the butterfly pattern and go up. Maybe...
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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!!
Bitcoin Analysis - What Shall we Expect !!!BINANCE:BTCUSDT
As you can see in the chart, after breaking the Triangle, the price fell to the support zone, and from now on, the price can follow the butterfly pattern and go up. Maybe...
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
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TOTAL3 is time to continue push UP 1. Cup and Handle Pattern:
The highlighted region resembles a cup and handle pattern, which is generally considered a bullish continuation pattern.
The cup part spans from around mid-2021 to mid-2023, while the handle is forming after the cup's completion, indicating potential consolidation before a breakout.
The rounding bottom of the cup shows accumulation after a downtrend, signaling a reversal in trend.
2. Breakout Target (1.618 Fibonacci Extension):
The projected target is marked with a 1.618 Fibonacci extension, a common tool used to predict possible upside after a breakout. This level is approximately 1.618 trillion USD.
The price has already started moving upwards after the handle formation, suggesting a breakout might be underway.
3. Current Market Situation:
As of the latest candle in the chart, the total market cap excluding BTC and ETH is sitting at 634.208B USD.
There’s a notable surge of about +12.91% in the current period, which aligns with the idea of bullish momentum taking over after the handle's formation.
4. Bullish Flag (Handle):
The handle portion seems to form a bullish flag, which is a continuation pattern that confirms the overall uptrend.
Once the price breaks the handle's resistance, the expectation is a rapid increase in market cap, potentially reaching the target shown.
Conclusion:
The chart indicates a bullish outlook for the altcoin market (excluding BTC and ETH).
The cup and handle pattern is one of the strongest continuation patterns, and with the market currently showing signs of strength, a breakout could take the market cap towards the 1.618 trillion USD target if the current trend persists.
However, be mindful of market sentiment and global macroeconomic factors that can affect crypto markets.
AAVE retesting cup&handle breakout, 300% to ATHAAVE is looking bullish after breaking out of some key technical patterns. First, we had a large descending wedge, which is a textbook bullish reversal pattern. The breakout from this wedge was followed by a cup and handle formation, another strong bullish signal.
Now we’re moving toward some key Fibonacci levels. The 0.382 Fib level at $289 is the first major target, representing an 80% gain from the breakout. Then, we have the 0.5 Fib level at $354, a 118% profit mark, and finally, the 0.618 Fib at $427, which signals a potential 135% gain. If the momentum stays strong, the final stretch would be a test of the all-time high (ATH) near $667, a 300% move from the entry point around $162.
AAVE has momentum, but we should watch closely as it approaches these Fib levels, especially the $289 and $354 marks.
In summary: AAVE has made a powerful breakout, but keep your eyes on those key Fibonacci levels for potential resistance. Always manage your risk as this could be an exciting, but volatile, ride.
Disclaimer: Trading is like surfing—fun, but you might wipe out. This isn’t professional advice—always do your own research and consult a pro before diving in!
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook:
During the recent weekly market activity, Bitcoin surpassed the completed Interim Coin Rally at 64900 but encountered resistance before reaching the subsequent significant target, which was noted at 67000. However, the prevailing market sentiment suggests a potential retracement to the Mean Support level at 64400, with the possibility of an extension before commencing the primary recovery and advancing into the subsequent phase of the bullish movement.
$VELO - A Bullish Chart Velodrome is perfectly positioned for the next bull run. Healthy upmoves with strong volumes are providing a glimpse of what VELO's movement in the next 12 months might look like. The team is solid, extremely aggressive, and rapidly expanding across all Superchain member chains.
The chart highlights some major resistance levels.
I wouldn’t be surprised if VELO reached a $5-10 billion market cap by the end of this bull cycle. If this becomes reality, the token could multiply by 30-50x, placing the unit price around $3-5 per token.
Trading Signal For DOGEUSDT Trading Setup:
There is a Trading Signal to Buy in DOGEUSDT Dogecoin (h4)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.1222
⭕️SL @ 0.1152
🔵TP1 @ 0.1434
🔵TP2 @ 0.1588
🔵TP3 @ 0.1842
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.
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DreamAnalysis | Understanding Liquidity Pools in DeFi EP03✨ Welcome to the Third Lesson of DeFi Education!
🔄 In the previous session, we discussed liquidity pools and understood that they serve as a source of passive income. Today, I want to talk about how profits and losses occur in liquidity pools.
👀 Common Scenarios in Liquidity Pools
The most common scenario is when the prices of the two tokens in the pool remain stable, allowing users to earn income solely through transaction fees.
🔼Price Increase Scenario
The second scenario occurs when both tokens increase in value equally. For example, in the ETH-BTC pool, if Bitcoin and Ethereum both rise by 20%, the user not only earns fees but also benefits from the increased value of their tokens.
📉 Price Decrease Scenario
In the next scenario, both tokens may decline in price equally. Here, the user still earns transaction fees, but the overall value of their Bitcoin and Ethereum holdings decreases.
📊 Asymmetrical Price Movement
If one token significantly outperforms the other, the number of tokens held by the user decreases, and they miss out on the potential profits from that token's increase. Conversely, if one token experiences a substantial drop in value, the user's assets become more concentrated in that depreciating token, leading to potential losses.
🧠 Understanding Optimal Strategies
These various scenarios can arise for users when creating liquidity pools. As you progress in this education series, you will gradually learn how to identify the optimal conditions to maximize your profits.
⏰Upcoming Topics
In the next session, I will cover different types of liquidity pools, such as liquidity pool staking, to gradually guide you into the world of DeFi with real money.
❌Disclaimer
The information provided in this lesson is for educational purposes only and should not be considered financial advice. Liquidity pools and DeFi investments involve significant risks, including potential loss of capital. Please conduct thorough research and consult with a financial advisor before participating in any DeFi platforms. The channel and its creators are not responsible for any financial losses incurred.
Alikze »» BAND | Descending channel failure🔍 Technical analysis: Descending channel failure
- It has been moving in a downward channel on the daily time frame.
- It is currently in the supply zone with the breakdown of the descending channel.
- In case of a pullback to the broken structure and maintaining the 1.17 area, it can continue its growth until the next supply area of the 1.75-1.95 range.
In addition, in case of failure of the supply zone of 1.75-1.95 range, the upward movement will continue towards the next supply zone, which can touch the 2.60 range.
💎 Alternative scenario: In addition, if the 1.17 range is broken down, the bullish scenario will be invalidated and can continue the correction up to the 0.97 area.
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BINANCE:BANDUSDT
AAVE Triangle BreakoutAAVE has successfully broken out of a triangle pattern, confirmed with strong volume, signaling a potential bullish continuation.
🎯 Target: The next major target is the resistance level. This aligns with historical price action and provides a solid opportunity for further gains.
BTC Daily UpdatedBTC on the daily is holding above the 150 simple moving average and continues to check it for support. BTC is also following a rising trend. RSI held above the 14 ma. I expect more bullish action from these indications.
Not financial advice
Do your own DD.
Thanks for looking at the idea.
ETHUSDT Reclaims 200 EMA: Eyes on $2500-$2600 Resistance!Ethereum (ETH) has successfully risen above the 200 EMA on the 4 hour Chart for the first time since July. signaling a potential bullish reversal. This critical indicator often marks a shift in market sentiment, and ETH's current price action suggests we could see significant upward movement.
Currently, ETH is facing a key resistance zone between $2500 and $2600. A breakout above this level could unleash further bullish momentum, with the next target to watch being $3000, which could be within reach as momentum builds. As we monitor this potential breakout, it's important to keep an eye on volume and momentum for confirmation, as a strong push through resistance will strengthen the bullish case.
Always keep stop loss!!
A Detailed Guide for New Traders!Technical Analysis: A Detailed Guide for New Traders
Technical analysis (TA) is a trading method used to evaluate and predict the future price movements of assets like stocks, cryptocurrencies, commodities, or forex, by analyzing past market data, primarily price and volume. It differs from fundamental analysis, which looks at financial metrics like earnings, revenue, and overall economic conditions. For beginners, here’s a breakdown of technical analysis and its essential tools and concepts:
1. Price Charts: The Foundation of TA
Price charts are visual representations of an asset’s price over a specific period. There are different types of charts, but the most common are:
Line Charts: Show the closing prices over time.
Bar Charts: Display the open, high, low, and close prices (OHLC) for each period.
Candlestick Charts: Similar to bar charts but more visually intuitive, displaying the same OHLC data with colored “candles” for up or down movements.
Candlestick charts are the most popular among traders because they provide more information and are easier to interpret visually.
2. Key Concepts in Technical Analysis
a. Trends
A trend is the general direction in which the price of an asset is moving. Understanding trends is crucial in technical analysis because traders aim to follow the market’s momentum. There are three types of trends:
Uptrend: Prices are generally increasing, making higher highs and higher lows.
Downtrend: Prices are decreasing, making lower highs and lower lows.
Sideways Trend (Range): Prices move within a specific range without a clear upward or downward direction.
b. Support and Resistance
Support: A price level where an asset tends to stop falling due to increased buying demand.
Resistance: A price level where an asset tends to stop rising due to increased selling pressure.
These levels are essential for identifying potential entry and exit points for trades.
c. Moving Averages
Moving averages (MAs) are a simple way to smooth out price data over a specified time period to identify trends more easily. There are two main types:
Simple Moving Average (SMA): The average price over a set number of periods (e.g., 50-day or 200-day SMA).
Exponential Moving Average (EMA): Gives more weight to recent prices, making it more responsive to new information.
Traders use MAs to determine the overall trend, and crossovers (e.g., when a short-term MA crosses a long-term MA) are often seen as buy or sell signals.
3. Indicators and Oscillators
Indicators and oscillators are tools derived from price and volume data to help identify potential trends, reversals, and overbought or oversold conditions.
a. Relative Strength Index (RSI)
The RSI measures the magnitude of recent price changes to evaluate whether an asset is overbought or oversold. It ranges from 0 to 100:
Above 70: Overbought (price might be too high, possible reversal).
Below 30: Oversold (price might be too low, possible reversal).
b. Moving Average Convergence Divergence (MACD)
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of an asset’s price. It helps traders identify changes in the strength, direction, and momentum of a trend.
MACD Line: The difference between the 12-day and 26-day EMA.
Signal Line: A 9-day EMA of the MACD Line.
Histogram: Shows the difference between the MACD Line and the Signal Line.
A crossover between the MACD Line and the Signal Line can signal buying or selling opportunities.
c. Bollinger Bands
Bollinger Bands consist of a moving average (middle band) and two outer bands that are two standard deviations away from the middle. The bands expand and contract based on market volatility. When the price moves toward the upper band, the asset might be overbought, and when it moves toward the lower band, it might be oversold.
4. Chart Patterns
Chart patterns are formations created by the price movement of an asset, and traders use them to predict future price movements. Some common patterns include:
Head and Shoulders: A reversal pattern that signals a change from bullish to bearish or vice versa.
Triangles (Ascending, Descending, Symmetrical): Continuation patterns that suggest the price will break out in the direction of the current trend.
Double Top and Double Bottom: Reversal patterns indicating that the price may reverse its current trend after testing a support or resistance level twice.
5. Volume Analysis
Volume refers to the number of shares, contracts, or lots traded during a particular period. It can confirm trends or warn of potential reversals:
Rising volume during an uptrend confirms the strength of the trend.
Decreasing volume in a rising trend can indicate a weakening trend and potential reversal.
Volume spikes often occur at trend reversals.
6. Risk Management
No trading strategy is foolproof, and technical analysis is not a crystal ball. To succeed, you must manage your risk:
Stop-Loss Orders: Automatically sell a position if the price moves against you by a certain amount, limiting your losses.
Risk-Reward Ratio: Determine the amount you're willing to risk for a potential reward. A typical ratio is 1:2, meaning for every $1 risked, you aim to make $2 in profit.
Position Sizing: Only risk a small percentage of your total capital (e.g., 1-2%) on a single trade to prevent significant losses.
7. Combining TA with Fundamental Analysis
While technical analysis is valuable, many traders combine it with fundamental analysis to get a complete picture. For instance, in the stock market, technical analysis might show that a stock is oversold, but if the company’s fundamentals (earnings, revenue) are strong, it could be a buying opportunity.
8. Conclusion
Technical analysis is a powerful tool for traders to predict price movements and make informed trading decisions. However, it requires practice and patience. Start with the basics, use demo accounts to test your skills, and never forget to manage your risk.
For beginners, mastering the key concepts like trends, support and resistance, moving averages, and common indicators like RSI and MACD will set you on the path to becoming a successful trader.
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#Crypto #Bitcoin #bullrun