Cryptomarket
Well $BTC hit my second dip early but didn’t hit the first! This is proving to be much more GRAND than I expected the INFLOW of $ into CRYPTOCAP:BTC spot ETFs and from Alt coins moving less.
But really so much shock and awe is coming! People will continue to buy this retail. And it won’t stop until Christmas is WELL OVER! Don’t short yourself a loss here! If your a day trader go for it but I’d be just Long on small Term trades. Anyway! good luck all and well DONE HODLERS!
Will BTCUSD’s Breakout Lead to a $90K Target?CRYPTO:BTCUSD
Multi-Timeframe Analysis
Current Price: 71,149.92
Bullish Indicators
• Cup and Handle Pattern
• Descending Broadening Wedge
Key Levels
• Strong Pivot Level: 62,500
• Ultimate Resistance: 75,000.00
• Primary Price Target: 90,000.00
Cup and Handle Pattern (Weekly Chart)
On the weekly chart, BTCUSD has formed a Cup and Handle pattern—a classic bullish continuation pattern suggesting renewed buying interest after a period of consolidation. The rounded bottom of the cup indicates strong accumulation, while the handle represents a temporary consolidation before the next upward move. Based on the measured depth of the cup, we find a potential long-term price projection around 120,000.00, aligning with broader bullish expectations in the current trend.
Descending Broadening Wedge (Daily Chart)
Zooming in on the daily chart, the handle section has formed a Descending Broadening Wedge. This pattern is another bullish indicator, often signaling potential for a breakout to the upside as it nears completion. Importantly, the price has recently broken the upper trendline of the wedge, reinforcing the likelihood of an upward movement. Based on our measurement of this wedge, we set a mid-term price target of 90,000.00, supporting the broader bullish outlook indicated by the Cup and Handle.
Monitor Key Support and Resistance Levels:
The strong pivot at 62,500 serves as a critical support level. Sustained movement above this level reinforces the bullish case.
Resistance Checkpoints:
Price momentum toward the ultimate resistance at 75,000.00 will be crucial to confirm the continuation of the bullish trend toward the primary target of 90,000.00.
Happy Trading!
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Crypto VS Equity : Which you will Choose for 3rd Qtr 2024This chart is very interesting for those who are struggling to find the investment opportunities. We have technical charts, And you can see 4 windows, upper two are cryptos and lower two are Indian Equity index.
Now, if we look at the charts, you can easily understand that cryptos are running for this month whereas the equity part is falling , as we all are quick learners, so we can understand what's happening here.
In simple words money is going out of various asset classes, even the gold, Fd's ,equities and being invested or traded with cryptos.
After the US President election Crypto coins are running in optimism. As Donald Trump have positive stance towards cryptocurrency.
And Nobody wants to be left out And so money is getting out of other investment assets.
I love to here your views on this ... use Comment box
#GMX Showing Signs Of Bullish Breakout | Watch These LevelsYello Paradisers! Is #GMX gearing up for a major breakout, or will we see a downward spiral? Let's dive into the latest #GMXUSDT analysis to uncover what's brewing:
💎#GMX is showing strong signals of a potential bullish breakout from the descending trendline, following several failed attempts. The recent price action showed a loss of momentum after facing a sharp rejection at the key $29.09 resistance.
💎The price is heading towards a potential retest of the support zone around $19.6-$20.9. This zone is crucial as #GMX attempts to gather fresh momentum. If GMX manages to bounce off this demand area and break through the $29.09 resistance once more, we could witness a strong upward push, re-establishing a bullish structure. This would significantly increase the likelihood of #GMXUSD surging past the current resistance levels.
💎However, if the price fails to maintain above the $19.6-$20.9 support zone and breaks below, it could trigger a downward movement towards the $17.2 demand zone. This area is relatively fresh and may attract buyers, potentially leading to a sharp rebound if respected.
💎If TSX:GMX slips below the $17.2 level without showing any signs of strength, it would signal a bearish shift, opening the door for an even deeper correction. You should be cautious, as failing to hold this level could accelerate the sell-off.
Remember, Paradisers, trade smart, and avoid emotional decisions.
MyCryptoParadise
iFeel the success🌴
Bitcoin’s Path to New Highs: Targeting the $88,542 - $90,715 RanHello Folks
As Bitcoin continues its bullish momentum, the price action suggests a breakout from key resistance levels, pushing BTC towards new potential highs. The chart indicates a strong uptrend with Bitcoin breaking past significant zones, confirming the strength of buyer interest.
Based on my analysis, the next target for Bitcoin lies in the range of $88,542 to $90,715. This target range is defined by the technical breakout and current trajectory, showing potential for further upward movement. However, as always, traders should remain vigilant for any signs of reversal or correction along the way.
This level will serve as a critical area to watch, where a break above $90,000 could pave the way for Bitcoin to test even higher resistance zones, while consolidation or rejection might prompt a pullback, giving traders an opportunity to reassess entries and exits.
Keep an eye on the price action as we approach this target range—Bitcoin’s journey towards $90,000 is one to watch closely!
Once we reach 90k A new update will be shared
Is #PEPE Ready for another Massive Rally or Not? Key Levels Yello! Is #PEPEUSDT on the verge of a breakout or are we about to see a major reversal? Here's what you need to know right now about #PEPE:
💎#PEPEUSDT is showing strong signs of a bullish continuation as it moves from a key support level toward retesting the minor resistance above. If price action holds momentum here, we could witness a break above the descending trendline, setting the stage for a powerful bullish surge. Over time, we’ve noticed that #PEPE consistently respects this resistance zone, and if momentum sustains, an imminent breakout is on the horizon.
💎However, the bullish scenario isn't confirmed yet. The crucial level to watch is the minor resistance at $0.0000118. We need a decisive break above this level, accompanied by strong engulfing candles and sustained momentum. Until that happens, we must stay cautious and avoid rushing into positions. It’s all about patience in these moments.
💎If #Pepe fails to break above $0.0000118 and loses momentum, the bears may take control. In that case, the key level to monitor is the bullish order block (OB) between $0.0000069-$0.0000074. This zone has already been tested twice and has held strong. If the price rebounds here, the bullish outlook could remain intact.
💎On the other hand, if #PEPE breaks below this Bullish OB, the next target would be the major support at $0.0000059. A fall below that, and the bullish setup would be invalidated, likely triggering a sharp drop in price.
Stay focused, patient, and disciplined, Paradisers! 🥂
MyCryptoParadise
iFeel the success🌴
BITCOIN📊 #BTCUSDT
⏱ TIME: 1D
📝According to the pinned analysis at the bottom of the page (previous post), Bitcoin is currently completing its fifth wave, with its first expected resistance range around $93,000 to $95,000.
If this range is lost, the next resistance level is between $111,000 and $115,000.
If a divergence appears with the RSI indicator at these resistance levels, it could be a signal to enter a sell position.
If the price gets rejected from the specified levels, I will announce the targets and update the analysis.
If you want me to analyze another currency, comment its name. Thank you❤️
PEOPLEUSDT: Strong Momentum on 4H Chart, Targets in SightPEOPLE USDT Analysis:
The PEOPLE (PEOPLEUSDT) chart on the 4-hour timeframe is showing significant bullish momentum, with TP1 already achieved. The trade setup aligns perfectly with strong technical signals and market sentiment, pointing towards a continuation toward higher targets.
Indicator Used: Risological Trading Indicator
Trade Overview:
Entry: $0.06340
Stop Loss (SL): $0.05894
Key Targets:
TP1: $0.06891 ✅
TP2: $0.07783
TP3: $0.08674
TP4: $0.09225
Key Observations:
Rising Trendline Support: The price is respecting a well-defined upward trendline, indicating strong buyer control in the market.
Market Sentiment: A surge in trading volume and a steady stream of bullish candles confirm that PEOPLE is riding a wave of positive sentiment, increasing the likelihood of hitting the higher targets.
Momentum Indicators: Technical indicators show a solid continuation signal, with the price maintaining strength above the entry point.
PEOPLE Coin Outlook:
As PEOPLE moves upward, traders should keep a close watch on TP2 and TP3, as they align with minor resistance levels. The risk-to-reward ratio remains favorable, and if the market sentiment sustains, TP4 could be a realistic target in the near term.
Conclusion:
This long trade setup offers a compelling opportunity for traders looking to ride the current bullish wave in PEOPLE. With TP1 already achieved, the remaining targets present a lucrative potential as momentum builds. Stay vigilant and manage risk effectively!
BTCUSDT Breaks Free: End of Consolidation, Next Stop 100,000?Hey Realistic Traders, let’s dig deeper into the analysis of BINANCE:BTCUSDT !
In the weekly timeframe, Bitcoin is in a bullish continuation phase, potentially marking the start of wave 5. It has also broken out of a Descending Broadening Wedge pattern that formed over more than half a year, signaling the end of a prolonged consolidation phase. Such breakouts from extended consolidation often confirm a continuation of the bullish trend. Additionally, the MACD has shown a bullish crossover , indicating building momentum.
Based on these technical factors, we project a potential upside toward the target at 88,293. Upon reaching this level, a pullback to the green support zone of around 70,000 could occur before the price advances to a secondary target at 104,542.
This outlook remains valid as long as the price holds above the stop-loss level at 56,930.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin.
What is next for BTC?Hi, it has been a long time since my last post but I feel like I should give my thoughts in the future of BTC.
I believe the we will see the same pattern that we had in the 2021 bull run and BTC could potentially hit a new ATH this year. I don't think we will have the strenght to reach 100K but 80K BTC can be done. If this is your first bull run I advise you to trade carefully since the bottom of BTC might still come before the next leg up. In the previous bull run we started strong in the first few months and then slowed down in June and July. I think the same will happen this year (first BTC and then altcoins). If my predictions are correct I will post a BTC chart when its time to sell. Comment what you think and follow please!
Note: This is not financial advice, trade carefully.
Crypto Hedge against Trumpism chaos, destruction and tariffsTrump is going to wreck havoc on the US economy which is why many are hedging against USD with crypto. Inflation, shortages and recession are coming in a few years.
For awhile, Biden policy will prop up USD but once Trump policy kicks in and effects the government, expect food shortages from deportations, recession from tariffs and draconian policy and more wars with Putin unchecked.
Chaos is coming in about year 2 into Trump presidency. Until then I expect positive Biden policies to continue to strengthen US dollar while smart hedgers long crypto the hedge against the chaos that is coming. When not if.
I just sold all my bitcoins after this huge rally that shows noI just sold all my bitcoins after this huge rally that shows no significant volume... the correction on BTC and ETH will be brutal. OR NOT hahaha
It's often a cautious move to exit positions when a significant price surge lacks strong volume, as it can signal a weaker foundation for sustaining the rally.
This can indicate that the market is being driven more by speculation than by robust buying pressure. If a correction does come, it might shake out weaker hands quickly and reset the market with more sustainable trends.
BTC Smashes ATH Price Discovery engaged!Total Market Cap Breakout
The crypto total market cap is poised to breach $3 trillion, fueled by increasing volume and Bitcoin's surge past $81,000 resistance.
Key Indicators
Next significant resistance: 2.618 Fibonacci level around $90,000
Weekly RSI remains overbought, indicating a potential pullback
Trading Strategy
Taking profits below $90,000 in anticipation of possible rejection
Maintaining exposure due to strong upside momentum
Caution: BTC unlikely to break $100,000 on the first attempt given recent rapid gains
Trading Considerations
Watch for rejection at key levels
Pullback potential
Momentum favors continuation
Alikze »» OP | C wave correction🔍 Technical analysis: C wave correction
- It has been moving in an upward channel in weekly and daily time.
- It is currently moving in a downward channel.
- The last upward wave was a complete cycle of 5 waves, which was able to grow to the size of 0.78 of the previous wave, which then formed a corrective structure.
- At present, the current corrective structure is a three-wave that can have two behavioral scenarios.
💎 First scenario: If the current zone cannot stabilize above the golden zone, wave C can extend to the specified PRZ zones (each of the PRZ zones can be a return zone). Therefore, if the current area is not maintained, the downward trend can continue.
💎 The second scenario: if it encounters demand in the golden zone, it can continue an upward trend in the form of a rising wave 3 or C, which at first can conquer its previous major ceiling and then continue to grow until the supply zone.
If the behavior and structure of the post changes, it will be updated.
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BINANCE:OPUSDT