BTCUSDT:1 Hour AnalysisHello friends Bitcoin seems to have reached the weekly resistance area and we can expect a small correction to the indicated area and then climb up to the center of the weekly area, if confirmed we can open a sell position and then we can expect if Confirmation of an open buy position.
Cryptomarket
Massive Bull Flag on the Daily & Weekly, The breakout of this Bull Flag is going to bring BTC once again to heights we have yet to see. When we use a Trend Base Fib Ext, we can see the next Golden Pocket sitting up at $85.600. This is a continuation of the monster Cup & Handle we broke out from earlier this year.
BTCUSD range brakeout setup - high RRHi guys,
New charts, new me.
This is my range brakeout setup - executed when Israel-Lebanon tensions passed.
The demand is showing signs of interest with M5 LPOS failure.
If this setup breaks 64300 - we should initiate the rip.
Let me know if you like it and want more like this.
PS. The SL displayed is very risky, just under the breaker candle, so it can be swept, dont bet your house on it :D
BTC Outlook: Eyeing 69K with Potential Correction to 62K-61KGM Crypto Bro's, happy weekend! This morning, the fear and greed index is at 54 (neutral), and the stoch RSI remains in the overbought area. Overall, the outlook remains the same as yesterday’s market update. The next potential pump could take BTC to around 69K, but stay cautious of a possible correction, which might drop BTC to the 62K-61K area.
Keep in mind that the market is dynamic—don’t fall into FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
Long Position on APTUSDT 1H / (Volume Projection)BINANCE:APTUSDT
COINBASE:APTUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
5.96
6.05
6.15
6.25
6.32
6.45
6.52
6.60(In Optimistic Scenario)
➡️SL:
5.6
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
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BSVUSD - Cheap Bitcoin @ $43.30For the majority of August, AMEX:BSV has been trading in discounted territories based on the monthly dealing range high and lows @ $57.23 - $32.52 with there only being two days throughout the month seeing the daylight of premium prices.
This insinuates that smart money sellers are profiting more than the buyers this month, with this period in time being the best time to close out their short positions and wait for premium prices.
CRYPTOCAP:BTC and AMEX:BSV tend to move in-tandem to each other so if my CRYPTOCAP:BTC bullish bias plays out going into next week (please refer to my most recent CRYPTOCAP:BTC analysis), it will strengthen the narrative of relative equal highs located above the $44 region being attacked with the goal of repricing up to the last up-close candle (deemed as a rejection block) @ $45.87
Set your alert for $44.91.
This is Equilibrium
Any price above is a discount
This is a good chance for aggressive scalpers to yield a potential 12%* (accounting for a short-term pullback into the daily SIBI that has been rebalanced)
I don't want to see price close below $39.93 going into next week as it will be back to the drawing board
Trading Signal For Trading Setup:
A Trading Signal is seen in the EURUSD Currency Pair.
Traders can open their Buy Trades NOW
ZENUSDT Horizen (H4) (spot)
⬆️Buy now or Buy on 8.30
⭕️SL @ 7.36
🔵TP1 @ 10.77
🔵TP2 @ 12.40
🔵TP3 @ 14.88
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.
If you liked our ideas, please support us with your likes 👍 and comments .
XRPUSD to the moon?The break of 0.63250 is still in progress...
There are a few confluences that are signalling a bullish scenario playing out
1. Price could finally closed above the minor resistance at 0.60138 it only has a day and less than 20 hours to close, which could mean at the break of the high, the range towards 0.63250 could be filled
2. There is a Golden Cross
3. A new higher low/support formed at the breakout level, signalling a break and retest play
4. Three Successive bullish candles
5. USD weakness due to anticipated rate cuts
Let's see if the current weekly candle will close above minor resistance level. 🚀🚀
VANRY Price Update & Analysis in a Daily Timeframe.Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
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~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
The beginning of August was tough for the crypto market, and VANRY suffered along with it. The price dropped as low as $0.0675 but managed to close at $0.0772, creating strong support.
VANRY has shown a decent rebound of 42% from the support level and is likely to test the $0.1455 resistance channel. The price has already broken above the dotted resistance trendline and the 21 EMA.
Key levels:
- Primary Support: 21 EMA and the dotted trendline at $0.0980.
- Lower Support: $0.0768.
- Primary Resistance: $0.1455.
- Long-term Target: $0.3937.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
XrpUsd - Please trade this triangle!BITSTAMP:XRPUSD is again rejecting the triangle formation - time for a bullish breakout!
Just one month ago, I told you that XrpUsd is preparing a bullish rejection and a triangle breakout followed by an insane bull-market. So far this is playing out exactly as predicted and XrpUsd is outperforming 95% of all other cryptocurrencies. Please just listen to me and take a look at the triangle pattern. If it breaks then we can see a similar rally as we saw back in 2013.
Levels to watch: $1.00
Keep your long term vision,
Philip - BasicTrading
Bitcoin - The Dip Takes No Prisoners!I doubt it will go below $58k. So stop thinking another pullback will come to re-enter back in. That's not going to happen, 55k was the second best entry option for those who missed the retest at 50k.
Time to look for another entry closer to 58-59k
The price action is very telling and, for the most part, the bottom is in. Will we get a double confirmation on another retest of 53-54k? Not likely.
Slow climb from here to leave everyone on the sidelines!
BTCUSDT 15m🔍 BTC/USDT Short-Term Analysis: 15-Minute Timeframe 📉
The BTC/USDT chart on a 15-minute timeframe highlights important upcoming dates where short-term price movements may present trading opportunities:
• August 23, 2024, 09:30, August 24, 2024, 04:15, August 26, 2024, 20:00 - Red Lines: These dates and times mark potential local peaks. Traders should consider these as moments to take profits or reduce exposure, as the price might face resistance or a downturn.
• August 23, 2024, 19:00, August 25, 2024, 04:15 - Green Lines: These dates and times indicate potential local lows, offering favorable conditions for accumulating BTC or entering long positions.
By aligning your strategy with these key dates and times, you can better position yourself to capture gains and manage risk effectively in the BTC market.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Trade Setup: GRT Long PositionMarket Context:
GRT is currently breaking out of the top of its range support level, offering an opportunity for a potential long position if this breakout is confirmed.
Trade Setup:
Entry: Long trade between $0.15 and $0.16.
Take Profit:
First target: $0.20
Second target: $0.247
Stop Loss: Close under $0.1445.
📊 This setup takes advantage of the breakout opportunity while managing downside risk with a tight stop loss. Keep an eye on the breakout confirmation for a solid entry. #GRT #CryptoTrading #Breakout
Ethereum (ETH) Consolidation Continues, Potential Breakout AheadCurrent Situation:
Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be.
Trade Position:
Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the significant move occurs.
Key Level to Watch:
Support Level: $2,350 – This is the critical area to monitor if a downside flush happens.
Stay vigilant and prepared for potential volatility as the consolidation phase unfolds.
#Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Consolidation #SupportAndResistance #Breakout #Volatility
Traders bet big on US election with $345M in optionsMarket Update - August 22, 2024
Harris policy adviser talks digital assets: Speaking at a Bloomberg roundtable event, Kamala Harris policy adviser Brian Nelson said Harris will support policies to grow crypto and other emerging technologies.
Spot bitcoin ETF holdings total $4.7 billion: Goldman Sachs and Morgan Stanley invested in BlackRock's iShares Bitcoin Trust, among other ETFs.
Bitcoin crossed over $61,000 as volatility remains high: With the Federal Reserve's interest rate decision looming, traders are cautious about future price movements.
Tether has launched its USDT stablecoin on the Aptos blockchain: The move comes as Tether’s main competitor, Circle, announced that USDC will soon have tap-to-pay functionality enabled.
Traders have invested heavily in bitcoin options linked to the US election, with over $345 million in open interest: The majority of the interest is in call options, suggesting traders could be anticipating potential record highs in bitcoin.
The SEC has rejected Cboe BZX’s filings for two proposed spot Solana ETFs, citing concerns about Solana's classification as a security: The decision has halted the approval process, with VanEck and others still vying to launch Solana ETFs.
▶️ Read more here
⛰️ Topic of the Week: What is Mt. Gox?
Dogecoin : Pattern Breakout or Fake Breakout ?Trading Setup:
There is a Trading Signal to Buy in DOGEUSDT Dogecoin (h4) (futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.1017
⭕️SL @ 0.0960
🔵TP1 @ 0.1213
🔵TP2 @ 0.1288
🔵TP3 @ 0.1436
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.
If you liked our ideas, please support us with your likes 👍 and comments .
Fantom : ascending triangle patternTrading Setup:
A Trading Signal is seen in the FTMUSDT Fantom (1h) (fuutres)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.388
⭕️SL @ 0.368
🔵TP1 @ 0.440
🔵TP2 @ 0.493
🔵TP3 @ 0.545
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.
If you liked our ideas, please support us with your likes 👍 and comments .
Aug 22Overview:
The S&P 500 corrected by 1.17%, as more turbulence is expected in its attempt to break the all-time high (ATH). The chances of a 1.73% rise on Friday are slim, but we still have one more week of a relatively calm August to set some bull traps. Thursday saw a correction for BTC, but it managed to hold the crucial $60.2 level, attempting to break it three times. This establishes a new range of $60.2 to $63.1, where some long positions could be taken with a properly tight stop-loss (SL).
Over the last three weeks—specifically on Sunday, the 4th, 11th, and 18th—BTC has closed with red candles, highlighting the strength of the bears, who appear to be preparing for the upcoming week by selling BTC. There's no indication this week will be any different, so consider holding long positions until Sunday, then look into taking profits or even shorting.
Weekly (W) : For the fourth week in a row, we’re holding the $58.2 level. Wicks are attempting to push lower, but the bulls remain strong. This still allows some room for a bullish scenario if we can break and hold the $63.1 level. However, with a potentially difficult September ahead, there's little to suggest extreme optimism towards this risky and still relatively alternative asset. No divergence observed.
Daily (D): The main event on the daily timeframe is BTC’s escape from the daily range and breaking the Bollinger Bands moving average (BB MA). However, if we consider more recent daily levels, the trading range widens, and BTC has yet to break out of it, with resistance at $61.6. No divergence observed.
4-Hour (4h) : No divergence or signs of a reversal. BTC is approaching its sixth attempt to break the $61.6 resistance.
1-Hour (1h): Showed some weakness in its attempt to break and stay above $61.6, as bears activated and pushed it down. It’s now trading below the BB MA.
Alts Relative to BTC: Altcoins have been pumping at twice the rate of BTC. NEAR, SUI, APT, TAO, and FTM are all up by 4-7%. This growth is expected to continue through Friday and into the weekend.
Bull Case: Same as yesterday. We believe BTC has found its bottom, and once more liquidity flows into the market, possibly following an interest rate cut, BTC will rally. The combination of the last week of August, followed by a small correction, could lead to further gains.
Bear Case: The economy may be in worse shape than anticipated, and even with four interest rate cuts by the end of the year, we could still be in a recession.
Fear and Greed Index: Currently at 48.45, slightly lower than yesterday’s 49.59. This is surprising, given that BTC has been on the rise for the last three weeks since the crash.
Prediction: Expect growth in the last week of August, followed by a slump in the first two weeks of September, and then a downturn.
Opportunities: On the weekly (W) and 4-hour (4h) charts, watch for divergences in major alts like BINANCE:NEARUSDT NEAR, BINANCE:APTUSDT APT, BINANCE:ARUSDT AR, $BINANCE:RNDRUSDT RNDR, BINANCE:TAOUSDT TAO, and BINANCE:FTMUSDT FTM. All have RSI above 70. Wait for Friday to see if MACD divergences emerge as this initial push weakens and they approach weekly resistance levels.
BTC Short Term Swing Short into Bullmarket Long. (56k)In this video, I break down a strategic short-term swing trade that could be catalyzed by the upcoming speech from Federal Reserve Chair Jerome Powell. Such events are known to introduce significant market volatility, offering a prime setup for a potential trade.
We'll analyze key levels that could signal a strong entry point, with a particular focus on a long trade that may pave the way for a broader bullish trend. This analysis aims to position us ahead of market movements, enabling us to capitalize on any emerging opportunities.
Stay tuned as I detail how to approach this setup with precision. If you're looking to enhance your trading strategy and stay ahead of market shifts, this is a must-watch.
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