Arweave ($AR) Reversal in Play: Eyeing $60!BINANCE:ARUSDT (Arweave) is showing signs of a potential reversal after the week of November 4th. While I’m a bit late to the entry, I’m watching for an optimal entry point to capitalize on potential upside.
Strategy:
Entry Point: Looking to enter below $22
Confirmation: I plan to buy on a weekly close above $23.4. This would confirm the reversal and suggest stronger upward momentum.
Target Price: Aiming for $60 in the medium-to-long term, should the bullish momentum continue.
Cryptomarket
FET ANALYSIS🔮 #FET Analysis - Both Side Scenario 🚀🚀
💲💲 #FET is trading in a Symmetrical Triangle Pattern. If the price of #FET breaks and sustain the higher price then will see a pump otherwise it will retest the support zone first and then a reversal can come in #FET📈
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#FET #Cryptocurrency #Support #Resistance #DYOR
RAY ANALYSIS📊 #RAY Analysis
✅There is a formation of Descending triangle pattern on 8hr chart 🧐
Pattern signals potential bullish movement incoming after a breakout.
👀Current Price: $4.845
🚀 Target Price: $5.333
⚡️What to do ?
👀Keep an eye on #RAY price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#RAY #Cryptocurrency #TechnicalAnalysis #DYOR
Litecoin the Rumpelstiltskin of Crypto Ready to Wake UpI hope Santa treated everyone well for the holidays. It’s been a while since I’ve shared some TA, I thought it might be good to check out a dark horse which has been showing some signs of life and a bit of buzz lately. Dino-Coin everyone loves to hate – Litecoin.
On the LTF (1D) Point and Figure, the formation is currently printing a reaccumulation pattern, with strong support consolidating around the $97 handle after printing a Shakeout Spring pattern to the $87 handle in Phase B, a subsequent test of that support at the $97 handle, and a Jump Across the Creek (JAC) in Phase C.
The horizontal price count suggests a potential near-term move to the $140 from a Sign of Strength (SOS), with the potential to cap out the Buying Climax (BC) at the $170 handle.
Given Bitcoin PA appears to be in Phase E of a distribution pattern targeting the $87,000 handle, it’s possible the $87 handle would be tested during this Bitcoin distribution cycle.
Should Litecoin break support at the $97 handle and successfully retest support at the $87 handle, the horizontal price count in this scenario suggests a potential near-term move to the $129 from a Sign of Strength (SOS), with the potential to cap out the Buying Climax (BC) at the $170 handle.
A break below $86 would show a Change of Character from accumulation to distribution, which would invalidate the formation.
Always remember this is not trading advice.
Outside of that, Happy Trading.
Is Bitcoin Preparing for a Retracement?Bitcoin has seen an extraordinary surge of over 100% between September 6th and December 18th, reaching the $100,000 milestone for the first time in its history.
This significant increase can be attributed to various factors. The election of Donald Trump as U.S. President, known for his pro-Bitcoin stance, played a notable role. Additionally, Elon Musk, a key figure in American business and a cryptocurrency enthusiast, has also influenced Bitcoin's surge positively.
Geopolitical tensions, particularly involving Israel in the Middle East and escalating conflicts in Ukraine, have further fueled demand for Bitcoin and other cryptocurrencies. Many retail and institutional investors are turning to Bitcoin as a safe haven amid global uncertainty.
Currently, Bitcoin is experiencing a slight retracement, trading at around $93,000, which is just below the 23.6% Fibonacci level.
Potential Bearish Movement
From a technical standpoint, several indicators suggest a possible bearish retracement for Bitcoin in the coming days.
A sell opportunity may arise if Bitcoin price breaks below the ascending trend line on the daily chart. Here are the key levels to watch as potential targets for a sell:
$87,000: This aligns with the 38.2% Fibonacci retracement level, making it a natural target for a potential sell.
$80,500: This region corresponds to the 50% Fibonacci retracement level, serving as another potential sell target.
$74,000: Coinciding with the 61.8% Fibonacci retracement level, this could act as the final target for a bearish move if the price declines.
Alternative Scenario for an Upswing
Conversely, there is a possibility that Bitcoin may continue its upward trajectory. This bullish scenario hinges on the price maintaining support at the 23.6% Fibonacci level and breaking back above $100,500. If these conditions are met, Bitcoin could challenge its all-time high, approximately $108,000, and potentially target the $110,000 level.
A Conservative Buying Approach
A more conservative buying strategy could be considered if Bitcoin retraces to the 61.8% Fibonacci level, around $74,000. This level is significant, as it represents a previous resistance point that may now act as support.
Key Considerations
It’s essential to remember that Bitcoin behaves differently from traditional assets, with its upward and downward trends often lasting longer. Traders should be prepared for potential volatility as the market continues to react to both technical indicators and external factors.
Careful analysis and strategic planning will be crucial as we navigate this dynamic landscape.
Disclaimer
74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
Alpha/UsdtBINANCE:ALPHAUSDT
🔹 **Current Price:** $0.0839
🔹 **Resistance Levels (if price holds):**
- 🚀 **$0.0950**
- 🚀 **$0.1034**
- 🚀 **$0.132**
🔹 **Support Levels (if price doesn't hold):**
- 📉 **$0.0750**
- 📉 **$0.0645**
---
### 🚀 If the price stays around **$0.0839** and pushes higher, the next resistance levels are **$0.0950**, **$0.1034**, and potentially up to **$0.132**. If the price tests these levels successfully, it could indicate a strong bullish momentum. 💥
### 📉 If the price falls below **$0.0839**, the support levels to watch are **$0.0750** and **$0.0645**. If the price breaks these levels, there might be further downward movement. ⚠️
---
This is just a technical analysis and is **not financial advice**. Always do your own research (DYOR)! 📊
Correction On Cryptos Can Last A bit Longer.
Cryptocurrencies are still in consolidation, and one of the reasons for these pullbacks or slow price action across some coins is the lower volatility caused by the Christmas and New Year holidays. Another key factor contributing to Bitcoin's recent weakness is the sell-off in US stocks at the end of last week. The correlation between Bitcoin and the Nasdaq 100 remains intact, and I believe there’s potential for further weakness in Bitcoin, possibly down to the 90,000 area, especially if stocks continue to consolidate.
What about ALTseasons everyone is desperately waiting on?
In a risk-off environment, even altcoins are unlikely to produce significant gains. It’s extremely difficult, almost impossible to see an ALTseason when there’s both a risk-off sentiment and a declining Bitcoin. For an altseason to emerge, we need a risk-on environment while bitcoin is consolidating...
Grega
Warning: Bitcoin Could Trigger an Economic Collapse This opinion might not be popular—especially here on Tradingview—but it’s worth discussing. Blind faith in Bitcoin can be dangerous, and today I want to shed light on the risks it entails. This post isn’t about creating fear but rather about encouraging critical thinking and risk assessment.
As a supporter of cryptocurrency and Bitcoin myself, I’ve observed a troubling trend: people are rushing to buy Bitcoin at any price, ignoring a crucial possibility—it might be the largest financial pyramid ever created, with the potential to collapse the global financial system. Here’s why:
Key Risks Associated with Bitcoin
1. Software Vulnerabilities
Bitcoin relies on software developed by the Bitcoin Foundation. This software is not infallible and could contain bugs or even be exploited maliciously. While these wouldn’t compromise the blockchain itself, they could lead to massive theft of funds, triggering a price crash and eroding public trust.
2. Quantum Computing Risks
Current cryptographic security is robust, but computational power is advancing rapidly. Quantum computers pose a theoretical threat to Bitcoin’s encryption. While developers are preparing for this, transitioning to quantum-resistant technology is far from guaranteed to be seamless.
3. Lack of Real-World Use Cases
Bitcoin is often compared to gold, serving as a store of value rather than a functional currency or technological tool. Unlike gold, which has practical applications across industries, Bitcoin’s value hinges entirely on preservation and speculation. Is that enough to sustain its growth?
4. Potential Financial System Collapse
Bitcoin is now deeply intertwined with traditional finance. ETFs like BlackRock’s funnel massive amounts of investor money into Bitcoin. As long as new funds flow in, prices soar. But BlackRock doesn’t care about Bitcoin’s fate—it simply follows the money. If outflows begin, BlackRock will sell, accelerating a price crash. A 90%+ drop could trigger a financial system-wide crisis, impacting everyday people’s savings and investments.
5. Market Manipulation
The crypto market operates in a “Wild West” environment with limited transparency. Institutional and retail investors control 56% of Bitcoin, and Satoshi Nakamoto’s wallet alone holds 5.2% of all BTC. These entities can manipulate prices, short the market, and crash prices for profit without facing any repercussions. In traditional finance, this would lead to prosecution. In crypto? They remain untouchable.
Reality Check: No Risk-Free Investments
There’s no such thing as a risk-free asset or flawless technology. Bitcoin’s allure is built on a dream, but that dream must be scrutinized. Stay alert and cautious.
As for me? Despite these risks, I’ve invested in Bitcoin and held it for a long time. Will I continue? Time will tell. I believe Bitcoin has only two potential outcomes: MIL:1M + or $0. Let’s hope the risks I’ve outlined are nothing more than the ramblings of someone writing at 9 AM. Good luck to all of us!
Yours sincerely,
Mister iM
UP "Please provide a meaningful and detailed description of your prediction..." Says Tradingview
Up. It go up. Why? Idono the same as you do or do not know. It's the simple things I think that makes dollars sound like soundness of mind. While lil Timmy has been working hard to get a few bucks to buy his favorite dog coin he heard about at lunch yesterday in middle school.
Asking a fool like me what to buy with his allowance. Who isn't looking for a return nowadays I guess even at 11 we need to make 1000x gainz because "10 years!?" "That's forever!" he and any other like minded person may say to me. I think all they heard was the "10 Year" Part...😋
Ya know? One things for sure we are all counting dollars when this or whatever thing you think will make you money moves up or down. Hummmmmm Maybe there's something to that whole I need a dollar thought?🤑
I bet it would be carzy to see the Yield on the 10 year US GOV Bonds run up to 16%.
What kind of future are we all living in when that happens??? Asking for this 11 year old thats asking me what the next best coin is from here....
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
BITCOIN 1 HR POSSIBLE SCENARIOS 🚨 BITCOIN 1-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1:94650
• TP2: 95150
📉 Downside Targets:
• TP1: 93380
• TP2: 92400
So we have to watch out for $93900- $9400 level. If BTC stays below then you can target downside targets and if above then you can target above levels mentioned as TP(take profit)
Keep an eye on key levels and trade smart! 💹
What’s your take? Drop a comment below and share this with your trading crew! 🚀
BITCOIN (BTC) Setting Up for One Last Dip Before 200kCurrently, CRYPTOCAP:BTC is about to tag the equal lows at 92.1k, but I’m not betting that level will hold. I’m more focused on the opportunity if CRYPTOCAP:BTC drops into the low 80ks. It might be a bit ambitious, but I’ve been waiting since the tap at 107k.
I expect this move to unfold before mid-January. By halfway through Q1, we could start to see some market strength, with a potential target of 198k for BTC. MARKETSCOM:BITCOIN
BTC Eyes New Highs: A Momentum Reversal Indicator PerspectiveAs we step into the final days of the year, all eyes are on the flagship cryptocurrency, Bitcoin ( BINANCE:BTCUSD ). December has historically been a pivotal month for BTC, often setting the tone for the new year's crypto trends.
Let’s explore if Bitcoin is primed for a bullish breakout, consolidation, or a reversal as we close out 2024! 🚀
Bitcoin ( BINANCE:BTCUSD ) is gearing up for another potential surge, with the TD Sequential indicator flashing bullish signals across multiple timeframes. This analysis dives deep into the monthly, weekly, and daily charts to pinpoint high-probability entry points and profit targets for swing traders.
The Bullish Convergence
When we examine the long-term picture, a compelling narrative unfolds. The monthly chart shows a clear transition from red (bearish) to green (bullish) setups, culminating in Green Setup 3 — developing an uptrend with room to run before exhaustion sets in.
Zooming into the weekly timeframe, we see a recent Green Setup 3 followed by a brief pullback (Red Setup 1) and a renewed push higher (Green Setup 1). When the Green Setup 1 holds, it confirms the bullish bias and offers an early entry opportunity for swing traders.
Finally, the daily chart reveals a decisive shift in momentum. A Red Setup 6, signaling potential downside exhaustion, has given way to a Green Setup 2, confirming the nascent uptrend.
Pinpointing Entry and Targets
With the bullish backdrop established, let's identify precise entry points and profit targets.
Entry : Ideal entry points occur on price flips (e.g., Green 2 closing above Green 1) or breakouts above resistance levels, preferably with Green Setup 2 or 3 on the daily chart for confirmation.
Stop-Loss : Place your stop-loss below the nearest support level. This could be the TI Setup Trend Support line on the monthly chart, the recent swing low on the weekly chart, or the Green Setup 1 low on the daily chart.
Take-Profit : Aim for Fibonacci retracement levels and resistance lines. On the monthly chart, the target resistance is near Green 8 or Green 9. On the weekly chart, look for prices approaching swing highs or Fibonacci extensions (e.g., 161.8%). Utilize shorter-term resistance levels on the daily chart for partial profit booking.
Confirmation is Key
While the TD Sequential provides a robust framework, it's prudent to incorporate other indicators for confirmation.
RSI : Ensure no overbought conditions exist on the higher timeframes. Bullish divergence on the lower timeframes strengthens the trade setup.
Moving Averages : Crossovers like the Golden Cross (50-day MA crossing above the 200-day MA) support a bullish trend.
Trendlines : Breakouts from consolidation patterns aligned with TD Sequential signals offer high-probability entry points.
The Bold Prediction
Bitcoin appears poised for a significant rally based on this confluence of factors.
3-Month Projection : BTC will likely approach or exceed the resistance level corresponding to a Green 8 or 9 on the monthly chart.
6-Month Projection : If the bullish momentum persists, expect substantial upside, with BTC breaking prior resistance levels and testing higher Fibonacci extensions. Potential gains of 15-25% from the current price could unfold.
Disclaimer : This article is intended for educational purposes only and does not constitute financial advice. Conduct your own research and manage your risk responsibly before making trading decisions.
PENGUIN in Support?Price has reached a crucial moment as it touches the major support trendline (green) after an extended downtrend. The MA200 (blue line) touched price, and this intersection with major support could present an interesting turning point.
Watch closely for price action around this level. Potential bounce or breakdown will determine the next directional move. Always maintain proper risk management and wait for confirmation before taking positions.
#crypto #technicalanalysis #trading #PENGU
BTC ANALYSIS🔮 #BTC Analysis 🚀🚀
💲💲 #BTC is trading in a Ascending Broadening Wedge Pattern. And we can expect a pullback towards its support area and then a pullbacks from support zone.
💸Current Price -- $93,780
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#BTC #Cryptocurrency #DYOR
ETH cooling off?ETH broke a fib level of 0.786 at 3,406 now on a downtrend towards the 0.618 level at 2,866 in the monthly. Weekly fib, floating right under 3,406 bounced off a 3,213 support.
Quick conclusion, on a cool downtrend watching the 2,866 fib level if it breaks the 3,213 support. On the Daily currently showed a reverse double stop, rejecting price forcing it down. Now cooking in a triangle on the daily on a downtrend which usually indicates bearish signals. Zoom out still trending up, watching the 3,406 fib level for uptrend signals.
Don't forget what, and who you're doing this for. Remember to always to take your profits, DYOR, and invest only what you can afford to lose. My stuff is never any financial advice, i just post my opinions of stuff that i am on, goodluck, and happy holidays!
Bitcoin Must Correct Around 60K Before Any More GrowthIt seems to me like Bitcoin is overdue for a correction, probably to 58K - 65K levels. It seems pretty hard to imagine that it will go much higher until this correction takes place. Stoch RSI looks very heavy on the weekly. It will be interesting to see if alts tank as well, or if this will signal the beginning of alt season. Let's wait and find out.