BTC Technical analysis: BTC has experienced a sharp rejection near the $60,000 mark, as indicated by the strong red candle in the last few hours. The RSI has dropped significantly, moving from overbought territory back towards the mid-40s, signaling a potential slowdown in buying momentum. The MACD also shows a bearish crossover, with the histogram dipping into negative territory, suggesting that bearish pressure could intensify in the short term. Watch for support around the $58,500 level; if it breaks, we could see further downside.
Cryptomarket
Trade Setup: DUSK Long PositionMarket Context:
$DUSK is potentially forming a double bottom in a high-conviction zone, suggesting a possible bounce. A break above $0.20, followed by a retrace to support, could signal a continuation of bullish momentum.
Trade Setup:
Entry: Around $0.19 - $0.20.
Take Profit:
First target: $0.283
Second target: $0.35
Third target: $0.4083
Stop Loss: Daily close below $0.16.
📊 Look for confirmation of a higher high and reclaim of support for bullish momentum. #DUSK #CryptoTrading #TechnicalAnalysis 🎯
Trade Setup: MYRO Long PositionMarket Context:
Meme coins are showing potential as bullish sentiment re-enters the crypto markets. MYRO is trading in a critical zone where bulls need to hold to maintain momentum. A shift in market structure could offer a clean entry for traders.
Trade Setup:
Entry: Around $0.091.
Take Profit:
First target: $0.13
Second target: $0.1789
Third target: $0.23
Stop Loss: Close below $0.071.
📊 This trade has potential for strong upside with careful risk management. Watch for signs of trend reversal. #MYRO #MemeCoins #CryptoTrading 🎯
Trade Setup: SUSHI Long PositionMarket Context:
CRYPTOCAP:SUSHI has reclaimed a key support zone at $0.548 and held above it for the past week, indicating strong acceptance. A potential break of the current trend could offer a medium-term trade opportunity.
Trade Setup:
Entry: Ladder into the position between $0.57 and $0.60.
Take Profit:
First target: $0.73
Second target: $0.86
Third target: $0.965
Stop Loss: Daily close below $0.495.
📊 This setup offers a favorable risk-reward ratio. Keep an eye on price action and adjust your position as needed. #SUSHI #CryptoTrading #RiskManagement 🎯
Bitcoin's Accumulation Phase Signals Breakout Potential🤖🚀 Bitcoin's Next Move: Accumulation Phase Signals Breakout Potential! 💡🌐
Hey everyone, it’s been a while since Bitcoin has been moving sideways, consolidating in a classic accumulation phase. We’ve seen buyers and sellers taking their positions, and the anticipation is building for Bitcoin to make a significant move. The big question is: will Bitcoin break higher, or is there still a chance to buy at lower levels?
From mid-March until now, BTC has been consolidating, and according to my book, whales might be looking for another opportunity to buy in the GETTEX:48K to $53K range—a zone that was recently tested earlier this month. Particularly, on Monday, August 5th, we saw a dip where liquidity was quickly absorbed between GETTEX:49K and $53.5K. During that week, the whales took advantage and feasted on over-leveraged traders, reinforcing the importance of staying cautious with leverage.
So, what’s next? Could we see a push towards $68K and then $79K, or will the whales trigger another shakeout below the $56K mark? The market is at a critical point, and the next few weeks could be decisive.
What do you think? Will Bitcoin break out, or is there more accumulation ahead? Let me know your thoughts in the comments below!
One Love,
The FXPROFESSOR 💙
BTC SHOWS NEW BREAKDOWN DATASince yesterday, BTC has shown a new data breakdown, and we are checking if this trend can be confirmed.
This data did show just some times since the existence of BTC, and did break down or crash every time it did target. We are now exactly at the same data, so let's see wat will happen.
BITCOIN / UNDER BULLISH PRESURE - 4HBITCOIN
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level at 55,101 .
Turning Level: The price is currently trading above this level around 55,101 . As long as it remains stable and stays above this level, a rising toward the resistance level (1) is likely . However, if the price breaks under this level and a 4-hour candle closes below it, an downward move toward the support level (1) can be expected.
support Level (1) : around 51,322 , The price is currently above turning level . To reach this level, the price needs to break and close a four-hour candle below the turning level at 55,101 . If the price reaches 51,322 , and stabilizes below it, it will likely attempt to reach support level (2) .
support Level (2): When the price breaks through support Level (1) and closes a 4-hour candle below it, this suggests it could reach around 47,703 . To confirm an downward , the price needs to reach this level before moving on to support Level (3) at 44,845 .
Resistance Level (1): As long as the price remains above the turning level of 55,101 , it suggests a rising towards 61,267 . If the price reaches this level and stabilizing above it, it will likely attempt to reach resistance Level (2).
Resistance Level (2): When the price breaks through resistance level (1) and closes a 4-hour candle above it, this suggests it could reach around 65,742 . To confirm an uptrend , the price needs to reach this level before climb on to resistance Level (3) at 69,670 .
Channel Trend: the trading rate within the descending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 61,267 , 65,742 , 69,670 .
SUPPORT LEVEL : 51,322 , 47,703, 44,845 .
Trading Signal For XAUUSD Trading Setup:
There is a Trading Signal to Buy in Gold XAUUSD h1
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 2500.0
⭕️SL @ 2476.8
🔵TP1 @ 2550.8
🔵TP2 @ 2600.2
🔵TP3 @ 2649.0
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.13-Aug.19(ETH)Weekly market recapLast week, the U.S. Department of Labor released CPI data for July, which was slightly better than expected. Afterwards, U.S. stocks started an upward trend that lasted for a week, and gold recently refreshed its ATH, further pricing in interest rate cuts. The performance of crypto market has been weaker than other markets, with BTC and ETH almost at the same price level as a week ago. On Friday, Powell will speak at the annual meeting in Jackson Hole. The market has basically acquiesced that interest rates will be cut in September. The point of disagreement is whether to cut interest rates by 25 bp or 50 bp.
Cash-flows to the BTC ETF and ETH ETF have been subdued over the past seven days. This is in contrast to the US stock market. It seems that the enthusiasm of traditional funds for crypto is gradually declining. This also reflects that funds may be flowing to other assets.
Unlike BTC, ETH performed more weakly last week. Still in a downward trend overall. There was barely any rebound from the bulls, with trading volume significantly below past averages. The ME indicator maintains the bearish trend and the yellow wavy area widens further. On the WTA indicator, like BTC, there is no blue column representing whales.
To sum up, we believe that ETH may remain volatile this week, with the downside probability being greater than the upside. We maintain our original resistance level of 2800 and support level of 2400.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Aug.13-Aug.19(BTC)Weekly market recapLast week, the U.S. Department of Labor released CPI data for July, which was slightly better than expected. Afterwards, U.S. stocks started an upward trend that lasted for a week, and gold recently refreshed its ATH, further pricing in interest rate cuts. The performance of crypto market has been weaker than other markets, with BTC and ETH almost at the same price level as a week ago. On Friday, Powell will speak at the annual meeting in Jackson Hole. The market has basically acquiesced that interest rates will be cut in September. The point of disagreement is whether to cut interest rates by 25 bp or 50 bp.
Cash-flows to the BTC ETF and ETH ETF have been subdued over the past seven days. This is in contrast to the US stock market. It seems that the enthusiasm of traditional funds for crypto is gradually declining. This also reflects that funds may be flowing to other assets.
As we predicted last week, BTC remains fluctuating, with the price remaining the same as it was 7 days ago. The strength of the bears has diminished but the strength of the bulls has not increased. Both bulls and bears are waiting for new trend confirmation. So all indicators are calm. The blue columns representing whales does not appear on the WTA indicator. The ME indicator shows a slight bearish trend due to long-term fluctuations.
In summary, we believe that BTC will continue to remain fluctuating this week, and volatility may increase on Friday. We maintain our original resistance level 62000 and support level 52500.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Supermoon Effect: Can it Propel Bitcoin to New Heights?Bitcoin has exhibited its first sign of revival, sparking the question: is this a genuine resurgence, mirroring the May 15th breakout, or a brief rebound akin to the June 30th false break? Interestingly, the recent supermoon event has prompted me to consult the moon phase indicator, which suggests a heightened likelihood of a sustained upswing, potentially propelling Bitcoin to the upper bound of the channel.
Aug 19 and week's overview.Overview:
The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable.
Global Liquidity: Growing, which is bullish.
Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness.
Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline.
Weekly: Range trading with no divergence.
Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move.
4h: No significant changes or divergences.
1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity.
Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis.
Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash.
Bear Case: Swing traders may turn bearish and start selling off.
Fear and Greed Index: Rising, currently at 46.14 since August 16th.
Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%.
Opportunities:
AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain.
UPCOM:FTM : Has reached its weekly resistance at $0.4.
Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided.
Follow for daily updates.
First 100 followers receive free market analysis and signals subscription.
BTC/USDT 4-Hour Chart Update !!BTC/USDT is testing a crucial resistance zone around $61,400 – $62,000 within an ascending triangle pattern. A successful breakout above this level could lead to a continuation of the uptrend. However, if the price fails to break out, a return to support levels around $58,400 or $52,408 could occur. Traders should monitor volume for confirmation of any breakout.
BTC/USDT 4-hour chart, focusing on key support and resistance levels, moving averages, and chart patterns.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
BTC Trend AnalysisBTC is showing strong bullish momentum on the hourly chart, with a significant breakout above the $60,000 level. This surge comes after a period of consolidation, indicating potential continuation towards higher resistance levels around $62,000. Key support now lies at $59,000, where buyers may step in if a pullback occurs. Watch for sustained volume to confirm this uptrend.
Crypto total market cap direction is still higher.Want to make that post, a bit contrarian, my timeline is filled by bearish post about world war, recession and pandemic.
I'm probably too optimist or dumb for that.
All crisis were priced in one day.
Market recovering, gold ATH indicates liquidity inflow and interest rates going down.
Up is the way, maybe not that immediate or high.
Potential bottom on Week TFGALA at potential bottom after at least 3 impulse waves down (at week chart). Feels like even in the worst scenario bounce to ~0.03 is something that should happen in any case once correction to those 5 bearish months starts.
Bullish scenario would be return back to 0.06 as it plays role of the top of that HTF range. And where is the top, there is a chance for breakout ;)
DAR forming a bottomDAR is trending. Seems like whales are trying to push it back above 2023 close, and next step will be moving it above March close at 0.25775 - same level is the top of accumulation range. Week close above it ~0.275 should be a trigger to pump this thing up.
Week chart
And this is month chart. Not bad.
Wait for RARE pullback before buyingRARE pumped by 367% in one Week 🚀 Looks like a good start to reverse from downtrend. But buying late is the worst thing you can do. So its worth to wait for pullback.
Most interesting zones to buy the dips are ~0.19 and ~0.13-0.12
First one will be touched in any case, but hard to predict if there will be a quick bullish bounce, or just a small one, followed by second leg down. So watch it closely.
Second zone much more interesting. Might require a week or two to get there.
Month chart very promising. Good chances that 2025 will be bullish for RARE
Gold : short-term price action trading signalTrading Setup:
A Trading Signal is seen in the Gold XAUUSD
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 2500.0
⭕️SL@ 2512.0
🔵TP1@ 2474.5
🔵TP2@ 2441.0
🔵TP3@ 2396.6
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 .