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BTC Faces 60K Resistance: What’s Next?GM Crypto Bro's, this morning BTC still hasn't managed to close the daily candle above 60K. The fear and greed index currently sits at 28 (fear), while the stoch RSI is lingering around the overbought area. In terms of price action on the H4 timeframe, BTC has a chance to continue its correction to around the 57K - 56K area. If BTC pumps after this correction and closes above 60K, the chance for a move to 64K - 65K becomes stronger. But keep in mind, the market is dynamic—don’t be caught up in 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.
INDEX:BTCUSD
by x_Akki
BTC Technical analysisThis 2-hour CRYPTOCAP:BTC chart is showing a classic inverse head and shoulders pattern, which typically signals a bullish reversal. We can see that the right shoulder is currently forming, and if the pattern plays out, the price target could be around $64,000. The RSI has dipped below the midline, indicating a brief pullback, but it’s still in a healthy range. The MACD is in a bearish phase, but it could be signaling a potential bottom. Keep an eye on the neckline around $59,000; if BTC can break above that, it could confirm the bullish move.
by Crypto_CAT1
BTC Trend AnalysisCRYPTOCAP:BTC is currently experiencing a sharp drop, with the price now testing the $58,300 support level. This level has been significant in the past and will be crucial in determining the next move. If CRYPTOCAP:BTC fails to hold here, we could see a further decline towards the $57,000 area. On the upside, resistance is forming around $59,500, and breaking above it could initiate a recovery. Monitor these levels closely as the next moves could set the tone for the upcoming days.
by Crypto_CAT1
WILL HISTORY REPEAT ITSELF AGAIN? This is my map and guide when to buy bitcoin. The answer is NOW! The same pattern happened everytime before we saw a major pump. 1. PUMP from the lows of bull run all the way up to support and resistance on 1 MONTH time fram. 2. REJECTION OF SUPPORT AND RESISTANCE before halving. This rejection lead to smaller correction with drop of fear and greed index down below 20 = PERFECT OPPORTUNITY 3. BREAK ABOVE SUPPORT AND RESISTANCE 4. RETEST = CONFIRMATION currently I'm waiting for price break below 53.000$ to start buying more and more. There is also a possibility that we will see price falling lower to 36.000$ - 46.000$ area. I'm already buying crypto assets with lower amounts of capital but once we see the scenario mentioned above, this will be my signal to get in action. Imagine the fear if we fall and close below local low of 53.136$ . This could lead to extreme fear on the crypto market which could indicate the perfect buying opportunity. Take your time, look at the chart and you will see the same pattern happening over and over again. This is only my point of view and not financial advice. DYOR!
BITFINEX:BTCUSDLong
by CLuka
1
SYN/USDT Breaks Downtrend: Bulls Eye $0.95 Next Target !The daily chart for SYN/USDT shows a significant breakout from a descending trendline that has been in place for several months. The pair recently surged, breaking through key resistance levels and signaling a potential shift in market sentiment from bearish to bullish. Currently, the price is hovering around $0.6729, just above the critical support level of $0.6000. The recent breakout above the descending trendline is a strong bullish signal, suggesting that the downtrend has ended, and a new upward trend may be starting. The next major resistance lies at $0.9500. If the bullish momentum continues and the price closes above $0.6000, we could see a strong push towards $0.9500, a key psychological level. Traders should watch for any retests of the $0.6000 support zone, as a successful hold above this level could confirm the breakout and further solidify the bullish outlook. However, failure to maintain this level could see a retracement back towards $0.4043.
Long
by TopGBanks
SNXUSDT ( INSIDE ACCOMULATION ZONE ) ( 4H )SNXUSDT HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 1.395 . Turning Level: The price is currently trading below this level around 1.395 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected. Resistance Level (1): around 1.530 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.395. If the price reaches 1.530 , and stabilizes 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 1.658 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.829 . Support Level (1): As long as the price remains below the turning level of 1.395, it suggests a drop towards 1.226 . If the price reaches this level and stabilizing 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 1.115 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.005 . Channel Trend: the trading rate within the descending channel . TARGET LEVEL : RESISTANCE LEVEL : 1.530 ,1.658 ,1.820 . SUPPORT LEVEL : 1.226 , 1.115 , 1.005 .
Short
by ArinaKarayi
DOTUSDT ( BREAKOUT CHANNEL ) (4H)DOTUSDT HELLO TRADERS Tendency , the price is under downward pressure , until trading below turning level at 4.949 TURNING LEVEL : the price of this level at 4.949 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) . RESISTANCE ZONE : this zone between 5.532 and 5.958 , in order to see this zone the price need breaking turning level at 4.949 , breaking this price indicates an increase and reaching the resistance level (1) at 5.532 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 5.598 , after breaking this zone it will be attempt to reach resistance level (3) at 6.532 , selling have already increase in this zone . SUPPORT ZONE : this zone between 4.012 & 3.595 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 4.012 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 3.595 CORRECTIVE : the price corrective at 4.949, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 5.532 , 5.958 , 6.532 . SUPPORT LEVEL : 4.012 , 3.595 .
Short
by ArinaKarayi
3
BTC more bias to short the pullback upHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. For BTC on higher timeframe it does looks like it is edging lower with Lower lows. h4 has a downwards pointing channel too.Unless it it broke up, if not likely more bias to short. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
ICMARKETS:BTCUSDShort
by Shadowing_The_Big_Boys
Aug 16Overview: The TradFi week is over, and the VANTAGE:SP500 is now just 1.86% away from its all-time high, nearly recovering from the impact of Japan's rate increase. However, CRYPTOCAP:BTC hasn't experienced the same positive price action. It seems big money is feeling more confident in U.S. blue chips than in speculative assets like Bitcoin. So, who will push BTC to $100k? Maybe not this time. Last week, we saw a crash followed by a recovery, but this week the market remained stagnant. It seems to have found a range between $55.9k and $63.1k and might bounce within this range a few more times. Alts Relative to BTC: On August 16th, CRYPTOCAP:BTC grew by 1.70%, but CRYPTOCAP:ETH only by 0.83%, while CRYPTOCAP:SOL dropped by 2.45%, AMEX:NEAR by 1.32%, AMEX:APT by 5.10%, and UPCOM:FTM by 4.59%. As of now, CRYPTOCAP:BTC has continued to grow, but alts haven't recovered at all. It appears that both whales and retail investors (but mostly whales) don't have much faith in an altcoin summer, which also puts CRYPTOCAP:BTC on shaky ground. Bull Case: We're still trading within a range and haven't touched the $63.1k resistance for a second time. The VANTAGE:SP500 continues to grow along with the economy, with expectations of four rate cuts ahead. Bear Case: But with September approaching, some big players will re-enter the market. Historically, September has often seen more stock market declines than gains. Fear and Greed Index: 43.62, slightly higher. W: Range trading. D: Neutral, no divergences. 4h: Even though we've recovered to the highs of August 15th, volume is weak, and we haven't broken through $59.7k. 1h: Divergence. We've hit this resistance for the third time. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
LRC/USDT Main Trend 08/17/2024Main trend (the most visible part). Logarithm. Time frame 1 week. Loopring is an open protocol for building decentralized exchanges. The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity. The chart also shows the dynamic support/resistance zones of the Gann fan (bullish and bearish). It is worth noting that the price is at a significant profit of crypto funds 4-26X, but most of the volume has already been redistributed. Linear for clarity of the trend. Secondary trend
Long
by SpartaBTC
2
LTCUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )LTCUSD HELLO TRADERS inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) . Tendency, the price inside sensitive are between two turning level around 61.61 and 55.90 . Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 61.61 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 65.88 , after by closing 4h candle above it reach a resistance level (2) at 68.41 . Downward Zone: by breaking turning level (2) at 55.90 , the price should be trying to reach support level (1) 49.77 , after stabilizing below this level could further support to reach of as next level at 47.45 . TARGET LEVEL : RESISTANCE LEVEL : 65.88 ,68.41 . SUPPORT LEVEL : 49.77 , 47.45 .
BINANCE:LTCUSD.P
by ArinaKarayi
BCHUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )BCHUSD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 342.80 . Turning Level: The price is currently trading below this level around 342.80 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected. Resistance Level (1): around 371.54, The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 342.80 . If the price reaches 371.54, and stabilizes 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 402.00 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 448.76 . Support Level (1): As long as the price remains below the turning level of 342.80, it suggests a drop towards 309.33 . If the price reaches this level and stabilizing 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 285.31 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3) at 250.56 . Channel Trend: the trading rate within the ascending channel . TARGET LEVEL : RESISTANCE LEVEL : 371.54 , 402.00 , 448.76 . SUPPORT LEVEL : 309.33 , 285.31 , 250.56 .
BINANCE:BCHUSD.PShort
by ArinaKarayi
ARBUSDT ( TRADING BELLOW TURNING LEVEL ) ( 4H )ARBUSDT HELLO TRADERS The current price is trading below turning level at 0.59. Consolidation and holding below this level would provide strong support for a price decline towards the support level (1) of 0.51. However, if the price breaking and a four-hour candle closes above this level, it may lead to a rising towards resistance level (1) . Downward Zone: As long as the price stays below the turning level at 0.59 , ARBUSDT is likely to dropping towards support level (1) at 0.51 . If a 4-hour candle closes below this level , it could push further to 0.42 , then 0.42 . Upward Zone: by breaking turning level around 0.59 , it suggests a increase towards resistance level (1) at 0.67 , confirming a upward trend. If the price stabilizes or stays above this level, there is a strong likelihood of reaching the resistance level (2) around 0.73 or possibly even rising . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 0.59 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 0.67 , 0.73 , 0.82 . SUPPORT LEVEL : 0.51 , 0.47 , 0.42 . Turning level at 0.59 , Time Frame ( 4H ) .
Short
by ArinaKarayi
2
PEPEUSDT ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL )(4H)PEPEUSDT Hello Traders, Currently, the price is in a sensitive area between two turning levels and is attempting to reach turning level (2). Tendency: The price is situated between turning levels 0.000008 and 0.000007. Upward Zone: For an increase, the price needs to correct at turning level (2) and stabilize above it. This should lead to a move towards turning level (1) at 0.000008. To confirm an uptrend, the price must break turning level (1) and reach resistance level (1) at 0.000010. Closing a 4-hour candle above 0.000010 , would indicate a move towards resistance level (2) at 0.000011 . Downward Zone: If the price breaks below turning level (2) at 0.000007, it should then aim for support level (1) at 0.000006. If the price stabilizes below 0.000006 , it may further decline to support level (2) at 0.000005. Target Levels: Resistance Levels: 0.000010, 0.000011 . Support Levels: 0.000006 , 0.000005 .
by ArinaKarayi
Do you see signs of uptrend in BEAMUSDT ?Trading Setup: A Trading Signal is seen in the BEAMUSDT Beam (m15) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.012177 ⭕️SL @ 0.012 🔵TP1 @ 0.012651 🔵TP2 @ 0.012923 🔵TP3 @ 0.013362 #cryptosignal #Crypto 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 .
Long
by pullbacksignal
9
BTC Bottom is in. LongKey Levels and Zones: - Monthly Open (MO): 64,601.8 USDT - Potential Resistance Level: 73,910.8 USDT (Upper bound of the blue shaded area) - Support Zone: Between ~48,000 USDT and ~51,000 USDT - Fair Value Gap/Mitigation (FVG/M): ~51,149.8 USDT (noted within the blue shaded area) - Previous Swing Low (Support): ~48,000 USDT - Previous Swing High (Resistance): ~58,286.9 USDT Trade Setup Explanation: 1. **Current Price Action:** BTCUSDT is currently trading at 51,889.9 USDT, experiencing a strong bearish move after failing to sustain above the key resistance levels. 2. **Support Zone:** The price has entered a significant support zone ranging from ~48,000 to ~51,000 USDT. This area has historically shown buying interest and could potentially act as a demand zone again. 3. **Fair Value Gap (FVG/M):** There's an identified FVG around ~51,149.8 USDT, which may act as a point of interest for institutional buying, aligning with the support zone. 4. **Potential Bullish Reversal:** Considering the heavy sell-off into a key support zone, we anticipate a possible bullish reversal if the price action shows a bullish structure or a significant bounce from the current levels. Trade Plan: - Entry Zone: Enter long positions within the support zone between ~48,000 to ~51,000 USDT. - Stop Loss: Set a stop loss just below the lower boundary of the support zone at approximately 47,500 USDT to protect against a deeper correction. - Take Profit Targets: - First Target (TP1): 58,000 USDT (Previous swing high level) - Second Target (TP2): 64,601.8 USDT (Monthly Open level) - Final Target (TP3): 73,910.8 USDT (Upper boundary of the blue shaded resistance zone) Trade Rationale: The trade setup is based on the expectation of a bullish reversal from a historically strong support zone combined with a potential fair value gap filling. The sharp sell-off provides a favorable risk-reward ratio for a long position as the market seeks equilibrium.
Long
by SerenityEquity
1
Trade Setup: BONK Long PositionMarket Context: BONK is experiencing a pullback after a strong recovery bounce. We anticipate the price to start filling the daily wick before making another move higher. Entry should be carefully timed to manage risk, with clear invalidation levels. Trade Setup: Entry: Ladder into the position between $0.00001714 and $0.00001661. Take Profit: First target: $0.00001853 Second target: $0.00001975 Stop Loss: Conservative approach: Close under $0.00001629. Aggressive approach: Close under $0.00001538. 📊 Adjust your risk management based on your strategy and monitor the market for potential entry triggers. #BONK #CryptoTrading #RiskManagement 🎯
Long
by Richtv_official
Inflation Pulls Back Again, Building Case for September Rate CutTakeaways Inflation cools again: Consumer prices in the US increased just 2.9% in July compared to the previous year, the slowest mark in three years, according to the US Department of Labor. Kamala Harris has overtaken Donald Trump in odds to win the US presidential election on Polymarket: Harris's campaign has reached out to the crypto industry, but it's unclear where she stands on regulating digital assets. Three Arrows Capital’s liquidators have filed a $1.3 billion lawsuit against Terraform Labs: The suit, stemming from losses during the 2022 Terra network collapse, alleges market manipulation by Terraform. Tether hit back at a $2.4 billion lawsuit from Celsius Network, deeming it unfounded and asserting its compliance with prior agreements: The dispute revolves around the liquidation of bitcoin assets to offset Celsius's debt. US spot ETH ETFs experienced $4.9 million in net inflows on Monday, ending a three-day streak of outflows: Grayscale’s ETHE logged zero flows, while VanEck’s ETHV was the only ETF to report negative flows. Grayscale has launched a new fund investing in MakerDAO’s governance token (MKR): The token saw a price increase following the announcement, with the fund structured as a closed-end product available to accredited investors. Inflation Pulls Back Again, Building Case for September Rate Cut The Consumer Price Index increased just 2.9% year-over-year in the US in July, giving the Federal Reserve ample reason to cut the benchmark federal funds rate at their next meeting in September. The Fed uses CPI, which excludes volatile food and fuel prices, as a key gauge to measure inflationary pressures on the economy. They have held rates at 5.3% since July 2023, the highest mark in roughly two decades. Cryptocurrency prices had a muted reaction to the positive report Wednesday, with bitcoin and ether staying relatively flat. Both are widely viewed as “risk assets” that perform better when interest rates are lower. But bitcoin has faced continued selling pressure from defunct exchange Mt. Gox distributing billions in repayments to creditors. On Wednesday, a wallet associated with the US government sent almost $600 million bitcoin previously seized from Silk Road to a Coinbase Prime wallet. Despite the recent volatility, bitcoin and ethereum have had a positive 2024 so far, rising 28.8% and 8.1% year-to-date, respectively. 🖼️ Topic of the Week: NFTs and the Art Industry: A Cryptoart Revolution ➡️ Read more here
GEMINI:BTCUSD
by Gemini
Do you a risk appetizer?hello guys! let's analyze the ILV coin! 1. Market Structure & Key Levels: Current Price: The asset is trading at around $43.37. Possible Hunted Area: The price is nearing a zone that might have liquidity pools where previous stop losses could have been triggered, making it a potential reversal area. Engulfed Area: There is a previously engulfed zone indicating strong selling pressure in the past. This area around $145 - $185 may act as a resistance if the price approaches it again. Key Resistance Level: The chart highlights a major resistance level at $256.30. This level represents an 8x potential gain from the current price. 2. Bullish Potential: 8x Target: The chart suggests a potential move towards $256.30, representing an 837.04% increase from the current price. Reversal Opportunity: If the price finds support in the identified hunted area, a bullish reversal could occur, leading to a significant upward move. 3. Risk Consideration: Potential for Further Decline: Before any potential bullish move, the price might further dip into the possible hunted area, which needs to hold as support to avoid further downside. Summary: Current Price: $43.37. Support Zone: Potential reversal around the possible hunted area. Resistance Zones: $145 - $185: Previously engulfed area, significant resistance. $256.30: 8x target from the current price. Bullish Scenario: If the price holds the hunted area, there is potential for an 8x move toward $256.30. Risk: Further downside is possible if the hunted area does not hold. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
1