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Bitcoin’s Breakout Pattern Continues – Is $120K Next?MARKETSCOM:BITCOIN Quick Update Bitcoin is showing strong momentum — each time it accumulates, it breaks out to a new level. This "accumulate and explode" pattern has played out cleanly three times already. Now, BTC is consolidating just under its all-time high. If this range holds, another breakout could be coming soon. The structure remains bullish as long as price holds above the $103K zone. A clear break above ATH could send it toward $120K and beyond.
Long
by unichartz
7
BTC Futures : My first attempt with a target price of 0Hello friends; I think not believing in Bitcoin is as natural as believing in Bitcoin. I can't express my opinion here with moving averages and/or RSI levels. The Beyond Technical Analysis might make sense for this trade. If we are wrong, what is important here is our position and risk management. We do not open a transaction to say "I told you so". I cannot explain this with any technical analysis method, blockchain data, etc. Technically; everything that will be built based on this is the same as building a sand castle. I don't think Bitcoin has an equivalent. If we consider serious inflation rates, it is obvious that people will have much bigger and more vital priorities than buying Bitcoin or other cryptocurrencies. I am not even talking about electricity costs. I definitely don't think it can be in the same class as Gold. This trade alone offers us a very good risk/reward ratio. I chose the contract covering the next period ending on May 30th, not the continuous CME contract, in order to save time. A good place for a first try. I will definitely try something similar. I don't think I will have any views other than the short side in the future. For years I have been asked, "If you don't believe us, why don't you open a short position?" I will try to achieve this. So there's also an experimental side to this. HIGHLIGHTS We are closing our position before the contract switch date of May 30, 2025, without looking at the price. If necessary, we will try again in the next contract. The value of 113690 is our stop value. We end our trade at this value. We choose the smallest value as the position size. If you expect something to be 0, you should choose trading instruments that evaluate your position in currencies rather than in BTC value. I chose CME because it is suitable for this. Contracts that are further away are definitely not liquid. It may be difficult to find buyers even at high values. Target : 0 Absolutely no margin addition. Best regards.
CME:BTCK2025Short
by Noldo
1
TradeCityPro | Bitcoin Daily Analysis #100👋 Welcome to the 100th Bitcoin Analysis! I'm really happy we've shared this 100-day journey together, and I hope you've been able to benefit from these analyses along the way. 💥 Every single analysis I've posted so far has been the basis for real trades that I've taken myself. I'm glad to say the overall result of those trades has been profitable, and I hope your results have been positive too. ⚡️ Today, I want to do a full multi-timeframe breakdown of Bitcoin and other major crypto indices. Let’s dive in and see where the market stands. 💰 Bitcoin Analysis 📅 Weekly Timeframe As you can see, in the weekly chart, Bitcoin reacted to an ascending curved trendline during its recent correction phase and retraced up to around 72,147. 💫 On the RSI, we also have a key support level at 44.75, which has held again. The combination of this support with the curved trendline has created a potential PRZ (Potential Reversal Zone), and price has since resumed its upward move. ✔️ Last week’s candle managed to close above the resistance at 104,919 for the first time ever. Many in the market expected that a weekly close above this level would trigger a sharp rally toward 130,000 or even 160,000. 📊 However, that hasn’t happened—this week’s candle is still small and lacks strong bullish momentum. ✨ We can now view the range between 104,919 and 108,454 as a resistance zone. Although the price has entered this zone, we haven’t yet confirmed a breakout. That confirmation would come with a weekly close above 108,454. 📈 Despite the strong momentum before breaking ATH, price seems to be losing steam now. That’s not necessarily bad—it’s actually expected, since this area is one of the most important supply zones for Bitcoin and won’t break easily. 🔽 If price gets rejected and this move turns out to be a fakeout, there’s a real possibility of a trend reversal. We’ve got a potential double top forming, which is usually the first signal of a reversal. If price then breaks the 72,147 support, it would confirm the end of the current uptrend. A lower high and lower low afterward would confirm a new downtrend. ⭐ At this point, I can’t give you a new spot-buy trigger in this timeframe. The trigger was around the curved trendline. Since price has moved away, we need to wait for a new setup to form. Let’s check lower timeframes for more detailed price action. 📅 Daily Timeframe In the daily chart, after getting support at 76,087, price started moving up and with the breakouts of 87,700 and 91,953, the bullish phase began. 🔍 Currently, price is holding above 106,250 with increasing volume since the 91,953 breakout. Everything looks ready for Bitcoin to begin its main move and enter an extension leg up. 🚀 If this happens, price could target 129,000 and even 150,000. RSI will be key for confirmation—if it re-enters Overbought territory and holds above 77.81, higher targets become more likely. 🛒 The previous spot-buy triggers I gave were at 87,700 and 91,900. If you entered with those, I recommend holding for now and waiting for signs of a trend change before taking profits. 🔔 If you didn’t buy earlier, I can’t provide a new entry just yet—we need to wait for a new structure and trigger to form. 🔽 For now, I still see the trend as bullish. A bearish scenario would require a fakeout below 106,250—if price drops and forms a lower high and lower low, the uptrend would be over and a downtrend would begin. ⏳ 4-Hour Timeframe After breaking 106,250, price rallied to 111,826 and is now pulling back to 106,250. ✔️ RSI is holding above its local support at 44.48, and as long as it stays above that level, market momentum remains bullish. 📈 You can consider entering a long on a pullback to 106,250. A breakout above 111,826 would be the main trigger for a new long. 🔑 Right now, there’s no valid reason to short, so it’s best to wait for a clear bearish structure before considering that. 👑 Bitcoin Dominance (BTC.D) 📅 Weekly Timeframe After several green weekly candles, BTC.D printed a large red candle, pulling back toward the midline of its ascending channel and rejecting from 64.77. However, it’s now moving back up again. 💥 With this strong momentum, there’s a good chance BTC.D could break out of the channel. If 64.77 breaks, we could see a push toward 71.04. ⚡️ To confirm a bearish reversal in BTC.D, we’d need to see a breakdown below the lower trendline of the channel. That would likely signal the start of an altseason. 📅 Daily Timeframe BTC.D has been in an uptrend and even broke above its channel briefly. But after hitting 65.31, it started a correction and dropped to the midline at 62.22. 🎲 It quickly bounced from 62.22 and is now moving upward again. Given the bullish structure, it could retest the 65.31 high. 📈 If it forms a lower high and breaks below 62.22, that would confirm a trend reversal. A breakout above 65.31 would confirm continuation of the uptrend. ⏳ 4-Hour Timeframe BTC.D rallied to 64.31 and is now trying to retest that level. If it breaks above 64.31, the next target is 65.41. 🧲 If it forms a lower high and breaks 63.51, we’d get a confirmation that the bullish leg has ended, increasing the chances of a move to 62.17. ✔️ Total2 (Altcoin Market Cap Excluding BTC) 📅 Weekly Timeframe After breaking the curved trendline, Total2 fell to around 816B before bouncing alongside Bitcoin. ⚡️ Currently, it’s ranging between 1.15T and 1.26T for the past three weeks. 🧩 If price breaks this range, it could rally toward 1.61T, which is the most important supply zone for Total2. A breakout here would likely trigger a strong altcoin rally. 🛒 If that breakout coincides with a drop in BTC.D, it would be an excellent spot-buy opportunity for altcoins. 📊 If the current rally fails to reach 1.61T and forms a lower high, another drop toward 816B is likely. This time, the chance of breaking that support would be high—confirming a trend reversal. 📅 Daily Timeframe Price is stuck in a range between 1.15T and 1.26T. 🔼 A breakout from either side would likely lead to a strong move. A break below 1.15T could extend the decline toward 861B, while a break above 1.26T would target 1.62T. ⏳ 4-Hour Timeframe Same structure as the daily chart. Long trigger = 1.26T breakout. Short trigger = 1.15T breakdown. 🔑 If price forms a higher low and starts moving back up, the likelihood of breaking 1.26T increases. The next target would be 1.33T. ✔️ USDT Dominance (USDT.D) 📅 Weekly Timeframe USDT.D is ranging between 3.78 and 6.22. 📉 It recently formed a lower high below 6.22 and broke below 5.06, now heading toward 3.78. 🤔 If USDT.D drops to 3.78, we could see a major market rally—Bitcoin might move toward 130,000 or 160,000. 🚀 If 3.78 breaks, the next support is at 2.53, which would mark the start of a major bull run. 📅 Daily Timeframe USDT.D has hit support at 4.40 and is now approaching a descending trendline that’s been holding since the 6.22 top. 📈 If that trendline breaks, the trigger is at 4.70. A breakout here could lead to a move to 5.02. 🔽 If price gets rejected again, the short trigger is at 4.40, and the next support is at 3.81. ⏳ 4-Hour Timeframe Support at 4.38 has held, and price is now above 4.50 and approaching the trendline. 🎲 If 4.50 fails and price drops to 4.40, a break below 4.40 confirms a bearish continuation. 📊 If the trendline breaks, use 4.74 as your confirmation trigger. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
26
INJ/USD Bullish Heist: Crack the Vault & Grab the Loot!Ultimate INJ/USD Heist Plan: Snag Profits with the Thief Trading Strategy! 🚀💰 🌍 Greetings, Wealth Raiders! Ciao, Hello, Bonjour, Hola! 🌟 Fellow profit hunters, get ready to crack the INJ/USD "Injective vs U.S Dollar" Forex vault with our slick Thief Trading Strategy! 🤑💸 This plan blends razor-sharp technicals and fundamentals to loot the market. Follow the chart’s long-entry blueprint to strike at high-risk zones like the Yellow Moving Average Zone. It’s a wild ride—overbought conditions, consolidation, and potential trend reversals mean bears are lurking! 🐻 Stay sharp, grab your profits, and treat yourself—you’ve earned it! 🎉💪. 📈 Entry: Storm the Vault! "The heist is on! Wait for the breakout (14.700) then make your move - Bullish profits await!" The market’s ripe for a bullish grab! 💥 Place buy limit orders within the most recent 15 or 30-minute swing low/high levels. Set alerts on your chart to stay locked in. 🔔 🛑 Stop Loss: Guard Your Loot! Set your Thief SL at the nearest swing low or candle wick. on the 8H timeframe for day/swing trades. Adjust based on your risk tolerance, lot size, and number of orders. Safety first! 🔒 🎯 Targets: Claim Your Prize! 🏴‍☠️ Short-Term Target: 15.700 👀 Scalpers, Listen Up! Stick to long-side scalps. Got deep pockets? Jump in now! Otherwise, join swing traders for the heist. Use trailing stop-loss to lock in gains and protect your stash. 💰 🐂 Why INJ/USD is Hot! The "Injective vs U.S Dollar" bullish surge is fueled by key fundamentals. Dive into Macro, COT Reports, On Chain Analysis, Sentiment outlook, Intermarket trends, and future targets via the linkss below for the full scoop. 👉🔗. Stay informed to stay ahead! 📰 ⚠️ Trading Alert: News & Position Management News releases can shake the market like a heist gone wrong! 🗞️ To protect your profits: 🚫 Avoid new trades during news events. 🛡️ Use trailing stops to secure running positions. 💥 Boost the Heist! Hit the Boost Button to supercharge our Thief Trading Strategy! 💪 Every click strengthens our crew, making it easier to swipe profits daily. Join the squad, trade smart, and let’s make money rain! 🌧️💵
KRAKEN:INJUSDLong
by Thief_Trader
TradeCityPro | CORE: Watching Trendline and RSI for Next Move👋 Welcome to TradeCity Pro! In this analysis, I’ll be reviewing the CORE token. This project is one of the DeFi infrastructure developers for Bitcoin and also runs its own Layer 1 blockchain. 💥 The token currently holds a market cap of $826 million and is ranked 86th on CoinMarketCap. ⏳ 4-Hour Timeframe As seen on the 4-hour chart, CORE is in an uptrend supported by an ascending trendline, with price consistently moving higher along it. ✅ In the last bullish leg, price only managed to retest the previous high around 0.8727 and is now undergoing a pullback. ⚡️ This shows signs of weakness in the bullish momentum. If the price fails to close above 0.8727 and drops back to the trendline, the risk of a trendline breakdown increases. 🔍 There’s also the potential for price to form equal highs and higher lows, forming an ascending triangle, which would favor a bullish breakout scenario. 🔑 Watch the RSI oscillator closely. Historically, every time RSI reached the 70 zone during a bullish move, the trend topped out and reversed. So if RSI manages to break above 70 this time, it could trigger a much stronger bullish leg. 📈 For a long position, potential entries include a breakout above 0.8727 or a bullish bounce off the ascending trendline. 🔽 For a short position, the first trigger would be a break of the trendline and activation of the 0.7560 support zone. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
2
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 23, 2025Technical Analysis and Outlook: In the course of this week's trading session, Bitcoin demonstrated significant upward movement, surpassing both Mean Resistance at 105000 and Key Resistance at 106100. This progression also facilitated the surpassing completed Inner Coin Rally at 108,000, and the highly anticipated Outer Coin Rally marked at 110000. As a result, the cryptocurrency experienced a substantial decline, currently aiming toward Mean Support at 105600, with a potential further decline toward an additional Mean Support target at 101500. It is essential to acknowledge the possibility of an upward momentum emerging from the current level, which may enable a challenge to Key Resistance at 111700. Success in this regard could result in reaching the Inner Coin Rally at $114500 and, subsequently, the Outer Coin Rally at 122000.
BITSTAMP:BTCUSD
by TradeSelecter
BCH/USD Crypto Profit Raid: Steal Gains with This Blueprint!🔥 Chart Heist Blueprint: Snag Profits in BCH/USD "Bitcoin Cash vs U.S Dollar"! 🚀💰 Crafted for sharp traders ready to raid the BCH/USD "Bitcoin Cash vs U.S Dollar" market, this sleek strategy fuses razor-sharp technicals with savvy fundamentals to maximize your gains. 📊🕵️‍♂️ Surf the bullish surge, but watch for traps in the Overbought Resistance Zone where bears could strike! 🐻 Lock in your loot before the tide turns. 🌊 - 🎯 **Entry Tactics: Hit the Sweet Spot** - Long on pullbacks near 440.00 (or) the Silent entry : Institutional Buy Zone at 380.00 (or) above price level. 🏹 - Set alerts for breakouts or pullbacks to strike in real-time. 🔔 - 🛡️ **Stop Loss Hacks: Guard Your Gains** - Place stops below the nearest 4-hour swing low or candle wick. 🔧 - Tailor stops to your risk and lot size—precision over recklessness! ⚡ - 💸 **Profit Goals: Cash In Big** - Bullish traders aim for 510.00 or exit early if momentum dips. 📈 - Scalpers focus on long-side quick wins, trailing stops behind big players. 🚀 - 📡 **Market Edge: Why This Plan Wins** - BCH/USD "Bitcoin Cash vs U.S Dollar" is charging bullish, driven by COT data, macro shifts, sentiment outlook, and intermarket flows. 🔍 - Check the linkss for deeper insights. 🌐 - ⚠️ **News Alert: Dodge the Chaos** - Skip new trades during major news releases. 📰 - Use trailing stops to secure profits on active trades. 🔒 - 🤝 **Join the Profit Crew** - Boost this plan, share the vibe, and let’s raid the markets together! 🤑 - Stay sharp for the next big score in the XPD/Palladium heist! 💥 Happy trading, chart bandits! 🎭📉
COINBASE:BCHUSDLong
by Thief_Trader
$INJ on WeeklyThe asset bounced within the Demand zone on the Weekly, creating room for a possible rally up to the $20-25 area. Volatility is still open but with steadily decreasing bearish pressure. A Daily FVG overlaps with the Weekly FVG so as to create possible room for maneuver. The widely used RSI has broken the barrier of a bearish trendline that has lasted since December 2023. Whether it maintains the trajectory will only be seen at the close of this week. Funding rates positive. Open Interests slightly up. Detail not to be overlooked in the coming days: the market cap line is rising, but the price is lagging slightly. Positive sign. Stable volume, with an improvement in the last two days. Very mild data. With the whole crypto sector seemingly showing signs of life, I am confident of its uptrend. Remember: until proven otherwise.
Long
by YouRe_My_Memory
1
TradeCityPro | Bitcoin Daily Analysis #99👋 Welcome to TradeCity Pro! Let’s go over the Bitcoin and major crypto index analysis. As usual, I’ll cover the key futures session triggers for New York. ⏳ 1-Hour Timeframe As you can see on the 1-hour chart, Bitcoin is still trading below the 111817 level and has formed a support at 110455 after multiple rejections from that resistance. ✔️ If this 110455 level breaks, we could see a deeper pullback toward 109195, and potentially even down to 106422. ✨ The RSI oscillator is currently sitting at the 50 support level again. If RSI breaks below 50, it would indicate a weakening bullish momentum and increase the likelihood of a bearish scenario. 💥 However, if RSI holds above 50, it would confirm that buyers are still in control, and the probability of the uptrend continuing increases. ⚡️ The 111817 level remains a very clean and strong trigger for a long position. If price breaks this level, the market could make another leg up. 📊 Make sure to watch the volume closely. If buy volume starts to increase, a breakout above 111817 could offer a strong entry for those not already in a position. 👑 BTC.D Analysis Bitcoin dominance broke below 63.76 yesterday, which helped altcoins rally, but it has since recovered and moved back above that level. 📈 For now, dominance is ranging between 63.76 and 64.30. A breakout from either side would confirm the direction of the next move. 📅 Total2 Analysis Total2 was rejected from the 1.26 resistance and has now fallen below 1.23. If this downward move continues, the next support levels are at 1.18 and 1.15. 🔑 If price finds support here and moves back up to retest 1.26, a breakout from that level would be a fresh long trigger. 📅 USDT.D Analysis Tether dominance found support at 4.38 and is now moving upward. 🧩 As long as it remains below 4.51, the overall market momentum is still considered bullish. But if it manages to stabilize above 4.51, the likelihood of a broader market correction increases. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
7
BITCOIN 5 lines and 3 indicators to watch now we in new ground I will be presenting a number of charts here and each has a different story to tell right now. The 5 lines are All valid trend lines. The Vertical lines are January year markers The white line at the bottom is th e long term support line from 2013 The Dotted line is a threshold line The Blue Arc is a line that has rejected EVERY ATH since 2013 The orange line is a marker that, once crossed has Always led to a New cycle ATH The upper dashed line is the line of rejection of all ATH since 2017 The Weekly Bitcoin PA chart Here we can clearly see how that Blue Arc has rejected PA previously. We can see how PA has reached a point of intersection and once it crosses that blue Arc, there is a line of rejection just above. This Blue line needs to be crossed and held as support. The Daily version of this chart shows ua how we have just crossed that blue Arc. It also shows us how FRAGILE this is right now. PA is currently testing that Blue line as support This needs to Hold. If we manage to hold this line and bounce, Stiff resistance is found around 120K The following charts are showing the following indicators The 3 indicators used are RSI - Relative Strength Index. used to measure the speed and change of price movements TSI - True Strength Index, used to indicate trend direction and overbought/oversold conditions. ADX - The Average Directional Index (ADX) is used to measure the strength of a trend, not its direction The 4 hour chart - short term expectations for the weekend Bitcoin PA the Yellow line at the Top, the indicators are in the order listed above, First thing to see here is how BTC PA is retesting that Blue Arc - this really needs to hold RSI (blue) - OVER BOUGHT, It has fallen below its own MA ( average) and could easily drop further today. Looking back along this, we can see how the 4 hour RSI likes to range along the Neutral line, so we may see it drop back to that level today, tomorrow TSI is also OVER BOUGHT. We can see when TSI is up here, PA ranges while it cools off. But there is room for one little push here if required ADX ( yellow ) is high showing trend could be getting near exhausted, The orange line is the DI+. This shows positive prince direction, the Red one is DI- and shows that negative price direction is climbing slightly. In the short term, we need to see PA hold above the Blue line but the likelihood is to possibly back below. There is support below. The WEEKLY shows us that PA has the ability to continue for a while longer but we are getting near a point where PA needs to recover Here we can see how the RSI and TSI are both up high, on the edge of OVER BOUGHT but with the ability to rise further. What is VERY important to take note of here is that ADX. It is Low, this is indicating that the weekly Trend has lost strength now. It could continue lower. Remember, ADX DOES NOT SHOW TREND DIRECTION, JUST STRENGTH So, the thing to see here is that we are in an area where we could see a New Trend begin. This trend could be either Bullish or bearish On a weekly chart, this change can take a long time to appear in PA And for the Longer Term, The Monthly Chart gives us hope for a fuhrer push higher for the rest of the year but one little warning bell WE See Both RSI and TSI up high again, where they have been since 2024. But neither of them are up in OVER BOUGHT as much as they have been in previous cucle Tops.... So we can assume room to move higher. But what does ring a bell is that ADX again. It is once again, in a place of Change and on this chart, showing that the current trend can start becoming weaker. However, DI+ has plenty of room to move higher So, in conclusion, we see that BITCOIN has the ability to continue higher but in the short term, we may see a pause and possinle Volatility Trends are about to change, This could take Weeks and PA can continue higher while a trend weakens. For me. we are in the last few months of this cycle and at a point of Decision. PA MUST get over that Blue Arc that has rejected Every ATH since 2013. If PA fails this, we go back to sub 90K but this is unlikely, There are numerous projections that see BTC PA in price discovery reaching the 120K before serious resistance. On this chart, if PA follows pattern and trends, we could see 378K by year end Getting over that irange line is KEY Stay safe everyone.
INDEX:BTCUSD
by Orriginal
PEPE 1D Harmonic Pattern Setting Up for a Bullish Breakout!Hey traders! I'm spotting a potential bullish setup on #PEPEUSDT — and it’s one worth watching closely. 🔍 Technical Overview: On the 1D time frame, #PEPE is forming a textbook harmonic pattern — still confirming. No bearish divergence or reversal signs spotted so far — momentum remains intact. Key level to watch: B point of the harmonic pattern, acting as strong horizontal resistance. 🎯 Trade Idea: Plan: Wait for a clean breakout above the B-level, followed by a successful retest. If the retest holds as support, I’ll be entering a long position with tight risk management. TP-1: 0.00001292 TP-2: 0.00001647 SL: 0.00000549 ⚠️ Why patience matters: Jumping in too early can expose you to fakeouts. Confirmation = confidence! 💬 What do YOU think? Is #PEPE about to explode or will the resistance hold? Drop your thoughts below! 👇 📈 If you find this helpful, don’t forget to: 👍 Like 💬 Comment 🔁 Share 📌 Follow me for more high-probability setups! Let’s trade smart, not emotional. 💡 #PEPE #CryptoTrading #HarmonicPattern #BreakoutSetup #TechnicalAnalysis #TradingView #CryptoCommunity #Altcoins
Long
by mudusir
RUNE Ready for a Big Move? Accumulation Breakout Incoming!Current Market Structure: #RUNE has been in an accumulation phase after a prolonged bearish trend. The price is consolidating, forming a potential Wyckoff Accumulation pattern. No further bearish signs are present except for the previous break of a strong support level. Key Levels to Watch: 🔹 Support: $0.788 (previous level) 🔹 Resistance: $2.5 (breakout zone) 🔹 Accumulation Range: $1.13 – $1.6 Trading Plan: 🔹 A confirmed breakout above the resistance level will signal the start of a bullish trend. 🔹 Ideal long entry on breakout with a retest confirmation. 🔹 Stop-loss below accumulation range to minimize risk. 🔹 Targeting $7 as the next resistance level. What do you think? Will #RUNE break out soon, or are we in for more sideways movement? Share your thoughts in the comments! Like & Follow for more trade setups and insights!
Long
by mudusir
1
BNB Ready for a Major Breakout? Head & Shoulders Pattern in PlayMarket Insight: #BNB is currently trading in a prime buying zone for spot traders, showing strong price action on the 4-hour timeframe. A Head and Shoulders (H&S) pattern is forming, and we are closely monitoring its breakout for a potential bullish move. 🔹 Bearish Signs? None so far! The market structure remains intact, and buyers seem to be in control. Trade Plan for Bulls: 🔹 Breakout Confirmation: A clean break above the neckline of the H&S pattern will confirm bullish momentum. 🔹 Entry Zone: After confirmation, a long position can be initiated with proper risk management. 🔹 Stop Loss & Risk Management: Place a stop-loss below the right shoulder to manage risk effectively. 🔹 Potential Target: If the breakout holds, we could see a strong upward move toward key resistance levels. 🔹 Chart Analysis: (Attach a well-annotated chart with clear trendlines, breakout zones, and risk-reward levels) 🔹 What’s Your Take? Do you think #BNB will break out or face rejection? Drop your thoughts in the comments! Like & Follow for more real-time trade setups!
Long
by mudusir
Altcoin Season Brewing?Hi, The OTHERS/BTC pair represents the collective market capitalization of altcoins relative to Bitcoin. This ratio is a critical indicator of altcoin strength or weakness against Bitcoin. The weekly chart reveals a prolonged bearish phase for altcoins, with Bitcoin dominance persisting. However, recent data suggests potential inflection points worth monitoring. Key Technical Elements: - Ascending Channel: The pair is moving within a well-defined macro upward channel. It is currently sitting at the bottom boundary, suggesting a potential reversal point. - Support Zone: The lower boundary of the channel (purple line) aligns with previous bounce points (2019, 2020, mid-2023), reinforcing its validity. - RSI Indicator: The RSI has shown bullish divergence with price making lower lows while RSI forms higher lows. My Opinion: This chart suggests we are near the bottom for altcoins vs BTC, and the risk/reward is heavily tilted in favor of a bounce, especially going into a potential Q3-Q4 altseason. It’s a classic accumulation zone where smart money tends to position. And what to do? - scale into altcoin positions cautiously. - Use the channel low as a stop-loss zone. - Look for confirmation over the next 1–2 weeks with bullish candles or increased volume. Happy Trading,
CRYPTOCAP:OTHERSLong
by ahmed_do