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BTC.D is an important aspect of the markets to watch right now.While BTC is making new lows today on this pullback - many alts including eth and solana are above their Saturday lows still. Reason being- BTC.D rejected off the 57% level and is pulling back today, which has been allowing alts to hold stronger than BTC itself. This could go two ways from here— now that BTC.D is at support, it either bounces and alts begin suffering once again, or it moves down to the 55% level and if lost, could provide some nice altcoin bounces in the next coming weeks if BTC can at the very least chop sideways Bitcoin dominance is an indicator that has served me well over time as you all have seen, and i encourage you guys to check it out every once in a while.
CRYPTOCAP:BTC.D
by GeorgeZoros
ETH Faces Bearish ☁️ & 🌧️ In the Next 7 Days - CAUTION! Eight of the top 10 best performing ETFs last week were digital currency funds, largely led by Ethereum futures funds, eft.com writes in its daily note. The best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets. EY, one of the four major accounting firms, has launched a contract management solution based on Ethereum’s blockchain, CryptoNews reports. “Deploying on a public blockchain is not only cheaper, but also much more scalable, helping enable many-to-many integrations on an open platform with no one company having an unfair advantage by controlling the network,” EY’s global blockchain leader, Paul Brody, is quoted as saying. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with bearish clouds linger over Ether, Avalanche and Uniswap, signaling downside risks. However, Bitcoin, Binance Coin, Cardano and Ripple’s XRP will be profiting from a bullish sun and upside potential. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
1
Bitcoin Q2 2024 Outlook - ElaborationHello guys, today I am back with an Elaboration on my previous Q2 Outlook ↓↓↓ With halving in front of us and all the hype it brings in, I can see mostly people who think that after halving we have to go to ATHs no matter what. So I decided to bring counter points to their views with reasonings as to Why I am currently more bearish than bullish. If you are interested in Why, you should definitely keep reading. As I stated previously - " My Base Expectation for now is that this MAY(June/Q2), MAY be the worst time to become a Buyer/Bull for a prolonged period of time as we potentially already reached our TOP. That is because, as I mentioned in the Q1 Outlook: "6. - !!! New REAL Bullmarket didn't Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when the correct time comes -> 1. FED start cutting, 2. FED stop (is DONE) with cutting, 3. bottom Rate is found" " and to that statement, I would add today one more - 4. until FED start expanding their balance sheet/start printing money. and my position in that still has not changed - Why? Simply, nothing changed. Everything I was expecting to happen happened and Price is still doing exactly what I was expecting it to do. So no matter if there is halving or any other kind of narrative which may suggest that "if you don't jump in right now, you lose your opportunity", I will still stick with what in my opinion are real moving forces behind the markets - current economic environment and Central Banks agendas. So, this is what happend in our prior case: I believe the most important part of the whole process is the MONEY PRINTING PART (4b). Today we have not even reached the Cutting process (1) yet. Some may say, that it should be a point for bull case scenario and I would agree. As I said, we may see a price rally until Cutting starts. BUT I believe we need to pay attention as well to What happened before this process starts. If you break the chart down, you would see that the Price Topped & dropped Before Cutting started, in expectation of it happening. And that is exactly where we may be Today! I am not saying it has to happen the same as it did in our prior case, BUT I believe everyone should pay more attention to it. If you look closer at the chart, you can see that when Price starts to elevate, most of the time it takes Inflation with it. That is exactly opossum of what the is FED trying to achieve because it could bring even more pressure on the FED in their decision making. Potentially it could cause a scenario in which we have still High Interest Rates but FED is unable to print money due to High inflation. That could cause a fear of recession or recession scare which is terrible for markets price wise, but it is as well a great buying opportunity at the same time. So, until there is some significant development in the areas I mentioned, I would suggest to everyone to stay cautious! Hopefully, this elaboration was helpful for some of you in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM. Best Regards, Joe
INDEX:BTCUSD
by cryptocapitaltrading
BTC/USD Buckle Up for the Rollercoaster Ride!Hey there, crypto comrades! It's time for another wild ride through the Bitcoin rollercoaster – grab your helmets and strap in tight! So, let's rewind a bit and revisit our last analysis. We talked about the harmonics pattern, the testing of support zones, and all that jazz. But guess what? The plot thickens! With recent developments shaking up the market, it's time to roll up our sleeves and dive back in. Picture this: Weekly charts flashing higher highs, daily charts giving us not one, not two, but three touch retests of the almighty $60k support (aka the previous ATH). It's like watching a high-stakes poker game unfold, and we're all in! Now, here's the million-dollar question: Are we ready to enter the fray? Well, it's decision time, folks. Sure, there's still a chance Bitcoin could take a nosedive down to $30k – but hey, where's the fun in playing it safe? Yours truly is throwing caution to the wind and making a move. Call me crazy, call me brave – but hey, fortune favors the bold, am I right? But hey, let's not forget the golden rule: Always trade responsibly, folks. This ain't no game of Monopoly – it's real money on the line. So, if you're feeling adventurous like yours truly, go ahead and take the plunge. But if you'd rather play it safe, nobody's judging – except maybe the crypto gods! And hey, just a little reminder: While we're busy riding the Bitcoin wave, don't forget to keep an eye on the news. You never know when Elon Musk might decide to tweet something that sends the market into a frenzy! So, here's to the thrill-seekers, the risk-takers, and the crypto enthusiasts – may the odds be ever in our favor! Keywords: BTC/USD, trading update, Bitcoin analysis, support zones, resistance levels, risk management, trading decisions, volatility, investing, cryptocurrency news, rollercoaster ride, probability, dollar-cost averaging, trading advice.
BITSTAMP:BTCUSDLong
by PlutusX
Crypto Has Bottomed! Buy Now!I've been tracking this Elliott Wave count for some weeks now including other coins. We have an obvious 5 waves carved and RSI divergence on the daily/weekly. We now have all the characteristics of a Wave C decline with very rapid price movement declining over the weekend. The Wave 4 bottom was taken out, which can be a spot for liquidity before moving higher and also at the 0.382 Fib level. I am expecting prices to go to $34-$38 next, which will be the 1.618 fib extension of this entire 5 wave move and a previous high where I would expect liquidity to be present.
Long
by adriel.arrasmith
BTC Bullish ☀️ Over the Next Week - Further Upside LikelyThe cryptocurrency trend was positive over the past 24 hours ahead of Bitcoin’s halving next week and despite the release of higher-than-expected US inflation data that initially pushed prices lower. “Whether the Fed cut rates 25bps in June or not isn't the long-term driver of bitcoin prices right now. It's a marginal factor. ETF flows + rising deficits matter more, and they are lining up very well for bitcoin,” commented Matt Hougan, Bitwise Invest’s chief investment officer. The spot Bitcoin exchange traded funds (ETFs) approved in the US three months ago exactly recorded $124 million in net inflows on Wednesday. There are currently roughly 19,680,000 Bitcoins in circulation. “Investors in US ETFs own 838,730, or 4.3 %. If we exclude the BTC that has not moved in the last 3 years (9,650,000), the US ETFs own 8.4%. If we exclude the BTC that has not moved in the last 1 years (15,190,000), the U.S. ETFs own 18.7%,” the crypto profile @HODL15Capital noted. Quarterly regulatory filings starting to drip in also show that financial advisers have acquired spot Bitcoin ETFs. Signal Advisors, for example, reported that it holds more than 20,000 of BlackRock’s NASDAQ:IBIT ETF, BlockBeats reports. A bullish sun shines over the global crypto market in the next 24 hours, including Bitcoin and Ether, signaling upside potential. Over a one-week horizon, the trading conditions will be mixed with bearish clouds lingering over Uniswap, Polkadot, Ripple’s XRP and Binance Coin, indicating downside risks. The sun will, however, continue to shine over both Bitcoin and Ether over this medium-term time horizon. Follow us for more crypto news and crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BTCUSDT → Trade Analysis | BUY SetupHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity BTCUSDT I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
COINBASE:BTCUSDLong
by TheGrove
1
DEVVE/USD Navigating the New Coin Chaos with DevvioHey there, crypto adventurers! Today, we're diving into the wild world of DEVVE/USD trading – buckle up, because it's gonna be a bumpy ride! With limited data on this new coin, we're venturing into uncharted territory, armed with nothing but our wits and a whole lot of memes. So, here's the scoop: DEVVE recently launched after simmering in the crypto cauldron for several years. And boy, did it make an entrance! After a healthy retracement from its initial bull run, we're seeing some intriguing price action unfold. Talk about drama, am I right? Now, let's get down to business. We broke support on the daily at the $1.18 level, and now we're staring down the barrel of the 78% Fibonacci retracement, retesting it like a boss. Assuming we play nice and respect resistance, we could be in for a downward push, closing the gap and potentially finding a cozy spot at the 88% fib level around the $0.50 mark. Fingers crossed, folks! But here's the kicker – if and only if that $0.50 level is respected as support, it might just be time to make a move. But hold onto your hats, because we've got some potential resistance zones to contend with, including the previous ATH ($1.80 - $2.00) and that sneaky 61% fib at $1.18. Traders, keep your eyes peeled for candle patterns signaling reversals – it's gonna be a wild ride! Now, here's a little disclaimer: Yours truly is invested in this project, so consider this a friendly shill from a fellow believer. No pump and dump schemes here, folks – just good ol' fashioned enthusiasm. But remember, always trade at your own risk! And hey, just a friendly reminder: while we're busy cracking jokes and riding the crypto rollercoaster, don't forget to stay up to date with the latest news on DEVVE. After all, fundamentals are the bread and butter of any successful trading strategy! So, here's to navigating the new coin chaos with Devvio – may the memes be plentiful and the profits be ever in your favor! Keywords: DEVVE/USD, trading analysis, new coin, price action, Fibonacci retracement, support levels, resistance zones, trading strategies, candle patterns, ATH, investing, risk management, cryptocurrency news, meme culture.
Long
by PlutusX
1
SAND/USD - Bullish Potential Identified at Key Support ZoneKey Support Area Analysis: SAND/USD is currently positioned at a critical support level, historically significant as a former resistance zone. This level also coincides with the 4-hour trendline, reinforcing its importance in our analysis. Bullish Outlook: Considering the convergence of support factors, our analysis suggests a bullish bias for SAND/USD from this juncture. Trade Recommendations: Entry Point: We recommend taking entry near 0.59085, aligning with the support zone and anticipating the initiation of a bullish move. Stop Loss: To mitigate potential downside risk, it is prudent to set a Stop Loss near 0.5350, strategically placed below the support level. Take Profit Targets: We propose the following Take Profit levels: - TP-1: 0.6487 - TP-2: 0.7038 - TP-3: 0.7600 These targets are derived from technical analysis and represent potential areas of resistance where profit-taking could be considered. Risk Management: It is essential to adhere to sound risk management principles, including proper position sizing and adherence to the predetermined Stop Loss level. Conclusion: In conclusion, the technical analysis suggests a favorable risk-reward opportunity for a bullish move in SAND/USD, with clear entry, exit, and risk management parameters outlined. Traders should monitor price action closely and adjust their positions accordingly as the market evolves.
BINANCE:SANDUSDLong
by trading_jupiter
SOL/USD: Riding the Waves of Resistance with SOLANAWelcome back, crypto crusaders! Today, we're diving into the turbulent waters of SOL/USD trading with our favorite meme-like analysis. So grab your life vests and let's navigate the waves of resistance together! Right off the bat, SOL is giving us some serious déjà vu as it flirts with resistance levels that harken back to its previous all-time high (ATH). Talk about a blast from the past! But fear not, because we've got our trusty charts and Fibonacci levels to guide us through this storm. Zooming out to the monthly timeframe, we're seeing some unconfirmed structure, but the weekly suggests that resistance is looming large. However, amidst the chaos, there's a glimmer of hope – a bullish trendline on the monthly, aligning perfectly with the 615 Fibonacci level and structure. I smell a potential support zone brewing at the $100 level, assuming the price plays nice with the ATH as resistance. Cue the dramatic music! Now, here's the golden rule: Buy if and only if the structure is confirmed at the $100 level. We're talking about touching a support trendline here, folks – a break could send us spiraling down faster than you can say "crypto crash." And trust me, nobody wants to visit the dreaded $40 level! But wait, there's more! We're not just looking for confirmation of support – we're also keeping a keen eye on that pesky ATH level. If it decides to flex its resistance muscles, we might just find ourselves eyeing the $140 level as our new loading zone. Talk about a plot twist! As for our TP (take profit) level, we're setting our sights on the lofty $412.00 mark. But beware, brave traders – the ATH will be standing guard, ready to thwart any further push. Better review those lower timeframes to confirm our strategy. Remember, it's all about probability, folks – no trading advice here, just some good old-fashioned risk-taking. And hey, don't forget to stay up to date with the latest news on SOL – fundamentals are the wind beneath our trading sails! So, here's to riding the waves of resistance with SOLANA – may the memes be plentiful and the profits be ever in your favor! Keywords: SOL/USD, trading analysis, resistance levels, support zones, Fibonacci levels, bullish trendline, ATH, loading zone, take profit level, risk management, investing, trading advice, dollar-cost averaging, cryptocurrency news, meme culture.
BINANCE:SOLUSDLong
by PlutusX
BTC aims to break through the 66.8K barrier to continue - BTC/USDT remains below the 0.786 Fibonacci level (66.8K), but buyers of the mother cryptocurrency defend the psychological level of **65K**. - On the daily chart, we have observed that after reaching its all-time high at 73.8K and being rejected, the price has not managed to return to those levels. Instead, it has created a lower high at 71.8K. - The outflow of funds from Bitcoin ETFs and significant liquidity absorption by medium-term market participants have led us to this waiting and consolidation period. - Currently, the BTC/USDT price is trading around 66.5K, finding support at the 64.9K level (35-day EMA on the daily chart). What to Expect in April for BTC Price? To assess what will happen in the month, we need to look at higher timeframes, such as weekly or monthly. Regarding the weekly candle, it closed at **71.3K** (the highest weekly close in history). However, despite being a bullish close, BTC has returned to seek liquidity in the **65K** zone. To confirm weekly bullish continuation, we need to close above at least **70K**. As for the monthly candle in April, it has started in red, indicating bearish strength. However, if we look back at BTC's price history, in most cases, when we start the month in red, the monthly candle has always closed in green during bullish times. In this plausible scenario, especially considering the halving month, the idea that BTC could reach **80K** or even more is not far-fetched . THIS IS NOT INVESTMENT ADVICE NOR SHOULD IT BE TAKEN AS SUCH. EACH PERSON IS RESPONSIBLE FOR THEIR ACTIONS AS A TRADER, INVESTOR, ETC…
Long
by CRYPTONIA5
Narratives in cryptoNarratives its not a trend. The first investors who track and find the narrative and start buying tokens in this sector will make a good money, if theyll out in a right time. In the previous bull market, it was not difficult to see the DeFi narrative. Users wanted to see decentralization in everything: exchanges, stablecoins, wallets, landing pages, etc. Later, the narrative was born on exchanges with leverages such as DYDX, GMX, GNS and many others. Who paid attention to this narrative - made good money buying tokens or received a generous airdrops. On this Market you need always follow trends in order to better understand what is happening now around in this space. sometimes people can believe that Bitcoin halving will lead to price increases every four years - these and other narratives are used by many investors to predict price movements, but these are not some rules or laws in crypto! And often as we can see now old patterns and narratives stop working) The market is dynamic, you cannot perceive the market according to the old patterns of 2020, the world is changing. Defi in 2020, nft, layer1, The narratives are around Doge Coin and Elon Mask, shiba inu, Metaverse and Fb. Mana and sandbox grew in a few days, it is always important not the event itself and the sentiment around it, and it is important to enter and exit on time. Narrative AI, some tokens played back and showed new highs, and some were just speculation in this sector. Here's an important thing to note: ALWAYS have a fixation plan. Most narratives will eventually fail and the price of their tokens will bottom out. The best way to sense an emerging narrative is to practice critical thinking. Whenever you read any important news, even if it is not related to cryptocurrencies - think about whether it could potentially be related to cryptocurrencies. If so, with which coins or projects? Conventionally, a year ago no one was talking about RWA, now everyone has become like an expert in this sector. The same will happen with the DePin sector, I think SocialFI will be one of the key ones in the future, because we all use social networks. Why do narratives and catalysts matter in project evaluation? Just because a project is good doesn't mean it's the right time to invest. Fundamental analysis can help you determine which projects have the foundation for success, but narratives determine WHEN their prices will rise. Keeping track of narratives in a crypto can be a challenge because they can change very quickly. People are getting too obsessed with fundamental analysis. Asset prices only go up when other people buy them. Narratives + catalysts can drive people to buy. The project may be fundamentally good, but you may see downward or sideways price movement until there is a catalyst and narrative to drive growth. A great example of elastos, where fundamentally the project looks so cool, but has been in a downtrend for 5 years. And only now is some growth starting on the layer2 narrative for Bitcoin Find narratives and catalysts early by exploring social media platforms like Twitter and even niche media. Look at the key events coming up and then ask yourself, "What are the potential implications of these key events for the crypto market?". For example, at the moment, as I already said, it will be the RWA sector globally, that is, the tokenization of everything in the world. This is not a short-term narrative, but a long-term one. Short-term that will be tied to a sports event, Euro 2024 is a narrative of fan tokens, CHZ token and nft related around this topic, or even meme tokens. How to evaluate a narrative? - Can it be useful in the real world to suppress demand? - Can it affect a large number of people, or will it be a local group of people? - What is the current macro sentiment in the market, and the mood in social networks. After all, if the narrative takes place in a bear market, it will be very difficult to make a big profit from it. Then once you've identified potential narratives, you can look at the categories, and directly the tokens within those categories and their roadmaps. Take into account when forming your investment decisions - Analyze sentiment on Twitter, Reddit. This is where the main mood of the crowd is formed, follow the trends on Twitter, but remember that narratives can play both in a positive and negative way. - The main world media very often form a specially wrong opinion about the market, because essentially all the key media are controlled by big players, and since the coverage of users in them is large, they can set the vector for discussions. If all the mainstream media say that the RWA sector is just a bubble, a lot of people will actually believe it now) Narratives can emerge from portfolio analysis of public funds. But remember, funds can accumulate certain coins from a certain sector and anonymously a lot, but add some tokens to the portfolio on which they do not make a big bet, and you can go to all in. - Always analyze your media field with critical thinking. Analyze the information from the point of view of who and why start talk about this exactly now!? - Work with proper risks and invest according to your strategy - Do not invest in all sectors, choose a few of the most promising for you, and several tokens in each sector - Always filter who you read on social networks. millionaire influencers very often made capital not with trading) Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
BTC - Bullish Trend On For the Next 7 Days ☀️ Later today, a record worth of Bitcoin options, $9.5 billion, are set to expire, a factor that may cause volatility, The Block reports. The release of key US inflation data, the personal consumption expenditures (PCE) index, may also impact the crypto universe if the February data comes in above expectations. Analysts foresee the PCE index up 2.5 percent year-on-year, a level that remains above the Federal Reserve’s 2 percent target. Over the past 24 hours, price of Bitcoin was down 0.5 percent at $70,076, which is 5 percent below its all-time high reached mid-March. Yet, a bullish sun shines over most of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week ahead. This signals further upside potential after a strong quarterly performance. Follow us for more crypto weather news and reports!
BITSTAMP:BTCUSDLong
by ATTMO
GRUSDT BUY IDEAWhile technical analysis provides valuable insights into market trends and patterns, it's essential to pair it with effective risk management strategies. By setting appropriate stop-loss orders, managing position sizes, and adhering to sound risk management principles, traders can mitigate potential losses and safeguard their capital. Mastering the art of trend and wave analysis equips traders with the tools they need to thrive in the dynamic world of cryptocurrency trading, paving the way for success in assets like GRT/USDT
Long
by Graxi1000
BTC Bullish Rally Before the Halving Event ☀️🚀Cryptocurrencies rebounded over the past 24 hours, after a week of profit taking and ahead of Friday’s options expiries. Almost $9 billion worth of Bitcoin options will expire then, an event likely to trigger price volatility, Deribit data shows. The price of Bitcoin rallied 5.5 percent to $70,862 over the past 24 hours, trading 4 percent below its all-time high. Bitcoin’s halving in less than a month’s time is another supporting factor. Read more about its halving here. “#Bitcoin has just caught traders off guard (as usual) with a huge rebound ascension to $70K. Why? Key #Bitcoin stakeholders had one of their single largest accumulation days in years. 51,959 collective #Bitcoin were accumulated . This translates to 0.263% of the entire currently available supply being accumulated in one day. As we close in on the final three weeks of the #halving on April 19th, it would be unsurprising to see these wallets continue to grow, resulting in a positive impact on #crypto-wide market caps,” the crypto intelligence firm Santiment said. The crypto universe is also boosted by comments from BlackRock’s Head of Digital Assets Robert Mitchnick. A modest concentration of Bitcoin in a portfolio can turn it into a diversifier, as the crypto coin generally is uncorrelated to other assets and has different fundamental drivers, CNBC quotes him as saying. A bullish sun, indicating upside potential, shines over the global crypto market and Bitcoin in the next 24 hours and coming week, ATTMO shows. Over a one-week horizon, the largest cryptocurrency should continue to profit from the bullish trading conditions. Follow us for more crypto weather and news reports!
BITSTAMP:BTCUSDLong
by ATTMO
ETH 24-Hour Upside ☀️ Consolidation in 3-7 Days ⛅A new Ether upgrade is being considered by its developers, just weeks after the successful launch of the Dencun upgrade on the Ether mainnet. The scope of the Electra upgrade, as this new upgrade is called, will be made in the coming 1-4 weeks, Christine Kim, Vice President at Galaxy announced. “There is the intention to have functional prototypes and devnets of Electra at some point in May and we're closing at the end of March,” according to the write up of the latest Ethereum developers’ consensus call. A bullish sun shines over the global crypto market in the next 24 hours, indicating upside potential for all coins covered by ATTMO with the exception of Dogecoin. Over the coming week, the trading conditions will be mixed with most coins continuing to profit from the bullish outlook. However, bearish clouds will linger over Ether, Cardano and Polkadot over this medium-term horizon, signaling a downward risk. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSD
by ATTMO