Cryptopump
Where bitcoin goes MARA follows - Current Macro developmentsHi guys! As usually i keep my eye open for macro changes or signals that may lead to major moves. Of which Marathon (MARA) has been on my radar.
This analysis is done on the 1 week timeframe.
We are currently attempting to get Above our Major level/ area around $18-20.
This area also coincides with the 21 EMA.
Which we are also ABOVE as we speak.
However, remember it has not yet confirmed that we managed to get Support from 21 EMA.
Also note that we recently tested Support on 50 SMA and have maintained it 6 weeks in a row. This fact makes me think, we will continue UP -> At the very least to the Upper range of the consolidation orange rectangle at $28.00
We have not yet printed a death cross which is a good sign indicating probabilities pointing towards continuation of Uptrend.
Pay attention to next weeks candle close for more clues.
Ive also highlighted our current price action to be part of a Consolidation range, from $15.00 to $28.00
I think it makes sense for us to be consolidating as we are making our way out of the bottom of the market for MARA. (around the 3.50 area) Since then we've already climbed roughly 1000% to our top around $34.
21 EMA and 50 SMA flattening out also supports the Consolidation occuring.
Consolidation is basically when an asset tries to digest rallies, trying to catch its breath.
And now we have to assess whether theres further momentum left to continue our Bull market or make our way back down.
If Bull market continues, we can make our way back to this Major Resistance lvl labeled. We have touched this line 3 times in history previously and it marks Blow off tops of Bull markets for MARA.
If we get rejected from this Major level, we can make our way back to the sloping Support trendline labeled below.
So to find a sense of whether or not MARA will continue or come down to test the lows, we look to 2 indicators that i love using to assess "momentum".
Notice the STOCH RSI.
Everytime we come down to the 20 lvl, we stay Below for extended periods ranging from 57 days to as much as 126 days.
When we cross Bullish and move UP Above 20 lvl, we tend to have Rallies UP.
1 pattern though, with STOCH is its relationship with Moving Averages 21 EMA and 50 SMA.
When Purple (21 EMA) crosses Below Green (50 SMA) Moving Average and there is a STOCH Bull cross, sometimes it doesn't impact big rallies.
BUT When Purple is on top of the Green Moving Average and STOCH crosses BUllish Above 20 lvl. This is a pattern seen in relation to big rallies UP
So if we can get a STOCH Bullish CROSS Above 20 level, while our 21 EMA is Above our 50 SMA, we can expect to see a continuation rally. Watch also for a break Up and confirmation out of the consolidation zone.
The MACD is currently ABOVE the 0 level, with waning or decreasing Bearish sentiment. This is seen from the print of the lighter red bar of the histogram. The Blue/Orange lines are also attempting to Curve Up and try to Cross Bullish.
If we continue to print smaller lighter Red bars, and then see a Green bar print, it is likely momentum has turned Bullish.
Bullish Crosses ABOVE 0 level, tend to rally Upwards.
A MACD and STOCH CROSS together would be even better sign of uptrend to be PROBABLE.
ANd if we Breakout of the consolidation rectangle we are currently in -> its likely we test "Major Resistance" at around $60.
Keep observing and paying attention.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on MARA in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
Liquity / LQTY & Binance The price of LQTY is $2.3 today with a 24hour trading volume of 80 million dollars. This represents a 80% price increase in the last 24 hours and a 250% price increase in the past 30 days. With a circulating supply of 91 Million LQTY, Liquity is valued at a market cap of 200 million dollars thanks to CZ!
Liquity is a decentralized borrowing protocol built on Ethereum that utilizes LQTY, a USD-pegged stablecoin. Ether holders can draw loans in the form of LQTY with algorithmically adjusted redemption and loan issuance fees
as you see LQTY whales are notorious for dumping on retails so don't forget the stop loss(rug). next targets are 2.7 and 2.9$
OP(Optimism) price action analysisSimilar scenario that the market has experienced
Example 1
💰DOT (spring-summer 2021)
Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump
💰OP (spring-summer 2024)
Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP
Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great pump
This scenario can be applied to many altcoins, not just OP.
Alchemy Pay / ACH & Google2023, what a year to be a crypto trader
Leading fiat-crypto payment gateway Alchemy Pay has announced its support for Google Pay, allowing Android phone users to purchase crypto directly with their bank cards.
following the announcement, Alchemy Pay’s native token ( ACH ) surged up to a local high of $0.04 — recording a 66% gain in the last 24 hours. ACH has sustained an uptrend in recent times, recording a 180% gain in the 7day time frame and a cumulative of 300% over the last 30 days and the daily volume just passed half a billion dollar. Alchemy Pay had earlier inched support for Apple Pay, hence the support for Google Pay will allow iOS and Android phone users to easily purchase crypto via the app with their bank cards.
On Google Pay, Alchemy Pay will provide support for purchasing crypto using the following fiat currencies: USD, EUR, KRW , SGD, AUD, TWD , TRY, CAD, JPY, AED, NZD, and HKD .
Beyond Google Pay and Apple Pay, Alchemy Pay also supports payments in Mastercard and Visa across 173 countries
I personally managed to buy at 0.022 after getting a confirmation out of weekly candles and took good profit at 0.044$
MINUSD CLear technical findings show an extreme bullish caseHi guys. I am always on the lookout for assets with clear signs of macrotrends. One that caught my attention was a crypto altcoin called MINAUSD.
This analysis is on 1 week timeframe. Signs found on macro timeframes can have powerful moves to upside or downside.
Notice firstly the horizontal black trendline around 1.40-1.50$.
This was an area for last couple weels we've been battling with as resistance.
It also coincides with a potential Ascending triangle pattern.
This battle is highlighted by the orange rectangle. This can be identified as a consolidation zone.
We are currently breaking out of both the consolidation zone, as well as the ascending triangle pattern.
Important to wait for confirmation which would be a candle close showing support on 1.40$ lvl.
We do have a lower wick on our current candle (showcasing demand and support) BUT remember this weeks candle just begun. We must wait till sunday for the weekly candle close. If we continue this current trajectory, we will see confirmation. However, there is always potential for a fakeout so this week is crucial.
Notice how right above us. There is really no price action acting as support. Just 6 total candles.
My opinion is that we will quickly move up to the 3.50$ area. Once bitcoin stalls and altcoins get liquidity injected into them. AND Support is confirmed.
Keep an eye on updates with other signs and indicator signals in near future to support my claims.
__________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on MINAUSD in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
$Btc #Bitcoin Earliest Top theory This is a total break of all trends and history as well as makes excuses for the double top. However, are these communities not for sharing ideas and helping one another think outside the box vs just being an echo chamber of common ideas?
So here it is, the possibility that we began seeing a MUCH faster peak and finish to the cycle once getting into these BIG evaluations and numbers per BTC.
BUT that it was missed and faked via the double top and all the extra $ printing etc.
This is NOT my take it or leave it feeling, this is NOT me trying to create FUD and or seem like an idiot who knows nothing which I'm sure many will say, lol.
BUT it is something to get people thinking.
So love it or HATE it, I'm here to take the RISK sharing it.
Starting new movement? USDT dominanc Triggeraccording to the previous analysis:
breaking out the trigger line could be a good confirmation for new positions and a rejection could be a profit save.
what do you think?
This analysis is solely for informational purposes and should not be interpreted as investment advice. Always conduct your own research and employ sound risk management practices before trading.
DASHUSDT ( WEEKLY TREND LINE HAS BROKEN ) BE READY FOR EXPLOSIONThe price was within a falling wedge pattern, and it broke out strongly with a weekly candle. It's now near the robust resistance level of $39, considering Bitcoin's recent growth and the stability of this cryptocurrency. Expectations are that this area will be breached, leading to a positive upward movement. After confirming the breakthrough, you may consider making your purchase.
follow and support for more
Bullish Resurgence on the Horizon: Bitcoin's Symphony of SignalsTechnical Analysis for Bitcoin: Anticipating a Resurgence Amidst Market Flux
Introduction:
In the volatile landscape of Bitcoin, a recent significant pullback to the $42,000 lows has paved the way for a renewed bullish impulse targeting $52,000. Despite prevailing bearish sentiments, our technical analysis points to several indicators suggesting a potential reversal and bullish momentum.
Technical Indicators:
RSI Probability Indicator: The RSI (Relative Strength Index) probability indicator has demonstrated a bottoming pattern and is entering the bullish zone. This suggests a shift in momentum towards the bulls.
Probability Bands Convergence: Probability bands are converging, indicating a potential alignment of market forces. This convergence is often a precursor to a significant market move, and in this case, it supports the anticipation of a bullish impulse.
MACD Regular Divergence: In smaller timeframes, the MACD (Moving Average Convergence Divergence) is exhibiting a regular divergence, further signaling a potential shift in momentum towards the upside.
Volume Analysis:
Despite the current low volume, the observed bullish pattern is a positive indicator. The expectation is that as the bullish momentum gains strength, trading volume will likely follow suit, supporting the upward trajectory.
Whale Transfers - Bullish Signals:
Recent large Bitcoin transfers, including 3,110 BTC and 6,999 BTC to Coinbase wallets, signify a strategic move by major players. This suggests that bullish entities are selling their holdings, possibly in anticipation of a major dip, with plans to re-enter the market at lower price levels.
Market Sentiment vs. Technical Analysis:
While the majority of market sentiment has shifted bearish, our technical analysis supports the hypothesis that a solid bottom may have already been established. Confirmation around the $42,710 mark is crucial, as it aligns with our analysis and adds credibility to the anticipated bullish move.
Negative News Impact:
Negative news surrounding the BRC-20 Ordinals token potentially replacing Bitcoin has caused concern and contributed to the recent decline. However, the consensus is shifting towards optimism, especially with the looming prospect of an upcoming ETF, which could act as a significant catalyst for Bitcoin's resurgence.
Conclusion:
In conclusion, the technical analysis for Bitcoin presents a compelling case for an imminent bullish impulse. The convergence of multiple indicators, coupled with strategic whale transfers and shifting consensus towards an upcoming ETF, all contribute to a positive outlook. Traders are advised to remain vigilant for confirmation around the $42,710 mark, as it serves as a key validation point for the anticipated bullish momentum.
OKB (OKB) OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world and currently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx is similar in many aspects to the cryptocurrency exchange giant Binance, but there are a few key differences. The OKEx platform has its own cloud mining service, and the company has a more focused reach in providing options trading for users. Meanwhile, Binance strives to offer a broad range of crypto services globally
After Ht , OKB is another exchanges token were green for three weeks and trying to breaks its down trend but as you can see it moves in couple of arcs, the first big resistance for okb is 23
tp 17.9 , 18.3 , 18.9 , 20 , 21
sl 14.5 , 14
which exchange token got the biggest gain potential in a long term and why?
Loom Network | LOOMThe price of Loom Network is $0.10 today with a 24hour trading volume of 2 million dollar. This represents a 55% price increase in the last 24 hours and a 145% price increase in the past 7 days. With a circulating supply of 830 Million LOOM, Loom Network is valued at a market cap of 90 million dollar.
Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.
The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with.
In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language.
As such, they can easily integrate their applications with the outside world.The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.
bulls broke 0.069$ wall and here we are
www.tradingview.com
THE ETHEREUM BARRIER: WHAT’S REALLY KEEPING IT BELOW $2K?Ethereum struggles to surpass the $2,000 threshold despite numerous attempts.
This resistance mirrors the $425 barrier Ethereum faced in 2018-2019.
A strengthening U.S. dollar has dampened Ethereum’s appeal.
Ethereum‘s ascent to the revered $2,000 mark has been a watchword for many in the financial sector. Yet, every time it seems on the verge of breaking past this psychological threshold, it’s repelled back with unnerving consistency.
If you’re pondering the forces at play that prevent Ethereum from making that crucial leap, you’re not alone. Let’s delve into the core reasons tethering this cryptocurrency giant below its full potential.
A Reflection of the Past: Bearish Cycle Patterns
It’s eerily reminiscent, of how Ethereum grapples with the $2,000 barricade today. Cast your mind back to the 2018-2019 period when the crypto’s upward trajectory halted near the $425 mark. Like a recurring nightmare, Ethereum finds itself in a seemingly parallel situation.
Eying a bullish surge past its 0.236 Fibonacci retracement, Ethereum, in both instances, was met with strong resistance – previously at $425 and now, unsurprisingly, around the $2,000 range. A barrier solidified further by traders’ anticipation and reactions.
Few can underestimate the influence of the world’s reserve currency, the U.S. dollar, on global assets. Ethereum is no exception. With a strengthening U.S. dollar, the appetite for Ethereum has undeniably waned.
The evident negative correlation between major cryptocurrencies and the dollar has long been established. In 2023, this correlation with the dollar index, specifically for Ethereum, has been palpably negative.
Yet, the dollar isn’t the sole heavyweight influencing Ethereum’s price trajectory. Bitcoin, often seen as the crypto market’s guiding star, has overshadowed Ethereum throughout 2023.
With the widespread chatter and excitement surrounding potential spot Bitcoin ETFs, Ethereum has paled in comparison. To paint a picture, the ETH/BTC pair, a commonly referenced metric, has dwindled by 20% this year.
Moreover, if we’re delving into numbers, Ethereum-focused investment funds have seen a net loss of $114 million in capital in 2023. In stark contrast, Bitcoin-centric funds experienced an influx of $168 million during the same timeframe.
Tenet Protocol | TENET The price of TENET is $0.25 today with a 24hour trading volume of 10 million dollar. This represents a 14% price increase in the last 24 hours.
TENET is a Layer1 Ecosystem for LSDs, dedicated to unlocking liquidity and safely increasing yields.Tenet partners with Ankr and recently listed on Kucoin, mexc, gate and bybit
TENET’s wallet, Eva, designed to onboard retail investors to TENET DeFi. It will allow users to stake assets, re-stake to TENET, optimize LSDs within our ecosystem, and provide the industry’s first Mobile Wallet AI chat, to help users find DeFi information and interact with pre approved onchain actions.
we managed to invest at 0.17 and taking good profit now
Ethereum -> Is This Still Bullish?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here.
Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
$GRIMACE: yet to be historical s##tHello, dear community!
$GRIMACE is $80 now. I think I nailed my previous forecasts here . Now its time to set new targets.
I'll be brief and to the point today because everything from the last idea is relevant, only new targets are have to be determined.
Today there was a slight correction accurate to .618 Fibo level. Now the price starts to consolidate between $75-85. If we set Fibo extension, we`ll get targets at $ 114/143/190. About x2.5 short-term potential.
Long-term? The same as in previous idea, $1000 per 1 Grimace.
Good luck 👾