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🔍 Bitcoin Halving 2024: Unraveling the Next Big Rally🔥CRYPTO:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. With only 17 days left until the monumental #Halving2024 event ⏳, the anticipation within the crypto community is palpable. Bitcoin ( CRYPTOCAP:BTC ), the trailblazer of cryptocurrencies, is already trading above its All-Time High (ATH), signaling a market that is ripe with optimism. But the real spectacle? It's just on the horizon. 65K is my ideal support for further corrections. Follow me for more insights ... 🚀🌕 📈 What to Expect? Historically, Bitcoin undergoes a halving event every four years, a process that cuts the mining reward in half. This deflationary mechanism reduces the new supply of Bitcoin, potentially leading to an uptick in price as demand continues to rise against a limited supply. The aftermath of past halvings has witnessed substantial rallies, and the question now is, not if, but how high will CRYPTOCAP:BTC soar post-Halving2024? 🔑 Key Insights: Our analysis delves deep into the historical data, comparing pre and post-halving market behavior. The patterns observed suggest a 'wild mode' activation for Bitcoin, often kickstarting a major bull run. But what makes this halving event different? With CRYPTOCAP:BTC already above its ATH, the stage is set for unprecedented growth. 💹 🧐 The Break Point: The Halving Event is often regarded as a Break Point for Bitcoin, a transformative phase that catapults it into a new valuation territory. Our projections, rooted in sophisticated economic models and historical trend analysis, point towards a bullish explosion that could redefine market expectations. 🌐 📊 Strategy for Investors: The countdown to the halving is a critical period for investors. Being early in accumulating CRYPTOCAP:BTC and altcoins could position you advantageously for the impending rally. Our advice? Don't wait for the market to move post-halving. The opportunity is now. Accumulate, diversify, and prepare for the ride of a lifetime. 📈 💥Be Part of the Revolution: #Bitcoin's halving is not just an event; it's a testament to the resilience and revolutionary nature of cryptocurrencies. Join us as we navigate through these exciting times, armed with data-driven insights and a community of passionate investors. Whether you're a seasoned trader or new to the crypto space, now is the time to be part of something extraordinary. Let's embrace the future, together. 🚀🌕 #Halving2024 | #BTC | #CryptoRally
CRYPTO:BTCUSDLong
by CrazyS
2
Ethereum's Price Action Approaches Critical Resistance ZoneCurrent Situation: Ethereum's price action is at a critical juncture, pushing into the former-support-turned-resistance zone of $2,600-$2,900. A break above this zone would strongly suggest that a significant low has been established. Technical Analysis: Ethereum is also attempting to re-enter the descending price channel that has characterized much of the year’s correction. If this movement turns out to be a false breakdown, we could witness a sharp, explosive rally, reinforcing the adage, “From false moves, come fast moves.” Market Comparison: In comparing Ethereum to silver and Bitcoin to gold, it's noted that Ethereum tends to act as a leveraged position relative to Bitcoin. If a genuine crypto rally is beginning, Ethereum is likely to surge quickly, reflecting silver's historical performance relative to gold. #Ethereum #CryptoAnalysis #ResistanceZone #MarketTrends #TechnicalAnalysis #CryptoRally
COINBASE:ETHUSD
by Richtv_official
LINKUSD: Rallying Back to $20 | 72.73% Confidence!COINBASE:LINKUSD has been drawing a lot of attention in the crypto space in the past few days. It experienced a significant drop in price (-47%), but now it's starting to show signs of a potential rebound and might be heading bullish again. Here's the breakdown: COINBASE:LINKUSD price took a major hit over the past 2-3 months and has been consolidating since. According to my Free Probability Indicator , There's a 72.73% chance it could climb back over $20, which is pretty much encouraging! This price drop might actually be beneficial as it presents a great opportunity to buy LINK at a lower price. If you're thinking about trading LINK, here's what you should consider: Entry: Wait for clear signs that the price is going up again, like huge up-move candle showing strong positive movements on the daily chart. Once you're confident the trend is changing, consider buying LINK. I'm currently looking at the 4H Equilibrium to get positioned. Exit: To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits. Risk Management: Ensure you're not risking more money than you can afford to lose. Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned. This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.
COINBASE:LINKUSDLong
by Fractalyst
Doge Bull Run ProjectionsAs alt coins gear up for the next market cycle Doge coin has seen alot of hype over the potential use case with twitter. The chart is the ultimate culmination of all buying, selling and the cycling there of. Twitter or no twitter Doge along with many other alts are leveling off and exposing their momentum. Applying current cycle price action to average market cycles produced by similar action we can begin to make some possible projections. This chart is a weekly line chart showing the current rate of progression matched up with the past outcome of similar action.
CRYPTO:DOGEUSDLong
by Degen-Dynasty
16
XRPUSD (Ripple) sitting on a major down trend lineYou probably know that so far we've experienced 3 major bullish crypto cycles. What you might not know is that each of those bull runs has 5 phases. Phase 1: Bitcoin starts increasing Phase 2: Bitcoin keeps on increasing and Ethereum starts rallying as well (This is where we're likely right now) Phase 3: Both Bitcoin and Ethereum keep increasing. Ethereum might outperform Bitcoin in some periods. Other major cryptocurrencies like Ripple start their rallying period as well Even though the current crypto bull run has started earlier then expected, so far it's structure is very similar to the previous rallies. If we are to judge by them, this means that we are likely in phase 2 and soon may go into phase 3. If that is the case, very soon, Ripple can start it's ascend and the technical analysis confirms such an opportunity. Monitor this chart for a breakout
BINANCE:XRPUSDLong
by RTED_Investing
4
After Bitcoin’s Stunning Rally. What Next?Bitcoin is surging through expectations defying rally. Bitcoin (“BTC”) stands 22% higher over the last seven days. At its highest on 28 Feb 2024, BTC at USD 64k was 7% shy of its all-time-high. Recent bitcoin (“BTC”) performance harkens back to the euphoric bull runs. Market metrics signal more steam in store. This note discusses BTC’s recent rally and the road ahead. Anticipating short-term consolidation, this paper posits a short position in BTC/ETH ratio. BITCOIN RALLY HAS MORE IN STORE BTC is soaring fuelled by a range of tailwinds including strong demand from newly listed spot BTC ETFs, expected BTC halving, and a broader crypto market rally. 1. On-chain metrics do not signal significant profit taking (yet). Long-term holders have shown resilience despite significant gains in their holdings. Unrealized gains can be inferred by the market-value-to-realised-value (“MVRV”) indicator . MVRV assesses the market capitalization of BTC relative to its realized capitalization. It is determined by the price at which coins were last traded. Current MVRV of 2.5x indicates that the current BTC prices are >2.5x the price at which coins last moved. Despite this, BTC supply that has remained unmoved in the past one year has remained surprisingly resilient. Supply not moved in more than a year is down 3.75% over the past three months while prices have rallied 53% and MVRV has remained >2x. During previous cycles, particularly, when price peaked, MVRV was closer to three times, profit taking rates were high causing physical BTC to change hands rapidly. Current conditions do not match previous drawdowns suggesting potential for consolidation limiting further gains. Past performance does not necessarily imply future trends. Current exchange inflows are near record highs. A substantial portion of these is from short-term holders rather than long-term holders. Source: Glassnode 2. Continued spot buying as well as strong ETF demand. ETF demand shows no signs of slowing. Since putting our last paper on 26th Feb , an additional USD 2.3B of inflows have surged into spot ETFs. The pace of daily net flows to ETFs reached its highest level to date on 29th Feb. Demand remains so solid that NASDAQ:IBIT became the fastest ETF to reach USD 10 billion in AUM, just 51 days after launch. Fidelity’s AMEX:FBTC is not far behind at USD 6.2 billion in AUM. GBTC outflows have continued but the pace of inflows has not reached those seen at the beginning. In addition to fund flows, traded volumes have also remained elevated. BTC ETF volumes reached USD 11 billion on 28th Feb when prices soared above USD 60k for the first time. Volume on ETFs was particularly high when price rallied to its peak of USD 64k. 3. Funding rates and options smile . Funding rates on BTC perpetual futures signal elevated levels of speculative bullish demand. Funding rates are at levels observed during past bull runs. Options markets are also pricing in further upside after last week. BTC options volatility curve of BTCH24 (March 2024) has shown a far higher forward skew compared to prior week. This is indicative of higher price for calls (bullishness) compared to puts (bearishness). Source: QuikStrike Call/Put skew over the past month shows that skew for calls have started to expand once more following sharp rally above USD 60k on 28th Feb. Source: QuikStrike BITCOIN NOW FACES RESISTANCE Source: Coinglass BTC market suffered large liquidations following sharp rally on 28th Feb. Liquidations were spread across both longs and shorts, but overall short liquidations were higher. Across two more periods when price failed to surpass USD 63k definitively, long positions were liquidated once more. Still, since then liquidations have been much smaller than the peak. Price remains rangebound after crossing USD 60k. It faced resistance crossing past USD 65k and maintained support above USD 60k. BTC-ETH SPREAD LIKELY TO RALLY BTC rallies typically precede ETH rallies as described before . Since that paper was published, the spread is merely 4% lower. The spread remains elevated relative to historical levels. ETH has its unique tailwinds pushing it higher independent of BTC and the broader crypto market. Higher ETH burn due to greater on-chain activity is reducing ETH supply. Moreover, decisions on spot ETH ETFs are expected by May 2024. While the final decision remains uncertain, the approaching deadline is likely to fuel bullish sentiments. HYPOTHETICAL TRADE SETUP BTC price is sharply higher and close to its previous all-time-high. Tailwinds for BTC remain intact. It faces near-term price consolidation following the sharp rally. BTC price consolidation will favour ETH in BTC/ETH spread. ETH outperformed BTC during periods of consolidation in the past. A spread position comprising of long Micro ETH futures and short Micro BTC futures allows investors to gain exposure to this trend with a 50% margin offset. Micro ETH futures offer exposure to 0.1ETH and Micro BTC futures provide exposure to 0.1BTC. Thus, eighteen contracts of METH2024 are required to match notional for one contract of MBTH2024. The below hypothetical trade setup offers a reward-to-risk ratio of 1.8x: • Entry: 18.35 • Target: 16.87 • Stop Loss: 19.50 • Profit at Target: USD 5,255 (+8.1%) • Loss at Stop: USD 4,025 (-6.2%) • Reward to Risk: 1.3x MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. 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CME:MBT1!Short
by mintdotfinance
🚀 #LRC/USDT Ready to Soar! Join the Rally Now! 📈🔥Attention all traders! 🚨 It's time to jump on the #LRC/USDT rocket ship! Loopring is showing impressive potential, and we're in for an exhilarating ride. Don't miss out on this opportunity to join the rally! 📊🚀 Chart Analysis: Pair: LRC/USDT Timeframe: Daily Key Observations: Bullish Momentum: Loopring (LRC) has been demonstrating significant bullish momentum lately. The price is on the rise, indicating strong market interest. 📈💥 Support Zone: There's a solid support zone in place, suggesting a robust foundation for potential upward movement. 🧱🚀 Technical Breakout: A recent technical breakout is a positive sign, indicating a potential surge. 🚀📊 Trading Plan: Entry: Consider entering a long position now while the price is on the rise. Look for confirmation of the bullish trend. 📈🔥 Stop Loss: Implement a well-placed stop loss to manage risk effectively. Protect your capital. 🛡️💰 Take Profit Targets: Set profit targets based on your trading strategy and risk tolerance. Be prepared for both short-term and long-term scenarios. #Loopring #CryptoRally #BullishTrend #LRCAnalysis #Cryptocurrency #TradeSmart #CryptoTrader Disclaimer: This is not financial advice. Make sure to do your research and consider consulting with a financial advisor before making any trading decisions. Always use proper risk management strategies. Get ready for an exciting journey with Loopring! Join the conversation in the comments and share this post with your trading buddies. Let's make this analysis go viral! 🚀🔥💹 Note: TradingView posts are for educational and informational purposes only. Remember to conduct your research and employ proper risk management when trading cryptocurrencies. 📚📊
CRYPTO:LRCUSDLong
by STP_MrNodeItAll