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Cryptorphic

#BTC/USDT Update, Breakdown or a Deviation?#Bitcoin is breaking down on the 4-hour chart, with daily support around $64,300. A break below daily support could potentially take BTC down to $60k. I believe this choppiness will persist for a while. It might be wiser to stay on the sidelines for now. Use strict stop losses in leveraged trades and hold onto your spot positions with diamond hands. Even if BTC dips yo the lower levels we will get some good deals in Altcoins. Let me know what you think in the comment section. Please hit the like button. Thank you #PEACE
by Cryptorphic
5
#BTC/USDT Update, $70k on radarAfter 139 days of consolidation, we're witnessing the fifth attempt to break the resistance. Patience is crucial; we need to wait for a confirmed breakout. In the meantime, we'll keep buying the dips for altcoins. **My Thoughts:** BTC is likely to break the $70k zone. The "sell the news" reaction following Trump's speech was quickly bought up. Bulls and institutions are loading up while retail investors remain cautious, waiting for another dip. This creates an ideal scenario for BTC to break to the upside. Let me know what you think in the comment section and please hit the like button. Thank you #PEACE
Long
by Cryptorphic
1
#BTC.D Altcoins Dumping?? This is what you need to know!Here's the current dominance chart. Notice the breakdown? This move appears to be more of a retest and it's nearly complete. That's why I'm accumulating some altcoins during dips. Futures trades are risky right now, so I'm holding off on sharing much in that regard. We need to wait for a strong rejection, which seems likely to happen soon. Patience is key, everyone. This is the move we've been anticipating for a couple of years. Let me know what you think in the comments section. Please hit the like button, Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
9
#BTC/USDT Road to $150k!#BTC : Block out the noise. We're far from finished! Each dip presents a new opportunity. You FOMO when the market's green, but turn sceptical when it's red. That strategy won't cut it. Bitcoin Monthly Analysis Update Chart Overview: - Channel Analysis: Bitcoin is in a long-term ascending channel, showing a bullish trend with strong support and resistance. - Historical Patterns: - 2016-2018: 60 bars (420 days), - 2020-2021: 34 bars (238 days), - Current Position: Trading at $66,993.6 nearing upper channel resistance with a target of $115k to $150k. Key Levels: - Support: - $51,682. - $43,285. (High Liquidity Untested Territory) - Resistance: - $66,993.6 - $73,000 Future Projections: - High Liquidity Untested Territory: Retest around $43,210.7 could be a strong buy. - Bullish Scenario: Breaking current resistance targets $115,000 - $150,000. - Bearish Scenario: Failure to break $70k resistance may lead to correction towards support levels in the high liquidity zone, GETTEX:48K to $60k. (Will update as the time goes and more candles are printed), less likely scenario but possible. Am I scared or selling? NO! I am holding BTC and Alts. Market Sentiment: Volume increase during last bull run suggests bullish sentiment, but traders should be ready for volatility. Conclusion: Bitcoin remains bullish within the ascending channel. Monitor key levels to capitalize on market movements. DYOR, NFA 🚀 #Crypto What do you think?
OANDA:BTCUSDLong
by Cryptorphic
2
#BTC/USDT Hit our Target $63k What's Next? Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision. Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain whether we are out of the woods yet. The best strategy now is to start positioning into altcoins while holding BTC. Over the past 3-4 weeks, I've posted insights on 40 altcoins. Feel free to review those, as I'll be sharing 30 more promising altcoins starting today, so make sure to follow me. Returning to the chart, if BTC breaks above the $63k level, we could see it trading around $70k+ in the short term. The mid-dotted line, which previously acted as support, has now turned into resistance. A breakout above this level could be very bullish for the market since the same level aligns with Multiple EMAs. We are almost there; patience is key. The most reasonable move now is to wait for a breakout above $63k. A break and close above this level would signal a strong opportunity to go long on both altcoins and BTC. I will keep this chart updated and inform you of any significant changes, whether the breakout occurs or not. So, follow me and share these charts with others. Don't forget to hit the like button. Please share your views, questions, or altcoin requests if you have any. Thank you. PEACE
by Cryptorphic
11
#PEOPLE/USDT Futures Trade Setup!If you're seeking a low-risk, high-reward setup, SEED_DONKEYDAN_MARKET_CAP:PEOPLE looks promising to me. Entry Range - Entry: $0.06180 to $0.06022 - Stop Loss (SL): $0.05977 Risk Reward:- 1:14 (Highly lucrative) but SL is a must! Target Levels - First Target: $0.06477 - Second Target: $0.06677 - Third Target: $0.06987 - Fourth Target: $0.07322 - Fifth Target: $0.07677 Remember to Do Your Own Research (DYOR) and note that this is Not Financial Advice (NFA). If you consider this trade, I repeat SL is a must. #Crypto #peopleusdt
Long
by Cryptorphic
#BTC/USDT Weekly Analysis, $44k or $58.5k, Fib Levels.#BTCUSDT Weekly Update: BTC is trading just below the crucial level of $58.5k. Let's look at the current situation. Current Situation: - BTC is in a precarious position. The $51k level corresponds to the 0.382 Fibonacci retracement, which hasn't been tested yet. - The 0.618 Fibonacci retracement, often referred to as the "golden pocket," is also yet to be tested. - A close below the 0.382 level could drive BTC down to $44k or even $38k. This isn't fear-mongering, just a straightforward chart analysis using Fibonacci Retracements. Such a move would likely trigger a broader market downturn, with altcoins potentially experiencing 50% further discounts. Possible Avoidance Scenarios: 1. BTC maintains the monthly support level of $56.5k. 2. BTC closes above the $58.5k level, rendering the current price action as a deviation (false breakdown). For those considering entering altcoins, it might be wise to wait for clear confirmations on either side. Let me know your thoughts in the comments section. Bookmark this chart for future updates, and hit the like button if you found this helpful! Share with your friends. Thank you #PEACE
BITSTAMP:BTCUSD
by Cryptorphic
10
#BTC Short Update!#BTC: Holding Strong Within the Box and EMA The anticipated bounce occurred within the expected region, reaffirming our position. Now, it's crucial to observe the weekly close for more clarity. IMHO, avoiding FOMO and waiting for clear reversal signals is wise before making any moves. Will share the weekly chart later today for the exact price levels which BTC needs to reclaim. Let me know what you think in the comment section and please hit the like button if you find my updates helpful. Thank you #PEACE
by Cryptorphic
1
#ETH/USDT in Trouble! $3089 SHOULD HOLD, Else...ETH is currently trading at the liquidity level I mentioned in my updates a few weeks ago. The price has hit the yellow box and is supported by the lower trendline, which has been acting as support since October 2023. This is a crucial level to hold. The lower support of $3,089 is marked by the 200 SMA. Oscillators are excellent tools for indicating changes in momentum and market psychology. If the price breaks and closes below the $3,089 level, it could plummet to the $2,600 area. Conversely, a bounce could send ETH back to the $3,500 area, leading to a relief rally for other altcoins as well. Although less likely, this scenario is still possible. All the 30+ altcoin charts that I've posted in the last 2 weeks are slowly moving to the accumulation area. Will be posting more daily so follow me if you haven't yet! What do you think? Let me know in the comments section, and don't forget to hit the like button. Thank you, #PEACE
by Cryptorphic
#BTC/USDT Broke the support, Next move explained!Welcome to this Idea on Bitcoin. As speculated in my previous update, the price was unable to break the 100 EMA, resulting in a rejection and subsequent decline. Now, $56,452 appears to be the next significant level to monitor. The 200 SMA on the daily chart is also crucial, with the price currently trading around this level. Let's observe if this support holds. It's important that funds currently in meme coins shift to stronger assets, as they are siphoning liquidity from the market. Patience is key here. I've posted over 30 altcoin charts in the last 8 days, and prices are gradually moving towards accumulation levels. If this cycle mirrors previous ones, the current market depression will soon end. We just need to stay vigilant and look for opportunities. **BONUS:** Use the 245 EMA to plot market bottoms on lower time frames (LTF) in the daily chart. It's very useful—try some backtesting. If you like my content, please hit the like button and share your views in the comments section. Thank you. #PEACE
by Cryptorphic
3
#BTC/USDT Critical point. Emergency Update!#BTC needs to break and close above the 100EMA on the daily chart. Keeping it straightforward: until this occurs, the price may target the liquidity below $60k. This is not an opinion, just what the charts indicate! The rejection in altcoins is concerning. While I'm not bearish, BTC is currently at a critical juncture. This is the right time for the bulls to step in! This indicator has been highly effective in identifying local bottoms and tops. Sooner or later, the market will rally for the final wave. Until that happens, be cautious with leverage and view these times as opportunistic for altcoins. dyor, nfa #Crypto Do hit the like button and share your views in the comments section. Thank you #PEACE
by Cryptorphic
#Bitcoin low could be $54169, Here's Why!#Bitcoin monthly support is around the $56.5k level. We've been struggling to break the upper resistance of $73k. The final wave is still due, so remain vigilant in the market. The 9EMA on the monthly chart has been a reliable indicator for dips in the last couple of post-halving rallies. The current price is at $54,169! Even if we reach that support level, not being positioned in BTC is riskier than being exposed to the market, so be thoughtful when making your decisions. Remember, the market aims to bore you and kick you out. Don't let them play with you. WAGMI Cheers, and don't forget to hit like and bookmark to stay updated. #Crypto #BTCUSDT
OANDA:BTCUSD
by Cryptorphic
6
#Bitcoin Urgent Update!#Bitcoin just hit the yellow box, validating this chart with 100% accuracy. Lesson: Charts don't lie! $60k is a crucial support level, but there's significant liquidity around the $57k mark. I've been cautioning against leveraged trading for weeks. If you've dabbled in it, you know the struggle—pain and depression are part of every cycle. The market often reverses right after you give up on your altcoin bags and close leverage positions at a loss. It's a recurring pattern. So, I've been advising to stay away from leverage. Even my altcoin holdings are down, and I'm not buying yet. When I do, you'll be the first to know. Follow for more updates and don't forget to hit the like button if you find my insights valuable. Thank you. Stay strong. WAGMI #Crypto
by Cryptorphic
4
#ALTSEASON is knocking the door! Are you prepared??#BTC Dominance: The Moment We've Been Waiting For. The true alt season begins when ALT/BTC pairs start displaying strength, and I believe we're already seeing signs in several altcoins. I'll be sharing more details soon. The liquidity exiting the market is poised to flow into solid altcoins. You have to be patient, No FOMO! Follow me if you don't yet, and hit the like button if you find my insights helpful. When I start entering the altcoins, you'll be first to know! Be patient. Stay strong folks. #Crypto Do hit the like button if you like it and share your views In the comment section. THANK YOU #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
10
#PIXEL/USDT Trade setup#PIXEL is down 70% from its ATH. The orange lines represent token unlocks on the 19th of each month, which typically shows a positive response followed by a subsequent dump. Yesterday's unlock resulted in a green candle today. Technically, it is bouncing from the bottom of the falling wedge pattern, and the RSI is oversold. IMO, This presents a potentially lucrative trade opportunity, DYOR, NFA Do hit the like button if you want me to post more, Thank you #PEACE
Long
by Cryptorphic
Market update: Relief or more Dump?USDT dominance is currently hitting three major resistance levels: 1. 100 EMA (blue) 2. 50 SMA (red) 3. 8-month-old trendline resistance (blue) This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally. Invalidation:- Close above the red zone. dyor, nfa Do hit the like button if you like it and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
5
#BTC/USDT Bullish and BEARISH $57k before $100k??In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing. BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level. The price has already broken below a key pattern, signaling a potential shift in market sentiment. If BTC breaks below the 50 SMA+ 65.5k support, it could trigger a move towards $60.3k, with a further downside target around $57k, where high liquidity and the 192-day trendline intersect, offering strong support. Conversely, if BTC holds above the 50 SMA, it may avoid the bearish breakdown and instead aim for higher resistance levels at $71,452.01 and $73,777.00. This positions BTC at a decisive point, where the next move will likely determine the short to mid-term direction. Traders should closely watch the interaction with the 50 SMA to gauge potential price movements. FUNDAMENTALS :- The fundamentals do not align with the technicals. Here are some important points to consider: HTF: - ETF Approved ✅ - Halving ✅ - Petro dollar expiry with no renewal ✅ - US presidential candidate endorses crypto ✅ - Daily bullish divergence holds for BTC ✅ LTF: - Liquidity taken below ✅ - CPI fell and rates reduced ✅ - PPI fell and rates reduced ✅ Reason for Further Down HTF: $100k charts everywhere but without any pullback! There is a significant amount of liquidity between $50-59k, which is very attractive to big investors and institutions with BTC targets between $130k-$350k. Even if we dip slightly above $51k, the higher low will remain intact, keeping the HTF trend bullish. The current HTF fib retracement is thin compared to traditional optimal entries. Historically, before a new ATH, there's usually a major shakeout causing fear and cheap liquidity for institutions. This hasn't happened yet, making now an ideal time for a retracement amid high bullish sentiment and greed. A typical scenario involves a massive, unexpected dump causing widespread fear, lasting from 10 days to 3 weeks. This provides institutions and big investors with cheap liquidity, setting the stage for a bull run once their positions are filled. So, even with positive indicators, remain cautious. Avoid FOMO for your own sake. It's better to keep cash (At least 40% in USDT to buy Alts at cheap). This is the kind of decisions we didn't see in previous bull runs! Remember that? I hope this post helps you. If it did, please hit the like button and share your views in the comment section. Thank you #PEACE
Short
by Cryptorphic
3
#Bitcoin, levels to watch.#BTC : Nice recovery over the weekend; should hold the same by the end of weekly close. The price is stuck between FWB:67K and $71.3k. The main support below FWB:67K is $60.3k. Break and close above $71.3k would signal another attempt for a new ATH. Unless we break either of these levels, Bitcoin remains choppy. If you're playing on leverage, stay cautious and keep an eye on the weekly close. I have an announcement to make, stay tuned! Please hit the like button if you like my posts. Also, Let me know what you think in the comment section. Thank you #PEACE
BITSTAMP:BTCUSDLong
by Cryptorphic
6
#BTC/USD Forecasts Suggest a Rally to $85,000 in Q3!📊 BTC/USDT Technical Analysis by Cryptorphic 📊 As of June 3, 2024, BTC/USDT is showing promising signs of a potential breakout. The price action is currently testing the upper boundary of the bullish flag in weekly, with significant support levels around $62000. 🔍 Key Levels: - Support: $62,959.01 - Resistance: $69,001.80 (Current Price) The 200 EMA has acted as strong support, with the price bouncing off the highlighted support zone multiple times. The recent bullish momentum suggests a breakout could be imminent. 🟢 Bullish Scenario: - A breakout above the current resistance of around $69,000 could propel BTC towards the next psychological level of $72,000 and beyond. According to Fibonacci extension levels, BTC could reach approximately $86,700 within the next 6-8 weeks. 🔴 Bearish Scenario: - Failure to break above the resistance may lead to a retest of the $62,959.01 support level. Stay tuned for more updates and trade wisely! 📈 Please hit the like button if you like my charts. Thank you #PEACE
GEMINI:BTCUSDLong
by Cryptorphic
2
#NEAR/USDT Can this Altcoin hit $100?🚀 NEAR/USDT Trade Update🚀 NEAR is trading at an attractive price point. It already broke out on 14th May and has been retesting for the last 2 weeks. It is one of the few coins I will be holding with low leverage for the next few months. - Entry: $7.462 add up to $6.15 if it gets there. - Target: $30.201 to $100 - Stop Loss: $5.926 This altcoin can easily hit $100 by the end of this bull run! 🚀🌕 It is one of the strongest altcoins in AI and Big Data Narratives. DYOR, NFA Please hit the like button and share your views in the comment section. #PEACE
by Cryptorphic
8