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BTCUSD Rejecting Downward Trend @ $57k - Watch What Happens NextThis is a followup video to my earlier BTCUSD analysis - suggesting BTCUSD would find support near $57 and rally (eventually) to over $90k. I found it interesting that I received a few comments on that last video - some in support and others thinking I was wrong. But, now, with BTCUSD clearly attempting to reject any further downward price action near the $57k level - we get to see how this plays out in REALTIME. Watch this video to learn why I believe the big move for BTCUSD won't happen till after August 15, 2024 (a +$6k move). Then, we'll have to wait till later in September for the major FLAG pattern to complete - leading to an even bigger upward price breakout. I love this type of analysis and I love sharing it with everyone. Watch my other videos if you want to learn more about what I do and how I help traders prepare for the biggest opportunities. Watch this play out in realtime with BTCUSD. If I'm right, we'll see $62k again before August 20th, then move into a broader FLAG formation before the next big breakout happens. Go get some.
BITSTAMP:BTCUSDLong
by BradMatheny
2
Is ETHBTC Pair Turning Bullish?ETHBTC pair can be turning bullish, as we see strong rebound after a completed corrective decline by Elliott wave theory. We talked about ETHBTC pair back on May 14th, where we mentioned and highlighted the completion of an (A)-(B)-(C) corrective setback with the wedge pattern within wave 5 of (C). As you can see today on July 05, ETHBTC pair bounced from projected 0.045 support area, which can be signal that it’s turning back to bullish mode, especially if breaks back above 0.061 region. Regarding dominance in the Crypto market, ETHBTC chart can be one of the reasons that ALTcoin dominance may kick in soon, so new ALTseason could be around the corner.
Long
by ew-forecast
2
BITCOIN will find support above $57k & Rally To $90k In 2025.I thought I would look at BITCOIN as I've been doing my Plan Your Trade videos. I don't follow BITCOIN much - but the skills I teach related to price channels, Fibonacci Price Theory, Anchor Bars, Fibonacci Retracement/Extension, and others can be easily applied to any chart. So, I created this video to share with you how I look at opportunities and pertinent price formations. First, I see a FLAG formation that is nearly complete. Second, I see a 100% measured move that has prompted the stalling price action (the FLAG). Third, I see multiple price channels leading to a robust possibility for a rally phase in BITCOIN later this year and into 2025. Lastly, I paired my analysis of BITCOIN with my expectations for the US Indexes. Thus, if I were expecting a broad market collapse over the next 6 to 12+ months, I would bias my decision-making towards the downside as asset declines typically result in all assets moving downward for a brief period. Watch this video and let me know what you think. I've laid out an A (bullish) vs. B (bearish) scenario for everyone and highlighted key levels of support/resistance for traders. At this point, I believe the strongest outcome for BITCOIN is a bullish rally targeting $90k+
BITSTAMP:BTCUSDLong
by BradMatheny
6
Are Bitcoin And ALTcoin Friends In Summer Consolidation?Since 2018 Bitcoin and other cryptos were mostly consolidating through summer before they eventually broke out, in September or October. If we take a look at BTCUSD chart from Elliott wave perspective, we can see it unfolding a five-wave bullish cycle. Notice that final subwave V can be still missing, so after current wave IV correction that can take even more time through the summer, watch out for a bullish resumption within wave V.
BITSTAMP:BTCUSDLong
by ew-forecast
ALTcoin Market Has An Incomplete Impulsive CycleIf we take a look at ALTcoin market cap with ticker OTHERS, which excludes top 10 cryptocurrencies, we can see it retesting April lows due to lower ALTcoin dominance. But, the wave structure looks corrective, so it’s clearly in a higher degree wave 4 correction. Ideal support comes around 38,2% Fibonacci retracement and base channel resistance line, so around 200B area or slightly lower, from where we will expect a bullish continuation for wave 5.
CRYPTOCAP:OTHERSLong
by ew-forecast
4
Crypto Market Update: It's Eyeing March HighsWe talked about Crypto market on May 21, where we mentioned and highlighted an ongoing five-wave bullish cycle within wave (5). After recent sideways consolidation, which looks like a bullish triangle pattern in wave 4, seems like it's now headed towards March highs for wave 5 of (5) at least up to 2.7T - 2.8T area. Any stronger extension higher towards 3.0T all-time highs area would be signal for an extended wave (5) or alternatively wave (3).
CRYPTOCAP:TOTALLong
by ew-forecast
ADA TM : 1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
Near Protocol: Bullish Breakout or Bearish Signal? Near Protocol: Bullish Breakout or Bearish Signal? A Potential 37% Downturn Near Protocol (NEAR) has been a beacon of relative stability in the volatile cryptocurrency market of 2024. While other altcoins have plunged, NEAR has managed to hold its ground. However, a recent price movement has some analysts sounding the alarm, suggesting a potential 37% crash on the horizon. Wedge Pattern and the Analyst's Call In early May, NEAR formed a technical chart pattern known as a "wedge." This pattern is characterized by price fluctuations confined within a narrowing range, with trendlines converging towards a point. While breakouts from wedges can signal either bullish or bearish continuations, the specific characteristics of NEAR's breakout have a crypto analyst predicting a significant downturn. The analyst argues that the way NEAR broke out of the wedge is a bearish indicator. They believe the price may experience a period of consolidation around its current level ($7.30 as of May 31, 2024) before an "impulsive" downward movement. This movement could initially see the price drop by 8% to $6.78, followed by further declines to $6.00 and a potential bottom around $4.60. If this scenario plays out, NEAR would experience a total decline of 37%. Metrics Supporting the Downturn Theory The analyst's prediction finds some support in recent developments surrounding NEAR's market metrics. After a strong start to 2024, NEAR has seen a decline in price over the past month. This price drop coincides with a notable decrease in daily trading volume, suggesting a potential weakening of investor interest. While NEAR has outperformed many other altcoins, the overall bearish sentiment in the cryptocurrency market could also play a role in its future price movement. A broader market downturn could drag NEAR down even if its project fundamentals remain strong. Understanding Wedge Patterns and Analyst Predictions It's important to remember that technical analysis, including wedge patterns, is not an exact science. Past performance is not always indicative of future results. While the analyst's prediction offers a bearish perspective, it's just one voice in a crowded space. Here are some additional factors to consider: • Positive News and Developments: News about partnerships, project developments, or upcoming upgrades could trigger renewed investor interest and push the price upwards. • Market Sentiment Shift: A broader shift in market sentiment towards optimism could buoy NEAR's price regardless of the technical indicators. • Unforeseen Events: Unexpected events, both positive and negative, can significantly impact the cryptocurrency market. Investor Takeaway: Research and Diversification The potential for a 37% decline in NEAR price should be a wake-up call for investors. It underscores the inherent volatility of the cryptocurrency market. Investors should thoroughly research NEAR's project fundamentals, roadmap, and broader market outlook before making any investment decisions. Diversification is also crucial. Spreading investments across various cryptocurrencies and asset classes can help mitigate risk. Conclusion Near Protocol's recent breakout from a wedge pattern has sparked debate among analysts. While some see a potential 37% crash on the horizon, others remain cautiously optimistic. Ultimately, the future price movement of NEAR will depend on a combination of technical factors, project developments, and broader market sentiment. Investors should carefully consider all available information before entering or exiting any NEAR positions.
Short
by bryandowningqln
1