BTCUSD Trade the Triangle's break out.BTCUSD is trading inside a Triangle that has been holding for 3 weeks. Both the 4H (RSI = 52. 631, MACD = 105.300, ADX = 23.108) and 1D (RSI = 52.837, MACD = 205.700, ADX = 20.677) technicals are neutral, so the best approach would be to wait for the price to break out of the Triangle regardless the direction and trade accordingly.
Over it, we will target the R1 (TP = 31,000), while under it, we will target the S1 (TP = 27,000).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Cryptos
Bitcoin short-term updateBitcoin short-term update
(a) BTC reached my called bearish target of 28,728👀
(b) next bearish target at 27,950🐻
(c) next bullish target at 29,305🐂
How was your day dear Crypto Nation?😎
Comments💭Likes & Follow🔗appreciated
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
The Bitcoin Event Of 2023The Next Big Bitcoin Event
Its getting to that time again the next Fib time sequence is around the corner, for months I have been going on about the next date, the last week of June 2023. Last year we managed to predict the biggest move of 2022 end of May/June 2022.
I would say I was pretty dam close and if you look at the date of that publication that was January 2022 so months before this timeframe, I already knew the outcome and it was all because of this Fib time sequence I have been using for over a year now.
When it comes to technical analysis I focus a lot on time, I think time is the key to be ahead when these macro pivots come and so far on a macro timeframe, we been successful since the start of 2022. The Fibonacci time sequence you see the main chart about is one I’m currently following closely even though is not the one, I have been following for over a year it still lines up to last week of June 2023.
If we look at the last cycle when can see that the timeframe between 0.5-0.618 happen to be a major pivot.
If we zoom in, we can see how closely 2019 its following, if we continue mirroring then its possible we see 38k top by end of June 2023 and come May 8th (0.5 Fib) we shall start seeing the pivot to the upside. Many traders are pointing to a retest of the top of previous resistance which was 25k , I think that is also possible but we would have to close above the 0.382 fib Fan to keep this rally alive , so a wick down to 25k and a close above 26k , just like it did march 6th 2023 with that massive weekly candle wick.
This date May 8th is lines up closely with the next FOMC meeting where will see what rate hike we will get if we get a pause, it would be setting up perfectly for one leg up, history shows that pauses cause short term rallies which are then followed by massive drops.
USDT dominance broke and closed above the 2/1 Gann Fann that I was watching closely which is not a good sign at all , if Bitcoin did wick to 25k then its most likely USDT would go up to the 3/1 Gann fan which is where it got rejected last time again march 6th 2023.
The bump and run that took Bitcoin out of a bear market last cycle gave us the pico top at 13.8k which was the 0.618 , this was the technical breakout target of the bump and run reversal
So this is where things getting interesting, the technical breakout target of this years bump and run that did the same thing as last cycle, took us out of a bear market is 60k , that’s right folks that’s the target of this Marco pattern.
So now to the doom and gloom the red dashed projection on the main chart. Every cycle we make a Marco double bottom , it will be a black swan event , last cycle it was covid this cycle war/banking etc many catalysts out there pick one , here it does not matter if it comes we go in heavy because we will be expecting it.
As you can see the double bottom happens before the halving event always and we are about 300days off the next which is in April 2024 so it is possible that we get the “pivot” for the crash coming last week of June 2023 if we keep on making lower lows on the daily week after week.
This year it is definitely much harder to call a direction, most of the market thinks we have plenty of time to move up but for me its 60days for the move whether is up or down it all depends for me on holding that 0.382 fan fib , we start closing under it come end of June then red projection is likely to play out , one thing for sure coming into this timeframe things are going to get crazy.
Stmx Building Up for Massive Recovery Seems Like Has Already Bottomed Out And Building For Massive Breakout Testing Multiple Resistances At Same time Major Trendline Counter trendline Breaking bullish Pennant Once these resistances got cleared Recovery Will Be solid & Massive Expecting 400 to 450% bullish Wave Incase Of Successful breakout
DERO RisingDero is a privacy-focused cryptocurrency that aims to provide fast, secure and anonymous transactions utilizing innovative blockchain technologies. The focus is on enhanced Privacy and Smart Contracts while maintaining the transparency and security of the blockchain. DERO is the first crypto project to combine a Proof of Work blockchain with a DAG block structure and fully anonymous transactions based on Homomorphic Encryption.
DERO will be the first Homomorphic Encryption based blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains. At present DERO has Smart Contracts on old CryptoNote protocol testnet. For a closer look at the salient features of the DERO project: github.com
Price Action: DERO hit a recent low of $3.75 on 10 March and surged 154% in the following weeks to hit a 2023 high of $9.54. It has now retraced 26% since then and has found support around the 50 day Simple Moving Average (SMA) ie. $7.11
This could be an interesting time to accumulate DERO for the next bull-run.
Bitcoin Long Trade (High Risk)Interesting fractal appearing here on the 1hour , this is the same fractal that appeared when Bitcoin made that massive bear trap down to 19.5k.
This fractal appears in all timeframes and it is a bottoming fractal most of the time.
The higher the timeframe the bigger the move , this was the fractal that formed at 15-18k range.
Closing above the blue line within this pattern would be key here to long ,risky one no doubt.
STXUSDT HIT HIS FIRST TAKE PROFIT "Based on my analysis, I believe STAX (STX) has strong potential for SHORT term growth. I recommend considering SHORT position with a buy entry point at . My target for taking profits is at . Please note that investing in cryptocurrency involves risks and it's important to do your own research and make informed decisions. #Ethereum #Crypto #Investment"
Remember to always provide a disclaimer that investing in cryptocurrency carries risks, and it's crucial for individuals to conduct their own research and make informed decisions based on their own risk tolerance and financial situation. Additionally, please make sure to comply with any applicable laws and regulations related to financial advice or investment recommendations in your region.
etherieum/tethreus analysis (EthUsdt) Based on my analysisBased on my analysis, I believe Ethereum (ETH) has strong potential for long-term growth. I recommend considering a long position with a buy entry point at $1895. My target for taking profits is at $2150. Please note that investing in cryptocurrency involves risks and it's important to do your own research and make informed decisions. #Ethereum #Crypto #Investment"
Remember to always provide a disclaimer that investing in cryptocurrency carries risks, and it's crucial for individuals to conduct their own research and make informed decisions based on their own risk tolerance and financial situation. Additionally, please make sure to comply with any applicable laws and regulations related to financial advice or investment recommendations in your r
BTCUSDTHello traders ,what do you think about BITCOIN ? After reaching the resistance zone of 32000, Bitcoin fell as expected with the formation of a negative divergence. Next, we expect to fall to the specified support zone and then start its upward rally to the zone of 38000.
If this post was useful to you, do not forget to like and comment.❤️
XRPUSD This pullback is a great buy opportunityXRPUSD crossed today under the MA50 (1d) for the first time since March 21st, exactly 1 month ago.
Trading inside a 10 month Channel Up, when it touches its bottom again, it will be the best buy opportunity on a 4 month basis.
Trading Plan:
1. Buy near the bottom of the Channel Up and after the MACD makes a Buy Cross under 0.
Targets:
1. 0.65000 (top of the Channel Up).
Tips:
1. The Golden Cross (1d) has been present on both tops of the Channel Up.
Please like, follow and comment!!
Notes:
This is a continuation of this trading plan:
LYXEUSD Pullback has startedLYXEUSD/ LUKSO made a Higher High on the 10 month Channel Up and should pullback to at least the 1day MA50.
As the 1day RSI got rejected on the absolute Resistance, the pullback can be even stronger as low as -50% and the bottom of the Channel Up.
Sell the current price action and buy on the 1day MA200. Target 21.000.
Follow us, like the idea and leave a comment below!!
Bitcoin (BTCUSD) At Possible Support Area Bitcoin cycle from 3.10.2023 low has ended with wave 1 at 31035. Internal subdivision of wave 1 unfolded as a 5 waves impulse. Wave ((i)) ended at 20874 and pullback in wave ((ii)) ended at 19893. The crypto-currency extends higher in wave ((iii)) towards 29380 and pullback in wave ((iv)) ended at 26541. Final leg wave ((v)) ended at 31035 which completed wave 1 in higher degree. Pullback in wave 2 is in progress to correct cycle from 3.10.2023 low, but it’s near complete.
Internal subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 30001 and wave (ii) ended at 30620. Wave (iii) ended at 29247 and wave (iv) ended at 29590. Final leg wave (v) ended at 29122 which completed wave ((a)). Rally in wave ((b)) ended at 30483. Bitcoin then extended lower in wave ((c)) and it has already reached the extreme area from 04.14.2023 high at 27390 – 28574. This area is measured from 100% – 161.8% Fibonacci extension of wave ((a)). Near term, while above 27390 (1.618 Fibonacci extension level), expect the crypto currency to extend higher or rally in 3 waves at least.
BTCUSD First time to hit the MA200 (4h) in more than a monthBTCUSD crossed under the MA200 (4h) for the first time since March 13th.
This is an important short term breakout as the next Support is the MA50 (1d), technically a long term Support during rallies.
So far the price action since March 13th is replicating that since January 9th as a mirror fractal
Trading Plan:
1. Buy as long as the price stays above Support (1) and inside the Channel Up.
2. Sell if it crosses under the MA50 (1d).
Targets:
1. 32000 (Rising Resistance).
2. 25250 (MA100 1d).
Tips:
1. When the price crossed under the MA50 (1d) on March 3rd and hit the MA100 (1d), it was due to the Silicon Valley Bank and shortly after the Credit Suisse crash. The price most likely needs a catalyst like this to convince investors to sell below the MA50 (1d).
Please like, follow and comment!!
BTCUSD Must hold this Channel otherwise bigger pullback is possiBitcoin/ BTCUSD maintains not only the wider/ long term Channel Up but also the short term with the dotted lines.
As long as it holds it, target 32000 by the end of the month.
If the short term Channel fails, we expect a stronger pull back first to the 1day MA50 and then the 1day MA100 and the bottom of the long term Channel Up at 25800.
That will be an even more comfortable buy entry for the ultimate target of 32000.
Previous chart:
Follow us, like the idea and leave a comment below!!
BITCOIN GOING 36K! There are a lot of rumors that bull season in cryptos started. But when we look at global macroeconomics and make a comprehensive fundamental analysis we see that we have time for the bull season. This time we have to check big companies for a new bull season. Just whales and big investors cant make this happen.
Assuming that we are still in a bear market here is my analysis of Bitcoin on the chart.
I believe that Bitcoin will go higher to 36k levels to make believe little investors it is a bull season. After that when there are enough long positions they will make it go down to liquidate everyone.
To sum up, I still believe that we are in a bull season so Bitcoin can test at least the 15-16K levels again.
Current BTC 4H channelMy update for BTC currently
volume analysis by region + the most likely channel currently
use wisely,
channels are good to better understand trading ranges (bottom quarter entries with interesting confirmations tend to have good results)
the volume regions can be understood as "barriers", and are stronger when there is a sudden change between the regions
Bitcoin short-term update - reaching $28,728 again🐂?Bitcoin short-term update
(a) BTC reached my called bullish target of $28,728👀
(b) next bearish target still at $26,260🐻
(c) next bullish target is reaching $28,728 again🐂
Have a great day dear Crypto Nation😎
Comments💭Likes & Follow🔗appreciated🤗
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion