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LTC/USDT Ready to Claim its Local Top Again? 👀🚀LTC Analysis💎Paradisers, brace for a significant turn in the #LTCUSDT market, signaling a potential bullish rally from the current demand zone. 💎Following two profit-taking phases, #Litecoin has exhausted the buy-side liquidity, setting the stage for a possible dip before a rebound from the vital Bullish OB zone at $74.90. If CRYPTOCAP:LTC musters sufficient bullish strength, we could witness a forceful advance challenging and potentially breaching the upper supply zone. 💎However, if #LTC falters in holding its position within this crucial support zone, a rapid strategic adjustment may be necessary. Enter Plan B: we might then initiate a bullish move from a lower demand zone at $67.14. This level is critical—if CRYPTOCAP:LTC falls below this, it might signal the onset of a bearish trend in the market narrative. 💎Stay vigilant and adaptable, Paradisers. Your ParadiseTeam is diligently monitoring and ready to steer you through the shifting currents of the #Litecoin market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise
XLM/USDT Ready for a Swift Recovery From Current Downturn🚀👀💎Paradisers, gear up for a transformative phase in the #XLMUSDT market and highlights a potential bullish surge from its active demand zone. 💎Following two rounds of profit-taking, #Stellar has exhausted buy-side liquidity. This primes the scenario for a likely dip, setting up for a robust recovery from the pivotal Bullish OB zone at $0.1015. If LSE:XLM accrues sufficient bullish force, we anticipate a vigorous assault on the upper supply zone. 💎If #XLM falter in securing its foothold within this essential support zone, an immediate strategic shift may be essential. Our contingency, Plan B, involves triggering a bullish campaign from the deeper demand zone at $0.0909. This level is pivotal—if LSE:XLM breaches this threshold, it might herald the start of a bearish phase in the market's evolution. 💎Stay alert and flexible, Paradisers. Your ParadiseTeam is vigilantly overseeing the developments and ready to navigate you through the dynamic landscape of the #Stellar market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise
5
OMNI directional interest. Elliott Wave If you find this information inspiring/helpful, please consider a boost and follow! Looking for these paths to play out for clarity to play off of. Possible Elliott wave triangle here. A break down and reclaim is a nice conservative move I am looking to play. A break up impulsively, I would be watching for a retrace to play high. The target for the triangle may vary. So agian, waiting for the price action to print down and signs of reversal.
Long
by CryptoKnee
1
With BTC Close To All-Time-High, Here's The Bull and Bear of ItHey Tradingview. As my posts have really become sparse, I tend to only write when something pretty significant occurs. Right now, Bitcoin has made it all the way from $15.5k, back up close to its all-time-high from 2021. That's a pretty substantial feat. What it proves is that if a thing exists that can make money, people will buy it. Even if I write a ridiculously bearish doom post, I usually provide the bullish alternative. You can see this in my last major Bitcoin post: Even when I was mostly bearish throughout 2022 and 2023, I've made some long posts here and there, detailing why price could go against my bias. In this post, I put the short label because I'd rather be right if it drops heavily than if it goes up a lot more. That's just an ego thing. Clearly, against my expectations, Bitcoin ETF's have been successful, and have ushered in what appears to be a major bullish impulse. As I've stated, I don't think that means anything encouraging about society. But, what's good for society and culture is not necessarily what makes money. That's something one learns pretty early on in adulthood. Anyway, you can read up on my bearish fundamental stance on Bitcoin on my page. As I was once fundamentally bullish on the asset, you can even watch as my opinion shifted over time. This page is really an interesting place. Anyway, here's the bull and bear of it right now. On the bull side, volume looks decent in spot markets. Price has managed to reclaim a very important long term trendline lose in 2022, as shown on the chart above. Price also appears to have gone parabolic, meaning it has not tested any major daily moving averages in some time, as price appears to go up in an almost straight line. This kind of price action can keep going much longer than short sellers are prepared for. It can also end in mere minutes, punishing top longs. Looking at the shorter-term chart, Bitcoin fell out of its last bullish channel, but that didn't seem to matter at all. Price keeps pushing higher, bull flag after bull flag. Here's the bear of it: Bitcoin active addresses continue to stagnate near 2017 high levels. studio.glassnode.com That's weird, right? You'd expect with countries "adopting" it and with new ETFs there would at least be some meaningful increase. Bitcoin is being stored by a few wealthy entities and individuals. It is very unlikely to end up in the hands of the everyday person. Again, this is one of the primary reasons I am against Bitcoin. My opinion on that is unlikely to change, regardless of price. I simply don't think Michael Saylor, for instance, is going to get out of his assymetric bet unscathed. Additionally, open interest (primarily long interest) is extremely high. In fact, it's really on par with price, which is something that happened in 2022. This may not matter so much with ETFs on the market, but it could at least cause some volatility as traders need to be knocked out of their positions. Looking at the shorter term chart, it seems bulls might want to be careful here. There are a lot of sellers in this range, which is not surprising at all. What also wouldn't be surprising is a touch of the all-time-high, at $69k. My guess is a LOT of traders are ready for a tap on that number, and that it's not going to be that easy. It does really look like another bull flag, but volume tells me that the likelihood of a fakeout to new highs is fairly high. I'm still in a low-risk short, but stopped adding at $52k. I may close it out at the start of next week - I do think the likelihood of at least a quick flush towards weekly MA support exists. But who knows? Regardless - position size is important here. There's no leverage for me. I'm not going to be completely rekt if price keeps going up. BUT I would like to minimize further losses, and I don't want to be trapped in this position if Bitcoin goes to $90K or higher. As always, this is meant for speculation and entertainment only, not as financial advice. Let's see what happens! Thanks for reading. -Victor Cobra
BNC:BLXShort
by VictorCobra
1
Eth offering up an Elliott Wave soft ball here?If you find this information inspiring/helpful, please consider a boost and follow! Ethereum appears to be printing a beautiful impulse here. An impulse is a fantastic anchor in Elliott Waves. There are many ways it can develop that could telegraph a potential for continuation, or a reversal. I want to see a completed impulse down here at a lessor degree, followed by a retrace to an area of confluence, about 50% back internally to the smaller degree impulse, before looking for a continuation down. Since, per Elliott wave, price is fractal it could snow ball into a larger move to the down side. 3356 would be the invalidation for a the short. If that is broken I would wait for further upside to complete, and look for the same clues higher up. If it completes down and the impulsive move up is complete here, PA does not move up past 3356, I would be looking for a reaction, in the form of an impulsive move up. If this occurs I would scout for an internal retracement of the reactionary impulse to confluence before looking for a long.
INDEX:ETHUSDLong
by CryptoKnee
Bitcoin walkiing the Elliott Wave PathIf you find this information inspiring/helpful, please consider a boost and follow! #Bitcoin monthly update! 👀🧵 TLDR: Things still look ok, atm. Holding 60k is key! Glad others are counting things the way I've had it since January. No way we can all fail! 🤔 Triangle didn't play, still time. Bounces off my levels, atm. CRYPTOCAP:BTC still following the path. Complacency kills. Past performance is not indicative of future results, so ALWAYS an alt.
COINBASE:BTCUSDLong
by CryptoKnee
RIF/USDT Gearing up for an Exponential Rally? 👀🚀RIF Analysis💎Paradisers, stay on high alert! #RIFUSDT is shaping up for a compelling opportunity as it prepares to retest ascending support, indicating a robust bullish move ahead. 💎We've noticed that #RootstockInfrastructureFramework has been consistently respecting an ascending support line on the 1D timeframe, hinting at a solid base for bullish potential. It's now nearing the crucial support level at $0.185. 💎If it holds steady, there's a strong likelihood that it will target the significant resistance at $0.324, with the RSI suggesting a potential upward move, reinforcing this bullish outlook. 💎However, if #RIF loses momentum and breaks below this key support, be ready for a bullish rebound from a lower Demand Zone at $0.135. A drop below this level could signal a considerable downward trend for $RIF. Keep your strategies adaptable and stay sharp for any market fluctuations.
Long
by MyCryptoParadise_Simon
ARK/USDT Ready to Capture the Liquidity Above? 👀🚀ARK Analysis💎Paradisers, prepare for a captivating shift in the #ARKUSDT market, suggesting a possible bullish surge from its current demand zone. 💎After a recent rejection from a strong supply zone, #Ark has cleared buy-side liquidity. This sets the stage for a possible downward move before rebounding from the critical bullish OB at $0.764. If LSE:ARK gathers enough bullish momentum, we might see a dynamic push challenging and potentially breaking through the upper supply zone. 💎However, if #ARK struggles to maintain ground within this crucial support zone, a quick strategic pivot might be needed. Here's where Plan B comes into play: we'd then focus on initiating a bullish move from a lower demand zone at $0.68. This level is crucial—if LSE:ARK drops below it, it could indicate early signs of a bearish trend in the market's narrative. 💎Stay sharp and be ready to adapt, Paradisers. Your ParadiseTeam is on watch, poised to guide you through the evolving dynamics of the #ARK market.
Long
by MyCryptoParadise_Simon
CVC/USDT Can Rally if it Holds the Below Support Level👀🚀💎Paradisers, be on high alert! #CVCUSDT is poised for a compelling opportunity as it prepares to retest ascending support, indicating a robust bullish move ahead. 💎We've observed #CIVIC consistently respecting an ascending support line on the 1D timeframe, suggesting a solid foundation for bullish potential. Currently, it's approaching the crucial support level at $0.1329. 💎If it holds steady here, there's a strong likelihood that it will target the significant resistance at $0.24, with the RSI hinting at a possible upward trajectory, adding weight to this bullish perspective. 💎Conversely, if #CVC loses momentum and breaks below this key support, be ready for a bullish rebound from a lower Demand Zone at $0.113. A slip below this level would indicate a marked downward trend for $CVC. Keep your strategies flexible and stay sharp for any market fluctuations.
Long
by MyCryptoParadise_Simon
YFI/USDT Ready to Capture Above Liquidity? 👀 Positive Outlook💎Paradisers, let's examine the latest market movements for #YFIUSDT, which have taken a fascinating turn. 💎Currently, #YearnFinance is approaching the resistance within a descending triangle. A breakout above this level will indicate a bullish trend reversal, leading to the capture of the significant liquidity present above. 💎However, if #YFI fails to break through and faces rejection at the resistance, it might signal a downward shift, potentially leading the price back to the weekly OB area for renewed bullish momentum. 💎The weekly OB area is a critical support zone for #YFI. If the price holds at this level, it could present an excellent buying opportunity with a possible bounce upward. If #YFI breaks below this support, it may find a rebound from the high-demand area below. 💎Yet, if #YFI breaks through this demand area, it could signal a deeper bearish trend. Stay vigilant and adaptable as we track the evolving dynamics in the #YFI market.
Long
by MyCryptoParadise_Simon
1
BAT/USDT Ready to Breakout of Descending Channel? 👀🚀💎Paradisers, let's dive into the recent market dynamics of #BAT, which have been quite intriguing. 💎Following a retest of the support within a descending channel, #BasicAttentionToken seems poised to challenge the resistance zone above. If #BAT breaks out of the descending channel, it might retrace to retest the newly formed support at the resistance level. 💎If a breakout doesn't occur, there's a high chance that #BATUSDT will rebound from the support area around $0.245. A successful bounce here would suggest strength and indicate readiness for another attempt to break through resistance. 💎If TSXV:BAT manages to breach this resistance level, it could signal a shift toward bullish sentiment, potentially leading to further upward movement toward our target resistance zone. 💎However, if BAT fails to rebound from the support area and drops below it, the price could head towards the Demand Area. Historically, BAT has shown resilience and the ability to bounce back from this zone to reclaim support. 💎Yet, if BAT finds no support even in the Demand Area, it could raise concerns about a bullish reversal. A candle closing below this level would invalidate the bullish outlook, suggesting further downward movement.
Long
by MyCryptoParadise_Simon
ARB/USDT Preparing for a Bullish Reversal From a Key Support? 🚀💎Paradisers, let's explore the latest developments in the #ARBUSDT market, where some intriguing trends are unfolding. 💎Currently, #ARB is challenging the resistance in a descending channel. If it manages to break through, it could indicate a bullish reversal, potentially setting the stage to re-test the key resistance zone mentioned earlier. 💎However, if #Arbitrum fails to clear this resistance and is rejected, it could mean a downward shift, possibly sending the price back to the weekly OB (Order Block) area to regain upward momentum. 💎The weekly OB area is crucial for $ARB. If the price stays within this zone, it could offer a great buying opportunity, with a potential bounce leading to bullish gains. But if #ARB breaks below this level, it might signal a deeper downward trend. 💎Stay sharp and be prepared to adjust your strategy as we keep a close watch on the #ARB market dynamics.
Long
by MyCryptoParadise_Simon
1
ID/USDT Ready to Leave the Descending Channel? 🚀Positive Sign 💎Paradisers, let's take a look at the latest market trends for #IDUSDT, which have been quite interesting. 💎Currently, #SpaceID is hitting the resistance of a descending channel. If it manages to break above this level, it could signal a bullish trend reversal, with the potential to back-test the significant resistance zone mentioned above. 💎On the other hand, if #ID fails to break through and gets rejected at the resistance, it might indicate a downward shift, possibly sending the price back to the weekly OB area to regain some upward momentum. 💎The weekly OB area is a crucial support level for SpaceID. If the price holds within this zone, it could be a prime buying opportunity with a potential bounce to the upside. However, if BME:ID breaks below the weekly OB area, it might suggest further downward movement. 💎Stay focused and be ready to adapt as we monitor the unfolding dynamics of the #ID market.
Long
by MyCryptoParadise_Simon
SasanSeifi 💁‍♂Short-Term Price Movement in 2-Hour ChartBINANCE:ATOMUSDT As observed in the 2-hour timeframe, the price is currently trading and ranging within the $8.37 price area after minor fluctuations. The price is crossing above the EMA60. Short-term Scenario (2 hours): If the price consolidates above the EMA60, a potential short-term scenario could be for the price to move towards the $8.50 - $8.70 zone with minor positive fluctuations, followed by a minor pullback and another upward movement towards the $9 supply target zone. To better understand the continuation of the price trend, observing how the price reacts to the supply zone is crucial. The potential short-term trend is also illustrated in the above chart. This is not financial advice. Always do your research before making any investment decisions. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Long
by SasanSeifi
JOE/USDT Ready to Rally From a Key Support? 👀🚀Positive Signs 💎Paradisers, let's explore the recent market activity surrounding #JOEUSDT. 💎Right now, #Joe is showing positive signs as it rebounds from the Bullish OB area. This momentum suggests that the asset might attempt to test the resistance trendline just above its current level. 💎If #JOE successfully breaks through this resistance, it could signal a continuation of the upward trend, with the potential to reach our target resistance zone higher up. 💎However, if NYSE:JOE struggles to break out and faces rejection, it might shift into a downward trend, possibly revisiting the Demand area to rebuild strength. 💎To maintain its bullish outlook, #JOE needs to bounce back from the Bullish OB area. If it drops below this level, it could lead to further downward movement, potentially driving Joe toward lower support areas or deeper into bearish territory. Stay tuned to see how #JOE navigates these critical levels.
Long
by MyCryptoParadise_Simon
CELO/USDT Gearing up for a Bounce Back From the Bullish OB 👀🚀💎Paradisers, let's focus on the recent market dynamics surrounding #CELOUSDT. 💎Right now, #Celo is bouncing from the Bullish OB area, which suggests positive momentum in the market. There's a good chance for the asset to challenge the resistance trendline overhead, hinting at a potentially strong upward move. 💎If #CELO manages to break through this resistance, it could signal a continuation of its upward trajectory, with the potential to reach our target resistance zone. 💎However, if SEED_DONKEYDAN_MARKET_CAP:CELO doesn't manage to break out and gets rejected by the resistance, it could trigger a downward turn, possibly retesting the Demand area to rebuild momentum. 💎It's crucial for #CELO to rebound from the Demand Area. A breakdown below this point could lead to further declines, dragging Celo towards lower support zones or deeper into bearish territory. Keeping a close watch on how CELO behaves at these key levels is essential.
Long
by MyCryptoParadise_Simon
2