Get started

Crytocurrency

SOLUSDT | Marketoutlook Summary: • SOL/USD Movement: • Trading within a medium-term descending channel . • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey ) and 125.00 (Murrey ). • Technical Indicators: • Bollinger Bands: Horizontal, signaling consolidation. • Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal. • MACD: Increasing in the positive zone. • Trend Outlook: • With the long-term downtrend intact, further decline in the near future appears more likely.
Long
by DCFX-TA
1
Event-Driven Strategy using Bitcoin Weekly FuturesCME: Bitcoin Weekly Futures ( MIL:BFF ) On Thursday, October 10th, The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% on a seasonally adjusted basis, the same increase as in August and July. Over the last 12 months, the all-items index increased 2.4% before seasonal adjustment. However, the headline CPI came in ahead of the 0.1% monthly gain and 2.3% year-over-year rate expected by analysts polled by Dow Jones. As a result, both the US equity markets and cryptocurrencies slipped on Thursday. While the year-over-year headline CPI is the lowest since February 2021, digging into the category data reveals sticky inflation. Noticeable data includes: • Food: +2.3% YoY. However, Eggs jumped 39.6%, while “nonconcentrated juices + soft drinks” category was up 15.3%. • Motor vehicle insurance: +16.3% YoY • Video discs + other media: +11.6% YoY • Admission to sporting events: +10.3% YoY • Health insurance: +7.5% YoY High prices affect day-to-day life and contradict the notion of low inflation. The fact is that prices have gone up a lot in the past few years. Even though they rise more slowly now, the absolute price levels remain high. Examples from my personal experiences: • The $9 price tag for 1-1/2 dozen eggs caused me to reduce purchase to 1-dozon for $5. I still remember the good old days of 99-cent per dozen large eggs. • I watched a WNBC match featuring Indianapolis Fever and Catlin Clark in the summer. A seat close by the basketball court costs $200. Adding up hotel stay, fuel cost and a $50 T-shirt, this felt like a vacation budget. • A recent doctor’s visit required copayment of $100. Six months ago, the same clinic charged $75. This is a 33.3% increase. Event to Watch: The Next Fed Rate Decision Retrospectively, it appears that the Federal Reserve acted a bit too aggressively with the supersized 50-bp rate cut in September. With the sticky inflation data, the Fed’s next move on November 7th is uncertain. According to CME Group’s FedWatch Tool, as of October 11th, the futures market expects the Fed to cut 25 basis points at the next FOMC meeting, with an 88.4% probability. Gone are the odds of another supersized cut. Meanwhile, the probability of a no-cut increases to 11.6%. www.cmegroup.com Driven by the lowered expectation on Fed rate cuts, on Thursday, the Dow Jones Industrial Average closed down 0.14% to 42,454, and the S&P 500 slipped 0.21% to settle at 5,780. Meanwhile, the Nasdaq composite shaved up 10 points (-0.05%) and closed at 18,282. The cryptocurrency market has a more pronounced reaction. Bitcoin gave up the psychologically important $60K level, lost $1,442 (or -2.36%) and settled at $59,564. Meanwhile, ETHER gave up $57.2 (or -2.38%) and closed at $2,356. However, market sentiments are still very bullish. By Friday, strong Q3 earnings reported by JPMorgan and Well Fargo helped push the stock market up again, with the S&P 500 breaking 5,800 and making its 45th all-time high in 2024. In my opinion, Bitcoin futures would be a good instrument for event-driven trades on the Fed rate decisions, given its higher volatility. Introducing Bitcoin Friday Futures Bitcoin Friday futures ( MIL:BFF ) are weekly, USD-settled contracts that offer a more precise way to gain bitcoin exposure and manage risk relating to such exposure. Each contract represents 1/50 of a bitcoin, ensuring capital efficiency and accessibility. The contract size of BFF is 1/5 of that of Micro Bitcoin Futures ( NYSE:MBC ), which is 1/10 of a Bitcoin. These shorter-dated contracts expire and settle to the CME CF Bitcoin Reference Rate New York Variant (BRRNY) every Friday at 4:00 p.m. New York time and may track the spot price of bitcoin more closely. Futures contracts traditionally expire on a monthly or quarterly basis, such as BTC and MBT, whereas BFF will settle weekly every Friday. Because of this shorter duration, BFF will have a shorter cost of carry resulting in a price that may more closely track bitcoin’s spot price. Bitcoin futures price = bitcoin spot price + financing costs to carry the position to expiration Two consecutive Fridays will be listed at any time. A new BFF contract will be listed every Thursday at 6:00 p.m. New York time such that market participants will be able to trade the nearest Friday plus the next two Fridays giving traders the choice to hold or not hold exposure over the weekend depending on their preference. Trade Setup using BFF for the FOMC Event The Federal Open Market Committee will release its next rate decision at 2:00 PM Eastern Time on Thursday, November 7th. The BFF contract expiring Friday, November 8th will begin trading at 6:00 PM Eastern Time on Thursday, October 24th. A trade could be set up on or after October 24th, and closed by November 7th or 8th, after the market reacts to the Fed decision and before contract expiration. While the market overwhelmingly expects the Fed to cut 25 bps, new data could change the expectations dramatically in the next four weeks. The most important data points are: • BLS Nonfarmed Payroll and Unemployment, November 1st • US Presidential Election, November 5th Separately, the next BLS CPI release will be on November 13th, after the BFF November 8th contract. We could use the BFF November 15th contract to trade on that event. As an educational writeup, I do not offer a personal view on the future direction of BFF prices. With basic information provided here, traders could apply their own view to set up a trade on BFF. Generally, if the Fed cuts rates in December, stocks and cryptocurrencies could get a lifting as lower rates reduce the cost of capital. Meanwhile, if the Fed pauses and decides on no-cuts, the uncertainty on interest rate trajectory could cause risk capital to fall. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. 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
Editors' picks
CME:MBT1!Long
by JimHuangChicago
4
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: Bitcoin has surpassed our Mean Resistance of 61700 and completed Interim Coin Rally 62200, finishing extended Interim Coin Rally 64900. Presently, the coin is positioned for further upward movement with a primary target of 68500 and a retest of our completed Main Inner Coin Rally 73200. The selling pressure at this level may cause the coin's price to decline toward the Mean Support level of 56600, possibly extending to the Mean Support level of 60300.
BITSTAMP:BTCUSD
by TradeSelecter
Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market! Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle! I hope you're READY because alt coins are where the BIG MONEY will be made! Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now! GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
CRYPTOCAP:BTC.DLong
by IIISevens
8
ATOM/BTC Long HTF TradeI have been looking for a good long opportunity against Bitcoin. With the high volume of capital inflows to crypto that has been stimulated with the ETF/Halving Bull Cycle, the question is, where will it flow to next? Meme coins, old school cryptos, L2s, gaming? The answerer is all of the above... duh. If I had time I would scour the crypoverse looking for some promising low caps or the latest and greatest AI coin. But alas, I do not.. So... lets look at what coins have absolutely killed in the last six months. INJ, TIA, FET, and RUNE. What do they all have in common? Cosmos! Looking at a high time frame trade to capture the bottom of a grinding 390ish day erosion of price on the ATOM/BTC pair. I tried to illustrate how the pair trends for about 3 month clips up and down. Going from yearly high to yearly low. I really think this could rally 50% in a hurry. You can see that the pair has gone on a more than 200% gain from the trend low to high. (Has actually happened 5 times!) I think this trade is primed due to how beat up the price pair is and the year plus single direction move. The compression of the price range, extensive price move of Bitcoin and money flow to coins built on the Cosmos ecosystem are the catalyst to kick start this trend change. I would love other's thoughts on this idea. Am currently looking into the tokenomics of the coin to see if I am missing anything but since when do tokenomics and logic mean anything in crypto? I know there was hard fork talk and contention about lowering the yield down to O%, the proposal failed but the BTC price pair has never recovered.
Long
by zippg
DogeCoin Ready to Rise ? LONGOn the daily chart. DOGEUSD appears to be at the support line of a symmetrical triangle pattern with about 30% upside to the pivot high in early December. The RSI lines are stable and flat sideways in the 40-45 range. The zero-lag MACD shows lines near to the horizontal zero level. The Fib tool suggests that a retrace to 0.09 is a reasonable target level. Accordingly, an upside of 30% is forecasted for the next bullish spike. I will wait for a cross of a shorter MA line over a longer MA line as a "golden cross" sign of bullish momentum and take a position there .
EASYMARKETS:DOGUSDLong
by AwesomeAvani
BLUR can go UP by Falling Wedge Pattern(➕40%)🚀📈Today, I want to check the Blur(BLUR) project for you, which can increase by at least ➕40% in the coming days. 📚What Is Blur (BLUR)❗️❓ 🔸 BLUR is the native governance token of Blur, a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps, and a more intuitive interface than other comparable platforms. 🌐The latest News of the Blur(BLUR) project: 🔸The Blur team has unlocked a total of 485 million tokens since June. 🔸The latest transfer to Coinbase Prime did not cause a slide as BLUR climbed to $0.47. 🔸The price of Blur (BLUR) jumped to 9.57% in the last 24 hours, reaching a high of $0.47 in the process. This price increase occurred after a $23.26 million token unlock by the NFT marketplace and aggregator project. Per Etherscan, the Blur team transferred 49.82 million tokens out of its multi-sig wallet. 📉In terms of technical analysis, the BLUR token managed to form a Falling Wedge Pattern near the 🟢 Support zone($0.480_$0.395) 🟢 and 50_SMA(Daily) . ✅Currently, BLUR has succeeded in breaking the upper line of the Falling Wedge Pattern . 👀It is better to take a look at the BLURBTC chart before making a decision. BLURBTC has managed to break the Downtrend line and has approached the 🔴Resistance zone🔴 with high momentum. I expect that BLURBTC can break the 🔴Resistance zone🔴 after a short pause and attack the 🔴Next Resistance zone🔴.👇 🔔As a result, I expect the BLUR token to start rising again after completing the pullback to the upper line of the Falling Wedge Pattern and at least up to the Resistance line and 🎯 Wedge's Target 🎯. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Blur Analyze ( BLURUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
7
ETHEREUM One more pull-back before $3000.Ethereum (ETHUSD) almost hit our 2450 Target on the last buy call we made (November 17 2023, see chart below) before it started to consolidate at the top of the 1.5 year Channel Up: However it did turn out that the consolidation Megaphone, similar to January's, was the one that started on December 09 2023 and not before, as on our previous analysis. For that reason we adjusted the Channel Up, this time on the logarithmic scale, and it fits perfectly the current consolidation after the initial October Bullish Leg. The 1D MA50 (blue trend-line) provided the first line of Support and if the January - February 2023 repeat continues, we should be expecting one final pull-back towards the 1D MA100 (green trend-line), which is where the March 10 2023 was made (also on the 1D MA200 (orange trend-line)). On top of that, the 1D RSI provides an excellent buy signal, as the 30.00 - 32.00 Zone has given 4 excellent buy opportunities in tha last 14 months. The target is $3000, which is on the 1.5 Fibonacci extension level and almost represents a +100% rise from the October 12 2023 bottom. Those where the exact ranges of the April 16 2023 Higher High of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ETHUSD
by TradingShot
2
Happy New Year with BITCOIN breaking 45k!First and foremost allow me to wish everyone here in the TradingView community a Happy New Year and a prosperous 2024! What a better way to start the year than Bitcoin (BTCUSD) breaking above 45000 mark, a level it last visited on April 06 2022. Every Cycle can be seen trading within a Megaphone pattern with the parabolic rally illustrated by the dotted curves. Note that every time the price breaks above the 1W MA50 (blue trend-line), it holds it as Support (exception of course was the COVID crash). The 1W MA50 is now 30000, which means that technically any pull-back/ correction that takes place until the peak of this Cycle, shouldn't break below this level and practically dip buyers have a benchmark to work with. But what do you think? Are we about to witness an even more aggressive part of this new rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
9
MATICUSD One more correction left before going parabolic!It has been a little over 2 months since our last analysis on Polygon (MATICUSD), which eventually hit our 0.7000 target (see chart below) and has now broken above the 1W MA100 (green trend-line) for the first time since March 13 2023: As you can see on this 1W time-frame, we are about to get a Bullish Cross between the 1W MA50 (blue trend-line) and the 1W MA100. That will be the first in MATIC history but we do not expect it to create the conditions for an immediate rally. Based on the same long Accumulation Phase of the previous Cycle, the rally started after the price broke below the 1W MA50 one last time. Once that happens, we will turn bullish on MATIC again for the long term and target the 2.0 Fibonacci extension at 5.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MATICUSD
by TradingShot
Can Bitcoin Hedge Against a Falling Dollar?Global inflation often signifies a weakening of global currencies. The question of whether Bitcoin can serve as a hedge against a depreciating dollar has gained significant interest among investors. Or should it still be the Gold? In this study, we will analyse the top 8 cryptocurrencies to determine which one is a more reliable currency hedge. Bitcoin & Its Minimum Fluctuation $5.00 per bitcoin = $25.00 BTIC: $1.00 per bitcoin = $5.00 Code: BTC Micro Bitcoin & Its Minimum Fluctuation $5.00 per bitcoin = $0.50 BTIC: $1.00 per bitcoin = $0.10 Code: MBT Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. 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
CME:BTC1!Education
by konhow
1
State of Bitcoin (November)A daily chart on BITCOIN is very simple to dissect, what BITCOIN will do from here is not so easy to work out. The idea is to plan for what to do at the key levels and everything else in-between is just noise that wants to take your money. How I see BTC is what you see in the chart: - The immediate attention is drawn to the ascending triangle BTC currently finds itself in, these patterns can be bullish or bearish depending on the direction of the breakout. the trend is currently bullish and that plays a factor in the outcome. - What was previously a bearish OB at the 32k level has been flipped but not retested for support yet, if the ascending triangle fails or bulls run out of momentum the most likely plan would be to drop to that level. - The next bearish OB is sat 22% higher than that 32k level at ~38k, before that there really isn't much resistance. - In the longer term, a matter of months I think the best possible buy zone is the FVG at 19-20k area. That would be a no brainer buy and hold for the next several years. We've seen a deviation below that area and the reclaim is what started this rally. I would estimate that this is the absolute floor for BTC now, especially when the ETF's are approved and the halving comes into play. - If this FVG isn't filled the next best place is the S/R level at 25k but as we can see on the chart, the third time testing an area it usually gives way so for me 25k doesn't look like it would hold another retest. I do think max pain would be just keep squeezing higher while everyone is waiting for one more dip, I myself would like one more dip but every eventuality must be planned for.
BINANCE:BTCUSD
by ProR35