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!
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Crytocurrencysignals
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.
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VRA breakout?I see a bullish pennant forming on the 15-30 min chart, which looks like we might be seeing a nice breakout to to the upside.
I could see this going to 0.0325-0.035 zone within a day or two possibly a nice set up
Volume is also very large (almost 1 billion) and the market cap is still under $500 million
leaves me to think that we might see a lot of money pouring in IMO
*NOT FINANCIAL ADVICE*
Anti-Hedge
BTC quick updateI told you it was the bottom.
The descending channel has now been violated with a target of 64k. Also, IHnS on the hourly has been confirmed with 60 as a target. There is still a small possibility of a slippage down to 56 after the channel breakout. If that's the case, it is a blessing that I won't miss out.
Not much to say here. We are likely finally out of the woods. Get ready for some extreme action when the ATH is successfully broken.
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Long PNTUSDTPNTUSDT to see an up shoot to 1.5000. The MACD line confirms the uptrend move, also the RSI also confirms that the sellers are slowly wading off the PNTUSDT market although Volume seems low.
PNT/USDT
Buy below(1.00
Target 1: (1.10)
Target 2: (1.17)
Target 3: (1.27)
Target 4: (1.40)
Target 5: (1.50)
$FTFT Target PTs 11-20 and higherFuture FinTech Group Inc., through its subsidiaries, operates a real-name block chain e-commerce platform that integrates block chain and internet technology in People's Republic of China. It operates through CCM Shopping Mall Membership, Sales of Goods, and Others segments. The company offers Chain Cloud Mall (CCM), an enterprise customer interactive and comprehensive shopping and sales service platform; NONOGIRL, a cross-border e-commerce platform; and DCON, a block chain-based application incubator and a digital payment system. It also engages in the development of block chain-based e-commerce and financial technology. The company sells its products directly to end-users, exhibitions, and distributors, as well as trade Websites. The company was formerly known as SkyPeople Fruit Juice, Inc. and changed its name to Future FinTech Group Inc. in June 2017. Future FinTech Group Inc. is headquartered in Beijing, the People's Republic of China.
Bitcoin trade review Bitcoin touched 58500 and wicked down to 52981, finding support at 54k. Within nearest days we may expect BTC to bounce for re-test of 56k - 57k range. Won't be surprised if that week BTC will wick down to ~47.5 - 50k. If any longs open at higher levels average cost and close on that bounce. Dips are for buying but hold yourself from FOMO and don't touch green candles and breakouts as they are for selling now. Market will be choppy.
Reversal signals apparent can the bulls push through today?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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BITCOIN The 0.786 Fib Monthly Candle Rule shows the SupportGreetings traders and investors. With Bitcoin showing remarkable strength these past few weeks, despite having broken above key long-term Resistance levels (see my past studies), I thought it'd be beneficial to look what the new long-term Support can be based on its historic Cycle patterns.
** The 0.786 Fibonacci Monthly Candle Rule **
I've come across something simple yet very reliable on cyclical terms as it turns out. During the start of every new Bull Cycle, BTC is in its accumulation phase and within that process it breaks key Fibonacci levels (towards the All Time Highs (ATH)), which typically are Resistances.
The current key Fib level is the 0.786. As seen on the chart (1M time-frame), after every Monthly Candle closing above the 0.786 Fibonacci, then that level becomes a Support on the next candle and is never touched on those that follow.
On the current 1M candle (November 2020), Bitcoin is well above the 0.786 Fib and it remains to be seen if the month closes above it. If it does, then this Fib should turn into the Support.
** The Accumulation Channel **
In addition to the above and as a reference to the accumulation phase I mention above, it appears that this takes place within a Channel (blue displayed on the chart). Every candle that closes above this Channel has historically been a massive one and is what starts the parabolic (final) phase of BTC's Bull Cycle. Typically that candle doesn't come much later than the 0.786 Fib monthly closing. So keep an eye we may not be far off from such a massive bullish candle and of course with the accumulation phase being over by that time, good luck catching Bitcoin on the way up.
So what do you think about these new dynamics I've presented? Will 0.786 turn into the cyclical Support if we close the month above it? Are we closer to a parabolic run than most think? Feel free to share your work and let me know in the comments section!
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