SPX-USDT Trading Plan: From Demand Zone to ATH Zone
SPXUSDT is currently showing strong bullish momentum after a rebound from the demand zone around 0.5922. The price is advancing toward the ATH zone, with an immediate target set at 1.1000.
Key Observations
1. Demand Zone (Support Area):
- The 0.5922 level acted as a critical demand zone, prompting a strong bounce.
- Buyers stepped in at this level, indicating accumulation and bullish sentiment.
2. Rising Channel:
- The price is trading within a clear upward channel, suggesting a strong bullish trend.
- Breakouts from this channel, particularly to the upside, could accelerate momentum.
3. Resistance Levels:
- The ATH Zone represents a key resistance where the price may face some selling pressure.
- A breakout above the ATH Zone will pave the way toward the 1.1000 target.
4. Trend Continuation:
- The price appears to be following a zigzag pattern, respecting the channel structure.
Momentum and Indicators
1. Volume:
- Increased volume near the demand zone signals strong buying pressure.
2. Projection:
- Price is projected to continue climbing as long as the trendline remains intact.
- Any retracement could provide new entry opportunities near the channel’s lower boundary.
Trading Plan
1. Entry Points:
- Accumulate near 0.5922 if the price retests this demand zone.
- For breakout traders, consider entering after the price clears the ATH Zone with volume confirmation.
2. Stop-Loss:
- Place a stop-loss below 0.5500 to manage downside risks.
3. Profit Targets:
- Primary Target: 1.0000 (psychological level).
- Extended Target: 1.1000, as highlighted on the chart.
4. Risk Management:
- Risk no more than 2% of total capital on this trade.
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Scenarios
1. Bullish Scenario:
- Price continues to respect the rising channel and breaks above the ATH Zone, targeting 1.1000.
2. Bearish Scenario:
- Failure to sustain above 0.5922 may lead to further downside, targeting lower levels of the channel.
Pro Summary
SPXUSDT is exhibiting strong bullish behavior, with a potential move toward the ATH Zone and beyond. Traders should closely monitor the key levels and align their entries with the trend to maximize profits while managing risks effectively.
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies and other financial instruments carries significant risks, including the risk of loss of capital. Always trade responsibly and consider consulting a financial advisor before making any investment decisions 📊
DYOR (Do Your Own Research) 🔔
#CryptoMarketCycles #BullMarket #TechnicalAnalysis #CryptoTrading #MarketPhases
Cyrptocurrency
Cycle Top Indicator [CTI] | Deep Dive AnalysisIn this post we will look at some of the long-term trends identified with the tracking of the CTI indicator (Red and Green Moving averages in the price chart), and what we can learn from the observed behaviors over Cycle 1 / 2 / 3 and possible implications for Cycle 4.
INDICATOR RECAP
The CTI indicator attempts to model the cycle top based on observed historic price over extension from Cycle 1 / 2. Indicator marks a cycle top when the 'Fast MA' (Red Line) crosses above the 'Slow MA' (Green Line). I.e. the condition where both MAs price value is equal. I should be noted that this condition was achieve for every cycle to date so far, and that the condition was met twice for the experienced 'double peak top' in Cycle 1 but was only met for the first of the two peak tops during Cycle 3.
OSCILLATOR: % DISTANCE MODELLED BETWEEN SLOW (GREEN MA) & FAST (RED MA) – NORMALISED TO PRICE
The below oscillator models the %Distance away from each other the Green Line and the Red line gets over BTC's cycles (Normalised to Price).
* RED HORIZONTAL LINE: When the oscillator is equal to 1, this models the price value of the Green and Red moving averages as equal (or the CTI cycle top condition)
* ORANGE HORIZONTAL LINE(s): These mark the maximum over extension the Red MA exceeded the Green MA during a cycle top condition.
* GREEN HORIZONTAL LINE(s): These mark low levels of the oscillator, indicator maximum distance of the Red MA below the Green MA during each cycle.
BLACK SLOPING TREND LINE(s): Represent the diminishing trend of overlap between the Green and Red Mas each cycle.
* VERTICAL RED AND GREEN LINES: Show cycle tops and bottoms as triggered by the CTI and CBI (Cycle Bottom Indicators) – NOTE: CBI moving averages not shown.
SIGNIFICANCE OF ORANGE HORIZONTAL & BLACK TREND LINES
It is observable that each peak of the Oscillator is lower than the previous cycle peak (each peak is marked with an Orange horizontal line). This diminishing trend is shown with each orange line marked lower than the line before, and modeled with the Black downward sloping trend line(s) connecting the peaks.
A reminder that the Red Horizontal line shows the condition with the CTI models the cycle top and conditions above the Red Horizontal line show the % distance the Red MA reaches above the Green MA each cycle. For example:
* Cycle 1 Peak = 1.58
* Cycle 2 First peak = 1.25
* Cycle 2 Second peak = 1.20
* Cycle 3 First peak = 1.07
The diminishing trend of this relationship over each cycle (if historic behavior continues) suggest that the CTI overlap condition for cycle 4 my not eventuate. This would be modeled by our oscillator not exceeding the red line in Cycle 4.
The learnings for this analysis could suggest that waiting for the CTI indicator to Fire may result in a non-event for Cycle 4.
SIGNIFICANCE OF GREEN HORIZONTAL LINES
A surprising finding from this analysis show for all cycles to date that when the modeled oscillator reaches levels between -1.11 and -1.82 and particularly for Cycles 2 / 3 & 4 between -1.50 & -1.82 (Red MA % distance below the Grean MA), Historically BTC has found its cycle bottom. These findings are summarized below for quick reference.
* CYCLE 1-4 Bottom Oscillator Condition: -1.11 <> -1.82
* CYCLE 2-4 Bottom Oscillator Condition: -1.50 <> -1.82
Feel free to include any other observations I may have missed in the comments below. i intend to do a similar analysis for the CBI indicator when I find the time.
Long time no see..It’s been a while since I’ve reviewed the charts, but remember, it’s always best to focus on long-term charts and avoid getting caught up in short-term noise . Leverage is gambling —it’s like a casino and can destroy your trust in the crypto system. Stay away from it, and stick to spot trading only for reliable and safe growth.
Bitcoin is currently around 60,285 USDT, holding strong. After a long break from the charts, I'm anticipating a significant bullish move in the coming weeks . The price action suggests that Bitcoin could hit major resistance levels at 82,000 USDT , 102,000 USDT , and potentially 123,000+ USDT .
The upcoming rate cuts and presidential elections are likely to impact the economy, potentially driving a major increase in Bitcoin and crypto values. The flood of crypto news already circulating the internet reflects the growing bullish sentiment, which aligns with the expected price targets and underscores the potential for substantial upward movement.
Cage Cycle Values for ENSUSDT.PCage Cycle Values: If the price is above 26.770 (Buy Point), the price target is 35.330, and if it is below 26.623 (Sell Point), the price target is 18.103. You can find the details of the Cage Cycle strategy attached. (MAKE SURE TO FOLLOW THE NEW TAKE PROFIT POINTS PUBLISHED AS TAKE PROFIT POINTS ARE INCREASED ACCORDING TO THE TRADING CYCLE)
Long Position:
Entry: 26.770
Profit: 35.330 (Will be updated if necessary in the positive direction)
Stop: 26.623
Short Position:
Entry: 26.623
Profit:18.103 (Will be updated if necessary in the positive direction)
Stop: 26.770
The Cage Cycle Strategy is a model that emerges from analyzing approximately 2 over 20 data points (1,000,000 and above tick data). The price definitely reaches one of the specified Take Profit Points as a price target. It is not possible to determine the direction with a hundred percent certainty in financial markets. Therefore, success rates are attempted to be increased by using certain models. The Cage Cycles end when the price reaches the price target in any direction in the Cage Cycle Strategy. Although it is not an investment advice, an example of use is as follows: A Long position is opened at the price level of 26.770, the Stop Loss is 26.623, and the Take Profit is 35.330. When the price reaches 26.623, instead of the Long position that was stopped, a Short Position is opened, with the Stop Loss of the Short Position being 26.770 and the Take Profit being 18.103. Transactions are monitored by stopping until the market direction is determined. Considering the number of stopped transactions and the expected time, Take Profit points are updated to increase profits (Updated Take Profit Points will never be lower than the initially specified Take Profit points). By recalculating the Take Profit points to increase profits, the aim is to compensate for the losses of the stopped transactions when the Cage Cycle ends. In the data analysis of the last 10 years, the average number of stops is 12, and the highest number of stops is calculated as 83 (These figures may vary in the future). Although it is not an investment advice, in the Cage Cycle, if the amount to be stopped is set at $1, by increasing the position by half of the initial lot amount for every 10 stops (0.5 $ for every 10 stops), a higher profit can be targeted along with the increased Take Profit point. Using the Cage Cycle data provided above as an example for Ensusdt, after 15 stops, when the cycle ends, the profit-loss calculation (Initial Stop Amount to be stopped is $1): For the first 10 stops, the loss will be 10$*1=10$, and between 10 and 15 stops, the loss will be 5*1.5$= 7.5$, resulting in a total loss of 17.5$. The profit to be obtained with the updated Take Profit points will be 1.5*27= 40.5$. The net profit, excluding commission, will be 40.5-17.5= 23$. The Cage Cycle helps you determine the Take Profit point in your own trades as well, as it is known that the price will definitely reach one of the Take Profit points. Enjoy and Good luck with your trades.
THIS IS NOT AN INVESTMENT ADVICE. Made by Yourcages
Trade Setup: DOGE Long PositionMarket Context:
DOGE is reclaiming its range low after a change of character (CHOC).
It is setting a higher high and a higher low into the 21-day and 200-day EMAs.
The range low is being treated as invalidation if the price closes below this support level.
Trade Parameters:
Entry: Enter a trade around $0.129 to $0.13.
Take Profit:
First target: $0.157
Second target: $0.187
Third target: $0.22
Stop Loss: Set at a daily close below $0.115
📊 Monitor the price action around the 21-day and 200-day EMAs. Adjust your trade based on market conditions and be cautious of any signs of reversal or further downside. #DOGE #CryptoTrading #TradeSetup 🎯
Cage Cycle Values for OmusdtCage Cycle Values: If the price is above 0.67647 (Buy Point), the price target is 1.13913, and if it is below 0.66245 (Sell Point), the price target is 0.19979. You can find the details of the Cage Cycle strategy attached. (MAKE SURE TO FOLLOW THE NEW TAKE PROFIT POINTS PUBLISHED AS TAKE PROFIT POINTS ARE INCREASED ACCORDING TO THE TRADING CYCLE)
Long Position:
Entry: 0.67647
Profit: 1.13913 (Will be updated if necessary in the positive direction)
Stop: 0.66245
Short Position:
Entry: 0.66245
Profit: 0.19979 (Will be updated if necessary in the positive direction)
Stop: 0.67647
The Cage Cycle Strategy is a model that emerges from analyzing approximately 2 over 20 data points (1,000,000 and above tick data). The price definitely reaches one of the specified Take Profit Points as a price target. It is not possible to determine the direction with a hundred percent certainty in financial markets. Therefore, success rates are attempted to be increased by using certain models. The Cage Cycles end when the price reaches the price target in any direction in the Cage Cycle Strategy. Although it is not an investment advice, an example of use is as follows: A Long position is opened at the price level of 0.67647, the Stop Loss is 0.66245, and the Take Profit is 1.13913. When the price reaches 0.66245, instead of the Long position that was stopped, a Short Position is opened, with the Stop Loss of the Short Position being 0.67647 and the Take Profit being 0.19979. Transactions are monitored by stopping until the market direction is determined. Considering the number of stopped transactions and the expected time, Take Profit points are updated to increase profits (Updated Take Profit Points will never be lower than the initially specified Take Profit points). By recalculating the Take Profit points to increase profits, the aim is to compensate for the losses of the stopped transactions when the Cage Cycle ends. In the data analysis of the last 10 years, the average number of stops is 12, and the highest number of stops is calculated as 83 (These figures may vary in the future). Although it is not an investment advice, in the Cage Cycle, if the amount to be stopped is set at $1, by increasing the position by half of the initial lot amount for every 10 stops (0.5 $ for every 10 stops), a higher profit can be targeted along with the increased Take Profit point. Using the Cage Cycle data provided above as an example for Peopleusdt, after 15 stops, when the cycle ends, the profit-loss calculation (Initial Stop Amount to be stopped is $1): For the first 10 stops, the loss will be 10$*1=10$, and between 10 and 15 stops, the loss will be 5*1.5$= 7.5$, resulting in a total loss of 17.5$. The profit to be obtained with the updated Take Profit points will be 1.5*27= 40.5$. The net profit, excluding commission, will be 40.5-17.5= 23$. The Cage Cycle helps you determine the Take Profit point in your own trades as well, as it is known that the price will definitely reach one of the Take Profit points. Enjoy and Good luck with your trades.
THIS IS NOT AN INVESTMENT ADVICE. Made by Yourcages
Spotting a Bull Flag Pattern in Wave Coin (But Stay Cautious)Wave Coin is currently showing a promising bull flag pattern on the chart. This pattern typically indicates a continuation of the previous uptrend, suggesting potential for further gains. However, it's important to stay cautious as the price could also fall if the pattern fails to hold. The consolidation phase within the flag gives a chance to enter the market before the next breakout, but be mindful of key support and resistance levels. Always use stop-loss orders to protect your position and trade wisely!"
The Magic $Spell decision line. MAKE OR BREAK?COINBASE:SPELLUSD token has been what I can call the gem hidden in plain sight, they are non-US based liquidity platform. They battle through so much including the war in Ukraine, which is obviously still on going. At one point they have over SEED_TVCODER77_ETHBTCDATA:1B in TVL, the team has never waived the white flag and pressed on to deliver everything they can to the community that has instilled so much trust, Romi is a master of his craft. If you believe in the founders of something, you better invest with them.
I love $spell and its future.
Looking at the chart here, you see that anytime it has hung around this line, it's made a decision to go up or down. Based on its recent bullish signal and reversal based on the bottom arrow, I see Spell headed back up to where it belongs, respected with the rest of the crypto community for what they provide.
US30 HEAD AND SHOULER??Simple trading - Head and shoulders
Us30 has broken the neck-line of the Head and shoulder pattern on the 4hr. US30 is bullish on the higher time frames so always be ready for a pullback to the upside. Looking at the daily chart to see if the price will retest previous support and turn resistance.
Due to the lack of bullish momentum on the smaller timeframes, I would NOT advise taking a buy trade to previous support as the market is making lower highs and lower lows. This clearly indicates that the bears are in control. At any moment the price could drop and you do not want to be caught in that.
Be patient and wait for the price to play out. Look to take a sell positions
in the short term at respectable levels
BTCUSD Update - 52k?Seem to be going perfectly as predicted. BTC is dropping, retesting Supports to regain its bullish momentum. For how long will BTC continue to drop?
For start, this is just the beginning. BTC has completed the 4hr M pattern. BTC has just broken under major SUPPORT. This support is also the neckline for the Head and shoulder pattern from the ATH. Waiting for a confirmation by a retest. If BTC rejects the Daily support at 63500, look for sell pressure to 52k.
Pre halving BTC: institutional greed, chaos and orderWith less than 100 days remaining until the next halving, BTC has followed the projected trajectory. Given the buzz surrounding ETFs and the current market conditions, a pullback seems probable. The initial support rests at 36k, with the subsequent support at 32k. The initial support will probably uphold the price, so I'd suggest a 65/35 liquidity split between these two zones. Until the all-time high is broken, discussing the next bull run may seem premature, but it's important not to underestimate institutional greed and Bitcoin's inherent scarcity.
Potential of Gooner EMA Crossovers in Bull Markets 📈🐂The Gooner EMA crossover strategy revolves around the interaction of two Exponential Moving Averages – a short-term EMA and a long-term EMA. When the short-term EMA crosses above the long-term EMA, it generates a bullish signal. Conversely, when the short-term EMA crosses below the long-term EMA, a bearish signal emerges.
The Influence of Gooner EMA Crossovers in Bull Markets:
Gooner EMA crossovers carry substantial implications, particularly in bull markets. Here's why they matter:
Trend Confirmation: A bullish crossover, where the short-term EMA crosses above the long-term EMA, confirms the presence of an emerging bullish trend. This indicates potential upward momentum and the possibility of sustained price appreciation.
Entry Point Identification: Gooner EMA crossovers offer traders an opportunity to pinpoint entry points in bull markets. When the bullish crossover occurs, it signifies that the asset's momentum is shifting positively, making it an ideal moment to consider initiating a long position.
Visual Clarity: Crossovers are visually evident on price charts, making them easy to identify. Their clear representation provides traders with a straightforward signal for making informed trading decisions.
Timing Advantage: Gooner EMA crossovers offer traders timely insights into market shifts. Acting promptly upon the occurrence of crossovers enables traders to capitalize on the evolving market conditions effectively.
Supporting Technical Analysis: While Gooner EMA crossovers are strong indicators, combining them with other technical tools can enhance your analysis. Confirming crossovers with additional indicators or patterns adds another layer of confidence to your trading decisions.
Conclusion:
In the realm of trading, Gooner EMA crossovers are a powerful tool, especially in bull markets. They serve as robust signals for confirming bullish trends and identifying potential entry points. As you navigate the dynamic landscape of trading, integrating Gooner EMA crossovers into a comprehensive trading strategy alongside other technical indicators and analysis tools can elevate your decision-making prowess and empower you to seize opportunities effectively. Remember that successful trading involves a holistic approach, discipline, and continuous learning. 🚀📈
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BTC - it is bearish, but high-riskHello,
Last week, we opened a short position on the bearish trend and exited with a decent profit. Afterwards, we observed a rapid price growth in Bitcoin as it entered the support range and positive news emerged. However, it can still be said that the overall market trend remains bearish. Therefore, with some risk and careful capital management, we have entered a new selling position.
Wishing you profitable trades.
MATICUSDTjust take a look at this cypto, done mapping, just the predictions, not gonna trade it, but if! price reach 1.3859 I might be consider to deposit, lols!