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Ethereum (ETH): How Far More Will We Dump? Ethereum's price action on the 4-hour chart presents a pivotal moment for traders. Following a recent downturn, ETH has the potential to move towards the critical support zone around $1950–$2010, which previously sparked a rally. Currently, as we got rejected from the upper zones, we are looking at how today's daily candle will close, so we have a better understanding of the current market situation! If nothing changes and we do not break from the upper rejected resistance, we will most likely move towards the $1950 zone, which last time acted as pretty good support!
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by SwallowAcademy
4
Bitcoin(BTC): Liquidated Many Traders!! (Massive Drop) The first day of the week has started with a very sharp movement to lower zones, resulting in some nice liquidity hunting for millions of dollars. With prices getting rejected from the upper zone, we started slowly moving toward FVG zones that have been waiting long enough for them to be reclaimed again. With that being said, it is a little early to say if it was just a long squeeze or if we had an actual rejection from the upper zones, but what we are going to do is look for a potential re-test in the upper zones (near $43,800) with an overall aim to re-claim those FVG areas! Swallow Team
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by SwallowAcademy
8
BTC - Lower Time Frames X-rayIn every fake phase there is similarities : - Pervious Trend was massive - Classical Technical analysis patterns are forming in HTFs - Difficult to understand what "THEY" are doing (so what it will happen in result) - Lots of opposites in patterns, indicators reports and a gap between BUY scenarios and SELLs. 2 sides are probable to happen. - A SHARP move will accrue - There is fear of missing the trend Check if you can see this mental games in chart. Think outside the box. Think independently and shine alone like stars.
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by mentorify
34
A message in a bottle! Howdy fellas, We spent just over a week at the farm so I wasn't able to check much as we dont have internet there. Soon I will be testing Musk's starlink device, and I'll be really happy if that works out! Anyway, I was happy to see that no movement really happened and I didn't miss much. Looks like a lot of chop on lower timeframes while the weekly gathers enough momentum for a drop. Volume means everything and there hasn't been a lot of it, so I stand by the fact we have an imminent drop to the 28-30k range to begin with. Weekly rsi perfectly shows the hidden bearish divergence, and phoenix shows a confirmation of the green closing making contact with red rsi as well while going down so be ready. On the videos I posted before I mentioned the possibility of going to that fib line above 40k, and as much as that could still happen I think even a harder drop would concur after that. Anyway fellas, Im gonna leave this here for my records and wish you a good week. Trade thirsty, my friends!
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by mr_willmedina
FTT/USDT 1D. Channel. Cycles. Accumulation. Idea.Idea on the secondary trend of the FTT token of "scam exchange" FTX. After the FTX scam horizontal channel started to form. There were 2 accumulations zones which lasted each 30 days ~(1 month). After that the pump followed. Now the price is between this 2 accumulation zones(buffer zone) for 3 months already. After first pump local dip formed, after which another pump(2nd wave) followed. This wave formed local cycle at the duration of 32 days. Shown on the chart. Above the chart each period is described. Below - what happened at each point of a new cycle. Lately, after each new cycle(beginning since Aug 18) - we've seen price increase from 30 to 40%. This 3 local pump waves formed an ascending triangle(bullish formation). Next cycle is on Nov. 22. 15 November is the date of listening for FTX case. So, what do you think more likely - rise to somewhere about 2.2022$ zone(89.6% from current)? Or the dump to the support of the "outer" channel to about 0.8088$ zone(-30.81%)? By the way, since the beginning of the last local cycle - we've seen a significant increase in volume(Bitget exchange). Local resistance of the triangle is 1.22-1.33$$ zone.
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by TradingTsar
Beware of FOMO: Bitcoin's Rollercoaster Ride & Bullish ProspectsToday, Bitcoin experienced a sudden pump, driven by fake news published by Cointelegraph, only to return to its normal price range, surpassing the 30k barrier in the process. 🚀 This led to a frenzy of FOMO-driven buying and, unfortunately, resulted in approximately $100 million in liquidation losses within just an hour. 😬 This serves as a valuable lesson for everyone—never succumb to FOMO and always remember to 'trust but verify.' 🕵️‍♂️ Despite the price returning to its usual range, the overall market sentiment remains decidedly bullish. 🐂 The eagerly anticipated ETF confirmation is poised to further fuel Bitcoin's upward trajectory, marking the missing piece for the 2023-24 bull run. 📈 I anticipate this month will conclude with a significant positive price increase, possibly even surpassing the 30k mark. 📅 Regardless of the ETF's approval status, a crypto bull run is on the horizon. If the ETF faces rejection, we may witness a minor price correction, but it won't derail the bull run. 📉 Stay tuned for more updates. Feel free to like, comment, and follow us! 📣 Cheers, 🥂 GreenCrypto
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by GreenCryptoTrades
📈 Crash History RepeatsIn the dynamic world of cryptocurrencies, history often offers valuable lessons. Recent market events have some intriguing parallels with previous years, shedding light on Bitcoin's remarkable resilience. 🪙📜 2019: The COVID-19 Era In 2019, the crypto market faced its own challenges amidst the COVID-19 outbreak. Bitcoin initially experienced a price drop due to the uncertainty surrounding the pandemic. The 2020 Resurgence: Learning from the Past What followed the 2019 dip was a stunning resurgence. Bitcoin not only recovered but soared to new heights, demonstrating its ability to weather storms. 2022: The FTX Incident Fast forward to 2022, when the market faced turbulence due to the FTX incident. Once again, uncertainty gripped the crypto space as prices took a hit. 2023: A Familiar Pattern Emerges In a fascinating twist, 2023 seems to echo the past. Similar to 2019 and 2022, Bitcoin is displaying resilience in the face of adversity. Bitcoin's Tenacity: A Lesson in Adaptation Bitcoin's history is a testament to its ability to adapt and overcome challenges. The crypto giant has repeatedly bounced back from setbacks, surprising skeptics. The Future: Navigating the Crypto Landscape As we navigate the ever-changing crypto landscape, history reminds us that market downturns can be followed by remarkable recoveries. Staying informed, maintaining a diversified portfolio, and practicing risk management are crucial. Conclusion: History as a Guide History has a way of offering guidance in uncertain times. While we can't predict the future with certainty, we can draw inspiration from Bitcoin's resilience. As we witness Bitcoin's tenacity once again, remember that the crypto market is ever-evolving. By learning from the past and staying adaptable, we can navigate the challenges and opportunities that lie ahead. 🌐🚀 ❗See related ideas below❗ Feel free to like, share, and share your insights in the comments. Your active participation fuels our crypto discussions and fosters a collective understanding of this exciting space. 💚🚀💚
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by Yaroslav_Krasko
1
EMA 50 : A Crucial Indicator in Crypto!In the dynamic world of crypto trading, indicators are the compass guiding traders through the volatile seas of the market. Among these, the Exponential Moving Average (EMA) with a 50-period setting holds a special place. Its significance is profound, often serving as a critical threshold that can dictate market sentiment and price trends. Let's delve into why EMA 50 is so crucial and why the crypto community is buzzing with anticipation regarding its next move. EMA 50: A Beacon of Significance EMA 50 is an Exponential Moving Average calculated over a 50-period range. It provides a smoothed average of past prices, effectively capturing essential market trends. The Power of EMA 50 EMA 50 is a key determinant for identifying the prevailing trend. When prices are above EMA 50, it often signals a bullish sentiment. Conversely, prices below EMA 50 indicate a bearish outlook. For many traders, the EMA 50 acts as a "line in the sand." A breach can trigger significant market movements. The Cryptocurrency Connection Cryptocurrencies have a unique relationship with EMA 50. It's an indicator that crypto traders frequently monitor, as it can act as a pivot point for major price shifts. Recent events have demonstrated Bitcoin's struggle to maintain supremacy over EMA 50, hinting at a potential market shift. The Power of Three: EMA 50 Challenges Interestingly, Bitcoin has tested the EMA 50 three times and experienced rejection. The market's failure to secure dominance above this level has raised questions. In trading, they say "third time's the charm," and crypto enthusiasts are eagerly watching for Bitcoin to potentially conquer EMA 50 on its fourth attempt. The Anticipated Breakthrough If Bitcoin successfully breaches EMA 50 and maintains a position above it, it could signal a shift in market sentiment. Bulls might take charge, and a sustained uptrend could follow. Such a development would reverberate throughout the crypto market, impacting altcoins and potentially ushering in a broader bullish phase. Conclusion: EMA 50 - A Critical Juncture EMA 50 is more than just a technical indicator; it's a reflection of market sentiment. As Bitcoin readies for its fourth attempt at conquering this pivotal level, traders and investors worldwide are poised for potential market-altering developments. Remember, the crypto market is inherently unpredictable, and it's vital to maintain a well-informed, adaptive trading strategy, including risk management measures. 🌐📈 In the ever-evolving world of crypto, EMA 50 is not just a number; it's a symbol of market dynamics and potential change. Stay tuned for the next chapter in this exciting crypto journey! 🚀🌟 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
by Yaroslav_Krasko
6
The final dump in bitcoin should be anticipated.#BTC UPDATE BTC is developing a descending triangle pattern in the 4 hour time period, but it hasn't yet broken down, therefore it needs to. The pattern suggests that we may have a decrease of approximately 17%, or 21.5k level. BTC has been moving sideways for the past 22 days without making any significant moves. Let's see how the market react Disclaimer: This analysis is not financial advice. Trading cryptocurrencies involves risk, and past performance is not indicative of future results. Always conduct your research and consult with a professional advisor before making investment decisions. Follow us for More Quality Analysis.
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by CRYPTOMOJO_TA
9