📈 DOGE: Potential for Explosive Growth 🚀Hey crypto enthusiasts! Today, let's dive into the fascinating world of Dogecoin (DOGE) and explore a pattern that has caught the attention of many traders and investors.
🔍 The DOGE Range: Did you know that Dogecoin traded within a relatively tight range for a whopping 554 days? That's right, over a year and a half of relatively stable prices and limited volatility.
💡 The Power of Range-Bound Trading: Range-bound trading occurs when an asset's price moves within well-defined upper and lower boundaries. During this extended period of range-bound trading, DOGE seemed to be in a state of hibernation.
🚀 The Explosive Growth: What's truly intriguing is what happened next. After trading sideways for an extended period, Dogecoin suddenly skyrocketed, surging to incredible heights and increasing in value by a factor of 11 or more.
🔮 A Glimpse into the Future: Now, here's where it gets exciting. Many traders and analysts believe that history might repeat itself. The previous extended period of range-bound trading could be a precursor to another explosive growth phase for DOGE.
📊 Trading Strategy: For traders, this presents an opportunity to keep a close eye on DOGE. If it follows a similar pattern, a period of stability within a range could be a prelude to a significant breakout.
⚠️ Always Do Your Research: While historical patterns can provide valuable insights, remember that the crypto market is inherently unpredictable. Conduct thorough research, stay updated with the latest news, and consider various factors before making investment decisions.
In conclusion, Dogecoin's historical trading behavior suggests that it might be gearing up for another exciting chapter. Whether you're a DOGE enthusiast or a crypto trader, it's a space worth watching closely. Who knows what the future holds for this popular cryptocurrency?
Stay tuned, stay informed, and remember - in the crypto world, surprises are around every corner! 🌌💰
❗See related ideas below❗
Follow + Like this post and share your thoughts in the comments; your engagement fuels the crypto conversation! 💚🚀💚
Fractalstrategy
LTC Fractals : Unlocking the Power of Repetition 📊🔁ŁGreetings, fellow traders! 🚀 Let's delve into the captivating world of fractals – a concept that reveals the art of repetition in trading patterns. Today, we'll explore the phenomenon of the Double Bottom pattern on the Litecoin chart. Brace yourself for insights into the power of fractals in forecasting market movements.
🔍 Understanding Fractals: Picture fractals as the echoes of patterns across different time frames. Just as nature exhibits patterns that repeat at various scales, trading charts also showcase fractals – smaller patterns that resemble larger ones.
📉 The Double Bottom Tale: A Double Bottom is a classic bullish reversal pattern. It consists of two distinct troughs at nearly the same price level, forming a "W" shape on the chart. This signifies a potential trend reversal from bearish to bullish.
🔄 Fractal Repetition: Here's where fractals come into play. A Double Bottom pattern on a smaller time frame can mirror a larger Double Bottom pattern on a higher time frame. The repetition of this pattern underscores the market's inclination to follow similar dynamics.
🚀 The Power of Recognition: Identifying a Double Bottom pattern on the Litecoin chart can offer insights into potential price movements. A successful breakout above the pattern's neckline could signal a bullish momentum.
💡 Insights for Traders: The concept of fractals teaches us to look beyond the surface and recognize patterns that repeat across time frames. Understanding these echoes can equip traders with enhanced analytical skills.
Deja Vu in Crypto: Bitcoin's Echoes of History RepeatingHave you ever felt like you've seen this before? Well, in the world of Bitcoin, history has a knack for repeating itself, and the charts hold the key to these intriguing echoes.
A Trip Down Memory Lane: 2020 Revisited
Why Does History Repeat?
Human Psychology: The crypto market is driven by human emotion. Greed, fear, excitement – these emotions tend to play out in similar ways, leading to recurring patterns.
Market Dynamics: Certain market dynamics, like supply and demand, tend to exert consistent influences over time.
Cycles: Markets operate in cycles, influenced by factors such as macroeconomic events, technological advancements, and regulatory changes.
2020 vs. Now: A Closer Look
While history may be echoing, it's essential to remember that no two moments in time are identical. The context, the players, the global circumstances – they all contribute to the subtle differences between then and now.
Trading Wisdom from the Echoes
Learn from the Past: Studying historical patterns can provide insights into potential future movements. What happened after a similar setup in 2020 might offer clues for today.
Exercise Caution: While history might repeat, it doesn't guarantee the same outcome. Always exercise caution and consider other factors.
Stay Informed: Stay updated on current events, as they can drastically alter market dynamics and outcomes.
In the world of Bitcoin, history is more than just a dusty record – it's a guidebook. Keep your eyes on the patterns, your finger on the pulse, and your mind open to the echoes of the past. What we're witnessing today might just be the prelude to the next chapter in the fascinating saga of cryptocurrencies.
XRP The Fall of the RiseHello fellow traders!
In this analysis we will talk about the XRP
In short! very bad picture!!
still,
1. Cardano Founder Is Done with XRP (u.today)
2. XRP Supporter John Deaton Jumps into SEC v. LBRY Case
3. Ripple, SEC make final bids for a quick win in XRP lawsuit
4.
5..
..
...
and many more to be written!
while price falls Whales add more XRP amid rumors of lawsuit ending
interesting piece..
let's consider this scenario:
coin image is for sale
the price falls more
whales buy a big chunk then the value will rise
the whales sell at a profit and the price falls again and we are in the red... (the good scenario)
then let's wait a little longer and then buy
If you liked this idea or if you have your own opinion about it, write in the comments.
Thanks for reading!
What will happen in BTC (Fractal analysis)IT'S NOT FINANCIAL ADVICE.
IT'S JUST A SCHEMATIC OF A MOVEMENT.
I WANNA SHARE MY IDEA WITH YOU TO KNOW WHAT YOU THINK !!!!
SO, LET'S GO, GUYS,
As you see, we have 4 Boxes. In the First box that I draw, the blue box is a base that pushes the price to drop (red box).
in Red box, we have a collective base that we call the double bottom, and the price runs to the top (Yellow box)
in the Yellow box, we have two different reactions. in the first price entered the blue box and active fresh sell order and then moved down and after that price entered the red box and the price acted fresh Buy order. it's related to pumping the price and finally, we have a red box, in the red box we see a classic pattern. we called it a bullish wedge and the consequence of this reaction related to dumping the price in the ellipsoid zone.
This fractal is repeating itself...
4 boxes are shown in the chart. Blue box, red, yellow, and finally red box.
the is a difference between this movement. I want to explain more to show something strange to you.
in the yellow box, a fresh sell order is activated, but fresh buy orders are not active yet and which means that this yellow zone (around 20K)could not rescue the price if the price touches it. I expect BTC to drop more to the below support zone.
The first support zone is: 9800-12500
The second support zone is: 7500-8500
The third support zone is: 3800-4300
I don't want to say BTC drops to 4K. I want to show you the strongest support zone and if the price close below the first support zone in two days by a huge candle and high volume, the next support zone will be active.
that's all. please tell me what you think.
are you agree with me?
Please share this analysis with your friends and write below, what your idea is about the next BTC Movement.
Thank you so much in advance.
XAUUSD 1H 24/04/2023On the 1-hour timeframe, we can see that we are in a bearish range that is delimited between 2011.890 and 1969.305, with the latter being the liquidity point of the range. Thus, we could look for a short operation in the gray delimited zones, with the first one being between 1998 and 1989, and the second one being the zone between 2008 and 2005. Alternatively, we can search for new ranges on a lower timeframe.
XAUUSD 4H 24/04/2023Currently, on the 4-hour timeframe, we are in a bearish range that ranges from 2011.890 to 1969.305, with the liquidity point of the range being at 1969.305. Thus, we can look for a reaction in the zone of 2008.415 to 2002.275 to enter a possible short if we have the confirmation we seek for such operations. Alternatively, we can descend to lower timeframes to see the new ranges being created and attempt to position ourselves accordingly.
OMGUSDT - OmiseGo Ready to go ParabolicHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
OMGUSDT is looking extremely bullish after a period of consolidation. The last time after OMGUSDT consolidated around the support zone and continuously tested this resistance without falling lower, it was a literal OMG moment and the price went parabolic to $9.92 in July 2020.
I think a big bounce on this zone is likely, and a near term 275% increase seems more likely than an immediate 500% increase. Ultimately, depending on your patience and trading strategy, 500% is a realistic increase for altcoin markets during a bull cycle.
The potential at this level is confirmed by HIGH volume the previous two times that the price traded around this level. A quick look at OMGBTC also shows bullish price action is most likely after a long period of consolidation against BTC .
If you're looking to get a step ahead on Bitcoin, check out this idea 👀:
These three charts together give away hidden information about where the price of BTC could be going next.
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CryptoCheck
SHIU - This ALTSEASON: Meet SHIRTUM 💰⚽💰Hi Traders, Investors and Speculators of the Charts 📈📉
Shirtum / SHIUUSDT is a fairly new token that poses a great opportunity. Currently trading in an ideal accumulation zone; a previous fractal shows the potential for a near +300% increase from this point.
Don't sleep on this altcoin, but remember to pre set your orders as this alt seems prone to pumping and dumping, which can be seen by the excessive wicking.
Since you're here 👀 Here's my current outlook on Bitcoin:
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🔮 And there will be a great wall of fire...So far this analysis has been holding up quite well, regardless of the overall bullish sentiment.
We are also hearing more bearish news from the SEC, FED, Binance, Silvergate etc., and see whales taking profit with their spot positions, which continues to add sell pressure on the market.
On a technical side, nothing has changed: We are still following the Nov '22 fractal with somewhat relative precision – although slower and with less severity – and are currently forming a potential wave 3/5 that could bring ETH down into the $1200 USD region.
Expect further down movement until we see a move above $1600 USD that would invalidate the fractal.
🔮 ETHpocalypse – the end is nigh!With price action following the November '22 fractal step-by-step, we should stay vigilant of a sharp ETH correction.
On the technical level, we find plenty of evidence for bulls running out of steam with ETH, BTC, and TOTAL2 all running into major resistance.
Combined with a lot of fresh longs entering the scene, all we need is a catalyst to create a mass liquidation event ala FTX. Could be the SEC, could be the Shanghai update, or could be more Binance FUD. Whatever might ignite a spark, a correction is overdue. And with the 1700 level resisting any sustainable continuation upwards, the local top is likely in.
Heading into the demand zone, we have price targets for this idea at 1080, 1000 and 930.
Why you cant use FRACTALS as a buy sell indicationThis is to help a follow trader here on #Tradingview @TradingView
@blong8797 This is mainly for you.
The problem is that Fractals print late and can not be relied on for use in a any automated system. They will literally BLOW YOUR ACCOUNT.
Fractals look nice once they are plotted out but they are to be used as PREVIOUS price data and not CURRENT price data.
Watch the video to see what the problem is with using them in an automated system.
KALA New Drug on the Street Hi Traders
We can't say much here!
As always history has shown us when a new drug goes on the market we have 3 scenarios:
1 we're going up (green path)
2 the medicine is not good we are going down (red path)
3 we don't know what the medicine is like until many people take it let's go sideways (purple path)
with all that is happening at the moment we are following the first scenario the probabilities looks good, but we will see as soon as the index open.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. don't forget to follow me for more news and updates.
Thanks for reading!
BNB/USDHello friends
Today we will see BNB/USD
We don't seem to have much traffic at the moment the price is stuck at the specific point of 282-284. Price should break 286-287 and go ahead to break 293 and hold 300 to be able to make a higher high
otherwise it will make 279-273 easy and we might see 270 as well and if he can't keep it we will see 260 or even lower low. I suggest that we do nothing for now
until we see some trend-volume on the charts .
.
.
Lower low : If the price of a security closes at a lower price than it did at the close of the previous day, which was also a low, then it is referred to as a lower low.
If you liked this idea or if you have your own opinion about it, write in the comments.
Thanks for reading!
'AMZN' what happened now? Hello friends !
Today we will see AMZN
So far we have protests, epidemics, interest rates and other things that are telling us not to invest anywhere.
I agree with everything!!
let's get some trades though and leave the future to the wizards
the stock seems to want to climb up again, although will meet some resistance at first
because of the holidays .. I think we will have a rise and then it will fall again.
Let's see!
This will be a Christmas present..
If you liked this idea or if you have your own opinion about it, write in the comments.
Thanks for reading!
FRACTAL: LTC Litecoin LOVES Decembers ⬆Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Historically, December is a bullish month for Litecoin, with the price often going parabolic and increasing more than 100 % ! Previously, 4 out of 5 Decembers, the price of LTCUSDT has increased exponentially. A quick look at a fractal that played out during 2020 from this exact support zone that we are currently trading on ($68) shows a whopping 168% increase.
While you're here 👀 Here's a guide to risk reward ratios and how to setup the perfect position :
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📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
lets see if this bitcoin fractal plays outthat fractal can get BTC to around 17650, with resistance starting to show around 17936.
I wld be watching this very carefully as there is potential for a big dump around 18k.
if we are to maintain bullish momentum it won't drop much below current levels
There is potential to drop as low as 16k and maintain bullish, as long as we don't make significant new lower lows since 11/21
bears sound big and scary... but honestly I just don't think will drop to 12k.. thats possible.. still in the cards, but not what I'm seeing
tho I think there is a good trade coming up with this move up then down to retest lows