JUPITER
After tendline breakout, can JUP hold this support zone?Major Support Level: 0.565-0.575
Major Resistance : 0.625- 0.64
There is a breakout from a trendline as you can see on the chart. Then it reachd the support and the trendline is retested and seems like it got a rejection from there. So here is some possibilities of more downward movement. We may see new bottom (ATL) in case it breaks the support zone.
But if it somehow can hold the support then we will price reclaiming the 0.62-0.64 zone. In this case, there will be a weak resistance around 0.605
Might drop to support-1 Hour Chart in Downtrend First off the Total market cap 3 chart, BTC, and Solana is below there fob 50% Retracement level so that is not good on Jupiter or the altcoin market. Jupiter is in a downtrend on the Gann Swing chart with RSI negative, MACD touching negative, SAR trending down, Supertrend down, and the Aroon down. Only indicator that is up on the hourly is the DMI. Looking for the price to test the support and hopefully it doesn't close below it, just wick down.
Market Update - February 2, 2024Weekly Market Update - February 2nd 📨
Fed Votes to Hold Interest Rates Causing Stocks to Tumble
SEC Set to Approve Ethereum ETF by May
Record Breaking Trading Volumes for Solana Dex in Wake of LSE:JUP Airdrop
Ethereum ETF:
According to a new report by British multinational bank Standard Chartered, the U.S. Securities and Exchange Commission (SEC) is set to approve Ethereum (ETH) exchange-traded funds (ETFs) by the final deadline for approval on May 23, potentially doubling the current price of ETH.
The report expressed strong confidence in an approval, citing the fact that the regulator has not classified ETH as a security.
$700M LSE:JUP Airdrop to Solana Wallets:
One of the biggest token airdrops ever took place on the SOL blockchain this week, as the Jupiter network started distributing roughly $700 million worth of its JUP token to nearly a million SOL wallets.
Token trading on Solana decentralized exchanges briefly surpassed trading on Ethereum-based exchanges in December, and with the latest JUP airdrop, it could very well flip in favor of Solana again.
Stocks:
Markets closed down -1.61% and -1.94% respectively, caused by the pushback of an interest rate cut, and amplified on the day due to a number of the tech giants showing underwhelming earnings on Tuesday evening and opening lower on Wednesday morning.
🏦 Topic of the Week: What is an ETF?
Read more here
JUP (Jupiter) sell off done, undervalued - super longI think JUP had a quick sell off and big investors will now step in.
For me me JUP is really undervalued and I don't see any reason to wait for better price.
The marked zone in the chart is for me a great DCA area for a short time trade.
Very bullish on JUP - non financial advice!
JUPUSD Breakout Incoming?Jupiter is in an accumulation phase with support and resistance being established neatly for the most part inside the falling wedge pattern shown. Previous selloffs below support have proven to be transitory events, with bulls showing resilience by reestablishing support above 0.0108 each time.
Look for breakout confirmation at 4-hour close with a bullish engulfing green candle, resulting in a possible pump to half the distance from previous swing high and low, as represented by the 'flagstaff', to ≈ .01586.
I’d unload JUP if it falls below previous swing low @ ≈ .092 and stack it if it surmounts previous swing high at .018 for a likely retest of .0123, .0125, and after that, .0136. or higher.
🅱️ Bitcoin's Connection To The Stars In Retrospect! (₿)We looked mainly at three planetary alignments to see how these would affect Bitcoin and find out if they would support the bullish signals we were getting from the charts. (November to early December 2022)
We wanted to know specifically if the planets were pointing to a recovery/higher prices in 2023. Bitcoin's growth potential.
The planets we looked at were mainly Jupiter, Uranus and Mars.
Mercury also but it goes retrograde quite frequently and so we give it less importance.
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Disclaimer: Before we start, please allow me to say that I am in no way knowledgable about astronomy and the planetary/solar system, nor do I have any significant amount of knowledge or experience regarding astrology nor any topic whatsoever for that matter, I am a complete novice at everything and always open to learning. I am sharing what I see, intended always 100% for your own entertainment, some learning is possible by taking and leaving...
Take what you like, leave what you don't like.
Now, I don't mind using every tool available at my disposal in order to get a wider perspective and any signal needs to be read together with other signals and the whole market. Taking signals in isolation can lead to mistakes.
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Let's continue...
As these celestial bodies station to move backwards, what is called a "retrograde", we expect the markets to react in a similar way. Not only the Cryptocurrency and financial markets but all aspects of life start to reflect the energies these planets are emanating/releasing/emitting.
Backward motion, retrograde, all their qualities and characteristics we feel in the same way.
As these same celestial bodies station to move forward, direct, we expect forward motion to resume.
These planets go through very long cycles and when a phase changes the effects are not felt instantly, it can take several weeks or months for the full effect to take place.
For example, Mars goes retrograde only once every 2 years for about 3 months. Once it goes forward, it can take weeks before these energies are fully revealed/expressed in our day to day life.
Jupiter which is the planet of expansion, abundance, luck, wealth, growth, etc. went direct and later entered Aries Dec 20, 2022.
Mars went direct Jan 12, 2023.
Uranus went direct Jan 22, 2023.
Mercury ended its retrograde Jan 18, 2023 but Mercury goes retrograde 3 times per year, so this is a common occurrence and so less important compared to the other bigger planets.
Bitcoin Connection To The Stars, Looking Back!
In relation to Bitcoin, we can see how by December 20 Bitcoin printed its first strong green candle after the 14-Dec. peak.
19-Dec. marked a higher low compared to 21-Nov. and Bitcoin has been growing since. It takes time for these energies to develop and so we see Bitcoin slowly rising and finally speeding up after Jupiter entered Aries Dec. 20, 2022.
12-Jan. marked the strongest bullish session in more than 2 months, Mars goes direct and Bitcoin starts gaining in bullish momentum. Mars is the action planet, as Mars stations direct the action starts, everything gets to move forward. This is clearly reflected in Bitcoin's price.
18-Jan. marked the end of the mini consolidation phase and also Mercury's retrograde.
22-Jan. Uranus goes direct and all the stars are now aligned for everything to move forward...
Jupiter was still going through its post-shadow phase and this ended exactly on guess what date? 14-Feb., yesterday... As this phase ends and now Jupiter is 100% forward/direct, Bitcoin breaks up, Cryptocurrency breaks up and the doors are open for new highs all across the board.
All the stars are now moving forward until late April 2023.
What does this means for us technical analysts and traders?
Regardless of the fake signals that sometimes come up on the charts...
Regardless of the doubt that creeps in when the action stops...
Regardless of the FUD and bad news bear markets tend to create...
The stars are telling us to move forward...
We have very strong confirmation of this fact based on the price action of all the pairs that we trade.
Bitcoin, Cryptocurrency and the Stock Market is moving together with the stars.
Bitcoin stations direct!
Namaste.
Reading Candlestick Strength To Anticipate Breakdowns #EURAUDCaptions provided on chart
Read into WHAT the candlesticks are telling you
A chart and a candle and an indicator is simply a way to DISPLAY INFORMATION, nothing else
What will you do with this information?
What setups do you look for with this information? How do you manage risk?
Crude Oil Trade Of The WeekTrade of the week once again goes to crude
Beautiful double top setup with trendline break and retest
We had a failed breakout and a bearish engulfing for entry
We had divergence and red shade (extreme overbought conditions) on every timeframe on the Jupiter Pendulum
Full Breakdown on YT Shorts
🪐 Bitcoins Connection To The Stars, Do You Believe In Miracles?Do you believe in miracles?
What constitute a miracle?
Something impossible happening?
Something improbable or something out of the ordinary?
Something extra-ordinary?
Or maybe just something that is not expected... That too can be considered a miracle.
I am talking about miracles because that's what we need to see things change/turn.
And things are turning for sure.
Jupiter...
Jupiter is a planet/wandering star, depending who you ask.
Jupiter has been moving backwards...
You know how the moon affects the tides and human emotions?
Did you know that when the moon is full people are more active, outgoing; wild emotions?
Meanwhile, when the moon is new/empty, people are more passive and laidback.
The same happens with the sun.
When the sun goes out, most of the life in our world also decides to retire for the day.
The Astros/luminaries affect us humans.
This is a well known fact, ask our beloved scientist.
The stars/planets are just like the moon and sun but the influence is more subtle as they are farther away, yet they still influence us and that's what I want to get at today.
On the 20th December Jupiter goes direct.
It goes direct in Aries.
It has been moving backward (retrograde), it stops and then goes direct.
Just as the sun and moon, this will have a strong effect on the human beings.
This will affect strongly our behaviour, our consciousness.
The market is affected by human emotions and psychology.
Humans affect the market.
The market has been going backwards...
Let's see if Jupiter can do its magic and help us experience some sort of change.
Jupiter is the bringer of gifts, wealth, abundance, expansion, success, luck!
This energy is supercharged by Aries, the first sign of the zodiac...
I'll let you do your own research for the rest.
Thank you for reading.
Remember to boost 😄👍🚀
Namaste.
JUPUSD - Falling Wedge BreakoutFalling Wedge has formed on JUPUSD within a very dominant down channel
However it is within a down channel price still has the potential to break out to the upside
This is due to the presence of a falling wedge (in yellow)
A double bottom is also present within this wedge (Comparable to a previous circle in green)
Upsides are possible
Heliocentric Jupiter on the Sun March cycle using 1st block dateThis is an interesting Gann chart highlighting March Sun cycle with Heliocentric Jupiter natal degree for bitcoin.
This chart includes the quintiles both in price and time which appear to provide solid price and time price resistance/support levels.
JUP: new ATH incoming?Jupiter is recently showing some signs of strength. This makes me think the token is ready for a new chapter.
The team is working hard to improve the Metis Messenger app (the 18th of february there will be an important update).
DeFi is also coming to jup and it willl be very positive cause it will let hodlers get an APY just by holding jup tokens.
Jup is an interesting project cause it's keeping its own identity even when integrating with other chains.
Price action:
-Jup is printing a beautiful bullish flag in the daily chart, this is most of the time a continuation pattern and it's normal to have a volume weakness during the formation of those types of patterns.
-A bullish flag don't last much, at least 1 to 3 weeks.
-if we break upward i expect at least a 70% run which will take jup over the old trendline broken in november.
This trendline is important cause it was held by jup price for 121 days! So we will obviously interact with it again.
fibonacci:
If we measure the fibonacci trend based extension from the beginning of the impulse to the top of it, until the bottom of it ( assuming the bottom was 0,023$), we can expect a run towards 0,13$.
Final consideration:
Jup is bullish recently and i think it can continue higher, we just need the team to continue delivering updates and the community to make their voices louder than ever!
Here for you, as always, CryptoSoap!
BTC to $39k by mid-January, then to $70k in 3 weeks?I use astrological indicators so if that's not your speed, this one isn't for you...
Mercury Retrograde - January 14, 2022
The Mercury retrograde cycle often has a huge impact on BTC. The 3 weeks before Mercury goes retrograde are often marked by falling prices, with the bottom coming in about the time Mercury goes retrograde. There is usually an initial drop with a few weeks of sideways action before the second drop.
Mercury goes retrograde January 14 so we are now within that several week period and we've already seen falling prices.
Full Moon - January 17, 2022
Over 80% of the time, the full moon coincides with the local price bottom and the new moon coincides with the local top (+- 2-3 days). The full moon is January 17th, which is a Monday and also MLK Day in the USA. I would expect to see the local bottom with a few days of January 17th.
Analysis
I think the current downward trend will continue another 2-3 weeks until around the weekend of January 14th. Dropping to around $39k will complete the head and shoulders pattern that started July 21, 2021.
After that I think we'll see a strong rebound...maybe even up 80% to $70k during the 3 weeks of the Mercury retrograde period. Last year we had about a 90% pump during the first Mercury retrograde of the year.
Jupiter in Pisces - December 28, 2021 WARNING!
This is the one astrological factor that may screw up the strong rebound in mid-January. Jupiter in Aquarius was very strong for BTC most of 2021. But Jupiter slipped into Pisces for almost 3 months during 2021 from May 13 to July 28. I think this is what caused the 50% price drop at the end of spring. If we don’t see a good rebound in the third week of January, Jupiter in Pisces may be putting a damper on things like it did for the May 30, 2021 Mercury retrograde. There is even the possibility of a repeat of the 50% drop we experienced the second half of May 2021, perhaps falling to $29k. I don’t anticipate this, but it’s worth keeping in mind.
This is not financial advice...just some astrological indicators to use in your own trading.
USDJPY Sideways on Jupiter Sign ChangeSignal for USDJPY
Heavy sideways on December 2021 till early January 2022
SELL STOP 113.380
STOP LOSS 113.900
TAKE PROFIT 112.740
TIME GEOMETRY ANALYSIS
Jupiter Sign Change make USDJPY 77% Sideways 23% Bullish
-1 month before Jupiter Enters Pisces (November 2021 - December 28th 2021)
Big Heavy Sideways Confirmed
TECHNICAL ANALYSIS
Gap on 112.787
Sell on Fibo External Retracement 1.618 or 2.618, wait for price action
High probability for USDJPY to make a little downside movement closing the gap
Price now on the H1 Resistance Level, means higher win rate for bearish
Price may close the gap on December 07th 16:00 UTC
Disclaimer On
Pending Order may be cancelled, trade with your own risk
Win rate on USDJPY about 68%, use proper risk management
Analysis based on chart pattern and history, it may be not accurate
Be ready for Stop and Reverse once, SL hit
Be ready for Averaging Profit once, Break Even has been setted
FX:USDJPY