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Bitcoin 2024 (Scenario 2)Bitcoin-2024-Scenario-1 Below Let's talk about the thing nobody wants to talk about. THE CME GAP AT 20k! This CME gap is one of the largest Gaps in history. Coming in at 20300 to 21200, it's a huge Gap. I remember very clearly the herd saying the "GAP AT 18K WILL NEVER GET FILLED." 500 days later, what happened, the damn GAP gets filled. How many times do we need to fade this signal lol. The fact is that every damn GAP this size gets filled at one point. Will this time be different? Are we going to play the "this time will be different" tune again lol. There are a couple of charts that are screaming Black Swan. ETH Giant rising wedge pattern in ETH. A break of this wedge would be a massive move down! XRP XRP is repeating the same pattern it formed from 2014-2017. What happened at the end of the triangle? A massive shakeout! USDT dominance Chart Guys look at the channel. Do we need to question it? Even now at the 48k top, there was not a single candle close under the channel. I've been following it with my group week by week and nothing. The channel is still strong. It is a fact that no BIG bull market or rally has started from the bottom of this channel, and until the dominance is back up to where this green circle is, the chances are this bull market will not start. So how do we get the dominance up there and still hit 70k by December 2024? By using a black swan, that's how. My call is something big happens this year, another scare, Bank, War, Virus, anything to drive mass fear. I can see it now, a crazy wick down to close the CME gap but weekly close above this macro support. If this plays out, then XRP plays out its shakeout, ETH breaks its rising wedge, and USDT dominance goes back up to the top of the channel. It all fits. If Bitcoin is at 20k and the USDT dominance is at the top of the channel, that's when I can say for sure that the bull market has started. Until then, I have doubt. We can't even say with 100% certainty that the Bitcoin double bottom is even in! Every cycle we retest and make a double macro bottom before the bull market starts, but this time it's not been so clear. Can we say that June and Nov of 2022 were the double bottom of this cycle with 100% certainty? I don't think so. This is something I have been trying to figure out for months: IS THE DOUBLE BOTTOM IN OR NOT? How can we say that with a 20k CME GAP that if it would get filled, it would then form a macro double bottom on the Bitcoin chart. This is my view on scenario 2. I would not have any longs open or collateral loans and have cash to buy if this scenario happens. This is without a doubt the most dangerous unpredictable period of the Bitcoin cycle. If nothing has happened by September, we are in the clear. Until then, protect yourself from risk. My bet is Scenario 2 unfolds.
INDEX:BTCUSD
by Sporia
LINK/USDT 1HInterval Chart I invite you to review the LINK chart in the USDT pair, also on a one-hour interval. First, we will use the blue lines to mark the upward trend channel where the price is struggling to maintain its position, while the local yellow circle will mark the local upward trend lines to which the price is trying to return. After unfolding the trend based fib extension grid, you can see the support at the level of $14.82, which has held the price for now, then the second support at $14.31, and then the third support around $13.44. Looking the other way, we see that the price is heading towards the resistance level of $15.53, which had previously decreased the price, the next resistance is at $16.11, only after breaking above it, the price will be able to move towards $17. The RSI indicator shows that we are staying near the middle of the range, while the STOCH indicator still has room for the price to drop to lower levels.
by cryptodailyuk
LINK IS BEARISHA range is formed between SW H and SW L Recently, the trend lines were broken and we have a bearish CH on the chart With this weak momentum, we are expected to move down I have marked the targets on the picture Closing a daily candle above the FLIP level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
3
Link wave 5 in or coming?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! BIST:LINK update. 🧵 In @ 13.92, TP. Thinking #Elliottwave sideways possibility since the price got up here. I also know sideways can be tricky. Trading tricky is tricky. There are ways to minimize getting chopped. 2 W5 coming counts, if It's not in already... New high=clarity
Long
by CryptoKnee
Chainlink (LINK) Poised for Further Growth Despite Bitcoin's recent correction, BIST:LINK maintains a positive market stance, continuing its upward trend. Currently, its price hovers near the resistance area of $15.9–$16.5. A successful break above this resistance could lead to seller reactions in the $17.10–$17.65 range. A breach of the $17.65 level might propel BIST:LINK to as high as $20, a price point not seen in the past eighteen months. In a less likely correction scenario, BIST:LINK could retreat to support levels at $14.4–$15, $13.5, and down to $12.25–$13. A major downturn would only be triggered by a substantial Bitcoin correction and BIST:LINK 's price falling below $10.
Long
by DEXWireNews
LINK/USDT 4HInterval ChartI invite you to review the LINK chart on a four-hour interval. As we can see, the price has overcome the downward trend lines, but currently the blue lines mark the upward trend channel that the price has created with upward movements. Let's start by laying out the Fib Retracement grid, which will help determine price support points, and we can see that first we have support at $14.80, and then we can see a strong support zone from $13.10 to $12.20. Looking the other way, we can similarly determine the resistance areas that the price must face. And here you can see the price approaching a strong resistance zone from $16.48 to $17.64. If the price breaks out of this zone and tests it positively, we may see increases towards the resistance level of $31. Please look at the RSI indicator because you can see that we are approaching the upper limit, but there is still room for further increases. However, the STOCH indicator shows an increase to the upper limit, which limits the upward movement and may result in a price recovery.
by cryptodailyuk
LINK/USDT 1D BEARISH DUMP INCOMINGThe LINK crypto chart is displaying bearish qualities and is expected to plummet further. It has demonstrated a poor weekly outlook in the chart as the price is trapped in a range-bound situation and is facing rejection from a supply region. As of now, the LINK price is in the lower band of the parallel channel and gearing up for a steep fall. Furthermore, the LINK crypto experienced a 0.42% fall in the last 24 hours, and was trading at $14.88 at press time. The LINK crypto has shown a sign of a steep fall as the price faced strong resistance, preventing it from surpassing the $17 level on the chart. Therefore, if the price doesn’t sustain the immediate level, then the fall is imminent and it could slip to $11. However, if the demand for the LINK rises, the asset price could bounce back from the current level inside the lower band as well. Then the next goal for the LINK price could be to reach $20.
Short
by HyBlockCap
2
it's time to going up for LINKUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: here Target1: 14.460 Target2: 15.198 Target3(Final Target): 15.956 Stoploss: 13.550 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
Long
by MakingMoney444
LINK/USDT 4H ChartI invite you to review the LINK chart taking into account the four-hour interval. Here we will start by defining, using the blue lines, the upward trend channel from which the price broke out at the bottom, but we can see a quick return and a fight to return to the channel. At this point, it is also worth marking the local downward trend line in yellow, which the price has broken with an upward movement. Looking at the current situation, we will spread the Fib Retracement grid, thanks to which we can confirm the place of return to the channel, as the first significant resistance at the level of $14.28, then we have a visible second resistance at the level of $15.57, and then located at the upper border of the upward trend channel , a strong resistance zone from $16.50 to $17.67. Please look at the EMA Cross 10 and 30 indicator as we can see the red ema cross 10 line attempting to cross the green ema cross 30, potentially indicating a return to the local uptrend. However, it is worth being careful whether this is just a false breakout and the price will start to reverse. In such a situation, we will unfold the fib retracement sheet again to determine the supports. And here you can see support at the level of $13.79, and then it is worth marking the support zone from $12.74 to $12.19, if this zone is broken, we can see the price return to around $10.59. Now it is worth switching to the RSI indicator, which shows an upward trend line that gives rise on the chart, with room for new movements, but after switching to the STOCh indicator, we see that a downward trend has begun, which may, however, result in a price correction.
by cryptodailyuk
link going to 11$?hi guyz As shown in the chart, the price failed to stabilize above the support. Even from another look, he sees that he gave a farewell kiss to the support area. The most important price node available is $11.1, which in my opinion, the price can go down to the specified area in the next few days. And if there is no stabilization in this area, the next peak will be between 9.5 and 10 dollars Looking at the moving averages, we also notice that the sellers performed stronger (mv50 and mv 200 4h) In the daily time frame, we can see that the moving average is on the level we mentioned in the 4-hour time analysis
Short
by aliasadii
1
Strong PotentialIn the weekly chart, LINK is showing strong potential for a price increase. If it follows a rising trend, it could quickly reach the higher price levels that are being monitored. This indicates a possibility for growth in its value, highlighting the asset's positive momentum in the market. It's important to watch these trends closely, as they will influence how quickly and significantly LINK moves towards these higher price points. This analysis is informational, not financial advice.
by MonoCoinSignal