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DOGE | ALTCOINS | All Time High NOT YET INDoge, together with other alts such as ETH and SOL have not yet made a new high that is justified according to the increases on BTC. After a 45% correction over 2 weeks, DOGE is likely ready for another push up. This reminds me much of the previous cycle, where alts lagged behind until a few weeks AFTER BTC actually topped out. Here, you can find much more detail on how to watch the BTC.D chart to call the top: _________________________ BINANCE:DOGEUSDT CRYPTOCAP:TOTAL3
Long
by CryptoCheck-
2
DAY 2 - Daily BTC Update Yesterday's Update I’ve dropped the chart to a daily timeframe to analyse signals that upward momentum could return. Here's what I’m seeing: STOCH RSI: The indicator is nearing a cross, historically pointing to a potential bounce. 0.236 Fibonacci Level: The current candle at this level is a Dragonfly Doji, which, if confirmed by the next few candles, is often a signal for reversal. Many of you have asked why markets dipped despite the 25bps rate cut. Here’s the insight: Federal Reserve Outlook: The Fed has signalled fewer rate cuts in 2025, tempering market enthusiasm and creating uncertainty in risk assets, including Bitcoin. BTC Exchange Net Outflows: Over the past 24 hours, 4,169 BTC have been removed from exchanges, continuing a two-day streak of net outflows. This suggests a decreasing supply of Bitcoin on exchanges, a possible sign that holders are moving assets to cold storage or other off-exchange wallets, signalling confidence in holding for the longer term. Supply and Demand in Bitcoin Understanding supply and demand is crucial for interpreting Bitcoin’s price movements: Supply: When the supply of Bitcoin on exchanges decreases, as we’re seeing now, it often indicates that fewer people are willing to sell. Holders moving BTC to cold storage or off-exchange wallets typically signal confidence in Bitcoin’s future value and reduce the immediate availability for trading. Demand: If demand for Bitcoin remains constant or increases while supply decreases, basic economic principles suggest that prices will likely rise. Conversely, if demand weakens while supply remains limited, the price can stagnate or fall. Right now, the net outflows from exchanges suggest supply is tightening, setting the stage for potential upward price pressure if demand increases. Now we need to watch and wait for a TETHER print that often happens with increased demand. Please give me a like if this has helped and see you again tomorrow :)
by LisaNEdwards
ETHUSDT.1DThe analysis focuses on Ethereum's performance against the US dollar (USDT) as traded on the Binance platform. The data is pulled from daily charts, offering insights into ETH's price movement trends and potential future directions. Price Action and Trend: Ethereum has been demonstrating a bullish momentum in recent weeks, evidenced by its upward movement and recovery from previous lows. The price recently broke through a descending trend line, indicating a potential reversal of the preceding downtrend. Key Technical Levels: Resistance Levels (R1 and R2): R1: $4,125.64 - This level is crucial as it previously acted as a strong resistance. A decisive close above this could signal continued bullish momentum. R2: $5,528.52 - This represents a significant historical resistance level and a potential target should the upward trend continue past R1. Support Levels (S1 and S2): S1: $2,713.70 - Currently serves as the primary support post-breakout, crucial for maintaining the bullish trend. S2: $2,101.09 - A further fallback below S1 would find cushioning here, a level where buyers previously stepped in. Technical Indicators: MACD: The Moving Average Convergence Divergence is nearing a bullish crossover above the signal line, indicating strengthening momentum. RSI: The Relative Strength Index hovers around 54, suggesting a balanced scenario between overbought and oversold conditions, which provides room for upward or downward movement without extreme pressure. Volume and Market Sentiment: Volume shows consistency, with increased activity during price hikes, suggesting a strong buyer presence at key levels. Conclusion and Forecast: The recent breakout above the descending trend line and the maintenance above $2,713.70 (S1) suggest a bullish outlook in the short to medium term. The next key challenge for Ethereum is surpassing the $4,125.64 resistance, which could pave the way for a move towards $5,528.52. Trading Strategy: Bullish Scenario: Consider buying on retracements towards S1 with stops below this level. Target profits at R1 and potentially R2 if the momentum continues. Bearish Reversal: Should Ethereum break below S1, this could indicate a potential reversal or deeper correction. Short positions could be considered with targets around S2, placing stops above S1 to limit risks. Summary: Ethereum shows promising signs of continuation in its bullish phase, provided it can maintain above key support levels. The approach should be one of cautious optimism, monitoring for sustenance above S1 and reaction at R1 to adjust trading strategies accordingly.
Long
by MarsSignals
Bullish Jump, Bullish Growth, Bullish Signals & Bullish AltcoinsThis is a great example of a strongly bullish chart. The low was in August and in December we get a higher low. Even if by one satoshi only a higher low is a higher low and works as a bullish signal. Technically speaking, it is a double-bottom but can be considered stronger because it reversed right before reaching the previous support level. Let's keep it simple shall we? It is going to grow a lot. The second signal is the previous bullish wave. The long upper shadow on the 11-Nov. session shows that resistance has been removed. On the next bullish jump, we get a higher high. In this chart and in this case, this can mean 243% to 420% potential for profits. Long-term there can be more. Thank you for reading. Namaste.
Long
by AlanSantana
1
ETH/USD (2H Chart)Short Trade Setup Potential short trade opportunity for Ethereum (ETH/USD). Key levels are marked: Stop Loss (SL): Above recent resistance at $3,518.22. Take Profit 1 (TP1): At $3,396.85, aligning with mid-support. Take Profit 2 (TP2): At $3,124.53, targeting the next major support zone. The setup capitalizes on bearish momentum following a resistance rejection. Monitor for trend continuation or reversal signals, Note: T his analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
BINANCE:ETHUSDShort
by David_Josh_Trader
1
NEAR - Primed for Action: Long Setup to $6 NEAR experienced a strong bounce after a significant sell off. The price has now retraced into the golden pocket zone (0.618–0.666 Fibonacci retracement) and appears to be accumulating within this range atm. Key Observations and Trade Setups: Accumulation at Golden Pocket: The formation of a trading range in this area indicates that buyers are stepping in. Once volume begins to pick up, it could signal the start of an upward move. Upside Target: Using the Trend-Based Fibonacci Extension, we project a 1:1 target around $6, which coincides with a key resistance level and another golden pocket zone. This provides a potential gain of +22% for the long trade over the coming days. Short Opportunity at Resistance: The $6 level represents a strong confluence of Fibonacci and resistance, offering an excellent shorting opportunity if the price gets rejected there. Trade Plan: Long Setup: Entry: Current accumulation zone around $5, also a key level to watch Target: $6 for a possible +22% gain Stop Loss: Below $4.50 Short Setup: Entry: Around $6, once rejection is confirmed Target: Depending on confirmation, potentially back to the golden pocket zone
Long
by SiDec
3
Bullish Bias Confirmed —Marketwide Bullish AltcoinsStratis (STRAXBTC) is producing the highest volume ever today to break above resistance. The action we are seeing now on this pair is also the strongest bullish action ever. This can be translated as the start of a major bullish wave, which means that there will be additional growth. This is awesome. I am seeing some of the major Altcoins going down today and some of the minor Altcoins going up. This means that money is flowing from the big ones to the small ones; this means that the Altcoins market, the small and medium-sized ones, is about to experience a massive run. This is all better than great. We can assume that the giants will continue to consolidate, move sideways, while the smaller ones grow. Remember, the market is set to consolidate but with tens of thousands of Altcoins, some can grow will others don't. Choose wisely. Thanks many for your insistent support. Namaste.
Long
by AlanSantana