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🔥 Bitcoin Bull-Flag Break Out Confirmed! Next Leg Up Coming 🚀In my most recent BTC analysis I talked about Bitcoin's pending break out of the bull-flag pattern on the chart. As of today, my initial entry has been hit and the top resistance has been retested as support. This makes me believe that the break out is legit and that a new leg up is on the horizon. My target remains at 80k, although I wouldn't be surprised if we surpass that. For the people who missed my last entry, I put a new signal on the chart at the right side. Keep in mind that this is a very tight trade. However, if it plays out it can be a good money maker with an RR of over 7.
Long
by FieryTrading
9
IDEA - Follow The Trend 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 IDEA has been overall bullish , trading within the flat wedge pattern in orange. Currently, IDEA is in a correction phase, approaching the lower bound of the wedge. Moreover, it is retesting a strong demand zone $0.0026 - $0.003. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline. 📚 As per my trading style: As #IDEA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
🔥 Bitcoin Bull-Flag Taking Shape: Preparing For 80k!In this analysis I want to take a closer look at Bitcoin's performance over the last few weeks. My earlier analyses proved to be wrong, so waiting until the market shows us clarity is always a good idea. Now that BTC has established two higher-lows after the big sell-off on March 5th, we can say with some confidence that BTC is currently trading in a bull-flag pattern like the one on the chart. Bull-flags classically break bullish, so we're going to place our target at the closest round number of 80k. If you want to change this trade into a longer-term one, change the target to 100k with an even higher R/R.
Long
by FieryTrading
20
🔥 Bitcoin On-Chain: Completely Normal Correction!In this analysis we talk more about yesterday's analysis where I discussed the completely normal correction that BTC has been seeing. Furthermore, chances are that we will see more of those correction in the coming months. As seen on the chart, Bitcoin sees multiple deep corrections (>20%) during bull-cycles. Sometimes they are less excessive, but >20% is generally the bottom. Currently, BTC is trading around 11% from the ATH. It's not great, but looking at previous bull-cycles it can certainly get much worse. For now, there's not a real reason for the bulls to worry. Yes, BTC is not really doing great at the moment, but did we really expect a move from 40k > 100k without any corrections? Patience will reward you.
BLong
by FieryTrading
8
🔥 Bitcoin Bulls Have NOTHING To Worry AboutBitcoin has been trading relatively bearish over the last month. However, this appears to be normal trading behaviour after a new all-time high has been made. As seen on the chart, BTC did the same thing two cycles ago. Make a new ATH by ~7%, and then dump ~33%. Not sure whether we will dump 33% this time due to diminishing returns theory. Looking at this fractal, bulls have little to wory about. We've seen the dump before and will likely see a new ATH in the coming month. Will we drop further? New ATH soon? Share your thoughts 🙏
INDEX:BTCUSDLong
by FieryTrading
2
🔥 Ethereum Dead Cat Bounce? Potential Massive Sell-Off ComingIn this analysis I want to take a look at ETH's price action over the last few weeks. It appears that ETH is underway to form a classical pattern that most of you a familiar with, a dead cat bounce into another sell-off. Keep in mind, the dead cat has not been confirmed yet, since the price needs to go below the purple dotted line. Still, it's a pattern that will likely play out if the Bitcoin bulls will not step in very soon. ETH (and likely also BTC) is at risk of giving away most post-ETF gains if this continues. We knew already from other analyses that Bitcoin is far ahead of where it *should* be at this point in time, so a correction might be necessary? Time will tell.
Short
by FieryTrading
2
LTC/USDT - Long term view | Buy now and HODL #LTC/USDT #Analysis Description --------------------------------------------------------------- + The LTC price has decisively broken out from the resistance line and is now heading towards the next resistance level. + In the previous bull run, we observed a similar pattern that resulted in substantial profits for traders. + I anticipate a comparable pattern emerging in this bull run, indicating the potential for significant profits with this trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 102 Stop Loss: 62 ------------------------------ Target 1: 142 Target 2: 180 Target 3: 226 Target 4: 389 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading capital Leverage: 3x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
1000SATS - Resistance breakout | Long Trade #1000SATS/USDT #Analysis Description --------------------------------------------------------------- + The price has reached the resistance line for the fifth time, and there are indications that it may finally break out. + I perceive a promising opportunity for a LONG trade should the price successfully breach this resistance line. + Let's exercise patience and wait for the breakout confirmation before entering the trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:0.0005535 Stop Loss: 0.0004856 ------------------------------ Target 1:0.0005936 Target 2: 0.0006501 Target 3: 0.0007405 ------------------------------ Timeframe:1H Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
5
🔥 Bitcoin: VERY Similar Fractal Found! New Highs Soon?In this analysis I want to talk about a fractal that I recently found. Was looking at Bitcoin's price action over the last few weeks, and realized I recognized that pattern. Bitcoin has been following a very similar pattern (fractal) as the SP500 did during the 2022 bear market and the 2023 bull-market. Keep in mind that fractals will rarely be exactly the same, so some minor deviations are to be expected when comparing both charts. Won't dive too deep into details, but you can clearly see that Bitcoin is following the SP500 fractal. 1-2-3-4 are lower-highs, blue arcs are three lower-lows and two higher-lows. In purple a 3-waved bull-flag and a yellow dotted resistance at the 0.786 Fibonacci retracement. It looks extremely similar. Only deviation thus far has been the price action over the last few 2 days. I'm not using this fractal comparison to claim BTC will go up guaranteed, but it's at least a point for the bulls. IF this fractal plays out, expect a new all-time high in the next 1-2 weeks. Happy to hear your thoughts about this fractal 🙏
Long
by FieryTrading
7
🔥 When Will Bitcoin Reach The Cycle Top? In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, purely based on price action. On the chart you can see Bitcoin's price action over the last 13 years on the 2-week chart. The arrows are drawn from the first candle close above the previous all-time high (purple lines). In short, it takes between 17 - 24 bars (34 - 48 weeks) before Bitcoin reaches it's cycle top, 20 bars on average. Seeing that we're currently at the first candle close above the last ATH, we can extrapolate previous data and reach the conclusion that Bitcoin will top in December 2024. When do you think that Bitcoin will top? Share your thoughts!
Editors' picks
INDEX:BTCUSDLong
by FieryTrading
53
🔥 Bitcoin Bottom Might Be Near! Bull-Market Continued 🚀In this analysis I want to discuss the possibility that Bitcoin's temporary correction might be at the ending stages and that the bullish trend might continue in the near future. I want to look at two things: - The price has hit the purple dotted support on the chart. - The RSI has hit oversold on the 4H chart for the first time since late January, at the start of the bull-run that took us from 39k > 74k. These two factors combined make me believe that a bottom is potentially near and that we can make a decent trade off this area. Target at 80k, stop below the March 5th dump, to create a good trade with a RR of exactly 5.
Long
by FieryTrading
41
🔥 Bitcoin: The Most Accurate Cycle Top Forecast To Date! 🚨Preface This analysis is based on historical price action. Since BTC only had a couple of cycles before, the data presented is based on just a few observations. Furthermore, this analysis will use calculations based on a mathematical model based on these few observations. TLDR/Summary at the bottom. Goal of this analysis In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, and around which value it will top. With the information at hand, I'm reasonably certain that this is one of the best forecasts currently on the market. Indicators and Assumptions The first indicator on the chart is the Bitcoin Logarithmic Bands indicator, a personally made indicator which tries to calculate a Bitcoin top during a certain time frame by calculating a bottom and top band within BTC will top. More information below: The second indicator (or better said, assumption) that we use is the fact that Bitcoin has previously always topped between 34 - 47 weeks AFTER closing a weekly candle above the previous all-time high. I came to this conclusion after making this analysis below: Making the calculation 34 weeks after the 4th of March = 28th of October. 47 weeks after the 4th of March = 27th January. If the above will remain true for this cycle, we can expect Bitcoin to top between October 28th 2024 and 27th of January 2025. Now that we know the dates, we can also easily calculate the values. Naturally, we assume that the Bitcoin Logarithmic bands indicator will hold. (rounded for readability) 28-10-2024 lower band: 135.000$ 28-10-2024 top band: 195.000$ 27-01-2025 lower band: 144.000$ 27-01-2025 top band: 208.000$ Summary Based on the "New ATH to Top" model and the "Bitcoin Logarithmic Bands" model, we calculated that Bitcoin will top between 28-10-2024 and 27-01-2025, with a value between 135.000$ and 208.000$. Enjoy this analysis? Leave a like and a comment 🙏
INDEX:BTCUSDLong
by FieryTrading
21
RUNE - Good Potential LONG trade#RUNE/USDT #Analysis Description --------------------------------------------------------------- + RUNE has unmistakably breached the resistance and is currently consolidating within a defined range. + The successful retest of the price reinforces the bullish sentiment, indicating a potential continuation of the upward trend. + With this in mind, I anticipate further price appreciation and am initiating a long trade with a risk allocation of 2% of the capital. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 9.05 Stop Loss: 6.75 ------------------------------ Target 1: 10.5 Target 2: 13.6 Target 3: 16.5 Target 4: 19.6 Target 5: 25.5 Target 6: 31.0 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
INJ - Holding strong in support and expected to bounce backAs you can see in the chart, this is the 4th time INJ is bouncing back from support and showing a bullish sentiment. We can this trend to continue and the next target for INJ is around $70 Entry level: $ 28-32 Stop loss level $ 23 Target 1: $39 Target 2: $45 Target 3: $ 59 Target 4: $ 69 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
2
Perfect Falling Wedge Breakout BINANCE:TLMUSDT (4H CHART) Technical Analysis Update TLM is currently trading at $0.01361 and showing overall bullish sentiment after the falling wedge breakout We are seeing a clean falling wedge pattern with a perfect breakout signalling a bullish momentum. Entry level: $ 0.01309 - 0.01360 Stop loss level $ 0.01193 Target 1: $ 0.01429 Target 2: $ 0.01616 Target 3: $ 0.01733 Target 4: $ 0.01976 Target 5: $ 0.02173 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
4
DOGEUSDT - Confirmed Breakout - Enter on RetraceBINANCE:DOGEUSDT (4H CHART) Technical Analysis Update DOGE is currently trading at $0.08319 and showing overall bullish sentiment after the breakout from the descending triangle pattern. We are expecting the price to retrace back to the support line and once it hits the support we can enter the long position. Entry level: $ 0.08091 - 0.08316 Stop loss level: $ 0.07473 Target 1: $ 0.08599 Target 2: $ 0.08958 Target 3: $ 0.9814 Target 4: $ 0.10733 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
SKL - Saucer Pattern - Aliens are HereBINANCE:SKLUSDT (1D CHART) Technical Analysis Update SKL is currently trading at $0.08978 and showing overall bullish sentiment after forming saucer pattern As you can see in the chart, SKL formed saucer pattern previously and had a nice long trend after the pattern, Currently it formed the exact same pattern. We are expecting the price to move in the same way. We can enter a position at current price while keeping stop loss around the next weak support zone. Entry level: $ 0.08985 Stop loss level: $ 0.06945 Target 1: $ 0.09977 Target 2: $ 0.11238 Target 3: $ 0.13936 Target 4: $ 0.16924 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1