Nice Bull Trend Rally GAMB GMB BTC/ETHWhat are your guys thoughts? We'll see if it will break to the upside and continue its rally into the next fib level. I'm still new to fib retracement, so I might be using it upside down? Anyway, i like the chart. GMB-BTC has the same trends.
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Rally
XLM CorrectionBTC seems to be taking its time in correction or retracing before making up its mind about what it wants to do. Coupled with the fact that institutional investment hasn't slowed it seems that our Bull Run has in fact been the result of institutional investing more than anything else. This means the long awaited Alt Coin Rally is still a ways off but that when it does hit, it will be driven to astronomical heights thanks to the institutional investments that began around August of last year, or perhaps earlier.
What does that mean for XLM?
In the short term the most reasonable price point is the previous low of .314 to have a 47% retracement to continue on the parabolic trend like it has for the previous two legs. Otherwise the next options are the Major supports at .27 and .182 respectively. Those values being 44.5% and 70% retracements respectively. These values would coincide with breakdowns with BTC movements, and previous behaviors from ATH levels of which are quite reminiscent of the 2017 rally. If that is the case then the most logical bottom for XLM is actually just over 18 cents. This could happen in a very short amount of time such as a couple weeks or about 4 months. Once that level is reached, depending of course which level, it will either go back to previous ATH at around .608 or skyrocket by a factor of 50 to $7.40.
All that to say this, I am setting buy points at .32, .27 and .182 and will be adjusting them if I am awake to do so based on whatever BTC chooses to do. BTC may very well break down to the 40k range or even 20k ranges in short order, which would push XLM to the .20's and teens. Unfortunately, every ounce of price action that we can predict from XLM is 100% reliant upon the actions of BTC. So if BTC retraces and bounces back early then so will the retracement of XLM take longer. XLM must meet the .32 - .314 threshold first in order to continue its parabolic pattern, otherwise it would have done so already... beyond that is anyone's guess, and up to the BTC community to decide...
What do you guys think
*Not financial advice*
BItcoin to 72k by the end of the month?!?Goooood evening traders!
I dont know about you, but bitcoin is pushing up very nicely to hit the third drive up to the 70-72k area!
These typical pattern workout or more often than not! In my book, i find them very rileable which has led me to think we could see bitcoin move to that area by the end of the month a little after!
What do you think?
Have you say below!!
As always, keep the risk managed! :D
ZEN/USDT Found supportZEN had an amazing rally this year followed by a big pullback.
Finally ZEN found support and is setting up for another rally.
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Is Binance Coin Ready for See 300 $ again ?Fundamental Vision ;
If you have taken a look at the daily chart of Binance Coin , you have wondered how long this sharp Rally will continue at this vertical angle!!!
- According to Gan and Trendline rules, the faster the price chart grows, the more unstable the price becomes because the price growth rate and market volume have grown in a short time and the market is not accustomed to new prices. On the other hand, such growth is due to important fundamental news that revolves around its consumers.
This news sometimes has very important content, but most consumers or owners of these digital currencies do not know the true nature of this news and only proceed with the wave of news reflection.
- You can easily see it in the BNB/USDT chart.We may see the coin back in the $ 300 range in the not-too-distant future, if positive news about this coin feeds it.
Technical Vision ;
BNB has Created a Beautiful Triangle at the last wave as you can see .
Given the recent rise in prices, we expect the price to fluctuate in the range of $ 230 to $ 260 in the next few days and after that we will raise to 300 $ .
Leave me Your Comments and idea about it .
TNX
Bitcoin: This could be over sooner than we expect.Well bitcoin just won't correct.
No large correction whatsoever. I would have liked for an ABC type correction to occur, but no, it just continues pumping.
So what does this mean?
Well, Stoch RSI is healthy due to the last correction, it was enough to let StochRSI fall down from overbought.
An overlay with the 2017 rally shows, that we could already be very near the end.
If true, I expect mediocre dumps at the end of February, maybe down to 38k the lowest, and then one gigantic insane run the whole
of March, up to the peak of about 200k in late March or early April.
Yes, this sounds insane now, but look at the past rallies. In the last weeks, it grew more then in the months before that. This is where the
most action happens, so a x4 until early April is possible.
The altcoins will go berserk at, or shortly after the bitcoin top. Normally they peak 1-2 weeks later, some even 3-4 weeks later.
But not more. This could really end like this, I find it bizarre, I don't really like it, but hey, what can we do. Bitcoin does what
it likes. And we have to adapt.
BSV/USD is approaching 325$ again. Since this is a bull run in the whole market. It seems they a test and break past 325$ is probable. Last time bsv/usd went past 325$ to 325.200$. So it might go over it. Or it might drop and ruin all our coming weeks lol. I don’t suggest buying right now. It’s too risky anytime news can come out and turn it around. Too many court cases out there.
Can the previous resistance become the new support?Resistance has clearly been broken. After the weekly rally a pullback is normal, so the real question is whether this resistance can become support and if we can accumulate enough power to continue reaching towards the new all time highs. In my opinion, yes - people that got burned in the previous rally towards 42k and entered too late will have their chance at breaking it again and people that cashed out and re-entered after the pullback will do the same while the rest who held will keep on holding. Everyone; let's continue towards the 100k!
Byte Coin Spike / Fork - Road to 0.04 +This can be a 100+x coin, ATH 0.04 cent. This can be a good opportunity!
Psychedelics rally coming upBuy Case :
Increase demand for mental health services COVID indirect impact.
New and Innovative way of tackling depression and other mental health disorders and mental issues.
Correction from the high and expecting little consolidation around the price points mentioned in the chart
Any ideas and comments are welcomed!
Thanks in advance!
Together, we stand strong!
DOGECOIN BIG PUMP INCOMING - FINAL ACCUMULATION STAGEDear Traders,
Everything is on the chart.
Dogecoin is going to have a massive rally like the one it had in 2017 which started 238 days after the bitcoin halving of 2016.
If we analyse price structure it has lately behaved like the 2016-2017 pre-pump.
We've been lately trending down (-30º) to the historical level of 15-16 satoshis which is a good point for accumulation.
238 days have nearly passed since the last bitcoin halving of 2020.
We are accumulating at this levels like on october-november 2017 (Purple box).
RSI has already given the buy signal.
MACD is about to give the buy signal too.
Targets:
T1: 0.00000060 Satoshis
T2: 0.00000080 Satoshis
T3: 0.00000100 Satoshis
Stop-Loss:
SL: 0.00000015 Satoshis
I wish you a happy new year!
Is Bitcoin going to 50,000?? 🌟If you're following my profile, you use to see my chart as they are so neat and clear.. But this one is so different.. Because I made a complex analysis on BTC, so I'm trying to give all those information to you on the charts and the texts below, so let's focus together and start the analysis..
Before this analysis, As you can see on the chart in the red box area, I was getting ready for a bearish scenario for BTC and the correction to continue it's move to 28,500 - 30,600 or maybe deeper targets around 21,000. But some how I suddenly saw this triangle pattern on 4H chart. And it ruined all my previous analysis..
I believe this is a valid triangle because it has 3 touches on the bottom and 2 touches on the top.. The price has passed 60% of the triangle time-line pattern, so I'm waiting to see a breakout form top or maybe bottom..
Let's check out what is happening inside the triangle.. We have two bullish waves inside and the third one is starting. On the other side we have correction / bearish waves.. If you check the candle stick counts you can easily understand new buyers are coming to the BTC market inside the triangle, that cause the buyers to be more stronger that sellers.. So this emotional thinking can make us come to the conclusion that it is more possible for BTC to break the triangle upwards.. Don't forget this is not a valid signal!!! It's just a sign that buyers are getting stronger in the market..
Let's consider the last bearish wave in the triangle as a descending channel or a flag that it is trying to break the upper side of the flag in the time of writing this idea.. if this flag has a upward breakout, we will see a break out for the triangle on January 18 or 19. I've highlighted this area for you on the chart.. This will be an important moment.. If the breakout happens so strongly with high volume we can expect some retest on the upper side of the triangle as our new support area.. Then our new Bullish movement is begun..
I've drawn all the way the price will go on the chart with a green arrow, as you can see.. After the retest, as we spoke, our next main target will be 1 Fib extension area around 45,000$, Then I expect some corrections around previous ALL TIME HIGH around 41900.. I see this movement as a rally not a normal uptrend because of two reasons. Firstly, the previous bullish trend before the triangle was a rally. Secondly, Joe Biden is going to be the US president on January 20 and he has said that he will sign the aid checks for American people, these points will give me enough reasons to come this conclusion that the USD is going to fall in upcoming days and weeks and BTC is going to have an upward rally..
I have two more Targets for this BTC rally..
Triangle height from the breakout point.. I put the height line on the January 18 for now, That will give a target around 51,500$. But I will update this target when the actual breakout happened so don't worry about it..
My other target will be the 1.618 Fib level around 49,500$.. So I drew a green box are for you on the chart, That is showing this is a possible target for Bitcoin.. As I said, I believe in a rally up a head, The intersection of the green box area and the rally line copied from the previous trend line will be my estimated time for BTC to hit the area, That will be first quarter of February..
I'll update this chart and idea if anything new happens to the market in following days, so make sure you are following my profile, in that case you will not miss the updates..
I tried to explain the chart as simple as possible, But I may have missed some points. So feel free to ask any question if it comes to your mind or add any ideas you have in the comments section. I'll be glad to see new ideas.. This will make all of us more powerful together in TradingView Community..
Will Bitcoin Bullish Rally Continue?Hello, dear subscribers!
Let's take a look at current Bitcoin price action. We can see that the Head and Shoulders bearish scenario was cancelled becauce the neckline area was not broken.
There was also the danger of dead cat bounce scenario that could means the end of bullish rally but the price was able to find support above the 61% Fibonacci level according to swing high and low. This bearish scenario was also cancelled.
Now we can see that the price faced with the rejection exactly at the 78% Fib level but it is normal situation. If the price break through the 78% Fib the next rejection will be at ATH level, but now according to this analysis we can see that there is a high probability of bullish rally continuation and we can see the $44600 (R3 monthly level) during next week.
BTC/USDT - current formation - potential 25% setupHello, Traders!
After an exponential surge and a final rally to $42,000, Bitcoin's price has corrected 27.95% from the high.
The current correction is the strongest of the entire trend from $10500.
So far, the price has tested the uptrend and the buyers have held the trend.
The struggle between sellers and buyers is taking place in the range of $30820-35695.
It makes sense to join the uptrend and search for a buy position after :
1. Re-test the price level of $33,600.
2. Exit of the price from the local downtrend (including the indicator RSI).
If the price reaches the level of 30820 $ closes the purchase by stop-loss.
The objectives for our position will be local levels
$35695
$37650
$39775
$41600
Watch out for the market and good luck!
P.S. This is not a piece of financial advice but only a trade I would be following myself