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📈 Bitcoin Cash: Charting Familiar Patterns ( FRACTALS )🔄 Repetition of Behavioral Patterns: Bitcoin Cash (BCH) has demonstrated a penchant for revisiting and replicating its past behavioral patterns, creating an intriguing narrative for traders and investors. Notably, it has a history of mirroring its own fractals and behaviors, offering insights into potential future movements. 📅 Historical Recap: In a strikingly similar scenario, BCH engaged in a prolonged consolidation within a substantial range from June 2022 to July 2023. Following this period of range-bound trading, BCH experienced an impressive threefold surge. A noteworthy observation is the current market condition, where BCH has been navigating within a range for approximately six months. 📈 Parallel Situations: Drawing parallels between the historical period of consolidation and the current market stance, BCH appears to be setting the stage for another notable move. The extended sideways movement often precedes a significant price action, and the historical precedent suggests the possibility of a substantial pump in the near future. 📉 Shakeout or Straight Pump: While predicting market movements with absolute certainty is challenging, the upcoming developments for BCH could unfold in multiple ways. The potential scenarios include a shakeout, introducing volatility before a rally, or a straightforward pump as observed in previous cycles. 📊 Strategic Considerations: For traders and investors, attentiveness to historical patterns and fractals can offer valuable insights into potential future movements. Strategically positioning oneself to capitalize on potential breakouts or shakeouts can be part of an informed trading strategy. 🔮 Unlock Exclusive Insights: Unlock my 3 crypto trading indicators for FREE! Link to Unlock below !!!
by AlexWhale
British Pound, after rise movement, can start decline to 1.2610Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago declined to the support line and at once rebounded up to the support level, which coincided with the buyer zone. In a short time, GBP broke this level and tried to rise higher, but failed and started to decline in a downward channel, where it declined to the support line, thereby breaking the 1.2610 support level. After this, the price rebounded from the support line of the channel and made a strong upward impulse to the resistance level, which coincided with the seller zone, breaking the 1.2610 level again and exiting from the downward channel. Also, GBP started to trades in the range, where it, after an upward impulse made a correction to the support level and then rose to the seller zone. But a not long time ago it declined back, making a fake breakout of 1.2790 and then rolled up. Now, the price continues to rise in range, and in my mind, the British Pound can one more little grow and then start to decline to a support level, which coincides with the bottom part of the range. For this case, I set my target at the 1.2610 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Ethereum can reach top part of range and then start to fallHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price some days ago declined to the support level, which coincided with the buyer zone and mirror line, after which ETH at once rebounded and started to rise. In a short time price rose to 2445 points, thereby breaking the resistance level, but soon it around down and fell to the mirror line. Soon, ETH broke the mirror line and some time traded below this line. After this, Ethereum rose to this line, breaking the 2360 level again, and even later ETH made a fake breakout of the mirror line, after which the price made a downward impulse to the buyer zone, breaking the resistance level one more time. Next, the price entered to range, where it quickly rose to the top part, after which the price rebounded and declined to the 2200 support level. Also, ETH made a fake breakout of this level, after which it in a short time back up, and now Ethereum continues to trades in range. So, possibly price can reach the top part of the range and then start to decline to the support level. For this case, I set my target at 2200 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Symmetrical Triangle Formation Ahead of ETF News 📈Bitcoin (BTC) is currently charting a distinctive path within a substantial ascending channel on the 4-hour timeframe. The market has recently witnessed its third notable reaction near the upper boundary of this channel. Amidst this, a symmetrical triangle pattern is emerging, setting the stage for a potential breakout. The significance of this pattern intensifies as it unfolds just ahead of eagerly anticipated news regarding the approval of a BTC ETF. 📈 Technical Dynamics: 📉 Ascending Channel Structure: Bitcoin's price action has been consistently respecting the confines of a well-defined ascending channel. This technical structure suggests a prevailing bullish sentiment in the market. 🔼 Symmetrical Triangle Formation: The recent interactions with the upper channel boundary have led to the formation of a symmetrical triangle. This pattern is characterized by converging trendlines, indicating a phase of indecision and potential price volatility. 🌐 Market Sentiment and ETF Catalyst: 🚀 Anticipation of ETF Approval: Bitcoin's current consolidation and the formation of the symmetrical triangle coincide with the imminent decision on the approval of a BTC Exchange Traded Fund (ETF). Positive news on this front could trigger a significant market reaction. 📉 Breakout Scenarios: 🔼 Bullish Breakout: If the BTC ETF is approved, and market sentiment remains positive, a bullish breakout from the symmetrical triangle is plausible. This could propel Bitcoin to new heights, capitalizing on the increased institutional interest. 🔽 Bearish Reversal: Conversely, a negative outcome or unexpected market reaction to the ETF news may result in a bearish reversal. Traders should be prepared for both scenarios and monitor critical support and resistance levels. 📝 Trading Strategy: 🧐 Monitor Triangle Breakout: Traders are advised to closely monitor the symmetrical triangle pattern and await a decisive breakout. Confirmation of the breakout direction is crucial for informed trading decisions. 🗞 Stay Informed on ETF News: Given the potential impact of the ETF decision, staying informed about regulatory developments and market sentiment is imperative. 🚀 Unlock my 3 crypto trading indicators for FREE! 🚀
Long
by AlexWhale
BTC Update - 06.01.2024 / 4 setups in one timeI don't see situations in the market at the moment, but the picture on bitcoin is very interesting, I see several situations for entry on it. 1 hour chart: almost filled the 4 hour imbalance and accumulated liquidity on both sides, from which I would watch the reaction. Long POI: - Compression (41920): in the moment would watch the performance of the off on the ltf and decide to enter. - Key low (40333): here I would also wait for the Long order flop on ltf to nucleate and then take a position. Short POI: - Equal highs + FF (44840.8): everything is the same only shorted. - Key High (45950): I would be careful with this zone of interest, I would take a position only if the structure breaks at 30m and above. Not a financial advice, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
by trademansi0n
HelenP. I Ripple will fall little and then rebound up to $0.5930Hi folks today I'm prepared for you Ripple analytics. A not long time ago price started to trades in consolidation, where it firstly tried to rise, but soon declined until to resistance zone, breaking the 0.5930 resistance level. But in a short time, XRP rebounded from this zone and some time traded near the resistance level, after which it finally rose to the top part of the consolidation. Then Ripple made little correction, and in a short time rose back to the top part, but later it rebounded from this part and started to decline to the resistance zone. After the price declined to the resistance zone, it broke the 0.5930 level again, and soon XRP made a strong impulse down to 0.5000 points, thereby exiting from consolidation. After this, the price in a short time rose back to the resistance zone, reached the resistance level and recently it started to decline. At the moment, XRP trades below the resistance zone and I expect that Ripple will make one more movement down and then rebound up to the resistance level. That's why I set my target at this level - 0.5930. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
BTC SHORT/CRAB, LET GO.BTC looks to be in a short term distribution phase, with a likely top already in ~47k on CME. Expect moderate volatility this quarter, where I expect constant violent 10% swings in either direction between 46k and 41k until the ETF approval. Afterward, expect a drop to ~38.5k by the end of January. Note, January EOM has the highest likelihood of dropping the furthest beyond the "Q1 High probability range noted on the chart" towards 34.5k. Breaking out the Q1 Range will likely result in continued momentum to follow until the next line of support/resistance, noted at 50k or 34.5k. The last line of defense will be ~31.6k in the event of a full liquidation cascade as it supports the previous sideways structure we had between 32k and 25k since March last year and acts as the 0.5 fib from the ATH to this cycle low. If we drop further under 30k, than you must accept the increased probability of 46k being a bull trap and being the largest rug pull to occur and we head toward revisiting 20k, 15, and even 10k. RWI (Random Walk Index) and LS (Liquidation Screener) are the indicators used. RWI is printing bearish divergences along with starting to crossover toward bearish trend. LS probably has shown the top as it has hit the red bearish territory and recently dropped out of it and heading over the median line currently at 33.7k (but is rising and i could see it bottom out toward the lower side of Q1 probability range by EOM JAN or even EOQ) Overall, I believe the ETF may be a sell-the-news event that will in the grand scheme of things crab between 46k and 41k, until the end of Q1, but with a short visit to 38.5k. Breaking out the expected range of 46k-38.5k, begets continued momo in the same direction. Take note this is likely due to lowered overall volatility of BTC maturing as a whole. But alts may push forward after the expected flush. Let go. Relax. Q1 Ranges: High probability 46k-38k Moderate probability 52k-30k Max probability 54k-18k Trades: Short @ 44k TP 41k, 39k, (may carry it down to 30k depending on PA under 39k) SL 47k Short @ 50k ( if expected range breaks out) TP 40k, 35k, 32k SL 54k Long @ 39k TP 44k, 50k SL 37.5k Long @ 35k & 32k TP 40k, 50k SL 29k
CME:BTC1!Short
by linebands
Swiss Franc can break resistance level and then make retestHello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price a few days ago and started to trades in the range, where it first declined to the 0.8910 resistance level, which coincided with the seller zone and the bottom part of the range. After this, CHF rebounded from this level to top part of the range, but when it reached this area, the price rolled down back. Next, the price exited from the range and entered a downward channel, where it broke the 0.8910 level and a short time later declined to support line of the channel. Then Swiss Franc bounced from this line and rose to the resistance line, where it at once rebounded and continued to decline to 0.8500 current resistance level. After the price fell to this level, CHF broke it and declined to 0.8330 points, after which it started to rise to this level. At the moment, the price trades close to the resistance level and I think that the Swiss Franc can break this level, and at once make a retest. After this, CHF will continue to move up, so I set my target at the 0.8700 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Ripple can make one more correction move and then bounce upHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price started to decline a downward channel a few times ago, where it broke the 0.6800 resistance level, which coincided with the seller zone, and then fell to the 0.5900 support level, which coincided with the buyer zone. Also soon, the price broke the 0.5900 level too and declined to support line of the channel, after which it rebounded and made a strong upward impulse to the resistance level, thereby exiting from the channel and starting to trades in the range. After this movement, Ripple rolled down from the seller zone and declined to the support level in the range. But a not long time ago, XRP rebounded from this level and in a short time rose to 0.6580 points. And recently, the price bounced down and now I think that Ripple can one more time a little decline and then continue to move up. So, that's why I set my target at the 0.6600 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
Euro can fall to support line of pennant, and try to exit of itHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago started to trades in a range, where it firstly rebounded from the support level, which coincided with the buyer zone, and in a short time, it reached the top part of the range. After this, EUR made a correction to the 1.0520 support level, exited from the range, and started to rise in an upward channel, where the price soon rose to the resistance line from the support line of the channel. Later Euro rose one more time and reached the current support level, which coincided with the support area, but at once it rebounded and made a downward impulse, thereby exiting from the channel. After this movement, the price started to trades inside a wedge, in which the Euro rebounded from the support line and made a strong impulse up to the resistance line, breaking finally the 1.1000 level. But a not long time ago Euro rolled down from the resistance line and now it trades near the support area. In my mind, the Euro can decline to support line of the wedge, which coincides with the support level, and try to break them. If the price makes this, it will exit from the wedge and then make a retest, after which the EUR will continue to fall. Therefore I set my target at the 1.0880 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
FETCH AI ($FET) - Bullish Scenario to 90 Cents Fetch is currently testing monthly resistance (red) and above a significant macro support level (green) with a lower time frame range that has formed in the current PA. I see additional consolidation before a next leg up to 90 cents. Currently monitoring for a long setup lower down toward the range's lower quarter quadrant, but want to see a low establish and reclaim the eq and continued strength up. Consolidation here is bullish under macro resistance, so long as the market does not get exhausted before this trade can materialize. Invalidated on a break of the range low. **Disclaimer - entry is not from here and should be taken from lower** Cheers, Vatsik
Long
by cryptovatsik
HelenP. I Gold can continue to decline inside consolidationHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the support level, which coincided with the support zone, and then tried to rise, but failed and made a downward impulse below the 1980 level, breaking it. After this, XAU in a short time rose back and even later started to trades in consolidation, where it rose to the resistance level, which coincided with the resistance zone and top part. Then price rebounded from this level and fell to the support level, but at once rebounded and made an impulse up back to the resistance zone. But a not long time ago it declined from this zone and now it continues to trades in range. For my mind, I think that Gold can rise a little more to the resistance level and then it will continue to decline. That's why I set my target at the 2030 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
British Pound can make one more movement down and then bounce upHello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price a few days ago started to trades in the range, where it first declined below the 0.8700 level, which coincided with the seller zone and bottom part of the range, but soon backed up, making a fake breakout. After this, the price rose to the top part of the range, bounced and in a short time EURGBP declined below the 0.8700 level again and even soon exited the range. Then the price fell lower than the support level, which coincided with the buyer zone, and later around up and started to rise inside the upward channel. In the channel, the price rose higher than the 0.8580 level and a few moments later reached the resistance line of the channel, which coincided with the seller zone. But not a long time ago, the British Pound rolled down and now it continues to fall. So, possibly price can decline a little more and then rebound up to the resistance level, which coincides with the resistance line of the channel. For this case, I set my target at this level - 0.8700. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
HelenP. I Possibly Euro can exit of pennant and continue to growHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a few moments ago traded in consolidation, where it first declined to support 2, which coincided with the support zone and then rebounded up to support 1. Then price made a little correction and later made an upward impulse higher than support 1, which coincided with the support zone too. But soon, the Euro around down and made a strong impulse down to the trend line, thereby breaking two levels - 1.0965 and 1.0835. After this, the price started to rise close to the trend line, and in a short time it reached support 2. Next, the Euro entered to the pennant, where it made impulse up to support 1, but then the price corrected to the trend line. But recently, Euro backed up and now it trades near the support area. And I think that price can make a little correction and then rebound up to the 1.1090 level, thereby exiting from the pennant. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
HelenP. I Ethereum can break trend line and fall to $2140 levelHi folks today I'm prepared for you Ethereum analytics. Some days ago, the price declined below a support level, which coincided with the support zone, where later it reached the trend line. After this, ETH rebounded and in a short time rose higher than the 2000 level with zone and soon entered to consolidation, where the price reached the resistance level, which coincided with the resistance zone. Some time ago, Ethereum entered to this zone, but soon it around down and fell to the trend line. After this movement, the price started to rise between this line, and in a short time it rose to the resistance level again. But a not long time ago ETH rebounded down from this level and at the moment price trades near the trend line inside consolidation. For my mind, the price can grow a little more and then bounce down to the bottom part of the consolidation, thereby breaking the trend line. That's why I set up my target at the 2140 level, which coincided with this part. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Bitcoin Distribution I aim to articulate the discernible trends depicted on the chart. Numerous trendlines can be observed in the historical movement of Bitcoin, with a notable convergence anticipated within the green-highlighted zones by 2024. I anticipate the current distribution pattern to undergo a resolution downward, culminating in the formation of a plateau. This plateau may signify a potential period of financial relaxation in the near future. Noteworthy points include the outcomes of yesterday's closed meeting with the leaders of BTC ETFs, which did not yield substantial price movements in an upward direction. Volatility, indicating a more accelerated position, leads me to consider the first two weeks of 2024 as a critical timeframe for resolution.
COINBASE:BTCUSDShort
by dicetrade
Binance Coin can rebound from support line and start to move upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few moments ago declined below the 236 support level to the buyer zone, where it at once rebounded and rose back, making a fake breakout. Next, the price started to range, in which it firstly rose to the top part, which coincided with the current support level, but soon BNB around down and started to decline. Declined to the buyer zone, the price at once rebounded and started to rise in an upward channel, where in a short time BNB rose back to 257 current support level. After this, the price broke this level and reached the resistance line of the channel, but a not long time ago, BNB rolled down and now it trades near the support line of the upward channel. In my mind, Binance Coin can bounce from the support line and start to rise to the resistance line back. For this case, I set my target at the 286 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
BTC Update - 21.12.2023 / Local range with Long OFh1 Chart: Yesterday's targets in the form of liquidity pool behind PDH level were successfully achieved. At the moment we have formed a local range with an upward exit after the POI mitigation in the form of 1h FVG. Now I would like to see a devation from below and the birth of an upward order flow through the break of the structure on the ltf! I am out of positions for now and I advise you to stay out of positions! Not a financial tip, always observe the risks and watch the reaction in the points of interest and only then make your entry into the position!
by trademansi0n
BITCOIN - Price can continue to decline to support area in flatHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price traded near the resistance level, which coincided with the resistance area, but soon it broke this level and entered to wedge. In a wedge, the price rose back and reached the resistance line of the wedge and then bounced and made a strong downward impulse to $40500 level. Also, BTC exited from the wedge and broke the $43500 level, after which the price started to trades inside the flat. Inside flat, Bitcoin two time tried to reach the resistance level, but failed and at the moment it trades near this level. Possibly, Bitcoin can rise a little more and then start to decline to $40900 support area, which coincides with the support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
HelenP. I Bitcoin can rebound up from support zone to $42000Hi folks today I'm prepared for you Gold analytics. Some days ago price traded near the resistance zone, which coincided with the the 42800 resistance level. But after it tried to rise higher, it around down and later made a strong downward impulse to the support zone, thereby breaking the resistance level. Also then, the price rebounded from the support zone, which coincided with the 40800 support level, and started to trades in consolidation. Some time ago price rebounded from the support level and rose to the top part of the range, which coincided with the resistance zone and level. And soon price entered to resistance zone, where it some time traded and later declined back to consolidation, where BTC continues to trades near the support level. I expect that Bitcoin can fall to the support zone, where it around up and starts to rise. For this case, I set up my target at the 42000 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2