2024 Crypto SUMMER is here! PRICE, TRENDS & FORECASTSIn this video we lay out our short and long-term forecast for the entirety of 2024 Crypto Summer and beyond. Also, we do a little review and take a look at how our forecast stacked up against the eventful 2023 Crypto Spring. As always please feel free to leave your thoughts and ideas in the comments and thanks for watching!
Shortterm
.382 on FetTake a look a bit closer
Looking at the dates in the past and basing this off of patterns we can see that back in the 5the of Sept. 2021 we had a retrace to the .382 on the fib retracment.
Here starting the New Year we see a similar pattern, moving back to the exact .382 mark.
After this pullback we see a sharp spike upwards to $1.20.
Assuming we’re doing the same pattern prepare for the push up before the full restatement before the true take off.
COAL INDIA CUP & HANDLE PATTERN BREAKOUT ON 04/09/2023CUP & HANDLE BREAKOUT - SUGGESTED IN 4TH SEP 2023
Entered at - 290
Targets - 345,445+
Target 1 reached & given 92 points (32%) Given
CMP - 376
Re-entry possible at 345 level.. if again falls than you need to average at 295 level
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Bitcoin Live in a short time❗️✅We can see Bitcoin drop to $40,500 and $39,000 in a short period of time. BEKHZODEMA indicator is showing short trade at 12h time
A total of 9 Bitcoin ETF issuers renewed their filings overnight, which was the SEC's deadline for the first wave of Bitcoin ETF approvals. List:
- BlackRock
- Fidelity
- Franklin Templeton
- WisdomTree
- ARK 21Shares
- Invesco/Galaxy
- Valkyrie
- VanEck
- Bitwise
Oh oh it’s magic, you know… never believe it’s not soSpell is a new one for me but the probability looks decent. We’re seeing a push to the upside with 18% gains in 24hour.
Keeping an eye on the $0.0009 mark next stop $0.001 pretty intense stuff if this moves to 1/10th of a penny, but we will see how the market moves, currently volume is picking up and decreasing volume is still moving upwards so all is looking good, keep in mind it’s good for a few % scalps or heavy pullback can occur.
Good luck and have fun with it
BTC/USDT 1HInterval Short-TermHello everyone, I invite you to review the BTC to USDT chart and here we will check the situation in the one-hour time frame. It is worth starting by identifying the uptrend line from which the price broke out sideways, moving in the local sideways trend channel.
Now let's move on to marking the support places. We will use trend-based Fib extension grids to mark the supports and here we can immediately see that the price remains in the support zone from $43,691 to $43,510, then support appears at $42,961 and then we can see a drop to around $42 083 USD.
Looking the other way, we can similarly mark places where the price should encounter resistance on its way up. As you can see, resistance was formed at the level of USD 43,801, then just at the upper border of the horizontal trend channel there is a resistance zone from USD 44,216 to USD 44,435, and after overcoming it we can observe an increase to approximately USD 45,064.
Turning on EMA Cross 10 and 30 we see that they indicate a return to the local downtrend, it is worth watching the indicator's behavior in the coming hours.
The CHOP index indicates that there is still energy to move, on the RSI we are moving around the middle of the range in a local downward trend, while the STOCH indicator remains at the lower limit, which may result in an attempt to increase the price.
My Bitcoin Prediction After Holding For 8 YearsGood morning everyone!
Highlights of the night:
1. BlackRock held another meeting with the SEC regarding Bitcoin ETFs.
2. Matrixport says that there is a 95% chance that the Spot Bitcoin ETF will be approved in January, and it will set a target price for Bitcoin.
3. Spot Bitcoin ETFs Poised to Enter $30 Trillion Market, Says Greyscale CEO
It would be safe to say that Bitcoin is repeating 2016. First, we will see the price increase to $48,200, and then it will decrease to $38,000 and $35,000. We are the market. In 2024 and 2025, we may see Bitcoin rise to $200,000 and $300,000
Longbow Opportunity AU ShortDrawn from one of my better trading strategies. News, extremes, and broader techniques derived from my Secrets of Forex articles are at play. Sell, and keep selling into red. Close into green. It's made holiday simple.
DSMA and DSR act as better targets.
Always close within 4-6 range (on my chart time) if DSMA or DSR are not hit by EOD.
Merry Christmas you filthy animal.
BTC Short-Term ChartHello everyone, let's take a look at the BTC to USDT chart, on a one-hour time frame. As you can see, the price is moving below the local downtrend line.
When we unfold the Fib Retracement grid, we will see support at the level of $41,471, and then it is worth defining a strong support zone from $40,916 to $40,226.
Looking the other way, there is resistance at $42,991, and then we have a very strong resistance zone from $43,755 to $44,718.
It is worth paying attention to the RSI indicator, which shows a rebound, as well as room for the price to go lower.
Echoes of the Past: BTC Price Action Resembling November 2020Fellow Traders,
In the current climate of extended BTC prices, many are on the lookout for a retrace. This anticipation is rooted in a traditional market rhythm where what goes up must come down, at least for a breather. However, it's crucial to cast our minds back to the 2020 scenario, where similar conditions were at play.
During November 2020, BTC experienced a significant surge, much like our current situation. The price was deemed 'too extended' by many, with calls for a retrace being echoed across the trading community. Yet, the expected pullback remained elusive, and the rally continued much longer than many anticipated.
The charts today are painting a familiar picture. Technical indicators and price action that closely resemble the 2020 playbook suggest we may be in for a repeat performance. If history is to serve as a guide, the retrace that seems so obvious may not materialize in the manner or magnitude expected.
It's a reminder of the market's capacity to defy consensus and continue on its path despite extended conditions. This is not to say a retrace is off the table, but rather that the market may not conform to the same patterns we rely on as signals.
As we move forward, let's keep an open mind to all possibilities. Whether or not BTC decides to take that breath we're all expecting, our strategies must be nimble, our risk management tight, and our perspectives unanchored from past events.
In Bitcoin we trust, but the market, we must adapt.
BTC/USDT Short-Term 1H Hello everyone, let's take a look at the BTC to USDT chart for one hour. As you can see, the price remains on the upward trend line, and locally moves in the downward trend channel.
When we unfold the Trend Based Fib Extension grid, we see that the price remained at support at $37,439, while we still have a strong support zone from $37,148 to $36,781.
Looking the other way, we have visible resistance at $38,125, and then we have a very strong resistance zone from $38,335 to $38,546.
The RSI indicator shows that we are in recovery with room for price declines, while the STOCH indicator shows that the energy for increases is quickly running out, which may drag the price lower.
ETH/USDT 15M Short-TermHello everyone, let's take a look at the ETH to USDT chart on a 15 minute time frame. As you can see, the price broke below the local upward trend line.
After unfolding the Fib Retracement grid, we can see the current support at $2007, and then we have a strong support zone from $1973 to $1930.
Looking the other way, there is resistance at $2,050, then at $2,082, and then a strong resistance zone from $2,105 to $2,134.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, and there is still room for the price to fall a little lower on the RSI.
#BTC: Bearish Ascending Triangle + Bearish Divergence Coming in.After a good and strong upward move Bitcoin seems to be in need of some breathing time which is very healthy btw in order to have a strong continuation. On this post I just wanted to pin point that our Stoch showing an overbought zone in addition to the bearish breakout of an ascending triangle on the 2H chart. The repeated rejection of Bitcoin's trail to break upwards can be taken as a confluence in the scenario too showing that buyers are at least for the very short term are getting out of energy. I am looking forward for Bitcoin to retrace towards the support area of $34,000 - $34,400. Further more on higher time frames we are witnessing a bearish divergence occurring.
ETH 1HInterval Chart Short-TermHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price came out at the top of the indicated triangle.
When we unfold the Trend Based Fib Extension grid, we can determine the support level at $1948, and then we have a support zone from $1928 to $1913.
Looking the other way, we see that the price is approaching the resistance zone from $1984 to $1995, and then must overcome the resistance at $2010 before further increases.
Looking at the CHOP indicator, we see that there is energy to continue the movement, the RSI indicator, despite the increase, has room for the price to go further, while the STOCH indicator has exceeded the upper limit, which may result in a correction in the coming hours.
BTC/USDT Short-Term Chart 1HHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is struggling to stay in the local horizontal trend channel.
After unfolding the trend based fib extension grid, you can see a support zone just below the side trend channel from $26,113 to $35,711, and further decline may stop the support at $25,220.
Looking the other way, a resistance zone has formed from $36,568 to $36,784, followed by a strong zone from $37,324 to $37,725.
Looking at the CHOP indicator, we see that there is still energy for a decline, and the RSI indicator, similarly to the STOCH indicator, also shows room for a deepening downward move.