BTCUSD → Triangle. Resistance 28650. Ready for...Bitcoin has been in a narrow consolidation for 3 weeks. The upward price channel, numerous retests of resistance and absence of decline determines quite interesting prospects.
The chart clearly shows the formed ascending price channel and prolonged price consolidation in the resistance zone. We do not observe the standard situation - falling after testing. The price forms a prolonged consolidation and retests resistance for a breakout. The asset is gaining liquidity due to narrow pro-trading.
Breakout of this consolidation in one direction or the other can form an active momentum and within a few days the price can reach the specified target.
I expect growth due to such factors as:
no reaction to a false break of resistance
prolonged consolidation next to the resistance
lower volatility and liquidity collection
multiple resistance retests
Strong support levels: 26750 (false-break-down strategy), 24920
Strong resistance levels: 28615 (breakout strategy), 3000 and 35443
I expect that soon after the new retest of 28615 , the price will finally break the resistance and the bulls will start the realization of the accumulated liquidity. The short-term target is 30000-32000, the medium-term target is 35443 (1.618 Fibo level)
Regards to R. Linda!
Tether
📈 Tether Dominance Monthly & The End Of The WorldWe looked at this timeframe once in the past and this is a very important one.
Tether Dominance closed last month on a strongly bearish candle, this month it is moving again below EMA10... USDT.D has been below EMA10 monthly only a few sessions in its entire existence... This is a major development and ultra-bullish for the Cryptocurrency market; Bitcoin & Altcoins growth.
It is really hard to belief because the world is ending for the 1 millionth time and as the world ends it is impossible to imagine anything positive happening but remember, the world has been ending ever since the day it was borne.
Listen, when something, somewhere goes down, something else in some other place goes up.
For example, the end of the world was Covid or the 2008 financial crisis, or 1929, or the revolution, or the World War, etc... It continues, it never really ends...
Back to my point, when Covid was launched, a huge portion of the world was hit very, very baldly but at the same time an entire portion that was suffering for a long time started to thrive.
My point is that energy cannot be created or destroyed it changes from one state to another.
✔️ If one industry goes down, another goes up.
✔️ If one country is going down, another one is rising up.
✔️ If a system is dying, a new one is being born.
Yes, there is negative in this world but look at the positive...
The positive is us, LIFE!
The world is not over... It is never ending, it is ETERNAL!
Get back to work!
Namaste.
NEOUSDT → Another resistance retest. The odds go up NEOUSDT forms a symmetrical triangle on the background of a local uptrend. Price is once again testing resistance and any other attempt could be successful.
The 4-hour moving averages act as support, forcing price to test the triangle resistance line.
The price is consolidating above the liquidity zone, hence there are more signs that the price may rise soon
Strong support: 12.15, 11.65
Strong resistance: 13.86, 15.80
I expect that in the nearest future the price will try to break the resistance, and in this case I will wait for its growth to 13.86 and then to 15.80
Sincerely R. Linda!
📈 Tether Dominance Replete Of Bearish SignalsSince everything I share is bullish, it is good to read the Tether Dominance chart to look at some of the bearish signals, for learning and entertainment.
We have the lower highs mixed with candlestick reading.
1) The inverted hammer as a lower high (double strength).
2) Doji after lower high inverted hammer (triple strength bearish signal).
3) Rejection at EMA10 and EMA21 (additional confirmation more strength to previously noted bearish signals).
4) MACD moves below 0 trading below signal line.
5) RSI trending lower and downtrend since June 2022.
We want to see the action... Let it drop!
Let the entire Cryptocurrency (Bitcoin + Altcoins) market go up.
Namaste.
BTCUSDT → Strong consolidation. What is BTC preparing for?Bitcoin has been in a strong consolidation for two weeks, which is starting to form a pre-breakdown formation. The next retest of the 28650 level will be able to implement the buyers' plan. What is going on and what to expect from the price?
The flagship is in the stage of realization of the fifth wave. It is worth paying attention to the consolidation.
1. strong consolidation near the resistance level
2. no pullback after the false breakdown of the level 28654
3. many repeated tests of the resistance level
4. the local trend is ascending.
Proceeding from these nuances, we can conclude that the price is about to exit the upside range, break through the resistance level 28654 and go up to 30000, and then to the fibo level 1.618 at 31290 (preliminary target for the 5th wave).
There were no strong fundamentals this week, but there are a number of nuances worth paying attention to:
1. Vitalik Buterin: "there will be no more explosive growth of BTC".
2. Santiment: all major bitcoin transactions this year were made in March, and the nature of the transactions indicates "profit taking".
3. Bitcoin miners' earnings rose to a 10-month high
4. WhaleMap expects volatility to rise on the back of $5 billion worth of whale transactions at current levels. (Recall that the price is in consolidation - gaining energy to move further in one direction or the other)
5. Santiment notes bitcoin's strong dominance on social media among the crowd.
Regards, R. Linda!
STORJUSDT → MA200 is support. Price breaks resistance Storj / TetherUS forms a set-up that allows you to open long positions. Price gains support from moving averages and breaks wedge resistance.
Given the increasing potential of the cryptocurrency market, many altcoins show positive dynamics, while bitcoin is in a strong consolidation and also waiting to reach the important mark of 3000.
Storj in a double signal opens a new path for itself. MA-50 and MA-200, after crossing, become a strong support area.
The price comes out of the wedge and prepares for the formation of growth.
I expect that in the medium term, after the price comes out of the wedge, the trend may change. I expect the price growth after the exit from the wedge. The medium-term target is the resistance at 0.5337; long-term target is the fibo level at 1.618 and the liquidity area at 0.6780.
Regards R.Linda!
60k July forecast - and the end of Bitcoin Cycles is coming.The Bitcoin cycles get really repetitive once you layout the movements like I have here we start to see the patterns it creates.
I don't daily trade I don't recommend you to either, open your mind to a further time frame and setup prior to these movements giving you freedom to use lower leverage if you do trade.
I use the L-MACD (Logarithmic Moving Average Convergence/Divergence) with a simple trend line plotted at .20 points, what we can notice here with the momentum oscillator below 0.20 points is where Bitcoin trends for a good amount of months before making a fast rapid return to the average of the 0.20 trend line. A return the trend line repeating historic movements would put Bitcoin at around $60,000 by July-Aug 2023. Note the future bar lines are to be used for total days of movement prior to a bull market not the dollar values.
Where I positioned the red pin is where we should expect a red X to occur with momentum shifting from bearish to neutral, neutral then to bullish.
What people really forget about previous cycles is the 1/2 years prior to the peak of the market a very strong accumulation occurs, its happening right now. Don't be misguided by the second peak in the market it is irrelevant to the overall growth and movement of Bitcoin, every cycle has its theme and painting of a different picture but ultimately resulting in the same movement and growth into the next cycle.
When we return to $60,000 by July-Aug what would the high be in 2025-2026? lets take a look at previous psychology
-----------------------------
2011 $2.17
x570
2013 $1,240
-----------------------------
2015 $164
x120
2017 $19,770
-----------------------------
2020 $3,800
x18
2021 $69,000
-----------------------------
2022 $15,000
x72
2025 ? ($1,080,000)
-----------------------------
Elephant in the room, end of cycles is it coming? sadly yes. I hope we all can see the world past 2040 where "Bitcoin Cycles" will be seen as a period where this all started, kids of the future will wish they was around to see this unfolding in real time, some of course will think they could have made fortunes from it. Although Bitcoin Cycles will end, bull & bear markets will not.
Eventually Bitcoin will be worth $25,000,000 a single coin a lot compared to today's value right? but even a 1x of the future puts $25,000,000 to $50,000,000 that will be the new growth over decades.
The period where large financial institutions and wealthy sovereign states make the leap of allocating and becoming a holder of Bitcoin is where we will likely see a gigantic move unlike any other previously, this allocation once regulation is fully in place will shoot Bitcoins price beyond your imagination, this will sadly mark the end of the Bitcoin Cycles era and begin a new phase where bull markets last 10 years and bear markets 5 for example.
The final point to make here, we all have this information right in front of us, the network works and continues to grow stronger, governments are adopting Bitcoin, Gary Gensler marks it as a commodity, the largest institutions in the world have noted they are going to allocate with their funds and with clients once regulations finish the frame work.
Fidelity 4.5 trillion USD AUM
Blackrock 10 trillion USD AUM
Charles Schwab 7.13 trillion USD AUM to name a few
I see projections for cycles that even out around 2040, but what if this happens in 2030? that would mean a gigantic parabolic move comes before 2030 and Bitcoin could be in a bear market till 2035, 2020-2021 based on history with Bitcoin was the smaller cycle, the next cycle should be bigger and possibly could be the last.
Good luck and HODL.
RLinda ! BTCUSD-> The coin went into consolidation. What's next?Bitcoin tests the high of 28868 and forms a correction, thereby presumably defining local resistance to the uptrend. The coin is in consolidation and let's try to figure out what to expect next
Geopolitical uncertainty and the ongoing banking crisis are factors contributing to Bitcoin's growing appeal as an alternative investment. The flagship cryptocurrency is increasingly separated from traditional financial markets, making it an attractive hedge against potential future crises.
In times of global banking panic and financial turmoil, Bitcoin offers a level of security and control as people can keep the asset in their hardware wallets.
The Fed's rate hike and a number of other economic fundamentals have had a bullish effect on the price, as the potential for global factors in the global economy affect BTC more strongly.
Also what is worth paying attention to:
-Historically, there is a positive correlation between changes in M2 money supply growth in the U.S. and the bitcoin exchange rate (most likely the reason for this is inflows into BTC due to the banking crisis)
-CNBC writes that crypto industry insiders remain bullish on BTC
-A new "supercycle" may be starting in BTC. Cryptocurrency now behaves stronger than many commodities and gold - Bloomberg Intelligence chief strategist
-Tether has printed another 1 billion.
In terms of technical analysis we have the following situation:
Bitcoin is most likely in an upward price channel. The price is testing the resistance of the uptrend range(confirms it)
The tested level of 28654 is currently a strong resistance area, which may stop the price growth for some time.
On the local chart, an upward triangle is forming (horizontal resistance 28390 and an upward support line starting in mid-January). Price is in consolidation within this range. A breakout of the support could drop the price to the liquidity zone of 24800-25000. But a breakout of the triangle resistance would send price to the retest of the 30000 and 31460 (liquidity zone)
Moving averages are acting as support
Currently, bitcoin is approaching the Fibo level of 0.236 (26700) - this level may affect the price (bullish), the next one is 0.382 at 25347, it is not considered at the moment)
Short-term outlook - consolidation, or technical rollback to the middle of the range, but medium and long-term outlook looks bullish: 30000, 31460, 35000, 40000
Regards R. Linda!
RLinda ! BTCUSD-> 27500 already. An impulse into the new range. BTCUSD - After plummeting to $19,700 last week, Flagship found support at its 200-day moving average , in the same area where the support level from 2017 passes . This area helped the flagship recover and overcome the previous resistance level of $25,200.
After a month of fluctuations, bitcoin is now in an uptrend, trading at $ 27,400 . The 200-day moving average provides strong support , suggesting that BTC could reach new yearly highs and approach the $28,800, $30,000, $32,000 and $34,000 levels.
Bitcoin's market capitalization is up $194 billion in 2023. Its 66% year-to-date growth has far outpaced Wall Street's leading bank stocks .
In addition, bitcoin separated from U.S. stocks for the first time in a year , its price up about 65% compared to the S&P 500's 2.5% rise in 2023 .
The banking crisis in the U.S ., which then spread to Europe, had a negative impact on bitcoin price dynamics late last week, when the asset's price fell below $20,000 for the first time in two months. However, as the new week began, the situation began to change . The cryptocurrency asset is breaking through a strong resistance zone, increasing its capitalization and renewing 10-month highs .
From a technical analysis perspective:
Bitcoin is breaking through and entering a new range, so to speak: " kicking a door down ". Strong momentum is forming towards liquidity density and testing the Fibo level of 1.618 at $28793 .
There is a possibility of a small pullback from this area, but in the medium term the upside potential to 30000 and 34000 may persist
Regards, R. Linda!
Tether Dominance - showing signs of pivotal movementUSDT Dominance is currently at a level of strong longer term trend SUPPORT (i.e. market resistance level).
Red circles represent contact with the current trend support which signals the selling of USDT (i.e. buys in the crypto market), with a current double bottom shown.
Green circles represent the current trend resistance hits and USDT sell-offs (crypto market rallies).
With the FOMC meeting starting today and concluding tomorrow, FED announcements will dictate "loss of this support" (market rally) or a "Bounce at support" (market sell-off).
📈 Tether Dominance Monthly, First Time Ever! (4.10% Next)This is the first time ever we look at Tether Dominance on the monthly timeframe.
This is extreme bearishness what I am seeing here.
Let's start at the end, the stage is set for a drop to 4.10% minimum, that's the conclusion.
I mentioned that this would translate to Bitcoin at around ~$40,000.
Notice the "~" symbol, which means more or less as it should range between $38,000 and $42,000 when the time comes, which is soon.
USDT.D already printed an upper wick and trading near the low of the current session/candle.
The current candle trades below EMA10 on a very, very strong bearish bias.
✔️We have a massive rising wedge that already broke bearish.
✔️We have lower highs long-term (more than 6 months).
✔️And volume going lower and lower.
The volume will only increase again when the major drop comes.
As USDT.D goes down, Bitcoin and the Altcoins goes up.
✔️ Please make sure to Boost to help with your support.
Thank you for reading.
Namaste.
📈 Tether Dominance Long-Term Bearish Trend ConfirmedLast week closed as an inverted hammer and this was the "last hooray".
EMA50 still stands as support but we have multiple lower highs since June 2022.
The weekly MACD just entered the bearish zone:
The weekly RSI is also showing a strong bearish bias:
All the USDT (Tether) will be used to buy Bitcoin and Altcoins.
Here we can see clearly on the daily timeframe how MA200 has been lost as support:
Below this level Tether Dominance is always bearish.
Notice bear volume being at its highest since November 2022 when USDT.D started to decline.
The next drop will send USDT.D to around 4.81%, a major drop.
This is the level it traded at around April 2022, this would mean Bitcoin trading at about $40,000.
There is strong support at this level just as Bitcoin will face strong resistance at $40k.
Everything is pointing in the same direction... Bitcoin will grow like the world is ending... But the world isn't ending, it is just the end of an era where a new financial system will emerge.
✔️ Bitcoin is the future of money.
✔️ Cryptocurrency is the future money.
✔️ Bitcoin is the present of money.
✔️ Bitcoin is very likely to save us from another 2008.
Namaste.
RLinda ! IMXUSDT-> The bulls are pulling aheadIMXUSDT is bursting ahead as bitcoin and the entire market strengthens. A false moving average breakout forms a liquidity grab and positive potential formation.
Price breaks through the 1.189 level and the strong downward resistance line. If the price successfully consolidates above the support level, the coin can shoot towards 1.1800 and reach the target fairly quickly. There is a void ahead. The odds are high.
I expect the bulls to be able to hold above the 1.189 level, in which case I will stick to the bullish potential in the medium term. My targets are 1.1800, 2.200
Regards to R. Linda!
RLinda ! ETHUSD-> Rally, resistance breakthrough, consolidationETH began its rise on March 10 (after a false breakdown of the 200-day SMA). Cryptocurrency market rises on collapse of USA banking system - "banks collapse and that's what BTC was invented for" - Cryptocommunity.
Ethereum rose to $1,693 on March 13 after U.S. regulators backed faltering confidence in the banking sector with the closure of $209 billion Silicon Valley Bank (SVB) and $110 billion Signature Bank
On March 12, the U.S. Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation assured SVB and Signature Bank depositors that they would get their money back. The regulators also noted that the U.S. government's bank deposit insurance fund would cover all deposits instead of the standard $250,000.
The intervention stopped depositors' panic and helped markets recover that suffered last week amid fears of a broader banking contagion, including cryptocurrencies. Ether, the second-largest cryptocurrency by market capitalization, also recovered and cut its March losses.
From the technical analysis point of view, we see strong buying after a false breakdown of the 200-day moving average, acting as a strong support. A pin bar which was formed sends the coin up to 1693 and it makes a total gain of almost 23.5%.
On the weekly chart, we see a fairly strong consolidation forming, but if you look closely, there is no decline. The price holds the range area, hence I conclude that the coin is accumulating liquidity to break through the tight resistance area.
At the moment, we see the price exiting the downward channel after another retest of the resistance area. A bullish price retention above the descending line will determine a bullish potential for ETH, and a medium-term veil of 2000.
I expect that in the near or medium term, the bulls will be able to retain the descending line and support area of 1650 to further strengthen the coin. The medium-term and long-term potential is 2020, 2200, 2400, 2600 and 3000.
Regards R. Linda!
Binance Coin Bear RunAll the markets, they all move in cycles.
They move up and down, up and down...
Look at the volume... It goes lower and lower before the final drop.
As the drop is happening bear volume starts to increase and it ends with strong bull volume showing up.
You don't see this type of volume when prices are set to grow.
We are now looking at Binance Coin's (BNBUSDT) bear run.
It will recover of course after the bear run is over, see the green arrow...
Make sure to support me in whatever way you want if you enjoy the content.
I am 100% crypto so my money will evaporate for sure, just like yours, and I never short my crypto-coins.
When the market goes down, your capital goes down.
When the market goes up, your capital goes up.
Be in the market.
Buy when red.
Sell when green.
That's all.
Namaste.
📈 Cryptocurrency Under Attack, More Problems AheadWell my friends, it seems the Cryptocurrency market is under attack from all fronts, and endless battle it seems.
Now the Stablecoins are under attack and it seems they are going to fight Tether (USDT), next.
I just saw this piece of news article, it links Russia to Tether and that's how it all starts: www.tradingview.com
It says the Russian are using USDT, they will surely use this as an excuse to start some sort of banning which will end up affecting everyone... Or maybe not but that's how it always start.
We've been bearish on USDT.D for a long time as the chart shows but that's because people use Tether to buy Altcoins and Bitcoin , not due to this type of situation.
If there is an attack on Tether, another one, let's just hope it is something that doesn't bring down the market as whole.
Cryptocurrency is under attack from all fronts and it is technology that is only helping people, it is a technology for peace, innovation and exchanging value.
A means of payment like cash, gold, credit, wires and so on.
Stay safe.
Trade Bitcoin.
Namaste.
RLinda ! BTCUSD->Crash, Retest 0.5 Fibo and Powell's performanceBitcoin is in a phase of strong decline, the catalyst for which is the fundamental side of the global economy. The price may close the weekly session in a range between -10% and -12%. Let's figure out what's going on and what to expect in the medium term.
The sense of risk was tempered by Federal Reserve Chairman Jerome Powell's testimony , which signaled a potentially longer cycle of tightening.
In his testimony on Capitol Hill, Powell said that "if all the data pointed to the need for faster tightening, we would be willing to increase the pace of rate hikes." He also said that the Fed had not yet decided on the pace of interest rate hikes at its March 21-22 meeting.
Nevertheless, we have a coincidence in the structure of the daily market with the accumulation according to the wyckoff method:
Phase A (Price has passed this phase) : Stopping the previous downward movement (strong move). The approaching supply contraction is evidenced by the culmination of selling ( SC ) - the widening spread and high volume reflect the transition of a huge amount of liquidity from the large mass of players to the large professional investors. Once the pressure of intense selling eases, an automatic rally ( AR ) usually sets in. A successful secondary test ( ST ) in the SC area will show less selling than before, narrowing of the spread and a decrease in volume, usually stopping at or above the same price level as SC .
Phase B (Price at the end of phase two formation) :
At the beginning of phase two, price swings tend to be wide and accompanied by high volume . However, as professionals absorb supply, volume tends to decrease on dips within the range.
Large professional interests accumulate relatively inexpensive inventory in anticipation of the next markup. The institutional accumulation process can take a long time (sometimes a year or more) and involves buying the BTC asset at lower prices and checking for price increases with short sales.
During the second phase, several STs usually occur. In general, large investors are net buyers of the coin as the situation evolves, seeking to purchase as much as possible from the remaining floating supply. Institutional buying and selling creates a characteristic up-and-down price movement in the trading range .
Phase C : It is in Phase C that the stock price passes the decisive test of remaining supply, allowing the market maker and the big players to determine whether the market is ready to go up.
As noted earlier, the spring is a price move below range support that quickly reverses and moves back into the range - an example of a " bear trap " as falling below support would seem to signal the resumption of a downtrend . In reality, however, it marks the beginning of a new uptrend , trapping late sellers (bears) . A low-volume spring (or shakeout) indicates that bitcoin is probably ready to move up , so it is a good time to open at least a partial long position.
The appearance of an SOS shortly after a " spring " or " shakeout " confirms that the analysis is correct. However, supply testing can occur higher without a spring or shakeout.
Phase D : There follows a consistent dominance of demand over supply. During the fourth phase, the price moves to the upper end of the range. LPS in this phase is usually a great place to open or complement profitable long positions .
Phase E : In this phase, price moves out of resistance , demand is in complete control and growth is obvious to all !
From the point of view of technical analysis we have a downward movement which is based more on fundamental leverage:
The price has tested the strong support of 19666 , which was formed back in 2017 ( December )
There is a small price reaction in the form of a 6.5% recovery to 20900
In the medium term, there is a big chance of continuation of the fall if the price bounces down from the 0.5 Fibo level (20374) and returns to retest the strong support, in which case a retest of the 0.618 Fibo area (19219) or the 18500-18600 interest zone is evident.
Right now the price is in a range between 0.5 Fibo and 0.618 Fibo. After a strong drop, the price may form a consolidation in these boundaries.
Regards R. Linda!
USDC SHORTUSDC has just DE pegged, and in my opinion will experience a full on crash this coming week.
📈 Tether Dominance 25-Feb. Update = Bitcoin BullishFor this update, I left the chart from the 25-Feb. trade idea intact where I mention:
"Last time USDT.D found resistance at EMA50.
"Yesterday, the peak was hit at exactly this same level.
"This resistance is there but likely to be taken out."
USDT.D is now facing the next resistance in the form of EMA100, this one is stronger and less likely to be taken out.
In fact, I believe that this one will hold but let's see what the chart has to say as believes don't hold much value in this game.
The trading volume has been low and it is going lower.
The RSI is curving down and showing some bearish divergence.
Technically speaking, solely focusing on the chart, this resistance can also break but the next one at 7.51% is super strong and the last level, MA200.
Conclusion
We are seeing a bounce take place but the bearish bias remains strong.
The initial move is a bearish breakdown that happened in January, after a lower high in December.
This drop continues active below 8.77%.
But we are looking at a drop now and Bitcoin moving ahead.
If it moves to MA200 it should all still happen within a matter of days, say 5-9 days max and that's it for this bounce.
For those not familiar with why I am reading this chart.
Bitcoin (BTCUSD) and Tether Dominance (USDT.D) have an inverse relation.
When USDT.D drops, Bitcoin goes up.
When USDT.D goes up, Bitcoin drops.
USDT.D is now facing resistance as EMA100 and if this resistance holds, we get a continuation of the previous drop... And Bitcoin goes up.
Namaste.