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Trendshift

Zcash Eyes $80-$100 as Bullish Momentum Builds!Welcome to another analysis where we take a look at Zcash! Zcash is a well-established cryptocurrency with significant potential for future growth! Recent market activity shows increasing volume for Zcash, including a notable volume spike that pushed its price above the previous high, indicating a potential market shift. Additionally, the 20-day moving average (MA) is approaching a bullish crossover with the 50-day MA, further suggesting a positive trend. In my assessment, the Zcash chart is currently very promising. For those considering an entry, a strategic buying range would be between $28 and $31, aligning with the 50/20 MA levels. Historically, Zcash reached a peak of $700 in January 2018. While that level might be ambitious in the short term, a more attainable target for intraday trades would be the $50 range, with a potential upside to $80-$100 where we see a decending trendline from 2021 and more strong ressistance. The current setup offers a favorable risk/reward profile, with stop-loss levels recommended below the previous low, around $20-$25, depending on your risk tolerance. Zcash's breakout coincides with BTC dominance encountering strong resistance, and the increasing strength of various altcoins. Additionally, the Russell 2000 index is nearing a breakout, showing investor appetite for smaller-cap stocks and riskier assets. Thanks for reading and good luck with your trading! Make sure to follow me on X for more weekly updates: @PuppyNakamoto BINANCE:ZECUSDT COINBASE:ZECUSD KRAKEN:ZECUSD GEMINI:ZECUSD
Long
by WOLFofBlockStreet
1
Altcoin Season on the Horizon? Here's 6 Reasons to Watch CloselyAltcoin season might be around the corner, and here’s why: BTC Dominance Facing Heavy Resistance: The BTC Dominance chart is encountering several significant resistance lines, a signal that often precedes a shift in favor of altcoins. Overbought Stochastic Indicator: The stochastic indicator on BTC.D is extremely overbought, suggesting a potential turning point. Altcoins Leading MA line Retracements: Like my previous analysis suggests, altcoins have recently been leading retracements to key moving averages (20MA, 50MA, and now the 200MA), with BTC following weeks behind. This suggests that altcoins could be leading the rebound rally and bullish continuation aswell since the BTC.D could turn to the downside. Volume Patterns: There’s noticeable accumulation in altcoins, reflected in increased volume, which could indicate upcoming price movements. Bearish Engulfing Candle: A bearish engulfing candle has formed on the BTC chart, which historically has a 79% success rate of indicating a trend reversal to a downward trend. This could mean further downside for BTC.dominance, potentially shifting attention and capital to altcoins. Positive Sentiment and Development: Many altcoins have seen significant positive developments and upgrades in their ecosystems lately, leading to renewed investor confidence and potential inflows as these projects gain traction. Personally I've sold 50% of my BTC. Currently sitting on some cash if we fall towards 44k$ area then I'll relocate my BTC money into altcoins. Thanks for reading, good luck trading and make sure to follow me on X for weekly updates! @PuppyNakamoto CRYPTOCAP:BTC.D CRYPTOCAP:OTHERS
CRYPTOCAP:BTC.DShort
by WOLFofBlockStreet
Bitcoin eyes 44 000 $ - Death cross signals larger correctionBitcoin is currently targeting the $44,000 level, a key area where multiple former support lines converge and where the 1.618 fibonacci retracement target is. This level also aligns with the potential completion of Elliott Wave 4, setting the stage for a possible upward push. The recent Death Cross—where the 50-day moving average crosses below the 200-day moving average—signals a larger correction may be underway. Historically, this pattern has often preceded significant market downturns. However, the $44,000 zone could serve as a critical support level, possibly marking the end of the correction. If BTC holds this level and completes Elliott Wave 4, we could see the beginning of a new bullish wave, potentially pushing the price toward the $100,000 mark. While the current outlook is cautious, the long-term potential for Bitcoin remains strong in my opinion. Here are three reasons why the scenario of Bitcoin reaching $44,000 before a push toward $100,000 might unfold: Macro-Economic Uncertainty: Bitcoin's short-term outlook is influenced by macroeconomic factors like rising interest rates, a stronger U.S. dollar, and global recession fears. These elements could reduce demand for riskier assets, potentially leading to a price decline despite Bitcoin's long-term potential. Strong Support at $44,000: This level is significant due to the convergence of several former support lines, making it a likely area for buyers to step in and stabilize the price, potentially marking the end of Elliott Wave 4. Fundamental Drivers: Despite short-term bearish signals, the long-term fundamentals for Bitcoin—such as increasing institutional adoption, limited supply, and inflation concerns—remain strong. These factors could fuel a rapid recovery and push BTC to new all-time highs after the correction. Thanks for reading and make sure to follow as I post more charts weekly! X:@PuppyNakamoto BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSD KRAKEN:BTCUSD BITFINEX:BTCUSD
COINBASE:BTCUSDShort
by WOLFofBlockStreet
2
Week 50: Short Opportunity on ZSF 2021Weekly analysis for ZSF2021 Week 50: 07 December to 11 December 2020 Following up last week analysis, the Resistant level at $1,200 remained in tact and our key level at $1,161 had been penetrated. Therefore, now we are looking to sell as the direction had changed. Here is my personal trade call for this week : Short now or Sell Stop at $1,154.00 Stop Loss (SL) is at $1,175.00 Take Profit (TP) is at $1,083.00 It gives us 3.47R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
CBOT:ZSF2021Short
by machintose
3
Divergent BarsDivergent bars help a trader identify a potential shift in the current price trend. Divergent bars are an effective technical tool for futures, options, and stock traders using any timeframe. A divergent bar is defined as the following: 1. A potential shift from a bullish trend to a bearish trend is evidenced by the current price bar showing a higher high than the previous bar and the current bar closes in the bottom 50% of the price bar. Also known as a Bearish Divergent Bar . This indicates that bullish movement higher is weakening. 2. A potential shift from a bearish trend to a bullish trend is evidenced by the current price bar showing a lower low than the previous bar and the current bar closes in the upper 50% of the price bar. Also known as a Bullish Divergent Bar . This indicates that bearish movement lower is weakening. To open a position using the divergent bar: 1. When the divergent bar indicates a possible bearish entry , place an order to buy to open a put (for options traders) or sell short (futures traders) at the low of the divergent bar. If the bullish trend is not complete, it is likely this position will not be filled. If, before the order is filled, the price moves above the high of the divergent bar, the bar is no longer valid as an entry signal and open orders should be cancelled. If the order is filled, use your usual profit targets, which will vary by trader. If the position is filled, futures traders should set a stop based on the high of the divergent bar. Options traders should monitor the price action and close the position if price moves above the high of the divergent bar. 2. When the divergent bar indicates a possible bullish entry , place an order to buy to open a call (for options traders) or buy long (futures traders) at the high of the divergent bar. If the bearish trend is not complete, it is likely this position will not be filled. If, before the order is filled, the price moves below the low of the divergent bar, the bar is no longer valid as an entry signal and open orders should be cancelled. If the order is filled, use your usual profit targets, which will vary by trader. If the position is filled, futures traders should set a stop based on the low of the divergent bar. Options traders should monitor the price action and close the position if price moves below the low of the divergent bar. The most effective way to use the divergent bar signal is to view it as one signal aligned with another reliable signal, such as the Bollinger Bands, Awesome Oscillator, or other momentum/trend shift indicator. The signal is so specific that it adds exceptional strength to the likely reversal. For example, on the chart of TVC:SPX , two divergent bars are highlighted, each one anticipating a strong and clear reversal in the swing trend. In the first example, a Bullish Divergent Bar appears at the beginning of October. The low is lower than the previous bar’s low and the current bar closes in the upper half of the price bar. This indicates a potential long entry. It is also paired with a Bollinger Band Snap. The next day stochastic crosses up and the high of the divergent bar is broken, signaling a long entry. The second example occurs in late January with a Bearish Divergent Bar . The high of that bar is higher than the previous bar’s high and it also closes in the lower half of the price bar, signaling a bearish divergent bar. The next market day the low of the divergent bar is broken, the Awesome Oscillator (AO) is red, and stochastics is crossed down. This alignment between divergent bar, AO, and stochastics signals a short entry. In both of these examples there is strong follow through from the divergent bar entry. Moving 35 points immediately to the upside on the bullish divergent bar entry and trending about 100 points lower the days following the bearish divergent bar entry. Divergent bars, when paired with other indicators, can be a reliable indication of a potential shift in the trend.
SP:SPXEducation
by NewCycleTrading
3
Great week, alt-coin rally, 46% profits, get ready for more!What a great week. Hard to walk away a loser after softballs like that (but it happens). Exited with 42% profits after entering on the 6th of January (see pasts post). ETC was the clear winner for me. I entered and exited multiple times and had great gains. Played BTC, DASH, AUGER, XRP, XLM. Missed the DASH pump from $88 to $140 by 1H (sold right before), and entered a sweet scalp-trade with Auger (but wrecked myself later hoping to do the same on the backside spike (broke a cardinal rule, I entered behind a parabolic surge, and I paid for it)). Jumped in on XLM and XRP today hoping they were going to pump them last but they both had weak performances. Still walked away up regardless. I do believe this rally is finished, as we've been unable to break above $9,000 on multiple occasions. That, and alt-coins have turned mostly south and the market will be quite reserved now. The 1D RSI is sitting at 70 looking flat and maybe ready to turn. I imagine the last of the profit takers start doing so now and the in the next few weeks if we don't get a surge we will see bitcoin use what used to be the 7-month resistance line/channel as support now as we correct and move back to the 5-year log support line. It's possible we break $9,000 and test $10,000, maybe even $11,000, in that case I will probably jump in, but I'm not betting on it. At all. This rally started at $7,227, which is EXACTLY 61.8% fib retracement, which to me suggests that that may have been the first wave of a big 1,2,3,4,5 impulse. So this upcoming rally will be wave "3" essentially. What we saw now was kinda of like a reversal surge, now we'll find a higher low on the 5 year support line. I imagine $7,500-$8,000 will hold as support as we transition back up. The 1W MACD looks like we're about to have a bullish cross-over, which is usually a very strong indicator of another surge, and the 1M RSI shows us having the higher lows which suggests bullish behavior as well (they are correlated to some extent). This year I'm starting off great. My calls are on point and my charts seem to be working for me quite well. I envision this year being huge for crypto. Everything is in place for another 2017 (but bigger). As long as they keep pumping tether into the market......
BITFINEX:BTCUSDLong
by GunMoney
Lead time test: Trend Shift Indicator v2.0This is a simple , single , test of the Trend Shift Indicator's lead time. 5 day chart. Lead time = signal time - directional shift time Warning sign: upper line on TSI trending down while price trending up End of warning: price shift in accordance with TSI direction. Results : Optimal Lead time = 1.25 days (of 5D) Practical lead time= 1 day (of 5D) Notes: * This is simply one of many tests and is not indicative of constant performance -- as always use other confirmation indicators * This is using version 2.0 of TSI, however the exact parameters and outcomes apply. It simply looks a bit different.
A
by BradfordFournier
1