🔥 Bitcoin In Area Of DANGER: Macro Signal! 🚨In this analysis I want to take a look at one of my favorite personal indicators: Bitcoin Logarithmic Price Bands. You can find a detailed explanation of the indicator below.
In short, this indicator tries to predict future areas of extreme opportunity. Buy in the green and sell in the red. However, I also added a yellow band in the middle which surprisingly lined up very well with areas of historical resistance (purple circles) and support.
As of this week, Bitcoin has reached the yellow band for the first time within ~2 years. During two previous bull-cycles this area marked a mid-cycle top and caused a major reversal.
My view is still that we will make a new ATH in before the halving. However, that would mean that the price would still be within the yellow band. The top of the yellow band is currently placed at 77.000, so we still have a lot of room theoretically.
Now that the ETF is here it remains to be seen whether BTC will respect historical price bands. Nevertheless, it's without a question that BTC is entering a major area of resistance around the current all-time high of 69k.
Do you think we're going to see a new all-time high soon? Time for reversal? Share your thoughts 🙏
USDT-M
When will bitcoin correction start?( I mentioned the time analysis in the last paragraph ) very important
In the previous time analysis, one day correction was correctly recognized and most of the altcoins had a sharp drop of 20-30%, but the support was well done and the entire drop turned into a shadow to prevent the market from bleeding.
Due to the extreme greed in the market, the analysis of Dominance Tether and Dominance Bitcoin, we reached the most sensitive days of the last year of the bull market.
Currently, Bitcoin is in a triangle pattern in the one-hour time frame, which occurs in case of a break from the ceiling, a purple movement type, otherwise, a blue or green roadmap.
Regarding time analysis, I think that tuesday march 12th (bold dashed white line)) is the most important day for some time when we have the possibility of the end of the bull run market cycle and going into a period of very strong bearish before the halving.
It was like a weather forecast 😂
I will be happy to write your opinion in the comments.
be careful
IOTA prediction, Price target ---> 0.57$?BINANCE:IOTAUSDT
Hello dear traders.
As you can see, the price has jumped higher after attracting support in the indicated area, contrary to the bearish scenario predicted by some traders.
The price is now in an upward rally and there is no specific price resistance up to the $0.57 level.
If USDT.D continues its neutral or bearish trend, Bitcoin and other altcoins can rise further.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
SOLUSDT.1DBased on the provided market data, it appears that the SOL/USDT pair is currently in a bullish market. This is indicated by the Relative Strength Index (RSI) values which are above 70 for the 4 hours, 1 day, and 7 days frames, indicating that the currency is currently being overbought.
The Moving Average Convergence Divergence (MACD) values are also positive in these timeframes, suggesting that the bullish momentum is strong. However, the MACD values are higher for the 7-day timeframe than for the 4-hour and 1-day timeframes, suggesting that the bullish momentum may be stronger in the longer term.
The current price of SOL is 131.48 USDT, which is below the Bollinger Band (BB) values for all timeframes. This suggests that the price is not overextended and there may be room for further growth.
The support levels are lower than the current price, with the closest support level at 118.24 USDT for the 4-hour timeframe, 11.11 USDT for the 1-day timeframe, and 80.20 USDT for the 7-day timeframe. This indicates that there is a strong level of buying interest below the current price, which could provide a safety net if the price were to fall.
The resistance levels are higher than the current price, with the closest resistance level at 141.53 USDT for the 4-hour timeframe, 154.0 USDT for the 1-day timeframe, and 160.0 USDT for the 7-day timeframe. These could be potential targets for the price in the near future.
In conclusion, the technical analysis suggests that SOL is currently in a strong bullish trend with potential for further growth. However, as always with trading, there are risks involved and it is important to consider other factors such as market news and sentiment. Please use this analysis as part of your broader research before making any trading decisions.
RAYUSDT.1DBased on the provided market data, the RAY/USDT pair is currently trading at 1.229 USDT. The RSI for 4 hours, 1 day, and 7 days are 61.23, 66.15, and 64.60 respectively, indicating a somewhat overbought condition which could suggest a potential price correction.
The MACD for 4 hours, 1 day, and 7 days are 0.076, 0.0040, and 0.22 respectively, indicating bullish momentum in the short term. The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are at 1.40, 1.40, and 1.70 respectively, which shows that the price is not currently volatile.
In terms of support and resistance levels, on the 4-hour chart, the support levels are at 1.13, 0.97, and 0.85, while the resistance levels are at 1.45, 1.50, and 1.60. On the daily chart, the support levels are at 1.041, 0.88, and 0.76, and the resistance levels are at 1.42, 1.53, and 1.65. Lastly, on the 7-day chart, the support levels are at 0.85, 0.41, and 0.14, while the resistance levels are at 1.42, 2.031, and 2.27.
In conclusion, the pair is currently in a bullish momentum but is also somewhat overbought. There could be a potential price correction in the short term. However, if the price manages to break the resistance level at 1.45 on the 4-hour chart, we could see further upward movement. As always, it's important to combine this technical analysis with other market indicators and news before making any trading decisions.
Up or Down !?There is an effective trend line that the reaction to this trend line can show the future of Bitcoin and other cryptocurrencies. Currently, the moving has broken 200, if it can stabilize below it, it can break the trend line and reach the specified targets, which will cause Bitcoin to rise. And if it reacts back to the trend line, it will cause the price of Bitcoin to fall. So the future of Bitcoin depends on this trend line. Be patient and don't get excited
🔥 ALTSEASON Nearly Here! Watch This Chart 🚨In this analysis I want to make an educated guess on when the next bull-market (read: altseason) will start using the Bitcoin Dominance (BTC.D) chart.
An uptrend in Bitcoin with a falling dominance would be the ideal case for alts.
As seen on the chart, the altseason previously started by a top in the BTC.D and a consecutive fall afterwards. My best guess would be that BTC.D will continue to rise until it hits the top diagonal resistance.
In other words, Bitcoin will likely outperform alts for the time being. Later, likely after the halving, alts will start outperforming Bitcoin for 6-12 months and lead to huge returns.
Share your thoughts 🙏
🔥 ARBITRUM Massive Bull-Flag Breaking Out!ARB has been consolidating inside a bull-flag since the start of 2024. With the altcoin market on fire at the moment, I expect ARB to continue the uptrend and break out in the near future.
Targets placed at the current ATH and 3$. This token could see very decent returns in the near future.
shping scalpsStraight up scalps on this trade, entry on point with the nice U support
we could see this push all the way up to $0.015--$0.017
some resistance around $0.008--$0.0092
Zoom in for scalps and out for swing to see what I see on this trade
currently watching this on a 15 minute chart even though its posted as a 4hr chart for visual
just a prime push for this coin don't lose your bags trying to hold onto this but we will see a push just like we saw SPELL and DNT push up over 50% gains in the day.
good luck and have fun with it