HelenP. I Ripple can continue to move up to $0.6000 levelHi folks today I'm prepared for you Ripple analytics. A not long time ago price started to trades in the resistance zone, which coincided with the 0.6185 resistance level, after which XRP rebounded from this zone and rose to the trend line. Then price turned around from this line and in a short time declined back to the resistance zone and even lower, breaking the 0.6185 level, but soon rose back. Price some time more traded near the resistance zone and later made impulse down to the support level, which coincided with the support zone, thereby breaking the resistance level with the trend line. Next, Ripple turned around from the 0.5725 level and tried to rise more, but when it reached the trend line, the price declined lower support level to the support zone. After this movement, XRP a not long time ago made impulse up from this area, thereby breaking the support level with the trend line one more time. As well, the price reached a resistance level, but in a short time declined to the support level and now it tried to rise again. For my mind, Ripple will make correction to the support level again and then rebound up. That's why I set my target at the 0.6000 level. If you like my analytics you may support me with your like/comment ❤️
Usdt
Ethereum can make small move down and then rebound upHello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price a not long time ago declined to the current resistance level, which coincided with the support line, and at once turned around and started to move up near this line. In a short time later ETH reached a resistance level, which coincided with the seller zone and broke it, but soon price turned around and declined back to the support line, breaking the 3600 level one more time. Some time ago Ethereum reached this level again, and entered to seller zone, after which rebounded down to the 3250 current resistance level, which coincided with the buyer zone, thereby breaking the support line. After this movement, ETH started to trades in a range, where it rose to the top part, after which Ethereum turned around and in a short time declined to the buyer zone, breaking the 3250 level. But now, I think ETH can little more decline in this zone, after which it turn around and rise back to the range, where later Ethereum will grow more. For this case, I set my target at the 3360 level. Please share this idea with your friends and click Boost 🚀
#USDT Dominance: When AltSeason?My previous chart was hidden by tradingview because of some mistakes. So posting this again with a little change!
Tether broke the long-term support of almost 2184 days. This is an amazing development in the price action. The current level is the point for reversal. If there's any big correction happening, it should be around the halving.
TBH, this chart gives me chills. Imagine if this keeps dumping, you'll see $100k in the EOY! Of course, the road will be bumpy, but sooner or later, it's coming.
Alts will have their time after the halving, Possibly June -July to September 2024!
We could see some massive Alt Rallies!
Invalidation: This chart will be invalidated if we break and close above 4.81% in a weekly candle.
Do your own research, no financial advice.
I hope this chart gives you some clarity over your trade decisions.
Please hit the like button if you found it helpful and share your views in the comment section.
Thank you
#PEACE
btcusd started bull run soonThe upcoming Bull Run for Bitcoin is expected to reach significant levels of capacity, with updates on prices coming as signals are received. The Bull Run is anticipated to occur by today at 8 pm or possibly sooner. In the worst-case scenario, it might happen overnight while we're asleep, based on Pacific Time, but indicators suggest a high likelihood of it happening soon.
The surge in activity is attributed to the low volume of whales, indicating a mega Bull Run. This signal emerged on march 30th and is closely tied to volume, particularly reflecting retail traders selling at losses. The whales, large investors in the cryptocurrency market, have evidently decided that it's time to accumulate again.
While there's a possibility of delay, it's also conceivable that the Bull Run could happen even quicker than anticipated. This information is shared based on observations and analysis of whale activities.
@houseofcryptotrader
GRT a simple fact. It's bound to succeed Hello again,
This is a setup that I was able to join later in the game with a position around the $0.25 cents but I do consider that a price of accumulation anyway.
It's a little bit higher now but I see it's got the potential to reach $1 dollar easy. So it's a long for me and I'll see you there at the $1 mark.
Trade thirsty, my friends!
Holding ATH backed up by an inverted adamn & eve patternMorning friends,
There was a post last night with the first bullish setup idea, and now I'll follow up with BTC printing ATH backed by an inverted adamn & even pattern.
Maybe it holds the retest of the breakout, maybe we stay within the $50k to $60k range for a while until around after halving, then printing a new ATH once again and reaching levels between $95k and $105k.
Even though if it breaks the $100k it ain't gonna stop there. Just like when it broke $10k for the first time.
Lets find out.
Trade thirsty!
BTC TRYING TO FILL CME GAP IN UPWARD DIRECTIONBTC, currently trading above 66000, is aiming towards 69000 again to fill CME gap, in case of successful breakout at hourly timeframe, we might be seeing bullish sentiments for few days.
However, if hourly candle closes below 65700, analysis becomes invalid.
Binance Coin can reach resistance level and then start to fallHello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price some time ago started to trades in a range, where it first made a fake breakout of the 548 support level, which coincided with the buyer zone and then in a short time backed up. After this, BNB continued to move up and reached the 598 resistance level, which coincided with the top part of the range and seller zone, after which it rebounded and fell below. Then price made a strong impulse up, thereby exiting from the range and breaking the 598 resistance level. After this movement, BNB even rose higher than the seller zone, but when it reached the resistance line, the price at once turned around and started to fall. In a short time, BNB declined lower 598 level, breaking it one more time, and later fell to the support level. AS well then, the price rebounded from this level and started to move up to the resistance line. At the moment, BNB trades very close to this line and in my opinion, Binance Coin can break this line and reach the resistance level, after which BNB will turn around and fall below the resistance line. So, for this reason, I set my target at the 565 level. Please share this idea with your friends and click Boost 🚀
ETHEREUM - Price can make retest, after exiting and bounce upHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to triangle, where it made upward impulse from support line to resistance line.
Also, ETH broke $3200 level, and later turned around and fell to support line of triangle and then bounced up.
Ethereum exited from triangle pattern and entered to resistance area, breaking resistance level, but soon fell below.
Next, ETH continued to decline in wedge, where price even made fake breakout of $3585 level and then continued to fall.
Recently, when price fell to support line of wedge, it turned around and in a short time exited from wedge.
Now, I think Ethereum can make retest, after exiting and then continue to rise to $3450
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Bitcoin can make little move up and then rebound downHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago in a short time rose to the 61600 level, which coincided with the support zone and soon broke this level. After this, the price some time traded near this level and then rebounded up to the resistance level and even entered to resistance zone, after which BTC reached the trend line and turned around. Then, the price declined below the resistance level and started to trades in consolidation, where BTC first fell to the support level. After this movement, the price turned around again and made an impulse up back to the resistance level, breaking the trend line and trying to break the 71400 level, but failed. Price some time traded near the resistance level and later rebounded down to the trend line, after which a not long time ago BTC bounced from this line and started to rise. Just now, I think Bitcoin will rise a little more and then rebound down to the trend line. For this case, I set my target at 62800 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
DOGEUSDT.1DAlright, let's dissect this Dogecoin (DOGE) to Tether (USDT) daily chart on the Binance exchange from my perspective as a technical analyst.
The chart is striking, showcasing Dogecoin's price volatility. Initially, I notice a significant spike in price, followed by what appears to be a consolidation pattern. The price is well below the Ichimoku Cloud, which traditionally suggests that we are in a bearish trend. The Cloud's future projection also appears to be widening downwards, potentially signaling a continuation of the bearish trend.
The Ichimoku Cloud components are also indicative of this sentiment. The Conversion Line (blue) below the Base Line (red) generally implies bearish momentum. Moreover, the price is under the Base Line, further solidifying the bearish bias.
We can see the marked pivot point levels, with R1 and S2 illustrated. The price is currently hovering above the S2 support level. If this level fails to hold, we may see a further decline towards lower historical support zones. If a reversal were to occur and the price moves upwards, the R1 level will act as resistance.
The Relative Strength Index (RSI) is showing an overbought condition with a reading above 60, which is intriguing given the price is not showing bullish momentum. This could imply that a corrective move or consolidation may follow as traders potentially take profits from the recent spike.
The Moving Average Convergence Divergence (MACD) is almost negligible in movement, with the MACD line just above the signal line but both hovering around zero. This suggests a lack of strong momentum in either direction currently, which can often be the case after a large price movement as the market digests the change.
In summary, while Dogecoin has experienced a significant price increase, the current setup on the daily chart suggests bearish momentum as indicated by the Ichimoku Cloud and the consolidation pattern following the spike. The RSI's overbought signal does not match the price action, indicating that traders should proceed with caution. Any trading decisions should be approached with a clear risk management strategy, considering the possibility of a false signal given the mixed messages from the RSI and MACD indicators. A break above the Base Line of the Ichimoku Cloud could be used as an early indication of changing sentiment, while a fall below the S2 level could signal further declines. As always, patience and confirmation are key.
FTMUSDT.4HAlright, let's get into the technical analysis of this Fantom (FTM) chart against Tether (USDT) on the Binance exchange from a first-person perspective as a trader.
Upon inspecting the chart, the first thing that stands out is that Fantom's price has been trending downwards recently as it's trading below the Ichimoku Cloud. This suggests a bearish market sentiment in the short to medium term for FTM. The price below the cloud often signifies that the asset is in a downtrend and that the cloud is likely to act as resistance on attempts to move higher.
The Conversion Line (blue) is below the Base Line (red), which traditionally means the bearish momentum is currently stronger. The Lagging Span is also below the price line and within the cloud, which reinforces the bearish outlook.
The pivot points on the chart show resistance at R1 and R2, with support levels at S1 and S2. Given the price is below R1, it is currently acting as a resistance level. If the price begins to rise, R1 is the first hurdle it would need to overcome before we can consider a change in the immediate trend. Conversely, if the price continues to fall, S1 and S2 are levels where we might anticipate potential support or a reversal.
The Relative Strength Index (RSI) is around 28.65, which is quite close to the oversold boundary of 30. This could indicate the possibility of a trend reversal or a pullback, as prices often revert back after hitting such extremes.
As for the Moving Average Convergence Divergence (MACD), the MACD line is slightly below the signal line, which typically suggests bearish momentum. However, both lines are very close to each other, so I'd watch out for any crossover which could signal a change in momentum.
In conclusion, FTM's current price action is bearish, but with the RSI being close to the oversold territory and the MACD lines close to a potential crossover, there may be a reversal on the horizon. As a trader, I would closely watch these indicators for signs of a momentum shift, especially any bullish divergence on the RSI or a MACD crossover above the signal line. Trading near support levels could provide a favorable risk-reward ratio, but it's important to wait for confirmation signals before making any trades, as countertrend trading can be particularly risky.
BNBUSDT.4HAnalyzing this Binance Coin (BNB) to Tether (USDT) chart, I'll provide my perspective as a trader looking at the technical setup on a 4-hour time frame.
Firstly, I'm taking note of the overall trend that Binance Coin has experienced on this chart. The price is trending below the Ichimoku Cloud, which suggests a bearish environment for BNB in the short term. The Ichimoku Cloud is a comprehensive indicator that provides an instant view of the market sentiment, trend, and strength by comparing current price to the average price level.
The Conversion Line (blue) is below the Base Line (red) within the Ichimoku setup, which typically indicates bearish momentum. However, it seems the price might be attempting to cross back above these lines, which could signal a shift in momentum if confirmed.
Looking at the pivot point levels marked on the chart, we can see the current price is trading between the pivot point support S1 and resistance R1. A pivot point and its associated support and resistance levels are often turning points for the direction of price movement. The price currently hovering between these levels suggests a decision point for the future direction of BNB's price.
The Relative Strength Index (RSI) is at 34.12, which is close to the oversold territory (below 30). This can often indicate that the asset might be undervalued and could potentially see a reversal or at least a pullback to the upside.
The Moving Average Convergence Divergence (MACD) is showing the MACD line just below the signal line, with the histogram bars pointing downwards in negative territory. This indicates that the bearish momentum is still present, although we should watch for any crossover above the signal line as a potential early sign of bullish momentum.
To sum up, the current technical setup in BNB/USDT on this chart shows a bearish trend with potential signs of a reversal in the near term. I would keep a close eye on the Ichimoku Cloud for any price movement above the cloud which would be a bullish signal. Additionally, any crossover of the MACD line above the signal line or an RSI move above the 30 level might indicate increasing bullish momentum. As always, it's important to look for confirmation and be prepared for the possibility of false signals. Proper risk management and a well-thought-out trading strategy are crucial.
ETHUSDT.4HLet's dive into the technical analysis of this Ethereum (ETH) chart against Tether (USDT) on the Binance exchange, speaking as if I'm the trader analyzing this chart.
We're looking at a 4-hour time frame which provides a good balance between detail and broader trend analysis. The chart is quite colorful with several technical indicators applied, including the Ichimoku Cloud, pivot points, and classic technical analysis patterns.
Immediately, I see that Ethereum's price has been in a downtrend, marked by lower highs and lower lows, which suggests a bearish bias. The chart also presents a descending triangle pattern, typically considered a bearish continuation pattern, indicating that the price may continue to fall if it breaks below the triangle's base.
The Ichimoku Cloud here is quite spread out, and the price is below the cloud, which in Ichimoku analysis, suggests a bearish market. The Base Line (Kijun-sen) is above the Conversion Line (Tenkan-sen), reinforcing this bearish sentiment. However, the price seems to be attempting to break through the cloud from below, which could signal a potential trend reversal if successful.
Looking at the pivot point indicator, it provides key levels of support (S1, S2) and resistance (R1, R2). The current price is below R1, indicating that R1 is acting as a resistance level. If the price were to reverse and go upwards, R1 and R2 would be the levels to watch for potential sell-offs.
The Relative Strength Index (RSI) is around 38.52, which is near the oversold territory but not quite there yet. This could suggest that there might still be some room for downward movement before buyers step in.
The Moving Average Convergence Divergence (MACD) is below the signal line and the histogram is negative, which is another indicator supporting the bearish momentum.
In summary, the overall sentiment from this chart is bearish. The descending triangle pattern, price position relative to the Ichimoku Cloud, and the RSI all suggest that Ethereum could see more downside. If I were considering a position, I'd look for the potential breakout direction from the triangle pattern, keeping a close eye on the Ichimoku Cloud for any signs of a reversal. A downward breakout would have me watching the S1 and S2 levels for potential entries, while an upward breakout above the cloud could shift the bias to bullish, and I'd look towards R1 and R2 as targets. As with any trade, confirming these signals with high volume and waiting for a confirmed breakout would be key to avoid false signals.
BTCUSDT.2HLooking at this chart, I'm observing Bitcoin's price action against Tether (USDT) on the Binance exchange. We're using a combination of technical indicators and price levels to gauge potential future movements.
Firstly, the chart shows a symmetrical triangle pattern forming, which indicates a period of consolidation. A symmetrical triangle is typically considered a continuation pattern, meaning that the previous trend is likely to continue once the price breaks out. However, the direction of the breakout (upward or downward) is not determined by the pattern itself but by other indicators and market sentiment.
The Ichimoku Cloud is present here, which consists of several components. The cloud (Senkou Span A and B) acts as support and resistance levels. The price is currently below the cloud, suggesting a bearish sentiment. The Ichimoku Base Line (Kijun-sen) is above the Conversion Line (Tenkan-sen), which typically indicates bearish momentum.
We've also got pivot point levels marked as R1, R2, R3, and S1, S2, S3. These levels are used to determine potential support and resistance levels based on previous highs, lows, and closing prices. Currently, the price is hovering just above the S1 pivot point level. If it breaks below S1, the next levels to watch would be S2 and potentially S3 for support.
The Relative Strength Index (RSI) is just below 40, which is neither in the overbought nor oversold territory but is edging closer to oversold levels. This could indicate that there might be some buying pressure coming in soon, but it's not a guarantee.
The Moving Average Convergence Divergence (MACD) shows the signal line above the MACD line, and the histogram is in the negative territory, which supports the bearish momentum seen in the price action and the Ichimoku Cloud indicators.
In summary, the current setup is leaning more bearish, with the price below the Ichimoku Cloud and pivot point supports. The symmetrical triangle pattern suggests a breakout is imminent. If I were trading this setup, I would watch for a decisive breakout from the triangle pattern and confirm it with other indicators such as the RSI and MACD before making a trade. If the price breaks above the triangle and the cloud, that would be a bullish signal, while a break below could see further downside movement. It's important to keep an eye on the volume to confirm the breakout's strength and look out for any potential false breakouts.
🔥 Bitcoin On-Chain: Completely Normal Correction!In this analysis we talk more about yesterday's analysis where I discussed the completely normal correction that BTC has been seeing. Furthermore, chances are that we will see more of those correction in the coming months.
As seen on the chart, Bitcoin sees multiple deep corrections (>20%) during bull-cycles. Sometimes they are less excessive, but >20% is generally the bottom.
Currently, BTC is trading around 11% from the ATH. It's not great, but looking at previous bull-cycles it can certainly get much worse.
For now, there's not a real reason for the bulls to worry. Yes, BTC is not really doing great at the moment, but did we really expect a move from 40k > 100k without any corrections?
Patience will reward you.
BTC enters the parabolic stage of the bullmarketPredicting the tops and bottoms of Bitcoin - in a macro sense - is not that easy. But some indicators can give us a clue or kind of sense of caution warning when to exit or enter the market.
One of them is the "MVRV Z" indicator. It is a chart indicator that uses blockchain analysis to identify periods where BTC is extremely over or undervalued relative to its "fair value".
Historically it has been very effective in identifying periods where market value is moving unusually high above realised value. It also shows when market value is far below realised value, highlighted by the green lines. Buying Bitcoin during these periods has historically produced outsized returns.
This chart indicator is generally useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where price may need to pull back when the score enters the upper red hot periods and also when price may rally after spending time in the lower green band.
Historically it has picked major Bitcoin price highs to within 2 weeks.
So far BTC has done a great job holding in the middle value band. It's in the stage of taking the next leap breaking out of it to the upside completing the bullmarket, also referring to past historical breakouts which happenend in similar fashion after a long lasting bearmarket.
RIPPLE - Price can break support level and continue to declineHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it rose to support level, but at once bounced and fell to support line of channel.
After this, price turned around and made upward impulse to resistance level, thereby breaking $0.5665 support level.
Next, XRP corrected and then repeated upward impulse to $0.7440 points, breaking $0.6630 level and exiting from channel.
Soon, price turned around and in a short time declined to support level in triangle, breaking resistance level again.
A not long time ago Ripple bounced up and started to rise and now I think that XRP can fall to support level back.
Also then, Ripple will break this level, make retest, and continue to fall to $0.5200
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin can continue to decline to 63100 support levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago rebounded from the 63100 support level, which coincided with the buyer zone, and in a short time rose to the 68000 resistance level, but when it reached this level, BTC started to fall. Bitcoin declined to the buyer zone, where it reached the support line and then at once rebounded back to the resistance level, making a fake breakout of a support level. Soon, the price reached the 68000 level, broke it, and started to trades in the range, where BTC first rose to the top part of this pattern. After this, the price bounced down from the top part of the range and some time traded near, until BTC almost reached the top part again. Then the price made impulse down to 64500 points, thereby exiting from the range and breaking the resistance level, after which it turned around and started to rise. Now, I think Bitcoin can rise to 66800 - 67000 points and then continue to decline to the support level. For this reason, I set my target at the 63100 level. Please share this idea with your friends and click Boost 🚀
🔥 Ethereum Dead Cat Bounce? Potential Massive Sell-Off ComingIn this analysis I want to take a look at ETH's price action over the last few weeks. It appears that ETH is underway to form a classical pattern that most of you a familiar with, a dead cat bounce into another sell-off.
Keep in mind, the dead cat has not been confirmed yet, since the price needs to go below the purple dotted line. Still, it's a pattern that will likely play out if the Bitcoin bulls will not step in very soon.
ETH (and likely also BTC) is at risk of giving away most post-ETF gains if this continues. We knew already from other analyses that Bitcoin is far ahead of where it *should* be at this point in time, so a correction might be necessary? Time will tell.