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BIG SHORT ENTRY at $80k down to $57k TargetAt last, we've reached the Upthrust (UT) in the Wyckoff distribution phase. The short entry target is set at $80k, exit at $57k (approx 30%), with expectations of turbulent price movements for at east a week. In reflection of previous timings, I was 2 months out on timing (expected in September) but this is a 2 year process so I expect adjustments along the way. Phase B. During this phase, institutions accumulate shares at lower prices, preparing for an eventual markup. This process can take a year or more, involving both buying shares and short sales to control price increases. Phase B often includes multiple secondary tests (STs) and upthrusts near the top of the trading range (TR). Overall, major players aim to acquire as much of the available supply as possible. End-to-end, the whole distribution phase should last at least another 10 months until Stage E. Best, Hard Forky
Short
by hardforky
ETHUSDT Faces Strong Resistance, Downtrend PersistsETHUSDT is currently trading around 2,589 USDT and remains within a downward channel on the 4-hour chart. Each time the price approaches the resistance line of this channel, selling pressure increases, pushing ETH back into the downtrend. The main trend is still bearish, with signals indicating that selling pressure is dominating in the short term. Key Analysis Points Important Resistance Zone: ETH is facing a strong resistance level right at the upper boundary of the downward channel. This is a zone where sellers typically capitalize on to increase pressure, pushing the price back down. Short-Term Support Level: The current support lies around 2,480 USDT. This level may trigger some defensive buy orders. However, if it is breached, ETH may continue to drop further, potentially heading below 2,400 USDT. Next Trend: If ETH fails to break through the channel resistance, a significant correction is likely, aligning with the ongoing downtrend. In this scenario, ETH could continue to move downward, with the next target at a deeper support level. Given the current situation, a selling strategy appears to be more promising as ETH approaches resistance zones within the downward channel without breaking through.
Short
by Sanhara
BTCUSDT Near Key Resistance – Another Rally Ahead?BTCUSDT is currently trading around a high of 72,890 USDT, with prices surging since its last breakout from the downtrend at 68,700 USDT. The coin is gaining strong momentum due to several key factors: Expectation of a Bitcoin Spot ETF in the U.S.: Investors anticipate that the SEC will approve a spot Bitcoin ETF soon, paving the way for institutional inflows. Positive Sentiment Ahead of the U.S. Elections: Economic policy uncertainty has led investors to view Bitcoin as an alternative asset for value preservation. Interest from Major Financial Institutions: Growing interest from top financial institutions is boosting confidence and demand for Bitcoin. From a technical and indicator perspective, BTCUSDT is approaching a critical resistance level. If it successfully breaks through, another strong rally could be on the horizon!
Long
by Sanhara
BITCOIN Weekly line charttells a story of 4 discernible patterns and 4 log targets. 1) The inverse head & shoulders to end the bear market 2) A broadening rising flag .... which at the time, many thought it was head and shoulder's top on the candle chart. 3) A small sideways flag 4) and the current frustrating broadening descending bull flag. Which has cause much grief to participants but will likely gives an explosive quick large moves. As you can see putting the chart can help in identifying trends.. key highs and lows and also gives patterns that may not be visible on a candle chart. Another tool in your toolbox.
INDEX:BTCUSDLong
by BallaJi
ETH Diverges from Bitcoin: Is a 20% Downside Imminent?Currently, many altcoins, including Cardano, XRP, and Ethereum, are showing strong bearish signals . Using a straightforward indicator like the 200-day EMA on the daily timeframe, we can see that most of these coins are trending below this line, highlighting a consistent bearish bias. Altcoins often follow similar trends, moving together with the overall market sentiment. With this in mind, we're screening for the best potential setup based on technical indicators. Out of all, we’re zeroing in on BINANCE:ETHUSDT which we believe presents the strongest opportunity right now. Let's dive deeper into its technicals. With ETH/USDT in focus, the technical indicators reveal a clear bearish setup. The price is currently trading below a well-defined bearish trendline and the 200-day EMA, signaling sustained downside pressure. This bearish outlook is further reinforced by a Rising Wedge breakout, while a bearish MACD crossover highlights strengthening momentum in favor of the bears. Given these aligned signals, there’s a high probability of a continued downward trend. Our first target sits at 2015.82 . From there, we may see a brief pullback into the green zone before ETH/USDT resumes its decline, potentially reaching the second target at 1834.62. This outlook remains valid as long as the price holds below the stop-loss level at 2773.05 Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
Short
by financialfreedomgoals101
04/11/24 Weekly outlookLast weeks high: $73,633.97 Last weeks low: $67,477.38 Midpoint: $70,555.67 ELECTION WEEK IS HERE! This is the one we've all been waiting for and probably been nervous about. On the 5th November the US election takes place, now we might not know for certain who has won on that day but we should have a good idea barring no funny business. At time of writing, Trump leads the betting market polls 57.7% : 42.3% which is down significantly from last weeks high of 67%. A lot can happen between now and tomorrow but for BTC and crypto in general a Trump win should be favourable to the markets, a Harris win might delay cryptos progress IMO. If the US election wasn't enough for one week FOMC takes place a couple of days later. With a forecasted cut of 25bps coming taking the interest rate from 5.00% to 4.75%. The last FOMC saw a 50bps cut so the FED is rapidly moving to a more risk on environment which should be pro crypto, however I do think the election result will dwarf this FOMC in importance as the 25bps cut has been known about for awhile and most likely priced in. Obviously the election is the main focus of this week, a number of projects have token unlocks this week too: Larger % circ. supply: NEON,BANANA,ADA,XAI,BGB,AGI Smaller % Cir. supply: SOL,WLD,TIA,TAO,AVAX,DOGE,SEI,NEAR,DOT,SUI&FIL The altcoin market is still at the mercy of BTC and BTC is at the mercy of this election currently so we'll have a better picture of what the future may look like by the end of the week.
by ProR35
Bitcoin’s Path to New Highs: Strategic Patience We’re witnessing BTC testing significant structural resistance within this upward channel. Historically, such levels, especially in the context of macro-economic uncertainties, have defined pivotal moments in Bitcoin’s price action. As we approach the $75,000 region, it’s crucial to observe how BTC interacts with this resistance. If a breakout occurs with volume confirmation, it could set the stage for a powerful upward trajectory. However, patience is key. The market often “breathes” before major moves, and any false breakouts here could lead to rapid pullbacks. This is not merely about trading levels but understanding market psychology. Every price level reflects collective sentiment — a blend of FOMO, skepticism, and seasoned discipline. Remember, profit is not just about “catching tops or bottoms” but executing a strategy that respects both momentum and caution. Let’s maintain a watchful eye on the next few sessions. A successful close above this level signals strength; a retreat, however, might be an invitation for a reentry at lower support levels around $70,000. Stay disciplined, respect the levels, and as always, let the chart tell its story. dyor
Short
by HedonistTrade
$TON large-scale trafficTON ends the accumulation phase after negative events related to Telegram and Pavel Durov. The court ruling on the Telegram case will be issued soon, which will undoubtedly have a positive impact on TON's price. The TON ecosystem continues to thrive and receive more and more projects. Creating tappable coins like NOT and others untie the hands for manipulators, as it is a transparent system for raising funds for the project, as well as a simple consensus. In the most positive scenario, I would stick to the plan as on the chart with the formation of 5 elliot waves as well as a trend change after consolidating above the 50 EMA. A number of hedge funds and market makers have also made big deals here. Get ready! Horban Brothers!
Long
by horbanbrothers
The Next for ETH (?)Ethereum (ETH/USDT) on the weekly chart shows a recurring cycle of three phases: Uptrend, Trapping Price, and Accumulation. The Uptrend phase sees significant upward movement, indicating strong buying interest, followed by a Trapping Price phase where the price corrects or moves sideways, potentially trapping late buyers. Finally, the Accumulation phase is marked by consolidation with tight price movement, typically setting the stage for the next uptrend. Currently, Ethereum is in the Accumulation phase following a recent correction. If this cycle repeats, ETH may soon enter another uptrend, offering a potential opportunity for buyers before the breakout. A strategy here could involve accumulating during this phase with a target near the previous high of $4,556.27 , while setting a stop loss below the accumulation range to manage risk.
Long
by rafif_faauzan
4
DYMUSDTOn the DYMUSDT chart, we observe recent sideways movement, suggesting a period of consolidation 📊. The price has formed a bottom and reached MA144, which currently acts as resistance 🚧. However, given the current market context, there is potential for an explosive increase 🚀. The displayed price targets indicate potential levels, with a possible high of $34. Although ambitious, this target is achievable under the right market conditions. Considering these factors, I am holding a long position on DYMUSDT.
Long
by mrvitz78
BTC Squeeze the UnexpectedBitcoin has made an epic move over the course of the last few weeks, into a critical resistance level, slightly front running the all time high. According to some of the data available, suggestion that retail is actually shorting the Bitcoin price at the moment as they are in disbelief that we will break the all time high, after months of sideways price action. Bitcoin has currently pulled back to the anchored vwap of the last low before this rip higher, and this area can be classified as a large potnetial bounce zone, as we have seen it before. Moving into next week, we have big election news, as well as rate cut news, setting up for what may be the most volatile week of the year. I have a feeling that many people will be looking at this event negatively, and actively trying to short the market. However, I have seen the power of the anchored vwap over and over again, and until the level is broken, lost , and retested, I would rather look at this as a nice potential buy zone to ride this back to the ath. Only time will tell...
Long
by afurs1
TIAUSDTOn the TIAUSDT chart, we observe a descending parallel channel that has been recently retested 📉, indicating potential price consolidation. MA55 and MA144 are close to forming a bullish cross 🔄, suggesting a possible upward impulse 📈. The next significant resistance is at the confluence of MA233 and the Fibonacci 0.382 level 📊, which could influence the future price direction. Monitoring these levels closely is essential for anticipating upcoming market moves 👀. I am currently long on this setup 🚀.
Long
by mrvitz78