ORDIUSDT trade ideas
ORDI (Y24.P1.E1).Showing weaknessHi Traders,
Looking from a wyckoff reaccumulation perspective, I see it either hold the trend with these Moving averages or not and a sweep below for liquidity makes sense or even deeper to the 618 fib retracement where it has confluence with the 200 Daily Moving Averages.
Regards,
S.SAri
📈 Ordi/usdt Successful Retest? 🚀 Ordi/usdt has confirmed its breakout, and the retest appears to be completed. 🎉 It's time to buckle up as we anticipate a potential price surge of 25-50% in the upcoming days. 📈💰
Remember, this information is for informational purposes only and should not be considered financial advice. Always conduct thorough research before making any investment decisions. Happy trading! 😄💸
ORDI ANALYSIS (4H)The red range consists of qm level and swap, which is a strong range.
We also have two liquidity pools at the top and bottom. According to the bearish CH, it is expected that the high liquidity pool will be swept first and then the price will drop to sweep the low liquidity pool.
Closing a daily candle above the red zone will be analyzed as a violation
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Auction for Bitcoin Ordinals Goes Live on Sotheby’s
Auction house Sotheby’s has opened bidding for its Bitcoin Ordinals collection following the conclusion of its first auction of this same digital collectible last year in December.
Bitcoin Ordinals Auction: Ongoing Curated Sale
The collection auction dubbed “Natively Digital: An Ordinals Curated Sale,” contains 19 pieces of the Bitcoin Ordinals including some rare Satoshis, work from the pioneering artist Shroomtoshi, generative art, and an item connected to the Bitcoin Ordinals brand Taproot Wizards.
The price of the collection ranges from $5000 to about $70,000. Two Shroomtoshi pieces were listed for $50,000-$70,000 and they are the most expensive. One of the Shroomtoshi has reached a $16,000 bid while the other is still on $8,000. FAR for Taproot is listed for $15,000-$20,000, Nullish $30,000-$40,000, and another Nullish Block 9 for $10,000-$15,000.
The “lot” are expected to close independently one minute from each other, however, the auction will close on January 22.
Per a statement from Sotheby’s, “This sale puts a spotlight on the incredible range of creative diversity found within the Bitcoin ecosystem, as Ordinals have seen explosive growth over the past year.”
Sotheby’s first auction for Bitcoin Ordinals was completed on December 13 and it contained three pieces from BitcoinShroom’s collection. This was regarded as one of the first Ordinals projects ever created by Shroomtoshi. The auction of this collection led to an influx of funds. Upon completion, a total of $450,850 was realized from the sales.
Compared to the collective value of the three pieces, the realized funds marked a five times increase.
Bitcoin is Now Duly Competing With Ethereum
With the advent of Bitcoin Ordinals ($ORDI), CRYPTOCAP:BTC is fast competing with Ethereum ( CRYPTOCAP:ETH ) as a digital collectible powerhouse. Moreso, the concept of Ordinals is fast gaining recognition and adoption in the global scene as duly proven by the Sotheby’s listing.
After Gary Gensler, SEC Chair attempted to debunk a false post about Bitcoin ETF approval a few days ago, digital artist Billy moved to immortalize the official’s response to the false Bitcoin ETF approval post as Bitcoin Ordinals.
At the same time, Bitcoin Ordinals have faced some opposition from the likes of Bitcoin ( CRYPTOCAP:BTC ) core developer Luka Dashjr who is pushing for its eradication.
ORDI/USDT.PBYBIT:ORDIUSDT.P
This idea has a medium-term profit target.
All targets are indicated on the graph with a red eye.
- Risk 0.5% on deposit
- R/R 1/2
P.S ( This is not an investment recommendation, this is my personal opinion. )
ORDI - Ordinals going parabolic!ORDI - has accumulated all December long, making new highs, it was not a clear bullish sign, till now.It is breaking for the second time, the second contraction triangle.
starting to get hotter...
i dont see Possibile potential targets (clear zones), as TRB if continues to create highs we need to keep it.If the momentum stays then we continue to buy it.
Good trading
ORDIUSDT - Make or breakORDIUSDT had been in a bullish trend when a bearish divergence on RSI was made, consequently, it went into a correction/ consolidation phase. A H&S pattern has been formed during this phase. Now its in a make or break condition. If it breaks below, bearish side will be confirmed and short positions may be opened, whereas on flip side it top of the pattern is broken, it will move for another high and Stop Buy may be placed
OrdiusdtBulls or bears?
This is important area for Ordi if it breaks the line next purple line is absolutley reachable.
Fibbonacci accept this break but btc is bulish and the situation is risky. I will open my short position after break
ORDI On the way to retraceOrdinals is showing weakness and we can expect a retrace till support zone around 48$. The main support trend line is broken and we could see a retest of it. Stoploss will be place likely above resistance zone around 80$
ORDI/USDT is in a bullish trend.Based on the chart, there are several bullish patterns that could suggest the price of BINANCE:ORDIUSDT is poised for further upside movement. Here are a few indicators:
Ascending Triangle: The price action is forming an ascending triangle, which is a continuation pattern that typically indicates a potential breakout to the upside.
Rising Volume: The volume of trading has been increasing over the past few hours, which often accompanies bullish breakouts.
Price Breaking Above Support: The price has recently broken above a key support level at 48.905 USDT. This level was previously acting as a constraint on the uptrend, and its breakout suggests that the upward movement may have gained momentum. If the price can sustain its gains above this level, it could further bolster the bullish sentiment.
In the event of an upside breakout, the target price ranges are on the chart.
Good Luck
Short OrdiOrdi is showing a strong bearish divergence, failing to break its recent highs. Each attempt to retest these highs is met with strong selling pressure. My SL is set just above these highs and my first TP target is at the 0.618 Fibonacci retracement level. My final TP is aiming for a longer-term trade where I anticipate Ordi to eventually retest its previous resistance level, which could then become a support level in the future. Meanwhile, my strategy is to short Ordi, taking advantage of the bearish momentum and letting the late buyers fill my shorts.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD, RSI, Momentum, and resistance/support zones combined with patterns.
ORDI is going from $70 towards around $550 in January 2024Why?
First off, we are in a bull market that shows no signs of distribution so continuation is more likely.
Secondly, we are in a clear Eliott Wave fifth pattern with waves 1, 2, 3, 4 already done and wave 5 should ensue of a higher mangnitude than wave 3.
Wave 4 was a clear Eliott Wave double three pattern with w, x and triangle in y. Triangle means correction is already done and impulsive wave will follow.
ORDI Bullish Uptrend ConfirmedHappy New Year!
ORDI continues to present bullish uptrend signals. It's possible that we will hit the $100 target very soon.
Once BTC ETF approval is officially confirmed and BTC halving sentiment starts to be priced in, we will be targeting the $500 milestone.
Let's continue building. BRC-20 is here to stay.
Mock Up Price Action for ORDI | Mid Term (12HR)Mock Up Price Action for ORDI | Mid Term (12HR)
- Watching and waiting for opportunity to enter short
Mock Up Price Action for ORDI | Near-Mid Term (4HR)Mock Up Price Action for OKX:ORDIUSDT | Near-Mid Term (4HR)
- Watching and waiting for pump and dump price manipulation short entry
- Taking inspiration from BINANCE:GASUSDT and BINANCE:TRBUSDT
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
$ORDI Sell idea1. We have hit the 90.0 big figure.
2. We have market structure shift in H1.
3. We have run on stops in H1 as well.
4. We have IOFED in H1
5. Targets are the H1 Sellside.
ORDI/USDTWelcome to the exchange rate analysis of the Ordi/USDT pair!
In terms of price action, the identification of the Fibonacci 0.618 level has become an important factor for me, as this zone could act as a strong support for the exchange rate. In the chart I examined, it is clearly visible that the price has stopped and then reversed several times during the uptrend around the Fibonacci level of 0.618, which may suggest that it could be an important level for investors to consider in the trend.
The use of SMAs (Simple Moving Averages) on the chart (SMA 10, 30, 50, 100, 200) provides me with additional information on the price action. The values of the SMAs show that the averages are pointing upwards, which confirms the upward trend of the exchange rate. The overlap between the 50 and 200 SMAs can also be important as a long-term indicator of the direction of the exchange rate.
Applying the Elliot wave structure to the price movement, the 5 wave structure can be clearly identified on the chart. However, this requires further investigation in order to more accurately identify the individual waves and their relationship to the current situation we are examining.
Overall, although a bearish divergence is observed in the RSI, which may indicate that momentum is weakening, the exchange rate is currently near resistance at the top of the channel. In light of this, I expect the price to retest the Fibonacci level of 0.618, however, the continuation of the rising moving averages and the 5 wave structure could also give the price the opportunity for a continued rise.
Please note that this is just a general analysis based on the data and indicators I have examined. I recommend further in-depth research and risk management before making any meaningful investment decisions.
Ordiusdt ... Tecnicall analysis The ordiusdt is moving in its ascending channel, with a little rest, it goes up again, and moves to the top of its ascending channel.
