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Altcoins! June 23rd, Channels, and Current InterestsTraders, As promised, I am doing a quick overview of current price action in our altcoin space. I will cover an important date, June 23, and why it matters. I will also review the channels that are forming on most alts which appear as though they could be mid-term bear flags. And finally, you will see me review some of my current trades and what I am looking at for targets, stop limits, etc. Enjoy. Stew Timestamps 00:00 Intro 09:17 Altcoins 11:27 DogeCoin 16:00 Defi Coins 19:34 Outro
by stewdamus
1
BNB's Next Bull Run: Targets of $2000-$3000 Unveiled in TABNB/USDT Technical Analysis: Short-term Bearish, Long-term Bullish In this technical analysis of BNB/USDT, we will explore the current market conditions and provide insights into the potential price movements of Binance Coin (BNB) in the short and long term. Please note that this analysis is based on historical chart patterns and does not guarantee future price movements. Current Situation: At the time of writing, BNB is trading at $244, having experienced a 5% pump due to a recent Launchpad Sale. However, based on the chart analysis, the short-term outlook for BNB/USDT appears bearish. Distribution Zone and Downside Potential: The chart analysis indicates the presence of a green box, which represents a distribution zone. Typically, after such a distribution, a downward move can be expected, potentially leading to Wave 5. Considering this, there is a possibility of BNB experiencing a downward movement of 40-50% from the distribution zone. Anticipated Buy Opportunity: Based on this analysis, the author is waiting for a buy opportunity at the $100 level. It is believed that BNB/USDT may hit bottom around $100 and potentially bounce back strongly from this level. The author has identified three entry levels: $120, $101, and $80 (with below $100 being considered a bonus). Long-term Bull Run Potential: Looking ahead, the historical chart patterns suggest that BNB may experience a significant bull run in the future. The author believes that during the next bull market, BNB has the potential to reach a price range of $2000-$3000. Target Areas: To provide potential profit-taking levels, the author has identified several target areas: TP1: $1000 TP2: $1500 TP3: $2000 (with 80% of positions to be closed at this level) TP4: $3000 (with prices above $2000 considered as a bonus) CryptoPatel Levels: Lastly, the analysis includes key support and resistance levels: Support: $220, $180, $100 Resistance: $333 Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies carries risks, and past performance is not indicative of future results.
Long
by CryptoPatel
5
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
1
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
LTCUSDT Rallies 38%, PULLBACK LikelyHi Traders, Investors and Speculators of Charts📈📉 We are seeing a correction on LTCUSDT after a 38% increase and it's time to secure those profits! LTCUSD is likely to correct to the next immediate support zone where you can either 💥take a swing trade and short, or 💥 wait and accumulate more at the demand zone back in the $90's Previous Litcoin Update : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck _______________________________ COINBASE:LTCUSD CRYPTOCAP:LTC BINANCE:LTCUSD BITFINEX:LTCUSD KRAKEN:LTCUSD BINANCE:LTCUSDT KRAKEN:LTCUSDT POLONIEX:LTCUSDT PHEMEX:LTCUSDT
Short
by CryptoCheck-
25
DOGE -BULLISH: BTC Halving, ALTS RotateHi Traders, Investors and Speculators of Charts📈📉 The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains. Historically, Bitcoin has been the dominant player in the crypto market, accounting for the majority of trading volume and market capitalization. However in recent years, altcoins have begun to gain traction and there has been a growing trend of investors rotating their liquidity from Bitcoin into altcoins. Not to mention the fact that Mr. Elon Musk himself is always bullish on Dogecoin and this has resulted in increased adoption for the altcoin DOGEUSDT. The Bitcoin halving is an important factor to keep in mind in the coming months as this affects the rotation of liquidity between Bitcoin and altcoins. (The halving is an event that occurs every four years, when the reward for mining a new block is cut in half) . This reduces the supply of new Bitcoin entering the market, which can lead to an increase in price. If the Bitcoin halving leads to a significant increase in the price of Bitcoin, it is possible that some investors will rotate their liquidity out of altcoins and into Bitcoin (meaning that the price of alts will INCREASE up until the halving, where it will then exit alts and enter BTC market again). The next Bitcoin Halving is scheduled to take place around April or May of 2024. Order of the Rotation Based on the Market Cap of the Altcoin The order of the rotation of liquidity between Bitcoin and altcoins is typically based on the market capitalization of the altcoin . The largest altcoins, such as Ethereum, Litecoin, and Ripple, tend to see the most liquidity rotation, as investors move their capital into these assets in search of growth opportunities. As we have recent seen significant increases in Solana, Litecoin and ETH, we can now expect liquidity to rotate into the next class of alts with slightly smaller market caps then the previous class, including DOGE. These are some of the fundamental reasons on why I am bullish on DOGECOIN up until the point of the BTC halving next year. The technical reasons for my bullish sentiment have been discussed in the video, including Technical Indicators and Macro phase analysis. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck _____________________ CRYPTOCAP:DOGE BINANCE:DOGEUSDT BINANCE:DOGEUSDT.P OKX:DOGEUSDT COINBASE:DOGEUSD KUCOIN:DOGEUSDT BINANCE:DOGEBTC CRYPTOCAP:DOGE.D COINBASE:DOGEUSDT
BINANCE:DOGEUSDLong
by CryptoCheck-
19
Bitcoin's Battle between Bulls and Bears#bitcoin Update: Currently Trading at $30,500 Bitcoin ( CRYPTOCAP:BTC ) is facing resistance in the red box area as shown in the chart, resulting in a price drop to the local support zone. The recent big wick indicates stop hunting and liquidations of overleveraged positions. However, as #BTC continues to trade within a range, money is flowing into altcoins. Key Levels to Watch: - Support Area: $29,800 - Resistance Area: $31,000-$31,200 - Range Bound: $29,800-$31,200 Stay tuned for more updates as Bitcoin's price action unfolds!
by CryptoPatel
3
Altcoins Double-Top, DXY Double-BottomShould TVC:DXY move back down to the bottom shown on the chart above, the altcoin market could move back to its top. There is also a possibility of this happening if DXY simply moves sideways for an extended period of time. However, if DXY moves back up above 105-108, hits 112-116 and continues, expect the altcoin market to move much further down. Why? The altcoin market and TVC:DXY are significantly negatively correlated, moving in near mirror-images of each other. DXY correlation with alts (and Bitcoin, Stocks, etc) does cycle into the positive at times, but predominantly remains in negative correlation, long-term. This makes sense, too: as the dollar index strengthens or inflates, the vast majority of everything that can be purchased with it will lose value as the dollar index weakens or deflates, we see them gain in value.
CRYPTOCAP:TOTAL3Long
by dudebruhwhoa
Bitcoin Range bound in Lower Time FrameBitcoin LTF Overview Current Range: $30K-$31.2K Chart Indicates Focus Within This Range: The chart shows that Bitcoin is currently trading within a range of $30K-$31.2K. There is a lot of price action within this range, which suggests that traders are focused on this area. Trade on Breakout: Traders should look to trade on a breakout of this range. If Bitcoin breaks above $31.2K, it could signal the start of a new uptrend. If Bitcoin breaks below $30K, it could signal the start of a new downtrend. Key Levels: Support: $30K Resistance: $31.2K Overall Outlook: The overall outlook for Bitcoin is neutral. The chart suggests that traders are focused on the current range, and there is no clear indication of which way the price will break. Traders should wait for a breakout before making any trading decisions.
BLong
by CryptoPatel
1
Is MATIC Ready for 60% Downside Move As per ChartTechnical Chart Analysis of MATIC/BTC - Bear and Bull Market Insights Market Overview: MATIC is currently trading at 0.00002163 BTC, representing a significant decline of 65% from its all-time high. While the technical analysis suggests a bullish scenario due to the formation of a bull flag on the MATIC/BTC weekly chart, market sentiment does not support an upward move for MATIC at present. Key Analysis Points: Bull Flag Formation: The MATIC/BTC weekly chart indicates the formation of a bull flag pattern, which traditionally signals a potential bullish trend. Market Sentiment: Despite the bullish chart pattern, current market sentiment does not align with an upward movement for MATIC. Support Levels: The immediate support level for the bull flag pattern is at 0.00002100 BTC. A price drop below this level would confirm strong bearishness. Target After Breakout: If hold Current Support then, the target for MATIC/BTC is projected to be 0.00000600 BTC, which represents a substantial decline of 60-70% from the current level. Worst-Case Scenario: In the event that MATIC/BTC holds the current support level at 0.00002100 BTC, there could be a bounce towards 0.000036 BTC or even 0.000057 BTC before the anticipated downward movement. Key Levels: Support Levels: Significant support levels to monitor are at 0.000021 BTC and 0.000006 BTC. Resistance Levels: Key resistance levels to watch are at 0.000036 BTC and 0.000060 BTC. Disclaimer: This analysis is not financial advice. It represents the personal opinion and analysis of the author. Individuals considering investments in any coins, including MATIC, should perform their own research and consult with financial professionals. Follow us for More Chart Analysis.
MShort
by CryptoPatel
3
Bitcoin Bullish 2023-2035 UPDATEGood day to you all. My previously published ideas done well. Long-Term Scenarios even on previous ideas still in Game, but i decided to post new more clear and updated chart for Long-Term game in #Bitcoin. We have done with ATH $44000-$50000- $65000 We saw $18000-$16000 bottom. Now we have a little time to accumulate #BTC below $65000, and all you need to do now is buy and hold, nothing special. Our next Main targets $335000 by ~2025y Few stops at $125000 and $240-270000 may be... Our next big Target at $1000000. Maybe 2028-2035yy. (l'Il update this tea at some point). This is the Target where 95% of you thinks it will be a Big resistance, and, i think, everyone will live the game at that Target, and their game will be over forever, it will be your Big mistake. At 1M price we'll see full adoption in our Earth life of #Bitcoin. Enjoy
KRAKEN:BTCUSDLong
by CryptoPtoTA
1
ALTCOINS An immense alt season is starting.The altcoin market cap dominance with its designated OTHERS.D ticker is rebounding after reaching the bottom of the Channel Up pattern that began on the December 2015 market bottom. A Falling Wedge was the pattern that drove it to the Channel's bottom as it did in August 2019. Following the rise at that time, a 1W Death Cross was formed over the Falling Wedge and that confirmed the uptrend with the 1W MA50 becoming the Support. A new 1W Death Cross is only 2 weeks away from forming and that is an indication of a massive upcoming surge on alt coins, the infamous alt season. Technically there is no better buy entry than now. The next Halving will be on April 2024, less than a year away and the previous bottom was 280 days before the last Halving. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTOCAP:OTHERS.DLong
by InvestingScope
6