XRPUSD - 2.87 Year Old Trend-Line Broken, What Comes Next?!_______________________________________________________________________________________________________________________________________________________________________
Hello, Hello, Hello! Traders, Investors and Community! Welcome to this tremendous significant RIPPLE / US DOLLAR analysis, I detected some important signs of where we heading the next weeks and months and important support levels which we need to hold.
The corona fears going on these days and the markets showing volatility never seen for years. For wise traders that doesn't mean crying! For wise traders that does mean searching for profitable opportunities!
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As you can see in my chart RIPPLE just broke down a very very very important support trend-line which was there for 1043 days that means 2.87 in years.
This trend-line held the whole structure up and now it is broken, as for now this break looks like a bear-trap BUT that does not mean we are out of the woods, as you can see in my chart we have a huge bearish zone below the trend-line.
For now, I see some steady up-trends coming the next weeks and months but these up-trends will trade into resistance right above RIPPLES head, you can see it marked with the resistance levels and the major important falling trend-line which first need to be surpassed to develop further up-trends.
The 50 and 200 EMA marked in orange and purple showing resistance also, which means we have another confluence for resistance in the area. When the price touching this area it is important to show good bullish continuation signs otherwise ripple will fall back into the bearish zone which would accomplish a slow death ride to lower levels.
Considering this scenario, trade on the SHORT side will be appropriate when a reversal confirmed but for now, the price first has to visit these areas.
When dividing the chart into bullish, neutral and bearish areas there are, as mentioned clear obstacles in the neutral zone for ripple to turn bullish:
For the next weeks and months we can expect some good up-moves coming but what hold ripple back in this structure are the few resistance levels that shouldn't be ignored. When these levels confirm as resistance a SHORT trade will be appropriate otherwise we have to watch out for a possible bullish confirmation leaving the obstacles
in the neutral zone behind and confirm the turning-point into the green bullish area as seen in my chart.
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Thanks for watching my analysis! Hopefully, it will be profitable for you. There are always opportunities in markets also in times of great fear or greed, good treaders keep a cool head and look for the golden apples popping up ;)
For more market insight feel free to support.
Information provided is only educational and should not be used to take action in markets.
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Bitcoin-trading
Huge Symmetrical Triangle will determine Bitcoin Future Outcome!__________________________________________________________________________________________________________________________________________________________________
Hello traders investors and community. We live in volatile times today! As the news is spreading the coronavirus fears and national emergencys called in many countries of the world we see rumors facing all important financial markets including the cryptocurrency market and the biggest cryptocurrency of all, bitcoin!
We saw BTCUSD breaking down several support levels as it formed a major low at 3850 after a heavy downfall making more than minus 50 % in just one day. Today I discuss with you the important price pattern I detected observing the bitcoin chart and the heavy outcome BTCUSD will show us in future!
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When looking at my chart you can see this huge historical triangle forming after the major high was seen in 2017, as looking objectively on the triangle we can say that we
are still trading in a consolidation phase considering the long-term approach. The symmetrical triangle will break either in the bullish or bearish direction with a heavy outcome, the longer we are trading in the triangle the heavier the outcome will be, so at this point, we need to wait and look for more bearish or bullish signs to confirm the definite outcome of the triangle.
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Sell-Off:
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Local Support/Resistance:
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Considering the next days and weeks I am expecting up-moves to higher levels at least to recent support/resistance levels between 6460 and 6900, after this a test of the upper triangle line as seen in my chart is highly likely. Either of the two targets marked in dark red will be reached when the triangle confirmed in the bullish or bearish direction.
I know many of you want to believe in the crypto bull market but at the current point there also has to be considered the bearish scenario as also the major stocks and world economy showing bearish signs we are facing a possible recession the next months and years, therefore the bearish scenario has to be considered and taken seriously.
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Thanks for watching, I hope everybody found this analysis useful. For more market insight feel free to support my work with a like and follow. I wish everybody of your good days and a nice weekend!
“It is the job of the market to turn the base material of our emotions into gold.” In this manner have a good weekend my friends!
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Be aware of this hidden Fractal-Similarity between BTC and Gold!__________________________________________________________________________________________________________________________________________________________________
Hello traders investors and community, today I share with you an amazing observation which I found in the bitcoin and gold chart.
As many people know when we talk about digital gold we bring bitcoin in the conversation, similarly to the physical gold the supply is limited and the
production is similar, the difference to the physical gold is that the production and supply of bitcoin is 100 % digital.
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When I compared the charts to one another I figured out that there is not the only similarity in production and supply but also in the chart picture!
Looking at the physical gold chart the overall structure can be divided into four phases. You can see these phases marked in the charts.
There is also the big descending wedge in gold which already confirmed the same way in bitcoin.
Phase 1: Correction: Gold provided a significant correction from 1900 to 1050 before it formed the ongoing uptrend, this fractal can also be divided into a Wyckoff accumulation phase.
When looking at the bitcoin correction phase we see an unbelievable similarity with the physical gold chart, as it formed the exact same correction fractal which can be divided in
a Wyckoff Cycle.
Phase 2: First Uptrend: The first uptrend in gold is important because it brought gold from 1050 to 1350 in a massive up-trend wave before the consolidation set in, we saw the same
dynamic in the bitcoin chart as you can see when looking at my chart.
Phase 3: Consolidation before Breakout: When looking at the consolidation phase of gold I saw that there is a significant wedge formation before a massive breakout happened, you
can see the breakout marked in the chart with the red Ellipse. Like a correction in bitcoin the next weeks is the most probable scenario we can expect a similar wedge pattern
before a breakout.
Phase 4: Second Uptrend: The second uptrend with gold is developing right now, this is the point where bitcoin is still in the correction phase, but the setup is highly probable as
there are so many similarities in the charts we can expect bitcoin entering the breakout and phase 4 symmetrical to gold. The only difference is that the charts diverge in time.
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Soo my friends, this should be a good overall overview of the physical gold and digital gold compared to one another. ;)
Please like and follow my work for more market insight. All the best and good trading profits my friends!
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My Forecast Played out the Bullish Way and the Flag Confirmed.__________________________________________________________________________________________________________________________________________________________________
Hello my friends! This is a update-analysis on a idea I made november last year! I called that we are trading in a huge bull-flag with two possible outcomes.
Now we can see that the bull-flag I observed is playing out the bullish way just right the coming days.
Highly recommend that you watch this analysis to have a full overview of the situation:
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We are looking at the daily chart and can see that the huge bull-flag I suspected to confirm also in a bearish way is confirming the bullish way now.
We made a possible final lower low and otherwise when we can't find bearish signals signaling a fake break-out of the flag or heavy supply
we can expect a good growth period with a higher high in the structure.
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I expect a consolidation the next days above the last blue trend-line which you can see in my chart before moving steadily higher.
This is a middle-term analysis, in the next weeks and month we can expect bitcoin to test the upper resistance levels at
10600 to 11900, for now, I can't say that we are out of the woods for sure but we can expect some bullish movement.
A possible target of the bull-flag would be 12700 with more upside potential, we have to watch if this plays out!
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Thanks for watching everybody. I hope you found this analysis useful. Feel free to support my work for more market insight. All the best!
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Bitcoins Actual Amazing Movement Similarity with the Last Cycle!_____________________________________________________________________________________________________________________________________________________
Hello my friends, I wish everybody a Happy New Year! Hopefully, everybody had a nice New Years' Eve.
So we are in 2020 and there are important things I discovered with bitcoins weekly time-frame movement, which I share with you today. Let's go!
There Is Bitcoins Big Cup and Handle Cycle which already played out with the target of the Cup and Handle Confirmed.
You can see it in my chart, you can see the different stages of the cup and handle confirmation, breakout, and target marked with numbers from 1-4.
Also, there is the first Cup and Handle Formation which already played out in 2017 marked with the letter A and the next Cup and Handle Cycle marked with the letter B.
1. Double Bottom and First Accumulation: The first bullish signs after a long and strong bear-market indicating a possible change in direction.
Smart-Money is accumulating in this phase.
2. Second Accumulation: Retail Money is accumulating in the market. The prices are rising higher. This is also a substantially important phase for bitcoin to develop
further rising price-movement.
3. Breakout and Cup and Handle Confirmation: Price increases further after the second accumulation is completed. Price confirms at the right top of the cup and
forms the handle which completes the formation when confirmed.
4. Final Cup and Handle Target: It s the price target projected from the top of the Cup and the lengths from the bottom to the top from the cup of this formation.
The minimum target zone is the percentual price lengths from the bottom and top of the Cup and Handle formation, more often then not the prices shoot higher than the
actual target. Which you can see in the first Cup and Handle Cycle.
Cup and Handle Formation: In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop
in the price and a rise back up to the original value, followed a smaller drop and a rise past the previous peak. It is interpreted as an indication of bullish sentiment in
the market and possible further price increases.
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The second Cup and Handle Cycle in which we are trading right now looks pretty similar to the last one, it wouldnt be not so Improbable that we confirm this second Cup
and Handle like the last one. On the other hand these formation can also fail and print another formation which either consolidates or falls down. A defnite test of the
higher line from this formation can be taken as complete confirmation of the formation and further upward price movement.
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Overall Bearish but this Fractal could save Bitcoin. __________________________________________________________________________________________________________________________________________________________________
Hello my traders, friends and family. Today I make an important analysis following coherently up my two last analyses on BTCUSD, where first I pointed out the future outcome
in middle to long term of bitcoins price on the daily time-frame and as second the current price action and where we are heading on the 4-hour time-frame.
If you didn't see these analyses already you can see it here:
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This analysis playing an important role to show the possible save from bitcoins bearish outcome with the fractal i found.
The analysis is building a logical continuation to the recent two analyses with other indicators, so i would recommend you to see also the last two. Lets go!
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We are looking at the daily chart and as you can see in my chart there are two fractals which are marked with orange ellipses, one that already played out and
another which is completing now. The fractal which already completed pulled back several times at the 20-EMA before it made an down-pull to the 7300 area, after
this we have seen an massive uptrend which made almost 41.91 %.
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It is important to watch for the 20-EMA (purple) confirmation in this scenario, as the same is pretty similarly happening now, several pull-backs at the 20-EMA before
going down and recovering massively.
As you can see in my last analysis (4-hour chart) we are heading into resistance at the 7300 - 7400 level which is also matching with the 20-EMA.
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When this scenario plays out and we get another pull-back at the 20-EMA we will see good support between 6000 - 6300, which you can watch marked in my chart.
There is also this major support line marked in black in my chart, where we will highly likely get minimum a pull-back when touched.
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Thanks all my friends. Good trading profit in december 2019 ;) Feel to support for more market insight.
Information is only educational and should not be used to take action in the markets!
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BTCUSD - Important scenario on middle-long term to watch!___________________________________________________________________________________________________________________________________________________________________
Hello, as many people giving advise when to buy bitcoin and how much can it fall before backing up there is an important scenario to watch when considering the bullish scenario. Do you really think bitcoin will back up again when falling to 4000-5000 USD?!
There is not much volume in the market, a fall to 4000-5000 USD would confirm several bearish indicators and the probability of a possible bull-market continuation will fall.
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As you can see in my chart there is an important indicator showing us when a confirmed bull and bear market is in play. It is the Thunder Cloud Suite. It confirms bull and bear markets. Also in bitcoins bull-markets the weekly close was never below the lower band of the Thunder Cloud Suite. It indicated exactly the market change with a close below the lower band in april 2014 and march 2018.
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What is also really important and worth to look at is the major blue trend-line which you see in my chart holding bitcoin all the way up, what do you think will happen when bitcoin trades below this major blue trend-line? Right another bearish indicator confirms!
There is the 50-EMA which also hold the bull-markets in the past and confirmed more downside when broke down.
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For now we have to watch if bitcoin succedes in holding the range or if it falls more. Falling more can also happen slowly with touching support backing up and falling again as seen in the bear-market after 2017.
Considering the bullish scenario the volume for an continuation is very important.
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Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support!
The information provided is for educational purposes only and should not be used to take action in markets.
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Bitcoin's Next Move: Breakout (70%) or Retest at 44K (30%)? 🤔💡Bitcoin's journey within the ascending channel has presented multiple buying opportunities, particularly appealing at the channel's lower edge. The last noteworthy purchase was near $42,700, and now, as we approach the upper channel boundary around $45,120, we face resistance. A break above $44,200 could signal fresh long positions targeting $47,600. However, current resistance suggests a potential pullback to $44,500 or even to the channel's midpoint near $44,146.
Patience remains a virtue in this market. The recent SEC approval for Bitcoin ETFs triggered a classic 'sell the news' event, but the market is now stabilizing. Anticipation for the upcoming Bitcoin halving and multiple compelling reasons to buy Bitcoin are creating a buzz in the community. So, what's next for Bitcoin? Will we hit the $47,000 mark, or is a dip to retest $44k more likely? Based on my analysis, there's a 70% likelihood we'll reach $47k and a 30% chance we'll revisit $44k.
Let's not forget the anonymous poll results from the FX PROFESSOR (Public Crypto Channel), which showed a community leaning towards testing FWB:49K again soon with a 42% vote, while 34% anticipate a dip to $40k first. These insights are valuable as we navigate the volatile crypto waters.
As we move forward, keep an eye on vaults ready for fresh breakouts. With the Bitcoin halving on the horizon, the probability of a breakout stands strong. The key is to manage risk with controlled stop losses just below the breakout level.
So, do you think Bitcoin will surge past $45,200 for a clear breakout? Share your thoughts in the comments.
One Love,
The FXPROFESSOR 💙
BTC BREAK VOLUME POSSIBLITY 44.5K TRENDThank you for reading this update.
Until this moment BTC has been in an uptrend, since the new uptrend that started below 40K trend wick. as this chart shows:
The coming time is important for BTC, and we will follow with the trend updates if BTC can get to THE BREAK VOLUME which will be able to break BTC to up 44.5K as the chart shows.
This is not a trading advice.
Updated Targets for Polygon - MATICQuick Updated levels to watch for MATIC, now that all of our previous levels have been hit- This coin is going to dominate over the next bull run. I Recommend everyone have some in their portfolio.
Levels to watch!
Breakout Level: $1.07
Updated Target 1: $1.79
Updated Target 2: $2.18
What is Polygon (MATIC)?
Polygon, formerly known as Matic Network, stands as a pioneering and user-friendly platform designed for Ethereum scaling and infrastructure development. At its core is the Polygon SDK, a versatile and modular framework supporting the construction of various application types.
For an in-depth exploration of Polygon MATIC, refer to our detailed analysis of the project.
Through the utilization of Polygon, developers can create optimistic rollup chains, ZK rollup chains, standalone chains, or any other infrastructure required for their applications.
Effectively, Polygon transforms Ethereum into a comprehensive multi-chain system, often referred to as the Internet of Blockchains. This model closely resembles others such as Polkadot, Cosmos, and Avalanche, boasting the strengths of Ethereum's security, vibrant ecosystem, and openness.
The CRYPTOCAP:MATIC token remains a pivotal element, continuing to exist and playing an increasingly significant role in securing the system and facilitating governance.
As a Layer 2 scaling solution, Polygon (formerly Matic Network) is endorsed by major players like Binance and Coinbase. The project aims to drive widespread cryptocurrency adoption by addressing scalability challenges prevalent in numerous blockchains.
Eur/UsdHello traders!
Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1.08860). If the price manages to break the level (1.08860), then we will have a buy movement at the levels (1.09310); (1.10000) ; (1.11040). My opinion is that the pair will keep the bullish movement.
Wait to enter the trade! Be careful!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
🙏🏻🙏🏻🙏🏻
Bitcoin - two weeks before massive PUMP? Hey folks. I recently conducted an extensive market analysis and compared the current situation with past cycles from 2015 - 2017 and 2019 - 2021. You can find more details here👇.
Based on past cycles, around this phase (reaccumulation phase), Bitcoin stayed for approximately 200 days before a sharp price increase. Currently, the price has been consolidating (sideways movement) for 190 days. And perhaps in a few weeks, we might see a strong price movement.
I want to emphasize that this is just a market analysis and a possible scenario of events unfolding. We do not rely on any analysis and our expectations. I continue to follow signals of my ready-to-use Buy/Sell indicators. Every day we get closer and closer to the market's parabolic phase.
❗See related ideas below❗
Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
BTC I hope I'm horribly wrongI don't know if I can draw correctly, except that the interpretation can be different, but still, aren't we at point C and aren't we waiting for a descent? You know, I keep thinking why there are so many influencers on Instagram for crypto, for trading ? Isn't this parable going to hit us slowly? I have a feeling that we have passed the VERTEX and now it will go down nicely. Let us be surprised. But be careful with your money.
I will be very happy for all comments and suggestions, I would love to learn something new
Bitcoin: Can buyers continue the fightback?Today's focus: Bitcoin
Pattern – Continuation
Support – 27,500, 28,700
Resistance – 29,450, 30,170
• Shib launched their highly anticipated Shibarium.
• Coinbase received approval from the NFA to allow US retail clients to trade crypto futures.
• Bitcoin briefly broke below 28K on some exchanges on Thursday
Hi, and thanks for checking out today’s analysis. Today, our focus is on Bitcoin. We’ve seen a rather exciting day so far with news hitting the market that looks to have created a bit of long-needed volatility. After a fast decline that continued the last two days, Bitcoin continues to fight back from session lows.
Will we see buyers come back into the market? Do you agree that the current retracement looks a lot like the last? Could this be a sign that a new leg higher could be building? A lot will come down to if price respects the main uptrend and if it can find support before making any new deeper declines.
Have a great day and good trading.
4HR: $LINK; Sizing Up- Too Much Demand?BIST:LINK at a key inflection point where sellers are trying to push price down, however buyers seem to be soaking up the demand and I would say it is a range bound asset between these areas. I pointed out 2 times via prior history where the demand shows to be too much for bears to bring down, as buyers push for a 10% mark-up once confirmation is in.
IF BIST:LINK can confirm that these lows are in fact the bottom of the range i.e the potential double bottom, history shows that link typically swings upward of 10% once the bottom is hit and support broken/confirmed
Just my thoughts and how one would use history to size up a asset and possibly put in a position and the arguments why.
Thanks for reading
BTC IN CYCLE AND NEW BULLTREND SEEMS TO STARTBTC has been following a repeating pattern since November, forming a cycle trend. In January 2023, it completed the first cycle confirmation.
Looking at the recent price action, the cycle remains intact because BTC's overall trend is still positive, despite some fluctuations. Large investors (whales) consider both the long-term perspective and the technical price analysis, which currently indicate a positive outlook for BTC, as represented by the green trend chart.
Based on this analysis, there is a good chance that BTC could reach $32,800 in the coming time, with a possibility of even reaching $47,000 by the end of 2023.
If BTC enters a strong bulltrend, it could further confirm the continuation of this upward trend in the future. Such a bulltrend in BTC may also positively impact other cryptocurrency projects, leading to potential gains in the broader crypto market.
There is a high chance BTC is going to build a volume for the first breakout to $32800
Expecting that BTC can see more breakouts in the coming time since the technical view on the cycle is still running.
When it's the right time BTC will show more volume, the small time frame is not a confirmation of the trend, what real the main trend is of BTC now, and that it's still running in a cycle since NOV 2022.
BTC : CYCLE VIEW 2025 - $119,000Using a comprehensive analysis of BTC's historical data from all years, including its halvings, and sophisticated trend analysis techniques, as we have stumbled upon a fascinating observation in its price action. While we must acknowledge that our findings are based on data study and not a glimpse into the future, we are cautiously optimistic about the potential for BTC's growth.
Our study suggests that, with the current trajectory, BTC could potentially reach the impressive target of $119,000 sometime around the year 2025, or possibly even earlier. However, it is essential to emphasize that this remains an expectation rather than a certainty, as the future is inherently uncertain, and various unforeseen factors can influence market dynamics.
Yet, drawing from the patterns observed in previous years' data, there is a significant possibility that BTC might soon experience a formidable bull market, akin to a real whale in the financial world. Such a surge in price action could gradually propel BTC towards the mentioned target, assuming historical trends continue to play a role in shaping its trajectory.
For the short term, there is already an active cycle that started in NOV 2022 and did confirm today.
We expect with time we will see more volume on BTC.
The YEAR 2023 is a stable year where BTC has done better than all previous years in
breakdown %/ The next important target short term for BTC $32800