Key Developments: BTC has broken through the major resistance zone at $60K. Strong buyer demand is expected to continue, especially after the rate cuts decision. Altcoin Strength: While Bitcoin Dominance (BTC.D) is rolling over, altcoins are showing renewed strength, suggesting a broader market rally. Market Outlook: The breakout signals potential continued...
Market Context: FTM is attempting to retest the critical $0.61 level, displaying strong relative strength in the market. This is an opportunity to bid on that strength. Trade Setup: Entry: Long spot position at $0.61. Take Profit: First target: $0.68 Second target: $0.75 Stop Loss: $0.57 📊 This setup focuses on capitalizing on FTM's strength with well-defined...
We’re seeing a major downtrend line forming since July 29th. A breakout from this trendline could trigger a solid price pump. There are also reversion zones overhead that might get filled during the breakout. Reversion zones: 1st zone: 59.328 2nd zone: 61.624 👀 Reversion Zone is an area on the chart where the price often returns after deviating. Some...
BINANCE:BTCUSDT Bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. and the most important resistance for Btc is currently 61k if the price breaks this resistance, Bitcoin can reach the top of the megaphone. Analysis Summary: Current Situation: Bitcoin is struggling to...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to triangle, where it at once started to decline from the resistance line and soon fell below the 61200 level, breaking it. Then the price dropped more and broke the 53300 level, reaching the support line of the triangle, after...
Morning folks, So, 57.40 K-support worked well, together with our H&S pattern in a whole. Fed decision should have moderately positive effect on BTC. Technically, bullish context also holds. Now 57.40 area is becoming our invalidation point. Next upside target stands around 65-65.5K top, based on our H&S pattern. For next long position, 60-60.5K support looks...
This analysis is an update of the analysis you see in the "Related Ideas" section It looks like the symmetrical is over and we are in a new pattern or wave X We specified the main supply on the chart. We are looking for sell/short positions in this range. Closing a daily candle above the invalidation level will violate the analysis For risk management, please...
From where we put the red arrow on the chart, it looks like a symmetrical (corrective) pattern is formed on the chart. According to the waves, it seems that we are in the last wave of this symmetry (wave i). We expect an upward price rejection from the green range. Most likely, this bullish movement will be an x wave, which means that it will not be a...
CRYPTOCAP:BTC #BTC broke out of $62,629, testing $62,580, breakout retest pending, haven't yet established new support and currently struggling at $61,953-$62,580. Beautiful follow up to bullish engulfing on previous 1D close, needs to establish a strong support at $62,580-$63,544 to avoid fakeout.
In the local setup, I see a good opportunity for execution, with a risk/reward ratio of 1 to 5, which is very favorable. However, the risks here are quite high, so I will enter with a small portion. Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is...
Overview: Thank you, mighty Lord Jerome, for the pump! The Fed under-promised but over-delivered with a full 2 basis point rate cut. Looking at the 15-minute BINANCE:BTCUSD chart, when the decision was announced, the price spiked by just 1.7% before correcting. However, at 7 a.m. Shanghai time, four hours later, the price started to pump and has now broken the...
Good news on RATE CUT usually draws many attention to temporary pump. It's an opportunity that come and go every quarterly. Price shot up to 0.618 level must be observed carefully. And here are the 4H chart and 12H chart for download and reference: 4H: 12H:
Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- For those who don't want to read a long explanation, I'll tell you the conclusion first. The actual chart analysis is as follows. - Current volatility period: September 9-29 - Next volatility...
Ftm had a strong and kind of unexpected drop but by doing so creating more strength in the bottom pattern as seen on the chart, still looking for 2 dollar region!
I have picked a BTC long with the FVG and OB formed before the FOMC for a quick trade targeting $61150 which got ended up well by clearing the targets.
The day has arrived!! Today is predicted to be the first rate cut by the FED since the COVID crash of March 2020! Two years after that in March 2022 the FED begun rate hikes in an attempt to stop the rising inflation. Now that inflation is close to the FEDs target of 2% it's time to stimulate the economy with cheaper borrowing. The big question is, 25bps or...
Market Context: RNDR has been consolidating in a key area of support, providing a good opportunity to enter a long spot position. Trade Setup: Entry: Ladder into a long spot position in the $4.20 - $5.00 support zone. Take Profit: First target: $5.90 - $7.05 Second target: $9.80 - $11.00 Stop Loss: Just below $3.90 📊 This setup takes advantage of the support...
Market Context: LINK has been consolidating at support for the last six weeks, and this provides an opportunity to ladder into a long spot position with a favorable risk-reward ratio. Trade Setup: Entry: Enter a long spot position around $10.20. Take Profit: First target: $12.00 - $13.00 Second target: $16.00 - $17.00 Stop Loss: Just below $9.30 📊 This setup...