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DOGE Massive Move Incoming? Pump To 2$!Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider. In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the previous two bull-cycles, DOGE saw a +9,000% and a +30,000% between 38 and 34 months AFTER the previous top. In February, where we can argue that DOGE's bull-cycle has started, we were at 33 months after the previous cycle top. Close enough! If DOGE increases by a fraction of what it did in the previous two cycles, we can very easily argue that a 1$ or even a 2$ value per token is not too far-fetched. Are you bullish on DOGE? Share your thoughts.
CRYPTO:DOGEUSDLong
by FieryTrading
3
BTC at the bottom of week range!Bitcoin hit the bottom of the range ✅ Alarm was right pointing for range bottom at ~58k, as BTC dipped to 58414 on that move. Now the main question - is it over? Shortly - if you are a respected TA, you can't say so yet. Why? Because week candle is only developing, so we won't have any clarity till next week close at least. Day candle shown nice bearish impulse with long tail, which can be taken as a first step of a bounce pattern, but to confirm it we'll need another 1-2 Day candle to close. Which brings us back to the idea, that this week it's all about guessing, but no mindful conclusions. Week close above ~60622-59600 will increase chances for a bounce from range bottom. Close below will keep momentum to dip lower. That is the only thing we can say now for sure. Nearest liquidity pools: above - 61840 / 62440 / 63260 / 64920 below - 60235 / 59820 / 59460 / 58040 Lines on the chart: 🔸67577 - May close 🔸63195 - week open 🔸60651 - April close 🔸59112 - March low 🔸56537 - May low 🔸53245 - Nov'21 low Trend: D 🔽 W 🔼 M 🔼 🤑 F&G: 30 < 51 < 53 < 63 < 64
COINBASE:BTCUSD
by WiseAnalyze
To the $60K area would be better..It would be good if there was a fakeout to the $60K area on the falling wedge to trap traders and then pump strongly, if the $60K area is not strong then it will go to $56K again. 𝘪𝘧 𝘵𝘩𝘢𝘵 𝘥𝘰𝘦𝘴𝘯'𝘵 𝘩𝘢𝘱𝘱𝘦𝘯 𝘮𝘢𝘺𝘣𝘦 𝘵𝘩𝘦 𝘱𝘳𝘪𝘤𝘦 𝘰𝘧 $63𝘬 𝘢𝘳𝘦𝘢 𝘪𝘴 𝘵𝘩𝘦 𝘴𝘵𝘳𝘰𝘯𝘨𝘦𝘴𝘵 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘢𝘯𝘥 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘩𝘦 𝘱𝘶𝘮𝘱 𝘢𝘨𝘢𝘪𝘯. '_'
Short
by NetScript
1
BTC UPDATE HEADING TO 59.6k minimum?!bitcoin is in a downtrend and the daily chart shows some interesting developments. we have 2 fair value gaps one at 64.5k - 63.1k which lines up with my wave 3 target which is the 1.618 level of wave 1 measured from top of wave 2. We have another fair value gap at 62.5 that extends down to 59.6k which is significant and will probably be filled. this would be my wave 5 target. If the bulls cannot hold the 59.6 level we will drop to 54.5 fast as there is another fair value gap there. good luck to the perma bulls honestly i dont think we are going to be seeing a new ath before we see 56.8-52.1k Let me know what you think, i finally became a profitable trader and so i feel confident enough to share my analysis as I am new to posting. i would love to hear what you think.
COINBASE:BTCUSDShort
by member_berry
1
Bitcoin: Moment Of Truth For Bulls! Inverse Head & ShoulderTwo weeks ago I made an analysis where I discussed a potential short-term bearish view on Bitcoin's price, see below. I argued that if I were a bull, I'd wait for either a new all-time high break out or a sizeable correction before stepping in the market again. As seen on the chart, my purple support line is holding (for now!). A reversal from this area would make it a perfect inverse head & shoulders pattern, which is a bullish reversal pattern. To strengthen my short-term bullish view, Bitcoin's daily RSI has hit oversold for the first time since August 2023, 10 months ago! Patient bulls have been waiting for a long time for the RSI to hit oversold again on the daily. Whether it will be enough remains to be seen. However, I can clearly see that there's a great bullish short-term opportunity here. See signal on the chart. Be aware, it's a risky trade.
Long
by FieryTrading
18
Elliot Wave 3-4 : FINAL Correction before NEW ATHI've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH: This lines up with my initial correction target using Elliot Wave Theory: We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction: HOWEVER - I expect the bulls to be ready and sweep in lower prices when the right support zone is reach (whale zone), which seems likely to be in the 40k zone. It won't be a straight line down - again, a multi-month playout is likely. _______________________________ CRYPTOCAP:TOTAL BINANCE:BTCUSDT
CRYPTOCAP:TOTALShort
by CryptoCheck-
BTC - Daily TR phaseIn the daily timeframe, Bitcoin is navigating within a defined trading range, characterized by a descending channel with a gentle slope. This pattern suggests a period of consolidation following the substantial bullish momentum observed earlier in the year. The channel's boundaries are formed by resistance around the $73,000 level and support near $60,000. The gradual decline of the channel reflects a controlled correction rather than a sharp drop, which can often indicate a healthier retracement phase within a larger bullish trend. Observing recent price action, Bitcoin has encountered resistance twice within this descending channel, failing to break through the $72,000 zone. Each attempt has resulted in a pullback, highlighting the strength of the resistance level. The current price action suggests a possible decline towards the support zone at the lower boundary of the channel. Despite these pullbacks, there is a possibility that Bitcoin may find support above the lower end of the channel, potentially around $60,000 to $62,000. This would reflect buyers stepping in at higher levels, indicating underlying bullish sentiment even within the corrective phase. The behavior within this channel is critical for anticipating the next move. If Bitcoin finds support higher than the channel's bottom, it could set up for a bullish breakout in the future, targeting a move back towards and potentially above the resistance zone. Conversely, a failure to hold these higher support levels might lead to a test of the channel's lower boundary, necessitating a closer watch on the $60,000 support area for potential buying opportunities. Overall, the descending channel should be monitored for signs of consolidation, accumulation, and possible reversal, which could provide clues to the next major move for Bitcoin.
by Sober_Trading
4
(BTC) Bitcoin "moose antler"Bitcoin looking like a moose out in there in the wild. Looks to be sum while before the solid is underneath the stepline with breaks which would signal a coming difference in price for positive remainders. Bitcoin is of course like no other crypto. The points at which the two lines cross paths means the price is falling or rising in the near future. As you can see the lines are not very close. It's like an advanced variation on bollinger bands without being bollinger bands. custom. The days are numbered, the solstice has arrived and gone--down the creek without a paddle--, and the evenings are only losing sunlight, yet the summer is only just beginning.
BITSTAMP:BTCUSD
by CryptocurrencyBlot