ADA's PERFECT Entry Is Here! To The Moon And BeyondIf you've followed my analyses for a while, you must recognize this chart. I've been looking at ADA's long-term bullish channel for almost a year at this point. Check my previous analysis below.
And today, our (potentially) entry of a lifetime has been hit! Assuming that ADA will keep trading within this channel, the entry is a no-brainer.
As some other investors rightfully pointed out, a 25$ target requires a massive move which is not the most likely scenario (hence the huge risk-reward). For more defensive traders, I've added a new trade with a target at 3$.
Happy to hear your thoughts
Btc-bitcoin
BTC at HTF range middle 📉 Bitcoin Daily 📈
Bitcoin closed week at 66653. That was above higher timeframe range middle and above developing quarter VWAP. Can't say this price action looks bullish, but at least it hasn't yet completely wiped out all the bulls. In short term perspectives there is still a chance for a bounce to May close this week.
Higher timeframe picture and conditions remain the same. Acceptance below 66k will lead to BTC drop down to 63-64k and possible dips down to 59k (HTF range bottom). Last week close gives me bearish vibes - even if this week close above range middle chances to see those dips are close to "guaranteed".
Nearest liquidity pools:
above - 67260 / 67720 / 69195 / 70290
below - 65675 / 64885 / 64220 / 63080
Lines on the chart:
🔸72132 - May high
🔸71363 - March close
🔸69667 - week close
🔸68540 - week close (May)
🔸67577 - May close
🔸66653 - week close
🔸64025 - last April week close
Trend: D ▶️ W 🔼 M 🔼
🤑 F&G: 71 < 71 < 74 < 74 < 70
$BTC Bitcoin Update: Head and Shoulder Pattern!CRYPTOCAP:BTC Bitcoin price is forming an inverse head and shoulder pattern!
Current Price: $69800
Major neckline resistance around $71,500
More precisely between 71500 - 73000
If $Bitcoin is going to move to higher prices then price action needs to break neckline resistance to make for price discovery up to 84k. Up resistances: 76400, 79200, 82200, 84600. This will cause altcoins to rally for higher prices.
Else if #Btc continues to reject $71500, then expect retest of previous supports at 67000, & 64300. Consequently altcoins will further lose in value.
$BTC retested and caught a cold, likely will sell off moreCRYPTOCAP:BTC retested the all time high & then sold off, as expected.
The 2nd phase is the more important one and it is right around the corner. In a previous post we mentioned 3 and 6 months from ATH was a pivot point.
#BTC will likely keep selling off until it reaches major support & that area is a is do or die time, represented by cyan arrows.
#Bitcoin Money flow is not very good & the RSI is still sinking.
Bitcoin has reached the critical weekly supportBitcoin has reached the critical weekly support area around $64,000. This zone is highly sensitive. Despite the price decline, we've seen an increase in Bitcoin's dominance and a decrease in altcoin dominance. Maintaining the weekly support is crucial for overall market stability and potential upward reversal.
Therefore, this level must hold to keep the chance of an upward move alive and prevent a more severe market downturn. We expect the key weekly support between $64,000 and $66,000 to hold, leading to a potential upward move for Bitcoin. The current resistance level to watch is $68,300.
(Supply and demand continue to interact at $65,000 level.
Despite the historical confluence between strong market momentum and an expansion of active addresses and transaction counts per day, a deviation in this trend is currently underway. The present monthly average transaction count stands at 617,000 transactions per day, which is 31% above the yearly average. This indicates a relatively high demand for Bitcoin blockspace.)
OP Parallel Channel Bounce For Huge GainsOP has been trading inside this bullish channel for around 2 years at this point. With OP (and the majority of alts) falling over the last few weeks patient bulls are again in luck.
I'm looking at a relatively safe trade from the bottom support, with a stop below the previous long-term swing low. Target at 7$.
Roundtrips are part of speculation. #HEX could go back to 1 SatThis is Hex, on ethereum, in it's entriety.
This is not a prediction.
As in, I Believe this will happen, with massive conviction.
But do I believe, it has a chance, of occurring?
Absolutely!
Richard pre loaded the HEX launch with 25 thousand followers.
And hours of streaming on youtube.
5 thousand got into HEX around the launch.
There are literally thousands of people, who are still MASSIVELY in profit versus #Bitcoin.
This is not a strong base for an altcoin like HEX, to go on a Bull Run.
The long term staking has in my opinion not allowed a proper capitulation / abandonment of the coins.
Imagine #Bitcoin goes on to do a 3X to it's top.
1 satoshi would be $0.00145
Now do you believe?
Bitcoin is Ready to Attack the Heavy Support zone!!!Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) .
I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) .
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SFPUSDT → Waiting for a bullish RALLY from 0.8650BINANCE:SFPUSDT shows a beautiful bullish picture. An interesting coin that has been accumulating potential for two years and currently shows bullish prerequisites for a possible growth or even a rally.
The coin continues to push towards 0.8137, a liquidity area that plays a key role in the market. Consolidation continues, but based on the overall situation, the denouement is close enough. It is worth paying attention to the resistance of the ascending triangle on the daily timeframe: 0.8630 - 0.8650. Breakout and consolidation of the price above the key figure can become the reason for activation of the phase of realization of the accumulated potential, which can give us the growth to 1.10, 1.32, or 3.1.
Support levels: 0.8137, 0.7500
Resistance levels: 0.8629, 1.0, 1.3238
The movement is slow, lagging behind the entire cryptocurrency market, but shows interesting prerequisites for a possible bullish momentum. Targets are indicated on the chart
Regards R. Linda!
TON → The bulls are almost ready. Breakout 7.23, rally ...OKX:TONUSDT is starting to show bullish potential. This is quite interesting for us, because, in general, the coin's potential is huge. BTC momentum could push the coin to rally.
The bulls have held the defense above 5.985, forming an intermediate bottom. In the current range, the 6.45 - 6.65 area, where the maximum number of coins have been traded (bought), is a zone of interest for the big player and he will try to defend it. The range of market accumulation is 7.23 - 6.23. Until the price leaves this range, the market will be flat.
It is worth paying attention to the local descending resistance. There is an attempt to break through it and the price may strengthen to 7.23. The whole emphasis is on this area. A correction or pre-breakout consolidation may form before the breakout.
Resistance levels: 7.23, 7.67
Support levels: 6.7, 6.23
I am waiting for the retest of 7.23. It is interesting to see the reaction from which it will be possible to form further strategy (pullback or breakout). The probability of a breakout is increasing on the background of a strong bitcoin.
Regards R. Linda!
An upward legBINANCE:BTCUSDT Bitcoin is currently experiencing a pullback to the $65,000 range, a key support area. Following this correction, it is expected to initiate an upward leg targeting $68,000 and $70,000. This bullish outlook remains valid as long as the support level at $64,800 holds.
The market is really unleashing its venom!
It's clearly hitting stop losses and liquidations, and the crypto space is at its most ruthless right now. Make sure to set stoplosses on your trades.
This analysis is for informational purposes only and should not be considered as a trading signal.
Bitcoin Roadmap==>>FallingBitcoin is breaking the Important Support line .
According to Elliott's wave theory , Bitcoin seems to be completing wave 4 .
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ) and attack the Support zone($65,730_$64,240) .
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITCOIN Underlying trend-line coming into play.Bitcoin (BTCUSD) has been holding so far the 1D MA50 (blue trend-line) as Support, which was the primary objective, closing all 1D candles since Friday above it, but now an underlying trend-line is coming to center stage as it got tested also on Friday successfully.
That is the Lower Highs trend-line that started on the March 13 High and rejected BTC on Lower Highs initially, before transitioning to a Lower Lows Support on May 23. If that holds, the chances of a rebound towards the Resistance Zone, are amplified greatly. Practically, as long as the 1D MA50 holds, a bullish signal will emerge when the price breaks above the 4H MA50 (red trend-line), in which case we have a target at 72000 (bottom of Resistance Zone).
If on the other hand BTC closes a 1D candle below the underlying trend-line, prepare for 61000 (top of Support Zone) and potentially a long-term bottom formation on the 1D MA200 (orange trend-line).
Notice that on the previous Bearish Leg (April 08 - May 01) of this 3-month consolidation structure, the price remained bearish as long as it stayed below the 1D MA50. The 4H MA50 never broke to the upside while the price was above the 1D MA50. That is why it will be a bullish signal if it breaks while BTC is above the 1D MA50.
But what do you think will happen next on the short-term? Will we see 72k or 61k first? Feel free to let us know in the comments section below!
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BTC/USD Poised for Bullish Momentum Amid ConsolidationBTC/USD Daily Chart Analysis
Trend Analysis:
- The daily chart shows an overall bullish trend with higher highs and higher lows since late last year.
- Recently, the price has been experiencing consolidation with some volatility but remains above key support levels.
Support and Resistance Levels:
- Immediate Support Level: 65,000, which could act as a strong support if the price pulls back.
- Next Support Level: 62,400, a significant support level that has been tested previously.
- Immediate Resistance Level: 70,000, which could act as a barrier to upward movement.
- Next Resistance Level: 73,800, a key resistance level that aligns with recent highs.
Technical Indicators:
- The recent price action and candlestick patterns suggest consolidation within a bullish context.
- The overall momentum remains positive, indicating potential for continued upward movement.
Direction Preference:
Given the current bullish trend and the higher time frame, the preferred direction for BTC/USD in the short to medium term is bullish. The price is likely to continue moving higher towards the resistance levels of 70,000 and potentially 73,800.
Key levels to watch:
- Pivot Price: 66120
- Resistance: 70000, 73810, 76500
- Support: 64900, 62400, 59940
Conclusion:
The BTC/USD daily chart indicates a bullish trend with continued upward momentum. It is advisable to consider long positions, targeting the resistance levels at 70,000 and 75,000. Monitor for any signs of consolidation or pullback, but as of now, the bullish trend remains the preferred direction for today and the near future.
#202425 - a weekly price action market recap and outlook - btcGood Evening and I hope you are well.
bitcoin
Quote from last week:
bear case: Bears are doing the minimum required and rejecting bulls above 70000/71000. So they keep selling the highs but their current follow through is just not there. Last time we were above 70000 in March, market tried 3 times to stay above 70000 before breaking down to 56537. If bears do not break below the small bull trend line and the daily ema soon, I don’t think they will prevent the bulls from getting a new ath. If they get a big bear breakout below 68000, we could see bulls finally giving up and we could be in a W1 of the new bigger bear trend down to 50000 or lower. My preferred short term path is the red ABC correction.
comment: Currently my favorite market to trade and comment on because I’m hittin dem swings big time. And because btc permabullz are entertaining and salty af. Market is clearly trading down again and they shout from the rooftops that we will print 80/100k soon. In all seriousness. Clear trading range 65000 - 72000. Currently in a smaller down trend probably to touch the bull trend line around 65000 and then maybe back up to test the upper triangle trend line around 67000 again. Bear channel and triangle, both patterns are in play currently. 66000 continues to be big support so it will take something to break through. If we do break below, 61000 is next.
current market cycle: trading range
key levels: 66000 - 69000 small range / 56000 - 74000 (big range)
bull case: Bulls failed at the spike on Wednesday and that’s bad for them. What’s good was the fact that they produced tails below all daily bars and stayed above 66000. The pattern shows 3 clear pushes down and the third could not touch either the bull trend line or the lower bear channel line. Bulls want a reversal anyhow and their first target is the daily ema around 67700 which is also close enough to the upper bear channel line.
Invalidation is below 64000.
bear case: Bear targets are not met until they touch the bear channel or the bull trend line. So do we get a pullback to ema here or another push down before a pullback? I have absolutely no idea and neither does anyone else on twitter. So wait, look for signs of strength or weakness and ride the wave when it comes up. Right now bears need to break below 65000 again for lower prices. And yes, bears are in control as long as that bear channel is alive.
Invalidation is above 69000.
short term: If bulls break above 67000 that would be a breakout above two consecutive inside bars and that’s a but I do think everything below daily 20ema is bearish. So I’m neutral and look for shorts against the ema or on strong selling.
medium-long term: Down to 50000 (could take 3-6 months). Longer term than that time frame, I don’t know. Could also drop to 30000 again but let’s make 40000 first and see how many want to buy there. —Adjusted 40000 to 50000 and 40000 to 30000 because we are staying so long up here above 60000.
current swing trade: None
chart update: Pullback was too high for a clear wave series so it’s more a trading range trending down. So update the bearish two-legged correction and added a bullish pullback to the ema before a stronger push down to 60000/61000.
NOT ▵ → Is a rally possible now? Why is 0.020 so important?BINANCE:NOTUSDT breaks the resistance of the descending wedge (bullish set-up) and forms consolidation inside the range 0.0169 - 0.0199. A retest of support or the previously broken pattern boundary before rising is possible.
NOT under dump, after a strong rally, has eliminated some traders and may strengthen at the moment after the bulls hold the defense above key support and liquidity zones. The coin is in a consolidation stage after exiting the descending range. The market's transition to the stage of active strengthening and growth may be a breakout and consolidation of the price above 0.0188 - 0.0199. The potential of the coin both technically and fundamentally is quite tempting, but everything depends on the bulls.
Resistance levels: 0.0188, 0.0199, 0.023
Support levels: 0.0169, 0.0153
Since the price is inside the range, for an active price action the price must overcome one of the boundaries, the most likely scenario is a retest of the support (false breakdown) before further growth.
Regards R. Linda!
ALTSEASON = A MONTHLY CLOSE above the previous ALL TIME HIGH...for Bitcoin
This is what has set off a general Altcoin season based on the previous two cycles.
We have not done that yet!
We might do it, this month.. and it seems likely
We wait till Sunday at midnight to see if it does.
However don't get too excited because we are running ahead of schedule.
And notice BTC dominance drops only for a few months before we start distributing out
when everyone is partying after waiting for 3.5 years holding their shit coins
Than the party basically comes to an end.
Basically Q4 2024 this crypto cycle is likely over and done with.
And you should have converted a good portion of your chips into #stablecoins.
best of luck
BITCOIN - Price can continue to decline in channel to $61100Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price declined to support level, which coincided with support area, and even broke it and fell lower.
Then price started to grow inside rising channel, where BTC soon broke $61100 level again and then made retest.
Price rose to resistance level, which coincided with resistance area, but at once made correction movement.
Next, BTC reached $71300 level one more time, made fake breakout of it, and then started to decline in falling channel.
Also now, price continues to decline inside this channel and I think Bitcoin can reach resistance line.
After this, price can bounce and continue to decline in falling channel to $61100 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
WLD Extremely Oversold: Bounce Idea!Just like most alts, WLD has been selling off over the last weeks. However, we're now trading at an RSI of around 26 points on the daily chart, which implies strong oversold conditions.
This analysis is based on the idea that WLD will bounce in the near future. I keep the target relatively close because the longer-term trend is still bearish.
Natural Gas, Bitcoin & QQQ : Whats the next trade?Natural GAs has had a nice pullback over the last few days.
Are we going to see this correction go deeper than the last pullback?
Potentially we are observing a failed breakout on the daily chart.
Bitcoin: has triggered bearish formations on the hourly chart.
Sitting right at intermediate support, BTC needs to hold the 50MA or run the risk of flushing lower.
BTC is still chopping in a sideways range that favors lower price action until we break the neckline.
QQQ / Nasdaq : In the strongest uptrend. This looks likely to push a bit higher but its nearing major resistance in a very extended move.
HelenP. I Bitcoin will fall to trend line and then bounce upHi folks today I'm prepared for you Bitcoin analytics. Some days ago price rose to resistance level, which coincided with the resistance zone, but at once rebounded and made little correction, after which made impulse up. Bitcoin broke the 69800 level and later reached the trend line, after which the price started to decline and soon fell lower than the resistance level, breaking it again. Next, the price some time traded close near the 69800 level and even broke the trend line, but in a short time later, it turned around and made an impulse down to the support level, breaking the trend line one more time. After this movement BTC rebounded from the support level and rose back to the resistance level, breaking the trend line one more time, and then fell to this line and continued to decline near it. Also recently price fell lower than the trend line and the 66000 level, which coincided with the support zone, but at once rebounded, and just now price trades near the support level. So, for this reason, I expect that BTCUSDT will decline to the trend line first and then rebound up. Therefore I set my goal at 68200 points. If you like my analytics you may support me with your like/comment ❤️
Tesla at a Crossroads: Slowing Growth But High Future HopesTesla, the world's leading electric vehicle manufacturer, is presenting a mixed picture to investors. While the company is still experiencing revenue growth, profitability remains a challenge, and the stock price has dipped significantly in the past year.
Growth on Autopilot?
Tesla's revenue has grown 10.12% year-over-year, reaching $94.75 billion over the trailing twelve months. However, this growth has slowed down compared to historical levels.
Earnings in the Red
A major concern for investors is Tesla's current lack of profitability. The company reported a negative EPS (earnings per share) of -$22.67 over the past year. Despite a positive gross margin of 17.78%, high operating expenses seem to be eating into their revenue.
Is the Stock Overvalued?
Tesla's P/E ratio (price-to-earnings ratio) sits at a high 45.49. This suggests the stock might be overvalued based on current earnings. However, the forward P/E of 54.06 hints that investors are anticipating significant future growth.
Other Signs to Consider
The analyst recommendation for Tesla is currently a cautious 2.62, leaning towards a "Hold" position. The high beta of 2.31 indicates the stock is more volatile than the overall market. Short interest, at 3.65%, suggests some investors are betting on a decline in the stock price.
A Look Ahead
Tesla's future hinges on its ability to improve profitability. Can the company achieve consistent earnings and justify its current valuation? Maintaining its historical growth rates and navigating competition from other EV manufacturers will also be crucial factors.
Overall, Tesla remains an intriguing but risky investment. Investors should carefully consider the company's financial health, future prospects, and their own risk tolerance before making any decisions.
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This content has been automatically generated by an AI system and should be used for entertainment purposes only. It should not be used for any other purpose, such as making financial decisions. The information provided may contain errors, inconsistencies, or outdated information. It is provided as-is without any warranties or guarantees of accuracy. We disclaim any liability for damages or losses resulting from the use or reliance on this content.