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Bullrun

27/11/23 Weekly outlookLast weeks high: $38451.2 Last weeks low: $37035.2 Midpoint: $35619.1 Bitcoin continues its choppy price action as the 38.5k resistance remains intact despite 4 separate attempts to break above. This type of price action has allowed other altcoins to run up double digit gains, however the microcaps and meme coins are benefiting the most in recent days and that usually spells a big move for BTC is coming soon. Consolidation under key resistance along with multiple attempts chipping away at the key level point towards a break above 38.5k soon. If this were the case I do think care would need to be taken in going long as the bulls do seem to be running out of steam as of late as investors/traders look to sell positive news instead of adding to longs, a sign of an exhausted rally. Personally I think a bull trap would be the most painful move the market could make here, a swing fail pattern taking liquidity above resistance before falling back down and giving us a healthy correction going into the new year, perhaps targeting 32.5k area. We also still have the looming ETF decision which would kickstart the real Bullrun, however I do believe should that happen there would be more FUD on the lead up to that decisions so institutional investors can get BTC at a better price. It did seem like that was the goal with the BINANCE hearing last week however the market did not react as negatively as the SEC would have hoped.
by ProR35
Uniswap - Navigating the Accumulation Phase! 🚀Hello Crypto Enthusiasts! 👋 In my view, Uniswap is currently in a prolonged accumulation phase on the larger scale. The level at $3.37 serves as our support line and a crucial level for the overarching Wave II. Upon closer inspection, let's focus on two decisive images. On the second image, we confirm that Wave (2) is validated by an A-B-C ZigZag correction. Subsequently, Wave 1 and 2 have already been formed. I anticipate that we haven't surpassed Wave 1 yet. Instead, we are likely forming a Wave iv and possibly gearing up for a leading Wave v, which will then shape Wave 3. 📊✨ Goodbye 🫡
BITFINEX:UNIUSDLong
by stromm_by_wmc
YFI Weekly Chart: Clear breakout from Resistance, aiming at 50KOn weekly chart YFI had a clear breakout from its well tested support at around 5000 range. After the bounce back from the support it went directly to 15k range within two week, this is a healthy movement. We can expect minor correct up to 10k in upcoming weeks. For long term trade we can enter around 12-14K and set our target for 20-25K range and potentially reaching 50k in the middle of the bull run. Like and share your thoughts in the comments. Follow us for more updates. Cheers GreenCrypto
Long
by GreenCryptoTrades
5
20/11/23 Weekly outlookLast weeks high: $38023.9 Last weeks low: $36284.2 Midpoint: $34544.4 Bitcoin starts the week at almost exactly where it started the previous week, just hovering above the 37k it means BTC had a net neutral price action over the last 7 days. However, midweek saw a 10% range create the highs and the lows before contesting the midpoint. After a strong rally for BTC it looks like 38k is resistance and with ETH struggling to match other altcoins in terms of %gains it leads me to believe that people have rotated their BTC profits and skipped ETH instead preferring to go to newer L1's and smaller cap coins, despite the news of BlackRock's new ETHEREUM ETF proposal. These newer projects haven't experienced a bull market before and tend to have a bigger potential return. For this reason price action leads me to believe that we're getting to the stage of the mini cycle where a lot of people are looking to reinvest the profits they've taken into BTC at lower prices but others want the run to carry on. I think longing into 38K resistance would be difficult, and the market looks to punish late longs generally. Weekly RSI is 74, daily RSI has just dropped below the overbought area after multiple bearish deviations. All TA leads to a retracement and a local high is already in, However, this is sometimes a Fundamental analysis vs Technical analysis battle where the logical answer doesn't always play out and emotions ride high. I'm looking for diagonal support to be held as well as the midpoint from last weeks range to reassure BTC's strength, consolidation under the 38k resistance would be primed to break above and target the 40k big even level.
by ProR35
NEO ; easy 700%Afternoon folks , some coins are a clue and neo is one of them , its chart is so clean and beautiful that you can literally predict the market with it . We are so close to starting the bull run , phase 6 might happen but it would never be as severe as the black swan of 2020 , we are in accumulation phase in altcoins so keep accumulating for the peak , i have got the bitcoin halvings as vertical lines in the chart and the arrow is the approximate date of the top , i go for 90-100$ each coin again which is easy 700% . Neo will be boring in the bullrun but im sure itll do fine , price is appreciated here and keep buying anywhere near supper support . DYOR , stat safe fam and show your love with the like button.
CRYPTO:NEOUSD
by mastershark
1
ETHEREUM Daily Chart Since May of this year ETH has been stuck in this mini range between 1k and 2k, despite many attempts to break above the range high, the second biggest crypto has failed to do so thus far. Looking at the range as with all ranges the midpoint is the controlling factor and a place to take action. The majority of time has been spent inside 0.5 & 1.0. Currently ETH has reclaimed the 0.75 line and now looks to attack the range high. The market has perfectly lined up for a successful attempt this time around. BTC has been on the rise but it looks like it has one more leg up before cooling off, if this is the case the standard capital cycle of profits from BTC going into ETH, then large caps, midcaps, and low caps as profits get re-invested down the chain. ETHEREUM is yet to have its run and once BTC is finished traders will look to ETH. ETH has fallen behind compared to other L1's, such as SOLANA and so I do expect a better performance as it catches up after lagging. The natural next resistance is 2770 which is the beginning of the bearish OB. However reaching that level at this stage in the bear market with so many other large caps looking more appealing could be difficult. I am still confident that ETH has more to give than we have seen in the near term.
by ProR35
🚀 Crypto Market Cap (TOTAL 2): Ready for Launch!Excitement is brewing in the crypto sphere as the Total Market Cap of cryptocurrencies (TOTAL 2) signals an imminent surge. All indicators point to a bullish rally, and the chart is painting a compelling picture of an impending breakout. Get ready for a thrilling ride as we navigate the confines of an ascending triangle, gearing up for the third and potentially most explosive retest of the upper boundary. Chart Analysis: Explosive Potential in TOTAL 2 The chart for TOTAL 2 is currently forming a bullish pattern within the confines of an ascending triangle. This pattern suggests a period of accumulation and anticipation, typically culminating in a breakout to the upside. The impending third retest of the upper boundary is a pivotal moment that could launch the total crypto market cap into unprecedented heights. Technical Indicators: Aligning for Takeoff Key technical indicators, including the series of higher lows and the formation of a well-defined ascending triangle, are aligning to create a robust bullish scenario. The repeated testing of the upper boundary serves as a buildup of potential energy, and when released, it could propel TOTAL 2 to new highs. Trading Strategy: Strategies for the Bullish Surge For traders, this imminent breakout offers unique opportunities. Positioning for a surge in the total market cap requires a keen eye on key resistance levels, confirmation of the breakout, and swift execution of trading strategies to capitalize on the bullish momentum. Conclusion: Countdown to Crypto Market Cap Eruption As we stand on the cusp of a potential breakout, the crypto community is eagerly anticipating the eruption of TOTAL 2. This ascending triangle setup, coupled with the third retest of the upper boundary, hints at a significant upward trajectory. The countdown to launch has begun, and the crypto market is poised for a thrilling ride. 🚀 TOTAL 2 Analysis | 📈 Trading Strategies | 💡 Investor Perspectives ❗See related ideas below❗ Share your thoughts, strategies, and excitement in the comments! Let's ride the crypto wave together. 💚🌐💚
CRYPTOCAP:TOTAL2Long
by Yaroslav_Krasko
13/11/23 Weekly outlookLast weeks high: $38156.9 Last weeks low: $36342.2 Midpoint: $34527.4 Bitcoin continues it's strong march towards 40k with another week of positive price action. Last week we had a bit of a flush out, mainly to liquidate some late longs and hit a few stop losses which is necessary to reset margin traders and is healthy for the market. For now I think the momentum is with altcoins as bitcoin slows down and profits rotate into ETHEREUM and other large caps alts. Then cycling down to the mid caps and smaller market cap coins. The ETH/BTC chart is worth keeping an eye on, it will give us a good indication of strength. Blackrock filed for an ETF for ETH last week too which gives investors added confidence that the BITCOIN ETF will be approved soon. Another big week ahead for the crypto market as a whole, the sentiment is generally euphoric at present, this in the past has been the downfall of people as they get greedy so it's important to take profits at times. CPI & PPI news events this week also, could see more volatile price action during these announcements especially now that more volume has returned to the market.
by ProR35
1
ETH/BTC Catch up time?ETH/BTC chart broken down into some simple key areas. We've recently had a double bottom as ETH has lost strength against Bitcoin, however for me it is clear that if the breaker block is flipped after such a strong reaction from the double bottom ETH is on its way to reclaiming strength against BTC. The next level of major resistance would be 0.0625 area. After BTC's huge move recently and other L1's like SOLANA and INJECTIVE etc ETH has had a lagging response in comparison. With profits from BTC filtering down the next obvious place would be Ethereum before some sort of mini alt-season if that's possible at this stage. Coupled with the news that Blackrock have just registered an Ethereum trust in Delaware ETH looks very strong currently.
by ProR35
1
06/11/23 Weekly outlookLast weeks high: $36088.7 Last weeks low: $35064.8 Midpoint: $34040.8 Last week price consolidated after it's considerable rally the week before, we have a mini range between 34k as support and 36k as resistance. As price has stagnated profits have trickled down the crypto ladder towards strong altcoins such as SOLANA, and more recently lower cap plays which is usually a sign that the cycle is coming to an end and that money will return to BTC, however it is difficult to say at this current moment in time if price will continue to push upwards or will we get a correction. General market sentiment seems to point towards the bull market has returned and it's up only from here. I am not so sure that is the case but the fact that we have been consolidating at this level for quite some time now without a pullback does give further evidence for that. For now I think it would be very risky, the time to be HTF bearish was all of last year. To enter shorts at this stage without solid confirmation of weakness, instead taking profits going into HTF resistance levels would make the most sense. As for the side-lined traders this is were FOMO is your biggest enemy, yes the market looks strong right now and there hasn't been any pullbacks to jump on. I'm keeping a close eye over the week for BTC dominance against altcoins, and news on the ETF's.
by ProR35
State of Bitcoin (November)A daily chart on BITCOIN is very simple to dissect, what BITCOIN will do from here is not so easy to work out. The idea is to plan for what to do at the key levels and everything else in-between is just noise that wants to take your money. How I see BTC is what you see in the chart: - The immediate attention is drawn to the ascending triangle BTC currently finds itself in, these patterns can be bullish or bearish depending on the direction of the breakout. the trend is currently bullish and that plays a factor in the outcome. - What was previously a bearish OB at the 32k level has been flipped but not retested for support yet, if the ascending triangle fails or bulls run out of momentum the most likely plan would be to drop to that level. - The next bearish OB is sat 22% higher than that 32k level at ~38k, before that there really isn't much resistance. - In the longer term, a matter of months I think the best possible buy zone is the FVG at 19-20k area. That would be a no brainer buy and hold for the next several years. We've seen a deviation below that area and the reclaim is what started this rally. I would estimate that this is the absolute floor for BTC now, especially when the ETF's are approved and the halving comes into play. - If this FVG isn't filled the next best place is the S/R level at 25k but as we can see on the chart, the third time testing an area it usually gives way so for me 25k doesn't look like it would hold another retest. I do think max pain would be just keep squeezing higher while everyone is waiting for one more dip, I myself would like one more dip but every eventuality must be planned for.
BINANCE:BTCUSD
by ProR35
FTM Major Breakout or Rejection Incoming?!?Lets take a look at this beautiful confluence on FTM. A confluence this clean from major pivot highs do not come around often and what I can say is that the smart thing to do at these levels would be to enter a short position with stop above the wick high. Some people might trade this as a potential breakout, with a stop loss 1% to 2% below entry while managing your position size isn't a terrible idea but the most probable outcome is for price to reject a little from here. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
INJ High time frameIn the lead up to the next bullrun now is a good time to research into strong projects that will look to out-perform BTC over the duration of the cycle. L1's are a large part of the cryptocurrency market with ETHEREUM being the leading L1 altcoin, a coin with a market cap of ~220B, due to diminishing returns with every cycle investing in projects that have yet to grow to this level offer a higher ceiling for potential gains. One of those L1's is INJECTIVE, an L1 that currently sits at approximately half its ATH set in May of 2021. A POS blockchain "built for finance" based on the COSMOS SDK able to facilitate cross chain transactions with other major L1's. Looking at competing L1's like SOLANA where it has an ATH of $260, an almost 8x from current price. This naturally brings on more sell side pressure as people that are still underwater from the previous cycle and are inclined to sell at break even as soon as price reaches that level. This will be the case all the way up to all time high. However, for INJ once it breaks it's previous ATH there is no sell side pressure as everybody is in profit every time a new ATH is made. This then snowballs into brand new territory, retail likes to FOMO in and smart money takes their profits. When looking at the last bullrun, CORDANO reached a total market cap of ~110B, if INJ was to do the same it would mean a price of $1100/INJ. Not saying this is going to happen but stranger things have happened. Very exciting prospect and definitely a project I am anticipating to be one of the best performing in 2024-2025.
by ProR35