SUI/USDT 1D SUI has been one of the better performing L1's and altcoins in general in the last 6 months that BTC has been chopping/ranging.
There are a few key points on the SUI chart that catch my eye:
- 1D 200EMA is now flipped bullish with a strong reaction after flipping the level, this shows buyers are confident in the project and happier to buy at higher levels, instead of waiting for a pullback for example.
- Clear Higher high and higher low structure indicating a bullish trend on the daily. Invalidations are more obvious when a structure like this is broken.
- Plenty of room to grow going into Q4, the range is clearly mapped out with key Orderblock levels that will more than likely be resistance levels and so they are the targets to take profits, hedge or de-risk while assessing where SUI will go.
With this being SUI's first Bullrun history shows the newer projects do better off in terms of ROI that's if they survive, from what we have seen so far this cycle I believe SUI will be a strong project going forward.
Bullrun
Blast breakout, retest needed before 220% targetAnalysis:
BLAST has broken out of the wedge, which suggests a potential rally. Post-breakout, we often see a retest of the upper boundary of the wedge, which could offer a strong confirmation of the breakout. After the retest, price is expected to rally back towards the top of the pattern.
Entry Point:
DCA (Dollar-Cost Averaging) Entry Zone: Marked around $0.01012, this was an optimal entry point for traders looking to go long as the breakout began. It allowed traders to accumulate gradually as the price confirmed the wedge breakout.
Take Profit Levels:
Take Profit 1: Set at $0.01942, offering a 150% gain from the wedge breakout. This is the first major target, where traders could consider taking partial profits.
Take Profit 2: Positioned at $0.02469, representing a 220% gain from the wedge breakout. This level aligns with further resistance and could act as a final target for this trade.
Conclusion:
The chart suggests a strong bullish move following the breakout of the descending wedge. Targets of 150% and 220% gains are set, with a potential retest of the wedge boundary before a further rally. For those who missed the initial entry, keeping an eye on the retest for a new entry opportunity is crucial.
BITCOIN VS U.S. DOLLAR! BULL RUN??Hey everyone!
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Understanding the Inverse Correlation
As you correctly noted, Bitcoin (BTC) and the US Dollar Index (DXY) often exhibit an inverse relationship. When DXY weakens, BTC tends to appreciate, and vice versa.
Analyzing Recent Trends
DXY Breakdown: DXY is currently showing signs of a bearish breakdown from a symmetrical triangle on the weekly timeframe. This suggests potential further weakness in the US Dollar.
BTC Bull Flag: Bitcoin is forming a bullish flag pattern on the weekly timeframe, indicating potential upward momentum.
Potential Outlook
The combined analysis of both DXY and BTC suggests a favorable environment for Bitcoin. A breakout from the bullish flag, coupled with a weakening US Dollar, could lead to significant gains in the coming months.
What are your thoughts on BTC's and the U.S. Dollar Index's current price action? Do you see a bullish pattern in BTC? Share your analysis in the comments below!
Pepe to hit new ATH this cycle with 350% gainThe chart displays a strong technical setup for PEPE (PEPE/USDT), featuring a Symmetrical Triangle formation alongside a repeating fractal pattern with hidden divergences in the RSI. Below is a detailed breakdown of the key elements and potential price targets:
1. Fractal Pattern & Hidden Divergence
• A fractal pattern earlier in the chart preceded a sharp price increase, reflecting the asset’s parabolic movement during prior bullish cycles.
• The hidden divergence seen in the RSI during that time indicated bullish momentum, with price making higher lows while the RSI formed lower lows. This was a strong precursor to the price rally, reinforcing the validity of the current fractal setup.
2. Symmetrical Triangle Formation
• The chart shows a symmetrical triangle, a classic consolidation pattern that usually results in a breakout.
• The price is currently coiling within the triangle, tightening toward the apex, signaling a potential breakout. If the breakout occurs, a substantial price movement could follow, likely to the upside due to the bullish divergences.
3. Hidden Divergence (Again)
• The RSI reveals another hidden bullish divergence, where price maintains its lows while momentum picks up. This suggests a strengthening trend that could push the price higher once the triangle resolves.
4. Fibonacci Extensions & Price Targets
• Key Fibonacci levels provide potential price targets for a breakout:
• 1.272 Fib at 220%: This is the immediate breakout target, around $0.000002485587, offering a solid potential upside.
• 1.618 Fib at 350%: This level, near $0.0000035396068, aligns with the prior fractal price peak.
• All-Time High (ATH): The ultimate bullish target is around $0.0000018024355, which could be tested in the event of a sustained breakout.
5. Price Projections
• Short-Term Outlook: PEPE is currently consolidating within the triangle. If it breaks to the upside, the immediate target would be around $0.0000018024355, which represents a 133% gain from the current price and aligns with the previous all-time high (ATH).
• Medium-Term Outlook: After reaching the ATH, the next significant target would be the 1.272 Fib extension at $0.000002485587 (220% gain). This level is crucial as it often acts as a point of resistance during breakouts and can determine the sustainability of further upward momentum.
• Long-Term Outlook: In the case of a major breakout, we could see PEPE pushing towards the 1.618 Fib extension at $0.0000035396068 (350% gain). This would mark a significant new all-time high and represents the full potential of this technical setup, especially if market conditions remain favorable for continued bullish action.
Conclusion
The combination of the Symmetrical Triangle pattern, hidden RSI divergence, and repeating fractals creates a high-probability bullish scenario for PEPE. The breakout targets include $0.0000018024355 (previous ATH), $0.000002485587 (220% extension), and $0.0000035396068 (350% extension). Watching for volume confirmation and market sentiment will be crucial to validating the breakout.
BITCOIN $94K to $145K !!🌱 BTC exit plan strategy - Currently in larger degree of Wave 5, which is the shortest dated and most aggressive wave up.
I'm expecting it to peak around $94k to $100k being an achievable target with an optimistic target of $145k. After that, we'll probably see a distribution phase driven by euphoria--think soft landing hype and trump's crypto endorsements.
As BTC hits those highs, altcoins are likely to catch all the liquidity and start outperforming.
When the bullish sentiments peaks, that's probably the real-mid cycle top everyone's been talking about.
I also think that this consolidation phase lasted for so long, so when BTC breaks out of this range, it creates a MASSIVE EMOTIONAL GAP and everyone will start FOMO-ing in.
Crypto Alternatives Reaching Extremes Please study and look back on the history of CRYPTOCAP:OTHERS.D
This trendline has acted as major support with each touch marking key reversal points of alts before moves higher or at the very least moving away from their lows.
Light blue is CRYPTOCAP:OTHERS with the grey boxes marking the touch points and the yellow vertical lines being the BTC halving dates.
I believe we are here in the cycle with regards to alts and BTC:
Last cycle we had a shorter bottom base and accumulation period followed by a longer consolidation period before the halving. This time around we see longer bottom base and somewhat shorter consolidation period these past 5 months.
The white dashed line marks the mid line of the bottom base and then price recovering back into the high liquidity/ consolidation zone. And it just so happens that we're in a better setup this time around than last cycle imo.
Super HTF head and shoulders:
2019:
2024:
Current BTC outlook:
IMO any bids of strong alts or only the majors in this 1.5T to 2T zone is a great entry.
You can see I included the google trend plot for the search "bitcoin" which is good gauge of sentiment, interest, and tops/ bottoms. Buy when no one is talking about it or cares. Sell when interest peaks and everyone is talking about it.
A lot left in this cycle IMO but it will take some time for things to play out.
220% for Fet in 50Fet's looking to lead the AI charge in the coming weeks we have :
Reverse Head & Shoulders:
• We’ve got a clean Reverse Head & Shoulders pattern in play, which signals a strong bullish reversal. The base sits just above 1.00 USDT, and we’ve already seen a breakout confirmed at 1.309 USDT. This setup is often the precursor to a significant upward move.
Price Targets:
• First target sits at 2.032 USDT, a solid 58% gain from the breakout point.
• Beyond that, we’re looking at a long-term target of 4.180 USDT, marking a 220% potential increase. This target aligns with the projected upper channel, showing a clear path if bullish momentum continues.
Volume & Momentum:
• Volume is backing up the move—strong buying pressure is evident with a notable increase in green volume bars.
• The momentum indicators (likely MACD) are also bullish, reinforcing the strength of the breakout. This suggests there’s still room for the trend to run further.
Historical Reference:
• On the right side of the chart, there’s a past pattern with similar price action. After consolidating for 45 days, the price moved sharply higher. While past performance isn’t a guarantee, it’s definitely worth noting the similarities.
Strategy:
• For those looking to enter, a re-test around 1.309 USDT (now support) offers a solid entry point.
• A break above 2.032 USDT could ignite further momentum, potentially driving price toward 4.180 USDT in the coming weeks or months. Watch for sustained volume and bullish momentum to confirm the trend.
Summary: Fetch.AI is setting up for a strong move, with a clear bullish pattern and solid upside targets. If momentum continues, the next few weeks could see substantial gains. This is a trend worth watching closely.
BITCOIN DOMINANCE UPDATE: WHEN ALTSEASON?Hey everyone!
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Bitcoin Dominance is a key indicator for potential altcoin seasons. While there's been anticipation, the market hasn't shown significant changes yet. Let's analyze the Bitcoin Dominance chart for clues.
On the weekly timeframe, Bitcoin Dominance has formed a large rising wedge pattern and is approaching strong resistance. This level acted as support in 2019-2020 but has now turned into resistance.
We're currently in a potential "maximum pain zone." This period can present opportunities to accumulate promising altcoins for potential gains during the upcoming bull run.
Important to note: Accumulating now might involve short-term losses of 20-30% due to market manipulation. However, the potential for 20x-30x returns during the bull run makes this risk worthwhile for some.
Key Takeaway:
Seize the Opportunity: Start accumulating quality altcoins now to capitalize on the potential bull run.
Embrace Risk: Be prepared for short-term losses to reap long-term rewards.
Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
buy bitcoin nowwwwww!!!!!!!!!!!!!!!look at chart we are in a broad bear channel , and we had a perfect test (BO point)
and every time we fall below a low we pulls back ... so what do you think? this is third push down so its wedge bottom
its all ready to going to moon........
now its best time to buy
02/09/24 Weekly outlookLast weeks high: $64,481.00
Last weeks low: $57,205.43
Midpoint: $60,843.22
As September begins BTC finds itself at the $58,000 mark after selling off for the entire week last week. A historically bad Month for the crypto market is being paired with the first FED rate cut since March 2022.
Conflicting elements with one bearish and one potentially bullish, it will be interesting to see if the final month of Q3 is a slow one or whether this is the month where BTC can break its daily downtrend and continue the Bullrun.
I believe the 25bps vs 50bps rate cut is a huge point of contention, this week we have data releases for unemployment, nonfarm payrolls, jobless claims that could all give clues to the FEDs decision on the 18th September.
BTC finds itself below the 1D & 4H 200EMAs once again after falling short of the $65,ooo breakout. It seems there isn't really any rush to buy before we know of the FEDs decision, chopping and generally delivering max pain to the majority, unless you can be nimble on the LTFs nobody is winning here.
This week the wait continues, we saw a glimpse of hope in the altcoin market recently but that has now been taken away again as BTC struggled. Finding those fundamentally sound projects ready for Q4 and beyond is still a top priority.
TOTAL2 - Altcoin marketcap is reversing#TOTAL2 #Analysis
Description
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The altcoin market cap experienced a significant drop from $1.2 trillion to $845 billion, and the current chart indicates that it is hovering around the support zone. This drop was anticipated following a substantial increase from $500 billion to $1.2 trillion, representing a more than 100% surge in the overall altcoin market cap. It is expected that the overall altcoin market cap will rebound from this support zone, with the next target being $1.7 trillion.
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BTC is gearing up for the next big bull runBitcoin is preparing for an exciting and potentially profitable journey ahead. As the market gathers momentum, BTC is refueling for the next big bull run. Don't miss out on the opportunity to be a part of this thrilling ride. Stay informed, stay ready, and enjoy the rewards of this market surge!
BTCUSDT 15m🔍 BTC/USDT Short-Term Analysis: 15-Minute Timeframe 📉
The BTC/USDT chart on a 15-minute timeframe highlights important upcoming dates where short-term price movements may present trading opportunities:
• August 23, 2024, 09:30, August 24, 2024, 04:15, August 26, 2024, 20:00 - Red Lines: These dates and times mark potential local peaks. Traders should consider these as moments to take profits or reduce exposure, as the price might face resistance or a downturn.
• August 23, 2024, 19:00, August 25, 2024, 04:15 - Green Lines: These dates and times indicate potential local lows, offering favorable conditions for accumulating BTC or entering long positions.
By aligning your strategy with these key dates and times, you can better position yourself to capture gains and manage risk effectively in the BTC market.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
EURUSD Buy ideaprice had a rally upwards in last few days and it had a immediate resistance over there the price have already broken that level of resistance and seems like bulls are still in control as SMA 50 also shows the bull run is still on so we are waiting for the consolidation range to break above and show some bullish price action so we could be a part of this bull run
$MATIC rebranding to $POLMATIC (Polygon) has seen a significant surge with 58% increase from the low.
A bullish weekly candle is being printed after bouncing from its higher timeframe support zone.
CRYPTOCAP:MATIC is rebranding to POL on the 4th of September.
Rebrands are usually bullish, and if we can clear $0.60 overhead supply, we can see MATIC hitting $0.70 (single prints & vwap) or even $1
19/08/24 Weekly outlookLast weeks high: $61,782.68
Last weeks low: $56,107.68
Midpoint: 58,945.18
Apologies for the late WEEKLY OUTLOOK, let's go over last weeks PA.
A much tighter spread between weekly high and low last week compared to the week before. As BTC continues its recovery from the JPY carry trade dump we are back @ 4H 200EMA for the 5th time since losing support during the dump. For me this follows the same pattern as has been happening all year, flip the 4H 200EMA and aim for the '21 ATH @ $69,000. What happens at that level is nearly always disappointing but with rate cuts coming next month, maybe that will finally change.
From the weekly range chart I do see the midpoint being important for the rest of the week, the recent 1h surge has come from the Midpoint level, flipped the 0.75 and now targeting range high which would put BTC over the 4H 200EMA point. The FOMC minutes takes place on Wednesday of this week and may provide some volatility, however the general consensus is that a rate hike is coming next month, the real question is will it be 25 Basis Points or 50bps.
For this week it's more of the same in terms of being patient and trying not to get caught up in the chop. With the general sentiment being that the Bullrun will continue soon it's tricky to find the right entry at this stage if you haven't already. Patience is key.
Bitcoin Bull Run Continues: Why Bitcoin Could Break Through $74kThe long-term Bitcoin trend remains distinctly bullish, highlighted by a powerful breakout above the top of the average-price uptrend channel. This breakout propelled BTCUSDT to a high of $73,881, followed by a significant 33% correction. This pullback found strong support at the 50% Fibonacci retracement level, around the critical $50,000 psychological mark. This price level is pivotal for several reasons.
Firstly, it was previously a strong resistance zone that has now flipped into solid support, demonstrating a classic technical analysis principle. Secondly, this level aligns with the concept of equilibrium, based on the Smart Money Concepts indicator, demonstrating a balance between buyers and sellers at this price area. Thirdly, it's the bottom boundary of the average-price ascending channel, adding further significance to this support zone.
Moreover, the robust defense of this $50k area by buyers underscores the healthy long-term demand for Bitcoin. This combination of factors suggests that as long as BTCUSDT stays above the $50k support zone, the overall trend will remain bullish. Consequently, the likelihood of a continued price increase outweighs the possibility of a downturn.
Looking forward, we expect BTCUSDT to continue its upward trajectory, with a potential target at the previous high near $74k. If this resistance level is breached, the next target could be the 161.8% Fibonacci retracement level, corresponding to the $90k psychological price mark.
However, it’s essential to remain vigilant. A sharp break below the $50k support zone could trigger a significant decline, potentially pushing Bitcoin down to the $40k or even GETTEX:25K support areas. Traders and investors should be prepared for such a scenario, balancing their bullish outlook with prudent risk management strategies.
Where BTC's headed this bull run (next 12 months)The REAL bull run is almost upon us!
And as you can see BTC's forming a cup & handle pattern with a projected price of around the $124k mark.
Add in a FOMO blow off top & your looking at the $150k mark.
My belief is she'll all be done and dusted by Sep next year as long as there's no big economic downturn between now and then.
Chur
WILL HISTORY REPEAT ITSELF AGAIN? This is my map and guide when to buy bitcoin. The answer is NOW!
The same pattern happened everytime before we saw a major pump.
1. PUMP from the lows of bull run all the way up to support and resistance on 1 MONTH time fram.
2. REJECTION OF SUPPORT AND RESISTANCE before halving. This rejection lead to smaller correction with drop of fear and greed index down below 20 = PERFECT OPPORTUNITY
3. BREAK ABOVE SUPPORT AND RESISTANCE
4. RETEST = CONFIRMATION currently I'm waiting for price break below 53.000$ to start buying more and more. There is also a possibility that we will see price falling lower to 36.000$ - 46.000$ area.
I'm already buying crypto assets with lower amounts of capital but once we see the scenario mentioned above, this will be my signal to get in action.
Imagine the fear if we fall and close below local low of 53.136$ . This could lead to extreme fear on the crypto market which could indicate the perfect buying opportunity.
Take your time, look at the chart and you will see the same pattern happening over and over again.
This is only my point of view and not financial advice. DYOR!
ETH/USDT 1D Trade idea It's no secret, Ethereum has been struggling this Bullrun.
Outperformed by Solana and other new emerging L1's, a permabearish ETH/BTC chart and losing market share in terms of volume on chain to its competitors.
The daily chart is a difficult one to digest as a fan of ETH, despite the ETF approval and the institutional investment that has come with it, the trend is an obvious downtrend of late and shows no signs of changing anytime soon...
The ETH/BTC pair is a similar story only the downtrend has been the case for much longer, unable to keep up with bitcoins price gains. Bitcoin is currently -20% from its ATH set earlier this year, Ethereum is yet to break its previous ATH set in '21 of $4850, -47% at current price which is way off BTC.
For me there are two possible entries:
- A mid range reclaim would then target a range high move going into the end of the year.
- A safer entry of filling the wick set in the beginning of august with a slow grind down, sweep liquidity, reclaim and pump from there.
Both situations would require BTC to behave as always.