ETH/USDT BULLISH PATTERN! READY TO GO UPSIDE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ETH/USDT Update.
ETH/USDT is forming a bullish Adam & Eve double bottom pattern, suggesting a potential trend reversal towards higher prices.
Analysis:
Adam's Cup: We see a clear downward movement followed by a rounded bottom reversal, forming the left cup of the Adam & Eve pattern.
Eve's Cup: The price is completed with a similar rounded bottom, potentially forming the right cup (Eve's cup) of the pattern.
Neckline: A trendline can be drawn connecting the lows of both cups, forming the neckline. A breakout above this neckline is already done and it is a bullish signal.
Indicators:
Moving Average: The price is also breaking above the 100D moving average.
Target:
The measured move target for the Adam & Eve pattern would be the height of the first cup (Adam's cup) added to the breakout point above the neckline.
Stop Loss:
A stop loss can be placed below the neckline for risk management.
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Corecrypto
BTCUSDT - Parallel Channel Breakout: Potential 10-12% Pump!!Bitcoin (BTC) has just broken out of a well-defined parallel channel on the hourly timeframe, suggesting a potential bullish move.
Breakout: Price action has decisively closed above the upper trendline of the channel, indicating a shift in momentum.
Target: A 10-12% pump from the breakout point could push BTC towards the next resistance level at around $72,500
Indicators:
EMA: Holding well above the 50EMA and 100EMA.
RSI: The RSI is currently below 70, indicating room for further upside potential.
Long Entry: Consider a long position after a retest of the broken channel's upper trendline as support.
Stop-Loss: Place a stop-loss below the broken trendline for risk management.
Take-Profit: Target a 10-12% profit at $72,500 or adjust based on your risk tolerance.
Alternative Scenario:
False Breakout: If BTC fails to hold above the broken trendline and falls back into the channel, the bullish thesis weakens.
Remember: The market is dynamic, and breakouts can be false.
Always manage your risk with proper stop-loss placement.
Conduct your own research before making any trading decisions.
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Core Bullish Run with Weekly BreakoutCore (Coreusdt) has exhibited a bullish sign with a breakout in the weekly time frame. Currently trading at $1.26, the next resistance level lies at $1.51 .
A successful breakout above $1.51 could see the Core surge further to $2.54 .
On the downside, potential support sits at $1.00 in case of a pullback.
CORE SEEMS TO ENTER A NEW BUILDING TREND (CYCLE)Based on our study, CORE appears to be experiencing a significant upward trend, suggesting potential for further growth.
CORE is showing interesting indicates data trends both technically and in terms of data analysis.
we will follow its progress to see if it reaches the $1.11 mark soon.
we will continue to monitor CORE for any new updates. The current cycle for this coin cycle began at $0.58 and it's already gaining traction.
note that this update is not trading advice.
LONG ETH FOR A TARGET OF $2350!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Quick ETH update.
ETH looks good here. Breaks out the cup and handle pattern in a 4-hour time frame and currently going for a retest of the neckline. You can open long here and add more near the retest of the neckline.
Target:- $2350-$2400
SL:- $2060
Lev:- Use low lev.
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ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this important ETH update.
Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price.
On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH.
So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600)
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BTC: READY FOR ANOTHER LEG TO UPSIDE ($40K-$42k)!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC looks good here. Forming upsloping flag-like structure and currently, retesting the flag. After this successful retest, we might see another leg to the upside which is targeted to the $40k- FWB:42K level.
Invalidation:- 4hr close below FWB:36K
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OXT/USDT TRADE SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this OXT/USDT Trade setup.
OXT looks good here. Breaks out from the symmetrical triangle. Currently, retesting the trendline. Long some here and add more in the dip.
Entry range:- $0.073-$0.076
Target1:- $0.086
Target2:- $0.098
Target3:- $0.112
Target4:- $0.134
SL:- $0.070
Buy on the spot or use low leverage.
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ORBS/USDT TRADE SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ORBS/USDT Trade setup.
ORBS looks good here. Breaks out from the symmetrical triangle and also the cup and handle-like structure. Currently, retesting the neckline. Long some here and add more in the dip.
Entry range:- $0.04370-$0.04470
Target1:- $0.049
Target2:- $0.058
Target3:- $0.064
Target4:- $0.070
SL:- $0.041
Buy on the spot or use low-leverage
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BTC: BIG PICTURE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this important BTC update.
BTC is ranging between FWB:25K -$30k for more than 200 days and currently, it is trading around $26.7k level.
Now, one of the biggest questions in everyone's mind is where we are heading after these 2 years
of the bear market. I'll try to explain in this post.
BTC made a low of $15.5k last year in Nov. month and Imo we won't see that level again. As you know halving is after 6 months and before that, we might see a drop up to FWB:23K -$24k (as you see in the chart).
Perma Bears wants a new low or big crash before the halving and Perma Bulls wants a continuous pump from here but IMO market maker disappoint both of them.
I'm betting on a move towards $ 23.5k-$ 24.5k zone and then a move upwards (for a new uptrend).
Mind it that a wick can even go below $23.5k however weekly candle close will likely happen within this zone itself.
What do you think about this? Share your thoughts in the comment section.
Hope this chart helps you to take better trade decisions.
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BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
As you see in the chart, BTC is forming a descending triangle pattern in the daily time frame which is generally a bearish pattern. Currently, it is hovering inside the triangle.
We might see another test of the upper trendline and also might see some deviation above the trendline and after that price starts falling. Once it breaks down the triangle ( FWB:25K support) then we will see a big dump.
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BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC breaks down from the head and shoulder pattern in a 30-minute time frame and looks bearish here. We might see a small dump up to the $25.2k level from here followed by a quick pump.
So basically I'm expecting a quick dump today or on Monday up to the $25.2k level and then we see a pump up to the FWB:27K level.
Let's see how this plays out.
Invalidation:- Hourly close above the $26.2k level.
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BTC: LAST SMALL PUMP, BEFORE THE BIG DUMP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC has been in a very quiet mode for this whole week. It is still moving in the same range. The good thing is that it is still holding the support of $25.6k level.
As you see in the chart, it is forming a small falling wedge-like structure in a 4-hour time frame. Once it breaks out from it, we expect a small pump up to the FWB:27K level.
After this small pump, the real September bearish rally begins. So if you are trading actively than try to book your profits quickly and do not trade without SL.
Overall, I'm expecting a small bounce this week before the big dump. Let's see.
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BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. After the positive news of Grayscale's wins against the SEC, the market broke the long boring range. But the question is, is this enough to start a bullish rally? Let's find out....
As you see in the chart, BTC is forming a rising wedge-like structure in the daily time frame and it broke down. Now looks like it is going for a bearish retest.
We have a very strong resistance at the $28k- FWB:29K level. As of now price showing initial rejection from this level but in the short term we might see another test of this zone and after that real fall begins.
Overall the structure looks bearish. In the short term, we might see some greenery for a few days and after that another dump.
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BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. BTC is currently hovering around the FWB:29K level.
According to the chart, it is forming a falling wedge-like structure in 4hr time frame and currently trading inside the wedge.
Expecting it to move inside the wedge for a while and might touch the $28.3k support area. If it holds that support area, then we might see a small breakout in the month of August and might go above $30k one more time.
Also, according to the HTF chart and past years' data, I'm expecting a huge dip in the month of September (Anywhere between $20k- FWB:25K ).
As of now waiting to test the $28.3k area and let's see how the price reacts there.
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LTC: LONG TERM VIEW! BEST BUYING ZONE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the new LTC update.
Today is LTC's halving and this might be the sell-the-news event. According to the chart, it is forming a symmetrical triangle in the weekly time frame and rejecting the resistance zone of $100-$120. I'm expecting it to drop more from here.
IMO, the best buying area for LTC is around the $60-$70 level. We have support here and also here the lower line of the symmetrical triangle lies.
Once it breaks out from this symmetrical triangle a new bullish rally starts for LTC and do not expect this before a proper bull run.
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BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the new BTC update.
Finally, after a long consolidation, BTC breaks down the range. It breaks down the important $29.5k support which is holding it for the past 1 month. Currently, it is trading around FWB:29K level.
From here I'm expecting a small bounce up to $29.4k-$29.6k which is a perfect bearish retest. After this retest, it again starts falling and might drop up to the $28.2k level.
Invalidation:- If it breaks above the $29.6k level and again back inside the same range then the bearish scenario will be invalidated.
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BTC UPDATE!!Nothing changed for BTC yet. After the deviation above the $31.4k level price came back again in the consolidation range.
Upside liquidity was taken, now expecting the price to go below the $29.5k level in order to gather the liquidity from opened LONG positions and then fly upwards with the $31,000 confident breakout.
$28k- FWB:29K is a good zone to go long with a tight invalidation. If we lose the $28k support then we might see another dump up to the $24k- FWB:25K area.
This is my simple plan. Share yours in the comment section.
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BTC UPDATE! DUMP INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the new BTC update. BTC is currently trading around the $30.2k level.
As you see in the chart, it is forming a bearish pennant in 1hr time frame. It already breaks down this pennant and a retest is also done. According to this pattern, we might see a big sell-off today.
If this pattern plays out accordingly, then we see a dump up to the FWB:29K level from here.
Invalidation:- If the hourly candle closes above $30.5k then this bearish pattern will be invalidated.
What do you think about this?
Do you also think that we see a dump from here or do you think that we pump from here?
Let me know in the comment section.
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BTC UPDATE! WAIT FOR A RETEST BEFORE GOING LONG!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the new BTC update. The previous BTC update plays out perfectly. Do check it out, if you haven't yet (Link given below)
Now, let's analyze what's the next possible scenario from here. As you see in the chart, BTC breaks out the falling wedge in a 12hr time frame and made a high of FWB:29K
Lots of shorts getting REKT today. Now, it's time for a cool down for a while. I'm expecting it to retest the wedge ($26.6k-$27.2k)
I'm not going to long anything here. Patiently waiting for the dip to go long again. After the successful retest, the target is FWB:31K -$32k
Hope my content will help you in making better trade decisions.
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BTC: BREAKOUT IN LTF! READY TO GO $28K!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update, I told you to buy around $24.8k level. Hope you bought some and made nice profit so far.
According to the chart, BTC breaks out from the falling wedge like structure in 4hr time frame. Currently, holding the $26.2k support. As long as we hold this support expecting a good pump up to $28k level.
If we breaks below $26.2k support then it must hold the retest level of the wedge.
Overall it's looks good for shorter time. Expecting a good pump in BTC and Alts on weekend.
Invalidation:- If it closes below $25.4k then this chart becomes invalidated.
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