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DYDXUSDT is Converging and two timing to entry!/Trading strategyBYBIT:DYDXUSDT - 1H trend chart - DYDX has converged for a while and formed an obvious triangle. You can notice lots trend lines needed to be broken, so I'll provide 2 different entry timing for you as below - 1. Aggressive traders There are 2 blue horizontal lines, the upper one is a nice timing for aggressive traders. It just broke out the orange downtrend line, so can wait for price stands firm at $24.960 2. Conservative traders Conservative one could wait for the price takes out the long-term upper downtrend line, as the pattern at the top left. - Profit Targets: a) 27.857----Fib(1) b) 32.414~34.257----Fib(1.272~1.382) c) 44.611-----Fib(2) Stop losses: a) 22.001-----for Aggressive traders(Red horizontal line) I'll update for Conservative traders if the downtrend line are taken out. - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
4
HMMM.. Will we see a strong correction?Right now GOLD is making a descending triangle pattern... This pattern usually lead to a break to the downside... Letss see how GOLD will act in the coming weeks and months... I am suspecting it will fall as I believe that we are still in the bullish cycle in coming years.. But if not, then we can confirm that $1700 ish is the bottom. When we are in a bullish or economic growth, investors and retailers usually will leave safe assets and go into a rather risky assets to generate higher return... Assets such as stocks and cryptos would be able to perform really2 well if we are still indeed in the bull cycle.. My analysis predict that GOLD could go back to $1300 - $1450-ish if there's indeed a strong movement to the downside as investors and retailer leaving GOLD for other assets. But as always, not financial advice... #NotFinancialAdvice
TVC:GOLDShort
by ZombieGod11
Crypto Market Cap Cycle Peak 2022 10.3TThis analysis will be taking a look at the total crypto market cap "excluding Bitcoin". The Alt coin market topped out at 1.5 Trillion Dollars before crashing down to about 700 billion and I do think there is still more downside to go with a fairly long consolidation in play. The question is where do we bottom at the previous all time high 534 Billion Dollars or the 0.382 Fb at 379 Billion Dollars. If the Alt coin market did retrace to the 0.382 Fib, that could mean we would see ETH under 1500 and LINK at 10 dollars. Recovery could start around September 2021 and peak in May 2022 at 10.3 Trillion Dollars. Important Points : Fibonacci Time Zone = Week of May 16th 2022 Fibonacci Spiral crossover point = September 2021 Red trend/resistance line coming in from 2015 The Recovery timeframe is in line with the Bitcoin recovery , take a look at my previous TA
CRYPTOCAP:TOTAL2
by Sporia
3
Bitcoin Analysis and Market Cycle, Bull run is over ?Hi guys, today we want to analyze bitcoin and cryptocurrency market After bloody month (May) Bitcoin is now in a sideways and consolidation phase and everyone is waiting for Bitcoin to come out of its compression We also have a symmetrical triangle pattern and a box in the 12h timeframe, which as you can see price compressed between the 40k resistance & 33k5 (33,500) support. But what is really going to happen to the crypto market? At higher timeframes, I expect a large 100-day correction pattern (Desc Channel or Falling Wedge) that can take bitcoin into bear phase , But after the waves are over, I expect it to start the uptrend in mid-August to September 20th. As I mentioned in the chart, I expect more correction in the mid-term We now consider two scenarios: 1- Bitcoin breaks triangle and 40k resistance upwards: in this case,I expect the price to reverse the downward trend of the channel at 45k 2- Bitcoin breaks the downward : due the weakness of Bitcoin in the formation of reversal waves this scenario is more valid in my opinion, I expect Bitcoin to lose support of range box (between 40k-33k) and hit a lower low on 28k5 - 24k level which is also the bottom of the descending channel.Then I expect a positive macd divergence and bitcoin will be reversed from here. Now let's take a look at the weekly chart (long-term) : See the price reaction to the middle line, shouldn't we expect forms a pivot on the middle line in the 24k level ? I think this is a possible scenario due the Bitcoin's past behavior In the end, I expect more correction in the crypto market in mid-term, and I think we may see huge correction patterns in Altcoins like September 2020 , and I do not expect the new ATH until after August (time analysis)
BITSTAMP:BTCUSDShort
by imanpajand
3
'3 Price Note' Are You See Yet?'3 Price Note' Are You See Yet? --- "SA-WAD-DEE-KRUB" . From Thailand . Today is 17 June 2021 . 5:05 PM (My Local Time) --- Today I Will Show You . About 'Price Note' . BLUE, GREEN, RED . That I Mark Some Price for Play 'LONG' This Day . So What Do You Think #BITCOIN . They Can Go Up Or Not? . Remember ! Play Safe . And We will WIN together. --- If You Like It... . You Can Leave A Comment Or Share. . My name is DUANG from Thailand . P.S. Sorry About My Bad English... "KOB-KHUN-KRUB"
BITSTAMP:BTCUSDLong
by Kruduang
1
Bitcoin Top Oct-Dec 2021 (Part 2)Here are two possible routes for bitcoin: V Shape Recovery (Grey Bar Pattern) The Covid crash of March 2020 saw a price crash 55% and took about 70days to recover . I have taken the bar pattern from the first leg of the bull run to show a possible path for bitcoin , now historically the final leg of a bitcoin bull run has a huge momentum increase so it's highly unlikely that we get the same momentum from the first leg mirrored to the final run up. Slow Recovery (Purple Bar Pattern) This second option shows a much longer recovery. This path seems more likely to me at this point but things change very quickly. If we start closing daily candles under 0.618 Fib level then I see this playing out. I have added the bar pattern of the final run up of the 2017 cycle just to give an idea how things could play out since right now the 2017 cycle and 2021 cycle are playing out very closely so far. I really think that the end of this bull run will be something similar like what happened this month , there won't be a blow of top scenario like other cycles because everyone is expecting something like that to happen and when everyone is looking at the same thing bitcoin tends to do the opposite. I have narrowed the cycle peak somewhere from October to December 2021 check out my previous TA.
INDEX:BTCUSDLong
by Sporia
10
Bitcoin Top Oct-Dec 2021 I took the 2017 fractal pattern from the first big pullback of the last cycle and added to this cycle showing a top on October 25th 2021 very interesting. Now that we hit 30000 ,we have three confluence points that create this bottom support line that puts together the final piece of the puzzle. The Date can be narrowed down between late October to December 2021 with a price range of 155000 to 190000 dollars. I strongly believe that the genesis line(ibb.co) will not be broken this cycle it will act as resistance like it did in June 2019 at 14000. We also have a Fib time zone date coming in the week of December 13th 2021. All bitcoin needs to do is not break this newly formed support line and we are good , a break of this support line and this analysis fails.
INDEX:BTCUSDLong
by Sporia
10
ETHEREUM: AIMING 2000$ ONCE AGAIN 🧙‍♂️Currently, ETH's latest recovery is about to touch the descending trendline and eye 2000$. 2000$ is a major psychological zone, it's a midpoint of a current parallel descending channel and overall a spot a lot of traders are looking for. The minor drop further is inevitable and it's our choice to capitalize on it. You can hear everywhere - "Buy the dip", but how long will you be able to afford it if the dip keeps dipping? Be smarter, look for prices like that to add some positions to your portfolio. Good luck and manage your risks properly!
BITSTAMP:ETHUSDShort
by Investroy
18