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HNTUSD ( Chart of the day)The Helium Network which runs on represents a paradigm shift for decentralized wireless infrastructure that enables devices anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans. Any daily close above $8.50 confirms further bullishness. HNTUSD gained more than 55% in past ten days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $4.58 and is currently trading around $4.35. The bullish invalidation can happen if the pair closes below $2.80. On the lower side, the near-term support is $4. Any break below target $3.60/$3. The immediate resistance stands at around $4.90. Any breach above confirms a minor pullback. A jump to $5.35/$6/$6.56/$7.25/$8.20 is possible. A surge past $10 will take it to $15. It is good to buy on dips around $4 with SL around $2.80 for TP of $7.
Long
by adiechiii
Elliott Wave Analysis: BTC/USD Festive Season ForecastIntroduction: As we approach the weekend and the joyous Christmas season, a festive atmosphere engulfs the cryptocurrency market, especially the BTC/USD pair. Building on our previous analysis, an Elliott Wave Impulse is expected to guide the market's course during this celebratory period. Elliott Wave Impulse Structure: The Elliott Wave theory suggests that market trends unfold in a five-wave impulse pattern, representing the natural rhythm of investor sentiment. In our BTC/USD analysis, we anticipate a compelling five-wave sequence, with each wave playing a distinctive role in shaping the market's direction. First Wave: The initial wave sets the stage for the festive season, with a strategic entry point identified at $43,910. This wave marks the beginning of the upward momentum, propelled by positive market sentiment and holiday optimism. Second Wave: Following the initial surge, a corrective wave is anticipated, providing an opportunity for adjustments and strategic positioning. The market may experience a brief pullback, presenting an ideal entry point for astute traders. The first take profit target is projected at $44,840 during this phase. Third, Fourth, and Fifth Waves: The subsequent waves will unfold dynamically, each contributing to the festive fervor. The third wave is expected to extend the rally, surpassing previous highs and reinforcing the bullish sentiment. As we progress through the season, the fourth wave may introduce a temporary correction, offering a second opportunity for entry. The grand finale comes with the fifth wave, reaching new heights and culminating in the festive celebration. This wave is expected to carry the market to a peak, creating a jubilant atmosphere for traders and investors alike. Conclusion: In conclusion, the Elliott Wave analysis for the BTC/USD pair sets the stage for a festive celebration in the market. As the waves unfold, from the initial surge to the grand finale, traders are urged to stay attuned to the rhythm and dynamics of each wave for optimal decision-making during the weekend and the Christmas season. May the joy of the festive season extend to the cryptocurrency market, bringing prosperity and positive vibes to BTC/USD traders. Happy trading and Merry Christmas!
COINBASE:BTCUSDLong
by wikitrades
2
What does a bear market look like?“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me! 'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for example the recent collapsed of some banks. Able to recognize at what stage the market is… at any particular point helps me to determine whether to take on the market with some risks or not at all. Reference of Bitcoin Trading: CME Bitcoin Futures Minimum fluctuation $5.00 per bitcoin = $25.00 BTIC: $1.00 per bitcoin = $5.00 CME Micro Bitcoin Futures Minimum fluctuation $5.00 per bitcoin = $0.50 BTIC: $1.00 per bitcoin = $0.10 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:BTC1!
by konhow
BTCUSD AB=CD ?good day everyone, first this is not a financial advice but i am posting what i see now in the market ... here we have the harmonic AB=CD bearish pattern if you want to play it make sure to stop above point D targets shown on chart please do not use high leverage to avoid liquidations good luck Description : The initial price swing moves upward from point A, a swing low, to a high intraday price marked as point B. The second leg of the pattern represents a downside price correction in the existing uptrend that takes the price from point B down to point C, a swing low that is higher than point A. The final price move in the pattern is a move upward from point C to Point D – a new, higher swing or intraday high above point B. The existing uptrend terminates at point D, the point from which a downtrend begins. The initial price swing moves upward from point A, a swing low, to a high intraday price marked as point B. The second leg of the pattern represents a downside price correction in the existing uptrend that takes the price from point B down to point C, a swing low that is higher than point A. The final price move in the pattern is a move upward from point C to Point D – a new, higher swing or intraday high above point B. The existing uptrend terminates at point D, the point from which a downtrend begins.
Short
by Htback
Bitcoin BEARISH?! Here is the ANSWER. Disclaimer: This is a Newbie analyses with no past Experience! Few Points Supporting a BEARISH scenario for Bitcoin and the rest of coins: -The Chart above shows the total Cryptocurrency market cap, which hints to a similar crash of 2018 being repeated (Green Rectangle/Red Rectangle). -Recession, which it has started already (low GDP growth, High interest rates, Spike in the price of goods and services in general, lower properties being sold) -War (Ukraine x Russia) With all this considered, we might see Bitcoin plummeting to 21k (USD) Level, and even 11k level later on. However, this is the first time in history that Cryptocurrencies are faced with a recession, hence the effect is unknown. They might follow the stocks behaviour during a recession (Falling, Most Likely). OR, we might see that more people are investing in crypto and choosing it as a safer asset during recession (less likely). This is not a financial advise! Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge. Appreciate your constructive comment and feedback in advance.
CRYPTOCAP:TOTALLong
by ashurbanipalcrypto
1
Weekend Update: Wave 4 ABC Becoming ClearerMy base case is we still have not bottomed. However it's become slightly clearer that this consolidation with an upward bias must play out and it appears reconciliation may be higher. Observing my chart above I've labeled all the prominent moves within this consolidation. Lets break this down an stick strictly to facts: 1. The indecision of buyers and sellers in this area is best displayed in all the overlapping peaks (Orange Arrows) so this tells me we are in a countertrend consolidation. FACT 2. This OVERLAP is indicative of a wave 2,4 or a potential diagonal (LD or ED). FACT 3. Lastly, because of the first two facts, LABELING THIS AREA WILL REMAIN DIFFICULT BUT NOT IMPOSSIBLE. This area (on a micro level) remains an area that appears neither BULLISH or Immediately BEARISH. FACT To get further clues within an area such as we are in we have to look to the technicals to guide us. Based on the above 3 facts I have set out to label what this whole consolidation may mean. Our (SQUARE BOX A wave) which topped May 15th came right into the .618 Fib retracement. This would have been a very normal place to top and begin a decent in a wave 5 that would complete this whole sell off. However since then we have declined in an overlapping fashion. This wave 5 down should be an impulsive 5 wave structure. Post May 15th, the decline is anything but impulsive. Therefore I have no choice but to adopt the perspective that this wave 4 consolidation is NOT over and will ultimately reconcile higher. If that is the case we have to look for reasonable areas within the rules of EWP that this higher reconciliation could conclude. Our micro wave "iv" of "v" of the larger wave 3 topped at $74. SO $74 IS A REASONABLE AREA TO CONCLUDE $74 represents the wave 4 top of one lesser degree. Perfectly reasonable to conclude there. $79.4750 IS ANOTHER AREA TO CONCLUDE Using our Fib Extension Tool the 1.0 extension of Square Box "A" and what appears to be the bottom of a Square Box "B" is $79.4750. So although higher than the wave 4 of one lesser degree is it perfectly reasonable within a measured move to conclude there. $73.195 IS THE ANOTHER AREA TO CONCLUDE Using our Fib Extension Tool the 1.0 extension of minor wave "a" and the bottom of a minor wave "b" is $73.195. I tend to keep my analysis as simple as I can until there is no simple explanation. So I'm counting this consolidation as a standard ABC into the $73.195 to $79.475 for final resolution of wave 4. This could change if price over the weekend dips below the Minor "b" wave bottom on May 14th of $46. Then we would have no choice but to recalculate ONCE AGAIN . However to keep it simple, as long as we remain above $46 price should conclude in the range of $73-$79. Lastly, please beware of articles that say Solana has bottomed, or this consolidation appears to be a complex WXY, Yada, Yada Yada. I will repeat what I've written about many times previous. I n a wave 4 of any significance most times, even the most experienced EWP practitioners, cannot label the pattern until it completes or is near completion. This fact speaks less to EWP being an accurate forecasting tool and MORE TO THE OPAQUE NATURE OF COUNTERTREND BEHAVIOUR. Best to all, Chris
FTX:SOLUSD
by maikisch
4
BTCUSDT - Could we see a reversal soon? 3D BTCUSDT Not much hopium to be had at the moment with the economic climate, the shit show with LUNA/UST and the DXY on track to hit 2001 highs. We are seeing a perfected 8 (9 in progress) on the daily and perfected 13 on the 3D. 3D 8/9s have "perfectedly" called the bottoms during the covid crash and the last retrace, could we be seeing the same thing happening now? There is definitely some trades to be had with momentum flip. V shaped would be ideal but backtest of this channel before a further shakeout to hit the RLZ is probably more likely. If we copy the bar patterns from the most recent 8/9 and line them up with the 13, we can see a perfect tap of the channel breakout. Lets see what the next 3 - 12 days has in store for us.
by peakfam
BTC DUMPING : WILL IT SUSTAIN 37000 ??Hello, Welcome to the quick update of BTCUSDT. As stated in my last update, I think we are still not bullish on BTC as it has a number of resistance that it needs to break before hitting 48000. BTC managed to touch 40000, bringing a rally in altcoins. Unfortunately, It couldn't hold the 40000 level and it dumped badly and the altcoins also took a major dump. As of now, it is holding the 37000 level i.e. the major support. If it breaks 37000, then we may see 35000 to 33000 levels. I think it should hold this level as it is major support and we may see a pump until 38800. I think it's better we wait for the right moment to enter any trade and wait for confirmations. Please be safe with your positions and invest wisely. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
2
Bitcoin (BTC) AnalysisJust like my previous BTC analysis chart that I have linked below, this wave pattern has been proving to be quite accurate in terms of BTC price movement. I believe that BTC must break the 0.5fib channel and the 0.382 fib retracement level for it to move forward to the upward side. When and if BTC remains and or breaks through the 0.236 fib level we can expect it to make a blow-off top, if not I see BTC trading between the 30k levels and 50k levels for the next few months or so. Do keep an eye out on volume, once BTC breaks through the previous resistance of the head and shoulders formation that formed a few months ago we may be able to see BTC break through the 60ks once more. Every 36 days, it's adamantly clear that BTC price action will be bearish or bullish ie; bullish this 36 days,
by yoyokenwan
Terra Analyze (Short Term/Rising Wedge)!!!Tera was able to make a Rising Wedge Pattern from 43.2 until 60.5$ , also the price lost the lower line of its Rising Wedge 2 days ago. Terra Analyze ( LUNAUSDT) Timeframe 1h ⏰ I have two scenarios for the next movement of Terra . 🔅 S cenario 1 : Terra was able to pass pullback, and it will go down from 57$ . 🔅 Scenario 2 : Terra is on the pullback, and it will make Inverse Head and Shoulder Pattern . 🔴 Resistance Zones 🔴 & 🟢 Support Zones 🟢 that we have in front of Terra . 🔴 Resistance zones on Terra 's way: 🔴 Resistance zone : 58.2$ until 57.5$ (Resistance + Cluster of Fibs) 🔴 Heavy Resistance zone : 63.3$ until 60.6$ (Resistance + Cluster of Fibs +Yearly Pivot Point + Monthly Pivot Point ) 🟢 Support zones on Terra 's way: 🟢 Support zone : 53.6$ until 53.1$ (Support + Cluster of Fibs) 🟢 Heavy Support zone : 48.4$ until 46.8$ (Support + Cluster of Fibs + SMA 200(TF Daily)) Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
3