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BTC/USD Bullish Breakout from Rectangle PatternOverview: The chart represents Bitcoin's price action against the US Dollar on the 1-hour timeframe, highlighting a Rectangle Pattern Breakout with a well-structured trade setup. This analysis will break down the pattern, key levels, and possible trading scenarios. 1️⃣ Chart Pattern Breakdown – Rectangle Consolidation The price has been moving within a rectangle pattern (range-bound movement), where Bitcoin found support at lower levels and faced resistance at the upper boundary. Rectangle Pattern: A continuation/consolidation pattern where price fluctuates between horizontal resistance and support before breaking out. Curve Formation: The price action within the rectangle also forms a rounding bottom, indicating a potential shift from bearish to bullish sentiment. Breakout Confirmation: BTC has broken out from the rectangle, suggesting bullish momentum. 2️⃣ Key Technical Levels 🔹 Support Level ($84,110) This zone has acted as a strong demand area, preventing the price from falling further. Buyers consistently stepped in at this level, making it a significant psychological floor for Bitcoin. 🔹 Resistance Level ($86,850 - $87,000 Zone) This level had previously rejected upward movements, leading to multiple price pullbacks. After the breakout, this area is expected to act as a new support level upon a retest. 🔹 Target Price ($89,931 – Next Resistance Zone) If the breakout sustains, the next key target for bulls is around $89,931, based on prior resistance zones and technical projections. 🔹 Stop Loss ($84,110 – Below Support Zone) A stop loss below the support zone ensures risk management in case of a false breakout. 3️⃣ Trading Strategy & Execution 📌 Entry Point – After price confirms the breakout above the rectangle’s resistance. Traders should wait for: A pullback and retest of the broken resistance, which should now act as support. A strong bullish candle confirming continuation. 📌 Take Profit (TP) – $89,931, based on historical resistance levels and price projection from the rectangle range. 📌 Stop Loss (SL) – Placed at $84,110, below the rectangle’s previous support zone to minimize downside risk. 📌 Risk-to-Reward Ratio (RRR) – The setup offers a favorable RRR, meaning potential profits outweigh the risks. 4️⃣ Market Sentiment & Additional Factors ✔ Bullish Outlook – The breakout signals strong buying interest and potential upside continuation. ✔ Volume Confirmation – Traders should monitor volume spikes during the breakout to confirm institutional participation. ✔ Economic Events & News – External factors like macroeconomic data or Bitcoin-related news can impact price action. Conclusion – BTC/USD Trading Setup Pattern Identified: Rectangle Pattern Breakout Current Trend: Bullish breakout from consolidation Trade Type: Long position (Buy setup) Key Levels: ✅ Support: $84,110 ✅ Resistance: $86,850 - $87,000 ✅ Target: $89,931 ✅ Stop Loss: $84,110 🔥 Final Thought : Bitcoin has broken out of a key consolidation range, signaling a bullish move towards $89,931. Traders should wait for confirmation and manage risk accordingly! 🚀📈
BITSTAMP:BTCUSDLong
by GoldMasterTrades
#VANAUSDT is forming a confident bounce from key levels📉 LONG BYBIT:VANAUSDT.P from $8.180 🛡 Stop loss $8.000 1H timeframe ❗️Before entering the trade, closely monitor the levels. If the price consolidates above $8.180 with volume, this confirms the entry signal. ✅ Overview BYBIT:VANAUSDT.P : ➡️ On the chart, we can see that after a downward movement, the price formed a local bottom around $8.000, followed by an upward impulse. ➡️ A structure resembling a reversal pattern has appeared: the price broke through a slanted resistance (blue line) and consolidated above $8.180, indicating weakening sellers. ➡️ The price is now moving toward a resistance zone marked as POC (Point of Control) at $8.353, which could be the first target. ➡️ The entry is set at $8.180, aligning with the breakout level, supported by increasing volume and a short-term uptrend. The volume profile on the left shows a low-liquidity zone above the current price (between $8.345 and $8.590), which may allow the price to quickly reach the TP levels. 🎯 TP Targets: 💎 TP 1: $8.345 💎 TP 2: $8.590 💎 TP 3: $8.775 ⚡️ Plan: ➡️ Monitor the price reaction at TP1 ($8.345) — a pullback is possible. It’s recommended to close part of the position. ➡️ Wait for confirmation of the breakout above $8.180 (already happened, price is above). ➡️ Enter LONG after a retest (with volume) — in this case, the retest has already occurred, and the price is moving up. ➡️ Place the stop below the last low — at $8.000. BYBIT:VANAUSDT.P is forming a confident bounce from key levels, and if it holds above the entry zone, we expect an upward movement!
Long
by MoriartyTrading
ENA Breaks Downtrend – Is a Rally Incoming?$ENA/USDT 12H chart shows a breakout above the resistance trendline and the 50 EMA, indicating a potential trend reversal. However, the price is currently facing resistance near the previous support-turned-resistance zone. A retest of the trendline breakout is possible before further upside. If the price holds above the trendline and reclaims support, it could confirm a bullish continuation. However, failure to hold may result in a fakeout and further downside. DYOR, NFA
Long
by unichartz
1
UNI/USDT Short PositionThis chart illustrates a short position on UNI/USDT following a potential bearish breakout from an ascending wedge pattern. The price action has been respecting the upper and lower trendlines, forming higher highs and higher lows. However, the breakdown below the lower support trendline signals a reversal. Key Levels - Entry Price: Near 13.90 (just below the breakdown point) - Stop Loss: Around 14.27 (above the wedge resistance) - Take Profit Target: 12.12 (aligned with key support levels and pattern height projection) Technical Insights Rising Wedge Pattern: Typically bearish, indicating weakening bullish momentum before a potential decline. Bearish Confirmation: The strong bearish candlestick closing below the wedge support adds confidence to the short setup. Risk-to-Reward Ratio : This trade offers a favorable R:R, approximately 1:2.5, making it an attractive short opportunity. Watch for additional confirmations like increasing volume on the breakdown or retests of the former support turned resistance to add confluence.
Short
by wsaetos
CAKE → Strong Support at $2.14! Nearing Resistance and Drop?CAKE had a fantastic bounce off of the $2.14 support area and ripped to $2.92! We're close to the next resistance area of $3.135, what does that mean for our trade opportunities? How do we trade this? 🤔 We're too close to major resistance to long on this timeframe (or any timeframe for that matter), we need to wait for either a break of that resistance level, or a break downward and rested the previous high price of $2.84. For this short setup to work, we need a strong sell response around the $3.135 area, breaking the price downward back into the $2.65 range. The price should either go sideways or re-test the previous high of 2.84 and fail. That failure will be depicted by a strong bear candle closing on or near its low. This will be our justification to enter a short position. Take profits before we get near the Support Zone at a 1:2 Risk/Reward Ratio, around the $2.29 area with our protective stop above the previous high price around $2.90. Wait for this pattern to play out, it's never wise to enter before we have sufficient evidence. That evidence gives us a higher probability that the price will behave in the way our analyses show us. Anything else is gambling! 💡 Trade Ideas 💡 Short Entry: $2.71 🟥 Stop Loss: $2.92 ✅ Take Profit: $2.29 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Established Strong Support at $2.14 Area, Bias to Long. 2. Look for Resistance at $3.135 3. Look for Reversal Trade Short, Strong Sell and Confirmation Candle. 4. Do not Long Here, Close to Support. 5. RSI at 70.00, above Moving Average. Supports Upcoming Resistance. 💰 Trading Tip 💰 Probability on the chart changes with every candle. The goal of an analysis is to illuminate the current trends, patterns, and candlestick behavior to determine the probability that the next candles will continue the trend. We can then draw trade ideas and determine good entries, followed by proper trade management if the chart doesn't pan out according to our analysis. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
BINANCE:CAKEUSDShort
by TraderEngineering
trading-vue-js is a good library js to build stock, crypto chartI spent time researching the js library to implement a stock chart. Many thanks to C451 implemented the trading-vue-js from Github. TradingVue.js was a hackable charting lib for traders. You could draw literally ANYTHING on top of candlestick charts. Features Scrolling & zooming as we all like Simple API for making new overlays Custom drawing tools Non-time based charts (e.g. Renko) One overlay === one .vue component Fully reactive Fully responsive Customizable colors and fonts Quite fast (works even with 3 mil candles) Scripts (make your own indicators) If you can code with VUEJS, let's use this one. And another thing, I use IEXCloud to build a stock chart in real-time.
D
by binancash
Is it Accumulation phase for SC/BTC ?Siacoin it seems didnt affected in satoshi value during bitcoin pump less than a week ago.. Forming a sideway movement all the way back from December 2018 until now.. From EMA lines : i relate this chart from december until current time. 50 and 100 EMAs just flat without any converging with each other and 200 ema begin to approaching.. price action under 200 EMA considered still in bearish area. volume relative stable for this low market coin. is it accumulation for some whale for pump?? From MACD : seller momentum is decrease although the buyer and seller line move down ready to test 0 line.. still no clear signal of changing momentum. From Stochastic : stochastic in bottom level but it is not a clear as a it just stay in that level, as it didnt even want to try to move upside. From RSI : currently Still wandering around neutral side, Support : 1# +- 60 satoshi 2# +- 45 satoshi 3# +- 20 satoshi Resistance 1# +- 70 satoshi 2# +- 80 satoshi (200 EMA) 3# +- 115 satoshi Please share your thought about this idea in comment section. peace....
by MisterCatt
1
$BTC BITCOIN WILL TOUCH 20K+! MASS ADOPTION WILL BE COMING!THIS IS MY LONG-TERM VISION WITH MINIMUM REQUIREMENT AT LEAST 3 - 18 MONTHS! So I divide the bull in 5 stages and the bear in 1 stage, why? Because of everything on crypto only a baby step at the moment, something not really can be judge. As you can in 2018 quite a lot devs has deliver their products, whether it's an apps, website, tools, games or hardware (like Pundi x) or even a software. They don't really have users at the moment. Nobody really know em and likes em, only few people probably know them. Because there are a lot of good projects and good projects out there, even me myself can't spot them all for my own good. But we can say, the environment is growing at the moment. The thing about growing is... you need to watch them evolve and encourage them, in actions or words. Just like a plant that you need watering them, just like an animals you need to feed them, etc. When they're small, meh... too cute, looks insignificant. But when they're growing big... you'll be glad you took patience for this long time. So it's applied to crypto. We are really have a good R:R at the moment, as young as you don't play leverage, long-term you'll be fine. (Don't you dare to play shitcoins, at least play Binance's) Whether you are agreeing with or not, positively, i'll be saying Bitcoin will go to 20K and even higher, mark my words! 10-10-2018 Blockchaindedi
Long
by blockchaindedi
Ziliqa Opportunity and InformationsZiliqa is a new blockchain platform which can handle 2488 Transactions per second so is a good coin to make micropayments but also it s used to create dapps or use it for digital advertising The smart contracts language of ziliqua can handle dapps with large scale calculations Ziliqa is ranked at 10 in github activity with 10 with 1,726 commits in last 6 months Zil was moved into a falling wedge beetwen 23 june 2018 and 26 august 2018.In 12 august 2018 they hitted rock bottom which is situated between 379-385 sats after they broked out successfully will re-tested it but in this time the resistance will turned support and bulls succesfully defended their positions.At this time Ziliqa is into an accumulation phase beetwen 379-592 sats Targets till mainnet launch can be 0.5 fib resistence which is 1448 sats or 0.618 fib which is 1698 sats BTC will have a major bullish action in price becouse in december 12 bakkt will be launched and also at 31 december will have the main ETF which will bring us another bullish action in the market Events: Anchor Dapp Launch till 31 december Mainnet launch in december 2018-january 2019
Long
by CryptoRomaniaTD
3
$CDT Ready for Another Pump. 20% - 40% Worth...This project website is blox.io and this is token for crypto tracker and insights. Having 1 billion supply made it looks cheap at the current moment as the chart flat under 300 sats. At the moment this token has chill down a bit and looking for first fibonacci target about 20% - 40% on the rally and will about slowly securing profit. Whales! Go join me! If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
CLong
by blockchaindedi
Per Request: $MCO, Is This Legit? Bulish Bias 2 : Bearish Bias 1MCO was named as Monaco, right now it is already changed to crypto.com. MCO was quite hyped looking really great because of the expectation within VISA partnership or the same business model but with crypto. Great thing is that the apps are already released both for Android and iOS. I bet the bottom is in, as like many others. If Bitcoin go lower then probably crypto is doomed to another level, which is Insya Allah, probably would not. I use three indicators for to judge this chart, which it's quite 2:1 ratio bull towards bear. Even 2:1, it actually 2.5:0.5 because of the bearish bias still have such room to grow. So, ya bullish at the moment, looking forward for bounce. If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
MLong
by blockchaindedi
6