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Cryptocrrency

GOATSEUS MAXIMUS NO. 1 MEME COIN ATMTechnical Analysis + trade plan by Blaž Fabjan Rising Wedge Pattern A Rising Wedge is identified on the chart, which is typically a bearish reversal pattern in technical analysis. This indicates that the price could experience a short-term decline once the wedge breaks downwards, which is consistent with the message on the chart indicating a potential short-term decline. Support and Resistance Levels Support Level: $0.18047 (Key support zone where price could potentially rebound or consolidate). Resistance Levels: $0.58642: This level is a key point to watch for short-term profit-taking if the price rises. $0.99652: Long-term potential target for new All-Time High (ATH) based on the pattern after the short-term decline. Volume Analysis The Volume (GOAT) is showing 909.922K, suggesting strong interest and participation at the current price range. Volume needs to increase significantly to confirm any breakout from the wedge, either upward or downward. Divergence (VMC B Divergences) The chart shows the VMC B Divergences, indicating potential early signs of price reversal. Negative divergence here could indicate that momentum is weakening and aligns with the expectation of a short-term drop. RSI and Stochastic RSI RSI (14 period): 56.43 – This shows that the price is in a neutral zone, not overbought or oversold. Stochastic RSI (14, 1, 3): 94.16 – Indicates that the price is in the overbought zone, which could signal a pullback soon, especially as it is above 80. Hull Moving Average Histogram (HMA Hist) HMA Hist: It’s slightly negative (-0.00315), which can indicate early bearish momentum, supporting the idea of a short-term price decline. Trading Plan Scenario 1: Short-Term Decline and Rebound (Rising Wedge Breakdown) Entry: If the price breaks below the rising wedge, consider entering a short position around $0.50-$0.52, aiming for a decline towards the support level of $0.18047. Confirmation of the breakdown would be further decline in RSI below 50 and volume spikes on red candles. Profit Target: First profit target is around $0.18047 (support level), which offers a significant risk-to-reward ratio. Stop-Loss: Place a stop-loss just above the resistance at $0.58642 to limit potential losses in case of a sudden upward breakout. Indicators to Watch: Watch for a change in the RSI back towards 30-40 during the pullback, which could indicate oversold conditions and a potential reversal. Scenario 2: Upward Breakout After Decline (ATH Target) Entry: After the expected decline, if the price finds support near $0.18047 and starts forming a bullish reversal pattern (like a double bottom or hammer candle), look to enter a long position. Profit Target: First target is $0.58642, and the second is $0.99652 for a potential new all-time high (ATH). Stop-Loss: For the long position, place a stop-loss just below $0.18047 to protect against further downside risk. Indicators to Watch: Watch for RSI moving above 50 again and a bullish crossover in Stochastic RSI to confirm the bullish momentum shift. Risk Management Risk per Trade: Limit risk to 1-2% of total trading capital. Position Sizing: Adjust position size based on stop-loss distance and desired risk tolerance. Summary Short-Term View: Price could decline after breaking down from the rising wedge, aiming for the support at $0.18047. Long-Term View: After the expected short-term decline, a bullish reversal could target a new ATH at $0.99652, provided volume and momentum confirm the breakout.
GLong
by elfabiiani
Crypto Market To 50 Trillion?Keep in mind that this chart does not include market cap of Bitcoin Is it possible for the Crypto market cap to reach 50 trillion in the future? I think so with adoption worldwide matching internet growth in the 2000s. ibb.co twitter.com "In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997. But Bitcoin's growing faster. Next 4 years on the current path will bring Bitcoin users to 1b people, that's the equivalent of 2005 for the Internet." Using Fibonacci when we can speculate a time when that could be possible ,let's start with the Fibonacci Time Zones . Fibonacci Time Zone Dates 0-----09 November 2015 1-----08 January 2018 2-----09 March 2020 3-----09 May 2022 5-----07 September 2026 0-----08 January 2018 1-----09 March 2020 2-----09 May 2022 3-----08 July 2024 5-----06 November 2028 Fib retracements 1.618 fib comes in at 10 Trillion by May 2022 I arrive at this market cap and time based on the Resistance line coming in from the base bottom of crypto market , which I call these lines Genesis lines because they play very important part on price on the Macroscale and they always start from the beginning , Bitcoin has one to I will include the TA below which goes over this. ibb.co So if price does correct 90% at 10 trillion market cap line last bull run that would put the next bottom at 0.786 Fib which is 780 Billion market cap , basically the prices we are right now. As I have gone over my last TAs, a Cycle Peak from January 2022- May 2022 is where I see us putting in a Marco top for years.
CRYPTOCAP:TOTAL2
by Sporia
3
Redd (RDD) | They Are All Connected | Same Pattern RepeatsThis is no secret but all the altcoins are connected in many ways. Here we have one of the older altcoins, also low volume, RDDBTC (Redd)... Follow me for a few minutes. Notice that we have a lower compared to early 2020. A strong bullish wave followed after the early 2020 low. In this case, this wave produced 274% of profits from low to the peak. We have a falling wedge pattern... Prices are starting to increase. Just as we are seeing with the Binance coins, the Bittrex altcoins are also preparing for massive growth. Namaste.
Long
by AlanSantana
7
Bitcoin, Trading In Major Channel, Here Are Important Levels!Hello Traders Investors And Community, welcome to this important and meaningful analysis about bitcoins recent price-action, the current formation and what we can expect the next days and hours from the major cryptocurrency. The last days had a significant impact as many cryptocurrencies fell below important support zones and showed bearish musters we see a stabilization in the market now but the big question is if the stabilization can hold with a possible continuation or the bears pushing the price down again, at the moment bitcoin is even the strongest of the market as it did not decline that much and recovered faster than the major other markets. In my observation, I detected some important signals which can affect the price and determine the further outcome, therefore we are looking at the locally 4-hour timeframe, I also made analysis about the bigger timeframe which I highly recommend you to watch when going at my account. The importance of the current situation is that bitcoin definitely showed bearish signs to the downside with the break of the 400-EMA that you can see marked in my chart in red but this breakout was not backed by a continuation, therefore, the price bounced back above where it is trading now and tested the middle-resistance-line of this huge descending channel you can see in my chart marked with the blue lines, as this middle line is normally a strong resistance in such type of channel bitcoin bounced back and now approaching remaining support levels in the local structure which it has at the 400-EMA in red and the middle line of the smaller channel it is establishing. These levels are important to hold for bitcoin to consider a possible bullish continuation and break of the channel middle line which when it confirms properly can lead to a head and shoulder formation confirmation which you see marked in the chart. At the moment bitcoin is building a decisive range 8870 and 9225 level here where it has to decide whether the range is strong enough to hold and confirm the head and shoulder formation properly or the bears getting back on the track again and pushing the price down. The head and shoulder formation will be confirmed with a clear volatile break of the middle line and continuation to the upside which can be tradeable with targets at 9600 that you can see marked in orange, on the bearish side a clear confirmation below the 400-EMA, close below the support and at least a break of the lower boundary of bitcoins huge channel will confirm more pressure to the downside and end up in a bearish decline. Although bitcoin is in consolidation and both scenarios are possible the bullish scenario possibility is something higher than the bearish as the market was oversold and still trading above important support. In comparison to the rest of the market BTCUSD, XBTUSD, BTCUSDT is still the strongest pair in comparison to the rest altcoins where many already showed heavy bearish declines and confirmation below the important support levels. This can indicate a possible paradigm-shift where we get sorting out of the weak coins and the good established strong and good digitalized projects survive, which is a similar mechanism to the dotcom-bubble in 2000 where just a few from the thousands survived sustainably and still developing. There are many people calling for the complete moon in cryptocurrency bitcoin as well altcoins but this is mere unrealistic at the moment as there are more than 1500 projects and sooner or later the best projects will rise to the occasion. Therefore we should be prepared on altcoins showing declines and only the majors holding strong in the near future. In this manner, thank you for watching, support for more market insight, have a great day and all the best my friends! ;) The key to success is to focus on goals, not obstacles. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
9