STX USDT LONG SWING | STXUSDT | LONG @ 0.75 - 0.78 | TP @ 0.79, 0.8, 0.81, 0.82, 0.83 | SL @ 0.66 | PATTERN = ASCENDING CHANNEL | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:STXUSDT BINANCE:STXUSDT.P BYBIT:STXUSDT.P KUCOIN:STXUSDT COINBASE:STXUSD COINBASE:STXUSDT OKX:STXUSDT.P OKX:STXUSDT OKX:STXUSDC KRAKEN:STXUSD BINANCE:STXBUSD MEXC:STXUSDT.P
Cryptocurency
TOTAL2The Total 1 index, which indicates the total value of the crypto market, has reached its weekly resistance, as shown in the picture, while the Total 2 index, which indicates the value of the crypto market minus the market value of Bitcoin (i.e. Ethereum and others), has not yet reached its weekly resistance. This is an indication of the survival of altcoins compared to Bitcoin. In the previous analysis, possible scenarios were presented with regard to the dominance of Bitcoin, which should be seen if this survival will be compensated or if the reason for this is simply that the market is less favorable to altcoins compared to Bitcoin. It is also logical
BTC.DAccording to the previous analysis, Dominance Bitcoin has moved up to its weekly time frame resistance and as long as the previous log, and it is resting and suffering, and with the failure or rejection of this resistance, various states may be formed in the market:
🔰Dominance and Bitcoin both break the resistance »Bitcoin will grow better than altcoins
🔰Dominance and Bitcoin will both be rejected from resistance »Bitcoin will have a better fall than altcoins
🔰 Dominance will break the resistance and Bitcoin will be rejected from the resistance » Altcoins will have a better fall than Bitcoin
🔰 Dominance will be rejected from the resistance and Bitcoin will pass through the resistance » Altcoins will have a sharper upward movement than Bitcoin
Any of the above situations may happen, but it seems that a correction in Dominance and, as a result, a further correction of Bitcoin compared to altcoins is more likely.
DOGE SHORT SETUPAfter a long period of time, the price has been below the daily resistance range, but it has not been able to break its downward trend line and cross its static resistance, and also collect buy stop orders and change the price structure at the same time as the break. An upward trend line has formed
Therefore, in the upward price return, according to the BPR array formed in the range of volume density, we can expect the price to be rejected from this range.
Bitcoin Exclusive Bull Run Technical Analysis: A Comprehensive GBitcoin Exclusive Bull Run Technical Analysis: A Comprehensive Guide By CryptoPatel
Introduction:
Bitcoin, the world's leading cryptocurrency, has been on a rollercoaster ride for the past few years, experiencing extreme highs and lows. In this comprehensive guide, we will take a closer look at Bitcoin's past bull runs and analyze the current market scenario to predict its future price movements. The analysis is based on the technical expertise of CryptoPatel, a renowned cryptocurrency analyst. So, let's dive into the details and explore Bitcoin's future prospects.
Bitcoin's Past Bull Runs:
As per the weekly chart, Bitcoin's previous bull run occurred in 2017, where it hit an all-time high of $19660. However, after the peak, Bitcoin experienced a dangerous dump and hit a bottom of $3120, which was 84% down from its all-time high. This downturn made many investors panic and assume that Bitcoin's target would be $1000. Still, Bitcoin made a strong bounce from the $3120 level, and many investors who used high leverage got liquidated.
After the 2017 bull run, Bitcoin again rose and reached $13875 in 2019, which was a 0.786 Bearish Fibonacci retracement level. However, it again experienced a 67% dump after being rejected from the 0.786 Bearish fib retracement level. This time, it went down till $3913, which was also a 0.786 Bullish fib retracement of the bull mode from the bottom $3120 level. This 0.786 Bullish fib bounce was insane and hit Bitcoin's new all-time high of $68,991.
Bitcoin's Current Scenario:
Bitcoin's last bull market all-time high was $68,991, but it then experienced a hard dump till $15470, which was approximately 77% down from its all-time high. In the current bear market scenario of 2022, Bitcoin tested a new bottom of $15470, and many investors accumulated Bitcoin at this level, as suggested by CryptoPatel, which was their first entry.
Bitcoin has now surged 75% from the current bear market bottom, and CryptoPatel predicts that Bitcoin will hit $42000-$49000 in October 2023, which will be the first exit point. This exit will be the 0.786 Bearish fib retracement from the year 2021 top to the year 2022 bottom.
After the first exit, investors can wait for the second entry around $20,000-$24,000, which might occur in March 2024, near the Bitcoin halving months. This entry will be the 0.786 bullish fib retracement at this point.
After the second entry, investors can hold their Bitcoin till October 2025, where Bitcoin is predicted to hit $150k-$180k, which might be the top of the next bull run.
Conclusion:
Based on the technical analysis of CryptoPatel, it is suggested that investors never sell their Bitcoin until the year-end of 2025. Bitcoin has been on a rollercoaster ride, experiencing extreme highs and lows, and CryptoPatel's analysis provides an excellent roadmap for investors to navigate through Bitcoin's future prospects. However, it is important to remember that investing in cryptocurrencies involves high risks, and This is not Financial Advice so investors should always conduct their research and invest wisely.
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btcusdtBased on my analysis of Bitcoin price movements, I anticipate a potential decline in value that may occur in three distinct waves from current levels. However, I see this as a potential opportunity to purchase Bitcoin at a lower price point, specifically during the completion of wave 2 from the previous bullish trend. In other words, I will be looking to buy Bitcoin at a discounted rate during this potential dip in order to capitalize on its eventual recovery and future upward trend.
USDT.DDominance Tether moved in the daily time frame according to the expected scenario and reached an important range and was rejected from it, although it was expected that after reaching the daily range in the lower time frames, it would have a correction, which Mr. Pavel Vou bankrupted several banks. American Momentum increased this failure to reach the current range and important support of Bitcoin, which we will discuss in the next analysis. In the current situation, according to the important resistance that we are facing, the possibility of correction in Dominance Tether and the relative growth of the market is more than the continuation of the fall, unless this trend line is also broken and Bitcoin goes to new floors.
BTCUSDBitcoin was also pumped as expected and by attacking the previous ceiling with a lot of momentum, it strengthened the possibility of crossing this ceiling and if this scenario happens to Bitcoin, it should move in the form of wave C up to the maximum range of 38000, according to time analysis. It has happened that it cannot be displayed in this time frame. In the next 3 months, we can expect to reach these areas, but in the current situation, considering the failure of 25,000 and the rejection of 26,000 and the high-momentum movement of the price, the possibility of forming a corrective wave up to the base of 22,500 and The continuation of the upward trend is stronger than the fall of the market, although the main driver of the movements in these market conditions is the Federal Reserve's policies on the American economy, but the condition for this scenario to be fielded is the failure of the 19500 support range.
USDT.DAs mentioned in the previous analysis, Dominance Tether also reached the support range as expected and we saw growth in the market as a whole, but we are still involved in a very strong range of 6.5 to 7.3% in Dominance Tether, which is more likely to break out of the bottom with time correction. Which will naturally lead to breaking the ceiling of 26000 in Bitcoin and moving towards higher goals. In the meantime, with this index suffering at the bottom and ceiling of this range and even retesting the downward trend line according to the Bitcoin Dominance analysis, we can correct the price of altcoins and suffer or correct the price of Bitcoin.
🅱️ Bitcoin + Altcoins Correction Phase Ends (Name Your Altcoin)The correction ended for Bitcoin in a flash but this is true for the Altcoins as well.
✔️ As Bitcoin resumes growing, our beloved and amazing Altcoins also resume growing.
We looked at 60 pairs together and then dozens and dozens more in the last part of this series.
I am getting many questions asking about different pairs and their status, so let's do it again.
Name Your Altcoin Part 8 - Instructions
This time we will do it in the comments section below.
Name the Altcoin pair you would like to get an update on.
You can add any specific doubts you might have such as: How far up can it go in this wave? What are the support levels if it crashes? How long can it take to reach certain targets? etc.
1 Pair per comment. Those listing their pairs correctly will get priority. Those listing many pairs will go last.
Example
- BTCUSD (Correct) | Pair ticker ✔️
- Bitcoin (Incorrect) | Missing the pair in question
- BTC (Incorrect) | Pair is missing
Technical Analysis Success
Everything is going as we predicted and so we can continue with the same bias, the same time expectation, the same map; the same everything.
When things start to change or go different to our predictions then we adapt and change, fast.
We are set to continue growing until late April.
A correction can happen in the last part of March still ending in a higher low.
Then the 5th wave in April and this would conclude this bullish wave.
After the 5th wave a major corrective process can develop and a new accumulation phase... We will have to wait and see how it goes.
Safe, secure profits and make sure to make the most out of this bullish wave because we still have to go through turbulence in this year 2023.
The Cryptocurrency Market Trend Simplified
✔️ 2023 Is the Recovery year | Consolidation, Shake-outs, Squeezes, Doubt and UP!
✔️ 2024 Is the Bull-market year | Higher highs and higher lows with everybody agreeing (no bears left at this point).
✔️ 2025 Is the Top, Bull-run year, end of Bull-market | New All-Time High, Euphoria, Excitement, Hype, FTX like companies popping up, Speculation, Lambos and Scams, Moon, "I am quitting my job", etc.
Then the cycle repeats and from the top we move down but the long-term trajectory will continue to be up.
I am here with you but we don't know for how long.
So let's make the most out of this experience.
Bitcoin survived its initial years 2010, 2011, 2013, etc. These were really hard ones.
Bitcoin has now been established as part of the firmament, regardless of how bad it gets.
Through the challenges and struggles that we overcome we grow.
The harder it gets, the more innovation will be needed which pushes Bitcoin to evolve.
It is not only about "Bitcoin", it is about all of us.
Money is an intrinsic part of the human experience.
Money being free, would mean that we are also free.
Money being manipulated and controlled, would mean that we have much more to grow.
It doesn't matter... Once you get through the challenges, you can enjoy the results.
Name Your Altcoin in the comments section below.
Namaste.
BTCUSDAccording to the replicated analysis of Bitcoin in the daily time frame, as mentioned, the weakness of the trend in the range of 25,000 has formed the end of wave 5, and last week's falling movement can be considered a correction in the form of wave A, although the end of wave 4 of A has not yet been determined. As a result, the continuation of the trend and the end areas of the movement and the amount of its correction are not known, but the drawn scenario is the most likely state, from the point of view that every top is an opportunity to sell until the completion of the corrective wave.
BTCUSD_DAccording to the previous analysis, Bitcoin has made its correction in the form of a pullback by breaking the daily and weekly trend lines with the news data of the Federal Reserve and has reached the resistance ceiling of 25000 in the lower time frames. Let's consider the upward movement formed as 5 waves. In this area, we see the formation of an important resistance range of Fibo tubes, which the divergence in RSI also confirms this weakness of the trend, although if the demand pressure continues in the coming week, with the failure of this resistance, the price potential will grow up to The volume concentration area is $30,000, which can be the end of wave 5.
ICP Breakout Major ResistanceHello Traders,
The web3, AI, and data narratives in blockchain are getting hype lately and i think it will be new trend. Especially data service such as indexing, oracle, etc., because it will be the foundation of web3 and AI including ICP project.
Based on Dfinity roadmap, ICP not only want to be a full web3 infrastructure but also make defi run on its own network that will attract a lot of liquidity. This vision is shown on the chart itself that ICP was showing strength since early of 2023 and just breaking out the major trendline resistance on btc pair from 4H - Daily time frame.
Possible short term target 3400 - 3700 sats
Midterm target 4600 sats
Can wait for pullback below 2900 sats to entry
Cheers!
$EGLD is building hudge! Check out the news, DYOR!We will see $EGLD over 1.000 USD in a year.
IF today #MultiversX has 2 mil users, tomorrow it could reach 1 bilion.
twitter.com
See who is TENCENT :
en.wikipedia.org
... also, let me remind you, they will launch a lot of new products and features:
multiversx.com
Future is near the corner and #MultiversX are one of the builders.
DYOR!
CHEERS!
Financial Wave. BTCThe price of Bitcoin dropped to the level of canceling our upward forecast of $23,608. The fall has stopped, and as long as the price of BTC is above this mark, there is a possibility that the growth in wave 5 will continue and bring the price of BTC to $26120. If Bitcoin drops below $23608, our priority scenario will change.