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BTC at HTF range middle 📉 Bitcoin Daily 📈 Bitcoin closed week at 66653. That was above higher timeframe range middle and above developing quarter VWAP. Can't say this price action looks bullish, but at least it hasn't yet completely wiped out all the bulls. In short term perspectives there is still a chance for a bounce to May close this week. Higher timeframe picture and conditions remain the same. Acceptance below 66k will lead to BTC drop down to 63-64k and possible dips down to 59k (HTF range bottom). Last week close gives me bearish vibes - even if this week close above range middle chances to see those dips are close to "guaranteed". Nearest liquidity pools: above - 67260 / 67720 / 69195 / 70290 below - 65675 / 64885 / 64220 / 63080 Lines on the chart: 🔸72132 - May high 🔸71363 - March close 🔸69667 - week close 🔸68540 - week close (May) 🔸67577 - May close 🔸66653 - week close 🔸64025 - last April week close Trend: D ▶️ W 🔼 M 🔼 🤑 F&G: 71 < 71 < 74 < 74 < 70
by WiseAnalyze
5
BITCOIN Underlying trend-line coming into play.Bitcoin (BTCUSD) has been holding so far the 1D MA50 (blue trend-line) as Support, which was the primary objective, closing all 1D candles since Friday above it, but now an underlying trend-line is coming to center stage as it got tested also on Friday successfully. That is the Lower Highs trend-line that started on the March 13 High and rejected BTC on Lower Highs initially, before transitioning to a Lower Lows Support on May 23. If that holds, the chances of a rebound towards the Resistance Zone, are amplified greatly. Practically, as long as the 1D MA50 holds, a bullish signal will emerge when the price breaks above the 4H MA50 (red trend-line), in which case we have a target at 72000 (bottom of Resistance Zone). If on the other hand BTC closes a 1D candle below the underlying trend-line, prepare for 61000 (top of Support Zone) and potentially a long-term bottom formation on the 1D MA200 (orange trend-line). Notice that on the previous Bearish Leg (April 08 - May 01) of this 3-month consolidation structure, the price remained bearish as long as it stayed below the 1D MA50. The 4H MA50 never broke to the upside while the price was above the 1D MA50. That is why it will be a bullish signal if it breaks while BTC is above the 1D MA50. But what do you think will happen next on the short-term? Will we see 72k or 61k first? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
1
SOLUSD Not the time to buy yet.Watch the 1WRSI. Is 4k realistic?Solana (SOLUSD) has been on a correction mode since the March 2024 High, in an attempt to technically harmonize the massive rally of 2023. The 1W RSI Double Topped in the same month and this is where all the essence of the current price action is. The 1W RSI peaked on the exact same level (86.00) back on the week of August 24 2020. It didn't find a bottom before entering into bearish territory again around 41.50. That correctional Channel was more aggressive than the current, so this time we may only seek confirmation from the 1W MA50 (blue trend-line), which has been supporting ever since the late September 2023 bullish break-out. In any case, we believe that the RSI's Bull Cycle Buy Zone, will again give the most optimal buy entry, so we haven't bottomed yet. In any case, we are well within the Mayer Multiple Bands, in fact March's rejection came on its 2 SD above, at the bottom of the Red Wave. During the previous Cycle, Solana rose by 51250% from the time is started to form the current long-term Fibonacci Channel Up. If we measure the same % growth from the recent Bear Cycle bottom, then we are looking at a peak a little above $4000. Odd as it may look, keep in mind that Solana has already rose by +2500% up to March's High and if it indeed reaches 4k this Cycle, the rise will be less (+1900%) from March's High than it was from December 2022 to March 2024. Unrealistic or not, it is up to your mind and capital to judge that but it is a fact that the market is only now entering the most aggressive phase of it Bull Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSD
by TradingShot
4
BITCOIN Failure to hold the 1D MA50 leads to $60k.Bitcoin (BTCUSD) was rejected yesterday on the 4H MA50 (blue trend-line) and that caused another pull-back that is about to test the 1D MA50 (red trend-line) once again. On Tuesday this level held and is critical to continue to do so as a breach might lead us to $60000. This is what took place on the April 08 - 19 Channel Down. It is important to note that after the bearish break-out, the price was rejected straight on the 1D MA50, which basically confirmed the continuation to 60k. We are currently on a similar Channel Down. Do you think the 1D MA50 will hold or break and push BTC to 60k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
7
Ethereum at the edge of dump Year VWAP VAH was at 3645 (same as March close) - ETH dipped below it and yesterday went up for bearish re-test, where it got rejected. That hugely increase chances for further retracement towards breakout level around 3260-3340 at least. Year VWAP is around 3123 and act as high timeframe magnet for the price. By the time ETH gets to it, most probably it will rise higher and meet the zone I've mentioned above. ETH ETF will be approved by the end of this summer, so long term I stay bullish. The only question, is where to buy. Zone of interest for me starts under 3400 and I will monitor price action there to catch that bottom (after lower timeframe confirmation of course).
Short
by WiseAnalyze
BITCOIN Retesting the 1D MA50. Is it alarming?Bitcoin (BTCUSD) has been practically consolidating since the May 21 High and the recent pull-back of the past 5 days is starting to inflict a certain degree of fear in the market again. So far the effect is only on the short-term as yesterday, the 1D MA50 (blue trend-line) was tested (first time since May 17) and held. This is something we have seen before on February 06 2024 and October 14 2023. All 1D MA50 re-testings have taken place after the price broke below the 1D MA50 (blue arc) and formed the bottom of the Bearish Leg. The pattern can be easily classified into phases, with BTC trading within the Mayer Multiple Bands (MMB) Mean and the MMB 2SD below. A Channel Up follows after each 1D MA50 test that approaches the MMB. The only parameter that's left to confirm the start of this (blue) Channel Up that will test the MMB is the 1W RSI to break above its MA level (yellow trend-line). As you can see 100k following that, is a rather conservative technical Target within this pattern. Do you think that critical psychological level will get hit following this pattern? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
SUSHI/USDT Secondary trend. Horizontal channel 11 months = 108%Logarithm. Secondary trend. Time frame 3 days. Long-term horizontal channel (accumulation) with the step of 108%, currently 11 months long. The key “level” of the channel formation is 1.128 (last update, before the accumulation formation). There were no stop loss withdrawals under this channel at the moment. The price is currently at the lower zone of this channel. Potential reversal zone. Working in the channel. This is what it looks like on the line chart. Main trend. Time frame 1 week.
by SpartaBTC
38
OMUSD Breaking out. Catch it if you can!Mantra (OMUSD) broke today above the top of its Rectangle, which has been the pattern it consolidated in since late March. The recent low of May 30 was supported just above the 1D MA100 (green trend-line) and that initiated the current rebound. This is not very different than the March 04 break-out, which after holding its 0.5 Fibonacci retracement level, it started an aggressive rally towards the 5.0 Fibonacci extension, registering a +360% rise. This gives us our current Target at 2.800. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:OMUSDLong
by TradingShot
DMAIL:USDT SHOWING INTERESTING BREAK VIEWwe see that the main market is in a breakdown-low time frame, but Dmail shows a possibility of a break in the coming time frames. * This coin is known for unexpected whale increase candles. (out of TA) Depending on our study's low time frame, there is a good chance this coin can break. Further, the Market goes on its way, and it can first have a back trend before increasing. For this reason, always manage the risk and trade only what your plan allows( this system can be used on all coins) We will wait first for market confirmation before following this coin further. ( as long the coin in the box there will be no active following of the coin. the interest will start only from the yellow candle. This update is not trading advice - Coin range = HIGH RISK - HIGH reward
DLong
by SatochiTrader
BITCOIN Keep this scenario at the back of your mind.Bitcoin (BTCUSD) requires at all times that we are openminded to all possibilities and not just one. This suggests that we need to be prepared for scenarios that often go against the trend, the majority of opinions and momentum (whether euphoric or panic). Along those lines, we present you today a medium-term pattern that is possible and even though it doesn't contradict the long-term trend (which is bullish), it does go against the short-term general market euphoria of recent days. As you can see, within the dominant Channel Up since December 2022, BTC had its first major 'correction' through a Rectangle, which has basically been an accumulation pattern. The price found Support, formed a bottom and start rising again after it broke below the MA50 (blue trend-line) and just before it tested the MA100 (green trend-line). If we experience the same kind of accumulation again, then BTC is currently on a 'hammer' rejection level similar to July 12 2023. Even the RSI patterns among the two fractals are similar. This indicates that the Buy Zone will be within the MA50 and the bottom of the (green) Rectangle. But what do you think? Will this 'unpopular opinion' be materialized? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
13
SPEC ( SPECTRAL) CAN ENTER NEW ALL TIME HIGH $24 SOON!Thanks for reading this update. We expect that there is a high chance that SPEC will enter $24, since the confirmation. SPEC is a new coin that can show unexpected targets. We will follow this coin for new ATH. The coin has 2,684 holders at this moment and MAX TOTAL SUPPLY 100,000,000 SPEC- top 10 whale wallets stable, and 30% is exchanges. The same study we did before on WLD and it did increase up $9 See the previous update with day by day follow This update will follow the same daily as the WLD update since confirmation. This is not trading advice, manage in all time the risk 100% Trade only or invest if your plan expects the same, otherwise, there is no reason to enter a coin like this. For us, we expect soon ATH. The best that you can have in a coin is positions building trends. - and this coin is the first confirmed one since long time
Long
by SatochiTrader
2
Anticipating a breakoutXRPUSD has formed a pattern resembling a symmetrical triangle over the past few weeks, and as the price slowly approaches the apex of this formation, it presents an interesting trade setup with two alternative scenarios. The first scenario involves taking a long position after a breakout above the triangle’s upper bound. The second scenario involves entering a short position after the triangle’s lower bound is penetrated to the downside; particular bounds will serve as stop-loss levels in the case of price retracement. Technical conditions Daily time frame = Neutral Weekly time frame = Neutral Monthly time frame = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSD
by Tradersweekly
2
$70,000 continues to be an obstacle for BitcoinYesterday, Bitcoin again tested the resistance near $70,000 but failed. After soaring to $70,258, it quickly dropped below $69,000, where it currently trades. Overall, not much has changed from a technical perspective since our previous update; merely the sideways trend of a lesser degree became more apparent, with Bitcoin struggling at the $70,000 mark. As such, our focus continues to lie at this point, along with the two sloped channels shown below. Illustration 1.01 The daily chart of Bitcoin (BTCUSD) above shows the descending channel, with its upper bound acting as an important resistance for the price. To support a bullish case in the short term, it would be ideal for Bitcoin to close above the resistance level for multiple consecutive days; the resistance’s importance grows with each retest. Illustration 1.02 The image above shows the ascending channel within the larger descending channel; its lower bound acts as a resistance. Illustration 1.03 The illustration above displays an alternative trendline on Bitcoin's (BTCUSD) daily graph, which acts as critical support for the price. Technical conditions Daily time frame = Neutral Weekly time frame = Bullish (losing momentum) Monthly time frame = Bullish Bitcoin addresses Initially, the number of Bitcoin addresses with balances exceeding 1,000 BTC increased slightly after the big slump we described on 29th May 2024. However, while this figure is still above its 28th May 2024 level, it resumed a decline in a new month, which is not a particularly positive sign. The same trend can be observed among the addresses with balances exceeding 100 BTC. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSD
by Tradersweekly
DODO/USDT Secondary trend. Accumulation channel 08 2023Logarithm. Time frame 3 days. Accumulation channel 15 months. The main step of dialing according to liquidity, 80%. Local trend—descending wedge. Pivot zone from key support/resistance levels. The percentage for orientation is shown. This idea is a continuation of a similar idea published a year ago at the beginning of the formation of the channel of the set with the exact zone of the set with a step of 80%. DODO/USDT Local work. Volume Very long accumulation - 1.5 years. There is a stop loss long collection under the channel support. There is a volume set. Which will be distributed at cycle change. Linear chart with no market noise. Main trend The main trend of this cryptocurrency can be traced in this idea published 1 year ago. Time frame 1 week. DODO/USDT Major trend. Downward channel.
Long
by SpartaBTC
38
BITCOIN You might not be ready for such June!Bitcoin (BTCUSD) is doing it and yet again it is going under the radar for some. The price broke out yesterday from its short-term Falling Wedge and as we showed you is extending the Bullish Leg of the Channel Up. Zooming out to the 1M time-frame, we can see that May closed in gains (green) and since August 2023, there has only been one month of losses (red 1M candle) and that was April. Even though that injected some uncertainty to market participants, we clearly see on this long-term chart that sporadic 1 month losses are very common in Bull Cycles, especially during parabolic rallies. In fact they are essential as they create the right shake-out conditions to keep fueling the rally. The symmetry among BTC's Cycles is remarkable and right now with the 1W MA50 (black trend-line) in deep support, it is attempting to get detached from the Mayer Multiple (MM) 1 SD above (grey trend-line), much like it did on October 2020 and April 2017. Based on that, we are looking for the rally to extend to at least the end of the year and reach a Target Zone within $150k - $200k within MM 2 and 3 SD above (orange the red trend-lines respectively). Last but not least, take a look at the 1M RSI, which is also on a symmetry with the previous Cycles and once it touches the Lower Highs trend-line, we should consider to start taking profits regardless of whether of the range the price might be at the time. But what do you think? Are you prepared for a 'hot' June and if yes, how high do you think BTC will go? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
5
BITCOIN Major Bullish Break-out taking place.Bitcoin (BTCUSD) broke today above the top of the Falling Wedge pattern, which is technically the Bearish Leg of May's Channel Up. If the days closes above it, we will have a repeat of the May 13 Bullish break-out but this time even stronger as the 1D Stoch RSI has formed a Bullish Cross on oversold territory. As mentioned on our previous analysis, the last Bullish Leg of the Channel Up peaked at +19.50%, so we expect BTC to replicate this. Our Target is 79000. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
5
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 31, 2024Technical Analysis and Outlook: Bitcoin gyrated in this week's trading between our major Mean Sup 67100 and the newly created Mean Res 69400. The upward movement target shows a continuous target of Bull Stage Squzee Rebound 73200, marked as Key Res 73200. The main obstacles are Mean Res 69400 and 71500, respectively. On the downside, we look at the established Mean Support at 65000 as a concrete target before a renewed upswing occurs.
BITSTAMP:BTCUSD
by TradeSelecter
SAFE NEW INCREASE VOLUMEHello traders, SAFEUSDT is showing an interesting reversal pattern that could signal a new trend towards its previous all-time high (ATH) level. Today, the coin has demonstrated a new trend activation, prompting us to update the idea chart to reflect this increased potential. There is a high probability that we will see a rise in volume in the upcoming time frames. Markets are going on their way, and there is not always a reason that the market should move directly. Sometimes it takes more time before the trend gets a confirmation. there are no guarantees in the market and This idea is not trading advice. The goal is to check where are the moment possibilities in trading, and the possibilities that the market can have in the coming time frames. ( depending on study and high chance)
Long
by SatochiTrader
BITCOIN Inverse Head and Shoulders targeting $79500Bitcoin (BTCUSD) is technically about to complete the Right Shoulder of the Inverse Head and Shoulders pattern (IH&S) that followed the All Time High (ATH) of March 14. The driving vessel behind it is a (dotted) Channel Up whose Bullish Leg peaked at +19.50% and its two Bearish Legs so far have been around -8.00%. As you may realize, there is a high degree of structural symmetry on these patterns as even the IH&S has distinct Support and Resistance Zones, with Sour interest currently being on Support Zone 1, which has already held twice since May 23. As a result, as long as it holds along with the 1D MA50 (blue trend-line), the trend remains bullish and the IH&S technical dynamics target the 2.0 Fibonacci extension at $89000. However we keep at the moment a shorter term perspective and before 89k, we will aim at $79500, which would be a +19.50% rise, similar to the Channel's previous Bullish Leg. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2