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SUIUSD Still holding the 1D MA50 after 4 months! Bullish to $10.Sui (SUIUSD) has been trading within a Channel Up since the August 05 2024 market bottom. The last 10 days of December are seeing a vicious test of the 1D MA50 (blue trend-line), which is so far holding as Support. In fact the last time we had a 1D candle close below it, was 4 months ago (September 05 2024). With the 1D RSI making a bullish reversal and breaking above its MA (yellow trend-line) while the 1D MACD is about to make a Bullish Cross, both indicators in similar fashion as the bottoms of October and September 2024, we treat the current consolidation above the 1D MA50 as the strongest buy signal of the past 2 months. The previous two Bullish Legs both rose by exactly +219.25%, so our Target is currently a little below that margin at $10.000. ------------------------------------------------------------------------------- ** 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:SUIUSDLong
by TradingShot
4
BITCOIN Dominance drop is about to trigger a massive Altseason!Bitcoin (BTCUSD) closed December on a marginally bearish 1M candle and is expected to start the 3rd year (2025) of the current Bull Cycle on strong bullish pressure. As you can see on this chart, BTC Dominance (blue trend-line) has started to decline already since October 2024. That is when Bitcoin completed 36 months (1096 days) from the previous Cycle top (green candle). This is a highly cyclical pattern as BTC Dominance during previous Cycles dropped every time Bitcoin completed 36 months from the previous All Time High (ATH). That was when the Altseason started, which is the most aggressive part of the Altcoin market. Based on this chart we are about to see an accelerated drop on Bitcoin's dominance, with earnings and added capital being transferred to Altcoins, causing a new Altseason. ------------------------------------------------------------------------------- ** 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
11
SOLUSD charging for the 1D MA50. New rally started.Solana (SOLUSD) made a new 10-day High as it is rising aggressively today towards the 1D MA50 (blue trend-line), which is the first level of Resistance. We expect this rally to be the start of the new Bullish Leg of the 5-month Channel Up for three reasons. Firstly, last week's Low was exactly on Support Zone 2, which is the pivot level of the October 29 High. We've had the same bounce on Support Zone 1 when the previous Bullish Leg of the Channel Up started on September 06 2024. Secondly, the December Low almost tested the 1D MA200 (orange trend-line) before rebounding, which is the long-term Support. This is now exactly on the bottom of the Channel Up. Thirdly, the December 22 Low also made the 1D RSI rebound on the oversold barrier (30.00). As you can see, every time the RSI touched this oversold level since April 13 2024, it was a strong buy signal to at least the 0.786 Fibonacci retracement level. As a result, our short-term Target 1 is $242.00 (the 0.786 Fib). Beyond that, if the price breaks above Resistance 1 (265.00), we will buy the bullish break-out and target the top (Higher Highs trend-line) of the Channel Up at $380 (Target 2). As you can see, that would be a +119% rise from the December Low, similar to the % rise of the first Bullish Leg. ------------------------------------------------------------------------------- ** 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:SOLUSDLong
by TradingShot
1
DOGEUSD Don't let this consolidation discourage you.Dogecoin (DOGEUSD) has been trading sideways for the past 10 days, ever since the December 20 Low, following the 1D MA50 (blue trend-line) bearish break-out from the December 08 High. That was a -45% decline and naturally the current inability to reclaim those levels has many investors worried. Technically however, this is nothing more than a standard Accumulation Phase, where investors tend to take their time and buy DOGE below the 1D MA50 following a rally's correction. During this Bull Cycle, we have already seen two such phases and the one most common to the current one is the one exactly one year ago following the December 10 2023 High. As you can see both of those Highs were formed after a 1D Golden Cross. The January - February 2024 Accumulation Phase took place also after the 1D RSI bottomed on the 34.00 level. After this 2-month consolidation, the price started the Parabolic Rally sequence that peaked on the 3.0 Fibonacci extension. If the pattern continues to be repeated, we are looking at a $1.500 Target at least by March - April 2025. ------------------------------------------------------------------------------- ** 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:DOGEUSD
by TradingShot
2
BITCOIN What lies ahead after this correction? The DXY x-factor.Bitcoin (BTCUS) is having in the past 2 weeks the technical correction is should based on the previous Bull Cycle. As you can see, since the U.S. elections it has rallied aggressively past its previous All Time High (ATH), same way it did in December 2020. ** Bitcoin and Doge during 2020 ** At the same time, the alt coin market was mostly consolidating in preparation of a bullish break-out. A representative example of such behavior would be Dogecoin (DOGEUSD) as seen in orange on this chart, which during BTC's December 2020 rally, it was consolidating/ pulling-back (green circle) from an initial rally. However it remained significantly below its previous ATH, the same way it is now. ** The DXY decline sparking crypto rallies ** Notice the U.S. Dollar Index (DXY), displayed by the green trend-line on this chart. Right now it is has been rallying in the past three months, at the same time as Bitcoin has. In the previous Cycle in 2020, it hit a top during the COVID March 2020 market crash and with the smashing of the Interest Rates, it started a Channel Down decline that backed perfectly Bitcoin's rally. We has the exact same DXY-backed rally during Bitcoin's 2017 Bull Cycle. As a result, we are seeing a paradox on the current Cycle: BTC entering its most aggressive phase (Parabolic Rally) of the Bull Cycle and rallying despite DXY rising. That is attributed of course to a large extent to the huge ETF inflows (something that wasn't present in 2020). ** Overdue DXY decline? ** This leads us to believe that an overdue decline on the DXY, just as the Fed has initiated a new cut Cycle (as they did during the COVID crash), will push Bitcoin and especially the alts market, including Doge, to a new rally. Of course DXY's decline may not be as aggressive this time, as the stimulus shouldn't be that high (especially with Powell's recent remarks on a 2 rate cut expectation in 2025 instead of the previous projection of 4), but it could be enough to spark the final BTC rally of the Bull Cycle and the much anticipated Altseason. So do you think the market will rally once more on a potential 'delayed' DXY drop? 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
11
PRCL/USDT THE THE SKY IS THE LIMITPRCL/USDT SPOT update. The main markets have experienced a breakdown trend, particularly since BTC's last trend shift. PRCL/USDT is currently in a crucial support zone, which could be confirmed before 2025. What happens if this support zone is confirmed before 2025? It means the coin has the potential to break out, with a target price of up to $1. The coming 5 days can be important, after the data study of the last months. There is a signal of DCA data at the end of the month. For day traders there is no reason to enter this coin until it is confirmed the $0,50 could become interesting for the break.
Long
by SatochiTrader
ALTSEASON Merry Christmas with the biggest Buy Signal out there!First let's start this post by wishing Merry Christmas to the whole community! It's yet again the total crypto market cap (excluding the top 10 tokens) that we are looking at as this time we have the strongest possible buy signal on the 1M chart! The 1M MA20 (blue trend-line) has completed a cross above the 1M MA50 (orange trend-line). The last time this happened was during the previous Bull Cycle on the most symmetric time possible, December 2020. In the meantime, the 1M CCI was almost at the same level (around 180.00). This sense of highly cyclical repetition, indicates that the following months could be as aggressive as January - May 2021 for the market, when it topped on the 1.618 Fibonacci extension from the Cycle bottom. If that feat is repeated, we look towards a 1.65 Trillion market cap in 2025. We can't be more bullish for an upcoming Altseason than that! ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:OTHERSLong
by TradingShot
11
ETH/USD Main Trend Pamp/Dump Cycles. Accumulation/distributionThe time frame is 1 month. The graph is logarithmic. The main trend is almost entirely from May 2016 (the network was launched on July 30, 2015). Then the “hacking” story and a fork in ETC (initial) and ETH (more centralized). A week later, ETH will become even more centralized and no longer a cryptocurrency (a true understanding of what a cryptocurrency is). In a year or two, there will be no cryptocurrencies left. No decentralization, complete centralization (substitution of concepts, to achieve the goal). Coin in coinmarketcap: Ethereum (ETH) The graph shows accumulation zones and distribution zones. These are not lows and highs. Notice how the percentage of the average of the smart money set and reset prices differs from the percentage of the maximum lows and highs that the “dumb money” is so chasing. Potential lows and highs may need to be considered, but the basic work should focus on average values of the accumulation and distribution. Here's how this main (long-term trend) looks like on a line chart without “market noise”. 1 cycle of the secondary trend. The accumulation zone after the distribution started at -92.69 Before the exit from the accumulation and the reversal, it reset at -69%. It is up to you to use it or just watch from the side. You should always keep it in mind. Linear chart (trend direction without market “noise”) Note that the super reset of -69% before the trend reversal on the line chart is simply not visible. This is all local fear for capitulation of “weak hands”. So at such times you can use it or watch from the sidelines if you feel you are the “weak link”. Even larger scale between the two cycles. cycle 2 of the secondary trend Now. The cycle is now on a larger scale. Note that the price is now down from the high of -82% Linear graph. Local secondary trend work now ahead of Paris. ETH/USD Secondary Trend (part). Pivot zones. Channel. Paris
COINBASE:ETHUSD
by SpartaBTC
14
ZECUSDT: What the Market Is Whispering About Today - Zcash◳◱ On the BINANCE:ZECUSDT chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 66.05 | 73.53 | 93.48 and support near 46.1 | 33.63 | 13.68. Entering trades at 59.68 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Zcash ▣ Rank: 121 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Payments - Currencies ▣ Overview: Zcash is a privacy-preserving cryptocurrency providing anonymous value transfer using zero-knowledge cryptography. The protocol provides the option for transactions to be either shielded, in which case they will be completely anonymous, or transparent, in which case they will be visible on the Zcash blockchain. Zcash pays out a portion of its block rewards, called the "Founder's Reward", to fund protocol development. It currently allocates the Founder's Reward to the Electric Coin Company and the Zcash Foundation who develop and steward the Zcash protocol respectively. ◰◲ Technical Metrics : ▣ Current Price: 59.68 ₮ ▣ 24H Volume: 26,131,359.620 ₮ ▣ 24H Change: 8.786% ▣ Weekly Change: 4.11%% ▣ Monthly Change: 23.08%% ▣ Quarterly Change: 106.32%% ◲◰ Pivot Points : ▣ Resistance Level: 66.05 | 73.53 | 93.48 ▣ Support Level: 46.1 | 33.63 | 13.68 ◱◳ Indicator Recommendations : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 2.32 ▣ Last 90 Days: 2.64 ▣ Last Year: 1.06 ▣ Last 3 Years: 0.01 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.50 ▣ Last 90 Days: 1.17 ▣ Last Year: 0.94 ▣ Last 3 Years: 0.88 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:ZECUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
VIDTUSDT: The Tipping Point Every Trader Is Watching - VIDT DAO◳◱ On the BINANCE:VIDTUSDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.04192 | 0.05218 | 0.06923 and support near 0.02487 | 0.01808 | 0.00103. Entering trades at 0.03207 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: VIDT DAO ▣ Rank: 1044 ▣ Exchanges: Binance, Kucoin, Mexc ▣ Category / Sector: N/A ▣ Overview: VIDT DAO project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Current Price: 0.03207 ₮ ▣ 24H Volume: 2,649,650.101 ₮ ▣ 24H Change: 0.564% ▣ Weekly Change: N/A% ▣ Monthly Change: N/A% ▣ Quarterly Change: N/A% ◲◰ Pivot Points : ▣ Resistance Level: 0.04192 | 0.05218 | 0.06923 ▣ Support Level: 0.02487 | 0.01808 | 0.00103 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Summary of Technical Indicators : SELL ◲◰ Sharpe Ratios : ▣ Last 30 Days: N/A ▣ Last 90 Days: N/A ▣ Last Year: N/A ▣ Last 3 Years: 1.77 ◲◰ Volatility Analysis : ▣ Last 30 Days: N/A ▣ Last 90 Days: N/A ▣ Last Year: N/A ▣ Last 3 Years: 2.17 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:VIDTUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
ILVUSDT: A High-Stakes Moment for Traders - Illuvium◳◱ On the BINANCE:ILVUSDT chart, the Td Sequential pattern suggests momentum building up for a significant move. Traders might observe resistance around 53.59 | 67.39 | 90.06 and support near 30.92 | 22.05. Entering trades at 40.77 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Illuvium ▣ Rank: 267 ▣ Exchanges: Binance, Kucoin, Gateio, Mexc, Hitbtc ▣ Category / Sector: Media and Entertainment - Gaming ▣ Overview: Illuvium is a decentralised game studio that merges the worlds of gaming and cryptocurrency. The game studio is building an open-world RPG adventure game on the Ethereum blockchain that allows players to collect, exchange and battle NFT assets. ◰◲ Technical Metrics : ▣ Current Price: 40.77 ₮ ▣ 24H Volume: 4,601,102.937 ₮ ▣ 24H Change: -1.212% ▣ Weekly Change: -24.25%% ▣ Monthly Change: -12.83%% ▣ Quarterly Change: 7.46%% ◲◰ Pivot Points : ▣ Resistance Level: 53.59 | 67.39 | 90.06 ▣ Support Level: 30.92 | 22.05 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Summary of Technical Indicators : SELL ◲◰ Sharpe Ratios : ▣ Last 30 Days: 0.36 ▣ Last 90 Days: 0.73 ▣ Last Year: -0.42 ▣ Last 3 Years: -0.70 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.37 ▣ Last 90 Days: 1.19 ▣ Last Year: 1.03 ▣ Last 3 Years: 0.98 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:ILVUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
Will DEXEUSDT Be the Next Market Leader? - DeXe◳◱ On the BINANCE:DEXEUSDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 12.742 | 15.315 | 20.602 and support near 7.455 | 4.741. Entering trades at 11.943 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: DeXe ▣ Rank: 151 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc ▣ Category / Sector: N/A ▣ Overview: DeXe project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Current Price: 11.943 ₮ ▣ 24H Volume: 50,568,227.836 ₮ ▣ 24H Change: 9.338% ▣ Weekly Change: 40.39%% ▣ Monthly Change: 39.05%% ▣ Quarterly Change: 35.69%% ◲◰ Pivot Points : ▣ Resistance Level: 12.742 | 15.315 | 20.602 ▣ Support Level: 7.455 | 4.741 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 2.41 ▣ Last 90 Days: 1.19 ▣ Last Year: 1.42 ▣ Last 3 Years: 0.43 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.19 ▣ Last 90 Days: 0.93 ▣ Last Year: 1.01 ▣ Last 3 Years: 1.03 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:DEXEUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
Are We on the Verge of a Major FXSUSDT Shift? - Frax Share◳◱ On the BINANCE:FXSUSDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 3.366 | 4.186 | 5.572 and support near 1.98 | 1.414 | 0.028. Entering trades at 3.383 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Frax Share ▣ Rank: 275 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Financial - Stablecoins ▣ Overview: Frax attempts to be the first fractional-algorithmic stablecoin protocol to implement design principles of both collateralized and algorithmic stablecoins. The Frax protocol is a two token system - the stablecoin FRAX, and Frax Shares (FXS), which are used to stablise the system, accrue seigniorage revenue and fees, as well as provide governance rights. The degree to which FRAX is collateralized is determined by market forces, with the collateral ratio determining the proportion of FRAX outstanding to be backed by collateral, with the remainder in FXS. ◰◲ Technical Metrics : ▣ Current Price: 3.383 ₮ ▣ 24H Volume: 47,158,096.844 ₮ ▣ 24H Change: 34.299% ▣ Weekly Change: 0.52%% ▣ Monthly Change: 29.85%% ▣ Quarterly Change: 71.48%% ◲◰ Pivot Points : ▣ Resistance Level: 3.366 | 4.186 | 5.572 ▣ Support Level: 1.98 | 1.414 | 0.028 ◱◳ Indicator Recommendations : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 1.04 ▣ Last 90 Days: 1.40 ▣ Last Year: -0.92 ▣ Last 3 Years: -0.04 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.45 ▣ Last 90 Days: 1.10 ▣ Last Year: 0.96 ▣ Last 3 Years: 1.13 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:FXSUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
BITCOIN Are you scared enough? Or need to see more pain?Bitcoin (BTCUSD) touched its 1D MA50 (blue trend-line) for the first time in more than 2 months (since October 11) and is rebounding. The first presence of short-term buyers was actually felt on Friday, when the price came close to the MA50 again and rebounded aggressively. This is a natural technical reaction during such aggressive uptrends. The key Support level during BTC Bull Cycles however is the 1W MA50 (red trend-line), which has been supporting since March 2023 and was successfully tested (and held) twice on August 05 and September 06, the last of which was technically the start of the current Bullish Leg. ** The Fibonacci Channel Up ** Bullish Legs are technically part of Channels and this time is no different as Bitcoin has been trading on a Fibonacci Channel Up since the very bottom of the last Bear Cycle in November 21 2021. As you can see, we have classified the price action on this pattern in Phases, each of whom trades within one range upwards, which is why the Fibonacci Channel succeeds at accurately displaying BTC's current logarithmic rise during this Cycle. ** The Phases and the high symmetry ** Phase 1 (blue Channel) traded within the Fib 0.0 - 1.0 range, Phase 2 (green Channel) within the Fib 0.5 - 1.5 range and we expect a 3rd one, Phase 3 (red Channel) to trade within the Fib 1.0 - 2.0 range. As you may assume, there is high symmetry between sequences, Legs and pull-backs within this pattern and the one that stands out is that rallies so far tend to record +100% rises. More specifically, both the April 14 2023 and January 11 2024 Highs of +100% rallies, then pulled back towards the 0.382 Fib retracement level, the first didn't hit it, the second almost did. ** Will we test the 1D MA100? ** But that is the rally that displays the most similarities with the current one and after hitting its 1D MA50, it broke even lower and only found Support and bounced on the 1D MA100 (green trend-line). You can see even how identical their 1D RSI sequences are, which are Channel Down patterns that started showing a bearish divergence much earlier than the top. Right now the RSI is holding the 45.00 neutral level, but the January 2024 and the 2023 fractals turned into a buy on the key 36.00 level, which is bearish territory. Even though Bull Cycles tend to get more and more aggressive as we approach the end of the Cycle and ignore previous Support levels, the 1D MA100 is currently at $79250 and rising, indicating that it can 'meet' the price on lower levels than currently, assuming how quickly the RSI also hits 36.00 (any of the two conditions hits first, the cyclical buy signal can be valid). ** The remainder of the Bull Cycle ** Beyond that, we expect the next High, as we've already entered Phase 3, to be on the -0.5 horizontal Fibonacci extension (as March 13 2024 was) and on the 2.0 Channel Fibonacci ext at a price of $150000, which is the next technical extension of the Channel. After that, you can see that both Phase 1 and 2 started multi-month Accumulation phases with a potential maximum correction to the 0.382 Fib again and as Phase 3 concludes (and possibly the whole Bull Cycle), we may see another +100% rally and a possible Top at $200000. So for the current situation the key question is as mentioned on the title: 'Are you scared enough?' now the 1D MA50 has been tested? Because we may very well drop as low as the 1D MA100 before the Fear & Greed Index turns market sentiment to 'Fear' again and makes the majority misjudge the market activity as they always have. What do you think will happen next? 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
2
Why STEEMUSDT Could Be the Market's Next Big Opportunity - Steem◳◱ On the BINANCE:STEEMUSDT chart, the Supertrend Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.3086 | 0.3589 | 0.4556 and support near 0.2119 | 0.1655 | 0.0688. Entering trades at 0.2187 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Steem ▣ Rank: 504 ▣ Exchanges: Binance, Huobipro, Gateio, Mexc ▣ Category / Sector: Media and Entertainment - Content Creation and Distribution ▣ Overview: Steem is a blockchain database that supports community building and social interaction with a built-in reward system to incentivize individuals making subjective contributions. ◰◲ Technical Metrics : ▣ Current Price: 0.2187 ₮ ▣ 24H Volume: 37,295,184.283 ₮ ▣ 24H Change: 12.096% ▣ Weekly Change: -15.43%% ▣ Monthly Change: 2.14%% ▣ Quarterly Change: 14.21%% ◲◰ Pivot Points : ▣ Resistance Level: 0.3086 | 0.3589 | 0.4556 ▣ Support Level: 0.2119 | 0.1655 | 0.0688 ◱◳ Indicator Recommendations : ▣ Oscillators: SELL ▣ Moving Averages: BUY ◰◲ Summary of Technical Indicators : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30 Days: 2.18 ▣ Last 90 Days: 1.58 ▣ Last Year: 0.36 ▣ Last 3 Years: 0.16 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.70 ▣ Last 90 Days: 1.16 ▣ Last Year: 0.89 ▣ Last 3 Years: 0.98 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:STEEMUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
TONBTC: The Tipping Point Every Trader Is Watching - Toncoin◳◱ On the BINANCE:TONBTC chart, the Td Sequential pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00006793 | 0.00007471 | 0.00008795 and support near 0.00005469 | 0.00004823 | 0.00003499. Entering trades at 0.00005604 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Toncoin ▣ Rank: 15 ▣ Exchanges: Binance ▣ Category / Sector: N/A ▣ Overview: Toncoin project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Current Price: 0.00005604 ₿ ▣ 24H Volume: 2.171 ₿ ▣ 24H Change: 2.114% ▣ Weekly Change: -15.40%% ▣ Monthly Change: -1.21%% ▣ Quarterly Change: -3.14%% ◲◰ Pivot Points : ▣ Resistance Level: 0.00006793 | 0.00007471 | 0.00008795 ▣ Support Level: 0.00005469 | 0.00004823 | 0.00003499 ◱◳ Indicator Recommendations : ▣ Oscillators: BUY ▣ Moving Averages: BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 0.78 ▣ Last 90 Days: 0.00 ▣ Last Year: 1.37 ▣ Last 3 Years: 0.76 ◲◰ Volatility Analysis : ▣ Last 30 Days: 0.95 ▣ Last 90 Days: 0.67 ▣ Last Year: 0.85 ▣ Last 3 Years: 0.91 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:TONBTC analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
Unlocking DUSKUSDT: The Data That Tells the Real Story - Dusk...◳◱ On the BINANCE:DUSKUSDT chart, the Trendline Touch pattern suggests an upcoming trend shift. Traders might observe resistance around 0.3231 | 0.3765 | 0.4805 and support near 0.2191 | 0.1685 | 0.0645. Entering trades at 0.198 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Dusk Network ▣ Rank: 539 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Dusk Network is a blockchain protocol designed to support the development and deployment of security tokens. ◰◲ Technical Metrics : ▣ Current Price: 0.198 ₮ ▣ 24H Volume: 2,315,408.090 ₮ ▣ 24H Change: -2.511% ▣ Weekly Change: -25.51%% ▣ Monthly Change: 5.26%% ▣ Quarterly Change: -10.18%% ◲◰ Pivot Points : ▣ Resistance Level: 0.3231 | 0.3765 | 0.4805 ▣ Support Level: 0.2191 | 0.1685 | 0.0645 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Summary of Technical Indicators : SELL ◲◰ Sharpe Ratios : ▣ Last 30 Days: 1.92 ▣ Last 90 Days: 0.01 ▣ Last Year: 0.68 ▣ Last 3 Years: 0.24 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.30 ▣ Last 90 Days: 1.09 ▣ Last Year: 1.15 ▣ Last 3 Years: 1.18 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:DUSKUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
The Crucial Numbers Defining SCUSDT's Next Steps - Siacoin◳◱ On the BINANCE:SCUSDT chart, the Trendline Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.007926 | 0.009005 | 0.011148 and support near 0.005783 | 0.004719 | 0.002576. Entering trades at 0.005505 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Siacoin ▣ Rank: 254 ▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Services - File Storage ▣ Overview: Sia is a blockchain that offers decentralized cloud data storage and a peer-to-peer marketplace. Skynet is a decentralized file sharing and content delivery network built on top of the Sia blockchain. Siacoin is the native token of the Sia blockchain platform. ◰◲ Technical Metrics : ▣ Current Price: 0.005505 ₮ ▣ 24H Volume: 2,985,437.812 ₮ ▣ 24H Change: 1.12% ▣ Weekly Change: -19.59%% ▣ Monthly Change: -6.82%% ▣ Quarterly Change: 21.28%% ◲◰ Pivot Points : ▣ Resistance Level: 0.007926 | 0.009005 | 0.011148 ▣ Support Level: 0.005783 | 0.004719 | 0.002576 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Summary of Technical Indicators : SELL ◲◰ Sharpe Ratios : ▣ Last 30 Days: -0.69 ▣ Last 90 Days: 0.81 ▣ Last Year: 0.22 ▣ Last 3 Years: 0.09 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.04 ▣ Last 90 Days: 0.86 ▣ Last Year: 1.02 ▣ Last 3 Years: 0.94 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:SCUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
ARKUSDT: What Every Trader Needs to Know Right Now - Ark◳◱ On the BINANCE:ARKUSDT chart, the Trendline Touch pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.7765 | 0.9164 | 1.1786 and support near 0.5143 | 0.392 | 0.1298. Entering trades at 0.5201 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Ark ▣ Rank: 531 ▣ Exchanges: Binance, Gateio, Mexc, Hitbtc ▣ Category / Sector: Infrastructure - Interoperability ▣ Overview: None ◰◲ Technical Metrics : ▣ Current Price: 0.5201 ₮ ▣ 24H Volume: 3,361,359.843 ₮ ▣ 24H Change: 1.9% ▣ Weekly Change: -17.63%% ▣ Monthly Change: -9.08%% ▣ Quarterly Change: 5.33%% ◲◰ Pivot Points : ▣ Resistance Level: 0.7765 | 0.9164 | 1.1786 ▣ Support Level: 0.5143 | 0.392 | 0.1298 ◱◳ Indicator Recommendations : ▣ Oscillators: BUY ▣ Moving Averages: SELL ◰◲ Summary of Technical Indicators : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30 Days: -0.71 ▣ Last 90 Days: 0.42 ▣ Last Year: -0.05 ▣ Last 3 Years: 0.27 ◲◰ Volatility Analysis : ▣ Last 30 Days: 0.99 ▣ Last 90 Days: 1.31 ▣ Last Year: 1.19 ▣ Last 3 Years: 1.19 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:ARKUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF