BITCOIN The three Expansion Phases of the Cycle.We have talked about Bitcoin (BTCUSD) hitting the $100k Target on numerous analyses and one of those was almost 4 months ago (August 26, see chart below), where we introduced the 2-year Channel Up, which has been the dominant pattern since the very beginning of the new Bull Cycle:
That piece of analysis was on the 1M time-frame but today we will examine it from the 1W perspective as the horizon narrows. We have made some slight modifications and the one that stands out is that we've classified it on Expansion Phases.
The key characteristic of those was the mid-Phase consolidation, which on the previous 2 took place within the 0.382 - 0.5 Fibonacci range, while the 1W RSI also turned sideways for the first time since the Channel Up bottomed.
With this marker, the consolidation phase is easily identifiable and according to it, we are currently on once. As a result, we can assume that we are within the 0.382 - 0.5 Fib range of Expansion Phase 3. This indicates that there is still plenty of room to rise. Based on that, a $150k Target is technically plausible before Summer.
So do you expect to reach 150000 so fast, if we do at all during this Cycle? Feel free to let us know in the comments section below!
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Cryptocurrencies
LINKUSD rally similar to 2020/21 has started.Chainlink (LINKUSD) gave us a fantastic bullish break-out on our last call (October 01, see chart below) as it was pretty much expected based on the 2020 Cycle fractal:
Based on the chart above, our $53.00 Target remains for this Bull Cycle (4.382 Fibonacci extension) but if you want to trade shorter term, the dominant pattern right now (until broken) is the Channel Up that started after the June 10 2023 bottom.
Having formed a 1D Golden Cross just 2 weeks ago, we can see the resemblance of the current Bullish Leg of the Channel Up with the previous one, which was also confirmed after the last 1D Golden Cross was formed on October 12 2023.
The similarities are evident even on their 1W MACD sequences and as that Bullish Leg rose by +361.50%, we expect a similar pattern. This gives us a short-term Target of $40.00.
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BTC Long: 200D SMA Bull Regime & RSI SignalsWe are now trending in overbought territory across both Monthly, Weekly timeframes. However, there is still room to go... To measure RSI strength we are leveraging our powerful Adapted RSI indicator.
Whilst, the 200D SMA indicator helps traders identify market regimes using the powerful combination of 50 and 200 SMAs. It provides clear visual signals and detailed metrics for trend-following strategies.
Key Features:
- Dual SMA System (50/200) for regime identification
- Colour-coded candles for easy trend visualisation
- Metrics dashboard
Core Signals:
- Bullish Regime: Price > 200 SMA
- Bearish Regime: Price < 200 SMA
- Additional confirmation: 50 SMA Cross-over or Cross-under (golden cross or death cross)
SUIUSD Explosive channel Up targeting $7.000Last time we looked at Sui (SUIUSD) we called it in a figure of speech the "Solana killer" (October 29, see chart below), projecting that its current Bull Cycle will be like SOL's 2020 - 2021:
On the current analysis we view SUI on its own on the 1D time-frame and on a much shorter-term horizon. The dominant pattern has been a Channel Up since the August 05 Low and the dynamic that stands out is that during every Bullish Leg, there has been a +138.89% rally.
Technically the rally is initiated after the 1D MACD forms a Bullish Cross and right now we are on the 2nd successive one. As a result, being supported by the 1D MA50 (blue trend-line), we expect at least another +138.89% rally from the recent Higher Low, thus targeting 7.000. As you can see, that is on the 0.786 Channel Fibonacci level, which hasn't been broken since August 13.
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MANAUSD a 1-year parabolic rally is starting. DON'T MISS IT!Decentraland (MANAUSD) almost touched its 1W MA200 (orange trend-line) last week, following the bullish break-out above the Bear Cycle's Lower Highs trend-line 3 weeks ago. This is the last confirmation it needs before it validates the Cycle's parabolic rally as the 1W MA200 was were the price was rejected on March 04 2024.
This sequence resembles the bullish break-out pattern of August 03 2020 that also turned the 1W MA50 (blue trend-line) into Support and after a consolidation, by late December 2020 it initiated the parabolic rally.
This rally rose by +3390% before the first correction back to the 1W MA50, so if MANA continues to repeat that previous Cycle, it can rise as high as $18 before it corrects. The 1W RSI sequences between the two fractals also highlight their striking resemblance, as both are rising on Higher Highs on a Bullish Divergence against the price's Lower Highs.
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BITCOIN This is why $250k is a Cycle Top candidateBitcoin (BTCUSD) is now cruising on the Bull Cycle's most aggressive phase, the Parabolic Rally. We got the final confirmation as it broke above and now established the 1st Standard Deviation from Above (grey trend-line) of the Mayer Multiple Bands (MMB) as the new Support.
Having already broken above the previous All Time High (ATH) Resistance, every time BTC flipped the 1st SD into Support while above the ATH, it hit at least the 2nd SD (orange trend-line) before the Cycle Top was priced. This level is currently at $181700 but rising along with the trend
What adds a more specific dynamic to the potential Cycle Top though, is that during Bitcoin's 11-year Higher Lows trend-line growth, it posted rallies of at least +1719% on each Cycle. As the Cycles progressed and due to the Law of Diminishing Returns, this rally started lower each time.
This shows the great significance of this rally and as a result, on the current Cycle with can estimate from its very bottom (November 2022). This suggests that we can reach at least $250k before or around the time the 2nd SD is tested. In addition, all Cycles have topped after the 1M RSI makes contact with its historic Lower Highs trend-line.
So what do you think? Is $250k a strong candidate for a Cycle Top? Feel free to let us know in the comments section below!
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GALAUSD This pull-back is a great buy opportunity.Gala (GALAUSD) gave us an excellent buy signal on our previous call (August 23, see chart below) as after some consolidation, it rebounded aggressively to its 0.786 Fibonacci and hit our 0.0600 Target:
This week's pull-back may be aggressive but so far is only a technical correction towards the 1D MA50 (blue trend-line). Its recent Golden Cross with the 1D MA200 (orange trend-line) on November 30, is the first such formation in 1 whole year (last one on December 05 2023).
As you can see, the two fractals are not identical but share certain symmetric similarities (also on CCI terms), so it is possible for this pull-back to reach as low as the 0.5 Fibonacci retracement level and then rebound.
Even though the March 10 2024 High was priced on the 1.786 Fibonacci extension, our next Target should be within the 1-year Channel Up (until broken), so we will be aiming for 0.11500.
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BITCOIN nothing to stop it now! Can top anywhere inside 250-400kMore than 1 year ago (September 05 2023, see chart below), we published the following Bitcoin (BTCUSD) idea, which very illustratively presented the potential course of the new Bull Cycle:
As you can see, BTC managed to trade an entire year rising within this green Arc pattern and always below the Cyclical Pivot trend-line that emerged from the bottom of the 2018 Bear Cycle.
We made the last update on this chart last August (20 2024), where we called the end of the 5-month correction since March and the start of the new Phase (final Parabolic Rally) of the Bull Cycle.
** The key hold of the 1W MA50 **
The key for that call was the fact that the 1W MA50 (blue trend-line) held twice during the August sell-off and supported. As you can see, on all of BTC Bull Cycles, the 1W MA50 has been supporting post Halving and never broke until after the Top and the start of the new Bear Cycle.
** Symmetry of pre and post-Having **
Given that historically the Bull Cycle lasts post-Halving almost the time it lasted from the bottom to the Halving, we should expect its top around December 2025 - January 2026 and if it is on the Cyclical Pivot trend-line, then it could be as high as 400k.
However, even on a less optimistic scenario where it lasts 1064 days (152 weeks) from the Bottom (not counting FTX crash), like the 2015 - 2017 Bull Cycle, we can expect a peak a little over $200000 on the Cyclical Pivot trend-line.
** The 1W RSI series of Tops **
It is important to notice that the 1W RSI is recovering from the overbought volatility correction, having dropped from a massively overbought 88.50 High (March 04) to a practically bearish 45.00 Low (September 02). As this chart shows, BTC tends to top on levels similar to the first 1W RSI of the Cycle, so there is still a lot of way to go before it tops, especially if it follows the 2015 - 2017 Bull Cycle, which had four almost symmetrical such Tops.
But what do you think? Are you also expecting Bitcoin to top anywhere within a $250 - $400k range? Feel free to let us know in the comments section below!
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The Future of LTOUSDT: A Look at the Key Catalysts - LTO Network◳◱ On the BINANCE:LTOUSDT chart, the Trendline Touch pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 0.213 | 0.2278 | 0.2663 and support near 0.1745 | 0.1508 | 0.1123. Entering trades at 0.2217 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: LTO Network
▣ Rank: 635
▣ Exchanges: Binance, Kucoin, Gateio, Hitbtc
▣ Category / Sector: Infrastructure - Enterprise and BaaS
▣ Overview: LTO Network is a hybrid blockchain designed for trustless B2B collaboration. The private layer is for data sharing and process automation (each process residing on its own miniature ad-hoc permissionless private chain). The public layer acts as a global security settlement layer — an immutable digital notary. This hybrid approach makes LTO Network GDPR and data privacy compliant, as well as scalable and ready for adoption.
◰◲ Technical Metrics :
▣ Current Price: 0.2217 ₮
▣ 24H Volume: 3,401,353.860 ₮
▣ 24H Change: 1.884%
▣ Weekly Change: 14.23%%
▣ Monthly Change: 87.18%%
▣ Quarterly Change: 117.57%%
◲◰ Pivot Points :
▣ Resistance Level: 0.213 | 0.2278 | 0.2663
▣ Support Level: 0.1745 | 0.1508 | 0.1123
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Summary of Technical Indicators : BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 6.69
▣ Last 90 Days: 3.77
▣ Last Year: 1.55
▣ Last 3 Years: 0.32
◲◰ Volatility Analysis :
▣ Last 30 Days: 1.25
▣ Last 90 Days: 0.92
▣ Last Year: 0.93
▣ Last 3 Years: 1.15
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:LTOUSDT 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.
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FISUSDT: This Key Metric Could Define the Future - Stafi◳◱ On the BINANCE:FISUSDT chart, the Bband Breakout Super-Trend pattern suggests an upcoming trend shift. Traders might observe resistance around 0.4346 | 0.4671 | 0.5427 and support near 0.359 | 0.3159 | 0.2403. Entering trades at 0.5039 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: Stafi
▣ Rank: 714
▣ Exchanges: Binance, Huobipro, Gateio, Mexc
▣ Category / Sector: Financial - Derivatives
▣ Overview: None
◰◲ Technical Metrics :
▣ Current Price: 0.5039 ₮
▣ 24H Volume: 1,992,676.241 ₮
▣ 24H Change: 5.463%
▣ Weekly Change: 24.00%%
▣ Monthly Change: 53.27%%
▣ Quarterly Change: 69.61%%
◲◰ Pivot Points :
▣ Resistance Level: 0.4346 | 0.4671 | 0.5427
▣ Support Level: 0.359 | 0.3159 | 0.2403
◱◳ Indicator Recommendations :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 4.56
▣ Last 90 Days: 2.55
▣ Last Year: 0.73
▣ Last 3 Years: 0.25
◲◰ Volatility Analysis :
▣ Last 30 Days: 1.16
▣ Last 90 Days: 0.88
▣ Last Year: 1.15
▣ Last 3 Years: 1.20
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:FISUSDT 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.
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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 -
Game-Changing Insights for AMPUSDT: Act Before It’s Too Late ...◳◱ On the BINANCE:AMPUSDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.009632 | 0.012011 | 0.016777 and support near 0.004866 | 0.002479. Entering trades at 0.012149 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: Amp
▣ Rank: 144
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category / Sector: Financial - Payment Platforms
▣ Overview: On July 21, 2022, the SEC stated that AMP is a "crypto asset security". Note: (1) Messari does not provide financial or trading advice - our services are for informational purposes only; and (2) Messari's services are impersonal - do your own due diligence. Please refer to our Terms of Use for more info.
Amp is a digital collateral token that offers instant, verifiable collateralization for any kind of value transfer. Projects like Flexa use Amp to secure transactions and build networks that accrue value both securely and transparently.
◰◲ Technical Metrics :
▣ Current Price: 0.012149 ₮
▣ 24H Volume: 43,041,485.408 ₮
▣ 24H Change: 12.47%
▣ Weekly Change: 66.26%%
▣ Monthly Change: 220.43%%
▣ Quarterly Change: 235.04%%
◲◰ Pivot Points :
▣ Resistance Level: 0.009632 | 0.012011 | 0.016777
▣ Support Level: 0.004866 | 0.002479
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators : BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 7.66
▣ Last 90 Days: 4.17
▣ Last Year: 1.35
▣ Last 3 Years: -0.04
◲◰ Volatility Analysis :
▣ Last 30 Days: 1.82
▣ Last 90 Days: 1.20
▣ Last Year: 1.38
▣ Last 3 Years: 1.07
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:AMPUSDT 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
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1INCHUSDT: A Breakthrough Moment in the Market - 1inch◳◱ On the BINANCE:1INCHUSDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.4803 | 0.5159 | 0.6119 and support near 0.3843 | 0.3239 | 0.2279. Entering trades at 0.5564 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: 1inch
▣ Rank: 162
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category / Sector: Financial - Decentralized Exchanges
▣ Overview: The 1inch Network unites three separate decentralized protocols, aggregating liquidity from a variety of decentralized exchanges to facilitate cost-efficient transactions.
Its native token, the 1inch token (1INCH) serves two primary purposes: As a governance token granting voting rights towards the 1inch DAO and as a utility token, where it is used as a connector to achieve high-efficiency routing in the 1inch Liquidity Protocol. It will also be used in the tokenomics of all future protocols developed by the 1inch Network.
◰◲ Technical Metrics :
▣ Current Price: 0.5564 ₮
▣ 24H Volume: 23,006,005.395 ₮
▣ 24H Change: 4.429%
▣ Weekly Change: 24.47%%
▣ Monthly Change: 109.98%%
▣ Quarterly Change: 123.84%%
◲◰ Pivot Points :
▣ Resistance Level: 0.4803 | 0.5159 | 0.6119
▣ Support Level: 0.3843 | 0.3239 | 0.2279
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators : BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 9.64
▣ Last 90 Days: 3.94
▣ Last Year: 0.70
▣ Last 3 Years: -0.25
◲◰ Volatility Analysis :
▣ Last 30 Days: 0.91
▣ Last 90 Days: 0.84
▣ Last Year: 0.91
▣ Last 3 Years: 0.85
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:1INCHUSDT 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 -
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 6, 2024Technical Analysis and Outlook:
Bitcoin displayed substantial volatility during this week’s trading sessions, reaching our Mean Support level of 91800 and completing our Inner Coin Rally of 103600. Currently, the threshold for Bitcoin is established at Mean Support 96000, with the completion of the Inner Coin Rally 103600 now noted. Recent analyses indicate that the cryptocurrency will likely surpass the completed Inner Coin Rally 103600, which may rekindle its upward trajectory towards the anticipated Outer #1 Coin Rally 110000 and beyond. The possible pullback to Mean Support 96000 will effectively position the market for the next phase of a bullish trend.
IQUSDT: What Every Trader Needs to Know Right Now - IQ◳◱ On the BINANCE:IQUSDT chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.010031 | 0.010931 | 0.012991 and support near 0.007971 | 0.006811 | 0.004751. Entering trades at 0.011068 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: IQ
▣ Rank: 382
▣ Exchanges: Binance, Gateio, Mexc
▣ Category / Sector: N/A
▣ Overview: IQ project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Current Price: 0.011068 ₮
▣ 24H Volume: 61,294,287.686 ₮
▣ 24H Change: 22.61%
▣ Weekly Change: 22.45%%
▣ Monthly Change: 89.15%%
▣ Quarterly Change: 144.40%%
◲◰ Pivot Points :
▣ Resistance Level: 0.010031 | 0.010931 | 0.012991
▣ Support Level: 0.007971 | 0.006811 | 0.004751
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 8.09
▣ Last 90 Days: 3.89
▣ Last Year: 0.68
▣ Last 3 Years: 0.40
◲◰ Volatility Analysis :
▣ Last 30 Days: 0.67
▣ Last 90 Days: 0.68
▣ Last Year: 1.04
▣ Last 3 Years: 1.03
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:IQUSDT 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 -
The Risk-Reward Equation for FETUSDT: Are You Prepared? - Fet...◳◱ On the BINANCE:FETUSDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 2.098 | 2.354 | 3.003 and support near 1.449 | 1.056 | 0.407. Entering trades at 2.083 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: Fetch.ai
▣ Rank: 41
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category / Sector: Infrastructure - Artificial Intelligence
▣ Overview: Fetch.ai is building a decentralized machine learning platform based on a distributed ledger, that enables anyone to share or exchange data.
◰◲ Technical Metrics :
▣ Current Price: 2.083 ₮
▣ 24H Volume: 252,042,706.709 ₮
▣ 24H Change: 8.32%
▣ Weekly Change: 27.42%%
▣ Monthly Change: 49.97%%
▣ Quarterly Change: 92.60%%
◲◰ Pivot Points :
▣ Resistance Level: 2.098 | 2.354 | 3.003
▣ Support Level: 1.449 | 1.056 | 0.407
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 5.65
▣ Last 90 Days: 2.71
▣ Last Year: 1.56
▣ Last 3 Years: 0.90
◲◰ Volatility Analysis :
▣ Last 30 Days: 1.26
▣ Last 90 Days: 1.03
▣ Last Year: 1.30
▣ Last 3 Years: 1.25
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:FETUSDT 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 -
DYDXUSDT: The Numbers That Could Redefine the Market - dYdX◳◱ On the DYDXUSDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 1.8347 | 1.964 | 2.3073 and support near 1.4914 | 1.2774 | 0.9341. Entering trades at 2.2641 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: dYdX
▣ Rank: 139
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category / Sector: Financial - Decentralized Exchanges
▣ Overview: dYdX is a decentralized exchange built on the Ethereum network delivering key financial instruments to users such as perpetuals, margin and spot trading, as well as lending and borrowing. dYdX equips traders with off-chain order books with on-chain settlement and enables them to short-sell tokens, increase exposure by longing with leverage, or earn interest on deposited tokens to move quickly. dYdX leverages StarkWare's Layer 2 to eliminate the need to trust a centralized exchange while trading, and thus combines the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.
◰◲ Technical Metrics :
▣ Current Price: 2.2641 ₮
▣ 24H Volume: 202,648,824.111 ₮
▣ 24H Change: 21.334%
▣ Weekly Change: 41.87%%
▣ Monthly Change: 123.08%%
▣ Quarterly Change: 159.42%%
◲◰ Pivot Points :
▣ Resistance Level: 1.8347 | 1.964 | 2.3073
▣ Support Level: 1.4914 | 1.2774 | 0.9341
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators : BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 7.69
▣ Last 90 Days: 3.14
▣ Last Year: -0.09
▣ Last 3 Years: 0.11
◲◰ Volatility Analysis :
▣ Last 30 Days: 1.25
▣ Last 90 Days: 1.17
▣ Last Year: 0.97
▣ Last 3 Years: 1.14
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth DYDXUSDT 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.
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JASMY Emerging 1D Golden Cross can send it to 0.0900JasmyCoin (JASMYUSD) has been trading within a Fibonacci Channel Up on the 1D time-frame and it currently more than halfway through its new Bullish Leg. Ahead of its first 1D Golden Cross in 1 year (since November 23 2023), the price is pulling back today below the 0.618 Fibonacci retracement level.
This is exactly the same kind of pull-back the previous Bullish Leg had on February 22 2024. As a result, we can use this opportunity to buy at a lower price and target 0.0900. Technically longs are valid until the 1D MACD forms a Bearish Cross (was an accurate sell signal on June 09 2024 and March 05 2024).
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BTC Parallel Channel in Daily ChartOn the BTCUSD daily chart, we can observe that Bitcoin's price has been oscillating within a well-defined parallel channel. The upper trend line acts as resistance, while the lower trend line serves as support. This channel has been respected multiple times, making it a reliable indicator for future price movements.
Key Observations :
Resistance and Support :
The upper trend line has consistently acted as a resistance level, limiting the upward movement of BTC.
The lower trend line has provided strong support, preventing significant downward breakouts.
Price Action:
The price has touched the upper trend line many times, indicating a strong resistance level.
Similarly, the lower trend line has been tested few times, confirming its role as a robust support level.
Potential Breakout :
A breakout above the upper trend line could signal a bullish trend continuation, leading to higher price levels.
Conversely, a breakdown below the lower trend line might indicate a bearish trend reversal, resulting in lower price levels.
Technical Indicators:
To complement the parallel channel analysis, I have included the following technical indicators:
50-Day Moving Average (50 DMA): Provides a smoothed trend direction.
200-Day Moving Average (200 DMA): Indicates long-term trend direction and potential reversal points.
RSI (Relative Strength Index): Indicates overbought or oversold conditions.
Conclusion:
The parallel channel on the BTC daily chart provides valuable insights into potential price movements. Traders should watch for a breakout above the upper trend line for a bullish signal or a breakdown below the lower trend line for a bearish signal. Additionally, keeping an eye on the included technical indicators can help confirm these signals and enhance trading decisions.
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
EOS/USD Main trend. ChannelMain trend. logarithmic graph. Time frame 1 month. Channel. Secondary trends in market cycles.
Mirror zone of resistance. Future fractal.
Coinmarketcap : EOS
This time frame is for understanding the direction of the trend and where the area for trading is now. Such a time frame gives an understanding of where the zones are expensive/cheap (accumulation/distribution).
Chart of the Bitfinex exchange (closely related to the coin) with the longest history of trading, it began the first trading of EOS after the ICO in 2017.
The same parameters, but on a line chart.
Hoping for a Dip, but Also Some Thrills: Shorting $ADA!CRYPTOCAP:ADA Short Setup:
Wanted some extra adrenaline in my life, so I’m shorting CRYPTOCAP:ADA here.
Simple setup: First time testing the monthly block. If this week closes below $1.18, it will add confluence.
Aiming for sub-80c. BINANCE:ADAUSDT
US government scared traders, but investors aren't afraidHello,
The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend as the long position on the chart shows. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin according to the Large Caps phase of the Crypto Money Flow Cycle. The session volume profile further contributes to the idea of consolidation because there's much trading going on between the two white levels. The high volume above $94.5k is attractive to both buyers and sellers. That's why I believe the consolidation will unfold in this price zone.
Regards,
Ely
BITCOIN Where were you when it broke $100000 ??It is officially history! Bitcoin (BTCUSD) finally broke the ultimate (until the next one!) psychological level of $100000. A price tag that was discussed as myth/ desire/ utopia not so many years ago. Perhaps the level that will go down in history as the future global currency's transition from its retail to the institutional phase (thanks Blackrock!) and on its way towards an eventual mass adoption (Amazon, X, Netflix and others are you listening?).
Well this post isn't an analysis. It's a festive one, a well deserved round of victory for HODLers who ignored for so many year the pessimists, the negative ones, the "Bitcoin is a scam", "Bitcoin is a fraud", "Bitcoin is going to zero" ones and kept holding. And those who will keep holding until perhaps $1000000? Who knows? Who can now deny it??
Well, lets have it. In the future you are going to hear the following a lot.
"Where were you daddy/ mommy/ grandpa/ grandma, when Bitcoin broke $100000?"
Indeed, and it will be a valid question. This will be bigger than the classics of why didn't you buy Amazon, Google etc in the late 90s/ early 00s. Or Gold in the early 1900s (yes great grandpa, that's for you!).
So let's wrap it up and this is a call for all of you to answer it and make a fun discussion in the comments section below:
" WHAT WERE YOU DOING WHEN BITCOIN BROKE $100k??? "
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BITCOIN repeating the November 2023 Channel and targets $140kBitcoin (BTCUSD) has been trading within a Channel Up in the past three weeks, basically for the majority of the month of November, following the U.S. elections. It may been struggling currently to break above the $100000 psychological barrier but historical patterns are in favor of a break-out as the very same Channel Up was formed exactly 1 year ago and paved the way for the March 14 2024 High.
** August 2023 vs August 2024 **
As you can see basically, BTC's whole sequence since the August 05 2024 Low is very similar to the one that started again a year before that in August 2023. The similarities are uncanny. Both fractals started with an August decline below the 1D MA200 (orange trend-line), bottoming inside a Cup pattern that initiated an Accumulation Process. At the same time, the 1D RSI was waving a Bullish Divergence as it has been rising on Higher Lows.
** Golden Cross to November Channel Up **
A 1D Golden Cross was formed right when the November Channel Up patterns emerged. By that time, the price was already on the 2.0 Fibonacci extension of the August decline. At the moment we are on the stage past a 1D MACD Death Cross, which led to a December bullish break-out to a new High.
** Next step = $140k **
A mere test of the 3.0 Fibonacci extension, would translate to a $140k price tag on Bitcoin. Based on the striking similarities and extremely high degree of symmetry with the pattern a year ago, it may become a reality as early as February 2025.
But what do you think? Is symmetry with last year about to kick in and force a bullish break-out to 140k? Feel free to let us know in the comments section below!
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