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What to know about past Bitcoin halvingsBitcoin halving is an event that halves the rate at which new Bitcoins are introduced to a network (or mined). This event occurs approximately every four years or after 210,000 blocks have been mined; as a result, each halving reduces the reward given to miners by half and mimics a concept known as the hardening of a currency (meaning it is harder to extract it over time, like gold, for example). Considering one such event is approaching in the next two months, we would like to look at past halving periods. The first halving occurred on 28th November 2012, when the block reward was cut from 50 BTC to 25 BTC. Interestingly, Bitcoin gained about 27% from its lows on 27th October 2012 until one day before the first halving; in the next 30 days after halving, it gained another 10%. In the 90 days after the event, Bitcoin rose nearly 159%; one year after the first halving, Bitcoin was up an astounding 8,334%. Illustration 1.01 Illustration 1.01 shows Bitcoin in 2012 and early 2013. The yellow arrow indicates the date of the first halving. About 30 days before the second halving, Bitcoin was on a similar upside trajectory as during the first halving cycle, gaining approximately 14% (though the run-up was slightly more than 34% at some point). However, in the next 24 days after the second halving, Bitcoin lost nearly one-third of its value before rebounding; 30 days after the second halving, it was down only about 5% (measured from the opening price on the day of the second halving). In the 90 days after the event, Bitcoin was down almost 8% (which coincides with the time it started to reverse to the upside). In one year after the second halving, Bitcoin was up 284%. Illustration 1.02 The image above illustrates BTCUSD on the daily time frame in 2016. The yellow arrow indicates the date of the second halving when the block reward was reduced to 12.5 BTC. The third Bitcoin halving took place on 11th May 2020. It was preceded by a massive (and rapid) selloff in stock and cryptocurrency markets due to the start of the coronavirus pandemic earlier that year. From a peak on 20th February 2020 until a low on 13th March 2020, Bitcoin dropped more than 63% (in less than 30 days). From its lows in March, Bitcoin soared by 126% until the day of halving (yet it was still lower than at its peak in February). Bitcoin’s performance in the 30 days after the third halving was about 9%, and in the 90 days after the event, it was about 40%; one year after the halving, Bitcoin was up 565%. Illustration 1.03 Illustration 1.03 displays the daily chart of BTCUSD. The yellow arrow indicates the third Bitcoin halving in 2020 when the block reward was reduced to 6.25 BTC. Technical analysis gauge Daily time frame = Bullish (losing momentum) Weekly time frame = Neutral *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators. 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:BTCUSDLong
by Tradersweekly
BITCOIN New rally about to start! Similarities with 2020/21.Bitcoin (BTCUSD) has rebounded strongly since the 39000 Low and has left the 1D MA50 (blue trend-line) significantly behind, with many wondering if a correction back to it is due. That would technically be reasonable and an optimal level to add more buys but it is not necessary to happen. A simple comparison with the 2020/ 2021 Bull Phase (right chart) offers critical insight on a potential rally structure. ** Fibonacci levels and CCI ** As you can see (both charts are on the 1D time-frame), during the 2020/21 rally BTC pulled back below the 1D MA50 only after it broke above the $60k level. Even during the short-term correction within the 6.0 - 5.0 Fibonacci extension levels (dotted Channel Down), the 1D MA50 held. The 1D CCI pattern since the start of 2023 has been identical so far to BTC's price action since the March 2020 COVID bottom. ** The structure of today vs 2020/21 ** The symmetry between the two is remarkable, they both started on a (dotted) Channel Down that broke below the 1D MA50, then a consolidation phase in the form of an Arc within our base 1.0 - 0.0 Fib levels and then a rally to the more recent (blue circle) consolidation within the 3.0 - 2.0 Fib extensions. That is the structure that the February rally left behind and if 2021 continues to be our guide, it should now start a new rally first to the 4.0 Fib (65000) and then to the 6.0 Fib (a little above 100000) for the new dotted Channel Down correction. ** Is such strong rally so fast realistic? ** Of course $100k by April would mean reaching those levels by the Halving event, which seems unrealistic (of course that is relative) even with the current ETF inflows which are surpassing every prior estimate. But of course it is a solid framework to have as a guide even if the current Cycle proves to be less aggressive than the previous and symmetry starts breaking. But what do you think? Is it possible for Bitcoin to continue replicating 2021 and reach 100k so fast? 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
10
A few developments to watch out forBitcoin has held relatively steady above $50,000 for about five days. In the meantime, the volume has kept falling, and the number of large speculators (Bitcoin addresses with balances exceeding 1,000 BTC) has marched higher (there was a slight drop in the figure yesterday, though). Simultaneously, the RSI has continued to trend in the overbought territory on the daily chart, and the MACD has begun to flatten. A breakdown in the RSI below 70 points will be bearish, and the same applies to a crossover between the MACD line and the signal line. Similarly, a case for a pullback in Bitcoin could be strengthened in the case of a major weakness in the stock market; as Bitcoin stays highly correlated with stocks (especially tech) and still behaves much like a risk asset, the quickly changing sentiment in the stock market might be worth monitoring. Nevertheless, the daily time frame remains bullish for now (with signs of weakening momentum). Illustration 1.01 The volume has been declining across various crypto exchanges. Generally, the declining volume accompanying the rising price is a questionable development. Illustration 1.02 The picture above shows simple support and resistance levels derived from past peaks and troughs. Interestingly, Bitcoin has not yet taken out resistance from the prior bull market at $52,956 (established on 7th September 2021). Technical analysis gauge Daily time frame = Bullish Weekly time frame = Neutral *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators. 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:BTCUSDLong
by Tradersweekly
2
singularitynet - AGIX 🔵1st trial 🟠2nd trial🔴FAKEOUT🚨AGIX 🔵1st trial to break volume resistance 🟠2nd trial to break volume resistance 🔴FAKEOUT🚨 🔵1st trial to break volume resistance 🟠2nd trial to break volume resistance 🔴next FAKEOUT❓👀 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
ALong
by Crypto4Everybody
FILUSD Just flashed the strongest long-term bullish signal!Filecoin (FILUSD) closed last week's 1W candle above the 1W MA100 (green trend-line) for the first time since the January 10 2022 1W candle! That alone is a major long-term bullish signal that validates the transition to the Bull Cycle. A further closing above the Lower Highs trend-line, would confirm the bullish break-out signal without any additional hurdles in front of it. This basically resembles the February 10 2020 candle of the previous Cycle that closed above the 1W MA100. As you can see, it failed to close immediately above the Lower Highs and as a result pulled-back to the historic Support Zone (red) before starting the sustainable Parabolic Rally (of course that was during the March 2020 COVID market crash). A Bullish Cross between the 1W MA50 (blue trend-line) and 1W MA100 took place. That's something we are still missing on the current Cycle but estimates show we can get one by the end of April - beginning of May. As a result, we are prepared to buy if the price breaks and closes above the Lower Highs trend-line and target the bottom of the Symmetrical Resistance Zone at 23.000. If rejected, expect a pull-back near the 1W MA50 and then start of the Parabolic Rally to test the 126.000 All Time High. ------------------------------------------------------------------------------- ** 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:FILUSDLong
by TradingShot
3
BITCOIN just made the most important 1W closing of this Cycle!Bitcoin (BTCUSD) made last week a closing that is going under the radar by the market. The closing of the last 1W candle was made above the 0.786 Fibonacci retracement level from the November 2021 All Time High (ATH). But why is that of such a significant value? Because every time in BTC's history it closed a 1W candle above the 0.786 Fib of the ATH, the price never closed below it again. In fact we can claim that for every past Cycle, such a 1W closing is the final confirmation for the start of the Parabolic Rally. It has to be noted that after such closing, Bitcoin made new ATH in maximum 2 months! That suggests we could see a new Historic High at the time of the Halving! Are just starting the new rally? 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
35
BITCOIN: Pullback before another rally?Hi Traders! The trend is bullish on the main time frames, but today we will only follow intraday chart (Log Scale). That said, from a technical perspective, CRYPTOCAP:BTC is forming a 12345 bullish impulse structure, and we are currently in wave 3. If our analysis is correct, Bitcoin could trigger a corrective structure (ABC or ABCDE Pattern) in short term before developing another rally. On 1H chart we showed the support area and the potential amplitude of wave 5. OUR LONG TERM ANALYSIS =======================
Long
by TheAnonymousBanker
6
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook: The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is expected to rebound and retest Mean Res 52500. Moreover, completing the Outer Coin Rally 53000 from this spot is imminent.
BITSTAMP:BTCUSD
by TradeSelecter
Market is growing reminiscent of Autumn 2021A few weeks ago, we noted that the mania in the cryptocurrency market seemed to reach levels coinciding with the summer of 2021. Nevertheless, as Bitcoin’s price increases, the narrative about the “complacent plateau” and the never-ending rally grows stronger as well, making the current time reminiscent of late 2021. As a result of the massive rally, investors in stocks and crypto alike seem to have become numb to potential risks markets face in 2024. It is becoming increasingly apparent that there will be no six rate cuts this year with the accelerating inflation in the United States. The FED will have to keep monetary conditions tight for somewhat longer than many investors have initially anticipated (or until something breaks). By doing so, the FED will further slow down the economy and increase the chances of an economic accident (especially as the lagging effects of previous hikes do not seem to show up yet on the surface). Since such an accident would negatively affect the stock market’s performance, it would also negatively affect Bitcoin and other cryptocurrencies (considering the strong positive correlation between the two). Bitcoin continues to behave much like a risk asset, which only increases the odds of a significant decline in the case of a general stock market selloff. With that said, we are growing increasingly nervous about the overall situation in the market and think that Bitcoin might be approaching a top before a major trend reversal. Illustration 1.01 Illustration 1.01 portrays daily and weekly graphs of BTCUSD. Yellow arrows show slight similarities in the price structures between these two charts (of course, similarities are subjective and debatable). Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators. 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:BTCUSDLong
by Tradersweekly
13
Exploring the Day of the Week Effect in CryptocurrenciesHey, crypto traders and enthusiasts! Have you ever wondered if the day of the week could sway your crypto earnings? Well, a fascinating study from 2019 titled "The day of the week effect in the cryptocurrency market" by Guglielmo Maria Caporalea and Alex Plastunb decided to dive into this question. The study zeroes in on some of the big names in crypto - Bitcoin, LiteCoin, Ripple, and Dash. Caporalea et al. decided to analyze data from 2013 to 2017. Here’s the result: The key takeaway from the research is that Bitcoin exhibits a unique pattern of higher returns on Mondays compared to other days, thus showing the “Day of the Week effect.” This anomaly was, however, not observed in other major cryptocurrencies like LiteCoin, Ripple, and Dash. While a trading strategy based on this Monday effect in Bitcoin shows profit potential, it's important to approach it cautiously. There’s a lot of variability in annual results and a lack of consistency in the broader cryptocurrency market. █ The Day of the Week Effect It’s like a financial urban legend – stocks behave differently depending on the day of the week. Weird, right? But there's some solid data behind it. For example, it's been observed that Mondays often bring the blues with lower returns, while Fridays can feel like a party with higher ones. Think of it as the market's weekly routine, just like some of us are sluggish on Mondays and supercharged by Fridays. So, why does this happen? There are a bunch of theories. Some say it's because of the accumulation of news over the weekend that investors react to on Monday. Others argue it's due to the trading patterns of institutional investors. It's still a bit of a mystery, which makes it so intriguing. █ Methodology So, how did the researchers determine if cryptocurrencies have a favorite day of the week? The Data Dive The team sifted through daily data from 2013 to 2017 for Bitcoin, LiteCoin, Ripple, and Dash, provided by CoinMarketCap. That's a hefty chunk of info, covering years of ups, downs, and sideways movements. Why these years, you ask? This period saw some of the most significant developments in crypto, making it a gold mine for data analysts. Crunching the Numbers The study used a mix of average analysis and more complex statistical tests to scrutinize the data. Average Analysis: This essentially looks at the mean returns for each day of the week across the data set. It's like zooming out to see the broader pattern. For example, they calculated the average return for Bitcoin on Mondays, Tuesdays, and so on, then compared these averages to see if any day stood out. Parametric Tests: Student's t-test: Used to compare the means between two groups. In this context, it might be used to compare the average Monday returns to the average Tuesday returns for Bitcoin. It assumes that the data follows a normal distribution, a common assumption for large data sets. ANOVA (Analysis of Variance): This test steps it up a notch. It's used when you have more than two groups to compare – like comparing the average returns of all weekdays. ANOVA checks if there's a statistically significant difference between these group means. Non-Parametric Tests: Kruskal–Wallis Test: This is the non-parametric counterpart to ANOVA. It's used when you can't assume the data is normally distributed. It ranks the data and compares these ranks across groups. For example, it would rank all the Monday returns, Tuesday returns, and so on, then see if these rankings differ significantly across the week. Mann–Whitney Test: Similar to the Student's t-test but for non-parametric data. It compares two independent groups, like Monday versus Wednesday returns, without assuming a normal distribution. These parametric and non-parametric tests provide a rigorous examination of the data. They help determine if there are differences in returns on different days of the week and whether these differences are statistically significant and not just due to chance. █ Findings and Analysis In the study focusing on the day-of-the-week effect in the cryptocurrency market, the key findings were: ⚪ Bitcoin's Monday Effect: A notable trend was observed in Bitcoin, where it displayed consistently higher returns on Mondays than on other days. This suggests a unique pattern where the beginning of the week seems more favorable for Bitcoin investments. A trading simulation based on this Monday effect indicated a 60% chance of generating a profit from 2013 to 2017. This highlights the potential profitability of adapting trading strategies to capitalize on this pattern. ⚪ Other Cryptocurrencies: The study found no significant day-of-the-week effect in other major cryptocurrencies like LiteCoin, Ripple, and Dash. Their returns did not show a consistent pattern tied to specific weekdays, indicating more randomness in their daily returns. These findings imply that while Bitcoin exhibits a distinct weekly return pattern, other major cryptocurrencies do not follow the same trend. This insight could be pivotal for traders focusing on Bitcoin, suggesting reevaluating trading strategies around weekends and Mondays. However, the lack of a consistent pattern suggests a need for different trading approaches for other cryptocurrencies. █ Conclusion The big takeaway is that Bitcoin shows a unique 'day of the week' effect, particularly on Mondays, but this isn't a universal crypto trend. For your trading strategies, this means there's potential in timing your Bitcoin moves, but always keep an eye on the broader market dynamics. Remember, the crypto world is fast-paced and ever-changing, so continual research and analysis are your best friends. Stay curious, stay informed, and who knows what other patterns you might uncover! █ Reference Caporale, G. M., & Plastun, A. (2019). The day of the week effect in the cryptocurrency market. Finance Research Letters, 31, 258-269. ----------------- Disclaimer Our results are approximate. We encourage you to test the assumption yourself. We do not guarantee that you will get the same results. This is an educational study for entertainment purposes only. The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
BITSTAMP:BTCUSDEducation
by Zeiierman
1
VETUSD On the verge of an enormous rally.VeChain (VETUSD) is making this week (1W) a triple bullish break-out as it broke above December's Resistance, the Bear Cycle's Lower Highs trend-line that started on the April 2021 All Time High (ATH) and the 1W MA100 (orange trend-line), which is the first time above it ever. A closing above the latter, confirms the beginning of a new long-term Bullish Phase for VET. This resembles the break-out on the June 08 2020 1W candle, which extended above the 0.786 Fibonacci level measuring from the first Lower High and after a pull-back to the 1W MA50 (blue trend-line), it made the ATH just below the 2.0 Fibonacci extension. As a result, our target on a 6-month horizon is 0.14500, which is at the bottom of the Lower High Resistance Zone. ------------------------------------------------------------------------------- ** 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:VETUSDLong
by TradingShot
3
BITCOIN Are we witnessing a run straight to new All Time Highs?Bitcoin (BTCUSD) has broken aggressively above January's Highs and hasn't been that high since November 2021! The December - January consolidation is history and what technically follows consolidation periods are phases of strong trends. We can in fact gain remarkable insight by comparing BTC's bullish run since the November 2021 market bottom to the runs of 2020/21 and 2015/16. As you can see on these 1W time-frame charts, all periods share common characteristics. They all started with a strong Channel Down that formed the market bottom and then consolidated for the first time within a Triangle after they broke above the 1W MA50 (blue trend-line). After a rally, the 2nd consolidation took place (red arc), which then paved the way for a more aggressive rally. Based on this pattern, it would appear that Bitcoin could be at the start of such a rally. The only charactestic that is not common on all three is that in 2023/24 and 2015/16 we had a Bullish Cross between the 1D MA50 and the 1W MA100 (green trend-line) after the Triangle consolidation, while during 2020/21 that took place much earlier due to the Libra euphoria. In any case, all phases have a Higher Lows trend-line which was respected and held during the two past Cycles. On the current one, that gives a downside range at around 35k, which is practically the 1W MA50. Also notice how the 1W RSI negated any potential for a Bearish Divergence by crossing above Lower Highs. That is the same RSI pattern that emerged after each red Arc consolidation that led into the rallies. As long as those hold, could it mean that Bitcoin has started a very aggressive wave that will break to new All Time Highs (ATH) in a matter of weeks, possibly by the time of the Halving? 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
Sui Very BullishWe were Squeezing back in November, We started having an outbreak in positive volume. Once we crossed over the 50 period moving average we started a new trend. We had a golden cross and didn't have a pullback until Jan 15th where we started a correction and had a healthy touch on the .618 before continuing crushing the previous swing high finding it's way with some resistance around the 1.61 fib at 2.12 After 2.12 according to the fib extension we can look at price targets 3.20, 4.28, and 4.95 in the not so distant future.
Long
by Tracking_Technicals
Large speculators' appetite is slightly decreasingIn the previous article about Bitcoin, we discussed the rise in the number of large speculators, the distortion of the bearish structure in RSI, and a bullish breakout in MACD (on the daily time frame). Since then, MACD and RSI have continued to trend higher, with the RSI reaching the overbought zone. At the same time, the ADX began to trend higher, suggesting the bullish momentum has been strengthening; however, the ADX’s low value reflects that the trend is still very weak or neutral. In regard to Bitcoin addresses, the large ones (+ 1,000 BTC) have held relatively steady, while those with balances exceeding 100 BTC kept decreasing. This dynamic hints at a decreasing appetite for Bitcoin among large players (which follows a period with an aggressive rise in the number of large speculators); a drop in the figure will be slightly alarming. As such, we think stepping out of the market and waiting for the new attractive setup to arise is preferable. Illustration 1.01 Illustration 1.01 shows the daily chart of BTCUSD and an upward-sloping channel. A failure of the price to defend the ground above the channel’s upper bound will be slightly bearish. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators. 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:BTCUSDLong
by Tradersweekly
7
RNDR/BTC - Render: Super Trend◳◱ On the $RNDR/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.000105 | 0.0001145 | 0.0001288 and support near 0.0000907 | 0.0000859 | 0.0000716. Entering trades at 0.0001008 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Render ▣ Rank: 50 ▣ Exchanges: Binance, Kucoin, Huobipro, Hitbtc ▣ Category/Sector: Services - Shared compute ▣ Overview: RNDR is an ERC-20 compatible utility token used to pay for animation, motion graphics and VFX rendering on the distributed RNDR Network, which is a peer-to-peer GPU compute network that connects creators in need of additional computation power for rendering their scenes, to providers that receive RNDR tokens for their GPU power. It allows complex GPU-based render jobs to be distributed and processed on a P2P network, making the transactional process of rendering and streaming 3D environments, models, and objects simpler for end users. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0001008 ₿ ▣ 24HVol: 29.394 ₿ ▣ 24H Chng: 6.217% ▣ 7-Days Chng: 9.59% ▣ 1-Month Chng: 18.77% ▣ 3-Months Chng: 100.43% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.000105 | 0.0001145 | 0.0001288 ◢ Support: 0.0000907 | 0.0000859 | 0.0000716 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 4.19 ▣ Last 90D: 3.28 ▣ Last 1-Y: 1.62 ▣ Last 3-Y: 1.48 ◲◰ Volatility : ▣ Last 30D: 0.77 ▣ Last 90D: 1.08 ▣ Last 1-Y: 1.05 ▣ Last 3-Y: 1.73 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.49 - Bearish ▣ In-depth RNDRBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
R
by Crypto2AF
XEMPopped on my breakout finder 📈 *Symbol*: `XEM/USDT` ✅ *Qualification*: All MAs within 1% of MA7. 💰 *Market Cap*: `$314,594,092.89` I'm noticing on the day the adx crossed below a level it never has and when it did the MACD signaled a Buy With ADX When it's going upward that means trend following indicators work best when its going down we use things like oscilators MACD being an ocsilator pinged a buy and we're starting to uptrend. We also had a nice bounce of the .318 fib along with another breakout and swing low back tot the .5 fib showing a health upward trend as you see how volatility has completely dropped thats what the breakout/breakdown finder looks for tokens like that
Long
by Tracking_Technicals
BITCOIN to 40k or 69k?Bitcoin (BTCUSD) has been trading within a long-term Channel Up pattern since the November 21 2022 market bottom. The price broke today above the psychological level of $50000 and is about to touch that very top (Higher Highs trend-line) of the Channel Up. As the 1D RSI broke above its 4-month Lower Highs trend-line and is largely overbought near 80.00, this technically resembles the same break-out of June 23 2023. As a result, as long as the 1D candles close within the Channel Up, BTC could pull-back to a 'fair' value near $40000 and the 1D MA200 (orange trend-line) above the 0.382 Fibonacci retracement level. Time-wise it would be ideal to reach that level before April's Halving and start attracting long-term buying interest then. If however a 1D or even better, a 1W candle closes above the Channel Up, we will turn again largely bullish on the medium-term break-out as we can see an price action resembling the short-term Channel Up that started on October 24 2023 that paved the way for the December 08 2023 High. That High was on a +79.77% rise from the September 11 2023 Low, the last technical Higher Low of the Channel Up. A new +79.77% run from the recent January 23 2024 Low would peak marginally above $69000, which in that case will be our Target. Which scenario do you think is more likely to prevail now? 40k or 69k? 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
9
IMXUSD This pull-back is the best buy entry.Immutable X (IMXUSD) has been rising non-stop since the January 23 Low and is now on a new 2 year High! However, the 1D RSI's Bearish Divergence, the entry on the Diagonal Resistance Zone since the June 2022 High, as well as the similarities with the previous Higher Highs formations, call for a short-term pull-back. As long as that is contained above the 1D MA100 (green trend-line), we will buy it and target the All Time High Zone at 5.000. ------------------------------------------------------------------------------- ** 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:IMXUSD
by TradingShot
TWT/USDT - Trust Wallet Token: Triangle & Wedge◳◱ On the $TWT/ CRYPTOCAP:USDT chart, the Triangle & Wedge pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 1.1607 | 1.2045 | 1.3036 and support near 1.0616 | 1.0063 | 0.9072. Entering trades at 1.1882 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Trust Wallet Token ▣ Rank: 129 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc, Hitbtc ▣ Category/Sector: Financial - Payment Platforms ▣ Overview: The Trust Wallet mobile app is a multi-currency crypto wallet that gives users access to a wide range of digital assets, and has a built-in DEX (for android users). Trust Wallet joined the Binance ecosystem in 2018 and is now the official crypto wallet of Binance Smart Chain (BSC). Trust Wallet Token (TWT) is a utility and governance token, native to the Trust Wallet and available on both the BEP-2 (Binance Chain) and BEP-20 (Binance Smart Chain) standards. Trust Wallet’s core modules are open-source and available for any developer to build on. The digital wallet mobile app has fiat on-boarding, allowing users to purchase crypto with credit cards. Trust Wallet has integrated with other DEXs such as Pancake Swap, Uniswap or Binance DEX so that users can buy, hold, and exchange their crypto-assets using a single interface. Trust Wallet supports buying, exchanging, and staking 160,000 crypto assets on 40 blockchains. The project’s overarching goal is to become the interface to all crypto by making it easier for users to access crypto services like dapps. ◰◲ Technical Metrics : ▣ Mrkt Price: 1.1882 ₮ ▣ 24HVol: 3,428,375.626 ₮ ▣ 24H Chng: 4.402% ▣ 7-Days Chng: 5.31% ▣ 1-Month Chng: 1.97% ▣ 3-Months Chng: -12.13% ◲◰ Pivot Points - Levels : ◥ Resistance: 1.1607 | 1.2045 | 1.3036 ◢ Support: 1.0616 | 1.0063 | 0.9072 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.10 ▣ Last 90D: -0.77 ▣ Last 1-Y: 0.01 ▣ Last 3-Y: 0.72 ◲◰ Volatility : ▣ Last 30D: 0.44 ▣ Last 90D: 0.65 ▣ Last 1-Y: 0.71 ▣ Last 3-Y: 1.17 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.62 - Bullish ▣ Reddit sentiment score is 0.77 - V. Bullish ▣ In-depth TWTUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
API3/USDT - API3: Trend Reversal◳◱ On the $API3/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 3.562 | 3.973 | 4.87 and support near 2.665 | 2.179 | 1.282. Entering trades at 3.171 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: API3 ▣ Rank: 173 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Services - Data Management ▣ Overview: API3 is a collaborative project to deliver traditional API services to smart contract platforms in a decentralized and trust-minimized way. It is governed by a decentralized autonomous organization (DAO), namely the API3 DAO. Therefore, API3's code is open source and its operations are transparent. ◰◲ Technical Metrics : ▣ Mrkt Price: 3.171 ₮ ▣ 24HVol: 10,668,767.956 ₮ ▣ 24H Chng: 3.865% ▣ 7-Days Chng: -3.82% ▣ 1-Month Chng: 88.44% ▣ 3-Months Chng: 102.08% ◲◰ Pivot Points - Levels : ◥ Resistance: 3.562 | 3.973 | 4.87 ◢ Support: 2.665 | 2.179 | 1.282 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 3.51 ▣ Last 90D: 2.10 ▣ Last 1-Y: 0.96 ▣ Last 3-Y: 0.57 ◲◰ Volatility : ▣ Last 30D: 2.86 ▣ Last 90D: 1.84 ▣ Last 1-Y: 1.35 ▣ Last 3-Y: 1.49 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.59 - Bullish ▣ In-depth API3USDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
1
NFP/USDT - New Frontier Presents: BBand Breakout◳◱ On the $NFP/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.58147 | 0.66395 | 0.78956 and support near 0.45586 | 0.41273 | 0.28712. Entering trades at 0.59082 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: New Frontier Presents ▣ Rank: None ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: New Frontier Presents project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.59082 ₮ ▣ 24HVol: 10,421,685.717 ₮ ▣ 24H Chng: 6.381% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.58147 | 0.66395 | 0.78956 ◢ Support: 0.45586 | 0.41273 | 0.28712 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -9.79 ▣ Last 90D: -2.54 ▣ Last 1-Y: 2.23 ▣ Last 3-Y: 1.11 ◲◰ Volatility : ▣ Last 30D: 0.88 ▣ Last 90D: 0.72 ▣ Last 1-Y: 0.65 ▣ Last 3-Y: 24.98 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth NFPUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
CHR/USDT - Chromia: BBand Breakout◳◱ On the $CHR/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.2813 | 0.2972 | 0.3349 and support near 0.2436 | 0.2218 | 0.1841. Entering trades at 0.3636 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Chromia ▣ Rank: 197 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Hitbtc ▣ Category/Sector: Infrastructure - Application Development ▣ Overview: Chromia (previously Chromapolis) is a Layer-1 blockchain that is also an Ethereum Virtual Machine (EVM) compatible Layer-2 solution for Ethereum and the Binance Smart Chain. Chromia is designed to achieve three goals: allow dApps to scale to millions of users, improve the user experience of dApps to match those of centralized applications, and create familiar paradigms that allow developers to build secure applications. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.3636 ₮ ▣ 24HVol: 12,843,426.679 ₮ ▣ 24H Chng: 12.465% ▣ 7-Days Chng: 36.36% ▣ 1-Month Chng: 28.82% ▣ 3-Months Chng: 183.90% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.2813 | 0.2972 | 0.3349 ◢ Support: 0.2436 | 0.2218 | 0.1841 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.36 ▣ Last 90D: 3.89 ▣ Last 1-Y: 0.92 ▣ Last 3-Y: 1.04 ◲◰ Volatility : ▣ Last 30D: 1.07 ▣ Last 90D: 1.11 ▣ Last 1-Y: 0.87 ▣ Last 3-Y: 1.53 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.49 - Bearish ▣ Reddit sentiment score is 0.42 - Bearish ▣ In-depth CHRUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ACE/USDT - Acent: Super Trend◳◱ On the $ACE/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 9.3841 | 10.4912 | 12.2727 and support near 7.6026 | 6.9282 | 5.1467. Entering trades at 9.3594 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Acent ▣ Rank: 1914 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: Acent project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 9.3594 ₮ ▣ 24HVol: 14,331,992.102 ₮ ▣ 24H Chng: 8.559% ▣ 7-Days Chng: -0.82% ▣ 1-Month Chng: -25.65% ▣ 3-Months Chng: 63.16% ◲◰ Pivot Points - Levels : ◥ Resistance: 9.3841 | 10.4912 | 12.2727 ◢ Support: 7.6026 | 6.9282 | 5.1467 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.01 ▣ Last 90D: 1.82 ▣ Last 1-Y: 0.79 ▣ Last 3-Y: 0.61 ◲◰ Volatility : ▣ Last 30D: 1.31 ▣ Last 90D: 5.54 ▣ Last 1-Y: 3.14 ▣ Last 3-Y: 3.05 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth ACEUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF