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BITCOIN Will it respect the 3-year Pivot Zone?Bitcoin (BTCUSD) had a strong rejection last week shortly after breaking Resistance 1 (48400), which was the high of the March 28 2022 1W candle. That is technically strong enough to initiate a medium-term pull-back on its own. The correction bias get even stronger though if we consider the 3-year Pivot Zone which has been relevant since January 11 2021, initially as a Support (held numerous times, see green circles) and later as a Resistance (red circles). A potential test of even the top of the Zone would bring the BTC as close as possible to the 1W MA50 (blue trend-line), which would be a healthy medium-term correction before the next parabolic rally starts. The next Resistance is the 68900 All Time High (ATH) and obviously our next long-term Target. But what do you think? Will Bitcoin give us this pull-back buy opportunity? 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
5
BITCOIN The path to All Time Highs is scripted.It has been 14 months (November 14 2022) since we published our first (and to this date most important) Bitcoin (BTCUSD) Cycle comparison between 2022/ 2023 and 2014/ 2015: www.tradingview.com As you can see the main driver behind this comparison was the FTX crash in November 2022 and the Bitfinex crash in August 2015, which both acted as catalysts for the bottom. Following the FTX crash/ bottom, the price action has so far followed quite closely the 2015/ 2016 recovery. On today's analysis, also on the 1W time-frame, we focus on the Rising Wedge that funneled the price action from the Cycle bottom to the bullish recovery. The similarities between the two Cycles are remarkable: 1. Bounce on the Lower Highs and 1W MA50 (blue trend-line) break-out, which basically confirmed the transition into the Bull Cycle. 2. Immediate Channel Down after the 1W MA50 break-out on the Rising Wedge's first Higher High. 3. 1W MA50 supporting since the break-out. Right now we are in the stage where the price has broken above the Rising Wedge. In June 2016 this caused a short-term correction back inside the Wedge towards the 1W MA50, which as mentioned held. If BTC continues to replicate that Cycle, does it mean that such a technical correction is due? The 1W MA50 is currently above 30000 and rising aggressively. But what do you think? Are you expecting a 1 - 1.5 month pull-back from here and then a new All Time High after April's 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:BTCUSD
by TradingShot
3
ETCUSD Still on huge upside potential despite the current rally.Ethereum Classis (ETCUSD) is having an incredible +65% rally these past 4 days that has emphatically broken above the Bear Cycle's Lower Highs trend-line for good. Despite this remarkable rise, the price is still vastly undervalued below even the 0.382 Fibonacci retracement level from the All Time High (ATH), thus it has a huge upside potential. The next critical Resistance level is 46.3500 and that is our long Target as it is where both the 0.5 Fibonacci level and Resistance 1 are. ------------------------------------------------------------------------------- ** 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:ETCUSDLong
by TradingShot
2
BITCOIN ETF APPROVED!! Aggressive rally to $120k possible?Exactly a year ago (January 18 2023) we posted our last Fibonacci MAs study and called for a calculated rally while the rice was still at 20k: It is now time to expand on our original idea and update it using the Mayer Multiple Bands. Basically, as you can see on the chart below, the Mayer MA helped us on June 17 2022 identify the Bottom Phase on the 1W MA300: On the current analysis the 1W MA300 is portrayed by the blue trend-line but our focus has shifted to the black trend-line (Mayer Multiple Mean), which just broke emphatically this week. As you can see, when BTC has broken above this level since November 2015 (green circles), it starts aggressive rallies (lowest of those 3 has been the April - June 2019 of +180%). The dashed curve represents the Bull Cycle Rally phases and if the +180% mininum black trend-line rise is repeated, expect at least $120000 as the current Cycle High. It might be less aggressive than the previous ones (Theory of Diminishing Returns and Cycle lengthening) but it should hit at least the orange trend-line (2nd upper SD) as it has always done in the past. But what do you think? Are we going to see such a strong rally now that the Mayer Multiple Mean has been broken? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
7
HIVE/USDT - Hive: SuperTrend BBand Breakout◳◱ On the $HIVE/ CRYPTOCAP:USDT chart, the Supertrend Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.3761 | 0.4142 | 0.4815 and support near 0.3088 | 0.2796 | 0.2123. Entering trades at 0.3346 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Hive ▣ Rank: 305 ▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc ▣ Category/Sector: Media and Entertainment - Content Creation and Distribution ▣ Overview: Hive is a platform for creating decentralized applications (dApps), specializing in content distribution apps, that originated from a contentious chain split with Steem. As a result of the fork, the Hive network contains all of the content previously deployed to Steem. The split arose from a protracted battle between the former Steem community and the Tron Foundation after the latter acquired popular Steem-based app, Steemit Inc., including its STEEM holdings. Hive intentionally did not distribute HIVE tokens to Steem accounts associated with Tron so their perceived adversary could not have a stake in the new network. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.3346 ₮ ▣ 24HVol: 1,172,934.055 ₮ ▣ 24H Chng: -2.846% ▣ 7-Days Chng: -10.44% ▣ 1-Month Chng: -13.07% ▣ 3-Months Chng: 11.79% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.3761 | 0.4142 | 0.4815 ◢ Support: 0.3088 | 0.2796 | 0.2123 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -2.04 ▣ Last 90D: 1.08 ▣ Last 1-Y: 0.57 ▣ Last 3-Y: 0.74 ◲◰ Volatility : ▣ Last 30D: 0.42 ▣ Last 90D: 0.50 ▣ Last 1-Y: 0.58 ▣ Last 3-Y: 1.35 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.82 - V. Bullish ▣ Twitter sentiment score is 0.63 - Bullish ▣ Reddit sentiment score is 0.67 - Bullish ▣ In-depth HIVEUSDT 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
VANRY/USDT - : Trend Reversal◳◱ On the $VANRY/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.06426 | 0.0729 | 0.08843 and support near 0.04873 | 0.04184 | 0.02631. Entering trades at 0.05814 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: ▣ Rank: N/A ▣ Exchanges: Binance, Kucoin, Gateio ▣ Category/Sector: N/A ▣ Overview: project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.05814 ₮ ▣ 24HVol: 4,430,028.200 ₮ ▣ 24H Chng: 3.803% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.06426 | 0.0729 | 0.08843 ◢ Support: 0.04873 | 0.04184 | 0.02631 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth VANRYUSDT 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
BITCOIN Formed the first 1W Golden Cross in history!Bitcoin (BTCUSD) completed with last week's candle a Golden Cross on the 1W time-frame, its first ever in history! That alone is a monumental development, as the Golden Cross pattern is a powerful technical formation, especially on stable long-term time-frames such as the 1W. Apart from the technicalities, this pattern becomes even more important considering the fact that it was formed only three days before the all important decision of the U.S. Securities and Exchange Commission regarding the approval of a Bitcoin ETF. On the current analysis we decide it would be productive to maintain a long-term perspective on BTC and interpret the Golden Cross and the potential ETF approval on a macro Cyclical scale. As you can see, we are on that certain level during each Cycle when the Parabolic Rally is about to take off. Principally, there is nothing that can hold BTC back, especially after Halving 4 this April and every pull-back on the dotted trend-line is technically a long-term buy entry. But what do you think? Is this first ever 1W Golden Cross along with a potential ETF approval really what Bitcoin needs to take off and approach the All Time High? 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
10
Bitcoin might be setting itself up for a major pullbackSo far, the first week of 2024 carried in a rocky fashion for Bitcoin, with the price initially posting a new high and then dumping nearly 10%, only to rise again later. Currently, Bitcoin trades near $44,000, and we are starting to ponder about a shorting opportunity. With that said, we are paying close attention to the upward-sloping channel forming above another upward-sloping channel we had shown in the previous idea (also shown on the main chart). This strategy would involve entering a short position with the breakout below the channel's lower bound and placing a tight stop-loss above it while targeting $38,000 and potentially $36,000. To support a bearish thesis, we would like to see RSI, MACD, and Stochastic continue declining on the daily chart. Furthermore, we would like to see a drop in the number of Bitcoin addresses with balances exceeding 100 BTC, suggesting big players are unloading their holdings after buying a dip in the past two trading sessions. Another bolstering factor to watch out for would be the weakness in the stock market, considering the strong positive correlation between the two. We will update our thoughts on the asset with the emergence of new developments. Illustration 1.01 Illustration 1.01 displays the daily chart of BTCUSD and short trade setup, with the entry getting triggered upon a breakout below the lower bound of the upward-sloping channel and tight stop-loss above it. Technical analysis gauge Daily time frame = Neutral (no trend/weak trend) Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. 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:BTCUSDShort
by Tradersweekly
8
OSMOUSD Buy the break-outOsmosis (OSMOUSD) has been on a hyper aggressive rise in the form of a Channel Up since the October 19 2023 bottom, being supported by the 1D MA50 (blue trend-line) while forming a 1D Golden Cross in the process. It has reached Resistance 1 (2.27800), the first important Resistance level on the long-term and if it breaks, we will buy the break-out targeting 5.000 (just below Resistance 2). The confirmation signal can be given by the emerging Bullish Cross on the 1D MACD, just like the December 10 2023 Cross, which initiated a +172.93% rally. ------------------------------------------------------------------------------- ** 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:OSMOUSDLong
by TradingShot
NTRN/USDT - Neutron Coin: BBand Breakout◳◱ On the $NTRN/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 1.3266 | 1.5528 | 1.9213 and support near 0.9581 | 0.8158 | 0.4473. Entering trades at 1.3859 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Neutron Coin ▣ Rank: None ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: Neutron Coin project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 1.3859 ₮ ▣ 24HVol: 71,803,726.309 ₮ ▣ 24H Chng: 34.475% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 1.3266 | 1.5528 | 1.9213 ◢ Support: 0.9581 | 0.8158 | 0.4473 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth NTRNUSDT 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
DASH/USDT - Dash: TD Sequential◳◱ On the $DASH/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests momentum building up for a significant move. Traders might observe resistance around 36.84 | 41.97 | 50.17 and support near 28.64 | 25.57 | 17.37. Entering trades at 29.44 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Dash ▣ Rank: 168 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Payments - Currencies ▣ Overview: Dash is a fork of Bitcoin that focuses on the payments use case. It has introduced a number of features to the industry including masternodes, LLMQs, ChainLocks, and InstantSend, which target scalability, speed, reliability, cost-effectiveness, and user experience. The Dash network is also the longest-running decentralized autonomous organization, utilizing on-chain governance to allocate network resources toward projects and organizations that support the network. ◰◲ Technical Metrics : ▣ Mrkt Price: 29.44 ₮ ▣ 24HVol: 4,321,670.410 ₮ ▣ 24H Chng: 0.65% ▣ 7-Days Chng: -10.91% ▣ 1-Month Chng: -8.13% ▣ 3-Months Chng: 9.58% ◲◰ Pivot Points - Levels : ◥ Resistance: 36.84 | 41.97 | 50.17 ◢ Support: 28.64 | 25.57 | 17.37 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -0.79 ▣ Last 90D: 0.85 ▣ Last 1-Y: -0.24 ▣ Last 3-Y: 0.18 ◲◰ Volatility : ▣ Last 30D: 0.82 ▣ Last 90D: 0.63 ▣ Last 1-Y: 0.70 ▣ Last 3-Y: 1.07 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.40 - Bearish ▣ In-depth DASHUSDT 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
TIA/USDT - TIA: BBand Breakout◳◱ On the $TIA/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 13.9463 | 16.0131 | 19.3531 and support near 10.6063 | 9.3331 | 5.9931. Entering trades at 14.4831 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: TIA ▣ Rank: 1710 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: TIA project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 14.4831 ₮ ▣ 24HVol: 161,997,152.190 ₮ ▣ 24H Chng: 18.459% ▣ 7-Days Chng: -2.32% ▣ 1-Month Chng: -26.77% ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 13.9463 | 16.0131 | 19.3531 ◢ Support: 10.6063 | 9.3331 | 5.9931 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.43 ▣ Last 90D: -4.38 ▣ Last 1-Y: -4.38 ▣ Last 3-Y: -4.37 ◲◰ Volatility : ▣ Last 30D: 1.65 ▣ Last 90D: 2.47 ▣ Last 1-Y: 2.47 ▣ Last 3-Y: 2.47 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth TIAUSDT 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
APT/BTC - Aptos: BBand Breakout Super-Trend◳◱ On the $APT/ CRYPTOCAP:BTC chart, the Bband Breakout Super-Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00024987 | 0.00027758 | 0.00032384 and support near 0.00020361 | 0.00018506 | 0.0001388. Entering trades at 0.0002417 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Aptos ▣ Rank: 32 ▣ Exchanges: Binance, Gateio, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0002417 ₿ ▣ 24HVol: 78.934 ₿ ▣ 24H Chng: 11.004% ▣ 7-Days Chng: 7.86% ▣ 1-Month Chng: 34.88% ▣ 3-Months Chng: 94.75% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00024987 | 0.00027758 | 0.00032384 ◢ Support: 0.00020361 | 0.00018506 | 0.0001388 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.68 ▣ Last 90D: 2.78 ▣ Last 1-Y: 1.25 ▣ Last 3-Y: 0.45 ◲◰ Volatility : ▣ Last 30D: 1.12 ▣ Last 90D: 0.88 ▣ Last 1-Y: 1.12 ▣ Last 3-Y: 1.20 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.68 - Bullish ▣ In-depth APTBTC 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
BITCOIN Is a potential ETF approval already priced in?It has been almost 3 months since Cointelegraph's fake ETF approval tweet (October 16 2023), which was basically the start of a medium-term mid-Cycle parabolic rally for Bitcoin (BTCUSD) that saw it grow by +69.10% this week. Yesterday we got the first serious signs of exhaustion as the 1D candle made contact with the 1D MA50 (blue trend-line) for the first time since October 12 2023. That was also at the bottom (Higher Lows trend-line) of the long-term Channel Up pattern. Both (1D MA50 and Channel Up) held, which keeps the trend bullish for now. ** Is the ETF priced in ahead of SEC? ** Only days before the Securities and Exchange Commission's (SEC) deadline regarding its decision, the real question is, has a potential Bitcoin ETF approval already priced in on this enormous mid-Cycle rally? ** Buy the rumor, sell the news? ** Indeed that was a significant move, especially considering the fact that it took place months before the next Halving (number 4, expected this April), which is the fundamentals event that provides a supply shock in the market. Nobody knows for sure how the market will react to a potential ETF approval next week but we have seen the old 'Buy the rumor, sell the news' approach one too many times happening in situations like this. ** Next Halving is the benchmark ** It wouldn't be surprising to see a correction towards April's Halving and then accumulation towards the Bull Cycle's 1 year rally. Purely from a technical point of view, which is the only hard data we have at hand to work with, a 1D MA50/ Channel Down break downwards can start a technical correction towards the lower Fibonacci retracement levels and the long-term Moving Averages. ** Fibonacci targets and the 1W MA50 ** The first level to test would be the 0.382 Fibonacci around 37500 and then the 0.5 Fib around 35350. If the correction takes place gradually in a controlled manner and not aggressively, we can see a 1D MA200 (orange trend-line) contact by then. A more aggressive possibility can see BTC test the 0.618 Fib and the 1W MA50 (red trend-line) a little lower, which is the natural long-term Support during Bull Cycles and is currently intact (the 1W MA50) since March 13 2023. ** Bearish Divergence ** In addition to the above technical realities, we shouldn't ignore the 1D RSI, which has been on Lower Highs since October 25 2023, i.e. peaked 9 days after Cointelegraph's fake ETF tweet, trading within a Falling Wedge pattern, which with regards to the price's Channel Up, is a Bearish Divergence. But what do you think? Is a potential ETF approval already priced in, and if yes how low do you expect the price to fall? 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
10
Bitcoin kicks off the New Year on a bullish noteAfter a series of bearish breakouts from the pattern resembling a triangle on the hourly chart, Bitcoin kicked off the new year on a bullish note and skyrocketed through its upper bound. By doing so, it established a new high at $45,532. Yet, despite this being a bullish development, a few things continue to ring an alarm bell for us. Last week, we noted that Bitcoin addresses with balances exceeding 100 BTC and 1,000 BTC increased in number following the dip in price. However, we have seen the opposite happening since 29th December 2023, with big players seemingly unloading their holdings into Bitcoin’s strength. While this occurrence does not necessarily warrant Bitcoin’s top, it is something to monitor in the foreseeable future. Another thing to watch out for would be an invalidation of a breakout above $44,729 and technicals on the daily chart. In the past two weeks, we have seen RSI retreat from the overbought territory and MACD reverse to the downside. Then, in the past three trading sessions, we have seen them attempting to reverse to the upside. If MACD follows through and RSI breaks above 70 points, it will bolster a bullish case. In such a scenario, we expect Bitcoin to test an important resistance near $48,000. Contrarily, the failure of the mentioned technicals to continue gaining strength will raise our concerns. All in all, our stance remains unchanged, and we will update our thoughts on the asset with the emergence of new developments. Illustration 1.01 The picture shows the hourly chart of Bitcoin and the pattern resembling an ascending triangle. Yellow arrows indicate essential developments. Illustration 1.02 Illustration 1.02 displays the daily graph of Bitcoin and simple support/resistance levels. Technical analysis gauge Daily time frame = Neutral (no trend/weak trend) Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. 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
48
IMX - Potential 430% Swing LongJust a late-night brain dump. I've been trading IMX and WOO for the past 6 months almost everyday and noticed they respect my strategy in similar fashion - so i wanted to look for a correlation between their price action. To my limited FA knowledge, they don't have anything in common at all, but that doesn't matter at all. With fractals, I don't care too much about the internal moves, but mainly pay attention to the swing points. It's pretty straightforward and an easy 430% win at worst if you just sit on your hands for 8-12 months. Could be a lot better if you'd take profit and compound them in between, but sometimes that doesn't end well. Let's see how that plays out.
BINANCE:IMXUSDLong
by cryptokebab
5
MKRUSD Channel Up top hit. Pull-back expected.We last looked into Maker (MKRUSD) 4 months ago (see chart below) where we called for a buy that eventually hit our 1600 target: This time we are making a sell call as the price hit the top of the 5-month Channel Up. Our target is just above the 0.618 Fibonacci retracement level at 1500, which has been the pull-back level of the last two medium-term corrections within the Channel. It is likely that the market tests the 1D MA200 (orange trend-line) there, before it rebounds aggressively for the 2024 parabolic rally. ------------------------------------------------------------------------------- ** 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:MKRUSDShort
by TradingShot