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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
ID ADX Breakout Before Price Breakout Channeling upThe MACD Signaled a Buy with the EMA Crossovers happening above the Signal Line. We're Channeling on the 1.0 and 1.618 fib showing bullish Strength. We can see before ID Broke out almost 100% the ADX Broke out a Resistance Line and is Now Channeling Upward Below is the Call that Made ID Catch my Attention 🔎 *Symbol*: `ID/USDT` 📈 *Signal*: `Long` 💲 *Current Price*: `0.61248` 🛑 *Stop-Loss*: `0.18023112000000002` 💰 *Market Cap*: `286793089.6509273` 🚪 *Entry Prices*: 📥 Entry Price 1: `0.36552888` 📥 Entry Price 2: `0.42284556000000006` 📥 Entry Price 3: `0.46917000000000003` 📥 Entry Price 4: `0.51549444` 🏁 *Exit Prices*: 📤 Exit Price 1: `0.8154255600000001` 📤 Exit Price 2: `0.90807444` 📤 Exit Price 3: `1.05804` 📤 Exit Price 4: `1.2080055600000001
Long
by Tracking_Technicals
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: Bitcoin has experienced a significant increase during this week's trading session, surpassing the predicted Inner Coin Rally of 44200. As a result, it has achieved our Outer Coin Rally projection of 47500. The next target for Bitcoin is to reach the Key Resistance level of 48700, followed by the Inner Coin Rally of 49500. The ultimate goal is to achieve the Outer Coin Rally of 53000. However, if there is a decline in the coin value, it may retest a Mean Support level of 46000 before continuing its upward trend.
BITSTAMP:BTCUSD
by TradeSelecter
BITCOIN forming the first 4H Golden Cross in 5 months!Bitcoin (BTCUSD) is about to form a Golden Cross on the 4H time-frame, which will be the first such formation in almost 5 months (since September 18 2023)! Regardless of the time that has passed since its last occurrence (which is a strong parameter), that pattern alone is a strong enough bullish signal for the short-term. This can be the signal that can trigger a strong rally back to January's High but within the technical context of the dominant medium-term pattern that is none other than an Inverse Head and Shoulders (IH&S). That is a technical bullish reversal pattern that is formed on market bottoms. It could be no coincidence that the last 4H Golden Cross (chart on the right) was formed while BTC was completing an Inverse Head and Shoulders. The standard target of such patterns is the 2.0 Fibonacci extension level. As you see on October 20 2023 that was exactly where the price consolidated and it happened to be a Resistance level from a former High. The 2.0 Fib on the current IH&S happens to be only marginally above the 49000 Resistance and that is our Target for the short-term. Do you agree that the emergence of a 4H Golden Cross and the Inverse Head and Shoulders can take the price back to January's 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:BTCUSDLong
by TradingShot
44
Big speculators positioned themselves before the rip, what now?Overnight, Bitcoin leaped higher, breaking above $44,500. As this move was preceded by an aggressive rise in the number of Bitcoin addresses with balances exceeding 1,000 BTC, we consider it important to watch out for what will happen to this number in the upcoming days; a drop in the figure could suggest large speculators are utilizing an uptick in the price to sell holdings accumulated during the recent dip, raising slight concerns and dampening the chances of Bitcoin continuing to new highs. On the technical side, the RSI’s bearish structure became distorted, and the MACD fully entered a bullish zone above the midpoint (on the daily time frame). Both of these developments are bullish in the short term. Consequently, it seems appropriate to keep targeting $48,000 for as long as Bitcoin stays above $43,900. Illustration 1.01 The chart above shows a distortion of the RSI’s bearish structure on the daily chart. Illustration 1.02 Illustration 1.02 portrays the daily graph of Bitcoin’s MACD. The yellow arrow indicates a breakout into a bullish area. Technical analysis gauge Daily time frame = Slightly bullish Weekly time frame = Slightly 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
4
AVAX/USDT - Avalanche: Trend Reversal◳◱ On the $AVAX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 37.55 | 40.22 | 45.52 and support near 32.25 | 29.62 | 24.32. Entering trades at 35.29 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Avalanche ▣ Rank: 10 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets. ◰◲ Technical Metrics : ▣ Mrkt Price: 35.29 ₮ ▣ 24HVol: 97,441,798.042 ₮ ▣ 24H Chng: 2.796% ▣ 7-Days Chng: 4.15% ▣ 1-Month Chng: 1.68% ▣ 3-Months Chng: 139.28% ◲◰ Pivot Points - Levels : ◥ Resistance: 37.55 | 40.22 | 45.52 ◢ Support: 32.25 | 29.62 | 24.32 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.92 ▣ Last 90D: 3.90 ▣ Last 1-Y: 1.04 ▣ Last 3-Y: 0.78 ◲◰ Volatility : ▣ Last 30D: 0.89 ▣ Last 90D: 1.17 ▣ Last 1-Y: 0.82 ▣ Last 3-Y: 1.29 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.58 - Bullish ▣ Reddit sentiment score is 0.27 - V. Bearish ▣ In-depth AVAXUSDT 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
SOL/BTC - Solana: BBand Breakout◳◱ On the $SOL/ CRYPTOCAP:BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.0023843 | 0.0025267 | 0.0027507 and support near 0.0021603 | 0.0020787 | 0.0018547. Entering trades at 0.0022642 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Solana ▣ Rank: 5 ▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0022642 ₿ ▣ 24HVol: 566.038 ₿ ▣ 24H Chng: 2.092% ▣ 7-Days Chng: 3.31% ▣ 1-Month Chng: 1.71% ▣ 3-Months Chng: 78.15% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0023843 | 0.0025267 | 0.0027507 ◢ Support: 0.0021603 | 0.0020787 | 0.0018547 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.58 ▣ Last 90D: 3.32 ▣ Last 1-Y: 2.00 ▣ Last 3-Y: 1.35 ◲◰ Volatility : ▣ Last 30D: 0.77 ▣ Last 90D: 1.16 ▣ Last 1-Y: 0.89 ▣ Last 3-Y: 1.25 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.66 - Bullish ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.36 - Bearish ▣ In-depth SOLBTC 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
NKN/BTC - NKN: BBand Breakout Super-Trend◳◱ On the $NKN/ 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 0.00000252 | 0.0000026 | 0.00000274 and support near 0.00000238 | 0.00000232 | 0.00000218. Entering trades at 0.00000246 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: NKN ▣ Rank: 401 ▣ Exchanges: Binance, Kucoin, Huobipro, Hitbtc ▣ Category/Sector: Infrastructure - IoT ▣ Overview: NKN is a public blockchain that aims to use economic incentives to motivate Internet users to share network connections and utilize unused bandwidth. NKN aims to be a network for building decentralized applications in a way that enhances peer-to-peer data transmission and connectivity. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000246 ₿ ▣ 24HVol: 0.498 ₿ ▣ 24H Chng: -0.405% ▣ 7-Days Chng: 3.22% ▣ 1-Month Chng: 5.35% ▣ 3-Months Chng: 6.88% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000252 | 0.0000026 | 0.00000274 ◢ Support: 0.00000238 | 0.00000232 | 0.00000218 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -0.59 ▣ Last 90D: 0.65 ▣ Last 1-Y: 0.31 ▣ Last 3-Y: 0.88 ◲◰ Volatility : ▣ Last 30D: 0.64 ▣ Last 90D: 0.75 ▣ Last 1-Y: 0.80 ▣ Last 3-Y: 1.66 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.42 - Bearish ▣ In-depth NKNBTC 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
ADA/BTC - Cardano: Super Trend◳◱ On the $ADA/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00001211 | 0.00001262 | 0.00001344 and support near 0.00001129 | 0.00001098 | 0.00001016. Entering trades at 0.00001179 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Cardano ▣ Rank: 9 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Cardano is an open-source, smart-contract platform that aims to provide multiple features through layered design. Its modularization will eventually allow for network delegation, sidechains, and light client data structures. Cardano uses a version of Proof-of-Stake (PoS) called Ouroboros to secure the network and manage the block production process. The network features a native token called ADA that gives stakers a claim on new issuance in proportion to their holdings and allows users to pay for transactions. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001179 ₿ ▣ 24HVol: 136.168 ₿ ▣ 24H Chng: 5.93% ▣ 7-Days Chng: 3.87% ▣ 1-Month Chng: 2.89% ▣ 3-Months Chng: 36.53% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001211 | 0.00001262 | 0.00001344 ◢ Support: 0.00001129 | 0.00001098 | 0.00001016 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.00 ▣ Last 90D: 1.75 ▣ Last 1-Y: 0.60 ▣ Last 3-Y: 0.36 ◲◰ Volatility : ▣ Last 30D: 0.74 ▣ Last 90D: 0.88 ▣ Last 1-Y: 0.69 ▣ Last 3-Y: 0.96 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.96 - V. Bullish ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.73 - Bullish ▣ In-depth ADABTC 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