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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook: The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there are two crucial levels that investors/traders should keep a close eye on. These are the Outer Coin Rally 39200 and the Outer Coin Rally 41200. These levels are significant as they can influence the future trend of Cryptocurrency.
BITSTAMP:BTCUSD
by TradeSelecter
The Black Swan Method- Making TA as a trader is like reading a magical ball but some major unpredictable events are out of control. - i usually accurate most of the time but i should be a fool to think i am always right, it's impossible to make TA in that markets conditions. - So this post is not to make some kind of predictions but to warn peoples on what's going on right now. - i will try to explain very basically the situation (with my bad english skills, so forgive me if i make some mistakes) : 1/ the first attack was based on Luna and UST, some entities started to short UST/Luna with some billions $, FTX and SBF surely did it. Luna tried to save the situation with their BTC reserve but it was effortless. they lost all. (Luna have never been hacked, important to specify this ) 2/ the fail of UST was the first step to create a snowball effect. 3/ 3AC, Celsius, Voyager, and much more were all involved in Luna/UST and Anchor Protocol witch was giving 18% returns on UST. They used customers funds in UST and staked, when the situation started to turn really bad for Luna, they tried to save the situation trading customers funds and they failed. (any of those companies have been hacked, important to specify this ) 4/ FTX used customers funds and started to short their own products, FTT, SOL, SRM, etc , Binance saw the move and twitted that they will drop all their FTT. FTX locked their customers wallets. FTX used 8B$ Customers funds to short markets. they are still right now trying to short USDT on Binance. (FTX have never been hacked, important to specify this). 5/ The snow ball started to be transformed in an avalanche. The damage here is huge. An exchange implosion of this magnitude is a gift to bitcoin haters all over the world. 6/ Sam bankman-fried was a Trojan horse in the crypto space, surely backed by banks and govs, a kind of worm witch have to be eradicated. 7/ Soon bankers will tell you, " u saw what happened with your exchanges ??!!, better use CDBC and stick with Banks!! ", this is their ultimate goal. - i pray for everyone who got caught up in this mess and lost money with those bad actors. - i hope you take care of yourself and continue to be a part of this journey. - i hope it doesn't turn you off of crypto witch are here to stay in the future. - BTC is resilient. No matter the magnitude of the earthquake. - Buy BTC - Store in Ledger, Trezor or Paper Wallet. - Hodl and come back later. Have faith in what you believe and fight. Thanks for reading! PS : Not sure this post will get me banned or censored, but at this point the freedom of speech is an human right.
KRAKEN:BTCUSDLong
by thecryer
24
ETH/USD Secondary trend (part). Reversal zones. Channel. 9 06Secondary direction (part). Terms 3 days. logarithmic graph. Reversal zones. Channel in 96% increments The price squeeze zone for about 1 month in a narrow range of 14% under the resistance of the horizontal channel (+60% of the trend reversal) in the local ascending channel after a false breakdown of resistance on April 18. Decoupling in the near future (relevant for traders working medium-term and locally). The chart shows price reversal zones, the reaction of which determines the further medium-term development of the trend. Also, for clarity, percentages of key resistance/support levels from price reversal zones are shown. Line chart. Time frame 3 days. Scare and save, this is the essence of earning wolves and losing funds to illusoryly frightened and then rescued sheep. Main trend. Time frame 1 month. ETH/USD Main Trend Pamp/Dump Cycles. Accumulation/distribution. A healthy balance of risk management is the basis for increasing a trader's cash deposit. In trading, you can't always be right... It's unnecessary and impossible. But when you're wrong, you shouldn't lose too much money... When you are right, the gain should be much greater than the loss if you miscalculate. Profit to loss must be at least 3 : 1.
BITSTAMP:ETHUSD
by SpartaBTC
5
LDOUSD Expecting a 1D MA50 pull-back.Lido Dao (LDOUSD) has finally broken above the hurdles of the Lower Highs trend-line that kept the trend bearish throughout the majority of 2023. Ahead of the first 1D Golden Cross pattern in more than 9 months, it is possible for buyers to take some profits around Resistance 1 (2.4850) and the 0.618 Fibonacci level (2.4125) and look to buy after the Golden Cross. Especially with a 1D RSI vastly overbought near 80.00, we are expecting a pull-back towards the 1D MA50 (blue trend-line) and 0.382 Fib in order to buy and target the 0.786 Fibonacci retracement level at 2.8000, which is practically Resistance 2. ------------------------------------------------------------------------------- ** 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:LDOUSD
by TradingShot
2
Retail tricked in April, then in July, and now again?While Bitcoin hovers slightly below $35,000, the volume continues to decline, suggesting a decreasing interest among buyers near the current price tags. Consequently, we remain very vigilant and monitor the situation. On the daily chart, RSI is approaching 70 points; if it breaks below this level, it will bolster the odds for a trend reversal. In addition to that, MACD and Stochastic are rolling over, turning slightly bearish. As if that was not enough, ADX seems to have peaked, which could have signaled the top for Bitcoin. Yet, despite all of these developments, we continue to see extremely bullish sentiment, mainly among retail. Overall, the situation is reminiscent of April 2023 and July 2023, when Bitcoin was topping (and retail kept buying tokens from big players). Therefore, a big shakeup might be just behind a corner. Illustration 1.01 Illustration 1.01 displays the daily chart of BTCUSD and simple support levels derived from peaks and troughs. Illustration 1.02 The picture above shows the daily chart of BTCUSD and two simple moving averages acting as alternative support levels to watch out for. Illustration 1.03 Illustration 1.03 portrays the questionable relationship between the price and volume. Illustration 1.04 The image above shows the daily chart of RSI, which is approaching 70 points. Technical analysis gauge Daily time frame = Bullish (peaking and turning slightly bearish) 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
47
BITCOIN Is this the temporary Top before the Halving?Bitcoin (BTCUSD) has almost hit 37k today, and is getting closed to the 0.618 Fibonacci retracement level (39300), which is a key level for the Bull Cycle. We may be seeing a temporary Top for the market on what can be the start of a few months of sideways trading/ consolidation before the price starts rising again towards Halving 4 (April 2024). The reasoning behind this assumption is that the Higher Lows trend-line that starts at the bottom of every Cycle, formed medium-term Tops (green circles) in the past two Cycles on February 15 2016 and February 10 2020, as it turned into a Higher Highs Resistance. The price has been at or marginally below the 0.618 Fibonacci level on those occasions. At the same time, the dashed Higher Lows trend-line always supported, with the exception of March 2020 and the COVID crash, which was a market extreme. Every Cycle has so far had its own extreme event below the dashed Higher Lows, whether that was the Bitfinex crash in August 2015 or more recently the FTX crash in November 2022. Needless to mention that after a certain point, the 1W MA50 (blue trend-line) always becomes the Bull Cycle's long-term Support, and it appears that we are once more past this level as it successfully held from August until September. It is therefore very encouraging for long-term investors that both the 1W MA50 and the dashed trend-line have most likely turned into the Support levels that will lead to the point that the Parabolic Rally will take off but at the same time, we may be entering a phase where for a few weeks, BTC will trade sideways in a potential new accumulation phase. So what do you think? Is Bitcoin about to price a temporary top or will it march past the 0.618 towards 45k-50k? 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
Prepare for a major ALTSEASON ahead!We believe the alt coin market is starting a major rally and the indicator is a simple 1M MA50 (blue trend-line) test on the BTC Market Cap Dominance (BTC.D). Every time the market has touched its 1M MA50, the alts market (orange trend-line) has started an aggressive rally, which is what we call 'Altseason'. Since September 2019, this is the 3rd time we will have such a major Altseason event and since we are before BTC's Halving, it will most likely not be the last of the current Cycle. Have you picked up your alts already?? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:BTC.D
by TradingShot
1
ZRX/USDT - 0x: Super Trend◳◱ On the $ZRX/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.3069 | 0.3474 | 0.4176 and support near 0.2367 | 0.207 | 0.1368. Entering trades at 0.2871 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: 0x ▣ Rank: 160 ▣ Exchanges: Binance, Bybit, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: 0x is a permissionless protocol to facilitate trading of Ethereum based tokens including ERC-20, ERC-721, and other Ethereum standards. 0x is not itself a decentralized exchange, but instead a system of smart contracts that connects liquidity providers and market makers in order to provide exchange functionality in a range of applications. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.2871 ₮ ▣ 24HVol: 4,637,944.833 ₮ ▣ 24H Chng: 7.007% ▣ 7-Days Chng: 5.08% ▣ 1-Month Chng: 47.07% ▣ 3-Months Chng: 35.78% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.3069 | 0.3474 | 0.4176 ◢ Support: 0.2367 | 0.207 | 0.1368 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 3.98 ▣ Last 90D: 1.77 ▣ Last 1-Y: 0.44 ▣ Last 3-Y: 0.46 ◲◰ Volatility : ▣ Last 30D: 0.98 ▣ Last 90D: 0.83 ▣ Last 1-Y: 0.91 ▣ Last 3-Y: 1.21 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.61 - Bullish ▣ Reddit sentiment score is 0.46 - Bearish ▣ In-depth ZRXUSDT 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
ARDR/USDT - Ardor: Trend Reversal◳◱ On the $ARDR/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.0966 | 0.1027 | 0.1165 and support near 0.0828 | 0.0751 | 0.0613. Entering trades at 0.092 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Ardor ▣ Rank: 303 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ardor offers a live multi-chain “blockchain as a service” platform based on a revolutionary parent/child chain architecture. This architecture, in combination with 250+ APIs and lightweight smart contracts coded in Java, allows businesses to launch custom blockchains (“child chains”). Each child chain on the Ardor platform can interface with off-chain databases while leveraging the Ardor parent chain’s decentralized network of nodes for energy-efficient proof of stake security. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.092 ₮ ▣ 24HVol: 731,043.724 ₮ ▣ 24H Chng: 4.903% ▣ 7-Days Chng: 3.49% ▣ 1-Month Chng: 36.47% ▣ 3-Months Chng: 14.53% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0966 | 0.1027 | 0.1165 ◢ Support: 0.0828 | 0.0751 | 0.0613 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.40 ▣ Last 90D: 1.70 ▣ Last 1-Y: 0.38 ▣ Last 3-Y: 0.44 ◲◰ Volatility : ▣ Last 30D: 1.50 ▣ Last 90D: 0.98 ▣ Last 1-Y: 0.86 ▣ Last 3-Y: 1.19 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.55 - Bullish ▣ In-depth ARDRUSDT 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
KASUSD Pull-back soon, which will be a buy opportunity.Kaspa (KASUSD) has been on a 5-day bullish run as it first consolidated on the 1D MA50 (blue trend-line) and bottom (Higher Lows trend-line) of the 5-month Channel Up, solidifying it as the Support. The 1D RSI is extremely overbought above 80.00 and soon that should transcend into a technical pull-back. The current rise resembles that of June, which extended to +105%, then pulled-back near the 0.5 Fibonacci retracement level and the 1D MA50 and started the final and most aggressive leg of +155% to the Channel's new Higher High. As a result we will look to buy at the end of a potential 1 week pull-back and target 0.16000 (estimated +155%). ------------------------------------------------------------------------------- ** 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:KASUSDLong
by TradingShot
2
NEOUSD Amazing rally but it's coming to an end for now.NEO (NEOUSD) had the strongest 1W green candle last week since April 2021, which was towards the end of the previous Bull Cycle. Even though it broke above the 1W MA50 (green trend-line) for the first time since December 06 2021, also using the 1W MA50 (blue trend-line) as Support, the rally stopped on Resistance 1 (15.7500). This is technically putting an end to this hyper aggressive bullish sequence, until we see a week closing above it. The 1W RSI also got rejected on the 70.00 overbought barrier. A similar price action was seen during the accumulation phase of the previous Cycle and fractal wise we could be in a similar situation as the October 28 2019High. Of course this time, the 1W MA100 broke, while in that past phase it broke after Bitcoin's Halving. Regardless of that, we may have an opportunity to buy NEO on the 1W MA50 again, unless it closes a 1W candle above Resistance 1 first. In both cases, the target is the 0.5 Fibonacci retracement level at 29.00. ------------------------------------------------------------------------------- ** 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:NEOUSD
by TradingShot
2
QI/USDT - BENQI: Failure_Swing◳◱ We've detected a Failure Swing pattern on the $QI / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00556 | 0.00594 | 0.00666 and the major support zones are respectively at 0.00484 | 0.0045 | 0.00378. It is a bullish indication and we may consider buying at the current price zone of 0.0055 and targetting higher levels. ◰◲ General info : ▣ Name: BENQI ▣ Rank: 604 ▣ Exchanges: Binance, Kucoin, Mexc, Hitbtc ▣ Category/Sector: Financial - Lending ▣ Overview: BENQI was launched on August 19, 2021, on the Avalanche C-Chain, and as the first recipient of the Avalanche Rush Initiative, received $3 million to be allocated as liquidity incentives for the users. The project is led by Dan Mgbor, who has over seven years of experience in project management, as well as various consultancy roles. BENQI is a Liquidity Market Protocol focused on approachability, ease of use, and low fees. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0055 ₮ ▣ 24HVol: 4,574,476.852 ₮ ▣ 24H Chng: -1.961% ▣ 7-Days Chng: 8.59% ▣ 1-Month Chng: 6.61% ▣ 3-Months Chng: -12.80% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00556 | 0.00594 | 0.00666 ◢ Support: 0.00484 | 0.0045 | 0.00378 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -22.15 ▣ Last 90D: -21.87 ▣ Last 1-Y: -16.11 ▣ Last 3-Y: -16.86 ◲◰ Volatility : ▣ Last 30D: 0.32 ▣ Last 90D: 0.34 ▣ Last 1-Y: 0.73 ▣ Last 3-Y: 1.06 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.77 - V. Bullish ▣ In-depth QIUSDT 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
LTC/BTC - Litecoin: Super Trend◳◱ On the $LTC/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.002132 | 0.00227 | 0.002497 and support near 0.001905 | 0.001816 | 0.001589. Entering trades at 0.002031 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Litecoin ▣ Rank: 18 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Payments - Currencies ▣ Overview: Litecoin is a fork of Bitcoin's codebase with four times faster block times and a four times larger supply. The project considers itself complementary to Bitcoin as a silver to Bitcoin's gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.002031 ₿ ▣ 24HVol: 110.878 ₿ ▣ 24H Chng: 2.421% ▣ 7-Days Chng: 3.66% ▣ 1-Month Chng: 8.87% ▣ 3-Months Chng: -13.40% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.002132 | 0.00227 | 0.002497 ◢ Support: 0.001905 | 0.001816 | 0.001589 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 3.44 ▣ Last 90D: -0.90 ▣ Last 1-Y: 0.44 ▣ Last 3-Y: 0.58 ◲◰ Volatility : ▣ Last 30D: 0.36 ▣ Last 90D: 0.49 ▣ Last 1-Y: 0.74 ▣ Last 3-Y: 0.97 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.57 - Bullish ▣ In-depth LTCBTC 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
IOTA/USDT - IOTA: Trend_Reversal◳◱ An intriguing development has unfolded on the FWB:IOTA / CRYPTOCAP:USDT chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.1677 | 0.1837 | 0.2145 and the significant support levels found at 0.1369 | 0.1221 | 0.0913. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 0.159, allowing us to take advantage of the projected trend continuation. Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies. ◰◲ General info : ▣ Name: IOTA ▣ Rank: 89 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Bittrex ▣ Category/Sector: Services - IoT ▣ Overview: IOTA is transaction settlement and data transfer layer for the Internet of Things (IoT). It's distributed ledger, the Tangle, is based on a data structure referred to as a Directed Acyclic Graph (DAG). In the Tangle there are no blocks or miners, and every transaction on the Iota network must validate two previous transactions through a small proof-of-work (PoW). Thus the more transactions occur, the faster the network can process new transactions, theoretically allowing the network to become more efficient as it scales. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.159 ₮ ▣ 24HVol: 1,827,655.453 ₮ ▣ 24H Chng: 3.448% ▣ 7-Days Chng: 12.59% ▣ 1-Month Chng: 6.28% ▣ 3-Months Chng: -9.42% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.1677 | 0.1837 | 0.2145 ◢ Support: 0.1369 | 0.1221 | 0.0913 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -23.01 ▣ Last 90D: -21.22 ▣ Last 1-Y: -18.39 ▣ Last 3-Y: -18.23 ◲◰ Volatility : ▣ Last 30D: 0.36 ▣ Last 90D: 0.41 ▣ Last 1-Y: 0.57 ▣ Last 3-Y: 0.94 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.70 - Bullish ▣ Reddit sentiment score is N/A ▣ In-depth IOTAUSDT 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
XRP/BTC - XRP: Failure Swing◳◱ On the $XRP/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00001714 | 0.00001819 | 0.00001993 and support near 0.0000154 | 0.00001471 | 0.00001297. Entering trades at 0.00001858 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: XRP ▣ Rank: 5 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Payments - Currencies ▣ Overview: XRP is a cryptocurrency aiming to increase the speed and reduce the cost of transferring money between financial institutions. Underpinning Ripple's xRapid product, an on-demand liquidity solution, XRP is used as a bridge currency for financial institutions exchanging value between multiple fiat currencies. XRP is the native token of the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001858 ₿ ▣ 24HVol: 743.419 ₿ ▣ 24H Chng: 5.448% ▣ 7-Days Chng: 17.12% ▣ 1-Month Chng: 23.91% ▣ 3-Months Chng: 4.57% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001714 | 0.00001819 | 0.00001993 ◢ Support: 0.0000154 | 0.00001471 | 0.00001297 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 6.33 ▣ Last 90D: 0.63 ▣ Last 1-Y: 0.67 ▣ Last 3-Y: 0.86 ◲◰ Volatility : ▣ Last 30D: 0.42 ▣ Last 90D: 0.48 ▣ Last 1-Y: 0.99 ▣ Last 3-Y: 1.27 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.56 - Bullish ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.37 - Bearish ▣ In-depth XRPBTC 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 Closer to the Parabolic Rally than we think!Bitcoin (BTCUSD) typically starts the (final and most aggressive) Parabolic Rally sequence of the Bull Cycle straight after each Halving event. The next one (Halving 4) is expected in April 2024. Not too far away but the Vortex Indicator (VI) and Bollinger Bands Width (BBW) on the 2M time-frame show, we may be on the verge of starting it before the Halving. As you can see, the BBW historically bottoms after the Halving and may have as a Support a (dotted) Lower Lows trend-line. It is on course to bottom there in March 2024. But it is the VI, which may only be max 2 months away from making a Bullish Cross, which is a formation it has historically done right before BTC starts a long-term sequence of straight green candles (Parabolic Rally) straight to the Bull Cycle's peak. As a result, we may see this cross taking place on the next 2M candle (Jan 2024). What do you think? Can it be that we are that closer to the start or a "green only candle rally" than we think? 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
50
Decreasing volume rings an alarm bellAs Bitcoin’s price action continues to grow erratic, we keep staying on the sidelines and monitoring the situation. Today, we would like to highlight one development that occurred yesterday when Bitcoin nearly hit $36,000. We are talking about the significant drop in the number of Bitcoin addresses with balances exceeding 100 BTC (remember, there was a massive jump in this number just shortly before the release of fake news about ETF approval, which took Bitcoin above $30,000). This event suggests that some of the big players are utilizing the opportunity to cash out their profits (in fact, the number has been trending down since around 23rd October 2023). Furthermore, while it does not mean Bitcoin has already topped, this development, combined with decreasing volume, rings an alarm bell for us as it indicates fewer people are willing to buy the asset at the current prices, making a case for trend reversal. With that said, we will pay close attention to RSI on the daily chart. To support a thesis about the trend reversal, we would like to see it break below 70 points. Simultaneously, we want to see a decline in MACD and Stochastic. Contrarily, to support a continuation of the rally, we would like to see an uptick in volume, accompanying the price higher. 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. Green and red arrows indicate a questionable relationship between the price and volume, which suggests fewer buyers are willing to buy the asset at such elevated price tags. Illustration 1.02 Illustration 1.02 shows the 1-minute chart of BTCUSD, illustrating the erratic start of the month for Bitcoin. 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 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
19
CFX/USDT - Conflux Network: Trend Reversal◳◱ On the $CFX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.1831 | 0.2104 | 0.2753 and support near 0.1182 | 0.0806 | 0.0157. Entering trades at 0.1662 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Conflux Network ▣ Rank: 78 ▣ Exchanges: Binance, Kucoin, Bybit, Gateio, Mexc, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Conflux Network is a smart contract platform that features a Turing-complete state machine built atop a high-throughput consensus protocol. Conflux reaches an agreement on transaction validator based on the total order of blocks organized in a Tree-Graph, a novel consensus mechanism that scaling benefits relative to existing blockchains. It also uses Proof-of-Work (PoW) to supplement its Tree-Graph consensus protocol. Conflux has a native token called CFX that serves as the reward for network miners and as a means for paying transaction fees. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.1662 ₮ ▣ 24HVol: 15,561,996.278 ₮ ▣ 24H Chng: 8.203% ▣ 7-Days Chng: 6.76% ▣ 1-Month Chng: 27.71% ▣ 3-Months Chng: -6.14% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.1831 | 0.2104 | 0.2753 ◢ Support: 0.1182 | 0.0806 | 0.0157 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.55 ▣ Last 90D: 0.07 ▣ Last 1-Y: 1.55 ▣ Last 3-Y: 0.44 ◲◰ Volatility : ▣ Last 30D: 1.37 ▣ Last 90D: 1.02 ▣ Last 1-Y: 1.94 ▣ Last 3-Y: 1.85 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.62 - Bullish ▣ In-depth CFXUSDT 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