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62K for entry 57.8K for targetMorning folks, So BTC has failed to break the vital 64.5K resistance that we've talked about last time. It means that context remains bearish and chances on downside AB=CD have increased. Especially on the back of outstanding rally in USD and US yields. It makes us to consider no long positions by far, treat former 64.5 top as invalidation point and watch south. Nearest downside target seems to be around 57.8K. For position taking it is possible to consider 62K intraday resistance, if you have plans to sell. For long position taking we need to get either failure of current bearish scenario and rally above 64.5K top or deeper standing support areas. We have nothing yet, so let's wait with any longs by far.
COINBASE:BTCUSDShort
by Sive-Morten
LITECOIN Its time to shine again has come.Litecoin (LTCUSD) is trading on its 3rd historic Cycle but remains below its 1W MA50 (blue trend-line) since basically late June. The market however, is no stranger to such dips below the 1W MA50 as it has done so both in September - October 2020 and (for just small fractions) in October 2016. As it is easily obvious, this is a 4-year cyclical behaviour. All Cycles have a Top, Bear Phase, Accumulation phase under Lower Highs and finally Parabolic Rallies. It appears that we are currently just ending the final accumulation phase below the pre-rally Lower Highs, also evident by the 1W RSI, which is consolidating on its Higher Lows trend-line. Even though the rally is confirmed after the price breaks above the 1W MA200 (orange trend-line) and the Lower Highs trend-line, we have valid evidence to argue that an early buy now is even more optimal. Technically LTC can go as high as the 1.1 Fibonacci extension ($500.00) but as last Cycle practically just marginally hit the previous All Time High (AT), we will settle for the time being for an ATH test at $400.00 if this is where it will be by the time the price starts approaching the top of the Sine Wave. The latter has been an excellent sell signal since, as mentioned, these are 4-year Cycles. ------------------------------------------------------------------------------- ** 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:LTCUSDLong
by TradingShot
1
Phemex Analysis #27: SUI _ Will It Continue Soar or Sink?After its initial surge, PHEMEX:SUIUSDT.P has been locked in a battle with resistance. Breaking through one hurdle after another, it has now found itself staring at the formidable wall of its all-time high, $2.18. A recent retracement has brought it back to $1.88, leaving investors pondering its next move. The Road Ahead: A Tale of Three Scenarios Breaking Free : The most optimistic scenario would see SUI shatter the $2.18 resistance with a surge of volume. This could propel it to even higher heights, igniting a new wave of bullish sentiment. A Bearish Turn : However, the market has shown signs of weakness. A second one-day high accompanied by a RSI divergence suggests that a bearish reversal might be brewing. If SUI falls below the $1.60 support level with significant volume, a downward spiral could ensue. The Waiting Game : A more likely scenario is a period of consolidation. SUI might hold the $1.70 support level while investors patiently await a clear breakout signal. Impatience can be a trader's enemy in such situations. The Path Forward As SUI navigates this critical juncture, patience and careful analysis are key. While the potential for further gains is undeniable, the risk of a reversal cannot be ignored. Traders must weigh the potential rewards against the risks and make informed decisions. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Phemex Analysis #26: BTC _ The Calm before the Storm!PHEMEX:BTCUSDT.P , the digital gold, has been caught in a gripping tale of two ranges. For an extended period, it has danced between the $50,000 and $72,000 mark, a dance that has become almost predictable. Yet, beneath this seemingly mundane rhythm, a storm brews. The recent plunge to $48,813 on August 5th was a momentary break from this dance. However, the market's swift recovery and return to the familiar range hinted at a deeper underlying tension. This tension reached a crescendo with the September 9th drop and the subsequent rise on September 27th. The range narrowed, a tightening grip that suggested a brewing storm. A Little Advice for the Market This consolidation, this calm before the storm, is a double-edged sword. For trend traders and breakout traders, it can be a treacherous landscape. The range's boundaries often become the graveyard of stop-loss orders. Caution is advised until a clear breakout emerges. On the other hand, range traders have found themselves in a sweet spot. The predictable oscillations between the range's boundaries offer lucrative opportunities. It's a feast for those who can time the market's rhythm. For those who prefer a more passive approach, strategies like Phemex Neutral Grid Bots can be employed to profit from the market's volatility within the range. However, it's essential to set stop-loss orders to protect against unexpected breakouts. If you're a long-term believer in Bitcoin's potential, this consolidation might be the perfect time to gradually accumulate more coins or use Long Grid Bots to enter the market incrementally and profit from every price movement. Conclusion The Bitcoin market is a complex tapestry, woven with threads of opportunity and risk. As we await the resolution of this range-bound drama, it's crucial to stay informed, adapt our strategies, and, most importantly, remain patient. The storm may be brewing, but the outcome remains uncertain. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
TOTAL Market Struggles at $2.13T Resistance: Key Levels to WatchMarket Update: Over the past week, the TOTAL market capitalization has attempted to break through a tough resistance level at $2.13 trillion. A rejection at this level may lead to a pullback, testing the next support level around $2 trillion. Potential Scenarios: Should the TOTAL market successfully break above $2.13 trillion, it could rise to challenge the descending resistance line formed since June, as well as the top of the range resistance at approximately $2.3 trillion. Given that the TOTAL market is currently at resistance, it is essential to manage risk carefully, as a rejection at this level could result in further downside for many altcoins. #CryptoMarket #TOTALMarket #ResistanceLevels #Altcoins #MarketAnalysis
CRYPTOCAP:TOTAL
by Richtv_official
SasanSeifi|Will $1800 Be Ethereum's Next Support Level?Hey there, ✌ Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level. In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement. Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200 This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Short
by SasanSeifi
DOGEUSD Are you people ready??We have recently viewed Dogecoin's (DOGEUSD) Cycles and mentioned why we expect it to start rising parabolically soon. What we haven't done but it's what we bring you today is those Cycles compared to the Cycles of the flagship of the crypto world, Bitcoin (BTCUSD). We will keep it simple, because that's what the chart is, no need to complicate what's obvious with added terms and info. As you can see, every time Bitcoin broke above its All Time High (ATH), Dogecoin was on a medium-term correction (though well within its Bull Cycle) under Lower Highs and marginally above the 0.236 Fibonacci retracement level. Once Bitcoin broke out, Doge did also only though much more aggressively and within a few weeks it reached its previous ATH. Needless to say, it didn't stop there but went on to peak much higher. Once more, the market finds itself in the exact same position as before in history. Are you ready?? ------------------------------------------------------------------------------- ** 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:DOGEUSDLong
by TradingShot
9
ETHUSD Last call before $4600Ethereum has crossed above July's Falling Resistance and has started a new bullish phase. A crossing above the 0.5 Fibonacci level, confirms the bullish extension. This is the pattern that was followed last October (2023) right when the mega rally started. Trading Plan: 1. Buy if the 0.5 Fib breaks. Targets: 1. 4600 (the 1.5 Fibonacci level, in line with the Dec 7th 2023 High). Tips: 1. The RSI (1d) has already been on a Bullish Divergence since the August 5th low. Similar pattern with the August 18th 2023 bottom. Perfect time and price symmetry. Please like, follow and comment!!
CRYPTO:ETHUSDLong
by TradingBrokersView
FTM Long Spot Position (200-day EMA Flip)Market Context: FTM is attempting to hold the $0.50 buy zone as a higher low while flipping the 200-day EMA from resistance into support, creating a promising setup for an upward move with a strong risk-to-reward ratio. Trade Setup: Entry: Around the $0.50 zone. Take Profit: First target: $0.82 Second target: $1.10 Third target: $1.66 Stop Loss: Daily close below $0.36. This trade aims to capitalize on the higher low and potential EMA flip for the next leg up. #FTM #EMA
FLong
by Richtv_official
SasanSeifi| Will It Rebound or Drop Further?Hey there, ✌In the weekly timeframe, as you can see, Atom's price has been in a downtrend from the $8.50 range and has now corrected to the crucial weekly support level at $4. Currently, the price is trading around $4. In the long-term timeframe, maintaining the $4 level is crucial. The price has reacted to this important support, and if it consolidates here with confirmation on lower timeframes, we could expect a potential rebound with positive fluctuations toward the $5 and $6.50 levels. If positive momentum develops, we should watch how the price reacts to the $6.50 level. To continue the bullish trend and reach the target supply zone of $7 to $8, breaking the $6.50 level is necessary. On the other hand, if the $4 level breaks and the price stabilizes below it, the likelihood of further correction increases, with potential downside targets of $3.20 to $2.30. 🔶The chart is in logarithmic scale. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
BTC Daily ReviewBTC wicked into daily fair value gap and got rejected there. Now that bullish move is done and failed, next should be bearish response. Nearest liquidity pool is under 61600 and support starts under 61000. Developing Year VWAP 59630 is the border between early bounce and deeper and bloodier correction, where potential target moves to September buy tail EQ around 56k. Reminder that overall chart structure is bullish and will stay that way until BTC cross below 52511. All the dips above that value will form higher low. Higher high at 66450 - only after BTC grow above that value the lower move potential will move up as well. www.tradingview.com Nearest liquidity pools: above - 63115 / 64786 / 65412 / 66120 below - 61600 / 61237 / 60652 / 59961 Lines on the chart: 🔸64601 - July close 🔸63309 - September close 🔸62766 - June close 🔸58942 - August close 🔸57446 - day swing fractal 🔸56000 - September buy tail EQ
by WiseAnalyze
BITCOIN fractal alert! Happening exactly like last October!We talked a while ago regarding the 'October effect' (August 28, see chart below) on Bitcoin (BTCUSD). But today we need to make an urgent analysis as it appears that the market is repeating almost the exact sequence of a year ago (October 2023). The similarities are more obvious on the 1D time-frame where the price is currently ranged within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The most recent time it traded like this was exactly one year ago, back in the first two weeks of October 2023. As you can see, during that time BTC also made a marginal break above the 1D MA200 before quickly pulling back below it. After it tested and held the 1D MA50 (as it did no on October 01 2024), is started the long-term aggressive rally of the Channel Up that peaked on March 14 2024. As long as the 1W MA50 continues to hold as the long-term Support, there are high probabilities of seeing 100k, even before the end of 2024. But what do you think? Do you see realistic the scenario of repeating the post October 2023 rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
16
SasanSeifi|Will the 0.30 Cent Level Hold?Hey there, ✌ BINANCE:ADAUSDT In the daily timeframe, as observed, the price followed a downward trend from the 0.80 cent range, extending the correction down to 0.30 cents. Afterward, the price entered a consolidation phase within the 0.30 cent range, which has since been maintained. Currently, we’re seeing a breakout of the long-term descending trend line, and the price is trading around the 0.35 cent level. The scenario we can consider in the daily timeframe is that, given the preservation of the demand zone and after accumulating liquidity, the price could see an upward movement towards the target of 0.39 cents and the supply zone in the 0.42 cent range. To confirm further upward movement, we need to observe the price’s reaction to these zones. (For a continuation of the uptrend and reaching the 0.50 cent target, the supply zone needs to be broken, with the price stabilizing above it.) On the other hand, if the price falls below the 0.30 cent range after a consolidation phase and stabilizes, the probability of further correction increases. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
SasanSeifi| Will DOT Break Out Above $4.50?Hey there, ✌ By analysing the daily chart of BINANCE:DOTUSDT , we can see that the price has been in a downward trend for some time and is currently trading in a range around $4. The current key support level is at $4. One scenario to consider in the daily timeframe is that if the price breaks the downtrend and stabilizes above $4.50, it could reach short-term targets around $5, as well as targets in the range of $5.80 and the supply zone at $6. To better understand the future price movements, it’s essential to observe how the price reacts to these levels. (For a continued bullish trend in the long term, breaking the significant supply area at $6 and stabilizing above it is crucial.) Conversely, if the price breaks below the $4 level and stabilizes after a range-bound period, the likelihood of further price corrections may increase. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
WIFUSD is breaking above its 6-month Channel Down and targets 75Dogwifhat (WIFUSD) closed last week above the 1D MA200 (orange trend-line) for the first time since the week of July 22 and hit the top of its 6-month Channel Down. On the long-term cyclical outlook, this Channel Down can technically turn out to be nothing but a Bull Flag in the continuation scale of the Bull Cycle. If this week's 1W candle manages to close above the Channel Down/ Bull Flag, we expect at least another +6842% rise, similar to its first one, and target $75.000. The 1W RSI and MACD both support this bullish scenario as the first already broke above its MA line on September 16, while the 1W MACD just completed a Bullish Cross, its first ever. ------------------------------------------------------------------------------- ** 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:WIFUSDLong
by TradingShot
Cleaned out the longs. Now, it's time to clean out the shorts.Traders, You guys know my target during this uptrend has been 68k BTC which is the top of our channel and that large order block with mostly sell orders. This last sudden dip cleaned out quite a few longs. Now, it is time to go after those shorts. You will start to see a lot of shorts liquidated around 68k (the top of our channel). This will only add fuel to the bullish fire. I think we'll go right through that liquidity order block and clean out all remaining shorts. Supply is low on centralized exchanges so, expect big movement to come! A couple of things to watch before we get there though. First, we have to beat our 200 DMA. This is absolutely critical! If bulls can't handle this then it's game over for the time being and I think we'll drop all the way to 48k. Secondly, we have to beat the top of our channel. That currently sits at around 68k. If we beat those two major resistance points, it's game on. Shorts will be in serious trouble. Stew
INDEX:BTCUSDLong
by stewdamus