ZEC LONG PlanZEC HTF Analysis
Swing Long Trade, Spot Buy
Weekly Liquidity Sweep: External - Bottom
Daily Swing High Liquidity Sweep: Internal - Top
We can take a long entry on retracement in the Displacement + Discount zone (fib OTE level). For reference, entry, SL, DCA, and TP levels are marked on the chart.
#DoYourOwnResearch
Cryptocurrencysignals
Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot which acts as a pullback support and could bounce from this level to the 1st resistance which has been identified as a pullback resistance.
Pivot: 62,448.15
1st Support: 60,991.38
1st Resistance: 65,758.98
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN above the 1D MA50 after 1 month!Bitcoin (BTCUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time after 1 month (since June 18). It even closed the 1D candle above it, showcasing enormous buying pressure on the short-term.
That is within the 4-month Channel Down pattern, whose 3rd Bullish Leg started after bottoming (Lower Low) on July 05. The 1st Bullish Leg was +24.30%, the second was +27.30% (3% higher), so assuming this is a progression, we can expect the current Bullish Leg to be +30.30%.
We are aiming for $69500, slightly below the +30.30% mark. We will have a long-term bullish confirmation once BTC breaks above March's Resistance Zone.
Do you think it will? Feel free to let us know in the comments section below!
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VETUSDTAs shown in the picture, the V-Chain factor was in a very deep correction from March 2021 to today. June 26, 2024, and then the price took off from the 0.012 levels with five very clear impulse waves. To the 0.05 levels and then. Then it made a correct triple ABC, as shown in the picture. And the fourth wave test returned, which forms a very strong support. With this currency? In light of this data, we entered the purchase of this currency from 0.02 by targeting the previous peak at 0.05, and by breaking it, the targets may extend to 0.09. From there, we may target 0.11 cents for this currency. Good luck to everyone, and if you have any questions, do not forget to leave them in the comments.
Bearish reversal?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse from this level to the overlap support.
Pivot: 3,277.65
1st Support: 3,064.76
1st Resistance: 3,357.92
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN A 'game' of angles...This isn't the first time we post this chart on Bitcoin (BTCUSD) and the relevance that its Cyclical Angles have but it is an added step with its RSI and phases.
We are on the 1W time-frame where as you can see every Cycle has been so far approximately 10 degrees (°) less than the previous one from top to bottom. The 1st Cycle (2012 - 2013) was 54°, the 2nd (2015 - 2017) was 42° and the 3rd (2019 - 2021) was 30°. Based on this progressive sequence, we can expect the current one to top at around 20° from the bottom.
Even though the price is on a declining angle rate, the 1W RSI is remarkably stable. As you can see, every Bull Cycle is around 25°, so there is no reason to expect the current one to diverge from this. This way when the RSI tops, we will now when to sell and sit back with the profits until the next Bear Cycle bottom.
On top of all the above, we see that according to the Bull Cycle phases classification, Bitcoin is still within its Accumulation Phase (blue Rectangle), so we haven't yet seen its most aggressive part, the Take-off Phase (orange).
But what do you think? Are we about to see that parabolic rally of the Take-off Phase and if so, is this 'Angle' analysis accurate at predicting when to take profit? Feel free to let us know in the comments section below!
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Bearish drop?Bitcoin (BTC/USD) has reacted off the pivot which has been identified as an overlap resistance and could fall to the pullback support.
Pivot: 59,322.72
1st Support: 54,314.81
1st Resistance: 61,694.13
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
STXUSD Bottomed is in. Expect $10.00 by early 2025.Stacks (STXUSD) has been trading within a long-term Channel Up pattern since the December 30 2022 Low and is currently on the 2nd Bearish Leg of this pattern. Being below the 1D MA50 (blue trend-line), it is approaching the Channel's bottom.
The previous Bearish Leg formed the Higher Low sideways, so it is possible to replicate this structure and confirmed the new Bullish Leg after it broke above the 1D MA100 (green trend-line). Note that STX priced its Higher Low on the first decline after the formation of a 1D Death Cross and we are currently past that on the new Bearish Leg.
As a result, with the 1D MACD also printing the same bottom sequence as the previous Leg, we turn bullish again, targeting 10.00, which just below the 2.0 Fibonacci extension (similar to the previous Bullish Leg) exactly at the top of the Channel Up.
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Could ETH/USD bounce from here?Price is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
pivot: 3,065.70
1st Support: 2,877.70
1st Resistance: 3,273.35
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN The 4 year Cycle of June - September..Bitcoin (BTCUSD) revisited last week more than 4-month lows and the market is again in anxiety. Righfully so but a quick look on the 4-year Cycles and what BTC has down throughout the June - September period, puts every thing again back into context.
As you can see those Jun - Sep periods of 2020, 2016 and 2012 have mostly been bullish with one correction under their belt on all three of them. More specifically, July has initiated rallies on all occasions but only 2016 saw a stronger correction and Lower Low after it.
On the current Jun - Sep period (2024), we've already made a Lower Low relative to May 01, so it is less likely to see a new one but of course it is possible. In any event, the 1W MA50 (red trend-line) should technically support. As a result, the current levels for Bitcoin seem cyclically to be low risk buy entries especially on a DCA approach.
But what do you think? Will BTC make another Lower Low and replicate 2016? Feel free to let us know in the comments section below!
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ETC/USD Main trend. Fractal cyclic structureLogarithm. Time frame 1 week. The main trend.
Duplicated on the exchange OKX, a little added to understand the logic and accuracy, as on the exchange poloniex, there is no liquidity. If something happens to have an idea on a more liquid exchange. As this cryptocurrency is interesting.
Major trend. Channel. Publication 01 2023
Linear Now in Moment.
Local now at the moment.
Locally. Let me remind you that from the main zone of the cryptocurrency set (horizontal channel) the average price is now exactly +84%. Compared to other assets, during the transition from the accumulation phase to the participation phase (Dow), the price did not increase very much compared to other cryptocurrencies. That is, a conditionally lagging asset.
A triangle is forming . In a localized rising set trend. From this zone, about 40-50% left to the rounded bottom resistance zone (final accumulation phase).
Then it will be business as usual, on stocks or liquid cryptocurrencies. Breakout of resistance, perhaps not immediately, but that's not the point. After breakout, consolidation, then re test and news negative/positive. Confirmation, and the beginning of strong, conditionally irrevocable impulsive movements into the zone of “news perspective of this blockchain”.
This is when ETH will be above or near $10,000. This will be its first consolidation — a partial reset before being pulled into the final reset (distribution) price zone. In this consolidation, not up to the maximum prices, the progenitor of expensive ether, that is, ETC, as before, will surprise everyone with an aggressive news background. With a high degree of probability, all speculative games, as in the last cycle during pumping, will be “slightly wavy”. Don't forget to sell and don't be greedy...
For those who are not traders at all. So which of the hamsters has iron balls, throw in a couple of hundred dollars and forget it, conditional retention without trading for 9, 13 and 19 months. Sold in 3 parts (optional). But, if you don't sell, you will get scared between these market pumping “time zones” and sell everything during the “fear”. If there is profit in advance, then it “warms the soul” and the feeling of lost profits will not play a cruel joke.
Money management. Leave a third of the invested money in dollars, for additional purchases, in case there is a spill in the market (only 1 significant, sharp, unexpected). Ignore everything else, there will be enough coins to earn money. If the dollars are not spent and the price flies away, do not buy crypto candy wrappers, but buy a gift for your loved ones.
I am sure that many hamsters , when a trend allows absolutely everyone to make money, will imagine that they are real traders and decide to increase the number of coins. I am 99.9% sure that on futures (your psychology is known in advance) if you take inadequate risks, you will lose all coins up to half the maximum price.
⚠️ Adequately evaluate your skills and behavior . Therefore, for some people who are relatively poor but want to become rich, very quickly, it is better not to trade or even be interested in the market until the market is in the distribution cycle, that is, the highs (late 2024 and 2025). Otherwise, each local peak (as always) in a growing trend will be perceived as the end, and when the end comes, on the contrary, as not yet a maximum.
BITCOIN vs VIX. This is why it will rally!We usually consult the Volatility Index (VIX) when attempting to project movements on stock indices. But as recent price actions reveals, it can work equally well on predicting the trend on Bitcoin (BTCUSD).
Take BTC's Channel Up for example on the 1W time-frame. VIX (black trend-line) has started a consolidation phase (green ellipse) following a strong decline in mid-April to mid-May. Since the November 2022 market bottom, VIX posts this consolidation pattern before it typically rallies.
That is technically not just some rally but the Bullish Leg of this long-term Channel Up formation. As a result, with VIX consolidating, it could only be a matter of time before Bitcoin starts the new rally to new All Time Highs.
What do you think? Feel free to let us know in the comments section below!
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BITCOIN Is this the pattern that will save the day?Bitcoin (BTCUSD) is experiencing yet another brutal sell-off today that is bringing it even closer to the 1W MA50 (red trend-line). As mentioned on previous analyses, the 1W MA50 is BTC's ultimate Support trend-line throughout a Bull Cycle and you can clearly see that on the right chart.
During all its Bull Cycles, the 1W MA50 has supported the Parabolic Rally, until it decisively broke and confirmed the new Bear Cycle. It is therefore a standard go-to signal for long-term investors.
On the 1D time-frame (chart on the left), there is an underlying Channel Up that supported the last major medium-term pull-back on September 11 and October 11 2023. We are only a few clicks from testing this Channel's bottom, which is still around $5000 above where the 1W MA50 is right now.
As mentioned previously, chances are that BTC turns sideways and approaches the 1W MA50 while it consolidates sideways and forms a bottom. Notice how the Megaphone pattern that started on the March 14 2024 High, would be ideal for materializing this scenario. Even a marginal break of the 1W MA50 doesn't constitute a long-term bearish reversal, as long as the 1W candle still closes above it (like on June 21 2021).
So while we do have our natural Cyclical Support level, do you also think that this Channel Up will save the day for BTC and stop further bleeding and the possibility of an early Bear Cycle? Feel free to let us know in the comments section below!
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Potential bullish rise?Bitcoin (BTC/USD) has just bounced off the pivot which acts as a pullback support and could rise to the pullback resistance.
Pivot: 56,784.43
1st Support: 55,042.77
1st Resistance: 59,832.32
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
PEPEUSD Will start forming a bottom. Be ready to buy.Pepe (PEPEUSD) is showing signs of proper structured price action as the prevailing pattern emerges as a Channel Up. Having broken today below the 1D MA100 (green trend-line) for the first time since February 24 2024, we anticipate that the new bottom (Higher Low) of the Channel Up will start getting formed.
Both Bearish Legs of the pattern where through Channel Down patterns (dotted) and the Bullish Legs that followed (dashed), were Channel Up patterns. A break above the 1D MA50 (blue trend-line) again, should confirm the start of the new Bullish Leg.
The 1D RSI though is already giving an early signal and on the next rebound, if we see successive 1D candles trading sideways, we will have an early buy opportunity. The ultimate Support level is of course the 1D MA200 (orange trend-line).
The previous Higher High was formed just below the 2.0 Fibonacci extension from the Low. As a result, our Target is now 0.00002500 (just below Fib 2.0).
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HAPPY JULY 4th with BITCOIN hitting the 1D MA200 after 9 months!Happy July 4th everyone! A little break from the traditional stock markets but not for crypto. Bitcoin (BTCUSD) in particular, just hit and broke below its 1D MA200 (orange trend-line) for the first time in almost 9 months (October 16 2023)!
Naturally this is a very strong long-term Support level and it is even more obvious on this 1D chart, where BTC's current consolidation is similar to the one from mid- April 2023 to mid-July 2023 (blue Rectangle).
With the long-term pattern being a Fibonacci Channel Up and the 1D MACD forming a sequence similar to the bottom formation that started on August 27 2023, Bitcoin is most likely entering the long-term Support Zone.
The ultimate Support level is the 1W MA50 (red trend-line) but we expect to come close to that not straight away vertically but in the next month while the price might trade sideways in similar fashion to September 2023.
In any case, since the November 2022 market bottom, this kind of distance from the 1D MA50 (blue trend-line), has been the most optimal buy entry and including the current one, we've only had 4 such opportunities.
But what do you think? Is this the right opportunity to buy heavily again on Bitcoin? Feel free to let us know in the comments section below!
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Bullish rise?Bitcoin (BTC/USD) has reacted off the pivot and could potentially rise to the overlap resistance which aligns with the 61.8% Fibonacci retracement.
Pivot: 59,227.02
1st Support: 58,400.61
1st Resistance: 61,951.95
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CFXUSD Buy after it breaks above the 1D MA100.It's been too long since we last analyzed Conflux (CFXUSD) and on that analysis (January 26, see chart below) we got a clear bullish break-out signal that easily hit our 0.4000 Target:
The price has since entered a brutal sell-off below the 1D MA50 (blue trend-line) and the pattern that stands out the most is a Channel Up. The decline hasn't yet reached the bottom of that pattern, but it is getting close. Last time it completed approximately a -80% decline.
The signal to buy was given when the 1D RSI made a Triple Bottom below the 30.00 oversold barrier and was confirmed when the price broke above the 1D MA100 (green trend-line). We are waiting for that signal to buy and target 0.55000 (just below the Resistance and previous Higher High of the Channel Up).
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