BITCOIN 1st green week after 4 red! Have we finally bottomed??Bitcoin (BTCUSD) closed the first green 1W candle following a streak of 4 red ones, so it has been the first week in almost 1 month. That alone is a strong bullish sign, especially on the very aggressive Channel Up on the 1W time-frame (chart on the left).
As you can see, every consolidation that is formed after a Higher High (red Rectangle) ends and transcends to the new Bullish Leg (green) when then first 1W candle is formed (circles). The previous (2) Higher Highs have been priced around the 2.786 Fibonacci extension, so the Channel's top and the Fib extension give us a projected Target Zone of $100k - $120k by the start of August.
Even on the lower 1D time-frame (chart on the right), we have the strongest possible bullish break-out confirmation as after BTC held the 1W MA20 (red trend-line) and rebounded, its 1D RSI broke above its Lower Highs trend-line and the following day the price itself broke above its own Lower Highs. This creates the probability for an Inverse Head and Shoulders pattern (IH&S), which technically targets the 2.0 Fibonacci extension level ($78000). The only confirmation left to make is to close above the 1D MA50 (blue trend-line), which provided the last strong rejection on April 23.
So what do you think? Is this the start of a new strong rally for Bitcoin and if yes what target are you pursuing yourself? Feel free to let us know in the comments section below!
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Cryptocurrencysignals
Kusama (KSM) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Kusama (KSM) coin with US Dollar pair.
Our last successful trade of KSM was the below one and it was almost 20% pump:
Now on 2-hr time frame, KSM has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ETHERUEM → ETH is ready for an upwardhello everyone...
as you can see the coin hunted from both sides in this situation I am with the first hunted area so I am into the bullish trend for this coin.
on the other hand, the price touched the bottom line of the channel and is starting an upward movement from there and rejected the breaking idea.
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✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
ALT SEASON can start as early as next week and this is why.We frequently look at the altcoin market and very often look for clues on its dominance and market cap. A historic comparison of alts with Bitcoin's (BTCUSD) Cycles shows that alts bottom after Bitcoin, a lag which is natural considering that BTC is the market leader. Similarly it is possible for alts to rally when Bitcoin is correcting or consolidating.
Using Bitcoin's Halvings as a measure to separate pre and post-Halving phases, we can see that in the past two Cycles, alts have made a dump within the green zone following Bitcoin's Halving.
On this Cycle however, we see that very same dump having started since late December 2023, while Bitcoin rallied aggressively, which is in our opinion attributed to the ETF anticipation and then launch in January 2024. It is therefore very probable that this was the alt market's 'post-Halving dump'.
In any case, Alts have reached the bottom of their usual Bullish Megaphone that is historically formed when they bottom. It is therefore very probable to see the new Alt Season, which is when alts rally parabolically and naturally more aggressively than Bitcoin, starting as early as next week.
What do you think?
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BITCOIN testing the 1W MA20, most consistent Bull Cycle Support!Bitcoin (BTCUSD) dropped on the Fed Rate Decision day near the 1W MA20 (green trend-line), the closest it has been to it since the week of October 16 2023 when it broke above it. This level is of considerable important for BTC as it is probably the most consistent Support historically during Bull Cycles.
On this 1W time-frame analysis, you can see why that is. In the past 3 Cycles, this level broke and had 1W candles closing below it only 3 times. None during the 2015 - 2017 run, twice during 2019 - 2021 (one for correcting the Libra euphoria and the other the COVID flash crash) and one during the current 2023 - 2024 run (August - October).
As a result, this is technically the strongest Support that Bitcoin can meet before the ultimate 1W MA50 that is only closed below when the Bear Cycle starts. On top of the above, you can see the 1W CCI testing the top of its Bull Cycle Support Zone (green circle), resembling the tests of September 07 2020 and March 20 2017, both being the most optimal buy entries before the Parabolic Rallies begun.
But what do you think? Will Bitcoin rebound on this critical 1W MA20 Support or close below it for the 4th time in 11 years?? Feel free to let us know in the comments section below!
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Floki Performed bullish symmetrical triangle in 1D
`To trade a bullish symmetrical triangle, observe a consolidation pattern formed by converging trendlines with higher lows and lower highs. Wait for a breakout above the upper trendline accompanied by increased volume, signaling potential upward momentum. Enter a long position after the breakout, aiming for a price target approximately equal to the height of the triangle pattern. Use stop-loss orders to manage risk in case of a false breakout.`
BITCOIN Bottom of the 6-month Megaphone. Will it hold?Bitcoin (BTCUSD) almost tested the Higher Lows trend-line that started on the October 12 2023 Low, which is technically the bottom of the 6-month Bullish Megaphone pattern. Having a notable Resistance on the 1D MA50 (red trend-line), which is where BTC last failed to make its bullish break-out, if this level holds, then we can expect a strong Bullish Leg such as those of February - March 2024 and October - December 2023 (blue ellipses).
As you can see, each Higher High on the Megaphone pattern has been proportionally higher, the first hit the 2.0 Fibonacci extension, the second hit the 2.618 Fibonacci extension, which is natural for Megaphones. As a result, if the pattern continues, reaching the all important psychological target of $100000 seems more than plausible as it sits just above the 2.0 Fib extension, where based on the pattern it can even reach the 3.0 Fib (127k).
But what do you think? Will the Megaphone's bottom hold and push BTC to 100k? Feel free to let us know in the comments section below!
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ATOM/USDT Local trend. Pivot zone.Logarithm. Time frame 1 day. Pivot zone.
A triangle was formed under the descending trend.
🟢 Its breakthrough — reversal and price growth.
🔴 No breakout and downward breakout of the triangle — realization of expected targets of the descending pennant. Stop losses are now very short.
On a larger scale on the linear looks like this.
Pair to bitcoin. Very important. Highly liquid HYIP alts market as a whole.
Published on 10 08 2022 see the idea, description + click play on the chart, this is a closed idea previously.
ATOM/BTC Major trend. Asynchrony. The big secret.
BITCOIN Sellers seem fully confident again. TIME TO BUY?Bitcoin (BTCUSD) hit and broke yesterday below the 1D MA100 (red trend-line) for the first time in more than 3 months (since January 23 2024). This is progressively turning the majority of news and traders across the market bearish and in full confidence of shorting to even lower prices. Should long-term investors panic?
The answer appears to be 'No' and in fact if anything, this is the time to add more quarterly buy positions. The reason is shown on this 1W chart. Compared to the 2014/ 2017 Cycle, Bitcoin has formed the exact Bull Flag that is currently in 5 times until its eventual top. Each time the Flag bottomed after breaking the 1D MA100 but never touched the 1W MA50 (blue trend-line) until the end of the Bull Cycle. Of course the (green) Ichimoku Cloud also supported below all the way to the top.
It is interesting to also notice the 1W RSI sequence between the two Cycles. Both started with a Channel Up, which in the case of 2014/ 2017 it evolved into a Rectangle for the 2nd part of the Bull Cycle, with the price ranging from ovebrought (85.00 - 90.00) to borderline neutral (55.00). Currently the RSI is attempting to breach the Channel Up, thus flashing resemblances with the March 13-20 2017.
But what do you think? Is this the time to buy BTC again on a Bull Cycle basis or the narrative will be broken and it will test the 1W MA50? Feel free to let us know in the comments section below!
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BITCOIN First red month after 7 straight green. How bad is it?Bitcoin (BTCUSD) is about to close today (unless the 1M candle closing is above 71500) the first red month after 7 green monthly candles in a row. The last month of losses was last August (2023) and since then we've experienced an unprecedented rally, fueled primarily by the ETF anticipation and then its confirmation. So is this alarming?
Actually not. Sole 1 month red candles is quite common for BTC during its Bull Cycles and as we see on this chart, historically it tends to display mostly single 1M red candles and in some cases 2 straight red. Only once we've had 3 straight red months during a Bull Cycle and that was on September 2019 but it was when Bitcoin was correcting the abnormal very early rise following the Libra euphoria.
More specifically, when Bitcoin got past each Cycle's Halving, which is the position chronologically we're currently at, it has displayed single red candles 5 times and double 2 times. It is easy to understand that these short monthly corrections are a necessary part to Bitcoin's Bull Cycle especially as we get closer to the final and more aggressive part of the Cycle, which is the parabolic rally.
It is more likely that we will experience a green June and if anything a streak of green monthly candles to follow. If June is red too, we should then experience at least 4 straight green months as it happened on December 2016. In any case it appears that buying now on this red monthly closing is as good of a level as any as BTC prepares for the final parabolic rally of the Cycle.
As a sidenote, have a look at the 1M RSI, which after getting highly overbought on March (above 77.00), dived now back below the 70.00 barrier. This pull-back has more in common with RSI pull-backs like September 2020, March 2017, October 2012, than any other red 1M sequences. This confirms that the parabolic rally is just around the corner.
But what do you think? Are you expecting April to be the last red month in a while? Feel free to let us know in the comments section below!
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BITCOIN Bollinger Squeeze attracting Bulls for 100k and above!Bitcoin (BTCUSD) is about to test the bottom of the Bollinger Bands (BB) on the 3D time-frame for the first time in 3 months (since January 25). Right now the squeeze between the BB basis (blue line) and the bottom (green line) is extremely tight and since the start of 2023 this has been fairly accurate bottom call.
The trend since the November 2022 bottom has been parabolic (green parabola) and thus is most efficiently displayed by the use of the Fibonacci Channel extension levels. After breaking above the 1.0 Fib on the February 12 2024 candle, the recent All Time High (ATH) in mid March 2024 broke even above the 1.5 Fib. Technically on the new Bullish Leg that is about to start after the current squeeze attracts as many buyers as possible, we should reach at least (most likely even break it) the 2.0 Fib.
$110000 is a very realistic target under these conditions and we shouldn't neglect to mention also the BB Width (BBW) consolidating on its bottom, which again is related to high bullish activity and accumulation when performed on the BB green line.
But what do you think? Is this squeeze about to make bulls accumulate and break aggressively to the upside? Feel free to let us know in the comments section below!
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Moonbeam (GLMR) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Moonbeam (GLMR) with US Dollar pair.
Recently we caught more than 47% pump of GLMR as below:
Now on 1-hr time frame, GLMR with has formed a bullish Cypher move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BTCUSDTBitcoin time frame 1, 4 hours
Bitcoin is moving in a compression and if this support is maintained, it can go up to the specified targets.
With capital management, we can wait to enter a long position if Bitcoin reaches our entry point.
If the 62,000 support is lost, the 59,000-60,000 range is the next support for Bitcoin.
$BTC performed Falling wedge in 2hr TF ** CRYPTOCAP:BTC performed Falling wedge in 2hr TF ** Keep eye on it
Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow:
1. **Identify the Falling Wedge:**
- Look for a downtrend in the price movement.
- Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support).
- The pattern resembles a wedge pointing downwards.
2. **Confirm the Falling Wedge:**
- Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease.
3. **Wait for Breakout:**
- Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge.
- The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout.
4. **Entry Point:**
- Enter a long (buy) position as soon as the price breaks above the upper trendline.
- Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts.
5. **Stop-Loss Placement:**
- Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge.
Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
PUNDIX/USDT Main trend. Channel. Triangle. 21 10 2023Major trend. This idea is a continuation of a closed idea on this pampa coin published 1.5 years ago before a series of significant pumping (in a bear market) in the process of forming a channel with a wide range.
PUNDIX/USDT Major trend. Downtrend channel. Pivot zone
The main trend is a descending channel. Now the volatility is narrowing under the descending trend line, and a descending triangle is forming. The reversal zone. The denouement in the near future.
The descending triangle itself is a bearish formation, but at the moment it has formed at -91% of the price highs (liquid high zone, not listing) and under the descending trend channel. This is a positive sign. It is important to hold the "level" of 0.3181.
It is worth noting that due to low liquidity, all price movements have a huge percentage. Stops on such coins due to price slippage (low liquidity) are useless, even with a large step (irrational). It is preferable to work from the average set/reset price with a pre-allocated position according to your risk management. The exception is protecting profits or entering a trade with stop loss after they are knocked out (very hard to catch in time).
1) Breaking a downtrend under a pamp alts - trend reversal. Significant Pump.
2) Breakdown of descending triangle support - dump, descending triangle targets.
Line chart.
Locally given large triangle in its final phase of formation.
ETHUSD Ethereum/USD Heist Plan to make moneyDear Crypto Robbers,
This is our master plan to Heist ETHUSD Market. I have two plans to heist this market please look at the chart I have mentioned in our heist plan whether Bull or Bear. My dear Robbers U can enter at the Neutral area after the confirmation of market condition, There are more opportunities to move up, Our target is Red Zone for Bull Trend and Green zone for Bear Trend Be careful and Be rich. Loot and escape near the target 🎯 Please Look at the plan carefully before enter to loot money.
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ONTOLOGY testing its 1W MA200 for the first time!Ontology (ONTUSD) is testing its 1W MA200 (orange trend-line) for the first time ever following a very impressive rally since the June 05 2023 market bottom. The 1W RSI was on a Higher Lows bullish divergence before the bottom, signalling the reversal to come. THe 1W MA50 (blue trend-line) has turned into Supportsince the October 23 2023 1W candle and no candle since has closed below it.
We are waiting for a 1W candle closing above the 1W MA200 in order to buy the break-out and extend the rally towards the top of the Diverging Channel Down with a 1.74500 Target. That would be a +1280% symmetrical rise from the 2023 bottom similar to the May 03 2021 peak.
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