SOLUSD You were warned about it. 1st ever 1W Golden Cross formedSolana (SOLUSD) broke above its former Channel Up as we explained on our last bullish call (December 08 2023, see chart below) and hit last week our 144.000 Target:
Right now it is best to take a step back and view SOL's price action on the 1W time-frame, where the clear long-term trend is revealed, and that's bullish within a Channel Up pattern. The Fibonacci Channel levels reveal that it is still in its early stages within the 0.236 - 0.382 Fibonacci range.
On top of that, it just formed its first ever 1W Golden Cross! This is an incredibly bullish pattern and we expect the whole bull run to peak at atleast +5150% from the market bottom just as the November 2021 Top did. As a result, our Target is $4000.
Note that every pull-back inside the 1W CCI green zone, is a long-term buy opportunity.
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Cryptocurrencysignals
BONKUSD broke out and is targeting 0.00045BONK (BONKUSD) broke above its December 15 2023 High and as it has turned the 1D MA50 (blue trend-line) into Support following the Falling Wedge break-out, it is now aiming for a new High. Based on the 1D RSI price action, we might be at a post accumulation rally as in early November. That rally peaked marginally below the 3.0 Fibonacci extension from the start of the previous Falling Wedge. The new 3.0 Fib extension is at 0.00045 and that is our target.
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STARKNET Ascending Triumph: The Bullish Case for STRK/USDTThe BINANCE:STRKUSDT pair as it displays a symphony of technical indicators aligning for a potential bullish breakout. This analysis unpacks the vibrant tapestry of patterns and signals that converge to form a compelling case for a long trade entry.
Now Let's dive into the reasons why to Consider this Long Trade:
Ascending Triangle Formation: The price has been forming higher lows, indicative of an ascending triangle pattern, a traditional bullish continuation signal, suggesting upward momentum.
Consolidation Above Support: The consolidation above the key support level (marked with the lower horizontal line) hints at accumulation and a strong buyer presence.
Moving Averages Alignment: The price is trending above both the 50-period and 200-period moving averages, a sign of a strong bullish trend.
Breakout Potential: The technical setup is accompanied by a bullish arrow indicating a potential for breakout above the triangle’s upper boundary that we might seen in the next few hours or next few days. After the breakout the upward trend will be big.
Measured Move: The projected target for the trade is illustrated by the vertical line opposite the triangle's base, transferred to the breakout point, implying a significant potential upside.
Risk Management Zone: The red shaded area indicates a possible zone for setting stop losses, ensuring a calculated risk approach. As you all know, i only go for a 200% TPR here without geeding or risking too much. This way we keep it safe and clean.
Market Sentiment: General market sentiment around STRK/USDT may be bullish based on the setup, which can encourage additional buying pressure, especially after the recent bullish tweets that we are seeing from bgi twitter influencers.
Remember, while this analysis presents an optimistic scenario for a long position in STRK/USDT, it is crucial to conduct your due diligence and consider any potential market changes or news that could impact the trade. Trading involves risk, and it is important to trade with capital that you are prepared to lose. Always use proper risk management techniques and consider the size of your position relative to your overall portfolio.
Good Luck
BITCOIN The ETF multiyear rally has only just begun(Gold's case)With Bitcoin's (BTCUSD) continuous bullish run, day after day, running basically the 7th straight green month, we thought it may be a good time to put things into a greater perspective from a macro point of view, as many seem confused over this hyper aggressive bullish sentiment.
The reason is one and one alone and has a very short name: E T F
Yes, everyone that is following the market knows that on January 11 2024, the first Bitcoin ETF was launched on the U.S. market and after a quick dip, the price has been rising every since. Other macro factors are playing their role, such as the AI technological innovation, the upcoming Halving, the anticipation of Fed rate cuts by June etc. But BTC has never made a new All Time High (ATH) before the Halving before, and this is primarily attributed to the ETFs introduction.
What better case to compare Bitcoin's price action to Gold's following its own ETF launch. That was done on March 28 2003 and the result you can see on the right hand chart. Gold used its 1W MA50 (blue trend-line) as a Support to fuel an 8 year parabolic rally, which only broken during the shock of the 2008 Housing Crisis, but still managed to recover the extend the rally until August 2011.
That peak almost on the 4.0 Fibonacci extension level from the High (January 1996) that preceded Gold's ETF. If Bitcoin follows a similar trend to Gold's (note that Gold's market cap is around $14.530 Trillion, while BTC's is 'only' $1.445 Trillion), it can reach and even surpass emphatically the $1000000 mark (the 4.0 Fib for Bitcoin is at $6 million). Crazy as this may sound (well that's Bitcoin's life story, everything has been 'crazy' at $1, then $10, $100, it was deemed expensive by some even at $1000 and so on), there is no time restriction nor the necessity to reach seemingly extraordinary levels in 8 years or 10. As the market matures, fiat currencies are devalued by more inflation etc, and adoption is accelerated, this may be a process that takes up 15, 20, 30 years. The key, not just for fund managers but also average investors, is to hold Bitcoin in their portfolios just as it has been paying off since 2003 to hold Gold.
Buy what do you think about these two assets and their potential similarities of their post ETF trends? Feel free to let us know in the comments section below!
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SKL/USDT: A Crucial Resistance Test AwaitsAnalysis Overview:
As we step into a decisive phase for SKL/USDT on the weekly timeframe, our attention is drawn to a critical resistance level that's been a formidable barrier in past trading sessions. The digital asset now faces a pivotal moment: a break and hold above this resistance could pave the way for a bullish continuation, but the journey is laden with both opportunities and challenges. Let's dive deep into the technicals that shape our trade plan, incorporating essential price action cues and indicators to navigate the waters ahead.
Key Resistance in Focus:
Our analysis hones in on the crucial resistance zone that SKL/USDT is currently challenging. This level, historically, has acted as a significant pivot point, dictating short to medium-term market directions. A conclusive break above this resistance, accompanied by increased trading volume, could signal the start of a new bullish chapter for SKL/USDT.
Price Action Cues:
Candlestick Patterns: We're closely monitoring the formation of bullish candlestick patterns near the resistance level. Patterns such as a bullish engulfing or a breakaway gap could serve as early indicators of a successful resistance breach.
Trend Analysis: The emergence of higher highs and higher lows following a breakout would confirm a bullish trend reversal. This shift in market structure is paramount for traders aiming to capitalize on early signs of momentum.
Volume Analysis: An uptick in trading volume accompanying the resistance breach would add credence to the breakout's validity, suggesting a strong buyer conviction behind the move.
Technical Indicators to Watch:
RSI (Relative Strength Index): An RSI breakout above 60 could indicate growing bullish momentum, adding further confirmation to our breakout hypothesis.
MACD (Moving Average Convergence Divergence): A bullish MACD crossover, particularly above the zero line, would underscore the strength behind the upward move.
Fibonacci Retracements: Should a breakout occur, Fibonacci levels will serve as key targets and potential reversal points, guiding our profit-taking strategy.
Trading Strategy:
Our trade plan hinges on a clear break and hold above the resistance. Entry points should be considered post-breakout to mitigate the risk of false signals. Stop losses are advised below the breakout level to protect against potential reversals. Profit targets can be established at subsequent Fibonacci extension levels, adjusting for market feedback and momentum indicators.
Risk Management:
Given the volatile nature of cryptocurrency markets, employing a disciplined risk management strategy is essential. This includes setting appropriate stop losses, not over-leveraging positions, and taking profits at predefined levels to preserve capital.
Conclusion:
SKL/USDT is at a crossroads, with its immediate future largely dependent on the outcome at this critical resistance level. While a breakout could open the door to significant gains, traders must navigate with caution, employing a sound technical analysis framework and risk management practices. As always, keep an eye on broader market sentiment and news flow, as external factors can significantly influence price action.
This trade plan aims to blend technical analysis with practical trading strategies, providing crypto traders with insights and a roadmap for navigating the current SKL/USDT setup. Remember, while technical analysis can offer valuable insights, it's important to stay adaptable and responsive to market changes.
Cortex (CTXC) completed a setup for upto 89% rallyHi dear friends, hope you are well, and welcome to the new trade setup of Cortex (CTXC) with US Dollar pair.
Previously we caught almost 25% pump of CTXC as below:
Now on 4-hr time frame, CTXC has formed a bullish BAT 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.
HBAR: The next big winner?Adding another cryptocurrency to our portfolio, Hedera, or HBAR-USD. On the daily chart, following the last low at $0.0357, we've developed waves 1 and 2 and are now in wave 3. This wave is expected to reach between $0.14 and $0.27. The exact placement remains to be seen, but we'll definitely be looking for entries for our wave 4 afterward, planning to hold through wave 5. Given the fast pace of cryptocurrencies, we won't rush into minute or small hourly chart trades for now.
XRPUSD Its aggressive move has started.XRPUSD followed relatively closely our structure last time we gave a long-term call (September 13 2023, see chart below), hitting our 0.56750 Target:
We now zoom out on the 1W time-frame where the pattern becomes more clear. XRP is about to close a 1W candle above the 3rd Channel Up in a row. If it does, we expect a test of the upper Resistance Zone, similar to what happened on the March 27 2023 1W candle.
As a result, our final Target is intact at 0.9300. Notice that the 1W MACD just formed a Bullish Cross, the 4th since August 2022, which is always a buy signal. On top of that, XRP is closer than ever to the first 1W Golden Cross since the week of April 21 2021, the most bullish pattern we can get amidst this new Bull Cycle.
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BITCOIN hit 70k! Can a 60k pull-back deliver 100k in 3 months?Bitcoin (BTCUSD) broke the $70000 psychological barrier today, smashing yet again a benchmark level during this Bull Cycle and on a momentum basis, it does not give any signs of stopping. However based on the 2020 post-COVID crash fractal, which started after the 1D MA50 (blue trend-line) crossed above the 1W MA50 (red trend-line), and that BTC has been following on an almost identical trade for the past 1 year (since March 2020), the price may experience a short-term pull-back at this stage.
If the fractal continues to play out, then a $60000 correction towards the end of the month, may come as a technical necessity is Bitcoin is to see a new High as we get closer to April's Halving. As you can see, even the 1D RSI sequences between the two fractals are quite similar. Based on that fractal we may even see Bitcoin at $100000 as early as June!
Do you agree with that? Feel free to let us know in the comments section below!
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Injective Protocol completed a setup for upto 19% pumpHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol.
Recently we caught almost 50% pump of INJ as below:
Now on 4-hr time frame, INJ with Bitcoin pair 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.
AUDIO/USDT Secondary trend. Channel 0.16. Correction -96%From the distribution zone (hype), the price dropped to the $0.16 level, from which it was previously pumping +2370. At the moment, the price is squeezed at the support of the channel of 5 weeks. Recall that we are talking about the weekly time frame.
Here is how this altcoin looks like on a linear price chart .
My previous teaching/work idea. I published it then in the distribution (HYIP, selling) area of phantom +666% of the average accumulation price.
AUDIO/USDT Psychology. Accumulation. Distribution. Local fractal.
Probably, at the moment it is more interesting to work with this crypto-fantik in the long, than earlier on the price values +666% in the distribution area.
AUDIO/USDT Downward wedge in horizontal channel 10 2023Arithmetic chart. Time frame 1 day. The descending wedge is a bullish formation on a bearish trend or accumulation zone (sideways). It was formed in a horizontal channel with a step of about +180%. Price has been moving along the support of this huge pump channel for 2 months.
Shown percentages (3 target zones), of two logical variants of trend development.
1) Trend break now. Breakout of the wedge resistance (downtrend) and work with the channel range.
2) Further formation of the wedge, entry under the channel support into the so-called capitulation zone and only after that the price growth.
Line chart.
Secondary trend. Distribution/accumulation zones (read the description and the interconnected idea of learning/working).
AUDIO/USDT Secondary trend. Channel 0.16. Correction -96%
APT/USDT Main trend. Wedge. Logarithm. Timeframe 3 days. It is forming, as on many mid-liquidity altcoins—a descending wedge.
Here's what it looks like on a line price chart .
Pivot Zones. Trading Strategies. .
At the moment, the drop is -76%. Usually assets of this liquidity fall by -90%, but perhaps now is not the time yet or there is too much hype for cryptocurrency. You can work from the average set/reset price, i.e. allocate money in advance. Another option is to wait for the breakdown of the wedge.
Risk and mani-management.
Remember that with the general market situation, localized takeouts (squeezes) of stop-losses are possible. More globally, do not rule out the possibility of a so-called "black swan" (not a crypto story) since 03 2020 at the dumping of the crown virus. Then the descending wedge can break with one stick - squeeze (like the whole market), and no matter how beautiful the chart of this cryptocurrency looked earlier. If that happens, only buy with a net of orders and disconnect from media news scaremongering.
Scare and save, this is the essence of wolves earning money and loss of funds of illusorily scared and then saved sheep. .
In any case, the descending wedge has been formed (bullish formation), breaking through its resistance (breaking the downtrend) is a matter of time, not the action itself. Moreover, this very HYIP and something "valuable" should be sold (create HYIP and media demand) to those who do not appreciate such things and do not divide cryptocurrencies into good and bad, because they are just tools with the help of which "out of nothing" you can make fabulous money on the faith of fools in something abstract.
Do not catch the lows and highs of the trend. Work logic like the big market participants:
"I never know the exact future, but there is a more likely or less likely scenario, those are the ones I stick to. I am prepared for any localized outcome of events, even the less likely". Absolutely not interested in crypto news and majority opinion" .
ICP Secondary trend wedge zone in accumulation channel 10 2023Secondary trend. Work with the breakout of the wedge and the range of the horizontal accumulation channel. The price now (narrowed part of the wedge) is in the capitulation zone, that is, under the support of the accumulation channel.
Line chart. of this zone to work.
Secondary trend That is, the horizontal accumulation channel.
ICP/USDT Secondary trend. Accumulation channel.
About mani management in working now on similar medium and low liquidity cryptocurrencies read in the description of this trading idea: RLC/USDT Secondary trend. Decline -63% Wedge. 10 2023
BITCOIN What is next narrative it will break?Since th 2021 Bear Cycle started, Bitcoin (BTCUSD) entered a phase that few could have predicted. You can very easily even call it the 'Cycle of Narrative Destruction' as since the June 13 2022 break below the previous All Time High (ATH), Bitcoin started breaking narratives that have been well established throughout its history and few thought could break.
** Five major narrative breaks so far **
Starting from the very first narrative destruction on the week of June 13 2022 (we are viewing this chart on the 1W time-frame), Bitcoin managed to break below the previous ATH (19350) for the first every in its history. Then a few months later in November 2022 in the aftermath of the FTX crash, it broke below the 1W MA300 (red trend-line) also for the first time ever. This resulted into the first ever 1W Death Cross around February 2023 and following the recovery during 2023, it naturally formed the first ever 1W Golden Cross around the last week of December first week of January 2024. The most recent narrative that BTC has destroyed was this week as it made a new ATH marginally above $69000, which was the first time it did so before the Cycle's Halving (which is due in mid April 2024).
** Which narrative is next to break? **
As you can see, those are 5 major narrative breaks in the span of 18 months. So what narrative will BTC break next? The first that comes to our mind as the market is rising that fast this high, is the Theory of Diminishing Returns (TODR). This theory implies (and has been correct so far) that each Cycle delivers lower returns than the previous. As you see on the charts, the first Cycle gave +531681% returns, the next one +62325%, then +11808% and the most recent +2051%.
** So 330k is realistic?? **
If this narrative is to break, it means that BTC would need to make a little over +2051% during the current Cycle. That suggests that we can be looking at a Cycle peak above $330000! Of course if that happens, it would mean that Bitcoin will also break above its historic Parabolic Growth Channel, which can be considered another narrative destruction.
But what do you think? Can the Theory of Diminishing Returns be the next narrative to break and if not, which one do you think it will be? Feel free to let us know in the comments section below!
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BITCOIN Volatility to kick in as we approach the Halving?So far since the November 2022 bottom, Bitcoin (BTCUSD) has formed the same pattern twice: roughly +100% rise, a Triangle that preceded the rally's top, followed by a roughly -20% decline in the form of a Channel Down.
The latest high volatility of the past 3 days resembles those Triangle patterns before the peak. A +96.43% rise, similar to the previous Wave, gets completed around $75500. If BTC continues to replicate those patterns, then a -20% correction should coincide with April's Halving.
Do you think that Bitcoin will continue following that blue-print? Feel free to let us know in the comments section below!
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SHIBA is having a 2017 XRP moment!Shiba Inu (SHIBUSD) is on a remarkable 2-week rally that has already hit the November 2021 levels. Such a strong move is the start of year long parabolic rallies and the one coin that Shiba seems to be replicating is XRPUSD.
In fact it appears (on the 1W time-frame) that SHIB is copying XRP's 2014 - 2016 Bear and subsequent accumulation phases, which eventually led to the parabolic rally of 2017. As you can see XRP's start on this rally is very similar to Shiba Inu's today.
Is SHIB having a 2017 XRP moment?
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Lisk (LSK) setting up for upto 25.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Lisk (LSK).
Recently we caught almost 35% pump of LSK as below:
Now on 1-hr time frame, LSK is about to complete a bullish BAT 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.
Harmony (ONE) completed a setup for upto 20.50% pumpHi dear members, hope you are well and welcome to the new trade setup of Harmony (ONE) coin with US Dollar pair.
Previously we caught more than 20% pump of ONE as below:
Now on a 4-hr time frame, ONE 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.
BITCOIN Perfect symmetry shows $170k!This chart on the 1W time-frame shows how symmetric Bitcoin's price action has been before and after the March 2020 COVID crash with the price action has been before and after the November 2022 FTX crash.
Both within the long-term structure of a Channel Up, the bottomed below the 1W MA200 (orange trend-line), turned a Resistance into Support when the rally really took off, while the 1W RSI was ascending on a Channel Up.
Within this nearly 7 year Channel Up, BTC made its two Higher Highs peaks after a +1000% rally, which indicates that is the standard for the pattern. A repeat of a +1000% rise from the November 2022 bottom gives us a projected peak around $170000!
How realistic do you think that is? Do you agree with that model? Feel free to let us know in the comments section below!
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Arweave (AR) is setting up for upto 20.50% pumpHi dear members , hope you are well and welcome to the new trade setup of Arweave (AR) coin with US Dollar pair.
Recently we caught almost 331% pump of AR as below:
Now on a 2-hr time frame, AR is completing the final leg of a bullish BAT move for the next pump.
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.
[ADAUSDT] - long term accumulation in Adam & eve has broken out!in monthly chart ada completed a long term accumulation i adam & eve ..
additionaly:
🔸 produced a positive retest now... meaning a bullish path
🔸three white soldiers (monthly time frame)
targets shown at chart
dont forget to support us with ur like, comment and follow for more updates🎯
PEPEUSD This rally is far from over.Pepe (PEPEUSD) has completed a +760% rise so far from the February 05 2024 Low and based on this chart, it is far from over! In fact as both the 1D MA50 (blue trend-line) and the 4H MA50 (red trend-line) are supporting, this run resembles the rally of April 21 - May 05 2023 when Pepe rose by +2531%. During that rally, the 4H MA50 held and broke only when the multi-month pull-back started.
As a result, we expect the coin to rise to at least 0.000023 (+2531% from the bottom), which would interestingly enough be a Higher High if that indeed evolves into a Channel Up.
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