LUNAUSDT Is it coming back from extinction?The story of Terra's (LUNAUSD) crash back in May 2022 is well known to everyone in the cryptospace. Shortly after its collapse and following the last dead-cat-bounce on September 09 2022, the price entered a Channel Down pattern in the last 14 months.
In recent price action we see the possibility for a technical comeback though as not only has it reached today the top of the Channel Down but also is about to form the first Golden Cross on the 1D time-frame since August 17 2021!.
As a result, we will turn bullish if a 1D candle closes above the Channel Down, targeting 2.500 (near Resistance 1). An early bullish break-out signal can be seen on the 1D MACD where it just formed a Bullish Cross on a Higher Lows trend-line. The same pattern during the last bullish leg within the Channel Down, after forming the Bearish Cross didn't invalidate it so quickly.
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Cryptocurrencysignals
Celestia (TIA) again setting up for upto 22% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Celestia (TIA).
Recently we caught almost 11% pump of TIA as below:
Now on a daily time frame, TIA is about to complete a bullish Gartley 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.
ETHEREUM Major Bullish Cross ahead, first time since Aug 2020!Ethereum (ETHUSD) is only 2-3 weeks away from completing a Bullish Cross on the 1W time-frame between the 1W MA50 (blue trend-line) and the 1W MA100 (green trend-line). Last time we saw this formation emerge was on the week of August 17 2020.
With ETH trading inside a Cup pattern similar to the consolidation of mid 2019 - mid 2020, we are either on a level similar to July 13 2020 (based on the 1W MA50/ MA100 Bullish Cross) or a level (post a 1W MACD Bullish Cross and near a (red circle) RSI Channel Up top), like January 27 2020.
Regardless of that, the current Cycle shows some more aggressive bias than the previous at this stage of the trend as the price is on the 0.5 Fibonacci level, while on those past occasions it was on the 0.382. Either case, the immediate target is the 0.618 Fib at 2500.
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Celestia (TIA) completed setup for upto 17% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Celestia (TIA).
Recently we caught almost 225% pump of TIA as below:
Now on a 4-hr time frame, TIA with Bitcoin pair has formed a bullish Cypher 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.
HAPPY THANKSGIVING! Let's see Bitcoin's price on this date!Let me begin by wishing everyone in the TradingView community a Happy Thanksgiving! A day of joy, gathering and happy family moments!
Aren't you curious to see where the price of Bitcoin (BTCUSD) was trading on this day in the previous years? If so, have a look:
2010: $0.28
2011: $2.49
2012: $12.51
2013: $813
2014: $376
2015: $328
2016: $739
2017: $8,771
2018: $4,015
2019: $7,150
2020: $18,764
2021: $58,927
2022: $16,353
2023: $37,000
So the obvious question is this. Do you see the pattern??
Since 2009 there have been 10 Thanksgiving dates where the price of BTC was higher than the previous year and only 4 where it was lower. Only once we've seen two straight red Thanksgivings and at least two green Thanksgiving dates follow. This year we have a green one, more than double the price of 2022 and in fact this is the first time BTC doubled coming from a red Thanksgiving since 2016.
An interesting pattern that arises on this chart is that when measuring the line that connects the Thanksgiving closer to the Cycle Top back to years, we can see that its angle is lower (naturally) by a certain rate. From 2015 to 2017 it measured the previous angle x 0.64. From 2019 to 2021 it was the previous angle x 0.68. From 2022 to 2024 based on this progressive pattern, is should be the previous angle x 0.72 (0.68 + 0.04). That gives us a rough value just under $80000 for the next Thanksgiving (November 28 2024). It is very possible that the Cycle top will be priced higher a few weeks after on an aggressive spike above $100k, as BTC often does (only the June 2011 Cycle Top was way off, being in the middle of two Thanksgivings).
But what do you think about this model and its projection? Are you expecting a BTC price around 80k on the next Thanksgiving and if not, what is your estimate? Feel free to let us know in the comments section below!
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Ontology Gas (ONG) completed a setup for upto 40.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ontology Gas (ONG) with BTC pair.
Recently we caught almost 27% pump of ONG as below:
Now on a daily time frame, ONG has formed a bullish Gartley 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.
UNIUSD Channel Down broke upwards but faces the 1D MA100.Uniswap (UNIUSD) broke above its 16-month Channel down, being the highest above the 1W MA50 (blue trend-line) since November 2021. This legitimate bullish reversal rally now faces the most important (and final) Resistance of the Bear Cycle, the 1W MA10 (green trend-line).
With the 1W RSI on a huge Bullish Divergence (as it trades within a Channel Up against the Channel Down of the price), if we close a 1W candle above the 1W MA100, we will buy and target 7.9000 (0.786 Fibonacci level) and 9.8000 (1.0 Fib) in succession.
Until this 1W MA100 break-out takes place, we are bearish, targeting 4.4000.
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BITCOIN ETF what?? This is a cyclical USD-fueled rally!Bitcoin (BTCUSD) is seeing in the past 30 days the first legitimate medium-term rally since March - April. The ETF acceptance anticipation has been cited as one of the reasons but after the SEC's latest delay, we see that it hasn't affected BTC's price as much and the reason is something else. Perhaps the strongest technical reason why Bitcoin has been rallying, is the sharp decline of the U.S. Dollar Index (DXY). Displayed by the green trend-line, we can see that its October 09 peak coincided with Bitcoin's rally.
DXY tends to peak first and after it starts to decline, Bitcoin (also a general observation for commodities too, not limited to digital assets) catches as a few days later. As you can see on this chart (1W time-frame), it is a cyclical behavioral pattern where an initial decline on the DXY (red Flag) fuels BTC's last pre-Halving rally. When this DXY pattern (blue Arc) ends, it makes a Higher High peak outside the pattern and gets hammered aggressively (red hammer). This starts BTC parabalic rally, what we call at Tradingshot "Post Halving expansion". We are expecting that the following summer.
Do you think however that a SEC ETF approval earlier in 2024 will dramatically increase the chances of such a rally happening earlier or it's more tied to the DXY? Feel free to let us know in the comments section below!
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Fantom (FTM) coin completed setup for upto 26.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of the Fantom (FTM) coin with US Dollar pair.
Our last successful trade of FTM was the below one, and it was almost 44% pump:
Now on a daily time frame, FTM has formed a bullish Gartley 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.
Trade signal | Verasity (VRA) completed setup for the next pumpHi dear friends, hope you are well, and welcome to the new trade setup of Verasity (VRA).
On a daily time frame, VRA has formed bullish Gartley 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.
Is KASPA the new KING? Comparison with BTC & ETH.Kaspa (KASUSD) has been among the great winners of 2023, seeing an enormous growth as we approach the end of the year. Inevitably this draws comparisons to the early days of many high cap/ profile tokens. What better comparison for debate than to draw Kaspa against the market leaders, Bitcoin (BTCUSD) and Ethereum (ETHUSD).
Bitcoin is displayed in orange, Ethereum in blue and as you can see by first glance, Kaspa (candles) has been following much more closely BTC's trading action in its early days than ETH's. Of course ETH came at a later stage in the crypto market so it was less aggressive than BTC, which practically made the market. We have drawn a Unified Underlying Growth Curve (UUGC) between the 3 cryptos and with a relative safety offers a projected scenario for Kaspa's future growth.
Of course it's all fun and games until fractals are materialized and people are left wondering how they didn't see it coming and how they missed such an obvious opportunity. Again, this doesn't show that Kaspa will replace any of the above in usefulness, purpose or market cap but it points out some obvious similarities between their price action.
What do you think? Is Kaspa a new crypto King?
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FETUSD Isn't done yet. 1.800 is on the way.Fetch.ai (FETUSD) is rising aggressively these last few days, fueled by the formation of a 1D Golden Cross. This is the 4th such bullish pattern within the long-term Channel Up since it started on the March 13 2020 market bottom. Every time this formation emerged, the price had already started a rally sequence (such as today's) but is nowhere near its end. In fact in most cases it registered the most aggressive part after the Golden Cross.
The 1D RSI's similarities of the November 2020 - February 2021 Bullish Megaphone are a testament that we are on a similar pattern, which then peaked just below the 1.5 Fibonacci extension. As a result, we remain buyers on FET, targeting 1.8000.
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ALTSEASON about to break-out aggressively!TOTAL3 which measures the Crypto Total Market Cap excluding Bitcoin (BTCUSD) and Ethereum (ETHUSD), is essentially a metric of the altcoin market. It's movement in relation to previous Cycle is indicative of what we call an 'Altseason', when this market segment rises disproportionally to the rest.
The price tested the 1W MA100 (green trend-line) last week for the 1st time since May 2022 but failed to break it and closed the week below it. With the rejection also being on the (dashed) top of the Ascending Triangle (bottom formation pattern), it appears that the market is replicating the sequence of January 20 2020. Even the 1W ROC patterns are identical.
As a result, a candle closing above the top of the Ascending Triangle, will be a buy signal for us, targeting initially the 0.5 Fibonacci level at 570B (as it did in July 27 2020 and wouldn't have done earlier if it weren't for the COVID crash). Then the 0.618 Fib should be targeted, which should give the final +/- 1 month consolidation before new All Time Highs.
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BITCOIN First 1W MA50/100 Bullish Cross since December 2019!!Bitcoin (BTCUSD) will complete this week or the next the first 1W MA50 (blue trend-line) - MA100 (green trend-line) Bullish Cross since the week of December 02 2019! Such a bullish pattern, exactly 4 years after, is a Cyclical buy signal which technically is the last we are going to get during this Cycle.
With the Halving being a fundamental signal, this Bullish Cross is the early signal of a pre-Halving buy, which sets the stage for the Bull Cycle's final parabolic rally. Time-wise it takes place almost during the same time period (Time Fib 2.236 in 2016 while today and 2019 it took place on the 2.0 Time Fib). As you can see, following this formation, BTC tends to rally to the 0.786 Fibonacci retracement level (if it hasn't done so before as in 2019), while the 0.5 Fib turns into the Support (it wouldn't have broken in 2020 if it weren't for the COVID crash).
Observe the similarities on the 1W MACD also around the time of the 1W MA50/100 Bullish Cross. It rises on a Bullish Cross and forms a Bearish Cross a few weeks after, which delivers a low price level we won't break again during the rest of the Bull Cycle. So to sum it up, moving forward, Bitcoin targets the 0.786 Fibonacci at $50000, while the 0.5 or at most the 0.382 Fib (32000 - 27000) will support.
But what do you think as we move towards the April Halving? Will 30k hold and more importantly are we on the path to hit 50k soon? Feel free to let us know in the comments section below!
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$STPT Breakout and retest inverse head and shoulders pattern **$STPT Breakout and retest inverse head and shoulders pattern **
The inverse head and shoulders pattern is a reversal pattern that can indicate a potential change in the trend from bearish to bullish. It consists of three troughs: a lower low (head) between two higher lows (shoulders). Here are the steps to trade the inverse head and shoulders pattern:
1. **Identify the Pattern:**
- Look for a downtrend in the price chart.
- Identify the three troughs that form the inverse head and shoulders pattern.
2. **Confirmation of Pattern:**
- Confirm the pattern by checking if the second shoulder's low is higher than the first shoulder's low.
- Volume analysis can be useful. Typically, the volume is higher during the formation of the head than during the shoulders. As the pattern completes, the volume should diminish.
3. **Neckline Breakout:**
- The neckline is a horizontal line connecting the high points of the two shoulders. Wait for a clear breakout above this neckline.
- The breakout should ideally be accompanied by a surge in volume, indicating strong buying interest.
4. **Confirmation of Breakout:**
- To avoid false breakouts, wait for confirmation. Some traders wait for a daily close above the neckline to confirm the breakout.
5. **Price Target:**
- The distance from the head to the neckline can be measured and added to the breakout point to estimate a target price. This is a potential target for the upward move.
6. **Stop-Loss:**
- Set a stop-loss order below the neckline to manage risk. If the price falls back below the neckline after the breakout, it may indicate a false breakout.
7. **Risk Management:**
- Consider the risk-reward ratio before entering the trade. Ensure that potential profits are worth the risk taken.
8. **Monitor the Trade:**
- Keep an eye on the trade as it progresses. Look for signs of strength or weakness in the price movement.
9. **Consider Other Indicators:**
- Use other technical indicators, such as moving averages or relative strength index (RSI), to confirm the strength of the trend reversal.
10. **Patience:**
- Be patient and allow the trade to develop. Not all breakouts lead to sustained trends, so monitor the market conditions.
Remember that no trading strategy is foolproof, and there is always a risk of losses. It's crucial to combine technical analysis with risk management and stay informed about market conditions. Additionally, practice on a demo account before implementing any new trading strategy with real money.
ARKUSDT Trade Plan Timeframe: 1HARKUSDT Trade Plan Timeframe: 1H
#Forex #ARKUSDT #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve
Hey traders! 👋 Let's dive into a potential trading opportunity on the ARKUSDT pair using technical analysis. 📊
📉 Previously Bullish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in the ARKUSDT pair. 🐻
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.
📈 Entry Price: 1.5302
🎯 Stop Loss Level: 1.4870
🚀TP1: 1.55
🚀TP2: 1.57
🚀TP3: 1.58
🚀TP4: 1.61
🚀TP5: 1.62
🚀TP6: 1.64
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
ARUSD Above the 1W MA50 but needs one final bullish confirmationArweave (ARUSD) broke and established itself above the 1W MA50 (red trend-line) for the first time in its history. That is a major long-term bullish signal, and it is no surprise that since it held it as Support on Friday, it is rising strongly over the weekend.
We would ideally prefer to see the price break also above the top (Lower Highs trend-line) of the 15 month Channel Down in order to buy with the lowest risk possible. Our target is Resistance 1 (previous Lower High of the Channel) at 14.900.
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Trade signal | TrueFi (TRU) is ready for the next pumpHi dear friends, hope you are well and welcome to the new trade signal of TrueFi (TRU) with US Dollar pair.
Recently we caught almost 71% pump of TRU as below:
Now on a 4-hr time frame, TRU has formed a bullish Cypher 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.
BITCOIN has entered the Halving Phase and targets 50k.Bitcoin (BTCUSD) is under heavy volatility lately due to the ETF development and in times like this, we tend to zoom out into the longer term time-frames such as the 1W to get a better perspective of where we might be at with relation to past Cycles, in an attempt to filter out the short/ medium-term volatility of such news.
** Cycle classification **
On this chart we compare the current to the 2018 - 2021 and 2014 - 2017 Cycles. To get an insightful understanding of time and levels, we have categorized the Phases into Bear (red), 1st Rally (orange), Pre & Post Halving (blue) and Parabolic Rally (green).
Based on that classification, BTC has just entered the Pre & Post Halving phase, with Halving 4 expected to take place in April 2024. During that phase, the price reaches or has already reached (in the case of 2020) the 0.786 Fibonacci retracement level, while keeping the 0.382 Fibonacci intact as a Support (notable exception of course March 2020 with the COVID crash, which was however an irregularity due to its once in 100 years occurrence). The 1W MA50 (blue trend-line) also poses as a loose Support.
** Now and new All Time High **
On the current Cycle, the 0.786 Fib is at $50000, so based on our model, either now or 3-4 months after the Halving it should be reached. At the same time, we shouldn't drop below 27000 (0.382 Fibonacci).
Once the 0.786 Fib breaks, BTC should test the 69000 All Time High (ATH) in a matter of weeks, which will be the start of the Parabolic Rally phase. Beyond that, it is a matter of how high the current Cycle can extend to in pricing the next ATH. The 2017 Cycle peaked on the 2.382 Fib extension and the 2021 on the 1.618 Fib extension. That is the Theory of Diminishing returns on every Cycle, as adoption gets greater. Technically it is natural to expect no more than 1.382 Fib, which is a little over $120000. Perhaps the worst case scenario might be 100k but of course much depends on the fundamentals at the time, e.g. how adoption evolves, how much capital will flow in case of an ETF approval etc.
But what do you think? Do you agree that 50k will be reached within our designated Pre & Post Halving phase? Or it is too high too soon? Feel free to let us know in the comments section below!
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ETHEREUM Golden Cross ahead. Prepare for $2450.Almost a month ago (see chart below) we gave the most optimal buy entry on Ethereum (ETHUSD), while it was at the bottom of its Channel Down, even below the 1D MA50 (blue trend-line), targeting the 1D MA200 (orange trend-line):
The target got hit and the rally has been so strong that it even broke above the medium-term Channel Down and resumed the long-term Channel Up that it has been trading within in the last 12 months.
Technically, it is about to form a 1D Golden Cross, with the last registered formation being on February 08. The price had entered a Megaphone consolidation with the 1D MA50 as the first Support and the 1D MA200 as the second and in less than 2 months gave a rebound/ continuation of the rally to the Higher High of the Channel Up on the 1.5 Fibonacci extension. Even the 1D RSI patterns between the two sequences are similar.
As a result, the best strategy here is to buy any similar pull-back ETH may give and target $2450 (1.5 Fib) within January 2024.
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$ENS BREAKOUT DONE What is a trendline break and how to trade it?
There is a breakout when the price crosses an important level. However, not all breakouts are created equal. There are preconditions for a breakout to be considered relevant:
Consolidation before the breakout.
A significant increase in trading volume.
Indicating investors’ enthusiasm to push the price as far as possible.
Regarding consolidation, breakouts often occur after forming a contraction pattern, such as a triangle or a wedge. During these market phases, the volume gradually decreases, and the amplitude of the movements does the same so that the price action evolves in a narrow range.
A sudden increase in volumes, as well as the exit of the price from the range, is often indicative of a new trend forming.
How to trade breakouts?
There are different ways to trade breakouts in the stock market, which are more or less aggressive depending on where you open your position.
ZRX Breakout the descending broadeningDescending Broadening Wedge Pattern Explained
A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines .
A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right.
A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.