Cryptocurrrency
Alikze »» BTC | Bullish angle pattern | bullish channel - 8H🔍 Technical analysis: Bullish angle pattern in the bullish channel And the pullback is broken into the swing
- According to the movement scenario predicted in the previous analysis , by forming an ascending diamond pattern, it managed to break the dynamic trigger and move towards the supply areas.
- It is currently moving in an ascending channel in the 8H time frame.
- With the formation of an ascending corner pattern, it is undergoing a temporary correction to the green box.
- Therefore, it can encounter support after correction in the green box area and continue its growth up to the supply range.
💎 In addition, if the correction is sharp, there will be a possibility of breaking the green box, up to the range of 62500.
💎 So, in case of zigzag correction in the green box area, it can meet the demand and touch the target of the supply area.
⚠️ In addition, if below the area of 62500 candles, the bullish scenario will be invalidated and should be re-examined and updated.⚠️
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MEXC:BTCUSDT
Alikze »» GALA | Wave 3 or C scenario - 8H🔍 Technical analysis: Wave 3 or 3 scenario in the ascending channel
- In the 8H frame, it is moving in an ascending channel.
- So far, a movement cycle AB=CD within the ascending channel has grown to the size of 0.78 fibo.
- After that, it had a corrective cycle up to the green box range, which has met with demand again.
- Currently, it is in the middle of the channel, which can continue its growth by breaking it up to the limit of the first supply area (the ceiling of the channel).
💎 After that, if it has a soft and zigzag correction, it can continue its growth with a bullback to the broken structure (minor ceiling) in the ascending channel until the second supply area as wide as the first channel.
⚠️Note: In addition, if the current price enters the corrective phase and touches the Invalidation LVL area, the bullish scenario is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GALAUSDT
HNT 100% upside as a near term trade, target price $11.0Helium has strong fundamentals, with tangible products and projects positioning it as a potential leader in the DePIN space. On the technical front, it appears the ABC corrective waves are complete. If HNT experiences another set of ascending waves with a similar magnitude as before, the price could easily reach $11.
Alikze »» ALPHA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- In the 1D and 1W time frames, it is moving in a descending channel.
- It has encountered support in the range of the green box.
- Due to the change in structure and behavior in the 1D time frame, it can have an upward movement up to the limit of the ceiling of the descending channel.
💎 If the current rising wave is accelerated, after hitting the first supply area which is the neck line of the previous corrective wave, it can continue the upward trend after a temporary correction to the next supply area.
⚠️ In addition, if the floor of the previous range is touched, the bullish scenario will be invalidated and must be reviewed and updated again.⚠️
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BINANCE:ALPHAUSDT
ETH / BTC Secondary trend. Descending channel. Wedge. 18 10 2024A local wedge-shaped formation has formed in the descending channel in this ETH/BTC trading pair. There is potential for a breakthrough and price growth, to the resistance of this descending channel. Perhaps after consolidation. If this happens, then most of the “long-suffering” altcoins will similarly go up in price, but with a larger %. The local alt season will begin.
This trading pair clearly shows how money flows from one high-cap asset to another. Shown on the chart. Look at the time and the Bitcoin to Dollar chart, at the time of the breakout of the symmetrical triangle of the distribution zone downwards (weakness of Ethereum relative to Bitcoin). Since then, Bitcoin has grown in price by almost +200%. While Ethereum relative to Bitcoin has weakened by as much as -50%.
Now there is a reverse flow of bitcoin into ether, and some alts, for about 1.5 months already. Then, the money will flow into a variety of alts, which will consequently be reflected in their prices a little later. Today is a significant date 18 10 2024. There are 18 days left until the US presidential election.
Remember, about this, where this zone is in the main trend.
Alikze »» BNB | Ascending Wave 3 or C Scenario - 1D🔍 Technical analysis: Ascending Wave 3 or C Scenario - Reverse Head and Shoulders pattern and bullish channel
- It is moving in an ascending channel in the daily time frame.
- According to the analysis presented in the previous post , after the inability to break the supply area, the range of 530 to 545 faced correction, which after the correction in the Liquidity Area, it faced demand. After that, it entered an upward rally and then From the failure of the supply zone (545-53) and pullback, it entered the upward continuation phase.
- As can be seen, after the correction in the Liquidity Area, a head and shoulders pattern has also been formed.
- It is currently in the supply area.
Therefore, in case of selling pressure, it can face the demand again by correcting in the bottom area of the channel, and after the failure of the supply area and pulling back to it, it can continue its growth until the next supply area, which is also the ceiling of the ascending channel.
💎 In addition, if he can break the supply zone that is the range of the previous hundred fibo wave (the ceiling of the channel), he can continue his growth by pulling back to it until the next supply zone.
⚠️ Note: In addition, it should be noted that this upward wave should not enter the Liquidity Area, touching the number 470.9 will invalidate the upward scenario. ⚠️
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BINANCE:BNBUSDT
Alikze »» XRP | Rising triangle pattern🔍 Technical analysis: Rising triangle pattern
- It is in the supply zone in the daily time frame.
- An ascending triangle is now formed.
- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.
- After the failure of the supply area, it can continue its growth until the next supply area.
- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of one dollar.
- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.
💎 Alternative scenario: In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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FTT/USDT Secondary trend. Wedge. Phase 3. 05 2024Logarithm. Time frame 3 days
Secondary trend. A descending wedge is being formed. Its breakthrough - reversal and price growth. Maybe another decline, take it into account in risk management. Globally, and perhaps medium urgently now acceptable prices for a position set, at least the first part of it. Preferably, on the breakout of the reversal level. Stops are very short now.
Linear, without slippage of the wedge formation boundary.
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot and could drop to the overlap support.
Pivot: 2,672.26
1st Support: 2,535.71
1st Resistance: 2,791.13
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.
DODO Secondary trend. 02 09 2024Logarithm. Time frame 3 days (less is not needed). The price is in a horizontal channel, at the support zone, near the capitulation zone and liquid zones, which can give a massive triggering of long stop loss under the channel.
A descending wedge (secondary trend) was formed by the decline from 03/13/2024. Its breakthrough is a trend break.
The chart shows two average, not maximum targets for breaking the descending wedge (secondary trend) for orientation:
🟢 1) maintaining channel support and not entering the capitulation zone.
🔴 2) entering the capitulation zone.
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The previous idea (wedge and work in the accumulation channel) for this coin and a similar trading situation that was published more than a year ago before the reversal (about +200%)
DODO/USDT Secondary trend. Accumulation channel 08 2023
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The prices are currently acceptable from the standpoint of both the secondary trend and the main one.
⚠️ Due to the rather low liquidity, capitulation zones are extensive on such cryptocurrencies due to price slippage. Remember this and work wisely with the margin, and it is better to work with such cryptocurrencies only on the spot.
🟢 In the long term, this DEX will be heavily pumped up. Now they are pouring in a lot of money. The network has grown by 200% in users in a few months. This is all happening unnoticed against the background of the negative local fall of bitcoin.
Linear price chart.
Main trend. Time frame 1 week.
DODO Main trend 09 2024
BTCUSDTHello Traders!
What are your thoughts on BITCOIN ?
Bitcoin has been in an upward trend in recent days, showing significant strength. However, the price is now approaching a key resistance zone that could potentially lead to a temporary correction.
Given this resistance, we anticipate a correction in this area. This correction could present an opportunity for traders to enter the market.
It is recommended that traders closely monitor this resistance zone and wait for the correction to complete before considering entry. Once the correction is over, we expect Bitcoin to resume its upward movement and potentially reach new highs.
If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
Could Bitcoin reverse from here?The price is rising towards the pivot which is a pullback resistance and could reverse to the overlap support.
Pivot: 59,560.05
1st Support: 56,602.15
1st Resistance: 61,135.75
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.
The same H&S planMorning everybody,
actually I'm not sure that we need the "new trading idea" here, because this is just update on existed one. Everything goes with the plan. Now BTC comes to the neckline, and intraday bulls could start watching for small 15-min reversal patterns to make a decision on long entry.
Target is the same - 61-62K, the top of right arm of our H&S pattern. Those who trade on daily/weekly basis just do nothing and wait for this area to consider short entry..
So let's mark this idea as "Long", because we're watching for 61K action, but as you understand overall setup is bearish...
BTC/USD bowl. Breakthrough 64-72. Cyclicality. Nasdaq - BTC.Logarithm. Completion time 1 week. Instead of updating an old idea regarding the Nasdaq Index and BTS on pump cup formation published on 06/17/2023, I decided to implement the idea on a live chart.
Comparative analysis. Fractal. Lag. Bitcoin and Nasdaq
17 06 2023
I have applied the cup percentages as well as the cup with handle if formation occurs (high probability). Although the cycle high targets and timing are the same as what I showed in 2022 during the Bitcoin accumulation phase.
So, for clarity with the last cycle and its highs in 2021.
BTC/USD Secondary trend cycles and halvings . 1 07 2022
BTC/USD Halving 518 When will be the cycle price low and high.
02.09.2023
BTC/USD Main trend (3 years) Channels Triangle
09 2023
At the moment, the price is above the “demons of Solomon” zone, that is 72,000. Zone 64-72 – resistance of the large bowl (last cycle highs 64-69). Let's follow the fractal similarity of 2015-2017. There is a high probability that a rollback will occur slightly higher, and a long-term bullish formation will be formed (trend direction, large time frame) — “Bowl with handle”. Or straight to the psychological level of 100?).
Pay attention to interest rates and price levels in the past and now.
1️⃣ Let me remind you that in April the halving is closer to the 20th. Most likely this will happen on the day "18" . Do you think that bitCocaine will cost 84,018 closer to this time?) What will happen to this zone?
2️⃣ Psychological PR level - the zone for Bitcoin is $100,013.
3️⃣ Everything else probably looks unreal for most market participants, but what is shown now is real, just as it was a very long time ago.
Adhere to these simple rules:
1) Understand and exploit the cyclical nature of the market.
2) Buy low, sell high. And not vice versa like most).
3) Take profits in parts on the hype (now) in a growing trend or protect with a stop loss.
4) Have an understanding of the relationship between the liquidity (capitalization, roughly speaking) of a trading instrument and its volatility and potential.
5) If you trade locally. The crowd is shouting: “cryptocurrency is a scam” - buy it. “Crypto hype” - sell it.
6) Do not be interested in the news and the opinion of the majority, this is all “taken into account in the price movement schedule.”
7) Always have at least 20-30% of stablecoins in reserve. If, for example, in a developing trend there is a correction to quickly remove longs (futures, margin with large shoulders, in spot - stop loss) by a significant%, and some of your stops do not work due to price slippage, then a “cash airbag” will calm and warm you in such an unpleasant moment).