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Alikze »» MASK | Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1W
📣 BINANCE:MASKUSDT It is moving in a descending channel on the weekly time frame, which faced selling pressure after a movement cycle in the $7 range and made a zigzag correction to the $1.5 range.
🟢 Currently, due to the upward momentum and movement to the middle area of the channel and the short-term correction, it is again in the supply area with an increase in buyers.
🟢 In the event of a negative reaction in the supply area, it can break the first supply area towards the second supply area with a pullback to the green box area.
💎 Considering the previous movement lag and the second zigzag correction, this movement path can have a 3 or C wave rally up to the marked red box area.
⚠️ In addition, the price should not enter the LVL Invalidation range due to the movement lag. Therefore, any price correction can end up to the 3.12 range, and the consolidation above the area strengthens the bullish scenario .⚠️
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Alikze »» NEIRO | Ascending Channel - 1D🔍 Technical analysis: Ascending Channel - 1D
📣 MEXC:NEIROCTOUSDT currency is currently moving in an ascending channel on the daily time frame after a price jump.
🟢 Considering the reactions at the bottom and top of the channel and considering the momentum, if there is a positive reaction at the bottom of the ascending channel, it can grow at least to the specified area.
🟢 If the bottom of the ascending channel breaks, it can continue to correct in the green box area and, if demand is created, continue its movement to the top of the ascending channel.
💎In addition, considering the movement cycle, this wave can continue to the specified supply area.
⚠️ In addition, if the price breaks the green box area downwards and touches the blue bar area, the ascending scenario is validated and should be re-examined and updated ⚠️
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Alikze »» BRETT | Ascending Channel - 1W🔍 Technical analysis: Ascending Channel - 1W
📣 COINEX:BRETTUSDT It is moving in an ascending channel on the weekly time frame.
🟢 It has had several positive reactions with demand at the bottom of the ascending channel.
🟢 Given the current momentum that is in the supply area and the middle of the ascending channel.
💎 If the current area is broken, it can grow to the 0.41 area.
⚠️ Given the recent zigzag correction at the bottom of the channel, it has encountered buying pressure candles that can be considered the LVL Invalidation range as invalidating the bullish trend analysis. ⚠️
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Alikze »» ETH | Supercycle Bullish Wave 3 or C Scenario - 1W🔍 Technical analysis: Supercycle Bullish Wave 3 or C Scenario - 1W
🟢 BINANCE:ETHUSDT Ethereum currency in the weekly time frame: As mentioned in the previous analysis , the supply area can have two movement paths.
🟢As mentioned: The first scenario, after completing the first wave in the supply area with a correction to the support area of the green box area, the range of $2,500 extended. Meanwhile, in the lower time frames, the details of the behavior of the Ethereum currency were also fully discussed.
🟢 However, in the 4-hour time frame, the ascending micro-waves of the first cycle were examined, as predicted, the ascending wave extended to the supply area of 3,200 to 3,500.
🟢 Therefore, the first cycle can end in the current range or slightly higher and form a zigzag correction to form a 3-of-3 ascending wave.
🟢 However, according to the movement path predicted in the previous analysis, this ascending cycle has the ability to grow at least to the 0.78 Fibo area of the previous wave.
🟢 Considering that this cycle is inside a triangle, it can continue as long as the triangle base.
🔴 Important:
Due to the application of the triangle base and the ability to grow to the supply area specified according to the Elliott scenario, this bullish cycle will be able to grow to the large supply area after breaking the 0.78 Fibo area.
Considering the current momentum and the bullish engulfing candle in the green box area, the following targets can be touched.
🎯Previous major ceiling,
🎯 Next target 6832
🎯 9357
🎯 Specified supply area (large red box)
⚠️ In addition, in the first step, considering the first bullish cycle, I expect no correction to extend to the Invalidation LVL area. ⚠️
After that, and after the previous major ceiling area is broken, the Invalidation LVL area will be updated.
In case of a change in behavior and structure, its details will be reviewed and updated.
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Alikze »» ORDI | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
BINANCE:ORDIUSDT In the daily time frame, it is moving in an ascending channel, which has faced selling pressure in the supply area after hitting the ceiling of the channel.
- In the analysis presented in the previous post , the alternative path was realized, which was corrected up to the $29 range and met with demand again by creating a Double Bottom.
💎Currently, due to the momentum and bullish guard, it can meet the demand again with a zigzag correction in the green box range and break the first supply area towards the specified targets.
💎Therefore, the reversal can be a broken pullback to the swing.
⚠️ In addition, if the correction is sharp and sharp, there will be a possibility of breaking the zone, so if the Invalidation LVL zone is touched, the bullish scenario will be invalidated and should be checked and updated again. ⚠️
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Alikze »» ALGO | Scenario 3 or C bullish - 1W🔍 Technical analysis: Scenario of the first cycle bullish wave 3 or C - 1W
BINANCE:ALGOUSDT In the daily time frame, the ascending channel is moving.
- In the analysis presented in the previous post , after reaching the dynamic trigger, it faced selling pressure and, after a correction of 0.23 Fibo of the previous wave, it was able to continue the upward movement to the supply area.
- Considering the previous movement structure, which had an upward cycle to the 33 cent range, after which it made a three-wave downward correction cycle.
💎After that, by forming a Double Bottom, it was able to touch the middle of the channel and the neckline by creating demand.
💎Considering the momentum, this movement cycle can continue to the ceiling area of the ascending channel and the supply area, and then with a temporary correction in the middle of the channel, it can continue the upward path to the second supply area.
⚠️In addition, if the price enters the Invalidation LVL range during this upward phase, the bullish scenario is invalidated and must be re-examined and updated.⚠️
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BITCOIN HEDGE SHORT POSITION OPPURTUNITY UPDATEBITCOIN gave me reversal signal. I entered the short position the target is marked as 'long zone' i will be looking reversal signs to exit short and open long position.
It is risky hedge short position. The overall #bitcoin is still bullish. I will be scalping short.
It is not financial advice. I am taking calculated risks.
Imminent rebound for BTC in the next 24 hours! A strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions! ☀️ The price of Bitcoin rose 1 percent to $57,277 over the past 24 hours and still has the potential to go up.
The 12 spot Bitcoin exchange traded funds (ETFs) listed in the US have posted outflows totaling almost $800 million dollar over the past six trading days, data from Sosovalue shows.
Investors now await cues from the upcoming US job figures being released tomorrow. Analysts expect 160,000 jobs to have been created outside the US farming sector in August, up from 114,000 jobs in July.
Yet, over a one-week time horizon, drizzle will linger over Bitcoin, signaling downside potential. 🌧
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BTC to rebound - bullish potential for the next 24 hours The price of Bitcoin fell more than 6 percent to $59,290 over the past 24 hours, trading as low as $58,564 over this period, Trading View’s Bitcoin chart shows.
Yet, a strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions. ☀️
“Today's drop is intriguing and presents a potential opportunity for those looking to capitalize on a tactical rally. Entering at $59,000 with a tight stop at $58,000 might seem overly cautious to some, but tactical opportunities like this are rare in a market lacking a clear bullish trend,” the crypto intelligence firm 10xResearch said in its daily note.
The number of Bitcoin millionaires increased by 111 percent last year and exceeded 85,000 people, Henley & Partners annual Crypto Wealth Report 2024 shows. Eleven persons hold more than $1 billion in Bitcoin. The CEO of MicroStrategy Michael Saylor, the CEO of Coinbase Brian Armstrong and Binance’s founder, currently serving a prison term in the US for money laundering violations, Changpeng Zhao (CZ) are part of this exclusive club.
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Shib path to November 2024 - 2025 Hola Shib-inu fans, I have been getting request while I was away - asking what's the next move for Shib in this current market today.
Along with questions such as:
Why is it crashing so much?
Should you buy, hold, or sell?
Where do you see the market in the next year?
To answer that question is simply put I can not answer that directly at this time. Reason being, the market is currently influenced by the United States political and economical climate and is likely going to make an even greater impact based on which candidate wins office.
Republicans🐘 vs 🐎Democrats
Currently control the market movement, and if you don't believe me, after Donald Trump was shot, Republicans believed that this would land Trump a landslide victory, so Whales and influencers to the market flooded the main crypto wallets BTC and ETH among others with rally that led the price of bitcoin from a 56k lost back to a 70k return. Another example of how the US as well as China has a major controlling factor on how the market moves, is the fact that this most recent crash is based on the US CPI report being unsatisfactory forcing both the crypto and SnP market to crash from that outcome alone.
This is mostly the results of Bitcoin and its holders trying desperately to have ETF's take center stage and by doing so gave much of the control over financial growth to the banks and the governments that control them. That's the price we paid to have ETF's we are now apart of the regulatory stock market which is mainly control by the US market base.
So to understand where the next move for shib may lead is basically impossible to tell depending on who wins in November, so to help with this issue, I made a pathing map, and possible areas of concern for holders to look out for on a modified day chart converted to a weekly chart.
This path starts and end in November of 2024 to 2025 where if the republicans win, it will influence buying power from whales looking to capitalize on the returning president trump and the republican party new policies that want to put in place that is more beneficial to those with wealth they which to extend further.
vs
Another democratic win where policies may not change to much but will be a greater impact on the financial markets as a whole which will not rally whales if any at all and will likely cause a selloff in much of the markets not just in crypto.
So hopefully this map helps guide you to a positive path to riches or avoid a possible path to ruin.
BTC going to $70K soon? The price of Bitcoin dropped 3 percent to $64,258 over the past 24 hours, Trading View’s Bitcoin chart shows.
The cryptocurrency trend was negative over the past 24 hours after the Federal Reserve hinted at a potential a rate cut in September. The US central bank kept its benchmark rate unchanged at a 23-year high. This means that less risky assets such as bonds generate relatively high returns.
“Commentary has been leaning positive toward Bitcoin this week. In fact, this is the highest level of bullish commentary from the crypto crowd since the week of May 15th. The level of optimism from the crowd indicates that many believe $70K BTC is imminent,” the crypto research firm Santiment said.
“As crypto investors, we spend a lot of time focused on downside risk. We’re all acutely aware that, at any moment, an event might occur that will drive prices sharply lower. It’s fairly common for people to say that bitcoin ‘could go to zero.’ I think we have to accept that there is now an equal risk to the upside,” Bitwise’s CIO, Matt Hougan, writes in his weekly note following the world’s largest Bitcoin conference held in Nashville last weekend.
“If the 2024 Bitcoin Conference conveyed anything, it was this: It’s time to rethink what’s possible for Bitcoin,” he concludes.
A strong sun will shine over Bitcoin in the next 24 hours, indicating a bullish trend with buy signals. 🌞
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ETH to drop in the next 24 hours - bearish trend Following initial inflows on their first day of trading on Tuesday, the nine spot Ether exchange-traded funds (ETFs) have experienced outflows totaling $179 million over the subsequent two days.
The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust, AMEX:ETHE , which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, CRYPTOCAP:ETH , which has seen inflows of $119 million over the past three days.
BlackRock’s ETF, NASDAQ:ETHA , leads the inflow ranking with $355 million in inflows over the past three days.
The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market.
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BTC upside potential for the next 24 hours The Bitcoin Conference 2024, the largest world’s Bitcoin conference, kicks off in Nashville later today. Republican presidential candidate Donald Trump will be its keynote speaker on Saturday. There are rumors that he will announce that Bitcoin will be transformed into a strategic reserve asset.
Meanwhile, the organizer of the conference, Bitcoin Magazine, denied rumors that the Democrat presidential candidate Kamala Harris would be speaking. “No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her,” the CEO of Bitcoin Magazine David Bailey said.
“I gotta be honest, feels like Kamala should commute Ross Ulbricht’s sentence before addressing the Bitcoin community. That’s the tables stakes. Both Trump and RFK have promised to do that day 1,” Bailey said.
Ulbricht was sentenced to life in prison without the possibility of parole under the Obama administration in 2015 for creating and operating the darknet market website Silk Road. This website sold drugs and other illegal goods.
“All eyes on Trump now. Choice is simple really, Trump Pump or Biden Dump?,” Bailey added.
Bitcoin may reach $100,000 “very soon” on expectations that the Republicans will win the US presidential elections in November, the CEO of CSOP Asset Management Ding Chen told Bloomberg earlier this week.
The price of Bitcoin fell 2.5 percent to $64,190 over the past 24 hours, Trading View’s Bitcoin chart shows, while ATTMO forecasts strong sun for Bitcoin for the next 24 hours, indicating upside potential and a bullish trend.
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BTC 24-hour upside potential; downside over the 7-day horizonBitcoin reached a five-week high over the weekend supported by hopes of a Republican victory in November. These were slightly dashed on Sunday when the Democratic presidential candidate Joe Biden dropped out of the race, increasing the chances of a Democratic victory. A Republican victory is seen as much more favorable for the cryptosphere.
The SEC has extended its deadline for comments on the potential listing and trading of options on trusts or ETFs holding Bitcoin to between Sept 21 and Nov 20, the US regulator said.
The price of Bitcoin dropped 1.4 percent to $66,838 over the past 24 hours, Trading View’s Bitcoin chart shows. ATTMO forecasts a sunny day ahead for Bitcoin, indicating a potential upside, yet, drizzle within 3 days, extending to the next week, which could announce a bearish trend and downside for the biggest crypto.
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