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Cryptolevels

BTC, When should we expect reversal? FA: The majority of crypto market participants are currently in a depressed mood regarding the medium-term future of the crypto market as a whole. Such behavior of the crowd says first of all that weak hands are not ready to buy now, and the sawtooth movement, which started since March and has lasted for more than 6 months, puts even experienced participants in a stupor, forcing them to close speculative positions, dump risky assets and expect a further decline comparable to the collapse in the spring of 2020. However, a deeper look reveals several significant trends: A drop in the influx of new bitcoins to exchanges. Since the beginning of the year, the number of new coins entering exchanges has been declining. This indicates that professional investors prefer to keep their assets in their wallets, which means they are not preparing to sell. This factor is traditionally considered to be a bullish sign, as a decrease in supply on exchanges may contribute to price growth in case of renewed buying activity. Increased outflow of bitcoins from exchanges. This sign is also positive and confirms the narrative of asset accumulation by smart capital. It can be seen especially well at the moment of price drawdown: during and after aggressive shakeouts, a surge in coin outflows is clearly visible. Despite the globally passive sentiment, the fundamentals of exchange inflow/outflow suggest that strong hands continue to accumulate while the crowd is perplexed by what is happening. Reduced supply on the exchanges and increased demand from large holdings are creating all the conditions for future price gains, our idea is that the market has been in a reaccumulative phase for the past six months. From a technical analysis standpoint , I anticipate a continued downside for BTC. Two potential scenarios may unfold: 1 - Retest of the 4-hour Order Block (OB): BTC could test the 52,000-54,000 range, followed by a gradual reversal, suggesting a more measured recovery. 2 - Retest of the Weekly Fair Value Gap (FVG): Alternatively, BTC may drop to the 47,300-44,000 zone, which could trigger a sharp "V-shaped" reversal with aggressive momentum driving the price higher, potentially towards new all-time highs (ATH). In either case, monitoring key support and resistance levels within these zones will be critical.
Short
by Almenio
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. 🌧 Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
Trade Setup: NEAR Long Position (Range Support Test)Market Context: NEAR is testing the bottom of the range level of support, providing a favorable opportunity for a long trade. Trade Setup: Entry: Long spot position at $3.50 - $3.80 support level. Take Profit: First target: $4.30 Second target: $5.00 - $5.40 Final target: $6.00 - $6.50 Stop Loss: Just below $3.40 📊 This setup aims to leverage the support level for potential upside, with clearly defined profit targets and a tight stop loss to manage risk effectively. #NEAR #CryptoTrading #SupportLevel
Long
by Richtv_official
BITCOIN in trouble? check this out first... There is no doubt that Bitcoin is in a downward trending channel. As you can see in this analysis, Bitcoin has been in a bearish sequence since the highest point (#1), bouncing within the channel until it was rejected at point #5, which did not break through our green confirmation zone and instead dropped to the purple inefficiency zone. If you look closely, the purple inefficiency zone has shown significant strength for months (since April). It's a crucial area because when the price reaches it, there is a strong volume and buying pressure. There are only two possible moves the price could make this week: Move 1: The price could stay in our purple inefficiency zone and consolidate, accumulating for its next bullish trend. Note: Point #5 was a total rejection and decided to disrupt the sequence that Bitcoin had from point #1. Move 2: The price could simply respect a large-scale supply and demand zone, in which case we might see the price continue to drop, allowing it to enter a demand zone and then take off into a bullish market. What will happen? We really don't know, but what we can conclude from this postis that since the beginning of this analysis several weeks ago, the price has moved in our favor just by using basic price action concepts.I am very satisfied with this analysis, and I'm glad you were able to benefit from it, if you have been following this analysis closely, The price has been moving according to our prediction, And whenever I see these kinds of charts or analyses, I remember the words my mentor used to tell me: always remember that the price action is always right. I sincerely appreciate your trust and support in my study. I send you a warm greeting, and always stay alert for the next move. -RM
COINBASE:BTCUSD
by RocketMike111
RUNE - BIG GAIN (BIG PICTURE)Dear friends, I will show another coin next to the LINK where I see Elliot wave expressed.. For LINKCHAIN, you have an analysis below this post.. First I would like to show my old projections related to RUNE and the exact take profit and return to DCA on it.. Here is a projection of profit taking.. and an accurately expressed mass jump of the first wave.. Then marked zones for returning to the market. Now that all that has happened, I have scenario A and B. The first scenario is that the bottom is behind us and that the first purchase is an excellent decision, on the other hand, we also have plan B because there is great resistance at $5. If the price does not show strength, the last buying target would be 2.2. Below that there is a very large volume and below that the door opens for a big risk (FOR NOW I'M VERY BULLISH) The first target will be scalar from $30 and on. This will all happen only if BTC manages to break the ATH
Long
by learnfromfailure
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. Follow us for more crypto news and weather reports!
Long
by ATTMO
1
$DADDY forecast (part 1) “LateAtNight on bed looking at charts”"IF" $DADDY is really going to the moon we can expect something like this. > More than likely we can expect the daily low getting cooked with a wick, but no body closure. (0.04831) > After the low gets cooked price can trade back into the previous range. (Yes, "can"we don't assume or hope; we trade what we see, not what we think. Based on this being a HTF long-term forecast, anything is possible. I am charting what I see as likely to occur when price approaches these areas.) (These price tags indicate my personal expectations for possible turn arounds/ targets in price.) > We want to see price close above the daily fractal high, located at (0.07449) for a potential pullback and then continuation to the upside. > (0.16529) can have a larger pullback than what l drew, but I can rather see a smaller pullback to then head to the (0.19585) area and then for price to push back to the (0.12458) “area” and then trade higher. (note: price can go a little bit lower than (0.12458) before trading higher back to those highs, to eventually violate them. - ChartMarkup done on mobile phone. August 22nd, 2024
by ChiProactive
1
THE BREAK OF NEIROETH - NEIRONEIRO/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin. NEIRO has the possibility to break.
Long
by SatochiTrader
3