SHIB Can it recover or Is the Steam Already GoneI've been in my SHIB position for a while now. I am thinking price will be able to push higher if it is able to survive the onslaught of Central Bank Rate Hikes and the negative crypto news that have been coming out lately. There are things in work for SHIB, but it all comes down to if people what to get in the coin or not. For now, without the easy that was there back in 2021, it is difficult to say that SHIB can climb higher, even with things like the crypto burns and Shibrium (I think that's how you spell it). But here is how I am going at it. First I am ok with losing the money I placed on it. Which means that I don't have my whole life's savings on this coin and I am not doing that "Yolo" stuff. So I got my mindset in the correct path. I am look for price to push lower, to the 0.000008 lvl to purchase some more coin. I am thinking price might hit the 0.000005 and at this lvl, I'll purchase some additional coin. I am thinking people who are already in the coin are going to hold anyways since what else is to do, sell?? They have likely came to terms with, if the coin tanks, I already knew this was going to happen. Moving on, one I get into my final position, that's it. I just wait and see what price does. The coin will just need to last until 2024 and if it does, I think price will be able to start pushing higher and hit 0.00001 sometime in late 2024 or mid 2025.
Of course there are many other things that come into play that could affect the coin. One being the regulations that are attempting to be pushed out to deal with crypto. Then you got the geo political issues and whatever else is being cooked up across the globe. But I must say, if price does push higher, I'll be one happy camper, indeed. Y'all have a great trading year out there.
Cryptolevels
Rune/Usdt Update Runeusdt
On the daily time-frame :
1. There's a bearish pennant, which suggests the price might go down.
2. If we notice 1 or 2 red candles at this resistance point, it could create a double top pattern, indicating more potential for a drop.
3. Rising Wedge Pattern Also Bearisg
Overall, we might see the Rune price go down atleast 15-30% if it gets rejected. Remember, we should wait for confirmation of the rejection.
Best of luck!
Note : This is just an idea, do your own research before taking any decision
Happy trading 👑
If you are satisfied with our work kindly make sure to support us.
Excitement around OXTIts looking like we finally broke out a multi month descending wedge. Will we keep going up? I certainly don't have a crystal ball, but if the break-away plays out, we can see a good pump to about 10 cent levels followed by a continuation to higher levels. Lets see where it goes and how many people fear getting left behind. -- Lets have another FOMO event!
Dydx Still struggling DYDX/USDT
Timeframe: Daily
The price of DYDX is currently following a rising wedge pattern on the daily timeframe. I anticipate that the price might decrease by around 20-40% from this point. However, it's important to note that these are just my expectations, and we need to wait for confirmation before making any conclusions.
The initial sign to watch for is a rejection from the current level. If there's a rejection, our initial target will be the lower trendline of the wedge pattern. Furthermore, if the price breaks down below this pattern, it will provide even stronger confirmation that DYDX might encounter challenging times.
Please remember that this is just a suggestion. Before making any decisions, it's advisable to conduct your own research and analysis.
Best of luck,
If you find our analysis helpful, please consider showing your support.
Wishing you successful trading.
AVAX Forecast: Cloudy Week Ahead ☁️ - Bearish OutlookAlthough the global crypto market enjoys ☀️ sunny trading conditions with a few ☁️ scattered clouds in the next 24 hours, as predicted by ATTMO, some altcoins like AVAX may encounter more ☁️ clouds over the one-week horizon, implying a downside risk.
Follow us for more crypto weather reports!
MAGICUSDTMAGICUSDT is showing some good bullish momentum. As the price is still under bearish trendline but it seems like the price is at verge of breakout. Currently the price is getting strong support from previous broken level. If price close successfully above 0.8230 level, which is the breakout of declining trendline, you can trade it with buy stop.
BTC ☀️ – Bullish Potential; XRP, LTC Face ☔ Correction Ahead? Mixed trading conditions ahead on the global crypto market! The sun shines ☀️ over the two largest cryptocurrencies, Bitcoin and Ether, indicating a slightly bullish market with upside potential in the next 24 hours and for the week ahead.
Other altcoins face both rain ☔ and clouds ☁️ in the next 24 hours, signaling a slightly bearish or bearish market with downside risk. The downward trend is set to continue over the coming week for both Litecoin, Ripple’s XRP, and Polygon’s MATIC, while the trading conditions should improve for other coins such as Cardano and Dogecoin, edging higher. 🌥️
Follow us for more crypto weather insights!
BTC Sunny Upside 🌞 LTC, BNB Facing ☁️?Mixed conditions ahead on the global crypto market with XRP, Bitcoin, and Ethereum facing sun 🌞 in the next 24 hours and week ahead. This signals a slightly bullish market with upside potential.
However, Litecoin, Binance, and Dogecoin face clouds ☁️ in the next 24 hours, indicating a slightly bearish market with downside risk.
Over a one-week horizon, this negative trend should turn into a positive one as the sun returns and shines over these crypto coins. 🌤️
Follow us for more crypto weather reports!
Disclaimer
XRP 🌞 24-Hour Outlook; ☁️ for LTC, BNB, & DOGE?Mixed conditions ahead on the global crypto market with XRP, Bitcoin, and Ethereum facing sun 🌞 in the next 24 hours and week ahead. This signals a slightly bullish market with upside potential.
However, Litecoin, Binance, and Dogecoin face clouds ☁️ in the next 24 hours, indicating a slightly bearish market with downside risk.
Over a one-week horizon, this negative trend should turn into a positive one as the sun returns and shines over these crypto coins. 🌤️
Follow us for more crypto weather reports!
BTC, ETH, Alts ⛅ 24-Hour OutlookSunny trading conditions with a few scattered clouds ⛅ prevail on the global crypto market in the next hours and days, signaling a slightly bullish market with upside potential. Cryptos rebound following Tuesday’s sell-off.
Bitcoin rises 2.3%, and Ethereum puts on 1.1% in the past 24 hours. The price of Bitcoin fell below the psychological $29,000 threshold due to the SEC lawsuit against a crypto entrepreneur and the dollar's strength ahead of US macro data release. Litecoin halving looms later today, diminishing the coin's mining reward. 🚀💰
Follow us for more crypto weather reports!
Crypto Market in 24 Hours: Bright Outlook ⛅, LTC Halving LoomSunny trading conditions with a few scattered clouds ⛅ prevail on the global crypto market in the next hours and days, signaling a slightly bullish market with upside potential. Cryptos rebound following Tuesday’s sell-off.
Bitcoin rises 2.3%, and Ethereum puts on 1.1% in the past 24 hours. The price of Bitcoin fell below the psychological $29,000 threshold due to the SEC lawsuit against a crypto entrepreneur and the dollar's strength ahead of US macro data release. Litecoin halving looms later today, diminishing the coin's mining reward. 🚀💰
Follow us for more crypto weather reports!
BTC 24-Hour Outlook 🌤️ ETH, Alts? 🤔Sun with some scattered clouds lies ahead for the global crypto market 🌤️ , including Bitcoin and Ethereum. This means that a slightly bullish market with upside potential is likely in the next 24 hours and over a one-week horizon. 🚀📈
Follow us for more crypto weather reports!
Touched Important Level & Patterns Remain BullishTraders,
Just a quick little update here. I pointed out this bullish triangle in a previous post. I had suspected we had one more small drop to 28,500-28,800 before any sort of breakout OR breakdown. So far, neither of the latter has occurred yet, but we have hit my support marked price level. That's great. Also positive is that we remain above this support and inside a bullish patterns both on the price and RSI chart. We will soon exit in one direction or another, however, probability suggest a move to the upside.
Also positive is that our SPY chart remains in the breakout area. Until this changes, I don't grow concerned but remain bullishly biased.
A few negatives to consider:
* We have not retested that descending trendline from Dec. '21. Though, we don't have to, it is a movement that usually occurs. The question then becomes, "When?" One possibility is a break to the upside of my triangle, a hit of that 31,600 level, and then a drop. If this occurs, an "M" pattern will have formed which would likely lead us down for that retest.
* Another item to always keep in the back of your head is that we do have a gap on the Bitcoin CME Futures chart from the 10th of March 2023 at around 20k. Sooner or later more than 90% of all gaps are filled. If we stay above my neckline at 25,200, I don't expect that GAP to be filled this year. If we drop below it however, all bets are off.
Watch these items closely or better yet, stay tuned into my channel and I'll try to update you as best as possible.
Best,
Stew
ETH ☀️ Ahead; What's In Store for BTC? Sun with some scattered clouds lies ahead for the global crypto market 🌤️ , including Ethereum and Bitcoin. This means that a slightly bullish market with upside potential is likely in the next 24 hours and over a one-week horizon. 🚀📈
Follow us for more crypto weather reports!
BITCOIN - BEARISH TRIPLE TOP📉Hi Traders👋🏻
On The Daily Time Frame The BTCUSD Price Reached A Strong Resistance Level (32383.96-31050.00) !
Currently, The Price Formed a Triple Top Pattern📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
-----------
TARGET: 28550.00🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
BTC: TARGET 32800 Still activeAs of now, BTC has not surpassed the breakdown point. The level of wall protection has increased by K26.7, indicating a strong defense. As long as BTC maintains this target, it remains in a positive uptrend.
BTC can sometimes play with psychology. We experienced a similar situation in the past, where BTC lingered around the 30K level. The brief rise to FWB:31K and subsequent drop to $30K might have seemed like a breakdown trend, but in reality, BTC is still stable in its main trend. There is a good chance of a breakout in the new time frames, potentially reaching $32.8K
XRP, LTC ☁️ Ahead? Both Ripple’s XRP and Litecoin face some clouds ☁️ in the next 24 hours, indicating a downside risk, which should diminish thereafter. ☔🌈
Yet, according to ATTMO, sunny trading conditions ☀️ will prevail over the global crypto market in the coming hours and days. This means that a slightly bullish market with upside potential is likely.
Follow us for more crypto weather reports!
🌞 Crypto Outlook with ☁️ for XRP and LTC? Sunny trading conditions ☀️ to prevail over the global crypto market in the coming hours and days, according to ATTMO. This means that a slightly bullish market with upside potential is likely.
Both Ripple’s XRP and Litecoin face some clouds ☁️ in the next 24 hours, indicating a downside risk, which should diminish thereafter. ☔🌈
Follow us for more crypto weather reports!
Bitcoin Weekly UpdateTraders,
These lower prices have been causing some anxiety among traders. Is Bitcoin about to drop even lower? Could it even fill that BTC CME Futures gap at 20k? Well, as you know, anything is possible. But we’re about trying out best to find price movement with the greatest probability. And so, that is what I’d like to look at today.
First off, let’s rule out that 20k possibility rn. The biggest reason that I’d like to do so is because we just have far too much strong support underneath our current price on many levels. For one, we have not even broken below the orange area. Previous resistance has now become strong support. Then, underneath that, we have that rising red channel that coincides somewhat with our 200 day moving average. And finally, below that, at 25,300 my neckline from a huge cup and handle pattern which we have already re-tested. If we would somehow break below this level, 20k would definitely be in the cards. Right now however, it is the most unlikely scenario.
Okay. Let’s talk about the positives:
Still above the orange area
BTC in a bullish triangle
RSI confirms with a bull flag
And, as stated already, tons of support on the underside of us now
The most likely scenario really becomes that another move up is coming soon within a week or two. We have reached resistance at the top of that bull triangle and so it is likely that we may not break out of it immediately. Thus, we could drop another $500+ to anywhere from 28.3k to 28.8k at which point my best guess is that we’ll finally reverse from this point.
Another chart we should be tracking is the SPY chart (below). A move below 450 could indicate the bulls have become exhausted and we’ll collapse back down into our channel or below. Bitcoin would likely mimic price action and follow stocks down. So, keep at least this chart in your sites as well.
Best in all your trades! Until next time.
Stew
MKR : UPCOMING TRENDthe upcoming trend for MKR what could make it able to gain up $800 coming time.
Technical view shows the possibility for a new increase by MKR.
Low time frame MKR needs to hold the $600 USD price action to be able to play in a stable trend that could change into a new increase view.
If MKR can hold the $600 within the time frame then we could meet in the coming time the target of $800
MKR is at this moment one of the interesting coins that could show an increased view.
Bitcoin (BTCUSD): Important Zone to Watch ₿
Bitcoin violated an important horizontal daily demand zone this week.
The broken structure turned into a supply area.
The price is currently testing the broken structure.
Analyzing the intraday price action, I spotted a bearish flag pattern.
I believe that a further decline will initiate after a breakout of the support of the flag.
4H candle close below that will confirm a violation.
A bearish continuation will be expected then at least to 29000.
❤️Please, support my work with like, thank you!❤️