BTC, ETH ☁️ XRP, BNB Poised for Growth? 🚀🤔The global crypto market is experiencing a mix of cloudy and sunny weather ☁️☀️. While Bitcoin and Ethereum face some clouds and downside risks, a tropical climate 🌴🌡️ is predicted for Binance Coin and Ripple , indicating very bullish weather conditions with upside potential.
Over a one-week horizon, ATTMO data shows a slightly bullish market with upside potential for both Bitcoin and Ethereum , as well as smaller ones which could benefit from this bullish mood.
Dogecoin is expected to face stormy weather ⛈️ ahead, signaling a drawn-out bear market. But there's still hope, as an imminent market rebound is possible over the next week.
Follow us and stay tuned for more crypto weather updates with ATTMO! 🌈⛅️☔
Cryptolevels
Ethereum -> BoooomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting and already rejecting a quite obvious previous weekly structure area at the $1900 level.
You can also see that weekly market structure is overall massively bullish, moving averages are also pointing towards more upside potential so I am now just waiting for any retracement before I then do expect a retest of the next resistance level at the $2400 area.
On the daily timeframe you can see that over the past couple of days Ethereum actually created a bullish double bottom and with today's candle Ethereum is perfectly breaking above the neckline at the $1930 level, so I am now just waiting for a retest of the neckline before I then do expect more upside continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
XRP, BNB Upside Potential 🌴🌡️ What About BTC, ETH ? 🤔Today's global crypto market is showing signs of a slightly bullish market with significant upside potential. 🌤️🐂 In particular, Ripple and Binance Coin are facing tropical 🌴🌡️ weather conditions, indicating a very bullish market with significant upside over the next 24 hours.📈
Over the one-week horizon, ATTMO expects market conditions to remain consistent for both major cryptocurrencies, Bitcoin and Ethereum , with slightly bullish conditions persisting, offering considerable upside potential. Additionally, ATTMO's data shows an imminent market rebound for Dogecoin in about a week's time. 🐕
Fakeout at 28,500$ Daily level? 😼 Setup : FakeoutLooking for a bounce back up for a retest of 28,500 before returning to the downside. We haev 2 days left in this Weekly Candle. I can see the weekly candle closing below 28,500. If we do this, we can anticipate a top wick retest on the next weekly candle back around 28 to 28,500 Area where we will look for short setups. I think we became a bit over extended here for the bulls. There are popular posts talking about taking more buys. This did not play out and price is ruthlessly coming back down taking out buyers from previous few weeks who have held the bag. I'm anticipating a bounce but a deadcat bounce for more shorts.
BTC, ETH, LTC-Upside potential 🌤️XRP, BNB-Bullish☀️ DOGE-???🤔A slightly bullish market with upside potential is expected for Bitcoin, Ethereum, and Litecoin over the next 24 hours, with sun and some clouds🌤️, according to ATTMO, a weather-inspired AI tool with cryptocurrency predictions. Ripple and Binance Coin , on the other hand, will experience tropical weather 🏝️ today, indicating a very bullish market with some upside potential.
Over a one-week horizon, cloudy weather ☁️ with some sun is expected for both major cryptocurrencies, Bitcoin and Ethereum , which could result in a slightly bearish market with downside risk. As for Dogecoin , it faces stormy weather ⛈️ ahead, which may signal a drawn-out bear market with a possible market rebound in the near future.
Don't forget to check out ATTMO for more cryptocurrency weather insights! ☀️💰
Bitcoin 1 Hour: Exact Same DownslopeBitcoin's one-hour trend is showing the exact same downslope (degrees change with chart resolution, but the relative lines stay the same) as the chart demonstrated mid-April. This may indicate more trying times to come, at least in the short term.
The make-or-break is still $27250. A fall below that critical support level might trigger a more prolonged downtrend. One the other hand, a run above $30000 is still the zone where I will enter longs.
Happy Wednesday & happy trading!
wbburgin
Stx Breaking Falling Wedge Stxusdt
Based on my analysis of the Stx chart in the 4-hour timeframe, I have identified a bullish chart pattern known as a "Falling Wedge". This pattern is characterized by a series of lower highs and lower lows that converge into a point, forming a wedge-like shape that slopes downwards. The pattern is usually followed by a breakout to the upside, which could potentially lead to a significant price move.
Currently, Stx is trading within the Falling Wedge pattern, and it appears to be approaching a key resistance level that could trigger a bullish breakout. If the price manages to break above this resistance level and close above it, it would be a strong indication that the bulls have taken control of the market.
Assuming that the breakout is successful, I would expect the price of Stx to move towards the HKEX:1 level, which is a significant psychological resistance level. This level has not been tested since 2018, and if the price manages to break above it, it could trigger a new wave of buying that could potentially push the price even higher.
However, it's important to note that trading is always subject to market volatility and unexpected price movements, so there is always a risk involved in any trade. Therefore, it's crucial to set stop-loss orders to minimize potential losses and to have a solid risk management strategy in place. Additionally, it's essential to keep an eye on any news or events that could affect the price of Stx, such as new partnerships or regulatory changes.
Sell Bitcoin in May and Walk Away?'Sell in May and walk away' - does it apply to #Bitcoin? Historically, selling in May results in missing out on gains. However, a simple strategy that buys COINBASE:BTCUSD in Oct and sells in May is profitable 60% of the time, with a net profit of 4.15%.
The strategy's effectiveness depends on the current market cycle. Selling in May misses gains in a recovering market, but helps avoid losses in a bear market. So, is Bitcoin in a bear market now? Evidence suggests not.
Adjusting the strategy to sell in May only if in a downtrend results in lower net profit, but allows for capturing larger trends. Currently, Bitcoin is trading above the 200-period Simple Moving Average, with a significant low & growing on-chain fundamentals.
Based on the strategy, selling in May 2023 may lead to missing out on summer gains. From a technical perspective, Bitcoin is in an uptrend since the beginning of the year. Resistance at $30K, support at $26K. Long break of $30K targeting 35-$37K.
Daily Baseline support at $24K; as long as price is above, market is bullish. A Head & Shoulders pattern is forming, projecting a downside target of 23,171. A similar scenario in March rallied to new yearly highs.
For Bitcoin investors: Hold BTC, avoid Ethereum (Bitcoin outperforming). To hedge, short all or part of BTC in the current range. If Bitcoin breaks $30K, unhedge to catch the breakout. Hold short to 23K, then re-evaluate.
In summary, while the "Sell in May" strategy can be profitable, its effectiveness depends on the market cycle. Currently, it may not be the best approach for Bitcoin. Instead, consider holding and hedging to maximize potential gains.
Will the floor hold as volume decreases and reality sets in -> ₿We have 2 Bearish Daily Candle closures back to back to end off the Weekly Candle. The Weekly Candle is closing Bullish. With a top wick. The Top wick is currently -3.18%. The candle body for the weekly candle is +5.5%. 2 Weekly Candles are now closing below 30K Weekly Level that was created during May 22'. Anticipating a correction to previous Daily Candle Low at 29,058. Next stop may be 28.8K 1Hr level. Price is currently sitting at a 4Hr level 29,150$. Considering the timing, The Weekend, Asian Trading Session, a New Daily Candle. These are some confluences I'm considering for a short term correction on Bitcoin ₿
Bitcoin Bulls Still Struggling!Traders,
Will this week or next become the moment when BTC bulls take a break and allow the bears to have their neckline retest? We will find out soon. Let's take a look at my chart to explain what must occur. There is one critical level that BTC must remain on top of if these bulls are going to continue this run. Can you spot it?
Before I get to what is key for BTC, let's talk about some of the other things happening on the chart here.
First, you will notice that black descending trend line. I drew that a couple of weeks ago in anticipation that new pivot highs would not be able to recapture previous pivot hit territory, let alone run higher, before a pullback to our C&H neckline. This, so far, has ended up to be the market's correct trend, descending. April 26 and 27 wick highs simply ended up becoming lower highs, confirming suspected descent. This descent continues today and nothing that I have been predicting for the last 4 (going on 5) weeks now has changed. I am, at this point, still expecting a retest of the C&H neckline at 25,300. If this does not occur now, it will occur later. And that scenario will wreck crypto market bulls completely. I'd much rather see this retest occur sooner than later. And, from a technical perspective, this would indicate lots of future strength and bullish price action to come.
But, if we are not going to retest the neckline soon, then there are a few things that I am looking to occur for the bulls to prove to us that they have the strength to take us up to that 36-40k target first.
#1. We have to stay above that 50 day ma. A break below would be further confirmation of that neckline retest.
#2. We have to either break above that descending black trend line AND/OR form a new pivot high on the daily beating the April 26/27 pivot high. This would simply be an early indicator that the bulls are targeting that 30k resistance again. Although, it's a positive sign for the bulls to be sure, they still must beat and confirm 30k. And until they do so, my neckline retest theory remains in tact.
#3. So, number three then, is a move above 30k with confirmation the daily. We must see at least one more, but preferably two, additional candles in succession opening and closing above 30k. That would be our indication that 36-40k is now in the cards.
In conclusion, I still believe that 36-40k target will be reached before the end of the year. But my hope is that we can reach that target with healthy market price movement prior to achieving that target. Healthy target price movement constitutes a drawback and touch of that 25,300 level before further ascension and currently that thesis is still being support by current market price action.
Best in all your trades,
Stew
BTC: BULLMARKET VIEW Currently, it appears that BTC is still experiencing an upward trend. However, it is crucial for BTC to maintain its value above 23K in order to sustain this upward trend.
Based on the chart analysis, it seems that we are nearing the beginning of a bull market for BTC, which could potentially result in higher volume coming time.
The chart also shows that if BTC is able to maintain its value above 23K, there is a high probability that it will experience a breakout in the coming time. Furthermore, many other cryptocurrencies can follow this trend.
Bitcoin -> Time For The Next RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Bitcoin is actually approaching a quite obvious previous weekly support zone which is now turned resistance exactly at the HKEX:32 ,000 level.
However you can also see that weekly market structure is still bullish, moving averages are bullish and in my opinion we already created the bottom of the bear market, so I am now just waiting for a deeper push into the HKEX:32 ,000 resistance before I then do expect a short term rejection towards the downside.
On the daily timeframe you can see that we are back to bullish market structure on Bitcoin, we also broke above a previous daily resistance at the HKEX:29 ,000 area so I am now just waiting for a retest of this previous structure and then I do expect a next short term rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
$FLOKIUSDT Super Duper Supernova! 🌙⭐️💫🌟✨FLOKI (FLOKI) price has declined today.
The price of FLOKI (FLOKI) is $0.00003564 today with a 24-hour trading volume of $15,876,463. This represents a -0.65% price decline in the last 24 hours and a 27.56% price increase in the past 7 days. With a circulating supply of 9.8 Trillion FLOKI, FLOKI is valued at a market cap of $349,078,463.
Where can you buy FLOKI?
FLOKI tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade FLOKI is BKEX, where the most active trading pair FLOKI/USDT has a trading volume of HKEX:1 ,582,882 in the last 24 hours. Other popular options include BingX and Bitget.
What is the daily trading volume of FLOKI (FLOKI)?
The trading volume of FLOKI (FLOKI) is $15,872,522 in the last 24 hours, representing a -24.50% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for FLOKI (FLOKI)?
The highest price paid for FLOKI (FLOKI) is $0.00033651, which was recorded on Nov 04, 2021 (over 1 year). Comparatively, the current price is -89.38% lower than the all-time high price.
What is the all-time low for FLOKI (FLOKI)?
The lowest price paid for FLOKI (FLOKI) is $0.000000084280, which was recorded on Jul 06, 2021 (almost 2 years). Comparatively, the current price is 42,320.13% higher than the all-time low price.
What is the market cap of FLOKI (FLOKI)?
Market capitalization of FLOKI (FLOKI) is $349,078,463 and is ranked #118 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FLOKI tokens (9.8 Trillion tokens are tradable on the market today).
Ethereum -> Wait For The BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum just recenly broke above a major previous weekly support/resistance area exactly at the HKEX:1900 level which is now turned strong support.
You can also see that weekly market structure and also weekly moving averages are bullish and therefore pointing towards more upside potential, so I am now just waiting for some bullish rejection at the zone before I then do expect a next weekl rally towards the upside.
On the daily timeframe however you can see that we have the potential to actually create a regular head a shoulders, generally speaking a bearish pattern, so I am now just waiting for some bullish market structure before I then also do expect a next bullish impulse on the daily timeframe.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Lqty Falling Wedge Breakout And Retest Lqtyusdt
LQTUSDT is showing signs of a confirmed falling wedge breakout with the retest phase almost complete. The retest is an important stage where the price tests the breakout level to ensure it is strong enough to continue the bullish momentum. As the retest phase is almost complete, it is likely that the bulls will take control of the market and a 30-50% bullish move can be expected in the short term.
However, traders are recommended to conduct their own research before making any trading decisions. This includes analyzing charts, looking at technical indicators, and scrutinizing market news and developments. It is also crucial to always manage risk effectively by setting stop-loss orders and exiting trades at the right time.
In conclusion, LQTUSDT is currently displaying an attractive short-term bullish outlook with the falling wedge breakout and retest stages hinting at a possible 30-50% price rally. But it is always wise to do thorough research and manage risk prudently to mitigate any potential losses.