Cryptolevels
WOO ANALYSIS📊 #WOO Analysis
✅As we can see that #WOO was consolidating in a small range but right now there is a breakout or major resistance level. We would see a good bullish movement in #WOO
👀Current Price: $0.2490
🚀 Target Price: $0.2880
⚡️What to do ?
👀Keep an eye on #WOO price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#WOO #Cryptocurrency #TechnicalAnalysis #DYOR
Possibly the best system I have ever come up with for BitcoinThis is for my wealth accumulation and it is not in any way financial advice. If you follow this and lose your shirt that's on you!
There is a cycle embedded into the Bitcoin space. We all know it and we all witness it.
The halving cycle is real and it is a feature not a bug.
For my sanity, I am sick of seeing people I know buying the FOMO tops and then selling on the way down to the bottom or holding through massive periods of drawdown. So I am not going to do that.
The system is simple.
Setup, wait for the next most likely top in the market before the next most likely drawdown period.
QT4 2013
QT4 2017
QT4 2021
QT4 2025 <-- Next possible top in the market
From October 2025 monitor the daily price action looking for a close below the 50-period SMA
When triggered Sell Everything.
QT1 2015
QT1 2019
QT1 2023
QT1 2027 <-- Next possible bottom in the market
From January 2027 monitor the daily price action looking for a close above the 50-period SMA
When triggered Buy Everything back.
USDT Dominance (USDT.D) Update. USDT Dominance has been trading in a clear descending channel for months, indicating a long-term bearish trend.
Price is currently testing the upper boundary of the channel, which has acted as strong resistance in previous attempts.
Around 4.40%, there is significant resistance formed by the descending channel's upper trendline.
A rejection here could lead to a continuation of the bearish momentum.
Immediate support lies near 4.00%, aligning with the midpoint of the channel.
If dominance continues to decline, the next major support zone is at 3.60%, with further downside potential to 3.20% and 2.80% if the bearish structure persists.
The green dashed lines suggest potential bearish movements if resistance holds, leading to a continuation toward the lower channel boundary.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
Litecoin, Shitecoin: An OpportunityAs much as I blast Litecoin, I think there's a trading opportunity here. Some other OG cryptocurrencies have gone up 5x recently - XLM and XRP, for instance. I don't mind this, because I actually think those coins are at least a little more viable as currencies than Bitcoin.
I'm keeping this short. Just taking advantage of volatility. A 40%+ pullback with the potential of a 200% move? I'll take it. Here to have fun, not here to question things right now.
Litecoin active addresses are stable around 300k, though having steadily moved up over the last couple of years from 200K. bitinfocharts.com
Bitcoin active addresses have climbed a bit recently up to 750K, after actually declining the last couple years. bitinfocharts.com
As crappy as price behavior has been for LTC over the years, I like its growth pattern to an extent.
It's important to keep in mind that while on a very slow long term uptrend, Litecoin has broken down out of its major long term uptrend (orange) This was why I had assumed more downside was to come.
Given that LTC tends to pump last in the cycle, I'm taking a gamble on this thing flying back into the long term uptrend. There's A LOT of resistance overhead, especially at the broken uptrend, near $150-160 currently. Here's the shorter term structure, with some bullish arrows drawn.
Taking out the recent low near $85 would be a bearish sign and could send price quickly back to $66 support.
Let's see what happens. If the market has already topped, oh well. Risking a neglegable amount here. R/R seems decent to me.
This meant for speculation and entertainment only.
-Victor Cobra
Xrp - The First Of Two Massive Breakouts!Xrp ( BITSTAMP:XRPUSD ) is still creating bullish structure:
Click chart above to see the detailed analysis👆🏻
Despite the overall crypto market weakness Xrp is still holding and even rejecting the lower support trendline of the symmetrical triangle pattern. Xrp also created another short term triangle within the long term triangle, so two major breakouts might happen pretty soon.
Levels to watch: $0.6, $1.0
Keep your long term vision,
Philip (BasicTrading)
BTC shorting oppertunityOn higher timeframe btc has retraced to almost 50%fibonachi and also accumulating and taking support of trendline ,also there is huge imbalance on the downside,
scenerio 1 (red line) it might go to the 95600 level to grab liquidity and also to balance the price
scenerio 2 (green line) it will accumulate little more then it will go 102150 level or higher
comment your view
ENA SWING LONG IDEAENA has been one of the best-performing altcoins in recent weeks. I strongly support their vision for the DeFi industry. Their backers include major institutions like BlackRock, which gives me additional confidence that this project will outperform many other altcoins in the upcoming altseason.
ENA recently hit a key horizontal support level as well as the HTF bullish trendline that has supported the bullish trend since the U.S. Election. While doing so, the price also swept the equal lows and triggered significant stop-loss orders. The strong reaction that followed created a massive 4H demand zone.
Currently, we are inside that bullish demand zone and ranging. I’ve received my confirmations, so I’ve entered a trade here.
It’s possible we may dip lower and retest the bullish trendline again, but it’s not guaranteed.
Targets:
$1.50 will be my first target.
If you prefer, you can consider taking partial profits at the ATH of $1.32.
Alikze »» DYDX | Ready to break the congestion🔍 Technical analysis: Ready to break the congestion - 1W
📣 BINANCE:DYDXUSDT is in a consolidation on the weekly timeframe.
🟢 In the previous uptrend, it moved to the neckline, after which it faced selling pressure.
🟢 At present, the recent correction could be a pullback to the swing, and in the green box area, it could meet demand, break out of the consolidation and continue its growth to the next supply area.
🟢 In the event of any pullback to the next supply area, the bullish rally could continue to the next supply area.
💎 In addition, any correction should not be sharp and abrupt, and if the correction appears as a multi-wave zigzag, it can continue its growth to the next supply area.
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Alikze.
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Bitcoin - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast: (Daily TF)
73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
A trough is formed in daily chart at 92424 on 12/23/2024, so more gains to resistance(s) 99607, 102700, 108293 and more heights is expected.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (94200 to 92231). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (94200)
Ending of entry zone (92231)
Take Profits:
99607
102700
108293
110000
115000
118281
120000
125000
130000
134468
__________________________________________________________________
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
BTC Trading Thesis SummaryObjective:
Action: Open Long Position
Current Price: $97,600.00
Take Profit (TP): $100,000.00
Stop Loss (SL): $96,500.00
Exit Point: $98,000.00
Confidence Level: 75%
Correlation with BTC: Neutral (0.00)
Trade Strategy:
Entry Point: Initiate a long position at $97,600.00, anticipating upward movement based on current market conditions.
Take Profit ($100,000.00): Targets a significant resistance level, representing strong bullish momentum.
Stop Loss ($96,500.00): Positioned to limit potential losses if the price declines.
Exit Point ($98,000.00): Aiming for partial profit-taking or reassessment of the position to secure gains.
Technical Analysis:
Moving Averages: Upward-trending 50-day and 200-day moving averages indicate sustained bullish momentum.
Relative Strength Index (RSI): Approaching overbought levels, signaling strong buying interest but cautioning against potential short-term pullbacks.
Volume Analysis: Increasing trading volumes on upward movements support the bullish trend and the 75% confidence level.
Risk Management:
Risk-Reward Ratio: Approximately 2.18:1, favoring potential gains over potential losses.
Position Sizing: Limit risk to a small percentage of the portfolio (e.g., 2%) to ensure manageable exposure.
Diversification: Maintain a diversified portfolio to mitigate overall risk.
Fundamental Catalysts:
Institutional Adoption: Growing interest and investment from institutional players enhance BTC’s legitimacy and demand.
Regulatory Developments: Favorable regulations can boost investor confidence, while adverse changes may pose challenges.
Technological Upgrades: Enhancements to the Bitcoin network, such as scalability and security improvements, support long-term value.
Macroeconomic Factors: Economic conditions and monetary policies influence BTC’s appeal as a hedge and alternative investment.
Potential Risks:
Market Volatility: High volatility may trigger stop losses or limit profit potential.
Regulatory Changes: Unfavorable regulations could negatively impact BTC’s price and adoption.
Technological Challenges: Network issues or security vulnerabilities could affect investor confidence.
Competitive Landscape: Emergence of new cryptocurrencies or advancements by competitors may threaten BTC’s dominance.
Conclusion:
Bitcoin presents a promising trading opportunity with a strategy to open a long position at $97,600.00, aiming to take profit at $100,000.00 and limit losses with a stop loss at $96,500.00. With a confidence level of 75%, supported by positive technical indicators and fundamental catalysts, this approach balances potential rewards with effective risk management. Continuous monitoring of market conditions and adjusting the strategy as needed will be essential to capitalize on BTC’s potential upward movement.