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Cryptolong

$BTC History Repeating?As shown in the chart, the current crypto revival and bitcoin run shows many similarities to the massive growth of 2020-2021. It has consistently been overbought on most MACD/RSI-style indicators, and in both scenarios CRYPTOCAP:BTC forged a new all-time high with very few red days. Bitcoin has currently broken down the local support, and on smaller time-frames has formed a head and shoulders pattern: These similarities could indicate a pullback similar to the one in 2021, in the ABC elliot wave pattern, and potentially to a significant fib level. I am expecting a short push to the upside before a larger push to the downside into the $60k price range, which also happens to be the 50% retracement. This is just my opinion however, and I could be completely wrong. Good luck!
Short
by Investor4321
BTCUSDT, ICT Long setup, Daytrade scalpingAre you looking for a profitable trade in the forex market? You’ve come to the right place! We have done the hard work for you and found a great opportunity to Long BTCUSDT. According to our analysis, BTCUSDT is in a downtrend on the 4H and higher timeframes, but there is a chance for a reversal soon. The price has broken below the key level of 39841 and we are expecting it to retest this level as Suppor area (see the Demand zone on the chart). If the price bounced from this level, we can enter a Long trade and target 40000 to 40250 as TP range. This would give us a nice profit of 350 points. We have also marked the other take profit levels and the stop loss on the chart for your convenience. 💰💰💰 We hope this helps you make a smart decision. But don’t forget, trading is risky and you should always do your own due diligence before placing any trades. We wish you all the best! 🍀🍀🍀
Long
by ICT_Trader_SB
Bitcoin Elapsed Time Between Events ChartI am once again publishing this Bitcoin chart (3-day time frame) showing the entire price history, and just how closely the last two cycles matched as far as the elapsed time between events. The reason for publishing it again is that I have added another event (when a new all-time high was hit). I then measured the elapsed time from each bear market bottom to when a new all-time high was hit. Once again, I was amazed how close these measurements were to each other for the last two cycles. Obviously, this isn't a massive discovery, but I find the consistency very interesting. It will also be interesting to see if the elapsed times for this market cycle once again come close to the last two market cycles. Before continuing I want to say that Bitcoin’s very first market cycle was much shorter than the last two market cycles. So, it is possible that the fact that the last two matched so closely was just a fluke. Anyway, I will be watching closely to see how this market cycle plays out. So far, the elapsed time from the bear market bottom on November 21st, 2022, to the halving which is estimated to take place in late April 2024 (approximately 512 days) should be very close to the last two cycles. Bitcoin Market Cycle #2 vs #3 Cycle #2 - Bear market bottom to halving = 542 days Cycle #3 - Bear market bottom to halving = 513 days Cycle #4 - Bear market bottom to halving = estimated = 512 days Cycle #2 - Halving to Bull market peak = 526 days Cycle #3 - Halving to Bull market peak = 548 days Cycle #2 - Bull market peak to bear market bottom = 363 days Cycle #3 - Bull market peak to bear market bottom= 376 days Cycle #2 - Bear market bottom to a new all-time high = 723 days Cycle #3 - Bear market bottom to a new all-time high = 717 days Market cycle #2 total duration (bottom to bottom) = 1431 days Market cycle #3 total duration (bottom to bottom) = 1437 days Just for fun I want to use this data to estimate when a new all-time high might be hit for this current market cycle. What I will do is split the difference between cycle #2 (723 days) and cycle #3 (717 days) which would give me 720 days. So, if I project out 720 days from the bear market bottom on November 21st, 2022, I get the date November 9th, 2024. Obviously, I wouldn't expect it to hit the exact date but I would watch for a new all-time high sometime in October or November of next year. Of course this could all be meaningless and Bitcoin could hit a new all-time high much sooner. Like I said this is more just for fun. If we wanted to take it a step further and try to calculate when this current market cycle might peak we cold add the elapsed times from cycle #2 (Bottom to peak = 1068 days), and Cycle #3 (Bottom to peak = 1061 days). So if we split the difference we would get 1065 days. So, if I project out 1065 days from the bear market bottom on November 21st, 2022, I get the date October 20th, 2025 for the peak of this market cycle. Most likely this is all meaningless but looking at the past price history of Bitcoin the bottoms and tops do tend to occur primarily in November and December. So this might not be far off unless this market cycle is much different than the last two. As I said earlier, I will be watching to see hoe this current market cycle plays out and how it compares to the last two cycle.
BNC:BLXLong
by Bigsky_Crypto
2
[LONG] TokenFi's "Token" Cryptocurrency Tokenizing assetsFrom the makers of "Floki" cryptocurrency comes Tokenfi. Tokenizing assets on the blockchain. Currently Floki has a 335 Million dollar market cap. All that money can easily be transferred to Tokenfi's Token and that is what is currently happening. They are using that money to pump Tokenfi. TokenFi's Token cryptocurrency (TOKEN) is a native token for the TokenFi platform, a crypto and asset tokenization platform that aims to capitalize on the trillion-dollar tokenization industry. TokenFi was launched on October 31, 2023. TokenFi allows users to launch any cryptocurrency without writing code. Users can then raise funds from the Floki community, connect with exchanges and market makers for liquidity, and float tokens tied to real-world assets that are not deemed securities. TOKEN is used for a variety of purposes on the TokenFi platform, including: Paying for fees associated with launching and managing tokens Staking to earn rewards and participate in governance Voting on proposals related to the TokenFi platform Accessing exclusive features and benefits TOKEN is a relatively new cryptocurrency, but it has already gained some traction in the market. It is currently trading on several major exchanges, including Uniswap and PancakeSwap. Raised over $500,000 in its initial launch Staked by users to earn rewards and participate in governance Used to vote on proposals related to the TokenFi platform Provided access to exclusive features and benefits for holders TokenFi's Token cryptocurrency has had a successful launch and is well-positioned to grow in popularity as the tokenization industry continues to develop.
UNISWAP:TOKENWETH_C7E6B6.USDLong
by Henrywaters
1
XRP : Bullish Momentum Signals Potential Upside Breakout This technical analysis of XRP reveals a notable triangle pattern consolidation from October 24 to October 27, culminating in a strong breakthrough on October 27. Despite a brief drop to $0.5238, subsequent rapid gains to $0.5459 suggest potential bullish distribution and positive momentum. The analysis provides trade parameters, including a target of $0.623 and a conservative stop-loss at $0.5282. Market participants are advised to monitor trading volume for confirmation of the bullish trend, with a disclaimer highlighting the inherent risks of cryptocurrency trading. Technical Analysis: - Triangle Pattern: The consolidation period from October 24 to October 27 formed a triangle pattern, providing a strong foundation for the subsequent price movement. - Strong Breakthrough: At the candle closing on October 27, XRP fell to $ 0.5329 then breached $0.5238 with strong momentum, indicating potential strengthening. Interpretation: - Manipulative Price Action: The brief price drop to $0.5238 likely resulted from market accumulation and manipulation. However, the rapid subsequent increase serves as a positive signal. - Bullish Distribution: The rise to $0.5459 a few hours later suggests potential bullish distribution, where market participants prepare for further price escalation. Trade Parameters: - Target: With the closure above $0.5238 and positive follow-through to $0.5459, the potential upside for XRP is anticipated to reach the $0.623 level. - Stop Loss: To manage risks effectively, a conservative stop-loss order can be placed at $0.5282, just below the support level. Outlook: Market participants should monitor whether this upward movement is accompanied by strong trading volume to validate the bullish trend. Disclaimer: Cryptocurrency trading involves high risks, and this analysis is for reference only. Be sure to conduct research and consider other factors before making investment decisions.
Long
by fardycurry
Crypto Growth: Inverse Head and Shoulders PatternsBullish Signals for BTC and ETH: Inverse Head and Shoulders Patterns Emerge with Promising Targets" Bitcoin (BTC) is showing positive signs today, as an inverse head and shoulders pattern emerges. The successful rebound from the 29,500 USD resistance level indicates a robust pattern in full swing, with a technical target set at approximately 30,630 USD. Excitingly, Ethereum (ETH) is also revealing a similar pattern on its chart, suggesting a potential boost for ETH in the short term. This bullish setup indicates favorable price movements for both BTC and ETH, presenting enticing opportunities for traders and investors. The target for the inverse head and shoulders pattern in ETH is expected to be around the 1954 mark. Moreover, the total crypto market cap is also exhibiting a similar setup and appears to be heading towards 1.2 trillion USD. The overall market sentiment remains optimistic, adding to the excitement and potential for further gains.
CRYPTOCAP:TOTALLong
by VanRojasCapital
Bitcoin's bull-run not over yetBINANCE:BTCUSDT • The perfect trap for more shorters to hop in for 'the bigger drop towards 25K to fill the daily gap'. Little do they know that it has already been filled from the previous days when it tapped into the 26Ks and pushed beyond 28K. • Therefore, Bitcoin's maximum drop will not go below 26K. • Bitcoin's current 'dump' is not a dump, as the asset's price has changed apx. (12.5%) which is an average price change for the so-called 'price correction'. • Bitcoin correcting meaning it will be giving more opportunities to go further up (long). • Bitcoin, for now, will aim for the 29\30K gap. • Potential highs: 32\33K for last year's daily/weekly/monthly gap. If broken: 40Ks which is going to be the major big timeframe Fibonacci premium zone.
Long
by opkl14
$BTC 56,128-58,000 --> 26,525-27,337What is Bitcoin? Bitcoin is a cryptocurrency launched in January 2009 with the first genesis block mined on 9th January 2009. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. For more information on Bitcoin, do read CoinGecko's How to Bitcoin book. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. How does Bitcoin work? While the general public perceives Bitcoin as some kind of physical looking coin, it is actually far from that. Under the hood, it is actually a distributed accounting ledger that is stored in a form of a chain of blocks, hence the name blockchain. In a centralized system like the ones operated by a commercial bank, given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount. Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance. Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send HKEX:1 to Bob in equivalent amount of bitcoin. How would the system be able to determine that she has enough bitcoin to execute the transaction and also to ensure she does not double spend that same amount. Here is where mining takes place. A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final. Since running these computer rigs cost money due to capital expenditure for buying the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins that is part of its monetary system and some amount of fees paid by the person who wishes to transact (in this case it is Alice). This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
COINBASE:BTCUSDLong
by BADQOMOCAWGOWLD
1
After the Bitcoin market fluctuates, how to choose the directionBitcoin, judging from the daily level, the current price as a whole remains within the range, but there are obvious signs of decline in the price operation, and it tries to break below 22,000 US dollars, forming a long shadow line.In terms of technical indicators, the opening of the Bollinger band is downward, while the short-term moving average is suppressed downward, and the MACD is downward, and the short-term bears have the advantage; however, Bitcoin can recover to above 22,000 after breaking below 22,000, indicating that the current market sentiment is not overly bearish. In the fluctuation of the K-line, beware of the possibility of retracement of the K-line to induce short-selling.In addition, there will be greater news stimulus on Wednesday, and we need to pay attention to it. Judging from the 4-hour chart, the currency price is still in a state of shock and sideways trading, and the sudden short-term decline may be to wash out unwavering retail investors, but also for the arrival of a big news market brewing tomorrow, the box support below and the support of the 22,000 integer mark are still valid, so you can still consider going long at a low level in terms of operation. Operation idea: Consider going long in the low position near COINBASE:ETHUSD 21800, and the first target position is 22600. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies. BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:ETHUSDT BITSTAMP:ETHUSD COINBASE:ETHUSD
BITSTAMP:BTCUSDLong
by Blessed_V