BITCOIN - this is just the beginning!We had previously predicted that Trump would win the US elections, and we talked about how positive that would be and how this coincided with the rise of Bitcoin and the start of the bull market in a detailed scenario, and it happened precisely.
Many are asking about currencies now and are worried about entering after this recent rise
You should know that this market has stages Bitcoin Dominance still high Which means that Bitcoin gave a small portion of liquidity to currencies
this is chart for BTC dominance and just imagine if this huge rising wedge breakdown?
so iam extremly bullish this time and should nknow ALTseason didn't start yet!
If you enter the chart of any coin, you will find that it is still at the bottom
I see that there are many opportunities and you will easily find from this region many currencies made x5, x10 easly.
What we need in the coming days is for Bitcoin to make a temporary peak, then correct, then move sideways, decline in BTC dominance
for BTC i see it make a NEW ATH after more than 250days of accumulation any small correction in BTC is a positive sign for ALTS
Cryptomarket
Trading Signal For WIFUSDT Trading Setup:
A Trading Signal is seen in the WIFUSDT dogwifhat (4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 2.314
⭕️SL @ 2.047
🔵TP1 @ 2.825
🔵TP2 @ 3.189
🔵TP3 @ 3.803
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H
- In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel.
- It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range.
- It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone.
- Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area.
💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg.
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BINANCE:ENJUSDT
Trading Signal For DOGSUSDT Trading Setup:
A Trading Signal is seen in the DOGSUSDT DOGS (4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0005754
⭕️SL @ 0.0005186
🔵TP1 @ 0.0007843
🔵TP2 @ 0.0008796
🔵TP3 @ 0.0010086
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
Spring is ComingThe last months in crypto markets have been firmly in the shadow of the looming US presidential elections. Whatever one's political stance, it was hard to argue that a Donald Trump victory would not be immensely positive for the crypto industry. The ongoing legal fights between US regulators such as the SEC and the crypto industry and the Biden administration's open hostility to the industry were a constant backdrop of the past years. In sharp contract, Republican candidate Trump had embraced the industry in early 2024. His appearance at a large Bitcoin conference in Nashville, his announcement to fire SEC chairman Gary Gensler on day 1 of a Trump administration and also his promise to build a national US Bitcoin reserve have been music to the ears of many a crypto trader.
No wonder that as soon as Trump started to take the lead on election night, Bitcoin rallied sharply. A new all-time-high of $75,000 per one Bitcoin was reached nearly effortlessly. Bitcoin has been trading above $76,000 for most of the post-election days. Across the industry, the drop in tension is almost palpable. No longer will a bad faith regulator pursue legitimate companies such as Coinbase, Uniswap or Consensys at will. No longer will Senate block common-sense crypto regulatory frameworks. The possibilities now seem almost limitless.
Coins of Decentralized Finance (DeFi) projects have seen some of the largest rallies since election days. Not only will these projects benefit from regulatory clarity, but their tokens might also start to receive genuine utility such as revenue shares. The fundraising environment for projects should become more open. Maybe more onchain projects will open up to American users. It is common practice for projects to geo-block American users for fear of the long arms of US law enforcement. It is nearly poetic justice that mainstream pollsters predicting a tight election were outperformed by Polymarket, a crypto-based prediction market that continuously showed Trump well ahead of his Democrat opponent Kamala Harris.
What will the next months hold? US presidential elections tend to be bullish for crypto markets. After Obama’s 2012 victory, Bitcoin rose nearly 2,400% within a year. In 2016, following Trump’s success, Bitcoin soared 960% over the following 12 months. One year after Biden’s 2020 win, Bitcoin rose another 360%. Of course, Bitcoin's large market cap means that much more new capital must enter to move the price substantially. Yet, the optimism in the industry right now makes everything seem possible. Sure, disappointment could always come next year, but for now, Spring has arrived early. Let's enjoy the party while it lasts.
PRCL Long Spot Trade (Pullback Opportunity) Market Context: PRCL has seen a sharp reversal recently. We are looking for a slight pullback to support around $0.30, presenting a good entry point for a long trade.
Trade Setup:
Entry: Around $0.30
Take Profit:
First target: $0.35
Second target: $0.43
Stop Loss: Close below $0.26
This setup aims to capture the continuation of the upward trend after the pullback to support. #PRCL
SasanSeifi| Price to Target $0.43 in Mid-Term!Hey there, ✌In the daily timeframe, as seen on the chart KUCOIN:ZEUSUSDT , the price has shown a slight recovery from the 0.20 cent zone and has increased moderately. Currently, with the break of the descending trendline, the price has risen to the 0.30 cent zone. Given the overall market conditions, there is still potential for further price growth.
The scenario we can consider is that the price may undergo a minor correction and pullback from the 0.32–0.35 cent range. If the levels of 0.30 to 0.25 cents are held, and the pullback completes, the price could potentially reach mid-term targets at 0.38 cents and eventually 0.43 cents.The likely trend, as shown in the chart, confirms this scenario.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
ETH - Renewed strengthI've been neutral to bearish on COINBASE:ETHUSD ever since price broken down from the descending triangle and lost the key $2,800 support level. My line in the sand for getting bullish again has been the reclaiming of that level. Price continued to consolidate underneath $2,800 with that level acting as resistance. Then came the presidential election where we saw price strongly rebound back above $2,800 where it's now managed to hold for the last few days. If the weekly candle manages to hold above this level, that would give us a very solid weekly bullish engulfing candlestick setup. The invalidation level would be $2,350, but we'd really not want to see price spend much time below $2,800 for a strong bullish signal. The next overhead resistance sits at around $3,500. Beyond that and we're look at all time highs.
btc sell for short term still remains bullish long termon the hourly and 4 hourly beause btc might be creating a false break out with bearish rising wedge. if break out occurs well likely break below into briefly for mild consolidation. while this plays out still remaining bullish for long term
BITSTAMP:BTCUSD
ETH/BTC - The fastest horse in the raceWhile I recently laid out why I think COINBASE:ETHUSD has a bullish setup brewing, I want to turn attention to BINANCE:ETHBTC . While I think both BTC and ETH have bullish setups, a case can be made that ETH is about to begin outperforming BTC and we'll likely see a period of outperformance for ETH.
Currently forming on the BINANCE:ETHBTC weekly candlestick chart is a bullish engulfing setup coming off of an RSI divergence. These types of setups can be quite explosive once price breaks above the weekly candle high and starts moving. If this pattern plays out then the next major overhead resistance is in the 0.54-0.56 region. Beyond that the next major resistance is just below 0.08. As always, we need to practice proper risk management, so for this setup the invalidation level is around 0.0345.
Also keep in mind that the weekly candle has not yet closed so we are simply watchin for the potential at this point. For a good, solid setup we'd want to see very little upper wick when this weekly candle closes.
CHAINLINK ready for the RUN! On the 3D chart, we have:
Breakout on the Trendline.
Breakout on the RSI.
Breakout on the SMA 200.
And a Golden Cross.
You can´t get more bullish signals if you want, but it doesn´t mean that in the short term we can´t take a correction.
If we get it,The Pullback is a BUY.
Fundamentally as I think we are in the year 1999 for Internet but for crypto now, BINANCE:LINKUSDT is one of those that has value. There are not many of them.
Selling is a must during this Bull MKT top.
Is #DYDXUSDT About to Explode or Collapse? What You Should KnowYello, Paradisers! Is this the breakout we’ve been waiting for #DYDX? Let's look at the latest analysis of dYdX and see what's happening:
💎After months of being in a downturn, #DYDXUSDT has finally broken above a Descending Channel following a solid push from the major support at $0.8903. This could be # the turning point for #dYdX after 4-5 months of consolidation.
💎#DYDX needs to break through a critical resistance level at $1.199 for this rally to gain real momentum. If this level is cleared, we could see a much stronger rally, with the next target set at a major resistance zone. Increasing volume and the 20EMA are signaling bullish potential—but we're not out of the woods yet.
💎Be cautious! If #DYDX loses steam, we may witness a pullback to retest the breakout around the major support, possibly capturing liquidity again. A failure to hold this level could push the price back toward the lower demand zone at $0.802.
💎And if the price breaks below that key support? The bears take over, and we could be looking at a much deeper correction.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H
- According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area.
- It is moving in an ascending channel in the 8-hour timeframe.
- The 2062 range of wave B correction is over.
- After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued.
- A double top has been created in the area of the channel roof, which has entered a correction phase after that.
- The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range.
After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves.
- In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction.
💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range.
💎Therefore, the second step of the movement can have the goals of 3200 to 3500.
⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️
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KUCOIN:ETHUSDT
ADAUSDT on the rise : What to expect in the next 72 HoursFollowing trump's victory and BTC rally , ADAUSDT has broken out upwards from a triangle pattern .It's predicted to grow another 22% over the next 3 days , and if it successfully surpasses the 0.5700 price level , it could see additional 17% increase .
ADA to test Hourly 50 SMAADA is approaching its 50 sma on the hourly chart. this could be a good buy area for a long set up as the 50 sma will be coinciding with the nearest support. Targets above are the 1.618 and 2.618 extension of the previous high swing low. RSI is 52 at time of publishing. Impulse has already corrected beyond the .236 and may be enough for a new continuation north.
Not financial advice. Do your own DD.
Will be following this idea up with larger TFs in updates.
Thanks for viewing the idea.
ETH thesis with RAG AI by Titan_Karma Thesis: Analysis of Ethereum (ETH) Market Conditions for November 9, 2024
Abstract
This thesis evaluates the potential for profit through a strategic long position in Ethereum (ETH) based on recent market data. With a confidence level of 85%, the analysis incorporates real-time trading metrics, market sentiment, technical indicators, and volatility measures to assess the validity of entering a long position. The underlying approach combines fundamental and technical analyses, exploring factors such as volume trends, support and resistance levels, and social sentiment towards ETH.
1. Introduction
The cryptocurrency market exhibits significant volatility and rapid changes in sentiment, making it crucial to adopt a data-driven approach for high-frequency trading strategies. This thesis focuses on Ethereum (ETH), analyzing the market conditions on November 9, 2024, and presents a structured assessment for a potential long position.
2. Data Sources and Indicators
Market Sentiment: Bullish, supported by social media sentiment and market participant behavior.
Trading Volume: High at 306,994.58 ETH, indicating strong market engagement.
Current Price: $3043.59.
Key Data Providers: Coinglass, Binance, CoinMarketCap, Augmento.ai, and CryptoCompare.
3. Technical Analysis
Price and Support Levels:
Current Price: $3043.59.
Resistance Level: $3083.82.
Support Levels: Significant buy walls identified at $3030 and $3020.
Momentum Indicators:
RSI: Above 70, indicating overbought conditions.
Stochastic Oscillator: Bullish, suggesting ongoing upward momentum.
MACD: A recent bullish crossover highlights a favorable environment for entering long.
Volatility Indicators:
ATR: Low, showing reduced volatility conducive to entry.
Bollinger Bands: Tightening pattern, often preceding a breakout.
Moving Averages:
MA20: The current price remains above the MA20, reinforcing the bullish trend.
4. Market Data Analysis
Coinglass Data: Increasing open interest with a weighted funding rate leaning bullish and stable liquidation levels.
Binance Order Book: Presence of significant buy walls that could sustain price movement above current levels.
CoinMarketCap: High liquidity and substantial market capitalization around $360 billion, indicating a robust trading environment.
Augmento.ai Sentiment Analysis: Positive discussions around ETH predict potential bullish outcomes in the near term.
CryptoCompare News Sentiment: Analyst perspectives remain optimistic, noting Ethereum's breakout potential.
5. Entry and Exit Strategy
Entry Criteria:
Timeframe: 15-minute chart for rapid assessment.
RSI: Above 70 (bullish but cautious near overbought).
MACD: Bullish crossover.
Price Position: Above MA20.
Bollinger Bands: Price nearing the upper band.
Positioning:
Trade Direction: Long.
Stop Loss: Set at $3000.00 to mitigate risk.
Take Profit: Targeting $3100.00.
Exit Point: Tentatively set at $3050.00 for a balanced risk-reward approach.
6. Conclusion
Based on the gathered data and technical indicators, Ethereum currently shows a favorable environment for entering a long position. The existing bullish sentiment, coupled with positive volume trends and supportive technical indicators, underpins the confidence in this recommendation. The proposed stop-loss and take-profit thresholds ensure a balanced approach to capitalize on potential price appreciation while maintaining risk management.
7. Future Recommendations
Future assessments should continue to track changes in order book dynamics, sentiment shifts, and technical indicators on a shorter time frame to refine entry and exit strategies. Additionally, monitoring news sentiment shifts on CryptoCompare and trading volume fluctuations will be crucial for adjusting trade positions to market trends.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook:
According to the analysis of the Bitcoin daily chart for November 1, the "Interim Rebound" in Bitcoin has effectively concluded its second stage. This stage occupies the mid-zone of the rally's rebound extension, with the primary target being the Inner Coin Rally mark at 78,500. This movement corresponds with the Outer Coin Rally 81000 and the Main Outer Coin Rally 92000, as projected by TSS in their long-term bullish forecast. However, a potential pullback is anticipated to fulfil the Reignited and Primary rebound criteria.
AAVE COIN LONG IDEA - AAVE ALTCOIN SWING LONGAAVE is a coin I monitored closely during Summer 2024. While most altcoins were making new lows, AAVE was accumulating and showed resilience, which suggested to me that it might outperform others in the 2024-2025 altcoin bull season.
Technical Analysis: Price accumulated within the monthly demand zone throughout Summer 2024. It finally took off, breaking the weekly structure and creating strong bullish momentum on the weekly and daily charts.
Price broke the bearish trendline with strong momentum and created a daily demand zone below. I’d like to see price retrace into the daily demand, hit the maximum discount area, possibly test the trendline, and then take off toward the target.
As always, look for lower time frame confirmations within the entry zone before initiating the trade.
Stop loss: $110
Target: $261
Is It Too Late to Invest in Bitcoin? A Comprehensive Analysis
Bitcoin, the world's largest cryptocurrency, has once again defied expectations, reaching a new all-time high of nearly $77,000. This latest surge has ignited a wave of excitement and speculation within the crypto community. While some analysts warn of potential risks, others remain bullish on Bitcoin's long-term prospects.
A Bullish Outlook
It is believed that the recent price surge is driven by a combination of factors, including increasing institutional adoption, growing global interest, and the potential for further price appreciation.
The Role of Institutional Investors
One of the key drivers behind Bitcoin's bull run is the growing interest from institutional investors. Traditional financial institutions, such as hedge funds, pension funds, and corporations, are increasingly allocating a portion of their portfolios to cryptocurrencies. This institutional adoption has brought significant capital inflows to the crypto market, fueling price increases.
Technical Analysis: A Bullish Perspective
Technical analysts have identified several bullish indicators that suggest Bitcoin may continue its upward trajectory. The recent breakout above key resistance levels and the formation of a bullish flag pattern are positive signs for the cryptocurrency. However, it is important to note that technical analysis is not foolproof, and market conditions can change rapidly.
Potential Risks and Challenges
While the current market sentiment is overwhelmingly bullish, it is essential to acknowledge the potential risks and challenges facing Bitcoin. One of the primary concerns is the potential for a market correction, which could lead to significant price declines. Additionally, increased regulatory scrutiny and geopolitical tensions could also impact the cryptocurrency market.
The Future of Bitcoin
As Bitcoin continues to break new records, the future of the cryptocurrency remains uncertain. However, the long-term potential of Bitcoin as a store of value and a medium of exchange is undeniable. As the global financial landscape evolves, Bitcoin's role as a digital asset could become increasingly significant.
Conclusion
Bitcoin's recent price surge has captured the attention of investors and traders worldwide. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As institutional adoption continues to grow and technological advancements drive innovation, Bitcoin's potential for further appreciation is significant. However, investors should approach the market with caution and be prepared for potential volatility.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
FBTC: Break Out After 12 Months of Sideways - DCA TradeAll the white lines are buys. My weighted average price per share would be somewhere in the middle. I Dollar Cost Averaged into the position from basically the launch of the product on exchanges earlier this year, Say March 24. The trade looks to finally be playing out.
Long Term Hold position for me, and will add on higher timeframe (1 Day, 3 Day, Weekly) oversold conditions outside a normal standard deviation.
Fun time to be a trader at the moment.