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Cryptomarkets

MSTR oversold for a long tradeMSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line that has no slope. Support and resistance horizontal zones are drawn in for reference purposes. I will close my short position of the past day and switch sides here. The RSI indicator gives reassurance as it has pivoted up from the bottom, especially the faster green line. Selling volatility declared the bottom in the immediate term at the same time the relative volume indicator printed a selling volume spiking black bar both immediately before the regular market closed.
NASDAQ:MSTRLong
by AwesomeAvani
BTCUSD: Weekly continuation?Today's focus: BTCUSD Pattern – Continuation (Bullish) Support – 41,450, 38,514 Resistance – 44,713, 47,540 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Bitcoin on the weekly chart. So far, so good, as buyers continue to push at resistance and push forward with a bullish continuation idea. After rejecting the last low and forming a doji candle pattern, buyers continue to do the right things for a potential continuation pattern. Will we see price contnue to push higher and test 47,540 resistance? We have also reviewed a few aspects of what to look for when scouting for a continuation pattern set-up. Good trading.
EIGHTCAP:BTCUSDLong
by Eightcap
Are We Looking At A Bitcoin Bull Trap?In my last TA post, I talked about the possibility of Bitcoin heading back to the $35-36 range before the halving, and I still don't think I am wrong about that. Let's take a look at why... Bitcoin is really hitting some resistance at the current range. When I look at other cryptos like Ethereum, it's much of the same. This pattern looks to me like a bull trap. This is where we bounce out of a significant down trend and this price action tends to catch bulls by the short and curlies as they think the price is going to recover and continue to the moon, but it just doesn't work that way. These retracement pumps tend to get people caught in a FOMO mode and then turn on them and head back in the other direction. I believe this is one of those times. Very rarely does a market like Bitcoin just bounce straight up. It has it's big parabolic rises, yes, as we have seen recently, but this action cannot last forever. In the last cycle, we saw the pump from the 3K range up to nearly 15K and back to the 6.5K range before the halving, so my prediction of seeing a 35K-36K Bitcoin price before April is not out of the cards. My non-financial advice to traders is if you have been trading this reversal from the 38K range, then you might want to think about taking some profits off the table. Just saying, because that is exactly what I am doing. I am also still DCA accumulating BTC as we go along and will stop that action once we break all time highs again, then it will be off to the races and looking for good market cycle take profit signals. How are you playing this Bitcoin and crypto action?
COINBASE:BTCUSDShort
by thelogicaldude
🚀Binance Coin (BNB) Analysis Overcoming Resistance ChallengeKey Points: Positive Outlier: Binance Coin (BNB) has displayed positive performance, closing the week with a 0.3% increase despite broader market trends. Sustained Momentum: BNB sustained momentum after surpassing the $300 mark at the end of 2023. Obstacle Ahead: The coin faces a significant obstacle in the form of strong resistance at $360, and breaking above this level may prove challenging. Technical Insights: Resistance at $360: The $360 resistance level is highlighted as a significant challenge for BNB. Absence of Substantial Pullback: The absence of a substantial pullback in the rally raises considerations about the potential difficulty in overcoming resistance. Implications for Traders and Investors: Cautious Approach: Traders and investors should approach the $360 resistance level with caution, considering the absence of a significant pullback. Monitoring Price Movements: Close monitoring of price movements and potential developments in the market is advised.
Long
by Richtv_official
1
Ethereum Update on 05/08/2023There will be a buy/long opportunity for ETH. Focus on buy zone and 200 DMA. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Long
by rukshan2102
Total Crypto Cap Idea For The Rest of the MonthUsing CRYPTOCAP:TOTAL as a guide for the rest of the market, this is what I'm keeping in mind over the next 2 weeks. On the weekly timeframe we are currently Under the 200 MA which is right around 1.08T It's highly Likely we close under that on Sunday. Next week we will look to find support in the range of 1.024T and ~1T. To the upside I have set an alert at 1.038T I don't expect too much price action over the weekend. But in the coming days watch for the death cross(21 and 200) and potential bearish retest on the Daily timeframe. Waiting game now. Keeping in mind Super Moon (Bullish) at the end of this month may signal some bullish price action. If that is the case price should bottom over over the next week or so.
CRYPTOCAP:TOTAL
by tradertez
Unveiling the Potential of WAVES/USDT in the Crypto Ocean💎 Calling all Paradisers! 💎 Let's take a deep dive into the current scenario of WAVES/USDT and reveal some key insights: 💎 Brace yourselves as WAVES is showcasing immense potential at these levels. 💎 WAVES/USDT has successfully formed a double bottom, indicating a bullish trend. 💎 At present, WAVES is making an attempt to breach its 8-Month long resistance, 💎 It's noteworthy that WAVES/USDT has flawlessly surpassed its 50-Day-SMA and is now aiming to break its 200-Day-SMA in a single stride. 💎 A retest at the 2 level would present an ideal opportunity to go long. 💎 The forthcoming significant levels to watch out for are 2.6-3.2-4, and it could potentially extend further towards the 5 area. 💎 Stay in the lead and ride the waves of success in the crypto world!
WLong
by MyCryptoParadise_Simon
1
Bitcoin 1D TF Bitcoin is undergoing a corrective phase following a significant 57% upward movement. I anticipate a decline in Bitcoin's value by at least 20%, as it currently resides within a bearish channel. However, once it reaches the range of my particular interest, which lies between 24836.98 and 25335.01, I expect Bitcoin to break out of the channel. Several factors contribute to this analysis, including the presence of a declining trend line, an inclining trend line, a rejection point, the bottom of the channel, and a bullish fib level of 0.5. After experiencing a 20% drop, I anticipate Bitcoin's momentum to shift towards a bullish swing.
COINBASE:BTCUSDLong
by ChartStrategist