Short BTC vs USDThere is no doubt here, BTCUSDT had a great run from the begining of the year but the indicator are showing the end of this Bear Market Rally is near.
Been posting short setups beacause I believe this is the end of the Bear Market Rally and not the start of the new Bull Market as many infulencers are saying.
If we get a squeeze to $25300 or above with a SFP, that will be my trigger to short all crypto markets not just the ones that I posted.
3D chart is showing a clear bearish divergence with overboughtRSI and the Stoch RSI is breaking down from overbought.
Many are blinded with gains after their drowdown from the 2022 and won't take profits here. Just the opposite, many think the bottom is in and they are leveraging in big time.
As usual, most will feel the pain of this Bear Market, again, as they buy the dip to the new lows.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Godspeed.
Cryptomarkets
Short INJ vs USDTINJ is looking like it's forming a Double top pattern here on a Higher time frame chart.
The Double top will be confirmed if it turns $3 from support to resistance and that will be my 1st Target, 2nd Target Mid Range.
I'm not rulling out a one more push into the 4H block so I'm slowly scaling in, wrong if we see acceptence above $3.75.
As I said before, all bounces are for shorting until proven otheriwise.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
ATOM looks like it's accumulating for another leg up to $17ATOM looks like it's accumulating for another leg up to approx. $17 to $20. Big Cosmos Ecosystem rewards updates on the horizon {Replicated Security} can possibly slingshot price to that region or even $30 in coming months.
Short-Term we can see 25%-40% gains if #BTC agrees. Even if the retest gets invalidated, I'll start DCA'ing a considerable amount as price approaches the Higher Low.
Crypto Market Analysis 27 AugustIn this video I break down my thoughts on Bitcoin and Ethereum going into the weekend and next week, since the price action of these two tokens tends to move the entire altcoin market. Overall, I think that cryptocurrency markets look quite bullish at this point in time, although I will stay alert for a pullback. Please note that this is not financial advice. Good Luck!
ETH: The end of the line!Ethereum has followed Bitcoin into new higher highs and higher lows on the 1hr timeframe with +40% from the current bottom. So have we bottomed out like everyone is saying!? I still doubt it and I want to see confirmation first!
So how do we find confirmation? Well, either if we keep trending above the bullish trendline or after a retrace stay above the 0.618 or if we break the resistance box and retest it as support. The latest scenario would likely take us all the way to 3000$! For now there's no reason yet to run to the bank and go all in... we can still have a substantial retrace to around the 2000$ level. At this very moment the bullish momentum for BTC is weakening which could indicate we are due for a reversal back down as mentioned in my previous analysis. We see the same for ETH at this moment with declining volume. I wouldn't bet yet on any of the two scenarios, lets wait and see. If we break the bullish trendline and retest it as resistance we are still continuing bearish momentum. However the market as a whole does look increasingly more bullish but that doesnt mean a reversal just yet. Relief rallies and short squeezes are standard in crypto bear markets. I am neutral, which means I am increasingly monitoring price action over the next days and weeks.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BTC highway to 6 figures2 charts as I use to. Smaller TF on the left and 9D on the right.
EMA 100 1D and 12H in the right pictures. Look at first support there at the beginning of this bullish cycle...
We have to channels going up, one slower in which we are moving now, and the faster one that we left at last correction.
I don't see now reasons of changing to emergency stop lane or turning around in this scenario.
It seems that EMA 100 1D is driving the traffic along forward.
Crossing it will warn us about trend changing.
Opinions anyone?
Take care of your hard made money guys!
THIS IS NOT A FINANCIAL ADVISE!
CHEERS!
Ethereum $ETHUSD PT 2500-2300Ethereum is an open source, public blockchain that was created to address the vulnerability of personal data stored on the internet. The principal of Ethereum’s blockchain is to decentralize information stored on the web, competing against internet-based data warehouse companies, to protect internet-based data from theft.
Ethereum is best known for its smart contracts, these being coded contracts uploaded onto the Ethereum blockchain. The information held on the Ethereum blockchain is, not only protected from hackers but also secure from manipulation.
Unlike Bitcoin, Ethereum was not created to provide an alternative to fiat money, while Ethereum’s smart contract offering has made it the chosen payment source in initial coin offerings.
Ether tokens (Ethereum cryptocurrency) are created to fund the Ethereum blockchain development and expansion.
The idea of Ethereum was conceived by Russian – Canadian Programmer Vitalik Buterin and co-founded by Mihai Alisie, Anthony Di Lorio, and Charles Hoskinson.
Ethereum was released on 30th July 2015, after Vitalik Buterin initially released a white paper in 2013.
The total number of Ether tokens issued at the pre-sale was 60 million, with 0.2 per coin sold in the crowdsale, therefore, 72 million ether coins were issued at Genesis.
12 million off the 60 million ether tokens created in the presale were mostly distributed to early contributors and developers, with the remaining being held by the Ethereum Foundation.
Founder Buterin was said to hold just 630,000 Ether tokens and factoring a reported sale, is said to own less than half a percent of total Ether tokens in circulation.
The creation of each individual Ether token comes from mining, which is rewarded to miners in the blockchain verification process.
The Ethereum blockchain requires thousands of users, called nodes, running Ethereum virtual machines that are able to execute smart contracts. Smart contracts describe software and apps developed over the Ethereum platform.
Ether Tokens not only act as a fuel for the decentralized apps or software in the Ethereum network but are also used to cover transaction fees stemming from any change requests made for existing apps.
The transaction fees are calculated based on how much ‘gas’ an action demands, which is equivalent to the amount of computing power and time to make the required change.
Some distinct characteristics of Ethereum include:
There are no physical Ether tokens, only virtual.
There are only a finite number of Ether Tokens.
While the creation of Ethereum blockchain and Ether tokens was not meant for an alternative to fiat currency, certain merchants and companies are willing to accept Ether tokens as a means of payment for goods and services.
$LTC Litecoin PT 600 and higher, Long Term...Litecoin rose by 2.93% on Thursday. Following on from a 0.58% gain on Wednesday, Litecoin ended the day at $202.67.
A mixed start to the day saw Litecoin fall to a mid-morning intraday low $194.14 before making a move.
The morning pullback saw Litecoin fall through the 23.6% FIB of $195 before striking a mid-afternoon intraday high $204.95.
Litecoin broke through the first major resistance level at $202 before a slide back to $196 levels.
Steering clear of the 23.6% FIB, Litecoin bounced back to end the day at $202 levels.
At the time of writing, Litecoin was up by 0.29% to $203.26. A mixed start to the day saw Litecoin fall to an early morning low $201.62 before rising to a high $203.74.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $201 pivot level to support a run at the first major resistance level at $207.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $204.95.
Barring an extended crypto rally, the first major resistance level and resistance at $210 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $211.
Failure to avoid a fall through the $201 pivot level would bring the first major support level at $196 and the 23.6% FIB of $195 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level at $190 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $196
Pivot Level: $201
First Major Resistance Level: $207
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
BTC UPDATE❗️Hey hey my friends 👋
BTC bullish possibility here, Right angled descending broadening wedge idea, look it up on the patternsite if you want, these usually break out with some sort of inverse head and shoulders pattern
Double top could be forming making this pattern valid if so i can see a drop down to about 54k forming the right shoulder.
BITCOIN DOMINANCE CHART INVERSE HEAD AND SHOULDERS 😨Hey hey my friends 👋
This is the Bitcoin dominance chart, it shows bitcoins strength compared to the rest of the market, when this trends higher btc/alt pairs as well as usdt paired altcoins bleed hard, gives us a good buying opportunities though 📊
We have all altcoin positions closed and we are waiting for the opportune time and more certainty in the market to dive back in 🤓
Keep and eye on this and stay tuned 📺
All eyes on EthereumWhile Bitcoin has been the star of the Crypto Markets the last couple months,
Ethereum has been slowly consolidating upwards in a rising channel, Although Ethereum has been performing really well this year through Mid year till now.
But now looking at ethereum to me it looks like it wants to go, Once we clear that first order block all eyes will be on ethereum's all time high price and beyond
BITCOIN | BUY @ 9125HI Friends,
BTCUSD trading under ABC corrective structure. In this pattern one more leg downside remaining to finish the B of b wave. The major support area near to the current level are 9125 to 9100 zone, I expect BTCUSD found support at this zone to start the Wave B of c.
ENTRY & EXIT LEVELS:
LONG @ 9125 -- SL @ 8900 -- TP @ 12500
Bitcoin - Where are we going to be at week's end?Looking at BTC on the 4H (4-hour timeframe) the move up over the weekend was not strong enough to pierce the 50MA on the 1D, it was actually rejected(50 Moving average on the 1 Day Timeframe.) if Price closes above the 50MA on the 1D and volume is strong then it could be time to consider a way to join the trend. Right now looking at the 50and 200MA on the 4H you can see that it is offering weak support and staring to form a death cross as well. A drop in price is imminent unless buyers step in fast. If price falls below $10.478 it will signal a return to the bottom $9800K - $10K area. I am still out sitting on cash, when will I go in? In two scenarios; If BTC goes over the triangle (The red trendline) or if alts hit my buy zones. Follow me and you'll be notified of which Alts and when to buy-in. All of this is of course for your paper trading.