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Could price drop from here?Bitcoin (BTC/USD) has just rejected off the pivot which acts as an overlap resistance and could potentially drop to the 1st support. Pivot: 63,223.31 1st Support: 60,588.92 1st Resistance: 65,521.94 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
1
Falling towards 61.9% Fibonacci support, could it bounce?BTC/USD is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 59,747.26 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Stop loss: 58,396.57 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 62,037.46 Why we like it: There is an overlap resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:BTCUSDLong
by VantageMarkets
HODL with a TwistCME: Micro BTC Futures ( CME:MBT1! ) Federal Reserve monetary policy is the dominant market mover across asset classes. Financial markets around the world rise and fall by any hint of the next policy move. Last Friday, US stocks jumped after a weak April jobs report boosted hopes that the Fed could start cutting interest rates soon. The Dow Jones Industrial Average gained 450 points, or 1.18%, to 38,675. The S&P 500 surged 1.26% to 5,128, while the Nasdaq Composite rallied 1.99% to close at 16,156. The nonfarm payrolls report, released by the Bureau of Labor Statistics, showed 175,000 jobs gain in April, below the 240,000 jobs expected by Dow Jones economist survey. The unemployment rate edged up to 3.9%, versus 3.8% in March. After the jobs report, traders now price in a second rate cut by the end of 2024. Fed funds futures trading data suggests a 66% likelihood of a 25-basis-point rate cut in September, according to the CME Group’s FedWatch tracker of futures market pricing. Don’t Pinch Your Hope on More Rate Cuts Investors often attempt to front run the Fed’s decisions. Track records show that they are usually wagering the wrong bet. As recently as last December, they expected seven rate cuts in 2024 and pushed major stock indexes to a series of new record highs. Lately, the rebounding inflation ditched the hopes for early rate cuts. Before last week, market consensus was down to one rate cut in 2024, with talks of no cut and even a rate hike. In my opinion, investors speculating on rate cuts overlooked a key factor, the 2024 US Presidential Election. With election day less than six months away, the Fed would be cautious with abrupt policy moves. They tend not to shift policy directions ahead of the election, just to stay clear of any accusation of influencing the result in any way. Many investors pinch rate cut hopes on the assumption that the Fed would ease rates to help the current Administration get reelected. They failed to understand that the Fed Chair is not a cabinet member. He reports to the Congress, not the President. The Federal Open Market Committee, the rate-setting body, is not a department in the Executive Branch. It was founded by the Congress and will report to the Congress only. The Fed has kept the rate higher for longer than many of us expected. Since the last rate hike in July 2023, they kept the Fed Funds rate unchanged in the past six meetings. Borrowing costs, including mortgage rate, auto financing, credit card and business loan, have all been pushed up significantly in the last two years. One or two rate cuts would not materially lessen the cost burden incurred by households and businesses. Despite headwinds and signs of the US economy cooling off, US stocks are currently priced near their all-time high levels. It is not a good time to jump in and chase the high prices. On the other hand, shorting the market now is a risky proposition. Investors exhibit strong tolerance for bad news. The best move is to wait. Outside of stocks, cryptocurrencies show upside potentials, particularly from a long-term perspective. Investing in Bitcoin for the Long Haul On February 14th, I posted this trade idea, “A Bitcoin Bull Run?”. At the time, spot Bitcoin was trading at around $50,000. Bitcoin reached a new all-time-high of $73,000 on May 3rd. It has since fallen to as low as $58,000 and is now trading at $64,125. I identified three fundamental key drivers for a secular long-term bull market for cryptocurrencies, which is recapped below: • Firstly, there is a limited supply of bitcoins with a total cap of 21 million. • Secondly, the demand for crypto investment could increase substantially. • Thirdly, an excessive dollar supply could help raise bitcoin prices. Today, I would like to focus on the technical strength illustrated in Bitcoin price chart. In the past eight years, Bitcoin managed to reach a new high four times, after experiencing significant drawdown each time. • After peaking at $20,089 in 2017, Bitcoin fell 84% to $3,191 by December 2018. • The next bull run, starting in September 2020, pushed Bitcoin price to a new ATH at $58,777 in March 2021. This is a gain of 192% from the previous ATH, and up 1742% from the previous low. • Bitcoin price was cut in half to $29,562 in July, before rising to another ATH of $69,000 in November 2021. This is a gain of 17% from the previous ATH, and up 133% from the previous low. • In the next year, Bitcoin fell to $16,625, a drawdown of 76%. The SEC approval of Bitcoin ETF pushes the benchmark cryptocurrency to its new ATH of $73,000 in March 2024. This is a gain of 6% from the previous ATH, and up 339% from the previous low. Bitcoin price trend shows that investing in Bitcoin in the long run has been profitable. However, timing makes a significant difference in investment returns. Trading Bitcoin with Futures Rollover Strategy While the view of holding on for dear life (HODL) is shared by many Bitcoin investors. There are several issues when it comes to investment strategies. Firstly, with bitcoin trading over $64,000, future price increases do not offer the same level of return dollar for dollar. Hypothetically, if Bitcoin goes back up to its ATH of FWB:73K from GETTEX:64K , the $9,000 gain equals to 14% in return. For a comparison, if you bought Bitcoin for $17K in December 2022, the same $9,000 gain would be 53% in return. To counter the effect of higher prices, investors could consider using leverage. CME Micro BTC futures ( LSE:MBT ) provide leverage and capital efficiency. The contract notional is 1/10 of 1 BTC. Initial margin is $1,515. The June contract (MBTM4) was last settled at $63,865. At current price there is a 4.2 times leverage built in the contract, which is the ratio of 6,386.5 (1/10 of 1 BTC) divided by 1,515. If the futures price touches the previous ATH, a long futures position would gain $913 (= 7,300-6,387), and the return would be a +60%, vs. +14% investing in spot Bitcoin, as we illustrated above. Secondly, futures contracts have a limited lifespan that will influence the outcome of your trades and exit strategy. Micro Bitcoin trades actively in the nearby May and June contracts. Liquidity in the back-month contracts has yet to pick up. A trader may be right about the long-term rise in Bitcoin prices. However, this may not happen in the next two months before the nearby contracts expire. To maintain a long position in Bitcoin over the long run, while enjoying capital efficiency through leverage, a trader may employ a futures rollover strategy. Rollover is when a trader moves his position from the front month contract to another contract further in the future, prior to the expiration of his existing holding. The title chart illustrate how to hold a long Micro Bitcoin Futures (MBT) position overtime: • In April, a trader buys (going long) a June contract (MBTM4). • Approximately two weeks before the contract expires on June 28th, the trader enter an offsetting trade, going short on MBTM4, to close his existing position. He would book a profit or loss, determined by the difference in selling and purchasing prices. • Simultaneously, the trader would buy an August MBT contract (MBTQ4) and reestablish a long position in Bitcoin. • In mid-August, the trader will close out MBTQ4 (going short), and buy an October contract (MBTV4), and continue to hold a long position on Bitcoin. • The trader would repeat the above steps, so far as he holds a bullish view. Finally, Bitcoin prices are extremely volatile. Holding spot Bitcoin with no leverage could face potential drawdown of 70%-80%. With leverage in futures, a sharp price move in the wrong direction could quickly deplete the available fund and trigger margin calls. One advantage Micro Bitcoin has over the spot crypto is the daily price limit. If Bitcoin moves up or down 10% within the trading day, futures trading will be halted. This will give the market time to cool off and help investors avoid being blown out by short-term panic. Experienced investors may consider using stop loss on futures or buying a protective put options to hedge such downside risks. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:MBT1!Long
by JimHuangChicago
3
BTC: Two potential target prices - Two critical support zones correspond with the 0.382 and 0.618 Fibonacci retracement levels of the entire swing from A to B, enhancing the significance of these support levels. - After two months of ranging, the price finally broke below the critical support zone as volume spiked, confirming the breakout and leading to a significant drop. - If the price does not return above the first support zone , two potential target prices can be anticipated: 1. A 100% extension of the large purple box. 2. A 100% extension of the small blue box. Note that this target price perfectly aligns with the previous key resistance-turned-support level. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
COINBASE:BTCUSDShort
by stock_adelie
2
ETHUSD MAY HAVE COMPLETED ITS CORRECTIONS AND READY FOR RALLY!Ethereum has been in corrective wave since March and with the formation of daily double bottom in a bullish wedge, the cryptocurrency may have completed its corrections and ready for upside rally above the upper channel of its wedge. N.B! - ETHUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #ethusd #crypto #btcusd Follow us for more insights on brilliant market setup!
COINBASE:ETHUSDLong
by BullBearMkt
$STRK breakout Done > Trading a descending channel pattern involves identifying a bearish trend where the price consistently forms lower highs and lower lows within a channel. Here's how you can approach trading this pattern: 1. **Identify the Descending Channel:** `The first step is to recognize the descending channel pattern on a price chart. Look for a series of lower highs and lower lows forming parallel trendlines sloping downwards. This pattern suggests a bearish trend where sellers are in control. Confirm the pattern by ensuring that the price touches both the upper and lower trendlines multiple times.` 2. **Entry and Exit Points:** `When trading a descending channel pattern, consider selling (shorting) near the upper trendline of the channel when the price reaches this level. This is where resistance is likely to be strong, presenting an opportunity to enter a trade with lower risk. Set a stop-loss order above the upper trendline to manage risk in case the price breaks out of the channel. Aim to exit the trade near the lower trendline of the channel, where buying pressure may increase, providing a potential opportunity to take profits.` 3. **Risk Management and Confirmation:**` Implement proper risk management techniques to protect your capital. This includes setting stop-loss orders to limit potential losses if the trade goes against you. Additionally, look for confirmation signals such as bearish candlestick patterns, negative momentum divergence, or other technical indicators aligning with the descending channel pattern to increase the probability of a successful trade. ` Remember, trading patterns carry inherent risks, and it's essential to practice proper risk management and conduct thorough analysis before making trading decisions. Additionally, consider using a combination of technical indicators and fundamental analysis to enhance your trading strategy and increase the probability of success.
Long
by Crypto-Adda_Official
Rising towards 61.8% Fibonacci retracement resistance?Price is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 3113.58 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 3241.30 Why we like it: There is a pullback resistance level which aligns wit the 78.6% Fibonacci retracement. Take profit: 2852.89 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:ETHUSDShort
by VantageMarkets
2
GBTC Is Looking For A Bullish Resumption After Bitcoin HalvingWe talked about bullish GrayScale Bitcoin Investment Trust (GBTC) already back on February 28th with a weekly free chart, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle. Well, as we actually expected, after GBTC reached all-time highs, we can see a projected slow down that looks like a wave (4) correction. A correction actually occurred a month before the Bitcoin halving and finished right before the Bitcoin halving. And, as you can see now in a closer, 4-hour chart after the halving, GBTC is bouncing from projected support after a completed A-B-C correction in wave (4), so wave (5) is now in progress, which can easily lift Bitcoin price back to highs as well.
AMEX:GBTCLong
by ew-forecast
XAUUSD 1HR Simple trading - Support and resistance *HEAD N SHOULDER TP HIT(prev chart) *Potential Bullish Wedge Forming Conclusion, Look to sell after a pullback to 2230 The Why: With robust economic indicators propelling interest rate yields upward and the potential for geopolitical tensions in the Middle East to abate, the question arises whether gold, traditionally seen as a safe-haven asset, has relinquished its appeal. For traders monitoring the gold market, the pivotal point to observe lies in whether the price manages to breach the crucial support level at 2330, as illustrated in the accompanying image. This level has historically attracted significant buyer interest, underscoring its importance in the market dynamics. However, it's worth exercising caution for bearish traders. Despite the recent fluctuations, gold continues to exhibit a formidable uptrend on the daily chart. Moreover, the fluid nature of geopolitics suggests that unforeseen developments could swiftly reignite bullish sentiment, potentially propelling gold to retest and surpass its previous all-time highs. In essence, while the current market conditions may hint at a potential selloff, the interplay of economic data and geopolitical factors underscores the need for vigilance and adaptability in trading strategies.
OANDA:XAUUSD
by nikdobii
BTC Pullback, Road to 50kSimple trading - Lower lows and lower Key idea: If BTC can hold below 67k, this would create a lower high. A potential major SELLOFF BTC is currently trading in a bear market on the smaller timeframes. With the BTC halving on the way, it's clear as day that BTC will not hold above 70k. So to capitalize on the 3rd red weekly candle, we are looking to see if BTC will make one final pullback to the upside. It's fair game for BTC now that we enter the weekend break. if this is a pullback, now is the time to rise. Pay attention to the price level at 67000. This is the final resistance before BTC flies to a new ATH. As long as we reject this level we will continue to SELL. Currently in a buy at 63258 Stoploss in profit TP 66900 The SELL (new chart will be posted) Around 65k-68k seems like a good range for the price to break out. Wait for bearish candles and look to sell
COINBASE:BTCUSD
by nikdobii
Chainlink What Now?Is this move a surprise not really if you been following my Chainlink ideas. Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars. March 18th we got a bearish cross the MACD , this was another signal of things to come. On the LINK/BTC we can see that we hit the exact bottom of June 2023 lows when Chainlink hit 5 dollars and completed its wave 5. We also have this very important date coming up with LINK , which is April 22nd 2024 or more like the week instead a specific day. This Fib time sequence has predicted Chainlink event for years with 100% succuss rate , check it out below We once again get to see if proves to show us something of value. On the Main chart above you can see this time fib sequence once again showing pivot points on the weekly , showed us all time high , June 2023 low , I mean simply amazing sequence here apart from 3.618 in grey you can see failed to produce anything special. Even though the target for the rising wedge is 9-10 dollars I would link to see LINK hold the 1/1 Gann Fann right now its sitting right on it so we don't want to see a close under that would be pretty bad to close under the 1/1 again.
COINBASE:LINKUSD
by Sporia
4
Big Time #BigTime $BigTime Big Time is a perfect example IMO of how people love to #Fomo into ideas while thinking and often even saying out loud how they just WISH they could have been earlier and or had opportunities to buy at lower prices but yet when those times come, they don't show up to buy. lol. I personally remember thinking at one point many months ago that even if we did get a HUGE correction that I didn't think this would ever again go below the 4.28-$0.29 ranges again. It left and broke through the old all-time high at $0.29 with such force and vengeance and didn't even bother coming back to retest it that i thought it was possibly never coming back below it. If anything, maybe come back and test it for an immediate bounce. However, it came back so far and has crashed so hard IMO this is a GREAT place to begin buying especially for a longer-term hold, but even for a swing trade on this immediate cycle's current moves. It was crazy how everyone wanted to HOPE they could catch dips below $0.40 ranges and would often even just eat up dips in the $0.48 ranges while talking about how it was going back above $1 and would soon be $3 before $5. Lol now at these prices no one wants to BUY it, lol! I have begun buying and DCA with force during this dip and think that I will EASILY see 2x in the near future and with patience and still within this cycle 3-5x. This is actually a working product unlike just pure speculation and vaporware that so many others currently are. And yet it is below WAY below all major SMA's and EMA's IMO this is the times you buy the FEAR to later sell the Greed of others. I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame. I think that this can really help speed up learning for many and to open their minds to variables. As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so. Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders. I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have. For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms. Everyone stay safe and trade wisely and be careful with leverage in these uncertain times.
COINBASE:BIGTIMEUSD
by rarebreed29
1
Chainlink Giant Rising Wedge formed.Rising wedge target is back to top of chainlink accumulation range at 9.3. Clear rising wedge pattern with two touch points top and bottom. We are coming up to the Chainlink fib sequence I have been using for years it has a 100% win rate at predicting Chainlink events , major moves , bottoms or tops. Last Fib time hit was the Big move down in May 2022 marked a major bottom for LINK. Next one is April 22nd 2024 and anything can happen for LINK around this time , its interesting also that it lines up with the Bitcoin halving. LINK/BTC Link has failed to break this level time and time again and until this level is broken I don't think we will see a major move for LINK. It is possible that coming in 22nd of April we get a big move down for on LINK/BTC to test the 1/1 Gann fan again, yellow circle you see on the chart. If thats the case then expect a major move down the fact that we are forming such a massive rising wedge with only 60 days from the next count is telling. I also get a two different Fib time dates on 22nd April the one use see above is completely different start and end points yet the 618 falls on the same date. Maybe LINK breaks the resistance on this date and moons or maybe it crashes and bottoms , who knows! all i know is that the next date after Aprill 2024 is May 2027 so best be ready for anything .
COINBASE:LINKUSD
by Sporia
8
Bitcoin RoadMap 2024/2025The thesis I will present today will go over the idea that Bitcoin will repeat its first cycle over a longer length of time. There are a lot of theories on where Bitcoin is going next, and it's been interesting seeing so many different perspectives. Every 4 years, Bitcoin follows through with its cycle, and we are now in the 4th cycle. So, what if it repeats the first cycle? The first cycle is a interesting one , we had two tops, one big move followed by a 75% correction and after 231days we put in a higher high. Last cycle nearly every single logarithmic model I was using broke expect the one you see in the main chart above, I know every model breaks eventually but until then we will base are projections around it. The fact is there is not much room left from here , if Bitcoin repeats the same move and time then we looking at July at around 113k for a major 2024 top , for over 500 days now Bitcoin has been moving 100% every 120-140 days with the last move only taking 50days. What is interesting is it took 1200days from Pi cycle cross to cross , if it repeats the next cross is in July and a my projected cross which will most likely not be very accurate since moving averages will move a lot depending on price but late October 2024 would be the cross. Monthly RSI is the lowest its ever been in history coming back into all time high. 2Week RSI putting in nearly perfect lower highs since the start. Bitcoin all time high consolidation pattern looking like it did last cycle in 2020 when it was back at 20k. Looking over at my time cycles , it takes 1400days from cycle top to top this would put a cycle high in September 2025 from November 2021. It also lines up with my time fib in September 2025. Elliott wave indicator is flashing a wave 5 both of NAS100 and Bitcoin , as you can see by going back in time its not 100% perfect and calling the top but pretty close most of the time , as you can see last cycle it was off by 3 weekly candles. We are making lower highs on the Weekly and higher highs in price so bearish divergence could be forming here. stochastic RSI pointing down and MACD histogram printing two lighter colours but as you can see stochastic last bullrun we were going down the entire time Bitcoin was going up. Conclusion There are some warning signs but there weak compared to the bullish signs , candle structure is still making lower highs from 4hour upwards and we forming same pattern as we did last cycle before massive run. This is how I think it plays out , last phase of the first run is coming until end of July then massive correction into end of year and continuation of the bull run till cycle top September 2025.
BNC:BLXLong
by Sporia
4
DEVVE/USD Navigating the New Coin Chaos with DevvioHey there, crypto adventurers! Today, we're diving into the wild world of DEVVE/USD trading – buckle up, because it's gonna be a bumpy ride! With limited data on this new coin, we're venturing into uncharted territory, armed with nothing but our wits and a whole lot of memes. So, here's the scoop: DEVVE recently launched after simmering in the crypto cauldron for several years. And boy, did it make an entrance! After a healthy retracement from its initial bull run, we're seeing some intriguing price action unfold. Talk about drama, am I right? Now, let's get down to business. We broke support on the daily at the $1.18 level, and now we're staring down the barrel of the 78% Fibonacci retracement, retesting it like a boss. Assuming we play nice and respect resistance, we could be in for a downward push, closing the gap and potentially finding a cozy spot at the 88% fib level around the $0.50 mark. Fingers crossed, folks! But here's the kicker – if and only if that $0.50 level is respected as support, it might just be time to make a move. But hold onto your hats, because we've got some potential resistance zones to contend with, including the previous ATH ($1.80 - $2.00) and that sneaky 61% fib at $1.18. Traders, keep your eyes peeled for candle patterns signaling reversals – it's gonna be a wild ride! Now, here's a little disclaimer: Yours truly is invested in this project, so consider this a friendly shill from a fellow believer. No pump and dump schemes here, folks – just good ol' fashioned enthusiasm. But remember, always trade at your own risk! And hey, just a friendly reminder: while we're busy cracking jokes and riding the crypto rollercoaster, don't forget to stay up to date with the latest news on DEVVE. After all, fundamentals are the bread and butter of any successful trading strategy! So, here's to navigating the new coin chaos with Devvio – may the memes be plentiful and the profits be ever in your favor! Keywords: DEVVE/USD, trading analysis, new coin, price action, Fibonacci retracement, support levels, resistance zones, trading strategies, candle patterns, ATH, investing, risk management, cryptocurrency news, meme culture.
GATEIO:DEVVEUSDTLong
by PlutusX
1
ALTcoins May Resume Higher SoonCryptocurrencies slowed down after strong rally into wave 3 of an ongoing five-wave bullish impulse, so current sideways consolidation should be just a correction in wave 4. BTC dominance is actually still here and Bitcoin can be already progressing wave 5, but that's why ALTcoins are currently slower than BTC. However, looking at the TOTAL2 Crypto market cap, which excludes Bitcoin, it looks like nice and clean bullish triangle pattern in wave 4 that can be coming to an end with final subwave (E). So, soon be aware of a bullish resumption within higher degree wave 5 of III, which can push BTC and ALTcoin friends even higher.
CRYPTOCAP:TOTAL2Long
by ew-forecast
1