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BTCUSD Best to trade after an MA50 (1d) break out.BTCUSD seems to be attempting a Low at the bottom of the 5 month Channel Up in order to stage a rebound. The price is stuck between the MA50 and MA100 (1d). We haven't had a (1d) candle closing over the MA50 since May 6th. Trading Plan: 1. Buy if the price closes a (1d) candle over the MA50 (1d). 2. Sell if it closes under Support (1). Targets: 1. 31000 (Resistance 1). 2. 23850 (expected contact with the MA200 1d). Tips: 1. The RSI (1d) is trading under a Falling Resistance and the action is getting too tight and narrow. This indicates that we are bound to get a strong break out soon, regardless of direction. Be prepared for both probabilities as per our trading plan. Please like, follow and comment!! Notes: Past trading plan:
INDEX:BTCUSD
by TradingBrokersView
16
INJUSD Channel Up continuation, buy opportunity.INJUSD maintains the Channel Up pattern that started on the January 1st bottom. The MA100 (1d) has been its clear Support since January 21st. Trading Plan: 1. Buy on the current market price. 2. Sell if it breaks under the MA50 (1d). Targets: 1. 14.95000 (Resistance 2). 2. 5.0000 (expected contact with the MA200 1d). Tips: 1. The RSI (1d) is trading inside a Triangle. If it hits its top before the price reaches 14.9500, then close the buy regardless. Use the Triangle's tops and bottoms to your advantage for sell / buy entries. Please like, follow and comment!!
CRYPTO:INJUSDLong
by TradingBrokersView
7
LDOUSD Be ready to buy the pull back or the break outLido DAO / LDOUSD is inside a short term Channel Down pattern that is within a larger Channel Up. The price is now near the top of the Channel Down. As long as it stays under it, short and wait for a lower bottom but at 1.5000. If it crosses above the Channel Down and closes a 1day candle, buy the break out. In both cases, target 3.5000. In 1day RSI terms the two bearish waves are identical and this implies that there is one last Low left to make. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:LDOUSD
by TheCryptagon
5
BTC heading towards 24,400On the weekly timeframe, a trail of Elliot Waves show that upon completing the downward Elliot 1-5 wave to the 15k level followed by an upward wave to 31k, BTC is forming a new 1-5 downward wave, As per the Fib Extension, the third wave is prognosticated to end towards the 24,400 region and then retracing towards 25,300 before the final leg down to test the previous strong resistance levels at 23,800. The time range for the third wave would be in the summer months of June/July, particularly from 26th June to 24th July. To confirm this, MACD is also about to make a death cross and head towards red indicating a downtrend to be around the corner.
KRAKEN:BTCUSDShort
by AristotleIV
Dogecoin Chart Pattern Suggests Volatility Explosion AheadDogecoin (DOGE), the meme cryptocurrency known for its wild price swings, has experienced an unusual period of calm this year, lagging behind the performance of Bitcoin (BTC) and Ethereum (ETH). However, a technical analysis with the Bollinger bandwidth indicator suggests that this tranquility may soon come to an end. Understanding Bollinger Bands: A Tool to Assess Dogecoin's Volatility The Bollinger bandwidth is a tool that illustrates periods of varying volatility relative to price movements. It is calculated by dividing the spread between the Bollinger bands by the 20-day simple moving average (SMA) of the cryptocurrency's price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day SMA average. When the distance between the two bands widens and the bandwidth increases, it indicates a period of rising volatility. Conversely, when the bands contract and the width narrows, it signifies a lull in volatility. An unusually wide or high bandwidth suggests that the current bullish or bearish trend is approaching its end, while an abnormally low bandwidth indicates that the market is on the verge of a significant move in either direction. Recent data shows that Dogecoin's daily chart has experienced contracting Bollinger bands, resulting in a bandwidth of 0.06, the lowest level since February 2019. This suggests that Dogecoin could soon experience a surge in volatility, as the bandwidth has a tendency to alternate between expansion and contraction. It's important to note that this anticipated volatility explosion is independent of price direction, meaning that the significant move can be either bullish or bearish. Looking Ahead: As Dogecoin prepares for a potential volatility spike, traders and investors should remain vigilant and be prepared for a pronounced price swing in the near future.
by cryptohopper
The Long Term Zcash Market Capitalization AnalysisA better way to pay In addition to using Zcash to pay friends, family and service providers, you can use Zcash at your favorite stores or online merchants. Trusted technology, growing adoption Zcash was launched by one of the most respected technical teams in the world. Zcash is the 'https of blockchains,' protecting your freedom to save and spend as you like. Zcash was the first project to implement zk-SNARKs, a novel form of zero-knowledge cryptography that gives its users the strongest privacy available in any digital currency. Multiple, independent organizations are funded to innovate on Zcash. Zcash is already available on top exchanges, digital wallets and a growing number of applications.
COINMETRICS:ZEC_MARKETCAPFFLong
by noam_chom
ChainLink End Of The RoadChainlink has posed a challenging cycle thus far, with an extended period of sideways accumulation for over a year. However, the time has now come for the asset to make a move. The Gann Fan indicator illustrates that there is limited room for further sideways action, with three rejections of the 1/2 Fan occurring in the last two years. If we do break out of this range, we must either move downwards or make a significant upward move, which will likely last until late June 2023. At this point, a move to the 1/1 Gann Fann level with 20 dollars as the maximum price increase seems the most plausible. Looking at the facts, the monthly histogram for LINK indicates a building momentum, with lighter closures suggesting a potential shift in trend. Additionally, LINK has experienced four straight months of weekly lower highs since the start of the year. My hypothesis is that we will reach a peak in June 2023, which lines up with the predictions for LINK based on the chart below: The USDT dominance chart has completed its 5 waves and ABC correction, with the final wave most likely to start next week once the yellow support level is broken Furthermore, the Bitcoin Dominance chart has also completed 5 waves and is currently experiencing a rejection of the 8/1 Gann Fan, indicating that alt season is likely on the horizon. If Link fails to break the 1/2 Gann Fann level to the upside, the downside target would be HKEX:5 , though this scenario has a lower chance of playing out at the moment.
COINBASE:LINKUSDLong
by Sporia
12
Bitcoin Long if Breaks 27500 upwardThere is a possibility that Bitcoin will return to break the structure to the upside. The recent breakdown appears to be a false move, suggesting that the anticipated right shoulder might not materialize. Consider setting an alert at 27,500, for a significant upward movement. BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
Long
by go8686
BIG DAY TOMORROW (BITCOIN BTC)Someone please tell me, "this time it's different." Come on, I dare you, lol. Tell me, who wants to rent my crystal ball? It's a mirror, literally a mirror, with comments going all the way back from that crystal ball TA that "this time it's different" because of the "macro environment." Haha, what garbage. We longed PICO bottom. For the traders who are not in denial, let's break it down. We've been following a Fib time sequence from 2019 that could play out like last cycle. 0.5 Fib time to 0.618 is the pocket where you get pivots in the market. As you can see, last cycle, 0.5 Fib time marked the reversal for the final wave of the relief rally. What are the chances that both last cycle and this cycle, 180 days out of the cycle low, we get both 0.5 Fib and symmetrical triangles? Tell me, what are the chances? Tell me, please, that "this time it's different," all the way up to 50k. Tomorrow is a big day. We either complete the mirrored pattern which at this moment, I believe there is a much higher chance we break to the upside or we begin a crashing structure back down to 15.5k. So, we nailed the two biggest moves of 2022, and my macro streak is still alive, the first macro prediction this year. 40-50k Bitcoin top for this year sometime late June to mid-August 2023. Invalidation would be weekly close under 0.382 Fan Fib.
COINBASE:BTCUSDLong
by Sporia
17
Bitcoin Is Finishing A Corrective DeclineBitcoin with ticker BTCUSD made nice and clean A-B-C correction in the 4-hour chart as mentioned and highlighted. We can actually already see it trying to wake up from the first 26k support area, but to confirm a completed correction, we need to see a recovery back above channel resistance line and 29k region. Just in case if correction is still in progress, then next deeper support is at 25k-24k that can be tested within an ending diagonal (wedge) pattern for wave C according to count #2.
BITSTAMP:BTCUSDLong
by ew-forecast
1
Crypto Update: ADA gearing up for new push higher?Today's focus ADA Pattern – HL support hold Possible targets – .3550 Support – .3550 Resistance – .3665 - .3770 Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we do see this, we would like to see a new test of resistance to show buyer strength and break of that level to start thinking the overall up trend is still in play. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:ADAUSDLong
by Eightcap
Bitcoin ($BTC): Chart Patterns in Mid Term...Hi everyone! The Daily Chart should speak clearly, so we have two potentially interesting patterns that we could follow in the coming weeks. From a technical point of view, we are talking about a "Head & Shoulders" and an "Inverted Head & Shoulders" . The levels shown on chart are approximate, what I am interested in sharing with you is the potential swing that Bitcoin should form in the Mid Term (Log Scale). Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
by TheAnonymousBanker
6
eep an eye on $BTC/USDUpon analyzing the Bitcoin chart within the daily time frame, it becomes evident that the price is currently undergoing a downward trend after breaching the areas of $26,900 and $26,500. Should the price maintain its position below the $26,500 mark, it is highly likely that a significant price decline will occur. In the event of such a decline, the initial target range would encompass $23,900 to $25,200, with a subsequent target of $20,000. The $20,000 level could potentially serve as a zone for a reversal in price direction, known as a Potential Reversal Zone (PRZ). Do you believe there is a possibility that the price will reach $20,000 within the next three weeks? Please continue to follow my analysis and feel free to pose any inquiries you may have. I am here to assist you. 👤 FarmanBangashh : @FarmanBangashh 📅 20.05.2023 ⚠️(DYOR) (NFA) Noted: Not a financial advisor. It's always recommended to carefully consider all the factors and conduct thorough research before making any investment decisions. I suggest seeking advice from a licensed financial advisor.
CRYPTO:BTCUSDShort
by frmnCapital
2
Bitcoin ($BTC): Next potential swing on intraday chartFrom a technical point of view, and at least for the moment, we have to consider the last bearish leg as a simple pullback or part of a corrective structure. The main support area is around 26.450/26.000, and if it will works properly, it should trigger an interesting bullish leg. The main support on daily chart is around 26,750 and the trend on weekly chart is still bearish. Note: Updates will follow below. Trade with care! Like if my analysis is useful. Cheers!
by TheAnonymousBanker
13
BTCUSD: Held the 1D MA100, now needs to break Resistance.BTCUSD is rebounding on the 1D MA100 exactly as it did on the previous HL wave of the 5 month Channel Up on March 10th. The 1D technicals are neutral (RSI = 45.138, MACD = -433.600, ADX = 31.812) confirming that this is the ideal long term buy entry. On the March bottom the MACD made a Buy Cross (the only one) under 0.00, which validated the uptrend. We are close to repeating that so use it as a confirmation. Chart-wise the price needs to cross over the R1 (30,000) and hold the 1D MA50 as Support. If that happens, we will buy the breakout and TP = 34,000. If on the other hand the price breaks under the Channel Up first, we will sell and target the 1D MA200 (TP = 23,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
INDEX:BTCUSDLong
by InvestingScope
4