BTCUSD First time to hit the MA200 (4h) in more than a monthBTCUSD crossed under the MA200 (4h) for the first time since March 13th.
This is an important short term breakout as the next Support is the MA50 (1d), technically a long term Support during rallies.
So far the price action since March 13th is replicating that since January 9th as a mirror fractal
Trading Plan:
1. Buy as long as the price stays above Support (1) and inside the Channel Up.
2. Sell if it crosses under the MA50 (1d).
Targets:
1. 32000 (Rising Resistance).
2. 25250 (MA100 1d).
Tips:
1. When the price crossed under the MA50 (1d) on March 3rd and hit the MA100 (1d), it was due to the Silicon Valley Bank and shortly after the Credit Suisse crash. The price most likely needs a catalyst like this to convince investors to sell below the MA50 (1d).
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Cryptos
BTCUSD Must hold this Channel otherwise bigger pullback is possiBitcoin/ BTCUSD maintains not only the wider/ long term Channel Up but also the short term with the dotted lines.
As long as it holds it, target 32000 by the end of the month.
If the short term Channel fails, we expect a stronger pull back first to the 1day MA50 and then the 1day MA100 and the bottom of the long term Channel Up at 25800.
That will be an even more comfortable buy entry for the ultimate target of 32000.
Previous chart:
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BITCOIN GOING 36K! There are a lot of rumors that bull season in cryptos started. But when we look at global macroeconomics and make a comprehensive fundamental analysis we see that we have time for the bull season. This time we have to check big companies for a new bull season. Just whales and big investors cant make this happen.
Assuming that we are still in a bear market here is my analysis of Bitcoin on the chart.
I believe that Bitcoin will go higher to 36k levels to make believe little investors it is a bull season. After that when there are enough long positions they will make it go down to liquidate everyone.
To sum up, I still believe that we are in a bull season so Bitcoin can test at least the 15-16K levels again.
Current BTC 4H channelMy update for BTC currently
volume analysis by region + the most likely channel currently
use wisely,
channels are good to better understand trading ranges (bottom quarter entries with interesting confirmations tend to have good results)
the volume regions can be understood as "barriers", and are stronger when there is a sudden change between the regions
Bitcoin short-term update - reaching $28,728 again🐂?Bitcoin short-term update
(a) BTC reached my called bullish target of $28,728👀
(b) next bearish target still at $26,260🐻
(c) next bullish target is reaching $28,728 again🐂
Have a great day dear Crypto Nation😎
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Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
ERGO Coin ($ERG): Rebound continuation in short term?Today we continue to follow some Altcoins, and this time we are talking about #ERGO (ERGO Coin). Technically speaking, the main trend is still bearish, but we cannot rule out a continuation of this technical rebound in near term. If Ergo Coin will be able to follow the swing shown on daily chart, the structure in play remains bullish with 2.54 direction (first target wave 5 structure), main support area around 1.91.
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
ETH 2 Day TFIn the past 34 days, Ethereum has risen by 54% without experiencing a significant correction. It is predicted that there may be a 20% pullback before the price continues to rise. It is expected that the sell zone between 2297.3 and 2483.6 may trigger this pullback.
There are several factors that suggest Ethereum could experience significant price growth by the end of the year.
Decentralized Applications: Ethereum is not just a cryptocurrency, it's also a decentralized platform that allows developers to build and deploy decentralized applications (dApps) on top of it. This has led to a flourishing ecosystem of decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other innovative use cases.
Smart Contract Functionality: Ethereum's smart contract functionality enables developers to create and execute self-executing contracts that automatically execute when certain conditions are met. This has revolutionized industries such as supply chain management, real estate, and even gaming.
Strong Network Effect: Ethereum is the second-largest cryptocurrency by market capitalization and has a large and active community of developers and users. This strong network effect means that Ethereum is likely to continue to be widely adopted and used, which could increase its value over time.
Scalability Improvements: Ethereum is undergoing a major upgrade called Ethereum 2.0, which aims to address some of the scalability issues that have plagued the platform. This upgrade is expected to make Ethereum faster, cheaper, and more efficient, which could make it an even more attractive coin to hold.
Overall, Ethereum's versatility, functionality, strong network effect, and ongoing improvements make it a good coin to hold for the long term. However, as with any investment, it's important to do your own research and consider your own risk tolerance before making any decisions.
XRPUSD: Don't expect new Highs anytime soon.XRPUSD has been trading sideways for 10 days in a row and despite being on high ground relative to last month's lows, the 1D technicals are gradually turning neutral (RSI = 59.192, MACD = 0.022, ADX = 33.580). This is because the price is still trading inside the long term Channel Up and recently the Higher High was priced. Repeating the top structure of September/October, a decline to the Channel's bottom is more probable, unless the March 29th High breaks first.
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Big Chainlink Move IncomingChainlink has been trading in a range for over 322 days. However, despite this prolonged period of sideways movement, there is an exciting development taking place in the background. Massive bullish divergence has been forming since July 2022, when the histogram changed color.
Over the past thirteen 3W candles, momentum has been slowly building, culminating in the first ever 3-week bullish cross last week, even as the price has continued to decline. This type of bullish divergence is typically a precursor to a significant move, and the longer the buildup, the bigger the potential move. A similar pattern was observed with NOIA, and it resulted in a massive move
Chainlink's potential move could be volatile, considering that the last time it moved up from this exact price range, it gained 200% in just 20 days.
Additionally, a triangle pattern seems to have formed within the range, which is typically very bullish, especially when lower highs are consistently being made on the daily chart. A similar triangle pattern in the past pushed LINK to the top of the range, forming an ascending triangle that eventually took it much higher.
While the LINK/BTC chart has not been as hot, a break of resistance could be a positive development for LINK. Overall, this could be an excellent time to enter a long position in LINK and ride the potential move until June 2023.
SOLUSD - Bearish DivergenceBased on my analysis, I have identified a bearish divergence in the market, which suggests that the trend is likely to continue in a bearish direction. In order for the divergence to be confirmed, we need to see a break of the previous higher low (HL).
With this in mind, I recommend taking a short trade with a risk/reward ratio of 1:1. Here are the details of the trade plan:
Trade Type: Short
Sell Stop: 23.59
Stop Loss: 24.48
Lot Size: 96
Take Profit 1: 22.7
Take Profit 2: 21.81
By following this trade plan, we can potentially profit from the expected bearish trend while managing our risk with a well-defined stop loss. It is important to monitor the market closely and adjust our trade accordingly if new information arises.
BTCUSD: Megaphones always start bull runs.Bitcoin is almost overbought on the 1W timeframe (RSI = 69.070, MACD = 1615.400, ADX = 36.907), well over the 1W MA50. This breakout comes after the priced crossed above a Megaphone pattern that was seen before the last two major bull runs. The 1W RSI was also near 70.000 on those instances and history seems to be repeating. No matter how unrealistic it may seem, can hit 50,000 or even 60,000 by July if the pace of this rise is continued.
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BTCUSD: The beginning of a +50% rise. $41,000 possible.BTCUSD is already on an overbought 4H RSI (71.673) for the day but the 1D time-frame remains on well balanced bullish numbers (RSI = 65.713, MACD = 855.100, ADX = 21.853). This indicates the potential for strong bullish upside and same 1D RSI pattern is found at the start of the previous two +47.50/+48.50% rises. The pattern may seem a Channel Up but the underlying structure is an Inverted Head and Shoulders. HKEX:41 ,000 is our target within a 1-2 month timeframe.
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BITCOIN LONG 20230410No need to say too much, Just LONG
Nobody would Short at the moment, am I correct?
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.
$DOGE Supernova 💫❤️🕊️What is Dogecoin (DOGE)?
Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US BMV:60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
Dogecoin in 2022
Fast forward today in 2022, Dogecoin has grown so much and have gathered the mainstream attention. It has become a meme that is used by the likes of Tesla billionaire, Elon Musk and even more so spunned off even more meme coins into the market.
Dogecoin followers have always been asking if Dogecoin would ever reach $1. It is hard to say where the price action will go, but high volatility seem to be mainstay as the utility of the cryptocurrency remains unclear being a meme coin.
BITCOIN Short OpportunitySignal: Green -> Red
Context: Red, Yellow
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.
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀
That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨
Have a great day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion